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dearpat
dearpat
·
2021-09-03
Very nice!!
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dearpat
dearpat
·
2021-08-26
I like pins but I do struggle to see how it canbe super profitable hm [Doubt]
The Long, Arduous Road to Find Pinterest’s Ultimate Value
Pinterest is down 27% since it produced great earnings. Why?
The Long, Arduous Road to Find Pinterest’s Ultimate Value
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dearpat
dearpat
·
2021-08-20
She’s been saying it for a while~~!
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dearpat
dearpat
·
2021-08-19
Correction coming?
Stocks End the Day in an Ugly Way After Fed Minutes Show Taper Talk Is Serious
Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting. Th
Stocks End the Day in an Ugly Way After Fed Minutes Show Taper Talk Is Serious
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dearpat
dearpat
·
2021-08-13
I like Roku tho I’m not vested. Want to see more international movements first...
2 Stocks to Buy When the Next Market Crash Comes
Planning your actions ahead of market crashes makes following through easier.
2 Stocks to Buy When the Next Market Crash Comes
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dearpat
dearpat
·
2021-08-13
[Facepalm] cash is king?
Liquidity Is Evaporating Even Before Fed Taper Hits Markets
A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity r
Liquidity Is Evaporating Even Before Fed Taper Hits Markets
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dearpat
dearpat
·
2021-08-06
Looking forward to more positive sentiments [Great]
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dearpat
dearpat
·
2021-07-22
Mixed feelings[Serious]
Wednesday's Market Minute: The Stock Market Has Deeper Issues Than Delta
News flow has refocused on the virus lately as the Delta variant spreads around the world. Meanwhile
Wednesday's Market Minute: The Stock Market Has Deeper Issues Than Delta
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dearpat
dearpat
·
2021-07-12
Prob no, but there’s still growth for this company
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dearpat
dearpat
·
2021-06-29
“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech” leggo
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nice!!","listText":"Very nice!!","text":"Very nice!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/815208345","repostId":"2164829851","repostType":4,"isVote":1,"tweetType":1,"viewCount":1325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810861388,"gmtCreate":1629963306644,"gmtModify":1631888942539,"author":{"id":"3562124135078682","authorId":"3562124135078682","name":"dearpat","avatar":"https://static.tigerbbs.com/9072a048663c0910db6a2b1378b5b5a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562124135078682","authorIdStr":"3562124135078682"},"themes":[],"htmlText":"I like pins but I do struggle to see how it canbe super profitable hm [Doubt] ","listText":"I like pins but I do struggle to see how it canbe super profitable hm [Doubt] ","text":"I like pins but I do struggle to see how it canbe super profitable hm [Doubt]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/810861388","repostId":"1123956624","repostType":4,"repost":{"id":"1123956624","kind":"news","pubTimestamp":1629960843,"share":"https://ttm.financial/m/news/1123956624?lang=&edition=full","pubTime":"2021-08-26 14:54","market":"us","language":"en","title":"The Long, Arduous Road to Find Pinterest’s Ultimate Value","url":"https://stock-news.laohu8.com/highlight/detail?id=1123956624","media":"InvestorPlace","summary":"Pinterest is down 27% since it produced great earnings. Why?","content":"<p><b>Pinterest</b>(NYSE:<b><u>PINS</u></b>) has been falling since its earnings release last month. Investors are rightly asking what is the ultimate value of PINS stock?</p>\n<p>On the surface, the June quarter earnings were great. Revenue was up 125% from a year ago, at $613 million. The shopping site even made money, $69 million, 10 cents/share fully diluted. Management expects 40% year-over-year revenue growth in the current quarter. Brand advertisements won’t resume until October.</p>\n<p>Why are shares down 27% since those earnings came out? The glib answer is that Pinterest missed on user growth, which was just 9%. That means 454 million people used the site at least once each month.Analysts had expected 482 million.</p>\n<p>But that’s not why I’m avoiding it.</p>\n<p><b>Fundamental Value</b></p>\n<p>The days when investors would fall for internet buzzwords that make you swoon, like e-commerce, are over. Internet brands like <b>Casper Sleep</b>(NYSE:<b><u>CSPR</u></b>) mattresses have opened stores. Stores like <b>Target</b>(NYSE:<b><u>TGT</u></b>) have mastered online selling.</p>\n<p>Investors are being asked to justify a PINS stock market cap of $35 billion when the company may do $2.25 billion in sales this year. A lot of that revenue can hit the net income line, because Pinterest isn’t holding its own stock. In this stellar second quarter print, 11% of revenue flowed to the bottom line.</p>\n<p>Then there’s the question of growth. The June quarter of 2021 is being compared with the same period in 2020. That was the heart of the pandemic. Growth is already slowing, as the company admits.</p>\n<p>Pinterest isn’t a general interest shopping site. It’s a niche site. It’s meant to inspire buying, to create a sense of serendipity. It has miles of virtual aisles that people browse at their leisure. Remember, 454 million users generated $613 million in sales. That’s $1.35 per head. There’s a magician’s trick based on $1.35. It costs $50.</p>\n<p>Pinterest is trying to goose future numbers with searches based on hair textures. It has launched tools aimed at helping creators monetize their content. The first shows just how niche Pinterest is. The latter sounds great, but other platforms have been doing it for some time.</p>\n<p><b>The Bull Argument for PINS Stock</b></p>\n<p>The bull argument, which many <i>InvestorPlace</i> writers share, is that investors over-reacted to the June engagement numbers.Buy the dip, we’re being told. The fundamentals are great, and Pinterest has only begun to monetize its user base.</p>\n<p>Maybe. Put a pin in that for a moment. Maybe this really is the digital platform of tomorrow. Maybe, by tying itself to creators and <b>Shopify</b>(NYSE:<b><u>SHOP</u></b>), Pinterest has only begun to fight for consumer dollars. Maybe what goes down must come up.</p>\n<p>But what is PINS stock’s real potential? When it came public in 2019,eight out of 10 U.S. moms were already on the platform. Yes, it’s a big world out there. As the second quarter report shows, international growth is faster now than domestic. But revenue per international user is just 36 cents.</p>\n<p><b>The Bottom Line</b></p>\n<p>How big can PINS stock get? What is the market for serendipity?