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GaryGui
GaryGui
·
2021-06-18
Ya
Orphazyme shares tumbled more than 60% in pre-market trading<blockquote>Orphazyme股价在盘前交易中暴跌超过60%</blockquote>
Orphazyme shares tumbled more than 60% in pre-market trading. Orphazyme slashed its financial foreca
Orphazyme shares tumbled more than 60% in pre-market trading<blockquote>Orphazyme股价在盘前交易中暴跌超过60%</blockquote>
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GaryGui
GaryGui
·
2021-06-18
Ok
Orphazyme shares tumbled more than 60% in pre-market trading<blockquote>Orphazyme股价在盘前交易中暴跌超过60%</blockquote>
Orphazyme shares tumbled more than 60% in pre-market trading. Orphazyme slashed its financial foreca
Orphazyme shares tumbled more than 60% in pre-market trading<blockquote>Orphazyme股价在盘前交易中暴跌超过60%</blockquote>
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GaryGui
GaryGui
·
2021-06-15
Ohs
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GaryGui
GaryGui
·
2021-06-14
Wha
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GaryGui
GaryGui
·
2021-03-18
Oh no
U.S. weekly jobless claims total 770,000, higher than estimate<blockquote>美国每周初请失业金人数总计77万人高于预估</blockquote>
(March 18) U.S. weekly jobless claims total 770,000, vs 700,000 estimate.U.S. new weekly jobless cla
U.S. weekly jobless claims total 770,000, higher than estimate<blockquote>美国每周初请失业金人数总计77万人高于预估</blockquote>
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GaryGui
GaryGui
·
2021-02-25
Hai yo
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GaryGui
GaryGui
·
2021-02-23
Dropping soon?
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GaryGui
GaryGui
·
2021-02-22
Will it go up?
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GaryGui
GaryGui
·
2021-02-22
Wha
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GaryGui
GaryGui
·
2021-02-22
Wga
Inflation is rising and so are investors’ fears about stocks<blockquote>通胀正在上升,投资者对股市的担忧也在上升</blockquote>
Stocks actually are an inflation hedge but the market doesn’t see it that way If inflation is a thre
Inflation is rising and so are investors’ fears about stocks<blockquote>通胀正在上升,投资者对股市的担忧也在上升</blockquote>
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financial forecasts on Friday after U.S. health regulators rejected its key drug candidate.</p><p><blockquote>在美国卫生监管机构拒绝其关键候选药物后,Orphazyme周五大幅下调了财务预测。</blockquote></p><p> Orphazyme said its application for FDA approval of arimoclomol, a treatment for genetic disorder Niemann-Pick disease type C, had not been successful.</p><p><blockquote>Orphazyme表示,其申请FDA批准arimoclomol(一种治疗遗传性疾病尼曼-皮克病C型的药物)的申请尚未成功。</blockquote></p><p> As a result, it predicted revenue for the year would be lower than previously expected and its operating loss significantly wider, forcing the company to cut costs.</p><p><blockquote>因此,该公司预计今年的收入将低于此前预期,运营亏损将大幅扩大,迫使该公司削减成本。</blockquote></p><p> \"Orphazyme has no money and no substantial projects ... 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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\">\nOrphazyme shares tumbled more than 60% in pre-market trading<blockquote>Orphazyme股价在盘前交易中暴跌超过60%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-18 16:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Orphazyme shares tumbled more than 60% in pre-market trading.</p><p><blockquote>Orphazyme股价在盘前交易中暴跌超过60%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b722b82c7d6ab2a6fcc7364eb2517b7f\" tg-width=\"1293\" tg-height=\"628\" referrerpolicy=\"no-referrer\">Orphazyme slashed its financial forecasts on Friday after U.S. health regulators rejected its key drug candidate.</p><p><blockquote>在美国卫生监管机构拒绝其关键候选药物后,Orphazyme周五大幅下调了财务预测。</blockquote></p><p> Orphazyme said its application for FDA approval of arimoclomol, a treatment for genetic disorder Niemann-Pick disease type C, had not been successful.</p><p><blockquote>Orphazyme表示,其申请FDA批准arimoclomol(一种治疗遗传性疾病尼曼-皮克病C型的药物)的申请尚未成功。</blockquote></p><p> As a result, it predicted revenue for the year would be lower than previously expected and its operating loss significantly wider, forcing the company to cut costs.</p><p><blockquote>因此,该公司预计今年的收入将低于此前预期,运营亏损将大幅扩大,迫使该公司削减成本。</blockquote></p><p> \"Orphazyme has no money and no substantial projects ... Investors have put their money into a completely unrealistic scenario driven by 'meme tendencies',\" broker Nordnet wrote in a note to clients.</p><p><blockquote>经纪商Nordnet在给客户的一份报告中写道:“Orphazyme没有钱,也没有实质性的项目……投资者将资金投入到‘模因倾向’驱动的完全不切实际的场景中。”</blockquote></p><p> Orphazyme, which is listed in Copenhagen and New York, now expects an operating loss of 670-700 million crowns ($107-$112 million) in 2021, against a previous forecast for a loss of 100-150 million crowns.</p><p><blockquote>在哥本哈根和纽约上市的Orphazyme目前预计2021年的运营亏损为6.70-7亿克朗(107-1.12亿美元),而此前的预测为亏损100-1.5亿克朗。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142916683","content_text":"Orphazyme shares tumbled more than 60% in pre-market trading.\nOrphazyme slashed its financial forecasts on Friday after U.S. health regulators rejected its key drug candidate.\nOrphazyme said its application for FDA approval of arimoclomol, a treatment for genetic disorder Niemann-Pick disease type C, had not been successful.\nAs a result, it predicted revenue for the year would be lower than previously expected and its operating loss significantly wider, forcing the company to cut costs.\n\"Orphazyme has no money and no substantial projects ... Investors have put their money into a completely unrealistic scenario driven by 'meme tendencies',\" broker Nordnet wrote in a note to clients.