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- EmfirefamilyEmfirefamily
  ·2021-08-03
  Ye
  非常抱歉，此主贴已删除
  2,676 评论
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- EmfirefamilyEmfirefamily
  ·2021-08-02
  Yea
  非常抱歉，此主贴已删除
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- EmfirefamilyEmfirefamily
  ·2021-07-30
  Yea
  非常抱歉，此主贴已删除
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- EmfirefamilyEmfirefamily
  ·2021-07-29
  Yea
  S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500结束当日低点；鲍威尔表示美联储距离加息还有一段路要走</blockquote>
  NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after th
  S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500结束当日低点；鲍威尔表示美联储距离加息还有一段路要走</blockquote>
  3,471 1
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- EmfirefamilyEmfirefamily
  ·2021-07-28
  Yea
  非常抱歉，此主贴已删除
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- EmfirefamilyEmfirefamily
  ·2021-07-27
  Yea
  非常抱歉，此主贴已删除
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- EmfirefamilyEmfirefamily
  ·2021-07-25
  Yea
  非常抱歉，此主贴已删除
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- EmfirefamilyEmfirefamily
  ·2021-07-23
  Yea
  非常抱歉，此主贴已删除
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- EmfirefamilyEmfirefamily
  ·2021-07-21
  Yea
  Behind The Market's Furious Reversal: Record High Skew<blockquote>市场剧烈逆转背后：创纪录的高偏差</blockquote>
  At the end of June, when the S&P was making new all time highs day after day, and when the VIX was t
  Behind The Market's Furious Reversal: Record High Skew<blockquote>市场剧烈逆转背后：创纪录的高偏差</blockquote>
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- EmfirefamilyEmfirefamily
  ·2021-07-20
  Yea
  Economic Data Scheduled For Tuesday<blockquote>定于周二公布的经济数据</blockquote>
  Data on housing starts and permits for June will be released at 8:30 a.m. ET. A 1.590 million annual
  Economic Data Scheduled For Tuesday<blockquote>定于周二公布的经济数据</blockquote>
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07:23","market":"us","language":"en","title":"S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500结束当日低点；鲍威尔表示美联储距离加息还有一段路要走</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127264445","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after th","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> said the central bank was still a ways away from considering raising interest rates.</p><p><blockquote>路透纽约2月29日 - 标普500周三收盘变化不大，但在美联储表示美国经济复苏仍在轨道上，美联储主席Jerome<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>表示央行距离考虑加息还有一段距离。</blockquote></p><p> Keeping the market in check, shares of tech giant <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc fell 1.2% after it forecast slowing revenue growth.</p><p><blockquote>控制市场，科技巨头的股票<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc 在预测收入增长放缓后下跌 1.2%。</blockquote></p><p> In a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.</p><p><blockquote>在美联储发布新政策声明后的新闻发布会上，鲍威尔还表示，在美国央行于 2020 年春季为应对冠状病毒大流行带来的经济冲击而实施的经济支持之前，美国就业市场仍有 “一些需要填补的空间”。</blockquote></p><p> “It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz &amp; Associates Inc, an investment advisory firm based in Toledo, Ohio.</p><p><blockquote>“总部位于俄亥俄州托莱多的投资咨询公司 Alan B. Lancz &amp; Associates Inc. 总裁艾伦-兰茨（Alan Lancz）说：”看来，对市场来说最积极的事情可能是，他们远未加息。</blockquote></p><p> Right after the Fed statement, the S&amp;P 500 index reversed slight declines though it still ended a hair lower on the day.</p><p><blockquote>美联储声明发布后，标普500指数扭转了小幅跌势，但当天收盘仍小幅下跌。</blockquote></p><p> <a href=\"https://laohu8.com/S/ISBC\">Investors</a> have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>一直担心通胀上升和 COVID-19 病例激增会如何影响央行可能开始撤回刺激计划的计划。</blockquote></p><p> The central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.</p><p><blockquote>央行还表示，通胀上升仍然是 “暂时因素 ”的结果。美联储将隔夜基准利率维持在接近于零的水平，并维持债券购买计划不变。</blockquote></p><p> The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> ended higher and shares of Google parent <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.</p><p><blockquote>这个<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>谷歌母公司股价收高<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>Inc 创下历史新高，广告支出激增帮助其公布了创纪录的季度业绩。该股收盘上涨3.2%。</blockquote></p><p> The Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&amp;P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.