</p>\n<p>Those are the questions investors should ask about Pinterest. Is it 16 times revenue? Is it 204 times earnings? Even fast growth carries a maximum price. Even <b>Amazon</b> (NASDAQ:<b><u>AMZN</u></b>) is down on the year.</p>\n<p>An e-commerce site can no longer be evaluated in isolation. We can no longer assume that if something is growing this fast today that this will continue. Pinterest’s user base is down from its pandemic high. As the world opens, Pinterest must compete with the world.</p>\n<p>My view is that the current price of Pinterest stock is speculative. It assumes growth that may not come. It assumes enormous growth. I believe Pinterest will keep growing. But I also believe its ultimate value is still below its stock price.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Long, Arduous Road to Find Pinterest’s Ultimate Value</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nThe Long, Arduous Road to Find Pinterest’s Ultimate Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-26 14:54 GMT+8 <a href=https://investorplace.com/2021/08/pins-stock-the-long-arduous-road-to-find-pinterests-ultimate-value/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pinterest(NYSE:PINS) has been falling since its earnings release last month. Investors are rightly asking what is the ultimate value of PINS stock?\nOn the surface, the June quarter earnings were great...</p>\n\n<a href=\"https://investorplace.com/2021/08/pins-stock-the-long-arduous-road-to-find-pinterests-ultimate-value/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PINS":"Pinterest, Inc."},"source_url":"https://investorplace.com/2021/08/pins-stock-the-long-arduous-road-to-find-pinterests-ultimate-value/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123956624","content_text":"Pinterest(NYSE:PINS) has been falling since its earnings release last month. Investors are rightly asking what is the ultimate value of PINS stock?\nOn the surface, the June quarter earnings were great. Revenue was up 125% from a year ago, at $613 million. The shopping site even made money, $69 million, 10 cents/share fully diluted. Management expects 40% year-over-year revenue growth in the current quarter. Brand advertisements won’t resume until October.\nWhy are shares down 27% since those earnings came out? The glib answer is that Pinterest missed on user growth, which was just 9%. That means 454 million people used the site at least once each month.Analysts had expected 482 million.\nBut that’s not why I’m avoiding it.\nFundamental Value\nThe days when investors would fall for internet buzzwords that make you swoon, like e-commerce, are over. Internet brands like Casper Sleep(NYSE:CSPR) mattresses have opened stores. Stores like Target(NYSE:TGT) have mastered online selling.\nInvestors are being asked to justify a PINS stock market cap of $35 billion when the company may do $2.25 billion in sales this year. A lot of that revenue can hit the net income line, because Pinterest isn’t holding its own stock. In this stellar second quarter print, 11% of revenue flowed to the bottom line.\nThen there’s the question of growth. The June quarter of 2021 is being compared with the same period in 2020. That was the heart of the pandemic. Growth is already slowing, as the company admits.\nPinterest isn’t a general interest shopping site. It’s a niche site. It’s meant to inspire buying, to create a sense of serendipity. It has miles of virtual aisles that people browse at their leisure. Remember, 454 million users generated $613 million in sales. That’s $1.35 per head. There’s a magician’s trick based on $1.35. It costs $50.\nPinterest is trying to goose future numbers with searches based on hair textures. It has launched tools aimed at helping creators monetize their content. The first shows just how niche Pinterest is. The latter sounds great, but other platforms have been doing it for some time.\nThe Bull Argument for PINS Stock\nThe bull argument, which many InvestorPlace writers share, is that investors over-reacted to the June engagement numbers.Buy the dip, we’re being told. The fundamentals are great, and Pinterest has only begun to monetize its user base.\nMaybe. Put a pin in that for a moment. Maybe this really is the digital platform of tomorrow. Maybe, by tying itself to creators and Shopify(NYSE:SHOP), Pinterest has only begun to fight for consumer dollars. Maybe what goes down must come up.\nBut what is PINS stock’s real potential? When it came public in 2019,eight out of 10 U.S. moms were already on the platform. Yes, it’s a big world out there. As the second quarter report shows, international growth is faster now than domestic. But revenue per international user is just 36 cents.\nThe Bottom Line\nHow big can PINS stock get? What is the market for serendipity?\nThose are the questions investors should ask about Pinterest. Is it 16 times revenue? Is it 204 times earnings? Even fast growth carries a maximum price. Even Amazon (NASDAQ:AMZN) is down on the year.\nAn e-commerce site can no longer be evaluated in isolation. We can no longer assume that if something is growing this fast today that this will continue. Pinterest’s user base is down from its pandemic high. As the world opens, Pinterest must compete with the world.\nMy view is that the current price of Pinterest stock is speculative. It assumes growth that may not come. It assumes enormous growth. I believe Pinterest will keep growing. But I also believe its ultimate value is still below its stock price.","news_type":1,"symbols_score_info":{"PINS":0.9}},"isVote":1,"tweetType":1,"viewCount":1839,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838798957,"gmtCreate":1629427600979,"gmtModify":1631888942554,"author":{"id":"3562124135078682","authorId":"3562124135078682","name":"dearpat","avatar":"https://static.tigerbbs.com/9072a048663c0910db6a2b1378b5b5a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562124135078682","authorIdStr":"3562124135078682"},"themes":[],"htmlText":"She’s been saying it for a while~~!","listText":"She’s been saying it for a while~~!","text":"She’s been saying it for a while~~!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/838798957","repostId":"1142628474","repostType":4,"isVote":1,"tweetType":1,"viewCount":1448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831500860,"gmtCreate":1629332766150,"gmtModify":1631888942566,"author":{"id":"3562124135078682","authorId":"3562124135078682","name":"dearpat","avatar":"https://static.tigerbbs.com/9072a048663c0910db6a2b1378b5b5a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562124135078682","authorIdStr":"3562124135078682"},"themes":[],"htmlText":"Correction coming? ","listText":"Correction coming? ","text":"Correction coming?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/831500860","repostId":"1173912409","repostType":4,"repost":{"id":"1173912409","kind":"news","pubTimestamp":1629328047,"share":"https://ttm.financial/m/news/1173912409?lang=&edition=full","pubTime":"2021-08-19 07:07","market":"us","language":"en","title":"Stocks End the Day in an Ugly Way After Fed Minutes Show Taper Talk Is Serious","url":"https://stock-news.laohu8.com/highlight/detail?id=1173912409","media":"Barrons","summary":"Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting.