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Wenda1909
Wenda1909
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2021-06-30
Thank you
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Wenda1909
Wenda1909
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2021-06-30
$BlackBerry(BB)$
Is it going up in July ? 😞
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Wenda1909
Wenda1909
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2021-06-24
Good article
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Wenda1909
Wenda1909
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2021-06-24
Well written article
Credit Suisse predicts global growth of 5.9% for 2021, says stocks to outperform other asset classes
KEY POINTS In its investment outlook for the second half of 2021, Credit Suisse predicted the world
Credit Suisse predicts global growth of 5.9% for 2021, says stocks to outperform other asset classes
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Wenda1909
Wenda1909
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2021-06-24
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The red hot housing market is slowing down the economy: Morning Brief
Supply can't meet demand, housing edition We've periodically checked in on the housing market at The
The red hot housing market is slowing down the economy: Morning Brief
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Wenda1909
Wenda1909
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2021-06-24
Good
JPMorgan Leads Banks Set to Return $142 Billion to Shareholders
The biggest U.S. banks, led byJPMorgan Chase & Co.andBank of America Corp., are expected to pay out
JPMorgan Leads Banks Set to Return $142 Billion to Shareholders
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Wenda1909
Wenda1909
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2021-06-24
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Goldman Sachs Briefly Builds Stake in Meme Stock Orphazyme
Goldman Sachs Group Inc. briefly built, then sold a stake in Denmark’s first meme stock, according t
Goldman Sachs Briefly Builds Stake in Meme Stock Orphazyme
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Wenda1909
Wenda1909
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2021-06-22
Hi
Forget Everything You Know: Morgan Stanley Reveals The Only Metric That Determines What The Market Will Do Next
Traders of a certain age may recall that back in 2013, around the time the Fed's "Taper Tantrum" spa
Forget Everything You Know: Morgan Stanley Reveals The Only Metric That Determines What The Market Will Do Next
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Wenda1909
Wenda1909
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2021-06-18
Interesting
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Wenda1909
Wenda1909
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2021-06-18
Wow
Starbucks Says John Culver Promoted To Group President, North America And Chief Operating Officer
June 15 (Reuters) - Starbucks Corp : :Starbucks Says John Culver Promoted To Group President, North
Starbucks Says John Culver Promoted To Group President, North America And Chief Operating Officer
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article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128474352","repostId":"1173023249","repostType":4,"repost":{"id":"1173023249","kind":"news","pubTimestamp":1624529082,"share":"https://ttm.financial/m/news/1173023249?lang=&edition=full","pubTime":"2021-06-24 18:04","market":"us","language":"en","title":"Credit Suisse predicts global growth of 5.9% for 2021, says stocks to outperform other asset classes","url":"https://stock-news.laohu8.com/highlight/detail?id=1173023249","media":"cnbc","summary":"KEY POINTS\n\nIn its investment outlook for the second half of 2021, Credit Suisse predicted the world","content":"<div>\n<p>KEY POINTS\n\nIn its investment outlook for the second half of 2021, Credit Suisse predicted the world economy will grow 5.9% this year and 4% in 2022.\nThe economic expansion will be led by vaccine ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/credit-suisse-investment-outlook-2021-global-growth.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>Credit Suisse predicts global growth of 5.9% for 2021, says stocks to outperform other asset classes</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\">\nCredit Suisse predicts global growth of 5.9% for 2021, says stocks to outperform other asset classes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 18:04 GMT+8 <a href=https://www.cnbc.com/2021/06/24/credit-suisse-investment-outlook-2021-global-growth.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nIn its investment outlook for the second half of 2021, Credit Suisse predicted the world economy will grow 5.9% this year and 4% in 2022.\nThe economic expansion will be led by vaccine ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/credit-suisse-investment-outlook-2021-global-growth.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/24/credit-suisse-investment-outlook-2021-global-growth.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1173023249","content_text":"KEY POINTS\n\nIn its investment outlook for the second half of 2021, Credit Suisse predicted the world economy will grow 5.9% this year and 4% in 2022.