</p><p><blockquote>道琼斯工业平均指数下跌127.59点，跌幅0.36%，至34,930.93点；标普500指数下跌0.82点，跌幅0.02%，至4,400.64点；纳斯达克综合指数上涨102.01点，跌幅0.7%，至14,762.58点。</blockquote></p><p> The Fed’s statement came at the conclusion of its latest two-day policy meeting.</p><p><blockquote>美联储是在最近一次为期两天的政策会议结束时发表上述声明的。</blockquote></p><p> “They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in <a href=\"https://laohu8.com/S/WEBK\">Wellesley</a>, Massachusetts.</p><p><blockquote>“他们有机会发出信号，表明他们将变得更加鹰派，但他们选择不接受。最重要的是，他们是可预测的，而且他们仍然是可预测的，”F.L. 的投资组合经理艾伦-哈森（Ellen Hazen）说。普特南投资管理公司<a href=\"https://laohu8.com/S/WEBK\">韦尔斯利</a>马萨诸塞州。</blockquote></p><p> In other earnings news, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.</p><p><blockquote>在其他财报新闻中，<a href=\"https://laohu8.com/S/MSFT\">微软</a>尽管云服务的繁荣帮助该公司的收入和盈利超出了华尔街的预期，但该公司最终下跌了 0.1%。</blockquote></p><p> Volume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 98.6 亿股，而过去 20 个交易日整个交易日的平均成交量也类似。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨发行量超过下跌发行量，比例为 1.85 比 1；在纳斯达克，2.61比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.</p><p><blockquote>标普500创下42个52周新高，没有新低；纳斯达克综合指数创下44个新高和67个新低。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500结束当日低点；鲍威尔表示美联储距离加息还有一段路要走</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes<blockquote>标普500结束当日低点；鲍威尔表示美联储距离加息还有一段路要走</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-07-29 07:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - The S&amp;P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> said the central bank was still a ways away from considering raising interest rates.</p><p><blockquote>路透纽约2月29日 - 标普500周三收盘变化不大，但在美联储表示美国经济复苏仍在轨道上，美联储主席Jerome<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>表示央行距离考虑加息还有一段距离。</blockquote></p><p> Keeping the market in check, shares of tech giant <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc fell 1.2% after it forecast slowing revenue growth.</p><p><blockquote>控制市场，科技巨头的股票<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc 在预测收入增长放缓后下跌 1.2%。</blockquote></p><p> In a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.</p><p><blockquote>在美联储发布新政策声明后的新闻发布会上，鲍威尔还表示，在美国央行于 2020 年春季为应对冠状病毒大流行带来的经济冲击而实施的经济支持之前，美国就业市场仍有 “一些需要填补的空间”。</blockquote></p><p> “It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz &amp; Associates Inc, an investment advisory firm based in Toledo, Ohio.</p><p><blockquote>“总部位于俄亥俄州托莱多的投资咨询公司 Alan B. Lancz &amp; Associates Inc. 总裁艾伦-兰茨（Alan Lancz）说：”看来，对市场来说最积极的事情可能是，他们远未加息。</blockquote></p><p> Right after the Fed statement, the S&amp;P 500 index reversed slight declines though it still ended a hair lower on the day.</p><p><blockquote>美联储声明发布后，标普500指数扭转了小幅跌势，但当天收盘仍小幅下跌。</blockquote></p><p> <a href=\"https://laohu8.com/S/ISBC\">Investors</a> have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>一直担心通胀上升和 COVID-19 病例激增会如何影响央行可能开始撤回刺激计划的计划。</blockquote></p><p> The central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.</p><p><blockquote>央行还表示，通胀上升仍然是 “暂时因素 ”的结果。美联储将隔夜基准利率维持在接近于零的水平，并维持债券购买计划不变。</blockquote></p><p> The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> ended higher and shares of Google parent <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.</p><p><blockquote>这个<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>谷歌母公司股价收高<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>Inc 创下历史新高，广告支出激增帮助其公布了创纪录的季度业绩。该股收盘上涨3.2%。</blockquote></p><p> The Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&amp;P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.</p><p><blockquote>道琼斯工业平均指数下跌127.59点，跌幅0.36%，至34,930.93点；标普500指数下跌0.82点，跌幅0.02%，至4,400.64点；纳斯达克综合指数上涨102.01点，跌幅0.7%，至14,762.58点。</blockquote></p><p> The Fed’s statement came at the conclusion of its latest two-day policy meeting.</p><p><blockquote>美联储是在最近一次为期两天的政策会议结束时发表上述声明的。</blockquote></p><p> “They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in <a href=\"https://laohu8.com/S/WEBK\">Wellesley</a>, Massachusetts.</p><p><blockquote>“他们有机会发出信号，表明他们将变得更加鹰派，但他们选择不接受。最重要的是，他们是可预测的，而且他们仍然是可预测的，”F.L. 的投资组合经理艾伦-哈森（Ellen Hazen）说。普特南投资管理公司<a href=\"https://laohu8.com/S/WEBK\">韦尔斯利</a>马萨诸塞州。</blockquote></p><p> In other earnings news, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.</p><p><blockquote>在其他财报新闻中，<a href=\"https://laohu8.com/S/MSFT\">微软</a>尽管云服务的繁荣帮助该公司的收入和盈利超出了华尔街的预期，但该公司最终下跌了 0.1%。