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2021-11-05

Ya

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2021-11-01

Ok

Federal Reserve decision, October jobs report: What to know this week<blockquote>美联储决定、十月就业报告：本周需要了解什么</blockquote>

2021-07-25

What bout baba?

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2021-12-11

Cool

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2021-11-15

Ok

Market Bets on a Fed Interest-Rate Mistake<blockquote>市场押注美联储利率错误</blockquote>

2021-11-05

Tell me your opinion about this news...

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2021-08-17

🤦🏻‍♀️

Semiconductor stocks continue dipping<blockquote>半导体股继续下跌</blockquote>

2021-11-27

Ok

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2021-11-12

Ok

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2021-11-17

Ok

Amazon to stop accepting Visa credit cards issued in UK - Bloomberg News<blockquote>亚马逊将停止接受在英国发行的Visa信用卡-彭博新闻</blockquote>

2021-11-01

Ok

Economic Data Scheduled For Monday<blockquote>经济数据定于周一公布</blockquote>

2021-07-22

Haven breakeven another correction 🤦🏻‍♀️

Entering The Worst Seasonal Period Of The Year, And 10 Other Reasons Why Goldman Braces For An August Correction<blockquote>进入一年中最糟糕的季节性时期，以及高盛准备迎接8月份调整的其他10个原因</blockquote>

2021-11-10

Ok

Gett Nears $1.1B SPAC Merger To Go Public<blockquote>Gett接近$1.1 B SPAC合并上市</blockquote>

2021-08-22

Cool

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2021-07-28

[Sweats] expensive.. haha

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2021-07-22

[Spurting]

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2021-07-20

[Miser] [Miser] [Miser] [Miser]

Nvidia Stock’s Surge Makes Chip Maker 10th-Biggest U.S. Listed Company<blockquote>英伟达股价飙升使芯片制造商成为美国第十大上市公司</blockquote>

2021-12-04

…

Sea Ltd stock dropped 6% while Grab rallied nearly 3%<blockquote>Sea Ltd股价下跌6%，Grab上涨近3%</blockquote>

2021-11-04

Ok

Federal Reserve to begin slowing its pace of asset purchases this month<blockquote>美联储本月将开始放缓资产购买步伐</blockquote>

2021-10-26

👍🏻

Cloudflare: Big Gains Made As Investors Brace For Earnings<blockquote>Cloudflare：投资者为盈利做好准备，取得巨大收益</blockquote>

