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2021-10-20

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2021-10-14

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Buying The Dip Is Dead<blockquote>逢低买入已死</blockquote>

2021-08-23

Nice article. Thanks for sharing.

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2021-11-14

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2021-12-09

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GameStop discloses SEC subpoena on trading activity, posts bigger-than-expected loss<blockquote>游戏驿站披露美国证券交易委员会关于交易活动的传票，公布亏损超出预期</blockquote>

2021-10-09

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2021-09-28

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2021-11-20

Nice

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2021-11-18

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2021-10-19

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content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba shares fell 3.45% in premarket trading<blockquote>阿里巴巴-SW股价在盘前交易中下跌 3.45%</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\">\nAlibaba shares fell 3.45% in premarket trading<blockquote>阿里巴巴-SW股价在盘前交易中下跌 3.45%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-22 17:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Alibaba&nbsp;shares&nbsp;fell&nbsp;3.45%&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/2aca7dde9ba9b99094907e05817f461b\" tg-width=\"735\" tg-height=\"593\" width=\"100%\" height=\"auto\">Chinese regulators have suspended an information-sharing partnership with Alibaba Cloud Computing, a subsidiary of e-commerce conglomerate Alibaba Group, over accusations it failed to promptly report and address a cybersecurity vulnerability, according to state-backed media reports.</p><p><blockquote>阿里巴巴-SW股价在盘前交易中下跌3.45%。据国家支持的媒体报道，中国监管机构已暂停与电子商务集团阿里巴巴-SW集团子公司阿里巴巴-SW云计算的信息共享合作伙伴关系，原因是该公司被指控未能及时报告和解决网络安全漏洞。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148919660","content_text":"Alibaba shares fell 3.45% in premarket trading.Chinese regulators have suspended an information-sharing partnership with Alibaba Cloud Computing, a subsidiary of e-commerce conglomerate Alibaba Group, over accusations it failed to promptly report and address a cybersecurity vulnerability, according to state-backed media reports.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":3870,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602854542,"gmtCreate":1639009284261,"gmtModify":1639009284390,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089861821723520","authorIdStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/602854542","repostId":"1121391317","repostType":4,"repost":{"id":"1121391317","kind":"news","pubTimestamp":1639008812,"share":"https://www.laohunote.com/m/news/1121391317?lang=zh_CN&edition=full","pubTime":"2021-12-09 08:13","market":"us","language":"en","title":"GameStop discloses SEC subpoena on trading activity, posts bigger-than-expected loss<blockquote>游戏驿站披露美国证券交易委员会关于交易活动的传票，公布亏损超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121391317","media":"Reuters","summary":"Dec 8 (Reuters) - Video game retailer GameStop Corp said it was issued a subpoena by the U.S. securi","content":"<p>Dec 8 (Reuters) - Video game retailer GameStop Corp said it was issued a subpoena by the U.S. securities regulator back in August for documents on an investigation into its share trading activity, while reporting a bigger-than-expected quarterly loss.</p><p><blockquote>路透12月8日 - 视频游戏零售商游戏驿站公司表示，美国证券监管机构早在8月份就向其发出传票，要求其提供对其股票交易活动进行调查的文件，同时报告季度亏损超出预期。</blockquote></p><p> GameStop was one of the companies whose shares hogged the limelight in this year's meme-stock frenzy, which was led by day traders and fueled by chatter on social media platforms such as Reddit.</p><p><blockquote>游戏驿站是今年模因股票热潮中备受瞩目的公司之一，这场热潮由日内交易者主导，并受到 Reddit 等社交媒体平台上聊天的推动。</blockquote></p><p> \"We are in the process of producing the documents and have been and intend to continue cooperating fully with the SEC Staff regarding this matter,\" GameStop said in a regulatory filing on Wednesday, adding that the inquiry was not expected to have an adverse impact on the company.</p><p><blockquote>游戏驿站在周三提交的一份监管文件中表示：“我们正在制作文件，并且一直并打算继续就此事与 SEC 工作人员充分合作。”他补充说，预计调查不会对公司产生不利影响。</blockquote></p><p> GameStop's shares were down 4.4% at $166 in extended trading, after having gained more than nine times so far this year.</p><p><blockquote>GameStop 的股价在盘后交易中下跌 4.4%，至 166 美元，今年迄今已上涨 9 倍多。</blockquote></p><p> On an adjusted basis, the company lost $1.39 per share in the third quarter ended Oct. 30, compared with estimates of a loss of $0.52 per share, according to Refinitiv IBES data.</p><p><blockquote>根据 Refinitiv IBES 数据，经调整后，该公司在截至 10 月 30 日的第三季度每股亏损 1.39 美元，而预计每股亏损 0.52 美元。</blockquote></p><p> GameStop's business model, which was suffering even before the pandemic hit, was further impacted by the COVID-19 lockdowns, with the company shutting down hundreds of brick-and-mortar stores.</p><p><blockquote>GameStop的商业模式甚至在疫情袭击之前就已经受到影响，受到新冠肺炎封锁的进一步影响，该公司关闭了数百家实体店。</blockquote></p><p> The company has since then tried to take advantage of the pandemic-fueled demand for online shopping by trying to sell its consoles and games online.</p><p><blockquote>此后，该公司试图利用疫情推动的在线购物需求，试图在线销售其游戏机和游戏。</blockquote></p><p> GameStop's overall revenue rose to $1.30 billion, beating estimates of $1.19 billion.</p><p><blockquote>GameStop 的总收入升至 13.0 亿美元，超出预期的 11.9 亿美元。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop discloses SEC subpoena on trading activity, posts bigger-than-expected loss<blockquote>游戏驿站披露美国证券交易委员会关于交易活动的传票，公布亏损超出预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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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\">\nGameStop discloses SEC subpoena on trading activity, posts bigger-than-expected loss<blockquote>游戏驿站披露美国证券交易委员会关于交易活动的传票，公布亏损超出预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-09 08:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Dec 8 (Reuters) - Video game retailer GameStop Corp said it was issued a subpoena by the U.S. securities regulator back in August for documents on an investigation into its share trading activity, while reporting a bigger-than-expected quarterly loss.</p><p><blockquote>路透12月8日 - 视频游戏零售商游戏驿站公司表示，美国证券监管机构早在8月份就向其发出传票，要求其提供对其股票交易活动进行调查的文件，同时报告季度亏损超出预期。</blockquote></p><p> GameStop was one of the companies whose shares hogged the limelight in this year's meme-stock frenzy, which was led by day traders and fueled by chatter on social media platforms such as Reddit.</p><p><blockquote>游戏驿站是今年模因股票热潮中备受瞩目的公司之一，这场热潮由日内交易者主导，并受到 Reddit 等社交媒体平台上聊天的推动。</blockquote></p><p> \"We are in the process of producing the documents and have been and intend to continue cooperating fully with the SEC Staff regarding this matter,\" GameStop said in a regulatory filing on Wednesday, adding that the inquiry was not expected to have an adverse impact on the company.</p><p><blockquote>游戏驿站在周三提交的一份监管文件中表示：“我们正在制作文件，并且一直并打算继续就此事与 SEC 工作人员充分合作。”他补充说，预计调查不会对公司产生不利影响。</blockquote></p><p> GameStop's shares were down 4.4% at $166 in extended trading, after having gained more than nine times so far this year.</p><p><blockquote>GameStop 的股价在盘后交易中下跌 4.4%，至 166 美元，今年迄今已上涨 9 倍多。</blockquote></p><p> On an adjusted basis, the company lost $1.39 per share in the third quarter ended Oct. 30, compared with estimates of a loss of $0.52 per share, according to Refinitiv IBES data.</p><p><blockquote>根据 Refinitiv IBES 数据，经调整后，该公司在截至 10 月 30 日的第三季度每股亏损 1.39 美元，而预计每股亏损 0.52 美元。</blockquote></p><p> GameStop's business model, which was suffering even before the pandemic hit, was further impacted by the COVID-19 lockdowns, with the company shutting down hundreds of brick-and-mortar stores.</p><p><blockquote>GameStop的商业模式甚至在疫情袭击之前就已经受到影响，受到新冠肺炎封锁的进一步影响，该公司关闭了数百家实体店。</blockquote></p><p> The company has since then tried to take advantage of the pandemic-fueled demand for online shopping by trying to sell its consoles and games online.</p><p><blockquote>此后，该公司试图利用疫情推动的在线购物需求，试图在线销售其游戏机和游戏。</blockquote></p><p> GameStop's overall revenue rose to $1.30 billion, beating estimates of $1.19 billion.</p><p><blockquote>GameStop 的总收入升至 13.0 亿美元，超出预期的 11.9 亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/1-gamestop-beats-quarterly-revenue-212028040.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://finance.yahoo.com/news/1-gamestop-beats-quarterly-revenue-212028040.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121391317","content_text":"Dec 8 (Reuters) - Video game retailer GameStop Corp said it was issued a subpoena by the U.S. securities regulator back in August for documents on an investigation into its share trading activity, while reporting a bigger-than-expected quarterly loss.\nGameStop was one of the companies whose shares hogged the limelight in this year's meme-stock frenzy, which was led by day traders and fueled by chatter on social media platforms such as Reddit.\n\"We are in the process of producing the documents and have been and intend to continue cooperating fully with the SEC Staff regarding this matter,\" GameStop said in a regulatory filing on Wednesday, adding that the inquiry was not expected to have an adverse impact on the company.\nGameStop's shares were down 4.4% at $166 in extended trading, after having gained more than nine times so far this year.\nOn an adjusted basis, the company lost $1.39 per share in the third quarter ended Oct. 30, compared with estimates of a loss of $0.52 per share, according to Refinitiv IBES data.\nGameStop's business model, which was suffering even before the pandemic hit, was further impacted by the COVID-19 lockdowns, with the company shutting down hundreds of brick-and-mortar stores.\nThe company has since then tried to take advantage of the pandemic-fueled demand for online shopping by trying to sell its consoles and games online.\nGameStop's overall revenue rose to $1.30 billion, beating estimates of $1.19 billion.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":3905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602855705,"gmtCreate":1639009249410,"gmtModify":1639009249503,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089861821723520","authorIdStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/602855705","repostId":"1141815911","repostType":4,"repost":{"id":"1141815911","kind":"news","pubTimestamp":1639007843,"share":"https://www.laohunote.com/m/news/1141815911?lang=zh_CN&edition=full","pubTime":"2021-12-09 07:57","market":"us","language":"en","title":"Pfizer Says Booster Neutralized Omicron but Variant May Elude Two Doses<blockquote>辉瑞表示加强剂中和了奥密克戎病毒，但变种病毒可能无法接种两剂</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141815911","media":"The Wall Street Journal","summary":"Pfizer Inc. PFE -0.62% and BioNTech SE BNTX -3.55% said that a third dose of their Covid-19 vaccine ","content":"<p>Pfizer Inc. PFE -0.62% and BioNTech SE BNTX -3.55% said that a third dose of their Covid-19 vaccine neutralized the Omicron variant in lab tests but that the two-dose regimen was significantly less effective at blocking the virus.</p><p><blockquote>辉瑞公司 PFE -0.62% 和 BioNTech SE BNTX -3.55% 表示，第三剂新冠肺炎疫苗在实验室测试中中中和了奥密克戎变种，但两剂方案在阻断病毒方面的效果明显较差。</blockquote></p><p> A third dose increased antibodies 25-fold compared with two doses against the Omicron variant, the companies said. Still, two doses may prove effective in preventing severe illness from Covid-19, they said, because immune cells are able to recognize 80% of parts of the spike protein that the vaccine targets.</p><p><blockquote>两家公司表示，与针对奥密克戎变种的两剂相比，第三剂疫苗将抗体增加了 25 倍。他们说，尽管如此，两剂疫苗可能能有效预防 Covid-19 引起的严重疾病，因为免疫细胞能够识别疫苗靶向的刺突蛋白的 80% 部分。</blockquote></p><p> The results were issued in a press release by the companies, and weren’t peer reviewed and published in a scientific journal.</p><p><blockquote>研究结果由两家公司在新闻稿中发布，没有经过同行评审，也没有发表在科学期刊上。</blockquote></p><p> The findings from the companies’ early study, and one by scientists in South Africa, suggest that three doses will be needed to produce a similar immune response against Omicron as was provided by just two doses in earlier strains of the virus.</p><p><blockquote>两家公司的早期研究结果表明，需要接种三剂疫苗才能产生与早期病毒株只需接种两剂疫苗就能产生类似的针对奥密克戎病毒的免疫反应。</blockquote></p><p> It also bolsters the case for repeated and periodic boosters to maintain people’s immune defenses against an evolving Covid-19, the companies said.</p><p><blockquote>两家公司表示，这也支持了重复和定期加强剂的理由，以维持人们对不断演变的 Covid-19 的免疫防御。</blockquote></p><p> “This is very positive news that should make everyone even more motivated to get vaccinated” and get a booster, said Pfizer Chief Scientific Officer Mikael Dolsten.</p><p><blockquote>“辉瑞公司首席科学官米凯尔-多尔斯滕（Mikael Dolsten）说：”这是一个非常积极的消息，应该会让每个人都更有动力接种疫苗”并接种加强剂。</blockquote></p><p> The companies’ current vaccine will provide a strong defense against Omicron, especially if people get a booster shot, Dr. Dolsten said. The three-dose regimen, he added, could provide stopgap protection against Omicron through the winter and until a new vaccine targeted directly at the variant would be ready if needed.</p><p><blockquote>多尔斯滕博士说，这些公司目前的疫苗将为预防奥密克戎病毒提供强有力的保护，尤其是在人们注射加强针的情况下。他补充说，三剂方案可以在整个冬季提供针对奥密克戎病毒的权宜之计，直到需要时直接针对该变种的新疫苗准备就绪。