</blockquote></p><p> Volume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 98.6 亿股，而过去 20 个交易日整个交易日的平均成交量也类似。</blockquote></p><p> Advancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨发行量超过下跌发行量，比例为 1.85 比 1；在纳斯达克，2.61比1的比率有利于进步人士。</blockquote></p><p> The S&amp;P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.</p><p><blockquote>标普500创下42个52周新高，没有新低；纳斯达克综合指数创下44个新高和67个新低。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-ends-off-days-lows-powell-says-fed-still-a-ways-away-from-rate-hikes-idUSL1N2P435H\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","IVV":"标普500ETF-iShares",".IXIC":"NASDAQ Composite","OEX":"标普100","SH":"做空标普500-Proshares","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF",".SPX":"S&P 500 Index","SPXU":"三倍做空标普500ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares",".DJI":"道琼斯","SSO":"2倍做多标普500ETF-ProShares"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-ends-off-days-lows-powell-says-fed-still-a-ways-away-from-rate-hikes-idUSL1N2P435H","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127264445","content_text":"NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome Powell said the central bank was still a ways away from considering raising interest rates.\nKeeping the market in check, shares of tech giant Apple Inc fell 1.2% after it forecast slowing revenue growth.\nIn a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.\n“It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz & Associates Inc, an investment advisory firm based in Toledo, Ohio.\nRight after the Fed statement, the S&P 500 index reversed slight declines though it still ended a hair lower on the day.\nInvestors have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.\nThe central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.\nThe Nasdaq ended higher and shares of Google parent Alphabet Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.\nThe Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.\nThe Fed’s statement came at the conclusion of its latest two-day policy meeting.\n“They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in Wellesley, Massachusetts.\nIn other earnings news, Microsoft Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.\nVolume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.\nThe S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.","news_type":1,"symbols_score_info":{"161125":0.9,".SPX":0.9,"SH":0.9,"SPY":0.9,"SDS":0.9,"SPXU":0.9,"SSO":0.9,"ESmain":0.9,"IVV":0.9,".IXIC":0.9,"OEF":0.9,"UPRO":0.9,".DJI":0.9,"OEX":0.9}},"isVote":1,"tweetType":1,"viewCount":3471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801181706,"gmtCreate":1627487817405,"gmtModify":1631891578013,"author":{"id":"3561349612413251","authorId":"3561349612413251","name":"Emfirefamily","avatar":"https://static.tigerbbs.com/4e15c42227c1a9b62ba5b357e07169cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561349612413251","authorIdStr":"3561349612413251"},"themes":[],"title":"","htmlText":"Yea","listText":"Yea","text":"Yea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/801181706","repostId":"2154360923","repostType":4,"isVote":1,"tweetType":1,"viewCount":3841,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803027192,"gmtCreate":1627397547516,"gmtModify":1631891578025,"author":{"id":"3561349612413251","authorId":"3561349612413251","name":"Emfirefamily","avatar":"https://static.tigerbbs.com/4e15c42227c1a9b62ba5b357e07169cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561349612413251","authorIdStr":"3561349612413251"},"themes":[],"title":"","htmlText":"Yea","listText":"Yea","text":"Yea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/803027192","repostId":"1133981518","repostType":4,"isVote":1,"tweetType":1,"viewCount":2765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177891899,"gmtCreate":1627192900011,"gmtModify":1631891578035,"author":{"id":"3561349612413251","authorId":"3561349612413251","name":"Emfirefamily","avatar":"https://static.tigerbbs.com/4e15c42227c1a9b62ba5b357e07169cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561349612413251","authorIdStr":"3561349612413251"},"themes":[],"title":"","htmlText":"Yea","listText":"Yea","text":"Yea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/177891899","repostId