M3Mike的个人主页 - 老虎社区

M3Mike

M3Mike

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2021-09-03

Don't take News too seriously. Doing your own due diligence is most important.

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2021-08-28

Wow, semiconductor power stock.

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2021-08-17

More enforcement meaning more FUD, price will swing more wildly. Stay safe.

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2021-08-12

Money printer keep rolling to support all these plans

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2021-08-12

IPO in HK exchange is more promising.

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2021-08-09

Is this promoting stocks to move prices upward?

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2021-08-08

Power stock, keep going strong.

Tesla Stock: Headed to $1,200?<blockquote>特斯拉股票：将升至1,200美元？</blockquote>

2021-08-05

I still think price action and follow the trend is more important.

Goldman's Top 13 Charts For The Month Of August<blockquote>高盛8月份前13名图表</blockquote>

2021-08-02

Expect more M&A upcoming in view of current economic situation impacted by Covid-19 worldwide

Square Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal<blockquote>Square同意以290亿美元的全股票交易收购Afterpay</blockquote>

2021-08-02

Go for Growth Stocks to grow your next Millions. Cheers

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2021-08-01

It's not question of if but when the big correction is coming.

Investors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year<blockquote>投资者当心！股市正在进入今年最危险的时期</blockquote>

2021-07-31

To control too big to fail companies?

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2021-07-31

Always stay prepared for incoming correction. Stay safe.

Here’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</blockquote>

2021-07-29

Counting down to rate hike

S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500收于当日低点；鲍威尔称美联储距离加息还有很长的路要走</blockquote>

2021-07-28

Need Time to build Wealth

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2021-07-27

More institutions joining crypto, good for crypto, buy some

Amazon’s Cryptocurrency Plan Could Be a Game Changer<blockquote>亚马逊的加密货币计划可能会改变游戏规则</blockquote>

2021-07-25

Very likely as Industry Leader

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2021-07-24

Sharing infrastructure is good move. Win Win for all.

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2021-07-22

Short correction and market movement

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2021-07-19

New Space Race for the Rich and Famous.

Jeff Bezos is flying to space. Here's everything you need to know<blockquote>杰夫·贝索斯正在飞向太空。这是你需要知道的一切</blockquote>

