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AdrianTin
AdrianTin
·
2021-04-19
nervous because of the high volatility and herds instinct
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AdrianTin
AdrianTin
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2021-03-25
will come to a level when they love again :)
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AdrianTin
AdrianTin
·
2021-03-23
just follow what Powell said
Fed’s Kaplan said he expects an interest rate hike in 2022
KEY POINTS Dallas Fed President Robert Kaplan said an interest rate hike could come as soon as 2022
Fed’s Kaplan said he expects an interest rate hike in 2022
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AdrianTin
AdrianTin
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2021-03-23
too early to tell, let's see where it closes
S&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.
U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as invest
S&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.
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because of the high volatility and herds instinct","listText":"nervous because of the high volatility and herds instinct","text":"nervous because of the high volatility and herds instinct","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/373973851","repostId":"2128525488","repostType":4,"isVote":1,"tweetType":1,"viewCount":1338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358912953,"gmtCreate":1616649686072,"gmtModify":1634524725850,"author":{"id":"3578352739106703","authorId":"3578352739106703","name":"AdrianTin","avatar":"https://static.tigerbbs.com/f19548d76fb3889197e040376000212a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578352739106703","authorIdStr":"3578352739106703"},"themes":[],"htmlText":"will come to a level when they love again :)","listText":"will come to a level when they love again :)","text":"will 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said","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/353563618","repostId":"1142230032","repostType":4,"repost":{"id":"1142230032","kind":"news","pubTimestamp":1616507852,"share":"https://www.laohu8.com/m/news/1142230032?lang=&edition=full","pubTime":"2021-03-23 21:57","market":"us","language":"en","title":"Fed’s Kaplan said he expects an interest rate hike in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1142230032","media":"cnbc","summary":"KEY POINTS\n\nDallas Fed President Robert Kaplan said an interest rate hike could come as soon as 2022","content":"<div>\n<p>KEY POINTS\n\nDallas Fed President Robert Kaplan said an interest rate hike could come as soon as 2022.\nIn a CNBC interview, the central bank official said he doesn’t see inflation becoming a problem, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/23/feds-kaplan-said-he-expects-an-interest-rate-hike-in-2022.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Fed’s Kaplan said he expects an interest rate hike in 2022</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nFed’s Kaplan said he expects an interest rate hike in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 21:57 GMT+8 <a href=https://www.cnbc.com/2021/03/23/feds-kaplan-said-he-expects-an-interest-rate-hike-in-2022.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nDallas Fed President Robert Kaplan said an interest rate hike could come as soon as 2022.\nIn a CNBC interview, the central bank official said he doesn’t see inflation becoming a problem, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/23/feds-kaplan-said-he-expects-an-interest-rate-hike-in-2022.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/03/23/feds-kaplan-said-he-expects-an-interest-rate-hike-in-2022.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1142230032","content_text":"KEY POINTS\n\nDallas Fed President Robert Kaplan said an interest rate hike could come as soon as 2022.\nIn a CNBC interview, the central bank official said he doesn’t see inflation becoming a problem, but still would like the Fed to start normalizing policy as soon as possible.\n\nDallas Federal Reserve President Robert Kaplan told CNBC on Tuesday he likely will favor an interest rate increase before the end of 2022.\nThough he doesn’t see inflation becoming a problem anytime soon, the central bank official said he expects the economy to progress enough to allow for the Fed to start pulling back on the high levels of accommodation it has provided since the Covid-19 pandemic.\nKaplan admitted he was one of the 2022 “dots” revealed after last week’s Federal Open Market Committee meeting that pointed to an increase next year. The Fed each quarter releases a dot plot of individual members’ expectations of where rates will be heading over the next three years and beyond.\nHowever, just three other officials on the 18-member FOMC agreed with Kaplan’s position, and the plot overall still indicated no hikes through at least 2023.\n“There were some dots starting increases in 2022, and I’m one of those dots, yes,” Kaplan said on “Squawk Box.”\nThe FOMC’s economic forecasts do not list individual members’ names, and it’s unusual for committee members to disclose where their dot was located.\nBut Kaplan said he’s eager for the Fed to start normalizing policy, even if he doesn’t think that day has arrived yet. Kaplan does not get a vote on official committee policy and won’t until 2023, though he still has input into decisions and makes an individual forecast on economic conditions and the trajectory of interest rates.\nThree of the 2022 dots indicated one increase while the fourth pointed to two hikes. Kaplan did not indicate if he was the one expecting two increases.\n“The forecast has improved, my forecast has improved meaningfully,” said Kaplan, adding that he is expecting 6.5% growth in gross domestic product in 2021, in line with the median committee estimate.\n“Having said that, we’re still in the middle of the pandemic, and I want to see more than a forecast. I want to see actual evidence that that forecast is going to unfold,” Kaplan added.