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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\">\nSea Ltd stock dropped 6% while Grab rallied nearly 3%<blockquote>Sea Ltd股价下跌6%，Grab上涨近3%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-03 23:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Sea Ltd stock dropped 6% while Grab rallied nearly 3% in morning trading.</p><p><blockquote>Sea Ltd股价在早盘交易中下跌6%，而Grab则上涨近3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f6e1cc599c71ab4b3f021f3f08854e7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ad938b19362172c4e42e41557bb259b3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings","SE":"Sea Ltd"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135581145","content_text":"Sea Ltd stock dropped 6% while Grab rallied nearly 3% in morning 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17:15","market":"us","language":"en","title":"Amazon to stop accepting Visa credit cards issued in UK - Bloomberg News<blockquote>亚马逊将停止接受在英国发行的Visa信用卡-彭博新闻</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117913583","media":"Reuters","summary":"Amazon.com Inc(AMZN.O)will stop accepting payments made using Visa Inc(V.N)credit cards issued in th","content":"<p>Amazon.com Inc(AMZN.O)will stop accepting payments made using Visa Inc(V.N)credit cards issued in the United Kingdom starting next year, Bloomberg News reported on Wednesday.</p><p><blockquote>据彭博社周三报道，亚马逊公司(AMZN.O)将从明年开始停止接受使用在英国发行的Visa Inc(V.N)信用卡进行的支付。</blockquote></p><p> Amazon customers can still use Visa debit cards, Mastercard and Amex credit cards as well as Visa credit cards issued outside of the UK, Bloombergsaid, citing information that the company shared with its customers.</p><p><blockquote>彭博社援引该公司与其客户分享的信息称，亚马逊客户仍然可以使用Visa借记卡、万事达卡和美国运通信用卡以及英国境外发行的Visa信用卡。</blockquote></p><p> Some customers received a notification from Amazon this week after making purchases, which said that \"starting 19 January 2022, we will no longer accept Visa credit cards issued in the UK\" due to the high fees charged by Visa to process the transactions, as per the report.</p><p><blockquote>据报道，一些客户在购物后本周收到了亚马逊的通知，称“从2022年1月19日开始，我们将不再接受在英国发行的Visa信用卡”，因为Visa处理交易收取高额费用。</blockquote></p><p> Amazon and Visa did not immediately respond to Reuters' request for a comment.</p><p><blockquote>亚马逊和Visa没有立即回应路透社的置评请求。</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>Amazon to stop accepting Visa credit cards issued in UK - Bloomberg News<blockquote>亚马逊将停止接受在英国发行的Visa信用卡-彭博新闻</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; 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.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\">\nAmazon to stop accepting Visa credit cards issued in UK - Bloomberg News<blockquote>亚马逊将停止接受在英国发行的Visa信用卡-彭博新闻</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-17 17:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Amazon.com Inc(AMZN.O)will stop accepting payments made using Visa Inc(V.N)credit cards issued in the United Kingdom starting next year, Bloomberg News reported on Wednesday.</p><p><blockquote>据彭博社周三报道，亚马逊公司(AMZN.O)将从明年开始停止接受使用在英国发行的Visa Inc(V.N)信用卡进行的支付。</blockquote></p><p> Amazon customers can still use Visa debit cards, Mastercard and Amex credit cards as well as Visa credit cards issued outside of the UK, Bloombergsaid, citing information that the company shared with its customers.</p><p><blockquote>彭博社援引该公司与其客户分享的信息称，亚马逊客户仍然可以使用Visa借记卡、万事达卡和美国运通信用卡以及英国境外发行的Visa信用卡。</blockquote></p><p> Some customers received a notification from Amazon this week after making purchases, which said that \"starting 19 January 2022, we will no longer accept Visa credit cards issued in the UK\" due to the high fees charged by Visa to process the transactions, as per the report.</p><p><blockquote>据报道，一些客户在购物后本周收到了亚马逊的通知，称“从2022年1月19日开始，我们将不再接受在英国发行的Visa信用卡”，因为Visa处理交易收取高额费用。</blockquote></p><p> Amazon and Visa did not immediately respond to Reuters' request for a comment.</p><p><blockquote>亚马逊和Visa没有立即回应路透社的置评请求。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/retail-consumer/amazon-stop-accepting-visa-credit-cards-issued-uk-bloomberg-news-2021-11-17/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa","AMZN":"亚马逊"},"source_url":"https://www.reuters.com/business/retail-consumer/amazon-stop-accepting-visa-credit-cards-issued-uk-bloomberg-news-2021-11-17/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117913583","content_text":"Amazon.com Inc(AMZN.O)will stop accepting payments made using Visa Inc(V.N)credit cards issued in the United Kingdom starting next year, Bloomberg News reported on Wednesday.\nAmazon customers can still use Visa debit cards, Mastercard and Amex credit cards as well as Visa credit cards issued outside of the UK, Bloombergsaid, citing information that the company shared with its customers.\nSome customers received a notification from Amazon this week after making purchases, which said that \"starting 19 January 2022, we will no longer accept Visa credit cards issued in the UK\" due to the high fees charged by Visa to process the transactions, as per the report.\nAmazon and Visa did not immediately respond to Reuters' request for a comment.","news_type":1,"symbols_score_info":{"AMZN":0.9,"V":0.9}},"isVote":1,"tweetType":1,"viewCount":2015,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873701569,"gmtCreate":1636983685426,"gmtModify":1636983685426,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/873701569","repostId":"1129444395","repostType":4,"repost":{"id":"1129444395","kind":"news","pubTimestamp":1636980609,"share":"https://www.laohu8.com/m/news/1129444395?lang=zh_CN&edition=full","pubTime":"2021-11-15 20:50","market":"us","language":"en","title":"Market Bets on a Fed Interest-Rate Mistake<blockquote>市场押注美联储利率错误</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129444395","media":"Wall Street Journal","summary":"The market is saying that the Federal Reserve is going to be raising rates sooner and faster than th","content":"<p>The market is saying that the Federal Reserve is going to be raising rates sooner and faster than the central bank itself thinks it will. But the market is also saying that rates won’t go as high as the Fed eventually thinks they will.</p><p><blockquote>市场表示，美联储加息的速度将比央行自己想象的更快、更快。但市场也表示，利率不会像美联储最终认为的那样高。</blockquote></p><p> Say what?</p><p><blockquote>说什么？</blockquote></p><p> In September, when Fed policy makers&nbsp;last offered projections&nbsp;on where they thought interest rates would go, they were split on what would happen next year: Half thought they would be leaving their target range on overnight rates near zero. Most of the rest thought they would raise the range by a quarter of a percentage point. Judging by Fed Chairman Jerome Powell’s remarks&nbsp;following the November Fed meeting, more policy makers might now be leaning toward a single, quarter-point increase than before.</p><p><blockquote>9月份，当美联储政策制定者上次对他们认为的利率走向做出预测时，他们对明年会发生什么存在分歧：一半的人认为他们将把隔夜利率的目标范围保持在接近零的水平。其余的大多数人认为他们会将范围提高四分之一个百分点。从美联储主席杰罗姆·鲍威尔在11月美联储会议后的讲话来看，现在可能有更多的政策制定者倾向于比以前加息四分之一个百分点。</blockquote></p><p> Interest-rate futures are saying something different. They now imply the odds of the Fed raising its target range by at least a half point by the end of next year at 83%, according to&nbsp;CME Group calculations. Following the Fed’s September meeting, the odds of that happening were just 22%. Moreover, the futures now put the odds of the Fed raising rates by three-quarters of a point or more at 54%.</p><p><blockquote>利率期货却有不同的说法。根据芝商所的计算，他们现在暗示美联储在明年年底前将目标区间上调至少半个百分点的可能性为83%。美联储9月份会议后，这种情况发生的可能性仅为22%。此外，期货目前显示美联储加息四分之三个百分点或更多的可能性为54%。</blockquote></p><p> The change in the market’s rate odds came about as it became clear that the supply-chain and labor issues that have been pushing inflation higher were proving more persistent than many forecasters had hoped. One interpretation is that, despite the Fed’s view that much of the recent rise in inflation will end up being transitory, investors in the rates market believe that prices will keep heading higher, that the labor market will continue to tighten and that the Fed will raise rates more than it expects.</p><p><blockquote>市场利率赔率发生变化之际，事实证明，一直推高通胀的供应链和劳动力问题比许多预测者希望的更加持久。一种解释是，尽管美联储认为近期通胀上升最终将是暂时的，但利率市场的投资者认为物价将继续走高，劳动力市场将继续收紧，美联储将加息幅度超过预期。</blockquote></p><p> By the final quarter of 2023, market pricing suggests overnight rates will average about 1.4%, according toa Federal Reserve Bank of Atlanta model, whereas the median projection among Fed policy makers has them finishing the year at 1%.</p><p><blockquote>根据亚特兰大联邦储备银行的模型，到2023年最后一个季度，市场定价表明隔夜利率平均约为1.4%，而美联储政策制定者的预测中值为1%。</blockquote></p><p> But after that, the script switches. Long-term interest rates, which are supposed to reflect investor forecasts of what overnight rates will average over the years, remain low, with the 10-year Treasury lately yielding 1.58%.A Federal Reserve Bank of San Francisco modelbased off Treasury yields and estimates of “term premia—the fudge factors investors build into Treasury prices as insurance against the risk their rate forecasts are wrong—puts overnight rates at around 1.4% at the end of 2024 and remaining around there through 2031.</p><p><blockquote>但在那之后，脚本会切换。长期利率应该反映投资者对多年来平均隔夜利率的预测，但长期利率仍然很低，10年期国债最近的收益率为1.58%。旧金山联邦储备银行的模型基于国债收益率和“期限溢价”的估计——投资者在国债价格中加入的捏造因素，作为对利率预测错误风险的保险——预计2024年底隔夜利率将保持在1.4%左右，并在2031年之前保持在这一水平。</blockquote></p><p> By contrast, Fed policy makers project their target on overnight rates will rise to 1.75% at the end of 2024. And over the longer haul they think it will rise to 2.5%.</p><p><blockquote>相比之下，美联储政策制定者预计隔夜利率目标将在2024年底升至1.75%。从长远来看，他们认为这一比例将升至2.5%。</blockquote></p><p> One interpretation of market pricing is that the Fed will raise rates in response to a burst of inflation that proves temporary, hamstringing the economy. As a result, the Fed will fall short of employment and long-term inflation goals and will never get rates to where it thinks they ought to be in a well-functioning economy. Put otherwise, the market thinks that Fed policy makers should stick with their projections and raise rates slowly. But the market also reckons the Fed will make a mistake and raise rates too quickly.</p><p><blockquote>对市场定价的一种解释是，美联储将加息以应对暂时的通胀爆发，从而削弱经济。因此，美联储将达不到就业和长期通胀目标，并且永远不会将利率提高到它认为在运转良好的经济中应该达到的水平。换句话说，市场认为美联储政策制定者应该坚持他们的预测并缓慢加息。但市场也认为美联储将犯一个错误，加息过快。</blockquote></p><p> If that seems far-fetched, it is important to remember the influence Fed policy expectations have over rates markets is hardly absolute. All sorts of factors affect long-term Treasury yields, including their levels relative to other countries’ bond yields, hedging needs and the general availability of places to safely park money over the long haul. Short-term interest-rate futures can over-adjust to changes in expectations as investors get flushed out of positions.</p><p><blockquote>如果这看起来很牵强，那么重要的是要记住美联储政策预期对利率市场的影响并不是绝对的。各种因素都会影响长期国债收益率，包括其相对于其他国家债券收益率的水平、对冲需求以及长期安全存放资金的场所的普遍可用性。随着投资者抛售头寸，短期利率期货可能会根据预期的变化过度调整。</blockquote></p><p> The market might be smarter than any one forecaster or the Federal Reserve when it comes to where rates are going. Unfortunately, it isn’t easy figuring out what the market is trying to say.</p><p><blockquote>当谈到利率走向时，市场可能比任何一个预测者或美联储都更聪明。不幸的是，要弄清楚市场想说什么并不容易。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Bets on a Fed Interest-Rate Mistake<blockquote>市场押注美联储利率错误</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\">\nMarket Bets on a Fed Interest-Rate Mistake<blockquote>市场押注美联储利率错误</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Wall Street Journal</strong><span class=\"h-time small\">2021-11-15 20:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The market is saying that the Federal Reserve is going to be raising rates sooner and faster than the central bank itself thinks it will. But the market is also saying that rates won’t go as high as the Fed eventually thinks they will.</p><p><blockquote>市场表示，美联储加息的速度将比央行自己想象的更快、更快。但市场也表示，利率不会像美联储最终认为的那样高。</blockquote></p><p> Say what?</p><p><blockquote>说什么？</blockquote></p><p> In September, when Fed policy makers&nbsp;last offered projections&nbsp;on where they thought interest rates would go, they were split on what would happen next year: Half thought they would be leaving their target range on overnight rates near zero. Most of the rest thought they would raise the range by a quarter of a percentage point. Judging by Fed Chairman Jerome Powell’s remarks&nbsp;following the November Fed meeting, more policy makers might now be leaning toward a single, quarter-point increase than before.</p><p><blockquote>9月份，当美联储政策制定者上次对他们认为的利率走向做出预测时，他们对明年会发生什么存在分歧：一半的人认为他们将把隔夜利率的目标范围保持在接近零的水平。其余的大多数人认为他们会将范围提高四分之一个百分点。从美联储主席杰罗姆·鲍威尔在11月美联储会议后的讲话来看，现在可能有更多的政策制定者倾向于比以前加息四分之一个百分点。</blockquote></p><p> Interest-rate futures are saying something different. They now imply the odds of the Fed raising its target range by at least a half point by the end of next year at 83%, according to&nbsp;CME Group calculations. Following the Fed’s September meeting, the odds of that happening were just 22%. Moreover, the futures now put the odds of the Fed raising rates by three-quarters of a point or more at 54%.</p><p><blockquote>利率期货却有不同的说法。根据芝商所的计算，他们现在暗示美联储在明年年底前将目标区间上调至少半个百分点的可能性为83%。美联储9月份会议后，这种情况发生的可能性仅为22%。此外，期货目前显示美联储加息四分之三个百分点或更多的可能性为54%。</blockquote></p><p> The change in the market’s rate odds came about as it became clear that the supply-chain and labor issues that have been pushing inflation higher were proving more persistent than many forecasters had hoped. One interpretation is that, despite the Fed’s view that much of the recent rise in inflation will end up being transitory, investors in the rates market believe that prices will keep heading higher, that the labor market will continue to tighten and that the Fed will raise rates more than it expects.</p><p><blockquote>市场利率赔率发生变化之际，事实证明，一直推高通胀的供应链和劳动力问题比许多预测者希望的更加持久。一种解释是，尽管美联储认为近期通胀上升最终将是暂时的，但利率市场的投资者认为物价将继续走高，劳动力市场将继续收紧，美联储将加息幅度超过预期。</blockquote></p><p> By the final quarter of 2023, market pricing suggests overnight rates will average about 1.4%, according toa Federal Reserve Bank of Atlanta model, whereas the median projection among Fed policy makers has them finishing the year at 1%.</p><p><blockquote>根据亚特兰大联邦储备银行的模型，到2023年最后一个季度，市场定价表明隔夜利率平均约为1.4%，而美联储政策制定者的预测中值为1%。</blockquote></p><p> But after that, the script switches. Long-term interest rates, which are supposed to reflect investor forecasts of what overnight rates will average over the years, remain low, with the 10-year Treasury lately yielding 1.58%.A Federal Reserve Bank of San Francisco modelbased off Treasury yields and estimates of “term premia—the fudge factors investors build into Treasury prices as insurance against the risk their rate forecasts are wrong—puts overnight rates at around 1.4% at the end of 2024 and remaining around there through 2031.</p><p><blockquote>但在那之后，脚本会切换。长期利率应该反映投资者对多年来平均隔夜利率的预测，但长期利率仍然很低，10年期国债最近的收益率为1.58%。旧金山联邦储备银行的模型基于国债收益率和“期限溢价”的估计——投资者在国债价格中加入的捏造因素，作为对利率预测错误风险的保险——预计2024年底隔夜利率将保持在1.4%左右，并在2031年之前保持在这一水平。</blockquote></p><p> By contrast, Fed policy makers project their target on overnight rates will rise to 1.75% at the end of 2024. And over the longer haul they think it will rise to 2.5%.</p><p><blockquote>相比之下，美联储政策制定者预计隔夜利率目标将在2024年底升至1.75%。从长远来看，他们认为这一比例将升至2.5%。</blockquote></p><p> One interpretation of market pricing is that the Fed will raise rates in response to a burst of inflation that proves temporary, hamstringing the economy. As a result, the Fed will fall short of employment and long-term inflation goals and will never get rates to where it thinks they ought to be in a well-functioning economy. Put otherwise, the market thinks that Fed policy makers should stick with their projections and raise rates slowly. But the market also reckons the Fed will make a mistake and raise rates too quickly.</p><p><blockquote>对市场定价的一种解释是，美联储将加息以应对暂时的通胀爆发，从而削弱经济。因此，美联储将达不到就业和长期通胀目标，并且永远不会将利率提高到它认为在运转良好的经济中应该达到的水平。换句话说，市场认为美联储政策制定者应该坚持他们的预测并缓慢加息。但市场也认为美联储将犯一个错误，加息过快。</blockquote></p><p> If that seems far-fetched, it is important to remember the influence Fed policy expectations have over rates markets is hardly absolute. All sorts of factors affect long-term Treasury yields, including their levels relative to other countries’ bond yields, hedging needs and the general availability of places to safely park money over the long haul. Short-term interest-rate futures can over-adjust to changes in expectations as investors get flushed out of positions.</p><p><blockquote>如果这看起来很牵强，那么重要的是要记住美联储政策预期对利率市场的影响并不是绝对的。各种因素都会影响长期国债收益率，包括其相对于其他国家债券收益率的水平、对冲需求以及长期安全存放资金的场所的普遍可用性。随着投资者抛售头寸，短期利率期货可能会根据预期的变化过度调整。</blockquote></p><p> The market might be smarter than any one forecaster or the Federal Reserve when it comes to where rates are going. Unfortunately, it isn’t easy figuring out what the market is trying to say.</p><p><blockquote>当谈到利率走向时，市场可能比任何一个预测者或美联储都更聪明。不幸的是，要弄清楚市场想说什么并不容易。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/market-bets-on-a-fed-interest-rate-mistake-11636977780?siteid=yhoof2\">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":{},"source_url":"https://www.wsj.com/articles/market-bets-on-a-fed-interest-rate-mistake-11636977780?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129444395","content_text":"The market is saying that the Federal Reserve is going to be raising rates sooner and faster than the central bank itself thinks it will. But the market is also saying that rates won’t go as high as the Fed eventually thinks they will.\nSay what?\nIn September, when Fed policy makers last offered projections on where they thought interest rates would go, they were split on what would happen next year: Half thought they would be leaving their target range on overnight rates near zero. Most of the rest thought they would raise the range by a quarter of a percentage point. Judging by Fed Chairman Jerome Powell’s remarks following the November Fed meeting, more policy makers might now be leaning toward a single, quarter-point increase than before.\nInterest-rate futures are saying something different. They now imply the odds of the Fed raising its target range by at least a half point by the end of next year at 83%, according to CME Group calculations. Following the Fed’s September meeting, the odds of that happening were just 22%. Moreover, the futures now put the odds of the Fed raising rates by three-quarters of a point or more at 54%.\nThe change in the market’s rate odds came about as it became clear that the supply-chain and labor issues that have been pushing inflation higher were proving more persistent than many forecasters had hoped. One interpretation is that, despite the Fed’s view that much of the recent rise in inflation will end up being transitory, investors in the rates market believe that prices will keep heading higher, that the labor market will continue to tighten and that the Fed will raise rates more than it expects.\nBy the final quarter of 2023, market pricing suggests overnight rates will average about 1.4%, according toa Federal Reserve Bank of Atlanta model, whereas the median projection among Fed policy makers has them finishing the year at 1%.\nBut after that, the script switches. Long-term interest rates, which are supposed to reflect investor forecasts of what overnight rates will average over the years, remain low, with the 10-year Treasury lately yielding 1.58%.A Federal Reserve Bank of San Francisco modelbased off Treasury yields and estimates of “term premia—the fudge factors investors build into Treasury prices as insurance against the risk their rate forecasts are wrong—puts overnight rates at around 1.4% at the end of 2024 and remaining around there through 2031.\nBy contrast, Fed policy makers project their target on overnight rates will rise to 1.75% at the end of 2024. And over the longer haul they think it will rise to 2.5%.\nOne interpretation of market pricing is that the Fed will raise rates in response to a burst of inflation that proves temporary, hamstringing the economy. As a result, the Fed will fall short of employment and long-term inflation goals and will never get rates to where it thinks they ought to be in a well-functioning economy. Put otherwise, the market thinks that Fed policy makers should stick with their projections and raise rates slowly. But the market also reckons the Fed will make a mistake and raise rates too quickly.\nIf that seems far-fetched, it is important to remember the influence Fed policy expectations have over rates markets is hardly absolute. All sorts of factors affect long-term Treasury yields, including their levels relative to other countries’ bond yields, hedging needs and the general availability of places to safely park money over the long haul. Short-term interest-rate futures can over-adjust to changes in expectations as investors get flushed out of positions.\nThe market might be smarter than any one forecaster or the Federal Reserve when it comes to where rates are going. Unfortunately, it isn’t easy figuring out what the market is trying to say.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879237259,"gmtCreate":1636727688805,"gmtModify":1636727688892,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879237259","repostId":"2182236092","repostType":4,"isVote":1,"tweetType":1,"viewCount":1678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870001629,"gmtCreate":1636556647877,"gmtModify":1636556991868,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870001629","repostId":"1181359044","repostType":4,"repost":{"id":"1181359044","kind":"news","pubTimestamp":1636549935,"share":"https://www.laohu8.com/m/news/1181359044?lang=zh_CN&edition=full","pubTime":"2021-11-10 21:12","market":"us","language":"en","title":"Gett Nears $1.1B SPAC Merger To Go Public<blockquote>Gett接近$1.1 B SPAC合并上市</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181359044","media":"Benzinga","summary":"Corporate-transportation platform Gett is nearing a special-purpose acquisition company (SPAC) merge","content":"<p><div> Corporate-transportation platform Gett is nearing a special-purpose acquisition company (SPAC) merger worth $1.1 billion with Rosecliff Acquisition Corp I, the Wall Street Journal reports. Gett now ...</p><p><blockquote><div>据《华尔街日报》报道，企业运输平台Gett即将与Rosecliff Acquisition Corp I进行价值11亿美元的特殊目的收购公司(SPAC)合并。立即获取...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24005887/gett-nears-1-1b-spac-merger-to-go-public\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24005887/gett-nears-1-1b-spac-merger-to-go-public\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Gett Nears $1.1B SPAC Merger To Go Public<blockquote>Gett接近$1.1 B SPAC合并上市</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\">\nGett Nears $1.1B SPAC Merger To Go Public<blockquote>Gett接近$1.1 B SPAC合并上市</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-10 21:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Corporate-transportation platform Gett is nearing a special-purpose acquisition company (SPAC) merger worth $1.1 billion with Rosecliff Acquisition Corp I, the Wall Street Journal reports. Gett now ...</p><p><blockquote><div>据《华尔街日报》报道，企业运输平台Gett即将与Rosecliff Acquisition Corp I进行价值11亿美元的特殊目的收购公司(SPAC)合并。立即获取...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24005887/gett-nears-1-1b-spac-merger-to-go-public\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24005887/gett-nears-1-1b-spac-merger-to-go-public\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/11/24005887/gett-nears-1-1b-spac-merger-to-go-public\">Benzinga</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":{},"source_url":"https://www.benzinga.com/news/21/11/24005887/gett-nears-1-1b-spac-merger-to-go-public","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181359044","content_text":"Corporate-transportation platform Gett is nearing a special-purpose acquisition company (SPAC) merger worth $1.1 billion with Rosecliff Acquisition Corp I, the Wall Street Journal reports.\nGett now aims to streamline the company’s ride-hailing, taxi, and limousine booking options worldwide into one platform to save customers time and money. It initially started as a Uber Technologies competitor.\nGett now joins companies like Lyft Inc and Indian ride-hailing operator Ola to offer many different services.\nGett is marketing itself as a solution for global companies to transport workers rapidly, particularly with many remote workers at least part-time during the pandemic.\nGett works with companies like Apple Inc and Coca-Cola Co, the report adds.\nGett closed its New York ride-sharing business Juno in 2019. Gett still operates ride-hailing services in markets like Israel and London, but 40% of its trips for corporate clients now come from third parties.\nPrice Action: RCLF shares traded higher by 1.63% at $9.95 in the premarket session on the last check Wednesday.","news_type":1,"symbols_score_info":{"RCLF":0.9}},"isVote":1,"tweetType":1,"viewCount":2043,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842063010,"gmtCreate":1636121005561,"gmtModify":1636121005669,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ya","listText":"Ya","text":"Ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842063010","repostId":"2181743825","repostType":4,"isVote":1,"tweetType":1,"viewCount":1721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842069786,"gmtCreate":1636120995202,"gmtModify":1636120995305,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842069786","repostId":"2181743825","repostType":4,"isVote":1,"tweetType":1,"viewCount":2122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848682243,"gmtCreate":1635994772185,"gmtModify":1635994852203,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"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/848682243","repostId":"1124664323","repostType":4,"repost":{"id":"1124664323","kind":"news","pubTimestamp":1635994506,"share":"https://www.laohu8.com/m/news/1124664323?lang=zh_CN&edition=full","pubTime":"2021-11-04 10:55","market":"us","language":"en","title":"Federal Reserve to begin slowing its pace of asset purchases this month<blockquote>美联储本月将开始放缓资产购买步伐</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124664323","media":"finance.yahoo","summary":"The Federal Reserve on Wednesday said it would start slowing its pace of asset purchases, the first ","content":"<p>The Federal Reserve on Wednesday said it would start slowing its pace of asset purchases, the first step in paring back its COVID-era easy money policies.</p><p><blockquote>美联储周三表示，将开始放缓资产购买步伐，这是削减新冠疫情时期宽松货币政策的第一步。</blockquote></p><p> “In light of the substantial further progress the economy has made toward the committee’s goals since last December, the Committee decided to begin reducing the monthly pace of its net asset purchases,” the policy-setting Federal Open Market Committee said in its updated policy statement Wednesday.</p><p><blockquote>制定政策的联邦公开市场委员会在更新的政策中表示：“鉴于自去年12月以来经济在实现委员会目标方面取得了实质性进展，委员会决定开始降低每月净资产购买的步伐。”周三声明。</blockquote></p><p> Since the depths of the pandemic, the central bank has been directly buying U.S. Treasuries and agency mortgage-backed securities to signal its support of the economic recovery. As of now, the Fed is pacing its purchases at a clip of about $120 billion per month.</p><p><blockquote>自疫情最严重以来，央行一直在直接购买美国国债和机构抵押贷款支持证券，以表明其对经济复苏的支持。截至目前，美联储正以每月约1200亿美元的速度进行购买。</blockquote></p><p> But the Fed said Wednesday it will gradually slow the pace of those purchases by about $15 billion per month, as part of a plan to bring its so-called quantitative easing program to a full stop by the middle of next year. The taper will begin “later this month” and will continue at that $15 billion pace through December, although the FOMC clarified it could change the pace of taper as needed.</p><p><blockquote>但美联储周三表示，将逐步放慢每月约150亿美元的购买速度，作为明年年中全面停止所谓量化宽松计划计划的一部分。taper将于“本月晚些时候”开始，并将以150亿美元的速度持续到12月，尽管FOMC澄清可能会根据需要改变taper的速度。</blockquote></p><p> “The Committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook,” the FOMC statement reads.</p><p><blockquote>FOMC声明中写道：“委员会判断，每个月类似地减少净资产购买速度可能是适当的，但如果经济前景变化需要，它准备调整购买速度。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/058871f82218754bee91923d0b234360\" tg-width=\"712\" tg-height=\"625\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The FOMC still maintained short-term interest rates at near zero. The decision on rates and taper was unanimous.</p><p><blockquote>FOMC仍将短期利率维持在接近零的水平。关于利率和缩减的决定是一致的。</blockquote></p><p> The Fed statement continued to double down on its view that high inflation readings will prove to be “transitory,” noting that “supply and demand imbalances related to the pandemic and the reopening of the economy have contributed to sizable price increases in some sectors.”</p><p><blockquote>美联储声明继续加倍强调其观点，即高通胀读数将被证明是“暂时的”，并指出“与大流行和经济重新开放相关的供需失衡导致一些行业的价格大幅上涨。”</blockquote></p><p> Anticipation for a Fed taper has ramped up discussion over the policy-setting Federal Open Market Committee’s next steps: raising interest rates.</p><p><blockquote>对美联储缩减规模的预期加剧了对制定政策的联邦公开市场委员会下一步措施的讨论：加息。</blockquote></p><p> Fed officials have made it clear that the timing of taper has no direct implications for the timing of raising short-term borrowing costs from the current setting of near zero.</p><p><blockquote>美联储官员已经明确表示，taper的时机对将短期借贷成本从目前接近零的水平上调的时机没有直接影响。</blockquote></p><p> But markets appear to be getting ahead of the Fed. As Powell and other Fed officials&nbsp;all but signaled that taper was coming, bets on interest rates reflected expectations for a more hawkish cycle of Fed rate hikes through 2022.</p><p><blockquote>但市场似乎走在了美联储的前面。随着鲍威尔和其他美联储官员几乎暗示taper即将到来，对利率的押注反映了对2022年美联储加息周期更加鹰派的预期。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6928c3f025ea9b6f8e419d7dc98bced8\" tg-width=\"705\" tg-height=\"407\" width=\"100%\" height=\"auto\"><span>Fed funds futures contracts traded on the Chicago Mercantile Exchange show markets pricing in a decent likelihood of two to four interest rate hikes by the end of next year. Source: CME FedWatch</span></p><p><blockquote><p class=\"t-img-caption\"><span>芝加哥商品交易所交易的联邦基金期货合约显示，市场定价到明年年底加息两到四次的可能性很大。资料来源：CME FedWatch</span></p></blockquote></p><p> Headed into Wednesday afternoon’s announcement, Fed funds futures contracts priced in a strong chance that the central bank will have hiked rates at least three times by the end of 2022. Those expectations ratcheted up in the four weeks leading up to the Fed’s taper announcement.</p><p><blockquote>在周三下午宣布这一消息之前，联邦基金期货合约定价为央行到2022年底至少加息三次的可能性很大。在美联储宣布缩减购债规模之前的四周内，这些预期不断上升。</blockquote></p><p> The central bank’s next policy-setting announcement is scheduled to take place Dec. 14 and 15.</p><p><blockquote>央行的下一次政策制定公告定于12月14日至15日发布。</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 begin slowing its pace of asset purchases this month<blockquote>美联储本月将开始放缓资产购买步伐</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 begin slowing its pace of asset purchases this month<blockquote>美联储本月将开始放缓资产购买步伐</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\">2021-11-04 10:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Federal Reserve on Wednesday said it would start slowing its pace of asset purchases, the first step in paring back its COVID-era easy money policies.</p><p><blockquote>美联储周三表示，将开始放缓资产购买步伐，这是削减新冠疫情时期宽松货币政策的第一步。</blockquote></p><p> “In light of the substantial further progress the economy has made toward the committee’s goals since last December, the Committee decided to begin reducing the monthly pace of its net asset purchases,” the policy-setting Federal Open Market Committee said in its updated policy statement Wednesday.</p><p><blockquote>制定政策的联邦公开市场委员会在更新的政策中表示：“鉴于自去年12月以来经济在实现委员会目标方面取得了实质性进展，委员会决定开始降低每月净资产购买的步伐。”周三声明。</blockquote></p><p> Since the depths of the pandemic, the central bank has been directly buying U.S. Treasuries and agency mortgage-backed securities to signal its support of the economic recovery. As of now, the Fed is pacing its purchases at a clip of about $120 billion per month.</p><p><blockquote>自疫情最严重以来，央行一直在直接购买美国国债和机构抵押贷款支持证券，以表明其对经济复苏的支持。截至目前，美联储正以每月约1200亿美元的速度进行购买。</blockquote></p><p> But the Fed said Wednesday it will gradually slow the pace of those purchases by about $15 billion per month, as part of a plan to bring its so-called quantitative easing program to a full stop by the middle of next year. The taper will begin “later this month” and will continue at that $15 billion pace through December, although the FOMC clarified it could change the pace of taper as needed.</p><p><blockquote>但美联储周三表示，将逐步放慢每月约150亿美元的购买速度，作为明年年中全面停止所谓量化宽松计划计划的一部分。taper将于“本月晚些时候”开始，并将以150亿美元的速度持续到12月，尽管FOMC澄清可能会根据需要改变taper的速度。</blockquote></p><p> “The Committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook,” the FOMC statement reads.</p><p><blockquote>FOMC声明中写道：“委员会判断，每个月类似地减少净资产购买速度可能是适当的，但如果经济前景变化需要，它准备调整购买速度。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/058871f82218754bee91923d0b234360\" tg-width=\"712\" tg-height=\"625\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The FOMC still maintained short-term interest rates at near zero. The decision on rates and taper was unanimous.</p><p><blockquote>FOMC仍将短期利率维持在接近零的水平。关于利率和缩减的决定是一致的。</blockquote></p><p> The Fed statement continued to double down on its view that high inflation readings will prove to be “transitory,” noting that “supply and demand imbalances related to the pandemic and the reopening of the economy have contributed to sizable price increases in some sectors.”</p><p><blockquote>美联储声明继续加倍强调其观点，即高通胀读数将被证明是“暂时的”，并指出“与大流行和经济重新开放相关的供需失衡导致一些行业的价格大幅上涨。”</blockquote></p><p> Anticipation for a Fed taper has ramped up discussion over the policy-setting Federal Open Market Committee’s next steps: raising interest rates.</p><p><blockquote>对美联储缩减规模的预期加剧了对制定政策的联邦公开市场委员会下一步措施的讨论：加息。</blockquote></p><p> Fed officials have made it clear that the timing of taper has no direct implications for the timing of raising short-term borrowing costs from the current setting of near zero.</p><p><blockquote>美联储官员已经明确表示，taper的时机对将短期借贷成本从目前接近零的水平上调的时机没有直接影响。</blockquote></p><p> But markets appear to be getting ahead of the Fed. As Powell and other Fed officials&nbsp;all but signaled that taper was coming, bets on interest rates reflected expectations for a more hawkish cycle of Fed rate hikes through 2022.</p><p><blockquote>但市场似乎走在了美联储的前面。随着鲍威尔和其他美联储官员几乎暗示taper即将到来，对利率的押注反映了对2022年美联储加息周期更加鹰派的预期。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6928c3f025ea9b6f8e419d7dc98bced8\" tg-width=\"705\" tg-height=\"407\" width=\"100%\" height=\"auto\"><span>Fed funds futures contracts traded on the Chicago Mercantile Exchange show markets pricing in a decent likelihood of two to four interest rate hikes by the end of next year. Source: CME FedWatch</span></p><p><blockquote><p class=\"t-img-caption\"><span>芝加哥商品交易所交易的联邦基金期货合约显示，市场定价到明年年底加息两到四次的可能性很大。资料来源：CME FedWatch</span></p></blockquote></p><p> Headed into Wednesday afternoon’s announcement, Fed funds futures contracts priced in a strong chance that the central bank will have hiked rates at least three times by the end of 2022. Those expectations ratcheted up in the four weeks leading up to the Fed’s taper announcement.</p><p><blockquote>在周三下午宣布这一消息之前，联邦基金期货合约定价为央行到2022年底至少加息三次的可能性很大。在美联储宣布缩减购债规模之前的四周内，这些预期不断上升。</blockquote></p><p> The central bank’s next policy-setting announcement is scheduled to take place Dec. 14 and 15.</p><p><blockquote>央行的下一次政策制定公告定于12月14日至15日发布。</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-november-2021-140503059.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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-november-2021-140503059.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124664323","content_text":"The Federal Reserve on Wednesday said it would start slowing its pace of asset purchases, the first step in paring back its COVID-era easy money policies.\n“In light of the substantial further progress the economy has made toward the committee’s goals since last December, the Committee decided to begin reducing the monthly pace of its net asset purchases,” the policy-setting Federal Open Market Committee said in its updated policy statement Wednesday.\nSince the depths of the pandemic, the central bank has been directly buying U.S. Treasuries and agency mortgage-backed securities to signal its support of the economic recovery. As of now, the Fed is pacing its purchases at a clip of about $120 billion per month.\nBut the Fed said Wednesday it will gradually slow the pace of those purchases by about $15 billion per month, as part of a plan to bring its so-called quantitative easing program to a full stop by the middle of next year. The taper will begin “later this month” and will continue at that $15 billion pace through December, although the FOMC clarified it could change the pace of taper as needed.\n“The Committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook,” the FOMC statement reads.\n\nThe FOMC still maintained short-term interest rates at near zero. The decision on rates and taper was unanimous.\nThe Fed statement continued to double down on its view that high inflation readings will prove to be “transitory,” noting that “supply and demand imbalances related to the pandemic and the reopening of the economy have contributed to sizable price increases in some sectors.”\nAnticipation for a Fed taper has ramped up discussion over the policy-setting Federal Open Market Committee’s next steps: raising interest rates.\nFed officials have made it clear that the timing of taper has no direct implications for the timing of raising short-term borrowing costs from the current setting of near zero.\nBut markets appear to be getting ahead of the Fed. As Powell and other Fed officials all but signaled that taper was coming, bets on interest rates reflected expectations for a more hawkish cycle of Fed rate hikes through 2022.\nFed funds futures contracts traded on the Chicago Mercantile Exchange show markets pricing in a decent likelihood of two to four interest rate hikes by the end of next year. Source: CME FedWatch\nHeaded into Wednesday afternoon’s announcement, Fed funds futures contracts priced in a strong chance that the central bank will have hiked rates at least three times by the end of 2022. Those expectations ratcheted up in the four weeks leading up to the Fed’s taper announcement.\nThe central bank’s next policy-setting announcement is scheduled to take place Dec. 14 and 15.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1572,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849506132,"gmtCreate":1635763506063,"gmtModify":1635763506063,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/849506132","repostId":"1128592931","repostType":4,"repost":{"id":"1128592931","kind":"news","pubTimestamp":1635762527,"share":"https://www.laohu8.com/m/news/1128592931?lang=zh_CN&edition=full","pubTime":"2021-11-01 18:28","market":"us","language":"en","title":"Economic Data Scheduled For Monday<blockquote>经济数据定于周一公布</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128592931","media":"Benzinga","summary":"The manufacturing PMI for October is scheduled for release at 9:45 a.m. ET. The flash reading slowed","content":"<p><div> The manufacturing PMI for October is scheduled for release at 9:45 a.m. ET. The flash reading slowed in October, but still remained very strong at 59.2. Analysts, meanwhile, expect final October’s ...