\nThe economic expansion will be led by vaccine rollouts, fiscal stimulus, and a broadening services recovery, the bank said.\nThe United States is set to grow at a rate of 6.9% this year, the Eurozone is expected to expand by 4.2% while Asia ex-Japan is predicted to grow 7.5%.\n\nSwiss investment bank Credit Suisse expects global growth to accelerate in the coming months as countries gradually reopen their economies, leading to a recovery in revenue growth and rehiring.\nIn its investment outlook for the second half of 2021, Credit Suisse predicted the world economy will grow 5.9% this year and 4% in 2022. That growth will be led by vaccine rollouts, fiscal stimulus and a broadening services recovery. It also said the United States is set to grow at a rate of 6.9% this year, the Eurozone is expected to expand by 4.2% while Asia ex-Japan is predicted to grow 7.5%.\nEconomic expansion will likely lead to a sharp recovery in global earnings growth that is set to fuel the stock market, according to Ray Farris, chief investment officer for South Asia at Credit Suisse.\n“We are looking for equities to be the asset class that is going to outperform over the next six months to a year,” Farris told CNBC’s “Squawk Box Asia” on Thursday. “As long as earnings continue to trend higher, history suggests that equities will grind their way up.”\n“There will be corrections from time to time, but those corrections would really be opportunities,” Farris said.\nEquities to outperform\nIn the equities market, Credit Suisse said it prefers exposure to cyclical sectors such as financials and materials. Cyclical stocks are companies whose underlying businesses tend to follow the economic cycle of expansion and recession.\nThe bank also prefers cyclical markets in Europe such as the United Kingdom, Germany and Spain. Farris explained on CNBC that Europe as an equity market is going to produce about the same earnings growth as the U.S. in 2021 but it is doing it at “valuations that are literally multi-decade lows on a relative basis.”\n“You are getting Europe on sale as it comes out of the pandemic, as it reopens and as growth accelerates,” Farris said, adding that the U.K. has exposure to financials and the global economy while Germany has exposure to cyclical sectors.\nIn Asia, the bank’s preferences are Korean and Thai stocks, which can potentially benefit from the worldwide chip shortage and global reflation trends. Thai stocks are likely to also gain from a rally in oil prices.\nCredit Suisse is neutral on Chinese equities, citing a slowdown in growth momentum post normalization from the pandemic and regulatory risks that are weighing on market sentiment.\nMonetary policy\nFarris pointed out in a separate media briefing that asset markets and asset prices remain supported by monetary policy in the U.S., Europe, Japan and other countries.\n“Central banks, the core central banks, are likely to continue to expand their balance sheets, injecting more liquidity into systems, all the way through to the end of the year,” he said.\nInflation pressure and inflation risks have risen in recent months, according to the bank. It expects inflation to temporarily overshoot central bank targets in major economies as services sectors reopen. Persistent price pressures would encourage the U.S. Federal Reserve towithdraw monetary accommodation— in the form of monthly asset purchases to stimulate the economy — early, Credit Suisse said.\nFarris said that he doesn’t expect the Fed to announce any decision until late third quarter and beyond, and that the actual tapering will not happen until 2022. Moreover, interest rates are likely to remain on hold until 2023.\n“So, that’s a very supportive monetary policy backdrop for risky assets,” Farris said.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":2000,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128478770,"gmtCreate":1624529649090,"gmtModify":1631893665407,"author":{"id":"3582116981853587","authorId":"3582116981853587","name":"Wenda1909","avatar":"https://static.tigerbbs.com/0db29f4a2a23b7d054af6c523666523a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582116981853587","authorIdStr":"3582116981853587"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128478770","repostId":"2145043969","repostType":4,"repost":{"id":"2145043969","kind":"news","pubTimestamp":1624525868,"share":"https://ttm.financial/m/news/2145043969?lang=&edition=full","pubTime":"2021-06-24 17:11","market":"us","language":"en","title":"The red hot housing market is slowing down the economy: Morning Brief","url":"https://stock-news.laohu8.com/highlight/detail?id=2145043969","media":"Yahoo Finance","summary":"Supply can't meet demand, housing edition\nWe've periodically checked in on the housing market at The","content":"<p><img src=\"https://static.tigerbbs.com/a66604c7e5fcdb480747b6a4be692a3d\" tg-width=\"3504\" tg-height=\"2336\" referrerpolicy=\"no-referrer\"></p>\n<h3>Supply can't meet demand, housing edition</h3>\n<p>We've periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.</p>\n<p>Home prices are rising amid a surge in demand, while low interest rates enable buyers to afford more house.</p>\n<p>But cracks in the housing market have been starting to show, and now are likely to dent U.S gross domestic product (GDP) in the current quarter.</p>\n<p>The hot housing market, in other words, has actually become a drag on growth.