":"1153219140","repostType":4,"isVote":1,"tweetType":1,"viewCount":2542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175714388,"gmtCreate":1627049088044,"gmtModify":1631891578048,"author":{"id":"3561349612413251","authorId":"3561349612413251","name":"Emfirefamily","avatar":"https://static.tigerbbs.com/4e15c42227c1a9b62ba5b357e07169cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561349612413251","authorIdStr":"3561349612413251"},"themes":[],"title":"","htmlText":"Yea","listText":"Yea","text":"Yea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175714388","repostId":"2153983997","repostType":4,"isVote":1,"tweetType":1,"viewCount":2633,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176683890,"gmtCreate":1626879973410,"gmtModify":1631891578061,"author":{"id":"3561349612413251","authorId":"3561349612413251","name":"Emfirefamily","avatar":"https://static.tigerbbs.com/4e15c42227c1a9b62ba5b357e07169cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561349612413251","authorIdStr":"3561349612413251"},"themes":[],"title":"","htmlText":"Yea","listText":"Yea","text":"Yea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/176683890","repostId":"1144363960","repostType":4,"repost":{"id":"1144363960","kind":"news","pubTimestamp":1626877711,"share":"https://www.laohunote.com/m/news/1144363960?lang=zh_CN&edition=full","pubTime":"2021-07-21 22:28","market":"us","language":"en","title":"Behind The Market's Furious Reversal: Record High Skew<blockquote>市场剧烈逆转背后：创纪录的高偏差</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144363960","media":"zerohedge","summary":"At the end of June, when the S&P was making new all time highs day after day, and when the VIX was t","content":"<p>At the end of June, when the S&amp;P was making new all time highs day after day, and when the VIX was touching fresh 2021 lows, we cautioned that the skew index just hit a new all time high - meaning that put options have been unusually expensive relative to at-the-money options, helping support the put-heavy VIX index. As we further added, high skew, which compares put option prices with at-the-money option prices, has reached new all-time high,&nbsp;<b>and reflected investor perception that high volatility would return should markets sell off.</b></p><p><blockquote>6 月底，当标准普尔指数日复一日地创下历史新高，当 VIX 指数触及 2021 年新低时，我们警告说，倾斜指数刚刚创下历史新高——这意味着看跌期权相对于实值期权来说异常昂贵，有助于支撑以看跌期权为主的 VIX 指数。正如我们进一步补充的，将看跌期权价格与实值期权价格进行比较的高偏差已达到历史新高，<b>并反映了投资者的看法，即如果市场抛售，高波动性将会回归。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/b30d4664cf3c973cc1a86d743bcae379\" tg-width=\"746\" tg-height=\"464\" width=\"100%\" height=\"auto\">Commenting on this unusual move, we said that it shows that while on one hand traders seem complacent, they have never been more nervous that even a modest wobble in the market could start a crash. By extension,<b>\"</b><b><u>they have also never been more protected against a full-blown market crash</u></b><b>.\"</b></p><p><blockquote>在评论这一不寻常的举动时，我们说，这表明一方面交易者似乎很自满，但他们从未像现在这样紧张，因为即使是市场的轻微波动也可能引发崩盘。推而广之，<b>\"</b><b><u>面对全面的市场崩盘，它们也从未像现在这样受到保护</u></b><b>.\"</b></blockquote></p><p> So fast forward to the violent, if brief, air pocket (and hardly a full-blown crash) the market experienced late last week and on Monday, which saw stocks tumble the most in months... only to soar right after. In retrospect, traders have the record high skew to thank for that because while risk reversed sharply on Tuesday and continuing today, traders were fully hedged and ready to pounce.</p><p><blockquote>如此迅速地进入了上周晚些时候和周一市场经历的剧烈（尽管是短暂的）气穴（几乎不是全面崩盘），股市在几个月来跌幅最大……只是在那之后突然飙升。回想起来，交易员之所以有创纪录的高偏差，是因为尽管风险在周二急剧逆转并在今天继续，但交易员已经完全对冲并准备突袭。</blockquote></p><p> So following up on his observations from a month ago, when he first noted the record high skew, Goldman's derivatives strategist Rocky Fishman wrote that this week’s volatility pushed equity implied and realized volatility higher, with the VIX briefly hitting 25 during the day on Monday (19-Jul)...</p><p><blockquote>因此，高盛衍生品策略师洛基-菲什曼（Rocky Fishman）在一个月前首次注意到创纪录的高位偏差时写道，本周的波动性推高了股票隐含和实际波动性，VIX 指数在周一（7 月 19 日）白天短暂触及 25...