</p><p><blockquote><div>10月份制造业PMI定于美国东部时间上午9:45发布。10月份的闪存读数有所放缓，但仍保持在59.2。与此同时，分析师预计10月份的最终...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/23782585/economic-data-scheduled-for-monday\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/23782585/economic-data-scheduled-for-monday\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Economic Data Scheduled For Monday<blockquote>经济数据定于周一公布</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\">\nEconomic Data Scheduled For Monday<blockquote>经济数据定于周一公布</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-01 18:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The manufacturing PMI for October is scheduled for release at 9:45 a.m. ET. The flash reading slowed in October, but still remained very strong at 59.2. Analysts, meanwhile, expect final October’s ...</p><p><blockquote><div>10月份制造业PMI定于美国东部时间上午9:45发布。10月份的闪存读数有所放缓，但仍保持在59.2。与此同时，分析师预计10月份的最终...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/23782585/economic-data-scheduled-for-monday\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/23782585/economic-data-scheduled-for-monday\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/11/23782585/economic-data-scheduled-for-monday\">Benzinga</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":{},"source_url":"https://www.benzinga.com/news/21/11/23782585/economic-data-scheduled-for-monday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128592931","content_text":"The manufacturing PMI for October is scheduled for release at 9:45 a.m. ET. The flash reading slowed in October, but still remained very strong at 59.2. Analysts, meanwhile, expect final October’s reading to remain unchanged at 59.2\nThe ISM manufacturing index for October will be released at 10:00 a.m. ET. The ISM index is expected to decline slightly to 60.3 in October from previous reading of 61.1.\nData on construction spending for September will be released at 10:00 a.m. ET. Analysts expect construction spending rising 0.5% in September after coming in unchanged in August.\nThe Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849506986,"gmtCreate":1635763478170,"gmtModify":1635763478221,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/849506986","repostId":"2179250221","repostType":4,"repost":{"id":"2179250221","kind":"news","pubTimestamp":1635721559,"share":"https://www.laohu8.com/m/news/2179250221?lang=zh_CN&edition=full","pubTime":"2021-11-01 07:05","market":"us","language":"en","title":"Federal Reserve decision, October jobs report: What to know this week<blockquote>美联储决定、十月就业报告：本周需要了解什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2179250221","media":"Yahoo Finance","summary":"The Federal Reserve's forthcoming monetary policy meeting will be in focus this week, and may set th","content":"<p><div> The Federal Reserve's forthcoming monetary policy meeting will be in focus this week, and may set the stage for a long-awaited announcement of asset-purchase tapering. Meanwhile, traders will also ...</p><p><blockquote><div>美联储即将召开的货币政策会议将成为本周的焦点，并可能为期待已久的资产购买缩减公告奠定基础。与此同时，交易者也将...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">网页连接</a></blockquote></p><p></p>","source":"yahoofinance_au","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 decision, October jobs report: What to know this week<blockquote>美联储决定、十月就业报告：本周需要了解什么</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\">\nFederal Reserve decision, October jobs report: What to know this week<blockquote>美联储决定、十月就业报告：本周需要了解什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo Finance</strong><span class=\"h-time small\">2021-11-01 07:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The Federal Reserve's forthcoming monetary policy meeting will be in focus this week, and may set the stage for a long-awaited announcement of asset-purchase tapering. Meanwhile, traders will also ...</p><p><blockquote><div>美联储即将召开的货币政策会议将成为本周的焦点，并可能为期待已久的资产购买缩减公告奠定基础。与此同时，交易者也将...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">Yahoo Finance</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","APO":"阿波罗全球管理","ATVI":"动视暴雪","RL":"拉夫劳伦","BLMN":"Bloomin' Brands","UBER":"优步",".IXIC":"NASDAQ Composite","EL":"雅诗兰黛",".SPX":"S&P 500 Index","PFE":"辉瑞","CRSR":"Corsair Gaming, Inc.","COP":"康菲石油","CLX":"高乐氏"},"source_url":"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2179250221","content_text":"The Federal Reserve's forthcoming monetary policy meeting will be in focus this week, and may set the stage for a long-awaited announcement of asset-purchase tapering. Meanwhile, traders will also await more data on the U.S. economic recovery with the Labor Department's monthly jobs report later this week.\nThe Federal Open Market Committee's (FOMC) November meeting will take place from Tuesday to Wednesday, with the policy statement and press conference from the meeting serving as the central bank's penultimate opportunity this year to announce formal plans to begin rolling back its crisis-era quantitative easing program. For the past year-and-a-half, the central bank has been purchasing $120 billion per month in agency mortgage-backed securities and Treasuries, as one major tool to support the economy during the pandemic.\nIn late September, the FOMC's latest monetary policy statement and press conference from Federal Reserve Chair Jerome Powell suggested the central bank was apt to announce the start of tapering before year-end, and continue the tapering process until \"around the middle of next year.\"\n\"The upcoming FOMC meeting will be important for three reasons: 1) the announcement of tapering; 2) guidance around what tapering means for the path of hikes; and 3) nuanced changes in views around inflation risks given recent data,\" wrote Bank of America economist Michelle Meyer in a note.\n\"The statement that announces the new pace of asset purchases will be followed by a note regarding flexibility stating that asset purchases are not on a pre-set course and will depend on the outlook for the labor market and inflation as well as an assessment of the efficacy of asset purchases,\" she predicted.\nShe noted that Powell may also use the press conference to reiterate that the end of tapering would not necessarily indicate the start of rate hikes, and that both policy actions are distinct. In previous public remarks, Powell has already made a similar point in previous public remarks, saying, \"the timing and pace of the coming reduction in asset purchases will not be intended to carry a direct signal regarding the timing of interest rate liftoff.\"\nGiven the market has been anticipating the start to tapering for months now, speculation around when the Fed will make a move on interest rates has become a point of particular interest to investors. Investors and economists have mulled whether the Fed may need to act more quickly than previously telegraphed on adjusting interest rates to stave off inflation, which has proven more long-lasting than some had suggested.\nWASHINGTON, DC - SEPTEMBER 24: Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill on September 24, 2020 in Washington, DC. Powell and U.S. Treasury Secretary Steve Mnuchin are testifying about the CARES Act and the economic effects of the coronavirus pandemic. (Photo by Drew Angerer/Getty Images)Drew Angerer via Getty Images\nIn September, core personal consumption expenditures — the Fed's preferred gauge of underlying inflation — rose 3.6% over last year for a fourth consecutive month, coming in at the fastest clip since 1991. And earlier this month, Powell acknowledged in public remarks that the supply chain constraints and shortages that spurred the latest rise in prices are \"likely to last longer than previously expected, likely well into next year.\"\nWhile the central bank will not release an updated Summary of Economic Projections with their policy statement on Wednesday, the latest projections from the September meeting suggested the committee was split on rate hikes for 2022, with nine members seeing no rate hikes by the end of next year while the other nine members saw at least one hike.\n\"I think the Fed has pretty well determined to start the taper pretty quickly. We expect them to announce it next week and then start it soon thereafter, so that's pretty well carved in stone,\" Kathy Jones, Charles Schwab chief fixed income strategist, told Yahoo Finance Live last week. \"I think the big debate now is how quickly the Fed moves toward actually raising rates. The expectation in the market has really shifted to expecting as many as two rate hikes in 2022 and 2023 ... that’s a pretty aggressive pace of tightening.\"\nOctober jobs report\nOne of this week's most closely watched pieces of economic data will be the October jobs report, which is due for release on Friday from the Labor Department.\nEconomists are looking to see a pick-up in the pace of hiring for October after a disappointing print in September, when just 194,000 non-farm payrolls returned versus the half million expected. Over the past two months, payroll gains averaged at just 280,000. The unemployment rate is expected to take another small step toward pre-pandemic levels in October as well, with the jobless rate anticipated to dip to 4.7% from 4.8% the prior month.\nStill, the labor market has still fallen short its pre-pandemic conditions on a number of fronts. The unemployment rate has yet to return to its 50-year low of 3.5% from February 2020. And as of September, the civilian labor force was still down by about 3.1 million individuals from pre-virus levels.\nOne factor weighing on the labor market in August and September was the Delta variant, which may have deterred some workers from seeking employment in person for risk of infection. And an ongoing element dragging on the labor market's recovery has been a mismatch of supply and demand, with employers struggling to fill a near-record number of job openings while voluntary quits jumped to a historically high level.\n\"Next week’s October payrolls report will shed light on whether supply eased on diminishing constraints or if the labor market continues to face headwinds for now,\" wrote Rubeela Farooqi, chief U.S. economist for High Frequency Economics, in a note last week.\nBut some data from the past couple weeks has reflected favorably on conditions in the labor market in October. Weekly new unemployment claims broke below 300,000 for the first time since the start of the pandemic during the survey week for the October jobs report, or the week that includes the 12th of the month. And in the Conference Board's October Consumer Confidence Index, just 10.6% of consumers said jobs were \"hard to get,\" down from 13.0% in September. That brought the Conference Board's closely watched labor market differential, or percentage of consumers saying jobs are \"hard to get\" subtracted from the percentage saying jobs \"are plentiful,\" to 45, or its highest level since 2000.\nEconomic calendar\n\nMonday: Markit U.S. Manufacturing PMI, Oct. final (59.3 expected, 59.2 in September); Constructing spending, month-over-month, September (0.4% expected, 0.0% in August); ISM Manufacturing Index, Oct. (60.5 expected, 61.1 in September)\nTuesday: No notable reports scheduled for release\nWednesday: MBA Mortgage Applications, week ended Oct. 29 (0.3% during prior week); ADP Employment Change, Oct. (400,000 expected, 568,000 in September); ISM Services Index, October (62.0 expected, 61.9 in September); Factory Orders, September (-0.1% expected, 1.2% in August); Durable goods orders, September final (-0.4% in prior print; Durable goods orders excluding transportation, September final (0.4% in prior print); Non-defense capital goods orders excluding aircraft, September final (0.8% in prior print); Markit U.S. Services PMI, October final (58.2 expected, 58.2 in prior print); Markit U.S. Composite PMI, October final (57.3 in prior print); Federal Open Market Committee monetary policy decision\nThursday: Challenger job cuts, year-over-year, October (-84.9% in September); Initial jobless claims, week ended Oct. 30 (275,000 expected, 281,000 during prior week); Continuing claims, week ended Oct. 23 (2.147 million expected, 2.243 million during prior week); Non-farm productivity, Q3 preliminary (-3.2% expected, 2.1% in Q2); Unit Labor Costs, Q3 preliminary (6.9% expected, 1.3% in Q2); Trade balance, September (-$80.1 billion expected, -$73.3 billion in August)\nFriday: Change in non-farm payrolls, October (450,000 expected, 194,000 in September); Unemployment rate, October (4.7% expected, 4.8% in September); Average hourly earnings, month-over-month, October (4.7% expected, 4.8% in September); Average hourly earnings, year-over-year, October (4.9% expected, 4.6% in September); Labor Force Participation Rate, October (61.8% expected, 61.6% in September); Consumer Credit, September ($16.200 billion expected, $14.379 million in August)\n\nEarnings calendar\n\nMonday: Clorox (CLX), Avis Budget Group (CAR), ZoomInfo Technologies (ZI), Chegg Inc. (CHGG), Diamondback Energy (FANG), The Simon Property Group (SPG) after market close\nTuesday: Under Armour (UAA), Estee Lauder (EL), Ralph Lauren (RL), Apollo Global Management (APO), Corsair Gaming (CRSR), Bloomin' Brands (BLMN), ConocoPhillips (COP), Pfizer (PFE), Groupon (GPN), Marathon Petroleum (MPC) before market open; Mondelez (MDLZ), T-Mobile (TMUS), Akamai (AKAM), Activision Blizzard (ATVI), Lyft (LYFT), Match Group (MTCH), Devon Energy (DVN), Chesapeake Energy (CHK), Coursera (COUR), Zillow Group (ZG), Amgen (AMGN) after market close\nWednesday: Humana (HUM), Discovery Inc. (DISCA), The New York Times (NYT), Norwegian Cruise Line Holdings (NCLH), Marriott International (MAR), CVS Health Corp. (CVS), Sinclair Broadcast Group (SBGI) before market open; Booking Holdings (BKNG), Qorvo (QRVO), The Allstate Corp. (ALL), MGM Resorts International (MGM), $Take-Two Interactive Software(TTWO)$ (TTWO), Electronic Arts (EA), Vimeo (VMEO), Etsy (ETSY), GoDaddy (GDDY), Marathon Oil Corp. (MRO), Roku (ROKU), Qualcomm (QCOM) after market close\nThursday: Cigna (CI), Wayfair (W), ViacomCBS (VIAC), Nikola (NKLA), Duke Energy (DUK), Citrix Systems (CTXS), Regeneron Pharmaceuticals (REGN), Hanesbrands (HBI), Moderna (MRNA), Planet Fitness (PLNT), Vulcan Material (VMC), Kellogg (K), Square (SQ), Cloudflare (NET), Occidental Petroleum (OXY), Uber Technologies (UBER), American International Group (AIG), Shake Shack (SHAK), iHeartMedia (IHRT), Novavax (NVAX), IAC Interactive Corp. (IAC), Peloton (PTON), Dropbox (DBX), DataDog (DDOG), Pinterest (PINS), Skyworks Solutions (SWKS), Expedia (EXPE), Rocket Cos. (RKT), Live Nation Entertainment (LYV), Airbnb (ABNB)\nFriday: Wynn Resorts (WYNN), Dish Networks (DISH), Dominion Energy (D), DraftKings (DKNG), Goodyear Tire and Rubber (GT), Cinemark Holdings (CNK) before market open","news_type":1,"symbols_score_info":{"UBER":0.9,"CRSR":0.9,".IXIC":0.9,".DJI":0.9,"APO":0.9,"CLX":0.9,"BLMN":0.9,"ATVI":0.9,"PFE":0.9,"RL":0.9,"COP":0.9,".SPX":0.9,"EL":0.9}},"isVote":1,"tweetType":1,"viewCount":799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":852936305,"gmtCreate":1635232947213,"gmtModify":1635232947307,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/852936305","repostId":"1125399259","repostType":4,"repost":{"id":"1125399259","kind":"news","pubTimestamp":1635225667,"share":"https://www.laohu8.com/m/news/1125399259?lang=zh_CN&edition=full","pubTime":"2021-10-26 13:21","market":"us","language":"en","title":"Cloudflare: Big Gains Made As Investors Brace For Earnings<blockquote>Cloudflare：投资者为盈利做好准备，取得巨大收益</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125399259","media":"Seeking Alpha","summary":"Summary\n\nCloudflare has once again experienced huge gains in a very short period of time.\nThe reason","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Cloudflare has once again experienced huge gains in a very short period of time.</li>  <li>The reasons for this are multiple, however they seem to return to the company's necessary nature and leadership from Matthew Prince.</li>  <li>Earnings are around the corner and investors are likely bracing for impact due to the high valuation of this stock.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5bd63105e871f3b7086e6743081853b5\" tg-width=\"1536\" tg-height=\"1022\" width=\"100%\" height=\"auto\"><span>Steve Jennings/Getty Images Entertainment</span></p><p><blockquote><ul><li>Cloudflare再次在很短的时间内获得了巨大的收益。</li><li>造成这种情况的原因是多方面的，但它们似乎可以追溯到公司的必要性质和马修·普林斯的领导力。</li><li>盈利即将到来，由于该股估值较高，投资者可能会受到影响。</li></ul><p class=\"t-img-caption\"><span>史蒂夫·詹宁斯/盖蒂图片社</span></p></blockquote></p><p> <b>Investment Thesis For NET Stock:</b></p><p><blockquote><b>净股票的投资论点：</b></blockquote></p><p> Cloudflare, Inc.(NYSE:NET)(also \"the Company\" hereafter) is an innovative company in the evolution into the cloud, edge computing and the internet of things (IoT). 25 million internet properties count on Cloudflare to provide security and performance. The Company has a vast and growing total addressable market (TAM) expected to reach over $100B in a few short years and has experienced massive growth. The stock has again reached all-time highs and is up over 60%&nbsp;since my previous article&nbsp;in only three weeks, as shown below. The big question is: is there any upside left?</p><p><blockquote>Cloudflare，Inc.（纽约证券交易所代码：NET）（以下简称“公司”）是一家向云、边缘计算和物联网（IoT）发展的创新公司。2500万互联网资产依靠Cloudflare提供安全性和性能。该公司拥有庞大且不断增长的总潜在市场(TAM)，预计在短短几年内将达到1000亿美元以上，并且经历了巨大的增长。该股再次创下历史新高，自我上一篇文章以来仅三周内就上涨了60%以上，如下所示。最大的问题是：还有上升空间吗？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/293a69c29d5824b489e8d5431648afba\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>The Pandemic Revealed Cloudflare's Indispensability</b></p><p><blockquote><b>疫情揭示了Cloudflare的不可或缺性</b></blockquote></p><p> At the onset of the pandemic, almost everything moved online. Schools were being taught virtually. Restaurants who would normally have a majority of in-person patrons were taking orders mostly online. Grocery delivery skyrocketed. And perhaps the most drastic change, employees were working from home (WFH) in record numbers.</p><p><blockquote>疫情爆发时，几乎所有东西都转移到了网上。学校是虚拟教学。通常会有大多数面对面顾客的餐馆主要在网上接受订单。杂货配送猛增。也许最剧烈的变化是，在家工作（WFH）的员工数量创历史新高。</blockquote></p><p> The results are clear to see in this graphic. Internet traffic exploded around the globe.</p><p><blockquote>结果在这张图中清晰可见。全球互联网流量爆炸式增长。</blockquote></p><p>   “We sit in front of more than 10 percent of all websites, so we have a pretty representative sample of how traffic patterns change in response to events globally,”- Matthew Prince.  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/70ea8221521dc964fb56c2c20faec268\" tg-width=\"640\" tg-height=\"415\" width=\"100%\" height=\"auto\"><span>Source: Cloudflare.</span></p><p><blockquote>马修·普林斯（Matthew Prince）表示：“我们拥有超过10%的网站，因此我们有一个非常有代表性的样本，可以了解流量模式如何随着全球事件而变化。”<p class=\"t-img-caption\"><span>来源：Cloudflare。</span></p></blockquote></p><p> During this time, attacks also increased exponentially. This included attacks on critical infrastructure like hospitals.According to Cloudflare, attack traffic was up significantly from January 2020 to March through May 2020 on healthcare centers.</p><p><blockquote>在此期间，攻击也呈指数级增长。这包括对医院等关键基础设施的攻击。根据Cloudflare的数据，从2020年1月到2020年3月至5月，医疗保健中心的攻击流量大幅上升。</blockquote></p><p> The increase in traffic, however, was no great sweat to Cloudflare's systems which handle&nbsp;DDoS attacks&nbsp;which are exponentially more traffic than even the height of the pandemic's increased traffic. In fact, in summer of 2021 Cloudflare&nbsp;deflected such an attack&nbsp;that was 3x larger than any other noted on record. The single attack produced nearly 70% of the total of all legitimate traffic. The attacks were deflected successfully and automatically.</p><p><blockquote>然而，流量的增加对Cloudflare处理DDoS攻击的系统来说并不是什么大问题，这些攻击的流量甚至比疫情增加的流量还要多。事实上，在2021年夏天，Cloudflare抵御了这样一次攻击，其规模是有记录以来任何其他攻击的3倍。单次攻击产生了所有合法流量总量的近70%。攻击被成功地自动偏转了。</blockquote></p><p> We also had a fairly important election season in 2020 which you may remember. In 2017 the Department of Homeland Security reported that 21 states had voter registration files and websites targeted. Cloudflare developed Athenian Project to provide protection to state and local governments' voter related sites - for free. There are several case studies from local and state government internet security personnel and technology executives. Cloudflare states that there are over 120,000 threats per day to election sites nationwide. Yet, there were no major stories of local or state level hacks during the previous cycle. To this end, Cloudflare also mitigated over 77M threats to campaign websites over a six month period with&nbsp;Cloudflare for Campaigns.</p><p><blockquote>我们在2020年也有一个相当重要的选举季，你可能还记得。2017年，国土安全部报告称，21个州的选民登记文件和网站成为目标。Cloudflare开发了Athenian项目，为州和地方政府的选民相关网站提供免费保护。有几个来自地方和州政府互联网安全人员和技术高管的案例研究。Cloudflare表示，全国范围内每天有超过120,000个选举网站受到威胁。然而，在上一个周期中，没有发生地方或州级黑客攻击的重大事件。为此，Cloudflare还通过Cloudflare for Campaigns在六个月内缓解了超过7700万次针对活动网站的威胁。</blockquote></p><p> In September 2021 Cloudflare announced an initiative into email security. Phishing is the most common type of attack on enterprises according to the FBI. Cloudflare will be providing its Advanced Email Security Suite to customers as a fully integrated solution.</p><p><blockquote>2021年9月，Cloudflare宣布了一项针对电子邮件安全的计划。根据联邦调查局的说法，网络钓鱼是对企业最常见的攻击类型。Cloudflare将向客户提供其高级电子邮件安全套件作为完全集成的解决方案。</blockquote></p><p> The bottom line is that Cloudflare has become a necessity to keeping the world moving that many people may not even be aware of.</p><p><blockquote>底线是Cloudflare已经成为保持世界运转的必需品，而许多人可能甚至没有意识到这一点。</blockquote></p><p> <b>Matthew Prince's Leadership</b></p><p><blockquote><b>马修·普林斯的领导力</b></blockquote></p><p> Matthew Prince has a very public role in the company. However, he is not a promotional mouthpiece. When he speaks, he does so on the needs of their customers, the needs of enterprises and individuals, and what Cloudflare seeks to provide. Prince is a regular on major financial networks and several videos and fireside chats can be found on YouTube.</p><p><blockquote>马修·普林斯在公司中扮演着非常公开的角色。然而，他不是一个宣传喉舌。当他发言时，他会根据客户的需求、企业和个人的需求以及Cloudflare寻求提供的服务。普林斯是主要金融网络的常客，在YouTube上可以找到一些视频和炉边聊天。</blockquote></p><p> Matthew Prince is also no stranger to emergency situations at Cloudflare. Serious outages have affected the company. He has been lauded for his leadership and communication during these incidents, even when the outages may only last for minutes.</p><p><blockquote>Matthew Prince对Cloudflare的紧急情况也并不陌生。严重的停电影响了公司。他因在这些事件中的领导和沟通而受到称赞，即使停电可能只持续几分钟。</blockquote></p><p></p><p>   \"We built Cloudflare with a mission of helping build a better Internet and, this morning, we didn't live up to that,\"Cloudflare CEO Matthew Prince told  <i>DCD</i>. \"I take personal responsibility for that. And so I think that that it's disappointing, and it's painful.\"  I believe customers value this level of openness, quickness to communicate, and personal responsibility.</p><p><blockquote>Cloudflare首席执行官马修·普林斯(Matthew Prince)表示：“我们构建Cloudflare的使命是帮助构建更好的互联网，但今天早上，我们没有实现这一目标。”<i>DCD</i>“我对此负有个人责任。所以我认为这是令人失望和痛苦的。”我相信客户重视这种程度的开放性、沟通的速度和个人责任感。</blockquote></p><p> He has an excellent grasp on the various issues facing the internet, including the differing regulations and upcoming changes to laws in many countries throughout the world. One example is the Digital Services Act in the European Union. And why not? He has an MBA from Harvard, a Law Degree from the University of Chicago, and a computer science degree, among other qualifications. Co-founder, COO, and Director Michelle Zatlyn also has a strong pedigree with a Harvard MBA and having served as Head of User Experience for several years prior to this role.</p><p><blockquote>他非常了解互联网面临的各种问题，包括世界上许多国家的不同法规和即将到来的法律变化。一个例子是欧盟的《数字服务法》。为什么不呢？他拥有哈佛大学的MBA学位、芝加哥大学的法律学位和计算机科学学位等资格。联合创始人、首席运营官兼董事米歇尔·扎特林(Michelle Zatlyn)也拥有哈佛MBA学位，在此之前曾担任用户体验主管数年。</blockquote></p><p> <b>Hitting On The Numbers</b></p><p><blockquote><b>击中数字</b></blockquote></p><p> I have previously delved deeper into the quantitative aspects of the company. Cloudflare will report on November 4th and estimates for revenue average $165M for the quarter. This would be an 8% increase over Q2 2021. Year over year, Q2 2021 revenues were over 52% above Q2 2020. Estimates for forward growth are over 33% for fiscal 2022.</p><p><blockquote>我之前曾深入研究过公司的量化方面。Cloudflare将于11月4日发布报告，预计本季度平均收入为1.65亿美元。这将比2021年第二季度增长8%。与去年同期相比，2021年第二季度的收入比2020年第二季度增长了52%以上。预计2022财年的未来增长率将超过33%。</blockquote></p><p> Cloudflare has some excellent metrics that will assist in achieving profits once the company has scaled. First, the gross margin has reached 77% over the prior three quarters. This is higher than most companies in this industry. Another metric to watch will be the increase in paying customers and paying customers providing over $100k in annual recurring revenue (ARR). The Q2 figures were very impressive and represented a 32% gain over the prior year for total paying customers, as shown below.</p><p><blockquote>Cloudflare有一些出色的指标，一旦公司扩大规模，这些指标将有助于实现利润。首先，前三季度毛利率达到77%。这高于该行业的大多数公司。另一个值得关注的指标是付费客户和年度经常性收入(ARR)超过10万美元的付费客户的增长。第二季度的数据非常令人印象深刻，付费客户总数比上一年增长了32%，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/277d56301a9537a8aad8ebfdd8114535\" tg-width=\"640\" tg-height=\"385\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from company earnings calls.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者用评级公司收益数据创建的图表。</span></p></blockquote></p><p> The data is even more impressive with the increase in large customers or those who provide over $100,000 in ARR. The chart below depicts these gains.</p><p><blockquote>随着大客户或ARR超过100,000美元的客户的增加，数据更加令人印象深刻。下图描述了这些收益。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4adf1187db4f952b514069ceed3deb56\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from company earnings calls.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者用评级公司收益数据创建的图表。</span></p></blockquote></p><p> Cloudflare's valuation has once again appeared to outrun the short-term fundamentals, however there is still a long-term opportunity with this indispensable company. A short-term pullback would not surprise me after the earnings call. The fact is that even a blowout quarter will make the valuation tough to justify<i>at this point</i>. I believe the company will continue to grow and become quite profitable as it scales in the coming years.</p><p><blockquote>Cloudflare的估值似乎再次超过了短期基本面，但这家不可或缺的公司仍然存在长期机会。在盈利看涨期权之后，短期回调不会让我感到惊讶。事实是，即使是一个井喷的季度，估值也很难证明其合理性<i>在这一点上</i>.我相信该公司将继续增长，并在未来几年随着规模的扩大而变得相当盈利。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> In my previous article on Cloudflare I noted that pullbacks in this stock signal opportunities.</p><p><blockquote>在我之前关于Cloudflare的文章中，我指出该股票的回调预示着机会。</blockquote></p><p>   \"The 17% pullback on no company-specific negative news is the essence of this approach. Stocks like NET are prone to taking the escalator up and then quick elevator pullbacks.\"  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdeb92f1280ebab6cf7bfd0d2c9f84c8\" tg-width=\"640\" tg-height=\"430\" width=\"100%\" height=\"auto\"><span>NET Stock Chart With Author's Annotations</span></p><p><blockquote>“在没有公司特定负面消息的情况下回调17%是这种方法的本质。像NET这样的股票很容易乘坐自动扶梯上升，然后快速电梯回调。”<p class=\"t-img-caption\"><span>带作者注释的净股票图表</span></p></blockquote></p><p> Since this pullback the stock has gained well over 50%.</p><p><blockquote>自此次回调以来，该股已上涨超过50%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9c398be2230ad658874bd2f76b0b197\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> I consider this to signal a recognition from investors and institutions that Cloudflare has an immensely bright future. Earnings will be a test of investor confidence on this stock and I would not be surprised to see a significant pullback, although likely still substantially above the prior pullback level. It is also entirely possible that management hits a home run and the stock runs higher. As always it is best to accumulate shares over time to manage short-term risks. The thesis remains the same: I consider any short-term pullback an accumulation opportunity in NET stock.</p><p><blockquote>我认为这标志着投资者和机构认识到Cloudflare拥有非常光明的未来。盈利将是对投资者对该股信心的考验，如果出现大幅回调，我不会感到惊讶，尽管可能仍远高于之前的回调水平。管理层也完全有可能打出全垒打，股价走高。一如既往，最好随着时间的推移积累股票以管理短期风险。论点保持不变：我认为任何短期回调都是净股票的积累机会。</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>Cloudflare: Big Gains Made As Investors Brace For Earnings<blockquote>Cloudflare：投资者为盈利做好准备，取得巨大收益</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\">\nCloudflare: Big Gains Made As Investors Brace For Earnings<blockquote>Cloudflare：投资者为盈利做好准备，取得巨大收益</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-10-26 13:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Cloudflare has once again experienced huge gains in a very short period of time.</li>  <li>The reasons for this are multiple, however they seem to return to the company's necessary nature and leadership from Matthew Prince.</li>  <li>Earnings are around the corner and investors are likely bracing for impact due to the high valuation of this stock.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5bd63105e871f3b7086e6743081853b5\" tg-width=\"1536\" tg-height=\"1022\" width=\"100%\" height=\"auto\"><span>Steve Jennings/Getty Images Entertainment</span></p><p><blockquote><ul><li>Cloudflare再次在很短的时间内获得了巨大的收益。</li><li>造成这种情况的原因是多方面的，但它们似乎可以追溯到公司的必要性质和马修·普林斯的领导力。</li><li>盈利即将到来，由于该股估值较高，投资者可能会受到影响。</li></ul><p class=\"t-img-caption\"><span>史蒂夫·詹宁斯/盖蒂图片社</span></p></blockquote></p><p> <b>Investment Thesis For NET Stock:</b></p><p><blockquote><b>净股票的投资论点：</b></blockquote></p><p> Cloudflare, Inc.(NYSE:NET)(also \"the Company\" hereafter) is an innovative company in the evolution into the cloud, edge computing and the internet of things (IoT). 25 million internet properties count on Cloudflare to provide security and performance. The Company has a vast and growing total addressable market (TAM) expected to reach over $100B in a few short years and has experienced massive growth. The stock has again reached all-time highs and is up over 60%&nbsp;since my previous article&nbsp;in only three weeks, as shown below. The big question is: is there any upside left?</p><p><blockquote>Cloudflare，Inc.（纽约证券交易所代码：NET）（以下简称“公司”）是一家向云、边缘计算和物联网（IoT）发展的创新公司。2500万互联网资产依靠Cloudflare提供安全性和性能。该公司拥有庞大且不断增长的总潜在市场(TAM)，预计在短短几年内将达到1000亿美元以上，并且经历了巨大的增长。该股再次创下历史新高，自我上一篇文章以来仅三周内就上涨了60%以上，如下所示。最大的问题是：还有上升空间吗？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/293a69c29d5824b489e8d5431648afba\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>The Pandemic Revealed Cloudflare's Indispensability</b></p><p><blockquote><b>疫情揭示了Cloudflare的不可或缺性</b></blockquote></p><p> At the onset of the pandemic, almost everything moved online. Schools were being taught virtually. Restaurants who would normally have a majority of in-person patrons were taking orders mostly online. Grocery delivery skyrocketed. And perhaps the most drastic change, employees were working from home (WFH) in record numbers.</p><p><blockquote>疫情爆发时，几乎所有东西都转移到了网上。学校是虚拟教学。通常会有大多数面对面顾客的餐馆主要在网上接受订单。杂货配送猛增。也许最剧烈的变化是，在家工作（WFH）的员工数量创历史新高。</blockquote></p><p> The results are clear to see in this graphic. Internet traffic exploded around the globe.</p><p><blockquote>结果在这张图中清晰可见。全球互联网流量爆炸式增长。</blockquote></p><p>   “We sit in front of more than 10 percent of all websites, so we have a pretty representative sample of how traffic patterns change in response to events globally,”- Matthew Prince.  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/70ea8221521dc964fb56c2c20faec268\" tg-width=\"640\" tg-height=\"415\" width=\"100%\" height=\"auto\"><span>Source: Cloudflare.</span></p><p><blockquote>马修·普林斯（Matthew Prince）表示：“我们拥有超过10%的网站，因此我们有一个非常有代表性的样本，可以了解流量模式如何随着全球事件而变化。”<p class=\"t-img-caption\"><span>来源：Cloudflare。</span></p></blockquote></p><p> During this time, attacks also increased exponentially. This included attacks on critical infrastructure like hospitals.According to Cloudflare, attack traffic was up significantly from January 2020 to March through May 2020 on healthcare centers.</p><p><blockquote>在此期间，攻击也呈指数级增长。这包括对医院等关键基础设施的攻击。根据Cloudflare的数据，从2020年1月到2020年3月至5月，医疗保健中心的攻击流量大幅上升。</blockquote></p><p> The increase in traffic, however, was no great sweat to Cloudflare's systems which handle&nbsp;DDoS attacks&nbsp;which are exponentially more traffic than even the height of the pandemic's increased traffic. In fact, in summer of 2021 Cloudflare&nbsp;deflected such an attack&nbsp;that was 3x larger than any other noted on record. The single attack produced nearly 70% of the total of all legitimate traffic. The attacks were deflected successfully and automatically.</p><p><blockquote>然而，流量的增加对Cloudflare处理DDoS攻击的系统来说并不是什么大问题，这些攻击的流量甚至比疫情增加的流量还要多。事实上，在2021年夏天，Cloudflare抵御了这样一次攻击，其规模是有记录以来任何其他攻击的3倍。单次攻击产生了所有合法流量总量的近70%。攻击被成功地自动偏转了。</blockquote></p><p> We also had a fairly important election season in 2020 which you may remember. In 2017 the Department of Homeland Security reported that 21 states had voter registration files and websites targeted. Cloudflare developed Athenian Project to provide protection to state and local governments' voter related sites - for free. There are several case studies from local and state government internet security personnel and technology executives. Cloudflare states that there are over 120,000 threats per day to election sites nationwide. Yet, there were no major stories of local or state level hacks during the previous cycle. To this end, Cloudflare also mitigated over 77M threats to campaign websites over a six month period with&nbsp;Cloudflare for Campaigns.</p><p><blockquote>我们在2020年也有一个相当重要的选举季，你可能还记得。2017年，国土安全部报告称，21个州的选民登记文件和网站成为目标。Cloudflare开发了Athenian项目，为州和地方政府的选民相关网站提供免费保护。有几个来自地方和州政府互联网安全人员和技术高管的案例研究。Cloudflare表示，全国范围内每天有超过120,000个选举网站受到威胁。然而，在上一个周期中，没有发生地方或州级黑客攻击的重大事件。为此，Cloudflare还通过Cloudflare for Campaigns在六个月内缓解了超过7700万次针对活动网站的威胁。</blockquote></p><p> In September 2021 Cloudflare announced an initiative into email security. Phishing is the most common type of attack on enterprises according to the FBI. Cloudflare will be providing its Advanced Email Security Suite to customers as a fully integrated solution.</p><p><blockquote>2021年9月，Cloudflare宣布了一项针对电子邮件安全的计划。根据联邦调查局的说法，网络钓鱼是对企业最常见的攻击类型。Cloudflare将向客户提供其高级电子邮件安全套件作为完全集成的解决方案。</blockquote></p><p> The bottom line is that Cloudflare has become a necessity to keeping the world moving that many people may not even be aware of.</p><p><blockquote>底线是Cloudflare已经成为保持世界运转的必需品，而许多人可能甚至没有意识到这一点。</blockquote></p><p> <b>Matthew Prince's Leadership</b></p><p><blockquote><b>马修·普林斯的领导力</b></blockquote></p><p> Matthew Prince has a very public role in the company. However, he is not a promotional mouthpiece. When he speaks, he does so on the needs of their customers, the needs of enterprises and individuals, and what Cloudflare seeks to provide. Prince is a regular on major financial networks and several videos and fireside chats can be found on YouTube.</p><p><blockquote>马修·普林斯在公司中扮演着非常公开的角色。然而，他不是一个宣传喉舌。当他发言时，他会根据客户的需求、企业和个人的需求以及Cloudflare寻求提供的服务。普林斯是主要金融网络的常客，在YouTube上可以找到一些视频和炉边聊天。</blockquote></p><p> Matthew Prince is also no stranger to emergency situations at Cloudflare. Serious outages have affected the company. He has been lauded for his leadership and communication during these incidents, even when the outages may only last for minutes.</p><p><blockquote>Matthew Prince对Cloudflare的紧急情况也并不陌生。严重的停电影响了公司。他因在这些事件中的领导和沟通而受到称赞，即使停电可能只持续几分钟。</blockquote></p><p></p><p>   \"We built Cloudflare with a mission of helping build a better Internet and, this morning, we didn't live up to that,\"Cloudflare CEO Matthew Prince told  <i>DCD</i>. \"I take personal responsibility for that. And so I think that that it's disappointing, and it's painful.\"  I believe customers value this level of openness, quickness to communicate, and personal responsibility.</p><p><blockquote>Cloudflare首席执行官马修·普林斯(Matthew Prince)表示：“我们构建Cloudflare的使命是帮助构建更好的互联网，但今天早上，我们没有实现这一目标。”<i>DCD</i>“我对此负有个人责任。所以我认为这是令人失望和痛苦的。”我相信客户重视这种程度的开放性、沟通的速度和个人责任感。</blockquote></p><p> He has an excellent grasp on the various issues facing the internet, including the differing regulations and upcoming changes to laws in many countries throughout the world. One example is the Digital Services Act in the European Union. And why not? He has an MBA from Harvard, a Law Degree from the University of Chicago, and a computer science degree, among other qualifications. Co-founder, COO, and Director Michelle Zatlyn also has a strong pedigree with a Harvard MBA and having served as Head of User Experience for several years prior to this role.</p><p><blockquote>他非常了解互联网面临的各种问题，包括世界上许多国家的不同法规和即将到来的法律变化。一个例子是欧盟的《数字服务法》。为什么不呢？他拥有哈佛大学的MBA学位、芝加哥大学的法律学位和计算机科学学位等资格。联合创始人、首席运营官兼董事米歇尔·扎特林(Michelle Zatlyn)也拥有哈佛MBA学位，在此之前曾担任用户体验主管数年。</blockquote></p><p> <b>Hitting On The Numbers</b></p><p><blockquote><b>击中数字</b></blockquote></p><p> I have previously delved deeper into the quantitative aspects of the company. Cloudflare will report on November 4th and estimates for revenue average $165M for the quarter. This would be an 8% increase over Q2 2021. Year over year, Q2 2021 revenues were over 52% above Q2 2020. Estimates for forward growth are over 33% for fiscal 2022.</p><p><blockquote>我之前曾深入研究过公司的量化方面。Cloudflare将于11月4日发布报告，预计本季度平均收入为1.65亿美元。这将比2021年第二季度增长8%。与去年同期相比，2021年第二季度的收入比2020年第二季度增长了52%以上。预计2022财年的未来增长率将超过33%。</blockquote></p><p> Cloudflare has some excellent metrics that will assist in achieving profits once the company has scaled. First, the gross margin has reached 77% over the prior three quarters. This is higher than most companies in this industry. Another metric to watch will be the increase in paying customers and paying customers providing over $100k in annual recurring revenue (ARR). The Q2 figures were very impressive and represented a 32% gain over the prior year for total paying customers, as shown below.</p><p><blockquote>Cloudflare有一些出色的指标，一旦公司扩大规模，这些指标将有助于实现利润。首先，前三季度毛利率达到77%。这高于该行业的大多数公司。另一个值得关注的指标是付费客户和年度经常性收入(ARR)超过10万美元的付费客户的增长。第二季度的数据非常令人印象深刻，付费客户总数比上一年增长了32%，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/277d56301a9537a8aad8ebfdd8114535\" tg-width=\"640\" tg-height=\"385\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from company earnings calls.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者用评级公司收益数据创建的图表。</span></p></blockquote></p><p> The data is even more impressive with the increase in large customers or those who provide over $100,000 in ARR. The chart below depicts these gains.</p><p><blockquote>随着大客户或ARR超过100,000美元的客户的增加，数据更加令人印象深刻。下图描述了这些收益。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4adf1187db4f952b514069ceed3deb56\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from company earnings calls.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者用评级公司收益数据创建的图表。</span></p></blockquote></p><p> Cloudflare's valuation has once again appeared to outrun the short-term fundamentals, however there is still a long-term opportunity with this indispensable company. A short-term pullback would not surprise me after the earnings call. The fact is that even a blowout quarter will make the valuation tough to justify<i>at this point</i>. I believe the company will continue to grow and become quite profitable as it scales in the coming years.</p><p><blockquote>Cloudflare的估值似乎再次超过了短期基本面，但这家不可或缺的公司仍然存在长期机会。