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2021-10-22

$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share share

2021-10-21

$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock

2021-10-20

$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock

2021-10-18

$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock

2021-10-16

$KEPPEL DC REIT(AJBU.SI)$share stock

2021-10-15

$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock

2021-10-14

$KEPPEL DC REIT(AJBU.SI)$share stock

2021-10-13

$KEPPEL DC REIT(AJBU.SI)$share stock

2021-10-12

$KEPPEL DC REIT(AJBU.SI)$share stock

2021-10-11

$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock

2021-10-08

$KEPPEL DC REIT(AJBU.SI)$share stock

2021-10-08

Good

Tesla moves headquarters from California to Texas<blockquote>特斯拉将总部从加州迁至德克萨斯州</blockquote>

2021-10-06

$KEPPEL DC REIT(AJBU.SI)$share stock

2021-10-04

go go go

@PYEO:$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock

2021-10-04

$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock

2021-10-02

$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock

2021-09-30

$KEPPEL DC REIT(AJBU.SI)$share stock

2021-09-29

ok ok

Why AMD Stock Sank 6% Tuesday<blockquote>为什么 AMD 股价周二下跌 6%</blockquote>

2021-09-29

good good

@PYEO:$CWT INT'L(00521)$share stock

2021-09-29

$CWT INT'L(00521)$share stock

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href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>share stock","text":"$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock","images":[{"img":"https://static.tigerbbs.com/330d55ef4957ee63bb3904f094026e75","width":"1125","height":"2539"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/828215377","isVote":1,"tweetType":1,"viewCount":3222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":823567497,"gmtCreate":1633650123645,"gmtModify":1633650156794,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AJBU.SI\">$KEPPEL DC REIT(AJBU.SI)$</a>share 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1633646165,"share":"https://www.laohunote.com/m/news/1139177986?lang=zh_CN&edition=full","pubTime":"2021-10-08 06:36","market":"us","language":"en","title":"Tesla moves headquarters from California to Texas<blockquote>特斯拉将总部从加州迁至德克萨斯州</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139177986","media":"Tiger Newspress","summary":"Tesla is moving its headquarters from Palo Alto, California, to Austin, Texas, CEO Elon Musk announc","content":"<p>Tesla&nbsp;is moving its headquarters from Palo Alto, California, to Austin, Texas, CEO Elon Musk announced at the company's shareholder meeting on Thursday.</p><p><blockquote>特斯拉首席执行官埃隆·马斯克周四在公司股东大会上宣布，将把总部从加州帕洛阿尔托迁至德克萨斯州奥斯汀。</blockquote></p><p> The meeting took place at Tesla's vehicle assembly plant&nbsp;under construction&nbsp;outside of Austin on a property that borders the Colorado River, near the city's airport.</p><p><blockquote>会议在奥斯汀郊外正在建设的特斯拉汽车装配厂举行，该工厂位于该市机场附近，毗邻科罗拉多河。</blockquote></p><p> However, the company plans to increase production in its California plant regardless of the headquarters move.</p><p><blockquote>然而，无论总部搬迁如何，该公司都计划增加加州工厂的产量。</blockquote></p><p> \"To be clear we will be continuing to expand our activities in California,\" Musk said. \"Our intention is to increase output from Fremont and Giga Nevada by 50%. If you go to our Fremont factory it's jammed.\"</p><p><blockquote>“需要明确的是，我们将继续扩大在加州的活动，”马斯克说。“我们的目的是将弗里蒙特和 Giga Nevada 的产量提高 50%。如果你去我们弗里蒙特的工厂，那里就很拥挤。”</blockquote></p><p> But, he added, \"It's tough for people to afford houses, and people have to come in from far away....There's a limit to how big you can scale in the Bay Area.\"</p><p><blockquote>但是，他补充说，“人们很难买得起房子，人们必须从很远的地方进来…….湾区的规模是有限的。”</blockquote></p><p> Regarding the plant underway in Austin, he noted that it would take some time to reach full production even after it's completed.</p><p><blockquote>关于奥斯汀正在进行的工厂，他指出，即使完工后也需要一些时间才能达到全面生产。</blockquote></p><p> Musk’s growing dissatisfaction with California has been apparent for some time. In April 2020, on a&nbsp;Tesla earnings call, Musk lashed out at California government officials calling their temporary Covid-related health orders “fascist” in an expletive-laced rant.</p><p><blockquote>一段时间以来，马斯克对加州日益增长的不满显而易见。2020 年 4 月，在特斯拉财报看涨期权上，马斯克用脏话抨击加州政府官员称他们与 Covid 相关的临时卫生令为 “法西斯”。</blockquote></p><p> Later, Musk&nbsp;personally relocated&nbsp;to the Austin area from Los Angeles, where he had lived for two decades.</p><p><blockquote>后来，马斯克亲自从生活了二十年的洛杉矶搬到了奥斯汀地区。</blockquote></p><p> Doing so enabled Musk, who is also CEO of aerospace company SpaceX, to reduce his personal tax burden and be closer to a SpaceX launch site in Boca Chica, Texas.</p><p><blockquote>这样做使兼任航空航天公司SpaceX首席执行官的马斯克能够减轻个人税收负担，并更靠近位于德克萨斯州博卡奇卡的SpaceX发射场。</blockquote></p><p> California levies some of the highest personal income taxes in the country on its wealthy residents, but Texas has no personal income tax.</p><p><blockquote>加利福尼亚州对其富裕居民征收全国最高的个人所得税，但德克萨斯州没有个人所得税。</blockquote></p><p> Tesla is not the first company to its headquarters out of California to Texas. Oracle and Hewlett Packard are among the tech giants who decided to make that move last year, for example.</p><p><blockquote>特斯拉并不是第一家将总部从加州迁至德克萨斯的公司。例如，甲骨文和惠普是去年决定采取这一举措的科技巨头之一。</blockquote></p><p> Texas has been actively recruiting companies via its Texas Economic Development Act offering tax breaks to put new facilities in the state. Austin, with a top tech university and cultural events like South by Southwest, is a draw for tech employers.</p><p><blockquote>德克萨斯州一直在通过《德克萨斯州经济发展法案》积极招募公司，该法案提供税收减免，以在该州建设新设施。奥斯汀拥有顶尖的科技大学和像西南偏南这样的文化活动，对科技雇主很有吸引力。</blockquote></p><p> Tesla has generally garnered a huge amount of support from the state of California since it was founded there in 2003. It has enjoyed grant funding, tax breaks, incentives and favorable policies from the likes of the California Air Resources Board, California Energy Commission and&nbsp;California Alternative Energy and Advanced Transportation Financing Authority, among others.</p><p><blockquote>自2003年成立以来，特斯拉总体上获得了加利福尼亚州的大量支持。它享受了加州空气资源委员会、加州能源委员会和加州替代能源和先进运输融资管理局等机构的拨款、税收减免、激励措施和优惠政策。</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 moves headquarters from California to Texas<blockquote>特斯拉将总部从加州迁至德克萨斯州</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 moves headquarters from California to Texas<blockquote>特斯拉将总部从加州迁至德克萨斯州</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-10-08 06:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla&nbsp;is moving its headquarters from Palo Alto, California, to Austin, Texas, CEO Elon Musk announced at the company's shareholder meeting on Thursday.</p><p><blockquote>特斯拉首席执行官埃隆·马斯克周四在公司股东大会上宣布，将把总部从加州帕洛阿尔托迁至德克萨斯州奥斯汀。</blockquote></p><p> The meeting took place at Tesla's vehicle assembly plant&nbsp;under construction&nbsp;outside of Austin on a property that borders the Colorado River, near the city's airport.</p><p><blockquote>会议在奥斯汀郊外正在建设的特斯拉汽车装配厂举行，该工厂位于该市机场附近，毗邻科罗拉多河。</blockquote></p><p> However, the company plans to increase production in its California plant regardless of the headquarters move.</p><p><blockquote>然而，无论总部搬迁如何，该公司都计划增加加州工厂的产量。</blockquote></p><p> \"To be clear we will be continuing to expand our activities in California,\" Musk said. \"Our intention is to increase output from Fremont and Giga Nevada by 50%. If you go to our Fremont factory it's jammed.\"</p><p><blockquote>“需要明确的是，我们将继续扩大在加州的活动，”马斯克说。“我们的目的是将弗里蒙特和 Giga Nevada 的产量提高 50%。如果你去我们弗里蒙特的工厂，那里就很拥挤。”</blockquote></p><p> But, he added, \"It's tough for people to afford houses, and people have to come in from far away....There's a limit to how big you can scale in the Bay Area.\"</p><p><blockquote>但是，他补充说，“人们很难买得起房子，人们必须从很远的地方进来…….湾区的规模是有限的。”</blockquote></p><p> Regarding the plant underway in Austin, he noted that it would take some time to reach full production even after it's completed.</p><p><blockquote>关于奥斯汀正在进行的工厂，他指出，即使完工后也需要一些时间才能达到全面生产。</blockquote></p><p> Musk’s growing dissatisfaction with California has been apparent for some time. In April 2020, on a&nbsp;Tesla earnings call, Musk lashed out at California government officials calling their temporary Covid-related health orders “fascist” in an expletive-laced rant.</p><p><blockquote>一段时间以来，马斯克对加州日益增长的不满显而易见。2020 年 4 月，在特斯拉财报看涨期权上，马斯克用脏话抨击加州政府官员称他们与 Covid 相关的临时卫生令为 “法西斯”。</blockquote></p><p> Later, Musk&nbsp;personally relocated&nbsp;to the Austin area from Los Angeles, where he had lived for two decades.</p><p><blockquote>后来，马斯克亲自从生活了二十年的洛杉矶搬到了奥斯汀地区。</blockquote></p><p> Doing so enabled Musk, who is also CEO of aerospace company SpaceX, to reduce his personal tax burden and be closer to a SpaceX launch site in Boca Chica, Texas.</p><p><blockquote>这样做使兼任航空航天公司SpaceX首席执行官的马斯克能够减轻个人税收负担，并更靠近位于德克萨斯州博卡奇卡的SpaceX发射场。</blockquote></p><p> California levies some of the highest personal income taxes in the country on its wealthy residents, but Texas has no personal income tax.</p><p><blockquote>加利福尼亚州对其富裕居民征收全国最高的个人所得税，但德克萨斯州没有个人所得税。</blockquote></p><p> Tesla is not the first company to its headquarters out of California to Texas. Oracle and Hewlett Packard are among the tech giants who decided to make that move last year, for example.</p><p><blockquote>特斯拉并不是第一家将总部从加州迁至德克萨斯的公司。例如，甲骨文和惠普是去年决定采取这一举措的科技巨头之一。</blockquote></p><p> Texas has been actively recruiting companies via its Texas Economic Development Act offering tax breaks to put new facilities in the state. Austin, with a top tech university and cultural events like South by Southwest, is a draw for tech employers.</p><p><blockquote>德克萨斯州一直在通过《德克萨斯州经济发展法案》积极招募公司，该法案提供税收减免，以在该州建设新设施。奥斯汀拥有顶尖的科技大学和像西南偏南这样的文化活动，对科技雇主很有吸引力。</blockquote></p><p> Tesla has generally garnered a huge amount of support from the state of California since it was founded there in 2003. It has enjoyed grant funding, tax breaks, incentives and favorable policies from the likes of the California Air Resources Board, California Energy Commission and&nbsp;California Alternative Energy and Advanced Transportation Financing Authority, among others.</p><p><blockquote>自2003年成立以来，特斯拉总体上获得了加利福尼亚州的大量支持。它享受了加州空气资源委员会、加州能源委员会和加州替代能源和先进运输融资管理局等机构的拨款、税收减免、激励措施和优惠政策。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139177986","content_text":"Tesla is moving its headquarters from Palo Alto, California, to Austin, Texas, CEO Elon Musk announced at the company's shareholder meeting on Thursday.\nThe meeting took place at Tesla's vehicle assembly plant under construction outside of Austin on a property that borders the Colorado River, near the city's airport.\nHowever, the company plans to increase production in its California plant regardless of the headquarters move.\n\"To be clear we will be continuing to expand our activities in California,\" Musk said. \"Our intention is to increase output from Fremont and Giga Nevada by 50%. If you go to our Fremont factory it's jammed.\"\nBut, he added, \"It's tough for people to afford houses, and people have to come in from far away....There's a limit to how big you can scale in the Bay Area.\"\nRegarding the plant underway in Austin, he noted that it would take some time to reach full production even after it's completed.\nMusk’s growing dissatisfaction with California has been apparent for some time. In April 2020, on a Tesla earnings call, Musk lashed out at California government officials calling their temporary Covid-related health orders “fascist” in an expletive-laced rant.\nLater, Musk personally relocated to the Austin area from Los Angeles, where he had lived for two decades.\nDoing so enabled Musk, who is also CEO of aerospace company SpaceX, to reduce his personal tax burden and be closer to a SpaceX launch site in Boca Chica, Texas.\nCalifornia levies some of the highest personal income taxes in the country on its wealthy residents, but Texas has no personal income tax.\nTesla is not the first company to its headquarters out of California to Texas. Oracle and Hewlett Packard are among the tech giants who decided to make that move last year, for example.\nTexas has been actively recruiting companies via its Texas Economic Development Act offering tax breaks to put new facilities in the state. Austin, with a top tech university and cultural events like South by Southwest, is a draw for tech employers.\nTesla has generally garnered a huge amount of support from the state of California since it was founded there in 2003. It has enjoyed grant funding, tax breaks, incentives and favorable policies from the likes of the California Air Resources Board, California Energy Commission and California Alternative Energy and Advanced Transportation Financing Authority, among others.