</blockquote></p><p> Pfizer and BioNTech are working on an Omicron-specific vaccine that they hope to have available by March 2022 if the variant becomes widespread by then. Researchers started working on the new vaccine on Thanksgiving Day, Nov. 25, shortly after Omicron was identified.</p><p><blockquote>辉瑞和 BioNTech 正在研发一种针对奥密克戎的疫苗，如果届时该变种变得广泛传播，他们希望在 2022 年 3 月之前上市。奥密克戎被发现后不久，研究人员于11月25日感恩节开始研发新疫苗。</blockquote></p><p> The vaccine trains the immune system to fight the virus by generating immune-system soldiers known as antibodies, which attach to the virus and prevent it from replicating in healthy cells. The vaccine also produces other immune-system fighters called T cells that can kick in after infection to help target and clear the virus, preventing more serious disease.</p><p><blockquote>疫苗通过产生被称为抗体的免疫系统士兵来训练免疫系统对抗病毒，抗体附着在病毒上并阻止病毒在健康细胞中复制。该疫苗还产生其他称为T细胞的免疫系统战士，可以在感染后发挥作用，帮助靶向和清除病毒，防止更严重的疾病。</blockquote></p><p> Pfizer and BioNTech said that Omicron still appears susceptible to T cells produced by the vaccine.</p><p><blockquote>辉瑞和BioNTech表示，奥密克戎似乎仍然容易受到疫苗产生的T细胞的影响。</blockquote></p><p> Dr. Dolsten estimated there is a greater than 50% chance that Omicron becomes the dominant strain spreading in the U.S. by the spring, though it is too soon to know with certainty, he said.</p><p><blockquote>多尔斯滕博士估计，到春天，奥密克戎病毒有超过50%的可能性成为在美国传播的主要毒株，但现在确定还为时过早。</blockquote></p><p> The preliminary lab data comes from an analysis of blood samples from vaccinated patients measuring antibodies capable of neutralizing the virus causing Covid-19, including the Omicron variant. Blood samples were collected three weeks after patients received their second dose, or one month after receiving their third dose.</p><p><blockquote>初步实验室数据来自对接种疫苗的患者血液样本的分析，该分析测量了能够中和导致新冠肺炎病毒（包括奥密克戎变种）的抗体。在患者接受第二剂后三周或接受第三剂后一个月采集血液样本。</blockquote></p><p> The number of antibodies generated by a third booster shot against Omicron is similar to two doses against an older strain of the virus, the companies said.</p><p><blockquote>两家公司表示，针对奥密克戎病毒的第三次加强注射产生的抗体数量与针对较旧病毒株的两剂疫苗相似。</blockquote></p><p> “These preliminary data appear to show the Pfizer vaccine does in fact protect against Omicron, and that’s very good news,” said Philip Landrigan, director of Boston College’s Global Public Health and the Global Common Good program.</p><p><blockquote>“波士顿学院全球公共卫生和全球共同利益项目主任菲利普-兰德里根（Philip Landrigan）说：”这些初步数据似乎表明，辉瑞疫苗确实可以预防奥密克戎病，这是一个非常好的消息。</blockquote></p><p> Monica Gandhi, a professor of medicine at the University of California, San Francisco, said the results suggested two doses will protect many people from getting bad cases leading to hospitalization or death.</p><p><blockquote>加州大学旧金山分校医学教授莫妮卡·甘地表示，结果表明，两剂疫苗将保护许多人免于出现导致住院或死亡的严重病例。</blockquote></p><p> “Two doses are still effective against severe disease, whether people get boosters or not,” said Dr. Gandhi, who is recommending boosters for high-risk patients, including those with HIV. “For people who are at high risk of severe disease, it’s so important to get them boosted, but I don’t think it’s mandatory for young healthy people.”</p><p><blockquote>“甘地博士说：”无论人们是否注射加强剂，两剂疫苗对严重疾病仍然有效。“对于患重病的高危人群来说，给他们接种疫苗非常重要，但我认为对于年轻的健康人群来说，这并不是强制性的。”</blockquote></p><p> The company’s early findings come a day after scientists in South Africa reported findings from early lab tests indicating a 41-fold reduction in the Pfizer-BioNTech vaccine’s neutralization of Omicron than the original version of the virus.</p><p><blockquote>在该公司的早期发现前一天，南非的科学家报告了早期实验室测试的结果表明，辉瑞-BioNTech 疫苗对奥密克戎的中和作用比原始病毒降低了 41 倍。</blockquote></p><p> The researchers, however, found greater antibody responses against Omicron in blood taken from subjects who were fully vaccinated and had previously been infected with Covid-19.</p><p><blockquote>然而，研究人员在从完全接种疫苗且之前感染过 Covid-19 的受试者身上采集的血液中发现了针对奥密克戎病毒的更大抗体反应。</blockquote></p><p> The companies will continue to work on a variant vaccine despite the promising signs that boosting with the original shot offers good protection against Omicron, said BioNTech Chief Executive Uğur Şahin. That is because they would need to see more data on how their vaccine holds up against the new variant, including real-world effectiveness data, expected in the coming weeks.</p><p><blockquote>BioNTech 首席执行官乌古尔·沙欣 (Uğur Şahin) 表示，尽管有令人鼓舞的迹象表明，用原始疫苗加强疫苗可以很好地预防奥密克戎病毒，但两家公司仍将继续研发变体疫苗。这是因为他们需要在未来几周内看到更多关于他们的疫苗如何对抗新变种的数据，包括现实世界的有效性数据。</blockquote></p><p> “Only in combination will we understand the relevance of this data and potential protection against Omicron-mediated disease and severe disease,” he said.</p><p><blockquote>“他说：”只有结合起来，我们才能了解这些数据的相关性，以及对奥密克戎介导的疾病和严重疾病的潜在保护。</blockquote></p><p> Real-world data on vaccine effectiveness against Omicron won’t be available for at least six weeks, Dr. Şahin said, because the case numbers need to be higher before this can be measured.</p><p><blockquote>沙欣博士说，关于疫苗对奥密克戎病毒有效性的真实世界数据至少要六周才能获得，因为病例数需要更高才能衡量。</blockquote></p><p></p><p> Meanwhile, the companies are moving forward with manufacturing an Omicron-specific vaccine. The first doses, for experimental use, will be ready in January, BioNTech executives said.</p><p><blockquote>与此同时，这些公司正在推进生产奥密克戎特异性疫苗。BioNTech 高管表示，用于实验用途的第一剂疫苗将于 1 月份准备就绪。</blockquote></p><p> Omicron was first identified by scientists in South Africa last month. Since then the World Health Organization has deemed it a variant of concern. And it has since been detected around the world, including in the U.S.</p><p><blockquote>上个月，南非的科学家首次发现了奥密克戎病毒。从那时起，世界卫生组织就将其视为一种令人担忧的变体。此后，包括美国在内的世界各地都发现了这种病毒。</blockquote></p><p> Researchers have been trying to understand how contagious the new strain is, as well as how well it might be able to evade Covid-19 vaccines and whether it causes severe disease. Some preliminary reports suggest the variant is more contagious but might cause milder disease, though researchers say it is too early to know.</p><p><blockquote>研究人员一直在试图了解这种新菌株的传染性，以及它在多大程度上能够逃避新冠肺炎疫苗，以及它是否会导致严重疾病。一些初步报告表明，这种变种更具传染性，但可能会导致较轻的疾病，尽管研究人员表示现在知道还为时过早。</blockquote></p><p> Pfizer and BioNTech said they expect to make four billion vaccine doses next year, even if an Omicron-specific vaccine is required by then.</p><p><blockquote>辉瑞和 BioNTech 表示，他们预计明年将生产 40 亿剂疫苗，即使届时需要奥密克戎专用疫苗。</blockquote></p><p> Dr. Dolsten said that regardless of how widespread Omicron becomes, continued booster shots will likely be needed going forward to provide protection against Covid-19. A fourth booster dose is likely to be needed in the spring or fall of 2022, he said.</p><p><blockquote>多尔斯滕博士说，无论奥密克戎病毒变得多么普遍，未来都可能需要继续注射加强针，以提供针对新冠肺炎的保护。他说，2022 年春季或秋季可能需要第四剂加强针。</blockquote></p><p> “It’s increasingly clear you need to have a long-term perspective, with continued boosting to have strong durable immunity,” said Dr. Dolsten. “If the landscape looks similar to today, we will likely continue to boost with the current vaccine.”</p><p><blockquote>“多尔斯滕博士说：”越来越明显的是，你需要有长远的眼光，不断增强免疫力，才能拥有强大的持久免疫力。“如果情况与今天相似，我们很可能会继续使用目前的疫苗进行加强。”</blockquote></p><p> Pfizer’s shares rose 1% while BioNTech’s American depositary shares fell 0.2% in morning trading.</p><p><blockquote>辉瑞公司的股价在早盘交易中上涨了 1%，而 BioNTech 的美国存托股票下跌了 0.2%。</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>Pfizer Says Booster Neutralized Omicron but Variant May Elude Two Doses<blockquote>辉瑞表示加强剂中和了奥密克戎病毒，但变种病毒可能无法接种两剂</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\">\nPfizer Says Booster Neutralized Omicron but Variant May Elude Two Doses<blockquote>辉瑞表示加强剂中和了奥密克戎病毒，但变种病毒可能无法接种两剂</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-12-09 07:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Pfizer Inc. PFE -0.62% and BioNTech SE BNTX -3.55% said that a third dose of their Covid-19 vaccine neutralized the Omicron variant in lab tests but that the two-dose regimen was significantly less effective at blocking the virus.</p><p><blockquote>辉瑞公司 PFE -0.62% 和 BioNTech SE BNTX -3.55% 表示，第三剂新冠肺炎疫苗在实验室测试中中中和了奥密克戎变种，但两剂方案在阻断病毒方面的效果明显较差。</blockquote></p><p> A third dose increased antibodies 25-fold compared with two doses against the Omicron variant, the companies said. Still, two doses may prove effective in preventing severe illness from Covid-19, they said, because immune cells are able to recognize 80% of parts of the spike protein that the vaccine targets.</p><p><blockquote>两家公司表示，与针对奥密克戎变种的两剂相比，第三剂疫苗将抗体增加了 25 倍。他们说，尽管如此，两剂疫苗可能能有效预防 Covid-19 引起的严重疾病，因为免疫细胞能够识别疫苗靶向的刺突蛋白的 80% 部分。</blockquote></p><p> The results were issued in a press release by the companies, and weren’t peer reviewed and published in a scientific journal.</p><p><blockquote>研究结果由两家公司在新闻稿中发布，没有经过同行评审，也没有发表在科学期刊上。</blockquote></p><p> The findings from the companies’ early study, and one by scientists in South Africa, suggest that three doses will be needed to produce a similar immune response against Omicron as was provided by just two doses in earlier strains of the virus.</p><p><blockquote>两家公司的早期研究结果表明，需要接种三剂疫苗才能产生与早期病毒株只需接种两剂疫苗就能产生类似的针对奥密克戎病毒的免疫反应。</blockquote></p><p> It also bolsters the case for repeated and periodic boosters to maintain people’s immune defenses against an evolving Covid-19, the companies said.</p><p><blockquote>两家公司表示，这也支持了重复和定期加强剂的理由，以维持人们对不断演变的 Covid-19 的免疫防御。</blockquote></p><p> “This is very positive news that should make everyone even more motivated to get vaccinated” and get a booster, said Pfizer Chief Scientific Officer Mikael Dolsten.</p><p><blockquote>“辉瑞公司首席科学官米凯尔-多尔斯滕（Mikael Dolsten）说：”这是一个非常积极的消息，应该会让每个人都更有动力接种疫苗”并接种加强剂。</blockquote></p><p> The companies’ current vaccine will provide a strong defense against Omicron, especially if people get a booster shot, Dr. Dolsten said. The three-dose regimen, he added, could provide stopgap protection against Omicron through the winter and until a new vaccine targeted directly at the variant would be ready if needed.</p><p><blockquote>多尔斯滕博士说，这些公司目前的疫苗将为预防奥密克戎病毒提供强有力的保护，尤其是在人们注射加强针的情况下。他补充说，三剂方案可以在整个冬季提供针对奥密克戎病毒的权宜之计，直到需要时直接针对该变种的新疫苗准备就绪。</blockquote></p><p> Pfizer and BioNTech are working on an Omicron-specific vaccine that they hope to have available by March 2022 if the variant becomes widespread by then. Researchers started working on the new vaccine on Thanksgiving Day, Nov. 25, shortly after Omicron was identified.</p><p><blockquote>辉瑞和 BioNTech 正在研发一种针对奥密克戎的疫苗，如果届时该变种变得广泛传播，他们希望在 2022 年 3 月之前上市。奥密克戎被发现后不久，研究人员于11月25日感恩节开始研发新疫苗。</blockquote></p><p> The vaccine trains the immune system to fight the virus by generating immune-system soldiers known as antibodies, which attach to the virus and prevent it from replicating in healthy cells. The vaccine also produces other immune-system fighters called T cells that can kick in after infection to help target and clear the virus, preventing more serious disease.</p><p><blockquote>疫苗通过产生被称为抗体的免疫系统士兵来训练免疫系统对抗病毒，抗体附着在病毒上并阻止病毒在健康细胞中复制。该疫苗还产生其他称为T细胞的免疫系统战士，可以在感染后发挥作用，帮助靶向和清除病毒，防止更严重的疾病。</blockquote></p><p> Pfizer and BioNTech said that Omicron still appears susceptible to T cells produced by the vaccine.</p><p><blockquote>辉瑞和BioNTech表示，奥密克戎似乎仍然容易受到疫苗产生的T细胞的影响。</blockquote></p><p> Dr. Dolsten estimated there is a greater than 50% chance that Omicron becomes the dominant strain spreading in the U.S. by the spring, though it is too soon to know with certainty, he said.</p><p><blockquote>多尔斯滕博士估计，到春天，奥密克戎病毒有超过50%的可能性成为在美国传播的主要毒株，但现在确定还为时过早。</blockquote></p><p> The preliminary lab data comes from an analysis of blood samples from vaccinated patients measuring antibodies capable of neutralizing the virus causing Covid-19, including the Omicron variant. Blood samples were collected three weeks after patients received their second dose, or one month after receiving their third dose.</p><p><blockquote>初步实验室数据来自对接种疫苗的患者血液样本的分析，该分析测量了能够中和导致新冠肺炎病毒（包括奥密克戎变种）的抗体。在患者接受第二剂后三周或接受第三剂后一个月采集血液样本。</blockquote></p><p> The number of antibodies generated by a third booster shot against Omicron is similar to two doses against an older strain of the virus, the companies said.</p><p><blockquote>两家公司表示，针对奥密克戎病毒的第三次加强注射产生的抗体数量与针对较旧病毒株的两剂疫苗相似。</blockquote></p><p> “These preliminary data appear to show the Pfizer vaccine does in fact protect against Omicron, and that’s very good news,” said Philip Landrigan, director of Boston College’s Global Public Health and the Global Common Good program.</p><p><blockquote>“波士顿学院全球公共卫生和全球共同利益项目主任菲利普-兰德里根（Philip Landrigan）说：”这些初步数据似乎表明，辉瑞疫苗确实可以预防奥密克戎病，这是一个非常好的消息。</blockquote></p><p> Monica Gandhi, a professor of medicine at the University of California, San Francisco, said the results suggested two doses will protect many people from getting bad cases leading to hospitalization or death.</p><p><blockquote>加州大学旧金山分校医学教授莫妮卡·甘地表示，结果表明，两剂疫苗将保护许多人免于出现导致住院或死亡的严重病例。</blockquote></p><p> “Two doses are still effective against severe disease, whether people get boosters or not,” said Dr. Gandhi, who is recommending boosters for high-risk patients, including those with HIV. “For people who are at high risk of severe disease, it’s so important to get them boosted, but I don’t think it’s mandatory for young healthy people.”</p><p><blockquote>“甘地博士说：”无论人们是否注射加强剂，两剂疫苗对严重疾病仍然有效。“对于患重病的高危人群来说，给他们接种疫苗非常重要，但我认为对于年轻的健康人群来说，这并不是强制性的。”</blockquote></p><p> The company’s early findings come a day after scientists in South Africa reported findings from early lab tests indicating a 41-fold reduction in the Pfizer-BioNTech vaccine’s neutralization of Omicron than the original version of the virus.</p><p><blockquote>在该公司的早期发现前一天，南非的科学家报告了早期实验室测试的结果表明，辉瑞-BioNTech 疫苗对奥密克戎的中和作用比原始病毒降低了 41 倍。