在盈利看涨期权之后，短期回调不会让我感到惊讶。事实是，即使是一个井喷的季度，估值也很难证明其合理性<i>在这一点上</i>.我相信该公司将继续增长，并在未来几年随着规模的扩大而变得相当盈利。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> In my previous article on Cloudflare I noted that pullbacks in this stock signal opportunities.</p><p><blockquote>在我之前关于Cloudflare的文章中，我指出该股票的回调预示着机会。</blockquote></p><p>   \"The 17% pullback on no company-specific negative news is the essence of this approach. Stocks like NET are prone to taking the escalator up and then quick elevator pullbacks.\"  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdeb92f1280ebab6cf7bfd0d2c9f84c8\" tg-width=\"640\" tg-height=\"430\" width=\"100%\" height=\"auto\"><span>NET Stock Chart With Author's Annotations</span></p><p><blockquote>“在没有公司特定负面消息的情况下回调17%是这种方法的本质。像NET这样的股票很容易乘坐自动扶梯上升，然后快速电梯回调。”<p class=\"t-img-caption\"><span>带作者注释的净股票图表</span></p></blockquote></p><p> Since this pullback the stock has gained well over 50%.</p><p><blockquote>自此次回调以来，该股已上涨超过50%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9c398be2230ad658874bd2f76b0b197\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> I consider this to signal a recognition from investors and institutions that Cloudflare has an immensely bright future. Earnings will be a test of investor confidence on this stock and I would not be surprised to see a significant pullback, although likely still substantially above the prior pullback level. It is also entirely possible that management hits a home run and the stock runs higher. As always it is best to accumulate shares over time to manage short-term risks. The thesis remains the same: I consider any short-term pullback an accumulation opportunity in NET stock.</p><p><blockquote>我认为这标志着投资者和机构认识到Cloudflare拥有非常光明的未来。盈利将是对投资者对该股信心的考验，如果出现大幅回调，我不会感到惊讶，尽管可能仍远高于之前的回调水平。管理层也完全有可能打出全垒打，股价走高。一如既往，最好随着时间的推移积累股票以管理短期风险。论点保持不变：我认为任何短期回调都是净股票的积累机会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4461839-cloudflare-big-gains-made-as-investors-brace-for-earnings\">Seeking Alpha</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":{"NET":"Cloudflare, Inc."},"source_url":"https://seekingalpha.com/article/4461839-cloudflare-big-gains-made-as-investors-brace-for-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125399259","content_text":"Summary\n\nCloudflare has once again experienced huge gains in a very short period of time.\nThe reasons for this are multiple, however they seem to return to the company's necessary nature and leadership from Matthew Prince.\nEarnings are around the corner and investors are likely bracing for impact due to the high valuation of this stock.\n\nSteve Jennings/Getty Images Entertainment\nInvestment Thesis For NET Stock:\nCloudflare, Inc.(NYSE:NET)(also \"the Company\" hereafter) is an innovative company in the evolution into the cloud, edge computing and the internet of things (IoT). 25 million internet properties count on Cloudflare to provide security and performance. The Company has a vast and growing total addressable market (TAM) expected to reach over $100B in a few short years and has experienced massive growth. The stock has again reached all-time highs and is up over 60% since my previous article in only three weeks, as shown below. The big question is: is there any upside left?\nData by YCharts\nThe Pandemic Revealed Cloudflare's Indispensability\nAt the onset of the pandemic, almost everything moved online. Schools were being taught virtually. Restaurants who would normally have a majority of in-person patrons were taking orders mostly online. Grocery delivery skyrocketed. And perhaps the most drastic change, employees were working from home (WFH) in record numbers.\nThe results are clear to see in this graphic. Internet traffic exploded around the globe.\n\n “We sit in front of more than 10 percent of all websites, so we have a pretty representative sample of how traffic patterns change in response to events globally,”- Matthew Prince.\n\nSource: Cloudflare.\nDuring this time, attacks also increased exponentially. This included attacks on critical infrastructure like hospitals.According to Cloudflare, attack traffic was up significantly from January 2020 to March through May 2020 on healthcare centers.\nThe increase in traffic, however, was no great sweat to Cloudflare's systems which handle DDoS attacks which are exponentially more traffic than even the height of the pandemic's increased traffic. In fact, in summer of 2021 Cloudflare deflected such an attack that was 3x larger than any other noted on record. The single attack produced nearly 70% of the total of all legitimate traffic. The attacks were deflected successfully and automatically.\nWe also had a fairly important election season in 2020 which you may remember. In 2017 the Department of Homeland Security reported that 21 states had voter registration files and websites targeted. Cloudflare developed Athenian Project to provide protection to state and local governments' voter related sites - for free. There are several case studies from local and state government internet security personnel and technology executives. Cloudflare states that there are over 120,000 threats per day to election sites nationwide. Yet, there were no major stories of local or state level hacks during the previous cycle. To this end, Cloudflare also mitigated over 77M threats to campaign websites over a six month period with Cloudflare for Campaigns.\nIn September 2021 Cloudflare announced an initiative into email security. Phishing is the most common type of attack on enterprises according to the FBI. Cloudflare will be providing its Advanced Email Security Suite to customers as a fully integrated solution.\nThe bottom line is that Cloudflare has become a necessity to keeping the world moving that many people may not even be aware of.\nMatthew Prince's Leadership\nMatthew Prince has a very public role in the company. However, he is not a promotional mouthpiece. When he speaks, he does so on the needs of their customers, the needs of enterprises and individuals, and what Cloudflare seeks to provide. Prince is a regular on major financial networks and several videos and fireside chats can be found on YouTube.\nMatthew Prince is also no stranger to emergency situations at Cloudflare. Serious outages have affected the company. He has been lauded for his leadership and communication during these incidents, even when the outages may only last for minutes.\n\n \"We built Cloudflare with a mission of helping build a better Internet and, this morning, we didn't live up to that,\"Cloudflare CEO Matthew Prince told\n DCD. \"I take personal responsibility for that. And so I think that that it's disappointing, and it's painful.\"\n\nI believe customers value this level of openness, quickness to communicate, and personal responsibility.\nHe has an excellent grasp on the various issues facing the internet, including the differing regulations and upcoming changes to laws in many countries throughout the world. One example is the Digital Services Act in the European Union. And why not? He has an MBA from Harvard, a Law Degree from the University of Chicago, and a computer science degree, among other qualifications. Co-founder, COO, and Director Michelle Zatlyn also has a strong pedigree with a Harvard MBA and having served as Head of User Experience for several years prior to this role.\nHitting On The Numbers\nI have previously delved deeper into the quantitative aspects of the company. Cloudflare will report on November 4th and estimates for revenue average $165M for the quarter. This would be an 8% increase over Q2 2021. Year over year, Q2 2021 revenues were over 52% above Q2 2020. Estimates for forward growth are over 33% for fiscal 2022.\nCloudflare has some excellent metrics that will assist in achieving profits once the company has scaled. First, the gross margin has reached 77% over the prior three quarters. This is higher than most companies in this industry. Another metric to watch will be the increase in paying customers and paying customers providing over $100k in annual recurring revenue (ARR). The Q2 figures were very impressive and represented a 32% gain over the prior year for total paying customers, as shown below.\nChart created by author with data from company earnings calls.\nThe data is even more impressive with the increase in large customers or those who provide over $100,000 in ARR. The chart below depicts these gains.\nChart created by author with data from company earnings calls.\nCloudflare's valuation has once again appeared to outrun the short-term fundamentals, however there is still a long-term opportunity with this indispensable company. A short-term pullback would not surprise me after the earnings call. The fact is that even a blowout quarter will make the valuation tough to justifyat this point. I believe the company will continue to grow and become quite profitable as it scales in the coming years.\nConclusion\nIn my previous article on Cloudflare I noted that pullbacks in this stock signal opportunities.\n\n \"The 17% pullback on no company-specific negative news is the essence of this approach. Stocks like NET are prone to taking the escalator up and then quick elevator pullbacks.\"\n\nNET Stock Chart With Author's Annotations\nSince this pullback the stock has gained well over 50%.\nData by YCharts\nI consider this to signal a recognition from investors and institutions that Cloudflare has an immensely bright future. Earnings will be a test of investor confidence on this stock and I would not be surprised to see a significant pullback, although likely still substantially above the prior pullback level. It is also entirely possible that management hits a home run and the stock runs higher. As always it is best to accumulate shares over time to manage short-term risks. The thesis remains the same: I consider any short-term pullback an accumulation opportunity in NET stock.","news_type":1,"symbols_score_info":{"NET":0.9}},"isVote":1,"tweetType":1,"viewCount":776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":859072222,"gmtCreate":1634646187596,"gmtModify":1634646187709,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/859072222","repostId":"1150534887","repostType":4,"repost":{"id":"1150534887","kind":"news","pubTimestamp":1634643082,"share":"https://www.laohu8.com/m/news/1150534887?lang=zh_CN&edition=full","pubTime":"2021-10-19 19:31","market":"us","language":"en","title":"NIO Stock Is Very Richly Valued, But I Can See Why It Tempts People<blockquote>蔚来股票估值非常高，但我明白为什么它吸引人们</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150534887","media":"InvestorPlace","summary":"Nio stock would be much more appealing if it caught up to its valuation.\n\nNIO Inc. stock deserves to","content":"<p><div> Nio stock would be much more appealing if it caught up to its valuation.  NIO Inc. stock deserves to be valued as it has been, and it may still be worth a buy. The Chinese electric vehicle maker ...</p><p><blockquote><div>如果蔚来的股票赶上其估值，它将更具吸引力。蔚来股票值得像现在这样估值，而且可能仍然值得买入。中国电动汽车制造商...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/10/nio-stock-is-very-richly-valued-but-i-can-see-why-it-tempts-people/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/10/nio-stock-is-very-richly-valued-but-i-can-see-why-it-tempts-people/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>NIO Stock Is Very Richly Valued, But I Can See Why It Tempts People<blockquote>蔚来股票估值非常高，但我明白为什么它吸引人们</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\">\nNIO Stock Is Very Richly Valued, But I Can See Why It Tempts People<blockquote>蔚来股票估值非常高，但我明白为什么它吸引人们</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-10-19 19:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Nio stock would be much more appealing if it caught up to its valuation.  NIO Inc. stock deserves to be valued as it has been, and it may still be worth a buy. The Chinese electric vehicle maker ...</p><p><blockquote><div>如果蔚来的股票赶上其估值，它将更具吸引力。蔚来股票值得像现在这样估值，而且可能仍然值得买入。中国电动汽车制造商...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/10/nio-stock-is-very-richly-valued-but-i-can-see-why-it-tempts-people/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/10/nio-stock-is-very-richly-valued-but-i-can-see-why-it-tempts-people/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/10/nio-stock-is-very-richly-valued-but-i-can-see-why-it-tempts-people/\">InvestorPlace</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":{"NIO":"蔚来"},"source_url":"https://investorplace.com/2021/10/nio-stock-is-very-richly-valued-but-i-can-see-why-it-tempts-people/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150534887","content_text":"Nio stock would be much more appealing if it caught up to its valuation.\n\nNIO Inc. stock deserves to be valued as it has been, and it may still be worth a buy.\nThe Chinese electric vehicle maker rolled 50,000 cars off the assembly linein July 2020, in the teeth of the pandemic.\nIn early April of this year, it passed the 100,000 mark, and sales are brisk as demand continues to rise, as does NIO stock.\nAs with many Chinese companies that don’t operate – for now – in the U.S., many people use metaphors to describe the Chinese firms. In NIO’s case, you may want to call it China’s Tesla (NASDAQ:TSLA).\nThat may be true to a certain extent, as many of these comparisons are, but China’s EV market is different. For example, the Chinese middle class isbigger than the entire populationof the U.S.\nThat’s a pretty good initial market. Plus, all the political and economic tussling between the U.S. and China means buying local Chinese companies makes a lot more sense now than it did a few years ago.\nCurrent supply chain issues are a perfect example of that logic.\nNIO Stock Shows Potential\nOne of the clearest examples of the success of NIO stock  is its astronomical market cap for a company that hasn’t turned a profit. At a$58 billion market cap, that’s about $580,000 per vehicle. And that’s for its U.S.-listed shares.\nOf course, that’s not a great comparison. Comparing it to companies with similar market caps, Nio is in the same league as Mexico’s leading mobile telecomAmerica Movil(NYSE:AMX), video game makerActivision Blizzard(NASDAQ:ATVI),Regeneron Pharmaceuticals(NASDAQ:RGEN), andThomson Reuters(NYSE:TRI).\nFord has a market cap of about $61 billion.\nSo, yes, it’s wildly valued, but NIO continues to grow its product line in China as well as in Europe.\nBecause European Union countries have a number of reciprocal deals with Chinese firms, those two markets continue to trade with one another. European cars are sold and manufactured in China and vice versa, not unlike the EU’s deal with the U.S.\nThis is part of the sky-high valuation. It’s a way for U.S. investors to diversify their “green” portfolios with an EV company that’s actually making and selling vehicles.\nDotcom vs EV Booms\nI’m old enough to remember the dotcom boom (and bust). Brokers – remember them? – were literally telling clients that if a stock didn’t have a PE in the triple digits it wasn’t worth buying.\nNear the top, they were telling their income investing clients that had been sitting in utilities and Old School blue chips that growth was the new income.\nI’m not kidding.\nThat’s the kind of feeling I get about EV stocks right now. Most don’t even have earnings or a finished product but have billions in market cap.\nThis “been there, done that” side of me says it’s cold comfort that NIO stock actually has customers and three models rolling off its assembly lines.\nThe Rubber Hits the Road\nAs for NIO cars, it started with its ES-8, a high-range luxury 7-passenger SUV in 2018. It then rolled out its EC-6 luxury coupe in 2019 and its ES-6 high-range 5-passenger SUV in 2020.\nThe company is moving into lower price points although it does have an EV Formula 1 race car.\nIt also has its own charging units and has more thantwo dozen smart homesbuilt using its technologies around China.\nWhat’s more, NIO has adopted a battery swapping system. There are service centers around China that you drive into and they swap out your old battery for a new one in about 10-15 minutes.\nThat means when you’re on a long trip, you aren’t limited by mileage. You simply drop off your old battery and get a new one without waiting for a full charge.\nNIO justswapped out its four millionth batteryat the beginning of October. This was something TSLA thought about doing but decided against. It will be interesting to see if this ends up working better than the EV “filling station”.\nAll that said, NIO stock is still expensive. It isn’t a practical pick but more a “no guts, no glory” pick at this point.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":832271537,"gmtCreate":1629646097629,"gmtModify":1631891261190,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/832271537","repostId":"1133515985","repostType":4,"isVote":1,"tweetType":1,"viewCount":708,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833169474,"gmtCreate":1629210804798,"gmtModify":1631891261208,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"🤦🏻‍♀️","listText":"🤦🏻‍♀️","text":"🤦🏻‍♀️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833169474","repostId":"1165994740","repostType":4,"repost":{"id":"1165994740","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":1629208983,"share":"https://www.laohu8.com/m/news/1165994740?lang=zh_CN&edition=full","pubTime":"2021-08-17 22:03","market":"us","language":"en","title":"Semiconductor stocks continue dipping<blockquote>半导体股继续下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165994740","media":"Tiger Newspress","summary":"(Aug 17) Semiconductor stocks continue dipping.","content":"<p>(Aug 17)&nbsp;Semiconductor stocks continue dipping.</p><p><blockquote>（8月17日）半导体股继续下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a55e85893069d155ca0b730ac8c886fa\" tg-width=\"375\" tg-height=\"365\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Semiconductor stocks continue dipping<blockquote>半导体股继续下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSemiconductor stocks continue dipping<blockquote>半导体股继续下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-17 22:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug 17)&nbsp;Semiconductor stocks continue dipping.</p><p><blockquote>（8月17日）半导体股继续下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a55e85893069d155ca0b730ac8c886fa\" tg-width=\"375\" tg-height=\"365\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165994740","content_text":"(Aug 17) Semiconductor stocks continue dipping.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833187237,"gmtCreate":1629210715029,"gmtModify":1631891261223,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Still not bottom?","listText":"Still not bottom?","text":"Still not bottom?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833187237","repostId":"1151136098","repostType":2,"repost":{"id":"1151136098","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":1629103315,"share":"https://www.laohu8.com/m/news/1151136098?lang=zh_CN&edition=full","pubTime":"2021-08-16 16:41","market":"us","language":"en","title":"Some Chinese stocks fell in premarket trading<blockquote>部分中国股票在盘前交易中下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151136098","media":"Tiger Newspress","summary":"(Aug 16) Some Chinese stocks fell in premarket trading.","content":"<p>(Aug 16)&nbsp;Some Chinese stocks fell in premarket trading.</p><p><blockquote>（8月16日）部分中国股市在盘前交易中下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8757b4660783483c34edf8cdb55637ed\" tg-width=\"370\" tg-height=\"761\" 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>Some Chinese stocks fell in premarket trading<blockquote>部分中国股票在盘前交易中下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSome Chinese stocks fell in premarket trading<blockquote>部分中国股票在盘前交易中下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-16 16:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug 16)&nbsp;Some Chinese stocks fell in premarket trading.</p><p><blockquote>（8月16日）部分中国股市在盘前交易中下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8757b4660783483c34edf8cdb55637ed\" tg-width=\"370\" tg-height=\"761\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151136098","content_text":"(Aug 16) Some Chinese stocks fell in premarket trading.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893295144,"gmtCreate":1628262910588,"gmtModify":1631891261234,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"GG!!","listText":"GG!!","text":"GG!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893295144","repostId":"1110501028","repostType":4,"repost":{"id":"1110501028","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":1628260468,"share":"https://www.laohu8.com/m/news/1110501028?lang=zh_CN&edition=full","pubTime":"2021-08-06 22:34","market":"us","language":"en","title":"Tencent sued by the Haidian District Procuratorate<blockquote>海淀区检察院起诉的腾讯控股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1110501028","media":"Tiger Newspress","summary":"(Aug 6) Tencent sued by the Haidian District Procuratorate.","content":"<p>(Aug 6)&nbsp;Tencent sued by the Haidian District Procuratorate.</p><p><blockquote>（8月6日）腾讯控股被海淀区检察院提起公诉。</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>Tencent sued by the Haidian District Procuratorate<blockquote>海淀区检察院起诉的腾讯控股</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\">\nTencent sued by the Haidian District Procuratorate<blockquote>海淀区检察院起诉的腾讯控股</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\">2021-08-06 22:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug 6)&nbsp;Tencent sued by the Haidian District Procuratorate.</p><p><blockquote>（8月6日）腾讯控股被海淀区检察院提起公诉。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110501028","content_text":"(Aug 6) Tencent sued by the Haidian District Procuratorate.","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.9}},"isVote":1,"tweetType":1,"viewCount":582,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893677786,"gmtCreate":1628262037945,"gmtModify":1631891261250,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"To the moon and beyond 🚀","listText":"To the moon and beyond 🚀","text":"To the moon and beyond 🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/893677786","repostId":"1194369383","repostType":2,"repost":{"id":"1194369383","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":1628207565,"share":"https://www.laohu8.com/m/news/1194369383?lang=zh_CN&edition=full","pubTime":"2021-08-06 07:52","market":"us","language":"en","title":"Virgin Galactic posted Q2 results and reopened ticket sales<blockquote>维珍银河公布第二季度业绩并重新开放机票销售</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194369383","media":"Tiger Newspress","summary":"Virgin Galactic delivered second-quarter results after the market closed on Thursday and announced t","content":"<p>Virgin Galactic&nbsp;delivered second-quarter results after the market closed on Thursday and announced that it will reopen ticket sales, with pricing beginning at $450,000 per seat.</p><p><blockquote>维珍银河在周四收盘后公布了第二季度业绩，并宣布将重新开放门票销售，起价为每个座位45万美元。</blockquote></p><p> \"We have a purposeful range of product offerings in order to satisfy the different ways people will want to share this experience of private astronaut flights,\" Virgin Galactic CEO Michael Colglazier said during the company's second quarter conference call.</p><p><blockquote>维珍银河首席执行官Michael Colglazier在公司第二季度电话会议上表示：“我们有一系列有目的的产品，以满足人们分享私人宇航员飞行体验的不同方式。”</blockquote></p><p> The company also announced its next spaceflight test is targeting late September from Spaceport America in New Mexico, carrying members of the Italian Air Force.</p><p><blockquote>该公司还宣布，其下一次太空飞行测试将于9月下旬在新墨西哥州的美国航天港进行，搭载意大利空军成员。</blockquote></p><p> Shares of Virgin Galactic rose 5.1% in after-hours trading from its close of $31.53.</p><p><blockquote>维珍银河股价在盘后交易中较收盘价31.53美元上涨5.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4895fe47826635f1f7aa9ee76ebc69c5\" tg-width=\"899\" tg-height=\"637\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Virgin Galactic reported an adjusted EBITDA loss of $56 million in the second quarter, just above the loss of $55.9 million in the prior quarter. It generated $571,000 of revenue in the second quarter, coming from the scientific research experiments onboard its May spaceflight test.</p><p><blockquote>维珍银河公布第二季度调整后EBITDA亏损5600万美元，略高于上一季度5590万美元的亏损。该公司第二季度创造了571,000美元的收入，来自5月份太空飞行测试的科学研究实验。</blockquote></p><p> The company flew two spaceflight tests during the quarter, with&nbsp;the first marking its debut from Spaceport America in New Mexico. The second flight&nbsp;carried founder&nbsp;Richard Branson&nbsp;and three other mission specialists to test the vehicle's cabin.</p><p><blockquote>该公司在本季度进行了两次太空飞行测试，第一次是在新墨西哥州的美国航天港首次亮相。第二次飞行搭载了创始人理查德·布兰森和其他三名任务专家来测试飞行器的机舱。</blockquote></p><p> The company’s leadership previously announced that it would fly two more tests of spacecraft VSS Unity, with the first carrying another four “mission specialists” and the second flying members of the Italian Air Force. Branson had announced after his spaceflight that former Virgin Galactic CEO&nbsp;George Whitesides would fly on the company’s next spaceflight test, as CNBC reported last month. But that plan appears to have changed with the Italian spaceflight, designated as the Unity 23 flight, now scheduled next.</p><p><blockquote>该公司领导层此前宣布，将对航天器VSS Unity进行另外两次测试，第一次搭载另外四名“任务专家”，第二次搭载意大利空军成员。据CNBC上个月报道，布兰森在太空飞行后宣布，维珍银河前首席执行官乔治·怀特塞德斯将参加该公司的下一次太空飞行测试。但随着意大利的太空飞行，这一计划似乎已经改变，被指定为Unity 23飞行，现在计划下一次。</blockquote></p><p> Virgin Galactic will then pause spaceflight operations for a previously announced “enhancement period,” before then launching its Unity 24 spaceflight test. Then, with the Unity 25 flight, Virgin Galactic expects to begin commercial services with its first non-development flight.</p><p><blockquote>然后，维珍银河将在之前宣布的“增强期”暂停太空飞行操作，然后启动Unity 24太空飞行测试。然后，随着Unity 25的飞行，维珍银河预计将通过其首次非开发飞行开始商业服务。</blockquote></p><p> Colglazier said during the shareholder call that the enhancement period, which will focus on refurbishing and reinforcing its jet-powered carrier aircraft VMS Eve, will run from after Unity 23 in September until mid-2022. That pushes back the company’s beginning of commercial service, as Virgin Galactic was targeting early 2022 for its first private customer spaceflight.</p><p><blockquote>Colglazier在股东看涨期权上表示，增强期将从9月Unity 23之后一直持续到2022年中期，重点是翻新和加固其喷气动力舰载机VMS Eve。这推迟了该公司商业服务的开始，因为维珍银河的目标是在2022年初进行首次私人客户太空飞行。</blockquote></p><p> A Virgin Galactic spokesperson told CNBC that the Unity 25 mission is targeting late third quarter 2022.</p><p><blockquote>维珍银河发言人告诉CNBC，Unity 25任务的目标是2022年第三季度末。</blockquote></p><p> The space tourism company is conducting the spaceflight tests as the final step in developing its vehicle. The company has about 600 reservations for tickets on future flights, with those tickets sold largely between $200,000 and $250,000 each.</p><p><blockquote>这家太空旅游公司正在进行太空飞行测试，作为开发其飞行器的最后一步。该公司约有600张未来航班的机票预订，每张机票的售价大多在20万美元至25万美元之间。</blockquote></p><p> Virgin Galactic will have three different sales offerings, starting at $450,000 a seat, for space tourists: A single seat purchase, packaged seats for couples, friends or family, or opportunities to book entire flights. The company noted that sales will initially prioritize Virgin Galactic’s “significant list of early hand-raisers,” with a “follow-on priority list” to be opened for new customers.</p><p><blockquote>维珍银河将为太空游客提供三种不同的销售产品，每个座位起价45万美元：购买单人座位，为情侣、朋友或家人提供套餐座位，或预订整个航班的机会。该公司指出，销售最初将优先考虑维珍银河的“重要的早期举手名单”，并为新客户开放“后续优先名单”。</blockquote></p><p> Its spacecraft VSS Unity was designed to carry six passengers — in addition to two pilots — but the vehicle is now outfitted to carry four, with Virgin Galactic confirming that its spaceflight with Branson represented a “fully crewed” launch.</p><p><blockquote>其航天器VSS Unity设计可搭载六名乘客——此外还有两名飞行员——但该飞行器现在配备可搭载四名乘客，维珍银河证实其与布兰森的太空飞行代表着“全员”发射。</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>Virgin Galactic posted Q2 results and reopened ticket sales<blockquote>维珍银河公布第二季度业绩并重新开放机票销售</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\">\nVirgin Galactic posted Q2 results and reopened ticket sales<blockquote>维珍银河公布第二季度业绩并重新开放机票销售</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\">2021-08-06 07:52</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Virgin Galactic&nbsp;delivered second-quarter results after the market closed on Thursday and announced that it will reopen ticket sales, with pricing beginning at $450,000 per seat.</p><p><blockquote>维珍银河在周四收盘后公布了第二季度业绩，并宣布将重新开放门票销售，起价为每个座位45万美元。</blockquote></p><p> \"We have a purposeful range of product offerings in order to satisfy the different ways people will want to share this experience of private astronaut flights,\" Virgin Galactic CEO Michael Colglazier said during the company's second quarter conference call.</p><p><blockquote>维珍银河首席执行官Michael Colglazier在公司第二季度电话会议上表示：“我们有一系列有目的的产品，以满足人们分享私人宇航员飞行体验的不同方式。”</blockquote></p><p> The company also announced its next spaceflight test is targeting late September from Spaceport America in New Mexico, carrying members of the Italian Air Force.</p><p><blockquote>该公司还宣布，其下一次太空飞行测试将于9月下旬在新墨西哥州的美国航天港进行，搭载意大利空军成员。</blockquote></p><p> Shares of Virgin Galactic rose 5.1% in after-hours trading from its close of $31.53.</p><p><blockquote>维珍银河股价在盘后交易中较收盘价31.53美元上涨5.1%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4895fe47826635f1f7aa9ee76ebc69c5\" tg-width=\"899\" tg-height=\"637\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Virgin Galactic reported an adjusted EBITDA loss of $56 million in the second quarter, just above the loss of $55.9 million in the prior quarter. It generated $571,000 of revenue in the second quarter, coming from the scientific research experiments onboard its May spaceflight test.</p><p><blockquote>维珍银河公布第二季度调整后EBITDA亏损5600万美元，略高于上一季度5590万美元的亏损。该公司第二季度创造了571,000美元的收入，来自5月份太空飞行测试的科学研究实验。</blockquote></p><p> The company flew two spaceflight tests during the quarter, with&nbsp;the first marking its debut from Spaceport America in New Mexico. The second flight&nbsp;carried founder&nbsp;Richard Branson&nbsp;and three other mission specialists to test the vehicle's cabin.</p><p><blockquote>该公司在本季度进行了两次太空飞行测试，第一次是在新墨西哥州的美国航天港首次亮相。第二次飞行搭载了创始人理查德·布兰森和其他三名任务专家来测试飞行器的机舱。</blockquote></p><p> The company’s leadership previously announced that it would fly two more tests of spacecraft VSS Unity, with the first carrying another four “mission specialists” and the second flying members of the Italian Air Force. Branson had announced after his spaceflight that former Virgin Galactic CEO&nbsp;George Whitesides would fly on the company’s next spaceflight test, as CNBC reported last month. But that plan appears to have changed with the Italian spaceflight, designated as the Unity 23 flight, now scheduled next.</p><p><blockquote>该公司领导层此前宣布，将对航天器VSS Unity进行另外两次测试，第一次搭载另外四名“任务专家”，第二次搭载意大利空军成员。据CNBC上个月报道，布兰森在太空飞行后宣布，维珍银河前首席执行官乔治·怀特塞德斯将参加该公司的下一次太空飞行测试。但随着意大利的太空飞行，这一计划似乎已经改变，被指定为Unity 23飞行，现在计划下一次。</blockquote></p><p> Virgin Galactic will then pause spaceflight operations for a previously announced “enhancement period,” before then launching its Unity 24 spaceflight test. Then, with the Unity 25 flight, Virgin Galactic expects to begin commercial services with its first non-development flight.</p><p><blockquote>然后，维珍银河将在之前宣布的“增强期”暂停太空飞行操作，然后启动Unity 24太空飞行测试。然后，随着Unity 25的飞行，维珍银河预计将通过其首次非开发飞行开始商业服务。</blockquote></p><p> Colglazier said during the shareholder call that the enhancement period, which will focus on refurbishing and reinforcing its jet-powered carrier aircraft VMS Eve, will run from after Unity 23 in September until mid-2022. That pushes back the company’s beginning of commercial service, as Virgin Galactic was targeting early 2022 for its first private customer spaceflight.</p><p><blockquote>Colglazier在股东看涨期权上表示，增强期将从9月Unity 23之后一直持续到2022年中期，重点是翻新和加固其喷气动力舰载机VMS Eve。这推迟了该公司商业服务的开始，因为维珍银河的目标是在2022年初进行首次私人客户太空飞行。</blockquote></p><p> A Virgin Galactic spokesperson told CNBC that the Unity 25 mission is targeting late third quarter 2022.</p><p><blockquote>维珍银河发言人告诉CNBC，Unity 25任务的目标是2022年第三季度末。</blockquote></p><p> The space tourism company is conducting the spaceflight tests as the final step in developing its vehicle. The company has about 600 reservations for tickets on future flights, with those tickets sold largely between $200,000 and $250,000 each.</p><p><blockquote>这家太空旅游公司正在进行太空飞行测试，作为开发其飞行器的最后一步。该公司约有600张未来航班的机票预订，每张机票的售价大多在20万美元至25万美元之间。</blockquote></p><p> Virgin Galactic will have three different sales offerings, starting at $450,000 a seat, for space tourists: A single seat purchase, packaged seats for couples, friends or family, or opportunities to book entire flights. The company noted that sales will initially prioritize Virgin Galactic’s “significant list of early hand-raisers,” with a “follow-on priority list” to be opened for new customers.</p><p><blockquote>维珍银河将为太空游客提供三种不同的销售产品，每个座位起价45万美元：购买单人座位，为情侣、朋友或家人提供套餐座位，或预订整个航班的机会。该公司指出，销售最初将优先考虑维珍银河的“重要的早期举手名单”，并为新客户开放“后续优先名单”。</blockquote></p><p> Its spacecraft VSS Unity was designed to carry six passengers — in addition to two pilots — but the vehicle is now outfitted to carry four, with Virgin Galactic confirming that its spaceflight with Branson represented a “fully crewed” launch.</p><p><blockquote>其航天器VSS Unity设计可搭载六名乘客——此外还有两名飞行员——但该飞行器现在配备可搭载四名乘客，维珍银河证实其与布兰森的太空飞行代表着“全员”发射。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194369383","content_text":"Virgin Galactic delivered second-quarter results after the market closed on Thursday and announced that it will reopen ticket sales, with pricing beginning at $450,000 per seat.\n\"We have a purposeful range of product offerings in order to satisfy the different ways people will want to share this experience of private astronaut flights,\" Virgin Galactic CEO Michael Colglazier said during the company's second quarter conference call.\nThe company also announced its next spaceflight test is targeting late September from Spaceport America in New Mexico, carrying members of the Italian Air Force.\nShares of Virgin Galactic rose 5.1% in after-hours trading from its close of $31.53.\n\nVirgin Galactic reported an adjusted EBITDA loss of $56 million in the second quarter, just above the loss of $55.9 million in the prior quarter. It generated $571,000 of revenue in the second quarter, coming from the scientific research experiments onboard its May spaceflight test.\nThe company flew two spaceflight tests during the quarter, with the first marking its debut from Spaceport America in New Mexico. The second flight carried founder Richard Branson and three other mission specialists to test the vehicle's cabin.\nThe company’s leadership previously announced that it would fly two more tests of spacecraft VSS Unity, with the first carrying another four “mission specialists” and the second flying members of the Italian Air Force. Branson had announced after his spaceflight that former Virgin Galactic CEO George Whitesides would fly on the company’s next spaceflight test, as CNBC reported last month. But that plan appears to have changed with the Italian spaceflight, designated as the Unity 23 flight, now scheduled next.\nVirgin Galactic will then pause spaceflight operations for a previously announced “enhancement period,” before then launching its Unity 24 spaceflight test. Then, with the Unity 25 flight, Virgin Galactic expects to begin commercial services with its first non-development flight.\nColglazier said during the shareholder call that the enhancement period, which will focus on refurbishing and reinforcing its jet-powered carrier aircraft VMS Eve, will run from after Unity 23 in September until mid-2022. That pushes back the company’s beginning of commercial service, as Virgin Galactic was targeting early 2022 for its first private customer spaceflight.\nA Virgin Galactic spokesperson told CNBC that the Unity 25 mission is targeting late third quarter 2022.\nThe space tourism company is conducting the spaceflight tests as the final step in developing its vehicle. The company has about 600 reservations for tickets on future flights, with those tickets sold largely between $200,000 and $250,000 each.\nVirgin Galactic will have three different sales offerings, starting at $450,000 a seat, for space tourists: A single seat purchase, packaged seats for couples, friends or family, or opportunities to book entire flights. The company noted that sales will initially prioritize Virgin Galactic’s “significant list of early hand-raisers,” with a “follow-on priority list” to be opened for new customers.\nIts spacecraft VSS Unity was designed to carry six passengers — in addition to two pilots — but the vehicle is now outfitted to carry four, with Virgin Galactic confirming that its spaceflight with Branson represented a “fully crewed” launch.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806082246,"gmtCreate":1627617050985,"gmtModify":1631891261260,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Oh dear…","listText":"Oh dear…","text":"Oh dear…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806082246","repostId":"2155772549","repostType":2,"isVote":1,"tweetType":1,"viewCount":610,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":842063010,"gmtCreate":1636121005561,"gmtModify":1636121005669,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ya","listText":"Ya","text":"Ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842063010","repostId":"2181743825","repostType":4,"isVote":1,"tweetType":1,"viewCount":1721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849506986,"gmtCreate":1635763478170,"gmtModify":1635763478221,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/849506986","repostId":"2179250221","repostType":4,"repost":{"id":"2179250221","kind":"news","pubTimestamp":1635721559,"share":"https://www.laohu8.com/m/news/2179250221?lang=zh_CN&edition=full","pubTime":"2021-11-01 07:05","market":"us","language":"en","title":"Federal Reserve decision, October jobs report: What to know this week<blockquote>美联储决定、十月就业报告：本周需要了解什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2179250221","media":"Yahoo Finance","summary":"The Federal Reserve's forthcoming monetary policy meeting will be in focus this week, and may set th","content":"<p><div> The Federal Reserve's forthcoming monetary policy meeting will be in focus this week, and may set the stage for a long-awaited announcement of asset-purchase tapering. Meanwhile, traders will also ...</p><p><blockquote><div>美联储即将召开的货币政策会议将成为本周的焦点，并可能为期待已久的资产购买缩减公告奠定基础。与此同时，交易者也将...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">网页连接</a></blockquote></p><p></p>","source":"yahoofinance_au","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 decision, October jobs report: What to know this week<blockquote>美联储决定、十月就业报告：本周需要了解什么</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\">\nFederal Reserve decision, October jobs report: What to know this week<blockquote>美联储决定、十月就业报告：本周需要了解什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo Finance</strong><span class=\"h-time small\">2021-11-01 07:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The Federal Reserve's forthcoming monetary policy meeting will be in focus this week, and may set the stage for a long-awaited announcement of asset-purchase tapering. Meanwhile, traders will also ...</p><p><blockquote><div>美联储即将召开的货币政策会议将成为本周的焦点，并可能为期待已久的资产购买缩减公告奠定基础。