\nTh","content":"<p>Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting.</p>\n<p>The Dow Jones Industrial Average dropped 383 points, or 1.1%, while the S&P 500 fell 1.1%. The Nasdaq Composite declined 0.9%. All three finished near their lows of the day.</p>\n<p>Fed governors have been dropping hints in recent weeks that the beginning of the end of the central bank’s bond buying was nearing, and the minutes confirmed that taperingis at hand. “Most participants noted that …it could be appropriate to start reducing the pace of asset purchases this year,” the minutes read.</p>\n<p>The assessment comes as the economy has recovered quickly, and reflects that the Fed is now focused on when—and how quickly—to remove support from the economy.</p>\n<p>The selloff was broad. About 83% of S&P 500 stocks fell on the day, according to FactSet. This dynamics often reflects concern about how the market will perform without the Fed there to support it.</p>\n<p>Now, it’s just a question of when tapering will begin. It’ “is going to be September or December,” said Dave Wagner, portfolio manager and analyst at Aptus Capital Advisors. “Everyone is focusing on Jackson Hole in my opinion,” he continued, referring to the conclave of central bankers that occurs later this month in Jackson Hole, Wyo.</p>\n<p>Strangely, the bond market didn’t react all that much, with the 10-year Treasury yield closing at 1.27%, where it hovered for most of the day. The 2-year yield, which often moves higher when market participants see the Fed hiking short-term interest rates sooner, ended at 0.21%, lower than the 0.22% it hit in the morning.</p>\n<p>“I don’t think we’ve learned anything new,” said Tom Graff, head of fixed income at Brown Advisory. Graff added that the consensus for a short-term interest rate hikes in 2022 or 2023 hasn’t changed.</p>\n<p>A weak market, however, couldn’t keep some stocks down. For some, it was about earnings.Lowe’s (ticker: LOW) stock rose 9.6% after reporting a profit of $4.25 a share, beating estimates of $4.01 a share, on sales of $27.6 billion, above expectations for $26.9 billion.TJX (TJX) stock rose 6% after reporting a profit of 64 cents a share, beating estimates of 59 cents a share, on sales of $12.1 billion, above expectations for $11 billion.</p>\n<p>Others were buoyed by analyst upgrades, with ViacomCBS (VIAC) stock rose 3.7% after getting upgraded to Overweight from Equal Weight at Wells Fargo, and BlackBerry (BB) stock gained 4.2% after getting upgraded to Hold from Sell at Canaccord Genuity.</p>\n<p>Tilray (TLRY) stock rose 1.1% after the company bought senior secured convertible notes in marijuana company MedMen Enterprises. The notes would convert into an equity stake if cannabis is legalized in the U.S.</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>Stocks End the Day in an Ugly Way After Fed Minutes Show Taper Talk Is Serious</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nStocks End the Day in an Ugly Way After Fed Minutes Show Taper Talk Is Serious\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-19 07:07 GMT+8 <a href=https://www.barrons.com/articles/stock-market-today-51629283162?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting.\nThe Dow Jones Industrial Average dropped 383 points, or 1.1%, while the S&P 500 fell 1.1%. The Nasdaq ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-today-51629283162?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","LOW":"劳氏",".IXIC":"NASDAQ Composite","BB":"黑莓",".DJI":"道琼斯","TJX":"The TJX Companies Inc.","TLRY":"Tilray Inc."},"source_url":"https://www.barrons.com/articles/stock-market-today-51629283162?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173912409","content_text":"Stocks sold off Wednesday after the release of the minutes of the Federal Reserve’s July meeting.\nThe Dow Jones Industrial Average dropped 383 points, or 1.1%, while the S&P 500 fell 1.1%. The Nasdaq Composite declined 0.9%. All three finished near their lows of the day.\nFed governors have been dropping hints in recent weeks that the beginning of the end of the central bank’s bond buying was nearing, and the minutes confirmed that taperingis at hand. “Most participants noted that …it could be appropriate to start reducing the pace of asset purchases this year,” the minutes read.\nThe assessment comes as the economy has recovered quickly, and reflects that the Fed is now focused on when—and how quickly—to remove support from the economy.\nThe selloff was broad. About 83% of S&P 500 stocks fell on the day, according to FactSet. This dynamics often reflects concern about how the market will perform without the Fed there to support it.\nNow, it’s just a question of when tapering will begin. It’ “is going to be September or December,” said Dave Wagner, portfolio manager and analyst at Aptus Capital Advisors. “Everyone is focusing on Jackson Hole in my opinion,” he continued, referring to the conclave of central bankers that occurs later this month in Jackson Hole, Wyo.\nStrangely, the bond market didn’t react all that much, with the 10-year Treasury yield closing at 1.27%, where it hovered for most of the day. The 2-year yield, which often moves higher when market participants see the Fed hiking short-term interest rates sooner, ended at 0.21%, lower than the 0.22% it hit in the morning.\n“I don’t think we’ve learned anything new,” said Tom Graff, head of fixed income at Brown Advisory. Graff added that the consensus for a short-term interest rate hikes in 2022 or 2023 hasn’t changed.\nA weak market, however, couldn’t keep some stocks down. For some, it was about earnings.Lowe’s (ticker: LOW) stock rose 9.6% after reporting a profit of $4.25 a share, beating estimates of $4.01 a share, on sales of $27.6 billion, above expectations for $26.9 billion.TJX (TJX) stock rose 6% after reporting a profit of 64 cents a share, beating estimates of 59 cents a share, on sales of $12.1 billion, above expectations for $11 billion.\nOthers were buoyed by analyst upgrades, with ViacomCBS (VIAC) stock rose 3.7% after getting upgraded to Overweight from Equal Weight at Wells Fargo, and BlackBerry (BB) stock gained 4.2% after getting upgraded to Hold from Sell at Canaccord Genuity.\nTilray (TLRY) stock rose 1.1% after the company bought senior secured convertible notes in marijuana company MedMen Enterprises. The notes would convert into an equity stake if cannabis is legalized in the U.S.