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/44c28ca21fe15a17f5b7fa1e3236e5ad\" tg-width=\"651\" tg-height=\"375\" width=\"100%\" height=\"auto\">... even if in absolute terms vol is not high: three-week SPX realized vol (12.1%) is still below year-to-date realized vol (13.4%),and Tuesday’s rally brought the VIX back under 20. More importantly,<b>in response to record downside skew correctly implying that a sell-off would bring much higher volatility, skew has now moved even higher - at least for the S&amp;P 500.</b></p><p><blockquote>...即使从绝对值来看，成交量并不高： 三周 SPX 已实现成交量（12.1%）仍低于年初至今的已实现成交量（13.4%），周二的反弹使 VIX 指数回到了 20 点以下。更重要的是，<b>为了回应创纪录的下行倾斜正确地暗示抛售将带来更高的波动性，倾斜现在已经走得更高——至少对于标普500来说是这样。</b></blockquote></p><p> Some more observations from Fishman: \"although Tuesday’s large SPX move and drop in implied vol has reduced vol risk premium, the VIX remains high relative to recent realized vol.\"</p><p><blockquote>Fishman 的更多观察结果： “虽然周二 SPX 的大幅波动和隐含交易量的下降降低了交易量风险溢价，但相对于最近实现的交易量，VIX 指数仍然很高”。</blockquote></p><p> Furthermore, the SPX has not had one-month realized vol as high as the current VIX level (19.7) since November - indicating that options continue to be persistently expensive,<b>which also means that traders are hedging to outsized moves both higher and lower and any selloffs are likely to be fleeting as hedges are cashed in</b>.</p><p><blockquote>此外，自 11 月以来，SPX 的一个月实现交易量从未达到当前 VIX 水平 (19.7)，这表明期权仍然持续昂贵，<b>这也意味着交易员正在对冲大幅上涨和下跌，随着对冲兑现，任何抛售都可能转瞬即逝</b>.</blockquote></p><p> <img src=\"https://static.tigerbbs.com/002e0c79da541efcfb85fe1e04e29088\" tg-width=\"644\" tg-height=\"397\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> That said, given the recent precedent for quick sell-offs to be followed quickly by low volatility, Goldman expects volatility to subside in the near term with more likelihood of a sustained increase in Q4, and a big reason for this is the persistently high index skew.</p><p><blockquote>也就是说，鉴于最近快速抛售之后很快就会出现低波动性的先例，高盛预计波动性将在短期内消退，第四季度持续增长的可能性更大，而造成这种情况的一个重要原因是指数持续偏高。</blockquote></p><p>   SPX index skew continues to be at near-record levels, which we see as driven by a lack of downside sellers  <b>as much as demand for hedging.</b>The strong reaction of the VIX to Monday’s sell-off, with the VIX up over six points at one point intraday,  <b>proved that high skew was justified - at least on a very local level....</b>on a more persistent sell-off, it would be difficult to sustain the level of implied volatility that skew would indicate.  Meanwhile, from a cross-asset standpoint, Fishman adds that if interest rates staying this low has the potential to be a catalyst for further equity upside (unless they plunge<i><b>too</b></i>fast), leaving the potential for near-term asymmetry in SPX potential returns that is the opposite of what option markets are implying.</p><p><blockquote>SPX 指数偏差继续处于接近创纪录水平，我们认为这是由于缺乏下行卖家造成的<b>和对冲需求一样多。</b>VIX 对周一的抛售反应强烈，VIX 盘中一度上涨超过 6 点、<b>证明了高度倾斜是合理的——至少在非常局部的层面上是如此…….</b>在更持久的抛售中，很难维持 skew 所表明的隐含波动水平。与此同时，从跨资产的角度来看，菲什曼补充说，如果利率保持在如此低的水平，就有可能成为股市进一步上涨的催化剂（除非利率暴跌<i><b>也</b></i>快速），这使得 SPX 潜在回报可能出现近期不对称，这与期权市场所暗示的相反。</blockquote></p><p> So how does one trade the persistently sticky record high skew? Goldman continues to like levered risk reversals as a way to take advantage of this dynamic: Sell a 17-Sep 3800-strike put (12.1% OTM) to fund 2x 4550-strike (5.2% OTM) calls for zero net premium. The trade would be subject to dollar-for-dollar losses shouldthe SPX close below the downside strike at expiration.</p><p><blockquote>那么，如何交易持续粘性的创纪录高偏差呢？高盛仍然喜欢杠杆风险逆转作为利用这种动态的一种方式：出售 9 月 17 日 3800 行使价看跌期权 (12.1% OTM)，以零净溢价为 2x 4550 行使价 (5.2% OTM) 评级提供资金。如果SPX在到期时收盘低于下行震荡，该交易将遭受美元对美元的损失。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Behind The Market's Furious Reversal: Record High Skew<blockquote>市场剧烈逆转背后：创纪录的高偏差</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBehind The Market's Furious Reversal: Record High Skew<blockquote>市场剧烈逆转背后：创纪录的高偏差</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-21 22:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>At the end of June, when the S&amp;P was making new all time highs day after day, and when the VIX was touching fresh 2021 lows, we cautioned that the skew index just hit a new all time high - meaning that put options have been unusually expensive relative to at-the-money options, helping support the put-heavy VIX index. As we further added, high skew, which compares put option prices with at-the-money option prices, has reached new all-time high,&nbsp;<b>and reflected investor perception that high volatility would return should markets sell off.