\n“As we do, and as we make substantial further progress in meeting our dual mandate goals, I for one am going to be an advocate of beginning the process of moving some of these extraordinary monetary measures and doing it sooner rather than later,” he said. “But I need to see outcomes, not just a strong forecast.”\nNo inflation worries\nThe Fed cut benchmark short-term borrowing rates to near zero last March and has been buying at least $120 billion of bonds each month.\nSome areas of the markets have been worried that the Fed may be keeping those measures in place for too long, particularly considering the high level of fiscal stimulus. Congress recently passed a $1.9 trillion stimulus package and soon will start work on an infrastructure program that could run to $3 trillion.\nThose worries are focused on rising inflation expectations as indicated through rising bond yields.\nHowever, Kaplan said he’s not worried about inflation, though he expects it to rise this year but just temporarily.\nHe said supply and demand issues unique to the pandemic will cause some price increases, and year-over-year comparisons will look high but only because inflation slowed considerably during the early days of the crisis.\nInflation, Kaplan said, “is not just a one-time price surge. It’s year-after-year price increases. I think the jury is very much out as to whether we’re going to see that. It’s not my base case.”\nKaplan added that he would not be in favor of the Fed adjusting its asset purchases to try to bring down longer-duration government bond yields. The rise in yields is reflecting the economic rebound, he said, and he expects them to continue to increase to where the 10-year note is up around 2%.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353514868,"gmtCreate":1616507609154,"gmtModify":1634525461248,"author":{"id":"3578352739106703","authorId":"3578352739106703","name":"AdrianTin","avatar":"https://static.tigerbbs.com/f19548d76fb3889197e040376000212a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578352739106703","authorIdStr":"3578352739106703"},"themes":[],"htmlText":"too early to tell, let's see where it closes","listText":"too early to tell, let's see where it closes","text":"too early to tell, let's see where it closes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353514868","repostId":"1153771573","repostType":4,"repost":{"id":"1153771573","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":1616506331,"share":"https://www.laohu8.com/m/news/1153771573?lang=&edition=full","pubTime":"2021-03-23 21:32","market":"us","language":"en","title":"S&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.","url":"https://stock-news.laohu8.com/highlight/detail?id=1153771573","media":"Tiger Newspress","summary":"U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as invest","content":"<p>U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.</p><p>The S&P 500 fell 0.2%, while the Dow Jones Industrial Average shed 104points. The tech-heavy Nasdaq Composite traded near the flatline.</p><p><img src=\"https://static.tigerbbs.com/50b999a4eca950348b4ba5e25dd57675\" tg-width=\"1075\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p>Shares of Carnival and Norwegian cruise lines fell more than 1% each. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.</p><p>ViacomCBS, one of the top performers in the S&P 500 since the pandemic lows, lost 3% after saying it would offer more stock for sale. The shares are up more than 700% since last March.</p><p>Tuesday marks the one-year anniversary of the market's bottom as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&P 500 and Dow have advanced more than 75%. The Nasdaq Composite is up more than 90%, while the Russell 2000 has surged 126%.</p><p>\"Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace,\" noted Ryan Detrick, chief market strategist at LPL Financial.</p><p>\"This bull market is off to an amazing start, but it is important to remember it is still young. While a pick-up in volatility would be normal as this stage of a strong bull market, we think suitable investors may want to consider buying the dip. Vaccine distribution, fiscal and monetary stimulus, and a robust economic recovery all have our confidence high,\" he added.</p><p>On the pandemic front, a U.S. health agency expressed concern Tuesday that AstraZeneca may have included outdated information in trial results of its Covid-19 vaccine.</p><p>The U.S. is administering about 2.5 million Covid vaccine shots every day. However, the number of new cases is increasing in 21 states as highly infectious variants spread and governors relax restrictions on businesses.</p><p>The Dow finished Monday’s session 103 points higher, for a gain of 0.32%. The S&P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.</p><p>The gains came as the 10-year Treasury yield retreated, after touching a 14-month high last week. The 10-year yield was falling again on Tuesday, but that failed to boost stock futures.</p><p>“While the rise in yields has created volatility, we don’t expect it to derail the equity rally,” noted Mark Haefele, chief investment officer at UBS Global Wealth Management. “We believe rising yields reflect growth optimism and expectations for higher inflation.”</p><p>On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury’s and Federal Reserve’s pandemic response.</p><p>In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there’s still a long way to go.</p><p>“The recovery has progressed more quickly than generally expected and looks to be strengthening. This is due in significant part to the unprecedented fiscal and monetary policy actions ... which provided essential support to households, businesses, and communities,”he said in the prepared comments.</p><p>“But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes,” he added.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.