</p>\n<p>Housing economist Bill McBride noted Wednesday that the economics group at Goldman Sachs cut its forecast for current quarter GDP, to an annualized growth rate of 8.75%, from a previous outlook for growth to hit 9%. A small change, to be sure. But an example of how the economy-wide demand glut does have some natural speed brakes.</p>\n<p>On Wednesday, May's report on new home sales showed the pace of sales fell 5.9% last month to an annualized rate of 769,000. The actual number of homes sold last month was the lowest in a year. This report followed Tuesday's gauge on existing home sales, which declined for the fourth straight month to an annualized rate of 5.8 million homes.</p>\n<p>These drops in the pace of sales, however, were accompanied by a continued surge in pricing as demand cannot be met. The median increase in the price of an existing home sold rose 23.6% over last year in May, while the median increase in a new home's price was 18.1% over last year. But this increase in prices can't offset the negative growth impact of fewer homes trading hands.</p>\n<p>Mahir Rasheed, U.S. economist at Oxford Economics, flagged in a note Wednesday that while home sales are likely to be flat or lower for the rest of the year, backlogs should keep homebuilder activity supported.</p>\n<p>\"Nearly 90% of the for-sale inventory in May was of homes where construction is ongoing or has not started, while 36% of homes already sold have not yet broken ground,\" Rasheed wrote.</p>\n<p>\"These backlogs should support homebuilder activity even if the current pace of home sales moderates, although there are likely to be delays in the near term as builders contend with supply chain issues,\" he added. Rasheed also noted that with lumber prices coming down, builder cost pressures being pushed to buyers could ease.</p>\n<p>But in a note to clients published Wednesday, Ian Shepherdson at Pantheon Macroeconomics was less sanguine on the situation. \"</p>\n<p>New home sales \"look set to fall further, with a decent chance they’ll soon be back below the pre-COVID trend,\" Shepherdson wrote. \"The story here, we think, is simply that demand in the suburbs has fallen as COVID fear has faded. Inventory remains low but it is rising rapidly; supply hit 5.1 months of current sales in May, up from 3.6 months in January.\"</p>\n<p>Shepherdson added that this data points to \"an accident waiting to happen.\"</p>\n<p>We argued earlier this month that lumber prices cratering reveal to us the future of this recovery. A future in which the most acute pricing pressures ease just as they fell: abruptly.</p>\n<p>But abrupt turns in the economy don't create healthy conditions. Rather, these turns set the table for investors who couldn't be bullish enough coming into 2021 to suddenly find themselves caught offside the other way.</p>\n<p><i>By Myles Udland, reporter and anchor for Yahoo Finance Live. Follow him at @MylesUdland</i></p>\n<h3><b>What to watch today</b></h3>\n<p><b>Economy </b></p>\n<ul>\n <li>8:30 a.m. ET:<b> Advance Goods Trade Balance, </b>May (-$87.5 billion expected, -$85.2 billion in April)</li>\n <li>8:30 a.m. ET: <b>Wholesale inventories,</b> May preliminary (0.8% in April)</li>\n <li>8:30 a.m. ET: <b>Durable goods orders, </b>May preliminary (2.8% expected, -1.3% in April)</li>\n <li>8:30 a.m. ET: <b>Durable goods orders excluding transportation, </b>May preliminary (0.7% expected, 1.0% in April)</li>\n <li>8:30 a.m. ET: <b>Non-defense capital goods orders excluding aircraft, </b>May preliminary (0.6% expected, 2.2% in April)</li>\n <li>8:30 a.m. ET: <b>Non-defense capital goods shipments excluding aircraft</b> (0.8% expected, 0.9% in April)</li>\n <li>8:30 a.m. ET: <b>GDP annualized, </b>quarter-over-quarter, Q1 third print (6.4% expected, 6.4% in prior print)</li>\n <li>8:30 a.m. ET: <b>Personal consumption,</b> Q1 third print (11.4% expected, 11.3% in prior print)</li>\n <li>8:30 a.m. ET: <b>GDP Price Index,</b> Q1 third print (4.3% expected, 4.3% in prior print)</li>\n <li>8:30 a.m. ET:<b> Initial jobless claims, </b>week ended June 19 (380,000 expected, 412,000 in prior print)</li>\n <li>8:30 a.m. ET: <b>Continuing claims, </b>week ended June 12 (3.460 million expected, 3.518 million in prior print)</li>\n <li>11:00 a.m. ET: <b>Kansas City Fed Manufacturing Activity Index,</b> June (24 expected, 26 in prior print)</li>\n</ul>\n<p><b>Earnings</b></p>\n<p><b>Pre-market</b></p>\n<ul>\n <li>7:00 a.m. ET: <b>Darden Restaurants (DRI)</b> is expected to report adjusted earnings of $1.77 per share on revenue of $2.19 billion</li>\n</ul>\n<p><b>Post-market</b></p>\n<ul>\n <li>4:00 p.m. ET:<b> Fedex (FDX) </b>is expected to report adjusted earnings of $5.00 per share on revenue of $21.49 billion</li>\n <li>4:15 p.m. ET: <b>Nike (NKE)</b> is expected to report adjusted earnings of 50 cents per share on revenue of $11.03 billion</li>\n</ul>\n<h3><b>Top News</b></h3>\n<p><b> </b>U.S. software mogul John McAfee dies by hanging in Spanish prison, lawyer says [Reuters]</p>\n<p>Bitcoin trading above $32,000 but cryptos remain under pressure {Yahoo Finance UK]</p>\n<p>Senators to pitch bipartisan infrastructure plan to Biden [AP]</p>\n<p>Microsoft’s big Windows 11 event is coming up — here's what to expect [Yahoo Finance]</p>\n<h3><b>Yahoo Finance Highlights</b></h3>\n<p>Fed cautious about return to pre-pandemic labor market</p>\n<p>Activist investor who shook up Bed Bath & Beyond and Kohl's says this is the next big retail opportunity</p>\n<p>GDP is back. Workers are not</p>","source":"yahoofinance","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 red hot housing market is slowing down the economy: Morning Brief</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 red hot housing market is slowing down the economy: Morning Brief\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 17:11 GMT+8 <a href=https://finance.yahoo.com/news/the-red-hot-housing-market-is-slowing-down-the-economy-morning-brief-091108953.