</b></p><p><blockquote>6 月底，当标准普尔指数日复一日地创下历史新高，当 VIX 指数触及 2021 年新低时，我们警告说，倾斜指数刚刚创下历史新高——这意味着看跌期权相对于实值期权来说异常昂贵，有助于支撑以看跌期权为主的 VIX 指数。正如我们进一步补充的，将看跌期权价格与实值期权价格进行比较的高偏差已达到历史新高，<b>并反映了投资者的看法，即如果市场抛售，高波动性将会回归。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/b30d4664cf3c973cc1a86d743bcae379\" tg-width=\"746\" tg-height=\"464\" width=\"100%\" height=\"auto\">Commenting on this unusual move, we said that it shows that while on one hand traders seem complacent, they have never been more nervous that even a modest wobble in the market could start a crash. By extension,<b>\"</b><b><u>they have also never been more protected against a full-blown market crash</u></b><b>.\"</b></p><p><blockquote>在评论这一不寻常的举动时，我们说，这表明一方面交易者似乎很自满，但他们从未像现在这样紧张，因为即使是市场的轻微波动也可能引发崩盘。推而广之，<b>\"</b><b><u>面对全面的市场崩盘，它们也从未像现在这样受到保护</u></b><b>.\"</b></blockquote></p><p> So fast forward to the violent, if brief, air pocket (and hardly a full-blown crash) the market experienced late last week and on Monday, which saw stocks tumble the most in months... only to soar right after. In retrospect, traders have the record high skew to thank for that because while risk reversed sharply on Tuesday and continuing today, traders were fully hedged and ready to pounce.</p><p><blockquote>如此迅速地进入了上周晚些时候和周一市场经历的剧烈（尽管是短暂的）气穴（几乎不是全面崩盘），股市在几个月来跌幅最大……只是在那之后突然飙升。回想起来，交易员之所以有创纪录的高偏差，是因为尽管风险在周二急剧逆转并在今天继续，但交易员已经完全对冲并准备突袭。</blockquote></p><p> So following up on his observations from a month ago, when he first noted the record high skew, Goldman's derivatives strategist Rocky Fishman wrote that this week’s volatility pushed equity implied and realized volatility higher, with the VIX briefly hitting 25 during the day on Monday (19-Jul)...</p><p><blockquote>因此，高盛衍生品策略师洛基-菲什曼（Rocky Fishman）在一个月前首次注意到创纪录的高位偏差时写道，本周的波动性推高了股票隐含和实际波动性，VIX 指数在周一（7 月 19 日）白天短暂触及 25...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/44c28ca21fe15a17f5b7fa1e3236e5ad\" tg-width=\"651\" tg-height=\"375\" width=\"100%\" height=\"auto\">... even if in absolute terms vol is not high: three-week SPX realized vol (12.1%) is still below year-to-date realized vol (13.4%),and Tuesday’s rally brought the VIX back under 20. More importantly,<b>in response to record downside skew correctly implying that a sell-off would bring much higher volatility, skew has now moved even higher - at least for the S&amp;P 500.</b></p><p><blockquote>...即使从绝对值来看，成交量并不高： 三周 SPX 已实现成交量（12.1%）仍低于年初至今的已实现成交量（13.4%），周二的反弹使 VIX 指数回到了 20 点以下。更重要的是，<b>为了回应创纪录的下行倾斜正确地暗示抛售将带来更高的波动性，倾斜现在已经走得更高——至少对于标普500来说是这样。</b></blockquote></p><p> Some more observations from Fishman: \"although Tuesday’s large SPX move and drop in implied vol has reduced vol risk premium, the VIX remains high relative to recent realized vol.\"</p><p><blockquote>Fishman 的更多观察结果： “虽然周二 SPX 的大幅波动和隐含交易量的下降降低了交易量风险溢价，但相对于最近实现的交易量，VIX 指数仍然很高”。</blockquote></p><p> Furthermore, the SPX has not had one-month realized vol as high as the current VIX level (19.7) since November - indicating that options continue to be persistently expensive,<b>which also means that traders are hedging to outsized moves both higher and lower and any selloffs are likely to be fleeting as hedges are cashed in</b>.</p><p><blockquote>此外，自 11 月以来，SPX 的一个月实现交易量从未达到当前 VIX 水平 (19.7)，这表明期权仍然持续昂贵，<b>这也意味着交易员正在对冲大幅上涨和下跌，随着对冲兑现，任何抛售都可能转瞬即逝</b>.</blockquote></p><p> <img src=\"https://static.tigerbbs.com/002e0c79da541efcfb85fe1e04e29088\" tg-width=\"644\" tg-height=\"397\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> That said, given the recent precedent for quick sell-offs to be followed quickly by low volatility, Goldman expects volatility to subside in the near term with more likelihood of a sustained increase in Q4, and a big reason for this is the persistently high index skew.</p><p><blockquote>也就是说，鉴于最近快速抛售之后很快就会出现低波动性的先例，高盛预计波动性将在短期内消退，第四季度持续增长的可能性更大，而造成这种情况的一个重要原因是指数持续偏高。</blockquote></p><p>   SPX index skew continues to be at near-record levels, which we see as driven by a lack of downside sellers  <b>as much as demand for hedging.</b>The strong reaction of the VIX to Monday’s sell-off, with the VIX up over six points at one point intraday,  <b>proved that high skew was justified - at least on a very local level....