与此同时，交易者也将...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html\">Yahoo Finance</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","APO":"阿波罗全球管理","ATVI":"动视暴雪","RL":"拉夫劳伦","BLMN":"Bloomin' Brands","UBER":"优步",".IXIC":"NASDAQ Composite","EL":"雅诗兰黛",".SPX":"S&P 500 Index","PFE":"辉瑞","CRSR":"Corsair Gaming, Inc.","COP":"康菲石油","CLX":"高乐氏"},"source_url":"https://finance.yahoo.com/news/federal-reserve-meeting-october-jobs-report-what-to-know-this-week-151259921.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2179250221","content_text":"The Federal Reserve's forthcoming monetary policy meeting will be in focus this week, and may set the stage for a long-awaited announcement of asset-purchase tapering. Meanwhile, traders will also await more data on the U.S. economic recovery with the Labor Department's monthly jobs report later this week.\nThe Federal Open Market Committee's (FOMC) November meeting will take place from Tuesday to Wednesday, with the policy statement and press conference from the meeting serving as the central bank's penultimate opportunity this year to announce formal plans to begin rolling back its crisis-era quantitative easing program. For the past year-and-a-half, the central bank has been purchasing $120 billion per month in agency mortgage-backed securities and Treasuries, as one major tool to support the economy during the pandemic.\nIn late September, the FOMC's latest monetary policy statement and press conference from Federal Reserve Chair Jerome Powell suggested the central bank was apt to announce the start of tapering before year-end, and continue the tapering process until \"around the middle of next year.\"\n\"The upcoming FOMC meeting will be important for three reasons: 1) the announcement of tapering; 2) guidance around what tapering means for the path of hikes; and 3) nuanced changes in views around inflation risks given recent data,\" wrote Bank of America economist Michelle Meyer in a note.\n\"The statement that announces the new pace of asset purchases will be followed by a note regarding flexibility stating that asset purchases are not on a pre-set course and will depend on the outlook for the labor market and inflation as well as an assessment of the efficacy of asset purchases,\" she predicted.\nShe noted that Powell may also use the press conference to reiterate that the end of tapering would not necessarily indicate the start of rate hikes, and that both policy actions are distinct. In previous public remarks, Powell has already made a similar point in previous public remarks, saying, \"the timing and pace of the coming reduction in asset purchases will not be intended to carry a direct signal regarding the timing of interest rate liftoff.\"\nGiven the market has been anticipating the start to tapering for months now, speculation around when the Fed will make a move on interest rates has become a point of particular interest to investors. Investors and economists have mulled whether the Fed may need to act more quickly than previously telegraphed on adjusting interest rates to stave off inflation, which has proven more long-lasting than some had suggested.\nWASHINGTON, DC - SEPTEMBER 24: Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill on September 24, 2020 in Washington, DC. Powell and U.S. Treasury Secretary Steve Mnuchin are testifying about the CARES Act and the economic effects of the coronavirus pandemic. (Photo by Drew Angerer/Getty Images)Drew Angerer via Getty Images\nIn September, core personal consumption expenditures — the Fed's preferred gauge of underlying inflation — rose 3.6% over last year for a fourth consecutive month, coming in at the fastest clip since 1991. And earlier this month, Powell acknowledged in public remarks that the supply chain constraints and shortages that spurred the latest rise in prices are \"likely to last longer than previously expected, likely well into next year.\"\nWhile the central bank will not release an updated Summary of Economic Projections with their policy statement on Wednesday, the latest projections from the September meeting suggested the committee was split on rate hikes for 2022, with nine members seeing no rate hikes by the end of next year while the other nine members saw at least one hike.\n\"I think the Fed has pretty well determined to start the taper pretty quickly. We expect them to announce it next week and then start it soon thereafter, so that's pretty well carved in stone,\" Kathy Jones, Charles Schwab chief fixed income strategist, told Yahoo Finance Live last week. \"I think the big debate now is how quickly the Fed moves toward actually raising rates. The expectation in the market has really shifted to expecting as many as two rate hikes in 2022 and 2023 ... that’s a pretty aggressive pace of tightening.\"\nOctober jobs report\nOne of this week's most closely watched pieces of economic data will be the October jobs report, which is due for release on Friday from the Labor Department.\nEconomists are looking to see a pick-up in the pace of hiring for October after a disappointing print in September, when just 194,000 non-farm payrolls returned versus the half million expected. Over the past two months, payroll gains averaged at just 280,000. The unemployment rate is expected to take another small step toward pre-pandemic levels in October as well, with the jobless rate anticipated to dip to 4.7% from 4.8% the prior month.\nStill, the labor market has still fallen short its pre-pandemic conditions on a number of fronts. The unemployment rate has yet to return to its 50-year low of 3.5% from February 2020. And as of September, the civilian labor force was still down by about 3.1 million individuals from pre-virus levels.\nOne factor weighing on the labor market in August and September was the Delta variant, which may have deterred some workers from seeking employment in person for risk of infection. And an ongoing element dragging on the labor market's recovery has been a mismatch of supply and demand, with employers struggling to fill a near-record number of job openings while voluntary quits jumped to a historically high level.\n\"Next week’s October payrolls report will shed light on whether supply eased on diminishing constraints or if the labor market continues to face headwinds for now,\" wrote Rubeela Farooqi, chief U.S. economist for High Frequency Economics, in a note last week.\nBut some data from the past couple weeks has reflected favorably on conditions in the labor market in October. Weekly new unemployment claims broke below 300,000 for the first time since the start of the pandemic during the survey week for the October jobs report, or the week that includes the 12th of the month. And in the Conference Board's October Consumer Confidence Index, just 10.6% of consumers said jobs were \"hard to get,\" down from 13.0% in September. That brought the Conference Board's closely watched labor market differential, or percentage of consumers saying jobs are \"hard to get\" subtracted from the percentage saying jobs \"are plentiful,\" to 45, or its highest level since 2000.\nEconomic calendar\n\nMonday: Markit U.S. Manufacturing PMI, Oct. final (59.3 expected, 59.2 in September); Constructing spending, month-over-month, September (0.4% expected, 0.0% in August); ISM Manufacturing Index, Oct. (60.5 expected, 61.1 in September)\nTuesday: No notable reports scheduled for release\nWednesday: MBA Mortgage Applications, week ended Oct. 29 (0.3% during prior week); ADP Employment Change, Oct. (400,000 expected, 568,000 in September); ISM Services Index, October (62.0 expected, 61.9 in September); Factory Orders, September (-0.1% expected, 1.2% in August); Durable goods orders, September final (-0.4% in prior print; Durable goods orders excluding transportation, September final (0.4% in prior print); Non-defense capital goods orders excluding aircraft, September final (0.8% in prior print); Markit U.S. Services PMI, October final (58.2 expected, 58.2 in prior print); Markit U.S. Composite PMI, October final (57.3 in prior print); Federal Open Market Committee monetary policy decision\nThursday: Challenger job cuts, year-over-year, October (-84.9% in September); Initial jobless claims, week ended Oct. 30 (275,000 expected, 281,000 during prior week); Continuing claims, week ended Oct. 23 (2.147 million expected, 2.243 million during prior week); Non-farm productivity, Q3 preliminary (-3.2% expected, 2.1% in Q2); Unit Labor Costs, Q3 preliminary (6.9% expected, 1.3% in Q2); Trade balance, September (-$80.1 billion expected, -$73.3 billion in August)\nFriday: Change in non-farm payrolls, October (450,000 expected, 194,000 in September); Unemployment rate, October (4.7% expected, 4.8% in September); Average hourly earnings, month-over-month, October (4.7% expected, 4.8% in September); Average hourly earnings, year-over-year, October (4.9% expected, 4.6% in September); Labor Force Participation Rate, October (61.8% expected, 61.6% in September); Consumer Credit, September ($16.200 billion expected, $14.379 million in August)\n\nEarnings calendar\n\nMonday: Clorox (CLX), Avis Budget Group (CAR), ZoomInfo Technologies (ZI), Chegg Inc. (CHGG), Diamondback Energy (FANG), The Simon Property Group (SPG) after market close\nTuesday: Under Armour (UAA), Estee Lauder (EL), Ralph Lauren (RL), Apollo Global Management (APO), Corsair Gaming (CRSR), Bloomin' Brands (BLMN), ConocoPhillips (COP), Pfizer (PFE), Groupon (GPN), Marathon Petroleum (MPC) before market open; Mondelez (MDLZ), T-Mobile (TMUS), Akamai (AKAM), Activision Blizzard (ATVI), Lyft (LYFT), Match Group (MTCH), Devon Energy (DVN), Chesapeake Energy (CHK), Coursera (COUR), Zillow Group (ZG), Amgen (AMGN) after market close\nWednesday: Humana (HUM), Discovery Inc. (DISCA), The New York Times (NYT), Norwegian Cruise Line Holdings (NCLH), Marriott International (MAR), CVS Health Corp. (CVS), Sinclair Broadcast Group (SBGI) before market open; Booking Holdings (BKNG), Qorvo (QRVO), The Allstate Corp. (ALL), MGM Resorts International (MGM), $Take-Two Interactive Software(TTWO)$ (TTWO), Electronic Arts (EA), Vimeo (VMEO), Etsy (ETSY), GoDaddy (GDDY), Marathon Oil Corp. (MRO), Roku (ROKU), Qualcomm (QCOM) after market close\nThursday: Cigna (CI), Wayfair (W), ViacomCBS (VIAC), Nikola (NKLA), Duke Energy (DUK), Citrix Systems (CTXS), Regeneron Pharmaceuticals (REGN), Hanesbrands (HBI), Moderna (MRNA), Planet Fitness (PLNT), Vulcan Material (VMC), Kellogg (K), Square (SQ), Cloudflare (NET), Occidental Petroleum (OXY), Uber Technologies (UBER), American International Group (AIG), Shake Shack (SHAK), iHeartMedia (IHRT), Novavax (NVAX), IAC Interactive Corp. (IAC), Peloton (PTON), Dropbox (DBX), DataDog (DDOG), Pinterest (PINS), Skyworks Solutions (SWKS), Expedia (EXPE), Rocket Cos. (RKT), Live Nation Entertainment (LYV), Airbnb (ABNB)\nFriday: Wynn Resorts (WYNN), Dish Networks (DISH), Dominion Energy (D), DraftKings (DKNG), Goodyear Tire and Rubber (GT), Cinemark Holdings (CNK) before market open","news_type":1,"symbols_score_info":{"UBER":0.9,"CRSR":0.9,".IXIC":0.9,".DJI":0.9,"APO":0.9,"CLX":0.9,"BLMN":0.9,"ATVI":0.9,"PFE":0.9,"RL":0.9,"COP":0.9,".SPX":0.9,"EL":0.9}},"isVote":1,"tweetType":1,"viewCount":799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":177665131,"gmtCreate":1627212107223,"gmtModify":1631891261359,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"What bout baba?","listText":"What bout baba?","text":"What bout baba?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/177665131","repostId":"2153878189","repostType":4,"isVote":1,"tweetType":1,"viewCount":561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":605400202,"gmtCreate":1639202226920,"gmtModify":1639202227631,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605400202","repostId":"2190767366","repostType":4,"isVote":1,"tweetType":1,"viewCount":2287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873701569,"gmtCreate":1636983685426,"gmtModify":1636983685426,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/873701569","repostId":"1129444395","repostType":4,"repost":{"id":"1129444395","kind":"news","pubTimestamp":1636980609,"share":"https://www.laohu8.com/m/news/1129444395?lang=zh_CN&edition=full","pubTime":"2021-11-15 20:50","market":"us","language":"en","title":"Market Bets on a Fed Interest-Rate Mistake<blockquote>市场押注美联储利率错误</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129444395","media":"Wall Street Journal","summary":"The market is saying that the Federal Reserve is going to be raising rates sooner and faster than th","content":"<p>The market is saying that the Federal Reserve is going to be raising rates sooner and faster than the central bank itself thinks it will. But the market is also saying that rates won’t go as high as the Fed eventually thinks they will.</p><p><blockquote>市场表示，美联储加息的速度将比央行自己想象的更快、更快。但市场也表示，利率不会像美联储最终认为的那样高。</blockquote></p><p> Say what?</p><p><blockquote>说什么？</blockquote></p><p> In September, when Fed policy makers&nbsp;last offered projections&nbsp;on where they thought interest rates would go, they were split on what would happen next year: Half thought they would be leaving their target range on overnight rates near zero. Most of the rest thought they would raise the range by a quarter of a percentage point. Judging by Fed Chairman Jerome Powell’s remarks&nbsp;following the November Fed meeting, more policy makers might now be leaning toward a single, quarter-point increase than before.</p><p><blockquote>9月份，当美联储政策制定者上次对他们认为的利率走向做出预测时，他们对明年会发生什么存在分歧：一半的人认为他们将把隔夜利率的目标范围保持在接近零的水平。其余的大多数人认为他们会将范围提高四分之一个百分点。从美联储主席杰罗姆·鲍威尔在11月美联储会议后的讲话来看，现在可能有更多的政策制定者倾向于比以前加息四分之一个百分点。</blockquote></p><p> Interest-rate futures are saying something different. They now imply the odds of the Fed raising its target range by at least a half point by the end of next year at 83%, according to&nbsp;CME Group calculations. Following the Fed’s September meeting, the odds of that happening were just 22%. Moreover, the futures now put the odds of the Fed raising rates by three-quarters of a point or more at 54%.</p><p><blockquote>利率期货却有不同的说法。根据芝商所的计算，他们现在暗示美联储在明年年底前将目标区间上调至少半个百分点的可能性为83%。美联储9月份会议后，这种情况发生的可能性仅为22%。此外，期货目前显示美联储加息四分之三个百分点或更多的可能性为54%。</blockquote></p><p> The change in the market’s rate odds came about as it became clear that the supply-chain and labor issues that have been pushing inflation higher were proving more persistent than many forecasters had hoped. One interpretation is that, despite the Fed’s view that much of the recent rise in inflation will end up being transitory, investors in the rates market believe that prices will keep heading higher, that the labor market will continue to tighten and that the Fed will raise rates more than it expects.</p><p><blockquote>市场利率赔率发生变化之际，事实证明，一直推高通胀的供应链和劳动力问题比许多预测者希望的更加持久。一种解释是，尽管美联储认为近期通胀上升最终将是暂时的，但利率市场的投资者认为物价将继续走高，劳动力市场将继续收紧，美联储将加息幅度超过预期。</blockquote></p><p> By the final quarter of 2023, market pricing suggests overnight rates will average about 1.4%, according toa Federal Reserve Bank of Atlanta model, whereas the median projection among Fed policy makers has them finishing the year at 1%.</p><p><blockquote>根据亚特兰大联邦储备银行的模型，到2023年最后一个季度，市场定价表明隔夜利率平均约为1.4%，而美联储政策制定者的预测中值为1%。</blockquote></p><p> But after that, the script switches. Long-term interest rates, which are supposed to reflect investor forecasts of what overnight rates will average over the years, remain low, with the 10-year Treasury lately yielding 1.58%.A Federal Reserve Bank of San Francisco modelbased off Treasury yields and estimates of “term premia—the fudge factors investors build into Treasury prices as insurance against the risk their rate forecasts are wrong—puts overnight rates at around 1.4% at the end of 2024 and remaining around there through 2031.</p><p><blockquote>但在那之后，脚本会切换。长期利率应该反映投资者对多年来平均隔夜利率的预测，但长期利率仍然很低，10年期国债最近的收益率为1.58%。旧金山联邦储备银行的模型基于国债收益率和“期限溢价”的估计——投资者在国债价格中加入的捏造因素，作为对利率预测错误风险的保险——预计2024年底隔夜利率将保持在1.4%左右，并在2031年之前保持在这一水平。</blockquote></p><p> By contrast, Fed policy makers project their target on overnight rates will rise to 1.75% at the end of 2024. And over the longer haul they think it will rise to 2.5%.</p><p><blockquote>相比之下，美联储政策制定者预计隔夜利率目标将在2024年底升至1.75%。从长远来看，他们认为这一比例将升至2.5%。</blockquote></p><p> One interpretation of market pricing is that the Fed will raise rates in response to a burst of inflation that proves temporary, hamstringing the economy. As a result, the Fed will fall short of employment and long-term inflation goals and will never get rates to where it thinks they ought to be in a well-functioning economy. Put otherwise, the market thinks that Fed policy makers should stick with their projections and raise rates slowly. But the market also reckons the Fed will make a mistake and raise rates too quickly.</p><p><blockquote>对市场定价的一种解释是，美联储将加息以应对暂时的通胀爆发，从而削弱经济。因此，美联储将达不到就业和长期通胀目标，并且永远不会将利率提高到它认为在运转良好的经济中应该达到的水平。换句话说，市场认为美联储政策制定者应该坚持他们的预测并缓慢加息。但市场也认为美联储将犯一个错误，加息过快。</blockquote></p><p> If that seems far-fetched, it is important to remember the influence Fed policy expectations have over rates markets is hardly absolute. All sorts of factors affect long-term Treasury yields, including their levels relative to other countries’ bond yields, hedging needs and the general availability of places to safely park money over the long haul. Short-term interest-rate futures can over-adjust to changes in expectations as investors get flushed out of positions.</p><p><blockquote>如果这看起来很牵强，那么重要的是要记住美联储政策预期对利率市场的影响并不是绝对的。各种因素都会影响长期国债收益率，包括其相对于其他国家债券收益率的水平、对冲需求以及长期安全存放资金的场所的普遍可用性。随着投资者抛售头寸，短期利率期货可能会根据预期的变化过度调整。</blockquote></p><p> The market might be smarter than any one forecaster or the Federal Reserve when it comes to where rates are going. Unfortunately, it isn’t easy figuring out what the market is trying to say.</p><p><blockquote>当谈到利率走向时，市场可能比任何一个预测者或美联储都更聪明。不幸的是，要弄清楚市场想说什么并不容易。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Bets on a Fed Interest-Rate Mistake<blockquote>市场押注美联储利率错误</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\">\nMarket Bets on a Fed Interest-Rate Mistake<blockquote>市场押注美联储利率错误</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Wall Street Journal</strong><span class=\"h-time small\">2021-11-15 20:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The market is saying that the Federal Reserve is going to be raising rates sooner and faster than the central bank itself thinks it will. But the market is also saying that rates won’t go as high as the Fed eventually thinks they will.</p><p><blockquote>市场表示，美联储加息的速度将比央行自己想象的更快、更快。但市场也表示，利率不会像美联储最终认为的那样高。</blockquote></p><p> Say what?</p><p><blockquote>说什么？</blockquote></p><p> In September, when Fed policy makers&nbsp;last offered projections&nbsp;on where they thought interest rates would go, they were split on what would happen next year: Half thought they would be leaving their target range on overnight rates near zero. Most of the rest thought they would raise the range by a quarter of a percentage point. Judging by Fed Chairman Jerome Powell’s remarks&nbsp;following the November Fed meeting, more policy makers might now be leaning toward a single, quarter-point increase than before.</p><p><blockquote>9月份，当美联储政策制定者上次对他们认为的利率走向做出预测时，他们对明年会发生什么存在分歧：一半的人认为他们将把隔夜利率的目标范围保持在接近零的水平。其余的大多数人认为他们会将范围提高四分之一个百分点。从美联储主席杰罗姆·鲍威尔在11月美联储会议后的讲话来看，现在可能有更多的政策制定者倾向于比以前加息四分之一个百分点。</blockquote></p><p> Interest-rate futures are saying something different. They now imply the odds of the Fed raising its target range by at least a half point by the end of next year at 83%, according to&nbsp;CME Group calculations. Following the Fed’s September meeting, the odds of that happening were just 22%. Moreover, the futures now put the odds of the Fed raising rates by three-quarters of a point or more at 54%.</p><p><blockquote>利率期货却有不同的说法。根据芝商所的计算，他们现在暗示美联储在明年年底前将目标区间上调至少半个百分点的可能性为83%。美联储9月份会议后，这种情况发生的可能性仅为22%。此外，期货目前显示美联储加息四分之三个百分点或更多的可能性为54%。</blockquote></p><p> The change in the market’s rate odds came about as it became clear that the supply-chain and labor issues that have been pushing inflation higher were proving more persistent than many forecasters had hoped. One interpretation is that, despite the Fed’s view that much of the recent rise in inflation will end up being transitory, investors in the rates market believe that prices will keep heading higher, that the labor market will continue to tighten and that the Fed will raise rates more than it expects.</p><p><blockquote>市场利率赔率发生变化之际，事实证明，一直推高通胀的供应链和劳动力问题比许多预测者希望的更加持久。一种解释是，尽管美联储认为近期通胀上升最终将是暂时的，但利率市场的投资者认为物价将继续走高，劳动力市场将继续收紧，美联储将加息幅度超过预期。</blockquote></p><p> By the final quarter of 2023, market pricing suggests overnight rates will average about 1.4%, according toa Federal Reserve Bank of Atlanta model, whereas the median projection among Fed policy makers has them finishing the year at 1%.</p><p><blockquote>根据亚特兰大联邦储备银行的模型，到2023年最后一个季度，市场定价表明隔夜利率平均约为1.4%，而美联储政策制定者的预测中值为1%。</blockquote></p><p> But after that, the script switches. Long-term interest rates, which are supposed to reflect investor forecasts of what overnight rates will average over the years, remain low, with the 10-year Treasury lately yielding 1.58%.A Federal Reserve Bank of San Francisco modelbased off Treasury yields and estimates of “term premia—the fudge factors investors build into Treasury prices as insurance against the risk their rate forecasts are wrong—puts overnight rates at around 1.4% at the end of 2024 and remaining around there through 2031.</p><p><blockquote>但在那之后，脚本会切换。长期利率应该反映投资者对多年来平均隔夜利率的预测，但长期利率仍然很低，10年期国债最近的收益率为1.58%。旧金山联邦储备银行的模型基于国债收益率和“期限溢价”的估计——投资者在国债价格中加入的捏造因素，作为对利率预测错误风险的保险——预计2024年底隔夜利率将保持在1.4%左右，并在2031年之前保持在这一水平。</blockquote></p><p> By contrast, Fed policy makers project their target on overnight rates will rise to 1.75% at the end of 2024. And over the longer haul they think it will rise to 2.5%.</p><p><blockquote>相比之下，美联储政策制定者预计隔夜利率目标将在2024年底升至1.75%。从长远来看，他们认为这一比例将升至2.5%。</blockquote></p><p> One interpretation of market pricing is that the Fed will raise rates in response to a burst of inflation that proves temporary, hamstringing the economy. As a result, the Fed will fall short of employment and long-term inflation goals and will never get rates to where it thinks they ought to be in a well-functioning economy. Put otherwise, the market thinks that Fed policy makers should stick with their projections and raise rates slowly. But the market also reckons the Fed will make a mistake and raise rates too quickly.</p><p><blockquote>对市场定价的一种解释是，美联储将加息以应对暂时的通胀爆发，从而削弱经济。因此，美联储将达不到就业和长期通胀目标，并且永远不会将利率提高到它认为在运转良好的经济中应该达到的水平。换句话说，市场认为美联储政策制定者应该坚持他们的预测并缓慢加息。但市场也认为美联储将犯一个错误，加息过快。</blockquote></p><p> If that seems far-fetched, it is important to remember the influence Fed policy expectations have over rates markets is hardly absolute. All sorts of factors affect long-term Treasury yields, including their levels relative to other countries’ bond yields, hedging needs and the general availability of places to safely park money over the long haul. Short-term interest-rate futures can over-adjust to changes in expectations as investors get flushed out of positions.</p><p><blockquote>如果这看起来很牵强，那么重要的是要记住美联储政策预期对利率市场的影响并不是绝对的。各种因素都会影响长期国债收益率，包括其相对于其他国家债券收益率的水平、对冲需求以及长期安全存放资金的场所的普遍可用性。随着投资者抛售头寸，短期利率期货可能会根据预期的变化过度调整。</blockquote></p><p> The market might be smarter than any one forecaster or the Federal Reserve when it comes to where rates are going. Unfortunately, it isn’t easy figuring out what the market is trying to say.</p><p><blockquote>当谈到利率走向时，市场可能比任何一个预测者或美联储都更聪明。不幸的是，要弄清楚市场想说什么并不容易。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/market-bets-on-a-fed-interest-rate-mistake-11636977780?siteid=yhoof2\">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":{},"source_url":"https://www.wsj.com/articles/market-bets-on-a-fed-interest-rate-mistake-11636977780?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129444395","content_text":"The market is saying that the Federal Reserve is going to be raising rates sooner and faster than the central bank itself thinks it will. But the market is also saying that rates won’t go as high as the Fed eventually thinks they will.\nSay what?\nIn September, when Fed policy makers last offered projections on where they thought interest rates would go, they were split on what would happen next year: Half thought they would be leaving their target range on overnight rates near zero. Most of the rest thought they would raise the range by a quarter of a percentage point. Judging by Fed Chairman Jerome Powell’s remarks following the November Fed meeting, more policy makers might now be leaning toward a single, quarter-point increase than before.\nInterest-rate futures are saying something different. They now imply the odds of the Fed raising its target range by at least a half point by the end of next year at 83%, according to CME Group calculations. Following the Fed’s September meeting, the odds of that happening were just 22%. Moreover, the futures now put the odds of the Fed raising rates by three-quarters of a point or more at 54%.\nThe change in the market’s rate odds came about as it became clear that the supply-chain and labor issues that have been pushing inflation higher were proving more persistent than many forecasters had hoped. One interpretation is that, despite the Fed’s view that much of the recent rise in inflation will end up being transitory, investors in the rates market believe that prices will keep heading higher, that the labor market will continue to tighten and that the Fed will raise rates more than it expects.\nBy the final quarter of 2023, market pricing suggests overnight rates will average about 1.4%, according toa Federal Reserve Bank of Atlanta model, whereas the median projection among Fed policy makers has them finishing the year at 1%.\nBut after that, the script switches. Long-term interest rates, which are supposed to reflect investor forecasts of what overnight rates will average over the years, remain low, with the 10-year Treasury lately yielding 1.58%.A Federal Reserve Bank of San Francisco modelbased off Treasury yields and estimates of “term premia—the fudge factors investors build into Treasury prices as insurance against the risk their rate forecasts are wrong—puts overnight rates at around 1.4% at the end of 2024 and remaining around there through 2031.\nBy contrast, Fed policy makers project their target on overnight rates will rise to 1.75% at the end of 2024. And over the longer haul they think it will rise to 2.5%.\nOne interpretation of market pricing is that the Fed will raise rates in response to a burst of inflation that proves temporary, hamstringing the economy. As a result, the Fed will fall short of employment and long-term inflation goals and will never get rates to where it thinks they ought to be in a well-functioning economy. Put otherwise, the market thinks that Fed policy makers should stick with their projections and raise rates slowly. But the market also reckons the Fed will make a mistake and raise rates too quickly.\nIf that seems far-fetched, it is important to remember the influence Fed policy expectations have over rates markets is hardly absolute. All sorts of factors affect long-term Treasury yields, including their levels relative to other countries’ bond yields, hedging needs and the general availability of places to safely park money over the long haul. Short-term interest-rate futures can over-adjust to changes in expectations as investors get flushed out of positions.\nThe market might be smarter than any one forecaster or the Federal Reserve when it comes to where rates are going. Unfortunately, it isn’t easy figuring out what the market is trying to say.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842069786,"gmtCreate":1636120995202,"gmtModify":1636120995305,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842069786","repostId":"2181743825","repostType":4,"isVote":1,"tweetType":1,"viewCount":2122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":833169474,"gmtCreate":1629210804798,"gmtModify":1631891261208,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"🤦🏻‍♀️","listText":"🤦🏻‍♀️","text":"🤦🏻‍♀️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833169474","repostId":"1165994740","repostType":4,"repost":{"id":"1165994740","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":1629208983,"share":"https://www.laohu8.com/m/news/1165994740?lang=zh_CN&edition=full","pubTime":"2021-08-17 22:03","market":"us","language":"en","title":"Semiconductor stocks continue dipping<blockquote>半导体股继续下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165994740","media":"Tiger Newspress","summary":"(Aug 17) Semiconductor stocks continue dipping.","content":"<p>(Aug 17)&nbsp;Semiconductor stocks continue dipping.</p><p><blockquote>（8月17日）半导体股继续下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a55e85893069d155ca0b730ac8c886fa\" tg-width=\"375\" tg-height=\"365\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Semiconductor stocks continue dipping<blockquote>半导体股继续下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\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\">\nSemiconductor stocks continue dipping<blockquote>半导体股继续下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-17 22:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug 17)&nbsp;Semiconductor stocks continue dipping.</p><p><blockquote>（8月17日）半导体股继续下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a55e85893069d155ca0b730ac8c886fa\" tg-width=\"375\" tg-height=\"365\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165994740","content_text":"(Aug 17) Semiconductor stocks continue dipping.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":877745155,"gmtCreate":1637991727753,"gmtModify":1637991727848,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/877745155","repostId":"1137622508","repostType":4,"isVote":1,"tweetType":1,"viewCount":1660,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879237259,"gmtCreate":1636727688805,"gmtModify":1636727688892,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879237259","repostId":"2182236092","repostType":4,"isVote":1,"tweetType":1,"viewCount":1678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878926544,"gmtCreate":1637140728770,"gmtModify":1637141115188,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878926544","repostId":"1117913583","repostType":4,"repost":{"id":"1117913583","kind":"news","pubTimestamp":1637140534,"share":"https://www.laohu8.com/m/news/1117913583?lang=zh_CN&edition=full","pubTime":"2021-11-17 17:15","market":"us","language":"en","title":"Amazon to stop accepting Visa credit cards issued in UK - Bloomberg News<blockquote>亚马逊将停止接受在英国发行的Visa信用卡-彭博新闻</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117913583","media":"Reuters","summary":"Amazon.com Inc(AMZN.O)will stop accepting payments made using Visa Inc(V.N)credit cards issued in th","content":"<p>Amazon.com Inc(AMZN.O)will stop accepting payments made using Visa Inc(V.N)credit cards issued in the United Kingdom starting next year, Bloomberg News reported on Wednesday.</p><p><blockquote>据彭博社周三报道，亚马逊公司(AMZN.O)将从明年开始停止接受使用在英国发行的Visa Inc(V.N)信用卡进行的支付。</blockquote></p><p> Amazon customers can still use Visa debit cards, Mastercard and Amex credit cards as well as Visa credit cards issued outside of the UK, Bloombergsaid, citing information that the company shared with its customers.</p><p><blockquote>彭博社援引该公司与其客户分享的信息称，亚马逊客户仍然可以使用Visa借记卡、万事达卡和美国运通信用卡以及英国境外发行的Visa信用卡。</blockquote></p><p> Some customers received a notification from Amazon this week after making purchases, which said that \"starting 19 January 2022, we will no longer accept Visa credit cards issued in the UK\" due to the high fees charged by Visa to process the transactions, as per the report.</p><p><blockquote>据报道，一些客户在购物后本周收到了亚马逊的通知，称“从2022年1月19日开始，我们将不再接受在英国发行的Visa信用卡”，因为Visa处理交易收取高额费用。</blockquote></p><p> Amazon and Visa did not immediately respond to Reuters' request for a comment.</p><p><blockquote>亚马逊和Visa没有立即回应路透社的置评请求。</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>Amazon to stop accepting Visa credit cards issued in UK - Bloomberg News<blockquote>亚马逊将停止接受在英国发行的Visa信用卡-彭博新闻</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\">\nAmazon to stop accepting Visa credit cards issued in UK - Bloomberg News<blockquote>亚马逊将停止接受在英国发行的Visa信用卡-彭博新闻</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-17 17:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Amazon.com Inc(AMZN.O)will stop accepting payments made using Visa Inc(V.N)credit cards issued in the United Kingdom starting next year, Bloomberg News reported on Wednesday.</p><p><blockquote>据彭博社周三报道，亚马逊公司(AMZN.O)将从明年开始停止接受使用在英国发行的Visa Inc(V.N)信用卡进行的支付。</blockquote></p><p> Amazon customers can still use Visa debit cards, Mastercard and Amex credit cards as well as Visa credit cards issued outside of the UK, Bloombergsaid, citing information that the company shared with its customers.</p><p><blockquote>彭博社援引该公司与其客户分享的信息称，亚马逊客户仍然可以使用Visa借记卡、万事达卡和美国运通信用卡以及英国境外发行的Visa信用卡。</blockquote></p><p> Some customers received a notification from Amazon this week after making purchases, which said that \"starting 19 January 2022, we will no longer accept Visa credit cards issued in the UK\" due to the high fees charged by Visa to process the transactions, as per the report.</p><p><blockquote>据报道，一些客户在购物后本周收到了亚马逊的通知，称“从2022年1月19日开始，我们将不再接受在英国发行的Visa信用卡”，因为Visa处理交易收取高额费用。</blockquote></p><p> Amazon and Visa did not immediately respond to Reuters' request for a comment.</p><p><blockquote>亚马逊和Visa没有立即回应路透社的置评请求。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/retail-consumer/amazon-stop-accepting-visa-credit-cards-issued-uk-bloomberg-news-2021-11-17/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa","AMZN":"亚马逊"},"source_url":"https://www.reuters.com/business/retail-consumer/amazon-stop-accepting-visa-credit-cards-issued-uk-bloomberg-news-2021-11-17/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117913583","content_text":"Amazon.com Inc(AMZN.O)will stop accepting payments made using Visa Inc(V.N)credit cards issued in the United Kingdom starting next year, Bloomberg News reported on Wednesday.\nAmazon customers can still use Visa debit cards, Mastercard and Amex credit cards as well as Visa credit cards issued outside of the UK, Bloombergsaid, citing information that the company shared with its customers.\nSome customers received a notification from Amazon this week after making purchases, which said that \"starting 19 January 2022, we will no longer accept Visa credit cards issued in the UK\" due to the high fees charged by Visa to process the transactions, as per the report.\nAmazon and Visa did not immediately respond to Reuters' request for a comment.","news_type":1,"symbols_score_info":{"AMZN":0.9,"V":0.9}},"isVote":1,"tweetType":1,"viewCount":2015,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849506132,"gmtCreate":1635763506063,"gmtModify":1635763506063,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/849506132","repostId":"1128592931","repostType":4,"repost":{"id":"1128592931","kind":"news","pubTimestamp":1635762527,"share":"https://www.laohu8.com/m/news/1128592931?lang=zh_CN&edition=full","pubTime":"2021-11-01 18:28","market":"us","language":"en","title":"Economic Data Scheduled For Monday<blockquote>经济数据定于周一公布</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128592931","media":"Benzinga","summary":"The manufacturing PMI for October is scheduled for release at 9:45 a.m. ET. The flash reading slowed","content":"<p><div> The manufacturing PMI for October is scheduled for release at 9:45 a.m. ET. The flash reading slowed in October, but still remained very strong at 59.2. Analysts, meanwhile, expect final October’s ...</p><p><blockquote><div>10月份制造业PMI定于美国东部时间上午9:45发布。10月份的闪存读数有所放缓，但仍保持在59.2。与此同时，分析师预计10月份的最终...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/23782585/economic-data-scheduled-for-monday\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/23782585/economic-data-scheduled-for-monday\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Economic Data Scheduled For Monday<blockquote>经济数据定于周一公布</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\">\nEconomic Data Scheduled For Monday<blockquote>经济数据定于周一公布</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-01 18:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The manufacturing PMI for October is scheduled for release at 9:45 a.m. ET. The flash reading slowed in October, but still remained very strong at 59.2. Analysts, meanwhile, expect final October’s ...</p><p><blockquote><div>10月份制造业PMI定于美国东部时间上午9:45发布。10月份的闪存读数有所放缓，但仍保持在59.2。与此同时，分析师预计10月份的最终...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/23782585/economic-data-scheduled-for-monday\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/23782585/economic-data-scheduled-for-monday\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/11/23782585/economic-data-scheduled-for-monday\">Benzinga</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":{},"source_url":"https://www.benzinga.com/news/21/11/23782585/economic-data-scheduled-for-monday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128592931","content_text":"The manufacturing PMI for October is scheduled for release at 9:45 a.m. ET. The flash reading slowed in October, but still remained very strong at 59.2. Analysts, meanwhile, expect final October’s reading to remain unchanged at 59.2\nThe ISM manufacturing index for October will be released at 10:00 a.m. ET. The ISM index is expected to decline slightly to 60.3 in October from previous reading of 61.1.\nData on construction spending for September will be released at 10:00 a.m. ET. Analysts expect construction spending rising 0.5% in September after coming in unchanged in August.\nThe Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":172829298,"gmtCreate":1626952927814,"gmtModify":1633769448573,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Haven breakeven another correction 🤦🏻‍♀️","listText":"Haven breakeven another correction 🤦🏻‍♀️","text":"Haven breakeven another correction 🤦🏻‍♀️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172829298","repostId":"1192458370","repostType":4,"repost":{"id":"1192458370","kind":"news","pubTimestamp":1626938362,"share":"https://www.laohu8.com/m/news/1192458370?lang=zh_CN&edition=full","pubTime":"2021-07-22 15:19","market":"us","language":"en","title":"Entering The Worst Seasonal Period Of The Year, And 10 Other Reasons Why Goldman Braces For An August Correction<blockquote>进入一年中最糟糕的季节性时期，以及高盛准备迎接8月份调整的其他10个原因</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1192458370","media":"zerohedge","summary":"In a stark reversal to its bullish sentiment at the start of the month, when the bank first noted - ","content":"<p>In a stark reversal to its bullish sentiment at the start of the month, when the bank first noted - correctly - that the S&amp;P was entering itsbest 2-week seasonal period of the yearwhich it did between July 1 and 15 when it posted a series of new all time highs (before dumping on the 16th and the 19th)...</p><p><blockquote>这与本月初的看涨情绪截然不同，当时该行首次正确地指出，S&amp;P正在进入一年中最好的两周季节性时期，7月1日至15日期间公布了一系列新高（在16日和19日抛售之前）...