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2013,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829112761,"gmtCreate":1633480210982,"gmtModify":1633480230094,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AJBU.SI\">$KEPPEL DC REIT(AJBU.SI)$</a>share stock","listText":"<a href=\"https://laohu8.com/S/AJBU.SI\">$KEPPEL DC REIT(AJBU.SI)$</a>share stock","text":"$KEPPEL DC REIT(AJBU.SI)$share stock","images":[{"img":"https://static.tigerbbs.com/720f00ae7ad64ac3ea04e5f31888a433","width":"1125","height":"2539"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/829112761","isVote":1,"tweetType":1,"viewCount":889,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":867548572,"gmtCreate":1633304264460,"gmtModify":1633304264716,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"go go go","listText":"go go go","text":"go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/867548572","repostId":"867548164","repostType":1,"repost":{"id":867548164,"gmtCreate":1633304238342,"gmtModify":1633304238622,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>share stock","listText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>share stock","text":"$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock","images":[{"img":"https://static.tigerbbs.com/5bddd82869f1128c6d75e881e0e70773","width":"1125","height":"2539"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867548164","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867548164,"gmtCreate":1633304238342,"gmtModify":1633304238622,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>share stock","listText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>share stock","text":"$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock","images":[{"img":"https://static.tigerbbs.com/5bddd82869f1128c6d75e881e0e70773","width":"1125","height":"2539"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/867548164","isVote":1,"tweetType":1,"viewCount":2506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":864540186,"gmtCreate":1633134395662,"gmtModify":1633134395997,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>share stock","listText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>share stock","text":"$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock","images":[{"img":"https://static.tigerbbs.com/bb4976cd6d4edb44a6c744aebb797323","width":"1125","height":"2539"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/864540186","isVote":1,"tweetType":1,"viewCount":1094,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":865353967,"gmtCreate":1632956845641,"gmtModify":1632957022951,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AJBU.SI\">$KEPPEL DC REIT(AJBU.SI)$</a>share stock","listText":"<a href=\"https://laohu8.com/S/AJBU.SI\">$KEPPEL DC REIT(AJBU.SI)$</a>share stock","text":"$KEPPEL DC REIT(AJBU.SI)$share stock","images":[{"img":"https://static.tigerbbs.com/dbd369cf74251bff9b636708eb04cc61","width":"1125","height":"2539"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865353967","isVote":1,"tweetType":1,"viewCount":775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":862694084,"gmtCreate":1632874111415,"gmtModify":1632874111534,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"ok ok","listText":"ok ok","text":"ok ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/862694084","repostId":"1116220987","repostType":4,"repost":{"id":"1116220987","kind":"news","pubTimestamp":1632873526,"share":"https://www.laohunote.com/m/news/1116220987?lang=zh_CN&edition=full","pubTime":"2021-09-29 07:58","market":"us","language":"en","title":"Why AMD Stock Sank 6% Tuesday<blockquote>为什么 AMD 股价周二下跌 6%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116220987","media":"Motley Fool","summary":"AMD CEO predicts \"less severe\" chip shortage in less than a year.\n\nWhat happened\nThe duration of the","content":"<p>  <b><a href=\"https://laohu8.com/S/AMD\">AMD</a> CEO predicts \"less severe\" chip shortage in less than a year.</b>  <b>What happened</b></p><p><blockquote><b><a href=\"https://laohu8.com/S/AMD\">AMD</a>首席执行官预测不到一年的时间内芯片短缺将“不那么严重”。</b><b>发生了什么事</b></blockquote></p><p> The duration of the&nbsp;global semiconductor shortagejust keeps getting shorter -- and with it, investor confidence insemiconductor stockslike<b><a href=\"https://laohu8.com/S/AEIS\">Advanced</a> Micro Devices</b>(NASDAQ:AMD), which closed down 6.1% Tuesday.</p><p><blockquote>全球半导体短缺的持续时间越来越短，随之而来的是投资者对半导体股票的信心<b><a href=\"https://laohu8.com/S/AEIS\">先进的</a>微器件</b>（纳斯达克股票代码：AMD）周二收盘下跌 6.1%。</blockquote></p><p> Granted, a whole lot of stocks closed down today (the entireS&amp;P 500lost 2% on average), as rising interest rates spookedgrowth investors. But in the case of AMD, there seems to be a separate factor at work.</p><p><blockquote>诚然，由于利率上升吓坏了成长型投资者，今天很多股票收盘下跌（整个标准普尔 500 指数平均下跌 2%）。但就AMD而言，似乎有一个单独的因素在起作用。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> If you recall, market researcher International Data Corporation (IDC) predicted last week that the dearth of semiconductors, which has hamstrung markets for everything from PCs to automobiles over the past year, will begin easing later this year. Then, \"the industry will see normalization and balance by the middle of 2022, with a potential for overcapacity in 2023 as larger scale capacity expansions begin to come on line toward the end of 2022.\"</p><p><blockquote>如果你还记得的话，市场研究公司国际数据公司（IDC）上周预测，半导体短缺将在今年晚些时候开始缓解，半导体短缺在过去一年中一直困扰着从个人电脑到汽车等各种产品的市场。然后，“到 2022 年中期，该行业将实现正常化和平衡，随着 2022 年底更大规模的产能扩张开始上线，2023 年可能会出现产能过剩。”</blockquote></p><p> Tesla CEO Elon Musk, too, has expressed the opinion that the semiconductor shortage will be \"short term I think.\" And on Tuesday, AMD CEO Lisa Su rounded out the list, confirming that both IDC and Musk are most likely correct.</p><p><blockquote>特斯拉首席执行官埃隆·马斯克也表示，半导体短缺将是“短期的”。周二，AMD 首席执行官苏丽莎 (Lisa Su) 补充了这份名单，证实 IDC 和马斯克都很可能是正确的。</blockquote></p><p> Speaking at the Code Conference in Beverly Hills, California, reports CNBC, Su pointed to a number of new semiconductor manufacturing plants coming online over the next few months as evidence that, while supplies will remain \"likely tight\" through the first half of next year, the chip shortage may end sooner than some investors expect.</p><p><blockquote>据美国消费者新闻与商业频道 (CNBC) 报道，苏在加利福尼亚州比佛利山庄举行的代码会议上发表讲话时指出，未来几个月将有一些新的半导体制造工厂上线，这证明虽然明年上半年供应“可能仍然紧张”，但芯片短缺可能会比一些投资者预期的更早结束。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p> What does that mean for the future? Chip companies began investing in infrastructure to make more chips \"perhaps a year ago,\" says Su. Now, \"it might take, you know, 18 to 24 months to put on a new plant.\" But for a plant started a year ago, that means that there's only six to 12 months left to go before that plant starts churning out chips.</p><p><blockquote>这对未来意味着什么？苏说，“也许一年前”，芯片公司就开始投资基础设施来生产更多芯片。现在，“你知道，可能需要 18 到 24 个月才能建造一座新工厂。”但对于一年前启动的工厂来说，这意味着距离工厂开始生产芯片只剩下 6 到 12 个月的时间了。</blockquote></p><p> This implies that by somewhere between the second quarter of 2022, and at the latest, the fourth quarter of 2022, chip supply should begin reaching the level necessary to fulfill even surging chip demand. That's good news for consumers -- good news, too, for automotive and other companies that have been starved for chips of late. As 2022 rolls over into 2023, however, and the potential for overcapacity begins to loom, it could be bad news for profits at AMD and its peers.</p><p><blockquote>这意味着，到 2022 年第二季度，最迟到 2022 年第四季度，芯片供应应该开始达到满足甚至激增的芯片需求所需的水平。这对消费者来说是个好消息，对最近急需芯片的汽车和其他公司来说也是个好消息。然而，随着 2022 年进入 2023 年，产能过剩的可能性开始显现，这对 AMD 及其同行的利润来说可能是个坏消息。</blockquote></p><p> But such is the risk of investing incyclical industries.</p><p><blockquote>但这就是投资非周期性行业的风险。</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>Why AMD Stock Sank 6% Tuesday<blockquote>为什么 AMD 股价周二下跌 6%</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\">\nWhy AMD Stock Sank 6% Tuesday<blockquote>为什么 AMD 股价周二下跌 6%</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\">2021-09-29 07:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b><a href=\"https://laohu8.com/S/AMD\">AMD</a> CEO predicts \"less severe\" chip shortage in less than a year.</b>  <b>What happened</b></p><p><blockquote><b><a href=\"https://laohu8.com/S/AMD\">AMD</a>首席执行官预测不到一年的时间内芯片短缺将“不那么严重”。</b><b>发生了什么事</b></blockquote></p><p> The duration of the&nbsp;global semiconductor shortagejust keeps getting shorter -- and with it, investor confidence insemiconductor stockslike<b><a href=\"https://laohu8.com/S/AEIS\">Advanced</a> Micro Devices</b>(NASDAQ:AMD), which closed down 6.1% Tuesday.</p><p><blockquote>全球半导体短缺的持续时间越来越短，随之而来的是投资者对半导体股票的信心<b><a href=\"https://laohu8.com/S/AEIS\">先进的</a>微器件</b>（纳斯达克股票代码：AMD）周二收盘下跌 6.1%。</blockquote></p><p> Granted, a whole lot of stocks closed down today (the entireS&amp;P 500lost 2% on average), as rising interest rates spookedgrowth investors. But in the case of AMD, there seems to be a separate factor at work.</p><p><blockquote>诚然，由于利率上升吓坏了成长型投资者，今天很多股票收盘下跌（整个标准普尔 500 指数平均下跌 2%）。但就AMD而言，似乎有一个单独的因素在起作用。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> If you recall, market researcher International Data Corporation (IDC) predicted last week that the dearth of semiconductors, which has hamstrung markets for everything from PCs to automobiles over the past year, will begin easing later this year. Then, \"the industry will see normalization and balance by the middle of 2022, with a potential for overcapacity in 2023 as larger scale capacity expansions begin to come on line toward the end of 2022.\"</p><p><blockquote>如果你还记得的话，市场研究公司国际数据公司（IDC）上周预测，半导体短缺将在今年晚些时候开始缓解，半导体短缺在过去一年中一直困扰着从个人电脑到汽车等各种产品的市场。然后，“到 2022 年中期，该行业将实现正常化和平衡，随着 2022 年底更大规模的产能扩张开始上线，2023 年可能会出现产能过剩。”</blockquote></p><p> Tesla CEO Elon Musk, too, has expressed the opinion that the semiconductor shortage will be \"short term I think.\" And on Tuesday, AMD CEO Lisa Su rounded out the list, confirming that both IDC and Musk are most likely correct.</p><p><blockquote>特斯拉首席执行官埃隆·马斯克也表示，半导体短缺将是“短期的”。周二，AMD 首席执行官苏丽莎 (Lisa Su) 补充了这份名单，证实 IDC 和马斯克都很可能是正确的。</blockquote></p><p> Speaking at the Code Conference in Beverly Hills, California, reports CNBC, Su pointed to a number of new semiconductor manufacturing plants coming online over the next few months as evidence that, while supplies will remain \"likely tight\" through the first half of next year, the chip shortage may end sooner than some investors expect.</p><p><blockquote>据美国消费者新闻与商业频道 (CNBC) 报道，苏在加利福尼亚州比佛利山庄举行的代码会议上发表讲话时指出，未来几个月将有一些新的半导体制造工厂上线，这证明虽然明年上半年供应“可能仍然紧张”，但芯片短缺可能会比一些投资者预期的更早结束。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p> What does that mean for the future? Chip companies began investing in infrastructure to make more chips \"perhaps a year ago,\" says Su. Now, \"it might take, you know, 18 to 24 months to put on a new plant.\" But for a plant started a year ago, that means that there's only six to 12 months left to go before that plant starts churning out chips.</p><p><blockquote>这对未来意味着什么？苏说，“也许一年前”，芯片公司就开始投资基础设施来生产更多芯片。现在，“你知道，可能需要 18 到 24 个月才能建造一座新工厂。”但对于一年前启动的工厂来说，这意味着距离工厂开始生产芯片只剩下 6 到 12 个月的时间了。</blockquote></p><p> This implies that by somewhere between the second quarter of 2022, and at the latest, the fourth quarter of 2022, chip supply should begin reaching the level necessary to fulfill even surging chip demand. That's good news for consumers -- good news, too, for automotive and other companies that have been starved for chips of late. As 2022 rolls over into 2023, however, and the potential for overcapacity begins to loom, it could be bad news for profits at AMD and its peers.</p><p><blockquote>这意味着，到 2022 年第二季度，最迟到 2022 年第四季度，芯片供应应该开始达到满足甚至激增的芯片需求所需的水平。这对消费者来说是个好消息，对最近急需芯片的汽车和其他公司来说也是个好消息。然而，随着 2022 年进入 2023 年，产能过剩的可能性开始显现，这对 AMD 及其同行的利润来说可能是个坏消息。</blockquote></p><p> But such is the risk of investing incyclical industries.</p><p><blockquote>但这就是投资非周期性行业的风险。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/09/28/why-amd-stock-sank-6-today/\">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":{"AMD":"美国超微公司"},"source_url":"https://www.fool.com/investing/2021/09/28/why-amd-stock-sank-6-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116220987","content_text":"AMD CEO predicts \"less severe\" chip shortage in less than a year.\n\nWhat happened\nThe duration of the global semiconductor shortagejust keeps getting shorter -- and with it, investor confidence insemiconductor stockslikeAdvanced Micro Devices(NASDAQ:AMD), which closed down 6.1% Tuesday.