\nOrphazyme, which is listed in Copenhagen and New York, now expects an operating loss of 670-700 million crowns ($107-$112 million) in 2021, against a previous forecast for a loss of 100-150 million crowns.","news_type":1,"symbols_score_info":{"ORPH":0.9}},"isVote":1,"tweetType":1,"viewCount":1393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166840365,"gmtCreate":1624003801057,"gmtModify":1631890851634,"author":{"id":"3572125033182972","authorId":"3572125033182972","name":"GaryGui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572125033182972","authorIdStr":"3572125033182972"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/166840365","repostId":"1142916683","repostType":4,"repost":{"id":"1142916683","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624003342,"share":"https://www.laohu8.com/m/news/1142916683?lang=zh_CN&edition=full","pubTime":"2021-06-18 16:02","market":"us","language":"en","title":"Orphazyme shares tumbled more than 60% in pre-market trading<blockquote>Orphazyme股价在盘前交易中暴跌超过60%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1142916683","media":"Tiger Newspress","summary":"Orphazyme shares tumbled more than 60% in pre-market trading.\nOrphazyme slashed its financial foreca","content":"<p>Orphazyme shares tumbled more than 60% in pre-market trading.</p><p><blockquote>Orphazyme股价在盘前交易中暴跌超过60%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b722b82c7d6ab2a6fcc7364eb2517b7f\" tg-width=\"1293\" tg-height=\"628\" referrerpolicy=\"no-referrer\">Orphazyme slashed its financial forecasts on Friday after U.S. health regulators rejected its key drug candidate.</p><p><blockquote>在美国卫生监管机构拒绝其关键候选药物后,Orphazyme周五大幅下调了财务预测。</blockquote></p><p> Orphazyme said its application for FDA approval of arimoclomol, a treatment for genetic disorder Niemann-Pick disease type C, had not been successful.</p><p><blockquote>Orphazyme表示,其申请FDA批准arimoclomol(一种治疗遗传性疾病尼曼-皮克病C型的药物)的申请尚未成功。</blockquote></p><p> As a result, it predicted revenue for the year would be lower than previously expected and its operating loss significantly wider, forcing the company to cut costs.</p><p><blockquote>因此,该公司预计今年的收入将低于此前预期,运营亏损将大幅扩大,迫使该公司削减成本。</blockquote></p><p> \"Orphazyme has no money and no substantial projects ... Investors have put their money into a completely unrealistic scenario driven by 'meme tendencies',\" broker Nordnet wrote in a note to clients.</p><p><blockquote>经纪商Nordnet在给客户的一份报告中写道:“Orphazyme没有钱,也没有实质性的项目……投资者将资金投入到‘模因倾向’驱动的完全不切实际的场景中。”</blockquote></p><p> Orphazyme, which is listed in Copenhagen and New York, now expects an operating loss of 670-700 million crowns ($107-$112 million) in 2021, against a previous forecast for a loss of 100-150 million crowns.</p><p><blockquote>在哥本哈根和纽约上市的Orphazyme目前预计2021年的运营亏损为6.70-7亿克朗(107-1.12亿美元),而此前的预测为亏损100-1.5亿克朗。</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>Orphazyme shares tumbled more than 60% in pre-market trading<blockquote>Orphazyme股价在盘前交易中暴跌超过60%</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\">\nOrphazyme shares tumbled more than 60% in pre-market trading<blockquote>Orphazyme股价在盘前交易中暴跌超过60%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-18 16:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Orphazyme shares tumbled more than 60% in pre-market trading.</p><p><blockquote>Orphazyme股价在盘前交易中暴跌超过60%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b722b82c7d6ab2a6fcc7364eb2517b7f\" tg-width=\"1293\" tg-height=\"628\" referrerpolicy=\"no-referrer\">Orphazyme slashed its financial forecasts on Friday after U.S. health regulators rejected its key drug candidate.</p><p><blockquote>在美国卫生监管机构拒绝其关键候选药物后,Orphazyme周五大幅下调了财务预测。</blockquote></p><p> Orphazyme said its application for FDA approval of arimoclomol, a treatment for genetic disorder Niemann-Pick disease type C, had not been successful.</p><p><blockquote>Orphazyme表示,其申请FDA批准arimoclomol(一种治疗遗传性疾病尼曼-皮克病C型的药物)的申请尚未成功。</blockquote></p><p> As a result, it predicted revenue for the year would be lower than previously expected and its operating loss significantly wider, forcing the company to cut costs.</p><p><blockquote>因此,该公司预计今年的收入将低于此前预期,运营亏损将大幅扩大,迫使该公司削减成本。</blockquote></p><p> \"Orphazyme has no money and no substantial projects ... Investors have put their money into a completely unrealistic scenario driven by 'meme tendencies',\" broker Nordnet wrote in a note to clients.</p><p><blockquote>经纪商Nordnet在给客户的一份报告中写道:“Orphazyme没有钱,也没有实质性的项目……投资者将资金投入到‘模因倾向’驱动的完全不切实际的场景中。”</blockquote></p><p> Orphazyme, which is listed in Copenhagen and New York, now expects an operating loss of 670-700 million crowns ($107-$112 million) in 2021, against a previous forecast for a loss of 100-150 million crowns.</p><p><blockquote>在哥本哈根和纽约上市的Orphazyme目前预计2021年的运营亏损为6.70-7亿克朗(107-1.12亿美元),而此前的预测为亏损100-1.5亿克朗。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142916683","content_text":"Orphazyme shares tumbled more than 60% in pre-market trading.\nOrphazyme slashed its financial forecasts on Friday after U.S. health regulators rejected its key drug candidate.\nOrphazyme said its application for FDA approval of arimoclomol, a treatment for genetic disorder Niemann-Pick disease type C, had not been successful.\nAs a result, it predicted revenue for the year would be lower than previously expected and its operating loss significantly wider, forcing the company to cut costs.\n\"Orphazyme has no money and no substantial projects ... Investors have put their money into a completely unrealistic scenario driven by 'meme tendencies',\" broker Nordnet wrote in a note to clients.