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e7dc88222112e4655f492c56509f9d64\" tg-width=\"1280\" tg-height=\"467\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> ... followed by a lengthy rationalization why \"the shorts will have to cover\", Goldman has been turning surprisingly bearish in recent days, and two days after Goldman flow trader John Flood urged Goldman clients \"not to buy this dip\" on Monday (spoiler alert: they did) his trading desk colleague Scott Rubner has published a report previewing why he anticipates a correction in the coming days and continuing through the Jackson Hole symposium at the end of August.</p><p><blockquote>...在对为什么“空头必须回补”进行冗长的合理化解释之后，高盛最近几天出人意料地变得看跌，在高盛流量交易员约翰·弗洛德周一敦促高盛客户“不要逢低买入”两天后（剧透警告：他们做到了），他的交易部门同事斯科特·鲁布纳（Scott Rubner）发表了一份报告，预览了为什么他预计未来几天会出现调整，并将持续到8月底的杰克逊霍尔研讨会。</blockquote></p><p> His note, from which we excerpt below, contains the key arguments behind Goldman's August \"correction\" thesis, including tactical flow of funds, an acceleration of sellers, and feedback from the GS equity trading floor.</p><p><blockquote>我们在下面摘录他的报告，其中包含高盛8月份“修正”论点背后的关键论点，包括战术性资金流动、卖家加速以及GS股票交易大厅的反馈。</blockquote></p><p> So without further ado, here is Rubner, who lays out his \"<b><i>11 point checklist for an August correction\"</i></b>, starting by noting that \"<i>the #1 question that has hit my inbox/IB in the past 48 hours. What happens to the equity market when there is an outflow and buy demand slows?</i>\" As we read below, the most appropriate answer is \"nothing good.\"</p><p><blockquote>所以事不宜迟，下面是鲁布纳，他展示了他的“<b><i>8月份修正的11点清单”</i></b>，首先注意到“<i>过去48小时内我收件箱/IB中出现的第一个问题。当资金外流且购买需求放缓时，股市会发生什么？</i>正如我们在下面读到的，最合适的答案是“没什么好的。”</blockquote></p><p>   <i>11 point Checklist - Consensus client feedback for a quick equity risk reduction into potentially lower buy demand into Jackson hole. The consensus feedback seems to be calling for a -5% correction, which really gets to -4%. This is a recap of the talking points about to hit your inbox this week. I think this morning’s rally gets faded as buy tickets are completed early in the day.</i>   <i><b>“Selling rallies” is the new dynamic vs. buying dips.</b></i>  <u><b>1. Weak Seasonals</b></u>- Since 1928, we just exited the best two-week period of the year. Friday’s option expiry ended the best seasonal period of the year.<b>August seasonals are not market friendly and trend lower all of August, for the 4th worst two-week seasonal period of the year</b>. Today you are here and Jackson hole is the low point of this chart. Since 1950, there have been 19 times in 72 years that the S&amp;P is up at least &gt;10% through the first half of the year. The median return for August specifically, following a strong 1H is typically down -51bps, before rallying higher.</p><p><blockquote><i>11点清单-一致的客户反馈，以快速降低股票风险，从而降低杰克逊霍尔的潜在购买需求。共识反馈似乎要求修正-5%，实际上达到了-4%。这是本周即将进入你收件箱的话题的回顾。我认为今天早上的反弹会随着当天早些时候买票的完成而消退。</i><i><b>“逢高卖出”是与逢低买入的新动态。</b></i><u><b>1.季节性疲软</b></u>——自1928年以来，我们刚刚结束了一年中最好的两周时期。周五期权到期结束了一年中最好的季节性时期。<b>八月季节性对市场不利，整个八月呈下降趋势，为一年中第四糟糕的两周季节性时期</b>.今天你在这里，杰克逊霍尔是这张图表的低点。自1950年以来，72年来，S&amp;P指数有19次在上半年上涨至少超过10%。在强劲的1H之后，8月份的回报率中值通常会下降-51个基点，然后反弹走高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f41d55d3d45aecb40b0f24e53de17363\" tg-width=\"694\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <u><b>2. Largest outflows of the year</b></u>- Investors allocate capital into the market in July and we have seen these record inflows. This is the biggest dynamic in the equity market this year period. Inflows continue at a record pace, annualizing at $1.2 trillion inflows for 2021. 401k inflows predominately flowed in S&amp;P and NDX rather than ROW.</p><p><blockquote><u><b>2.年度最大流出量</b></u>-投资者在7月份向市场分配资金，我们已经看到了这些创纪录的资金流入。这是今年股市最大的动态。资金流入继续以创纪录的速度增长，2021年年流入量为1.2万亿美元。401k资金主要流入S&amp;P和NDX，而不是ROW。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9d67c2e0a1590d44ff3be03c2c86c88e\" tg-width=\"645\" tg-height=\"368\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/a58d02645303f22b7e53b58698e11f56\" tg-width=\"508\" tg-height=\"338\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <u><b>3. Reversal of flows predicted for August</b></u>- Equity inflows are not common in August. Over the last 30 years,<b>August typically sees the largest outflows of the year</b>. -15bps of AUM typically leaves stock market funds in August, on ~22 Trillion, we model -$33B worth of equities for sale.</p><p><blockquote><u><b>3.8月份预测流量的逆转</b></u>——8月份股权流入并不常见。在过去的30年里，<b>八月通常是一年中最大的资金流出</b>.-15个基点的资产管理规模通常会在8月份离开股市基金，我们模拟价值约22万亿美元的股票待售。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3308ac184f4fde82ba6c27fbcfbdd86f\" tg-width=\"579\" tg-height=\"340\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/005f51048f49a72597db950884245e8c\" tg-width=\"563\" tg-height=\"351\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><u>4. Outflows cont.</u></b>To be clear, -$33B is not a significant $ figure when adjusted for market cap, however more important is that it’s not an inflow. The index level has remained at ATHs given inflows bid up the largest and biggest market cap index weights. On Monday we saw a large MOC imbalance for sale, this was unusual.</p><p><blockquote><b><u>4.流出续。</u></b>需要明确的是，-330亿美元在调整市值后并不是一个重要的数字，但更重要的是它不是流入。鉴于资金流入抬高了最大和最大市值指数权重，该指数水平仍保持在ATHs。周一，我们看到一个巨大的MOC失衡出售，这是不寻常的。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d98939cb6e06e80bc643fdca6801fb0a\" tg-width=\"268\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <u><b>5. Passive flows drive largest marketcaps</b></u>- Passive ETFs logged the best full year of inflows on record, in just the first half of the year. (+500b). I watch the tape every day register large MOC imbalances to buy at 3:50pm EST,<b>but what if this dynamic fades.</b>Remember $1 inflow into SPY flows $.23 cents into top 5 companies and $1 inflow into QQQ flows $.41 cents into top 5. If inflows flip to outflows you will no longer see broad index dynamic.<b>Then investors need to decide which sector becomes the funding source for outflows.</b></p><p><blockquote><u><b>5.被动流动推动最大市值</b></u>-仅在今年上半年，被动型ETF就创下了有记录以来最好的全年资金流入。(+500b)。我每天都看录像带记录大量的MOC失衡在美国东部时间下午3:50购买，<b>但是如果这种动力消失了呢？</b>请记住，流入SPDR标普500指数ETF的1美元将流入前5名公司0.23美分，流入QQQ的1美元将流入前5名公司0.41美分。如果流入转为流出，您将不再看到广泛的指数动态。<b>那么投资者需要决定哪个板块成为流出的资金来源。</b></blockquote></p><p></p><p> Just how important has this been for the S&amp;P 500? Important!</p><p><blockquote>这对标普500有多重要？重要的！</blockquote></p><p> <ul>  <li>Global Equity: 1-year: +$600B passive (IN) vs. $0.0B active (OUT) = &gt;$600B.</li>  <li>Global Equity: 5-year: +$2.30T passive (IN) vs. -$1.90T active (OUT) = &gt;$4.2T</li>  <li>Global Equity: 10-year: +$4T passive (IN) vs. -$3.0T active (OUT) = &gt;$7.0T</li>  <li>Current Global Equity Active AUM of $10.099T exceeds &gt; Current Global Equity Passive AUM $7.225 T.</li> </ul> <img src=\"https://static.tigerbbs.com/72aadadcd243a659f1e3cc9fc8f75c1b\" tg-width=\"666\" tg-height=\"375\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5419e040f7d023061743d473ffef59d1\" tg-width=\"666\" tg-height=\"375\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/4fff3382eec0b783b12411fb653c6718\" tg-width=\"663\" tg-height=\"377\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>全球股票：1年期：+600B美元被动（入）与0.0 B美元主动（出）=&gt;600B美元。</li><li>全球股票：5年期：+$2.30 T被动（入）vs.-$1.90 T主动（出）=&gt;$4.2 T</li><li>全球股票：10年期：+$4T被动（入）vs.-$3.0 T主动（出）=&gt;$7.0 T</li><li>当前全球股票主动资产管理规模为10.099吨，超过当前全球股票被动资产管理规模7.225吨。</li></ul></blockquote></p><p> <i>Side note: ETFs represented 36% of the notional executed volumes, last levels since in March/April 2020. (YTD average) = 24%. Did you see the massive volumes in SQQQ Monday (3x short QQQ)?</i></p><p><blockquote><i>旁注：ETF占名义执行量的36%，为2020年3月/4月以来的最后水平。（年初至今平均值）=24%。你看到SQQQ周一的巨量（3倍空头QQQ）了吗？</i></blockquote></p><p> <u><b>6. Single Stock Calls</b></u>- This is set up is very similar to July and August 2020 blow-off top as a result of call option trading. Reminder, S&amp;P sold off -392bps in September 2020 after call option volumes started to fade.</p><p><blockquote><u><b>六、单一股票评级</b></u>-这是非常类似于2020年7月和8月看涨期权期权交易的结果吹顶。提醒一下，在看涨期权期权交易量开始消退后，标准普尔在2020年9月抛售了-392个基点。</blockquote></p><p> <ul>  <li>Option notional has averaged an all-time record of +$550B per day in July. The top 3 traded stocks (AAPL, AMZN, and TSLA) make up $300B of daily volumes. Breadth in both options and stocks is low.</li>  <li>\"Of 4000 Tradeable Single Stock options, the top 3 names make up 56% of the daily avg notional traded. Adding in the next 7, that ratio jumps to 72%.\"</li>  <li>\"Said another way the top 10 underliers trade 3x more notional on an average day than the bottom 3990”</li>  <li>This is an important dynamic to monitor.</li> </ul> <img src=\"https://static.tigerbbs.com/be539bca2d8b556e65d32bbe28f2abb4\" tg-width=\"676\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>7月份，Option notional的平均交易量创下了每天+5500亿美元的历史纪录。交易量最大的3只股票（AAPL、AMZN和TSLA）的日交易量为300B美元。期权和股票的广度都很低。</li><li>“在4000份可交易的单一股票期权中，前3名占每日平均名义交易量的56%。加上接下来的7份，这一比例跃升至72%。”</li><li>“换句话说，前10名底层股票平均每天的名义交易量是底部3990点的3倍”</li><li>这是一个需要监控的重要动态。</li></ul></blockquote></p><p> <u><b>7. Call Options cont.</b></u>- Retail has pivoted from trading weekly call options on GME and AMC - only $6B combined notional per day to the stay-at-home playbook. The names with the highest daily option trading are also the largest index weights. In addition to ETF flows, the retail call option buying frenzy also takes the street short weekly gamma on single names. 75% of single stock options traded today have an expiry of two weeks or less.<b>Said another way, given GS YOLO risk sentiment basket has rolled over, does AAPL need to catch down next (or at least not see YOLO flows).</b></p><p><blockquote><u><b>7.看涨期权期权续。</b></u>-零售业已从每周在GME和AMC上交易看涨期权期权（每天名义价值仅为6B美元）转向居家策略。每日期权交易量最高的公司也是指数权重最大的公司。除了ETF流量之外，散户看涨期权期权购买狂潮也导致了单一股票的街头空头每周伽马值。今天交易的75%的单一股票期权的到期时间为两周或更短。<b>换句话说，鉴于GS YOLO风险情绪篮子已经滚动，AAPL下一步是否需要赶上（或者至少看不到YOLO流量）。</b></blockquote></p><p> $181bln/day AMZN</p><p><blockquote>1810亿美元/天AMZN</blockquote></p><p> $ 82bln/day TSLA</p><p><blockquote>820亿美元/天TSLA</blockquote></p><p> $ 36bln/day AAPL</p><p><blockquote>360亿美元/天AAPL</blockquote></p><p> --------------</p><p><blockquote>--------------</blockquote></p><p> <b>TOTAL TSLA/AMZN/AAPL: $299bln/day&nbsp; ------- What happens if call volume in mega cap tech declines?</b></p><p><blockquote><b>TSLA/AMZN/AAPL总额：2990亿美元/天——如果大型科技股的看涨期权交易量下降会发生什么？</b></blockquote></p><p> <ul>  <li>$ 26bln/day NVDA</li>  <li>$ 14bln/day GOOGL</li>  <li>$ 11bln/day FB</li>  <li>$ 10bln/day MSFT</li>  <li>$&nbsp; 8bln/day SHOP</li>  <li>$&nbsp; 8bln/day GOOG</li>  <li>$&nbsp; 8bln/day NFLX</li>  <li>$&nbsp; 7bln/day BABA</li> </ul> --------------</p><p><blockquote><ul><li>260亿美元/天NVDA</li><li>140亿美元/天GOOGL</li><li>110亿美元/天FB</li><li>100亿美元/天MSFT</li><li>80亿美元/天的商店</li><li>80亿美元/天GOOG</li><li>80亿美元/天NFLX</li><li>70亿美元/天阿里巴巴</li></ul>--------------</blockquote></p><p> <b>TOTAL GOOG/GOOGL/MSFT/FB/NFLX/NVDA/SHOP/BABA: $90bln/day</b></p><p><blockquote><b>GOOG/GOOGL/MSFT/FB/NFLX/NVDA/SHOP/BABA总计：900亿美元/天</b></blockquote></p><p> <ul>  <li>$&nbsp; 4bln/day AMC</li>  <li>$&nbsp; 2bln/day GME</li> </ul> --------------</p><p><blockquote><ul><li>40亿美元/天AMC</li><li>20亿美元/天GME</li></ul>--------------</blockquote></p><p> <b>TOTAL AMC/GME: $6bln/day&nbsp; ------- No Mo’ Yolo? See chart below.</b></p><p><blockquote><b>AMC/GME总额：60亿美元/天——没有莫约洛？见下图。</b></blockquote></p><p> All other underlyings: $141bln/day</p><p><blockquote>所有其他基础资产：1410亿美元/天</blockquote></p><p> <u><i><b>Total single stock option market:</b></i></u></p><p><blockquote><u><i><b>单一股票期权市场总额：</b></i></u></blockquote></p><p> <ul>  <li>$299bln/day TSLA/AMZN/AAPL</li>  <li>$ 90bln/day GOOG/GOOGL/MSFT/FB/NFLX/NVDA/SHOP/BABA</li>  <li>$&nbsp; 6bln/day AMC/GME</li>  <li>$141bln/day All other underlyings</li> </ul> --------------------</p><p><blockquote><ul><li>2990亿美元/天TSLA/AMZN/AAPL</li><li>900亿美元/天GOOG/GOOGL/MSFT/FB/NFLX/NVDA/SHOP/BABA</li><li>60亿美元/天AMC/GME</li><li>1410亿美元/天所有其他基础</li></ul>--------------------</blockquote></p><p> <b>$537bln/day Total</b></p><p><blockquote><b>5370亿美元/天总计</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/1f5678ad5b66dd918c2cbb51263c9df0\" tg-width=\"650\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><u>8. Option Gamma Unwinds</u></b>- Option Expiry just rolled off -85% of the market long gamma. The market now has the ability to move more freely and trade less long gamma. Everyday last week the market would rally into the bell as dealers re-hedge their gamma (buying the dips). I get worried about summer end-of-day liquidity without gamma hedging and passive demand. I think there will be also a “institutional” demand to buy hedges into Jackson Hole fulling removing the long gamma taking the street short to hedge downside. We have seen more puts and put spreads on the desk this week than any week of 2021.</p><p><blockquote><b><u>8.期权Gamma平仓</u></b>-期权到期刚刚下跌-85%的市场多头伽马。市场现在有能力更自由地波动，交易更少的多头伽马。上周的每一天，随着交易商重新对冲他们的伽马（逢低买入），市场都会在收盘时反弹。我担心没有伽马对冲和被动需求的夏季日终流动性。我认为还将有“机构”需求购买杰克逊霍尔对冲基金，消除多头伽马，让华尔街做空以对冲下行。本周我们看到的看跌期权和看跌价差比2021年任何一周都多。</blockquote></p><p> <ul>  <li>Wednesday (7/14) SPX gamma = +$4,625B</li>  <li>Thursday (7/15) SPX gamma = +$3,620B</li>  <li>Friday (7/16) SPX gamma = +$3,136B</li>  <li>Monday (7/19) SPX gamma = +$2,698B</li>  <li>Tuesday (7/20) SPX Gamma = +$713B.</li> </ul> <b>the Long S&amp;P 500 gamma has been reduced by -85% in the past 5 days taking dealers less long gamma.</b>This dynamic changes market behavior and we are seeing little demand to systematically overwrite from here even despite the move higher in vols. This is new.</p><p><blockquote><ul><li>周三(7/14)SPX gamma=+$4,625 B</li><li>周四(7/15)SPX gamma=+$3,620 B</li><li>周五(7/16)SPX gamma=+$3,136 B</li><li>周一(7/19)SPX gamma=+$2,698 B</li><li>周二(7/20)SPX Gamma=+$713B。</li></ul><b>在过去的5天里，多头标普500伽马减少了-85%，交易商的多头伽马减少了。</b>这种动态改变了市场行为，尽管成交量走高，但我们几乎没有看到系统覆盖的需求。这是新的。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/b78215d53696f99f4c746f296ae2d225\" tg-width=\"797\" tg-height=\"598\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <u><b>9. Systematic</b></u>- Non-economic is already near the max exposure and have little scope to add further from here. No threshold levels have triggered so far, but it is important to note the lack of ability to add from here, which asymmetrically skews the downside.</p><p><blockquote><u><b>9.系统性</b></u>-非经济风险已经接近最大敞口，并且几乎没有进一步增加的空间。到目前为止，还没有触发阈值水平，但重要的是要注意缺乏从这里添加的能力，这不对称地扭曲了下行方向。</blockquote></p><p> <ul>  <li><b>CTA</b>- 90% percentile on 1-year rank, 84% percentile on 3-yr rank.</li>  <li><b>GS models</b>-$9B of equities for sale over the next week. CTA’s are sellers in an up tape, down tape, down big tape. That’s not common. Check out big asymmetry to the downside over the next 1 month.</li>  <li><b>GS short term CTA ES1 Flip Level</b>= $4,257.90. We tripped this circuit breaker yesterday, but are higher this am. I expect GS sell expectations to increase.</li> </ul> <img src=\"https://static.tigerbbs.com/3efe5f0b54f671b5c1b366ff5514cf5c\" tg-width=\"751\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/232a48ec7525cb179f6cd8bc285b7e55\" tg-width=\"499\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li><b>CTA</b>-1年排名90%百分位数，3年排名84%百分位数。</li><li><b>GS型号</b>-下周将出售90亿美元的股票。CTA是处于上涨带、下跌带、下跌大带的卖家。这并不常见。检查未来1个月的下行大不对称。</li><li><b>GS短期CTA ES1翻转电平</b>=$4,257.90.我们昨天跳闸了这个断路器，但是今天上午更高。我预计GS卖出预期会增加。</li></ul></blockquote></p><p> <b>b) Vol Control - 86% percentile on 1-year rank, 75% percentile on 3-yr rank. FYI. SPX Put/Call Ratio hit a fresh 1 year high yesterday.</b></p><p><blockquote><b>b)体积控制-1年等级为86%百分位数，3年等级为75%百分位数。仅供参考。SPX看跌期权/看涨期权比率昨日创下一年新高。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/a5553785fd8a0a66e717f5579ba6ee91\" tg-width=\"500\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>c) Risk Parity - 100% percentile on 1-year rank, 53% percentile on 3-yr rank.</b></p><p><blockquote><b>c)风险平价-1年等级为100%百分位数，3年等级为53%百分位数。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/9be4d94aa1cd38dad335c1424d3be626\" tg-width=\"500\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>d) Total Systematic - 92% percentile on 1-year rank, 80% percentile on 3-yr rank. This is important. This non-emotional demand is at the max and will be sellers lower.</b></p><p><blockquote><b>d)总系统-1年等级为92%百分位数，3年等级为80%百分位数。这很重要。这种非情绪化的需求是最大的，卖家会更低。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/4068fa4e9a8c6c06f77627c9ee6e07b8\" tg-width=\"500\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <u><b>10. Liquidity</b></u>- The unofficial Rubner out of office outlook (OOO) reply meter. My note last week has week had the largest out of office kickbacks to the tune of “see you in a few weeks” or “gone fishing”. The upcoming calendar into Jackson Hole is important.</p><p><blockquote><u><b>10.流动资金</b></u>-非官方的Rubner外出展望(OOO)回复表。我上周的笔记是“几周后见”或“去钓鱼”的办公室回扣最多的一周。即将到来的杰克逊霍尔日历很重要。</blockquote></p><p> <ol>  <li>next few weeks, extended vacation schedule first time in 12 months, etc, moved forward because Jackson hole.</li>  <li>Jackson Hole, August 26 (Thursday) - August 28 (Saturday) – Friday is the likely the key calendar, but potentially Saturday will be important. This moves hedges to the following week.</li>  <li>Labor Day, September 6 (Monday exchange holiday) - late this year</li>  <li>approximate First day of Children’s school, September 7 (Tuesday)</li>  <li>Liquidity = August Summer – ZZZZ. Top book liquidity declined SUBSTANTIALLY into the sell off yesterday.</li> </ol> *** despite being ranked 10 in the checklist. This is really chart #1. Liquidity dried up substantially yesterday on the screens. This chart peaked at $36M last Monday to $10.810M yesterday. This is a drop of $25M $ or ~70% in on screws liquidity in 1 week.</p><p><blockquote><ol><li>接下来的几周，12个月来首次延长假期，等等，因为杰克逊霍尔提前了。</li><li>杰克逊霍尔，8月26日（星期四）-8月28日（星期六）-周五可能是关键的日历，但周六也可能很重要。这将对冲移至下周。</li><li>劳动节，9月6日（周一交换假期）-今年晚些时候</li><li>大约孩子开学第一天，9月7日（星期二）</li><li>流动性=八月夏季-ZZZZ。在昨天的抛售中，账面流动性大幅下降。</li></ol>***尽管在清单中排名第10。这实际上是图表#1。昨天屏幕上的流动性大幅枯竭。该图表上周一达到3600万美元的峰值，昨天达到1081万美元。这意味着螺丝流动性在一周内下降了2500万美元或约70%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/60db9087f28d7496be38eafbc0fa755e\" tg-width=\"650\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <u><b>11. Buybacks</b></u>: Buybacks are here, but so is equity issuance, which neutralizes the buyback impulse. As corporates meet corporates. From Sales and trading colleague, John Flood in his most recent trading note.</p><p><blockquote><u><b>11.回购</b></u>：回购来了，但股权发行也来了，中和了回购冲动。当公司遇到公司时。来自销售和交易同事John Flood在他最近的交易笔记中。</blockquote></p><p> <i>“It has been a paper party and this paper is getting harder to place. Last week we priced 11 registered deals in the U.S. ($3b notional) and this week already working on another 18 ($10b). This is especially noteworthy while in the depths of July.“</i></p><p><blockquote><i>“这是一场纸面派对，而且这张纸面越来越难放置。上周我们在美国对11笔注册交易进行了定价（名义价值30亿美元），本周我们已经在处理另外18笔交易（名义价值100亿美元）。这在七月深处尤其值得注意。”</i></blockquote></p><p> <ul>  <li>Last week there was $6.2 billion in equity issuance, compared with the July weekly average of $3.4 billion since 2000.</li>  <li>Last week there were 27 equity deals brought to market, compared with the July average of 15 deals per week since 2000.</li> </ul> <img src=\"https://static.tigerbbs.com/b680be938f506ba528c382fdb7d805ba\" tg-width=\"897\" tg-height=\"606\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>上周股票发行量为62亿美元，而2000年以来7月份每周平均发行量为34亿美元。</li><li>上周有27笔股票交易上市，而自2000年以来7月份平均每周15笔交易。</li></ul></blockquote></p><p> <i><b>Bottom Line:</b></i><i>Keep Tactical Flow of Funds Checklist on your radar for August. The technical market structure dynamics changes substantially during August</i><i><b>. I think there will be a dip (-5%) and it is meant to be bought heading late into Jackson Hole.</b></i><i>The consensus is calling for a larger equity market correction, I do not see it given the amount of capital in the system. I change my tone if we trigger key levels to the downside as sellers are lower. If August outflows actually happen, I think tech underperforms cyclical value reopen given high concentration and largest passive impact.</i><i><b>Once we see the first outflow in August, this will be the macro trigger for a tactical short</b></i><i>. Stay tuned and keep an eye on liquidity.</i></p><p><blockquote><i><b>底线：</b></i><i>在八月份把战术资金流清单放在你的雷达上。8月份技术市场结构动态发生较大变化</i><i><b>.我认为会有下跌（-5%），应该在杰克逊霍尔后期买入。</b></i><i>人们的共识是呼吁股市进行更大规模的调整，考虑到系统中的资本数量，我认为这是不可能的。如果我们在卖家走低时触发关键水平下跌，我会改变我的语气。如果8月份的资金外流确实发生，我认为鉴于高度集中和最大的被动影响，科技股的表现不如周期性价值重新开放。</i><i><b>一旦我们在8月份看到第一次流出，这将是战术空头的宏观触发器</b></i><i>.敬请关注，紧盯流动性。</i></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>Entering The Worst Seasonal Period Of The Year, And 10 Other Reasons Why Goldman Braces For An August Correction<blockquote>进入一年中最糟糕的季节性时期，以及高盛准备迎接8月份调整的其他10个原因</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEntering The Worst Seasonal Period Of The Year, And 10 Other Reasons Why Goldman Braces For An August Correction<blockquote>进入一年中最糟糕的季节性时期，以及高盛准备迎接8月份调整的其他10个原因</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 15:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In a stark reversal to its bullish sentiment at the start of the month, when the bank first noted - correctly - that the S&amp;P was entering itsbest 2-week seasonal period of the yearwhich it did between July 1 and 15 when it posted a series of new all time highs (before dumping on the 16th and the 19th)...</p><p><blockquote>这与本月初的看涨情绪截然不同，当时该行首次正确地指出，S&amp;P正在进入一年中最好的两周季节性时期，7月1日至15日期间公布了一系列新高（在16日和19日抛售之前）...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e7dc88222112e4655f492c56509f9d64\" tg-width=\"1280\" tg-height=\"467\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> ... followed by a lengthy rationalization why \"the shorts will have to cover\", Goldman has been turning surprisingly bearish in recent days, and two days after Goldman flow trader John Flood urged Goldman clients \"not to buy this dip\" on Monday (spoiler alert: they did) his trading desk colleague Scott Rubner has published a report previewing why he anticipates a correction in the coming days and continuing through the Jackson Hole symposium at the end of August.</p><p><blockquote>...在对为什么“空头必须回补”进行冗长的合理化解释之后，高盛最近几天出人意料地变得看跌，在高盛流量交易员约翰·弗洛德周一敦促高盛客户“不要逢低买入”两天后（剧透警告：他们做到了），他的交易部门同事斯科特·鲁布纳（Scott Rubner）发表了一份报告，预览了为什么他预计未来几天会出现调整，并将持续到8月底的杰克逊霍尔研讨会。</blockquote></p><p> His note, from which we excerpt below, contains the key arguments behind Goldman's August \"correction\" thesis, including tactical flow of funds, an acceleration of sellers, and feedback from the GS equity trading floor.</p><p><blockquote>我们在下面摘录他的报告，其中包含高盛8月份“修正”论点背后的关键论点，包括战术性资金流动、卖家加速以及GS股票交易大厅的反馈。</blockquote></p><p> So without further ado, here is Rubner, who lays out his \"<b><i>11 point checklist for an August correction\"</i></b>, starting by noting that \"<i>the #1 question that has hit my inbox/IB in the past 48 hours. What happens to the equity market when there is an outflow and buy demand slows?</i>\" As we read below, the most appropriate answer is \"nothing good.\"</p><p><blockquote>所以事不宜迟，下面是鲁布纳，他展示了他的“<b><i>8月份修正的11点清单”</i></b>，首先注意到“<i>过去48小时内我收件箱/IB中出现的第一个问题。当资金外流且购买需求放缓时，股市会发生什么？</i>正如我们在下面读到的，最合适的答案是“没什么好的。”</blockquote></p><p>   <i>11 point Checklist - Consensus client feedback for a quick equity risk reduction into potentially lower buy demand into Jackson hole. The consensus feedback seems to be calling for a -5% correction, which really gets to -4%. This is a recap of the talking points about to hit your inbox this week. I think this morning’s rally gets faded as buy tickets are completed early in the day.</i>   <i><b>“Selling rallies” is the new dynamic vs. buying dips.</b></i>  <u><b>1. Weak Seasonals</b></u>- Since 1928, we just exited the best two-week period of the year. Friday’s option expiry ended the best seasonal period of the year.<b>August seasonals are not market friendly and trend lower all of August, for the 4th worst two-week seasonal period of the year</b>. Today you are here and Jackson hole is the low point of this chart. Since 1950, there have been 19 times in 72 years that the S&amp;P is up at least &gt;10% through the first half of the year. The median return for August specifically, following a strong 1H is typically down -51bps, before rallying higher.</p><p><blockquote><i>11点清单-一致的客户反馈，以快速降低股票风险，从而降低杰克逊霍尔的潜在购买需求。共识反馈似乎要求修正-5%，实际上达到了-4%。这是本周即将进入你收件箱的话题的回顾。我认为今天早上的反弹会随着当天早些时候买票的完成而消退。</i><i><b>“逢高卖出”是与逢低买入的新动态。</b></i><u><b>1.季节性疲软</b></u>——自1928年以来，我们刚刚结束了一年中最好的两周时期。周五期权到期结束了一年中最好的季节性时期。<b>八月季节性对市场不利，整个八月呈下降趋势，为一年中第四糟糕的两周季节性时期</b>.今天你在这里，杰克逊霍尔是这张图表的低点。自1950年以来，72年来，S&amp;P指数有19次在上半年上涨至少超过10%。在强劲的1H之后，8月份的回报率中值通常会下降-51个基点，然后反弹走高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f41d55d3d45aecb40b0f24e53de17363\" tg-width=\"694\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <u><b>2. Largest outflows of the year</b></u>- Investors allocate capital into the market in July and we have seen these record inflows. This is the biggest dynamic in the equity market this year period. Inflows continue at a record pace, annualizing at $1.2 trillion inflows for 2021. 401k inflows predominately flowed in S&amp;P and NDX rather than ROW.</p><p><blockquote><u><b>2.年度最大流出量</b></u>-投资者在7月份向市场分配资金，我们已经看到了这些创纪录的资金流入。这是今年股市最大的动态。资金流入继续以创纪录的速度增长，2021年年流入量为1.2万亿美元。401k资金主要流入S&amp;P和NDX，而不是ROW。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9d67c2e0a1590d44ff3be03c2c86c88e\" tg-width=\"645\" tg-height=\"368\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/a58d02645303f22b7e53b58698e11f56\" tg-width=\"508\" tg-height=\"338\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <u><b>3. Reversal of flows predicted for August</b></u>- Equity inflows are not common in August. Over the last 30 years,<b>August typically sees the largest outflows of the year</b>. -15bps of AUM typically leaves stock market funds in August, on ~22 Trillion, we model -$33B worth of equities for sale.</p><p><blockquote><u><b>3.8月份预测流量的逆转</b></u>——8月份股权流入并不常见。在过去的30年里，<b>八月通常是一年中最大的资金流出</b>.-15个基点的资产管理规模通常会在8月份离开股市基金，我们模拟价值约22万亿美元的股票待售。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3308ac184f4fde82ba6c27fbcfbdd86f\" tg-width=\"579\" tg-height=\"340\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/005f51048f49a72597db950884245e8c\" tg-width=\"563\" tg-height=\"351\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><u>4. Outflows cont.</u></b>To be clear, -$33B is not a significant $ figure when adjusted for market cap, however more important is that it’s not an inflow. The index level has remained at ATHs given inflows bid up the largest and biggest market cap index weights. On Monday we saw a large MOC imbalance for sale, this was unusual.</p><p><blockquote><b><u>4.流出续。</u></b>需要明确的是，-330亿美元在调整市值后并不是一个重要的数字，但更重要的是它不是流入。鉴于资金流入抬高了最大和最大市值指数权重，该指数水平仍保持在ATHs。周一，我们看到一个巨大的MOC失衡出售，这是不寻常的。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d98939cb6e06e80bc643fdca6801fb0a\" tg-width=\"268\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <u><b>5. Passive flows drive largest marketcaps</b></u>- Passive ETFs logged the best full year of inflows on record, in just the first half of the year. (+500b). I watch the tape every day register large MOC imbalances to buy at 3:50pm EST,<b>but what if this dynamic fades.</b>Remember $1 inflow into SPY flows $.23 cents into top 5 companies and $1 inflow into QQQ flows $.41 cents into top 5. If inflows flip to outflows you will no longer see broad index dynamic.<b>Then investors need to decide which sector becomes the funding source for outflows.</b></p><p><blockquote><u><b>5.被动流动推动最大市值</b></u>-仅在今年上半年，被动型ETF就创下了有记录以来最好的全年资金流入。(+500b)。我每天都看录像带记录大量的MOC失衡在美国东部时间下午3:50购买，<b>但是如果这种动力消失了呢？</b>请记住，流入SPDR标普500指数ETF的1美元将流入前5名公司0.23美分，流入QQQ的1美元将流入前5名公司0.41美分。如果流入转为流出，您将不再看到广泛的指数动态。<b>那么投资者需要决定哪个板块成为流出的资金来源。</b></blockquote></p><p></p><p> Just how important has this been for the S&amp;P 500? Important!</p><p><blockquote>这对标普500有多重要？重要的！</blockquote></p><p> <ul>  <li>Global Equity: 1-year: +$600B passive (IN) vs. $0.0B active (OUT) = &gt;$600B.</li>  <li>Global Equity: 5-year: +$2.30T passive (IN) vs. -$1.90T active (OUT) = &gt;$4.2T</li>  <li>Global Equity: 10-year: +$4T passive (IN) vs. -$3.0T active (OUT) = &gt;$7.0T</li>  <li>Current Global Equity Active AUM of $10.099T exceeds &gt; Current Global Equity Passive AUM $7.225 T.</li> </ul> <img src=\"https://static.tigerbbs.com/72aadadcd243a659f1e3cc9fc8f75c1b\" tg-width=\"666\" tg-height=\"375\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5419e040f7d023061743d473ffef59d1\" tg-width=\"666\" tg-height=\"375\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/4fff3382eec0b783b12411fb653c6718\" tg-width=\"663\" tg-height=\"377\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>全球股票：1年期：+600B美元被动（入）与0.0 B美元主动（出）=&gt;600B美元。</li><li>全球股票：5年期：+$2.30 T被动（入）vs.-$1.90 T主动（出）=&gt;$4.2 T</li><li>全球股票：10年期：+$4T被动（入）vs.-$3.0 T主动（出）=&gt;$7.0 T</li><li>当前全球股票主动资产管理规模为10.099吨，超过当前全球股票被动资产管理规模7.225吨。</li></ul></blockquote></p><p> <i>Side note: ETFs represented 36% of the notional executed volumes, last levels since in March/April 2020. (YTD average) = 24%. Did you see the massive volumes in SQQQ Monday (3x short QQQ)?</i></p><p><blockquote><i>旁注：ETF占名义执行量的36%，为2020年3月/4月以来的最后水平。（年初至今平均值）=24%。你看到SQQQ周一的巨量（3倍空头QQQ）了吗？</i></blockquote></p><p> <u><b>6. Single Stock Calls</b></u>- This is set up is very similar to July and August 2020 blow-off top as a result of call option trading. Reminder, S&amp;P sold off -392bps in September 2020 after call option volumes started to fade.</p><p><blockquote><u><b>六、单一股票评级</b></u>-这是非常类似于2020年7月和8月看涨期权期权交易的结果吹顶。提醒一下，在看涨期权期权交易量开始消退后，标准普尔在2020年9月抛售了-392个基点。</blockquote></p><p> <ul>  <li>Option notional has averaged an all-time record of +$550B per day in July. The top 3 traded stocks (AAPL, AMZN, and TSLA) make up $300B of daily volumes. Breadth in both options and stocks is low.</li>  <li>\"Of 4000 Tradeable Single Stock options, the top 3 names make up 56% of the daily avg notional traded. Adding in the next 7, that ratio jumps to 72%.\"</li>  <li>\"Said another way the top 10 underliers trade 3x more notional on an average day than the bottom 3990”</li>  <li>This is an important dynamic to monitor.</li> </ul> <img src=\"https://static.tigerbbs.com/be539bca2d8b556e65d32bbe28f2abb4\" tg-width=\"676\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>7月份，Option notional的平均交易量创下了每天+5500亿美元的历史纪录。交易量最大的3只股票（AAPL、AMZN和TSLA）的日交易量为300B美元。期权和股票的广度都很低。</li><li>“在4000份可交易的单一股票期权中，前3名占每日平均名义交易量的56%。加上接下来的7份，这一比例跃升至72%。”</li><li>“换句话说，前10名底层股票平均每天的名义交易量是底部3990点的3倍”</li><li>这是一个需要监控的重要动态。</li></ul></blockquote></p><p> <u><b>7. Call Options cont.</b></u>- Retail has pivoted from trading weekly call options on GME and AMC - only $6B combined notional per day to the stay-at-home playbook. The names with the highest daily option trading are also the largest index weights. In addition to ETF flows, the retail call option buying frenzy also takes the street short weekly gamma on single names. 75% of single stock options traded today have an expiry of two weeks or less.<b>Said another way, given GS YOLO risk sentiment basket has rolled over, does AAPL need to catch down next (or at least not see YOLO flows).</b></p><p><blockquote><u><b>7.看涨期权期权续。</b></u>-零售业已从每周在GME和AMC上交易看涨期权期权（每天名义价值仅为6B美元）转向居家策略。每日期权交易量最高的公司也是指数权重最大的公司。除了ETF流量之外，散户看涨期权期权购买狂潮也导致了单一股票的街头空头每周伽马值。今天交易的75%的单一股票期权的到期时间为两周或更短。<b>换句话说，鉴于GS YOLO风险情绪篮子已经滚动，AAPL下一步是否需要赶上（或者至少看不到YOLO流量）。</b></blockquote></p><p> $181bln/day AMZN</p><p><blockquote>1810亿美元/天AMZN</blockquote></p><p> $ 82bln/day TSLA</p><p><blockquote>820亿美元/天TSLA</blockquote></p><p> $ 36bln/day AAPL</p><p><blockquote>360亿美元/天AAPL</blockquote></p><p> --------------</p><p><blockquote>--------------</blockquote></p><p> <b>TOTAL TSLA/AMZN/AAPL: $299bln/day&nbsp; ------- What happens if call volume in mega cap tech declines?</b></p><p><blockquote><b>TSLA/AMZN/AAPL总额：2990亿美元/天——如果大型科技股的看涨期权交易量下降会发生什么？</b></blockquote></p><p> <ul>  <li>$ 26bln/day NVDA</li>  <li>$ 14bln/day GOOGL</li>  <li>$ 11bln/day FB</li>  <li>$ 10bln/day MSFT</li>  <li>$&nbsp; 8bln/day SHOP</li>  <li>$&nbsp; 8bln/day GOOG</li>  <li>$&nbsp; 8bln/day NFLX</li>  <li>$&nbsp; 7bln/day BABA</li> </ul> --------------</p><p><blockquote><ul><li>260亿美元/天NVDA</li><li>140亿美元/天GOOGL</li><li>110亿美元/天FB</li><li>100亿美元/天MSFT</li><li>80亿美元/天的商店</li><li>80亿美元/天GOOG</li><li>80亿美元/天NFLX</li><li>70亿美元/天阿里巴巴</li></ul>--------------</blockquote></p><p> <b>TOTAL GOOG/GOOGL/MSFT/FB/NFLX/NVDA/SHOP/BABA: $90bln/day</b></p><p><blockquote><b>GOOG/GOOGL/MSFT/FB/NFLX/NVDA/SHOP/BABA总计：900亿美元/天</b></blockquote></p><p> <ul>  <li>$&nbsp; 4bln/day AMC</li>  <li>$&nbsp; 2bln/day GME</li> </ul> --------------</p><p><blockquote><ul><li>40亿美元/天AMC</li><li>20亿美元/天GME</li></ul>--------------</blockquote></p><p> <b>TOTAL AMC/GME: $6bln/day&nbsp; ------- No Mo’ Yolo? See chart below.</b></p><p><blockquote><b>AMC/GME总额：60亿美元/天——没有莫约洛？见下图。</b></blockquote></p><p> All other underlyings: $141bln/day</p><p><blockquote>所有其他基础资产：1410亿美元/天</blockquote></p><p> <u><i><b>Total single stock option market:</b></i></u></p><p><blockquote><u><i><b>单一股票期权市场总额：</b></i></u></blockquote></p><p> <ul>  <li>$299bln/day TSLA/AMZN/AAPL</li>  <li>$ 90bln/day GOOG/GOOGL/MSFT/FB/NFLX/NVDA/SHOP/BABA</li>  <li>$&nbsp; 6bln/day AMC/GME</li>  <li>$141bln/day All other underlyings</li> </ul> --------------------</p><p><blockquote><ul><li>2990亿美元/天TSLA/AMZN/AAPL</li><li>900亿美元/天GOOG/GOOGL/MSFT/FB/NFLX/NVDA/SHOP/BABA</li><li>60亿美元/天AMC/GME</li><li>1410亿美元/天所有其他基础</li></ul>--------------------</blockquote></p><p> <b>$537bln/day Total</b></p><p><blockquote><b>5370亿美元/天总计</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/1f5678ad5b66dd918c2cbb51263c9df0\" tg-width=\"650\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b><u>8. Option Gamma Unwinds</u></b>- Option Expiry just rolled off -85% of the market long gamma. The market now has the ability to move more freely and trade less long gamma. Everyday last week the market would rally into the bell as dealers re-hedge their gamma (buying the dips). I get worried about summer end-of-day liquidity without gamma hedging and passive demand. I think there will be also a “institutional” demand to buy hedges into Jackson Hole fulling removing the long gamma taking the street short to hedge downside. We have seen more puts and put spreads on the desk this week than any week of 2021.</p><p><blockquote><b><u>8.期权Gamma平仓</u></b>-期权到期刚刚下跌-85%的市场多头伽马。市场现在有能力更自由地波动，交易更少的多头伽马。上周的每一天，随着交易商重新对冲他们的伽马（逢低买入），市场都会在收盘时反弹。我担心没有伽马对冲和被动需求的夏季日终流动性。我认为还将有“机构”需求购买杰克逊霍尔对冲基金，消除多头伽马，让华尔街做空以对冲下行。本周我们看到的看跌期权和看跌价差比2021年任何一周都多。</blockquote></p><p> <ul>  <li>Wednesday (7/14) SPX gamma = +$4,625B</li>  <li>Thursday (7/15) SPX gamma = +$3,620B</li>  <li>Friday (7/16) SPX gamma = +$3,136B</li>  <li>Monday (7/19) SPX gamma = +$2,698B</li>  <li>Tuesday (7/20) SPX Gamma = +$713B.</li> </ul> <b>the Long S&amp;P 500 gamma has been reduced by -85% in the past 5 days taking dealers less long gamma.</b>This dynamic changes market behavior and we are seeing little demand to systematically overwrite from here even despite the move higher in vols. This is new.</p><p><blockquote><ul><li>周三(7/14)SPX gamma=+$4,625 B</li><li>周四(7/15)SPX gamma=+$3,620 B</li><li>周五(7/16)SPX gamma=+$3,136 B</li><li>周一(7/19)SPX gamma=+$2,698 B</li><li>周二(7/20)SPX Gamma=+$713B。</li></ul><b>在过去的5天里，多头标普500伽马减少了-85%，交易商的多头伽马减少了。</b>这种动态改变了市场行为，尽管成交量走高，但我们几乎没有看到系统覆盖的需求。这是新的。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/b78215d53696f99f4c746f296ae2d225\" tg-width=\"797\" tg-height=\"598\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <u><b>9. Systematic</b></u>- Non-economic is already near the max exposure and have little scope to add further from here. No threshold levels have triggered so far, but it is important to note the lack of ability to add from here, which asymmetrically skews the downside.</p><p><blockquote><u><b>9.系统性</b></u>-非经济风险已经接近最大敞口，并且几乎没有进一步增加的空间。到目前为止，还没有触发阈值水平，但重要的是要注意缺乏从这里添加的能力，这不对称地扭曲了下行方向。</blockquote></p><p> <ul>  <li><b>CTA</b>- 90% percentile on 1-year rank, 84% percentile on 3-yr rank.</li>  <li><b>GS models</b>-$9B of equities for sale over the next week. CTA’s are sellers in an up tape, down tape, down big tape. That’s not common. Check out big asymmetry to the downside over the next 1 month.</li>  <li><b>GS short term CTA ES1 Flip Level</b>= $4,257.90. We tripped this circuit breaker yesterday, but are higher this am. I expect GS sell expectations to increase.</li> </ul> <img src=\"https://static.tigerbbs.com/3efe5f0b54f671b5c1b366ff5514cf5c\" tg-width=\"751\" tg-height=\"323\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/232a48ec7525cb179f6cd8bc285b7e55\" tg-width=\"499\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li><b>CTA</b>-1年排名90%百分位数，3年排名84%百分位数。</li><li><b>GS型号</b>-下周将出售90亿美元的股票。CTA是处于上涨带、下跌带、下跌大带的卖家。这并不常见。检查未来1个月的下行大不对称。</li><li><b>GS短期CTA ES1翻转电平</b>=$4,257.90.我们昨天跳闸了这个断路器，但是今天上午更高。我预计GS卖出预期会增加。</li></ul></blockquote></p><p> <b>b) Vol Control - 86% percentile on 1-year rank, 75% percentile on 3-yr rank. FYI. SPX Put/Call Ratio hit a fresh 1 year high yesterday.</b></p><p><blockquote><b>b)体积控制-1年等级为86%百分位数，3年等级为75%百分位数。仅供参考。SPX看跌期权/看涨期权比率昨日创下一年新高。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/a5553785fd8a0a66e717f5579ba6ee91\" tg-width=\"500\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>c) Risk Parity - 100% percentile on 1-year rank, 53% percentile on 3-yr rank.</b></p><p><blockquote><b>c)风险平价-1年等级为100%百分位数，3年等级为53%百分位数。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/9be4d94aa1cd38dad335c1424d3be626\" tg-width=\"500\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>d) Total Systematic - 92% percentile on 1-year rank, 80% percentile on 3-yr rank. This is important. This non-emotional demand is at the max and will be sellers lower.</b></p><p><blockquote><b>d)总系统-1年等级为92%百分位数，3年等级为80%百分位数。这很重要。这种非情绪化的需求是最大的，卖家会更低。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/4068fa4e9a8c6c06f77627c9ee6e07b8\" tg-width=\"500\" tg-height=\"300\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <u><b>10. Liquidity</b></u>- The unofficial Rubner out of office outlook (OOO) reply meter. My note last week has week had the largest out of office kickbacks to the tune of “see you in a few weeks” or “gone fishing”. The upcoming calendar into Jackson Hole is important.</p><p><blockquote><u><b>10.流动资金</b></u>-非官方的Rubner外出展望(OOO)回复表。我上周的笔记是“几周后见”或“去钓鱼”的办公室回扣最多的一周。即将到来的杰克逊霍尔日历很重要。</blockquote></p><p> <ol>  <li>next few weeks, extended vacation schedule first time in 12 months, etc, moved forward because Jackson hole.</li>  <li>Jackson Hole, August 26 (Thursday) - August 28 (Saturday) – Friday is the likely the key calendar, but potentially Saturday will be important. This moves hedges to the following week.</li>  <li>Labor Day, September 6 (Monday exchange holiday) - late this year</li>  <li>approximate First day of Children’s school, September 7 (Tuesday)</li>  <li>Liquidity = August Summer – ZZZZ. Top book liquidity declined SUBSTANTIALLY into the sell off yesterday.</li> </ol> *** despite being ranked 10 in the checklist. This is really chart #1. Liquidity dried up substantially yesterday on the screens. This chart peaked at $36M last Monday to $10.810M yesterday. This is a drop of $25M $ or ~70% in on screws liquidity in 1 week.</p><p><blockquote><ol><li>接下来的几周，12个月来首次延长假期，等等，因为杰克逊霍尔提前了。</li><li>杰克逊霍尔，8月26日（星期四）-8月28日（星期六）-周五可能是关键的日历，但周六也可能很重要。这将对冲移至下周。</li><li>劳动节，9月6日（周一交换假期）-今年晚些时候</li><li>大约孩子开学第一天，9月7日（星期二）</li><li>流动性=八月夏季-ZZZZ。在昨天的抛售中，账面流动性大幅下降。