\nGranted, a whole lot of stocks closed down today (the entireS&P 500lost 2% on average), as rising interest rates spookedgrowth investors. But in the case of AMD, there seems to be a separate factor at work.\nSo what\nIf you recall, market researcher International Data Corporation (IDC) predicted last week that the dearth of semiconductors, which has hamstrung markets for everything from PCs to automobiles over the past year, will begin easing later this year. Then, \"the industry will see normalization and balance by the middle of 2022, with a potential for overcapacity in 2023 as larger scale capacity expansions begin to come on line toward the end of 2022.\"\nTesla CEO Elon Musk, too, has expressed the opinion that the semiconductor shortage will be \"short term I think.\" And on Tuesday, AMD CEO Lisa Su rounded out the list, confirming that both IDC and Musk are most likely correct.\nSpeaking at the Code Conference in Beverly Hills, California, reports CNBC, Su pointed to a number of new semiconductor manufacturing plants coming online over the next few months as evidence that, while supplies will remain \"likely tight\" through the first half of next year, the chip shortage may end sooner than some investors expect.\nNow what\nWhat does that mean for the future? Chip companies began investing in infrastructure to make more chips \"perhaps a year ago,\" says Su. Now, \"it might take, you know, 18 to 24 months to put on a new plant.\" But for a plant started a year ago, that means that there's only six to 12 months left to go before that plant starts churning out chips.\nThis implies that by somewhere between the second quarter of 2022, and at the latest, the fourth quarter of 2022, chip supply should begin reaching the level necessary to fulfill even surging chip demand. That's good news for consumers -- good news, too, for automotive and other companies that have been starved for chips of late. As 2022 rolls over into 2023, however, and the potential for overcapacity begins to loom, it could be bad news for profits at AMD and its peers.\nBut such is the risk of investing incyclical industries.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":1911,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":862692133,"gmtCreate":1632874007579,"gmtModify":1632874007702,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"good good","listText":"good good","text":"good good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/862692133","repostId":"862696814","repostType":1,"repost":{"id":862696814,"gmtCreate":1632873978838,"gmtModify":1632873978975,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00521\">$CWT INT'L(00521)$</a>share stock","listText":"<a href=\"https://laohu8.com/S/00521\">$CWT INT'L(00521)$</a>share stock","text":"$CWT INT'L(00521)$share stock","images":[{"img":"https://static.tigerbbs.com/dfeed2d49ffed3923c1287da2e90f7df","width":"1125","height":"2879"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/862696814","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":862696814,"gmtCreate":1632873978838,"gmtModify":1632873978975,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00521\">$CWT INT'L(00521)$</a>share stock","listText":"<a href=\"https://laohu8.com/S/00521\">$CWT INT'L(00521)$</a>share stock","text":"$CWT INT'L(00521)$share stock","images":[{"img":"https://static.tigerbbs.com/dfeed2d49ffed3923c1287da2e90f7df","width":"1125","height":"2879"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/862696814","isVote":1,"tweetType":1,"viewCount":1938,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":819764216,"gmtCreate":1630109118435,"gmtModify":1704956000157,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/1D0.SI\">$KIMLY LIMITED(1D0.SI)$</a>share share","listText":"<a 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like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/889853613","repostId":"1180788041","repostType":4,"repost":{"id":"1180788041","kind":"news","pubTimestamp":1631062558,"share":"https://www.laohunote.com/m/news/1180788041?lang=zh_CN&edition=full","pubTime":"2021-09-08 08:55","market":"us","language":"en","title":"Wall Street's hottest investor is betting big on a handful of stocks. Critics say she's playing with fire<blockquote>华尔街最热门的投资者正在大力押注少数股票。批评家说她在玩火</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180788041","media":"CNN Business","summary":"New York  - At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.It's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.Last year, Wood's strategy paid huge dividends for investors in her flagship Ark Innovation exchange-traded fund. It surged nearly 150% in 2020","content":"<p><div> New York (CNN Business) - At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy ...</p><p><blockquote><div>纽约（CNN Business）-当许多投资者满足于随波逐流，购买苹果、亚马逊和微软等顶级科技公司时，凯西·伍德正在寻找buzzy的下一个大创新者……</div></blockquote></p><p>  <a href=\"https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html\">网页连接</a></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>Wall Street's hottest investor is betting big on a handful of stocks. Critics say she's playing with fire<blockquote>华尔街最热门的投资者正在大力押注少数股票。批评家说她在玩火</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\">\nWall Street's hottest investor is betting big on a handful of stocks. Critics say she's playing with fire<blockquote>华尔街最热门的投资者正在大力押注少数股票。批评家说她在玩火</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-09-08 08:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> New York (CNN Business) - At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy ...</p><p><blockquote><div>纽约（CNN Business）-当许多投资者满足于随波逐流，购买苹果、亚马逊和微软等顶级科技公司时，凯西·伍德正在寻找buzzy的下一个大创新者……</div></blockquote></p><p>  <a href=\"https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html\">CNN Business</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":{"ARKF":"ARK Fintech Innovation ETF","ARKK":"ARK Innovation ETF","TSLA":"特斯拉","ARKG":"ARK Genomic Revolution ETF","ARKW":"ARK Next Generation Internet ETF"},"source_url":"https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180788041","content_text":"New York (CNN Business) - At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.\nIt's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.\nLast year, Wood's strategy paid huge dividends for investors in her flagship Ark Innovation(ARKK) exchange-traded fund. It surged nearly 150% in 2020 and helped turn her into a Wall Street superstar — sort of the Warren Buffett of momentum investing.\nCathie Wood, CEO of Ark Investment Management, has become the face of the growth stock movement on Wall Street.\nBut this year hasn't been nearly as kind to Wood as the last. The Innovation ETF was down 2.5% through late August, despite a red-hot market for tech with the Nasdaq up more than 18% so far in 2021.\nWood wasn't available to comment for this story, but she doubled down in an interview with CNBC in August. She's not worried that the Ark strategy of looking for new tech leaders will end badly, and she maintains that this current rally will not be a repeat of the epic 2000 dot-com implosion.\n\"I don't think we're in a bubble, which is what I think many bears think we are,\" Wood told CNBC. \"We have nothing like that right now. In fact, you see a lot of IPOs or SPACs coming out and falling to Earth. We couldn't be further away from a bubble.\"\nHow Wood developed her strategy\nWood speaks from experience. She's no millennial or Gen Z investor for whom the 2000 tech implosion is merely a war story told by older traders. The 65-year-old Wood lived through the last major tech crash, as well as the infamous Black Monday of 1987.\nShe worked for Prudential-owned money manager Jennison Associates for 18 years in the 1980s and 1990s and then spent a dozen years at AllianceBernstein before leaving in 2013.\nBut then, AllianceBernstein passed on her idea to launch a suite of actively managed exchange-traded funds. So she struck out on her own and started Ark in 2014.\n\"I have been watching disruptive innovation for my entire career — why don't I help my own sector along?\" she told Forbes in a 2014 interview.\nThat focus on disruption means Wood ties her ETF's fortunes to visionary but mercurial leaders.\nIn the most prominent example, Wood remains an unabashed fan of Tesla(TSLA) and CEO Elon Musk. The EV maker is the top stock, by far, in Ark's Innovation ETF, accounting for more than 10% of the fund's holdings. It's also the biggest position in Ark's Autonomous Technology & Robotics(ARKQ) and Next Generation Internet(ARKW) ETFs.\nWood is a vocal fan of Tesla, which is a top holding in several of Ark's funds.\nWood is also OK with companies like Tesla issuing more stock to raise money to fund futuristic projects like autonomous vehicles. Some investors are wary of that strategy because the new shares lower the value of existing investors' holdings, but she thinks that's a short-sighted argument, particularly from Tesla bears.\n\"We're not afraid of dilution ... if we think they're doing it for the right reason,\" she told CNBC. \"We wanted them to scale as quickly as possible because we think if we're right on autonomous ...Tesla could get the lion's share of that market, certainly in the United States.\"\nArk's big investment in Tesla is a bet on Musk continuing to innovate beyond the business of electric cars, Wood explained in an interview with Bloomberg Radio in August. She raved about Tesla's plans to build a humanoid robot, for example.\n\"Every passing day, especially the more we learn about their AI expertise and how they're really driving the space ... we believe they have the pole position,\" she said, noting that Ark analysts were \"blown away\" by Musk's presentation.\nGrowth at all costs\nWood recognizes her growth-at-all-costs way of investing is not for everyone.\nTesla has lagged the broader market this year. Shares of Teladoc(TDOC), a telehealth company that is the second-largest holding in the Ark Innovation ETF and was a big winner at the start of the pandemic, are down more than 25% in 2021.\n\"We've seen higher-valuation stocks hit hard this year. But the growth for these innovative companies will still be treated well over time,\" Wood said during a webcast hosted by Cboe Global Markets in March.\nWood added that she thinks investors also should put a small percentage of their money in bitcoin, another risky bet. And she stressed that investors have to overlook the inevitable short-term bumps that come with any asset. It's essential to maintain longer-term convictions and invest for future growth, Wood believes.\n\"A lot of companies catering to short-term investors who wanted profits now [have] invested more in stock buybacks and dividends over innovation,\" she said. \"That puts them in harm's way.\"\nA colleague describes Wood's go-big-or-go-home approach as a model for the new way of investing. Too many fund managers are afraid to look far into the future when judging a company's merits, instead focusing myopically on the prior and next quarterly earnings reports.\n\"Cathie has been focusing on Tesla for a long time. She looks at it not just as an automobile manufacturer. You can't compare it to traditional car companies,\" Ark Invest's Ren Leggi, who works closely with Wood on investment decisions as the company's client portfolio manager, told CNN Business in March.\nWood's critics\nBut a growing chorus of skeptics think Wood's funds could eventually collapse. Michael Burry, one of the super-bearish investors made famous in \"The Big Short,\" recently established a short position on the Ark Innovation ETF — essentially betting that it will fall sharply.\nSome tech stock veterans also wonder if Wood is just an investing flavor of the month, comparing her to once-popular portfolio managers like Kevin Landis of Firsthand Funds, Alberto Vilar of Amerindo and Garrett Van Wagoner, who ran a popular emerging-growth fund in the late 1990s.\nMany of those tech funds imploded following the 2000 bubble. TheWall Street Journalwrote a catch-up piece about Van Wagoner and other late 1990s tech gurus in 2010 with the headline \"From Fame, Fortune to Flamed-Out Stars. Post-Bust Fates of Tech-Fund Mavens.\"\nIs Wood destined for similar ignominy?\nRivals take issue with Wood making such big bets on only a handful of stocks. The Ark Innovation ETF, for example, has nearly half its assets concentrated in its top 10 holdings. Beyond Tesla, that fund also owns sizable stakes in Roku(ROKU),Coinbase,Zoom(ZM) and Square(SQ).\nRoku is another example of a high-risk/high-reward stock that Wood loves.