</blockquote></p><p> The researchers, however, found greater antibody responses against Omicron in blood taken from subjects who were fully vaccinated and had previously been infected with Covid-19.</p><p><blockquote>然而，研究人员在从完全接种疫苗且之前感染过 Covid-19 的受试者身上采集的血液中发现了针对奥密克戎病毒的更大抗体反应。</blockquote></p><p> The companies will continue to work on a variant vaccine despite the promising signs that boosting with the original shot offers good protection against Omicron, said BioNTech Chief Executive Uğur Şahin. That is because they would need to see more data on how their vaccine holds up against the new variant, including real-world effectiveness data, expected in the coming weeks.</p><p><blockquote>BioNTech 首席执行官乌古尔·沙欣 (Uğur Şahin) 表示，尽管有令人鼓舞的迹象表明，用原始疫苗加强疫苗可以很好地预防奥密克戎病毒，但两家公司仍将继续研发变体疫苗。这是因为他们需要在未来几周内看到更多关于他们的疫苗如何对抗新变种的数据，包括现实世界的有效性数据。</blockquote></p><p> “Only in combination will we understand the relevance of this data and potential protection against Omicron-mediated disease and severe disease,” he said.</p><p><blockquote>“他说：”只有结合起来，我们才能了解这些数据的相关性，以及对奥密克戎介导的疾病和严重疾病的潜在保护。</blockquote></p><p> Real-world data on vaccine effectiveness against Omicron won’t be available for at least six weeks, Dr. Şahin said, because the case numbers need to be higher before this can be measured.</p><p><blockquote>沙欣博士说，关于疫苗对奥密克戎病毒有效性的真实世界数据至少要六周才能获得，因为病例数需要更高才能衡量。</blockquote></p><p></p><p> Meanwhile, the companies are moving forward with manufacturing an Omicron-specific vaccine. The first doses, for experimental use, will be ready in January, BioNTech executives said.</p><p><blockquote>与此同时，这些公司正在推进生产奥密克戎特异性疫苗。BioNTech 高管表示，用于实验用途的第一剂疫苗将于 1 月份准备就绪。</blockquote></p><p> Omicron was first identified by scientists in South Africa last month. Since then the World Health Organization has deemed it a variant of concern. And it has since been detected around the world, including in the U.S.</p><p><blockquote>上个月，南非的科学家首次发现了奥密克戎病毒。从那时起，世界卫生组织就将其视为一种令人担忧的变体。此后，包括美国在内的世界各地都发现了这种病毒。</blockquote></p><p> Researchers have been trying to understand how contagious the new strain is, as well as how well it might be able to evade Covid-19 vaccines and whether it causes severe disease. Some preliminary reports suggest the variant is more contagious but might cause milder disease, though researchers say it is too early to know.</p><p><blockquote>研究人员一直在试图了解这种新菌株的传染性，以及它在多大程度上能够逃避新冠肺炎疫苗，以及它是否会导致严重疾病。一些初步报告表明，这种变种更具传染性，但可能会导致较轻的疾病，尽管研究人员表示现在知道还为时过早。</blockquote></p><p> Pfizer and BioNTech said they expect to make four billion vaccine doses next year, even if an Omicron-specific vaccine is required by then.</p><p><blockquote>辉瑞和 BioNTech 表示，他们预计明年将生产 40 亿剂疫苗，即使届时需要奥密克戎专用疫苗。</blockquote></p><p> Dr. Dolsten said that regardless of how widespread Omicron becomes, continued booster shots will likely be needed going forward to provide protection against Covid-19. A fourth booster dose is likely to be needed in the spring or fall of 2022, he said.</p><p><blockquote>多尔斯滕博士说，无论奥密克戎病毒变得多么普遍，未来都可能需要继续注射加强针，以提供针对新冠肺炎的保护。他说，2022 年春季或秋季可能需要第四剂加强针。</blockquote></p><p> “It’s increasingly clear you need to have a long-term perspective, with continued boosting to have strong durable immunity,” said Dr. Dolsten. “If the landscape looks similar to today, we will likely continue to boost with the current vaccine.”</p><p><blockquote>“多尔斯滕博士说：”越来越明显的是，你需要有长远的眼光，不断增强免疫力，才能拥有强大的持久免疫力。“如果情况与今天相似，我们很可能会继续使用目前的疫苗进行加强。”</blockquote></p><p> Pfizer’s shares rose 1% while BioNTech’s American depositary shares fell 0.2% in morning trading.</p><p><blockquote>辉瑞公司的股价在早盘交易中上涨了 1%，而 BioNTech 的美国存托股票下跌了 0.2%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/pfizer-biontech-covid-19-vaccine-loses-significant-effectiveness-against-omicron-in-early-study-companies-say-11638964121?mod=hp_lead_pos1\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","BNTX":"BioNTech SE"},"source_url":"https://www.wsj.com/articles/pfizer-biontech-covid-19-vaccine-loses-significant-effectiveness-against-omicron-in-early-study-companies-say-11638964121?mod=hp_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141815911","content_text":"Pfizer Inc. PFE -0.62% and BioNTech SE BNTX -3.55% said that a third dose of their Covid-19 vaccine neutralized the Omicron variant in lab tests but that the two-dose regimen was significantly less effective at blocking the virus.\n\nA third dose increased antibodies 25-fold compared with two doses against the Omicron variant, the companies said. Still, two doses may prove effective in preventing severe illness from Covid-19, they said, because immune cells are able to recognize 80% of parts of the spike protein that the vaccine targets.\n\nThe results were issued in a press release by the companies, and weren’t peer reviewed and published in a scientific journal.\n\nThe findings from the companies’ early study, and one by scientists in South Africa, suggest that three doses will be needed to produce a similar immune response against Omicron as was provided by just two doses in earlier strains of the virus.\n\n\nIt also bolsters the case for repeated and periodic boosters to maintain people’s immune defenses against an evolving Covid-19, the companies said.\n\n“This is very positive news that should make everyone even more motivated to get vaccinated” and get a booster, said Pfizer Chief Scientific Officer Mikael Dolsten.\n\nThe companies’ current vaccine will provide a strong defense against Omicron, especially if people get a booster shot, Dr. Dolsten said. The three-dose regimen, he added, could provide stopgap protection against Omicron through the winter and until a new vaccine targeted directly at the variant would be ready if needed.\n\nPfizer and BioNTech are working on an Omicron-specific vaccine that they hope to have available by March 2022 if the variant becomes widespread by then. Researchers started working on the new vaccine on Thanksgiving Day, Nov. 25, shortly after Omicron was identified.\n\nThe vaccine trains the immune system to fight the virus by generating immune-system soldiers known as antibodies, which attach to the virus and prevent it from replicating in healthy cells. The vaccine also produces other immune-system fighters called T cells that can kick in after infection to help target and clear the virus, preventing more serious disease.\n\nPfizer and BioNTech said that Omicron still appears susceptible to T cells produced by the vaccine.\n\nDr. Dolsten estimated there is a greater than 50% chance that Omicron becomes the dominant strain spreading in the U.S. by the spring, though it is too soon to know with certainty, he said.\n\nThe preliminary lab data comes from an analysis of blood samples from vaccinated patients measuring antibodies capable of neutralizing the virus causing Covid-19, including the Omicron variant. Blood samples were collected three weeks after patients received their second dose, or one month after receiving their third dose.\n\nThe number of antibodies generated by a third booster shot against Omicron is similar to two doses against an older strain of the virus, the companies said.\n\n“These preliminary data appear to show the Pfizer vaccine does in fact protect against Omicron, and that’s very good news,” said Philip Landrigan, director of Boston College’s Global Public Health and the Global Common Good program.\n\n\nMonica Gandhi, a professor of medicine at the University of California, San Francisco, said the results suggested two doses will protect many people from getting bad cases leading to hospitalization or death.\n\n“Two doses are still effective against severe disease, whether people get boosters or not,” said Dr. Gandhi, who is recommending boosters for high-risk patients, including those with HIV. “For people who are at high risk of severe disease, it’s so important to get them boosted, but I don’t think it’s mandatory for young healthy people.”\n\nThe company’s early findings come a day after scientists in South Africa reported findings from early lab tests indicating a 41-fold reduction in the Pfizer-BioNTech vaccine’s neutralization of Omicron than the original version of the virus.\n\n\n\nThe researchers, however, found greater antibody responses against Omicron in blood taken from subjects who were fully vaccinated and had previously been infected with Covid-19.\n\nThe companies will continue to work on a variant vaccine despite the promising signs that boosting with the original shot offers good protection against Omicron, said BioNTech Chief Executive Uğur Şahin. That is because they would need to see more data on how their vaccine holds up against the new variant, including real-world effectiveness data, expected in the coming weeks.\n\n\n“Only in combination will we understand the relevance of this data and potential protection against Omicron-mediated disease and severe disease,” he said.\n\nReal-world data on vaccine effectiveness against Omicron won’t be available for at least six weeks, Dr. Şahin said, because the case numbers need to be higher before this can be measured.\n\nMeanwhile, the companies are moving forward with manufacturing an Omicron-specific vaccine. The first doses, for experimental use, will be ready in January, BioNTech executives said.\n\nOmicron was first identified by scientists in South Africa last month. Since then the World Health Organization has deemed it a variant of concern. And it has since been detected around the world, including in the U.S.\n\nResearchers have been trying to understand how contagious the new strain is, as well as how well it might be able to evade Covid-19 vaccines and whether it causes severe disease. Some preliminary reports suggest the variant is more contagious but might cause milder disease, though researchers say it is too early to know.\n\nPfizer and BioNTech said they expect to make four billion vaccine doses next year, even if an Omicron-specific vaccine is required by then.\n\nDr. Dolsten said that regardless of how widespread Omicron becomes, continued booster shots will likely be needed going forward to provide protection against Covid-19. A fourth booster dose is likely to be needed in the spring or fall of 2022, he said.\n\n“It’s increasingly clear you need to have a long-term perspective, with continued boosting to have strong durable immunity,” said Dr. Dolsten. “If the landscape looks similar to today, we will likely continue to boost with the current vaccine.”\n\nPfizer’s shares rose 1% while BioNTech’s American depositary shares fell 0.2% in morning 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11:34","market":"us","language":"en","title":"Real-Rate Reckoning Is Coming for Big Tech, Wells Fargo Warns<blockquote>富国银行警告称，大型科技公司即将实行实际利率清算</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175618425","media":"Bloomberg","summary":"(Bloomberg) -- Big Tech stocks may be defying the biggest outbreak of bond volatility since April 20","content":"<p><div> (Bloomberg) -- Big Tech stocks may be defying the biggest outbreak of bond volatility since April 2020, but a cohort of Wall Street strategists warn that a spike in real interest rates could finally ...</p><p><blockquote><div>（彭博社）-大型科技股可能正在克服自2020年4月以来最大的债券波动爆发，但一群华尔街策略师警告说，实际利率飙升最终可能……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/real-rate-reckoning-coming-big-141233636.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/real-rate-reckoning-coming-big-141233636.html\">网页连接</a></blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Real-Rate Reckoning Is Coming for Big Tech, Wells Fargo Warns<blockquote>富国银行警告称，大型科技公司即将实行实际利率清算</blockquote></title>\n<style 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}\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\">\nReal-Rate Reckoning Is Coming for Big Tech, Wells Fargo Warns<blockquote>富国银行警告称，大型科技公司即将实行实际利率清算</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-11-03 11:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> (Bloomberg) -- Big Tech stocks may be defying the biggest outbreak of bond volatility since April 2020, but a cohort of Wall Street strategists warn that a spike in real interest rates could finally ...</p><p><blockquote><div>（彭博社）-大型科技股可能正在克服自2020年4月以来最大的债券波动爆发，但一群华尔街策略师警告说，实际利率飙升最终可能……</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/real-rate-reckoning-coming-big-141233636.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/real-rate-reckoning-coming-big-141233636.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/real-rate-reckoning-coming-big-141233636.html\">Bloomberg</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":{"WFC":"富国银行"},"source_url":"https://finance.yahoo.com/news/real-rate-reckoning-coming-big-141233636.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175618425","content_text":"(Bloomberg) -- Big Tech stocks may be defying the biggest outbreak of bond volatility since April 2020, but a cohort of Wall Street strategists warn that a spike in real interest rates could finally knock them from all-time highs.\nWith the Federal Reserve likely to announce the paring of pandemic stimulus this week, Wells Fargo Securities is the latest to warn that a “sharp” rise in inflation-adjusted yields is becoming ever-more probable. And that threatens to inflict pain on pricey tech stocks in particular given their tight link with Treasury-market machinations.\n“Our trading call on Tech may be at risk, especially across ‘high-octane’ names,” a team led by Christopher Harvey wrote in a Tuesday note.