\nOrphazyme, which is listed in Copenhagen and New York, now expects an operating loss of 670-700 million crowns ($107-$112 million) in 2021, against a previous forecast for a loss of 100-150 million crowns.","news_type":1,"symbols_score_info":{"ORPH":0.9}},"isVote":1,"tweetType":1,"viewCount":2241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184502426,"gmtCreate":1623717731365,"gmtModify":1631890851646,"author":{"id":"3572125033182972","authorId":"3572125033182972","name":"GaryGui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572125033182972","authorIdStr":"3572125033182972"},"themes":[],"htmlText":"Ohs ","listText":"Ohs ","text":"Ohs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/184502426","repostId":"2143351287","repostType":4,"isVote":1,"tweetType":1,"viewCount":2035,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185795085,"gmtCreate":1623672147647,"gmtModify":1631890851661,"author":{"id":"3572125033182972","authorId":"3572125033182972","name":"GaryGui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572125033182972","authorIdStr":"3572125033182972"},"themes":[],"htmlText":"Wha","listText":"Wha","text":"Wha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185795085","repostId":"1146430910","repostType":4,"isVote":1,"tweetType":1,"viewCount":1564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327125149,"gmtCreate":1616072167481,"gmtModify":1631890851672,"author":{"id":"3572125033182972","authorId":"3572125033182972","name":"GaryGui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572125033182972","authorIdStr":"3572125033182972"},"themes":[],"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/327125149","repostId":"1178854094","repostType":4,"repost":{"id":"1178854094","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616070820,"share":"https://www.laohu8.com/m/news/1178854094?lang=zh_CN&edition=full","pubTime":"2021-03-18 20:33","market":"us","language":"en","title":"U.S. weekly jobless claims total 770,000, higher than estimate<blockquote>美国每周初请失业金人数总计77万人高于预估</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178854094","media":"Tiger Newspress","summary":"(March 18) U.S. weekly jobless claims total 770,000, vs 700,000 estimate.U.S. new weekly jobless cla","content":"<p>(March 18) U.S. weekly jobless claims total 770,000, vs 700,000 estimate.</p><p><blockquote>(3月18日)美国。每周申请失业救济人数总计77万人,而预期为70万人。</blockquote></p><p>U.S. new weekly jobless claims unexpectedly rose last week even amid a wave of abating social distancing restrictions and improving weather.</p><p><blockquote>即使在社交距离限制放松和天气改善的浪潮中,美国上周每周新申请失业救济人数仍意外上升。</blockquote></p><p>The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:</p><p><blockquote>美国劳工部于美国东部时间周四上午8:30发布了每周新申请失业救济人数报告。与彭博社编制的共识数据相比,以下是该报告的主要指标:</blockquote></p><p><ul><li><b>Initial jobless claims, week ended March 13:</b> 770,000 vs. 700,000 expected and an upwardly revised 725,000 during the prior week.</p><p><blockquote><ul><li><b>截至3月13日当周首次申请失业救济人数:</b>770,000人,而预期为700,000人,前一周向上修正为725,000人。</li></ul></blockquote></p><p></li><li><b>Continuing claims, week ended March 6:</b> 4.124 million vs. 4.034 million expected and 4.144 million during the prior week.</p><p><blockquote><li><b>截至3月6日当周的持续索赔:</b>4.12.4万,预期为403.4万,前一周为414.4万。</li></blockquote></p><p></li></ul>Though initial unemployment claims held below 800,000 for a fourth consecutive week, they unexpectedly rose by 45,000, whereas consensus economists had anticipated new claims to fall to a fresh pandemic-era low of 700,000. Initial jobless claims remain well above the Great Recession-era high of 665,000 from 2009. And new claims still need to fall significantly further to return to 2019 levels, when new claims averaged just over 200,000 per week.</p><p><blockquote>尽管首次申请失业救济人数连续第四周低于80万人,但意外增加了4.5万人,而经济学家普遍预计新申请失业救济人数将降至大流行时期的新低70万人。首次申请失业救济人数仍远高于2009年大衰退时期665,000人的高点。新申请失业救济人数仍需进一步大幅下降才能恢复到2019年的水平,当时平均每周新申请失业救济人数略高于20万人。</blockquote></p><p>Still, the generally downward trend in new jobless claims over the past several months has pointed to an economy on the upswing, even as temporary factors like harsh winter weather generated some noise in the recent data. Trends in new jobless claims are expected to improve further into the spring and summer as the vaccine rollout continues and COVID-19 case counts retreat further. Just last week, President Joe Biden announced that he would direct states to make all citizens eligible for vaccinations by May 1, rapidly expanding the potential for the country to achieve herd immunity in the near-term.</p><p><blockquote>尽管如此,过去几个月新申请失业救济人数的总体下降趋势表明经济正在上升,尽管恶劣的冬季天气等暂时因素在最近的数据中产生了一些噪音。随着疫苗的继续推广和新冠肺炎病例数的进一步下降,预计新申请失业救济人数的趋势将在春季和夏季进一步改善。就在上周,乔·拜登总统宣布,他将指示各州在5月1日之前让所有公民都有资格接种疫苗,迅速扩大了该国在短期内实现群体免疫的潜力。</blockquote></p><p>\"We expect jobless claims to continue to improve as the latest wave of the virus subsides and restrictions are lifted,\" Deutsche Bank economist Brett Ryan wrote in a note. \"These data take on added significance as they correspond to the survey period for March employment, where we expect to see a notable pick up in hiring.\"</p><p><blockquote>德意志银行经济学家布雷特·瑞安在一份报告中写道:“我们预计,随着最新一波病毒的消退和限制措施的取消,初请失业金人数将继续改善。”“这些数据具有额外的意义,因为它们与三月份就业调查期相对应,我们预计三月份招聘人数将显着增加。”</blockquote></p><p>While most states reported improvements in the number of new jobless claims last week, a handful of populous states posted notable increases. New weekly jobless claims rose by 21,000 in Texas on an unadjusted basis, while those in Illinois jumped by 17,000. Others saw new claims retreat after weeks of increases: Ohio,which has been contending with a recent stretch of fraud in claims filings, saw initial jobless claims fall by more than 14,000 last week.</p><p><blockquote>虽然大多数州报告上周新申请失业救济人数有所改善,但少数人口众多的州报告了显着增加。在未经调整的基础上,德克萨斯州每周新申请失业救济人数增加了21,000人,而伊利诺伊州则增加了17,000人。其他州的新申请失业救济人数在数周增加后有所下降:俄亥俄州最近一直在应对一系列申请欺诈行为,上周首次申请失业救济人数减少了14,000多人。</blockquote></p><p><img src=\"https://static.tigerbbs.com/52634d8723bf1df48dc33484c10fab5b\" tg-width=\"576\" tg-height=\"398\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Continuing claims, which measure the total number of Americans still receiving state unemployment benefits, showed a ninth straight week of declines. These improvements have come both as a result of rehirings, and as individuals unemployed for more than six months rolled off regular state programs and onto longer-term federal unemployment benefits.</p><p><blockquote>衡量仍在领取州失业救济金的美国人总数的持续申领失业救济金人数连续第九周下降。这些改善既是重新雇用的结果,也是失业超过六个月的个人退出常规州计划并享受长期联邦失业福利的结果。