\n\"Our investment approach is similar to Ark in that we are focusing on tech. But we're different in that we avoid concentration,\"Jeremie Capron, head of research at ROBO Global, told CNN Business in March.\nThe top 10 holdings in theROBO Global Robotics and Automation Index(ROBO)ETF account for less than 20% of the fund's total assets, and the fund owns about 80 stocks. Ark funds typically own shares in only about 30 to 50 companies.\nFor the time being, Wood is having the last laugh.\nYes, her fund's returns may be volatile year-to-year — the Ark Innovation ETF fell nearly 25% in 2018 before rebounding 30% in 2019 — but it has tended to smooth out. The five-year average annualized return for the Ark Innovation ETF through mid-2021 was 48.6%, compared to 17.7% for the S&P 500.\nAs long as that long-term trend continues, Ark acolytes may forgive a down year every now and then as Wood continues to swing for the fences.","news_type":1,"symbols_score_info":{"TSLA":0.9,"ARKK":0.9,"ARKF":0.9,"ARKG":0.9,"ARKW":0.9}},"isVote":1,"tweetType":1,"viewCount":492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":864540186,"gmtCreate":1633134395662,"gmtModify":1633134395997,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>share stock","listText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>share stock","text":"$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$share stock","images":[{"img":"https://static.tigerbbs.com/bb4976cd6d4edb44a6c744aebb797323","width":"1125","height":"2539"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/864540186","isVote":1,"tweetType":1,"viewCount":1094,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":883164867,"gmtCreate":1631228082059,"gmtModify":1631893366548,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/883164867","repostId":"1150166367","repostType":4,"repost":{"id":"1150166367","kind":"news","pubTimestamp":1631166698,"share":"https://www.laohunote.com/m/news/1150166367?lang=zh_CN&edition=full","pubTime":"2021-09-09 13:51","market":"us","language":"en","title":"Day Trading: Rules, Risks, & Strategies<blockquote>日内交易：规则、风险和策略</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150166367","media":"Seeking Alpha","summary":"Thanks to the advent of online trading houses, it's far easier now to get in the game of day trading","content":"<p>Thanks to the advent of online trading houses, it's far easier now to get in the game of day trading. Before the Internet, only people working for large financial institutions, brokerages, or physical trading houses, could take part in the stock market in such an active fashion. Today, markets and transactions are accessible to almost anyone.</p><p><blockquote>由于在线交易所的出现，现在参与日内交易的游戏要容易得多。在互联网出现之前，只有为大型金融机构、经纪公司或实体交易所工作的人才能以如此活跃的方式参与股票市场。今天，几乎任何人都可以进入市场和交易。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/648c1300983659c803b16b3d0a0f74ec\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>MoMo Productions/DigitalVision via Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>MoMo Productions/DigitalVision 来自 Getty Images</span></p></blockquote></p><p> <b>What Da</b><b>y Tr</b><b>ading Is</b></p><p><blockquote><b>什么</b><b>和Tr</b><b>阿丁是</b></blockquote></p><p> At base, day trading consists of frequently buying, selling and short-selling equities in a short period of time, usually reversing out of several positions within the same trading session. The aim is to earn a profit on each trade, sometimes even small profits, and watch those gains compound. The practice can be risky, but also highly lucrative.</p><p><blockquote>在 base，日内交易包括在短时间内频繁买入、卖出和卖空股票，通常在同一交易时段内反转多个头寸。目标是在每笔交易中赚取利润，有时甚至是小额利润，并观察这些利润的复合。这种做法可能有风险，但也非常有利可图。</blockquote></p><p> Day trading may sound enticing for those looking to make a swift profit, but it can be extremely challenging to make a formidable career out of the practice. In fact, a study published by the University of California, Davis, in 2010 revealed that only 1% of day traders consistently make a living from that practice.</p><p><blockquote>对于那些希望快速获利的人来说，日内交易听起来可能很诱人，但从这种做法中获得令人敬畏的职业生涯可能是极具挑战性的。事实上，加州大学戴维斯分校 2010 年发表的一项研究显示，只有 1% 的日内交易者始终以这种做法为生。</blockquote></p><p> But for the few who can succeed in the high-stakes world of day trading, it likely will consume most to all of their time. It is very much a full-time job.</p><p><blockquote>但对于少数能够在高风险的日内交易世界中取得成功的人来说，这可能会占用他们大部分的时间。这在很大程度上是一份全职工作。</blockquote></p><p> <b>How Day Trading Works</b></p><p><blockquote><b>日内交易如何运作</b></blockquote></p><p> At its core, day trading is all about stock market volatility; day traders look for stocks that are on the move. Whether it’s positive or negative news which alters a stock’s trajectory, economic reports, corporate earnings, or simply a change in market mood, day traders cash in on rapid change. They enter and exit positions very quickly. Day traders must monitor positions closely, and often make quick, high-stakes decisions. There's no going to the pub for an afternoon drink hoping the positions they've taken will turn out.</p><p><blockquote>从本质上讲，日内交易就是股市波动；日内交易者寻找正在波动的股票。无论是改变股票轨迹、经济报告、企业盈利的正面或负面新闻，还是仅仅是市场情绪的变化，日内交易者都能从快速变化中获利。他们进出仓位非常快。日内交易者必须密切监控头寸，并经常做出快速、高风险的决定。没有人会去酒吧喝下午茶，希望他们采取的立场会成功。</blockquote></p><p> Something to note, opportunities are not limited to betting that an investment security will rise in price; traders can also profit by betting on downward price movements. Liquidity is also very important to day traders, even more so than other investors. Since day traders need to be able to move in and out of positions with ease, they need to look out for equities which are highly liquid.</p><p><blockquote>需要注意的是，机会不仅限于押注投资证券的价格会上涨；交易者还可以通过押注价格下跌来获利。流动性对于日内交易者来说也非常重要，甚至比其他投资者更重要。由于日内交易者需要能够轻松地进出头寸，他们需要留意流动性高的股票。</blockquote></p><p>   <i>Key Takeaway: Day trading is very much about stock market volatility; day traders look for stocks making moves over short time spans.</i>  Most day trading strategies offer a lot of flexibility, allowing day traders to keep their positions open from a few minutes to a few hours. The amount of time that the position is open depends on how the trade is doing and whether the day trader can seize a profit at that time.</p><p><blockquote><i>关键要点：日内交易很大程度上与股市波动性有关；日内交易者寻找在短时间内波动的股票。</i>大多数日内交易策略都提供了很大的灵活性，允许日内交易者将头寸保持在几分钟到几个小时之间。头寸的开仓时间取决于交易的进行情况以及日内交易者当时能否获利。</blockquote></p><p> Day traders can consider a variety of markets such as futures, equities, currencies, and options. And they can have access to all the exchanges via a direct access broker. It’s one of the fastest and most affordable ways to engage in day trading.</p><p><blockquote>日内交易者可以考虑各种市场，如期货、股票、货币和期权。他们可以通过直接访问经纪人访问所有的交易所。这是参与日内交易最快、最实惠的方式之一。</blockquote></p><p> <b>Methods of the Day Trader</b></p><p><blockquote><b>日内交易者的方法</b></blockquote></p><p> There are various types of day trading, each suited for different styles. They can range from short-term trading, where stocks are held for a few seconds or minutes, to more long-term positions where stocks are held throughout the trading day.</p><p><blockquote>日内交易有多种类型，每一种都适合不同的风格。它们的范围可以从短期交易（持有股票几秒钟或几分钟）到更长期的头寸（在整个交易日持有股票）。</blockquote></p><p> Day trader strategies include:</p><p><blockquote>日内交易者策略包括：</blockquote></p><p> <ul>  <li><b>Scalping:</b>This method seeks to make many small profits on small price changes throughout the day.</p><p><blockquote><ul><li><b>剥头皮：</b>这种方法试图从一天中微小的价格变化中获得许多小利润。</li></ul></blockquote></p><p></li>  <li><b>Range trading:</b>This method mostly relies on support and resistance levels to make decisions. (<i>Support and resistance levels are concepts which assist traders to fully comprehend and act in the markets. Support refers to a price level where a downtrend is interrupted due to rising demand for an asset. Resistance refers to a level where an uptrend reverses a sell-off</i>.)</p><p><blockquote><li><b>区间交易：</b>这种方法主要依靠支撑位和阻力位来做出决策。（<i>支撑位和阻力位是帮助交易者充分理解市场并在市场中行动的概念。支撑位是指由于资产需求上升而导致下降趋势中断的价格水平。阻力位是指上升趋势逆转抛售的水平</i>.)</li></blockquote></p><p></li>  <li><b>News-based trading:</b>Here, day traders take advantage of volatility surrounding news events.</p><p><blockquote><li><b>基于新闻的交易：</b>在这里，日内交易者利用围绕新闻事件的波动性。</li></blockquote></p><p></li>  <li><b>High-frequency trading ((HFT)):</b>This method utilizes algorithms to exploit small or short-term market inefficiencies.</p><p><blockquote><li><b>高频交易（（HFT））：</b>这种方法利用算法来利用小的或短期的市场效率低下。</li></blockquote></p><p></li> </ul> <b>Swing Trading vs. Trend Trading vs. Buy and Hold</b></p><p><blockquote><b>波段交易与趋势交易。买入并持有</b></blockquote></p><p> While a day trader closes out his positions at the end of each trading day, a swing trader can hold her positions for days to even weeks before selling. In&nbsp;swing trading, since there is more time for an equity’s price to increase, there is also more opportunity to profit. With the right selling strategy, swing trading can be much less risky than day trading.</p><p><blockquote>日内交易者在每个交易日结束时平仓，而波段交易者可以在卖出前持有头寸数天甚至数周。在波段交易中，由于股票价格上涨的时间更多，因此获利的机会也更多。有了正确的销售策略，波段交易的风险比日内交易小得多。</blockquote></p><p> By contrast, trend trading involves using a stock’s past price movements to make predictions on its future trajectory. Since trend traders operate on a longer timeline, they can also gauge broader economic trends and business cycles to determine when to buy and sell a stock. This strategy isn’t usually applied by day traders or swing traders.</p><p><blockquote>相比之下，趋势交易涉及利用股票过去的价格变动来预测其未来的轨迹。由于趋势交易者的操作时间较长，他们还可以衡量更广泛的经济趋势和商业周期，以确定何时买卖股票。日内交易者或波段交易者通常不采用这种策略。</blockquote></p><p></p><p> Meanwhile, buy-and-hold is often hailed as one of the best strategies available to investors. Under this approach, investors buy an asset and hold it for a few years or even decades, if they wish to, no matter what bumps occur along the way. The aim of this highly passive investing style is to ride out short-term market instability and losses in order to maximize returns over the long term. This is the basis for most long-term investing programs like 401(k)s and IRAs.</p><p><blockquote>与此同时，买入并持有通常被誉为投资者的最佳策略之一。在这种方法下，投资者购买一项资产并持有几年甚至几十年，如果他们愿意的话，无论一路上发生什么挫折。这种高度被动的投资风格的目的是克服短期市场不稳定和损失，以实现长期回报最大化。这是 401(k) 和 IRA 等大多数长期投资计划的基础。</blockquote></p><p> <b>Buying on Margin</b></p><p><blockquote><b>保证金购买</b></blockquote></p><p> Day traders often use borrowed money to make trades, a method called “buying on margin.” With a margin account, a trader can use the securities they already own as leverage to borrow up to 50% of the value of the security they’re going to buy. Buying on margin can help day traders increase their profits substantially — far more than what they could have made using their own money. But the practice doesn’t come without risks. Leverage magnifies one's losses when trades don't work out, resulting in costly&nbsp;margin calls.</p><p><blockquote>日内交易者经常使用借来的钱进行交易，这种方法被称为 “保证金购买 ”。有了保证金账户，交易者可以利用他们已经拥有的证券作为杠杆，借入高达他们要购买的证券价值 50% 的资金。保证金购买可以帮助日内交易者大幅增加利润——远远超过他们用自己的钱所能获得的利润。但这种做法并非没有风险。当交易不成功时，杠杆会放大一个人的损失，导致代价高昂的保证金评级。</blockquote></p><p> <b>Day Trading Rules and Risks</b></p><p><blockquote><b>日内交易规则和风险</b></blockquote></p><p> While day trading is neither illegal nor unethical, it can be extremely risky. In fact, the Securities and Exchange Commission&nbsp;warns on its website&nbsp;that the practice can result in substantial financial losses in a very short time.</p><p><blockquote>虽然日内交易既不违法也不道德，但风险极大。事实上，美国证券交易委员会在其网站上警告说，这种做法可能会在很短的时间内导致巨大的经济损失。</blockquote></p><p> While conventional investing involves the careful analysis of stocks to determine whether an investment is wise, day traders use state-of-the-art technology and technical analysis to spot intraday trends. The risks to investors can be so grave that the Financial Industry Regulatory Authority has rules in place to monitor this fast-moving practice.</p><p><blockquote>传统投资涉及仔细分析股票以确定投资是否明智，而日内交易者则使用最先进的技术和技术分析来发现日内趋势。投资者面临的风险可能非常严重，以至于金融业监管机构制定了规则来监控这种快速变化的做法。</blockquote></p><p>   <i>Key Takeaway: Day trading is neither illegal nor unethical, but it can be extraordinarily risky. The SEC warns that it can result in substantial financial losses in a very short time.</i>  In addition to the SEC, FINRA also provides oversight of day traders and enforces certain rules and limitations. For instance, it specifies that a \"pattern day trader\" must maintain at minimum $25,000 in equity on any day that they day trade. (A non-pattern day trader is only required to maintain $2,000). Furthermore, the required minimum equity must be in the account before any day-trading begins. And if the account slips below $25,000, day trading is not permitted until it is restored.</p><p><blockquote><i>关键要点：日内交易既不违法也不道德，但风险极大。美国证券交易委员会警告说，这可能会在很短的时间内导致巨大的经济损失。</i>除了SEC之外，FINRA还对日内交易者进行监督，并执行某些规则和限制。例如，它规定“模式日内交易者”必须在日内交易的任何一天保持至少25,000美元的股本。