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Supply can't meet demand, housing edition\nWe've periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.\nHome prices are ...</p>\n\n<a href=\"https://finance.yahoo.com/news/the-red-hot-housing-market-is-slowing-down-the-economy-morning-brief-091108953.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3a27d956c99f35da42b4f75734adb724","relate_stocks":{".SPX":"S&P 500 Index","XHB":"房屋建筑商指数ETF-SPDR","DHI":"霍顿房屋",".DJI":"道琼斯","PHM":"普得集团","LEN":"莱纳建筑公司","KBH":"KB Home",".IXIC":"NASDAQ Composite","TOL":"托尔兄弟","SPY":"标普500ETF"},"source_url":"https://finance.yahoo.com/news/the-red-hot-housing-market-is-slowing-down-the-economy-morning-brief-091108953.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2145043969","content_text":"Supply can't meet demand, housing edition\nWe've periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.\nHome prices are rising amid a surge in demand, while low interest rates enable buyers to afford more house.\nBut cracks in the housing market have been starting to show, and now are likely to dent U.S gross domestic product (GDP) in the current quarter.\nThe hot housing market, in other words, has actually become a drag on growth.\nHousing economist Bill McBride noted Wednesday that the economics group at Goldman Sachs cut its forecast for current quarter GDP, to an annualized growth rate of 8.75%, from a previous outlook for growth to hit 9%. A small change, to be sure. But an example of how the economy-wide demand glut does have some natural speed brakes.\nOn Wednesday, May's report on new home sales showed the pace of sales fell 5.9% last month to an annualized rate of 769,000. The actual number of homes sold last month was the lowest in a year. This report followed Tuesday's gauge on existing home sales, which declined for the fourth straight month to an annualized rate of 5.8 million homes.\nThese drops in the pace of sales, however, were accompanied by a continued surge in pricing as demand cannot be met. The median increase in the price of an existing home sold rose 23.6% over last year in May, while the median increase in a new home's price was 18.1% over last year. But this increase in prices can't offset the negative growth impact of fewer homes trading hands.\nMahir Rasheed, U.S. economist at Oxford Economics, flagged in a note Wednesday that while home sales are likely to be flat or lower for the rest of the year, backlogs should keep homebuilder activity supported.\n\"Nearly 90% of the for-sale inventory in May was of homes where construction is ongoing or has not started, while 36% of homes already sold have not yet broken ground,\" Rasheed wrote.\n\"These backlogs should support homebuilder activity even if the current pace of home sales moderates, although there are likely to be delays in the near term as builders contend with supply chain issues,\" he added. Rasheed also noted that with lumber prices coming down, builder cost pressures being pushed to buyers could ease.\nBut in a note to clients published Wednesday, Ian Shepherdson at Pantheon Macroeconomics was less sanguine on the situation. \"\nNew home sales \"look set to fall further, with a decent chance they’ll soon be back below the pre-COVID trend,\" Shepherdson wrote. \"The story here, we think, is simply that demand in the suburbs has fallen as COVID fear has faded. Inventory remains low but it is rising rapidly; supply hit 5.1 months of current sales in May, up from 3.6 months in January.\"\nShepherdson added that this data points to \"an accident waiting to happen.\"\nWe argued earlier this month that lumber prices cratering reveal to us the future of this recovery. A future in which the most acute pricing pressures ease just as they fell: abruptly.\nBut abrupt turns in the economy don't create healthy conditions. Rather, these turns set the table for investors who couldn't be bullish enough coming into 2021 to suddenly find themselves caught offside the other way.\nBy Myles Udland, reporter and anchor for Yahoo Finance Live. Follow him at @MylesUdland\nWhat to watch today\nEconomy \n\n8:30 a.m. ET: Advance Goods Trade Balance, May (-$87.5 billion expected, -$85.2 billion in April)\n8:30 a.m. ET: Wholesale inventories, May preliminary (0.8% in April)\n8:30 a.m. ET: Durable goods orders, May preliminary (2.8% expected, -1.3% in April)\n8:30 a.m. ET: Durable goods orders excluding transportation, May preliminary (0.7% expected, 1.0% in April)\n8:30 a.m. ET: Non-defense capital goods orders excluding aircraft, May preliminary (0.6% expected, 2.2% in April)\n8:30 a.m. ET: Non-defense capital goods shipments excluding aircraft (0.8% expected, 0.9% in April)\n8:30 a.m. ET: GDP annualized, quarter-over-quarter, Q1 third print (6.4% expected, 6.4% in prior print)\n8:30 a.m. ET: Personal