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"BB":0.9,"LOW":0.9,"TJX":0.9,"TLRY":0.9,"VIAC":0.9}},"isVote":1,"tweetType":1,"viewCount":921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894852786,"gmtCreate":1628818032445,"gmtModify":1631888942579,"author":{"id":"3562124135078682","authorId":"3562124135078682","name":"dearpat","avatar":"https://static.tigerbbs.com/9072a048663c0910db6a2b1378b5b5a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562124135078682","authorIdStr":"3562124135078682"},"themes":[],"htmlText":"I like Roku tho I’m not vested. Want to see more international movements first... ","listText":"I like Roku tho I’m not vested. Want to see more international movements first... ","text":"I like Roku tho I’m not vested. Want to see more international movements first...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894852786","repostId":"2158709252","repostType":4,"repost":{"id":"2158709252","kind":"highlight","pubTimestamp":1628772540,"share":"https://ttm.financial/m/news/2158709252?lang=&edition=full","pubTime":"2021-08-12 20:49","market":"us","language":"en","title":"2 Stocks to Buy When the Next Market Crash Comes","url":"https://stock-news.laohu8.com/highlight/detail?id=2158709252","media":"Motley Fool","summary":"Planning your actions ahead of market crashes makes following through easier.","content":"<p><b>Roku</b> (NASDAQ:ROKU) and <b>Chewy</b> (NYSE:CHWY) are two excellent companies growing revenue and customers rapidly. Investors have noticed, and their stock prices are up 289% and 154%, respectively, over the last three years.</p>\n<p>One way you can get into these stocks at better prices would be during a stock market crash. Admittedly, it can be difficult to be a buyer when you see the market selling off. That's why it pays to look into companies you are interested in buying and put them on your list so that you can be ready to make the buy when the event occurs.</p>\n<p>Here are a few features of each stock that make these two companies attractive investments in the long run.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4cf59b52c0f0427b4b325944820d668\" tg-width=\"700\" tg-height=\"436\" referrerpolicy=\"no-referrer\"><span>Data source: YCharts</span></p>\n<h2>1. Roku</h2>\n<p>Roku is benefiting from the long-run secular trend where consumers are switching from linear TV to streaming viewership. The rate of the shift may fluctuate but it's unlikely to change direction. According to Roku management, eventually, content will be 100% streaming. Indeed, here is what founder and CEO Anthony Wood said in its most recent conference call:</p>\n<blockquote>\n But I think the big picture for me is that we're still in the middle of this transition where viewers, advertisers, and the industry is moving 100% to streaming. We're just not there yet, but it's moving and it's happening. If you look, <a href=\"https://laohu8.com/S/AONE.U\">one</a> stat I think that's interesting from Nielsen is that if you look at 18 to 45-year-olds, 39% of their TV watching is streaming.\n</blockquote>\n<p>Roku has accumulated 55.1 million accounts, a 28% increase from the second quarter of last year. Undoubtedly, the pandemic helped accelerate customer acquisition. Folks were limited in entertainment options when ballparks, concerts, restaurants, and movie theaters were all shut down for most of the previous year.</p>\n<p>The company's operating system is reliable and fast. That's led many original equipment manufacturers to build TVs with Roku's operating system natively installed. Roku is the No. 1 TV operating system in the U.S. and Canada, and it's well on its way to international expansion.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a23631810a53cf2c4ddc7de5a5f41be\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<h2>2. Chewy</h2>\n<p>Chewy is an exclusively online pet retailer. The company boasts 19.8 million active customers, 31.8% more than it had last year. The pandemic caused millions of pet parents to look for new options to fulfill their pet's everyday needs. Some may never return to shopping in brick-and-mortar stores. One reason is that Chewy offers customers automatic delivery of their pet's food and medicine.</p>\n<p>Indeed, in its most recent quarter, 69.3% of overall sales were through automatic delivery, or what Chewy calls Autoship. It makes people's lives easier as it is one less thing they need to remember. Chewy even offers a small discount on orders placed through Autoship. The company is piggybacking off the long-run spending moving online from retail locations.</p>\n<p>Revenue is growing rapidly, and Chewy is doing it efficiently. Its gross profit margin expanded from 16.6% in 2016 to 25.5% in 2021.</p>\n<h2>Investor takeaway</h2>\n<p>Roku and Chewy are doing an excellent job capturing their respective markets and solving a problem for their customers. Streaming content costs less, and viewers get liberated from lengthy cable contracts. Chewy gives pet parents the peace of mind to know food and medicine can be delivered automatically.</p>\n<p>The one hesitation investors could have with these two companies is their relatively rich valuations. Putting these stocks on your watch list and waiting for a market correction to buy could minimize that hesitation.</p>","source":"fool_stock","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>2 Stocks to Buy When the Next Market Crash Comes</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n2 Stocks to Buy When the Next Market Crash Comes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 20:49 GMT+8 <a href=https://www.fool.com/investing/2021/08/12/2-stocks-to-buy-when-the-next-market-crash-comes/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Roku (NASDAQ:ROKU) and Chewy (NYSE:CHWY) are two excellent companies growing revenue and customers rapidly. Investors have noticed, and their stock prices are up 289% and 154%, respectively, over the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/12/2-stocks-to-buy-when-the-next-market-crash-comes/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc","CHWY":"Chewy, Inc."},"source_url":"https://www.fool.com/investing/2021/08/12/2-stocks-to-buy-when-the-next-market-crash-comes/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158709252","content_text":"Roku (NASDAQ:ROKU) and Chewy (NYSE:CHWY) are two excellent companies growing revenue and customers rapidly. Investors have noticed, and their stock prices are up 289% and 154%, respectively, over the last three years.\nOne way you can get into these stocks at better prices would be during a stock market crash. Admittedly, it can be difficult to be a buyer when you see the market selling off. That's why it pays to look into companies you are interested in buying and put them on your list so that you can be ready to make the buy when the event occurs.\nHere are a few features of each stock that make these two companies attractive investments in the long run.