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Stay safe.&nbsp;","listText":"More enforcement meaning more FUD, price will&nbsp;swing more wildly. Stay safe.&nbsp;","text":"More enforcement meaning more FUD, price will swing more wildly. Stay safe.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839784920","repostId":"1147138826","repostType":4,"isVote":1,"tweetType":1,"viewCount":1381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895960796,"gmtCreate":1628712810415,"gmtModify":1633744980634,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"Money printer keep rolling to support all these plans","listText":"Money printer keep rolling to support all these plans","text":"Money printer keep rolling to support all these plans","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/895960796","repostId":"1174390234","repostType":4,"isVote":1,"tweetType":1,"viewCount":1778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895960215,"gmtCreate":1628712679237,"gmtModify":1633744980857,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"IPO in HK exchange is more promising.&nbsp;","listText":"IPO in HK exchange is more promising.&nbsp;","text":"IPO in HK exchange is more promising.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/895960215","repostId":"1149859103","repostType":4,"isVote":1,"tweetType":1,"viewCount":1659,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898269522,"gmtCreate":1628501494866,"gmtModify":1633746640317,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"Is this promoting stocks to move prices upward?&nbsp;","listText":"Is this promoting stocks to move prices upward?&nbsp;","text":"Is this promoting stocks to move prices upward?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/898269522","repostId":"1184000657","repostType":4,"isVote":1,"tweetType":1,"viewCount":1621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891644148,"gmtCreate":1628388676484,"gmtModify":1631888657711,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"Power stock, keep going strong.","listText":"Power stock, keep going strong.","text":"Power stock, keep going strong.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/891644148","repostId":"1159872041","repostType":4,"repost":{"id":"1159872041","kind":"news","pubTimestamp":1628385224,"share":"https://www.laohu8.com/m/news/1159872041?lang=zh_CN&edition=full","pubTime":"2021-08-08 09:13","market":"us","language":"en","title":"Tesla Stock: Headed to $1,200?<blockquote>特斯拉股票：将升至1,200美元？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159872041","media":"Motley Fool","summary":"Tesla deliveries more than doubled year over year in Q2.Rising demand for electric vehicles could benefit Tesla.Investors should exercise caution when it comes to analysts' price targets.It's been a wild year for Teslastock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the S&P 500's 18% gain this year.In February,Piper Sandler analys","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Tesla deliveries more than doubled year over year in Q2.</li>  <li>Rising demand for electric vehicles could benefit Tesla.</li>  <li>Investors should exercise caution when it comes to analysts' price targets.</li> </ul> It's been a wild year for&nbsp;<b>Tesla</b>(NASDAQ:TSLA)stock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the&nbsp;<b>S&amp;P 500</b>'s 18% gain this year.</p><p><blockquote><ul><li>特斯拉第二季度的交付量同比增长了一倍多。</li><li>电动汽车需求的增长可能有利于特斯拉。</li><li>投资者在考虑分析师的目标价时应保持谨慎。</li></ul>这是疯狂的一年<b>特斯拉</b>（纳斯达克：TSLA）股票。今年年初，股价最初飙升超过20%。但该股现在已经回吐了所有涨幅，今年迄今的回报率为负1%。这意味着该股的表现明显落后于<b>标普500</b>今年增长了18%。</blockquote></p><p> But one analyst thinks the stock could take off.</p><p><blockquote>但一位分析师认为该股可能会起飞。</blockquote></p><p> <b>\"We still really like this stock.\"</b></p><p><blockquote><b>“我们仍然非常喜欢这只股票。”</b></blockquote></p><p> In February,<b>Piper Sandler</b>&nbsp;analyst Alexander Pottermade a bold call, boosting his 12-month price target for thegrowth stockfrom $515 to $1,200. He said Tesla deliveries could increase from 500,000 vehicles in 2020 to nearly 900,000 this year. Of course, this projection was made before global supply shortages worsened. Nevertheless, Tesla is growing extremely rapidly. The company's second-quarter deliveries more than doubled compared to the year-ago quarter, rising to 201,304.</p><p><blockquote>2月份，<b>派珀·桑德勒</b>分析师Alexander Potter做出了大胆的看涨期权，将这只成长型股票的12个月目标价从515美元上调至1,200美元。他表示，特斯拉的交付量可能会从2020年的50万辆增加到今年的近90万辆。当然，这一预测是在全球供应短缺恶化之前做出的。尽管如此，特斯拉的增长速度极快。该公司第二季度的交付量比去年同期增长了一倍多，达到201,304辆。</blockquote></p><p> Following Tesla's second-quarter earnings release late last month, the analyst reiterated this target, noting that the company looks poised to benefit from market share gains, the monetization of the company's Autopilot software, and \"underappreciated opportunities\" in Tesla's energy business, which includes revenue from battery energy storage and solar energy generation products.</p><p><blockquote>继特斯拉上月底发布第二季度财报后，该分析师重申了这一目标，并指出该公司似乎有望受益于市场份额的增长、该公司自动驾驶软件的货币化以及特斯拉能源业务中“未被充分重视的机会”，其中包括电池储能和太阳能发电产品的收入。</blockquote></p><p> Further, Potter pointed to Tesla's strong second-quarter operating margin of 11%, which he expects will see incremental improvement from Tesla's recently launched Autopilot subscription.</p><p><blockquote>此外，波特指出，特斯拉第二季度营业利润率强劲，为11%，他预计特斯拉最近推出的Autopilot订阅将带来增量改善。</blockquote></p><p> On Aug. 3, Potter once again reiterated an overweight rating on the stock and a $1,200 price target, saying \"We still really like this stock.\" He pointed to growing demand for battery electric vehicles overall.</p><p><blockquote>8月3日，波特再次重申了跑赢大盘对该股的评级和1200美元的目标价，称“我们仍然非常喜欢这只股票”。他指出，总体而言，对纯电动汽车的需求不断增长。</blockquote></p><p> <b>So what gives?</b></p><p><blockquote><b>那么是什么给了？</b></blockquote></p><p> If shares could truly rise to $1,200, why do so many investors seem to think the stock is worth so much less (based on the stock's price of just under $700 at the time of this writing). After all, if $1,200 was generally viewed by investors as a likely outcome for Tesla stock within the next 12 months, shares would be trading significantly higher today.</p><p><blockquote>如果股价真的能涨到1200美元，为什么这么多投资者似乎认为该股的价值如此之低（基于撰写本文时该股的价格略低于700美元）。毕竟，如果投资者普遍认为特斯拉股票在未来12个月内可能达到1,200美元，那么今天的股价将大幅走高。</blockquote></p><p> The issue boils down to the stock's forward-looking valuation. With a price-to-earnings ratio of about 370 at the time of this writing, Tesla shares are largely priced for strong growth for years to come. Since the company's valuation is based largely on profits far into the future, slight variances in views for Tesla's future growth trajectory yield dramatically different assumptions about the stock's intrinsic value today.</p><p><blockquote>问题归结为股票的前瞻性估值。截至撰写本文时，特斯拉股价的市盈率约为370，很大程度上预计未来几年将强劲增长。由于该公司的估值很大程度上基于未来的利润，因此对特斯拉未来增长轨迹的看法略有差异，就会对该股目前的内在价值产生截然不同的假设。</blockquote></p><p> Investors, therefore, shouldn't be quick to buy Tesla stock just because one analyst has a high price target for shares. Still, Potter does notably have some good points about Tesla's strong business momentum. Even Tesla itself reiterated guidance for vehicle deliveries to grow more than 50% this year -- and that guidance was provided during a time that many companies around the world (including Tesla) are negatively impacted by supply chain shortages. Further, Tesla management noted in its second-quarter update that demand for its vehicles was at an all-time high going into Q3.</p><p><blockquote>因此，投资者不应仅仅因为一位分析师的股价目标较高就急于购买特斯拉股票。尽管如此，波特确实对特斯拉强劲的商业势头有一些优点。就连特斯拉本身也重申了今年汽车交付量增长50%以上的指导意见，而这一指导意见是在全球许多公司（包括特斯拉）都受到供应链短缺的负面影响之际提供的。此外，特斯拉管理层在第二季度更新中指出，进入第三季度，对其车辆的需求创历史新高。</blockquote></p><p> While a $1,200 price target for Tesla stock would be difficult to justify, shares may be trading low enough for investors to start a small position in the stock.</p><p><blockquote>虽然特斯拉股票1,200美元的目标价很难证明合理，但该股的交易价格可能足够低，投资者可以在该股建立少量头寸。</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>Tesla Stock: Headed to $1,200?<blockquote>特斯拉股票：将升至1,200美元？</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\">\nTesla Stock: Headed to $1,200?<blockquote>特斯拉股票：将升至1,200美元？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-08-08 09:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Tesla deliveries more than doubled year over year in Q2.</li>  <li>Rising demand for electric vehicles could benefit Tesla.</li>  <li>Investors should exercise caution when it comes to analysts' price targets.</li> </ul> It's been a wild year for&nbsp;<b>Tesla</b>(NASDAQ:TSLA)stock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the&nbsp;<b>S&amp;P 500</b>'s 18% gain this year.</p><p><blockquote><ul><li>特斯拉第二季度的交付量同比增长了一倍多。</li><li>电动汽车需求的增长可能有利于特斯拉。</li><li>投资者在考虑分析师的目标价时应保持谨慎。</li></ul>这是疯狂的一年<b>特斯拉</b>（纳斯达克：TSLA）股票。今年年初，股价最初飙升超过20%。但该股现在已经回吐了所有涨幅，今年迄今的回报率为负1%。这意味着该股的表现明显落后于<b>标普500</b>今年增长了18%。</blockquote></p><p> But one analyst thinks the stock could take off.</p><p><blockquote>但一位分析师认为该股可能会起飞。</blockquote></p><p> <b>\"We still really like this stock.\"</b></p><p><blockquote><b>“我们仍然非常喜欢这只股票。”</b></blockquote></p><p> In February,<b>Piper Sandler</b>&nbsp;analyst Alexander Pottermade a bold call, boosting his 12-month price target for thegrowth stockfrom $515 to $1,200. He said Tesla deliveries could increase from 500,000 vehicles in 2020 to nearly 900,000 this year. Of course, this projection was made before global supply shortages worsened. Nevertheless, Tesla is growing extremely rapidly. The company's second-quarter deliveries more than doubled compared to the year-ago quarter, rising to 201,304.</p><p><blockquote>2月份，<b>派珀·桑德勒</b>分析师Alexander Potter做出了大胆的看涨期权，将这只成长型股票的12个月目标价从515美元上调至1,200美元。他表示，特斯拉的交付量可能会从2020年的50万辆增加到今年的近90万辆。当然，这一预测是在全球供应短缺恶化之前做出的。尽管如此，特斯拉的增长速度极快。该公司第二季度的交付量比去年同期增长了一倍多，达到201,304辆。</blockquote></p><p> Following Tesla's second-quarter earnings release late last month, the analyst reiterated this target, noting that the company looks poised to benefit from market share gains, the monetization of the company's Autopilot software, and \"underappreciated opportunities\" in Tesla's energy business, which includes revenue from battery energy storage and solar energy generation products.</p><p><blockquote>继特斯拉上月底发布第二季度财报后，该分析师重申了这一目标，并指出该公司似乎有望受益于市场份额的增长、该公司自动驾驶软件的货币化以及特斯拉能源业务中“未被充分重视的机会”，其中包括电池储能和太阳能发电产品的收入。</blockquote></p><p> Further, Potter pointed to Tesla's strong second-quarter operating margin of 11%, which he expects will see incremental improvement from Tesla's recently launched Autopilot subscription.</p><p><blockquote>此外，波特指出，特斯拉第二季度营业利润率强劲，为11%，他预计特斯拉最近推出的Autopilot订阅将带来增量改善。</blockquote></p><p> On Aug. 3, Potter once again reiterated an overweight rating on the stock and a $1,200 price target, saying \"We still really like this stock.\" He pointed to growing demand for battery electric vehicles overall.</p><p><blockquote>8月3日，波特再次重申了跑赢大盘对该股的评级和1200美元的目标价，称“我们仍然非常喜欢这只股票”。他指出，总体而言，对纯电动汽车的需求不断增长。</blockquote></p><p> <b>So what gives?</b></p><p><blockquote><b>那么是什么给了？</b></blockquote></p><p> If shares could truly rise to $1,200, why do so many investors seem to think the stock is worth so much less (based on the stock's price of just under $700 at the time of this writing). After all, if $1,200 was generally viewed by investors as a likely outcome for Tesla stock within the next 12 months, shares would be trading significantly higher today.</p><p><blockquote>如果股价真的能涨到1200美元，为什么这么多投资者似乎认为该股的价值如此之低（基于撰写本文时该股的价格略低于700美元）。毕竟，如果投资者普遍认为特斯拉股票在未来12个月内可能达到1,200美元，那么今天的股价将大幅走高。</blockquote></p><p> The issue boils down to the stock's forward-looking valuation. With a price-to-earnings ratio of about 370 at the time of this writing, Tesla shares are largely priced for strong growth for years to come. Since the company's valuation is based largely on profits far into the future, slight variances in views for Tesla's future growth trajectory yield dramatically different assumptions about the stock's intrinsic value today.</p><p><blockquote>问题归结为股票的前瞻性估值。截至撰写本文时，特斯拉股价的市盈率约为370，很大程度上预计未来几年将强劲增长。由于该公司的估值很大程度上基于未来的利润，因此对特斯拉未来增长轨迹的看法略有差异，就会对该股目前的内在价值产生截然不同的假设。</blockquote></p><p> Investors, therefore, shouldn't be quick to buy Tesla stock just because one analyst has a high price target for shares. Still, Potter does notably have some good points about Tesla's strong business momentum. Even Tesla itself reiterated guidance for vehicle deliveries to grow more than 50% this year -- and that guidance was provided during a time that many companies around the world (including Tesla) are negatively impacted by supply chain shortages. Further, Tesla management noted in its second-quarter update that demand for its vehicles was at an all-time high going into Q3.</p><p><blockquote>因此，投资者不应仅仅因为一位分析师的股价目标较高就急于购买特斯拉股票。尽管如此，波特确实对特斯拉强劲的商业势头有一些优点。就连特斯拉本身也重申了今年汽车交付量增长50%以上的指导意见，而这一指导意见是在全球许多公司（包括特斯拉）都受到供应链短缺的负面影响之际提供的。此外，特斯拉管理层在第二季度更新中指出，进入第三季度，对其车辆的需求创历史新高。</blockquote></p><p> While a $1,200 price target for Tesla stock would be difficult to justify, shares may be trading low enough for investors to start a small position in the stock.</p><p><blockquote>虽然特斯拉股票1,200美元的目标价很难证明合理，但该股的交易价格可能足够低，投资者可以在该股建立少量头寸。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/08/07/tesla-stock-headed-to-1200/\">Motley Fool</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":{"TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/08/07/tesla-stock-headed-to-1200/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159872041","content_text":"Key Points\n\nTesla deliveries more than doubled year over year in Q2.\nRising demand for electric vehicles could benefit Tesla.\nInvestors should exercise caution when it comes to analysts' price targets.\n\nIt's been a wild year for Tesla(NASDAQ:TSLA)stock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the S&P 500's 18% gain this year.\nBut one analyst thinks the stock could take off.\n\"We still really like this stock.\"\nIn February,Piper Sandler analyst Alexander Pottermade a bold call, boosting his 12-month price target for thegrowth stockfrom $515 to $1,200. He said Tesla deliveries could increase from 500,000 vehicles in 2020 to nearly 900,000 this year. Of course, this projection was made before global supply shortages worsened. Nevertheless, Tesla is growing extremely rapidly. The company's second-quarter deliveries more than doubled compared to the year-ago quarter, rising to 201,304.\nFollowing Tesla's second-quarter earnings release late last month, the analyst reiterated this target, noting that the company looks poised to benefit from market share gains, the monetization of the company's Autopilot software, and \"underappreciated opportunities\" in Tesla's energy business, which includes revenue from battery energy storage and solar energy generation products.\nFurther, Potter pointed to Tesla's strong second-quarter operating margin of 11%, which he expects will see incremental improvement from Tesla's recently launched Autopilot subscription.\nOn Aug. 3, Potter once again reiterated an overweight rating on the stock and a $1,200 price target, saying \"We still really like this stock.\" He pointed to growing demand for battery electric vehicles overall.\nSo what gives?\nIf shares could truly rise to $1,200, why do so many investors seem to think the stock is worth so much less (based on the stock's price of just under $700 at the time of this writing). After all, if $1,200 was generally viewed by investors as a likely outcome for Tesla stock within the next 12 months, shares would be trading significantly higher today.\nThe issue boils down to the stock's forward-looking valuation. With a price-to-earnings ratio of about 370 at the time of this writing, Tesla shares are largely priced for strong growth for years to come. Since the company's valuation is based largely on profits far into the future, slight variances in views for Tesla's future growth trajectory yield dramatically different assumptions about the stock's intrinsic value today.\nInvestors, therefore, shouldn't be quick to buy Tesla stock just because one analyst has a high price target for shares. Still, Potter does notably have some good points about Tesla's strong business momentum. Even Tesla itself reiterated guidance for vehicle deliveries to grow more than 50% this year -- and that guidance was provided during a time that many companies around the world (including Tesla) are negatively impacted by supply chain shortages. Further, Tesla management noted in its second-quarter update that demand for its vehicles was at an all-time high going into Q3.\nWhile a $1,200 price target for Tesla stock would be difficult to justify, shares may be trading low enough for investors to start a small position in the stock.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899357629,"gmtCreate":1628163748561,"gmtModify":1633753042102,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"I still think&nbsp;price action and follow the trend is more important.","listText":"I still think&nbsp;price action and follow the trend is more important.","text":"I still think price action and follow the trend is more important.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899357629","repostId":"1105489937","repostType":4,"repost":{"id":"1105489937","kind":"news","pubTimestamp":1628155377,"share":"https://www.laohu8.com/m/news/1105489937?lang=zh_CN&edition=full","pubTime":"2021-08-05 17:22","market":"us","language":"en","title":"Goldman's Top 13 Charts For The Month Of August<blockquote>高盛8月份前13名图表</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105489937","media":"zerohedge","summary":"The start of a new month means that Goldman's flow traders need a new set of exciting ideas and trad","content":"<p>The start of a new month means that Goldman's flow traders need a new set of exciting ideas and trades to dangle before their clients, and that's just what Goldman traders Scott Rubner, Matthew Fleury, Matthieu Martal , Kavita Vaja, and Jonas Bovbjerg are doing by putting together the following 13 charts that capture some of the best ideas and trade recos emerging from the world's most powerful trading desk.</p><p><blockquote>新的一个月的开始意味着高盛的流量交易员需要一套新的令人兴奋的想法和交易摆在他们的客户面前，这正是高盛交易员Scott Rubner、Matthew Fleury、Matthieu Martal、Kavita Vaja和Jonas Bovbjerg正在做的事情，他们将以下13张图表放在一起，捕捉了来自世界上最强大的交易台的一些最佳想法和交易记录。</blockquote></p><p> <b>1. \"If you are a stock picker watching earnings prints you are likely fully engaged this week.</b>This week will be peak liquidity for the rest of the summer. Vacation or extended vacation schedules officially kick off next week after earnings season. As we sit right now. Liquidity is at the highs into a busy week\"</p><p><blockquote><b>1.“如果您是一名关注财报的选股者，本周您可能会全神贯注。</b>本周将是夏季剩余时间的流动性高峰。假期或延长假期计划将于下周财报季后正式开始。就像我们现在坐的那样。流动性处于高位，进入繁忙的一周”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7085a22959ed7e6fdb8e3dfe125c1d20\" tg-width=\"650\" tg-height=\"450\" referrerpolicy=\"no-referrer\"><b>2. \"I think equities would be fine with higher yields</b>- the negative correlation of SPX &amp; NDX with the 30yr has turned positive again. Higher yields are much less of a problem than they were earlier this year\"</p><p><blockquote><b>2.“我认为股票收益率较高会很好</b>-SPX和NDX与30年期的负相关性再次转为正相关性。与今年早些时候相比，较高的收益率问题要小得多”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e5c5950acc89489fb308d300c3dc20f\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>3.</b>\"<b>China Regulation:</b>&nbsp;As the regulatory pressure on China's leading offshore internet &amp; education firms has increased in recent weeks, tech hardware companies listed onshore have outperformed the Chinese market. With the broader Chinese economy still in a growth phase (with Chinese equities historically displaying 22% return over 15months, entirely driven by earnings re-rating), and earnings revisions outside of the internet sector higher year to date (MSCI China ex Internet EPS up +5% vs China Internet EPS down -22% YTD), this basket is designed to benefit from the expansion of China's high tech manufacturing capabilities. For the first time in 5 years we have seen a meaningful divergence between HK and China listed Tech. ADRs have consistently underperformed.\"</p><p><blockquote><b>3.</b>\"<b>中国法规：</b>最近几周，随着中国领先的离岸互联网和教育公司面临的监管压力加大，在境内上市的科技硬件公司的表现优于中国市场。由于更广泛的中国经济仍处于增长阶段（中国股市在15个月内的回报率为22%，完全是由盈利重新评级推动的），以及今年迄今为止互联网行业以外的盈利修正较高（MSCI中国除外互联网每股收益上涨+5%，而中国互联网每股收益年初至今下降-22%），该篮子旨在受益于中国高科技制造能力的扩张。五年来，我们首次看到香港和中国上市科技公司之间存在显着差异。美国存托凭证的表现一直不佳。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9b5efa9b164299c0081319274ad88464\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>4. Implied dispersion levels have structurally reset higher over the past 5Y in Europe &amp; US.</b></p><p><blockquote><b>4.在过去的5年里，欧洲和美国的隐含离差水平结构性地重置为更高。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/8dd483873504d2edb4cce8ab9f3dca03\" tg-width=\"594\" tg-height=\"440\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>5. Dispersion performance has been stable due to rising realized levels over the same period</b></p><p><blockquote><b>5.由于同期实现水平上升，分散性能一直稳定</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/8dd483873504d2edb4cce8ab9f3dca03\" tg-width=\"594\" tg-height=\"440\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>6. SX5E 1Y Vega neutral dispersion offered defensives properties in GFC &amp; COVID due to realized volatility spikes.</b></p><p><blockquote><b>6.由于实现了波动性峰值，SX5E 1Y Vega中性分散体在GFC和COVID中提供了防御特性。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/828358d146ae81f8416d3e6260df9471\" tg-width=\"606\" tg-height=\"434\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>7. Index implied volatility has reset sharply lower pre- and post-COVID,</b>which has contributed to rising implied entry levels for dispersion. However, the compression of index realized volatility since the US elections has maintained stable dispersion performance from the index leg. SX5E 1Y Dispersion performance has been stable due to contribution from both index and single-stock legs.</p><p><blockquote><b>7.指数隐含波动率在新冠疫情前后大幅降低，</b>这导致了离散的隐含进入水平的上升。然而，自美国大选以来指数已实现波动率的压缩使指数腿保持了稳定的分散表现。由于指数和个股的贡献，SX5E 1Y分散表现一直稳定。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f79d93d1babf3fbcd8240888633b008f\" tg-width=\"600\" tg-height=\"438\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>8. The fall in index implied volatility in recent years can be partly explained by the sharp fall in index implied correlation levels as well as falling demand for upside call options in European equities.</b>Market-implied average single-stock correlation shows that whilst index implied volatility has fallen since 2015 and again post-COVID, driving the implied dispersion entry level higher, this has coincided with a sharp fall in implied correlation levels over the same period. Therefore, dispersion strategies which sell expensive implied correlation have continued to perform well despite higher implied dispersion entry levels. SX5E 1Y implied correlation has fallen more than index implied volatility levels.</p><p><blockquote><b>8.近年来指数隐含波动率下降的部分原因是指数隐含相关性水平急剧下降，以及欧洲股票对上行看涨期权期权的需求下降。</b>市场隐含平均个股相关性显示，虽然指数隐含波动率自2015年以来下降，并在COVID后再次下降，推动隐含离差进入水平上升，但这与同期隐含相关性水平急剧下降相吻合。因此，尽管隐含离差进入水平较高，但出售昂贵的隐含相关性的离差策略继续表现良好。SX5E 1Y隐含相关性的跌幅超过了指数隐含波动率水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6c4e4fd3d5c2103c572126ee034d92ee\" tg-width=\"600\" tg-height=\"435\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>9. Correlation of returns on t vs t-1 is deeply negative in SX5E</b></p><p><blockquote><b>9.在SX5E中，t与t-1的回报相关性非常负</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/999e9e1449cc5df8c196025b2f68b08b\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p><p> <b>10. Despite the spread trading off the lower values during the post-Mar20 period, it remains at historical lows (18th percentile vs. past 5y).</b>The recent pick up in realized spread should support the forward vol level as we roll into the spot spread. Term-structure roll is favorable due to the steepness of the SPX term structure (~0.5v positive carry over the next 3m, everything else remaining equal). The spot spread gets delivered in December at extreme lows, &gt;3v below current 6m realized.</p><p><blockquote><b>10.尽管利差在2020年3月后期间脱离了较低的值，但仍处于历史低点（第18个百分点与过去5年相比）。</b>随着我们进入现货价差，最近已实现价差的回升应该会支撑远期成交量水平。由于SPX期限结构的陡度（在接下来的3m上约0.5 V正进位，其他条件保持不变），期限结构滚动是有利的。现货价差在12月份以极低的价格交付，比当前实现的6m低3v以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9641a36f2830851d562be4216ceea61e\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>11. Significant roll-up in the SX5E-SPX spread</b></p><p><blockquote><b>11.SX5E-SPX价差大幅上涨</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e03effca5987dae6fb8b74a564e750e\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>12. Realized correlation between broader market vs. Momentum vs. EU Cyclicals/Defensives</b></p><p><blockquote><b>12.大盘与动量与欧盟周期性/防御性之间已实现的相关性</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e03effca5987dae6fb8b74a564e750e\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>13. VOW3 term structure has materially flattened over the past year</b>(<b>red</b>&nbsp;vs.<b>grey</b>), driven by a combination of call overwriting in the front-end and more recently, long-dated upside options buyers. Implied volatility has also recently reset lower across the curve (<b>red</b>&nbsp;vs.<b>navy</b>) and the skew is flat/call skew is inverted. Therefore, consider owning long-dated upside call spreads which offer a high max. payout ratio (chart 4,<b>navy</b>) where you sell a call 3v higher (<b>grey</b>) than where you buy a call.</p><p><blockquote><b>13.VOW3期限结构在过去一年中基本持平</b>(<b>红色</b>vs.<b>灰色</b>），受到前端看涨期权覆盖和最近长期上行期权买家的共同推动。隐含波动率最近也在曲线上重置较低（<b>红色</b>vs.<b>海军</b>)并且偏斜是平的/看涨期权偏斜是反的。因此，考虑持有长期上行看涨期权利差，它提供了很高的最大派息率（图4，<b>海军</b>)哪里有卖看涨期权3v高的(<b>灰色</b>）比您购买看涨期权的地方还要多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/daaa03296f95fab3243b899b370370c0\" tg-width=\"650\" tg-height=\"450\" 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>Goldman's Top 13 Charts For The Month Of August<blockquote>高盛8月份前13名图表</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\">\nGoldman's Top 13 Charts For The Month Of August<blockquote>高盛8月份前13名图表</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-08-05 17:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The start of a new month means that Goldman's flow traders need a new set of exciting ideas and trades to dangle before their clients, and that's just what Goldman traders Scott Rubner, Matthew Fleury, Matthieu Martal , Kavita Vaja, and Jonas Bovbjerg are doing by putting together the following 13 charts that capture some of the best ideas and trade recos emerging from the world's most powerful trading desk.</p><p><blockquote>新的一个月的开始意味着高盛的流量交易员需要一套新的令人兴奋的想法和交易摆在他们的客户面前，这正是高盛交易员Scott Rubner、Matthew Fleury、Matthieu Martal、Kavita Vaja和Jonas Bovbjerg正在做的事情，他们将以下13张图表放在一起，捕捉了来自世界上最强大的交易台的一些最佳想法和交易记录。</blockquote></p><p> <b>1. \"If you are a stock picker watching earnings prints you are likely fully engaged this week.</b>This week will be peak liquidity for the rest of the summer. Vacation or extended vacation schedules officially kick off next week after earnings season. As we sit right now. Liquidity is at the highs into a busy week\"</p><p><blockquote><b>1.“如果您是一名关注财报的选股者，本周您可能会全神贯注。</b>本周将是夏季剩余时间的流动性高峰。假期或延长假期计划将于下周财报季后正式开始。就像我们现在坐的那样。流动性处于高位，进入繁忙的一周”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7085a22959ed7e6fdb8e3dfe125c1d20\" tg-width=\"650\" tg-height=\"450\" referrerpolicy=\"no-referrer\"><b>2. \"I think equities would be fine with higher yields</b>- the negative correlation of SPX &amp; NDX with the 30yr has turned positive again. Higher yields are much less of a problem than they were earlier this year\"</p><p><blockquote><b>2.“我认为股票收益率较高会很好</b>-SPX和NDX与30年期的负相关性再次转为正相关性。与今年早些时候相比，较高的收益率问题要小得多”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e5c5950acc89489fb308d300c3dc20f\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>3.</b>\"<b>China Regulation:</b>&nbsp;As the regulatory pressure on China's leading offshore internet &amp; education firms has increased in recent weeks, tech hardware companies listed onshore have outperformed the Chinese market. With the broader Chinese economy still in a growth phase (with Chinese equities historically displaying 22% return over 15months, entirely driven by earnings re-rating), and earnings revisions outside of the internet sector higher year to date (MSCI China ex Internet EPS up +5% vs China Internet EPS down -22% YTD), this basket is designed to benefit from the expansion of China's high tech manufacturing capabilities. For the first time in 5 years we have seen a meaningful divergence between HK and China listed Tech. ADRs have consistently underperformed.\"</p><p><blockquote><b>3.</b>\"<b>中国法规：</b>最近几周，随着中国领先的离岸互联网和教育公司面临的监管压力加大，在境内上市的科技硬件公司的表现优于中国市场。由于更广泛的中国经济仍处于增长阶段（中国股市在15个月内的回报率为22%，完全是由盈利重新评级推动的），以及今年迄今为止互联网行业以外的盈利修正较高（MSCI中国除外互联网每股收益上涨+5%，而中国互联网每股收益年初至今下降-22%），该篮子旨在受益于中国高科技制造能力的扩张。五年来，我们首次看到香港和中国上市科技公司之间存在显着差异。美国存托凭证的表现一直不佳。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9b5efa9b164299c0081319274ad88464\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>4. Implied dispersion levels have structurally reset higher over the past 5Y in Europe &amp; US.</b></p><p><blockquote><b>4.在过去的5年里，欧洲和美国的隐含离差水平结构性地重置为更高。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/8dd483873504d2edb4cce8ab9f3dca03\" tg-width=\"594\" tg-height=\"440\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>5. Dispersion performance has been stable due to rising realized levels over the same period</b></p><p><blockquote><b>5.由于同期实现水平上升，分散性能一直稳定</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/8dd483873504d2edb4cce8ab9f3dca03\" tg-width=\"594\" tg-height=\"440\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>6. SX5E 1Y Vega neutral dispersion offered defensives properties in GFC &amp; COVID due to realized volatility spikes.</b></p><p><blockquote><b>6.由于实现了波动性峰值，SX5E 1Y Vega中性分散体在GFC和COVID中提供了防御特性。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/828358d146ae81f8416d3e6260df9471\" tg-width=\"606\" tg-height=\"434\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>7. Index implied volatility has reset sharply lower pre- and post-COVID,</b>which has contributed to rising implied entry levels for dispersion. However, the compression of index realized volatility since the US elections has maintained stable dispersion performance from the index leg. SX5E 1Y Dispersion performance has been stable due to contribution from both index and single-stock legs.</p><p><blockquote><b>7.指数隐含波动率在新冠疫情前后大幅降低，</b>这导致了离散的隐含进入水平的上升。然而，自美国大选以来指数已实现波动率的压缩使指数腿保持了稳定的分散表现。由于指数和个股的贡献，SX5E 1Y分散表现一直稳定。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f79d93d1babf3fbcd8240888633b008f\" tg-width=\"600\" tg-height=\"438\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>8. The fall in index implied volatility in recent years can be partly explained by the sharp fall in index implied correlation levels as well as falling demand for upside call options in European equities.</b>Market-implied average single-stock correlation shows that whilst index implied volatility has fallen since 2015 and again post-COVID, driving the implied dispersion entry level higher, this has coincided with a sharp fall in implied correlation levels over the same period. Therefore, dispersion strategies which sell expensive implied correlation have continued to perform well despite higher implied dispersion entry levels. SX5E 1Y implied correlation has fallen more than index implied volatility levels.</p><p><blockquote><b>8.近年来指数隐含波动率下降的部分原因是指数隐含相关性水平急剧下降，以及欧洲股票对上行看涨期权期权的需求下降。</b>市场隐含平均个股相关性显示，虽然指数隐含波动率自2015年以来下降，并在COVID后再次下降，推动隐含离差进入水平上升，但这与同期隐含相关性水平急剧下降相吻合。因此，尽管隐含离差进入水平较高，但出售昂贵的隐含相关性的离差策略继续表现良好。SX5E 1Y隐含相关性的跌幅超过了指数隐含波动率水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6c4e4fd3d5c2103c572126ee034d92ee\" tg-width=\"600\" tg-height=\"435\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>9. Correlation of returns on t vs t-1 is deeply negative in SX5E</b></p><p><blockquote><b>9.在SX5E中，t与t-1的回报相关性非常负</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/999e9e1449cc5df8c196025b2f68b08b\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p><p> <b>10. Despite the spread trading off the lower values during the post-Mar20 period, it remains at historical lows (18th percentile vs. past 5y).</b>The recent pick up in realized spread should support the forward vol level as we roll into the spot spread. Term-structure roll is favorable due to the steepness of the SPX term structure (~0.5v positive carry over the next 3m, everything else remaining equal). The spot spread gets delivered in December at extreme lows, &gt;3v below current 6m realized.</p><p><blockquote><b>10.尽管利差在2020年3月后期间脱离了较低的值，但仍处于历史低点（第18个百分点与过去5年相比）。</b>随着我们进入现货价差，最近已实现价差的回升应该会支撑远期成交量水平。由于SPX期限结构的陡度（在接下来的3m上约0.5 V正进位，其他条件保持不变），期限结构滚动是有利的。现货价差在12月份以极低的价格交付，比当前实现的6m低3v以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9641a36f2830851d562be4216ceea61e\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>11. Significant roll-up in the SX5E-SPX spread</b></p><p><blockquote><b>11.SX5E-SPX价差大幅上涨</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e03effca5987dae6fb8b74a564e750e\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>12. Realized correlation between broader market vs. Momentum vs. EU Cyclicals/Defensives</b></p><p><blockquote><b>12.大盘与动量与欧盟周期性/防御性之间已实现的相关性</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e03effca5987dae6fb8b74a564e750e\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>13. VOW3 term structure has materially flattened over the past year</b>(<b>red</b>&nbsp;vs.<b>grey</b>), driven by a combination of call overwriting in the front-end and more recently, long-dated upside options buyers. Implied volatility has also recently reset lower across the curve (<b>red</b>&nbsp;vs.<b>navy</b>) and the skew is flat/call skew is inverted. Therefore, consider owning long-dated upside call spreads which offer a high max. payout ratio (chart 4,<b>navy</b>) where you sell a call 3v higher (<b>grey</b>) than where you buy a call.</p><p><blockquote><b>13.VOW3期限结构在过去一年中基本持平</b>(<b>红色</b>vs.<b>灰色</b>），受到前端看涨期权覆盖和最近长期上行期权买家的共同推动。隐含波动率最近也在曲线上重置较低（<b>红色</b>vs.<b>海军</b>)并且偏斜是平的/看涨期权偏斜是反的。因此，考虑持有长期上行看涨期权利差，它提供了很高的最大派息率（图4，<b>海军</b>)哪里有卖看涨期权3v高的(<b>灰色</b>）比您购买看涨期权的地方还要多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/daaa03296f95fab3243b899b370370c0\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/goldmans-top-13-charts-month-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":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/goldmans-top-13-charts-month-august","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105489937","content_text":"The start of a new month means that Goldman's flow traders need a new set of exciting ideas and trades to dangle before their clients, and that's just what Goldman traders Scott Rubner, Matthew Fleury, Matthieu Martal , Kavita Vaja, and Jonas Bovbjerg are doing by putting together the following 13 charts that capture some of the best ideas and trade recos emerging from the world's most powerful trading desk.\n1. \"If you are a stock picker watching earnings prints you are likely fully engaged this week.This week will be peak liquidity for the rest of the summer. Vacation or extended vacation schedules officially kick off next week after earnings season. As we sit right now. Liquidity is at the highs into a busy week\"\n2. \"I think equities would be fine with higher yields- the negative correlation of SPX & NDX with the 30yr has turned positive again. Higher yields are much less of a problem than they were earlier this year\"\n\n3.\"China Regulation: As the regulatory pressure on China's leading offshore internet & education firms has increased in recent weeks, tech hardware companies listed onshore have outperformed the Chinese market. With the broader Chinese economy still in a growth phase (with Chinese equities historically displaying 22% return over 15months, entirely driven by earnings re-rating), and earnings revisions outside of the internet sector higher year to date (MSCI China ex Internet EPS up +5% vs China Internet EPS down -22% YTD), this basket is designed to benefit from the expansion of China's high tech manufacturing capabilities. For the first time in 5 years we have seen a meaningful divergence between HK and China listed Tech. ADRs have consistently underperformed.