consumption, Q1 third print (11.4% expected, 11.3% in prior print)\n8:30 a.m. ET: GDP Price Index, Q1 third print (4.3% expected, 4.3% in prior print)\n8:30 a.m. ET: Initial jobless claims, week ended June 19 (380,000 expected, 412,000 in prior print)\n8:30 a.m. ET: Continuing claims, week ended June 12 (3.460 million expected, 3.518 million in prior print)\n11:00 a.m. ET: Kansas City Fed Manufacturing Activity Index, June (24 expected, 26 in prior print)\n\nEarnings\nPre-market\n\n7:00 a.m. ET: Darden Restaurants (DRI) is expected to report adjusted earnings of $1.77 per share on revenue of $2.19 billion\n\nPost-market\n\n4:00 p.m. ET: Fedex (FDX) is expected to report adjusted earnings of $5.00 per share on revenue of $21.49 billion\n4:15 p.m. ET: Nike (NKE) is expected to report adjusted earnings of 50 cents per share on revenue of $11.03 billion\n\nTop News\n U.S. software mogul John McAfee dies by hanging in Spanish prison, lawyer says [Reuters]\nBitcoin trading above $32,000 but cryptos remain under pressure {Yahoo Finance UK]\nSenators to pitch bipartisan infrastructure plan to Biden [AP]\nMicrosoft’s big Windows 11 event is coming up — here's what to expect [Yahoo Finance]\nYahoo Finance Highlights\nFed cautious about return to pre-pandemic labor market\nActivist investor who shook up Bed Bath & Beyond and Kohl's says this is the next big retail opportunity\nGDP is back. Workers are not","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"DHI":0.6,"KBH":0.9,"LEN":0.6,"PHM":0.6,"SPY":0.9,"TOL":0.6,"XHB":0.9}},"isVote":1,"tweetType":1,"viewCount":772,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121580190,"gmtCreate":1624475656610,"gmtModify":1631893665417,"author":{"id":"3582116981853587","authorId":"3582116981853587","name":"Wenda1909","avatar":"https://static.tigerbbs.com/0db29f4a2a23b7d054af6c523666523a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582116981853587","authorIdStr":"3582116981853587"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121580190","repostId":"1104273824","repostType":4,"repost":{"id":"1104273824","kind":"news","pubTimestamp":1624459299,"share":"https://ttm.financial/m/news/1104273824?lang=&edition=full","pubTime":"2021-06-23 22:41","market":"us","language":"en","title":"JPMorgan Leads Banks Set to Return $142 Billion to Shareholders","url":"https://stock-news.laohu8.com/highlight/detail?id=1104273824","media":"Bloomberg","summary":"The biggest U.S. banks, led byJPMorgan Chase & Co.andBank of America Corp., are expected to pay out ","content":"<p>The biggest U.S. banks, led byJPMorgan Chase & Co.andBank of America Corp., are expected to pay out $142 billion in capital to shareholders after clearing this year’s stress tests.</p>\n<p>One year after the Federal Reserve capped stock buybacks and dividends, the central bank is poised to liftremainingCovid-19 restrictions for lenders that perform well on this year’s exams when results are announced Thursday.</p>\n<p>All six of the biggest U.S. banks -- a group that also includes Citigroup Inc., Wells Fargo & Co., Morgan Stanley and Goldman Sachs Group Inc. -- are expected to pass, paving the way for them to double total shareholder payouts in the next four quarters, according to data compiled by Bloomberg based on estimates provided by analysts at Barclays Plc.</p>\n<p><img src=\"https://static.tigerbbs.com/d297887da2002c8ff1a478aeaa499bae\" tg-width=\"580\" tg-height=\"306\">Created in the wake of the last financial crisis, the stress tests were designed to assess whether banks have enough capital to withstand economic turmoil. Though they’re normally administered annually, the Fed required additional exams during the pandemic.</p>\n<p>Now, with most banks sitting on mountains of excess cash, the exercise is primarily an indicator of how much of that money can be doled out to investors.</p>\n<p>“It truly is just a math exercise now,” said Jason Goldberg, an analyst at Barclays. “Given the fact that these banks did really well in the December Covid stress test and generally have more capital today than they did then, they should screen well.”</p>\n<p>Here’s what investors are watching for when the Fed announces stress-test results:</p>\n<p><b>New Schedule</b></p>\n<p>The day of the results used to be a frantic affair and banks that survived the exams would quickly announce their plans for distributing capital to investors. But now those plans don’t need the Fed’s sign-off because each bank knows its exact capital minimum. A lender can do whatever it likes with its excess cash.</p>\n<p>After the results are revealed, the Fed will specify the soonest that banks can announce their latest buyback and dividend intentions. It probably won’t be until next week when firms reveal their plans, though, and banks can choose to do so at a later date as well.</p>\n<p><b>New Rules</b></p>\n<p>The Fed tested 23 banks in total this time around, a list that includes domestic firms and U.S. subsidiaries of foreign lenders. Banks that pass the annual exam remain subject to a constant requirement that they stay above their capital target for the rest of the year. If a lender falls below at any point, the Fed can initiate enforcement actions before waiting for the next stress test.</p>\n<p>The stress capital buffer was technically implemented last year; however, because banks were subject to the pandemic-era limitations on shareholder returns, 2021 will be the first year the new system is in full effect.