\nData source: YCharts\n1. Roku\nRoku is benefiting from the long-run secular trend where consumers are switching from linear TV to streaming viewership. The rate of the shift may fluctuate but it's unlikely to change direction. According to Roku management, eventually, content will be 100% streaming. Indeed, here is what founder and CEO Anthony Wood said in its most recent conference call:\n\n But I think the big picture for me is that we're still in the middle of this transition where viewers, advertisers, and the industry is moving 100% to streaming. We're just not there yet, but it's moving and it's happening. If you look, one stat I think that's interesting from Nielsen is that if you look at 18 to 45-year-olds, 39% of their TV watching is streaming.\n\nRoku has accumulated 55.1 million accounts, a 28% increase from the second quarter of last year. Undoubtedly, the pandemic helped accelerate customer acquisition. Folks were limited in entertainment options when ballparks, concerts, restaurants, and movie theaters were all shut down for most of the previous year.\nThe company's operating system is reliable and fast. That's led many original equipment manufacturers to build TVs with Roku's operating system natively installed. Roku is the No. 1 TV operating system in the U.S. and Canada, and it's well on its way to international expansion.\nImage source: Getty Images.\n2. Chewy\nChewy is an exclusively online pet retailer. The company boasts 19.8 million active customers, 31.8% more than it had last year. The pandemic caused millions of pet parents to look for new options to fulfill their pet's everyday needs. Some may never return to shopping in brick-and-mortar stores. One reason is that Chewy offers customers automatic delivery of their pet's food and medicine.\nIndeed, in its most recent quarter, 69.3% of overall sales were through automatic delivery, or what Chewy calls Autoship. It makes people's lives easier as it is one less thing they need to remember. Chewy even offers a small discount on orders placed through Autoship. The company is piggybacking off the long-run spending moving online from retail locations.\nRevenue is growing rapidly, and Chewy is doing it efficiently. Its gross profit margin expanded from 16.6% in 2016 to 25.5% in 2021.\nInvestor takeaway\nRoku and Chewy are doing an excellent job capturing their respective markets and solving a problem for their customers. Streaming content costs less, and viewers get liberated from lengthy cable contracts. Chewy gives pet parents the peace of mind to know food and medicine can be delivered automatically.\nThe one hesitation investors could have with these two companies is their relatively rich valuations. Putting these stocks on your watch list and waiting for a market correction to buy could minimize that hesitation.","news_type":1,"symbols_score_info":{"CHWY":0.9,"ROKU":0.9}},"isVote":1,"tweetType":1,"viewCount":3586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894856979,"gmtCreate":1628817941491,"gmtModify":1631888942593,"author":{"id":"3562124135078682","authorId":"3562124135078682","name":"dearpat","avatar":"https://static.tigerbbs.com/9072a048663c0910db6a2b1378b5b5a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562124135078682","authorIdStr":"3562124135078682"},"themes":[],"htmlText":"[Facepalm] cash is king? ","listText":"[Facepalm] cash is king? ","text":"[Facepalm] cash is king?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/894856979","repostId":"1162909242","repostType":4,"repost":{"id":"1162909242","kind":"news","pubTimestamp":1628779877,"share":"https://ttm.financial/m/news/1162909242?lang=&edition=full","pubTime":"2021-08-12 22:51","market":"us","language":"en","title":"Liquidity Is Evaporating Even Before Fed Taper Hits Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909242","media":"Bloomberg","summary":"A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity r","content":"<p>A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity routs is flashing alarms even before the Federal Reserve embarks on its planned winding down of asset purchases.</p>\n<p>The signal is obscure, but has sent meaningful signs in the past. Roughly speaking, it’s the gap between the rates of growth in money supply and gross domestic product, an indicator known to eco-geeks as Marshallian K. It just turned negative for the first time since 2018, meaning GDP is rising faster than the government’s M2 account.</p>\n<p>The shortfall comes from an expanding economy that’s quickly depleting the nation’s available money. The deficit could become a problem for markets at a time when excess liquidity is seen as underpinning rallies in everything from Bitcoin to meme stocks.</p>\n<p>“Put another way, the recovering economy is now drinking from a punch bowl that the stock market once had all to itself,” Doug Ramsey, Leuthold Group’s chief investment officer, wrote in a note last week.</p>\n<p>How big a threat is this? While stocks kept rising during frequent negative Marshallian K readings in the 1990s, the pattern since the 2008 global financial crisis -- a period when the central bank was in what Ramsey calls a “perpetual crisis mode” -- begs for caution.</p>\n<p><img src=\"https://static.tigerbbs.com/29bd13488ad9f3e748da28092473f23e\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>The Marshallian K fell below zero in 2010, a year when the S&P 500 Index suffered a 16% correction. A similar dip in 2018 portended a selloff that almost killed that bull market.</p>\n<p>The Leuthold study is the latest attempt to handicap the market’s outlook from the perspective of liquidity. But not everyone is worried. Ed Yardeni, the president and founder of Yardeni Research Inc., says he prefers to plot not the growth rates but the absolute level of M2 against GDP to measure liquidity. Based on that, liquidity stood near a record high.</p>\n<p>“Some people start to freak out about the M2 growth rate,” he said in an interview on Bloomberg TV and Radio. “What they don’t really appreciate is M2 today is $5 trillion higher than it was before the pandemic. There is just a tremendous liquidity sitting there.”</p>\n<p>Others see limited impact from Fed tapering on the equity market. In June,researchfrom UBS Group AG showed that should the Fed turn off the spigot on its annual $1.4 trillion in quantitative-easing spending, the hit to the S&P 500 would be a paltry 3% decline in prices.</p>\n<p>In 2013, when the Fed’s announcement on a reduction in stimulus sparked ataper tantrumthat sent 10-year Treasury yields skyward, the S&P 500 pulled back almost 6% from its May peak that year. But stocks staged a full recovery within weeks and went on with a rally that eventually lifted the index 30% for the whole year.</p>\n<p>Skeptics, however, are quick to point out one big difference: equity valuations.</p>\n<p>“Back then, the stock market was trading at 15 times earnings. Now it’s 22 times earnings,” Matt Maley, chief market strategist for Miller Tabak + Co., said in an interview on Bloomberg TV with Caroline Hyde. “It will be hard for the market to ignore it this time around.”</p>\n<p><img src=\"https://static.tigerbbs.com/37c0e312361e509a3fc0e8bfb3d9c649\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>For now, a liquidity drain suggested by the Marshallian K data has done little damage to the market, at least on the index level. The S&P 500 is poised for a seventh straight monthly gain, reaching all-time highs almost every week.