\nHand-wringing on Wall Street over the bond-market threat to tech equities is nothing new. The difference this time is that Treasury gyrations are hitting extremes. Market-derived inflation expectations have risen in recent weeks while nominal yields have yet to move as fast -- causing real rates to drop near record lows. That’s juicing tech valuations for now, but a reversal could spark disorderly moves.\n“The Fed’s anticipated taper announcement this week may potentially catalyze a significant directional change in real rates,” the Wells Fargo note said. “We believe the eventual real/break-even reversion will be sharp.”\nFor now, tech stocks are rallying along with seemingly every other equity. The Nasdaq 100, S&P 500, Dow Jones Industrial Average and Russell 2000 all closed at record highs on Tuesday.\nWhen real yields fall to rock bottom, future profits are discounted at lower rates -- pushing up valuations of stocks deemed able to grow their earnings for years to come. That’s why low rates have buoyed what quants call growth stocks, epitomized by tech names riding structural trends like Tesla Inc. or Netflix Inc.\nAll that has helped the Nasdaq 100 to outperform this quarter and Wells Fargo’s own basket of “growth at any price” shares jump 13% toward another record.\nWhile tech has dominated in the low-inflation world of the past decade, its recent rally has taken place against the backdrop of growing anxiety over consumer-price growth. As breakeven rates rose, a Societe Generale SA basket of stocks that gain with the cost of living just posted its best month since February.\nWells Fargo is hardly alone in sounding the alarm on the outlook for Big Tech. The last time the Fed started to withdraw stimulus, real rates began rising sharply just before its balance sheet expanded again. Given how negative those yields are now, “a revaluation may be ahead for long-duration assets like the megacap growth stocks that dominate the major indexes,” Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management warned last week.\nOver at UBS Asset Management, strategist Luke Kawa suggests real yields are low despite bets on imminent monetary tightening because traders expect the Fed to reverse course eventually or the economy to tank as a result. At the same time though, he says real rates could also gain to reflect faster growth and inflation. The latter scenario would be good for the pro-cyclical stock exposures but bad for the market’s overall valuations.\n“If the world is moving into a world of a sustained higher inflation rate and nominal yields suddenly reflect that, then global equity valuations will be reset to a lower level causing a substantial drawdown in equities,” Peter Garnry, head of equity strategy at Saxo Bank, wrote in a Tuesday note.\nTo many on Wall Street, tech investing is therefore at the mercy of a macro call. Is the world heading for a period of resilient growth, faster inflation and tighter Fed policy -- or will the business cycle buckle under the pressure of supply-chain bottlenecks and reduced stimulus?\nThat conundrum is everywhere in the bond market. While the shorter-end of the yield curve steepened in anticipation of the Fed move, the longer-end has flattened just as aggressively amid growth fears.\nMeanwhile, an option-derived gauge of Treasury volatility recently surged to the highest since April 2020, while the S&P 500’s equivalent hovers close to the lowest since before the crash last year. It’s a sign the fixed-income market may be telegraphing worrying omens for stocks.\n“From here we enter the midcycle adjustment, where gains moderate as expectations get recalibrated and policy normalizes,” Shalett at Morgan Stanley Wealth wrote. “Odds of a 10%-15% correction are increasing.”","news_type":1,"symbols_score_info":{"WFC":0.9}},"isVote":1,"tweetType":1,"viewCount":1231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":855039269,"gmtCreate":1635311353954,"gmtModify":1635311354045,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089861821723520","authorIdStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/855039269","repostId":"1112323314","repostType":4,"isVote":1,"tweetType":1,"viewCount":1353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":859672111,"gmtCreate":1634695836188,"gmtModify":1634695836351,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089861821723520","authorIdStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/859672111","repostId":"2176710436","repostType":4,"isVote":1,"tweetType":1,"viewCount":1273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":850621891,"gmtCreate":1634597809907,"gmtModify":1634597810080,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089861821723520","authorIdStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/850621891","repostId":"2176120817","repostType":4,"isVote":1,"tweetType":1,"viewCount":1285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":850623212,"gmtCreate":1634597783517,"gmtModify":1634597783675,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089861821723520","authorIdStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850623212","repostId":"827764741","repostType":1,"repost":{"id":827764741,"gmtCreate":1634525028279,"gmtModify":1634525343952,"author":{"id":"3527667596890271","authorId":"3527667596890271","name":"Buy_Sell","avatar":"https://static.tigerbbs.com/a5f0ed79a338c758a22e0b4ea13bf9d2","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667596890271","authorIdStr":"3527667596890271"},"themes":[],"title":"🚀【10月18日】看本周关键事件，聊今日交易计划","htmlText":"聊聊今日份的交易想法，包括对于大盘走势后续的看法？看涨/看跌哪只股票、晒晒单等等。 港股市场 10月18日讯，港股三大指数高开，恒指涨0.37%报25425点，国指涨0.3%报8992点，恒生科技指数涨0.44%报6346点。盘面上，铜、铝等有色金属集体高开，<a target=\"_blank\" href=\"https://laohu8.com/S/02899\">$紫金矿业(02899)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/01208\">$五矿资源(01208)$</a> 涨超4%；教育股、燃气股、体育用品股、风电股、零售股集体上涨，中房协维护行业稳定，房地产股、物管股多数高开，<a target=\"_blank\" href=\"https://laohu8.com/S/03301\">$融信中国(03301)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/03900\">$绿城中国(03900)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/01918\">$融创中国(01918)$</a> 均涨1.8%；大型科技股普涨，<a target=\"_blank\" href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/JD\">$京东(JD)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a> 小幅高开；生物制药股、中资券商股等走低明显。","listText":"聊聊今日份的交易想法，包括对于大盘走势后续的看法？看涨/看跌哪只股票、晒晒单等等。 港股市场 10月18日讯，港股三大指数高开，恒指涨0.37%报25425点，国指涨0.3%报8992点，恒生科技指数涨0.44%报6346点。盘面上，铜、铝等有色金属集体高开，<a target=\"_blank\" href=\"https://laohu8.com/S/02899\">$紫金矿业(02899)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/01208\">$五矿资源(01208)$</a> 涨超4%；教育股、燃气股、体育用品股、风电股、零售股集体上涨，中房协维护行业稳定，房地产股、物管股多数高开，<a target=\"_blank\" href=\"https://laohu8.com/S/03301\">$融信中国(03301)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/03900\">$绿城中国(03900)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/01918\">$融创中国(01918)$</a> 均涨1.8%；大型科技股普涨，<a target=\"_blank\" href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/JD\">$京东(JD)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a> 小幅高开；生物制药股、中资券商股等走低明显。","text":"聊聊今日份的交易想法，包括对于大盘走势后续的看法？看涨/看跌哪只股票、晒晒单等等。 港股市场 10月18日讯，港股三大指数高开，恒指涨0.37%报25425点，国指涨0.3%报8992点，恒生科技指数涨0.44%报6346点。盘面上，铜、铝等有色金属集体高开，$紫金矿业(02899)$ 、$五矿资源(01208)$ 涨超4%；教育股、燃气股、体育用品股、风电股、零售股集体上涨，中房协维护行业稳定，房地产股、物管股多数高开，$融信中国(03301)$ 、$绿城中国(03900)$ 、$融创中国(01918)$ 均涨1.8%；大型科技股普涨，$腾讯控股(00700)$ 、$京东(JD)$ 、$阿里巴巴(BABA)$ 小幅高开；生物制药股、中资券商股等走低明显。","images":[{"img":"https://static.tigerbbs.com/8c224c9889536a14f83eca563ae0bb07","width":"666","height":"284"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/827764741","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":825900059,"gmtCreate":1634184076749,"gmtModify":1634184076749,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089861821723520","authorIdStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/825900059","repostId":"1111412750","repostType":4,"repost":{"id":"1111412750","kind":"news","pubTimestamp":1634182832,"share":"https://www.laohunote.com/m/news/1111412750?lang=zh_CN&edition=full","pubTime":"2021-10-14 11:40","market":"us","language":"en","title":"Buying The Dip Is Dead<blockquote>逢低买入已死</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111412750","media":"seekingalpha","summary":"Summary\n\nBuying the dip died when the volatility sellers failed to show up.\nThere's a mechanical rea","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>Buying the dip died when the volatility sellers failed to show up.</li>  <li>There's a mechanical reason why the market has not \"bounced back.\"</li>  <li>That mechanical reason has broken down due to fundamental shifts.</li> </ul> The market has been melting, and that \"buy the dip\" mentality seems to be in trouble. There's an excellent reason for why buying the dip hasn't worked, and probably why it won't work this time around either. All you have to do is look at the VIX and the SKEW indexes to understand why.</p><p><blockquote><ul><li>当波动性卖家未能出现时，逢低买入就死了。</li><li>市场没有“反弹”有一个机械原因。</li><li>由于根本性的转变，这种机械原因已经崩溃。</li></ul>市场一直在融化，那种“逢低买入”的心态似乎陷入困境。为什么逢低买入没有奏效，这是一个很好的理由，而且这次可能也不会奏效。你所要做的就是看看VIX和偏斜指数，就能明白为什么。</blockquote></p><p> Falling volatility has been a lynchpin of propping up the market every time it falters since the COVID low. Every time the market sank, the VIX would spike higher. Then, a swarm of traders would come in looking to short volatility, which would send the VIX lower, pushing the S&amp;P 500 higher. However, that component of the market appears to be gone. The VIX has been steadily rising since June, with higher lows. More recently, the VIX hasn't been able to get below 18, and each drop in the S&amp;P 500 has seen lower highs.</p><p><blockquote>自新冠疫情低点以来，每次市场动摇时，波动性下降一直是支撑市场的关键。每次市场下跌，VIX 都会飙升。然后，一大群交易者会进来寻找做空波动性，这将导致 VIX 走低，推高标普500。然而，市场的这一组成部分似乎已经消失。VIX自6月份以来一直在稳步上升，低点更高。最近，VIX 一直未能低于 18，而且标普500的每次下跌都会出现更低的高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d40186560f397cc6ebdc4e85ba18725\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Additionally, the SKEW index has cratered in recent weeks. It's because traders that have been betting on volatility falling have likely been shorting at-the-money forms of it, and to hedge those positions, they have been buying out-of-money forms. It's why the SKEW index reached record highs in June as the VIX hit its lows.</p><p><blockquote>此外，倾斜指数最近几周急剧下降。这是因为一直押注波动性下降的交易者可能一直在做空其平价形式，为了对冲这些头寸，他们一直在买入平价形式。这就是为什么当VIX触及低点时，倾斜指数在6月份创下历史新高。</blockquote></p><p> The SKEW index wasn't rising into June 2021 because traders were trying to hedge against tail risk or an unforeseen event. The SKEW index was rising as a hedge against short volatility positions.</p><p><blockquote>SKEW指数在2021年6月之前没有上升，因为交易者试图对冲尾部风险或不可预见的事件。作为对冲空头波动头寸的对冲，偏斜指数正在上升。</blockquote></p><p> If volatility sellers do not return to this market, then a big piece of why the market always has been able to bounce back so quickly on every dip will be gone. Buying the dip will simply not work.</p><p><blockquote>如果波动性卖家不回到这个市场，那么为什么市场总是能够在每次下跌时如此迅速地反弹的很大一部分将消失。逢低买入根本行不通。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d92c33e67c289d5c9d1e8d0d6ec74b5d\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> But with QE likely on its way out, financial conditions are likely to tighten as a result. It seems that volatility sellers have gone missing for a good reason. If that's the case, the considerable risk in the market isn't going to be the fear of missing out. The substantial risk is a meltdown, not all that&nbsp;dissimilar to that of 2018, which I have noted on several occasions many of the same similarities of today to back then.</p><p><blockquote>但随着量化宽松可能即将退出，金融状况可能会因此收紧。看来波动性卖家的消失是有充分理由的。如果是这样的话，市场上的相当大的风险就不会是害怕错过。巨大的风险是崩溃，与2018年没有太大不同，我在几个场合注意到今天和那时有许多相同的相似之处。</blockquote></p><p> The dollar index may be a big piece of that. It has been surging higher, and that the S&amp;P 500 has been trading precisely the opposite to the dollar's move. When the dollar has been strengthening, the S&amp;P 500 has been falling and vice versa. The&nbsp;dollar is telling us that tapering&nbsp;is coming and very soon. The stock market knows what this means too, and it isn't good for stocks.</p><p><blockquote>美元指数可能是其中的一大部分。它一直在飙升，而标普500的走势与美元的走势完全相反。当美元走强时，标普500就会下跌，反之亦然。美元告诉我们，缩减规模即将到来，而且很快。股市也知道这意味着什么，这对股票不利。</blockquote></p><p> The two-year Treasury rate has also been creeping higher and now stands at more than 35 bps. The two-year most likely needs to rise much more if the Fed is tapering. By the time the QE taper ended in October 2014, the two-year was around 50 to 60 bps. That means the&nbsp;two-year&nbsp;now has further to climb as this process commences potentially as soon as the November FOMC meeting.</p><p><blockquote>两年期国债利率也一直在攀升，目前已超过 35 个基点。如果美联储缩减规模，两年期利率很可能需要上涨更多。到 2014 年 10 月量化宽松结束时，两年期利率约为 50 至 60 个基点。这意味着两年期利率现在将进一步攀升，因为这一过程可能会在 11 月 FOMC 会议后开始。</blockquote></p><p> Despite the stronger dollar, the 10-year has been falling, and that's because the market is picking up on what I have been telling you for months. Growth rates here in the US and around the globe have been slowing and are now near stall speed. They have gotten so slow here in the US that the Atlanta Fed GDPNow is now projecting just a 1.3% third quarter growth rate, an enormous drop from the second-quarter reading of 6.7%.</p><p><blockquote>尽管美元走强，但 10 年期国债一直在下跌，这是因为市场正在回升我几个月来一直告诉你的情况。美国和全球的增长率一直在放缓，现在接近停滞速度。他们在美国变得如此缓慢，以至于亚特兰大联储GDPNow现在预计第三季度的增长率仅为1.3%，比第二季度的6.7%大幅下降。