</b>on a more persistent sell-off, it would be difficult to sustain the level of implied volatility that skew would indicate.  Meanwhile, from a cross-asset standpoint, Fishman adds that if interest rates staying this low has the potential to be a catalyst for further equity upside (unless they plunge<i><b>too</b></i>fast), leaving the potential for near-term asymmetry in SPX potential returns that is the opposite of what option markets are implying.</p><p><blockquote>SPX 指数偏差继续处于接近创纪录水平，我们认为这是由于缺乏下行卖家造成的<b>和对冲需求一样多。</b>VIX 对周一的抛售反应强烈，VIX 盘中一度上涨超过 6 点、<b>证明了高度倾斜是合理的——至少在非常局部的层面上是如此…….</b>在更持久的抛售中，很难维持 skew 所表明的隐含波动水平。与此同时，从跨资产的角度来看，菲什曼补充说，如果利率保持在如此低的水平，就有可能成为股市进一步上涨的催化剂（除非利率暴跌<i><b>也</b></i>快速），这使得 SPX 潜在回报可能出现近期不对称，这与期权市场所暗示的相反。</blockquote></p><p> So how does one trade the persistently sticky record high skew? Goldman continues to like levered risk reversals as a way to take advantage of this dynamic: Sell a 17-Sep 3800-strike put (12.1% OTM) to fund 2x 4550-strike (5.2% OTM) calls for zero net premium. The trade would be subject to dollar-for-dollar losses shouldthe SPX close below the downside strike at expiration.</p><p><blockquote>那么，如何交易持续粘性的创纪录高偏差呢？高盛仍然喜欢杠杆风险逆转作为利用这种动态的一种方式：出售 9 月 17 日 3800 行使价看跌期权 (12.1% OTM)，以零净溢价为 2x 4550 行使价 (5.2% OTM) 评级提供资金。如果SPX在到期时收盘低于下行震荡，该交易将遭受美元对美元的损失。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/behind-markets-furious-reversal-record-high-skew?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/behind-markets-furious-reversal-record-high-skew?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144363960","content_text":"At the end of June, when the S&P was making new all time highs day after day, and when the VIX was touching fresh 2021 lows, we cautioned that the skew index just hit a new all time high - meaning that put options have been unusually expensive relative to at-the-money options, helping support the put-heavy VIX index. As we further added, high skew, which compares put option prices with at-the-money option prices, has reached new all-time high, and reflected investor perception that high volatility would return should markets sell off.\nCommenting on this unusual move, we said that it shows that while on one hand traders seem complacent, they have never been more nervous that even a modest wobble in the market could start a crash. By extension,\"they have also never been more protected against a full-blown market crash.\"\nSo fast forward to the violent, if brief, air pocket (and hardly a full-blown crash) the market experienced late last week and on Monday, which saw stocks tumble the most in months... only to soar right after. In retrospect, traders have the record high skew to thank for that because while risk reversed sharply on Tuesday and continuing today, traders were fully hedged and ready to pounce.\nSo following up on his observations from a month ago, when he first noted the record high skew, Goldman's derivatives strategist Rocky Fishman wrote that this week’s volatility pushed equity implied and realized volatility higher, with the VIX briefly hitting 25 during the day on Monday (19-Jul)...\n... even if in absolute terms vol is not high: three-week SPX realized vol (12.1%) is still below year-to-date realized vol (13.4%),and Tuesday’s rally brought the VIX back under 20. More importantly,in response to record downside skew correctly implying that a sell-off would bring much higher volatility, skew has now moved even higher - at least for the S&P 500.\nSome more observations from Fishman: \"although Tuesday’s large SPX move and drop in implied vol has reduced vol risk premium, the VIX remains high relative to recent realized vol.\"\nFurthermore, the SPX has not had one-month realized vol as high as the current VIX level (19.7) since November - indicating that options continue to be persistently expensive,which also means that traders are hedging to outsized moves both higher and lower and any selloffs are likely to be fleeting as hedges are cashed in.\n\nThat said, given the recent precedent for quick sell-offs to be followed quickly by low volatility, Goldman expects volatility to subside in the near term with more likelihood of a sustained increase in Q4, and a big reason for this is the persistently high index skew.