\"\n\n4. Implied dispersion levels have structurally reset higher over the past 5Y in Europe & US.\n\n5. Dispersion performance has been stable due to rising realized levels over the same period\n\n6. SX5E 1Y Vega neutral dispersion offered defensives properties in GFC & COVID due to realized volatility spikes.\n\n7. Index implied volatility has reset sharply lower pre- and post-COVID,which has contributed to rising implied entry levels for dispersion. However, the compression of index realized volatility since the US elections has maintained stable dispersion performance from the index leg. SX5E 1Y Dispersion performance has been stable due to contribution from both index and single-stock legs.\n\n8. The fall in index implied volatility in recent years can be partly explained by the sharp fall in index implied correlation levels as well as falling demand for upside call options in European equities.Market-implied average single-stock correlation shows that whilst index implied volatility has fallen since 2015 and again post-COVID, driving the implied dispersion entry level higher, this has coincided with a sharp fall in implied correlation levels over the same period. Therefore, dispersion strategies which sell expensive implied correlation have continued to perform well despite higher implied dispersion entry levels. SX5E 1Y implied correlation has fallen more than index implied volatility levels.\n\n9. Correlation of returns on t vs t-1 is deeply negative in SX5E\n\n10. Despite the spread trading off the lower values during the post-Mar20 period, it remains at historical lows (18th percentile vs. past 5y).The recent pick up in realized spread should support the forward vol level as we roll into the spot spread. Term-structure roll is favorable due to the steepness of the SPX term structure (~0.5v positive carry over the next 3m, everything else remaining equal). The spot spread gets delivered in December at extreme lows, >3v below current 6m realized.\n\n11. Significant roll-up in the SX5E-SPX spread\n\n12. Realized correlation between broader market vs. Momentum vs. EU Cyclicals/Defensives\n\n13. VOW3 term structure has materially flattened over the past year(red vs.grey), driven by a combination of call overwriting in the front-end and more recently, long-dated upside options buyers. Implied volatility has also recently reset lower across the curve (red vs.navy) and the skew is flat/call skew is inverted. Therefore, consider owning long-dated upside call spreads which offer a high max. payout ratio (chart 4,navy) where you sell a call 3v higher (grey) than where you buy a call.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805520815,"gmtCreate":1627892743037,"gmtModify":1633755536137,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"Expect more M&amp;A upcoming in view of current economic situation impacted by Covid-19 worldwide","listText":"Expect more M&amp;A upcoming in view of current economic situation impacted by Covid-19 worldwide","text":"Expect more M&A upcoming in view of current economic situation impacted by Covid-19 worldwide","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805520815","repostId":"1106026316","repostType":4,"repost":{"id":"1106026316","kind":"news","pubTimestamp":1627860338,"share":"https://www.laohu8.com/m/news/1106026316?lang=zh_CN&edition=full","pubTime":"2021-08-02 07:25","market":"us","language":"en","title":"Square Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal<blockquote>Square同意以290亿美元的全股票交易收购Afterpay</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106026316","media":"The Wall Street Journal","summary":"(Updated on August 2, 2021 ET 04:19 AM)\n\n\nSquare fell over 5% in premarket trading.\n\nAustralian inst","content":"<p><i>(Updated on August 2, 2021 ET&nbsp;04:19 AM)</i></p><p><blockquote><i>（更新于美国东部时间2021年8月2日凌晨04:19）</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/d8c9726bd034485ce2cd75b32ca6f291\" tg-width=\"629\" tg-height=\"520\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p>   <b>Square fell over 5% in premarket trading.</b>  Australian installment-payment company positions its service as a cheaper, more responsible alternative to a credit card</p><p><blockquote><b>Square在盘前交易中下跌超过5%。</b>澳大利亚分期付款公司将其服务定位为更便宜、更负责任的信用卡替代品</blockquote></p><p> YDNEY—SquareInc.&nbsp;has agreed to an all-stock deal valued at around $29 billion to acquire Australia’s&nbsp;AfterpayLtd., an installment-payment company that positions its service as a cheaper and more responsible alternative to a credit card.</p><p><blockquote>Ydney-SquareInc.已同意一项价值约290亿美元的全股票交易，收购澳大利亚AfterpayLtd.，这是一家分期付款公司，将其服务定位为更便宜、更负责任的信用卡替代品。</blockquote></p><p> Square said it plans to integrate Afterpay into its Seller and Cash App business units, which would allow more retailers to offer so-called buy now, pay later services at checkout.</p><p><blockquote>Square表示，计划将Afterpay整合到其卖家和现金应用程序业务部门中，这将允许更多零售商在结账时提供所谓的“先买后付”服务。</blockquote></p><p> Afterpay’s technology allows users to&nbsp;pay for goods in four interest-free installments, while receiving the goods immediately. Customers pay a fee only if they miss an automated payment, a transgression that also locks their account until the balance is repaid. Afterpay says this limits bad debts, particularly in a downturn when job security is shaky and household finances are stretched.</p><p><blockquote>Afterpay的技术允许用户分四期免息分期付款购买商品，同时立即收到商品。客户只有在错过自动付款时才需要支付费用，这种违规行为也会锁定他们的账户，直到余额被偿还。Afterpay表示，这限制了坏账，特别是在经济低迷时期，工作保障不稳定，家庭财务捉襟见肘。</blockquote></p><p> Most of Afterpay’s revenue comes from retail merchants, which pay a percentage of the value of each order placed by customers, plus a fixed fee. The company is expanding across the U.S. through deals with retailers including Anthropologie and Free People.</p><p><blockquote>Afterpay的大部分收入来自零售商，零售商支付客户每笔订单价值的一定比例，外加固定费用。该公司正在通过与Anthropologie和Free People等零售商的交易在美国扩张。</blockquote></p><p> “Square and Afterpay have a shared purpose,” said Jack Dorsey, Square’s chief executive. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.”</p><p><blockquote>Square首席执行官杰克·多西(Jack Dorsey)表示：“Square和Afterpay有着共同的目标。”“我们建立业务是为了让金融体系更加公平、方便和包容，Afterpay已经建立了一个符合这些原则的值得信赖的品牌。”</blockquote></p><p> Afterpay, Australia’s largest tech company by market capitalization, said the deal implies a value of around 126.21 Australian dollars (about US$92.66) for each of its shares, representing a 31% premium to its closing price on Friday.</p><p><blockquote>澳大利亚市值最大的科技公司Afterpay表示，这笔交易意味着其每股价值约为126.21澳元（约合92.66美元），较上周五收盘价溢价31%。</blockquote></p><p> Afterpay said its shareholders will receive 0.375 share of Square Class A common stock for each Afterpay share that they own. It expects Afterpay shareholders will own around 18.5% of the combined company when the deal completes.</p><p><blockquote>Afterpay表示，其股东持有的每股Afterpay股票将获得0.375股Square A类普通股。预计交易完成后，Afterpay股东将拥有合并后公司约18.5%的股份。</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>Square Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal<blockquote>Square同意以290亿美元的全股票交易收购Afterpay</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\">\nSquare Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal<blockquote>Square同意以290亿美元的全股票交易收购Afterpay</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\">2021-08-02 07:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>(Updated on August 2, 2021 ET&nbsp;04:19 AM)</i></p><p><blockquote><i>（更新于美国东部时间2021年8月2日凌晨04:19）</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/d8c9726bd034485ce2cd75b32ca6f291\" tg-width=\"629\" tg-height=\"520\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p>   <b>Square fell over 5% in premarket trading.</b>  Australian installment-payment company positions its service as a cheaper, more responsible alternative to a credit card</p><p><blockquote><b>Square在盘前交易中下跌超过5%。</b>澳大利亚分期付款公司将其服务定位为更便宜、更负责任的信用卡替代品</blockquote></p><p> YDNEY—SquareInc.&nbsp;has agreed to an all-stock deal valued at around $29 billion to acquire Australia’s&nbsp;AfterpayLtd., an installment-payment company that positions its service as a cheaper and more responsible alternative to a credit card.</p><p><blockquote>Ydney-SquareInc.已同意一项价值约290亿美元的全股票交易，收购澳大利亚AfterpayLtd.，这是一家分期付款公司，将其服务定位为更便宜、更负责任的信用卡替代品。</blockquote></p><p> Square said it plans to integrate Afterpay into its Seller and Cash App business units, which would allow more retailers to offer so-called buy now, pay later services at checkout.</p><p><blockquote>Square表示，计划将Afterpay整合到其卖家和现金应用程序业务部门中，这将允许更多零售商在结账时提供所谓的“先买后付”服务。</blockquote></p><p> Afterpay’s technology allows users to&nbsp;pay for goods in four interest-free installments, while receiving the goods immediately. Customers pay a fee only if they miss an automated payment, a transgression that also locks their account until the balance is repaid. Afterpay says this limits bad debts, particularly in a downturn when job security is shaky and household finances are stretched.</p><p><blockquote>Afterpay的技术允许用户分四期免息分期付款购买商品，同时立即收到商品。客户只有在错过自动付款时才需要支付费用，这种违规行为也会锁定他们的账户，直到余额被偿还。Afterpay表示，这限制了坏账，特别是在经济低迷时期，工作保障不稳定，家庭财务捉襟见肘。</blockquote></p><p> Most of Afterpay’s revenue comes from retail merchants, which pay a percentage of the value of each order placed by customers, plus a fixed fee. The company is expanding across the U.S. through deals with retailers including Anthropologie and Free People.</p><p><blockquote>Afterpay的大部分收入来自零售商，零售商支付客户每笔订单价值的一定比例，外加固定费用。该公司正在通过与Anthropologie和Free People等零售商的交易在美国扩张。</blockquote></p><p> “Square and Afterpay have a shared purpose,” said Jack Dorsey, Square’s chief executive. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.”</p><p><blockquote>Square首席执行官杰克·多西(Jack Dorsey)表示：“Square和Afterpay有着共同的目标。”“我们建立业务是为了让金融体系更加公平、方便和包容，Afterpay已经建立了一个符合这些原则的值得信赖的品牌。”</blockquote></p><p> Afterpay, Australia’s largest tech company by market capitalization, said the deal implies a value of around 126.21 Australian dollars (about US$92.66) for each of its shares, representing a 31% premium to its closing price on Friday.</p><p><blockquote>澳大利亚市值最大的科技公司Afterpay表示，这笔交易意味着其每股价值约为126.21澳元（约合92.66美元），较上周五收盘价溢价31%。</blockquote></p><p> Afterpay said its shareholders will receive 0.375 share of Square Class A common stock for each Afterpay share that they own. It expects Afterpay shareholders will own around 18.5% of the combined company when the deal completes.</p><p><blockquote>Afterpay表示，其股东持有的每股Afterpay股票将获得0.375股Square A类普通股。预计交易完成后，Afterpay股东将拥有合并后公司约18.5%的股份。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/square-agrees-to-acquire-afterpay-for-29-billion-in-all-stock-deal-11627855390?mod=hp_lead_pos3\">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":{},"source_url":"https://www.wsj.com/articles/square-agrees-to-acquire-afterpay-for-29-billion-in-all-stock-deal-11627855390?mod=hp_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106026316","content_text":"(Updated on August 2, 2021 ET 04:19 AM)\n\n\nSquare fell over 5% in premarket trading.\n\nAustralian installment-payment company positions its service as a cheaper, more responsible alternative to a credit card\nYDNEY—SquareInc. has agreed to an all-stock deal valued at around $29 billion to acquire Australia’s AfterpayLtd., an installment-payment company that positions its service as a cheaper and more responsible alternative to a credit card.\nSquare said it plans to integrate Afterpay into its Seller and Cash App business units, which would allow more retailers to offer so-called buy now, pay later services at checkout.\nAfterpay’s technology allows users to pay for goods in four interest-free installments, while receiving the goods immediately. Customers pay a fee only if they miss an automated payment, a transgression that also locks their account until the balance is repaid. Afterpay says this limits bad debts, particularly in a downturn when job security is shaky and household finances are stretched.\nMost of Afterpay’s revenue comes from retail merchants, which pay a percentage of the value of each order placed by customers, plus a fixed fee. The company is expanding across the U.S. through deals with retailers including Anthropologie and Free People.\n“Square and Afterpay have a shared purpose,” said Jack Dorsey, Square’s chief executive. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.”\nAfterpay, Australia’s largest tech company by market capitalization, said the deal implies a value of around 126.21 Australian dollars (about US$92.66) for each of its shares, representing a 31% premium to its closing price on Friday.\nAfterpay said its shareholders will receive 0.375 share of Square Class A common stock for each Afterpay share that they own. It expects Afterpay shareholders will own around 18.5% of the combined company when the deal completes.","news_type":1,"symbols_score_info":{"SQ":0.9}},"isVote":1,"tweetType":1,"viewCount":1651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805272220,"gmtCreate":1627887998360,"gmtModify":1633755578756,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"Go for Growth Stocks to grow your next Millions. Cheers","listText":"Go for Growth Stocks to grow your next Millions. Cheers","text":"Go for Growth Stocks to grow your next Millions. Cheers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805272220","repostId":"2156741169","repostType":4,"isVote":1,"tweetType":1,"viewCount":1518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805006144,"gmtCreate":1627817285288,"gmtModify":1633756154884,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"It's not question of if but when the big correction is coming.","listText":"It's not question of if but when the big correction is coming.","text":"It's not question of if but when the big correction is coming.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805006144","repostId":"1142925544","repostType":4,"repost":{"id":"1142925544","kind":"news","pubTimestamp":1627787240,"share":"https://www.laohu8.com/m/news/1142925544?lang=zh_CN&edition=full","pubTime":"2021-08-01 11:07","market":"us","language":"en","title":"Investors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year<blockquote>投资者当心！股市正在进入今年最危险的时期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1142925544","media":"Barron's","summary":"“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970","content":"<p>“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970s, recalling pleasant times at the beach or by the barbecue. No need to remind anyone back then of droughts, wildfires, or Covid-19 surges that are unfortunate features of the steamy season this year.</p><p><blockquote>“是的，现在是夏天，我一年中的这个时候，”乐队唱着20世纪70年代的金色老歌《夏天》，回忆着在海滩或烧烤时的愉快时光。没有必要提醒当时的任何人干旱、野火或新冠肺炎激增，这些都是今年潮湿季节的不幸特征。</blockquote></p><p> But the coming of August also means entering what historically has been the most treacherous stretch of the year for stocks, according to data going back to 1928 compiled by Bank of America analyst Stephen Suttmeier. He finds that theS&amp;P 500index had a negative return averaging 0.03% in August, September, and October—the worst three-month span of the year for the big-cap benchmark. In fact, they constitute the only three-month period that averages in the red.</p><p><blockquote>但根据美国银行分析师斯蒂芬·萨特迈尔(Stephen Suttmeier)汇编的1928年以来的数据，8月的到来也意味着股市将进入历史上一年中最危险的时期。他发现标准普尔500指数在8月、9月和10月的平均回报率为0.03%，这是大盘股基准今年最糟糕的三个月。事实上，它们构成了唯一平均亏损的三个月期间。</blockquote></p><p> August actually is bracketed by the best and worst months of the year, he adds in a research note. July averages a 1.58% return on the S&amp;P 500, with positive results 59.1% of the time, while September averages a negative 1.03%, ending in the plus column less than half of the time, or 45%.</p><p><blockquote>他在一份研究报告中补充道，八月实际上是一年中最好和最差的月份。7月份标普500的平均回报率为1.58%，其中59.1%的时间为正，而9月份的平均回报率为负1.03%，只有不到一半的时间（即45%）出现在正栏中。</blockquote></p><p> This July did even better than the norm, with the S&amp;P 500 gaining 2.27%. It also was the sixth consecutive up month for the index—the longest positive streak since September 2018, according to Dow Jones’ statistical mavens. During that period, its cumulative advance was 18.34%.</p><p><blockquote>今年7月的表现甚至好于正常水平，标普500上涨了2.27%。根据道琼斯统计专家的数据，这也是该指数连续第六个月上涨，这是自2018年9月以来最长的连续上涨。在此期间，其累计预付款为18.34%。</blockquote></p><p> August’s record is in between, with an average 0.70% S&amp;P 500 return and positive results 58.1% of the time, marking a transition from the “summer rip” to the “fall dip.”</p><p><blockquote>8月份的记录介于两者之间，平均标普500回报率为0.70%，58.1%的时间为积极结果，标志着从“夏季暴跌”到“秋季暴跌”的转变。</blockquote></p><p> Not surprisingly, the laggard returns of the August-October period are accompanied by an uptick in volatility, Suttmeier finds. Based on records going back to 1992, theCboe Volatility Index,or VIX, has often seen spikes during those months, following relatively subdued volatility in the April-July period.</p><p><blockquote>Suttmeier发现，毫不奇怪，8月至10月期间的落后回报伴随着波动性的上升。根据1992年以来的记录，芝加哥期权交易所波动率指数(VIX)在4月至7月期间波动性相对较低后，在这几个月经常出现飙升。</blockquote></p><p> Past isn’t necessarily prologue, but if it is, the timing of the initial public offering byRobinhood Markets(ticker: HOOD) might prove propitious, if the stock market does have its typical seasonal rough patch. The online broker, whose putative mission is to open investing to novices supposedly ignored by established outfits, sold 55 million shares at $38 on Thursday. In the process, it provided a valuable lesson to all those who got in on the IPO: Buy low and sell high.</p><p><blockquote>过去不一定是序幕，但如果是，如果股市确实经历了典型的季节性艰难时期，Robinhood Markets（股票代码：HOOD）首次公开募股的时机可能会被证明是有利的。这家在线经纪商的假定使命是向据称被老牌机构忽视的新手开放投资，周四以38美元的价格出售了5500万股股票。在这个过程中，它为所有参与IPO的人提供了宝贵的一课：低买高卖。</blockquote></p><p> The company evidently fulfilled the latter imperative, selling its shares high, even though they were priced at the low end of the expected $38-$42 range. Their price sank 8.4% on their first day of trading, although they recouped a bit on Friday. By week’s end, buyers of Robinhood’s IPO who held were down 7.5%.</p><p><blockquote>该公司显然满足了后一项要求，高价出售其股票，尽管它们的定价处于预期38美元至42美元范围的低端。尽管周五有所回升，但其价格在首日交易中下跌了8.4%。截至本周末，持有Robinhood IPO的买家数量下降了7.5%。</blockquote></p><p> Among those who sold high were the company’s co-founders, CEO Vladimir Tenev and Chief Creative Officer Baiju Bhatt, who each offloaded 1.25 million shares in the IPO. As my illustrious predecessor, Alan Abelson, liked to observe, there are many good reasons to sell a stock, but expecting it to go up isn’t one of them. That has never been more true, given the ability of rich owners to monetize their assets by borrowing against them cheaply, and without incurring capital-gains taxes.</p><p><blockquote>卖出高价的人包括该公司的联合创始人、首席执行官弗拉基米尔·特涅夫(Vladimir Tenev)和首席创意官白菊·巴特(Baiju Bhatt)，他们在IPO中每人抛售了125万股。正如我杰出的前任艾伦·阿贝尔森（Alan Abelson）喜欢观察的那样，卖出股票有很多好的理由，但期望它上涨并不是其中之一。考虑到富有的所有者有能力通过廉价借贷将其资产货币化，并且无需缴纳资本利得税，这一点从未像现在这样真实。</blockquote></p><p> To be sure, Tenev and Bhatt still have significant stakes in Robinhood. Asour colleague Avi Salzman reported, these were worth $2.5 billion at the initial offering price, and Tenev and Bhatt retain voting control. The two also could receive awards of shares worth as much as $6.7 billion for Tenev and $4 billion for Bhatt, if the stock hits $300, or nearly the proverbial ten-bagger from here.</p><p><blockquote>可以肯定的是，特涅夫和巴特仍然在罗宾汉拥有大量股份。正如我们的同事Avi Salzman报道的那样，按首次发行价计算，这些股票价值25亿美元，Tenev和Bhatt保留了投票权。如果股价达到300美元，或者接近众所周知的十倍，两人还可以获得Tenev价值高达67亿美元的股票奖励，Bhatt价值40亿美元的股票奖励。</blockquote></p><p> But in a blow against income inequality, the potential billionaire pair took symbolic pay cuts, to $34,248, the average annual wage of American workers. As the comedian Yakov Smirnoff likes to say, “What a country!”</p><p><blockquote>但为了打击收入不平等，这对潜在的亿万富翁夫妇象征性地减薪至34,248美元，这是美国工人的平均年薪。正如喜剧演员雅科夫·斯米尔诺夫喜欢说的：“多好的国家啊！”</blockquote></p><p> How those workers are faring will be a subject of the monthly employment report slated for release this coming Friday.</p><p><blockquote>这些工人的状况将成为定于本周五发布的月度就业报告的主题。</blockquote></p><p> Economists’ forecasts for nonfarm payrolls center around a gain of 900,000. Jefferies economists Aneta Markowska and Thomas Simons estimate that the increase could top the long-anticipated one million mark; they forecast 1.2 million.</p><p><blockquote>经济学家对非农就业人数的预测约为90万人。杰富瑞(Jefferies)经济学家Aneta Markowska和Thomas Simons估计，增幅可能会突破期待已久的100万大关；他们预测有120万。</blockquote></p><p> Markowska and Simons think the expiration of supplemental unemployment benefits in some states will boost the labor supply, although that is a matter of significant debate. (For more on the jobs market, seethis week’s cover story.)</p><p><blockquote>Markowska和Simons认为，一些州补充失业救济金的到期将增加劳动力供应，尽管这是一个有重大争议的问题。（有关就业市场的更多信息，请参阅本周的封面故事。）</blockquote></p><p></p>","source":"lsy1610680873436","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>Investors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year<blockquote>投资者当心！股市正在进入今年最危险的时期</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\">\nInvestors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year<blockquote>投资者当心！股市正在进入今年最危险的时期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-01 11:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970s, recalling pleasant times at the beach or by the barbecue. No need to remind anyone back then of droughts, wildfires, or Covid-19 surges that are unfortunate features of the steamy season this year.</p><p><blockquote>“是的，现在是夏天，我一年中的这个时候，”乐队唱着20世纪70年代的金色老歌《夏天》，回忆着在海滩或烧烤时的愉快时光。没有必要提醒当时的任何人干旱、野火或新冠肺炎激增，这些都是今年潮湿季节的不幸特征。</blockquote></p><p> But the coming of August also means entering what historically has been the most treacherous stretch of the year for stocks, according to data going back to 1928 compiled by Bank of America analyst Stephen Suttmeier. He finds that theS&amp;P 500index had a negative return averaging 0.03% in August, September, and October—the worst three-month span of the year for the big-cap benchmark. In fact, they constitute the only three-month period that averages in the red.</p><p><blockquote>但根据美国银行分析师斯蒂芬·萨特迈尔(Stephen Suttmeier)汇编的1928年以来的数据，8月的到来也意味着股市将进入历史上一年中最危险的时期。他发现标准普尔500指数在8月、9月和10月的平均回报率为0.03%，这是大盘股基准今年最糟糕的三个月。事实上，它们构成了唯一平均亏损的三个月期间。</blockquote></p><p> August actually is bracketed by the best and worst months of the year, he adds in a research note. July averages a 1.58% return on the S&amp;P 500, with positive results 59.1% of the time, while September averages a negative 1.03%, ending in the plus column less than half of the time, or 45%.</p><p><blockquote>他在一份研究报告中补充道，八月实际上是一年中最好和最差的月份。7月份标普500的平均回报率为1.58%，其中59.1%的时间为正，而9月份的平均回报率为负1.03%，只有不到一半的时间（即45%）出现在正栏中。</blockquote></p><p> This July did even better than the norm, with the S&amp;P 500 gaining 2.27%. It also was the sixth consecutive up month for the index—the longest positive streak since September 2018, according to Dow Jones’ statistical mavens. During that period, its cumulative advance was 18.34%.</p><p><blockquote>今年7月的表现甚至好于正常水平，标普500上涨了2.27%。根据道琼斯统计专家的数据，这也是该指数连续第六个月上涨，这是自2018年9月以来最长的连续上涨。在此期间，其累计预付款为18.34%。</blockquote></p><p> August’s record is in between, with an average 0.70% S&amp;P 500 return and positive results 58.1% of the time, marking a transition from the “summer rip” to the “fall dip.”</p><p><blockquote>8月份的记录介于两者之间，平均标普500回报率为0.70%，58.1%的时间为积极结果，标志着从“夏季暴跌”到“秋季暴跌”的转变。</blockquote></p><p> Not surprisingly, the laggard returns of the August-October period are accompanied by an uptick in volatility, Suttmeier finds. Based on records going back to 1992, theCboe Volatility Index,or VIX, has often seen spikes during those months, following relatively subdued volatility in the April-July period.</p><p><blockquote>Suttmeier发现，毫不奇怪，8月至10月期间的落后回报伴随着波动性的上升。根据1992年以来的记录，芝加哥期权交易所波动率指数(VIX)在4月至7月期间波动性相对较低后，在这几个月经常出现飙升。</blockquote></p><p> Past isn’t necessarily prologue, but if it is, the timing of the initial public offering byRobinhood Markets(ticker: HOOD) might prove propitious, if the stock market does have its typical seasonal rough patch. The online broker, whose putative mission is to open investing to novices supposedly ignored by established outfits, sold 55 million shares at $38 on Thursday. In the process, it provided a valuable lesson to all those who got in on the IPO: Buy low and sell high.</p><p><blockquote>过去不一定是序幕，但如果是，如果股市确实经历了典型的季节性艰难时期，Robinhood Markets（股票代码：HOOD）首次公开募股的时机可能会被证明是有利的。这家在线经纪商的假定使命是向据称被老牌机构忽视的新手开放投资，周四以38美元的价格出售了5500万股股票。在这个过程中，它为所有参与IPO的人提供了宝贵的一课：低买高卖。</blockquote></p><p> The company evidently fulfilled the latter imperative, selling its shares high, even though they were priced at the low end of the expected $38-$42 range. Their price sank 8.4% on their first day of trading, although they recouped a bit on Friday. By week’s end, buyers of Robinhood’s IPO who held were down 7.5%.</p><p><blockquote>该公司显然满足了后一项要求，高价出售其股票，尽管它们的定价处于预期38美元至42美元范围的低端。尽管周五有所回升，但其价格在首日交易中下跌了8.4%。截至本周末，持有Robinhood IPO的买家数量下降了7.5%。</blockquote></p><p> Among those who sold high were the company’s co-founders, CEO Vladimir Tenev and Chief Creative Officer Baiju Bhatt, who each offloaded 1.25 million shares in the IPO. As my illustrious predecessor, Alan Abelson, liked to observe, there are many good reasons to sell a stock, but expecting it to go up isn’t one of them. That has never been more true, given the ability of rich owners to monetize their assets by borrowing against them cheaply, and without incurring capital-gains taxes.</p><p><blockquote>卖出高价的人包括该公司的联合创始人、首席执行官弗拉基米尔·特涅夫(Vladimir Tenev)和首席创意官白菊·巴特(Baiju Bhatt)，他们在IPO中每人抛售了125万股。正如我杰出的前任艾伦·阿贝尔森（Alan Abelson）喜欢观察的那样，卖出股票有很多好的理由，但期望它上涨并不是其中之一。考虑到富有的所有者有能力通过廉价借贷将其资产货币化，并且无需缴纳资本利得税，这一点从未像现在这样真实。</blockquote></p><p> To be sure, Tenev and Bhatt still have significant stakes in Robinhood. Asour colleague Avi Salzman reported, these were worth $2.5 billion at the initial offering price, and Tenev and Bhatt retain voting control. The two also could receive awards of shares worth as much as $6.7 billion for Tenev and $4 billion for Bhatt, if the stock hits $300, or nearly the proverbial ten-bagger from here.</p><p><blockquote>可以肯定的是，特涅夫和巴特仍然在罗宾汉拥有大量股份。正如我们的同事Avi Salzman报道的那样，按首次发行价计算，这些股票价值25亿美元，Tenev和Bhatt保留了投票权。如果股价达到300美元，或者接近众所周知的十倍，两人还可以获得Tenev价值高达67亿美元的股票奖励，Bhatt价值40亿美元的股票奖励。</blockquote></p><p> But in a blow against income inequality, the potential billionaire pair took symbolic pay cuts, to $34,248, the average annual wage of American workers. As the comedian Yakov Smirnoff likes to say, “What a country!”</p><p><blockquote>但为了打击收入不平等，这对潜在的亿万富翁夫妇象征性地减薪至34,248美元，这是美国工人的平均年薪。正如喜剧演员雅科夫·斯米尔诺夫喜欢说的：“多好的国家啊！”</blockquote></p><p> How those workers are faring will be a subject of the monthly employment report slated for release this coming Friday.</p><p><blockquote>这些工人的状况将成为定于本周五发布的月度就业报告的主题。</blockquote></p><p> Economists’ forecasts for nonfarm payrolls center around a gain of 900,000. Jefferies economists Aneta Markowska and Thomas Simons estimate that the increase could top the long-anticipated one million mark; they forecast 1.2 million.</p><p><blockquote>经济学家对非农就业人数的预测约为90万人。杰富瑞(Jefferies)经济学家Aneta Markowska和Thomas Simons估计，增幅可能会突破期待已久的100万大关；他们预测有120万。</blockquote></p><p> Markowska and Simons think the expiration of supplemental unemployment benefits in some states will boost the labor supply, although that is a matter of significant debate. (For more on the jobs market, seethis week’s cover story.)</p><p><blockquote>Markowska和Simons认为，一些州补充失业救济金的到期将增加劳动力供应，尽管这是一个有重大争议的问题。（有关就业市场的更多信息，请参阅本周的封面故事。）</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-news-robinhood-sp500-51627692215?mod=hp_LATEST\">Barron's</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stocks-news-robinhood-sp500-51627692215?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142925544","content_text":"“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970s, recalling pleasant times at the beach or by the barbecue. No need to remind anyone back then of droughts, wildfires, or Covid-19 surges that are unfortunate features of the steamy season this year.\nBut the coming of August also means entering what historically has been the most treacherous stretch of the year for stocks, according to data going back to 1928 compiled by Bank of America analyst Stephen Suttmeier. He finds that theS&P 500index had a negative return averaging 0.03% in August, September, and October—the worst three-month span of the year for the big-cap benchmark. In fact, they constitute the only three-month period that averages in the red.\nAugust actually is bracketed by the best and worst months of the year, he adds in a research note. July averages a 1.58% return on the S&P 500, with positive results 59.1% of the time, while September averages a negative 1.03%, ending in the plus column less than half of the time, or 45%.\nThis July did even better than the norm, with the S&P 500 gaining 2.27%. It also was the sixth consecutive up month for the index—the longest positive streak since September 2018, according to Dow Jones’ statistical mavens. During that period, its cumulative advance was 18.34%.\nAugust’s record is in between, with an average 0.70% S&P 500 return and positive results 58.1% of the time, marking a transition from the “summer rip” to the “fall dip.”\nNot surprisingly, the laggard returns of the August-October period are accompanied by an uptick in volatility, Suttmeier finds. Based on records going back to 1992, theCboe Volatility Index,or VIX, has often seen spikes during those months, following relatively subdued volatility in the April-July period.\nPast isn’t necessarily prologue, but if it is, the timing of the initial public offering byRobinhood Markets(ticker: HOOD) might prove propitious, if the stock market does have its typical seasonal rough patch. The online broker, whose putative mission is to open investing to novices supposedly ignored by established outfits, sold 55 million shares at $38 on Thursday. In the process, it provided a valuable lesson to all those who got in on the IPO: Buy low and sell high.\nThe company evidently fulfilled the latter imperative, selling its shares high, even though they were priced at the low end of the expected $38-$42 range. Their price sank 8.4% on their first day of trading, although they recouped a bit on Friday. By week’s end, buyers of Robinhood’s IPO who held were down 7.5%.\nAmong those who sold high were the company’s co-founders, CEO Vladimir Tenev and Chief Creative Officer Baiju Bhatt, who each offloaded 1.25 million shares in the IPO. As my illustrious predecessor, Alan Abelson, liked to observe, there are many good reasons to sell a stock, but expecting it to go up isn’t one of them. That has never been more true, given the ability of rich owners to monetize their assets by borrowing against them cheaply, and without incurring capital-gains taxes.\nTo be sure, Tenev and Bhatt still have significant stakes in Robinhood. Asour colleague Avi Salzman reported, these were worth $2.5 billion at the initial offering price, and Tenev and Bhatt retain voting control. The two also could receive awards of shares worth as much as $6.7 billion for Tenev and $4 billion for Bhatt, if the stock hits $300, or nearly the proverbial ten-bagger from here.\nBut in a blow against income inequality, the potential billionaire pair took symbolic pay cuts, to $34,248, the average annual wage of American workers. As the comedian Yakov Smirnoff likes to say, “What a country!”\nHow those workers are faring will be a subject of the monthly employment report slated for release this coming Friday.\nEconomists’ forecasts for nonfarm payrolls center around a gain of 900,000. Jefferies economists Aneta Markowska and Thomas Simons estimate that the increase could top the long-anticipated one million mark; they forecast 1.2 million.\nMarkowska and Simons think the expiration of supplemental unemployment benefits in some states will boost the labor supply, although that is a matter of significant debate. (For more on the jobs market, seethis week’s cover story.)","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":698,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802344582,"gmtCreate":1627724956546,"gmtModify":1633756789454,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"To control too big to fail companies?&nbsp;","listText":"To control too big to fail companies?&nbsp;","text":"To control too big to fail companies?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/802344582","repostId":"1181187866","repostType":4,"isVote":1,"tweetType":1,"viewCount":647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802345399,"gmtCreate":1627724829711,"gmtModify":1633756790788,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"Always stay prepared for incoming correction. Stay safe.","listText":"Always stay prepared for incoming correction. Stay safe.","text":"Always stay prepared for incoming correction. Stay safe.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/802345399","repostId":"1127411624","repostType":4,"repost":{"id":"1127411624","kind":"news","pubTimestamp":1627715622,"share":"https://www.laohu8.com/m/news/1127411624?lang=zh_CN&edition=full","pubTime":"2021-07-31 15:13","market":"us","language":"en","title":"Here’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127411624","media":"MarketWatch","summary":"After hibernating for months, the stock-market bears came out of their caves on July 19. That day, t","content":"<p>After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.</p><p><blockquote>经过几个月的冬眠，股市空头于7月19日走出了洞穴。当天，道琼斯工业平均指数DJIA下跌725点，跌幅2.1%，-0.42%。熊队打出了一个本垒打——至少一天。</blockquote></p><p> As usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.</p><p><blockquote>像往常一样，每个人都想知道市场下跌的原因，分析师们已经准备好了答案，从COVID-19的德尔塔变异毒株到消费者价格指数，再到超买的技术指标。</blockquote></p><p> The truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.</p><p><blockquote>事实是没人知道。人们出售有多种原因，因此将责任归咎于一个事件是荒谬的。也就是说，下降的一个重要原因是计算机生成的自动销售。一旦大型市场参与者，尤其是算法，开始抛售，就会出现疯狂的抛售。没有人想成为最后一个出局的人，因此散户和机构在恐慌中抛售，随着时间的推移，恐慌情绪变得更加强烈。</blockquote></p><p> Technical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.&nbsp; After the July 26 market close, the RSI of the S&amp;P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.</p><p><blockquote>技术指标也做出了贡献：每周相对强弱指标（RSI）在警告市场逆转方面非常准确。一旦RSI超过70并保持在那里，买家就要小心了。7月26日收盘后，标准普尔500SPX的RSI，-0.54%在周线图上站在71.36——这是一个极度超买的读数。这是不是意味着指数明天要暴跌了？没人知道。但RSI给出了美国市场处于危险区域的线索。</blockquote></p><p> <b>The bad news bears can’t catch a break</b></p><p><blockquote><b>坏消息空头无法休息</b></blockquote></p><p> Before the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.</p><p><blockquote>在空头说“我告诉过你”之前，第二天，即7月20日，道琼斯指数700多点的抛售被道琼斯指数550点的反弹抹去了。多头忘记了抛售，重新开始庆祝，一杯又一杯地喝着他们最喜欢的饮料“bull-ade”。风暴又一次过去了，但这一次有点恐惧爬进了公牛的心灵。之前，唯一的恐惧是害怕错过下一次反弹。现在，许多投资者意识到市场实际上可能会下跌。</blockquote></p><p> <b>What to do now</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:</p><p><blockquote>下次市场暴跌并且您正在经历各种情绪时，以下指南可能会有所帮助：</blockquote></p><p> <b>1. If you’re panicked</b>: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.</p><p><blockquote><b>1.如果你感到恐慌</b>：不做某事；坐在那里。不买，不卖，坐稳。事实上，关掉电脑或其他设备。不要担心那天你丢了多少纸币。锻炼，散步，跑步，游泳，骑自行车。你的目标是减少情绪，这样你就能睡个好觉。当市场稳定时，重新评估你所拥有的。在这样的日子里，不要做任何重大的财务决定。</blockquote></p><p> <b>2. If you’re afraid</b>: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.</p><p><blockquote><b>2.如果你害怕</b>：放轻松。抛售最终会结束。没有理由恐慌。同样，当市场恢复理智时，重新评估你所拥有的东西。</blockquote></p><p> <b>3. If you’re unaffected:</b>Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.</p><p><blockquote><b>3.如果您没有受到影响：</b>不过，请检查您的投资组合以确保您的投资组合适当多元化。虽然人们发现不要关心市场是否下跌，但要确保你为最坏的情况做好了对冲。总有一天会出现持续数月或数年的熊市。做好准备。</blockquote></p><p> <b>What specific actions should you take?</b></p><p><blockquote><b>你应该采取什么具体行动？</b></blockquote></p><p> Now that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:</p><p><blockquote>既然你已经照顾好了自己的情绪健康，你还可以做出其他的财务决定。让我们来看看一些可能有帮助的战略和战术：</blockquote></p><p> <ol>  <li>Sell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard &amp; Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.</li>  <li>Create a long-term investment plan and follow it no matter what happens in the short term.</li>  <li>Dollar-cost average into index funds.</li>  <li>Diversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.</li>  <li>Buy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.