</blockquote></p><p>As of late February, more than 18 million Americans were still claiming benefits across all programs — a level that remains historically elevated, but down significantly from the more than30 million claimants reported justseven months earlier. The most recent data showed that more than 12 million Americans were on either Pandemic Unemployment Assistance (PUA) — the federal program offering benefits to gig workers and the self-employed who do not qualify for other programs — or Pandemic Emergency Unemployment Compensation (PEUC), which offers additional weeks of federal benefits to those who have exhausted their state benefits.</p><p><blockquote>截至2月底,仍有超过1800万美国人在所有项目中申请福利——这一水平仍处于历史高位,但比七个月前报告的超过3000万申请人数大幅下降。最新数据显示,超过1200万美国人要么享受疫情失业援助(PUA)——这是一项联邦计划,为没有资格享受其他计划的临时工和个体户提供福利——要么享受疫情紧急失业补偿(PEUC),为那些用完州福利的人提供额外几周的联邦福利。</blockquote></p><p>Both the PUA and PEUC were extended from mid-March until Sept. 6, based on the latest $1.9 trillion coronavirus relief package passed earlier this month.</p><p><blockquote>根据本月早些时候通过的最新1.9万亿美元冠状病毒救助计划,PUA和PEUC均从3月中旬延长至9月6日。</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>U.S. weekly jobless claims total 770,000, higher than estimate<blockquote>美国每周初请失业金人数总计77万人高于预估</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\">\nU.S. weekly jobless claims total 770,000, higher than estimate<blockquote>美国每周初请失业金人数总计77万人高于预估</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-18 20:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 18) U.S. weekly jobless claims total 770,000, vs 700,000 estimate.</p><p><blockquote>(3月18日)美国。每周申请失业救济人数总计77万人,而预期为70万人。</blockquote></p><p>U.S. new weekly jobless claims unexpectedly rose last week even amid a wave of abating social distancing restrictions and improving weather.</p><p><blockquote>即使在社交距离限制放松和天气改善的浪潮中,美国上周每周新申请失业救济人数仍意外上升。</blockquote></p><p>The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:</p><p><blockquote>美国劳工部于美国东部时间周四上午8:30发布了每周新申请失业救济人数报告。与彭博社编制的共识数据相比,以下是该报告的主要指标:</blockquote></p><p><ul><li><b>Initial jobless claims, week ended March 13:</b> 770,000 vs. 700,000 expected and an upwardly revised 725,000 during the prior week.</p><p><blockquote><ul><li><b>截至3月13日当周首次申请失业救济人数:</b>770,000人,而预期为700,000人,前一周向上修正为725,000人。</li></ul></blockquote></p><p></li><li><b>Continuing claims, week ended March 6:</b> 4.124 million vs. 4.034 million expected and 4.144 million during the prior week.</p><p><blockquote><li><b>截至3月6日当周的持续索赔:</b>4.12.4万,预期为403.4万,前一周为414.4万。</li></blockquote></p><p></li></ul>Though initial unemployment claims held below 800,000 for a fourth consecutive week, they unexpectedly rose by 45,000, whereas consensus economists had anticipated new claims to fall to a fresh pandemic-era low of 700,000. Initial jobless claims remain well above the Great Recession-era high of 665,000 from 2009. And new claims still need to fall significantly further to return to 2019 levels, when new claims averaged just over 200,000 per week.</p><p><blockquote>尽管首次申请失业救济人数连续第四周低于80万人,但意外增加了4.5万人,而经济学家普遍预计新申请失业救济人数将降至大流行时期的新低70万人。首次申请失业救济人数仍远高于2009年大衰退时期665,000人的高点。新申请失业救济人数仍需进一步大幅下降才能恢复到2019年的水平,当时平均每周新申请失业救济人数略高于20万人。</blockquote></p><p>Still, the generally downward trend in new jobless claims over the past several months has pointed to an economy on the upswing, even as temporary factors like harsh winter weather generated some noise in the recent data. Trends in new jobless claims are expected to improve further into the spring and summer as the vaccine rollout continues and COVID-19 case counts retreat further. Just last week, President Joe Biden announced that he would direct states to make all citizens eligible for vaccinations by May 1, rapidly expanding the potential for the country to achieve herd immunity in the near-term.</p><p><blockquote>尽管如此,过去几个月新申请失业救济人数的总体下降趋势表明经济正在上升,尽管恶劣的冬季天气等暂时因素在最近的数据中产生了一些噪音。随着疫苗的继续推广和新冠肺炎病例数的进一步下降,预计新申请失业救济人数的趋势将在春季和夏季进一步改善。就在上周,乔·拜登总统宣布,他将指示各州在5月1日之前让所有公民都有资格接种疫苗,迅速扩大了该国在短期内实现群体免疫的潜力。</blockquote></p><p>\"We expect jobless claims to continue to improve as the latest wave of the virus subsides and restrictions are lifted,\" Deutsche Bank economist Brett Ryan wrote in a note. \"These data take on added significance as they correspond to the survey period for March employment, where we expect to see a notable pick up in hiring.\"</p><p><blockquote>德意志银行经济学家布雷特·瑞安在一份报告中写道:“我们预计,随着最新一波病毒的消退和限制措施的取消,初请失业金人数将继续改善。”“这些数据具有额外的意义,因为它们与三月份就业调查期相对应,我们预计三月份招聘人数将显着增加。”</blockquote></p><p>While most states reported improvements in the number of new jobless claims last week, a handful of populous states posted notable increases. New weekly jobless claims rose by 21,000 in Texas on an unadjusted basis, while those in Illinois jumped by 17,000. Others saw new claims retreat after weeks of increases: Ohio,which has been contending with a recent stretch of fraud in claims filings, saw initial jobless claims fall by more than 14,000 last week.</p><p><blockquote>虽然大多数州报告上周新申请失业救济人数有所改善,但少数人口众多的州报告了显着增加。在未经调整的基础上,德克萨斯州每周新申请失业救济人数增加了21,000人,而伊利诺伊州则增加了17,000人。其他州的新申请失业救济人数在数周增加后有所下降:俄亥俄州最近一直在应对一系列申请欺诈行为,上周首次申请失业救济人数减少了14,000多人。</blockquote></p><p><img src=\"https://static.tigerbbs.com/52634d8723bf1df48dc33484c10fab5b\" tg-width=\"576\" tg-height=\"398\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Continuing claims, which measure the total number of Americans still receiving state unemployment benefits, showed a ninth straight week of declines. These improvements have come both as a result of rehirings, and as individuals unemployed for more than six months rolled off regular state programs and onto longer-term federal unemployment benefits.</p><p><blockquote>衡量仍在领取州失业救济金的美国人总数的持续申领失业救济金人数连续第九周下降。这些改善既是重新雇用的结果,也是失业超过六个月的个人退出常规州计划并享受长期联邦失业福利的结果。