\n\n SPX index skew continues to be at near-record levels, which we see as driven by a lack of downside sellers\n as much as demand for hedging.The strong reaction of the VIX to Monday’s sell-off, with the VIX up over six points at one point intraday,\n proved that high skew was justified - at least on a very local level....on a more persistent sell-off, it would be difficult to sustain the level of implied volatility that skew would indicate.\n\nMeanwhile, from a cross-asset standpoint, Fishman adds that if interest rates staying this low has the potential to be a catalyst for further equity upside (unless they plungetoofast), leaving the potential for near-term asymmetry in SPX potential returns that is the opposite of what option markets are implying.\nSo how does one trade the persistently sticky record high skew? Goldman continues to like levered risk reversals as a way to take advantage of this dynamic: Sell a 17-Sep 3800-strike put (12.1% OTM) to fund 2x 4550-strike (5.2% OTM) calls for zero net premium. The trade would be subject to dollar-for-dollar losses shouldthe SPX close below the downside strike at expiration.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2785,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178092057,"gmtCreate":1626770394679,"gmtModify":1631891578074,"author":{"id":"3561349612413251","authorId":"3561349612413251","name":"Emfirefamily","avatar":"https://static.tigerbbs.com/4e15c42227c1a9b62ba5b357e07169cf","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561349612413251","authorIdStr":"3561349612413251"},"themes":[],"title":"","htmlText":"Yea","listText":"Yea","text":"Yea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/178092057","repostId":"1117620888","repostType":4,"repost":{"id":"1117620888","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626769963,"share":"https://www.laohunote.com/m/news/1117620888?lang=zh_CN&edition=full","pubTime":"2021-07-20 16:32","market":"us","language":"en","title":"Economic Data Scheduled For Tuesday<blockquote>定于周二公布的经济数据</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117620888","media":"Benzinga Earnings","summary":"Data on housing starts and permits for June will be released at 8:30 a.m. ET. A 1.590 million annual","content":"<p><ul>  <li>Data on housing starts and permits for June will be released at 8:30 a.m. ET. A 1.590 million annual is projected for starts in June up from May's 1.572 million rate. Analysts expect permits at 1.700 million in June compared to 1.683 million a month ago.</li>  <li>The Johnson Redbook Retail Sales Index for the latest week is scheduled for release at 8:55 a.m. ET.</li> </ul></p><p><blockquote><ul><li>6 月份房屋开工和许可数据将于美国东部时间上午 8:30 发布。预计 6 月份开工量为 159.0 万辆，高于 5 月份的 157.2 万辆。分析师预计 6 月份许可证数量为 170 万份，而一个月前为 168.3 万份。</li><li>最近一周的约翰逊红皮书零售销售指数定于美国东部时间上午 8:55 发布。</li></ul></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>Economic Data Scheduled For Tuesday<blockquote>定于周二公布的经济数据</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEconomic Data Scheduled For Tuesday<blockquote>定于周二公布的经济数据</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-07-20 16:32</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><ul>  <li>Data on housing starts and permits for June will be released at 8:30 a.m. ET. A 1.590 million annual is projected for starts in June up from May's 1.572 million rate. Analysts expect permits at 1.700 million in June compared to 1.683 million a month ago.</li>  <li>The Johnson Redbook Retail Sales Index for the latest week is scheduled for release at 8:55 a.m. ET.</li> </ul></p><p><blockquote><ul><li>6 月份房屋开工和许可数据将于美国东部时间上午 8:30 发布。预计 6 月份开工量为 159.0 万辆，高于 5 月份的 157.2 万辆。分析师预计 6 月份许可证数量为 170 万份，而一个月前为 168.3 万份。</li><li>最近一周的约翰逊红皮书零售销售指数定于美国东部时间上午 8:55 发布。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117620888","content_text":"Data on housing starts and permits for June will be released at 8:30 a.m. ET. A 1.590 million annual is projected for starts in June up from May's 1.572 million rate. Analysts expect permits at 1.700 million in June compared to 1.683 million a month ago.\nThe Johnson Redbook Retail Sales Index for the latest week is scheduled for release at 8:55 a.m. ET.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,"SPY":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}