</li>  <li>Sell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.</li> </ol> <b>Plan for the next correction or bear market</b></p><p><blockquote><ol><li>如果您持有的股票或指数跌破200日移动平均线，则卖出。注：标准普尔500SPX,-0.54%等主要指数十年来没有跌破（并保持在低于）200日平均水平。当他们最终这样做时，这是一个明确的卖出信号。</li><li>制定一个长期投资计划，无论短期内发生什么都要遵循它。</li><li>指数基金的平均成本。</li><li>多样化。这是股市和人生成功的关键。如果您只持有股票，请考虑债券，但在采取这一步骤之前请与金融专业人士（而不是您的邻居）交谈。</li><li>逢低买入。这个策略仍然有效。如果你在7月19日逢低买入，你就会在7月20日清理干净。总有一天这种策略行不通了，但那一天还没有到来。</li><li>出售备兑看涨期权期权。这仍然是产生额外收入的绝佳方式。这种策略也非常适合处理不需要的股票并获得报酬。</li></ol><b>为下一次调整或熊市做好计划</b></blockquote></p><p> After a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.</p><p><blockquote>在经历了13年的牛市之后，美国股市的时间已经不多了。虽然多头这次又取得了胜利，但有一天市场不会逆转方向，将开始急剧调整，或者更糟的是，进入熊市。那时你会很高兴你有一个计划和一个在最糟糕的日子里可以遵循的投资脚本。</blockquote></p><p> Know what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.</p><p><blockquote>了解您拥有什么，将其出售到“睡眠良好”点，并多元化投资于包括现金和债券在内的各种金融产品。这样，当市场再次暴跌时，你就不会做出下意识的情绪化决定或遭受焦虑发作。</blockquote></p><p></p>","source":"lsy1603348471595","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>Here’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</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\">\nHere’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-31 15:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.</p><p><blockquote>经过几个月的冬眠，股市空头于7月19日走出了洞穴。当天，道琼斯工业平均指数DJIA下跌725点，跌幅2.1%，-0.42%。熊队打出了一个本垒打——至少一天。</blockquote></p><p> As usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.</p><p><blockquote>像往常一样，每个人都想知道市场下跌的原因，分析师们已经准备好了答案，从COVID-19的德尔塔变异毒株到消费者价格指数，再到超买的技术指标。</blockquote></p><p> The truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.</p><p><blockquote>事实是没人知道。人们出售有多种原因，因此将责任归咎于一个事件是荒谬的。也就是说，下降的一个重要原因是计算机生成的自动销售。一旦大型市场参与者，尤其是算法，开始抛售，就会出现疯狂的抛售。没有人想成为最后一个出局的人，因此散户和机构在恐慌中抛售，随着时间的推移，恐慌情绪变得更加强烈。</blockquote></p><p> Technical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.&nbsp; After the July 26 market close, the RSI of the S&amp;P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.</p><p><blockquote>技术指标也做出了贡献：每周相对强弱指标（RSI）在警告市场逆转方面非常准确。一旦RSI超过70并保持在那里，买家就要小心了。7月26日收盘后，标准普尔500SPX的RSI，-0.54%在周线图上站在71.36——这是一个极度超买的读数。这是不是意味着指数明天要暴跌了？没人知道。但RSI给出了美国市场处于危险区域的线索。</blockquote></p><p> <b>The bad news bears can’t catch a break</b></p><p><blockquote><b>坏消息空头无法休息</b></blockquote></p><p> Before the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.</p><p><blockquote>在空头说“我告诉过你”之前，第二天，即7月20日，道琼斯指数700多点的抛售被道琼斯指数550点的反弹抹去了。多头忘记了抛售，重新开始庆祝，一杯又一杯地喝着他们最喜欢的饮料“bull-ade”。风暴又一次过去了，但这一次有点恐惧爬进了公牛的心灵。之前，唯一的恐惧是害怕错过下一次反弹。现在，许多投资者意识到市场实际上可能会下跌。</blockquote></p><p> <b>What to do now</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:</p><p><blockquote>下次市场暴跌并且您正在经历各种情绪时，以下指南可能会有所帮助：</blockquote></p><p> <b>1. If you’re panicked</b>: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.</p><p><blockquote><b>1.如果你感到恐慌</b>：不做某事；坐在那里。不买，不卖，坐稳。事实上，关掉电脑或其他设备。不要担心那天你丢了多少纸币。锻炼，散步，跑步，游泳，骑自行车。你的目标是减少情绪，这样你就能睡个好觉。当市场稳定时，重新评估你所拥有的。在这样的日子里，不要做任何重大的财务决定。</blockquote></p><p> <b>2. If you’re afraid</b>: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.</p><p><blockquote><b>2.如果你害怕</b>：放轻松。抛售最终会结束。没有理由恐慌。同样，当市场恢复理智时，重新评估你所拥有的东西。</blockquote></p><p> <b>3. If you’re unaffected:</b>Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.</p><p><blockquote><b>3.如果您没有受到影响：</b>不过，请检查您的投资组合以确保您的投资组合适当多元化。虽然人们发现不要关心市场是否下跌，但要确保你为最坏的情况做好了对冲。总有一天会出现持续数月或数年的熊市。做好准备。</blockquote></p><p> <b>What specific actions should you take?</b></p><p><blockquote><b>你应该采取什么具体行动？</b></blockquote></p><p> Now that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:</p><p><blockquote>既然你已经照顾好了自己的情绪健康，你还可以做出其他的财务决定。让我们来看看一些可能有帮助的战略和战术：</blockquote></p><p> <ol>  <li>Sell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard &amp; Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.</li>  <li>Create a long-term investment plan and follow it no matter what happens in the short term.</li>  <li>Dollar-cost average into index funds.</li>  <li>Diversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.</li>  <li>Buy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.</li>  <li>Sell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.</li> </ol> <b>Plan for the next correction or bear market</b></p><p><blockquote><ol><li>如果您持有的股票或指数跌破200日移动平均线，则卖出。注：标准普尔500SPX,-0.54%等主要指数十年来没有跌破（并保持在低于）200日平均水平。当他们最终这样做时，这是一个明确的卖出信号。</li><li>制定一个长期投资计划，无论短期内发生什么都要遵循它。</li><li>指数基金的平均成本。</li><li>多样化。这是股市和人生成功的关键。如果您只持有股票，请考虑债券，但在采取这一步骤之前请与金融专业人士（而不是您的邻居）交谈。</li><li>逢低买入。这个策略仍然有效。如果你在7月19日逢低买入，你就会在7月20日清理干净。总有一天这种策略行不通了，但那一天还没有到来。</li><li>出售备兑看涨期权期权。这仍然是产生额外收入的绝佳方式。这种策略也非常适合处理不需要的股票并获得报酬。</li></ol><b>为下一次调整或熊市做好计划</b></blockquote></p><p> After a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.</p><p><blockquote>在经历了13年的牛市之后，美国股市的时间已经不多了。虽然多头这次又取得了胜利，但有一天市场不会逆转方向，将开始急剧调整，或者更糟的是，进入熊市。那时你会很高兴你有一个计划和一个在最糟糕的日子里可以遵循的投资脚本。</blockquote></p><p> Know what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.</p><p><blockquote>了解您拥有什么，将其出售到“睡眠良好”点，并多元化投资于包括现金和债券在内的各种金融产品。这样，当市场再次暴跌时，你就不会做出下意识的情绪化决定或遭受焦虑发作。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/heres-your-to-do-list-before-the-stock-markets-next-dive-11627360870?mod=article_inline\">MarketWatch</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","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/heres-your-to-do-list-before-the-stock-markets-next-dive-11627360870?mod=article_inline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127411624","content_text":"After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.\nAs usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.\nThe truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.\nTechnical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.  After the July 26 market close, the RSI of the S&P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.\nThe bad news bears can’t catch a break\nBefore the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.\nWhat to do now\nThe next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:\n1. If you’re panicked: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.\n2. If you’re afraid: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.\n3. If you’re unaffected:Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.\nWhat specific actions should you take?\nNow that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:\n\nSell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard & Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.\nCreate a long-term investment plan and follow it no matter what happens in the short term.\nDollar-cost average into index funds.\nDiversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.\nBuy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.\nSell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.\n\nPlan for the next correction or bear market\nAfter a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.\nKnow what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":473,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801492666,"gmtCreate":1627526473255,"gmtModify":1633764103298,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"Counting down to rate hike","listText":"Counting down to rate hike","text":"Counting down to rate hike","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/801492666","repostId":"1127264445","repostType":4,"repost":{"id":"1127264445","kind":"news","pubTimestamp":1627514621,"share":"https://www.laohu8.com/m/news/1127264445?lang=zh_CN&edition=full","pubTime":"2021-07-29 07:23","market":"us","language":"en","title":"S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500收于当日低点；鲍威尔称美联储距离加息还有很长的路要走</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127264445","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after th","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> said the central bank was still a ways away from considering raising interest rates.</p><p><blockquote>路透纽约3月19日-标普500周三收盘变化不大，但脱离盘中低点，此前美联储表示美国经济复苏仍在正轨上，主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>表示央行距离考虑加息还有一段路要走。</blockquote></p><p> Keeping the market in check, shares of tech giant <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc fell 1.2% after it forecast slowing revenue growth.</p><p><blockquote>控制市场，科技巨头的股票<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc预测收入增长放缓，股价下跌1.2%。</blockquote></p><p> In a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.</p><p><blockquote>在美联储发布新政策声明后的新闻发布会上，鲍威尔还表示，在退出美联储提供的经济支持之前，美国就业市场仍有“一些地方需要覆盖”。2020年春季，以应对冠状病毒大流行的经济冲击。</blockquote></p><p> “It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz &amp; Associates Inc, an investment advisory firm based in Toledo, Ohio.</p><p><blockquote>总部位于俄亥俄州托莱多的投资咨询公司Alan B.Lancz&amp;Associates Inc总裁艾伦·兰茨(Alan Lancz)表示：“看起来对市场来说最积极的事情可能是他们远未加息。”</blockquote></p><p> Right after the Fed statement, the S&amp;P 500 index reversed slight declines though it still ended a hair lower on the day.</p><p><blockquote>美联储声明发布后，标普500指数扭转了小幅跌势，但当天收盘仍小幅下跌。</blockquote></p><p> <a href=\"https://laohu8.com/S/ISBC\">Investors</a> have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>一直担心通胀上升和COVID-19病例激增可能会影响央行可能开始撤回刺激措施的计划。</blockquote></p><p> The central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.</p><p><blockquote>央行还表示，通胀上升仍然是“暂时性因素”的结果。美联储将隔夜基准利率维持在零附近，并维持债券购买计划不变。</blockquote></p><p> The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> ended higher and shares of Google parent <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.</p><p><blockquote>The<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>谷歌母公司股价收高<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>由于广告支出激增帮助其公布了创纪录的季度业绩，Inc创下历史新高。该股收盘上涨3.2%。</blockquote></p><p> The Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&amp;P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.</p><p><blockquote>道琼斯工业平均指数下跌127.59点，跌幅0.36%，至34,930.93点；标普500下跌0.82点，跌幅0.02%，至4,400.64点；纳斯达克综合指数上涨102.01点，跌幅0.7%，至14,762.58点。</blockquote></p><p> The Fed’s statement came at the conclusion of its latest two-day policy meeting.</p><p><blockquote>美联储的声明是在最近一次为期两天的政策会议结束时发表的。</blockquote></p><p> “They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in <a href=\"https://laohu8.com/S/WEBK\">Wellesley</a>, Massachusetts.</p><p><blockquote>F.L.投资组合经理Ellen Hazen表示：“他们有机会发出信号，表明他们将变得更加鹰派，但他们选择不接受。最重要的是，他们是可预测的，而且仍然是可预测的。”普特南投资管理公司<a href=\"https://laohu8.com/S/WEBK\">韦尔斯利</a>，马萨诸塞州。</blockquote></p><p> In other earnings news, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.</p><p><blockquote>在其他财报消息中，<a href=\"https://laohu8.com/S/MSFT\">微软</a>尽管云服务的繁荣帮助其收入和盈利超出了华尔街的预期，但该公司收盘下跌0.1%。</blockquote></p><p> Volume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为98.6亿股，而过去20个交易日的全交易日平均成交量相似。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为1.85比1；在纳斯达克，2.61比1的比率有利于上涨者。</blockquote></p><p> The S&amp;P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.</p><p><blockquote>标普500创下42个52周新高，无新低；纳斯达克综合指数录得44个新高和67个新低。</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>S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500收于当日低点；鲍威尔称美联储距离加息还有很长的路要走</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\">\nS&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500收于当日低点；鲍威尔称美联储距离加息还有很长的路要走</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-29 07:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - The S&amp;P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> said the central bank was still a ways away from considering raising interest rates.</p><p><blockquote>路透纽约3月19日-标普500周三收盘变化不大，但脱离盘中低点，此前美联储表示美国经济复苏仍在正轨上，主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>表示央行距离考虑加息还有一段路要走。</blockquote></p><p> Keeping the market in check, shares of tech giant <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc fell 1.2% after it forecast slowing revenue growth.</p><p><blockquote>控制市场，科技巨头的股票<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc预测收入增长放缓，股价下跌1.2%。</blockquote></p><p> In a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.</p><p><blockquote>在美联储发布新政策声明后的新闻发布会上，鲍威尔还表示，在退出美联储提供的经济支持之前，美国就业市场仍有“一些地方需要覆盖”。2020年春季，以应对冠状病毒大流行的经济冲击。</blockquote></p><p> “It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz &amp; Associates Inc, an investment advisory firm based in Toledo, Ohio.</p><p><blockquote>总部位于俄亥俄州托莱多的投资咨询公司Alan B.Lancz&amp;Associates Inc总裁艾伦·兰茨(Alan Lancz)表示：“看起来对市场来说最积极的事情可能是他们远未加息。”</blockquote></p><p> Right after the Fed statement, the S&amp;P 500 index reversed slight declines though it still ended a hair lower on the day.</p><p><blockquote>美联储声明发布后，标普500指数扭转了小幅跌势，但当天收盘仍小幅下跌。</blockquote></p><p> <a href=\"https://laohu8.com/S/ISBC\">Investors</a> have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>一直担心通胀上升和COVID-19病例激增可能会影响央行可能开始撤回刺激措施的计划。</blockquote></p><p> The central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.</p><p><blockquote>央行还表示，通胀上升仍然是“暂时性因素”的结果。美联储将隔夜基准利率维持在零附近，并维持债券购买计划不变。</blockquote></p><p> The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> ended higher and shares of Google parent <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.</p><p><blockquote>The<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>谷歌母公司股价收高<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>由于广告支出激增帮助其公布了创纪录的季度业绩，Inc创下历史新高。该股收盘上涨3.2%。</blockquote></p><p> The Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&amp;P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.</p><p><blockquote>道琼斯工业平均指数下跌127.59点，跌幅0.36%，至34,930.93点；标普500下跌0.82点，跌幅0.02%，至4,400.64点；纳斯达克综合指数上涨102.01点，跌幅0.7%，至14,762.58点。</blockquote></p><p> The Fed’s statement came at the conclusion of its latest two-day policy meeting.</p><p><blockquote>美联储的声明是在最近一次为期两天的政策会议结束时发表的。</blockquote></p><p> “They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in <a href=\"https://laohu8.com/S/WEBK\">Wellesley</a>, Massachusetts.</p><p><blockquote>F.L.投资组合经理Ellen Hazen表示：“他们有机会发出信号，表明他们将变得更加鹰派，但他们选择不接受。最重要的是，他们是可预测的，而且仍然是可预测的。”普特南投资管理公司<a href=\"https://laohu8.com/S/WEBK\">韦尔斯利</a>，马萨诸塞州。</blockquote></p><p> In other earnings news, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.</p><p><blockquote>在其他财报消息中，<a href=\"https://laohu8.com/S/MSFT\">微软</a>尽管云服务的繁荣帮助其收入和盈利超出了华尔街的预期，但该公司收盘下跌0.1%。</blockquote></p><p> Volume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为98.6亿股，而过去20个交易日的全交易日平均成交量相似。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为1.85比1；在纳斯达克，2.61比1的比率有利于上涨者。</blockquote></p><p> The S&amp;P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.</p><p><blockquote>标普500创下42个52周新高，无新低；纳斯达克综合指数录得44个新高和67个新低。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-ends-off-days-lows-powell-says-fed-still-a-ways-away-from-rate-hikes-idUSL1N2P435H\">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":{"161125":"标普500","OEX":"标普100","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares",".SPX":"S&P 500 Index","SDS":"两倍做空标普500 ETF-ProShares","SH":"做空标普500-Proshares","IVV":"标普500ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-ends-off-days-lows-powell-says-fed-still-a-ways-away-from-rate-hikes-idUSL1N2P435H","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127264445","content_text":"NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome Powell said the central bank was still a ways away from considering raising interest rates.\nKeeping the market in check, shares of tech giant Apple Inc fell 1.2% after it forecast slowing revenue growth.\nIn a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.\n“It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz & Associates Inc, an investment advisory firm based in Toledo, Ohio.\nRight after the Fed statement, the S&P 500 index reversed slight declines though it still ended a hair lower on the day.\nInvestors have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.\nThe central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.\nThe Nasdaq ended higher and shares of Google parent Alphabet Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.\nThe Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.\nThe Fed’s statement came at the conclusion of its latest two-day policy meeting.\n“They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in Wellesley, Massachusetts.\nIn other earnings news, Microsoft Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.\nVolume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.\nThe S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.","news_type":1,"symbols_score_info":{"161125":0.9,"SH":0.9,".DJI":0.9,"SSO":0.9,"SPXU":0.9,"SDS":0.9,"OEX":0.9,"IVV":0.9,"OEF":0.9,"UPRO":0.9,".SPX":0.9,"ESmain":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803494467,"gmtCreate":1627454537759,"gmtModify":1631885102718,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"Need Time to build Wealth","listText":"Need Time to build Wealth","text":"Need Time to build Wealth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803494467","repostId":"2154163579","repostType":4,"isVote":1,"tweetType":1,"viewCount":461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809325046,"gmtCreate":1627349198685,"gmtModify":1633765869578,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"More institutions joining&nbsp;crypto, good for crypto, buy some","listText":"More institutions joining&nbsp;crypto, good for crypto, buy some","text":"More institutions joining crypto, good for crypto, buy some","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/809325046","repostId":"1144558005","repostType":4,"repost":{"id":"1144558005","kind":"news","pubTimestamp":1627304910,"share":"https://www.laohu8.com/m/news/1144558005?lang=zh_CN&edition=full","pubTime":"2021-07-26 21:08","market":"fut","language":"en","title":"Amazon’s Cryptocurrency Plan Could Be a Game Changer<blockquote>亚马逊的加密货币计划可能会改变游戏规则</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144558005","media":"Barrons","summary":"Bitcoin and other cryptocurrencies have fallen on hard times recently, but the sector may have found","content":"<p>Bitcoin and other cryptocurrencies have fallen on hard times recently, but the sector may have found its hero in the form of Amazon.</p><p><blockquote>比特币和其他加密货币最近陷入困境，但该行业可能已经找到了亚马逊的英雄。</blockquote></p><p> The company’s job vacancy advertising for a “digital currency and blockchain product lead” has sparked rampant speculation over what the tech giant might have planned. The new position will be part of the team responsible for how Amazon’s customers pay on its platforms.</p><p><blockquote>该公司“数字货币和区块链产品负责人”的职位空缺广告引发了人们对这家科技巨头可能计划的广泛猜测。新职位将成为负责亚马逊客户如何在其平台上支付的团队的一员。</blockquote></p><p> The possibility of Amazon accepting cryptocurrency payments—by the end of the year,according to some reports—saw Bitcoin surge to six-week highs just below $40,000. There’s even the suggestion the internet behemoth could be developing its own coin and may also accept alternatives such as Ethereum.</p><p><blockquote>根据一些报道，亚马逊接受加密货币支付的可能性——到今年年底——导致比特币飙升至略低于4万美元的六周高点。甚至有迹象表明，这家互联网巨头可能正在开发自己的代币，也可能接受以太币等替代品。</blockquote></p><p> Cryptocurrencies face a fight over their role in society, their use, and ultimately their value. Acceptance by a company as big as Amazon will only help their case. It’s a bold move from Amazon, and how the company deals with the famed volatility of cryptocurrencies will be fascinating to see.</p><p><blockquote>加密货币面临着一场关于其在社会中的角色、用途以及最终价值的斗争。被亚马逊这样大的公司接受只会有助于他们的案子。这是亚马逊的一个大胆举措，该公司如何应对著名的加密货币波动性将令人着迷。</blockquote></p><p> Investors may not need to wait long for answers. Amazon&nbsp;reports earnings on Thursday&nbsp;and executives will surely face a volley of questions on the matter.</p><p><blockquote>投资者可能不需要等待太久就能得到答案。亚马逊将于周四公布财报，高管们肯定会就此问题面临一系列问题。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon’s Cryptocurrency Plan Could Be a Game Changer<blockquote>亚马逊的加密货币计划可能会改变游戏规则</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’s Cryptocurrency Plan Could Be a Game Changer<blockquote>亚马逊的加密货币计划可能会改变游戏规则</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-26 21:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Bitcoin and other cryptocurrencies have fallen on hard times recently, but the sector may have found its hero in the form of Amazon.</p><p><blockquote>比特币和其他加密货币最近陷入困境，但该行业可能已经找到了亚马逊的英雄。</blockquote></p><p> The company’s job vacancy advertising for a “digital currency and blockchain product lead” has sparked rampant speculation over what the tech giant might have planned. The new position will be part of the team responsible for how Amazon’s customers pay on its platforms.</p><p><blockquote>该公司“数字货币和区块链产品负责人”的职位空缺广告引发了人们对这家科技巨头可能计划的广泛猜测。新职位将成为负责亚马逊客户如何在其平台上支付的团队的一员。</blockquote></p><p> The possibility of Amazon accepting cryptocurrency payments—by the end of the year,according to some reports—saw Bitcoin surge to six-week highs just below $40,000. There’s even the suggestion the internet behemoth could be developing its own coin and may also accept alternatives such as Ethereum.</p><p><blockquote>根据一些报道，亚马逊接受加密货币支付的可能性——到今年年底——导致比特币飙升至略低于4万美元的六周高点。甚至有迹象表明，这家互联网巨头可能正在开发自己的代币，也可能接受以太币等替代品。</blockquote></p><p> Cryptocurrencies face a fight over their role in society, their use, and ultimately their value. Acceptance by a company as big as Amazon will only help their case. It’s a bold move from Amazon, and how the company deals with the famed volatility of cryptocurrencies will be fascinating to see.</p><p><blockquote>加密货币面临着一场关于其在社会中的角色、用途以及最终价值的斗争。被亚马逊这样大的公司接受只会有助于他们的案子。这是亚马逊的一个大胆举措，该公司如何应对著名的加密货币波动性将令人着迷。</blockquote></p><p> Investors may not need to wait long for answers. Amazon&nbsp;reports earnings on Thursday&nbsp;and executives will surely face a volley of questions on the matter.</p><p><blockquote>投资者可能不需要等待太久就能得到答案。亚马逊将于周四公布财报，高管们肯定会就此问题面临一系列问题。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/things-to-know-today-51627294089?mod=hp_LEAD_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","GBTC":"比特币ETF-Grayscale"},"source_url":"https://www.barrons.com/articles/things-to-know-today-51627294089?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144558005","content_text":"Bitcoin and other cryptocurrencies have fallen on hard times recently, but the sector may have found its hero in the form of Amazon.\nThe company’s job vacancy advertising for a “digital currency and blockchain product lead” has sparked rampant speculation over what the tech giant might have planned. The new position will be part of the team responsible for how Amazon’s customers pay on its platforms.\nThe possibility of Amazon accepting cryptocurrency payments—by the end of the year,according to some reports—saw Bitcoin surge to six-week highs just below $40,000. There’s even the suggestion the internet behemoth could be developing its own coin and may also accept alternatives such as Ethereum.\nCryptocurrencies face a fight over their role in society, their use, and ultimately their value. Acceptance by a company as big as Amazon will only help their case. It’s a bold move from Amazon, and how the company deals with the famed volatility of cryptocurrencies will be fascinating to see.\nInvestors may not need to wait long for answers. Amazon reports earnings on Thursday and executives will surely face a volley of questions on the matter.","news_type":1,"symbols_score_info":{"BTCmain":0.9,"XBTmain":0.9,"MBTmain":0.9,"AMZN":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177211151,"gmtCreate":1627222288173,"gmtModify":1633767072728,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"Very likely as Industry Leader","listText":"Very likely as Industry Leader","text":"Very likely as Industry Leader","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/177211151","repostId":"1115106146","repostType":4,"isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174282063,"gmtCreate":1627101590452,"gmtModify":1633767933601,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"Sharing infrastructure is good move. Win Win for&nbsp;all.&nbsp;","listText":"Sharing infrastructure is good move. Win Win for&nbsp;all.&nbsp;","text":"Sharing infrastructure is good move. Win Win for all.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/174282063","repostId":"1109439356","repostType":4,"isVote":1,"tweetType":1,"viewCount":921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176711908,"gmtCreate":1626915739104,"gmtModify":1633769802694,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"Short correction and market movement","listText":"Short correction and market movement","text":"Short correction and market movement","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/176711908","repostId":"2153477496","repostType":4,"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173401025,"gmtCreate":1626675965567,"gmtModify":1631884081753,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088154342981070","authorIdStr":"4088154342981070"},"themes":[],"htmlText":"New Space Race for the Rich and Famous.&nbsp;","listText":"New Space Race for the Rich and Famous.&nbsp;","text":"New Space Race for the Rich and Famous.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/173401025","repostId":"1183989429","repostType":4,"repost":{"id":"1183989429","kind":"news","pubTimestamp":1626664759,"share":"https://www.laohu8.com/m/news/1183989429?lang=zh_CN&edition=full","pubTime":"2021-07-19 11:19","market":"us","language":"en","title":"Jeff Bezos is flying to space. Here's everything you need to know<blockquote>杰夫·贝索斯正在飞向太空。这是你需要知道的一切</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183989429","media":"CNN","summary":"New York Jeff Bezos, the richest man on the planet, is preparing for a rocket-powered, 11-minute 2,300-mph excursion to the edge of space, capping off a month filled with rocket news and a bit of drama among the world's richest people who are dedicating large portions of their wealth to rocket development.Bezos, who founded Blue Origin in 2000 with the goal of using some of his Amazon fortune to develop rocket technology for a variety of business purposes, will take his extraterrestrial journey ","content":"<p>New York (CNN Business)Jeff Bezos, the richest man on the planet, is preparing for a rocket-powered, 11-minute 2,300-mph excursion to the edge of space, capping off a month filled with rocket news and a bit of drama among the world's richest people who are dedicating large portions of their wealth to rocket development.</p><p><blockquote>纽约（CNN商业）地球上最富有的人杰夫·贝索斯正准备进行一次火箭动力、11分钟2,300英里/小时的太空边缘之旅，为充满火箭新闻和一些戏剧性的一个月画上句号。世界上最富有的人将大部分财富投入到火箭开发中。</blockquote></p><p> Bezos, who founded Blue Origin in 2000 with the goal of using some of his Amazon fortune to develop rocket technology for a variety of business purposes, will take his extraterrestrial journey just nine days after fellow billionaire and rocket company founder Richard Branson took his own trip.</p><p><blockquote>贝佐斯于2000年创立了蓝色起源，目标是利用他在亚马逊的部分财富开发用于各种商业目的的火箭技术，他将在亿万富翁兼火箭公司创始人理查德·布兰森(Richard Branson)进行自己的旅行九天后开始他的外星之旅。</blockquote></p><p> But Bezos' flight, and the technology his company developed to get him there, is far different than Branson's. Blue Origin's New Shepard is a small, suborbital rocket that takes off vertically from a launch pad, giving a shorter yet higher-speed experience than the aerial-launched space plane created by Branson's Virgin Galactic. But much like Virgin Galactic's plane, New Shepard is designed to shuttle paying customers more than dozens of miles above the Earth's surface for a few moments of weightlessness and panoramic views of the Earth.</p><p><blockquote>但贝佐斯的飞行以及他的公司开发的让他到达那里的技术与布兰森的飞行有很大不同。蓝色起源的新谢泼德是一种小型亚轨道火箭，从发射台垂直起飞，比布兰森的维珍银河制造的空中发射太空飞机提供更短但更高速度的体验。但就像维珍银河的飞机一样，新谢泼德的设计目的是将付费客户运送到地球表面几十英里以上的地方，享受几分钟的失重和地球全景。</blockquote></p><p> New Shepard has flown 15 automated test flights with no people on board, and Bezos announced in early June that he intended to be on the first-ever crewed flight, which is slated for July 20.</p><p><blockquote>New Shepard已经进行了15次无人驾驶的自动试飞，贝佐斯在6月初宣布，他打算参加定于7月20日进行的首次载人飞行。</blockquote></p><p> The public will be able to watch the whole thing go down on Blue Origin's livestream, where it will show exterior shots of the rocket and capsule shooting up toward the cosmos. (Shots of the interior — and Bezos' facial expressions — won't be released until after the flight.) The missions is expected to kick off Tuesday after 8 am ET, weather permitting.</p><p><blockquote>公众将能够在蓝色起源的直播中观看整个过程，其中将展示火箭和太空舱射向宇宙的外部镜头。（内部照片以及贝佐斯的面部表情要到飞行结束后才会公布。）如果天气允许，任务预计将于美国东部时间周二上午8点后开始。</blockquote></p><p> Here's everything you need to know before the big event.</p><p><blockquote>以下是大型活动前您需要了解的一切。</blockquote></p><p> Who's going?</p><p><blockquote>谁要去？</blockquote></p><p> Though the New Shepard capsule can carry up to six people, Bezos is bringing just three others along on this inaugural journey. They include his brother, Mark Bezos; Wally Funk, an 82-year-old pilot and one of the \"Mercury 13\" women; and an 18-year old recent high school graduate named Oliver Daemen.</p><p><blockquote>尽管新谢泼德太空舱最多可搭载六人，但贝佐斯在这次首次旅行中只带了另外三人。他们包括他的兄弟马克·贝佐斯；沃利·芬克，82岁的飞行员，“水星13号”女性之一；还有一个18岁的高中毕业生，名叫奥利弗·代蒙。</blockquote></p><p> Bezos was supposed to fly alongside a mystery bidder who won a recent Blue Origin auction by agreeing to pay $28 million for a seat on the flight, but the company announced Thursday that the person, who asked to remain anonymous for the time being, had to bow out because of \"scheduling conflicts.\" Daemen — whose father, Dutch investment firm founder Joes Daemen, paid for his ticket — will fly in the auction winner's place.</p><p><blockquote>贝佐斯本应与一位神秘竞标者一起飞行，这位竞标者同意支付2800万美元购买航班座位，赢得了最近的蓝色起源拍卖，但该公司周四宣布，这位要求暂时保持匿名的人不得不因“日程安排冲突”而退出。代蒙的父亲、荷兰投资公司创始人乔斯·代蒙为他支付了机票费用，他将代替拍卖获胜者乘坐飞机。</blockquote></p><p> What will happen?</p><p><blockquote>会发生什么？</blockquote></p><p> When most people think about spaceflight, they think about an astronaut circling the Earth, floating in space, for at least a few days.</p><p><blockquote>当大多数人想到太空飞行时，他们会想到一名宇航员绕地球飞行，漂浮在太空中，至少几天。</blockquote></p><p> That is not what the Bezos brothers and their fellow passengers will be doing.</p><p><blockquote>贝佐斯兄弟和他们的乘客不会这么做。</blockquote></p><p> They'll be going up and coming right back down, and they'll be doing it in less time, about 11 minutes, than it takes most people to get to work.</p><p><blockquote>他们会上去然后马上下来，而且他们会在更短的时间内完成，大约11分钟，比大多数人上班所需的时间还要短。</blockquote></p><p> Visually, Blue Origin's livestream will look much the same as most of the New Shepard test launches of years past have looked: The rocket and capsule will be sitting on a launch pad at Blue Origin's private facilities in rural Texas — near Van Horn, which is about 120 miles east of El Paso.</p><p><blockquote>从视觉上看，蓝色起源的直播看起来与过去几年大多数新谢泼德测试发射的样子非常相似：火箭和太空舱将位于蓝色起源位于德克萨斯州乡村的私人设施的发射台上——靠近范霍恩，埃尔帕索以东约120英里。</blockquote></p><p> New Shepard'ssuborbital fightshit about three times the speed of sound — roughly 2,300 miles per hour — and fly directly upward until the rocket expends most of its fuel. The crew capsule will then separate from the rocket at the top of the trajectory and briefly continue upward before the capsule almost hovers at the top of its flight path, giving the passengers a few minutes of weightlessness. It works sort of like an extended version of the weightlessness you experience when you reach the peak of a roller coaster hill, just before gravity brings your cart — or, in Bezos' case, your space capsule -- screaming back down toward the ground.</p><p><blockquote>新谢泼德号的亚轨道飞行速度约为音速的三倍——大约每小时2,300英里——并直接向上飞行，直到火箭耗尽大部分燃料。然后，乘员舱将在轨道顶部与火箭分离，并在太空舱几乎悬停在其飞行路径顶部之前短暂继续向上，为乘客提供几分钟的失重状态。它的工作原理有点像当你到达过山车山顶时所经历的失重的扩展版本，就在重力将你的手推车——或者在贝佐斯的情况下，你的太空舱——带着尖叫回到地面之前。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/57e4eb7fb3b4232ed059ea25d202fdc1\" tg-width=\"780\" tg-height=\"438\" referrerpolicy=\"no-referrer\"><span>A graphic that shows the flight profile of Blue Origin's New Shepard.</span></p><p><blockquote><p class=\"t-img-caption\"><span>显示蓝色起源新谢泼德飞行概况的图表。</span></p></blockquote></p><p> The New Shepard capsule then deploys a large plume of parachutes to slow its descent to less than 20 miles per hour before it hits the ground, and Bezos and his fellow passengers will be further cushioned by shock-absorbent seats.</p><p><blockquote>然后，新谢泼德太空舱会部署大量降落伞，在落地前将其下降速度减慢到每小时20英里以下，贝佐斯和他的乘客将得到减震座椅的进一步缓冲。</blockquote></p><p> The rocket, flying separately after having detached from the human-carrying capsule, will then re-ignite its engines and use its on-board computers to execute a pinpoint, upright landing. The booster landing looks similar to what SpaceX does with its Falcon 9 rockets, though those rockets are far more powerful than New Shepard and — yes — more prone to exploding on impact.</p><p><blockquote>火箭在与载人太空舱分离后单独飞行，然后将重新点燃发动机，并使用机载计算机执行精确的直立着陆。助推器着陆看起来类似于SpaceX的猎鹰9号火箭，尽管这些火箭比新谢泼德火箭强大得多，而且——是的——更容易在撞击时爆炸。</blockquote></p><p> A smattering of media will also be allowed in to watch the launch and interview Bezos and the other passengers after landing. CNN Business reporters will be on the ground during the flight and will post live updates on our site.</p><p><blockquote>少数媒体也将被允许观看发射，并在着陆后采访贝佐斯和其他乘客。CNN商业记者将在飞行期间在地面上，并将在我们的网站上发布实时更新。</blockquote></p><p></p><p> How is this different from what SpaceX and Virgin Galactic do?</p><p><blockquote>这与SpaceX和维珍银河的做法有何不同？</blockquote></p><p> Bezos' flight will come just nine days after British billionaire Richard Branson took his own supersonic joy ride to the edge of space, the result of a surprise announcement that came from his space company, Virgin Galactic, days after Bezos announced his intention to go to space.</p><p><blockquote>贝佐斯的飞行距离英国亿万富翁理查德·布兰森乘坐自己的超音速欢乐之旅前往太空边缘仅九天，这是贝佐斯宣布打算前往太空几天后，他的太空公司维珍银河出人意料地宣布的结果。太空。</blockquote></p><p> The two men's companies — and their PR machines — have since entered into a public back-and-forth, though the billionaires themselves have said they're not interested in racing to become the first to actually rocket into space aboard a craft they helped fund.</p><p><blockquote>这两个人的公司——以及他们的公关机器——此后进入了公开的来回，尽管亿万富翁自己表示，他们对成为第一个乘坐他们帮助资助的飞船真正进入太空的人不感兴趣。</blockquote></p><p> But suborbital space tourism isn't all that Branson and Bezos are pursuing with their space ventures. Nor is it the largest or most important sector in the burgeoning commercial space industry.</p><p><blockquote>但亚轨道太空旅游并不是布兰森和贝佐斯在太空冒险中追求的全部。它也不是蓬勃发展的商业航天工业中最大或最重要的部门。</blockquote></p><p> Branson, Musk and Bezos, however, have all been compared for years because of their similarities — all three men used fortune they accrued through other lines of business to pursue space-focused ventures. Here's how they break down:</p><p><blockquote>然而，布兰森、马斯克和贝佐斯多年来一直被拿来比较，因为他们有相似之处——这三个人都利用他们通过其他业务积累的财富来追求以太空为重点的企业。它们是如何分解的：</blockquote></p><p> Elon Musk's SpaceX has for years been making headlines and breaking records with its rocket technology — and it is far different than what Blue Origin will debut on Tuesday.</p><p><blockquote>埃隆·马斯克(Elon Musk)的SpaceX多年来一直凭借其火箭技术成为头条新闻并打破记录——这与蓝色起源(Blue Origin)周二首次亮相的技术有很大不同。</blockquote></p><p> First off, SpaceX builds orbital rockets. Orbital rockets need to drum up enough power to hit at least 17,000 miles per hour, or what's known as orbital velocity, essentially giving a spacecraft enough energy to continue whipping around the Earth rather than being dragged immediately back down by gravity. That's how SpaceX is able to put satellites into orbit or carry astronauts to and from the International Space Station.</p><p><blockquote>首先，SpaceX制造轨道火箭。轨道火箭需要获得足够的动力才能达到至少17,000英里/小时，即所谓的轨道速度，本质上是为航天器提供足够的能量继续绕地球运行，而不是立即被重力拖回。这就是SpaceX能够将卫星送入轨道或运送宇航员往返国际空间站的方式。</blockquote></p><p> Suborbital flights, however, don't need to travel nearly as fast. They need only reach an altitude above the 50 miles mark — which the US government considers to mark the edge of outer space — or the 62-mile mark, which is internationally considered the demarcating line. (New Shepard is expected to reach over 62 miles.)</p><p><blockquote>然而，亚轨道飞行不需要那么快。它们只需要达到50英里标记（美国政府认为这是外太空边缘的标志）或62英里标记（国际上认为是分界线）以上的高度。（新谢泼德预计将超过62英里。）</blockquote></p><p> What New Shepard will do on Tuesday will more closely resemble what Richard Branson — the other, other space billionaire — is planning to do with his company, Virgin Galactic.</p><p><blockquote>New Shepard周二将做的事情将更类似于另一位太空亿万富翁理查德·布兰森(Richard Branson)计划对他的公司维珍银河(Virgin Galactic)所做的事情。