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ce210603773584da38e4fbf054f31ba9\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The market knows that a strong dollar in regular times exports inflationary forces aboard in countries that buy commodities, finances debt, or conduct business in dollars. It's a global growth killer. On top of that, rising prices for things like energy are already likely to slow growth, and now with the dollar rising, it makes the problem even more prominent. It is driving the rates on the long-end of the curve lower and flattening the yield curve.</p><p><blockquote>市场知道，在正常情况下，强势美元会向购买商品、为债务融资或以美元开展业务的国家输出通胀力量。这是全球增长杀手。最重要的是，能源等商品价格上涨已经可能减缓增长，现在随着美元升值，这个问题变得更加突出。它降低了曲线长端的利率，并使收益率曲线变平。</blockquote></p><p> This time is different from previous pullbacks. This is why this time the pullback is only in its early phases. Earnings estimates have started to come down, and they are likely to come down further because if one thing is crystal clear, GDP growth expectations were way off base, and means that it is highly likely that&nbsp;earnings estimates&nbsp;are way off base, which means earnings growth rates will be heading lower or top of what they have declined.</p><p><blockquote>这次与以往的回调不同。这就是为什么这次回调仅处于早期阶段。盈利预期已经开始下降，而且可能会进一步下降，因为有一点非常清楚，那就是 GDP 增长预期远远偏离基数，这意味着盈利预期极有可能远离基数，这意味着盈利增长率将走低或高于下降幅度。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/b784f4142c7b91a6c36b4c8d263db047\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It's just a matter of when the stock market realizes that a Fed tapering event will push the dollar index even higher at the worst possible time resulting in a massive global growth scare. Perhaps the biggest reason why the volatility sellers have left the building.</p><p><blockquote>这只是股市何时意识到美联储缩减规模事件将在最糟糕的情况下推高美元指数，导致大规模的全球增长恐慌的问题。也许这是波动性卖家离开大楼的最大原因。</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>Buying The Dip Is Dead<blockquote>逢低买入已死</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\">\nBuying The Dip Is Dead<blockquote>逢低买入已死</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-10-14 11:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>Buying the dip died when the volatility sellers failed to show up.</li>  <li>There's a mechanical reason why the market has not \"bounced back.\"</li>  <li>That mechanical reason has broken down due to fundamental shifts.</li> </ul> The market has been melting, and that \"buy the dip\" mentality seems to be in trouble. There's an excellent reason for why buying the dip hasn't worked, and probably why it won't work this time around either. All you have to do is look at the VIX and the SKEW indexes to understand why.</p><p><blockquote><ul><li>当波动性卖家未能出现时，逢低买入就死了。</li><li>市场没有“反弹”有一个机械原因。</li><li>由于根本性的转变，这种机械原因已经崩溃。</li></ul>市场一直在融化，那种“逢低买入”的心态似乎陷入困境。为什么逢低买入没有奏效，这是一个很好的理由，而且这次可能也不会奏效。你所要做的就是看看VIX和偏斜指数，就能明白为什么。</blockquote></p><p> Falling volatility has been a lynchpin of propping up the market every time it falters since the COVID low. Every time the market sank, the VIX would spike higher. Then, a swarm of traders would come in looking to short volatility, which would send the VIX lower, pushing the S&amp;P 500 higher. However, that component of the market appears to be gone. The VIX has been steadily rising since June, with higher lows. More recently, the VIX hasn't been able to get below 18, and each drop in the S&amp;P 500 has seen lower highs.</p><p><blockquote>自新冠疫情低点以来，每次市场动摇时，波动性下降一直是支撑市场的关键。每次市场下跌，VIX 都会飙升。然后，一大群交易者会进来寻找做空波动性，这将导致 VIX 走低，推高标普500。然而，市场的这一组成部分似乎已经消失。VIX自6月份以来一直在稳步上升，低点更高。最近，VIX 一直未能低于 18，而且标普500的每次下跌都会出现更低的高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d40186560f397cc6ebdc4e85ba18725\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Additionally, the SKEW index has cratered in recent weeks. It's because traders that have been betting on volatility falling have likely been shorting at-the-money forms of it, and to hedge those positions, they have been buying out-of-money forms. It's why the SKEW index reached record highs in June as the VIX hit its lows.</p><p><blockquote>此外，倾斜指数最近几周急剧下降。这是因为一直押注波动性下降的交易者可能一直在做空其平价形式，为了对冲这些头寸，他们一直在买入平价形式。这就是为什么当VIX触及低点时，倾斜指数在6月份创下历史新高。</blockquote></p><p> The SKEW index wasn't rising into June 2021 because traders were trying to hedge against tail risk or an unforeseen event. The SKEW index was rising as a hedge against short volatility positions.</p><p><blockquote>SKEW指数在2021年6月之前没有上升，因为交易者试图对冲尾部风险或不可预见的事件。作为对冲空头波动头寸的对冲，偏斜指数正在上升。</blockquote></p><p> If volatility sellers do not return to this market, then a big piece of why the market always has been able to bounce back so quickly on every dip will be gone. Buying the dip will simply not work.</p><p><blockquote>如果波动性卖家不回到这个市场，那么为什么市场总是能够在每次下跌时如此迅速地反弹的很大一部分将消失。逢低买入根本行不通。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d92c33e67c289d5c9d1e8d0d6ec74b5d\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> But with QE likely on its way out, financial conditions are likely to tighten as a result. It seems that volatility sellers have gone missing for a good reason. If that's the case, the considerable risk in the market isn't going to be the fear of missing out. The substantial risk is a meltdown, not all that&nbsp;dissimilar to that of 2018, which I have noted on several occasions many of the same similarities of today to back then.</p><p><blockquote>但随着量化宽松可能即将退出，金融状况可能会因此收紧。看来波动性卖家的消失是有充分理由的。如果是这样的话，市场上的相当大的风险就不会是害怕错过。巨大的风险是崩溃，与2018年没有太大不同，我在几个场合注意到今天和那时有许多相同的相似之处。</blockquote></p><p> The dollar index may be a big piece of that. It has been surging higher, and that the S&amp;P 500 has been trading precisely the opposite to the dollar's move. When the dollar has been strengthening, the S&amp;P 500 has been falling and vice versa. The&nbsp;dollar is telling us that tapering&nbsp;is coming and very soon. The stock market knows what this means too, and it isn't good for stocks.</p><p><blockquote>美元指数可能是其中的一大部分。它一直在飙升，而标普500的走势与美元的走势完全相反。当美元走强时，标普500就会下跌，反之亦然。美元告诉我们，缩减规模即将到来，而且很快。股市也知道这意味着什么，这对股票不利。</blockquote></p><p> The two-year Treasury rate has also been creeping higher and now stands at more than 35 bps. The two-year most likely needs to rise much more if the Fed is tapering. By the time the QE taper ended in October 2014, the two-year was around 50 to 60 bps. That means the&nbsp;two-year&nbsp;now has further to climb as this process commences potentially as soon as the November FOMC meeting.</p><p><blockquote>两年期国债利率也一直在攀升，目前已超过 35 个基点。如果美联储缩减规模，两年期利率很可能需要上涨更多。到 2014 年 10 月量化宽松结束时，两年期利率约为 50 至 60 个基点。这意味着两年期利率现在将进一步攀升，因为这一过程可能会在 11 月 FOMC 会议后开始。</blockquote></p><p> Despite the stronger dollar, the 10-year has been falling, and that's because the market is picking up on what I have been telling you for months. Growth rates here in the US and around the globe have been slowing and are now near stall speed. They have gotten so slow here in the US that the Atlanta Fed GDPNow is now projecting just a 1.3% third quarter growth rate, an enormous drop from the second-quarter reading of 6.7%.</p><p><blockquote>尽管美元走强，但 10 年期国债一直在下跌，这是因为市场正在回升我几个月来一直告诉你的情况。美国和全球的增长率一直在放缓，现在接近停滞速度。他们在美国变得如此缓慢，以至于亚特兰大联储GDPNow现在预计第三季度的增长率仅为1.3%，比第二季度的6.7%大幅下降。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ce210603773584da38e4fbf054f31ba9\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The market knows that a strong dollar in regular times exports inflationary forces aboard in countries that buy commodities, finances debt, or conduct business in dollars. It's a global growth killer. On top of that, rising prices for things like energy are already likely to slow growth, and now with the dollar rising, it makes the problem even more prominent. It is driving the rates on the long-end of the curve lower and flattening the yield curve.</p><p><blockquote>市场知道，在正常情况下，强势美元会向购买商品、为债务融资或以美元开展业务的国家输出通胀力量。这是全球增长杀手。最重要的是，能源等商品价格上涨已经可能减缓增长，现在随着美元升值，这个问题变得更加突出。它降低了曲线长端的利率，并使收益率曲线变平。</blockquote></p><p> This time is different from previous pullbacks. This is why this time the pullback is only in its early phases. Earnings estimates have started to come down, and they are likely to come down further because if one thing is crystal clear, GDP growth expectations were way off base, and means that it is highly likely that&nbsp;earnings estimates&nbsp;are way off base, which means earnings growth rates will be heading lower or top of what they have declined.</p><p><blockquote>这次与以往的回调不同。这就是为什么这次回调仅处于早期阶段。盈利预期已经开始下降，而且可能会进一步下降，因为有一点非常清楚，那就是 GDP 增长预期远远偏离基数，这意味着盈利预期极有可能远离基数，这意味着盈利增长率将走低或高于下降幅度。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/b784f4142c7b91a6c36b4c8d263db047\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It's just a matter of when the stock market realizes that a Fed tapering event will push the dollar index even higher at the worst possible time resulting in a massive global growth scare. Perhaps the biggest reason why the volatility sellers have left the building.</p><p><blockquote>这只是股市何时意识到美联储缩减规模事件将在最糟糕的情况下推高美元指数，导致大规模的全球增长恐慌的问题。也许这是波动性卖家离开大楼的最大原因。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4459696-buying-the-dip-is-dead\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/article/4459696-buying-the-dip-is-dead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111412750","content_text":"Summary\n\nBuying the dip died when the volatility sellers failed to show up.\nThere's a mechanical reason why the market has not \"bounced back.\"\nThat mechanical reason has broken down due to fundamental shifts.\n\nThe market has been melting, and that \"buy the dip\" mentality seems to be in trouble. There's an excellent reason for why buying the dip hasn't worked, and probably why it won't work this time around either. All you have to do is look at the VIX and the SKEW indexes to understand why.\nFalling volatility has been a lynchpin of propping up the market every time it falters since the COVID low. Every time the market sank, the VIX would spike higher. Then, a swarm of traders would come in looking to short volatility, which would send the VIX lower, pushing the S&P 500 higher. However, that component of the market appears to be gone. The VIX has been steadily rising since June, with higher lows. More recently, the VIX hasn't been able to get below 18, and each drop in the S&P 500 has seen lower highs.\n\nAdditionally, the SKEW index has cratered in recent weeks. It's because traders that have been betting on volatility falling have likely been shorting at-the-money forms of it, and to hedge those positions, they have been buying out-of-money forms. It's why the SKEW index reached record highs in June as the VIX hit its lows.\nThe SKEW index wasn't rising into June 2021 because traders were trying to hedge against tail risk or an unforeseen event. The SKEW index was rising as a hedge against short volatility positions.\nIf volatility sellers do not return to this market, then a big piece of why the market always has been able to bounce back so quickly on every dip will be gone. Buying the dip will simply not work.\n\nBut with QE likely on its way out, financial conditions are likely to tighten as a result. It seems that volatility sellers have gone missing for a good reason. If that's the case, the considerable risk in the market isn't going to be the fear of missing out. The substantial risk is a meltdown, not all that dissimilar to that of 2018, which I have noted on several occasions many of the same similarities of today to back then.\nThe dollar index may be a big piece of that. It has been surging higher, and that the S&P 500 has been trading precisely the opposite to the dollar's move. When the dollar has been strengthening, the S&P 500 has been falling and vice versa. The dollar is telling us that tapering is coming and very soon. The stock market knows what this means too, and it isn't good for stocks.\nThe two-year Treasury rate has also been creeping higher and now stands at more than 35 bps. The two-year most likely needs to rise much more if the Fed is tapering. By the time the QE taper ended in October 2014, the two-year was around 50 to 60 bps. That means the two-year now has further to climb as this process commences potentially as soon as the November FOMC meeting.\nDespite the stronger dollar, the 10-year has been falling, and that's because the market is picking up on what I have been telling you for months. Growth rates here in the US and around the globe have been slowing and are now near stall speed. They have gotten so slow here in the US that the Atlanta Fed GDPNow is now projecting just a 1.3% third quarter growth rate, an enormous drop from the second-quarter reading of 6.7%.\n\nThe market knows that a strong dollar in regular times exports inflationary forces aboard in countries that buy commodities, finances debt, or conduct business in dollars. It's a global growth killer. On top of that, rising prices for things like energy are already likely to slow growth, and now with the dollar rising, it makes the problem even more prominent. It is driving the rates on the long-end of the curve lower and flattening the yield curve.\nThis time is different from previous pullbacks. This is why this time the pullback is only in its early phases. Earnings estimates have started to come down, and they are likely to come down further because if one thing is crystal clear, GDP growth expectations were way off base, and means that it is highly likely that earnings estimates are way off base, which means earnings growth rates will be heading lower or top of what they have declined.