</p>\n<p><b>Bigger Payouts</b></p>\n<p>Some banks have already started sketching out how much cash they plan to return to shareholders as part of the 2021 Comprehensive Capital Analysis and Review -- or CCAR -- cycle, which includes the next four quarters.</p>\n<p>Bank of America has said it hopes to raise its dividend and announced plans to repurchase as much as $25 billion of its common stock while JPMorgan’s board has approved $30 billion in stock buybacks over an “indefinite time frame.”</p>\n<p><img src=\"https://static.tigerbbs.com/c84893921ec353134451bb3aaa2d0817\" tg-width=\"593\" tg-height=\"352\">“Reality is, the banking industry was tested by the pandemic,” Susan Roth Katzke, an analyst at Credit Suisse Group AG, said in a note to clients. “Near term, we expect macro recovery to remain an overwhelming positive, benefiting most, if not all banks.”</p>\n<p>In all, the six biggest U.S. banks are expected to triple their buybacks alone in the coming months to $107 billion.</p>\n<p><b>No Mulligan</b></p>\n<p>Previously, banks that were near their regulatory capital minimums -- or breaching them -- may have had to tweak their original payout requests to allay regulators’ concerns. The process is simplified this year and designed to nix this do-over option, known as the mulligan. Bank boards are now allowed to approve the payout plans once the Fed’s calculations are apparent.</p>\n<p>Bank executives have criticized the process for being onerous and some are pleased the mulligan is gone.</p>\n<p>“Something I’ve argued for years, let’s not play this game of the mulligan,” Morgan Stanley Chief Executive Officer James Gorman said at an event last week. “This is treating you like you’re grownups. You know what you’re doing. You’re running a prudent business, get on with it, run it the way you should.”</p>\n<p><b>Risk Management</b></p>\n<p>Credit Suisse and Deutsche Bank AG are among the foreign lenders reporting results. Fed Vice Chairman for Supervision Randal Quarles became a target for criticism in recent weeks for his earlier campaign to free Credit Suisse, Deutsche Bank and other foreign lenders from the agency’s most intensive big-bank supervision. He’d argued that such banks have diminishing footprints in the U.S. and don’t need the same level of oversight.</p>\n<p>But after they were released from the highest level of Fed supervision, Credit Suisse was mired in the Archegos Capital Management scandal and Deutsche Bank is said to bebracing itselffor a significant Fed enforcement action tied to years of risk-management failings.</p>\n<p>“Credit Suisse is one we are watching,” said Alison Williams, an analyst at Bloomberg Intelligence. “The fact that there was some noise around U.S. regulators being unhappy” with Deutsche Bank could potentially raise some risk for the German lender, Williams said.</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>JPMorgan Leads Banks Set to Return $142 Billion to Shareholders</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\">\nJPMorgan Leads Banks Set to Return $142 Billion to Shareholders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 22:41 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-06-23/jpmorgan-leads-banks-set-to-return-142-billion-to-shareholders?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The biggest U.S. banks, led byJPMorgan Chase & Co.andBank of America Corp., are expected to pay out $142 billion in capital to shareholders after clearing this year’s stress tests.\nOne year after the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-23/jpmorgan-leads-banks-set-to-return-142-billion-to-shareholders?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-23/jpmorgan-leads-banks-set-to-return-142-billion-to-shareholders?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104273824","content_text":"The biggest U.S. banks, led byJPMorgan Chase & Co.andBank of America Corp., are expected to pay out $142 billion in capital to shareholders after clearing this year’s stress tests.\nOne year after the Federal Reserve capped stock buybacks and dividends, the central bank is poised to liftremainingCovid-19 restrictions for lenders that perform well on this year’s exams when results are announced Thursday.\nAll six of the biggest U.S. banks -- a group that also includes Citigroup Inc., Wells Fargo & Co., Morgan Stanley and Goldman Sachs Group Inc. -- are expected to pass, paving the way for them to double total shareholder payouts in the next four quarters, according to data compiled by Bloomberg based on estimates provided by analysts at Barclays Plc.\nCreated in the wake of the last financial crisis, the stress tests were designed to assess whether banks have enough capital to withstand economic turmoil. Though they’re normally administered annually, the Fed required additional exams during the pandemic.\nNow, with most banks sitting on mountains of excess cash, the exercise is primarily an indicator of how much of that money can be doled out to investors.\n“It truly is just a math exercise now,” said Jason Goldberg, an analyst at Barclays. “Given the fact that these banks did really well in the December Covid stress test and generally have more capital today than they did then, they should screen well.”