</blockquote></p><p> Virgin Galactic is also planning to launch wealthy tourists to suborbital space, though it developed a much different vehicle to get there. Rather than an autonomous rocket that takes off vertically, Virgin Galactic has built a piloted space plane that takes off from a runway (much like an airplane) attached to a massive winged mothership.</p><p><blockquote>维珍银河也计划将富有的游客发射到亚轨道空间，尽管它开发了一种非常不同的交通工具来到达那里。维珍银河建造了一架有人驾驶的太空飞机，而不是垂直起飞的自主火箭，它可以从连接到巨大有翼母舰的跑道上起飞（很像飞机）。</blockquote></p><p> Virgin Galactic has completed test flights of its own, and Branson became the first billionaire to fly to space aboard a rocket he helped fund on July 11.</p><p><blockquote>维珍银河已经完成了自己的试飞，布兰森于7月11日成为第一位乘坐他资助的火箭飞往太空的亿万富翁。</blockquote></p><p> How risky is this?</p><p><blockquote>这有多大风险？</blockquote></p><p> Space travel is, historically, fraught with danger. Though the risks are not necessarily astronomical for Bezos' jaunt to suborbital space, as his space company Blue Origin has spent the better part of the last decade running New Shepard through a series of successful test flights.</p><p><blockquote>从历史上看，太空旅行充满了危险。尽管贝佐斯前往亚轨道太空的风险不一定是天文数字，因为他的太空公司蓝色起源在过去十年的大部分时间里都在通过一系列成功的试飞来运行新谢泼德号。</blockquote></p><p> Suborbital flights also require far less power and speed than orbital rockets. That means less time the rocket is required to burn, lower temperatures scorching the outside of the spacecraft, less force and compression ripping at the spacecraft, and generally fewer opportunities for something to go very wrong.</p><p><blockquote>亚轨道飞行所需的动力和速度也远低于轨道火箭。这意味着火箭燃烧所需的时间更少，烧焦航天器外部的温度更低，航天器上的力和压缩撕裂更少，并且通常出现严重问题的机会更少。</blockquote></p><p> Still, any time a human straps themselves into a rocket, there are risks involved — and Bezos has apparently calculated that, for him, it's worth it.</p><p><blockquote>尽管如此，任何时候一个人把自己绑在火箭上，都会有风险——贝佐斯显然已经计算出，对他来说，这是值得的。</blockquote></p><p> \"Ever since I was five years old, I've dreamed of traveling to space,\" Bezos wrote in his June announcement on Instagram.</p><p><blockquote>“从我五岁起，我就梦想着去太空旅行，”贝佐斯在Instagram上6月份的公告中写道。</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>Jeff Bezos is flying to space. Here's everything you need to know<blockquote>杰夫·贝索斯正在飞向太空。这是你需要知道的一切</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\">\nJeff Bezos is flying to space. Here's everything you need to know<blockquote>杰夫·贝索斯正在飞向太空。这是你需要知道的一切</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-07-19 11:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p>New York (CNN Business)Jeff Bezos, the richest man on the planet, is preparing for a rocket-powered, 11-minute 2,300-mph excursion to the edge of space, capping off a month filled with rocket news and a bit of drama among the world's richest people who are dedicating large portions of their wealth to rocket development.</p><p><blockquote>纽约（CNN商业）地球上最富有的人杰夫·贝索斯正准备进行一次火箭动力、11分钟2,300英里/小时的太空边缘之旅，为充满火箭新闻和一些戏剧性的一个月画上句号。世界上最富有的人将大部分财富投入到火箭开发中。</blockquote></p><p> Bezos, who founded Blue Origin in 2000 with the goal of using some of his Amazon fortune to develop rocket technology for a variety of business purposes, will take his extraterrestrial journey just nine days after fellow billionaire and rocket company founder Richard Branson took his own trip.</p><p><blockquote>贝佐斯于2000年创立了蓝色起源，目标是利用他在亚马逊的部分财富开发用于各种商业目的的火箭技术，他将在亿万富翁兼火箭公司创始人理查德·布兰森(Richard Branson)进行自己的旅行九天后开始他的外星之旅。</blockquote></p><p> But Bezos' flight, and the technology his company developed to get him there, is far different than Branson's. Blue Origin's New Shepard is a small, suborbital rocket that takes off vertically from a launch pad, giving a shorter yet higher-speed experience than the aerial-launched space plane created by Branson's Virgin Galactic. But much like Virgin Galactic's plane, New Shepard is designed to shuttle paying customers more than dozens of miles above the Earth's surface for a few moments of weightlessness and panoramic views of the Earth.</p><p><blockquote>但贝佐斯的飞行以及他的公司开发的让他到达那里的技术与布兰森的飞行有很大不同。蓝色起源的新谢泼德是一种小型亚轨道火箭，从发射台垂直起飞，比布兰森的维珍银河制造的空中发射太空飞机提供更短但更高速度的体验。但就像维珍银河的飞机一样，新谢泼德的设计目的是将付费客户运送到地球表面几十英里以上的地方，享受几分钟的失重和地球全景。</blockquote></p><p> New Shepard has flown 15 automated test flights with no people on board, and Bezos announced in early June that he intended to be on the first-ever crewed flight, which is slated for July 20.</p><p><blockquote>New Shepard已经进行了15次无人驾驶的自动试飞，贝佐斯在6月初宣布，他打算参加定于7月20日进行的首次载人飞行。</blockquote></p><p> The public will be able to watch the whole thing go down on Blue Origin's livestream, where it will show exterior shots of the rocket and capsule shooting up toward the cosmos. (Shots of the interior — and Bezos' facial expressions — won't be released until after the flight.) The missions is expected to kick off Tuesday after 8 am ET, weather permitting.</p><p><blockquote>公众将能够在蓝色起源的直播中观看整个过程，其中将展示火箭和太空舱射向宇宙的外部镜头。（内部照片以及贝佐斯的面部表情要到飞行结束后才会公布。）如果天气允许，任务预计将于美国东部时间周二上午8点后开始。</blockquote></p><p> Here's everything you need to know before the big event.</p><p><blockquote>以下是大型活动前您需要了解的一切。</blockquote></p><p> Who's going?</p><p><blockquote>谁要去？</blockquote></p><p> Though the New Shepard capsule can carry up to six people, Bezos is bringing just three others along on this inaugural journey. They include his brother, Mark Bezos; Wally Funk, an 82-year-old pilot and one of the \"Mercury 13\" women; and an 18-year old recent high school graduate named Oliver Daemen.</p><p><blockquote>尽管新谢泼德太空舱最多可搭载六人，但贝佐斯在这次首次旅行中只带了另外三人。他们包括他的兄弟马克·贝佐斯；沃利·芬克，82岁的飞行员，“水星13号”女性之一；还有一个18岁的高中毕业生，名叫奥利弗·代蒙。</blockquote></p><p> Bezos was supposed to fly alongside a mystery bidder who won a recent Blue Origin auction by agreeing to pay $28 million for a seat on the flight, but the company announced Thursday that the person, who asked to remain anonymous for the time being, had to bow out because of \"scheduling conflicts.\" Daemen — whose father, Dutch investment firm founder Joes Daemen, paid for his ticket — will fly in the auction winner's place.</p><p><blockquote>贝佐斯本应与一位神秘竞标者一起飞行，这位竞标者同意支付2800万美元购买航班座位，赢得了最近的蓝色起源拍卖，但该公司周四宣布，这位要求暂时保持匿名的人不得不因“日程安排冲突”而退出。代蒙的父亲、荷兰投资公司创始人乔斯·代蒙为他支付了机票费用，他将代替拍卖获胜者乘坐飞机。</blockquote></p><p> What will happen?</p><p><blockquote>会发生什么？</blockquote></p><p> When most people think about spaceflight, they think about an astronaut circling the Earth, floating in space, for at least a few days.</p><p><blockquote>当大多数人想到太空飞行时，他们会想到一名宇航员绕地球飞行，漂浮在太空中，至少几天。</blockquote></p><p> That is not what the Bezos brothers and their fellow passengers will be doing.</p><p><blockquote>贝佐斯兄弟和他们的乘客不会这么做。</blockquote></p><p> They'll be going up and coming right back down, and they'll be doing it in less time, about 11 minutes, than it takes most people to get to work.</p><p><blockquote>他们会上去然后马上下来，而且他们会在更短的时间内完成，大约11分钟，比大多数人上班所需的时间还要短。</blockquote></p><p> Visually, Blue Origin's livestream will look much the same as most of the New Shepard test launches of years past have looked: The rocket and capsule will be sitting on a launch pad at Blue Origin's private facilities in rural Texas — near Van Horn, which is about 120 miles east of El Paso.</p><p><blockquote>从视觉上看，蓝色起源的直播看起来与过去几年大多数新谢泼德测试发射的样子非常相似：火箭和太空舱将位于蓝色起源位于德克萨斯州乡村的私人设施的发射台上——靠近范霍恩，埃尔帕索以东约120英里。</blockquote></p><p> New Shepard'ssuborbital fightshit about three times the speed of sound — roughly 2,300 miles per hour — and fly directly upward until the rocket expends most of its fuel. The crew capsule will then separate from the rocket at the top of the trajectory and briefly continue upward before the capsule almost hovers at the top of its flight path, giving the passengers a few minutes of weightlessness. It works sort of like an extended version of the weightlessness you experience when you reach the peak of a roller coaster hill, just before gravity brings your cart — or, in Bezos' case, your space capsule -- screaming back down toward the ground.</p><p><blockquote>新谢泼德号的亚轨道飞行速度约为音速的三倍——大约每小时2,300英里——并直接向上飞行，直到火箭耗尽大部分燃料。然后，乘员舱将在轨道顶部与火箭分离，并在太空舱几乎悬停在其飞行路径顶部之前短暂继续向上，为乘客提供几分钟的失重状态。它的工作原理有点像当你到达过山车山顶时所经历的失重的扩展版本，就在重力将你的手推车——或者在贝佐斯的情况下，你的太空舱——带着尖叫回到地面之前。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/57e4eb7fb3b4232ed059ea25d202fdc1\" tg-width=\"780\" tg-height=\"438\" referrerpolicy=\"no-referrer\"><span>A graphic that shows the flight profile of Blue Origin's New Shepard.</span></p><p><blockquote><p class=\"t-img-caption\"><span>显示蓝色起源新谢泼德飞行概况的图表。</span></p></blockquote></p><p> The New Shepard capsule then deploys a large plume of parachutes to slow its descent to less than 20 miles per hour before it hits the ground, and Bezos and his fellow passengers will be further cushioned by shock-absorbent seats.</p><p><blockquote>然后，新谢泼德太空舱会部署大量降落伞，在落地前将其下降速度减慢到每小时20英里以下，贝佐斯和他的乘客将得到减震座椅的进一步缓冲。</blockquote></p><p> The rocket, flying separately after having detached from the human-carrying capsule, will then re-ignite its engines and use its on-board computers to execute a pinpoint, upright landing. The booster landing looks similar to what SpaceX does with its Falcon 9 rockets, though those rockets are far more powerful than New Shepard and — yes — more prone to exploding on impact.</p><p><blockquote>火箭在与载人太空舱分离后单独飞行，然后将重新点燃发动机，并使用机载计算机执行精确的直立着陆。助推器着陆看起来类似于SpaceX的猎鹰9号火箭，尽管这些火箭比新谢泼德火箭强大得多，而且——是的——更容易在撞击时爆炸。</blockquote></p><p> A smattering of media will also be allowed in to watch the launch and interview Bezos and the other passengers after landing. CNN Business reporters will be on the ground during the flight and will post live updates on our site.</p><p><blockquote>少数媒体也将被允许观看发射，并在着陆后采访贝佐斯和其他乘客。CNN商业记者将在飞行期间在地面上，并将在我们的网站上发布实时更新。</blockquote></p><p></p><p> How is this different from what SpaceX and Virgin Galactic do?</p><p><blockquote>这与SpaceX和维珍银河的做法有何不同？</blockquote></p><p> Bezos' flight will come just nine days after British billionaire Richard Branson took his own supersonic joy ride to the edge of space, the result of a surprise announcement that came from his space company, Virgin Galactic, days after Bezos announced his intention to go to space.</p><p><blockquote>贝佐斯的飞行距离英国亿万富翁理查德·布兰森乘坐自己的超音速欢乐之旅前往太空边缘仅九天，这是贝佐斯宣布打算前往太空几天后，他的太空公司维珍银河出人意料地宣布的结果。太空。</blockquote></p><p> The two men's companies — and their PR machines — have since entered into a public back-and-forth, though the billionaires themselves have said they're not interested in racing to become the first to actually rocket into space aboard a craft they helped fund.</p><p><blockquote>这两个人的公司——以及他们的公关机器——此后进入了公开的来回，尽管亿万富翁自己表示，他们对成为第一个乘坐他们帮助资助的飞船真正进入太空的人不感兴趣。</blockquote></p><p> But suborbital space tourism isn't all that Branson and Bezos are pursuing with their space ventures. Nor is it the largest or most important sector in the burgeoning commercial space industry.</p><p><blockquote>但亚轨道太空旅游并不是布兰森和贝佐斯在太空冒险中追求的全部。它也不是蓬勃发展的商业航天工业中最大或最重要的部门。</blockquote></p><p> Branson, Musk and Bezos, however, have all been compared for years because of their similarities — all three men used fortune they accrued through other lines of business to pursue space-focused ventures. Here's how they break down:</p><p><blockquote>然而，布兰森、马斯克和贝佐斯多年来一直被拿来比较，因为他们有相似之处——这三个人都利用他们通过其他业务积累的财富来追求以太空为重点的企业。它们是如何分解的：</blockquote></p><p> Elon Musk's SpaceX has for years been making headlines and breaking records with its rocket technology — and it is far different than what Blue Origin will debut on Tuesday.</p><p><blockquote>埃隆·马斯克(Elon Musk)的SpaceX多年来一直凭借其火箭技术成为头条新闻并打破记录——这与蓝色起源(Blue Origin)周二首次亮相的技术有很大不同。</blockquote></p><p> First off, SpaceX builds orbital rockets. Orbital rockets need to drum up enough power to hit at least 17,000 miles per hour, or what's known as orbital velocity, essentially giving a spacecraft enough energy to continue whipping around the Earth rather than being dragged immediately back down by gravity. That's how SpaceX is able to put satellites into orbit or carry astronauts to and from the International Space Station.</p><p><blockquote>首先，SpaceX制造轨道火箭。轨道火箭需要获得足够的动力才能达到至少17,000英里/小时，即所谓的轨道速度，本质上是为航天器提供足够的能量继续绕地球运行，而不是立即被重力拖回。这就是SpaceX能够将卫星送入轨道或运送宇航员往返国际空间站的方式。</blockquote></p><p> Suborbital flights, however, don't need to travel nearly as fast. They need only reach an altitude above the 50 miles mark — which the US government considers to mark the edge of outer space — or the 62-mile mark, which is internationally considered the demarcating line. (New Shepard is expected to reach over 62 miles.)</p><p><blockquote>然而，亚轨道飞行不需要那么快。它们只需要达到50英里标记（美国政府认为这是外太空边缘的标志）或62英里标记（国际上认为是分界线）以上的高度。（新谢泼德预计将超过62英里。）</blockquote></p><p> What New Shepard will do on Tuesday will more closely resemble what Richard Branson — the other, other space billionaire — is planning to do with his company, Virgin Galactic.</p><p><blockquote>New Shepard周二将做的事情将更类似于另一位太空亿万富翁理查德·布兰森(Richard Branson)计划对他的公司维珍银河(Virgin Galactic)所做的事情。</blockquote></p><p> Virgin Galactic is also planning to launch wealthy tourists to suborbital space, though it developed a much different vehicle to get there. Rather than an autonomous rocket that takes off vertically, Virgin Galactic has built a piloted space plane that takes off from a runway (much like an airplane) attached to a massive winged mothership.</p><p><blockquote>维珍银河也计划将富有的游客发射到亚轨道空间，尽管它开发了一种非常不同的交通工具来到达那里。维珍银河建造了一架有人驾驶的太空飞机，而不是垂直起飞的自主火箭，它可以从连接到巨大有翼母舰的跑道上起飞（很像飞机）。</blockquote></p><p> Virgin Galactic has completed test flights of its own, and Branson became the first billionaire to fly to space aboard a rocket he helped fund on July 11.</p><p><blockquote>维珍银河已经完成了自己的试飞，布兰森于7月11日成为第一位乘坐他资助的火箭飞往太空的亿万富翁。</blockquote></p><p> How risky is this?</p><p><blockquote>这有多大风险？</blockquote></p><p> Space travel is, historically, fraught with danger. Though the risks are not necessarily astronomical for Bezos' jaunt to suborbital space, as his space company Blue Origin has spent the better part of the last decade running New Shepard through a series of successful test flights.</p><p><blockquote>从历史上看，太空旅行充满了危险。尽管贝佐斯前往亚轨道太空的风险不一定是天文数字，因为他的太空公司蓝色起源在过去十年的大部分时间里都在通过一系列成功的试飞来运行新谢泼德号。</blockquote></p><p> Suborbital flights also require far less power and speed than orbital rockets. That means less time the rocket is required to burn, lower temperatures scorching the outside of the spacecraft, less force and compression ripping at the spacecraft, and generally fewer opportunities for something to go very wrong.</p><p><blockquote>亚轨道飞行所需的动力和速度也远低于轨道火箭。这意味着火箭燃烧所需的时间更少，烧焦航天器外部的温度更低，航天器上的力和压缩撕裂更少，并且通常出现严重问题的机会更少。</blockquote></p><p> Still, any time a human straps themselves into a rocket, there are risks involved — and Bezos has apparently calculated that, for him, it's worth it.</p><p><blockquote>尽管如此，任何时候一个人把自己绑在火箭上，都会有风险——贝佐斯显然已经计算出，对他来说，这是值得的。</blockquote></p><p> \"Ever since I was five years old, I've dreamed of traveling to space,\" Bezos wrote in his June announcement on Instagram.</p><p><blockquote>“从我五岁起，我就梦想着去太空旅行，”贝佐斯在Instagram上6月份的公告中写道。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/07/17/tech/jeff-bezos-space-flight-walkup-scn/index.html\">CNN</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":{"AMZN":"亚马逊","SPCE":"维珍银河"},"source_url":"https://edition.cnn.com/2021/07/17/tech/jeff-bezos-space-flight-walkup-scn/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183989429","content_text":"New York (CNN Business)Jeff Bezos, the richest man on the planet, is preparing for a rocket-powered, 11-minute 2,300-mph excursion to the edge of space, capping off a month filled with rocket news and a bit of drama among the world's richest people who are dedicating large portions of their wealth to rocket development.\nBezos, who founded Blue Origin in 2000 with the goal of using some of his Amazon fortune to develop rocket technology for a variety of business purposes, will take his extraterrestrial journey just nine days after fellow billionaire and rocket company founder Richard Branson took his own trip.\nBut Bezos' flight, and the technology his company developed to get him there, is far different than Branson's. Blue Origin's New Shepard is a small, suborbital rocket that takes off vertically from a launch pad, giving a shorter yet higher-speed experience than the aerial-launched space plane created by Branson's Virgin Galactic. But much like Virgin Galactic's plane, New Shepard is designed to shuttle paying customers more than dozens of miles above the Earth's surface for a few moments of weightlessness and panoramic views of the Earth.\nNew Shepard has flown 15 automated test flights with no people on board, and Bezos announced in early June that he intended to be on the first-ever crewed flight, which is slated for July 20.\nThe public will be able to watch the whole thing go down on Blue Origin's livestream, where it will show exterior shots of the rocket and capsule shooting up toward the cosmos. (Shots of the interior — and Bezos' facial expressions — won't be released until after the flight.) The missions is expected to kick off Tuesday after 8 am ET, weather permitting.\nHere's everything you need to know before the big event.\nWho's going?\nThough the New Shepard capsule can carry up to six people, Bezos is bringing just three others along on this inaugural journey. They include his brother, Mark Bezos; Wally Funk, an 82-year-old pilot and one of the \"Mercury 13\" women; and an 18-year old recent high school graduate named Oliver Daemen.\nBezos was supposed to fly alongside a mystery bidder who won a recent Blue Origin auction by agreeing to pay $28 million for a seat on the flight, but the company announced Thursday that the person, who asked to remain anonymous for the time being, had to bow out because of \"scheduling conflicts.\" Daemen — whose father, Dutch investment firm founder Joes Daemen, paid for his ticket — will fly in the auction winner's place.\nWhat will happen?\nWhen most people think about spaceflight, they think about an astronaut circling the Earth, floating in space, for at least a few days.\nThat is not what the Bezos brothers and their fellow passengers will be doing.\nThey'll be going up and coming right back down, and they'll be doing it in less time, about 11 minutes, than it takes most people to get to work.\nVisually, Blue Origin's livestream will look much the same as most of the New Shepard test launches of years past have looked: The rocket and capsule will be sitting on a launch pad at Blue Origin's private facilities in rural Texas — near Van Horn, which is about 120 miles east of El Paso.\nNew Shepard'ssuborbital fightshit about three times the speed of sound — roughly 2,300 miles per hour — and fly directly upward until the rocket expends most of its fuel. The crew capsule will then separate from the rocket at the top of the trajectory and briefly continue upward before the capsule almost hovers at the top of its flight path, giving the passengers a few minutes of weightlessness. It works sort of like an extended version of the weightlessness you experience when you reach the peak of a roller coaster hill, just before gravity brings your cart — or, in Bezos' case, your space capsule -- screaming back down toward the ground.\nA graphic that shows the flight profile of Blue Origin's New Shepard.\nThe New Shepard capsule then deploys a large plume of parachutes to slow its descent to less than 20 miles per hour before it hits the ground, and Bezos and his fellow passengers will be further cushioned by shock-absorbent seats.\nThe rocket, flying separately after having detached from the human-carrying capsule, will then re-ignite its engines and use its on-board computers to execute a pinpoint, upright landing. The booster landing looks similar to what SpaceX does with its Falcon 9 rockets, though those rockets are far more powerful than New Shepard and — yes — more prone to exploding on impact.\nA smattering of media will also be allowed in to watch the launch and interview Bezos and the other passengers after landing. CNN Business reporters will be on the ground during the flight and will post live updates on our site.\nHow is this different from what SpaceX and Virgin Galactic do?\nBezos' flight will come just nine days after British billionaire Richard Branson took his own supersonic joy ride to the edge of space, the result of a surprise announcement that came from his space company, Virgin Galactic, days after Bezos announced his intention to go to space.\nThe two men's companies — and their PR machines — have since entered into a public back-and-forth, though the billionaires themselves have said they're not interested in racing to become the first to actually rocket into space aboard a craft they helped fund.\nBut suborbital space tourism isn't all that Branson and Bezos are pursuing with their space ventures. Nor is it the largest or most important sector in the burgeoning commercial space industry.\nBranson, Musk and Bezos, however, have all been compared for years because of their similarities — all three men used fortune they accrued through other lines of business to pursue space-focused ventures. Here's how they break down:\nElon Musk's SpaceX has for years been making headlines and breaking records with its rocket technology — and it is far different than what Blue Origin will debut on Tuesday.\nFirst off, SpaceX builds orbital rockets. Orbital rockets need to drum up enough power to hit at least 17,000 miles per hour, or what's known as orbital velocity, essentially giving a spacecraft enough energy to continue whipping around the Earth rather than being dragged immediately back down by gravity. That's how SpaceX is able to put satellites into orbit or carry astronauts to and from the International Space Station.\nSuborbital flights, however, don't need to travel nearly as fast. They need only reach an altitude above the 50 miles mark — which the US government considers to mark the edge of outer space — or the 62-mile mark, which is internationally considered the demarcating line. (New Shepard is expected to reach over 62 miles.)\nWhat New Shepard will do on Tuesday will more closely resemble what Richard Branson — the other, other space billionaire — is planning to do with his company, Virgin Galactic.\nVirgin Galactic is also planning to launch wealthy tourists to suborbital space, though it developed a much different vehicle to get there. Rather than an autonomous rocket that takes off vertically, Virgin Galactic has built a piloted space plane that takes off from a runway (much like an airplane) attached to a massive winged mothership.\nVirgin Galactic has completed test flights of its own, and Branson became the first billionaire to fly to space aboard a rocket he helped fund on July 11.\nHow risky is this?\nSpace travel is, historically, fraught with danger. Though the risks are not necessarily astronomical for Bezos' jaunt to suborbital space, as his space company Blue Origin has spent the better part of the last decade running New Shepard through a series of successful test flights.\nSuborbital flights also require far less power and speed than orbital rockets. That means less time the rocket is required to burn, lower temperatures scorching the outside of the spacecraft, less force and compression ripping at the spacecraft, and generally fewer opportunities for something to go very wrong.\nStill, any time a human straps themselves into a rocket, there are risks involved — and Bezos has apparently calculated that, for him, it's worth it.\n\"Ever since I was five years old, I've dreamed of traveling to space,\" Bezos wrote in his June announcement on Instagram.","news_type":1,"symbols_score_info":{"AMZN":0.9,"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":802345399,"gmtCreate":1627724829711,"gmtModify":1633756790788,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Always stay prepared for incoming correction. Stay safe.","listText":"Always stay prepared for incoming correction. Stay safe.","text":"Always stay prepared for incoming correction. Stay safe.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/802345399","repostId":"1127411624","repostType":4,"repost":{"id":"1127411624","kind":"news","pubTimestamp":1627715622,"share":"https://www.laohu8.com/m/news/1127411624?lang=zh_CN&edition=full","pubTime":"2021-07-31 15:13","market":"us","language":"en","title":"Here’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127411624","media":"MarketWatch","summary":"After hibernating for months, the stock-market bears came out of their caves on July 19. That day, t","content":"<p>After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.</p><p><blockquote>经过几个月的冬眠，股市空头于7月19日走出了洞穴。当天，道琼斯工业平均指数DJIA下跌725点，跌幅2.1%，-0.42%。熊队打出了一个本垒打——至少一天。</blockquote></p><p> As usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.</p><p><blockquote>像往常一样，每个人都想知道市场下跌的原因，分析师们已经准备好了答案，从COVID-19的德尔塔变异毒株到消费者价格指数，再到超买的技术指标。</blockquote></p><p> The truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.</p><p><blockquote>事实是没人知道。人们出售有多种原因，因此将责任归咎于一个事件是荒谬的。也就是说，下降的一个重要原因是计算机生成的自动销售。一旦大型市场参与者，尤其是算法，开始抛售，就会出现疯狂的抛售。没有人想成为最后一个出局的人，因此散户和机构在恐慌中抛售，随着时间的推移，恐慌情绪变得更加强烈。</blockquote></p><p> Technical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.&nbsp; After the July 26 market close, the RSI of the S&amp;P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.</p><p><blockquote>技术指标也做出了贡献：每周相对强弱指标（RSI）在警告市场逆转方面非常准确。一旦RSI超过70并保持在那里，买家就要小心了。7月26日收盘后，标准普尔500SPX的RSI，-0.54%在周线图上站在71.36——这是一个极度超买的读数。这是不是意味着指数明天要暴跌了？没人知道。但RSI给出了美国市场处于危险区域的线索。</blockquote></p><p> <b>The bad news bears can’t catch a break</b></p><p><blockquote><b>坏消息空头无法休息</b></blockquote></p><p> Before the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.</p><p><blockquote>在空头说“我告诉过你”之前，第二天，即7月20日，道琼斯指数700多点的抛售被道琼斯指数550点的反弹抹去了。多头忘记了抛售，重新开始庆祝，一杯又一杯地喝着他们最喜欢的饮料“bull-ade”。风暴又一次过去了，但这一次有点恐惧爬进了公牛的心灵。之前，唯一的恐惧是害怕错过下一次反弹。现在，许多投资者意识到市场实际上可能会下跌。</blockquote></p><p> <b>What to do now</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:</p><p><blockquote>下次市场暴跌并且您正在经历各种情绪时，以下指南可能会有所帮助：</blockquote></p><p> <b>1. If you’re panicked</b>: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.</p><p><blockquote><b>1.如果你感到恐慌</b>：不做某事；坐在那里。不买，不卖，坐稳。事实上，关掉电脑或其他设备。不要担心那天你丢了多少纸币。锻炼，散步，跑步，游泳，骑自行车。你的目标是减少情绪，这样你就能睡个好觉。当市场稳定时，重新评估你所拥有的。在这样的日子里，不要做任何重大的财务决定。</blockquote></p><p> <b>2. If you’re afraid</b>: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.</p><p><blockquote><b>2.如果你害怕</b>：放轻松。抛售最终会结束。没有理由恐慌。同样，当市场恢复理智时，重新评估你所拥有的东西。</blockquote></p><p> <b>3. If you’re unaffected:</b>Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.</p><p><blockquote><b>3.如果您没有受到影响：</b>不过，请检查您的投资组合以确保您的投资组合适当多元化。虽然人们发现不要关心市场是否下跌，但要确保你为最坏的情况做好了对冲。总有一天会出现持续数月或数年的熊市。做好准备。</blockquote></p><p> <b>What specific actions should you take?</b></p><p><blockquote><b>你应该采取什么具体行动？</b></blockquote></p><p> Now that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:</p><p><blockquote>既然你已经照顾好了自己的情绪健康，你还可以做出其他的财务决定。让我们来看看一些可能有帮助的战略和战术：</blockquote></p><p> <ol>  <li>Sell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard &amp; Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.</li>  <li>Create a long-term investment plan and follow it no matter what happens in the short term.</li>  <li>Dollar-cost average into index funds.</li>  <li>Diversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.</li>  <li>Buy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.</li>  <li>Sell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.</li> </ol> <b>Plan for the next correction or bear market</b></p><p><blockquote><ol><li>如果您持有的股票或指数跌破200日移动平均线，则卖出。注：标准普尔500SPX,-0.54%等主要指数十年来没有跌破（并保持在低于）200日平均水平。当他们最终这样做时，这是一个明确的卖出信号。</li><li>制定一个长期投资计划，无论短期内发生什么都要遵循它。</li><li>指数基金的平均成本。</li><li>多样化。这是股市和人生成功的关键。如果您只持有股票，请考虑债券，但在采取这一步骤之前请与金融专业人士（而不是您的邻居）交谈。</li><li>逢低买入。这个策略仍然有效。如果你在7月19日逢低买入，你就会在7月20日清理干净。总有一天这种策略行不通了，但那一天还没有到来。</li><li>出售备兑看涨期权期权。这仍然是产生额外收入的绝佳方式。这种策略也非常适合处理不需要的股票并获得报酬。</li></ol><b>为下一次调整或熊市做好计划</b></blockquote></p><p> After a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.</p><p><blockquote>在经历了13年的牛市之后，美国股市的时间已经不多了。虽然多头这次又取得了胜利，但有一天市场不会逆转方向，将开始急剧调整，或者更糟的是，进入熊市。那时你会很高兴你有一个计划和一个在最糟糕的日子里可以遵循的投资脚本。</blockquote></p><p> Know what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.</p><p><blockquote>了解您拥有什么，将其出售到“睡眠良好”点，并多元化投资于包括现金和债券在内的各种金融产品。这样，当市场再次暴跌时，你就不会做出下意识的情绪化决定或遭受焦虑发作。</blockquote></p><p></p>","source":"lsy1603348471595","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>Here’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</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\">\nHere’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-31 15:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.</p><p><blockquote>经过几个月的冬眠，股市空头于7月19日走出了洞穴。当天，道琼斯工业平均指数DJIA下跌725点，跌幅2.1%，-0.42%。熊队打出了一个本垒打——至少一天。</blockquote></p><p> As usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.</p><p><blockquote>像往常一样，每个人都想知道市场下跌的原因，分析师们已经准备好了答案，从COVID-19的德尔塔变异毒株到消费者价格指数，再到超买的技术指标。</blockquote></p><p> The truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.</p><p><blockquote>事实是没人知道。人们出售有多种原因，因此将责任归咎于一个事件是荒谬的。也就是说，下降的一个重要原因是计算机生成的自动销售。一旦大型市场参与者，尤其是算法，开始抛售，就会出现疯狂的抛售。没有人想成为最后一个出局的人，因此散户和机构在恐慌中抛售，随着时间的推移，恐慌情绪变得更加强烈。</blockquote></p><p> Technical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.&nbsp; After the July 26 market close, the RSI of the S&amp;P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.</p><p><blockquote>技术指标也做出了贡献：每周相对强弱指标（RSI）在警告市场逆转方面非常准确。一旦RSI超过70并保持在那里，买家就要小心了。7月26日收盘后，标准普尔500SPX的RSI，-0.54%在周线图上站在71.36——这是一个极度超买的读数。这是不是意味着指数明天要暴跌了？没人知道。但RSI给出了美国市场处于危险区域的线索。</blockquote></p><p> <b>The bad news bears can’t catch a break</b></p><p><blockquote><b>坏消息空头无法休息</b></blockquote></p><p> Before the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.</p><p><blockquote>在空头说“我告诉过你”之前，第二天，即7月20日，道琼斯指数700多点的抛售被道琼斯指数550点的反弹抹去了。多头忘记了抛售，重新开始庆祝，一杯又一杯地喝着他们最喜欢的饮料“bull-ade”。风暴又一次过去了，但这一次有点恐惧爬进了公牛的心灵。之前，唯一的恐惧是害怕错过下一次反弹。现在，许多投资者意识到市场实际上可能会下跌。</blockquote></p><p> <b>What to do now</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:</p><p><blockquote>下次市场暴跌并且您正在经历各种情绪时，以下指南可能会有所帮助：</blockquote></p><p> <b>1. If you’re panicked</b>: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.</p><p><blockquote><b>1.如果你感到恐慌</b>：不做某事；坐在那里。不买，不卖，坐稳。事实上，关掉电脑或其他设备。不要担心那天你丢了多少纸币。锻炼，散步，跑步，游泳，骑自行车。你的目标是减少情绪，这样你就能睡个好觉。当市场稳定时，重新评估你所拥有的。在这样的日子里，不要做任何重大的财务决定。</blockquote></p><p> <b>2. If you’re afraid</b>: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.</p><p><blockquote><b>2.如果你害怕</b>：放轻松。抛售最终会结束。没有理由恐慌。同样，当市场恢复理智时，重新评估你所拥有的东西。</blockquote></p><p> <b>3. If you’re unaffected:</b>Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.</p><p><blockquote><b>3.如果您没有受到影响：</b>不过，请检查您的投资组合以确保您的投资组合适当多元化。虽然人们发现不要关心市场是否下跌，但要确保你为最坏的情况做好了对冲。总有一天会出现持续数月或数年的熊市。做好准备。</blockquote></p><p> <b>What specific actions should you take?</b></p><p><blockquote><b>你应该采取什么具体行动？</b></blockquote></p><p> Now that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:</p><p><blockquote>既然你已经照顾好了自己的情绪健康，你还可以做出其他的财务决定。让我们来看看一些可能有帮助的战略和战术：</blockquote></p><p> <ol>  <li>Sell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard &amp; Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.</li>  <li>Create a long-term investment plan and follow it no matter what happens in the short term.</li>  <li>Dollar-cost average into index funds.</li>  <li>Diversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.</li>  <li>Buy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.</li>  <li>Sell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.</li> </ol> <b>Plan for the next correction or bear market</b></p><p><blockquote><ol><li>如果您持有的股票或指数跌破200日移动平均线，则卖出。注：标准普尔500SPX,-0.54%等主要指数十年来没有跌破（并保持在低于）200日平均水平。当他们最终这样做时，这是一个明确的卖出信号。</li><li>制定一个长期投资计划，无论短期内发生什么都要遵循它。</li><li>指数基金的平均成本。</li><li>多样化。这是股市和人生成功的关键。如果您只持有股票，请考虑债券，但在采取这一步骤之前请与金融专业人士（而不是您的邻居）交谈。</li><li>逢低买入。这个策略仍然有效。如果你在7月19日逢低买入，你就会在7月20日清理干净。总有一天这种策略行不通了，但那一天还没有到来。</li><li>出售备兑看涨期权期权。这仍然是产生额外收入的绝佳方式。这种策略也非常适合处理不需要的股票并获得报酬。</li></ol><b>为下一次调整或熊市做好计划</b></blockquote></p><p> After a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.</p><p><blockquote>在经历了13年的牛市之后，美国股市的时间已经不多了。虽然多头这次又取得了胜利，但有一天市场不会逆转方向，将开始急剧调整，或者更糟的是，进入熊市。那时你会很高兴你有一个计划和一个在最糟糕的日子里可以遵循的投资脚本。</blockquote></p><p> Know what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.</p><p><blockquote>了解您拥有什么，将其出售到“睡眠良好”点，并多元化投资于包括现金和债券在内的各种金融产品。这样，当市场再次暴跌时，你就不会做出下意识的情绪化决定或遭受焦虑发作。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/heres-your-to-do-list-before-the-stock-markets-next-dive-11627360870?mod=article_inline\">MarketWatch</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","SPY":"标普500ETF"},"source_url":"https://www.marketwatch.com/story/heres-your-to-do-list-before-the-stock-markets-next-dive-11627360870?mod=article_inline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127411624","content_text":"After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.\nAs usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.\nThe truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.\nTechnical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.  After the July 26 market close, the RSI of the S&P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.\nThe bad news bears can’t catch a break\nBefore the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.\nWhat to do now\nThe next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:\n1. If you’re panicked: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.\n2. If you’re afraid: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.\n3. If you’re unaffected:Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.\nWhat specific actions should you take?\nNow that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:\n\nSell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard & Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.\nCreate a long-term investment plan and follow it no matter what happens in the short term.\nDollar-cost average into index funds.\nDiversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.\nBuy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.\nSell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.\n\nPlan for the next correction or bear market\nAfter a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.\nKnow what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":473,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895960215,"gmtCreate":1628712679237,"gmtModify":1633744980857,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"IPO in HK exchange is more promising.&nbsp;","listText":"IPO in HK exchange is more promising.&nbsp;","text":"IPO in HK exchange is more promising.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/895960215","repostId":"1149859103","repostType":4,"isVote":1,"tweetType":1,"viewCount":1659,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813893212,"gmtCreate":1630163863436,"gmtModify":1704956667167,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Wow, semiconductor power stock.&nbsp;","listText":"Wow, semiconductor power stock.&nbsp;","text":"Wow, semiconductor power stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/813893212","repostId":"2162024053","repostType":4,"isVote":1,"tweetType":1,"viewCount":1533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805520815,"gmtCreate":1627892743037,"gmtModify":1633755536137,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Expect more M&amp;A upcoming in view of current economic situation impacted by Covid-19 worldwide","listText":"Expect more M&amp;A upcoming in view of current economic situation impacted by Covid-19 worldwide","text":"Expect more M&A upcoming in view of current economic situation impacted by Covid-19 worldwide","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805520815","repostId":"1106026316","repostType":4,"repost":{"id":"1106026316","kind":"news","pubTimestamp":1627860338,"share":"https://www.laohu8.com/m/news/1106026316?lang=zh_CN&edition=full","pubTime":"2021-08-02 07:25","market":"us","language":"en","title":"Square Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal<blockquote>Square同意以290亿美元的全股票交易收购Afterpay</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106026316","media":"The Wall Street Journal","summary":"(Updated on August 2, 2021 ET 04:19 AM)\n\n\nSquare fell over 5% in premarket trading.\n\nAustralian inst","content":"<p><i>(Updated on August 2, 2021 ET&nbsp;04:19 AM)</i></p><p><blockquote><i>（更新于美国东部时间2021年8月2日凌晨04:19）</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/d8c9726bd034485ce2cd75b32ca6f291\" tg-width=\"629\" tg-height=\"520\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p>   <b>Square fell over 5% in premarket trading.