\n\nIt's just a matter of when the stock market realizes that a Fed tapering event will push the dollar index even higher at the worst possible time resulting in a massive global growth scare. Perhaps the biggest reason why the volatility sellers have left the building.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826316452,"gmtCreate":1633988198336,"gmtModify":1633988198336,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089861821723520","authorIdStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826316452","repostId":"2174120900","repostType":4,"isVote":1,"tweetType":1,"viewCount":1575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":821474757,"gmtCreate":1633782704528,"gmtModify":1633782704528,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089861821723520","authorIdStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/821474757","repostId":"2174920514","repostType":4,"isVote":1,"tweetType":1,"viewCount":1506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":866651148,"gmtCreate":1632779432684,"gmtModify":1632797978313,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089861821723520","authorIdStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866651148","repostId":"2170622225","repostType":4,"isVote":1,"tweetType":1,"viewCount":1160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":866653788,"gmtCreate":1632779402844,"gmtModify":1632797978807,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089861821723520","authorIdStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866653788","repostId":"1112832451","repostType":4,"repost":{"id":"1112832451","kind":"news","pubTimestamp":1632756701,"share":"https://www.laohunote.com/m/news/1112832451?lang=zh_CN&edition=full","pubTime":"2021-09-27 23:31","market":"us","language":"en","title":"Amazon Stock Falls. Morgan Stanley Cuts Its Price Target.<blockquote>亚马逊股价下跌。摩根士丹利下调目标价。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112832451","media":"Barrons","summary":"Shares of Amazon.com were lower Monday after analysts at Morgan Stanley cut their price target, sayi","content":"<p>Shares of Amazon.com were lower Monday after analysts at Morgan Stanley cut their price target, saying a&nbsp;push by the online retailer and tech giant to add to its logistics workforce was adding to profit pressures.</p><p><blockquote>摩根士丹利分析师下调目标价后，亚马逊股价周一走低，称这家在线零售商和科技巨头推动增加物流员工队伍增加了利润压力。</blockquote></p><p> Amazon (ticker: AMZN) fell 1.97% to $3,358.04. Higher bond yields also were hitting the stock Monday, as they were other fast-growing tech shares. The Nasdaq was falling 0.38%.</p><p><blockquote>亚马逊（股票代码：AMZN）下跌 1.97%，至 3,358.04 美元。周一，债券收益率上升也打击了该股，其他快速增长的科技股也是如此。纳斯达克下跌0.38%。</blockquote></p><p> Morgan Stanley analysts cut their price target $4,100&nbsp;from $4,300. They maintained their Overweight rating on the stock.</p><p><blockquote>摩根士丹利分析师将目标价从 4,300 美元下调至 4,100 美元。他们维持对该股的跑赢大盘评级。</blockquote></p><p> Analysts surveyed by FactSet also rate the stock at Overweight but with a higher average target price of $4,153.</p><p><blockquote>FactSet 调查的分析师也将该股评级定为跑赢大盘，但平均目标价更高，为 4,153 美元。</blockquote></p><p> “We have written in the past to how AMZN’s growing logisticsworkforce is set to enable more e-commerce share gains, faster ship speeds (1-day and same-day) and new business opportunities (like third party logistics) … but the cost of labor is rising,” wrote the analysts, led by Brian Nowak.</p><p><blockquote>“以布莱恩-诺瓦克（Brian Nowak）为首的分析师写道：”我们过去曾撰文指出，亚马逊不断增长的物流劳动力将如何带来更多的电子商务份额增长、更快的发货速度（1 天和当天）和新的商业机会（如第三方物流）.但劳动力成本正在上升。</blockquote></p><p> The analyst lowered his 2021 and 2002 EBIT estimates on Amazon by 16% and 19%, respectively.</p><p><blockquote>该分析师将亚马逊 2021 年和 2002 年息税前利润预期分别下调了 16% 和 19%。</blockquote></p><p> Amazon announced in mid-September that it was hiring more than 125,000 drivers and warehouse workers and will pay them a starting average wage of more than $18 an hour —and up to $22.50 in some places.</p><p><blockquote>亚马逊在9月中旬宣布，将雇佣超过12.5万名司机和仓库工人，并将向他们支付超过每小时18美元的平均起薪，在某些地方甚至高达22.5美元。</blockquote></p><p> The company has been on a hiring spree. At the beginning of September, the company announced it will fill 40,000 corporate and technology jobs; since the pandemic began in March 2020, Amazon has hired&nbsp;more than 450,000 people in the&nbsp;U.S.</p><p><blockquote>该公司一直在大肆招聘。9月初，该公司宣布将填补4万个企业和技术岗位；自2020年3月疫情开始以来，亚马逊已经在美国雇佣了超过45万名员工。</blockquote></p><p> “Near-term estimates are heading lower … but in our view it is also important to remember that rising wages are impacting all businesses (most recently&nbsp;FedEx&nbsp;(FDX) last week) and AMZN competitors,” the analysts said.</p><p><blockquote>“分析师们说：”近期的预测正在走低.但我们认为，同样重要的是要记住，工资上涨正在影响所有企业（最近一次是联邦快递（FDX）上周）和亚马逊的竞争对手。</blockquote></p><p> <i>Barron’s</i> reported last week how labor-cost inflation looked to be biting into profit margins at shipping giant&nbsp;FedEx.</p><p><blockquote><i>巴伦</i>上周报道了劳动力成本通胀如何侵蚀航运巨头联邦快递的利润率。</blockquote></p><p> “We acknowledge profit misses and slowing revenue may hold back AMZN’s ability to outperform through this investment cycle,” wrote Morgan Stanley. “In our view, AMZN may be tactically range bound until retail revenue can re-accelerate and beat expectations” in the first half of 2022. </p><p><blockquote>“摩根士丹利写道：”我们承认，利润低迷和收入放缓可能会阻碍亚马逊在本投资周期中跑赢大盘的能力。“我们认为，在 2022 年上半年零售收入能够重新加速并超出预期之前，亚马逊在战术上可能会受到区间限制”。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Stock Falls. Morgan Stanley Cuts Its Price Target.<blockquote>亚马逊股价下跌。摩根士丹利下调目标价。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Stock Falls. Morgan Stanley Cuts Its Price Target.<blockquote>亚马逊股价下跌。摩根士丹利下调目标价。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-27 23:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of Amazon.com were lower Monday after analysts at Morgan Stanley cut their price target, saying a&nbsp;push by the online retailer and tech giant to add to its logistics workforce was adding to profit pressures.</p><p><blockquote>摩根士丹利分析师下调目标价后，亚马逊股价周一走低，称这家在线零售商和科技巨头推动增加物流员工队伍增加了利润压力。</blockquote></p><p> Amazon (ticker: AMZN) fell 1.97% to $3,358.04. Higher bond yields also were hitting the stock Monday, as they were other fast-growing tech shares. The Nasdaq was falling 0.38%.</p><p><blockquote>亚马逊（股票代码：AMZN）下跌 1.97%，至 3,358.04 美元。周一，债券收益率上升也打击了该股，其他快速增长的科技股也是如此。纳斯达克下跌0.38%。</blockquote></p><p> Morgan Stanley analysts cut their price target $4,100&nbsp;from $4,300. They maintained their Overweight rating on the stock.</p><p><blockquote>摩根士丹利分析师将目标价从 4,300 美元下调至 4,100 美元。他们维持对该股的跑赢大盘评级。</blockquote></p><p> Analysts surveyed by FactSet also rate the stock at Overweight but with a higher average target price of $4,153.</p><p><blockquote>FactSet 调查的分析师也将该股评级定为跑赢大盘，但平均目标价更高，为 4,153 美元。</blockquote></p><p> “We have written in the past to how AMZN’s growing logisticsworkforce is set to enable more e-commerce share gains, faster ship speeds (1-day and same-day) and new business opportunities (like third party logistics) … but the cost of labor is rising,” wrote the analysts, led by Brian Nowak.</p><p><blockquote>“以布莱恩-诺瓦克（Brian Nowak）为首的分析师写道：”我们过去曾撰文指出，亚马逊不断增长的物流劳动力将如何带来更多的电子商务份额增长、更快的发货速度（1 天和当天）和新的商业机会（如第三方物流）.但劳动力成本正在上升。</blockquote></p><p> The analyst lowered his 2021 and 2002 EBIT estimates on Amazon by 16% and 19%, respectively.</p><p><blockquote>该分析师将亚马逊 2021 年和 2002 年息税前利润预期分别下调了 16% 和 19%。</blockquote></p><p> Amazon announced in mid-September that it was hiring more than 125,000 drivers and warehouse workers and will pay them a starting average wage of more than $18 an hour —and up to $22.50 in some places.</p><p><blockquote>亚马逊在9月中旬宣布，将雇佣超过12.5万名司机和仓库工人，并将向他们支付超过每小时18美元的平均起薪，在某些地方甚至高达22.5美元。</blockquote></p><p> The company has been on a hiring spree. At the beginning of September, the company announced it will fill 40,000 corporate and technology jobs; since the pandemic began in March 2020, Amazon has hired&nbsp;more than 450,000 people in the&nbsp;U.S.</p><p><blockquote>该公司一直在大肆招聘。9月初，该公司宣布将填补4万个企业和技术岗位；自2020年3月疫情开始以来，亚马逊已经在美国雇佣了超过45万名员工。</blockquote></p><p> “Near-term estimates are heading lower … but in our view it is also important to remember that rising wages are impacting all businesses (most recently&nbsp;FedEx&nbsp;(FDX) last week) and AMZN competitors,” the analysts said.</p><p><blockquote>“分析师们说：”近期的预测正在走低.但我们认为，同样重要的是要记住，工资上涨正在影响所有企业（最近一次是联邦快递（FDX）上周）和亚马逊的竞争对手。</blockquote></p><p> <i>Barron’s</i> reported last week how labor-cost inflation looked to be biting into profit margins at shipping giant&nbsp;FedEx.</p><p><blockquote><i>巴伦</i>上周报道了劳动力成本通胀如何侵蚀航运巨头联邦快递的利润率。</blockquote></p><p> “We acknowledge profit misses and slowing revenue may hold back AMZN’s ability to outperform through this investment cycle,” wrote Morgan Stanley. “In our view, AMZN may be tactically range bound until retail revenue can re-accelerate and beat expectations” in the first half of 2022. </p><p><blockquote>“摩根士丹利写道：”我们承认，利润低迷和收入放缓可能会阻碍亚马逊在本投资周期中跑赢大盘的能力。“我们认为，在 2022 年上半年零售收入能够重新加速并超出预期之前，亚马逊在战术上可能会受到区间限制”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/amazon-amzn-stock-price-target-cut-51632755695?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-amzn-stock-price-target-cut-51632755695?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112832451","content_text":"Shares of Amazon.com were lower Monday after analysts at Morgan Stanley cut their price target, saying a push by the online retailer and tech giant to add to its logistics workforce was adding to profit pressures.\nAmazon (ticker: AMZN) fell 1.97% to $3,358.04. Higher bond yields also were hitting the stock Monday, as they were other fast-growing tech shares. The Nasdaq was falling 0.38%.\n\nMorgan Stanley analysts cut their price target $4,100 from $4,300. They maintained their Overweight rating on the stock.\nAnalysts surveyed by FactSet also rate the stock at Overweight but with a higher average target price of $4,153.\n“We have written in the past to how AMZN’s growing logisticsworkforce is set to enable more e-commerce share gains, faster ship speeds (1-day and same-day) and new business opportunities (like third party logistics) … but the cost of labor is rising,” wrote the analysts, led by Brian Nowak.\nThe analyst lowered his 2021 and 2002 EBIT estimates on Amazon by 16% and 19%, respectively.\nAmazon announced in mid-September that it was hiring more than 125,000 drivers and warehouse workers and will pay them a starting average wage of more than $18 an hour —and up to $22.50 in some places.\n\nThe company has been on a hiring spree. At the beginning of September, the company announced it will fill 40,000 corporate and technology jobs; since the pandemic began in March 2020, Amazon has hired more than 450,000 people in the U.S.\n“Near-term estimates are heading lower … but in our view it is also important to remember that rising wages are impacting all businesses (most recently FedEx (FDX) last week) and AMZN competitors,” the analysts said.\nBarron’s reported last week how labor-cost inflation looked to be biting into profit margins at shipping giant FedEx.\n\n“We acknowledge profit misses and slowing revenue may hold back AMZN’s ability to outperform through this investment cycle,” wrote Morgan Stanley. “In our view, AMZN may be tactically range bound until retail revenue can re-accelerate and beat expectations” in the first half of 2022.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":859672111,"gmtCreate":1634695836188,"gmtModify":1634695836351,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089861821723520","idStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/859672111","repostId":"2176710436","repostType":4,"isVote":1,"tweetType":1,"viewCount":1273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":825900059,"gmtCreate":1634184076749,"gmtModify":1634184076749,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089861821723520","idStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/825900059","repostId":"1111412750","repostType":4,"repost":{"id":"1111412750","kind":"news","pubTimestamp":1634182832,"share":"https://www.laohunote.com/m/news/1111412750?lang=zh_CN&edition=full","pubTime":"2021-10-14 11:40","market":"us","language":"en","title":"Buying The Dip Is Dead<blockquote>逢低买入已死</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111412750","media":"seekingalpha","summary":"Summary\n\nBuying the dip died when the volatility sellers failed to show up.\nThere's a mechanical rea","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>Buying the dip died when the volatility sellers failed to show up.</li>  <li>There's a mechanical reason why the market has not \"bounced back.\"</li>  <li>That mechanical reason has broken down due to fundamental shifts.</li> </ul> The market has been melting, and that \"buy the dip\" mentality seems to be in trouble. There's an excellent reason for why buying the dip hasn't worked, and probably why it won't work this time around either. All you have to do is look at the VIX and the SKEW indexes to understand why.</p><p><blockquote><ul><li>当波动性卖家未能出现时，逢低买入就死了。</li><li>市场没有“反弹”有一个机械原因。</li><li>由于根本性的转变，这种机械原因已经崩溃。</li></ul>市场一直在融化，那种“逢低买入”的心态似乎陷入困境。为什么逢低买入没有奏效，这是一个很好的理由，而且这次可能也不会奏效。你所要做的就是看看VIX和偏斜指数，就能明白为什么。