</blockquote></p><p>As of late February, more than 18 million Americans were still claiming benefits across all programs — a level that remains historically elevated, but down significantly from the more than30 million claimants reported justseven months earlier. The most recent data showed that more than 12 million Americans were on either Pandemic Unemployment Assistance (PUA) — the federal program offering benefits to gig workers and the self-employed who do not qualify for other programs — or Pandemic Emergency Unemployment Compensation (PEUC), which offers additional weeks of federal benefits to those who have exhausted their state benefits.</p><p><blockquote>截至2月底,仍有超过1800万美国人在所有项目中申请福利——这一水平仍处于历史高位,但比七个月前报告的超过3000万申请人数大幅下降。最新数据显示,超过1200万美国人要么享受疫情失业援助(PUA)——这是一项联邦计划,为没有资格享受其他计划的临时工和个体户提供福利——要么享受疫情紧急失业补偿(PEUC),为那些用完州福利的人提供额外几周的联邦福利。</blockquote></p><p>Both the PUA and PEUC were extended from mid-March until Sept. 6, based on the latest $1.9 trillion coronavirus relief package passed earlier this month.</p><p><blockquote>根据本月早些时候通过的最新1.9万亿美元冠状病毒救助计划,PUA和PEUC均从3月中旬延长至9月6日。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178854094","content_text":"(March 18) U.S. weekly jobless claims total 770,000, vs 700,000 estimate.U.S. new weekly jobless claims unexpectedly rose last week even amid a wave of abating social distancing restrictions and improving weather.The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:Initial jobless claims, week ended March 13: 770,000 vs. 700,000 expected and an upwardly revised 725,000 during the prior week.Continuing claims, week ended March 6: 4.124 million vs. 4.034 million expected and 4.144 million during the prior week.Though initial unemployment claims held below 800,000 for a fourth consecutive week, they unexpectedly rose by 45,000, whereas consensus economists had anticipated new claims to fall to a fresh pandemic-era low of 700,000. Initial jobless claims remain well above the Great Recession-era high of 665,000 from 2009. And new claims still need to fall significantly further to return to 2019 levels, when new claims averaged just over 200,000 per week.Still, the generally downward trend in new jobless claims over the past several months has pointed to an economy on the upswing, even as temporary factors like harsh winter weather generated some noise in the recent data. Trends in new jobless claims are expected to improve further into the spring and summer as the vaccine rollout continues and COVID-19 case counts retreat further. Just last week, President Joe Biden announced that he would direct states to make all citizens eligible for vaccinations by May 1, rapidly expanding the potential for the country to achieve herd immunity in the near-term.\"We expect jobless claims to continue to improve as the latest wave of the virus subsides and restrictions are lifted,\" Deutsche Bank economist Brett Ryan wrote in a note. \"These data take on added significance as they correspond to the survey period for March employment, where we expect to see a notable pick up in hiring.\"While most states reported improvements in the number of new jobless claims last week, a handful of populous states posted notable increases. New weekly jobless claims rose by 21,000 in Texas on an unadjusted basis, while those in Illinois jumped by 17,000. Others saw new claims retreat after weeks of increases: Ohio,which has been contending with a recent stretch of fraud in claims filings, saw initial jobless claims fall by more than 14,000 last week.Continuing claims, which measure the total number of Americans still receiving state unemployment benefits, showed a ninth straight week of declines. These improvements have come both as a result of rehirings, and as individuals unemployed for more than six months rolled off regular state programs and onto longer-term federal unemployment benefits.As of late February, more than 18 million Americans were still claiming benefits across all programs — a level that remains historically elevated, but down significantly from the more than30 million claimants reported justseven months earlier. The most recent data showed that more than 12 million Americans were on either Pandemic Unemployment Assistance (PUA) — the federal program offering benefits to gig workers and the self-employed who do not qualify for other programs — or Pandemic Emergency Unemployment Compensation (PEUC), which offers additional weeks of federal benefits to those who have exhausted their state benefits.Both the PUA and PEUC were extended from mid-March until Sept. 6, based on the latest $1.9 trillion coronavirus relief package passed earlier this month.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361629191,"gmtCreate":1614230140413,"gmtModify":1631890851686,"author":{"id":"3572125033182972","authorId":"3572125033182972","name":"GaryGui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572125033182972","authorIdStr":"3572125033182972"},"themes":[],"htmlText":"Hai yo","listText":"Hai yo","text":"Hai yo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/361629191","repostId":"2114313681","repostType":4,"isVote":1,"tweetType":1,"viewCount":1944,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369699176,"gmtCreate":1614037069195,"gmtModify":1631890851695,"author":{"id":"3572125033182972","authorId":"3572125033182972","name":"GaryGui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572125033182972","authorIdStr":"3572125033182972"},"themes":[],"htmlText":"Dropping soon?","listText":"Dropping soon?","text":"Dropping soon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/369699176","repostId":"1100241886","repostType":4,"isVote":1,"tweetType":1,"viewCount":2037,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360459366,"gmtCreate":1613968448855,"gmtModify":1631890851706,"author":{"id":"3572125033182972","authorId":"3572125033182972","name":"GaryGui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572125033182972","authorIdStr":"3572125033182972"},"themes":[],"htmlText":"Will it go up? ","listText":"Will it go