</li></ol>***尽管在清单中排名第10。这实际上是图表#1。昨天屏幕上的流动性大幅枯竭。该图表上周一达到3600万美元的峰值，昨天达到1081万美元。这意味着螺丝流动性在一周内下降了2500万美元或约70%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/60db9087f28d7496be38eafbc0fa755e\" tg-width=\"650\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <u><b>11. Buybacks</b></u>: Buybacks are here, but so is equity issuance, which neutralizes the buyback impulse. As corporates meet corporates. From Sales and trading colleague, John Flood in his most recent trading note.</p><p><blockquote><u><b>11.回购</b></u>：回购来了，但股权发行也来了，中和了回购冲动。当公司遇到公司时。来自销售和交易同事John Flood在他最近的交易笔记中。</blockquote></p><p> <i>“It has been a paper party and this paper is getting harder to place. Last week we priced 11 registered deals in the U.S. ($3b notional) and this week already working on another 18 ($10b). This is especially noteworthy while in the depths of July.“</i></p><p><blockquote><i>“这是一场纸面派对，而且这张纸面越来越难放置。上周我们在美国对11笔注册交易进行了定价（名义价值30亿美元），本周我们已经在处理另外18笔交易（名义价值100亿美元）。这在七月深处尤其值得注意。”</i></blockquote></p><p> <ul>  <li>Last week there was $6.2 billion in equity issuance, compared with the July weekly average of $3.4 billion since 2000.</li>  <li>Last week there were 27 equity deals brought to market, compared with the July average of 15 deals per week since 2000.</li> </ul> <img src=\"https://static.tigerbbs.com/b680be938f506ba528c382fdb7d805ba\" tg-width=\"897\" tg-height=\"606\" referrerpolicy=\"no-referrer\"></p><p><blockquote><ul><li>上周股票发行量为62亿美元，而2000年以来7月份每周平均发行量为34亿美元。</li><li>上周有27笔股票交易上市，而自2000年以来7月份平均每周15笔交易。</li></ul></blockquote></p><p> <i><b>Bottom Line:</b></i><i>Keep Tactical Flow of Funds Checklist on your radar for August. The technical market structure dynamics changes substantially during August</i><i><b>. I think there will be a dip (-5%) and it is meant to be bought heading late into Jackson Hole.</b></i><i>The consensus is calling for a larger equity market correction, I do not see it given the amount of capital in the system. I change my tone if we trigger key levels to the downside as sellers are lower. If August outflows actually happen, I think tech underperforms cyclical value reopen given high concentration and largest passive impact.</i><i><b>Once we see the first outflow in August, this will be the macro trigger for a tactical short</b></i><i>. Stay tuned and keep an eye on liquidity.</i></p><p><blockquote><i><b>底线：</b></i><i>在八月份把战术资金流清单放在你的雷达上。8月份技术市场结构动态发生较大变化</i><i><b>.我认为会有下跌（-5%），应该在杰克逊霍尔后期买入。</b></i><i>人们的共识是呼吁股市进行更大规模的调整，考虑到系统中的资本数量，我认为这是不可能的。如果我们在卖家走低时触发关键水平下跌，我会改变我的语气。如果8月份的资金外流确实发生，我认为鉴于高度集中和最大的被动影响，科技股的表现不如周期性价值重新开放。</i><i><b>一旦我们在8月份看到第一次流出，这将是战术空头的宏观触发器</b></i><i>.敬请关注，紧盯流动性。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/entering-worst-seasonal-period-year-and-10-other-reasons-why-goldman-braces-august\">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":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/entering-worst-seasonal-period-year-and-10-other-reasons-why-goldman-braces-august","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192458370","content_text":"In a stark reversal to its bullish sentiment at the start of the month, when the bank first noted - correctly - that the S&P was entering itsbest 2-week seasonal period of the yearwhich it did between July 1 and 15 when it posted a series of new all time highs (before dumping on the 16th and the 19th)...\n\n... followed by a lengthy rationalization why \"the shorts will have to cover\", Goldman has been turning surprisingly bearish in recent days, and two days after Goldman flow trader John Flood urged Goldman clients \"not to buy this dip\" on Monday (spoiler alert: they did) his trading desk colleague Scott Rubner has published a report previewing why he anticipates a correction in the coming days and continuing through the Jackson Hole symposium at the end of August.\nHis note, from which we excerpt below, contains the key arguments behind Goldman's August \"correction\" thesis, including tactical flow of funds, an acceleration of sellers, and feedback from the GS equity trading floor.\nSo without further ado, here is Rubner, who lays out his \"11 point checklist for an August correction\", starting by noting that \"the #1 question that has hit my inbox/IB in the past 48 hours. What happens to the equity market when there is an outflow and buy demand slows?\" As we read below, the most appropriate answer is \"nothing good.\"\n\n11 point Checklist - Consensus client feedback for a quick equity risk reduction into potentially lower buy demand into Jackson hole. The consensus feedback seems to be calling for a -5% correction, which really gets to -4%. This is a recap of the talking points about to hit your inbox this week. I think this morning’s rally gets faded as buy tickets are completed early in the day.\n“Selling rallies” is the new dynamic vs. buying dips.\n\n1. Weak Seasonals- Since 1928, we just exited the best two-week period of the year. Friday’s option expiry ended the best seasonal period of the year.August seasonals are not market friendly and trend lower all of August, for the 4th worst two-week seasonal period of the year. Today you are here and Jackson hole is the low point of this chart. Since 1950, there have been 19 times in 72 years that the S&P is up at least >10% through the first half of the year. The median return for August specifically, following a strong 1H is typically down -51bps, before rallying higher.\n\n2. Largest outflows of the year- Investors allocate capital into the market in July and we have seen these record inflows. This is the biggest dynamic in the equity market this year period. Inflows continue at a record pace, annualizing at $1.2 trillion inflows for 2021. 401k inflows predominately flowed in S&P and NDX rather than ROW.\n\n3. Reversal of flows predicted for August- Equity inflows are not common in August. Over the last 30 years,August typically sees the largest outflows of the year. -15bps of AUM typically leaves stock market funds in August, on ~22 Trillion, we model -$33B worth of equities for sale.\n\n4. Outflows cont.To be clear, -$33B is not a significant $ figure when adjusted for market cap, however more important is that it’s not an inflow. The index level has remained at ATHs given inflows bid up the largest and biggest market cap index weights. On Monday we saw a large MOC imbalance for sale, this was unusual.\n\n5. Passive flows drive largest marketcaps- Passive ETFs logged the best full year of inflows on record, in just the first half of the year. (+500b). I watch the tape every day register large MOC imbalances to buy at 3:50pm EST,but what if this dynamic fades.Remember $1 inflow into SPY flows $.23 cents into top 5 companies and $1 inflow into QQQ flows $.41 cents into top 5. If inflows flip to outflows you will no longer see broad index dynamic.Then investors need to decide which sector becomes the funding source for outflows.\nJust how important has this been for the S&P 500? Important!\n\nGlobal Equity: 1-year: +$600B passive (IN) vs. $0.0B active (OUT) = >$600B.\nGlobal Equity: 5-year: +$2.30T passive (IN) vs. -$1.90T active (OUT) = >$4.2T\nGlobal Equity: 10-year: +$4T passive (IN) vs. -$3.0T active (OUT) = >$7.0T\nCurrent Global Equity Active AUM of $10.099T exceeds > Current Global Equity Passive AUM $7.225 T.\n\n\nSide note: ETFs represented 36% of the notional executed volumes, last levels since in March/April 2020. (YTD average) = 24%. Did you see the massive volumes in SQQQ Monday (3x short QQQ)?\n6. Single Stock Calls- This is set up is very similar to July and August 2020 blow-off top as a result of call option trading. Reminder, S&P sold off -392bps in September 2020 after call option volumes started to fade.\n\nOption notional has averaged an all-time record of +$550B per day in July. The top 3 traded stocks (AAPL, AMZN, and TSLA) make up $300B of daily volumes. Breadth in both options and stocks is low.\n\"Of 4000 Tradeable Single Stock options, the top 3 names make up 56% of the daily avg notional traded. Adding in the next 7, that ratio jumps to 72%.\"\n\"Said another way the top 10 underliers trade 3x more notional on an average day than the bottom 3990”\nThis is an important dynamic to monitor.\n\n\n7. Call Options cont.- Retail has pivoted from trading weekly call options on GME and AMC - only $6B combined notional per day to the stay-at-home playbook. The names with the highest daily option trading are also the largest index weights. In addition to ETF flows, the retail call option buying frenzy also takes the street short weekly gamma on single names. 75% of single stock options traded today have an expiry of two weeks or less.Said another way, given GS YOLO risk sentiment basket has rolled over, does AAPL need to catch down next (or at least not see YOLO flows).\n$181bln/day AMZN\n$ 82bln/day TSLA\n$ 36bln/day AAPL\n--------------\nTOTAL TSLA/AMZN/AAPL: $299bln/day  ------- What happens if call volume in mega cap tech declines?\n\n$ 26bln/day NVDA\n$ 14bln/day GOOGL\n$ 11bln/day FB\n$ 10bln/day MSFT\n$  8bln/day SHOP\n$  8bln/day GOOG\n$  8bln/day NFLX\n$  7bln/day BABA\n\n--------------\nTOTAL GOOG/GOOGL/MSFT/FB/NFLX/NVDA/SHOP/BABA: $90bln/day\n\n$  4bln/day AMC\n$  2bln/day GME\n\n--------------\nTOTAL AMC/GME: $6bln/day  ------- No Mo’ Yolo? See chart below.\nAll other underlyings: $141bln/day\nTotal single stock option market:\n\n$299bln/day TSLA/AMZN/AAPL\n$ 90bln/day GOOG/GOOGL/MSFT/FB/NFLX/NVDA/SHOP/BABA\n$  6bln/day AMC/GME\n$141bln/day All other underlyings\n\n--------------------\n$537bln/day Total\n\n8. Option Gamma Unwinds- Option Expiry just rolled off -85% of the market long gamma. The market now has the ability to move more freely and trade less long gamma. Everyday last week the market would rally into the bell as dealers re-hedge their gamma (buying the dips). I get worried about summer end-of-day liquidity without gamma hedging and passive demand. I think there will be also a “institutional” demand to buy hedges into Jackson Hole fulling removing the long gamma taking the street short to hedge downside. We have seen more puts and put spreads on the desk this week than any week of 2021.\n\nWednesday (7/14) SPX gamma = +$4,625B\nThursday (7/15) SPX gamma = +$3,620B\nFriday (7/16) SPX gamma = +$3,136B\nMonday (7/19) SPX gamma = +$2,698B\nTuesday (7/20) SPX Gamma = +$713B.\n\nthe Long S&P 500 gamma has been reduced by -85% in the past 5 days taking dealers less long gamma.This dynamic changes market behavior and we are seeing little demand to systematically overwrite from here even despite the move higher in vols. This is new.\n\n9. Systematic- Non-economic is already near the max exposure and have little scope to add further from here. No threshold levels have triggered so far, but it is important to note the lack of ability to add from here, which asymmetrically skews the downside.\n\nCTA- 90% percentile on 1-year rank, 84% percentile on 3-yr rank.\nGS models-$9B of equities for sale over the next week. CTA’s are sellers in an up tape, down tape, down big tape. That’s not common. Check out big asymmetry to the downside over the next 1 month.\nGS short term CTA ES1 Flip Level= $4,257.90. We tripped this circuit breaker yesterday, but are higher this am. I expect GS sell expectations to increase.\n\n\nb) Vol Control - 86% percentile on 1-year rank, 75% percentile on 3-yr rank. FYI. SPX Put/Call Ratio hit a fresh 1 year high yesterday.\n\nc) Risk Parity - 100% percentile on 1-year rank, 53% percentile on 3-yr rank.\n\nd) Total Systematic - 92% percentile on 1-year rank, 80% percentile on 3-yr rank. This is important. This non-emotional demand is at the max and will be sellers lower.\n\n10. Liquidity- The unofficial Rubner out of office outlook (OOO) reply meter. My note last week has week had the largest out of office kickbacks to the tune of “see you in a few weeks” or “gone fishing”. The upcoming calendar into Jackson Hole is important.\n\nnext few weeks, extended vacation schedule first time in 12 months, etc, moved forward because Jackson hole.\nJackson Hole, August 26 (Thursday) - August 28 (Saturday) – Friday is the likely the key calendar, but potentially Saturday will be important. This moves hedges to the following week.\nLabor Day, September 6 (Monday exchange holiday) - late this year\napproximate First day of Children’s school, September 7 (Tuesday)\nLiquidity = August Summer – ZZZZ. Top book liquidity declined SUBSTANTIALLY into the sell off yesterday.\n\n*** despite being ranked 10 in the checklist. This is really chart #1. Liquidity dried up substantially yesterday on the screens. This chart peaked at $36M last Monday to $10.810M yesterday. This is a drop of $25M $ or ~70% in on screws liquidity in 1 week.\n\n11. Buybacks: Buybacks are here, but so is equity issuance, which neutralizes the buyback impulse. As corporates meet corporates. From Sales and trading colleague, John Flood in his most recent trading note.\n“It has been a paper party and this paper is getting harder to place. Last week we priced 11 registered deals in the U.S. ($3b notional) and this week already working on another 18 ($10b). This is especially noteworthy while in the depths of July.“\n\nLast week there was $6.2 billion in equity issuance, compared with the July weekly average of $3.4 billion since 2000.\nLast week there were 27 equity deals brought to market, compared with the July average of 15 deals per week since 2000.\n\n\nBottom Line:Keep Tactical Flow of Funds Checklist on your radar for August. The technical market structure dynamics changes substantially during August. I think there will be a dip (-5%) and it is meant to be bought heading late into Jackson Hole.The consensus is calling for a larger equity market correction, I do not see it given the amount of capital in the system. I change my tone if we trigger key levels to the downside as sellers are lower. If August outflows actually happen, I think tech underperforms cyclical value reopen given high concentration and largest passive impact.Once we see the first outflow in August, this will be the macro trigger for a tactical short. Stay tuned and keep an eye on liquidity.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":870001629,"gmtCreate":1636556647877,"gmtModify":1636556991868,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870001629","repostId":"1181359044","repostType":4,"repost":{"id":"1181359044","kind":"news","pubTimestamp":1636549935,"share":"https://www.laohu8.com/m/news/1181359044?lang=zh_CN&edition=full","pubTime":"2021-11-10 21:12","market":"us","language":"en","title":"Gett Nears $1.1B SPAC Merger To Go Public<blockquote>Gett接近$1.1 B SPAC合并上市</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181359044","media":"Benzinga","summary":"Corporate-transportation platform Gett is nearing a special-purpose acquisition company (SPAC) merge","content":"<p><div> Corporate-transportation platform Gett is nearing a special-purpose acquisition company (SPAC) merger worth $1.1 billion with Rosecliff Acquisition Corp I, the Wall Street Journal reports. Gett now ...</p><p><blockquote><div>据《华尔街日报》报道，企业运输平台Gett即将与Rosecliff Acquisition Corp I进行价值11亿美元的特殊目的收购公司(SPAC)合并。立即获取...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24005887/gett-nears-1-1b-spac-merger-to-go-public\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24005887/gett-nears-1-1b-spac-merger-to-go-public\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Gett Nears $1.1B SPAC Merger To Go Public<blockquote>Gett接近$1.1 B SPAC合并上市</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\">\nGett Nears $1.1B SPAC Merger To Go Public<blockquote>Gett接近$1.1 B SPAC合并上市</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-11-10 21:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Corporate-transportation platform Gett is nearing a special-purpose acquisition company (SPAC) merger worth $1.1 billion with Rosecliff Acquisition Corp I, the Wall Street Journal reports. Gett now ...</p><p><blockquote><div>据《华尔街日报》报道，企业运输平台Gett即将与Rosecliff Acquisition Corp I进行价值11亿美元的特殊目的收购公司(SPAC)合并。立即获取...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/11/24005887/gett-nears-1-1b-spac-merger-to-go-public\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/11/24005887/gett-nears-1-1b-spac-merger-to-go-public\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/11/24005887/gett-nears-1-1b-spac-merger-to-go-public\">Benzinga</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":{},"source_url":"https://www.benzinga.com/news/21/11/24005887/gett-nears-1-1b-spac-merger-to-go-public","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181359044","content_text":"Corporate-transportation platform Gett is nearing a special-purpose acquisition company (SPAC) merger worth $1.1 billion with Rosecliff Acquisition Corp I, the Wall Street Journal reports.\nGett now aims to streamline the company’s ride-hailing, taxi, and limousine booking options worldwide into one platform to save customers time and money. It initially started as a Uber Technologies competitor.\nGett now joins companies like Lyft Inc and Indian ride-hailing operator Ola to offer many different services.\nGett is marketing itself as a solution for global companies to transport workers rapidly, particularly with many remote workers at least part-time during the pandemic.\nGett works with companies like Apple Inc and Coca-Cola Co, the report adds.\nGett closed its New York ride-sharing business Juno in 2019. Gett still operates ride-hailing services in markets like Israel and London, but 40% of its trips for corporate clients now come from third parties.\nPrice Action: RCLF shares traded higher by 1.63% at $9.95 in the premarket session on the last check Wednesday.","news_type":1,"symbols_score_info":{"RCLF":0.9}},"isVote":1,"tweetType":1,"viewCount":2043,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":832271537,"gmtCreate":1629646097629,"gmtModify":1631891261190,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"Cool&nbsp;","listText":"Cool&nbsp;","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/832271537","repostId":"1133515985","repostType":4,"isVote":1,"tweetType":1,"viewCount":708,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803584338,"gmtCreate":1627448529424,"gmtModify":1631891261271,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"[Sweats]&nbsp;expensive.. haha","listText":"[Sweats]&nbsp;expensive.. haha","text":"[Sweats] expensive.. haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803584338","repostId":"2154163579","repostType":4,"isVote":1,"tweetType":1,"viewCount":661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172822833,"gmtCreate":1626953229122,"gmtModify":1631891261394,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"[Spurting]&nbsp;","listText":"[Spurting]&nbsp;","text":"[Spurting]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172822833","repostId":"2153408396","repostType":4,"isVote":1,"tweetType":1,"viewCount":586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171407135,"gmtCreate":1626754191527,"gmtModify":1633771340015,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","listText":"[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","text":"[Miser] [Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/171407135","repostId":"1158140412","repostType":4,"repost":{"id":"1158140412","kind":"news","pubTimestamp":1626706707,"share":"https://www.laohu8.com/m/news/1158140412?lang=zh_CN&edition=full","pubTime":"2021-07-19 22:58","market":"us","language":"en","title":"Nvidia Stock’s Surge Makes Chip Maker 10th-Biggest U.S. Listed Company<blockquote>英伟达股价飙升使芯片制造商成为美国第十大上市公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158140412","media":"The Wall Street Journal","summary":"Company’s shares are up nearly 80% over the past year.\n\nThe post-pandemic boom in the semiconductor ","content":"<p>  Company’s shares are up nearly 80% over the past year.  The post-pandemic boom in the semiconductor business has powered&nbsp;<a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a> into the top 10 U.S. public companies, joining the likes of <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc. and <a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a> &amp; Co.</p><p><blockquote>该公司股价在过去一年上涨了近80%。大流行后半导体业务的繁荣推动了<a href=\"https://laohu8.com/S/NVDA\">英伟达公司</a>跻身美国十大上市公司行列<a href=\"https://laohu8.com/S/AAPL\">苹果</a>公司和<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>公司。</blockquote></p><p> Shares of the Santa Clara, Calif., firm have risen nearly 80% over the past year, giving it a market value of around $453 billion. That is more than rivalsIntelCorp.andBroadcomInc.combined.</p><p><blockquote>这家总部位于加州圣克拉拉的公司的股价在过去一年中上涨了近80%，市值约为4530亿美元。这超过了竞争对手intelcorp.andbroadcominc.combined。</blockquote></p><p> Nvidia makes processors that power gaming and cryptocurrency mining. Chip shares have risen in part thanks to a pandemic-inducedglobal shortage of semiconductorsthat has driven up the prices of everything from laptops to automobiles.</p><p><blockquote>Nvidia生产为游戏和加密货币挖矿提供支持的处理器。芯片股上涨的部分原因是大流行引发的全球半导体短缺，推高了从笔记本电脑到汽车等各种商品的价格。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0a2dfc657a7a2e2a9bbe106b6235acdf\" tg-width=\"709\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/37536c1394d6d2abff0e5bf16fac38f7\" tg-width=\"743\" tg-height=\"521\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> One reason for Nvidia’s outperformance, analysts say, is that its chips’ parallel-computing capabilities make them better than rivals’ for artificial-intelligence performance and mining cryptocurrencies. Nvidia’s graphics processors areused for mining ethereumand the cryptocurrency’s value has soared this year, even after a recent correction.</p><p><blockquote>分析师表示，英伟达表现出色的原因之一是其芯片的并行计算能力使其在人工智能性能和挖掘加密货币方面优于竞争对手。英伟达的图形处理器用于挖掘以太币，即使在最近的调整之后，加密货币的价值今年仍在飙升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a7b124d7af03a69e8f3ff5c70dee93ee\" tg-width=\"755\" tg-height=\"519\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> That surge has exacerbated the shortage of gaming chips. Nvidia plans to sell cards aimed at the crypto market and has employed technical adjustments to make gaming processors less useful to miners. Analysts also expect Nvidia to get a boost from tech and autonomous-vehicle companies using its chips to navigate traffic or track online behavior.</p><p><blockquote>这种激增加剧了游戏芯片的短缺。英伟达计划销售针对加密市场的卡，并采用技术调整来降低游戏处理器对矿工的用处。分析师还预计，英伟达将从使用其芯片导航交通或跟踪在线行为的科技和自动驾驶汽车公司那里获得提振。</blockquote></p><p> “The company is the biggest and best supplier of parallel computing,” said Ambrish Srivastava, analyst at BMO Capital Markets. “It’s hard to compete against that.”</p><p><blockquote>BMO资本市场分析师Ambrish Srivastava表示：“该公司是并行计算最大、最好的供应商。”“很难与之竞争。”</blockquote></p><p> While Nvidia has a leg up in the data-center industry, competitors are catching up, analysts said. The recent slide in crypto also could spur miners to dump their chips on the secondary market, as happened when a previous ethereum skidhit revenue in 2018.</p><p><blockquote>分析师表示，虽然英伟达在数据中心行业占据优势，但竞争对手正在迎头赶上。最近加密货币的下滑也可能刺激矿商在二级市场上抛售芯片，就像2018年以太币收入下滑时所发生的那样。</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>Nvidia Stock’s Surge Makes Chip Maker 10th-Biggest U.S. Listed Company<blockquote>英伟达股价飙升使芯片制造商成为美国第十大上市公司</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\">\nNvidia Stock’s Surge Makes Chip Maker 10th-Biggest U.S. Listed Company<blockquote>英伟达股价飙升使芯片制造商成为美国第十大上市公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-07-19 22:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Company’s shares are up nearly 80% over the past year.  The post-pandemic boom in the semiconductor business has powered&nbsp;<a href=\"https://laohu8.com/S/NVDA\">NVIDIA Corp</a> into the top 10 U.S. public companies, joining the likes of <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc. and <a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a> &amp; Co.</p><p><blockquote>该公司股价在过去一年上涨了近80%。大流行后半导体业务的繁荣推动了<a href=\"https://laohu8.com/S/NVDA\">英伟达公司</a>跻身美国十大上市公司行列<a href=\"https://laohu8.com/S/AAPL\">苹果</a>公司和<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>公司。</blockquote></p><p> Shares of the Santa Clara, Calif., firm have risen nearly 80% over the past year, giving it a market value of around $453 billion. That is more than rivalsIntelCorp.andBroadcomInc.combined.</p><p><blockquote>这家总部位于加州圣克拉拉的公司的股价在过去一年中上涨了近80%，市值约为4530亿美元。这超过了竞争对手intelcorp.andbroadcominc.combined。</blockquote></p><p> Nvidia makes processors that power gaming and cryptocurrency mining. Chip shares have risen in part thanks to a pandemic-inducedglobal shortage of semiconductorsthat has driven up the prices of everything from laptops to automobiles.</p><p><blockquote>Nvidia生产为游戏和加密货币挖矿提供支持的处理器。芯片股上涨的部分原因是大流行引发的全球半导体短缺，推高了从笔记本电脑到汽车等各种商品的价格。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0a2dfc657a7a2e2a9bbe106b6235acdf\" tg-width=\"709\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <img src=\"https://static.tigerbbs.com/37536c1394d6d2abff0e5bf16fac38f7\" tg-width=\"743\" tg-height=\"521\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> One reason for Nvidia’s outperformance, analysts say, is that its chips’ parallel-computing capabilities make them better than rivals’ for artificial-intelligence performance and mining cryptocurrencies. Nvidia’s graphics processors areused for mining ethereumand the cryptocurrency’s value has soared this year, even after a recent correction.</p><p><blockquote>分析师表示，英伟达表现出色的原因之一是其芯片的并行计算能力使其在人工智能性能和挖掘加密货币方面优于竞争对手。英伟达的图形处理器用于挖掘以太币，即使在最近的调整之后，加密货币的价值今年仍在飙升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a7b124d7af03a69e8f3ff5c70dee93ee\" tg-width=\"755\" tg-height=\"519\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> That surge has exacerbated the shortage of gaming chips. Nvidia plans to sell cards aimed at the crypto market and has employed technical adjustments to make gaming processors less useful to miners. Analysts also expect Nvidia to get a boost from tech and autonomous-vehicle companies using its chips to navigate traffic or track online behavior.</p><p><blockquote>这种激增加剧了游戏芯片的短缺。英伟达计划销售针对加密市场的卡，并采用技术调整来降低游戏处理器对矿工的用处。分析师还预计，英伟达将从使用其芯片导航交通或跟踪在线行为的科技和自动驾驶汽车公司那里获得提振。</blockquote></p><p> “The company is the biggest and best supplier of parallel computing,” said Ambrish Srivastava, analyst at BMO Capital Markets. “It’s hard to compete against that.”</p><p><blockquote>BMO资本市场分析师Ambrish Srivastava表示：“该公司是并行计算最大、最好的供应商。”“很难与之竞争。”</blockquote></p><p> While Nvidia has a leg up in the data-center industry, competitors are catching up, analysts said. The recent slide in crypto also could spur miners to dump their chips on the secondary market, as happened when a previous ethereum skidhit revenue in 2018.</p><p><blockquote>分析师表示，虽然英伟达在数据中心行业占据优势，但竞争对手正在迎头赶上。最近加密货币的下滑也可能刺激矿商在二级市场上抛售芯片，就像2018年以太币收入下滑时所发生的那样。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/nvidia-stocks-surge-makes-chip-maker-10th-biggest-u-s-listed-company-11626696001?mod=markets_lead_pos11\">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":{"NVDA":"英伟达"},"source_url":"https://www.wsj.com/articles/nvidia-stocks-surge-makes-chip-maker-10th-biggest-u-s-listed-company-11626696001?mod=markets_lead_pos11","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158140412","content_text":"Company’s shares are up nearly 80% over the past year.\n\nThe post-pandemic boom in the semiconductor business has powered NVIDIA Corp into the top 10 U.S. public companies, joining the likes of Apple Inc. and JPMorgan Chase & Co.\nShares of the Santa Clara, Calif., firm have risen nearly 80% over the past year, giving it a market value of around $453 billion. That is more than rivalsIntelCorp.andBroadcomInc.combined.\nNvidia makes processors that power gaming and cryptocurrency mining. Chip shares have risen in part thanks to a pandemic-inducedglobal shortage of semiconductorsthat has driven up the prices of everything from laptops to automobiles.\n\n\nOne reason for Nvidia’s outperformance, analysts say, is that its chips’ parallel-computing capabilities make them better than rivals’ for artificial-intelligence performance and mining cryptocurrencies. Nvidia’s graphics processors areused for mining ethereumand the cryptocurrency’s value has soared this year, even after a recent correction.\n\nThat surge has exacerbated the shortage of gaming chips. Nvidia plans to sell cards aimed at the crypto market and has employed technical adjustments to make gaming processors less useful to miners. Analysts also expect Nvidia to get a boost from tech and autonomous-vehicle companies using its chips to navigate traffic or track online behavior.\n“The company is the biggest and best supplier of parallel computing,” said Ambrish Srivastava, analyst at BMO Capital Markets. “It’s hard to compete against that.”\nWhile Nvidia has a leg up in the data-center industry, competitors are catching up, analysts said. The recent slide in crypto also could spur miners to dump their chips on the secondary market, as happened when a previous ethereum skidhit revenue in 2018.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":608904968,"gmtCreate":1638589707450,"gmtModify":1638589707450,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"…","listText":"…","text":"…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608904968","repostId":"1135581145","repostType":4,"repost":{"id":"1135581145","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":1638544438,"share":"https://www.laohu8.com/m/news/1135581145?lang=zh_CN&edition=full","pubTime":"2021-12-03 23:13","market":"us","language":"en","title":"Sea Ltd stock dropped 6% while Grab rallied nearly 3%<blockquote>Sea Ltd股价下跌6%，Grab上涨近3%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135581145","media":"Tiger Newspress","summary":"Sea Ltd stock dropped 6% while Grab rallied nearly 3% in morning trading.","content":"<p>Sea Ltd stock dropped 6% while Grab rallied nearly 3% in morning trading.</p><p><blockquote>Sea Ltd股价在早盘交易中下跌6%，而Grab则上涨近3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f6e1cc599c71ab4b3f021f3f08854e7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ad938b19362172c4e42e41557bb259b3\" tg-width=\"840\" tg-height=\"470\" 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>Sea Ltd stock dropped 6% while Grab rallied nearly 3%<blockquote>Sea Ltd股价下跌6%，Grab上涨近3%</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\">\nSea Ltd stock dropped 6% while Grab rallied nearly 3%<blockquote>Sea Ltd股价下跌6%，Grab上涨近3%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-03 23:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Sea Ltd stock dropped 6% while Grab rallied nearly 3% in morning trading.</p><p><blockquote>Sea Ltd股价在早盘交易中下跌6%，而Grab则上涨近3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3f6e1cc599c71ab4b3f021f3f08854e7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ad938b19362172c4e42e41557bb259b3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings","SE":"Sea Ltd"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135581145","content_text":"Sea Ltd stock dropped 6% while Grab rallied nearly 3% in morning trading.","news_type":1,"symbols_score_info":{"SE":0.9,"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":2125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848682243,"gmtCreate":1635994772185,"gmtModify":1635994852203,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"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/848682243","repostId":"1124664323","repostType":4,"repost":{"id":"1124664323","kind":"news","pubTimestamp":1635994506,"share":"https://www.laohu8.com/m/news/1124664323?lang=zh_CN&edition=full","pubTime":"2021-11-04 10:55","market":"us","language":"en","title":"Federal Reserve to begin slowing its pace of asset purchases this month<blockquote>美联储本月将开始放缓资产购买步伐</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124664323","media":"finance.yahoo","summary":"The Federal Reserve on Wednesday said it would start slowing its pace of asset purchases, the first ","content":"<p>The Federal Reserve on Wednesday said it would start slowing its pace of asset purchases, the first step in paring back its COVID-era easy money policies.</p><p><blockquote>美联储周三表示，将开始放缓资产购买步伐，这是削减新冠疫情时期宽松货币政策的第一步。</blockquote></p><p> “In light of the substantial further progress the economy has made toward the committee’s goals since last December, the Committee decided to begin reducing the monthly pace of its net asset purchases,” the policy-setting Federal Open Market Committee said in its updated policy statement Wednesday.</p><p><blockquote>制定政策的联邦公开市场委员会在更新的政策中表示：“鉴于自去年12月以来经济在实现委员会目标方面取得了实质性进展，委员会决定开始降低每月净资产购买的步伐。”周三声明。</blockquote></p><p> Since the depths of the pandemic, the central bank has been directly buying U.S. Treasuries and agency mortgage-backed securities to signal its support of the economic recovery. As of now, the Fed is pacing its purchases at a clip of about $120 billion per month.</p><p><blockquote>自疫情最严重以来，央行一直在直接购买美国国债和机构抵押贷款支持证券，以表明其对经济复苏的支持。截至目前，美联储正以每月约1200亿美元的速度进行购买。</blockquote></p><p> But the Fed said Wednesday it will gradually slow the pace of those purchases by about $15 billion per month, as part of a plan to bring its so-called quantitative easing program to a full stop by the middle of next year. The taper will begin “later this month” and will continue at that $15 billion pace through December, although the FOMC clarified it could change the pace of taper as needed.</p><p><blockquote>但美联储周三表示，将逐步放慢每月约150亿美元的购买速度，作为明年年中全面停止所谓量化宽松计划计划的一部分。taper将于“本月晚些时候”开始，并将以150亿美元的速度持续到12月，尽管FOMC澄清可能会根据需要改变taper的速度。</blockquote></p><p> “The Committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook,” the FOMC statement reads.</p><p><blockquote>FOMC声明中写道：“委员会判断，每个月类似地减少净资产购买速度可能是适当的，但如果经济前景变化需要，它准备调整购买速度。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/058871f82218754bee91923d0b234360\" tg-width=\"712\" tg-height=\"625\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The FOMC still maintained short-term interest rates at near zero. The decision on rates and taper was unanimous.</p><p><blockquote>FOMC仍将短期利率维持在接近零的水平。关于利率和缩减的决定是一致的。</blockquote></p><p> The Fed statement continued to double down on its view that high inflation readings will prove to be “transitory,” noting that “supply and demand imbalances related to the pandemic and the reopening of the economy have contributed to sizable price increases in some sectors.”</p><p><blockquote>美联储声明继续加倍强调其观点，即高通胀读数将被证明是“暂时的”，并指出“与大流行和经济重新开放相关的供需失衡导致一些行业的价格大幅上涨。”</blockquote></p><p> Anticipation for a Fed taper has ramped up discussion over the policy-setting Federal Open Market Committee’s next steps: raising interest rates.</p><p><blockquote>对美联储缩减规模的预期加剧了对制定政策的联邦公开市场委员会下一步措施的讨论：加息。</blockquote></p><p> Fed officials have made it clear that the timing of taper has no direct implications for the timing of raising short-term borrowing costs from the current setting of near zero.</p><p><blockquote>美联储官员已经明确表示，taper的时机对将短期借贷成本从目前接近零的水平上调的时机没有直接影响。</blockquote></p><p> But markets appear to be getting ahead of the Fed. As Powell and other Fed officials&nbsp;all but signaled that taper was coming, bets on interest rates reflected expectations for a more hawkish cycle of Fed rate hikes through 2022.</p><p><blockquote>但市场似乎走在了美联储的前面。随着鲍威尔和其他美联储官员几乎暗示taper即将到来，对利率的押注反映了对2022年美联储加息周期更加鹰派的预期。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6928c3f025ea9b6f8e419d7dc98bced8\" tg-width=\"705\" tg-height=\"407\" width=\"100%\" height=\"auto\"><span>Fed funds futures contracts traded on the Chicago Mercantile Exchange show markets pricing in a decent likelihood of two to four interest rate hikes by the end of next year. Source: CME FedWatch</span></p><p><blockquote><p class=\"t-img-caption\"><span>芝加哥商品交易所交易的联邦基金期货合约显示，市场定价到明年年底加息两到四次的可能性很大。资料来源：CME FedWatch</span></p></blockquote></p><p> Headed into Wednesday afternoon’s announcement, Fed funds futures contracts priced in a strong chance that the central bank will have hiked rates at least three times by the end of 2022. Those expectations ratcheted up in the four weeks leading up to the Fed’s taper announcement.</p><p><blockquote>在周三下午宣布这一消息之前，联邦基金期货合约定价为央行到2022年底至少加息三次的可能性很大。在美联储宣布缩减购债规模之前的四周内，这些预期不断上升。</blockquote></p><p> The central bank’s next policy-setting announcement is scheduled to take place Dec. 14 and 15.</p><p><blockquote>央行的下一次政策制定公告定于12月14日至15日发布。</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 begin slowing its pace of asset purchases this month<blockquote>美联储本月将开始放缓资产购买步伐</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 begin slowing its pace of asset purchases this month<blockquote>美联储本月将开始放缓资产购买步伐</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\">2021-11-04 10:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Federal Reserve on Wednesday said it would start slowing its pace of asset purchases, the first step in paring back its COVID-era easy money policies.</p><p><blockquote>美联储周三表示，将开始放缓资产购买步伐，这是削减新冠疫情时期宽松货币政策的第一步。</blockquote></p><p> “In light of the substantial further progress the economy has made toward the committee’s goals since last December, the Committee decided to begin reducing the monthly pace of its net asset purchases,” the policy-setting Federal Open Market Committee said in its updated policy statement Wednesday.</p><p><blockquote>制定政策的联邦公开市场委员会在更新的政策中表示：“鉴于自去年12月以来经济在实现委员会目标方面取得了实质性进展，委员会决定开始降低每月净资产购买的步伐。”周三声明。</blockquote></p><p> Since the depths of the pandemic, the central bank has been directly buying U.S. Treasuries and agency mortgage-backed securities to signal its support of the economic recovery. As of now, the Fed is pacing its purchases at a clip of about $120 billion per month.</p><p><blockquote>自疫情最严重以来，央行一直在直接购买美国国债和机构抵押贷款支持证券，以表明其对经济复苏的支持。截至目前，美联储正以每月约1200亿美元的速度进行购买。</blockquote></p><p> But the Fed said Wednesday it will gradually slow the pace of those purchases by about $15 billion per month, as part of a plan to bring its so-called quantitative easing program to a full stop by the middle of next year. The taper will begin “later this month” and will continue at that $15 billion pace through December, although the FOMC clarified it could change the pace of taper as needed.</p><p><blockquote>但美联储周三表示，将逐步放慢每月约150亿美元的购买速度，作为明年年中全面停止所谓量化宽松计划计划的一部分。taper将于“本月晚些时候”开始，并将以150亿美元的速度持续到12月，尽管FOMC澄清可能会根据需要改变taper的速度。</blockquote></p><p> “The Committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook,” the FOMC statement reads.</p><p><blockquote>FOMC声明中写道：“委员会判断，每个月类似地减少净资产购买速度可能是适当的，但如果经济前景变化需要，它准备调整购买速度。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/058871f82218754bee91923d0b234360\" tg-width=\"712\" tg-height=\"625\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The FOMC still maintained short-term interest rates at near zero. The decision on rates and taper was unanimous.</p><p><blockquote>FOMC仍将短期利率维持在接近零的水平。关于利率和缩减的决定是一致的。</blockquote></p><p> The Fed statement continued to double down on its view that high inflation readings will prove to be “transitory,” noting that “supply and demand imbalances related to the pandemic and the reopening of the economy have contributed to sizable price increases in some sectors.”</p><p><blockquote>美联储声明继续加倍强调其观点，即高通胀读数将被证明是“暂时的”，并指出“与大流行和经济重新开放相关的供需失衡导致一些行业的价格大幅上涨。”</blockquote></p><p> Anticipation for a Fed taper has ramped up discussion over the policy-setting Federal Open Market Committee’s next steps: raising interest rates.