</p>\n<p>But Ramsey warns investors shouldn’t let their guard down. While the broad market has been strong -- the S&P 500 closed Wednesday at a record for the 46th time this year -- fewer stocks are participating in the latest leg up. This could be blamed on falling liquidity, he says, and the days of abundant cash floating all stocks are likely gone.</p>\n<p>The Marshallian K indicator just slumped intonegative territoryfaster than ever. During the second quarter, M2 money expanded 12.7% from a year ago, trailing the nominal GDP growth rate of 16.7%. That came after four quarters of excessive liquidity where the spread stayed above 20 percentage points.</p>\n<p>“The Marshallian K now shows liquidity not only deteriorating but actually contracting -- and at a time when hopes (as embedded in valuations) have never been higher,” Ramsey said. “If the Fed can drawdown QE in the next year without triggering a decline of those levels, it will truly have achieved something remarkable. But we’d rather invest based on the probable.”</p>","source":"lsy1584095487587","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>Liquidity Is Evaporating Even Before Fed Taper Hits Markets</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nLiquidity Is Evaporating Even Before Fed Taper Hits Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 22:51 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-08-11/liquidity-is-evaporating-even-before-the-fed-taper-hits-markets><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity routs is flashing alarms even before the Federal Reserve embarks on its planned winding down of asset...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-11/liquidity-is-evaporating-even-before-the-fed-taper-hits-markets\">Web Link</a>\n\n</div>\n\n\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://www.bloomberg.com/news/articles/2021-08-11/liquidity-is-evaporating-even-before-the-fed-taper-hits-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909242","content_text":"A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity routs is flashing alarms even before the Federal Reserve embarks on its planned winding down of asset purchases.\nThe signal is obscure, but has sent meaningful signs in the past. Roughly speaking, it’s the gap between the rates of growth in money supply and gross domestic product, an indicator known to eco-geeks as Marshallian K. It just turned negative for the first time since 2018, meaning GDP is rising faster than the government’s M2 account.\nThe shortfall comes from an expanding economy that’s quickly depleting the nation’s available money. The deficit could become a problem for markets at a time when excess liquidity is seen as underpinning rallies in everything from Bitcoin to meme stocks.\n“Put another way, the recovering economy is now drinking from a punch bowl that the stock market once had all to itself,” Doug Ramsey, Leuthold Group’s chief investment officer, wrote in a note last week.\nHow big a threat is this? While stocks kept rising during frequent negative Marshallian K readings in the 1990s, the pattern since the 2008 global financial crisis -- a period when the central bank was in what Ramsey calls a “perpetual crisis mode” -- begs for caution.\n\nThe Marshallian K fell below zero in 2010, a year when the S&P 500 Index suffered a 16% correction. A similar dip in 2018 portended a selloff that almost killed that bull market.\nThe Leuthold study is the latest attempt to handicap the market’s outlook from the perspective of liquidity. But not everyone is worried. Ed Yardeni, the president and founder of Yardeni Research Inc., says he prefers to plot not the growth rates but the absolute level of M2 against GDP to measure liquidity. Based on that, liquidity stood near a record high.\n“Some people start to freak out about the M2 growth rate,” he said in an interview on Bloomberg TV and Radio. “What they don’t really appreciate is M2 today is $5 trillion higher than it was before the pandemic. There is just a tremendous liquidity sitting there.”\nOthers see limited impact from Fed tapering on the equity market. In June,researchfrom UBS Group AG showed that should the Fed turn off the spigot on its annual $1.4 trillion in quantitative-easing spending, the hit to the S&P 500 would be a paltry 3% decline in prices.\nIn 2013, when the Fed’s announcement on a reduction in stimulus sparked ataper tantrumthat sent 10-year Treasury yields skyward, the S&P 500 pulled back almost 6% from its May peak that year. But stocks staged a full recovery within weeks and went on with a rally that eventually lifted the index 30% for the whole year.\nSkeptics, however, are quick to point out one big difference: equity valuations.\n“Back then, the stock market was trading at 15 times earnings. Now it’s 22 times earnings,” Matt Maley, chief market strategist for Miller Tabak + Co., said in an interview on Bloomberg TV with Caroline Hyde. “It will be hard for the market to ignore it this time around.”\n\nFor now, a liquidity drain suggested by the Marshallian K data has done little damage to the market, at least on the index level. The S&P 500 is poised for a seventh straight monthly gain, reaching all-time highs almost every week.\nBut Ramsey warns investors shouldn’t let their guard down. While the broad market has been strong -- the S&P 500 closed Wednesday at a record for the 46th time this year -- fewer stocks are participating in the latest leg up. This could be blamed on falling liquidity, he says, and the days of abundant cash floating all stocks are likely gone.\nThe Marshallian K indicator just slumped intonegative territoryfaster than ever. During the second quarter, M2 money expanded 12.7% from a year ago, trailing the nominal GDP growth rate of 16.7%. That came after four quarters of excessive liquidity where the spread stayed above 20 percentage points.