up? ","text":"Will it go up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/360459366","repostId":"1174514335","repostType":4,"isVote":1,"tweetType":1,"viewCount":1825,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360484811,"gmtCreate":1613965919033,"gmtModify":1631890851718,"author":{"id":"3572125033182972","authorId":"3572125033182972","name":"GaryGui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572125033182972","authorIdStr":"3572125033182972"},"themes":[],"htmlText":"Wha","listText":"Wha","text":"Wha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/360484811","repostId":"1176686506","repostType":4,"isVote":1,"tweetType":1,"viewCount":1660,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360485606,"gmtCreate":1613965801905,"gmtModify":1631890851737,"author":{"id":"3572125033182972","authorId":"3572125033182972","name":"GaryGui","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572125033182972","authorIdStr":"3572125033182972"},"themes":[],"htmlText":"Wga","listText":"Wga","text":"Wga","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/360485606","repostId":"1116222553","repostType":4,"repost":{"id":"1116222553","kind":"news","pubTimestamp":1613965197,"share":"https://www.laohu8.com/m/news/1116222553?lang=zh_CN&edition=full","pubTime":"2021-02-22 11:39","market":"us","language":"en","title":"Inflation is rising and so are investors’ fears about stocks<blockquote>通胀正在上升,投资者对股市的担忧也在上升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116222553","media":"MarketWatch","summary":"Stocks actually are an inflation hedge but the market doesn’t see it that way\nIf inflation is a thre","content":"<p>Stocks actually are an inflation hedge but the market doesn’t see it that way</p><p><blockquote>股票实际上是通胀对冲工具,但市场并不这么看</blockquote></p><p> If inflation is a threat to the stock market, we should be running scared. That’s because inflation expectations have spiked dramatically in recent weeks. The 10-year breakeven inflation rate — what the bond market currently is betting inflation will average over the next decade — is now higher than it’s been in five years.</p><p><blockquote>如果通货膨胀对股市构成威胁,我们应该感到害怕。这是因为最近几周通胀预期急剧飙升。10年期盈亏平衡通胀率(债券市场目前押注未来十年通胀的平均水平)现在高于五年来的水平。</blockquote></p><p> As you can see from the accompanying chart, expected 10-year inflation stood at just 0.50% last March; this past week it got as high as 2.24%.</p><p><blockquote>从附图中可以看出,去年3月10年期预期通胀率仅为0.50%;过去一周,这一比例高达2.24%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b2ad5e1de79b1bbf7b685125aa01437e\" tg-width=\"620\" tg-height=\"418\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In truth, inflation is not the threat to the stock market that most investors believe. If inflation continues to heat up in coming months and investors react by dumping stocks, you might want to consider it as a buying opportunity.</p><p><blockquote>事实上,通货膨胀并不像大多数投资者认为的那样对股市构成威胁。如果未来几个月通胀继续升温,投资者的反应是抛售股票,您可能需要将其视为买入机会。</blockquote></p><p> These are the conclusions I reached after interviewing Richard Warr, a finance professor at North Carolina State University. Warr co-authored a seminal 2002 study in the Journal of Financial and Quantitative Analysis which found that equities actually are a good long-term hedge against inflation. His co-author was University of Florida finance professor Jay Ritter.</p><p><blockquote>这些是我在采访了北卡罗来纳州立大学金融学教授理查德·沃尔后得出的结论。Warr于2002年在《金融与定量分析杂志》上与人合著了一项开创性的研究,该研究发现股票实际上是抵御通胀的良好长期对冲工具。他的合著者是佛罗里达大学金融学教授杰伊·里特。</blockquote></p><p> Warr explained that stocks are a hedge because inflation impacts equity valuations in two ways which largely offset each other:</p><p><blockquote>瓦尔解释说,股票是一种对冲工具,因为通货膨胀以两种方式影响股票估值,这两种方式在很大程度上相互抵消:</blockquote></p><p> <ol> <li>Higher inflation means that future nominal earnings must be discounted at a higher rate when calculating their present value.</li> <li>Corporations are able to charge more when inflation is higher. Because of this greater pricing power, their nominal earnings in future years will be higher than they would have been otherwise.</li> </ol> Notice the small net effect of these two factors: Nominal earnings will be higher but must be more heavily discounted. This isn’t just theory, by the way: Over the last 150 years, real (inflation-adjusted) growth rates for the S&P 500’sSPX,-0.19%earnings per share have remained relatively stable in the wake of changes in the inflation rate, while nominal EPS growth rates have tended to rise and fall in line with those changes.</p><p><blockquote><ol><li>更高的通货膨胀意味着未来的名义收益在计算现值时必须以更高的利率贴现。</li><li>当通货膨胀率较高时,企业可以收取更多费用。由于这种更大的定价权,他们未来几年的名义收入将高于其他情况下的收入。</li></ol>请注意这两个因素的净效应很小:名义收益会更高,但必须更大幅度地贴现。顺便说一句,这不仅仅是理论:在过去的150年里,随着通货膨胀率的变化,标普500 SPX的实际(通胀调整后)增长率-0.19%每股收益保持相对稳定,而名义每股收益增长率往往会随着这些变化而上升和下降。</blockquote></p><p> Investors typically focus on just the first of these two consequences of inflation, Warr said. That is, they (at least implicitly) realize that inflation reduces the value of future nominal earnings, but overlook that those nominal earnings will themselves be higher. This lopsided view is due to a trait that economists call “inflation illusion.”</p><p><blockquote>沃尔表示,投资者通常只关注通胀这两种后果中的第一种。也就是说,他们(至少含蓄地)意识到通货膨胀降低了未来名义收益的价值,但忽视了这些名义收益本身会更高。这种不平衡的观点是由于经济学家看涨期权的一个特征“通货膨胀幻觉”。</blockquote></p><p> This illusion works to be the benefit of stocks when inflation is declining. When that is the case, investors extrapolate into the future the artificially high nominal earnings growth of earlier higher-inflation periods. The result is unreasonably high valuations.</p><p><blockquote>当通胀下降时,这种错觉对股市有利。在这种情况下,投资者会将早期高通胀时期人为的高名义盈利增长推断到未来。结果就是估值过高。</blockquote></p><p> When inflation begins to rise, in contrast, investors make just the opposite mistake: They extrapolate into the future the lower earnings growth firms produced during the previously low-inflation period. This leads them to conclude that equity valuations must come down as inflation heats up.