</b>  Australian installment-payment company positions its service as a cheaper, more responsible alternative to a credit card</p><p><blockquote><b>Square在盘前交易中下跌超过5%。</b>澳大利亚分期付款公司将其服务定位为更便宜、更负责任的信用卡替代品</blockquote></p><p> YDNEY—SquareInc.&nbsp;has agreed to an all-stock deal valued at around $29 billion to acquire Australia’s&nbsp;AfterpayLtd., an installment-payment company that positions its service as a cheaper and more responsible alternative to a credit card.</p><p><blockquote>Ydney-SquareInc.已同意一项价值约290亿美元的全股票交易，收购澳大利亚AfterpayLtd.，这是一家分期付款公司，将其服务定位为更便宜、更负责任的信用卡替代品。</blockquote></p><p> Square said it plans to integrate Afterpay into its Seller and Cash App business units, which would allow more retailers to offer so-called buy now, pay later services at checkout.</p><p><blockquote>Square表示，计划将Afterpay整合到其卖家和现金应用程序业务部门中，这将允许更多零售商在结账时提供所谓的“先买后付”服务。</blockquote></p><p> Afterpay’s technology allows users to&nbsp;pay for goods in four interest-free installments, while receiving the goods immediately. Customers pay a fee only if they miss an automated payment, a transgression that also locks their account until the balance is repaid. Afterpay says this limits bad debts, particularly in a downturn when job security is shaky and household finances are stretched.</p><p><blockquote>Afterpay的技术允许用户分四期免息分期付款购买商品，同时立即收到商品。客户只有在错过自动付款时才需要支付费用，这种违规行为也会锁定他们的账户，直到余额被偿还。Afterpay表示，这限制了坏账，特别是在经济低迷时期，工作保障不稳定，家庭财务捉襟见肘。</blockquote></p><p> Most of Afterpay’s revenue comes from retail merchants, which pay a percentage of the value of each order placed by customers, plus a fixed fee. The company is expanding across the U.S. through deals with retailers including Anthropologie and Free People.</p><p><blockquote>Afterpay的大部分收入来自零售商，零售商支付客户每笔订单价值的一定比例，外加固定费用。该公司正在通过与Anthropologie和Free People等零售商的交易在美国扩张。</blockquote></p><p> “Square and Afterpay have a shared purpose,” said Jack Dorsey, Square’s chief executive. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.”</p><p><blockquote>Square首席执行官杰克·多西(Jack Dorsey)表示：“Square和Afterpay有着共同的目标。”“我们建立业务是为了让金融体系更加公平、方便和包容，Afterpay已经建立了一个符合这些原则的值得信赖的品牌。”</blockquote></p><p> Afterpay, Australia’s largest tech company by market capitalization, said the deal implies a value of around 126.21 Australian dollars (about US$92.66) for each of its shares, representing a 31% premium to its closing price on Friday.</p><p><blockquote>澳大利亚市值最大的科技公司Afterpay表示，这笔交易意味着其每股价值约为126.21澳元（约合92.66美元），较上周五收盘价溢价31%。</blockquote></p><p> Afterpay said its shareholders will receive 0.375 share of Square Class A common stock for each Afterpay share that they own. It expects Afterpay shareholders will own around 18.5% of the combined company when the deal completes.</p><p><blockquote>Afterpay表示，其股东持有的每股Afterpay股票将获得0.375股Square A类普通股。预计交易完成后，Afterpay股东将拥有合并后公司约18.5%的股份。</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>Square Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal<blockquote>Square同意以290亿美元的全股票交易收购Afterpay</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\">\nSquare Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal<blockquote>Square同意以290亿美元的全股票交易收购Afterpay</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\">2021-08-02 07:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>(Updated on August 2, 2021 ET&nbsp;04:19 AM)</i></p><p><blockquote><i>（更新于美国东部时间2021年8月2日凌晨04:19）</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/d8c9726bd034485ce2cd75b32ca6f291\" tg-width=\"629\" tg-height=\"520\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p>   <b>Square fell over 5% in premarket trading.</b>  Australian installment-payment company positions its service as a cheaper, more responsible alternative to a credit card</p><p><blockquote><b>Square在盘前交易中下跌超过5%。</b>澳大利亚分期付款公司将其服务定位为更便宜、更负责任的信用卡替代品</blockquote></p><p> YDNEY—SquareInc.&nbsp;has agreed to an all-stock deal valued at around $29 billion to acquire Australia’s&nbsp;AfterpayLtd., an installment-payment company that positions its service as a cheaper and more responsible alternative to a credit card.</p><p><blockquote>Ydney-SquareInc.已同意一项价值约290亿美元的全股票交易，收购澳大利亚AfterpayLtd.，这是一家分期付款公司，将其服务定位为更便宜、更负责任的信用卡替代品。</blockquote></p><p> Square said it plans to integrate Afterpay into its Seller and Cash App business units, which would allow more retailers to offer so-called buy now, pay later services at checkout.</p><p><blockquote>Square表示，计划将Afterpay整合到其卖家和现金应用程序业务部门中，这将允许更多零售商在结账时提供所谓的“先买后付”服务。</blockquote></p><p> Afterpay’s technology allows users to&nbsp;pay for goods in four interest-free installments, while receiving the goods immediately. Customers pay a fee only if they miss an automated payment, a transgression that also locks their account until the balance is repaid. Afterpay says this limits bad debts, particularly in a downturn when job security is shaky and household finances are stretched.</p><p><blockquote>Afterpay的技术允许用户分四期免息分期付款购买商品，同时立即收到商品。客户只有在错过自动付款时才需要支付费用，这种违规行为也会锁定他们的账户，直到余额被偿还。Afterpay表示，这限制了坏账，特别是在经济低迷时期，工作保障不稳定，家庭财务捉襟见肘。</blockquote></p><p> Most of Afterpay’s revenue comes from retail merchants, which pay a percentage of the value of each order placed by customers, plus a fixed fee. The company is expanding across the U.S. through deals with retailers including Anthropologie and Free People.</p><p><blockquote>Afterpay的大部分收入来自零售商，零售商支付客户每笔订单价值的一定比例，外加固定费用。该公司正在通过与Anthropologie和Free People等零售商的交易在美国扩张。</blockquote></p><p> “Square and Afterpay have a shared purpose,” said Jack Dorsey, Square’s chief executive. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.”</p><p><blockquote>Square首席执行官杰克·多西(Jack Dorsey)表示：“Square和Afterpay有着共同的目标。”“我们建立业务是为了让金融体系更加公平、方便和包容，Afterpay已经建立了一个符合这些原则的值得信赖的品牌。”</blockquote></p><p> Afterpay, Australia’s largest tech company by market capitalization, said the deal implies a value of around 126.21 Australian dollars (about US$92.66) for each of its shares, representing a 31% premium to its closing price on Friday.</p><p><blockquote>澳大利亚市值最大的科技公司Afterpay表示，这笔交易意味着其每股价值约为126.21澳元（约合92.66美元），较上周五收盘价溢价31%。</blockquote></p><p> Afterpay said its shareholders will receive 0.375 share of Square Class A common stock for each Afterpay share that they own. It expects Afterpay shareholders will own around 18.5% of the combined company when the deal completes.</p><p><blockquote>Afterpay表示，其股东持有的每股Afterpay股票将获得0.375股Square A类普通股。预计交易完成后，Afterpay股东将拥有合并后公司约18.5%的股份。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/square-agrees-to-acquire-afterpay-for-29-billion-in-all-stock-deal-11627855390?mod=hp_lead_pos3\">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":{},"source_url":"https://www.wsj.com/articles/square-agrees-to-acquire-afterpay-for-29-billion-in-all-stock-deal-11627855390?mod=hp_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106026316","content_text":"(Updated on August 2, 2021 ET 04:19 AM)\n\n\nSquare fell over 5% in premarket trading.\n\nAustralian installment-payment company positions its service as a cheaper, more responsible alternative to a credit card\nYDNEY—SquareInc. has agreed to an all-stock deal valued at around $29 billion to acquire Australia’s AfterpayLtd., an installment-payment company that positions its service as a cheaper and more responsible alternative to a credit card.\nSquare said it plans to integrate Afterpay into its Seller and Cash App business units, which would allow more retailers to offer so-called buy now, pay later services at checkout.\nAfterpay’s technology allows users to pay for goods in four interest-free installments, while receiving the goods immediately. Customers pay a fee only if they miss an automated payment, a transgression that also locks their account until the balance is repaid. Afterpay says this limits bad debts, particularly in a downturn when job security is shaky and household finances are stretched.\nMost of Afterpay’s revenue comes from retail merchants, which pay a percentage of the value of each order placed by customers, plus a fixed fee. The company is expanding across the U.S. through deals with retailers including Anthropologie and Free People.\n“Square and Afterpay have a shared purpose,” said Jack Dorsey, Square’s chief executive. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.”\nAfterpay, Australia’s largest tech company by market capitalization, said the deal implies a value of around 126.21 Australian dollars (about US$92.66) for each of its shares, representing a 31% premium to its closing price on Friday.\nAfterpay said its shareholders will receive 0.375 share of Square Class A common stock for each Afterpay share that they own. It expects Afterpay shareholders will own around 18.5% of the combined company when the deal completes.","news_type":1,"symbols_score_info":{"SQ":0.9}},"isVote":1,"tweetType":1,"viewCount":1651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898269522,"gmtCreate":1628501494866,"gmtModify":1633746640317,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Is this promoting stocks to move prices upward?&nbsp;","listText":"Is this promoting stocks to move prices upward?&nbsp;","text":"Is this promoting stocks to move prices upward?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/898269522","repostId":"1184000657","repostType":4,"isVote":1,"tweetType":1,"viewCount":1621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805272220,"gmtCreate":1627887998360,"gmtModify":1633755578756,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Go for Growth Stocks to grow your next Millions. Cheers","listText":"Go for Growth Stocks to grow your next Millions. Cheers","text":"Go for Growth Stocks to grow your next Millions. Cheers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805272220","repostId":"2156741169","repostType":4,"isVote":1,"tweetType":1,"viewCount":1518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801492666,"gmtCreate":1627526473255,"gmtModify":1633764103298,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Counting down to rate hike","listText":"Counting down to rate hike","text":"Counting down to rate hike","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/801492666","repostId":"1127264445","repostType":4,"repost":{"id":"1127264445","kind":"news","pubTimestamp":1627514621,"share":"https://www.laohu8.com/m/news/1127264445?lang=zh_CN&edition=full","pubTime":"2021-07-29 07:23","market":"us","language":"en","title":"S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500收于当日低点；鲍威尔称美联储距离加息还有很长的路要走</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127264445","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after th","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> said the central bank was still a ways away from considering raising interest rates.</p><p><blockquote>路透纽约3月19日-标普500周三收盘变化不大，但脱离盘中低点，此前美联储表示美国经济复苏仍在正轨上，主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>表示央行距离考虑加息还有一段路要走。</blockquote></p><p> Keeping the market in check, shares of tech giant <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc fell 1.2% after it forecast slowing revenue growth.</p><p><blockquote>控制市场，科技巨头的股票<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc预测收入增长放缓，股价下跌1.2%。</blockquote></p><p> In a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.</p><p><blockquote>在美联储发布新政策声明后的新闻发布会上，鲍威尔还表示，在退出美联储提供的经济支持之前，美国就业市场仍有“一些地方需要覆盖”。2020年春季，以应对冠状病毒大流行的经济冲击。</blockquote></p><p> “It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz &amp; Associates Inc, an investment advisory firm based in Toledo, Ohio.</p><p><blockquote>总部位于俄亥俄州托莱多的投资咨询公司Alan B.Lancz&amp;Associates Inc总裁艾伦·兰茨(Alan Lancz)表示：“看起来对市场来说最积极的事情可能是他们远未加息。”</blockquote></p><p> Right after the Fed statement, the S&amp;P 500 index reversed slight declines though it still ended a hair lower on the day.</p><p><blockquote>美联储声明发布后，标普500指数扭转了小幅跌势，但当天收盘仍小幅下跌。</blockquote></p><p> <a href=\"https://laohu8.com/S/ISBC\">Investors</a> have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>一直担心通胀上升和COVID-19病例激增可能会影响央行可能开始撤回刺激措施的计划。</blockquote></p><p> The central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.</p><p><blockquote>央行还表示，通胀上升仍然是“暂时性因素”的结果。美联储将隔夜基准利率维持在零附近，并维持债券购买计划不变。</blockquote></p><p> The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> ended higher and shares of Google parent <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.</p><p><blockquote>The<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>谷歌母公司股价收高<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>由于广告支出激增帮助其公布了创纪录的季度业绩，Inc创下历史新高。该股收盘上涨3.2%。</blockquote></p><p> The Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&amp;P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.</p><p><blockquote>道琼斯工业平均指数下跌127.59点，跌幅0.36%，至34,930.93点；标普500下跌0.82点，跌幅0.02%，至4,400.64点；纳斯达克综合指数上涨102.01点，跌幅0.7%，至14,762.58点。</blockquote></p><p> The Fed’s statement came at the conclusion of its latest two-day policy meeting.</p><p><blockquote>美联储的声明是在最近一次为期两天的政策会议结束时发表的。</blockquote></p><p> “They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in <a href=\"https://laohu8.com/S/WEBK\">Wellesley</a>, Massachusetts.</p><p><blockquote>F.L.投资组合经理Ellen Hazen表示：“他们有机会发出信号，表明他们将变得更加鹰派，但他们选择不接受。最重要的是，他们是可预测的，而且仍然是可预测的。”普特南投资管理公司<a href=\"https://laohu8.com/S/WEBK\">韦尔斯利</a>，马萨诸塞州。</blockquote></p><p> In other earnings news, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.</p><p><blockquote>在其他财报消息中，<a href=\"https://laohu8.com/S/MSFT\">微软</a>尽管云服务的繁荣帮助其收入和盈利超出了华尔街的预期，但该公司收盘下跌0.1%。</blockquote></p><p> Volume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为98.6亿股，而过去20个交易日的全交易日平均成交量相似。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为1.85比1；在纳斯达克，2.61比1的比率有利于上涨者。</blockquote></p><p> The S&amp;P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.</p><p><blockquote>标普500创下42个52周新高，无新低；纳斯达克综合指数录得44个新高和67个新低。</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>S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500收于当日低点；鲍威尔称美联储距离加息还有很长的路要走</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\">\nS&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500收于当日低点；鲍威尔称美联储距离加息还有很长的路要走</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-29 07:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - The S&amp;P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> said the central bank was still a ways away from considering raising interest rates.</p><p><blockquote>路透纽约3月19日-标普500周三收盘变化不大，但脱离盘中低点，此前美联储表示美国经济复苏仍在正轨上，主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>表示央行距离考虑加息还有一段路要走。</blockquote></p><p> Keeping the market in check, shares of tech giant <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc fell 1.2% after it forecast slowing revenue growth.</p><p><blockquote>控制市场，科技巨头的股票<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc预测收入增长放缓，股价下跌1.2%。</blockquote></p><p> In a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.</p><p><blockquote>在美联储发布新政策声明后的新闻发布会上，鲍威尔还表示，在退出美联储提供的经济支持之前，美国就业市场仍有“一些地方需要覆盖”。2020年春季，以应对冠状病毒大流行的经济冲击。</blockquote></p><p> “It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz &amp; Associates Inc, an investment advisory firm based in Toledo, Ohio.</p><p><blockquote>总部位于俄亥俄州托莱多的投资咨询公司Alan B.Lancz&amp;Associates Inc总裁艾伦·兰茨(Alan Lancz)表示：“看起来对市场来说最积极的事情可能是他们远未加息。”</blockquote></p><p> Right after the Fed statement, the S&amp;P 500 index reversed slight declines though it still ended a hair lower on the day.</p><p><blockquote>美联储声明发布后，标普500指数扭转了小幅跌势，但当天收盘仍小幅下跌。</blockquote></p><p> <a href=\"https://laohu8.com/S/ISBC\">Investors</a> have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>一直担心通胀上升和COVID-19病例激增可能会影响央行可能开始撤回刺激措施的计划。</blockquote></p><p> The central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.</p><p><blockquote>央行还表示，通胀上升仍然是“暂时性因素”的结果。美联储将隔夜基准利率维持在零附近，并维持债券购买计划不变。</blockquote></p><p> The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> ended higher and shares of Google parent <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.</p><p><blockquote>The<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>谷歌母公司股价收高<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>由于广告支出激增帮助其公布了创纪录的季度业绩，Inc创下历史新高。该股收盘上涨3.2%。</blockquote></p><p> The Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&amp;P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.</p><p><blockquote>道琼斯工业平均指数下跌127.59点，跌幅0.36%，至34,930.93点；标普500下跌0.82点，跌幅0.02%，至4,400.64点；纳斯达克综合指数上涨102.01点，跌幅0.7%，至14,762.58点。</blockquote></p><p> The Fed’s statement came at the conclusion of its latest two-day policy meeting.</p><p><blockquote>美联储的声明是在最近一次为期两天的政策会议结束时发表的。</blockquote></p><p> “They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in <a href=\"https://laohu8.com/S/WEBK\">Wellesley</a>, Massachusetts.</p><p><blockquote>F.L.投资组合经理Ellen Hazen表示：“他们有机会发出信号，表明他们将变得更加鹰派，但他们选择不接受。最重要的是，他们是可预测的，而且仍然是可预测的。”普特南投资管理公司<a href=\"https://laohu8.com/S/WEBK\">韦尔斯利</a>，马萨诸塞州。</blockquote></p><p> In other earnings news, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.</p><p><blockquote>在其他财报消息中，<a href=\"https://laohu8.com/S/MSFT\">微软</a>尽管云服务的繁荣帮助其收入和盈利超出了华尔街的预期，但该公司收盘下跌0.1%。</blockquote></p><p> Volume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为98.6亿股，而过去20个交易日的全交易日平均成交量相似。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股与下跌股的比例为1.85比1；在纳斯达克，2.61比1的比率有利于上涨者。</blockquote></p><p> The S&amp;P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.</p><p><blockquote>标普500创下42个52周新高，无新低；纳斯达克综合指数录得44个新高和67个新低。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-ends-off-days-lows-powell-says-fed-still-a-ways-away-from-rate-hikes-idUSL1N2P435H\">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":{"161125":"标普500","OEX":"标普100","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","OEF":"标普100指数ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares",".SPX":"S&P 500 Index","SDS":"两倍做空标普500 ETF-ProShares","SH":"做空标普500-Proshares","IVV":"标普500ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-ends-off-days-lows-powell-says-fed-still-a-ways-away-from-rate-hikes-idUSL1N2P435H","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127264445","content_text":"NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome Powell said the central bank was still a ways away from considering raising interest rates.\nKeeping the market in check, shares of tech giant Apple Inc fell 1.2% after it forecast slowing revenue growth.\nIn a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.\n“It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz & Associates Inc, an investment advisory firm based in Toledo, Ohio.\nRight after the Fed statement, the S&P 500 index reversed slight declines though it still ended a hair lower on the day.\nInvestors have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.\nThe central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.\nThe Nasdaq ended higher and shares of Google parent Alphabet Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.\nThe Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.\nThe Fed’s statement came at the conclusion of its latest two-day policy meeting.\n“They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in Wellesley, Massachusetts.\nIn other earnings news, Microsoft Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.\nVolume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.\nThe S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.","news_type":1,"symbols_score_info":{"161125":0.9,"SH":0.9,".DJI":0.9,"SSO":0.9,"SPXU":0.9,"SDS":0.9,"OEX":0.9,"IVV":0.9,"OEF":0.9,"UPRO":0.9,".SPX":0.9,"ESmain":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174282063,"gmtCreate":1627101590452,"gmtModify":1633767933601,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Sharing infrastructure is good move. Win Win for&nbsp;all.&nbsp;","listText":"Sharing infrastructure is good move. Win Win for&nbsp;all.&nbsp;","text":"Sharing infrastructure is good move. Win Win for all.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/174282063","repostId":"1109439356","repostType":4,"isVote":1,"tweetType":1,"viewCount":921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147908791,"gmtCreate":1626324406513,"gmtModify":1633927842525,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Inflation risks are building up","listText":"Inflation risks are building up","text":"Inflation risks are building up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/147908791","repostId":"1122873304","repostType":4,"repost":{"id":"1122873304","kind":"news","pubTimestamp":1626320892,"share":"https://www.laohu8.com/m/news/1122873304?lang=zh_CN&edition=full","pubTime":"2021-07-15 11:48","market":"us","language":"en","title":"Inflation: The Next Stage Of The Global Financial Crisis 2007-2031<blockquote>通货膨胀：2007-2031年全球金融危机的下一阶段</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122873304","media":"zerohedge","summary":"“The evil that men do lives after them; the good is oft interred with their bones; so be it with Caesar.”“Oh, that’s nothing to worry about, the central banks have no choice but to keep juicing markets”…The market is so focused on the short-term and ignoring the consequences of the last 10 years of QE, monetary experimentation and easy rates, that its blundering into the next crisis. Inflation matters, and has jumped from financial assets into the real economy.I should warn readers this morning’","content":"<p><i>“The evil that men do lives after them; the good is oft interred with their bones; so be it with Caesar.”</i></p><p><blockquote><i>“人所行的恶，必后生；善人常与尸骨一同埋葬。凯撒也是如此。”</i></blockquote></p><p> <b><i>What Inflation? “Oh, that’s nothing to worry about, the central banks have no choice but to keep juicing markets”… The market is so focused on the short-term and ignoring the consequences of the last 10 years of QE, monetary experimentation and easy rates, that its blundering into the next crisis. Inflation matters, and has jumped from financial assets into the real economy.</i></b></p><p><blockquote><b><i>什么通货膨胀？“哦，这没什么好担心的，央行别无选择，只能继续刺激市场”……市场如此关注短期，忽视了过去10年量化宽松、货币实验和宽松利率的后果，以至于它陷入了下一场危机。通货膨胀很重要，而且已经从金融资产跳到了实体经济。</i></b></blockquote></p><p> <i>I should warn readers this morning’s porridge is going to be yet another of my irregular notes on how the Global Financial Crisis (“GFC”) which began in 2007 is still with us.. We’re just moving on to a new stage… Enjoy Chapter 384 of&nbsp;The Fall of Money – The GFC: 2007-2031.</i></p><p><blockquote><i>我应该警告读者，今天早上的粥将是我关于2007年开始的全球金融危机（“GFC”）如何仍然伴随着我们的又一次不定期笔记..我们正在进入一个新的阶段……欣赏《金钱的陨落——GFC：2007-2031》的第384章。</i></blockquote></p><p> This morning – What inflation?</p><p><blockquote>今天早上——什么通货膨胀？</blockquote></p><p> Huh? Last week the market convinced itself inflation&nbsp;<i><u>apparently</u></i>wasn’t an issue. Yield curves flattened, bonds tightened, and even though stocks were anticipating the best-ever-earnings-season, there was&nbsp;<i><u>absolutely</u></i>&nbsp;nothing to worry about in terms of rising prices… Apparently…</p><p><blockquote>啊？上周市场确信通胀<i><u>显然</u></i>不是问题。收益率曲线变平，债券收紧，尽管股市预计将迎来有史以来最好的财报季，但<i><u>绝对地</u></i>价格上涨没什么可担心的……显然……</blockquote></p><p> <b>Apparently</b>and&nbsp;<b>Absolutely</b>&nbsp;are two very dangerous words in finance… They raise the likelihood you’ve got it completely wrong, ie:&nbsp;<i>Apparently</i>&nbsp;you couldn’t lose, but you did… Returns were&nbsp;<i>Absolutely</i>guaranteed.. till the company went burst.</p><p><blockquote><b>显然</b>和<b>绝对地</b>在金融领域是两个非常危险的词……它们增加了你完全弄错的可能性，即：<i>显然</i>你不能输，但你输了……回报是<i>绝对地</i>保证..直到公司倒闭。</blockquote></p><p> As we’ve learn’t this morning UK Inflation has risen to 2.5% – raising the prospect of a letter from the Bank explaining why. The headline US CPI data yesterday was even stronger – 5.4% yoy, and 0.9% over the last month! That’s not quite Zimbabwe but… you get the drift… When it happens in Europe… well the Germans are going to have a monumental hissy fit. (Top investment tip: stay long wheelbarrows.)</p><p><blockquote>正如我们今天早上了解到的那样，英国通胀率已升至2.5%，这增加了央行致函解释原因的可能性。昨天的总体美国CPI数据甚至更强劲——同比增长5.4%，比上个月增长0.9%！这不完全是津巴布韦，但是…你明白了…当它发生在欧洲时…德国人会大发脾气。（顶级投资提示：长期使用独轮车。）</blockquote></p><p> Inflation matters. Its critical to bonds and long-term returns. The market should look like it’s been slapped with the Wet-Halibut of Rampant Inflation, but, it doesn’t seem to have learnt the lesson. This morning, the financial-commentariat is awash with analysis of how the Fed, BoE and ECB will all hold off from any hint of “taper” response to inflation, in order to keep frothy markets from collapsing.</p><p><blockquote>通货膨胀很重要。这对债券和长期回报至关重要。市场应该看起来像是被猖獗的通胀打了一巴掌，但是，它似乎还没有吸取教训。今天早上，金融评论充斥着对美联储、英国央行和欧洲央行将如何避免对通胀做出任何“缩减”反应的暗示，以防止泡沫市场崩溃的分析。</blockquote></p><p> Fed-Watching used to be the delicate art of understanding the indecipherable nuances of Fed-Speak, forensically dissecting the commentary and numbers and drawing conclusions based on a clear understanding of what was left unsaid and the Fed’s mandate.</p><p><blockquote>观察美联储曾经是一门微妙的艺术，可以理解美联储言论中难以理解的细微差别，对评论和数字进行法医剖析，并根据对未说的话和美联储使命的清晰理解得出结论。</blockquote></p><p> Not today.</p><p><blockquote>今天不行。</blockquote></p><p> Fed watching today is about understanding how Jerome Powell and his merry gang are now hamstrung and tripping over themselves about not spooking markets over rate rises, taper-talk or doing anything that might unwind what they’ve being doing the last 12 years – frothing markets with unlimited QE, inappropriate rates, regulation and spin.</p><p><blockquote>美联储今天的观察是为了了解杰罗姆·鲍威尔和他的快乐团伙现在是如何被束缚和绊倒的，因为他们没有因为加息、缩减开支或做任何可能放松他们过去12年所做的事情而惊吓市场——泡沫市场无限量化宽松、不适当的利率、监管和旋转。</blockquote></p><p> <b>The brutal reality is the Central Bankers,&nbsp;</b><b><i>who are all honourable men and women</i></b><b>, understand the levers they pull no longer function as they once did. Why? Well, these honourable men and women have broken the system as a consequence of their actions. Oops. Now they have no choice but to follow.. which means trouble ahead until the global financial system can be resolved.</b></p><p><blockquote><b>残酷的现实是央行行长们，</b><b><i>他们都是可敬的男男女女</i></b><b>，明白他们拉动的杠杆不再像以前那样发挥作用了。为什么？好吧，这些可敬的男人和女人因为他们的行为而打破了这个系统。哎呀。现在他们别无选择，只能跟随..这意味着在全球金融体系得到解决之前，麻烦还在后头。</b></blockquote></p><p> The start reality is Central Banks have no answer to inflation except to hope and carry on. They are caught between the Scylla of Inflation and the Charybdis of a market collapse. Eek! Which is why so many analysts are confident the markets will win out and keep going higher – because central banks have little choice but to go with it and keep up the stimulus.</p><p><blockquote>最初的现实是，央行除了希望和坚持之外，对通胀没有答案。他们被夹在通货膨胀的“锡拉”和市场崩溃的“腹背受敌”之间。哎呀！这就是为什么如此多的分析师相信市场将获胜并继续走高——因为央行别无选择，只能随波逐流并继续刺激。</blockquote></p><p> <b>Most of the market is fixated on what the S&amp;P does this afternoon, what new high the NASDAQ will make this month, or where Amazon is going to top this quarter. They have the vision of a blind man when it comes to anything much beyond the end of their one-year time horizon. Even the bond market seems blind.</b></p><p><blockquote><b>大多数市场关注的是标准普尔指数今天下午的走势、纳斯达克本月将创下什么新高，或者亚马逊本季度将超越何处。当涉及到远远超出他们一年时间范围的任何事情时，他们有一个盲人的视野。甚至债券市场似乎也是盲目的。</b></blockquote></p><p> The reality is investment should be about the long term. If you ignore the future in favour of short-term gains its makes it very easy to dismiss the evidence… that inflation is actually a very, very real issue..</p><p><blockquote>现实是投资应该是长期的。如果你为了短期收益而忽视未来，就很容易忽视证据…通货膨胀实际上是一个非常非常现实的问题..</blockquote></p><p> Lots of smart non-financial assets funds do understand that, and see just how horribly distorted markets have become. That’s why they are so keen to diversify out of corrupted financial assets and into real assets – the hot part of the market (and what I’ve been doing in Alternative Assets for the last 12 years.)</p><p><blockquote>许多聪明的非金融资产基金确实明白这一点，并看到市场已经变得多么扭曲。这就是为什么他们如此热衷于多元化，摆脱腐败的金融资产，进入实物资产——这是市场的热门部分（也是我过去12年来在另类资产领域所做的事情）。</blockquote></p><p></p><p> Going back to inflation, the outlook is complex – another reason such a large part of the financial blogosphere is ignoring it. For instance; it’s possible to argue the rise in commodity prices is a factor of hoarding; manufacturers anticipating a surge Covid recovery and preparing for massive post-pandemic demand. The spikes in commodities from Copper to Lumber are now in reverse – supporting the market’s contention the inflation number is something of an overshoot.</p><p><blockquote>回到通胀，前景很复杂——这也是金融博客圈如此大一部分人忽视通胀的另一个原因。例如；可以说大宗商品价格上涨是囤积的一个因素；制造商预计新冠疫情复苏将激增，并为大流行后的巨大需求做好准备。从铜到木材等大宗商品的飙升现在已经逆转，这支持了市场关于通胀数据有些超调的论点。</blockquote></p><p> <b>Oil is an outlier.</b>OPEC is a monopoly price setter, but is going through yet another of its periodic organisational crisis resulting in a spike that’s proving difficult to hedge. Owning oil is not a pleasant outcome for anyone – as we saw last year when traders found themselves owning negative priced oil when storage was unavailable.</p><p><blockquote><b>石油是一个异常值。</b>欧佩克是垄断价格制定者，但正在经历另一场周期性组织危机，导致价格飙升，事实证明难以对冲。拥有石油对任何人来说都不是一个愉快的结果——正如我们去年看到的那样，当没有储存时，交易员发现自己拥有负价格的石油。</blockquote></p><p> Some of the important underlying trends in the economy – like used cars, where prices are rising. It hints that its details of specific inflation factors in each price that are important. Cars are a good example – we’re all aware of the global shortage of chips enabling car makers to cut production and create scarcity, pushing up new car prices, dragging second hand values higher as consumers seek alternatives. &nbsp;On the other hand – new car prices have been rising for years, with higher costs “justified” by the increasing amount of tech junk put into cars.. As the EU announces it will outlaw new ICE (internal combustion engine) vehicles by 2040, I wonder if we are going to see a new counter-trend develop.</p><p><blockquote>经济中一些重要的潜在趋势——比如二手车，价格正在上涨。它暗示了它的细节，具体的通货膨胀因素在每个价格是重要的。汽车就是一个很好的例子——我们都知道，全球芯片短缺导致汽车制造商减产并造成短缺，推高新车价格，随着消费者寻求替代品，二手车价格上涨。另一方面，新车价格多年来一直在上涨，越来越多的科技垃圾被投入汽车所证明，更高的成本是“合理的”..随着欧盟宣布到2040年将禁止新型内燃机汽车，我想知道我们是否会看到新的反趋势发展。</blockquote></p><p> To explain, consider the Land Rover:</p><p><blockquote>为了解释这一点，请考虑路虎：</blockquote></p><p> <ul>  <li>A 10 year-old low milage, full service history, Range Rover in immaculate condition may be worth £16k. A 20 year battered Defender with zero documents is worth £32k! But you can fix it with Gaffa Tape, WD40 and a hammer. (If it moves and shouldn’t: Gaffa tape it. If it still moves; more Gaffa tape. If it doesn’t move: WD40 and persuade it with a hammer.)</li> </ul> <b>However, inflation complacency may be the least of Central Bank worries. You may have spotted an increasing number of breathless articles from around the globe on House Price Inflation.</b></p><p><blockquote><ul><li>一辆拥有10年低里程、完整保养历史、状况完美的路虎揽胜可能价值1.6万英镑。一个被打了20年却没有任何证件的卫士价值3.2万英镑！但是你可以用Gaffa胶带，WD40和锤子来固定。（如果它动了，不应该：Gaffa胶带它。如果它仍然动；更多的Gaffa胶带。如果它不动：WD40并用锤子说服它。）</li></ul><b>然而，通胀自满可能是央行最不担心的问题。你可能已经发现了越来越多来自全球各地的关于房价通胀的令人窒息的文章。</b></blockquote></p><p> Everywhere on the planet the affluent classes – those with savings, who’ve done well from lockdown, and already on the property ladder – have been driving an uptick in property. Its debt fuelled and an illiquid market – no one sells till they see what they want to buy, and the ladder is actually a pyramid, with fewer assets on each successively higher rung.</p><p><blockquote>在地球上的任何地方，富裕阶层——那些有储蓄的人，那些在封锁期间过得很好，并且已经在房地产阶梯上的人——一直在推动房地产价格的上涨。它助长了债务和缺乏流动性的市场——没有人会卖出，直到他们看到他们想买的东西，阶梯实际上是一个金字塔，每一个连续更高的梯级上的资产都越来越少。</blockquote></p><p> The result is record home prices nearly everywhere. This week Powell and US Treasury Sec Janet Yellen are going to chat about it at the Financial Stability Oversight Council – a body setup post Global Financial Crisis (“GFC”) in 2010 to identify excessive risks to the US Financial System. About time.. Housing is more frothy than 2007 according to the Case-Shiller US property value index. (Incidentally… so is just about any other market…but, I;ve said that many times before..)</p><p><blockquote>结果是几乎所有地方的房价都创历史新高。本周，鲍威尔和美国财政部Sec珍妮特·耶伦(Janet Yellen)将在金融稳定监督委员会(Financial Stability Oversight Council)上谈论此事，该委员会是2010年全球金融危机(“GFC”)后成立的机构，旨在识别美国金融体系的过度风险。差不多时间了..根据Case-Shiller美国房地产价值指数，房地产泡沫比2007年更大。（顺便说一句……其他市场也是如此……但是，我以前已经说过很多次了……）</blockquote></p><p> Rightly, Janet and Jerome are concerned a second housing bubble bursting could shake the foundations of finance… again. However, this time will be different. The housing market is not vulnerable to a massive number of low-credit-score mortgagees defaulting, but to a large number of affluent middle classes suddenly finding themselves financial stretched, on a rung of the ladder they can’t afford, and sitting on negative equity when the bubble bursts.</p><p><blockquote>珍妮特和杰罗姆担心第二次房地产泡沫破裂可能会再次动摇金融的基础，这是正确的。然而，这一次会有所不同。房地产市场并不容易受到大量低信用评分抵押贷款人违约的影响，而是容易受到大量富裕中产阶级突然发现自己财务捉襟见肘，处于他们负担不起的阶梯上，并坐在负资产上泡沫破裂时。</blockquote></p><p> In the UK, we live with negative equity. In the US, you walk away. Whatever, these consumers consume less.</p><p><blockquote>在英国，我们生活在负资产中。在美国，你走开。不管怎样，这些消费者消费更少。</blockquote></p><p> The structure of the market has also changed. Banks don’t lend anymore. They broke their risks off to the investment sector. In the case of US mortgages – back to government through the Mortgage Backed Bond buyback schemes, and to the non-bank financial institutions than now finance, originate and service mortgages…</p><p><blockquote>市场的结构也发生了变化。银行不再放贷了。他们将风险转移到了投资领域。就美国抵押贷款而言——通过抵押贷款支持债券回购计划返还给政府，并返还给现在融资、发放和服务抵押贷款的非银行金融机构……</blockquote></p><p> <b>This is going to be the really big problem of the next stage of the Global Financial Crisis 2007-2031.</b>Real Assets! Smart money has been loading up on real assets on the basis they are decorrelated from the increasingly corrupted financial asset sector, but they reality is real assets from property, private equity, secured lending, aircraft, shipping, you-name-it, is now getting just as frothy as a result of all that inflation tied up in financial assets now spilling into the real economy…</p><p><blockquote><b>这将是2007-2031年全球金融危机下一阶段的真正大问题。</b>实物资产！聪明的资金一直在买入实物资产，因为它们与日益腐败的金融资产行业无关，但现实是，来自房地产、私募股权、担保贷款、飞机、航运等领域的实物资产，现在都变得越来越泡沫由于所有与金融资产相关的通货膨胀现在蔓延到实体经济……</blockquote></p><p> <b>Financial Asset Inflation has infected the real economy….</b></p><p><blockquote><b>金融资产通胀已经感染了实体经济。</b></blockquote></p><p> Time to think again… All these honourable men and women in Central Banks must dread Caesar’s ghost coming back to haunt the monetary experiment they started in 2010 going so badly wrong…</p><p><blockquote>是时候重新思考了……央行里所有这些可敬的男男女女一定害怕凯撒的鬼魂会回来困扰他们在2010年开始的货币实验，结果却出了如此严重的问题……</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>Inflation: The Next Stage Of The Global Financial Crisis 2007-2031<blockquote>通货膨胀：2007-2031年全球金融危机的下一阶段</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\">\nInflation: The Next Stage Of The Global Financial Crisis 2007-2031<blockquote>通货膨胀：2007-2031年全球金融危机的下一阶段</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-15 11:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i>“The evil that men do lives after them; the good is oft interred with their bones; so be it with Caesar.”</i></p><p><blockquote><i>“人所行的恶，必后生；善人常与尸骨一同埋葬。凯撒也是如此。”</i></blockquote></p><p> <b><i>What Inflation? “Oh, that’s nothing to worry about, the central banks have no choice but to keep juicing markets”… The market is so focused on the short-term and ignoring the consequences of the last 10 years of QE, monetary experimentation and easy rates, that its blundering into the next crisis. Inflation matters, and has jumped from financial assets into the real economy.</i></b></p><p><blockquote><b><i>什么通货膨胀？“哦，这没什么好担心的，央行别无选择，只能继续刺激市场”……市场如此关注短期，忽视了过去10年量化宽松、货币实验和宽松利率的后果，以至于它陷入了下一场危机。通货膨胀很重要，而且已经从金融资产跳到了实体经济。</i></b></blockquote></p><p> <i>I should warn readers this morning’s porridge is going to be yet another of my irregular notes on how the Global Financial Crisis (“GFC”) which began in 2007 is still with us.. We’re just moving on to a new stage… Enjoy Chapter 384 of&nbsp;The Fall of Money – The GFC: 2007-2031.</i></p><p><blockquote><i>我应该警告读者，今天早上的粥将是我关于2007年开始的全球金融危机（“GFC”）如何仍然伴随着我们的又一次不定期笔记..我们正在进入一个新的阶段……欣赏《金钱的陨落——GFC：2007-2031》的第384章。</i></blockquote></p><p> This morning – What inflation?</p><p><blockquote>今天早上——什么通货膨胀？