（一个非模式日内交易者只需要维持2000美元）。此外，在任何日内交易开始之前，账户中必须有所需的最低权益。如果账户跌破 25,000 美元，则在账户恢复之前不允许进行日内交易。</blockquote></p><p> A day trader may trade up to four times the account's maintenance margin excess as of end of business of the previous day. If a day trader exceeds that limit, however, the brokerage firm will issue a day-trading margin call. The day trader will then have, at most, five business days to deposit funds to meet that call. The brokerage firm can also charge a commission for these transactions.</p><p><blockquote>日内交易者的交易最多可以达到前一天交易结束时账户维持保证金超额的四倍。然而，如果日内交易者超过该限额，经纪公司将发行日内交易保证金看涨期权。日内交易者最多有五个工作日的时间来存入资金以满足该看涨期权。经纪公司也可以对这些交易收取佣金。</blockquote></p><p> <b>Does Cryptocurrency Trading Count as Day Trading?</b></p><p><blockquote><b>加密货币交易算日内交易吗？</b></blockquote></p><p> Another way to get involved in day trading is via cryptocurrencies. But since they aren’t regulated by the SEC or FINRA, at least at this point, investors won’t have to worry about day trading limits.</p><p><blockquote>参与日内交易的另一种方式是通过加密货币。但由于它们不受美国证券交易委员会（SEC）或美国金融监管局（FINRA）的监管，至少在目前，投资者不必担心日内交易限制。</blockquote></p><p> <b>Day Trading Taxes</b></p><p><blockquote><b>日内交易税</b></blockquote></p><p> Day trading doesn’t qualify for favorable tax treatment. Successful day traders are expected to pay income taxes just like traditional investors in the stock market. In very rare cases, day traders can apply for special day trader tax treatment with the IRS. To qualify for that status, the IRS looks for the following criteria: 1) Profit seeking must derive from daily market movements in securities' prices, not from dividends or longer-term capital appreciation. 2) Market activity must be high. 3) The investor must be trading with both continuity and regularity.</p><p><blockquote>日内交易不符合税收优惠的条件。成功的日内交易者需要像股票市场的传统投资者一样缴纳所得税。在极少数情况下，日内交易者可以向美国国税局申请特殊的日内交易者税收待遇。为了获得这一地位，美国国税局寻找以下标准： 1) 追求利润必须来自证券价格的每日市场变动，而不是来自股息或长期资本增值。2）市场活跃度必须高。3）投资者的交易必须具有连续性和规律性。</blockquote></p><p> But for those who aren’t eligible, the following rules apply:</p><p><blockquote>但对于不符合条件的人，适用以下规则：</blockquote></p><p> <ul>  <li>Day traders are required to pay taxes on investment gains in the year they sell.</p><p><blockquote><ul><li>日内交易者需要在出售当年为投资收益纳税。</li></ul></blockquote></p><p></li>  <li>Day traders may offset gains against losses, but the gains they offset cannot total more than their losses.</p><p><blockquote><li>日内交易者可以用损失来抵消收益，但他们抵消的收益不能超过损失。</li></blockquote></p><p></li>  <li>If positions are held for a year or less, ordinary income taxes apply to any gains.</p><p><blockquote><li>如果持仓时间为一年或更短时间，则任何收益均需缴纳普通所得税。</li></blockquote></p><p></li> </ul> <b>Is Day Trading for Everyone?</b></p><p><blockquote><b>日内交易适合所有人吗？</b></blockquote></p><p> For a new investor just starting to get into the markets, day trading likely isn’t suitable. Most day traders bring with them substantial training and knowledge about the markets. And with just one bad trade, large amounts of money can be lost very quickly.</p><p><blockquote>对于刚刚开始进入市场的新投资者来说，日内交易可能并不合适。大多数日内交易者都带来了大量的培训和市场知识。只要一笔糟糕的交易，大量的钱就会很快损失。</blockquote></p><p>   <i>Tip: Day trading isn't usually advised for newer investors. Most day traders possess substantial training and knowledge about the markets.</i>  Unlike brokers who trade other people’s money, day traders are putting their own assets on the line. That’s precisely why regulatory bodies warn investors of the pitfalls associated with this type of trading.</p><p><blockquote><i>提示：通常不建议新投资者进行日内交易。大多数日内交易者都接受过大量的培训和市场知识。</i>与交易他人资金的经纪人不同，日内交易者将自己的资产置于危险之中。这正是监管机构警告投资者此类交易存在陷阱的原因。</blockquote></p><p> Many professional money managers even shy away from the practice of day trading. They argue that the benefits don’t warrant the risks. But for all the perils, there seem to be some people who can make a great deal of money.</p><p><blockquote>许多专业资金经理甚至回避日内交易的实践。他们认为，好处不足以抵消风险。但是尽管有种种危险，似乎还是有一些人可以赚很多钱。</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>Day Trading: Rules, Risks, & Strategies<blockquote>日内交易：规则、风险和策略</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\">\nDay Trading: Rules, Risks, & Strategies<blockquote>日内交易：规则、风险和策略</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-09-09 13:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Thanks to the advent of online trading houses, it's far easier now to get in the game of day trading. Before the Internet, only people working for large financial institutions, brokerages, or physical trading houses, could take part in the stock market in such an active fashion. Today, markets and transactions are accessible to almost anyone.</p><p><blockquote>由于在线交易所的出现，现在参与日内交易的游戏要容易得多。在互联网出现之前，只有为大型金融机构、经纪公司或实体交易所工作的人才能以如此活跃的方式参与股票市场。今天，几乎任何人都可以进入市场和交易。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/648c1300983659c803b16b3d0a0f74ec\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>MoMo Productions/DigitalVision via Getty Images</span></p><p><blockquote><p class=\"t-img-caption\"><span>MoMo Productions/DigitalVision 来自 Getty Images</span></p></blockquote></p><p> <b>What Da</b><b>y Tr</b><b>ading Is</b></p><p><blockquote><b>什么</b><b>和Tr</b><b>阿丁是</b></blockquote></p><p> At base, day trading consists of frequently buying, selling and short-selling equities in a short period of time, usually reversing out of several positions within the same trading session. The aim is to earn a profit on each trade, sometimes even small profits, and watch those gains compound. The practice can be risky, but also highly lucrative.</p><p><blockquote>在 base，日内交易包括在短时间内频繁买入、卖出和卖空股票，通常在同一交易时段内反转多个头寸。目标是在每笔交易中赚取利润，有时甚至是小额利润，并观察这些利润的复合。这种做法可能有风险，但也非常有利可图。</blockquote></p><p> Day trading may sound enticing for those looking to make a swift profit, but it can be extremely challenging to make a formidable career out of the practice. In fact, a study published by the University of California, Davis, in 2010 revealed that only 1% of day traders consistently make a living from that practice.</p><p><blockquote>对于那些希望快速获利的人来说，日内交易听起来可能很诱人，但从这种做法中获得令人敬畏的职业生涯可能是极具挑战性的。事实上，加州大学戴维斯分校 2010 年发表的一项研究显示，只有 1% 的日内交易者始终以这种做法为生。</blockquote></p><p> But for the few who can succeed in the high-stakes world of day trading, it likely will consume most to all of their time. It is very much a full-time job.</p><p><blockquote>但对于少数能够在高风险的日内交易世界中取得成功的人来说，这可能会占用他们大部分的时间。这在很大程度上是一份全职工作。</blockquote></p><p> <b>How Day Trading Works</b></p><p><blockquote><b>日内交易如何运作</b></blockquote></p><p> At its core, day trading is all about stock market volatility; day traders look for stocks that are on the move. Whether it’s positive or negative news which alters a stock’s trajectory, economic reports, corporate earnings, or simply a change in market mood, day traders cash in on rapid change. They enter and exit positions very quickly. Day traders must monitor positions closely, and often make quick, high-stakes decisions. There's no going to the pub for an afternoon drink hoping the positions they've taken will turn out.</p><p><blockquote>从本质上讲，日内交易就是股市波动；日内交易者寻找正在波动的股票。无论是改变股票轨迹、经济报告、企业盈利的正面或负面新闻，还是仅仅是市场情绪的变化，日内交易者都能从快速变化中获利。他们进出仓位非常快。日内交易者必须密切监控头寸，并经常做出快速、高风险的决定。没有人会去酒吧喝下午茶，希望他们采取的立场会成功。</blockquote></p><p> Something to note, opportunities are not limited to betting that an investment security will rise in price; traders can also profit by betting on downward price movements. Liquidity is also very important to day traders, even more so than other investors. Since day traders need to be able to move in and out of positions with ease, they need to look out for equities which are highly liquid.</p><p><blockquote>需要注意的是，机会不仅限于押注投资证券的价格会上涨；交易者还可以通过押注价格下跌来获利。流动性对于日内交易者来说也非常重要，甚至比其他投资者更重要。由于日内交易者需要能够轻松地进出头寸，他们需要留意流动性高的股票。</blockquote></p><p>   <i>Key Takeaway: Day trading is very much about stock market volatility; day traders look for stocks making moves over short time spans.</i>  Most day trading strategies offer a lot of flexibility, allowing day traders to keep their positions open from a few minutes to a few hours. The amount of time that the position is open depends on how the trade is doing and whether the day trader can seize a profit at that time.</p><p><blockquote><i>关键要点：日内交易很大程度上与股市波动性有关；日内交易者寻找在短时间内波动的股票。</i>大多数日内交易策略都提供了很大的灵活性，允许日内交易者将头寸保持在几分钟到几个小时之间。头寸的开仓时间取决于交易的进行情况以及日内交易者当时能否获利。</blockquote></p><p> Day traders can consider a variety of markets such as futures, equities, currencies, and options. And they can have access to all the exchanges via a direct access broker. It’s one of the fastest and most affordable ways to engage in day trading.</p><p><blockquote>日内交易者可以考虑各种市场，如期货、股票、货币和期权。他们可以通过直接访问经纪人访问所有的交易所。这是参与日内交易最快、最实惠的方式之一。</blockquote></p><p> <b>Methods of the Day Trader</b></p><p><blockquote><b>日内交易者的方法</b></blockquote></p><p> There are various types of day trading, each suited for different styles. They can range from short-term trading, where stocks are held for a few seconds or minutes, to more long-term positions where stocks are held throughout the trading day.</p><p><blockquote>日内交易有多种类型，每一种都适合不同的风格。它们的范围可以从短期交易（持有股票几秒钟或几分钟）到更长期的头寸（在整个交易日持有股票）。</blockquote></p><p> Day trader strategies include:</p><p><blockquote>日内交易者策略包括：</blockquote></p><p> <ul>  <li><b>Scalping:</b>This method seeks to make many small profits on small price changes throughout the day.</p><p><blockquote><ul><li><b>剥头皮：</b>这种方法试图从一天中微小的价格变化中获得许多小利润。</li></ul></blockquote></p><p></li>  <li><b>Range trading:</b>This method mostly relies on support and resistance levels to make decisions. (<i>Support and resistance levels are concepts which assist traders to fully comprehend and act in the markets. Support refers to a price level where a downtrend is interrupted due to rising demand for an asset. Resistance refers to a level where an uptrend reverses a sell-off</i>.)</p><p><blockquote><li><b>区间交易：</b>这种方法主要依靠支撑位和阻力位来做出决策。（<i>支撑位和阻力位是帮助交易者充分理解市场并在市场中行动的概念。支撑位是指由于资产需求上升而导致下降趋势中断的价格水平。阻力位是指上升趋势逆转抛售的水平</i>.)</li></blockquote></p><p></li>  <li><b>News-based trading:</b>Here, day traders take advantage of volatility surrounding news events.</p><p><blockquote><li><b>基于新闻的交易：</b>在这里，日内交易者利用围绕新闻事件的波动性。</li></blockquote></p><p></li>  <li><b>High-frequency trading ((HFT)):</b>This method utilizes algorithms to exploit small or short-term market inefficiencies.</p><p><blockquote><li><b>高频交易（（HFT））：</b>这种方法利用算法来利用小的或短期的市场效率低下。</li></blockquote></p><p></li> </ul> <b>Swing Trading vs. Trend Trading vs. Buy and Hold</b></p><p><blockquote><b>波段交易与趋势交易。买入并持有</b></blockquote></p><p> While a day trader closes out his positions at the end of each trading day, a swing trader can hold her positions for days to even weeks before selling. In&nbsp;swing trading, since there is more time for an equity’s price to increase, there is also more opportunity to profit. With the right selling strategy, swing trading can be much less risky than day trading.</p><p><blockquote>日内交易者在每个交易日结束时平仓，而波段交易者可以在卖出前持有头寸数天甚至数周。在波段交易中，由于股票价格上涨的时间更多，因此获利的机会也更多。有了正确的销售策略，波段交易的风险比日内交易小得多。</blockquote></p><p> By contrast, trend trading involves using a stock’s past price movements to make predictions on its future trajectory. Since trend traders operate on a longer timeline, they can also gauge broader economic trends and business cycles to determine when to buy and sell a stock. This strategy isn’t usually applied by day traders or swing traders.</p><p><blockquote>相比之下，趋势交易涉及利用股票过去的价格变动来预测其未来的轨迹。由于趋势交易者的操作时间较长，他们还可以衡量更广泛的经济趋势和商业周期，以确定何时买卖股票。日内交易者或波段交易者通常不采用这种策略。</blockquote></p><p></p><p> Meanwhile, buy-and-hold is often hailed as one of the best strategies available to investors. Under this approach, investors buy an asset and hold it for a few years or even decades, if they wish to, no matter what bumps occur along the way. The aim of this highly passive investing style is to ride out short-term market instability and losses in order to maximize returns over the long term. This is the basis for most long-term investing programs like 401(k)s and IRAs.</p><p><blockquote>与此同时，买入并持有通常被誉为投资者的最佳策略之一。在这种方法下，投资者购买一项资产并持有几年甚至几十年，如果他们愿意的话，无论一路上发生什么挫折。这种高度被动的投资风格的目的是克服短期市场不稳定和损失，以实现长期回报最大化。这是 401(k) 和 IRA 等大多数长期投资计划的基础。</blockquote></p><p> <b>Buying on Margin</b></p><p><blockquote><b>保证金购买</b></blockquote></p><p> Day traders often use borrowed money to make trades, a method called “buying on margin.” With a margin account, a trader can use the securities they already own as leverage to borrow up to 50% of the value of the security they’re going to buy. Buying on margin can help day traders increase their profits substantially — far more than what they could have made using their own money. But the practice doesn’t come without risks. Leverage magnifies one's losses when trades don't work out, resulting in costly&nbsp;margin calls.