</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\">\nS&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\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\">2021-03-23 21:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.</p><p>The S&P 500 fell 0.2%, while the Dow Jones Industrial Average shed 104points. The tech-heavy Nasdaq Composite traded near the flatline.</p><p><img src=\"https://static.tigerbbs.com/50b999a4eca950348b4ba5e25dd57675\" tg-width=\"1075\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p>Shares of Carnival and Norwegian cruise lines fell more than 1% each. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.</p><p>ViacomCBS, one of the top performers in the S&P 500 since the pandemic lows, lost 3% after saying it would offer more stock for sale. The shares are up more than 700% since last March.</p><p>Tuesday marks the one-year anniversary of the market's bottom as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&P 500 and Dow have advanced more than 75%. The Nasdaq Composite is up more than 90%, while the Russell 2000 has surged 126%.</p><p>\"Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace,\" noted Ryan Detrick, chief market strategist at LPL Financial.</p><p>\"This bull market is off to an amazing start, but it is important to remember it is still young. While a pick-up in volatility would be normal as this stage of a strong bull market, we think suitable investors may want to consider buying the dip. Vaccine distribution, fiscal and monetary stimulus, and a robust economic recovery all have our confidence high,\" he added.</p><p>On the pandemic front, a U.S. health agency expressed concern Tuesday that AstraZeneca may have included outdated information in trial results of its Covid-19 vaccine.</p><p>The U.S. is administering about 2.5 million Covid vaccine shots every day. However, the number of new cases is increasing in 21 states as highly infectious variants spread and governors relax restrictions on businesses.</p><p>The Dow finished Monday’s session 103 points higher, for a gain of 0.32%. The S&P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.</p><p>The gains came as the 10-year Treasury yield retreated, after touching a 14-month high last week. The 10-year yield was falling again on Tuesday, but that failed to boost stock futures.</p><p>“While the rise in yields has created volatility, we don’t expect it to derail the equity rally,” noted Mark Haefele, chief investment officer at UBS Global Wealth Management. “We believe rising yields reflect growth optimism and expectations for higher inflation.”</p><p>On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury’s and Federal Reserve’s pandemic response.</p><p>In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there’s still a long way to go.</p><p>“The recovery has progressed more quickly than generally expected and looks to be strengthening. This is due in significant part to the unprecedented fiscal and monetary policy actions ... which provided essential support to households, businesses, and communities,”he said in the prepared comments.</p><p>“But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes,” he added.</p>\n\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153771573","content_text":"U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.The S&P 500 fell 0.2%, while the Dow Jones Industrial Average shed 104points. The tech-heavy Nasdaq Composite traded near the flatline.Shares of Carnival and Norwegian cruise lines fell more than 1% each. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.ViacomCBS, one of the top performers in the S&P 500 since the pandemic lows, lost 3% after saying it would offer more stock for sale. The shares are up more than 700% since last March.Tuesday marks the one-year anniversary of the market's bottom as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&P 500 and Dow have advanced more than 75%. The Nasdaq Composite is up more than 90%, while the Russell 2000 has surged 126%.\"Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace,\" noted Ryan Detrick, chief market strategist at LPL Financial.\"This bull market is off to an amazing start, but it is important to remember it is still young. While a pick-up in volatility would be normal as this stage of a strong bull market, we think suitable investors may want to consider buying the dip. Vaccine distribution, fiscal and monetary stimulus, and a robust economic recovery all have our confidence high,\" he added.On the pandemic front, a U.S. health agency expressed concern Tuesday that AstraZeneca may have included outdated information in trial results of its Covid-19 vaccine.The U.S. is administering about 2.5 million Covid vaccine shots every day. However, the number of new cases is increasing in 21 states as highly infectious variants spread and governors relax restrictions on businesses.The Dow finished Monday’s session 103 points higher, for a gain of 0.32%. The S&P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.The gains came as the 10-year Treasury yield retreated, after touching a 14-month high last week. The 10-year yield was falling again on Tuesday, but that failed to boost stock futures.“While the rise in yields has created volatility, we don’t expect it to derail the equity rally,” noted Mark Haefele, chief investment officer at UBS Global Wealth Management. “We believe rising yields reflect growth optimism and expectations for higher inflation.”On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury’s and Federal Reserve’s pandemic response.In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there’s still a long way to go.“The recovery has progressed more quickly than generally expected and looks to be strengthening. This is due in significant part to the unprecedented fiscal and monetary policy actions ... which provided essential support to households, businesses, and communities,”he said in the prepared comments.“But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes,” he added.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":931,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":false}