</p><p><blockquote>相比之下,当通胀开始上升时,投资者会犯相反的错误:他们将公司在之前的低通胀时期产生的较低盈利增长推断到未来。这让他们得出结论,随着通胀升温,股票估值必须下降。</blockquote></p><p> <b>Rational versus behavioral models of investor behavior</b></p><p><blockquote><b>投资者行为的理性模型与行为模型</b></blockquote></p><p> Notice that two distinct models of investor behavior are needed to explain the market’s reaction to higher inflation. The rational model shows that inflation should have little net impact on equity valuations, while the behavioral model predicts that investors will nevertheless behave irrationally.</p><p><blockquote>请注意,需要两种不同的投资者行为模型来解释市场对通胀上升的反应。理性模型表明,通货膨胀对股票估值的净影响应该很小,而行为模型预测投资者仍将表现非理性。</blockquote></p><p> Might investors have learned from their past irrationality, and therefore not dump stocks if inflation heats up even more in coming months? Warr said that, while anything is possible, he wouldn’t bet on it. “Most current investors have lived most of their lives in a low-inflation environment, so they have had no opportunity to learn the lessons that history teaches us about inflation and the stock market.”</p><p><blockquote>如果未来几个月通胀进一步升温,投资者是否已经从过去的非理性中吸取了教训,因此不会抛售股票?瓦尔说,虽然一切皆有可能,但他不会打赌。“目前的大多数投资者大半辈子都生活在低通胀环境中,因此他们没有机会吸取历史教给我们的有关通胀和股市的教训。”</blockquote></p><p> If Warr is right, then rational investors in coming months will have an opportunity to pick up stocks at lower valuations.</p><p><blockquote>如果沃尔是对的,那么未来几个月理性投资者将有机会以较低的估值买入股票。</blockquote></p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Inflation is rising and so are investors’ fears about stocks<blockquote>通胀正在上升,投资者对股市的担忧也在上升</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInflation is rising and so are investors’ fears about stocks<blockquote>通胀正在上升,投资者对股市的担忧也在上升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-02-22 11:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stocks actually are an inflation hedge but the market doesn’t see it that way</p><p><blockquote>股票实际上是通胀对冲工具,但市场并不这么看</blockquote></p><p> If inflation is a threat to the stock market, we should be running scared. That’s because inflation expectations have spiked dramatically in recent weeks. The 10-year breakeven inflation rate — what the bond market currently is betting inflation will average over the next decade — is now higher than it’s been in five years.</p><p><blockquote>如果通货膨胀对股市构成威胁,我们应该感到害怕。这是因为最近几周通胀预期急剧飙升。10年期盈亏平衡通胀率(债券市场目前押注未来十年通胀的平均水平)现在高于五年来的水平。</blockquote></p><p> As you can see from the accompanying chart, expected 10-year inflation stood at just 0.50% last March; this past week it got as high as 2.24%.</p><p><blockquote>从附图中可以看出,去年3月10年期预期通胀率仅为0.50%;过去一周,这一比例高达2.24%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b2ad5e1de79b1bbf7b685125aa01437e\" tg-width=\"620\" tg-height=\"418\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> In truth, inflation is not the threat to the stock market that most investors believe. If inflation continues to heat up in coming months and investors react by dumping stocks, you might want to consider it as a buying opportunity.</p><p><blockquote>事实上,通货膨胀并不像大多数投资者认为的那样对股市构成威胁。如果未来几个月通胀继续升温,投资者的反应是抛售股票,您可能需要将其视为买入机会。</blockquote></p><p> These are the conclusions I reached after interviewing Richard Warr, a finance professor at North Carolina State University. Warr co-authored a seminal 2002 study in the Journal of Financial and Quantitative Analysis which found that equities actually are a good long-term hedge against inflation. His co-author was University of Florida finance professor Jay Ritter.</p><p><blockquote>这些是我在采访了北卡罗来纳州立大学金融学教授理查德·沃尔后得出的结论。Warr于2002年在《金融与定量分析杂志》上与人合著了一项开创性的研究,该研究发现股票实际上是抵御通胀的良好长期对冲工具。他的合著者是佛罗里达大学金融学教授杰伊·里特。</blockquote></p><p> Warr explained that stocks are a hedge because inflation impacts equity valuations in two ways which largely offset each other:</p><p><blockquote>瓦尔解释说,股票是一种对冲工具,因为通货膨胀以两种方式影响股票估值,这两种方式在很大程度上相互抵消:</blockquote></p><p> <ol> <li>Higher inflation means that future nominal earnings must be discounted at a higher rate when calculating their present value.</li> <li>Corporations are able to charge more when inflation is higher. Because of this greater pricing power, their nominal earnings in future years will be higher than they would have been otherwise.</li> </ol> Notice the small net effect of these two factors: Nominal earnings will be higher but must be more heavily discounted. This isn’t just theory, by the way: Over the last 150 years, real (inflation-adjusted) growth rates for the S&P 500’sSPX,-0.19%earnings per share have remained relatively stable in the wake of changes in the inflation rate, while nominal EPS growth rates have tended to rise and fall in line with those changes.</p><p><blockquote><ol><li>更高的通货膨胀意味着未来的名义收益在计算现值时必须以更高的利率贴现。</li><li>当通货膨胀率较高时,企业可以收取更多费用。由于这种更大的定价权,他们未来几年的名义收入将高于其他情况下的收入。</li></ol>请注意这两个因素的净效应很小:名义收益会更高,但必须更大幅度地贴现。顺便说一句,这不仅仅是理论:在过去的150年里,随着通货膨胀率的变化,标普500 SPX的实际(通胀调整后)增长率-0.19%每股收益保持相对稳定,而名义每股收益增长率往往会随着这些变化而上升和下降。</blockquote></p><p> Investors typically focus on just the first of these two consequences of inflation, Warr said. That is, they (at least implicitly) realize that inflation reduces the value of future nominal earnings, but overlook that those nominal earnings will themselves be higher. This lopsided view is due to a trait that economists call “inflation illusion.”</p><p><blockquote>沃尔表示,投资者通常只关注通胀这两种后果中的第一种。也就是说,他们(至少含蓄地)意识到通货膨胀降低了未来名义收益的价值,但忽视了这些名义收益本身会更高。这种不平衡的观点是由于经济学家看涨期权的一个特征“通货膨胀幻觉”。</blockquote></p><p> This illusion works to be the benefit of stocks when inflation is declining. When that is the case, investors extrapolate into the future the artificially high nominal earnings growth of earlier higher-inflation periods. The result is unreasonably high valuations.</p><p><blockquote>当通胀下降时,这种错觉对股市有利。在这种情况下,投资者会将早期高通胀时期人为的高名义盈利增长推断到未来。结果就是估值过高。