\nHere’s what investors are watching for when the Fed announces stress-test results:\nNew Schedule\nThe day of the results used to be a frantic affair and banks that survived the exams would quickly announce their plans for distributing capital to investors. But now those plans don’t need the Fed’s sign-off because each bank knows its exact capital minimum. A lender can do whatever it likes with its excess cash.\nAfter the results are revealed, the Fed will specify the soonest that banks can announce their latest buyback and dividend intentions. It probably won’t be until next week when firms reveal their plans, though, and banks can choose to do so at a later date as well.\nNew Rules\nThe Fed tested 23 banks in total this time around, a list that includes domestic firms and U.S. subsidiaries of foreign lenders. Banks that pass the annual exam remain subject to a constant requirement that they stay above their capital target for the rest of the year. If a lender falls below at any point, the Fed can initiate enforcement actions before waiting for the next stress test.\nThe stress capital buffer was technically implemented last year; however, because banks were subject to the pandemic-era limitations on shareholder returns, 2021 will be the first year the new system is in full effect.\nBigger Payouts\nSome banks have already started sketching out how much cash they plan to return to shareholders as part of the 2021 Comprehensive Capital Analysis and Review -- or CCAR -- cycle, which includes the next four quarters.\nBank of America has said it hopes to raise its dividend and announced plans to repurchase as much as $25 billion of its common stock while JPMorgan’s board has approved $30 billion in stock buybacks over an “indefinite time frame.”\n“Reality is, the banking industry was tested by the pandemic,” Susan Roth Katzke, an analyst at Credit Suisse Group AG, said in a note to clients. “Near term, we expect macro recovery to remain an overwhelming positive, benefiting most, if not all banks.”\nIn all, the six biggest U.S. banks are expected to triple their buybacks alone in the coming months to $107 billion.\nNo Mulligan\nPreviously, banks that were near their regulatory capital minimums -- or breaching them -- may have had to tweak their original payout requests to allay regulators’ concerns. The process is simplified this year and designed to nix this do-over option, known as the mulligan. Bank boards are now allowed to approve the payout plans once the Fed’s calculations are apparent.\nBank executives have criticized the process for being onerous and some are pleased the mulligan is gone.\n“Something I’ve argued for years, let’s not play this game of the mulligan,” Morgan Stanley Chief Executive Officer James Gorman said at an event last week. “This is treating you like you’re grownups. You know what you’re doing. You’re running a prudent business, get on with it, run it the way you should.”\nRisk Management\nCredit Suisse and Deutsche Bank AG are among the foreign lenders reporting results. Fed Vice Chairman for Supervision Randal Quarles became a target for criticism in recent weeks for his earlier campaign to free Credit Suisse, Deutsche Bank and other foreign lenders from the agency’s most intensive big-bank supervision. He’d argued that such banks have diminishing footprints in the U.S. and don’t need the same level of oversight.\nBut after they were released from the highest level of Fed supervision, Credit Suisse was mired in the Archegos Capital Management scandal and Deutsche Bank is said to bebracing itselffor a significant Fed enforcement action tied to years of risk-management failings.\n“Credit Suisse is one we are watching,” said Alison Williams, an analyst at Bloomberg Intelligence. “The fact that there was some noise around U.S. regulators being unhappy” with Deutsche Bank could potentially raise some risk for the German lender, Williams said.","news_type":1,"symbols_score_info":{"JPM":0.9}},"isVote":1,"tweetType":1,"viewCount":1169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121229570,"gmtCreate":1624466274390,"gmtModify":1631893665427,"author":{"id":"3582116981853587","authorId":"3582116981853587","name":"Wenda1909","avatar":"https://static.tigerbbs.com/0db29f4a2a23b7d054af6c523666523a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582116981853587","authorIdStr":"3582116981853587"},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121229570","repostId":"1159107044","repostType":4,"repost":{"id":"1159107044","kind":"news","pubTimestamp":1624459161,"share":"https://ttm.financial/m/news/1159107044?lang=&edition=full","pubTime":"2021-06-23 22:39","market":"us","language":"en","title":"Goldman Sachs Briefly Builds Stake in Meme Stock Orphazyme","url":"https://stock-news.laohu8.com/highlight/detail?id=1159107044","media":"Bloomberg","summary":"Goldman Sachs Group Inc. briefly built, then sold a stake in Denmark’s first meme stock, according t","content":"<p>Goldman Sachs Group Inc. briefly built, then sold a stake in Denmark’s first meme stock, according to a regulatory filing.</p>\n<p>Orphazyme A/S, a small Danish biotech firm,saidon Wednesday the Wall Street firm had a stake that exceeded the 5% threshold that triggers a filing, and then quickly reduced its holding to below that level last week.