\n“The Marshallian K now shows liquidity not only deteriorating but actually contracting -- and at a time when hopes (as embedded in valuations) have never been higher,” Ramsey said. “If the Fed can drawdown QE in the next year without triggering a decline of those levels, it will truly have achieved something remarkable. But we’d rather invest based on the probable.”","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1741,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899585253,"gmtCreate":1628206647572,"gmtModify":1631888942607,"author":{"id":"3562124135078682","authorId":"3562124135078682","name":"dearpat","avatar":"https://static.tigerbbs.com/9072a048663c0910db6a2b1378b5b5a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562124135078682","authorIdStr":"3562124135078682"},"themes":[],"htmlText":"Looking forward to more positive sentiments [Great] ","listText":"Looking forward to more positive sentiments [Great] ","text":"Looking forward to more positive sentiments [Great]","images":[{"img":"https://static.tigerbbs.com/ee69f79c0cb0bff112797f6b3233b7fb","width":"750","height":"2271"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/899585253","isVote":1,"tweetType":1,"viewCount":1104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":176534748,"gmtCreate":1626906475684,"gmtModify":1631888942618,"author":{"id":"3562124135078682","authorId":"3562124135078682","name":"dearpat","avatar":"https://static.tigerbbs.com/9072a048663c0910db6a2b1378b5b5a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562124135078682","authorIdStr":"3562124135078682"},"themes":[],"htmlText":"Mixed feelings[Serious] ","listText":"Mixed feelings[Serious] ","text":"Mixed feelings[Serious]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/176534748","repostId":"1148130964","repostType":4,"repost":{"id":"1148130964","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626878426,"share":"https://ttm.financial/m/news/1148130964?lang=&edition=full","pubTime":"2021-07-21 22:40","market":"us","language":"en","title":"Wednesday's Market Minute: The Stock Market Has Deeper Issues Than Delta","url":"https://stock-news.laohu8.com/highlight/detail?id=1148130964","media":"Benzinga","summary":"News flow has refocused on the virus lately as the Delta variant spreads around the world. Meanwhile","content":"<p>News flow has refocused on the virus lately as the Delta variant spreads around the world. Meanwhile, the broad stock market took a unilateral hit from last Thursday through Monday, with the S&P 500 dropping around 3.5% peak to trough. Naturally, many are quick to blame the virus.</p>\n<p>The more likely truth is that the fast-spreading COVID variant has been playing a role in the market for much of the past month. First, let’s remind ourselves that COVID has proven to be a net positive to the stock market. The S&P just had a great month, and it was led by some of the big tech and growth companies that were the hallmark of last year’s rally. The work-from-home ETF WFH surpassed the travel fund AWAY in year-to-date performance last month as reopening trades were obliterated. If it looks like a COVID rally and walks like a COVID rally…</p>\n<p>Of course, it’s never just one thing. At the same time as all that, Treasury yields dove, and the dollar took flight. One could argue those moves fit within a COVID paradigm, but the catalyst for these major regime changes are easily observable on the chart: June 15, the June FOMC, in which the Fed embraced a more hawkish tone than the market had gotten used to. Investors must not lose sight of this.</p>\n<p>The index-level breakout thanks to big tech is an important development, but we also know that the Nasdaq has been trading in lockstep with bonds for much of this year. That means bonds alone may be as good an explanation for the equity market strength of the past two months as anything. Moreover, Treasuries were proven to be the higher conviction trade, as bond prices continued to march upward the past week even as the Nasdaq and S&P ran out of gas.</p>\n<p>There’s been a lot of debate about what exactly the move in bonds means, but let’s make the assumption (not a bold one, in my opinion), that the yield curve flattening represents some combination of tighter Fed policy – due to inflation – and lower growth than was priced in pre-FOMC. Tighter policy and warmer inflation are forces that remove liquidity from the economy and the market. This is the most important issue because there are signs the market is already having trouble sustaining itself at record valuations.</p>\n<p>Breadth in the stock market has been deteriorating since February, with the number of companies making one-year highs steadily declining. Since then, the correlation between a stock’s earnings multiple and its performance is clear: the more expensive it is, the worse it’s done. The least-expensive quintile of companies in the Russell 3000 are up a median 20% since the February high in the Nasdaq, compared with a decline of 9.2% for the most-expensive stocks. In another realm, the highly speculative crypto market is in tatters.</p>\n<p>These things point to an unwind in speculative froth across asset classes since February. It’s probably not a coincidence that the annual change in M2 money supply also peaked in February. Stocks do not by definition have to be tied to that, but it’s reasonable to expect their relationship to be closer after a period of record trading and speculative activity due in no small part to an influx of cash into bank accounts. This will only get worse if the Fed tilts more hawkish.</p>\n<p>Bottom line: investors should be wary of over-committing to COVID investment themes that have already been priced into the market. More likely is a snap-back in the reflation trade or a broader liquidity-driven rollover in the market as a whole.</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>Wednesday's Market Minute: The Stock Market Has Deeper Issues Than Delta</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nWednesday's Market Minute: The Stock Market Has Deeper Issues Than Delta\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\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 </p>\n<p class=\"h-time\">2021-07-21 22:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>News flow has refocused on the virus lately as the Delta variant spreads around the world. Meanwhile, the broad stock market took a unilateral hit from last Thursday through Monday, with the S&P 500 dropping around 3.5% peak to trough. Naturally, many are quick to blame the virus.</p>\n<p>The more likely truth is that the fast-spreading COVID variant has been playing a role in the market for much of the past month. First, let’s remind ourselves that COVID has proven to be a net positive to the stock market. The S&P just had a great month, and it was led by some of the big tech and growth companies that were the hallmark of last year’s rally. The work-from-home ETF WFH surpassed the travel fund AWAY in year-to-date performance last month as reopening trades were obliterated. If it looks like a COVID rally and walks like a COVID rally…</p>\n<p>Of course, it’s never just one thing. At the same time as all that, Treasury yields dove, and the dollar took flight. One could argue those moves fit within a COVID paradigm, but the catalyst for these major regime changes are easily observable on the chart: June 15, the June FOMC, in which the Fed embraced a more hawkish tone than the market had gotten used to. Investors must not lose sight of this.</p>\n<p>The index-level breakout thanks to big tech is an important development, but we also know that the Nasdaq has been trading in lockstep with bonds for much of this year. That means bonds alone may be as good an explanation for the equity market strength of the past two months as anything. Moreover, Treasuries were proven to be the higher conviction trade, as bond prices continued to march upward the past week even as the Nasdaq and S&P ran out of gas.