</p><p><blockquote>日内交易者经常使用借来的钱进行交易，这种方法被称为 “保证金购买 ”。有了保证金账户，交易者可以利用他们已经拥有的证券作为杠杆，借入高达他们要购买的证券价值 50% 的资金。保证金购买可以帮助日内交易者大幅增加利润——远远超过他们用自己的钱所能获得的利润。但这种做法并非没有风险。当交易不成功时，杠杆会放大一个人的损失，导致代价高昂的保证金评级。</blockquote></p><p> <b>Day Trading Rules and Risks</b></p><p><blockquote><b>日内交易规则和风险</b></blockquote></p><p> While day trading is neither illegal nor unethical, it can be extremely risky. In fact, the Securities and Exchange Commission&nbsp;warns on its website&nbsp;that the practice can result in substantial financial losses in a very short time.</p><p><blockquote>虽然日内交易既不违法也不道德，但风险极大。事实上，美国证券交易委员会在其网站上警告说，这种做法可能会在很短的时间内导致巨大的经济损失。</blockquote></p><p> While conventional investing involves the careful analysis of stocks to determine whether an investment is wise, day traders use state-of-the-art technology and technical analysis to spot intraday trends. The risks to investors can be so grave that the Financial Industry Regulatory Authority has rules in place to monitor this fast-moving practice.</p><p><blockquote>传统投资涉及仔细分析股票以确定投资是否明智，而日内交易者则使用最先进的技术和技术分析来发现日内趋势。投资者面临的风险可能非常严重，以至于金融业监管机构制定了规则来监控这种快速变化的做法。</blockquote></p><p>   <i>Key Takeaway: Day trading is neither illegal nor unethical, but it can be extraordinarily risky. The SEC warns that it can result in substantial financial losses in a very short time.</i>  In addition to the SEC, FINRA also provides oversight of day traders and enforces certain rules and limitations. For instance, it specifies that a \"pattern day trader\" must maintain at minimum $25,000 in equity on any day that they day trade. (A non-pattern day trader is only required to maintain $2,000). Furthermore, the required minimum equity must be in the account before any day-trading begins. And if the account slips below $25,000, day trading is not permitted until it is restored.</p><p><blockquote><i>关键要点：日内交易既不违法也不道德，但风险极大。美国证券交易委员会警告说，这可能会在很短的时间内导致巨大的经济损失。</i>除了SEC之外，FINRA还对日内交易者进行监督，并执行某些规则和限制。例如，它规定“模式日内交易者”必须在日内交易的任何一天保持至少25,000美元的股本。（一个非模式日内交易者只需要维持2000美元）。此外，在任何日内交易开始之前，账户中必须有所需的最低权益。如果账户跌破 25,000 美元，则在账户恢复之前不允许进行日内交易。</blockquote></p><p> A day trader may trade up to four times the account's maintenance margin excess as of end of business of the previous day. If a day trader exceeds that limit, however, the brokerage firm will issue a day-trading margin call. The day trader will then have, at most, five business days to deposit funds to meet that call. The brokerage firm can also charge a commission for these transactions.</p><p><blockquote>日内交易者的交易最多可以达到前一天交易结束时账户维持保证金超额的四倍。然而，如果日内交易者超过该限额，经纪公司将发行日内交易保证金看涨期权。日内交易者最多有五个工作日的时间来存入资金以满足该看涨期权。经纪公司也可以对这些交易收取佣金。</blockquote></p><p> <b>Does Cryptocurrency Trading Count as Day Trading?</b></p><p><blockquote><b>加密货币交易算日内交易吗？</b></blockquote></p><p> Another way to get involved in day trading is via cryptocurrencies. But since they aren’t regulated by the SEC or FINRA, at least at this point, investors won’t have to worry about day trading limits.</p><p><blockquote>参与日内交易的另一种方式是通过加密货币。但由于它们不受美国证券交易委员会（SEC）或美国金融监管局（FINRA）的监管，至少在目前，投资者不必担心日内交易限制。</blockquote></p><p> <b>Day Trading Taxes</b></p><p><blockquote><b>日内交易税</b></blockquote></p><p> Day trading doesn’t qualify for favorable tax treatment. Successful day traders are expected to pay income taxes just like traditional investors in the stock market. In very rare cases, day traders can apply for special day trader tax treatment with the IRS. To qualify for that status, the IRS looks for the following criteria: 1) Profit seeking must derive from daily market movements in securities' prices, not from dividends or longer-term capital appreciation. 2) Market activity must be high. 3) The investor must be trading with both continuity and regularity.</p><p><blockquote>日内交易不符合税收优惠的条件。成功的日内交易者需要像股票市场的传统投资者一样缴纳所得税。在极少数情况下，日内交易者可以向美国国税局申请特殊的日内交易者税收待遇。为了获得这一地位，美国国税局寻找以下标准： 1) 追求利润必须来自证券价格的每日市场变动，而不是来自股息或长期资本增值。2）市场活跃度必须高。3）投资者的交易必须具有连续性和规律性。</blockquote></p><p> But for those who aren’t eligible, the following rules apply:</p><p><blockquote>但对于不符合条件的人，适用以下规则：</blockquote></p><p> <ul>  <li>Day traders are required to pay taxes on investment gains in the year they sell.</p><p><blockquote><ul><li>日内交易者需要在出售当年为投资收益纳税。</li></ul></blockquote></p><p></li>  <li>Day traders may offset gains against losses, but the gains they offset cannot total more than their losses.</p><p><blockquote><li>日内交易者可以用损失来抵消收益，但他们抵消的收益不能超过损失。</li></blockquote></p><p></li>  <li>If positions are held for a year or less, ordinary income taxes apply to any gains.</p><p><blockquote><li>如果持仓时间为一年或更短时间，则任何收益均需缴纳普通所得税。</li></blockquote></p><p></li> </ul> <b>Is Day Trading for Everyone?</b></p><p><blockquote><b>日内交易适合所有人吗？</b></blockquote></p><p> For a new investor just starting to get into the markets, day trading likely isn’t suitable. Most day traders bring with them substantial training and knowledge about the markets. And with just one bad trade, large amounts of money can be lost very quickly.</p><p><blockquote>对于刚刚开始进入市场的新投资者来说，日内交易可能并不合适。大多数日内交易者都带来了大量的培训和市场知识。只要一笔糟糕的交易，大量的钱就会很快损失。</blockquote></p><p>   <i>Tip: Day trading isn't usually advised for newer investors. Most day traders possess substantial training and knowledge about the markets.</i>  Unlike brokers who trade other people’s money, day traders are putting their own assets on the line. That’s precisely why regulatory bodies warn investors of the pitfalls associated with this type of trading.</p><p><blockquote><i>提示：通常不建议新投资者进行日内交易。大多数日内交易者都接受过大量的培训和市场知识。</i>与交易他人资金的经纪人不同，日内交易者将自己的资产置于危险之中。这正是监管机构警告投资者此类交易存在陷阱的原因。</blockquote></p><p> Many professional money managers even shy away from the practice of day trading. They argue that the benefits don’t warrant the risks. But for all the perils, there seem to be some people who can make a great deal of money.</p><p><blockquote>许多专业资金经理甚至回避日内交易的实践。他们认为，好处不足以抵消风险。但是尽管有种种危险，似乎还是有一些人可以赚很多钱。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4453955-what-is-day-trading\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/article/4453955-what-is-day-trading","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150166367","content_text":"Thanks to the advent of online trading houses, it's far easier now to get in the game of day trading. Before the Internet, only people working for large financial institutions, brokerages, or physical trading houses, could take part in the stock market in such an active fashion. Today, markets and transactions are accessible to almost anyone.\nMoMo Productions/DigitalVision via Getty Images\nWhat Day Trading Is\nAt base, day trading consists of frequently buying, selling and short-selling equities in a short period of time, usually reversing out of several positions within the same trading session. The aim is to earn a profit on each trade, sometimes even small profits, and watch those gains compound. The practice can be risky, but also highly lucrative.\nDay trading may sound enticing for those looking to make a swift profit, but it can be extremely challenging to make a formidable career out of the practice. In fact, a study published by the University of California, Davis, in 2010 revealed that only 1% of day traders consistently make a living from that practice.\nBut for the few who can succeed in the high-stakes world of day trading, it likely will consume most to all of their time. It is very much a full-time job.\nHow Day Trading Works\nAt its core, day trading is all about stock market volatility; day traders look for stocks that are on the move. Whether it’s positive or negative news which alters a stock’s trajectory, economic reports, corporate earnings, or simply a change in market mood, day traders cash in on rapid change. They enter and exit positions very quickly. Day traders must monitor positions closely, and often make quick, high-stakes decisions. There's no going to the pub for an afternoon drink hoping the positions they've taken will turn out.\nSomething to note, opportunities are not limited to betting that an investment security will rise in price; traders can also profit by betting on downward price movements. Liquidity is also very important to day traders, even more so than other investors. Since day traders need to be able to move in and out of positions with ease, they need to look out for equities which are highly liquid.\n\nKey Takeaway: Day trading is very much about stock market volatility; day traders look for stocks making moves over short time spans.\n\nMost day trading strategies offer a lot of flexibility, allowing day traders to keep their positions open from a few minutes to a few hours. The amount of time that the position is open depends on how the trade is doing and whether the day trader can seize a profit at that time.\nDay traders can consider a variety of markets such as futures, equities, currencies, and options. And they can have access to all the exchanges via a direct access broker. It’s one of the fastest and most affordable ways to engage in day trading.\nMethods of the Day Trader\nThere are various types of day trading, each suited for different styles. They can range from short-term trading, where stocks are held for a few seconds or minutes, to more long-term positions where stocks are held throughout the trading day.\nDay trader strategies include:\n\nScalping:This method seeks to make many small profits on small price changes throughout the day.\nRange trading:This method mostly relies on support and resistance levels to make decisions. (Support and resistance levels are concepts which assist traders to fully comprehend and act in the markets. Support refers to a price level where a downtrend is interrupted due to rising demand for an asset. Resistance refers to a level where an uptrend reverses a sell-off.)\nNews-based trading:Here, day traders take advantage of volatility surrounding news events.\nHigh-frequency trading ((HFT)):This method utilizes algorithms to exploit small or short-term market inefficiencies.\n\nSwing Trading vs. Trend Trading vs. Buy and Hold\nWhile a day trader closes out his positions at the end of each trading day, a swing trader can hold her positions for days to even weeks before selling. In swing trading, since there is more time for an equity’s price to increase, there is also more opportunity to profit. With the right selling strategy, swing trading can be much less risky than day trading.\nBy contrast, trend trading involves using a stock’s past price movements to make predictions on its future trajectory. Since trend traders operate on a longer timeline, they can also gauge broader economic trends and business cycles to determine when to buy and sell a stock. This strategy isn’t usually applied by day traders or swing traders.\nMeanwhile, buy-and-hold is often hailed as one of the best strategies available to investors. Under this approach, investors buy an asset and hold it for a few years or even decades, if they wish to, no matter what bumps occur along the way. The aim of this highly passive investing style is to ride out short-term market instability and losses in order to maximize returns over the long term. This is the basis for most long-term investing programs like 401(k)s and IRAs.\nBuying on Margin\nDay traders often use borrowed money to make trades, a method called “buying on margin.” With a margin account, a trader can use the securities they already own as leverage to borrow up to 50% of the value of the security they’re going to buy. Buying on margin can help day traders increase their profits substantially — far more than what they could have made using their own money. But the practice doesn’t come without risks. Leverage magnifies one's losses when trades don't work out, resulting in costly margin calls.\nDay Trading Rules and Risks\nWhile day trading is neither illegal nor unethical, it can be extremely risky. In fact, the Securities and Exchange Commission warns on its website that the practice can result in substantial financial losses in a very short time.\nWhile conventional investing involves the careful analysis of stocks to determine whether an investment is wise, day traders use state-of-the-art technology and technical analysis to spot intraday trends. The risks to investors can be so grave that the Financial Industry Regulatory Authority has rules in place to monitor this fast-moving practice.\n\nKey Takeaway: Day trading is neither illegal nor unethical, but it can be extraordinarily risky. The SEC warns that it can result in substantial financial losses in a very short time.