</blockquote></p><p> Huh? Last week the market convinced itself inflation&nbsp;<i><u>apparently</u></i>wasn’t an issue. Yield curves flattened, bonds tightened, and even though stocks were anticipating the best-ever-earnings-season, there was&nbsp;<i><u>absolutely</u></i>&nbsp;nothing to worry about in terms of rising prices… Apparently…</p><p><blockquote>啊？上周市场确信通胀<i><u>显然</u></i>不是问题。收益率曲线变平，债券收紧，尽管股市预计将迎来有史以来最好的财报季，但<i><u>绝对地</u></i>价格上涨没什么可担心的……显然……</blockquote></p><p> <b>Apparently</b>and&nbsp;<b>Absolutely</b>&nbsp;are two very dangerous words in finance… They raise the likelihood you’ve got it completely wrong, ie:&nbsp;<i>Apparently</i>&nbsp;you couldn’t lose, but you did… Returns were&nbsp;<i>Absolutely</i>guaranteed.. till the company went burst.</p><p><blockquote><b>显然</b>和<b>绝对地</b>在金融领域是两个非常危险的词……它们增加了你完全弄错的可能性，即：<i>显然</i>你不能输，但你输了……回报是<i>绝对地</i>保证..直到公司倒闭。</blockquote></p><p> As we’ve learn’t this morning UK Inflation has risen to 2.5% – raising the prospect of a letter from the Bank explaining why. The headline US CPI data yesterday was even stronger – 5.4% yoy, and 0.9% over the last month! That’s not quite Zimbabwe but… you get the drift… When it happens in Europe… well the Germans are going to have a monumental hissy fit. (Top investment tip: stay long wheelbarrows.)</p><p><blockquote>正如我们今天早上了解到的那样，英国通胀率已升至2.5%，这增加了央行致函解释原因的可能性。昨天的总体美国CPI数据甚至更强劲——同比增长5.4%，比上个月增长0.9%！这不完全是津巴布韦，但是…你明白了…当它发生在欧洲时…德国人会大发脾气。（顶级投资提示：长期使用独轮车。）</blockquote></p><p> Inflation matters. Its critical to bonds and long-term returns. The market should look like it’s been slapped with the Wet-Halibut of Rampant Inflation, but, it doesn’t seem to have learnt the lesson. This morning, the financial-commentariat is awash with analysis of how the Fed, BoE and ECB will all hold off from any hint of “taper” response to inflation, in order to keep frothy markets from collapsing.</p><p><blockquote>通货膨胀很重要。这对债券和长期回报至关重要。市场应该看起来像是被猖獗的通胀打了一巴掌，但是，它似乎还没有吸取教训。今天早上，金融评论充斥着对美联储、英国央行和欧洲央行将如何避免对通胀做出任何“缩减”反应的暗示，以防止泡沫市场崩溃的分析。</blockquote></p><p> Fed-Watching used to be the delicate art of understanding the indecipherable nuances of Fed-Speak, forensically dissecting the commentary and numbers and drawing conclusions based on a clear understanding of what was left unsaid and the Fed’s mandate.</p><p><blockquote>观察美联储曾经是一门微妙的艺术，可以理解美联储言论中难以理解的细微差别，对评论和数字进行法医剖析，并根据对未说的话和美联储使命的清晰理解得出结论。</blockquote></p><p> Not today.</p><p><blockquote>今天不行。</blockquote></p><p> Fed watching today is about understanding how Jerome Powell and his merry gang are now hamstrung and tripping over themselves about not spooking markets over rate rises, taper-talk or doing anything that might unwind what they’ve being doing the last 12 years – frothing markets with unlimited QE, inappropriate rates, regulation and spin.</p><p><blockquote>美联储今天的观察是为了了解杰罗姆·鲍威尔和他的快乐团伙现在是如何被束缚和绊倒的，因为他们没有因为加息、缩减开支或做任何可能放松他们过去12年所做的事情而惊吓市场——泡沫市场无限量化宽松、不适当的利率、监管和旋转。</blockquote></p><p> <b>The brutal reality is the Central Bankers,&nbsp;</b><b><i>who are all honourable men and women</i></b><b>, understand the levers they pull no longer function as they once did. Why? Well, these honourable men and women have broken the system as a consequence of their actions. Oops. Now they have no choice but to follow.. which means trouble ahead until the global financial system can be resolved.</b></p><p><blockquote><b>残酷的现实是央行行长们，</b><b><i>他们都是可敬的男男女女</i></b><b>，明白他们拉动的杠杆不再像以前那样发挥作用了。为什么？好吧，这些可敬的男人和女人因为他们的行为而打破了这个系统。哎呀。现在他们别无选择，只能跟随..这意味着在全球金融体系得到解决之前，麻烦还在后头。</b></blockquote></p><p> The start reality is Central Banks have no answer to inflation except to hope and carry on. They are caught between the Scylla of Inflation and the Charybdis of a market collapse. Eek! Which is why so many analysts are confident the markets will win out and keep going higher – because central banks have little choice but to go with it and keep up the stimulus.</p><p><blockquote>最初的现实是，央行除了希望和坚持之外，对通胀没有答案。他们被夹在通货膨胀的“锡拉”和市场崩溃的“腹背受敌”之间。哎呀！这就是为什么如此多的分析师相信市场将获胜并继续走高——因为央行别无选择，只能随波逐流并继续刺激。</blockquote></p><p> <b>Most of the market is fixated on what the S&amp;P does this afternoon, what new high the NASDAQ will make this month, or where Amazon is going to top this quarter. They have the vision of a blind man when it comes to anything much beyond the end of their one-year time horizon. Even the bond market seems blind.</b></p><p><blockquote><b>大多数市场关注的是标准普尔指数今天下午的走势、纳斯达克本月将创下什么新高，或者亚马逊本季度将超越何处。当涉及到远远超出他们一年时间范围的任何事情时，他们有一个盲人的视野。甚至债券市场似乎也是盲目的。</b></blockquote></p><p> The reality is investment should be about the long term. If you ignore the future in favour of short-term gains its makes it very easy to dismiss the evidence… that inflation is actually a very, very real issue..</p><p><blockquote>现实是投资应该是长期的。如果你为了短期收益而忽视未来，就很容易忽视证据…通货膨胀实际上是一个非常非常现实的问题..</blockquote></p><p> Lots of smart non-financial assets funds do understand that, and see just how horribly distorted markets have become. That’s why they are so keen to diversify out of corrupted financial assets and into real assets – the hot part of the market (and what I’ve been doing in Alternative Assets for the last 12 years.)</p><p><blockquote>许多聪明的非金融资产基金确实明白这一点，并看到市场已经变得多么扭曲。这就是为什么他们如此热衷于多元化，摆脱腐败的金融资产，进入实物资产——这是市场的热门部分（也是我过去12年来在另类资产领域所做的事情）。</blockquote></p><p></p><p> Going back to inflation, the outlook is complex – another reason such a large part of the financial blogosphere is ignoring it. For instance; it’s possible to argue the rise in commodity prices is a factor of hoarding; manufacturers anticipating a surge Covid recovery and preparing for massive post-pandemic demand. The spikes in commodities from Copper to Lumber are now in reverse – supporting the market’s contention the inflation number is something of an overshoot.</p><p><blockquote>回到通胀，前景很复杂——这也是金融博客圈如此大一部分人忽视通胀的另一个原因。例如；可以说大宗商品价格上涨是囤积的一个因素；制造商预计新冠疫情复苏将激增，并为大流行后的巨大需求做好准备。从铜到木材等大宗商品的飙升现在已经逆转，这支持了市场关于通胀数据有些超调的论点。</blockquote></p><p> <b>Oil is an outlier.</b>OPEC is a monopoly price setter, but is going through yet another of its periodic organisational crisis resulting in a spike that’s proving difficult to hedge. Owning oil is not a pleasant outcome for anyone – as we saw last year when traders found themselves owning negative priced oil when storage was unavailable.</p><p><blockquote><b>石油是一个异常值。</b>欧佩克是垄断价格制定者，但正在经历另一场周期性组织危机，导致价格飙升，事实证明难以对冲。拥有石油对任何人来说都不是一个愉快的结果——正如我们去年看到的那样，当没有储存时，交易员发现自己拥有负价格的石油。</blockquote></p><p> Some of the important underlying trends in the economy – like used cars, where prices are rising. It hints that its details of specific inflation factors in each price that are important. Cars are a good example – we’re all aware of the global shortage of chips enabling car makers to cut production and create scarcity, pushing up new car prices, dragging second hand values higher as consumers seek alternatives. &nbsp;On the other hand – new car prices have been rising for years, with higher costs “justified” by the increasing amount of tech junk put into cars.. As the EU announces it will outlaw new ICE (internal combustion engine) vehicles by 2040, I wonder if we are going to see a new counter-trend develop.</p><p><blockquote>经济中一些重要的潜在趋势——比如二手车，价格正在上涨。它暗示了它的细节，具体的通货膨胀因素在每个价格是重要的。汽车就是一个很好的例子——我们都知道，全球芯片短缺导致汽车制造商减产并造成短缺，推高新车价格，随着消费者寻求替代品，二手车价格上涨。另一方面，新车价格多年来一直在上涨，越来越多的科技垃圾被投入汽车所证明，更高的成本是“合理的”..随着欧盟宣布到2040年将禁止新型内燃机汽车，我想知道我们是否会看到新的反趋势发展。</blockquote></p><p> To explain, consider the Land Rover:</p><p><blockquote>为了解释这一点，请考虑路虎：</blockquote></p><p> <ul>  <li>A 10 year-old low milage, full service history, Range Rover in immaculate condition may be worth £16k. A 20 year battered Defender with zero documents is worth £32k! But you can fix it with Gaffa Tape, WD40 and a hammer. (If it moves and shouldn’t: Gaffa tape it. If it still moves; more Gaffa tape. If it doesn’t move: WD40 and persuade it with a hammer.)</li> </ul> <b>However, inflation complacency may be the least of Central Bank worries. You may have spotted an increasing number of breathless articles from around the globe on House Price Inflation.</b></p><p><blockquote><ul><li>一辆拥有10年低里程、完整保养历史、状况完美的路虎揽胜可能价值1.6万英镑。一个被打了20年却没有任何证件的卫士价值3.2万英镑！但是你可以用Gaffa胶带，WD40和锤子来固定。（如果它动了，不应该：Gaffa胶带它。如果它仍然动；更多的Gaffa胶带。如果它不动：WD40并用锤子说服它。）</li></ul><b>然而，通胀自满可能是央行最不担心的问题。你可能已经发现了越来越多来自全球各地的关于房价通胀的令人窒息的文章。</b></blockquote></p><p> Everywhere on the planet the affluent classes – those with savings, who’ve done well from lockdown, and already on the property ladder – have been driving an uptick in property. Its debt fuelled and an illiquid market – no one sells till they see what they want to buy, and the ladder is actually a pyramid, with fewer assets on each successively higher rung.</p><p><blockquote>在地球上的任何地方，富裕阶层——那些有储蓄的人，那些在封锁期间过得很好，并且已经在房地产阶梯上的人——一直在推动房地产价格的上涨。它助长了债务和缺乏流动性的市场——没有人会卖出，直到他们看到他们想买的东西，阶梯实际上是一个金字塔，每一个连续更高的梯级上的资产都越来越少。</blockquote></p><p> The result is record home prices nearly everywhere. This week Powell and US Treasury Sec Janet Yellen are going to chat about it at the Financial Stability Oversight Council – a body setup post Global Financial Crisis (“GFC”) in 2010 to identify excessive risks to the US Financial System. About time.. Housing is more frothy than 2007 according to the Case-Shiller US property value index. (Incidentally… so is just about any other market…but, I;ve said that many times before..)</p><p><blockquote>结果是几乎所有地方的房价都创历史新高。本周，鲍威尔和美国财政部Sec珍妮特·耶伦(Janet Yellen)将在金融稳定监督委员会(Financial Stability Oversight Council)上谈论此事，该委员会是2010年全球金融危机(“GFC”)后成立的机构，旨在识别美国金融体系的过度风险。差不多时间了..根据Case-Shiller美国房地产价值指数，房地产泡沫比2007年更大。（顺便说一句……其他市场也是如此……但是，我以前已经说过很多次了……）</blockquote></p><p> Rightly, Janet and Jerome are concerned a second housing bubble bursting could shake the foundations of finance… again. However, this time will be different. The housing market is not vulnerable to a massive number of low-credit-score mortgagees defaulting, but to a large number of affluent middle classes suddenly finding themselves financial stretched, on a rung of the ladder they can’t afford, and sitting on negative equity when the bubble bursts.</p><p><blockquote>珍妮特和杰罗姆担心第二次房地产泡沫破裂可能会再次动摇金融的基础，这是正确的。然而，这一次会有所不同。房地产市场并不容易受到大量低信用评分抵押贷款人违约的影响，而是容易受到大量富裕中产阶级突然发现自己财务捉襟见肘，处于他们负担不起的阶梯上，并坐在负资产上泡沫破裂时。</blockquote></p><p> In the UK, we live with negative equity. In the US, you walk away. Whatever, these consumers consume less.</p><p><blockquote>在英国，我们生活在负资产中。在美国，你走开。不管怎样，这些消费者消费更少。</blockquote></p><p> The structure of the market has also changed. Banks don’t lend anymore. They broke their risks off to the investment sector. In the case of US mortgages – back to government through the Mortgage Backed Bond buyback schemes, and to the non-bank financial institutions than now finance, originate and service mortgages…</p><p><blockquote>市场的结构也发生了变化。银行不再放贷了。他们将风险转移到了投资领域。就美国抵押贷款而言——通过抵押贷款支持债券回购计划返还给政府，并返还给现在融资、发放和服务抵押贷款的非银行金融机构……</blockquote></p><p> <b>This is going to be the really big problem of the next stage of the Global Financial Crisis 2007-2031.</b>Real Assets! Smart money has been loading up on real assets on the basis they are decorrelated from the increasingly corrupted financial asset sector, but they reality is real assets from property, private equity, secured lending, aircraft, shipping, you-name-it, is now getting just as frothy as a result of all that inflation tied up in financial assets now spilling into the real economy…</p><p><blockquote><b>这将是2007-2031年全球金融危机下一阶段的真正大问题。</b>实物资产！聪明的资金一直在买入实物资产，因为它们与日益腐败的金融资产行业无关，但现实是，来自房地产、私募股权、担保贷款、飞机、航运等领域的实物资产，现在都变得越来越泡沫由于所有与金融资产相关的通货膨胀现在蔓延到实体经济……</blockquote></p><p> <b>Financial Asset Inflation has infected the real economy….</b></p><p><blockquote><b>金融资产通胀已经感染了实体经济。</b></blockquote></p><p> Time to think again… All these honourable men and women in Central Banks must dread Caesar’s ghost coming back to haunt the monetary experiment they started in 2010 going so badly wrong…</p><p><blockquote>是时候重新思考了……央行里所有这些可敬的男男女女一定害怕凯撒的鬼魂会回来困扰他们在2010年开始的货币实验，结果却出了如此严重的问题……</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/inflation-next-stage-global-financial-crisis-2007-2031\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/inflation-next-stage-global-financial-crisis-2007-2031","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122873304","content_text":"“The evil that men do lives after them; the good is oft interred with their bones; so be it with Caesar.”\nWhat Inflation? “Oh, that’s nothing to worry about, the central banks have no choice but to keep juicing markets”… The market is so focused on the short-term and ignoring the consequences of the last 10 years of QE, monetary experimentation and easy rates, that its blundering into the next crisis. Inflation matters, and has jumped from financial assets into the real economy.\nI should warn readers this morning’s porridge is going to be yet another of my irregular notes on how the Global Financial Crisis (“GFC”) which began in 2007 is still with us.. We’re just moving on to a new stage… Enjoy Chapter 384 of The Fall of Money – The GFC: 2007-2031.\nThis morning – What inflation?\nHuh? Last week the market convinced itself inflation apparentlywasn’t an issue. Yield curves flattened, bonds tightened, and even though stocks were anticipating the best-ever-earnings-season, there was absolutely nothing to worry about in terms of rising prices… Apparently…\nApparentlyand Absolutely are two very dangerous words in finance… They raise the likelihood you’ve got it completely wrong, ie: Apparently you couldn’t lose, but you did… Returns were Absolutelyguaranteed.. till the company went burst.\nAs we’ve learn’t this morning UK Inflation has risen to 2.5% – raising the prospect of a letter from the Bank explaining why. The headline US CPI data yesterday was even stronger – 5.4% yoy, and 0.9% over the last month! That’s not quite Zimbabwe but… you get the drift… When it happens in Europe… well the Germans are going to have a monumental hissy fit. (Top investment tip: stay long wheelbarrows.)\nInflation matters. Its critical to bonds and long-term returns. The market should look like it’s been slapped with the Wet-Halibut of Rampant Inflation, but, it doesn’t seem to have learnt the lesson. This morning, the financial-commentariat is awash with analysis of how the Fed, BoE and ECB will all hold off from any hint of “taper” response to inflation, in order to keep frothy markets from collapsing.\nFed-Watching used to be the delicate art of understanding the indecipherable nuances of Fed-Speak, forensically dissecting the commentary and numbers and drawing conclusions based on a clear understanding of what was left unsaid and the Fed’s mandate.\nNot today.\nFed watching today is about understanding how Jerome Powell and his merry gang are now hamstrung and tripping over themselves about not spooking markets over rate rises, taper-talk or doing anything that might unwind what they’ve being doing the last 12 years – frothing markets with unlimited QE, inappropriate rates, regulation and spin.\nThe brutal reality is the Central Bankers, who are all honourable men and women, understand the levers they pull no longer function as they once did. Why? Well, these honourable men and women have broken the system as a consequence of their actions. Oops. Now they have no choice but to follow.. which means trouble ahead until the global financial system can be resolved.\nThe start reality is Central Banks have no answer to inflation except to hope and carry on. They are caught between the Scylla of Inflation and the Charybdis of a market collapse. Eek! Which is why so many analysts are confident the markets will win out and keep going higher – because central banks have little choice but to go with it and keep up the stimulus.\nMost of the market is fixated on what the S&P does this afternoon, what new high the NASDAQ will make this month, or where Amazon is going to top this quarter. They have the vision of a blind man when it comes to anything much beyond the end of their one-year time horizon. Even the bond market seems blind.\nThe reality is investment should be about the long term. If you ignore the future in favour of short-term gains its makes it very easy to dismiss the evidence… that inflation is actually a very, very real issue..\nLots of smart non-financial assets funds do understand that, and see just how horribly distorted markets have become. That’s why they are so keen to diversify out of corrupted financial assets and into real assets – the hot part of the market (and what I’ve been doing in Alternative Assets for the last 12 years.)\nGoing back to inflation, the outlook is complex – another reason such a large part of the financial blogosphere is ignoring it. For instance; it’s possible to argue the rise in commodity prices is a factor of hoarding; manufacturers anticipating a surge Covid recovery and preparing for massive post-pandemic demand. The spikes in commodities from Copper to Lumber are now in reverse – supporting the market’s contention the inflation number is something of an overshoot.\nOil is an outlier.OPEC is a monopoly price setter, but is going through yet another of its periodic organisational crisis resulting in a spike that’s proving difficult to hedge. Owning oil is not a pleasant outcome for anyone – as we saw last year when traders found themselves owning negative priced oil when storage was unavailable.\nSome of the important underlying trends in the economy – like used cars, where prices are rising. It hints that its details of specific inflation factors in each price that are important. Cars are a good example – we’re all aware of the global shortage of chips enabling car makers to cut production and create scarcity, pushing up new car prices, dragging second hand values higher as consumers seek alternatives.  On the other hand – new car prices have been rising for years, with higher costs “justified” by the increasing amount of tech junk put into cars.. As the EU announces it will outlaw new ICE (internal combustion engine) vehicles by 2040, I wonder if we are going to see a new counter-trend develop.\nTo explain, consider the Land Rover:\n\nA 10 year-old low milage, full service history, Range Rover in immaculate condition may be worth £16k. A 20 year battered Defender with zero documents is worth £32k! But you can fix it with Gaffa Tape, WD40 and a hammer. (If it moves and shouldn’t: Gaffa tape it. If it still moves; more Gaffa tape. If it doesn’t move: WD40 and persuade it with a hammer.)\n\nHowever, inflation complacency may be the least of Central Bank worries. You may have spotted an increasing number of breathless articles from around the globe on House Price Inflation.\nEverywhere on the planet the affluent classes – those with savings, who’ve done well from lockdown, and already on the property ladder – have been driving an uptick in property. Its debt fuelled and an illiquid market – no one sells till they see what they want to buy, and the ladder is actually a pyramid, with fewer assets on each successively higher rung.\nThe result is record home prices nearly everywhere. This week Powell and US Treasury Sec Janet Yellen are going to chat about it at the Financial Stability Oversight Council – a body setup post Global Financial Crisis (“GFC”) in 2010 to identify excessive risks to the US Financial System. About time.. Housing is more frothy than 2007 according to the Case-Shiller US property value index. (Incidentally… so is just about any other market…but, I;ve said that many times before..)\nRightly, Janet and Jerome are concerned a second housing bubble bursting could shake the foundations of finance… again. However, this time will be different. The housing market is not vulnerable to a massive number of low-credit-score mortgagees defaulting, but to a large number of affluent middle classes suddenly finding themselves financial stretched, on a rung of the ladder they can’t afford, and sitting on negative equity when the bubble bursts.\nIn the UK, we live with negative equity. In the US, you walk away. Whatever, these consumers consume less.\nThe structure of the market has also changed. Banks don’t lend anymore. They broke their risks off to the investment sector. In the case of US mortgages – back to government through the Mortgage Backed Bond buyback schemes, and to the non-bank financial institutions than now finance, originate and service mortgages…\nThis is going to be the really big problem of the next stage of the Global Financial Crisis 2007-2031.Real Assets! Smart money has been loading up on real assets on the basis they are decorrelated from the increasingly corrupted financial asset sector, but they reality is real assets from property, private equity, secured lending, aircraft, shipping, you-name-it, is now getting just as frothy as a result of all that inflation tied up in financial assets now spilling into the real economy…\nFinancial Asset Inflation has infected the real economy….\nTime to think again… All these honourable men and women in Central Banks must dread Caesar’s ghost coming back to haunt the monetary experiment they started in 2010 going so badly wrong…","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177211151,"gmtCreate":1627222288173,"gmtModify":1633767072728,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Very likely as Industry Leader","listText":"Very likely as Industry Leader","text":"Very likely as Industry Leader","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/177211151","repostId":"1115106146","repostType":4,"isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144921256,"gmtCreate":1626262969375,"gmtModify":1633928535765,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Pent-up demand, economy opening up, more traveling, growth&nbsp;expectation","listText":"Pent-up demand, economy opening up, more traveling, growth&nbsp;expectation","text":"Pent-up demand, economy opening up, more traveling, growth expectation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/144921256","repostId":"1122300953","repostType":4,"isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155883855,"gmtCreate":1625400782277,"gmtModify":1633940937734,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Sector rotation in play","listText":"Sector rotation in play","text":"Sector rotation in play","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/155883855","repostId":"1189605893","repostType":4,"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895960796,"gmtCreate":1628712810415,"gmtModify":1633744980634,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Money printer keep rolling to support all these plans","listText":"Money printer keep rolling to support all these plans","text":"Money printer keep rolling to support all these plans","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/895960796","repostId":"1174390234","repostType":4,"isVote":1,"tweetType":1,"viewCount":1778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143277253,"gmtCreate":1625798660672,"gmtModify":1633937196379,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Uptrend. Going strong. Keep it up.","listText":"Uptrend. Going strong. Keep it up.","text":"Uptrend. Going strong. Keep it up.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143277253","repostId":"1195657546","repostType":4,"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812467758,"gmtCreate":1630611099374,"gmtModify":1631888666909,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Don't take News too seriously. Doing your own due diligence is most important.","listText":"Don't take News too seriously. Doing your own due diligence is most important.","text":"Don't take News too seriously. Doing your own due diligence is most important.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/812467758","repostId":"2164821842","repostType":4,"isVote":1,"tweetType":1,"viewCount":1466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805006144,"gmtCreate":1627817285288,"gmtModify":1633756154884,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"It's not question of if but when the big correction is coming.","listText":"It's not question of if but when the big correction is coming.","text":"It's not question of if but when the big correction is coming.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/805006144","repostId":"1142925544","repostType":4,"repost":{"id":"1142925544","kind":"news","pubTimestamp":1627787240,"share":"https://www.laohu8.com/m/news/1142925544?lang=zh_CN&edition=full","pubTime":"2021-08-01 11:07","market":"us","language":"en","title":"Investors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year<blockquote>投资者当心！股市正在进入今年最危险的时期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1142925544","media":"Barron's","summary":"“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970","content":"<p>“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970s, recalling pleasant times at the beach or by the barbecue. No need to remind anyone back then of droughts, wildfires, or Covid-19 surges that are unfortunate features of the steamy season this year.</p><p><blockquote>“是的，现在是夏天，我一年中的这个时候，”乐队唱着20世纪70年代的金色老歌《夏天》，回忆着在海滩或烧烤时的愉快时光。没有必要提醒当时的任何人干旱、野火或新冠肺炎激增，这些都是今年潮湿季节的不幸特征。</blockquote></p><p> But the coming of August also means entering what historically has been the most treacherous stretch of the year for stocks, according to data going back to 1928 compiled by Bank of America analyst Stephen Suttmeier. He finds that theS&amp;P 500index had a negative return averaging 0.03% in August, September, and October—the worst three-month span of the year for the big-cap benchmark. In fact, they constitute the only three-month period that averages in the red.</p><p><blockquote>但根据美国银行分析师斯蒂芬·萨特迈尔(Stephen Suttmeier)汇编的1928年以来的数据，8月的到来也意味着股市将进入历史上一年中最危险的时期。他发现标准普尔500指数在8月、9月和10月的平均回报率为0.03%，这是大盘股基准今年最糟糕的三个月。事实上，它们构成了唯一平均亏损的三个月期间。</blockquote></p><p> August actually is bracketed by the best and worst months of the year, he adds in a research note. July averages a 1.58% return on the S&amp;P 500, with positive results 59.1% of the time, while September averages a negative 1.03%, ending in the plus column less than half of the time, or 45%.</p><p><blockquote>他在一份研究报告中补充道，八月实际上是一年中最好和最差的月份。7月份标普500的平均回报率为1.58%，其中59.1%的时间为正，而9月份的平均回报率为负1.03%，只有不到一半的时间（即45%）出现在正栏中。</blockquote></p><p> This July did even better than the norm, with the S&amp;P 500 gaining 2.27%. It also was the sixth consecutive up month for the index—the longest positive streak since September 2018, according to Dow Jones’ statistical mavens. During that period, its cumulative advance was 18.34%.</p><p><blockquote>今年7月的表现甚至好于正常水平，标普500上涨了2.27%。根据道琼斯统计专家的数据，这也是该指数连续第六个月上涨，这是自2018年9月以来最长的连续上涨。在此期间，其累计预付款为18.34%。</blockquote></p><p> August’s record is in between, with an average 0.70% S&amp;P 500 return and positive results 58.1% of the time, marking a transition from the “summer rip” to the “fall dip.”</p><p><blockquote>8月份的记录介于两者之间，平均标普500回报率为0.70%，58.1%的时间为积极结果，标志着从“夏季暴跌”到“秋季暴跌”的转变。</blockquote></p><p> Not surprisingly, the laggard returns of the August-October period are accompanied by an uptick in volatility, Suttmeier finds. Based on records going back to 1992, theCboe Volatility Index,or VIX, has often seen spikes during those months, following relatively subdued volatility in the April-July period.</p><p><blockquote>Suttmeier发现，毫不奇怪，8月至10月期间的落后回报伴随着波动性的上升。根据1992年以来的记录，芝加哥期权交易所波动率指数(VIX)在4月至7月期间波动性相对较低后，在这几个月经常出现飙升。</blockquote></p><p> Past isn’t necessarily prologue, but if it is, the timing of the initial public offering byRobinhood Markets(ticker: HOOD) might prove propitious, if the stock market does have its typical seasonal rough patch. The online broker, whose putative mission is to open investing to novices supposedly ignored by established outfits, sold 55 million shares at $38 on Thursday. In the process, it provided a valuable lesson to all those who got in on the IPO: Buy low and sell high.</p><p><blockquote>过去不一定是序幕，但如果是，如果股市确实经历了典型的季节性艰难时期，Robinhood Markets（股票代码：HOOD）首次公开募股的时机可能会被证明是有利的。这家在线经纪商的假定使命是向据称被老牌机构忽视的新手开放投资，周四以38美元的价格出售了5500万股股票。在这个过程中，它为所有参与IPO的人提供了宝贵的一课：低买高卖。</blockquote></p><p> The company evidently fulfilled the latter imperative, selling its shares high, even though they were priced at the low end of the expected $38-$42 range. Their price sank 8.4% on their first day of trading, although they recouped a bit on Friday. By week’s end, buyers of Robinhood’s IPO who held were down 7.5%.</p><p><blockquote>该公司显然满足了后一项要求，高价出售其股票，尽管它们的定价处于预期38美元至42美元范围的低端。尽管周五有所回升，但其价格在首日交易中下跌了8.4%。截至本周末，持有Robinhood IPO的买家数量下降了7.5%。</blockquote></p><p> Among those who sold high were the company’s co-founders, CEO Vladimir Tenev and Chief Creative Officer Baiju Bhatt, who each offloaded 1.25 million shares in the IPO. As my illustrious predecessor, Alan Abelson, liked to observe, there are many good reasons to sell a stock, but expecting it to go up isn’t one of them. That has never been more true, given the ability of rich owners to monetize their assets by borrowing against them cheaply, and without incurring capital-gains taxes.</p><p><blockquote>卖出高价的人包括该公司的联合创始人、首席执行官弗拉基米尔·特涅夫(Vladimir Tenev)和首席创意官白菊·巴特(Baiju Bhatt)，他们在IPO中每人抛售了125万股。正如我杰出的前任艾伦·阿贝尔森（Alan Abelson）喜欢观察的那样，卖出股票有很多好的理由，但期望它上涨并不是其中之一。考虑到富有的所有者有能力通过廉价借贷将其资产货币化，并且无需缴纳资本利得税，这一点从未像现在这样真实。</blockquote></p><p> To be sure, Tenev and Bhatt still have significant stakes in Robinhood. Asour colleague Avi Salzman reported, these were worth $2.5 billion at the initial offering price, and Tenev and Bhatt retain voting control. The two also could receive awards of shares worth as much as $6.7 billion for Tenev and $4 billion for Bhatt, if the stock hits $300, or nearly the proverbial ten-bagger from here.</p><p><blockquote>可以肯定的是，特涅夫和巴特仍然在罗宾汉拥有大量股份。正如我们的同事Avi Salzman报道的那样，按首次发行价计算，这些股票价值25亿美元，Tenev和Bhatt保留了投票权。如果股价达到300美元，或者接近众所周知的十倍，两人还可以获得Tenev价值高达67亿美元的股票奖励，Bhatt价值40亿美元的股票奖励。</blockquote></p><p> But in a blow against income inequality, the potential billionaire pair took symbolic pay cuts, to $34,248, the average annual wage of American workers. As the comedian Yakov Smirnoff likes to say, “What a country!”</p><p><blockquote>但为了打击收入不平等，这对潜在的亿万富翁夫妇象征性地减薪至34,248美元，这是美国工人的平均年薪。正如喜剧演员雅科夫·斯米尔诺夫喜欢说的：“多好的国家啊！”</blockquote></p><p> How those workers are faring will be a subject of the monthly employment report slated for release this coming Friday.</p><p><blockquote>这些工人的状况将成为定于本周五发布的月度就业报告的主题。</blockquote></p><p> Economists’ forecasts for nonfarm payrolls center around a gain of 900,000. Jefferies economists Aneta Markowska and Thomas Simons estimate that the increase could top the long-anticipated one million mark; they forecast 1.2 million.</p><p><blockquote>经济学家对非农就业人数的预测约为90万人。杰富瑞(Jefferies)经济学家Aneta Markowska和Thomas Simons估计，增幅可能会突破期待已久的100万大关；他们预测有120万。</blockquote></p><p> Markowska and Simons think the expiration of supplemental unemployment benefits in some states will boost the labor supply, although that is a matter of significant debate. (For more on the jobs market, seethis week’s cover story.)</p><p><blockquote>Markowska和Simons认为，一些州补充失业救济金的到期将增加劳动力供应，尽管这是一个有重大争议的问题。（有关就业市场的更多信息，请参阅本周的封面故事。）</blockquote></p><p></p>","source":"lsy1610680873436","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>Investors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year<blockquote>投资者当心！股市正在进入今年最危险的时期</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\">\nInvestors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year<blockquote>投资者当心！股市正在进入今年最危险的时期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-08-01 11:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970s, recalling pleasant times at the beach or by the barbecue. No need to remind anyone back then of droughts, wildfires, or Covid-19 surges that are unfortunate features of the steamy season this year.</p><p><blockquote>“是的，现在是夏天，我一年中的这个时候，”乐队唱着20世纪70年代的金色老歌《夏天》，回忆着在海滩或烧烤时的愉快时光。没有必要提醒当时的任何人干旱、野火或新冠肺炎激增，这些都是今年潮湿季节的不幸特征。</blockquote></p><p> But the coming of August also means entering what historically has been the most treacherous stretch of the year for stocks, according to data going back to 1928 compiled by Bank of America analyst Stephen Suttmeier. He finds that theS&amp;P 500index had a negative return averaging 0.03% in August, September, and October—the worst three-month span of the year for the big-cap benchmark. In fact, they constitute the only three-month period that averages in the red.</p><p><blockquote>但根据美国银行分析师斯蒂芬·萨特迈尔(Stephen Suttmeier)汇编的1928年以来的数据，8月的到来也意味着股市将进入历史上一年中最危险的时期。他发现标准普尔500指数在8月、9月和10月的平均回报率为0.03%，这是大盘股基准今年最糟糕的三个月。事实上，它们构成了唯一平均亏损的三个月期间。</blockquote></p><p> August actually is bracketed by the best and worst months of the year, he adds in a research note. July averages a 1.58% return on the S&amp;P 500, with positive results 59.1% of the time, while September averages a negative 1.03%, ending in the plus column less than half of the time, or 45%.</p><p><blockquote>他在一份研究报告中补充道，八月实际上是一年中最好和最差的月份。7月份标普500的平均回报率为1.58%，其中59.1%的时间为正，而9月份的平均回报率为负1.03%，只有不到一半的时间（即45%）出现在正栏中。</blockquote></p><p> This July did even better than the norm, with the S&amp;P 500 gaining 2.27%. It also was the sixth consecutive up month for the index—the longest positive streak since September 2018, according to Dow Jones’ statistical mavens. During that period, its cumulative advance was 18.34%.</p><p><blockquote>今年7月的表现甚至好于正常水平，标普500上涨了2.27%。根据道琼斯统计专家的数据，这也是该指数连续第六个月上涨，这是自2018年9月以来最长的连续上涨。在此期间，其累计预付款为18.34%。</blockquote></p><p> August’s record is in between, with an average 0.70% S&amp;P 500 return and positive results 58.1% of the time, marking a transition from the “summer rip” to the “fall dip.”</p><p><blockquote>8月份的记录介于两者之间，平均标普500回报率为0.70%，58.1%的时间为积极结果，标志着从“夏季暴跌”到“秋季暴跌”的转变。</blockquote></p><p> Not surprisingly, the laggard returns of the August-October period are accompanied by an uptick in volatility, Suttmeier finds. Based on records going back to 1992, theCboe Volatility Index,or VIX, has often seen spikes during those months, following relatively subdued volatility in the April-July period.</p><p><blockquote>Suttmeier发现，毫不奇怪，8月至10月期间的落后回报伴随着波动性的上升。根据1992年以来的记录，芝加哥期权交易所波动率指数(VIX)在4月至7月期间波动性相对较低后，在这几个月经常出现飙升。</blockquote></p><p> Past isn’t necessarily prologue, but if it is, the timing of the initial public offering byRobinhood Markets(ticker: HOOD) might prove propitious, if the stock market does have its typical seasonal rough patch. The online broker, whose putative mission is to open investing to novices supposedly ignored by established outfits, sold 55 million shares at $38 on Thursday. In the process, it provided a valuable lesson to all those who got in on the IPO: Buy low and sell high.</p><p><blockquote>过去不一定是序幕，但如果是，如果股市确实经历了典型的季节性艰难时期，Robinhood Markets（股票代码：HOOD）首次公开募股的时机可能会被证明是有利的。这家在线经纪商的假定使命是向据称被老牌机构忽视的新手开放投资，周四以38美元的价格出售了5500万股股票。在这个过程中，它为所有参与IPO的人提供了宝贵的一课：低买高卖。</blockquote></p><p> The company evidently fulfilled the latter imperative, selling its shares high, even though they were priced at the low end of the expected $38-$42 range. Their price sank 8.4% on their first day of trading, although they recouped a bit on Friday. By week’s end, buyers of Robinhood’s IPO who held were down 7.5%.</p><p><blockquote>该公司显然满足了后一项要求，高价出售其股票，尽管它们的定价处于预期38美元至42美元范围的低端。尽管周五有所回升，但其价格在首日交易中下跌了8.4%。截至本周末，持有Robinhood IPO的买家数量下降了7.5%。</blockquote></p><p> Among those who sold high were the company’s co-founders, CEO Vladimir Tenev and Chief Creative Officer Baiju Bhatt, who each offloaded 1.25 million shares in the IPO. As my illustrious predecessor, Alan Abelson, liked to observe, there are many good reasons to sell a stock, but expecting it to go up isn’t one of them. That has never been more true, given the ability of rich owners to monetize their assets by borrowing against them cheaply, and without incurring capital-gains taxes.</p><p><blockquote>卖出高价的人包括该公司的联合创始人、首席执行官弗拉基米尔·特涅夫(Vladimir Tenev)和首席创意官白菊·巴特(Baiju Bhatt)，他们在IPO中每人抛售了125万股。正如我杰出的前任艾伦·阿贝尔森（Alan Abelson）喜欢观察的那样，卖出股票有很多好的理由，但期望它上涨并不是其中之一。考虑到富有的所有者有能力通过廉价借贷将其资产货币化，并且无需缴纳资本利得税，这一点从未像现在这样真实。</blockquote></p><p> To be sure, Tenev and Bhatt still have significant stakes in Robinhood. Asour colleague Avi Salzman reported, these were worth $2.5 billion at the initial offering price, and Tenev and Bhatt retain voting control. The two also could receive awards of shares worth as much as $6.7 billion for Tenev and $4 billion for Bhatt, if the stock hits $300, or nearly the proverbial ten-bagger from here.