</p>\n<p>There’s been a lot of debate about what exactly the move in bonds means, but let’s make the assumption (not a bold one, in my opinion), that the yield curve flattening represents some combination of tighter Fed policy – due to inflation – and lower growth than was priced in pre-FOMC. Tighter policy and warmer inflation are forces that remove liquidity from the economy and the market. This is the most important issue because there are signs the market is already having trouble sustaining itself at record valuations.</p>\n<p>Breadth in the stock market has been deteriorating since February, with the number of companies making one-year highs steadily declining. Since then, the correlation between a stock’s earnings multiple and its performance is clear: the more expensive it is, the worse it’s done. The least-expensive quintile of companies in the Russell 3000 are up a median 20% since the February high in the Nasdaq, compared with a decline of 9.2% for the most-expensive stocks. In another realm, the highly speculative crypto market is in tatters.</p>\n<p>These things point to an unwind in speculative froth across asset classes since February. It’s probably not a coincidence that the annual change in M2 money supply also peaked in February. Stocks do not by definition have to be tied to that, but it’s reasonable to expect their relationship to be closer after a period of record trading and speculative activity due in no small part to an influx of cash into bank accounts. This will only get worse if the Fed tilts more hawkish.</p>\n<p>Bottom line: investors should be wary of over-committing to COVID investment themes that have already been priced into the market. More likely is a snap-back in the reflation trade or a broader liquidity-driven rollover in the market as a whole.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148130964","content_text":"News flow has refocused on the virus lately as the Delta variant spreads around the world. Meanwhile, the broad stock market took a unilateral hit from last Thursday through Monday, with the S&P 500 dropping around 3.5% peak to trough. Naturally, many are quick to blame the virus.\nThe more likely truth is that the fast-spreading COVID variant has been playing a role in the market for much of the past month. First, let’s remind ourselves that COVID has proven to be a net positive to the stock market. The S&P just had a great month, and it was led by some of the big tech and growth companies that were the hallmark of last year’s rally. The work-from-home ETF WFH surpassed the travel fund AWAY in year-to-date performance last month as reopening trades were obliterated. If it looks like a COVID rally and walks like a COVID rally…\nOf course, it’s never just one thing. At the same time as all that, Treasury yields dove, and the dollar took flight. One could argue those moves fit within a COVID paradigm, but the catalyst for these major regime changes are easily observable on the chart: June 15, the June FOMC, in which the Fed embraced a more hawkish tone than the market had gotten used to. Investors must not lose sight of this.\nThe index-level breakout thanks to big tech is an important development, but we also know that the Nasdaq has been trading in lockstep with bonds for much of this year. That means bonds alone may be as good an explanation for the equity market strength of the past two months as anything. Moreover, Treasuries were proven to be the higher conviction trade, as bond prices continued to march upward the past week even as the Nasdaq and S&P ran out of gas.\nThere’s been a lot of debate about what exactly the move in bonds means, but let’s make the assumption (not a bold one, in my opinion), that the yield curve flattening represents some combination of tighter Fed policy – due to inflation – and lower growth than was priced in pre-FOMC. Tighter policy and warmer inflation are forces that remove liquidity from the economy and the market. This is the most important issue because there are signs the market is already having trouble sustaining itself at record valuations.\nBreadth in the stock market has been deteriorating since February, with the number of companies making one-year highs steadily declining. Since then, the correlation between a stock’s earnings multiple and its performance is clear: the more expensive it is, the worse it’s done. The least-expensive quintile of companies in the Russell 3000 are up a median 20% since the February high in the Nasdaq, compared with a decline of 9.2% for the most-expensive stocks. In another realm, the highly speculative crypto market is in tatters.\nThese things point to an unwind in speculative froth across asset classes since February. It’s probably not a coincidence that the annual change in M2 money supply also peaked in February. Stocks do not by definition have to be tied to that, but it’s reasonable to expect their relationship to be closer after a period of record trading and speculative activity due in no small part to an influx of cash into bank accounts. This will only get worse if the Fed tilts more hawkish.\nBottom line: investors should be wary of over-committing to COVID investment themes that have already been priced into the market. More likely is a snap-back in the reflation trade or a broader liquidity-driven rollover in the market as a whole.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146086060,"gmtCreate":1626044421550,"gmtModify":1631888942635,"author":{"id":"3562124135078682","authorId":"3562124135078682","name":"dearpat","avatar":"https://static.tigerbbs.com/9072a048663c0910db6a2b1378b5b5a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562124135078682","authorIdStr":"3562124135078682"},"themes":[],"htmlText":"Prob no, but there’s still growth for this company","listText":"Prob no, but there’s still growth for this company","text":"Prob no, but there’s still growth for this company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/146086060","repostId":"2150463301","repostType":4,"isVote":1,"tweetType":1,"viewCount":1223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150434294,"gmtCreate":1624924255718,"gmtModify":1631892018488,"author":{"id":"3562124135078682","authorId":"3562124135078682","name":"dearpat","avatar":"https://static.tigerbbs.com/9072a048663c0910db6a2b1378b5b5a7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562124135078682","authorIdStr":"3562124135078682"},"themes":[],"htmlText":"“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech” leggo","listText":"“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech” leggo","text":"“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech” leggo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/150434294","repostId":"2147837316","repostType":4,"isVote":1,"tweetType":1,"viewCount":1390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":false}