\n\nIn addition to the SEC, FINRA also provides oversight of day traders and enforces certain rules and limitations. For instance, it specifies that a \"pattern day trader\" must maintain at minimum $25,000 in equity on any day that they day trade. (A non-pattern day trader is only required to maintain $2,000). Furthermore, the required minimum equity must be in the account before any day-trading begins. And if the account slips below $25,000, day trading is not permitted until it is restored.\nA day trader may trade up to four times the account's maintenance margin excess as of end of business of the previous day. If a day trader exceeds that limit, however, the brokerage firm will issue a day-trading margin call. The day trader will then have, at most, five business days to deposit funds to meet that call. The brokerage firm can also charge a commission for these transactions.\nDoes Cryptocurrency Trading Count as Day Trading?\nAnother way to get involved in day trading is via cryptocurrencies. But since they aren’t regulated by the SEC or FINRA, at least at this point, investors won’t have to worry about day trading limits.\nDay Trading Taxes\nDay trading doesn’t qualify for favorable tax treatment. Successful day traders are expected to pay income taxes just like traditional investors in the stock market. In very rare cases, day traders can apply for special day trader tax treatment with the IRS. To qualify for that status, the IRS looks for the following criteria: 1) Profit seeking must derive from daily market movements in securities' prices, not from dividends or longer-term capital appreciation. 2) Market activity must be high. 3) The investor must be trading with both continuity and regularity.\nBut for those who aren’t eligible, the following rules apply:\n\nDay traders are required to pay taxes on investment gains in the year they sell.\nDay traders may offset gains against losses, but the gains they offset cannot total more than their losses.\nIf positions are held for a year or less, ordinary income taxes apply to any gains.\n\nIs Day Trading for Everyone?\nFor a new investor just starting to get into the markets, day trading likely isn’t suitable. Most day traders bring with them substantial training and knowledge about the markets. And with just one bad trade, large amounts of money can be lost very quickly.\n\nTip: Day trading isn't usually advised for newer investors. Most day traders possess substantial training and knowledge about the markets.\n\nUnlike brokers who trade other people’s money, day traders are putting their own assets on the line. That’s precisely why regulatory bodies warn investors of the pitfalls associated with this type of trading.\nMany professional money managers even shy away from the practice of day trading. They argue that the benefits don’t warrant the risks. But for all the perils, there seem to be some people who can make a great deal of money.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178672883,"gmtCreate":1626821566242,"gmtModify":1633770804392,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"Please like, thank you.","listText":"Please like, thank you.","text":"Please like, thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/178672883","repostId":"1109861258","repostType":4,"repost":{"id":"1109861258","kind":"news","pubTimestamp":1626793354,"share":"https://www.laohunote.com/m/news/1109861258?lang=zh_CN&edition=full","pubTime":"2021-07-20 23:02","market":"us","language":"en","title":"Behind The Plunge In Yields: This Is A Growth Story, Not A Rethink Of Inflation<blockquote>收益率暴跌背后：这是一个增长故事，而不是对通胀的反思</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109861258","media":"zerohedge","summary":"In a notable turn of events, the overnight session saw an initial attempt at a modest reversal in th","content":"<p>In a notable turn of events, the overnight session saw an initial attempt at a modest reversal in the recent Treasury rally only to be met with further buying interest. The net result was a tick lower in 10-year yields that brought the benchmark to levels not seen since mid-February.</p><p><blockquote>值得注意的是，隔夜交易中，最近的国债反弹最初试图小幅逆转，但遭到了进一步的购买兴趣。最终结果是 10 年期国债收益率略有下降，使基准利率达到 2 月中旬以来的最高水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/48f958db8d2903a76ff6541648b287fc\" tg-width=\"1223\" tg-height=\"687\" width=\"100%\" height=\"auto\">With the next technical target sill 5 bps away, we’ll be watching the interplay between risk assets and US rates as the delta-inspired repricing continues. We’re cognizant that the severity of the recent move has led to stretched momentum measures, implying incremental gains will be more difficult to achieve. This isn’t to suggest the floor for rates is evident at the moment, rather that it should be anticipated that the pace of the rally will slow.<b>There has been plenty of chatter surrounding the possibility 10- year yields dip below 1.0%; an eventuality that would be a short-lived endeavor, but not one that’s off the table.</b>More immediately however, will be gauging the extent to which rising case counts can carry yields even lower from here.</p><p><blockquote>距离下一个技术目标门槛还有 5 个基点，我们将关注风险资产与美国利率之间的相互作用，因为受 delta 启发的重新定价仍在继续。我们认识到，最近这一举措的严重性导致动量措施捉襟见肘，这意味着增量收益将更加难以实现。这并不是说目前利率下限很明显，而是说应该预计反弹的步伐将会放缓。<b>围绕 10 年期国债收益率可能跌破 1.0% 的可能性有很多讨论；这种可能性是短暂的，但不是不可能的。</b>然而，更直接的是衡量病例数上升在多大程度上会导致收益率进一步下降。</blockquote></p><p> <b>It would be an oversimplification to conclude this move is entirely a function of the economic risks posed by the reinstatement of covid-19 restrictions. In fact, we’ll argue the rally has been exaggerated by the Fed’s most recent efforts to be less dovish.</b>Policymakers are in the pre-meeting radio period of radio silence; which eliminates the potential for any official commentary on the Fed’s take on the renewed pandemic risks. Moreover,<b>it leaves investors operating under the assumption that 1) tapering is still on track, 2) rate hikes as early as next year could come to fruition, and 3) the Fed’s ‘will act if not transitory’ stance on inflation remains value</b>. While these surely still hold true to some extent, the implied commitment may be waning given investors’ response to the recent covid developments.</p><p><blockquote><b>如果得出这一举措完全是恢复新冠肺炎限制所带来的经济风险的结论，那就过于简单化了。事实上，我们认为美联储最近减少鸽派的努力夸大了这次反弹。</b>政策制定者正处于会前无线电沉默时期；这就消除了对美联储应对新出现的大流行病风险发表任何官方评论的可能性。而且，<b>这使得投资者在以下假设下操作：1）缩减加息规模仍在按计划进行；2）最早明年可能加息；3）美联储在通胀问题上的“即使不是暂时性的，也会采取行动”立场仍然有效。</b>. 虽然这些肯定在某种程度上仍然成立，但鉴于投资者对最近 covid 事态发展的反应，隐含的承诺可能正在减弱。</blockquote></p><p> Headlines this morning conclude ‘markets no longer worried about inflation’; a notion, which is ostensibly consistent with the price action in US rates, misses the mark.<b>10-year breakevens are still at 225 bp and a distance away from the mid-June lows.</b>In addition, rising supply-driven inflation that functions as a tax on consumption as opposed to a reflection of a healthy real economy creates downside risks for the recovery. When combined with concerns that H1 will represent the peak of the rebound, it follows intuitively that the market has moved on to trading the next stage in the cycle – i.e. recalibrating growth expectations in reflecting the new norm; one in which herd immunity will prove elusive and variant risks (delta and others) become an ongoing concern.<b>A quick glance at real yields near -100 bp reinforces the read that this is a growth story, not a collective rethink of reflation.</b></p><p><blockquote>今早的头条新闻得出结论：“市场不再担心通货膨胀”；一个表面上与美国利率价格走势一致的概念没有抓住要点。<b>10 年盈亏平衡点仍在 225 个基点，距离 6 月中旬的低点还有一段距离。</b>此外，供应驱动型通胀上升的作用是对消费征税，而不是健康实体经济的反映，这给经济复苏带来了下行风险。当结合对上半年将代表反弹顶峰的担忧时，直观地可以看出，市场已经进入了周期的下一阶段——即重新调整增长预期，以反映新常态；群体免疫将被证明是难以捉摸的，变异风险（delta和其他）成为一个持续的问题。<b>快速浏览一下接近 -100 个基点的实际收益率，就会强化这样的解读：这是一个增长故事，而不是对通货膨胀的集体反思。</b></blockquote></p><p> There is yet another nuance of the price action that merits highlighting. Specifically, the move thus far has questionably been a flattening event as 10s and 30s outperform. The front end of the curve has benefited to a lesser extent as monetary policy expectations have remained in place.<b>This morning however, we’re starting to see the 5-year sector lead the rally. In the event we’re seeing the transition from a longer-term growth story to further pricing out Fed tightening, this could ultimately serve to moderate the gains in 10s and 30s.</b>This isn’t to suggest that less room for the FOMC to eventually normalize policy rates is a compelling reason to sell duration in the face of a resurgence of the pandemic. Instead, confidence that monetary policymakers won’t be so eager to respond to pockets of reflation given the renewed headwinds facing the global recovery</p><p><blockquote>价格走势还有另一个值得强调的细微差别。具体来说，到目前为止，随着 10 年代和 30 年代跑赢大盘，这一举动值得怀疑。由于货币政策预期保持不变，曲线的前端受益程度较小。<b>然而，今天上午，我们开始看到 5 年期板块领涨。如果我们看到从长期增长故事向进一步抵消美联储紧缩政策的过渡，这最终可能会缓和 10 年代和 30 年代的涨幅。</b>这并不意味着联邦公开市场委员会（FOMC）最终使政策利率正常化的空间变小，是在大流行病卷土重来的情况下抛售久期的令人信服的理由。相反，人们相信，鉴于全球经济复苏面临新的阻力，货币政策制定者不会急于应对小规模的通货膨胀。</blockquote></p><p> We’ll be tracking this particular evolution in the nature of the bullish repricing if, for no other reason,<b>it will be instrumental in gauging what to anticipate in response to next week’s FOMC meeting and Powell’s press conference.</b>Note that in light of the +8.1% consensus estimate for next week’s release of Q2 real GDP, there is little question that a strong rebound in H1 is priced in and investors have shifted toward trading the next stage in the recovery that contains far greater uncertainties.</p><p><blockquote>如果没有其他原因、<b>这将有助于判断下周联邦公开市场委员会会议和鲍威尔新闻发布会的预期。</b>请注意，鉴于下周公布的第二季度实际国内生产总值（Q2）数据的一致预期为+8.1%，毫无疑问，上半年将出现强劲反弹，投资者已转向复苏的下一阶段，而复苏的下一阶段存在更大的不确定性。</blockquote></p><p> If the move in real yields is any indication there is growing angst on the rebound; 10-year real rates reached their lowest level since early January and within striking distance of the cycle low at -112.4 bp.</p><p><blockquote>如果实际收益率的变动表明人们对反弹的担忧与日俱增；10年期实际利率达到1月初以来的最低水平，距离周期低点-112.4个基点不远。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/add9a9864bc513a7f99d365620818f07\" tg-width=\"1223\" tg-height=\"687\" width=\"100%\" height=\"auto\">The decline in reals is made all the more noteworthy given the proximity to Thursday’s $16 bn new issue 10-year TIPS auction. Current valuations demonstrate not only increasing worry on the spread of the delta variant domestically, but perhaps more consequentially, overseas. Whereas there was once a time when the US rates landscape was solely dictated by the domestic fundamentals, the globalization of the economy and markets now leave Treasury yields a function of the global backdrop. This helps account for the impressive round of bullishness and durability of the bid for USTs even as the data has generally continued to perform well. We’re reminded of the time tested adage that resistance hardly holds on the third attempt, and will monitor the -112 bp line in the sand in 10-year real yields over the balance of the week.</p><p><blockquote>鉴于周四价值 160 亿美元的新一期 10 年期 TIPS 拍卖临近，雷亚尔的下跌更加值得注意。目前的估值表明，人们不仅越来越担心德尔塔变异毒株在国内的蔓延，而且更重要的是，对海外的蔓延也越来越担心。尽管曾经有一段时间，美国的利率格局完全由国内基本面决定，但经济和市场的全球化现在使国债收益率成为全球背景的函数。这有助于解释令人印象深刻的一轮看涨情绪和对 USTs 竞购的持久性，尽管数据总体上继续表现良好。我们想起了一句久经考验的格言，即阻力很难在第三次尝试中站稳脚跟，并将在本周剩余时间内监测 10 年期实际收益率的 -112 个基点线。</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>Behind The Plunge In Yields: This Is A Growth Story, Not A Rethink Of Inflation<blockquote>收益率暴跌背后：这是一个增长故事，而不是对通胀的反思</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\">\nBehind The Plunge In Yields: This Is A Growth Story, Not A Rethink Of Inflation<blockquote>收益率暴跌背后：这是一个增长故事，而不是对通胀的反思</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-20 23:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In a notable turn of events, the overnight session saw an initial attempt at a modest reversal in the recent Treasury rally only to be met with further buying interest. The net result was a tick lower in 10-year yields that brought the benchmark to levels not seen since mid-February.</p><p><blockquote>值得注意的是，隔夜交易中，最近的国债反弹最初试图小幅逆转，但遭到了进一步的购买兴趣。最终结果是 10 年期国债收益率略有下降，使基准利率达到 2 月中旬以来的最高水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/48f958db8d2903a76ff6541648b287fc\" tg-width=\"1223\" tg-height=\"687\" width=\"100%\" height=\"auto\">With the next technical target sill 5 bps away, we’ll be watching the interplay between risk assets and US rates as the delta-inspired repricing continues. We’re cognizant that the severity of the recent move has led to stretched momentum measures, implying incremental gains will be more difficult to achieve. This isn’t to suggest the floor for rates is evident at the moment, rather that it should be anticipated that the pace of the rally will slow.