</blockquote></p><p> Falling volatility has been a lynchpin of propping up the market every time it falters since the COVID low. Every time the market sank, the VIX would spike higher. Then, a swarm of traders would come in looking to short volatility, which would send the VIX lower, pushing the S&amp;P 500 higher. However, that component of the market appears to be gone. The VIX has been steadily rising since June, with higher lows. More recently, the VIX hasn't been able to get below 18, and each drop in the S&amp;P 500 has seen lower highs.</p><p><blockquote>自新冠疫情低点以来，每次市场动摇时，波动性下降一直是支撑市场的关键。每次市场下跌，VIX 都会飙升。然后，一大群交易者会进来寻找做空波动性，这将导致 VIX 走低，推高标普500。然而，市场的这一组成部分似乎已经消失。VIX自6月份以来一直在稳步上升，低点更高。最近，VIX 一直未能低于 18，而且标普500的每次下跌都会出现更低的高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d40186560f397cc6ebdc4e85ba18725\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Additionally, the SKEW index has cratered in recent weeks. It's because traders that have been betting on volatility falling have likely been shorting at-the-money forms of it, and to hedge those positions, they have been buying out-of-money forms. It's why the SKEW index reached record highs in June as the VIX hit its lows.</p><p><blockquote>此外，倾斜指数最近几周急剧下降。这是因为一直押注波动性下降的交易者可能一直在做空其平价形式，为了对冲这些头寸，他们一直在买入平价形式。这就是为什么当VIX触及低点时，倾斜指数在6月份创下历史新高。</blockquote></p><p> The SKEW index wasn't rising into June 2021 because traders were trying to hedge against tail risk or an unforeseen event. The SKEW index was rising as a hedge against short volatility positions.</p><p><blockquote>SKEW指数在2021年6月之前没有上升，因为交易者试图对冲尾部风险或不可预见的事件。作为对冲空头波动头寸的对冲，偏斜指数正在上升。</blockquote></p><p> If volatility sellers do not return to this market, then a big piece of why the market always has been able to bounce back so quickly on every dip will be gone. Buying the dip will simply not work.</p><p><blockquote>如果波动性卖家不回到这个市场，那么为什么市场总是能够在每次下跌时如此迅速地反弹的很大一部分将消失。逢低买入根本行不通。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d92c33e67c289d5c9d1e8d0d6ec74b5d\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> But with QE likely on its way out, financial conditions are likely to tighten as a result. It seems that volatility sellers have gone missing for a good reason. If that's the case, the considerable risk in the market isn't going to be the fear of missing out. The substantial risk is a meltdown, not all that&nbsp;dissimilar to that of 2018, which I have noted on several occasions many of the same similarities of today to back then.</p><p><blockquote>但随着量化宽松可能即将退出，金融状况可能会因此收紧。看来波动性卖家的消失是有充分理由的。如果是这样的话，市场上的相当大的风险就不会是害怕错过。巨大的风险是崩溃，与2018年没有太大不同，我在几个场合注意到今天和那时有许多相同的相似之处。</blockquote></p><p> The dollar index may be a big piece of that. It has been surging higher, and that the S&amp;P 500 has been trading precisely the opposite to the dollar's move. When the dollar has been strengthening, the S&amp;P 500 has been falling and vice versa. The&nbsp;dollar is telling us that tapering&nbsp;is coming and very soon. The stock market knows what this means too, and it isn't good for stocks.</p><p><blockquote>美元指数可能是其中的一大部分。它一直在飙升，而标普500的走势与美元的走势完全相反。当美元走强时，标普500就会下跌，反之亦然。美元告诉我们，缩减规模即将到来，而且很快。股市也知道这意味着什么，这对股票不利。</blockquote></p><p> The two-year Treasury rate has also been creeping higher and now stands at more than 35 bps. The two-year most likely needs to rise much more if the Fed is tapering. By the time the QE taper ended in October 2014, the two-year was around 50 to 60 bps. That means the&nbsp;two-year&nbsp;now has further to climb as this process commences potentially as soon as the November FOMC meeting.</p><p><blockquote>两年期国债利率也一直在攀升，目前已超过 35 个基点。如果美联储缩减规模，两年期利率很可能需要上涨更多。到 2014 年 10 月量化宽松结束时，两年期利率约为 50 至 60 个基点。这意味着两年期利率现在将进一步攀升，因为这一过程可能会在 11 月 FOMC 会议后开始。</blockquote></p><p> Despite the stronger dollar, the 10-year has been falling, and that's because the market is picking up on what I have been telling you for months. Growth rates here in the US and around the globe have been slowing and are now near stall speed. They have gotten so slow here in the US that the Atlanta Fed GDPNow is now projecting just a 1.3% third quarter growth rate, an enormous drop from the second-quarter reading of 6.7%.</p><p><blockquote>尽管美元走强，但 10 年期国债一直在下跌，这是因为市场正在回升我几个月来一直告诉你的情况。美国和全球的增长率一直在放缓，现在接近停滞速度。他们在美国变得如此缓慢，以至于亚特兰大联储GDPNow现在预计第三季度的增长率仅为1.3%，比第二季度的6.7%大幅下降。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ce210603773584da38e4fbf054f31ba9\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The market knows that a strong dollar in regular times exports inflationary forces aboard in countries that buy commodities, finances debt, or conduct business in dollars. It's a global growth killer. On top of that, rising prices for things like energy are already likely to slow growth, and now with the dollar rising, it makes the problem even more prominent. It is driving the rates on the long-end of the curve lower and flattening the yield curve.</p><p><blockquote>市场知道，在正常情况下，强势美元会向购买商品、为债务融资或以美元开展业务的国家输出通胀力量。这是全球增长杀手。最重要的是，能源等商品价格上涨已经可能减缓增长，现在随着美元升值，这个问题变得更加突出。它降低了曲线长端的利率，并使收益率曲线变平。</blockquote></p><p> This time is different from previous pullbacks. This is why this time the pullback is only in its early phases. Earnings estimates have started to come down, and they are likely to come down further because if one thing is crystal clear, GDP growth expectations were way off base, and means that it is highly likely that&nbsp;earnings estimates&nbsp;are way off base, which means earnings growth rates will be heading lower or top of what they have declined.</p><p><blockquote>这次与以往的回调不同。这就是为什么这次回调仅处于早期阶段。盈利预期已经开始下降，而且可能会进一步下降，因为有一点非常清楚，那就是 GDP 增长预期远远偏离基数，这意味着盈利预期极有可能远离基数，这意味着盈利增长率将走低或高于下降幅度。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/b784f4142c7b91a6c36b4c8d263db047\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It's just a matter of when the stock market realizes that a Fed tapering event will push the dollar index even higher at the worst possible time resulting in a massive global growth scare. Perhaps the biggest reason why the volatility sellers have left the building.</p><p><blockquote>这只是股市何时意识到美联储缩减规模事件将在最糟糕的情况下推高美元指数，导致大规模的全球增长恐慌的问题。也许这是波动性卖家离开大楼的最大原因。</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>Buying The Dip Is Dead<blockquote>逢低买入已死</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\">\nBuying The Dip Is Dead<blockquote>逢低买入已死</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-10-14 11:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>Buying the dip died when the volatility sellers failed to show up.</li>  <li>There's a mechanical reason why the market has not \"bounced back.\"</li>  <li>That mechanical reason has broken down due to fundamental shifts.</li> </ul> The market has been melting, and that \"buy the dip\" mentality seems to be in trouble. There's an excellent reason for why buying the dip hasn't worked, and probably why it won't work this time around either. All you have to do is look at the VIX and the SKEW indexes to understand why.</p><p><blockquote><ul><li>当波动性卖家未能出现时，逢低买入就死了。</li><li>市场没有“反弹”有一个机械原因。</li><li>由于根本性的转变，这种机械原因已经崩溃。</li></ul>市场一直在融化，那种“逢低买入”的心态似乎陷入困境。为什么逢低买入没有奏效，这是一个很好的理由，而且这次可能也不会奏效。你所要做的就是看看VIX和偏斜指数，就能明白为什么。</blockquote></p><p> Falling volatility has been a lynchpin of propping up the market every time it falters since the COVID low. Every time the market sank, the VIX would spike higher. Then, a swarm of traders would come in looking to short volatility, which would send the VIX lower, pushing the S&amp;P 500 higher. However, that component of the market appears to be gone. The VIX has been steadily rising since June, with higher lows. More recently, the VIX hasn't been able to get below 18, and each drop in the S&amp;P 500 has seen lower highs.</p><p><blockquote>自新冠疫情低点以来，每次市场动摇时，波动性下降一直是支撑市场的关键。每次市场下跌，VIX 都会飙升。然后，一大群交易者会进来寻找做空波动性，这将导致 VIX 走低，推高标普500。然而，市场的这一组成部分似乎已经消失。VIX自6月份以来一直在稳步上升，低点更高。最近，VIX 一直未能低于 18，而且标普500的每次下跌都会出现更低的高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d40186560f397cc6ebdc4e85ba18725\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Additionally, the SKEW index has cratered in recent weeks. It's because traders that have been betting on volatility falling have likely been shorting at-the-money forms of it, and to hedge those positions, they have been buying out-of-money forms. It's why the SKEW index reached record highs in June as the VIX hit its lows.</p><p><blockquote>此外，倾斜指数最近几周急剧下降。这是因为一直押注波动性下降的交易者可能一直在做空其平价形式，为了对冲这些头寸，他们一直在买入平价形式。这就是为什么当VIX触及低点时，倾斜指数在6月份创下历史新高。</blockquote></p><p> The SKEW index wasn't rising into June 2021 because traders were trying to hedge against tail risk or an unforeseen event. The SKEW index was rising as a hedge against short volatility positions.</p><p><blockquote>SKEW指数在2021年6月之前没有上升，因为交易者试图对冲尾部风险或不可预见的事件。作为对冲空头波动头寸的对冲，偏斜指数正在上升。</blockquote></p><p> If volatility sellers do not return to this market, then a big piece of why the market always has been able to bounce back so quickly on every dip will be gone. Buying the dip will simply not work.</p><p><blockquote>如果波动性卖家不回到这个市场，那么为什么市场总是能够在每次下跌时如此迅速地反弹的很大一部分将消失。逢低买入根本行不通。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d92c33e67c289d5c9d1e8d0d6ec74b5d\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> But with QE likely on its way out, financial conditions are likely to tighten as a result. It seems that volatility sellers have gone missing for a good reason. If that's the case, the considerable risk in the market isn't going to be the fear of missing out. The substantial risk is a meltdown, not all that&nbsp;dissimilar to that of 2018, which I have noted on several occasions many of the same similarities of today to back then.</p><p><blockquote>但随着量化宽松可能即将退出，金融状况可能会因此收紧。看来波动性卖家的消失是有充分理由的。如果是这样的话，市场上的相当大的风险就不会是害怕错过。巨大的风险是崩溃，与2018年没有太大不同，我在几个场合注意到今天和那时有许多相同的相似之处。</blockquote></p><p> The dollar index may be a big piece of that. It has been surging higher, and that the S&amp;P 500 has been trading precisely the opposite to the dollar's move. When the dollar has been strengthening, the S&amp;P 500 has been falling and vice versa. The&nbsp;dollar is telling us that tapering&nbsp;is coming and very soon. The stock market knows what this means too, and it isn't good for stocks.</p><p><blockquote>美元指数可能是其中的一大部分。它一直在飙升，而标普500的走势与美元的走势完全相反。当美元走强时，标普500就会下跌，反之亦然。美元告诉我们，缩减规模即将到来，而且很快。股市也知道这意味着什么，这对股票不利。</blockquote></p><p> The two-year Treasury rate has also been creeping higher and now stands at more than 35 bps. The two-year most likely needs to rise much more if the Fed is tapering. By the time the QE taper ended in October 2014, the two-year was around 50 to 60 bps. That means the&nbsp;two-year&nbsp;now has further to climb as this process commences potentially as soon as the November FOMC meeting.</p><p><blockquote>两年期国债利率也一直在攀升，目前已超过 35 个基点。如果美联储缩减规模，两年期利率很可能需要上涨更多。到 2014 年 10 月量化宽松结束时，两年期利率约为 50 至 60 个基点。这意味着两年期利率现在将进一步攀升，因为这一过程可能会在 11 月 FOMC 会议后开始。</blockquote></p><p> Despite the stronger dollar, the 10-year has been falling, and that's because the market is picking up on what I have been telling you for months. Growth rates here in the US and around the globe have been slowing and are now near stall speed. They have gotten so slow here in the US that the Atlanta Fed GDPNow is now projecting just a 1.3% third quarter growth rate, an enormous drop from the second-quarter reading of 6.7%.</p><p><blockquote>尽管美元走强，但 10 年期国债一直在下跌，这是因为市场正在回升我几个月来一直告诉你的情况。美国和全球的增长率一直在放缓，现在接近停滞速度。他们在美国变得如此缓慢，以至于亚特兰大联储GDPNow现在预计第三季度的增长率仅为1.3%，比第二季度的6.7%大幅下降。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ce210603773584da38e4fbf054f31ba9\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The market knows that a strong dollar in regular times exports inflationary forces aboard in countries that buy commodities, finances debt, or conduct business in dollars. It's a global growth killer. On top of that, rising prices for things like energy are already likely to slow growth, and now with the dollar rising, it makes the problem even more prominent. It is driving the rates on the long-end of the curve lower and flattening the yield curve.</p><p><blockquote>市场知道，在正常情况下，强势美元会向购买商品、为债务融资或以美元开展业务的国家输出通胀力量。这是全球增长杀手。最重要的是，能源等商品价格上涨已经可能减缓增长，现在随着美元升值，这个问题变得更加突出。它降低了曲线长端的利率，并使收益率曲线变平。</blockquote></p><p> This time is different from previous pullbacks. This is why this time the pullback is only in its early phases. Earnings estimates have started to come down, and they are likely to come down further because if one thing is crystal clear, GDP growth expectations were way off base, and means that it is highly likely that&nbsp;earnings estimates&nbsp;are way off base, which means earnings growth rates will be heading lower or top of what they have declined.</p><p><blockquote>这次与以往的回调不同。这就是为什么这次回调仅处于早期阶段。盈利预期已经开始下降，而且可能会进一步下降，因为有一点非常清楚，那就是 GDP 增长预期远远偏离基数，这意味着盈利预期极有可能远离基数，这意味着盈利增长率将走低或高于下降幅度。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/b784f4142c7b91a6c36b4c8d263db047\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It's just a matter of when the stock market realizes that a Fed tapering event will push the dollar index even higher at the worst possible time resulting in a massive global growth scare. Perhaps the biggest reason why the volatility sellers have left the building.</p><p><blockquote>这只是股市何时意识到美联储缩减规模事件将在最糟糕的情况下推高美元指数，导致大规模的全球增长恐慌的问题。也许这是波动性卖家离开大楼的最大原因。