</blockquote></p><p> When inflation begins to rise, in contrast, investors make just the opposite mistake: They extrapolate into the future the lower earnings growth firms produced during the previously low-inflation period. This leads them to conclude that equity valuations must come down as inflation heats up.</p><p><blockquote>相比之下,当通胀开始上升时,投资者会犯相反的错误:他们将公司在之前的低通胀时期产生的较低盈利增长推断到未来。这让他们得出结论,随着通胀升温,股票估值必须下降。</blockquote></p><p> <b>Rational versus behavioral models of investor behavior</b></p><p><blockquote><b>投资者行为的理性模型与行为模型</b></blockquote></p><p> Notice that two distinct models of investor behavior are needed to explain the market’s reaction to higher inflation. The rational model shows that inflation should have little net impact on equity valuations, while the behavioral model predicts that investors will nevertheless behave irrationally.</p><p><blockquote>请注意,需要两种不同的投资者行为模型来解释市场对通胀上升的反应。理性模型表明,通货膨胀对股票估值的净影响应该很小,而行为模型预测投资者仍将表现非理性。</blockquote></p><p> Might investors have learned from their past irrationality, and therefore not dump stocks if inflation heats up even more in coming months? Warr said that, while anything is possible, he wouldn’t bet on it. “Most current investors have lived most of their lives in a low-inflation environment, so they have had no opportunity to learn the lessons that history teaches us about inflation and the stock market.”</p><p><blockquote>如果未来几个月通胀进一步升温,投资者是否已经从过去的非理性中吸取了教训,因此不会抛售股票?瓦尔说,虽然一切皆有可能,但他不会打赌。“目前的大多数投资者大半辈子都生活在低通胀环境中,因此他们没有机会吸取历史教给我们的有关通胀和股市的教训。”</blockquote></p><p> If Warr is right, then rational investors in coming months will have an opportunity to pick up stocks at lower valuations.</p><p><blockquote>如果沃尔是对的,那么未来几个月理性投资者将有机会以较低的估值买入股票。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.marketwatch.com/story/inflation-is-rising-and-so-are-investors-fears-about-stocks-11613703814?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/inflation-is-rising-and-so-are-investors-fears-about-stocks-11613703814?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1116222553","content_text":"Stocks actually are an inflation hedge but the market doesn’t see it that way\nIf inflation is a threat to the stock market, we should be running scared. That’s because inflation expectations have spiked dramatically in recent weeks. The 10-year breakeven inflation rate — what the bond market currently is betting inflation will average over the next decade — is now higher than it’s been in five years.\nAs you can see from the accompanying chart, expected 10-year inflation stood at just 0.50% last March; this past week it got as high as 2.24%.\n\nIn truth, inflation is not the threat to the stock market that most investors believe. If inflation continues to heat up in coming months and investors react by dumping stocks, you might want to consider it as a buying opportunity.\nThese are the conclusions I reached after interviewing Richard Warr, a finance professor at North Carolina State University. Warr co-authored a seminal 2002 study in the Journal of Financial and Quantitative Analysis which found that equities actually are a good long-term hedge against inflation. His co-author was University of Florida finance professor Jay Ritter.\nWarr explained that stocks are a hedge because inflation impacts equity valuations in two ways which largely offset each other:\n\nHigher inflation means that future nominal earnings must be discounted at a higher rate when calculating their present value.\nCorporations are able to charge more when inflation is higher. Because of this greater pricing power, their nominal earnings in future years will be higher than they would have been otherwise.\n\nNotice the small net effect of these two factors: Nominal earnings will be higher but must be more heavily discounted. This isn’t just theory, by the way: Over the last 150 years, real (inflation-adjusted) growth rates for the S&P 500’sSPX,-0.19%earnings per share have remained relatively stable in the wake of changes in the inflation rate, while nominal EPS growth rates have tended to rise and fall in line with those changes.\nInvestors typically focus on just the first of these two consequences of inflation, Warr said. That is, they (at least implicitly) realize that inflation reduces the value of future nominal earnings, but overlook that those nominal earnings will themselves be higher. This lopsided view is due to a trait that economists call “inflation illusion.”\nThis illusion works to be the benefit of stocks when inflation is declining. When that is the case, investors extrapolate into the future the artificially high nominal earnings growth of earlier higher-inflation periods. The result is unreasonably high valuations.\nWhen inflation begins to rise, in contrast, investors make just the opposite mistake: They extrapolate into the future the lower earnings growth firms produced during the previously low-inflation period. This leads them to conclude that equity valuations must come down as inflation heats up.\nRational versus behavioral models of investor behavior\nNotice that two distinct models of investor behavior are needed to explain the market’s reaction to higher inflation. The rational model shows that inflation should have little net impact on equity valuations, while the behavioral model predicts that investors will nevertheless behave irrationally.\nMight investors have learned from their past irrationality, and therefore not dump stocks if inflation heats up even more in coming months? Warr said that, while anything is possible, he wouldn’t bet on it. “Most current investors have lived most of their lives in a low-inflation environment, so they have had no opportunity to learn the lessons that history teaches us about inflation and the stock market.”\nIf Warr is right, then rational investors in coming months will have an opportunity to pick up stocks at lower valuations.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1569,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":false}