<b>There has been plenty of chatter surrounding the possibility 10- year yields dip below 1.0%; an eventuality that would be a short-lived endeavor, but not one that’s off the table.</b>More immediately however, will be gauging the extent to which rising case counts can carry yields even lower from here.</p><p><blockquote>距离下一个技术目标门槛还有 5 个基点，我们将关注风险资产与美国利率之间的相互作用，因为受 delta 启发的重新定价仍在继续。我们认识到，最近这一举措的严重性导致动量措施捉襟见肘，这意味着增量收益将更加难以实现。这并不是说目前利率下限很明显，而是说应该预计反弹的步伐将会放缓。<b>围绕 10 年期国债收益率可能跌破 1.0% 的可能性有很多讨论；这种可能性是短暂的，但不是不可能的。</b>然而，更直接的是衡量病例数上升在多大程度上会导致收益率进一步下降。</blockquote></p><p> <b>It would be an oversimplification to conclude this move is entirely a function of the economic risks posed by the reinstatement of covid-19 restrictions. In fact, we’ll argue the rally has been exaggerated by the Fed’s most recent efforts to be less dovish.</b>Policymakers are in the pre-meeting radio period of radio silence; which eliminates the potential for any official commentary on the Fed’s take on the renewed pandemic risks. Moreover,<b>it leaves investors operating under the assumption that 1) tapering is still on track, 2) rate hikes as early as next year could come to fruition, and 3) the Fed’s ‘will act if not transitory’ stance on inflation remains value</b>. While these surely still hold true to some extent, the implied commitment may be waning given investors’ response to the recent covid developments.</p><p><blockquote><b>如果得出这一举措完全是恢复新冠肺炎限制所带来的经济风险的结论，那就过于简单化了。事实上，我们认为美联储最近减少鸽派的努力夸大了这次反弹。</b>政策制定者正处于会前无线电沉默时期；这就消除了对美联储应对新出现的大流行病风险发表任何官方评论的可能性。而且，<b>这使得投资者在以下假设下操作：1）缩减加息规模仍在按计划进行；2）最早明年可能加息；3）美联储在通胀问题上的“即使不是暂时性的，也会采取行动”立场仍然有效。</b>. 虽然这些肯定在某种程度上仍然成立，但鉴于投资者对最近 covid 事态发展的反应，隐含的承诺可能正在减弱。</blockquote></p><p> Headlines this morning conclude ‘markets no longer worried about inflation’; a notion, which is ostensibly consistent with the price action in US rates, misses the mark.<b>10-year breakevens are still at 225 bp and a distance away from the mid-June lows.</b>In addition, rising supply-driven inflation that functions as a tax on consumption as opposed to a reflection of a healthy real economy creates downside risks for the recovery. When combined with concerns that H1 will represent the peak of the rebound, it follows intuitively that the market has moved on to trading the next stage in the cycle – i.e. recalibrating growth expectations in reflecting the new norm; one in which herd immunity will prove elusive and variant risks (delta and others) become an ongoing concern.<b>A quick glance at real yields near -100 bp reinforces the read that this is a growth story, not a collective rethink of reflation.</b></p><p><blockquote>今早的头条新闻得出结论：“市场不再担心通货膨胀”；一个表面上与美国利率价格走势一致的概念没有抓住要点。<b>10 年盈亏平衡点仍在 225 个基点，距离 6 月中旬的低点还有一段距离。</b>此外，供应驱动型通胀上升的作用是对消费征税，而不是健康实体经济的反映，这给经济复苏带来了下行风险。当结合对上半年将代表反弹顶峰的担忧时，直观地可以看出，市场已经进入了周期的下一阶段——即重新调整增长预期，以反映新常态；群体免疫将被证明是难以捉摸的，变异风险（delta和其他）成为一个持续的问题。<b>快速浏览一下接近 -100 个基点的实际收益率，就会强化这样的解读：这是一个增长故事，而不是对通货膨胀的集体反思。</b></blockquote></p><p> There is yet another nuance of the price action that merits highlighting. Specifically, the move thus far has questionably been a flattening event as 10s and 30s outperform. The front end of the curve has benefited to a lesser extent as monetary policy expectations have remained in place.<b>This morning however, we’re starting to see the 5-year sector lead the rally. In the event we’re seeing the transition from a longer-term growth story to further pricing out Fed tightening, this could ultimately serve to moderate the gains in 10s and 30s.</b>This isn’t to suggest that less room for the FOMC to eventually normalize policy rates is a compelling reason to sell duration in the face of a resurgence of the pandemic. Instead, confidence that monetary policymakers won’t be so eager to respond to pockets of reflation given the renewed headwinds facing the global recovery</p><p><blockquote>价格走势还有另一个值得强调的细微差别。具体来说，到目前为止，随着 10 年代和 30 年代跑赢大盘，这一举动值得怀疑。由于货币政策预期保持不变，曲线的前端受益程度较小。<b>然而，今天上午，我们开始看到 5 年期板块领涨。如果我们看到从长期增长故事向进一步抵消美联储紧缩政策的过渡，这最终可能会缓和 10 年代和 30 年代的涨幅。</b>这并不意味着联邦公开市场委员会（FOMC）最终使政策利率正常化的空间变小，是在大流行病卷土重来的情况下抛售久期的令人信服的理由。相反，人们相信，鉴于全球经济复苏面临新的阻力，货币政策制定者不会急于应对小规模的通货膨胀。</blockquote></p><p> We’ll be tracking this particular evolution in the nature of the bullish repricing if, for no other reason,<b>it will be instrumental in gauging what to anticipate in response to next week’s FOMC meeting and Powell’s press conference.</b>Note that in light of the +8.1% consensus estimate for next week’s release of Q2 real GDP, there is little question that a strong rebound in H1 is priced in and investors have shifted toward trading the next stage in the recovery that contains far greater uncertainties.</p><p><blockquote>如果没有其他原因、<b>这将有助于判断下周联邦公开市场委员会会议和鲍威尔新闻发布会的预期。</b>请注意，鉴于下周公布的第二季度实际国内生产总值（Q2）数据的一致预期为+8.1%，毫无疑问，上半年将出现强劲反弹，投资者已转向复苏的下一阶段，而复苏的下一阶段存在更大的不确定性。</blockquote></p><p> If the move in real yields is any indication there is growing angst on the rebound; 10-year real rates reached their lowest level since early January and within striking distance of the cycle low at -112.4 bp.</p><p><blockquote>如果实际收益率的变动表明人们对反弹的担忧与日俱增；10年期实际利率达到1月初以来的最低水平，距离周期低点-112.4个基点不远。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/add9a9864bc513a7f99d365620818f07\" tg-width=\"1223\" tg-height=\"687\" width=\"100%\" height=\"auto\">The decline in reals is made all the more noteworthy given the proximity to Thursday’s $16 bn new issue 10-year TIPS auction. Current valuations demonstrate not only increasing worry on the spread of the delta variant domestically, but perhaps more consequentially, overseas. Whereas there was once a time when the US rates landscape was solely dictated by the domestic fundamentals, the globalization of the economy and markets now leave Treasury yields a function of the global backdrop. This helps account for the impressive round of bullishness and durability of the bid for USTs even as the data has generally continued to perform well. We’re reminded of the time tested adage that resistance hardly holds on the third attempt, and will monitor the -112 bp line in the sand in 10-year real yields over the balance of the week.</p><p><blockquote>鉴于周四价值 160 亿美元的新一期 10 年期 TIPS 拍卖临近，雷亚尔的下跌更加值得注意。目前的估值表明，人们不仅越来越担心德尔塔变异毒株在国内的蔓延，而且更重要的是，对海外的蔓延也越来越担心。尽管曾经有一段时间，美国的利率格局完全由国内基本面决定，但经济和市场的全球化现在使国债收益率成为全球背景的函数。这有助于解释令人印象深刻的一轮看涨情绪和对 USTs 竞购的持久性，尽管数据总体上继续表现良好。我们想起了一句久经考验的格言，即阻力很难在第三次尝试中站稳脚跟，并将在本周剩余时间内监测 10 年期实际收益率的 -112 个基点线。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/behind-plunge-yields-growth-story-not-rethink-inflation?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">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",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/behind-plunge-yields-growth-story-not-rethink-inflation?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109861258","content_text":"In a notable turn of events, the overnight session saw an initial attempt at a modest reversal in the recent Treasury rally only to be met with further buying interest. The net result was a tick lower in 10-year yields that brought the benchmark to levels not seen since mid-February.\nWith the next technical target sill 5 bps away, we’ll be watching the interplay between risk assets and US rates as the delta-inspired repricing continues. We’re cognizant that the severity of the recent move has led to stretched momentum measures, implying incremental gains will be more difficult to achieve. This isn’t to suggest the floor for rates is evident at the moment, rather that it should be anticipated that the pace of the rally will slow.There has been plenty of chatter surrounding the possibility 10- year yields dip below 1.0%; an eventuality that would be a short-lived endeavor, but not one that’s off the table.More immediately however, will be gauging the extent to which rising case counts can carry yields even lower from here.\nIt would be an oversimplification to conclude this move is entirely a function of the economic risks posed by the reinstatement of covid-19 restrictions. In fact, we’ll argue the rally has been exaggerated by the Fed’s most recent efforts to be less dovish.Policymakers are in the pre-meeting radio period of radio silence; which eliminates the potential for any official commentary on the Fed’s take on the renewed pandemic risks. Moreover,it leaves investors operating under the assumption that 1) tapering is still on track, 2) rate hikes as early as next year could come to fruition, and 3) the Fed’s ‘will act if not transitory’ stance on inflation remains value. While these surely still hold true to some extent, the implied commitment may be waning given investors’ response to the recent covid developments.\nHeadlines this morning conclude ‘markets no longer worried about inflation’; a notion, which is ostensibly consistent with the price action in US rates, misses the mark.10-year breakevens are still at 225 bp and a distance away from the mid-June lows.In addition, rising supply-driven inflation that functions as a tax on consumption as opposed to a reflection of a healthy real economy creates downside risks for the recovery. When combined with concerns that H1 will represent the peak of the rebound, it follows intuitively that the market has moved on to trading the next stage in the cycle – i.e. recalibrating growth expectations in reflecting the new norm; one in which herd immunity will prove elusive and variant risks (delta and others) become an ongoing concern.A quick glance at real yields near -100 bp reinforces the read that this is a growth story, not a collective rethink of reflation.\nThere is yet another nuance of the price action that merits highlighting. Specifically, the move thus far has questionably been a flattening event as 10s and 30s outperform. The front end of the curve has benefited to a lesser extent as monetary policy expectations have remained in place.This morning however, we’re starting to see the 5-year sector lead the rally. In the event we’re seeing the transition from a longer-term growth story to further pricing out Fed tightening, this could ultimately serve to moderate the gains in 10s and 30s.This isn’t to suggest that less room for the FOMC to eventually normalize policy rates is a compelling reason to sell duration in the face of a resurgence of the pandemic. Instead, confidence that monetary policymakers won’t be so eager to respond to pockets of reflation given the renewed headwinds facing the global recovery\nWe’ll be tracking this particular evolution in the nature of the bullish repricing if, for no other reason,it will be instrumental in gauging what to anticipate in response to next week’s FOMC meeting and Powell’s press conference.Note that in light of the +8.1% consensus estimate for next week’s release of Q2 real GDP, there is little question that a strong rebound in H1 is priced in and investors have shifted toward trading the next stage in the recovery that contains far greater uncertainties.\nIf the move in real yields is any indication there is growing angst on the rebound; 10-year real rates reached their lowest level since early January and within striking distance of the cycle low at -112.4 bp.\nThe decline in reals is made all the more noteworthy given the proximity to Thursday’s $16 bn new issue 10-year TIPS auction. Current valuations demonstrate not only increasing worry on the spread of the delta variant domestically, but perhaps more consequentially, overseas. Whereas there was once a time when the US rates landscape was solely dictated by the domestic fundamentals, the globalization of the economy and markets now leave Treasury yields a function of the global backdrop. This helps account for the impressive round of bullishness and durability of the bid for USTs even as the data has generally continued to perform well. We’re reminded of the time tested adage that resistance hardly holds on the third attempt, and will monitor the -112 bp line in the sand in 10-year real yields over the balance of the week.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":868102327,"gmtCreate":1632616955369,"gmtModify":1632652414456,"author":{"id":"4088415017171770","authorId":"4088415017171770","name":"PYEO","avatar":"https://static.tigerbbs.com/ffd529f4a692f5731760183a63c10858","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088415017171770","authorIdStr":"4088415017171770"},"themes":[],"title":"","htmlText":"Like please.","listText":"Like please.","text":"Like please.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/868102327","repostId":"2169615117","repostType":4,"isVote":1,"tweetType":1,"viewCount":651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}