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4459696-buying-the-dip-is-dead\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/article/4459696-buying-the-dip-is-dead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111412750","content_text":"Summary\n\nBuying the dip died when the volatility sellers failed to show up.\nThere's a mechanical reason why the market has not \"bounced back.\"\nThat mechanical reason has broken down due to fundamental shifts.\n\nThe market has been melting, and that \"buy the dip\" mentality seems to be in trouble. There's an excellent reason for why buying the dip hasn't worked, and probably why it won't work this time around either. All you have to do is look at the VIX and the SKEW indexes to understand why.\nFalling volatility has been a lynchpin of propping up the market every time it falters since the COVID low. Every time the market sank, the VIX would spike higher. Then, a swarm of traders would come in looking to short volatility, which would send the VIX lower, pushing the S&P 500 higher. However, that component of the market appears to be gone. The VIX has been steadily rising since June, with higher lows. More recently, the VIX hasn't been able to get below 18, and each drop in the S&P 500 has seen lower highs.\n\nAdditionally, the SKEW index has cratered in recent weeks. It's because traders that have been betting on volatility falling have likely been shorting at-the-money forms of it, and to hedge those positions, they have been buying out-of-money forms. It's why the SKEW index reached record highs in June as the VIX hit its lows.\nThe SKEW index wasn't rising into June 2021 because traders were trying to hedge against tail risk or an unforeseen event. The SKEW index was rising as a hedge against short volatility positions.\nIf volatility sellers do not return to this market, then a big piece of why the market always has been able to bounce back so quickly on every dip will be gone. Buying the dip will simply not work.\n\nBut with QE likely on its way out, financial conditions are likely to tighten as a result. It seems that volatility sellers have gone missing for a good reason. If that's the case, the considerable risk in the market isn't going to be the fear of missing out. The substantial risk is a meltdown, not all that dissimilar to that of 2018, which I have noted on several occasions many of the same similarities of today to back then.\nThe dollar index may be a big piece of that. It has been surging higher, and that the S&P 500 has been trading precisely the opposite to the dollar's move. When the dollar has been strengthening, the S&P 500 has been falling and vice versa. The dollar is telling us that tapering is coming and very soon. The stock market knows what this means too, and it isn't good for stocks.\nThe two-year Treasury rate has also been creeping higher and now stands at more than 35 bps. The two-year most likely needs to rise much more if the Fed is tapering. By the time the QE taper ended in October 2014, the two-year was around 50 to 60 bps. That means the two-year now has further to climb as this process commences potentially as soon as the November FOMC meeting.\nDespite the stronger dollar, the 10-year has been falling, and that's because the market is picking up on what I have been telling you for months. Growth rates here in the US and around the globe have been slowing and are now near stall speed. They have gotten so slow here in the US that the Atlanta Fed GDPNow is now projecting just a 1.3% third quarter growth rate, an enormous drop from the second-quarter reading of 6.7%.\n\nThe market knows that a strong dollar in regular times exports inflationary forces aboard in countries that buy commodities, finances debt, or conduct business in dollars. It's a global growth killer. On top of that, rising prices for things like energy are already likely to slow growth, and now with the dollar rising, it makes the problem even more prominent. It is driving the rates on the long-end of the curve lower and flattening the yield curve.\nThis time is different from previous pullbacks. This is why this time the pullback is only in its early phases. Earnings estimates have started to come down, and they are likely to come down further because if one thing is crystal clear, GDP growth expectations were way off base, and means that it is highly likely that earnings estimates are way off base, which means earnings growth rates will be heading lower or top of what they have declined.\n\nIt's just a matter of when the stock market realizes that a Fed tapering event will push the dollar index even higher at the worst possible time resulting in a massive global growth scare. Perhaps the biggest reason why the volatility sellers have left the building.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":835154192,"gmtCreate":1629697134816,"gmtModify":1633683100804,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089861821723520","idStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Nice article. Thanks for sharing.","listText":"Nice article. Thanks for sharing.","text":"Nice article. Thanks for sharing.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/835154192","repostId":"2161272742","repostType":4,"isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":873113422,"gmtCreate":1636879698485,"gmtModify":1636879698541,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089861821723520","idStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/873113422","repostId":"1103944030","repostType":4,"isVote":1,"tweetType":1,"viewCount":4356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602854542,"gmtCreate":1639009284261,"gmtModify":1639009284390,"author":{"id":"4089861821723520","authorId":"4089861821723520","name":"Huhu88","avatar":"https://static.tigerbbs.com/afaf32d53dd5ce37ce49c567be9cef05","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089861821723520","idStr":"4089861821723520"},"themes":[],"title":"","htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/602854542","repostId":"1121391317","repostType":4,"repost":{"id":"1121391317","kind":"news","pubTimestamp":1639008812,"share":"https://www.laohunote.com/m/news/1121391317?lang=zh_CN&edition=full","pubTime":"2021-12-09 08:13","market":"us","language":"en","title":"GameStop discloses SEC subpoena on trading activity, posts bigger-than-expected loss<blockquote>游戏驿站披露美国证券交易委员会关于交易活动的传票，公布亏损超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121391317","media":"Reuters","summary":"Dec 8 (Reuters) - Video game retailer GameStop Corp said it was issued a subpoena by the U.S. securi","content":"<p>Dec 8 (Reuters) - Video game retailer GameStop Corp said it was issued a subpoena by the U.S. securities regulator back in August for documents on an investigation into its share trading activity, while reporting a bigger-than-expected quarterly loss.</p><p><blockquote>路透12月8日 - 视频游戏零售商游戏驿站公司表示，美国证券监管机构早在8月份就向其发出传票，要求其提供对其股票交易活动进行调查的文件，同时报告季度亏损超出预期。</blockquote></p><p> GameStop was one of the companies whose shares hogged the limelight in this year's meme-stock frenzy, which was led by day traders and fueled by chatter on social media platforms such as Reddit.</p><p><blockquote>游戏驿站是今年模因股票热潮中备受瞩目的公司之一，这场热潮由日内交易者主导，并受到 Reddit 等社交媒体平台上聊天的推动。</blockquote></p><p> \"We are in the process of producing the documents and have been and intend to continue cooperating fully with the SEC Staff regarding this matter,\" GameStop said in a regulatory filing on Wednesday, adding that the inquiry was not expected to have an adverse impact on the company.</p><p><blockquote>游戏驿站在周三提交的一份监管文件中表示：“我们正在制作文件，并且一直并打算继续就此事与 SEC 工作人员充分合作。”他补充说，预计调查不会对公司产生不利影响。</blockquote></p><p> GameStop's shares were down 4.4% at $166 in extended trading, after having gained more than nine times so far this year.</p><p><blockquote>GameStop 的股价在盘后交易中下跌 4.4%，至 166 美元，今年迄今已上涨 9 倍多。</blockquote></p><p> On an adjusted basis, the company lost $1.39 per share in the third quarter ended Oct. 30, compared with estimates of a loss of $0.52 per share, according to Refinitiv IBES data.</p><p><blockquote>根据 Refinitiv IBES 数据，经调整后，该公司在截至 10 月 30 日的第三季度每股亏损 1.39 美元，而预计每股亏损 0.52 美元。</blockquote></p><p> GameStop's business model, which was suffering even before the pandemic hit, was further impacted by the COVID-19 lockdowns, with the company shutting down hundreds of brick-and-mortar stores.</p><p><blockquote>GameStop的商业模式甚至在疫情袭击之前就已经受到影响，受到新冠肺炎封锁的进一步影响，该公司关闭了数百家实体店。</blockquote></p><p> The company has since then tried to take advantage of the pandemic-fueled demand for online shopping by trying to sell its consoles and games online.</p><p><blockquote>此后，该公司试图利用疫情推动的在线购物需求，试图在线销售其游戏机和游戏。</blockquote></p><p> GameStop's overall revenue rose to $1.30 billion, beating estimates of $1.19 billion.</p><p><blockquote>GameStop 的总收入升至 13.0 亿美元，超出预期的 11.9 亿美元。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop discloses SEC subpoena on trading activity, posts bigger-than-expected loss<blockquote>游戏驿站披露美国证券交易委员会关于交易活动的传票，公布亏损超出预期</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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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\">\nGameStop discloses SEC subpoena on trading activity, posts bigger-than-expected loss<blockquote>游戏驿站披露美国证券交易委员会关于交易活动的传票，公布亏损超出预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-09 08:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Dec 8 (Reuters) - Video game retailer GameStop Corp said it was issued a subpoena by the U.S. securities regulator back in August for documents on an investigation into its share trading activity, while reporting a bigger-than-expected quarterly loss.</p><p><blockquote>路透12月8日 - 视频游戏零售商游戏驿站公司表示，美国证券监管机构早在8月份就向其发出传票，要求其提供对其股票交易活动进行调查的文件，同时报告季度亏损超出预期。</blockquote></p><p> GameStop was one of the companies whose shares hogged the limelight in this year's meme-stock frenzy, which was led by day traders and fueled by chatter on social media platforms such as Reddit.</p><p><blockquote>游戏驿站是今年模因股票热潮中备受瞩目的公司之一，这场热潮由日内交易者主导，并受到 Reddit 等社交媒体平台上聊天的推动。</blockquote></p><p> \"We are in the process of producing the documents and have been and intend to continue cooperating fully with the SEC Staff regarding this matter,\" GameStop said in a regulatory filing on Wednesday, adding that the inquiry was not expected to have an adverse impact on the company.</p><p><blockquote>游戏驿站在周三提交的一份监管文件中表示：“我们正在制作文件，并且一直并打算继续就此事与 SEC 工作人员充分合作。”他补充说，预计调查不会对公司产生不利影响。</blockquote></p><p> GameStop's shares were down 4.4% at $166 in extended trading, after having gained more than nine times so far this year.</p><p><blockquote>GameStop 的股价在盘后交易中下跌 4.4%，至 166 美元，今年迄今已上涨 9 倍多。</blockquote></p><p> On an adjusted basis, the company lost $1.39 per share in the third quarter ended Oct. 30, compared with estimates of a loss of $0.52 per share, according to Refinitiv IBES data.</p><p><blockquote>根据 Refinitiv IBES 数据，经调整后，该公司在截至 10 月 30 日的第三季度每股亏损 1.39 美元，而预计每股亏损 0.52 美元。</blockquote></p><p> GameStop's business model, which was suffering even before the pandemic hit, was further impacted by the COVID-19 lockdowns, with the company shutting down hundreds of brick-and-mortar stores.</p><p><blockquote>GameStop的商业模式甚至在疫情袭击之前就已经受到影响，受到新冠肺炎封锁的进一步影响，该公司关闭了数百家实体店。</blockquote></p><p> The company has since then tried to take advantage of the pandemic-fueled demand for online shopping by trying to sell its consoles and games online.</p><p><blockquote>此后，该公司试图利用疫情推动的在线购物需求，试图在线销售其游戏机和游戏。</blockquote></p><p> GameStop's overall revenue rose to $1.30 billion, beating estimates of $1.19 billion.</p><p><blockquote>GameStop 的总收入升至 13.0 亿美元，超出预期的 11.9 亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/1-gamestop-beats-quarterly-revenue-212028040.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://finance.yahoo.com/news/1-gamestop-beats-quarterly-revenue-212028040.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121391317","content_text":"Dec 8 (Reuters) - Video game retailer GameStop Corp said it was issued a subpoena by the U.S. securities regulator back in August for documents on an investigation into its share trading activity, while reporting a bigger-than-expected quarterly loss.\nGameStop was one of the companies whose shares hogged the limelight in this year's meme-stock frenzy, which was led by day traders and fueled by chatter on social media platforms such as Reddit.\n\"We are in the process of producing the documents and have been and intend to continue cooperating fully with the SEC Staff regarding this matter,\" GameStop said in a regulatory filing on Wednesday, adding that the inquiry was not expected to have an adverse impact on the company.\nGameStop's shares were down 4.4% at $166 in extended trading, after having gained more than nine times so far this year.\nOn an adjusted basis, the company lost $1.39 per share in the third quarter ended Oct. 30, compared with estimates of a loss of $0.52 per share, according to Refinitiv IBES data.\nGameStop's business model, which was suffering even before the pandemic hit, was further impacted by the COVID-19 lockdowns, with the company shutting down hundreds of brick-and-mortar stores.\nThe company has since then tried to take advantage of the pandemic-fueled demand for online shopping by trying to sell its consoles and games online.\nGameStop's overall revenue rose to $1.30 billion, beating estimates of $1.19 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