</p><p><blockquote>对美联储缩减规模的预期加剧了对制定政策的联邦公开市场委员会下一步措施的讨论：加息。</blockquote></p><p> Fed officials have made it clear that the timing of taper has no direct implications for the timing of raising short-term borrowing costs from the current setting of near zero.</p><p><blockquote>美联储官员已经明确表示，taper的时机对将短期借贷成本从目前接近零的水平上调的时机没有直接影响。</blockquote></p><p> But markets appear to be getting ahead of the Fed. As Powell and other Fed officials&nbsp;all but signaled that taper was coming, bets on interest rates reflected expectations for a more hawkish cycle of Fed rate hikes through 2022.</p><p><blockquote>但市场似乎走在了美联储的前面。随着鲍威尔和其他美联储官员几乎暗示taper即将到来，对利率的押注反映了对2022年美联储加息周期更加鹰派的预期。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6928c3f025ea9b6f8e419d7dc98bced8\" tg-width=\"705\" tg-height=\"407\" width=\"100%\" height=\"auto\"><span>Fed funds futures contracts traded on the Chicago Mercantile Exchange show markets pricing in a decent likelihood of two to four interest rate hikes by the end of next year. Source: CME FedWatch</span></p><p><blockquote><p class=\"t-img-caption\"><span>芝加哥商品交易所交易的联邦基金期货合约显示，市场定价到明年年底加息两到四次的可能性很大。资料来源：CME FedWatch</span></p></blockquote></p><p> Headed into Wednesday afternoon’s announcement, Fed funds futures contracts priced in a strong chance that the central bank will have hiked rates at least three times by the end of 2022. Those expectations ratcheted up in the four weeks leading up to the Fed’s taper announcement.</p><p><blockquote>在周三下午宣布这一消息之前，联邦基金期货合约定价为央行到2022年底至少加息三次的可能性很大。在美联储宣布缩减购债规模之前的四周内，这些预期不断上升。</blockquote></p><p> The central bank’s next policy-setting announcement is scheduled to take place Dec. 14 and 15.</p><p><blockquote>央行的下一次政策制定公告定于12月14日至15日发布。</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-november-2021-140503059.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":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-november-2021-140503059.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124664323","content_text":"The Federal Reserve on Wednesday said it would start slowing its pace of asset purchases, the first step in paring back its COVID-era easy money policies.\n“In light of the substantial further progress the economy has made toward the committee’s goals since last December, the Committee decided to begin reducing the monthly pace of its net asset purchases,” the policy-setting Federal Open Market Committee said in its updated policy statement Wednesday.\nSince the depths of the pandemic, the central bank has been directly buying U.S. Treasuries and agency mortgage-backed securities to signal its support of the economic recovery. As of now, the Fed is pacing its purchases at a clip of about $120 billion per month.\nBut the Fed said Wednesday it will gradually slow the pace of those purchases by about $15 billion per month, as part of a plan to bring its so-called quantitative easing program to a full stop by the middle of next year. The taper will begin “later this month” and will continue at that $15 billion pace through December, although the FOMC clarified it could change the pace of taper as needed.\n“The Committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook,” the FOMC statement reads.\n\nThe FOMC still maintained short-term interest rates at near zero. The decision on rates and taper was unanimous.\nThe Fed statement continued to double down on its view that high inflation readings will prove to be “transitory,” noting that “supply and demand imbalances related to the pandemic and the reopening of the economy have contributed to sizable price increases in some sectors.”\nAnticipation for a Fed taper has ramped up discussion over the policy-setting Federal Open Market Committee’s next steps: raising interest rates.\nFed officials have made it clear that the timing of taper has no direct implications for the timing of raising short-term borrowing costs from the current setting of near zero.\nBut markets appear to be getting ahead of the Fed. As Powell and other Fed officials all but signaled that taper was coming, bets on interest rates reflected expectations for a more hawkish cycle of Fed rate hikes through 2022.\nFed funds futures contracts traded on the Chicago Mercantile Exchange show markets pricing in a decent likelihood of two to four interest rate hikes by the end of next year. Source: CME FedWatch\nHeaded into Wednesday afternoon’s announcement, Fed funds futures contracts priced in a strong chance that the central bank will have hiked rates at least three times by the end of 2022. Those expectations ratcheted up in the four weeks leading up to the Fed’s taper announcement.\nThe central bank’s next policy-setting announcement is scheduled to take place Dec. 14 and 15.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1572,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":852936305,"gmtCreate":1635232947213,"gmtModify":1635232947307,"author":{"id":"3587076579413480","authorId":"3587076579413480","name":"Bitbit","avatar":"https://static.tigerbbs.com/27c634378ed90b7f16b879a2d7b7ad5d","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587076579413480","idStr":"3587076579413480"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/852936305","repostId":"1125399259","repostType":4,"repost":{"id":"1125399259","kind":"news","pubTimestamp":1635225667,"share":"https://www.laohu8.com/m/news/1125399259?lang=zh_CN&edition=full","pubTime":"2021-10-26 13:21","market":"us","language":"en","title":"Cloudflare: Big Gains Made As Investors Brace For Earnings<blockquote>Cloudflare：投资者为盈利做好准备，取得巨大收益</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125399259","media":"Seeking Alpha","summary":"Summary\n\nCloudflare has once again experienced huge gains in a very short period of time.\nThe reason","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Cloudflare has once again experienced huge gains in a very short period of time.</li>  <li>The reasons for this are multiple, however they seem to return to the company's necessary nature and leadership from Matthew Prince.</li>  <li>Earnings are around the corner and investors are likely bracing for impact due to the high valuation of this stock.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5bd63105e871f3b7086e6743081853b5\" tg-width=\"1536\" tg-height=\"1022\" width=\"100%\" height=\"auto\"><span>Steve Jennings/Getty Images Entertainment</span></p><p><blockquote><ul><li>Cloudflare再次在很短的时间内获得了巨大的收益。</li><li>造成这种情况的原因是多方面的，但它们似乎可以追溯到公司的必要性质和马修·普林斯的领导力。</li><li>盈利即将到来，由于该股估值较高，投资者可能会受到影响。</li></ul><p class=\"t-img-caption\"><span>史蒂夫·詹宁斯/盖蒂图片社</span></p></blockquote></p><p> <b>Investment Thesis For NET Stock:</b></p><p><blockquote><b>净股票的投资论点：</b></blockquote></p><p> Cloudflare, Inc.(NYSE:NET)(also \"the Company\" hereafter) is an innovative company in the evolution into the cloud, edge computing and the internet of things (IoT). 25 million internet properties count on Cloudflare to provide security and performance. The Company has a vast and growing total addressable market (TAM) expected to reach over $100B in a few short years and has experienced massive growth. The stock has again reached all-time highs and is up over 60%&nbsp;since my previous article&nbsp;in only three weeks, as shown below. The big question is: is there any upside left?</p><p><blockquote>Cloudflare，Inc.（纽约证券交易所代码：NET）（以下简称“公司”）是一家向云、边缘计算和物联网（IoT）发展的创新公司。2500万互联网资产依靠Cloudflare提供安全性和性能。该公司拥有庞大且不断增长的总潜在市场(TAM)，预计在短短几年内将达到1000亿美元以上，并且经历了巨大的增长。该股再次创下历史新高，自我上一篇文章以来仅三周内就上涨了60%以上，如下所示。最大的问题是：还有上升空间吗？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/293a69c29d5824b489e8d5431648afba\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>The Pandemic Revealed Cloudflare's Indispensability</b></p><p><blockquote><b>疫情揭示了Cloudflare的不可或缺性</b></blockquote></p><p> At the onset of the pandemic, almost everything moved online. Schools were being taught virtually. Restaurants who would normally have a majority of in-person patrons were taking orders mostly online. Grocery delivery skyrocketed. And perhaps the most drastic change, employees were working from home (WFH) in record numbers.</p><p><blockquote>疫情爆发时，几乎所有东西都转移到了网上。学校是虚拟教学。通常会有大多数面对面顾客的餐馆主要在网上接受订单。杂货配送猛增。也许最剧烈的变化是，在家工作（WFH）的员工数量创历史新高。</blockquote></p><p> The results are clear to see in this graphic. Internet traffic exploded around the globe.</p><p><blockquote>结果在这张图中清晰可见。全球互联网流量爆炸式增长。</blockquote></p><p>   “We sit in front of more than 10 percent of all websites, so we have a pretty representative sample of how traffic patterns change in response to events globally,”- Matthew Prince.  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/70ea8221521dc964fb56c2c20faec268\" tg-width=\"640\" tg-height=\"415\" width=\"100%\" height=\"auto\"><span>Source: Cloudflare.</span></p><p><blockquote>马修·普林斯（Matthew Prince）表示：“我们拥有超过10%的网站，因此我们有一个非常有代表性的样本，可以了解流量模式如何随着全球事件而变化。”<p class=\"t-img-caption\"><span>来源：Cloudflare。</span></p></blockquote></p><p> During this time, attacks also increased exponentially. This included attacks on critical infrastructure like hospitals.According to Cloudflare, attack traffic was up significantly from January 2020 to March through May 2020 on healthcare centers.</p><p><blockquote>在此期间，攻击也呈指数级增长。这包括对医院等关键基础设施的攻击。根据Cloudflare的数据，从2020年1月到2020年3月至5月，医疗保健中心的攻击流量大幅上升。</blockquote></p><p> The increase in traffic, however, was no great sweat to Cloudflare's systems which handle&nbsp;DDoS attacks&nbsp;which are exponentially more traffic than even the height of the pandemic's increased traffic. In fact, in summer of 2021 Cloudflare&nbsp;deflected such an attack&nbsp;that was 3x larger than any other noted on record. The single attack produced nearly 70% of the total of all legitimate traffic. The attacks were deflected successfully and automatically.</p><p><blockquote>然而，流量的增加对Cloudflare处理DDoS攻击的系统来说并不是什么大问题，这些攻击的流量甚至比疫情增加的流量还要多。事实上，在2021年夏天，Cloudflare抵御了这样一次攻击，其规模是有记录以来任何其他攻击的3倍。单次攻击产生了所有合法流量总量的近70%。攻击被成功地自动偏转了。</blockquote></p><p> We also had a fairly important election season in 2020 which you may remember. In 2017 the Department of Homeland Security reported that 21 states had voter registration files and websites targeted. Cloudflare developed Athenian Project to provide protection to state and local governments' voter related sites - for free. There are several case studies from local and state government internet security personnel and technology executives. Cloudflare states that there are over 120,000 threats per day to election sites nationwide. Yet, there were no major stories of local or state level hacks during the previous cycle. To this end, Cloudflare also mitigated over 77M threats to campaign websites over a six month period with&nbsp;Cloudflare for Campaigns.</p><p><blockquote>我们在2020年也有一个相当重要的选举季，你可能还记得。2017年，国土安全部报告称，21个州的选民登记文件和网站成为目标。Cloudflare开发了Athenian项目，为州和地方政府的选民相关网站提供免费保护。有几个来自地方和州政府互联网安全人员和技术高管的案例研究。Cloudflare表示，全国范围内每天有超过120,000个选举网站受到威胁。然而，在上一个周期中，没有发生地方或州级黑客攻击的重大事件。为此，Cloudflare还通过Cloudflare for Campaigns在六个月内缓解了超过7700万次针对活动网站的威胁。</blockquote></p><p> In September 2021 Cloudflare announced an initiative into email security. Phishing is the most common type of attack on enterprises according to the FBI. Cloudflare will be providing its Advanced Email Security Suite to customers as a fully integrated solution.</p><p><blockquote>2021年9月，Cloudflare宣布了一项针对电子邮件安全的计划。根据联邦调查局的说法，网络钓鱼是对企业最常见的攻击类型。Cloudflare将向客户提供其高级电子邮件安全套件作为完全集成的解决方案。</blockquote></p><p> The bottom line is that Cloudflare has become a necessity to keeping the world moving that many people may not even be aware of.</p><p><blockquote>底线是Cloudflare已经成为保持世界运转的必需品，而许多人可能甚至没有意识到这一点。</blockquote></p><p> <b>Matthew Prince's Leadership</b></p><p><blockquote><b>马修·普林斯的领导力</b></blockquote></p><p> Matthew Prince has a very public role in the company. However, he is not a promotional mouthpiece. When he speaks, he does so on the needs of their customers, the needs of enterprises and individuals, and what Cloudflare seeks to provide. Prince is a regular on major financial networks and several videos and fireside chats can be found on YouTube.</p><p><blockquote>马修·普林斯在公司中扮演着非常公开的角色。然而，他不是一个宣传喉舌。当他发言时，他会根据客户的需求、企业和个人的需求以及Cloudflare寻求提供的服务。普林斯是主要金融网络的常客，在YouTube上可以找到一些视频和炉边聊天。</blockquote></p><p> Matthew Prince is also no stranger to emergency situations at Cloudflare. Serious outages have affected the company. He has been lauded for his leadership and communication during these incidents, even when the outages may only last for minutes.</p><p><blockquote>Matthew Prince对Cloudflare的紧急情况也并不陌生。严重的停电影响了公司。他因在这些事件中的领导和沟通而受到称赞，即使停电可能只持续几分钟。</blockquote></p><p></p><p>   \"We built Cloudflare with a mission of helping build a better Internet and, this morning, we didn't live up to that,\"Cloudflare CEO Matthew Prince told  <i>DCD</i>. \"I take personal responsibility for that. And so I think that that it's disappointing, and it's painful.\"  I believe customers value this level of openness, quickness to communicate, and personal responsibility.</p><p><blockquote>Cloudflare首席执行官马修·普林斯(Matthew Prince)表示：“我们构建Cloudflare的使命是帮助构建更好的互联网，但今天早上，我们没有实现这一目标。”<i>DCD</i>“我对此负有个人责任。所以我认为这是令人失望和痛苦的。”我相信客户重视这种程度的开放性、沟通的速度和个人责任感。</blockquote></p><p> He has an excellent grasp on the various issues facing the internet, including the differing regulations and upcoming changes to laws in many countries throughout the world. One example is the Digital Services Act in the European Union. And why not? He has an MBA from Harvard, a Law Degree from the University of Chicago, and a computer science degree, among other qualifications. Co-founder, COO, and Director Michelle Zatlyn also has a strong pedigree with a Harvard MBA and having served as Head of User Experience for several years prior to this role.</p><p><blockquote>他非常了解互联网面临的各种问题，包括世界上许多国家的不同法规和即将到来的法律变化。一个例子是欧盟的《数字服务法》。为什么不呢？他拥有哈佛大学的MBA学位、芝加哥大学的法律学位和计算机科学学位等资格。联合创始人、首席运营官兼董事米歇尔·扎特林(Michelle Zatlyn)也拥有哈佛MBA学位，在此之前曾担任用户体验主管数年。</blockquote></p><p> <b>Hitting On The Numbers</b></p><p><blockquote><b>击中数字</b></blockquote></p><p> I have previously delved deeper into the quantitative aspects of the company. Cloudflare will report on November 4th and estimates for revenue average $165M for the quarter. This would be an 8% increase over Q2 2021. Year over year, Q2 2021 revenues were over 52% above Q2 2020. Estimates for forward growth are over 33% for fiscal 2022.</p><p><blockquote>我之前曾深入研究过公司的量化方面。Cloudflare将于11月4日发布报告，预计本季度平均收入为1.65亿美元。这将比2021年第二季度增长8%。与去年同期相比，2021年第二季度的收入比2020年第二季度增长了52%以上。预计2022财年的未来增长率将超过33%。</blockquote></p><p> Cloudflare has some excellent metrics that will assist in achieving profits once the company has scaled. First, the gross margin has reached 77% over the prior three quarters. This is higher than most companies in this industry. Another metric to watch will be the increase in paying customers and paying customers providing over $100k in annual recurring revenue (ARR). The Q2 figures were very impressive and represented a 32% gain over the prior year for total paying customers, as shown below.</p><p><blockquote>Cloudflare有一些出色的指标，一旦公司扩大规模，这些指标将有助于实现利润。首先，前三季度毛利率达到77%。这高于该行业的大多数公司。另一个值得关注的指标是付费客户和年度经常性收入(ARR)超过10万美元的付费客户的增长。第二季度的数据非常令人印象深刻，付费客户总数比上一年增长了32%，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/277d56301a9537a8aad8ebfdd8114535\" tg-width=\"640\" tg-height=\"385\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from company earnings calls.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者用评级公司收益数据创建的图表。</span></p></blockquote></p><p> The data is even more impressive with the increase in large customers or those who provide over $100,000 in ARR. The chart below depicts these gains.</p><p><blockquote>随着大客户或ARR超过100,000美元的客户的增加，数据更加令人印象深刻。下图描述了这些收益。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4adf1187db4f952b514069ceed3deb56\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from company earnings calls.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者用评级公司收益数据创建的图表。</span></p></blockquote></p><p> Cloudflare's valuation has once again appeared to outrun the short-term fundamentals, however there is still a long-term opportunity with this indispensable company. A short-term pullback would not surprise me after the earnings call. The fact is that even a blowout quarter will make the valuation tough to justify<i>at this point</i>. I believe the company will continue to grow and become quite profitable as it scales in the coming years.</p><p><blockquote>Cloudflare的估值似乎再次超过了短期基本面，但这家不可或缺的公司仍然存在长期机会。在盈利看涨期权之后，短期回调不会让我感到惊讶。事实是，即使是一个井喷的季度，估值也很难证明其合理性<i>在这一点上</i>.我相信该公司将继续增长，并在未来几年随着规模的扩大而变得相当盈利。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> In my previous article on Cloudflare I noted that pullbacks in this stock signal opportunities.</p><p><blockquote>在我之前关于Cloudflare的文章中，我指出该股票的回调预示着机会。</blockquote></p><p>   \"The 17% pullback on no company-specific negative news is the essence of this approach. Stocks like NET are prone to taking the escalator up and then quick elevator pullbacks.\"  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdeb92f1280ebab6cf7bfd0d2c9f84c8\" tg-width=\"640\" tg-height=\"430\" width=\"100%\" height=\"auto\"><span>NET Stock Chart With Author's Annotations</span></p><p><blockquote>“在没有公司特定负面消息的情况下回调17%是这种方法的本质。像NET这样的股票很容易乘坐自动扶梯上升，然后快速电梯回调。”<p class=\"t-img-caption\"><span>带作者注释的净股票图表</span></p></blockquote></p><p> Since this pullback the stock has gained well over 50%.</p><p><blockquote>自此次回调以来，该股已上涨超过50%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9c398be2230ad658874bd2f76b0b197\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> I consider this to signal a recognition from investors and institutions that Cloudflare has an immensely bright future. Earnings will be a test of investor confidence on this stock and I would not be surprised to see a significant pullback, although likely still substantially above the prior pullback level. It is also entirely possible that management hits a home run and the stock runs higher. As always it is best to accumulate shares over time to manage short-term risks. The thesis remains the same: I consider any short-term pullback an accumulation opportunity in NET stock.</p><p><blockquote>我认为这标志着投资者和机构认识到Cloudflare拥有非常光明的未来。盈利将是对投资者对该股信心的考验，如果出现大幅回调，我不会感到惊讶，尽管可能仍远高于之前的回调水平。管理层也完全有可能打出全垒打，股价走高。一如既往，最好随着时间的推移积累股票以管理短期风险。论点保持不变：我认为任何短期回调都是净股票的积累机会。</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>Cloudflare: Big Gains Made As Investors Brace For Earnings<blockquote>Cloudflare：投资者为盈利做好准备，取得巨大收益</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\">\nCloudflare: Big Gains Made As Investors Brace For Earnings<blockquote>Cloudflare：投资者为盈利做好准备，取得巨大收益</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-10-26 13:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Cloudflare has once again experienced huge gains in a very short period of time.</li>  <li>The reasons for this are multiple, however they seem to return to the company's necessary nature and leadership from Matthew Prince.</li>  <li>Earnings are around the corner and investors are likely bracing for impact due to the high valuation of this stock.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5bd63105e871f3b7086e6743081853b5\" tg-width=\"1536\" tg-height=\"1022\" width=\"100%\" height=\"auto\"><span>Steve Jennings/Getty Images Entertainment</span></p><p><blockquote><ul><li>Cloudflare再次在很短的时间内获得了巨大的收益。</li><li>造成这种情况的原因是多方面的，但它们似乎可以追溯到公司的必要性质和马修·普林斯的领导力。</li><li>盈利即将到来，由于该股估值较高，投资者可能会受到影响。</li></ul><p class=\"t-img-caption\"><span>史蒂夫·詹宁斯/盖蒂图片社</span></p></blockquote></p><p> <b>Investment Thesis For NET Stock:</b></p><p><blockquote><b>净股票的投资论点：</b></blockquote></p><p> Cloudflare, Inc.(NYSE:NET)(also \"the Company\" hereafter) is an innovative company in the evolution into the cloud, edge computing and the internet of things (IoT). 25 million internet properties count on Cloudflare to provide security and performance. The Company has a vast and growing total addressable market (TAM) expected to reach over $100B in a few short years and has experienced massive growth. The stock has again reached all-time highs and is up over 60%&nbsp;since my previous article&nbsp;in only three weeks, as shown below. The big question is: is there any upside left?</p><p><blockquote>Cloudflare，Inc.（纽约证券交易所代码：NET）（以下简称“公司”）是一家向云、边缘计算和物联网（IoT）发展的创新公司。2500万互联网资产依靠Cloudflare提供安全性和性能。该公司拥有庞大且不断增长的总潜在市场(TAM)，预计在短短几年内将达到1000亿美元以上，并且经历了巨大的增长。该股再次创下历史新高，自我上一篇文章以来仅三周内就上涨了60%以上，如下所示。最大的问题是：还有上升空间吗？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/293a69c29d5824b489e8d5431648afba\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>The Pandemic Revealed Cloudflare's Indispensability</b></p><p><blockquote><b>疫情揭示了Cloudflare的不可或缺性</b></blockquote></p><p> At the onset of the pandemic, almost everything moved online. Schools were being taught virtually. Restaurants who would normally have a majority of in-person patrons were taking orders mostly online. Grocery delivery skyrocketed. And perhaps the most drastic change, employees were working from home (WFH) in record numbers.</p><p><blockquote>疫情爆发时，几乎所有东西都转移到了网上。学校是虚拟教学。通常会有大多数面对面顾客的餐馆主要在网上接受订单。杂货配送猛增。也许最剧烈的变化是，在家工作（WFH）的员工数量创历史新高。</blockquote></p><p> The results are clear to see in this graphic. Internet traffic exploded around the globe.</p><p><blockquote>结果在这张图中清晰可见。全球互联网流量爆炸式增长。</blockquote></p><p>   “We sit in front of more than 10 percent of all websites, so we have a pretty representative sample of how traffic patterns change in response to events globally,”- Matthew Prince.  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/70ea8221521dc964fb56c2c20faec268\" tg-width=\"640\" tg-height=\"415\" width=\"100%\" height=\"auto\"><span>Source: Cloudflare.</span></p><p><blockquote>马修·普林斯（Matthew Prince）表示：“我们拥有超过10%的网站，因此我们有一个非常有代表性的样本，可以了解流量模式如何随着全球事件而变化。”<p class=\"t-img-caption\"><span>来源：Cloudflare。</span></p></blockquote></p><p> During this time, attacks also increased exponentially. This included attacks on critical infrastructure like hospitals.According to Cloudflare, attack traffic was up significantly from January 2020 to March through May 2020 on healthcare centers.</p><p><blockquote>在此期间，攻击也呈指数级增长。这包括对医院等关键基础设施的攻击。根据Cloudflare的数据，从2020年1月到2020年3月至5月，医疗保健中心的攻击流量大幅上升。</blockquote></p><p> The increase in traffic, however, was no great sweat to Cloudflare's systems which handle&nbsp;DDoS attacks&nbsp;which are exponentially more traffic than even the height of the pandemic's increased traffic. In fact, in summer of 2021 Cloudflare&nbsp;deflected such an attack&nbsp;that was 3x larger than any other noted on record. The single attack produced nearly 70% of the total of all legitimate traffic. The attacks were deflected successfully and automatically.</p><p><blockquote>然而，流量的增加对Cloudflare处理DDoS攻击的系统来说并不是什么大问题，这些攻击的流量甚至比疫情增加的流量还要多。事实上，在2021年夏天，Cloudflare抵御了这样一次攻击，其规模是有记录以来任何其他攻击的3倍。单次攻击产生了所有合法流量总量的近70%。攻击被成功地自动偏转了。</blockquote></p><p> We also had a fairly important election season in 2020 which you may remember. In 2017 the Department of Homeland Security reported that 21 states had voter registration files and websites targeted. Cloudflare developed Athenian Project to provide protection to state and local governments' voter related sites - for free. There are several case studies from local and state government internet security personnel and technology executives. Cloudflare states that there are over 120,000 threats per day to election sites nationwide. Yet, there were no major stories of local or state level hacks during the previous cycle. To this end, Cloudflare also mitigated over 77M threats to campaign websites over a six month period with&nbsp;Cloudflare for Campaigns.</p><p><blockquote>我们在2020年也有一个相当重要的选举季，你可能还记得。2017年，国土安全部报告称，21个州的选民登记文件和网站成为目标。Cloudflare开发了Athenian项目，为州和地方政府的选民相关网站提供免费保护。有几个来自地方和州政府互联网安全人员和技术高管的案例研究。Cloudflare表示，全国范围内每天有超过120,000个选举网站受到威胁。然而，在上一个周期中，没有发生地方或州级黑客攻击的重大事件。为此，Cloudflare还通过Cloudflare for Campaigns在六个月内缓解了超过7700万次针对活动网站的威胁。</blockquote></p><p> In September 2021 Cloudflare announced an initiative into email security. Phishing is the most common type of attack on enterprises according to the FBI. Cloudflare will be providing its Advanced Email Security Suite to customers as a fully integrated solution.</p><p><blockquote>2021年9月，Cloudflare宣布了一项针对电子邮件安全的计划。根据联邦调查局的说法，网络钓鱼是对企业最常见的攻击类型。Cloudflare将向客户提供其高级电子邮件安全套件作为完全集成的解决方案。</blockquote></p><p> The bottom line is that Cloudflare has become a necessity to keeping the world moving that many people may not even be aware of.</p><p><blockquote>底线是Cloudflare已经成为保持世界运转的必需品，而许多人可能甚至没有意识到这一点。</blockquote></p><p> <b>Matthew Prince's Leadership</b></p><p><blockquote><b>马修·普林斯的领导力</b></blockquote></p><p> Matthew Prince has a very public role in the company. However, he is not a promotional mouthpiece. When he speaks, he does so on the needs of their customers, the needs of enterprises and individuals, and what Cloudflare seeks to provide. Prince is a regular on major financial networks and several videos and fireside chats can be found on YouTube.</p><p><blockquote>马修·普林斯在公司中扮演着非常公开的角色。然而，他不是一个宣传喉舌。当他发言时，他会根据客户的需求、企业和个人的需求以及Cloudflare寻求提供的服务。普林斯是主要金融网络的常客，在YouTube上可以找到一些视频和炉边聊天。</blockquote></p><p> Matthew Prince is also no stranger to emergency situations at Cloudflare. Serious outages have affected the company. He has been lauded for his leadership and communication during these incidents, even when the outages may only last for minutes.</p><p><blockquote>Matthew Prince对Cloudflare的紧急情况也并不陌生。严重的停电影响了公司。他因在这些事件中的领导和沟通而受到称赞，即使停电可能只持续几分钟。</blockquote></p><p></p><p>   \"We built Cloudflare with a mission of helping build a better Internet and, this morning, we didn't live up to that,\"Cloudflare CEO Matthew Prince told  <i>DCD</i>. \"I take personal responsibility for that. And so I think that that it's disappointing, and it's painful.\"  I believe customers value this level of openness, quickness to communicate, and personal responsibility.</p><p><blockquote>Cloudflare首席执行官马修·普林斯(Matthew Prince)表示：“我们构建Cloudflare的使命是帮助构建更好的互联网，但今天早上，我们没有实现这一目标。”<i>DCD</i>“我对此负有个人责任。所以我认为这是令人失望和痛苦的。”我相信客户重视这种程度的开放性、沟通的速度和个人责任感。</blockquote></p><p> He has an excellent grasp on the various issues facing the internet, including the differing regulations and upcoming changes to laws in many countries throughout the world. One example is the Digital Services Act in the European Union. And why not? He has an MBA from Harvard, a Law Degree from the University of Chicago, and a computer science degree, among other qualifications. Co-founder, COO, and Director Michelle Zatlyn also has a strong pedigree with a Harvard MBA and having served as Head of User Experience for several years prior to this role.</p><p><blockquote>他非常了解互联网面临的各种问题，包括世界上许多国家的不同法规和即将到来的法律变化。一个例子是欧盟的《数字服务法》。为什么不呢？他拥有哈佛大学的MBA学位、芝加哥大学的法律学位和计算机科学学位等资格。联合创始人、首席运营官兼董事米歇尔·扎特林(Michelle Zatlyn)也拥有哈佛MBA学位，在此之前曾担任用户体验主管数年。</blockquote></p><p> <b>Hitting On The Numbers</b></p><p><blockquote><b>击中数字</b></blockquote></p><p> I have previously delved deeper into the quantitative aspects of the company. Cloudflare will report on November 4th and estimates for revenue average $165M for the quarter. This would be an 8% increase over Q2 2021. Year over year, Q2 2021 revenues were over 52% above Q2 2020. Estimates for forward growth are over 33% for fiscal 2022.</p><p><blockquote>我之前曾深入研究过公司的量化方面。Cloudflare将于11月4日发布报告，预计本季度平均收入为1.65亿美元。这将比2021年第二季度增长8%。与去年同期相比，2021年第二季度的收入比2020年第二季度增长了52%以上。预计2022财年的未来增长率将超过33%。</blockquote></p><p> Cloudflare has some excellent metrics that will assist in achieving profits once the company has scaled. First, the gross margin has reached 77% over the prior three quarters. This is higher than most companies in this industry. Another metric to watch will be the increase in paying customers and paying customers providing over $100k in annual recurring revenue (ARR). The Q2 figures were very impressive and represented a 32% gain over the prior year for total paying customers, as shown below.</p><p><blockquote>Cloudflare有一些出色的指标，一旦公司扩大规模，这些指标将有助于实现利润。首先，前三季度毛利率达到77%。这高于该行业的大多数公司。另一个值得关注的指标是付费客户和年度经常性收入(ARR)超过10万美元的付费客户的增长。第二季度的数据非常令人印象深刻，付费客户总数比上一年增长了32%，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/277d56301a9537a8aad8ebfdd8114535\" tg-width=\"640\" tg-height=\"385\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from company earnings calls.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者用评级公司收益数据创建的图表。</span></p></blockquote></p><p> The data is even more impressive with the increase in large customers or those who provide over $100,000 in ARR. The chart below depicts these gains.</p><p><blockquote>随着大客户或ARR超过100,000美元的客户的增加，数据更加令人印象深刻。下图描述了这些收益。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4adf1187db4f952b514069ceed3deb56\" tg-width=\"640\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from company earnings calls.</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者用评级公司收益数据创建的图表。</span></p></blockquote></p><p> Cloudflare's valuation has once again appeared to outrun the short-term fundamentals, however there is still a long-term opportunity with this indispensable company. A short-term pullback would not surprise me after the earnings call. The fact is that even a blowout quarter will make the valuation tough to justify<i>at this point</i>. I believe the company will continue to grow and become quite profitable as it scales in the coming years.</p><p><blockquote>Cloudflare的估值似乎再次超过了短期基本面，但这家不可或缺的公司仍然存在长期机会。在盈利看涨期权之后，短期回调不会让我感到惊讶。事实是，即使是一个井喷的季度，估值也很难证明其合理性<i>在这一点上</i>.我相信该公司将继续增长，并在未来几年随着规模的扩大而变得相当盈利。</blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> In my previous article on Cloudflare I noted that pullbacks in this stock signal opportunities.</p><p><blockquote>在我之前关于Cloudflare的文章中，我指出该股票的回调预示着机会。</blockquote></p><p>   \"The 17% pullback on no company-specific negative news is the essence of this approach. Stocks like NET are prone to taking the escalator up and then quick elevator pullbacks.\"  <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdeb92f1280ebab6cf7bfd0d2c9f84c8\" tg-width=\"640\" tg-height=\"430\" width=\"100%\" height=\"auto\"><span>NET Stock Chart With Author's Annotations</span></p><p><blockquote>“在没有公司特定负面消息的情况下回调17%是这种方法的本质。像NET这样的股票很容易乘坐自动扶梯上升，然后快速电梯回调。”<p class=\"t-img-caption\"><span>带作者注释的净股票图表</span></p></blockquote></p><p> Since this pullback the stock has gained well over 50%.</p><p><blockquote>自此次回调以来，该股已上涨超过50%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9c398be2230ad658874bd2f76b0b197\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> I consider this to signal a recognition from investors and institutions that Cloudflare has an immensely bright future. Earnings will be a test of investor confidence on this stock and I would not be surprised to see a significant pullback, although likely still substantially above the prior pullback level. It is also entirely possible that management hits a home run and the stock runs higher. As always it is best to accumulate shares over time to manage short-term risks. The thesis remains the same: I consider any short-term pullback an accumulation opportunity in NET stock.</p><p><blockquote>我认为这标志着投资者和机构认识到Cloudflare拥有非常光明的未来。盈利将是对投资者对该股信心的考验，如果出现大幅回调，我不会感到惊讶，尽管可能仍远高于之前的回调水平。管理层也完全有可能打出全垒打，股价走高。一如既往，最好随着时间的推移积累股票以管理短期风险。论点保持不变：我认为任何短期回调都是净股票的积累机会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4461839-cloudflare-big-gains-made-as-investors-brace-for-earnings\">Seeking Alpha</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":{"NET":"Cloudflare, Inc."},"source_url":"https://seekingalpha.com/article/4461839-cloudflare-big-gains-made-as-investors-brace-for-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125399259","content_text":"Summary\n\nCloudflare has once again experienced huge gains in a very short period of time.\nThe reasons for this are multiple, however they seem to return to the company's necessary nature and leadership from Matthew Prince.\nEarnings are around the corner and investors are likely bracing for impact due to the high valuation of this stock.\n\nSteve Jennings/Getty Images Entertainment\nInvestment Thesis For NET Stock:\nCloudflare, Inc.(NYSE:NET)(also \"the Company\" hereafter) is an innovative company in the evolution into the cloud, edge computing and the internet of things (IoT). 25 million internet properties count on Cloudflare to provide security and performance. The Company has a vast and growing total addressable market (TAM) expected to reach over $100B in a few short years and has experienced massive growth. The stock has again reached all-time highs and is up over 60% since my previous article in only three weeks, as shown below. The big question is: is there any upside left?\nData by YCharts\nThe Pandemic Revealed Cloudflare's Indispensability\nAt the onset of the pandemic, almost everything moved online. Schools were being taught virtually. Restaurants who would normally have a majority of in-person patrons were taking orders mostly online. Grocery delivery skyrocketed. And perhaps the most drastic change, employees were working from home (WFH) in record numbers.\nThe results are clear to see in this graphic. Internet traffic exploded around the globe.\n\n “We sit in front of more than 10 percent of all websites, so we have a pretty representative sample of how traffic patterns change in response to events globally,”- Matthew Prince.\n\nSource: Cloudflare.\nDuring this time, attacks also increased exponentially. This included attacks on critical infrastructure like hospitals.According to Cloudflare, attack traffic was up significantly from January 2020 to March through May 2020 on healthcare centers.\nThe increase in traffic, however, was no great sweat to Cloudflare's systems which handle DDoS attacks which are exponentially more traffic than even the height of the pandemic's increased traffic. In fact, in summer of 2021 Cloudflare deflected such an attack that was 3x larger than any other noted on record. The single attack produced nearly 70% of the total of all legitimate traffic. The attacks were deflected successfully and automatically.\nWe also had a fairly important election season in 2020 which you may remember. In 2017 the Department of Homeland Security reported that 21 states had voter registration files and websites targeted. Cloudflare developed Athenian Project to provide protection to state and local governments' voter related sites - for free. There are several case studies from local and state government internet security personnel and technology executives. Cloudflare states that there are over 120,000 threats per day to election sites nationwide. Yet, there were no major stories of local or state level hacks during the previous cycle. To this end, Cloudflare also mitigated over 77M threats to campaign websites over a six month period with Cloudflare for Campaigns.\nIn September 2021 Cloudflare announced an initiative into email security. Phishing is the most common type of attack on enterprises according to the FBI. Cloudflare will be providing its Advanced Email Security Suite to customers as a fully integrated solution.\nThe bottom line is that Cloudflare has become a necessity to keeping the world moving that many people may not even be aware of.\nMatthew Prince's Leadership\nMatthew Prince has a very public role in the company. However, he is not a promotional mouthpiece. When he speaks, he does so on the needs of their customers, the needs of enterprises and individuals, and what Cloudflare seeks to provide. Prince is a regular on major financial networks and several videos and fireside chats can be found on YouTube.\nMatthew Prince is also no stranger to emergency situations at Cloudflare. Serious outages have affected the company. He has been lauded for his leadership and communication during these incidents, even when the outages may only last for minutes.\n\n \"We built Cloudflare with a mission of helping build a better Internet and, this morning, we didn't live up to that,\"Cloudflare CEO Matthew Prince told\n DCD. \"I take personal responsibility for that. And so I think that that it's disappointing, and it's painful.\"\n\nI believe customers value this level of openness, quickness to communicate, and personal responsibility.\nHe has an excellent grasp on the various issues facing the internet, including the differing regulations and upcoming changes to laws in many countries throughout the world. One example is the Digital Services Act in the European Union. And why not? He has an MBA from Harvard, a Law Degree from the University of Chicago, and a computer science degree, among other qualifications. Co-founder, COO, and Director Michelle Zatlyn also has a strong pedigree with a Harvard MBA and having served as Head of User Experience for several years prior to this role.\nHitting On The Numbers\nI have previously delved deeper into the quantitative aspects of the company. Cloudflare will report on November 4th and estimates for revenue average $165M for the quarter. This would be an 8% increase over Q2 2021. Year over year, Q2 2021 revenues were over 52% above Q2 2020. Estimates for forward growth are over 33% for fiscal 2022.\nCloudflare has some excellent metrics that will assist in achieving profits once the company has scaled. First, the gross margin has reached 77% over the prior three quarters. This is higher than most companies in this industry. Another metric to watch will be the increase in paying customers and paying customers providing over $100k in annual recurring revenue (ARR). The Q2 figures were very impressive and represented a 32% gain over the prior year for total paying customers, as shown below.\nChart created by author with data from company earnings calls.\nThe data is even more impressive with the increase in large customers or those who provide over $100,000 in ARR. The chart below depicts these gains.\nChart created by author with data from company earnings calls.\nCloudflare's valuation has once again appeared to outrun the short-term fundamentals, however there is still a long-term opportunity with this indispensable company. A short-term pullback would not surprise me after the earnings call. The fact is that even a blowout quarter will make the valuation tough to justifyat this point. I believe the company will continue to grow and become quite profitable as it scales in the coming years.\nConclusion\nIn my previous article on Cloudflare I noted that pullbacks in this stock signal opportunities.\n\n \"The 17% pullback on no company-specific negative news is the essence of this approach. Stocks like NET are prone to taking the escalator up and then quick elevator pullbacks.\"\n\nNET Stock Chart With Author's Annotations\nSince this pullback the stock has gained well over 50%.\nData by YCharts\nI consider this to signal a recognition from investors and institutions that Cloudflare has an immensely bright future. Earnings will be a test of investor confidence on this stock and I would not be surprised to see a significant pullback, although likely still substantially above the prior pullback level. It is also entirely possible that management hits a home run and the stock runs higher. As always it is best to accumulate shares over time to manage short-term risks. The thesis remains the same: I consider any short-term pullback an accumulation opportunity in NET stock.","news_type":1,"symbols_score_info":{"NET":0.9}},"isVote":1,"tweetType":1,"viewCount":776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}