</p><p><blockquote>可以肯定的是，特涅夫和巴特仍然在罗宾汉拥有大量股份。正如我们的同事Avi Salzman报道的那样，按首次发行价计算，这些股票价值25亿美元，Tenev和Bhatt保留了投票权。如果股价达到300美元，或者接近众所周知的十倍，两人还可以获得Tenev价值高达67亿美元的股票奖励，Bhatt价值40亿美元的股票奖励。</blockquote></p><p> But in a blow against income inequality, the potential billionaire pair took symbolic pay cuts, to $34,248, the average annual wage of American workers. As the comedian Yakov Smirnoff likes to say, “What a country!”</p><p><blockquote>但为了打击收入不平等，这对潜在的亿万富翁夫妇象征性地减薪至34,248美元，这是美国工人的平均年薪。正如喜剧演员雅科夫·斯米尔诺夫喜欢说的：“多好的国家啊！”</blockquote></p><p> How those workers are faring will be a subject of the monthly employment report slated for release this coming Friday.</p><p><blockquote>这些工人的状况将成为定于本周五发布的月度就业报告的主题。</blockquote></p><p> Economists’ forecasts for nonfarm payrolls center around a gain of 900,000. Jefferies economists Aneta Markowska and Thomas Simons estimate that the increase could top the long-anticipated one million mark; they forecast 1.2 million.</p><p><blockquote>经济学家对非农就业人数的预测约为90万人。杰富瑞(Jefferies)经济学家Aneta Markowska和Thomas Simons估计，增幅可能会突破期待已久的100万大关；他们预测有120万。</blockquote></p><p> Markowska and Simons think the expiration of supplemental unemployment benefits in some states will boost the labor supply, although that is a matter of significant debate. (For more on the jobs market, seethis week’s cover story.)</p><p><blockquote>Markowska和Simons认为，一些州补充失业救济金的到期将增加劳动力供应，尽管这是一个有重大争议的问题。（有关就业市场的更多信息，请参阅本周的封面故事。）</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-news-robinhood-sp500-51627692215?mod=hp_LATEST\">Barron's</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stocks-news-robinhood-sp500-51627692215?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142925544","content_text":"“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970s, recalling pleasant times at the beach or by the barbecue. No need to remind anyone back then of droughts, wildfires, or Covid-19 surges that are unfortunate features of the steamy season this year.\nBut the coming of August also means entering what historically has been the most treacherous stretch of the year for stocks, according to data going back to 1928 compiled by Bank of America analyst Stephen Suttmeier. He finds that theS&P 500index had a negative return averaging 0.03% in August, September, and October—the worst three-month span of the year for the big-cap benchmark. In fact, they constitute the only three-month period that averages in the red.\nAugust actually is bracketed by the best and worst months of the year, he adds in a research note. July averages a 1.58% return on the S&P 500, with positive results 59.1% of the time, while September averages a negative 1.03%, ending in the plus column less than half of the time, or 45%.\nThis July did even better than the norm, with the S&P 500 gaining 2.27%. It also was the sixth consecutive up month for the index—the longest positive streak since September 2018, according to Dow Jones’ statistical mavens. During that period, its cumulative advance was 18.34%.\nAugust’s record is in between, with an average 0.70% S&P 500 return and positive results 58.1% of the time, marking a transition from the “summer rip” to the “fall dip.”\nNot surprisingly, the laggard returns of the August-October period are accompanied by an uptick in volatility, Suttmeier finds. Based on records going back to 1992, theCboe Volatility Index,or VIX, has often seen spikes during those months, following relatively subdued volatility in the April-July period.\nPast isn’t necessarily prologue, but if it is, the timing of the initial public offering byRobinhood Markets(ticker: HOOD) might prove propitious, if the stock market does have its typical seasonal rough patch. The online broker, whose putative mission is to open investing to novices supposedly ignored by established outfits, sold 55 million shares at $38 on Thursday. In the process, it provided a valuable lesson to all those who got in on the IPO: Buy low and sell high.\nThe company evidently fulfilled the latter imperative, selling its shares high, even though they were priced at the low end of the expected $38-$42 range. Their price sank 8.4% on their first day of trading, although they recouped a bit on Friday. By week’s end, buyers of Robinhood’s IPO who held were down 7.5%.\nAmong those who sold high were the company’s co-founders, CEO Vladimir Tenev and Chief Creative Officer Baiju Bhatt, who each offloaded 1.25 million shares in the IPO. As my illustrious predecessor, Alan Abelson, liked to observe, there are many good reasons to sell a stock, but expecting it to go up isn’t one of them. That has never been more true, given the ability of rich owners to monetize their assets by borrowing against them cheaply, and without incurring capital-gains taxes.\nTo be sure, Tenev and Bhatt still have significant stakes in Robinhood. Asour colleague Avi Salzman reported, these were worth $2.5 billion at the initial offering price, and Tenev and Bhatt retain voting control. The two also could receive awards of shares worth as much as $6.7 billion for Tenev and $4 billion for Bhatt, if the stock hits $300, or nearly the proverbial ten-bagger from here.\nBut in a blow against income inequality, the potential billionaire pair took symbolic pay cuts, to $34,248, the average annual wage of American workers. As the comedian Yakov Smirnoff likes to say, “What a country!”\nHow those workers are faring will be a subject of the monthly employment report slated for release this coming Friday.\nEconomists’ forecasts for nonfarm payrolls center around a gain of 900,000. Jefferies economists Aneta Markowska and Thomas Simons estimate that the increase could top the long-anticipated one million mark; they forecast 1.2 million.\nMarkowska and Simons think the expiration of supplemental unemployment benefits in some states will boost the labor supply, although that is a matter of significant debate. (For more on the jobs market, seethis week’s cover story.)","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":698,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170119743,"gmtCreate":1626411259482,"gmtModify":1633926974102,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"Cannot&nbsp;just depend on&nbsp;news. Still must do&nbsp;own due diligence because it's your own money at stake when investing.","listText":"Cannot&nbsp;just depend on&nbsp;news. Still must do&nbsp;own due diligence because it's your own money at stake when investing.","text":"Cannot just depend on news. Still must do own due diligence because it's your own money at stake when investing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/170119743","repostId":"1131457770","repostType":4,"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839784920,"gmtCreate":1629182218660,"gmtModify":1633686751644,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"More enforcement meaning more FUD, price will&nbsp;swing more wildly. Stay safe.&nbsp;","listText":"More enforcement meaning more FUD, price will&nbsp;swing more wildly. Stay safe.&nbsp;","text":"More enforcement meaning more FUD, price will swing more wildly. Stay safe.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839784920","repostId":"1147138826","repostType":4,"isVote":1,"tweetType":1,"viewCount":1381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899357629,"gmtCreate":1628163748561,"gmtModify":1633753042102,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"I still think&nbsp;price action and follow the trend is more important.","listText":"I still think&nbsp;price action and follow the trend is more important.","text":"I still think price action and follow the trend is more important.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899357629","repostId":"1105489937","repostType":4,"repost":{"id":"1105489937","kind":"news","pubTimestamp":1628155377,"share":"https://www.laohu8.com/m/news/1105489937?lang=zh_CN&edition=full","pubTime":"2021-08-05 17:22","market":"us","language":"en","title":"Goldman's Top 13 Charts For The Month Of August<blockquote>高盛8月份前13名图表</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105489937","media":"zerohedge","summary":"The start of a new month means that Goldman's flow traders need a new set of exciting ideas and trad","content":"<p>The start of a new month means that Goldman's flow traders need a new set of exciting ideas and trades to dangle before their clients, and that's just what Goldman traders Scott Rubner, Matthew Fleury, Matthieu Martal , Kavita Vaja, and Jonas Bovbjerg are doing by putting together the following 13 charts that capture some of the best ideas and trade recos emerging from the world's most powerful trading desk.</p><p><blockquote>新的一个月的开始意味着高盛的流量交易员需要一套新的令人兴奋的想法和交易摆在他们的客户面前，这正是高盛交易员Scott Rubner、Matthew Fleury、Matthieu Martal、Kavita Vaja和Jonas Bovbjerg正在做的事情，他们将以下13张图表放在一起，捕捉了来自世界上最强大的交易台的一些最佳想法和交易记录。</blockquote></p><p> <b>1. \"If you are a stock picker watching earnings prints you are likely fully engaged this week.</b>This week will be peak liquidity for the rest of the summer. Vacation or extended vacation schedules officially kick off next week after earnings season. As we sit right now. Liquidity is at the highs into a busy week\"</p><p><blockquote><b>1.“如果您是一名关注财报的选股者，本周您可能会全神贯注。</b>本周将是夏季剩余时间的流动性高峰。假期或延长假期计划将于下周财报季后正式开始。就像我们现在坐的那样。流动性处于高位，进入繁忙的一周”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7085a22959ed7e6fdb8e3dfe125c1d20\" tg-width=\"650\" tg-height=\"450\" referrerpolicy=\"no-referrer\"><b>2. \"I think equities would be fine with higher yields</b>- the negative correlation of SPX &amp; NDX with the 30yr has turned positive again. Higher yields are much less of a problem than they were earlier this year\"</p><p><blockquote><b>2.“我认为股票收益率较高会很好</b>-SPX和NDX与30年期的负相关性再次转为正相关性。与今年早些时候相比，较高的收益率问题要小得多”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e5c5950acc89489fb308d300c3dc20f\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>3.</b>\"<b>China Regulation:</b>&nbsp;As the regulatory pressure on China's leading offshore internet &amp; education firms has increased in recent weeks, tech hardware companies listed onshore have outperformed the Chinese market. With the broader Chinese economy still in a growth phase (with Chinese equities historically displaying 22% return over 15months, entirely driven by earnings re-rating), and earnings revisions outside of the internet sector higher year to date (MSCI China ex Internet EPS up +5% vs China Internet EPS down -22% YTD), this basket is designed to benefit from the expansion of China's high tech manufacturing capabilities. For the first time in 5 years we have seen a meaningful divergence between HK and China listed Tech. ADRs have consistently underperformed.\"</p><p><blockquote><b>3.</b>\"<b>中国法规：</b>最近几周，随着中国领先的离岸互联网和教育公司面临的监管压力加大，在境内上市的科技硬件公司的表现优于中国市场。由于更广泛的中国经济仍处于增长阶段（中国股市在15个月内的回报率为22%，完全是由盈利重新评级推动的），以及今年迄今为止互联网行业以外的盈利修正较高（MSCI中国除外互联网每股收益上涨+5%，而中国互联网每股收益年初至今下降-22%），该篮子旨在受益于中国高科技制造能力的扩张。五年来，我们首次看到香港和中国上市科技公司之间存在显着差异。美国存托凭证的表现一直不佳。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9b5efa9b164299c0081319274ad88464\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>4. Implied dispersion levels have structurally reset higher over the past 5Y in Europe &amp; US.</b></p><p><blockquote><b>4.在过去的5年里，欧洲和美国的隐含离差水平结构性地重置为更高。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/8dd483873504d2edb4cce8ab9f3dca03\" tg-width=\"594\" tg-height=\"440\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>5. Dispersion performance has been stable due to rising realized levels over the same period</b></p><p><blockquote><b>5.由于同期实现水平上升，分散性能一直稳定</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/8dd483873504d2edb4cce8ab9f3dca03\" tg-width=\"594\" tg-height=\"440\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>6. SX5E 1Y Vega neutral dispersion offered defensives properties in GFC &amp; COVID due to realized volatility spikes.</b></p><p><blockquote><b>6.由于实现了波动性峰值，SX5E 1Y Vega中性分散体在GFC和COVID中提供了防御特性。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/828358d146ae81f8416d3e6260df9471\" tg-width=\"606\" tg-height=\"434\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>7. Index implied volatility has reset sharply lower pre- and post-COVID,</b>which has contributed to rising implied entry levels for dispersion. However, the compression of index realized volatility since the US elections has maintained stable dispersion performance from the index leg. SX5E 1Y Dispersion performance has been stable due to contribution from both index and single-stock legs.</p><p><blockquote><b>7.指数隐含波动率在新冠疫情前后大幅降低，</b>这导致了离散的隐含进入水平的上升。然而，自美国大选以来指数已实现波动率的压缩使指数腿保持了稳定的分散表现。由于指数和个股的贡献，SX5E 1Y分散表现一直稳定。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f79d93d1babf3fbcd8240888633b008f\" tg-width=\"600\" tg-height=\"438\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>8. The fall in index implied volatility in recent years can be partly explained by the sharp fall in index implied correlation levels as well as falling demand for upside call options in European equities.</b>Market-implied average single-stock correlation shows that whilst index implied volatility has fallen since 2015 and again post-COVID, driving the implied dispersion entry level higher, this has coincided with a sharp fall in implied correlation levels over the same period. Therefore, dispersion strategies which sell expensive implied correlation have continued to perform well despite higher implied dispersion entry levels. SX5E 1Y implied correlation has fallen more than index implied volatility levels.</p><p><blockquote><b>8.近年来指数隐含波动率下降的部分原因是指数隐含相关性水平急剧下降，以及欧洲股票对上行看涨期权期权的需求下降。</b>市场隐含平均个股相关性显示，虽然指数隐含波动率自2015年以来下降，并在COVID后再次下降，推动隐含离差进入水平上升，但这与同期隐含相关性水平急剧下降相吻合。因此，尽管隐含离差进入水平较高，但出售昂贵的隐含相关性的离差策略继续表现良好。SX5E 1Y隐含相关性的跌幅超过了指数隐含波动率水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6c4e4fd3d5c2103c572126ee034d92ee\" tg-width=\"600\" tg-height=\"435\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>9. Correlation of returns on t vs t-1 is deeply negative in SX5E</b></p><p><blockquote><b>9.在SX5E中，t与t-1的回报相关性非常负</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/999e9e1449cc5df8c196025b2f68b08b\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p><p> <b>10. Despite the spread trading off the lower values during the post-Mar20 period, it remains at historical lows (18th percentile vs. past 5y).</b>The recent pick up in realized spread should support the forward vol level as we roll into the spot spread. Term-structure roll is favorable due to the steepness of the SPX term structure (~0.5v positive carry over the next 3m, everything else remaining equal). The spot spread gets delivered in December at extreme lows, &gt;3v below current 6m realized.</p><p><blockquote><b>10.尽管利差在2020年3月后期间脱离了较低的值，但仍处于历史低点（第18个百分点与过去5年相比）。</b>随着我们进入现货价差，最近已实现价差的回升应该会支撑远期成交量水平。由于SPX期限结构的陡度（在接下来的3m上约0.5 V正进位，其他条件保持不变），期限结构滚动是有利的。现货价差在12月份以极低的价格交付，比当前实现的6m低3v以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9641a36f2830851d562be4216ceea61e\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>11. Significant roll-up in the SX5E-SPX spread</b></p><p><blockquote><b>11.SX5E-SPX价差大幅上涨</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e03effca5987dae6fb8b74a564e750e\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>12. Realized correlation between broader market vs. Momentum vs. EU Cyclicals/Defensives</b></p><p><blockquote><b>12.大盘与动量与欧盟周期性/防御性之间已实现的相关性</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e03effca5987dae6fb8b74a564e750e\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>13. VOW3 term structure has materially flattened over the past year</b>(<b>red</b>&nbsp;vs.<b>grey</b>), driven by a combination of call overwriting in the front-end and more recently, long-dated upside options buyers. Implied volatility has also recently reset lower across the curve (<b>red</b>&nbsp;vs.<b>navy</b>) and the skew is flat/call skew is inverted. Therefore, consider owning long-dated upside call spreads which offer a high max. payout ratio (chart 4,<b>navy</b>) where you sell a call 3v higher (<b>grey</b>) than where you buy a call.</p><p><blockquote><b>13.VOW3期限结构在过去一年中基本持平</b>(<b>红色</b>vs.<b>灰色</b>），受到前端看涨期权覆盖和最近长期上行期权买家的共同推动。隐含波动率最近也在曲线上重置较低（<b>红色</b>vs.<b>海军</b>)并且偏斜是平的/看涨期权偏斜是反的。因此，考虑持有长期上行看涨期权利差，它提供了很高的最大派息率（图4，<b>海军</b>)哪里有卖看涨期权3v高的(<b>灰色</b>）比您购买看涨期权的地方还要多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/daaa03296f95fab3243b899b370370c0\" tg-width=\"650\" tg-height=\"450\" 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>Goldman's Top 13 Charts For The Month Of August<blockquote>高盛8月份前13名图表</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\">\nGoldman's Top 13 Charts For The Month Of August<blockquote>高盛8月份前13名图表</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-08-05 17:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The start of a new month means that Goldman's flow traders need a new set of exciting ideas and trades to dangle before their clients, and that's just what Goldman traders Scott Rubner, Matthew Fleury, Matthieu Martal , Kavita Vaja, and Jonas Bovbjerg are doing by putting together the following 13 charts that capture some of the best ideas and trade recos emerging from the world's most powerful trading desk.</p><p><blockquote>新的一个月的开始意味着高盛的流量交易员需要一套新的令人兴奋的想法和交易摆在他们的客户面前，这正是高盛交易员Scott Rubner、Matthew Fleury、Matthieu Martal、Kavita Vaja和Jonas Bovbjerg正在做的事情，他们将以下13张图表放在一起，捕捉了来自世界上最强大的交易台的一些最佳想法和交易记录。</blockquote></p><p> <b>1. \"If you are a stock picker watching earnings prints you are likely fully engaged this week.</b>This week will be peak liquidity for the rest of the summer. Vacation or extended vacation schedules officially kick off next week after earnings season. As we sit right now. Liquidity is at the highs into a busy week\"</p><p><blockquote><b>1.“如果您是一名关注财报的选股者，本周您可能会全神贯注。</b>本周将是夏季剩余时间的流动性高峰。假期或延长假期计划将于下周财报季后正式开始。就像我们现在坐的那样。流动性处于高位，进入繁忙的一周”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7085a22959ed7e6fdb8e3dfe125c1d20\" tg-width=\"650\" tg-height=\"450\" referrerpolicy=\"no-referrer\"><b>2. \"I think equities would be fine with higher yields</b>- the negative correlation of SPX &amp; NDX with the 30yr has turned positive again. Higher yields are much less of a problem than they were earlier this year\"</p><p><blockquote><b>2.“我认为股票收益率较高会很好</b>-SPX和NDX与30年期的负相关性再次转为正相关性。与今年早些时候相比，较高的收益率问题要小得多”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5e5c5950acc89489fb308d300c3dc20f\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>3.</b>\"<b>China Regulation:</b>&nbsp;As the regulatory pressure on China's leading offshore internet &amp; education firms has increased in recent weeks, tech hardware companies listed onshore have outperformed the Chinese market. With the broader Chinese economy still in a growth phase (with Chinese equities historically displaying 22% return over 15months, entirely driven by earnings re-rating), and earnings revisions outside of the internet sector higher year to date (MSCI China ex Internet EPS up +5% vs China Internet EPS down -22% YTD), this basket is designed to benefit from the expansion of China's high tech manufacturing capabilities. For the first time in 5 years we have seen a meaningful divergence between HK and China listed Tech. ADRs have consistently underperformed.\"</p><p><blockquote><b>3.</b>\"<b>中国法规：</b>最近几周，随着中国领先的离岸互联网和教育公司面临的监管压力加大，在境内上市的科技硬件公司的表现优于中国市场。由于更广泛的中国经济仍处于增长阶段（中国股市在15个月内的回报率为22%，完全是由盈利重新评级推动的），以及今年迄今为止互联网行业以外的盈利修正较高（MSCI中国除外互联网每股收益上涨+5%，而中国互联网每股收益年初至今下降-22%），该篮子旨在受益于中国高科技制造能力的扩张。五年来，我们首次看到香港和中国上市科技公司之间存在显着差异。美国存托凭证的表现一直不佳。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9b5efa9b164299c0081319274ad88464\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>4. Implied dispersion levels have structurally reset higher over the past 5Y in Europe &amp; US.</b></p><p><blockquote><b>4.在过去的5年里，欧洲和美国的隐含离差水平结构性地重置为更高。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/8dd483873504d2edb4cce8ab9f3dca03\" tg-width=\"594\" tg-height=\"440\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>5. Dispersion performance has been stable due to rising realized levels over the same period</b></p><p><blockquote><b>5.由于同期实现水平上升，分散性能一直稳定</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/8dd483873504d2edb4cce8ab9f3dca03\" tg-width=\"594\" tg-height=\"440\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>6. SX5E 1Y Vega neutral dispersion offered defensives properties in GFC &amp; COVID due to realized volatility spikes.</b></p><p><blockquote><b>6.由于实现了波动性峰值，SX5E 1Y Vega中性分散体在GFC和COVID中提供了防御特性。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/828358d146ae81f8416d3e6260df9471\" tg-width=\"606\" tg-height=\"434\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>7. Index implied volatility has reset sharply lower pre- and post-COVID,</b>which has contributed to rising implied entry levels for dispersion. However, the compression of index realized volatility since the US elections has maintained stable dispersion performance from the index leg. SX5E 1Y Dispersion performance has been stable due to contribution from both index and single-stock legs.</p><p><blockquote><b>7.指数隐含波动率在新冠疫情前后大幅降低，</b>这导致了离散的隐含进入水平的上升。然而，自美国大选以来指数已实现波动率的压缩使指数腿保持了稳定的分散表现。由于指数和个股的贡献，SX5E 1Y分散表现一直稳定。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f79d93d1babf3fbcd8240888633b008f\" tg-width=\"600\" tg-height=\"438\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>8. The fall in index implied volatility in recent years can be partly explained by the sharp fall in index implied correlation levels as well as falling demand for upside call options in European equities.</b>Market-implied average single-stock correlation shows that whilst index implied volatility has fallen since 2015 and again post-COVID, driving the implied dispersion entry level higher, this has coincided with a sharp fall in implied correlation levels over the same period. Therefore, dispersion strategies which sell expensive implied correlation have continued to perform well despite higher implied dispersion entry levels. SX5E 1Y implied correlation has fallen more than index implied volatility levels.</p><p><blockquote><b>8.近年来指数隐含波动率下降的部分原因是指数隐含相关性水平急剧下降，以及欧洲股票对上行看涨期权期权的需求下降。</b>市场隐含平均个股相关性显示，虽然指数隐含波动率自2015年以来下降，并在COVID后再次下降，推动隐含离差进入水平上升，但这与同期隐含相关性水平急剧下降相吻合。因此，尽管隐含离差进入水平较高，但出售昂贵的隐含相关性的离差策略继续表现良好。SX5E 1Y隐含相关性的跌幅超过了指数隐含波动率水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6c4e4fd3d5c2103c572126ee034d92ee\" tg-width=\"600\" tg-height=\"435\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>9. Correlation of returns on t vs t-1 is deeply negative in SX5E</b></p><p><blockquote><b>9.在SX5E中，t与t-1的回报相关性非常负</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/999e9e1449cc5df8c196025b2f68b08b\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p><p> <b>10. Despite the spread trading off the lower values during the post-Mar20 period, it remains at historical lows (18th percentile vs. past 5y).</b>The recent pick up in realized spread should support the forward vol level as we roll into the spot spread. Term-structure roll is favorable due to the steepness of the SPX term structure (~0.5v positive carry over the next 3m, everything else remaining equal). The spot spread gets delivered in December at extreme lows, &gt;3v below current 6m realized.</p><p><blockquote><b>10.尽管利差在2020年3月后期间脱离了较低的值，但仍处于历史低点（第18个百分点与过去5年相比）。</b>随着我们进入现货价差，最近已实现价差的回升应该会支撑远期成交量水平。由于SPX期限结构的陡度（在接下来的3m上约0.5 V正进位，其他条件保持不变），期限结构滚动是有利的。现货价差在12月份以极低的价格交付，比当前实现的6m低3v以上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9641a36f2830851d562be4216ceea61e\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>11. Significant roll-up in the SX5E-SPX spread</b></p><p><blockquote><b>11.SX5E-SPX价差大幅上涨</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e03effca5987dae6fb8b74a564e750e\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>12. Realized correlation between broader market vs. Momentum vs. EU Cyclicals/Defensives</b></p><p><blockquote><b>12.大盘与动量与欧盟周期性/防御性之间已实现的相关性</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e03effca5987dae6fb8b74a564e750e\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>13. VOW3 term structure has materially flattened over the past year</b>(<b>red</b>&nbsp;vs.<b>grey</b>), driven by a combination of call overwriting in the front-end and more recently, long-dated upside options buyers. Implied volatility has also recently reset lower across the curve (<b>red</b>&nbsp;vs.<b>navy</b>) and the skew is flat/call skew is inverted. Therefore, consider owning long-dated upside call spreads which offer a high max. payout ratio (chart 4,<b>navy</b>) where you sell a call 3v higher (<b>grey</b>) than where you buy a call.</p><p><blockquote><b>13.VOW3期限结构在过去一年中基本持平</b>(<b>红色</b>vs.<b>灰色</b>），受到前端看涨期权覆盖和最近长期上行期权买家的共同推动。隐含波动率最近也在曲线上重置较低（<b>红色</b>vs.<b>海军</b>)并且偏斜是平的/看涨期权偏斜是反的。因此，考虑持有长期上行看涨期权利差，它提供了很高的最大派息率（图4，<b>海军</b>)哪里有卖看涨期权3v高的(<b>灰色</b>）比您购买看涨期权的地方还要多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/daaa03296f95fab3243b899b370370c0\" tg-width=\"650\" tg-height=\"450\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/goldmans-top-13-charts-month-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":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/goldmans-top-13-charts-month-august","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105489937","content_text":"The start of a new month means that Goldman's flow traders need a new set of exciting ideas and trades to dangle before their clients, and that's just what Goldman traders Scott Rubner, Matthew Fleury, Matthieu Martal , Kavita Vaja, and Jonas Bovbjerg are doing by putting together the following 13 charts that capture some of the best ideas and trade recos emerging from the world's most powerful trading desk.\n1. \"If you are a stock picker watching earnings prints you are likely fully engaged this week.This week will be peak liquidity for the rest of the summer. Vacation or extended vacation schedules officially kick off next week after earnings season. As we sit right now. Liquidity is at the highs into a busy week\"\n2. \"I think equities would be fine with higher yields- the negative correlation of SPX & NDX with the 30yr has turned positive again. Higher yields are much less of a problem than they were earlier this year\"\n\n3.\"China Regulation: As the regulatory pressure on China's leading offshore internet & education firms has increased in recent weeks, tech hardware companies listed onshore have outperformed the Chinese market. With the broader Chinese economy still in a growth phase (with Chinese equities historically displaying 22% return over 15months, entirely driven by earnings re-rating), and earnings revisions outside of the internet sector higher year to date (MSCI China ex Internet EPS up +5% vs China Internet EPS down -22% YTD), this basket is designed to benefit from the expansion of China's high tech manufacturing capabilities. For the first time in 5 years we have seen a meaningful divergence between HK and China listed Tech. ADRs have consistently underperformed.\"\n\n4. Implied dispersion levels have structurally reset higher over the past 5Y in Europe & US.\n\n5. Dispersion performance has been stable due to rising realized levels over the same period\n\n6. SX5E 1Y Vega neutral dispersion offered defensives properties in GFC & COVID due to realized volatility spikes.\n\n7. Index implied volatility has reset sharply lower pre- and post-COVID,which has contributed to rising implied entry levels for dispersion. However, the compression of index realized volatility since the US elections has maintained stable dispersion performance from the index leg. SX5E 1Y Dispersion performance has been stable due to contribution from both index and single-stock legs.\n\n8. The fall in index implied volatility in recent years can be partly explained by the sharp fall in index implied correlation levels as well as falling demand for upside call options in European equities.Market-implied average single-stock correlation shows that whilst index implied volatility has fallen since 2015 and again post-COVID, driving the implied dispersion entry level higher, this has coincided with a sharp fall in implied correlation levels over the same period. Therefore, dispersion strategies which sell expensive implied correlation have continued to perform well despite higher implied dispersion entry levels. SX5E 1Y implied correlation has fallen more than index implied volatility levels.\n\n9. Correlation of returns on t vs t-1 is deeply negative in SX5E\n\n10. Despite the spread trading off the lower values during the post-Mar20 period, it remains at historical lows (18th percentile vs. past 5y).The recent pick up in realized spread should support the forward vol level as we roll into the spot spread. Term-structure roll is favorable due to the steepness of the SPX term structure (~0.5v positive carry over the next 3m, everything else remaining equal). The spot spread gets delivered in December at extreme lows, >3v below current 6m realized.\n\n11. Significant roll-up in the SX5E-SPX spread\n\n12. Realized correlation between broader market vs. Momentum vs. EU Cyclicals/Defensives\n\n13. VOW3 term structure has materially flattened over the past year(red vs.grey), driven by a combination of call overwriting in the front-end and more recently, long-dated upside options buyers. Implied volatility has also recently reset lower across the curve (red vs.navy) and the skew is flat/call skew is inverted. Therefore, consider owning long-dated upside call spreads which offer a high max. payout ratio (chart 4,navy) where you sell a call 3v higher (grey) than where you buy a call.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":809325046,"gmtCreate":1627349198685,"gmtModify":1633765869578,"author":{"id":"4088154342981070","authorId":"4088154342981070","name":"M3Mike","avatar":"https://static.tigerbbs.com/259e456faa292a2e09a116698d67ff21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088154342981070","idStr":"4088154342981070"},"themes":[],"htmlText":"More institutions joining&nbsp;crypto, good for crypto, buy some","listText":"More institutions joining&nbsp;crypto, good for crypto, buy some","text":"More institutions joining crypto, good for crypto, buy some","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/809325046","repostId":"1144558005","repostType":4,"repost":{"id":"1144558005","kind":"news","pubTimestamp":1627304910,"share":"https://www.laohu8.com/m/news/1144558005?lang=zh_CN&edition=full","pubTime":"2021-07-26 21:08","market":"fut","language":"en","title":"Amazon’s Cryptocurrency Plan Could Be a Game Changer<blockquote>亚马逊的加密货币计划可能会改变游戏规则</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144558005","media":"Barrons","summary":"Bitcoin and other cryptocurrencies have fallen on hard times recently, but the sector may have found","content":"<p>Bitcoin and other cryptocurrencies have fallen on hard times recently, but the sector may have found its hero in the form of Amazon.</p><p><blockquote>比特币和其他加密货币最近陷入困境，但该行业可能已经找到了亚马逊的英雄。</blockquote></p><p> The company’s job vacancy advertising for a “digital currency and blockchain product lead” has sparked rampant speculation over what the tech giant might have planned. The new position will be part of the team responsible for how Amazon’s customers pay on its platforms.</p><p><blockquote>该公司“数字货币和区块链产品负责人”的职位空缺广告引发了人们对这家科技巨头可能计划的广泛猜测。新职位将成为负责亚马逊客户如何在其平台上支付的团队的一员。</blockquote></p><p> The possibility of Amazon accepting cryptocurrency payments—by the end of the year,according to some reports—saw Bitcoin surge to six-week highs just below $40,000. There’s even the suggestion the internet behemoth could be developing its own coin and may also accept alternatives such as Ethereum.</p><p><blockquote>根据一些报道，亚马逊接受加密货币支付的可能性——到今年年底——导致比特币飙升至略低于4万美元的六周高点。甚至有迹象表明，这家互联网巨头可能正在开发自己的代币，也可能接受以太币等替代品。</blockquote></p><p> Cryptocurrencies face a fight over their role in society, their use, and ultimately their value. Acceptance by a company as big as Amazon will only help their case. It’s a bold move from Amazon, and how the company deals with the famed volatility of cryptocurrencies will be fascinating to see.</p><p><blockquote>加密货币面临着一场关于其在社会中的角色、用途以及最终价值的斗争。被亚马逊这样大的公司接受只会有助于他们的案子。这是亚马逊的一个大胆举措，该公司如何应对著名的加密货币波动性将令人着迷。</blockquote></p><p> Investors may not need to wait long for answers. Amazon&nbsp;reports earnings on Thursday&nbsp;and executives will surely face a volley of questions on the matter.</p><p><blockquote>投资者可能不需要等待太久就能得到答案。亚马逊将于周四公布财报，高管们肯定会就此问题面临一系列问题。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon’s Cryptocurrency Plan Could Be a Game Changer<blockquote>亚马逊的加密货币计划可能会改变游戏规则</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’s Cryptocurrency Plan Could Be a Game Changer<blockquote>亚马逊的加密货币计划可能会改变游戏规则</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-26 21:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Bitcoin and other cryptocurrencies have fallen on hard times recently, but the sector may have found its hero in the form of Amazon.</p><p><blockquote>比特币和其他加密货币最近陷入困境，但该行业可能已经找到了亚马逊的英雄。</blockquote></p><p> The company’s job vacancy advertising for a “digital currency and blockchain product lead” has sparked rampant speculation over what the tech giant might have planned. The new position will be part of the team responsible for how Amazon’s customers pay on its platforms.</p><p><blockquote>该公司“数字货币和区块链产品负责人”的职位空缺广告引发了人们对这家科技巨头可能计划的广泛猜测。新职位将成为负责亚马逊客户如何在其平台上支付的团队的一员。</blockquote></p><p> The possibility of Amazon accepting cryptocurrency payments—by the end of the year,according to some reports—saw Bitcoin surge to six-week highs just below $40,000. There’s even the suggestion the internet behemoth could be developing its own coin and may also accept alternatives such as Ethereum.</p><p><blockquote>根据一些报道，亚马逊接受加密货币支付的可能性——到今年年底——导致比特币飙升至略低于4万美元的六周高点。甚至有迹象表明，这家互联网巨头可能正在开发自己的代币，也可能接受以太币等替代品。</blockquote></p><p> Cryptocurrencies face a fight over their role in society, their use, and ultimately their value. Acceptance by a company as big as Amazon will only help their case. It’s a bold move from Amazon, and how the company deals with the famed volatility of cryptocurrencies will be fascinating to see.</p><p><blockquote>加密货币面临着一场关于其在社会中的角色、用途以及最终价值的斗争。被亚马逊这样大的公司接受只会有助于他们的案子。这是亚马逊的一个大胆举措，该公司如何应对著名的加密货币波动性将令人着迷。</blockquote></p><p> Investors may not need to wait long for answers. Amazon&nbsp;reports earnings on Thursday&nbsp;and executives will surely face a volley of questions on the matter.</p><p><blockquote>投资者可能不需要等待太久就能得到答案。亚马逊将于周四公布财报，高管们肯定会就此问题面临一系列问题。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/things-to-know-today-51627294089?mod=hp_LEAD_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","GBTC":"比特币ETF-Grayscale"},"source_url":"https://www.barrons.com/articles/things-to-know-today-51627294089?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144558005","content_text":"Bitcoin and other cryptocurrencies have fallen on hard times recently, but the sector may have found its hero in the form of Amazon.\nThe company’s job vacancy advertising for a “digital currency and blockchain product lead” has sparked rampant speculation over what the tech giant might have planned. The new position will be part of the team responsible for how Amazon’s customers pay on its platforms.\nThe possibility of Amazon accepting cryptocurrency payments—by the end of the year,according to some reports—saw Bitcoin surge to six-week highs just below $40,000. There’s even the suggestion the internet behemoth could be developing its own coin and may also accept alternatives such as Ethereum.\nCryptocurrencies face a fight over their role in society, their use, and ultimately their value. Acceptance by a company as big as Amazon will only help their case. It’s a bold move from Amazon, and how the company deals with the famed volatility of cryptocurrencies will be fascinating to see.\nInvestors may not need to wait long for answers. Amazon reports earnings on Thursday and executives will surely face a volley of questions on the matter.","news_type":1,"symbols_score_info":{"BTCmain":0.9,"XBTmain":0.9,"MBTmain":0.9,"AMZN":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}