</p>\n<p><img src=\"https://static.tigerbbs.com/87c5b53a8732ab8cba47ac53ffda357d\" tg-width=\"558\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p>\n<p>Goldman’s holding was 5.58% as of June 16, and less then 5% a day later. The bank hasn’t previously appeared as an investor in regulatory filings for Orphazyme.</p>\n<p>Orphazyme morphed into a meme stock on June 10. After building a sudden fan base on social media platforms such as Reddit, the company’s American depositary shares soared almost 1,400% at one point during U.S. trading hours. Last week, the stock’s share pricecrashedafter it failed to win regulatory approval for a key treatment.</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>Goldman Sachs Briefly Builds Stake in Meme Stock Orphazyme</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\">\nGoldman Sachs Briefly Builds Stake in Meme Stock Orphazyme\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 22:39 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-06-23/goldman-sachs-briefly-builds-stake-in-meme-stock-orphazyme?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs Group Inc. briefly built, then sold a stake in Denmark’s first meme stock, according to a regulatory filing.\nOrphazyme A/S, a small Danish biotech firm,saidon Wednesday the Wall Street ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-23/goldman-sachs-briefly-builds-stake-in-meme-stock-orphazyme?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-23/goldman-sachs-briefly-builds-stake-in-meme-stock-orphazyme?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159107044","content_text":"Goldman Sachs Group Inc. briefly built, then sold a stake in Denmark’s first meme stock, according to a regulatory filing.\nOrphazyme A/S, a small Danish biotech firm,saidon Wednesday the Wall Street firm had a stake that exceeded the 5% threshold that triggers a filing, and then quickly reduced its holding to below that level last week.\n\nGoldman’s holding was 5.58% as of June 16, and less then 5% a day later. The bank hasn’t previously appeared as an investor in regulatory filings for Orphazyme.\nOrphazyme morphed into a meme stock on June 10. After building a sudden fan base on social media platforms such as Reddit, the company’s American depositary shares soared almost 1,400% at one point during U.S. trading hours. Last week, the stock’s share pricecrashedafter it failed to win regulatory approval for a key treatment.","news_type":1,"symbols_score_info":{"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":1992,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129699517,"gmtCreate":1624370240839,"gmtModify":1631893665438,"author":{"id":"3582116981853587","authorId":"3582116981853587","name":"Wenda1909","avatar":"https://static.tigerbbs.com/0db29f4a2a23b7d054af6c523666523a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582116981853587","authorIdStr":"3582116981853587"},"themes":[],"htmlText":"Hi ","listText":"Hi ","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129699517","repostId":"1177499959","repostType":4,"repost":{"id":"1177499959","kind":"news","pubTimestamp":1624344919,"share":"https://ttm.financial/m/news/1177499959?lang=&edition=full","pubTime":"2021-06-22 14:55","market":"us","language":"en","title":"Forget Everything You Know: Morgan Stanley Reveals The Only Metric That Determines What The Market Will Do Next","url":"https://stock-news.laohu8.com/highlight/detail?id=1177499959","media":"zerohedge","summary":"Traders of a certain age may recall that back in 2013, around the time the Fed's \"Taper Tantrum\" spa","content":"<p>Traders of a certain age may recall that back in 2013, around the time the Fed's \"Taper Tantrum\" sparked a surge in yields and led to a risk asset selloff, a big (if entirely artificial) debate emerged within financial media, where the Fed muppets and their media puppets would argue that \"tapering is not tightening\" while anyone with half a brain realized knew that this was total BS.</p>\n<p>Fast forward to today when Morgan Stanley's Michael Wilson opens up an old wound for clueless Fed apologists, saying in his latest Weekly Warm Up note that \"Tapering<i><b>is</b></i>Tightening\"... but then adds that contrary to the market's shocked reaction to last week's Fed meeting, tightening actually began months ago.</p>\n<p>Elaborating on this point, Wilson - who several months ago turned into Wall Street's most bearish strategist (again)- writes this morning that while the Fed's pivot to \"begin\" the tightening discussion caught most by surprise, in reality markets began discounting this inevitable process months ago as price action had indicated. It's exactly this discounting of the coming tightening, that is what Michael Wilson's mid-cycle transition is all about, and as the strategist adds, \"<b>fits nicely with our narrative for choppier equity markets and a 10-20% correction for the broader indices this year.\"</b></p>\n<p>Or to paraphrase Lester Burnham,<b>\"it's all downhill from here\"...</b>and as Wilson predicts, that won't change until M2 growth is done decelerating; or in other words, until the Fed unleashes another liquidity burst into the system \"<b><i>the transition is incomplete.\"</i></b></p>\n<p>Highlights aside, Wilson then elaborates on each point, noting that while last week's Fed meeting brought more uncertainty to markets one thing is becoming more obvious:<b>\"we are on the other side of the mountain with respect to monetary accommodation for this cycle.</b>\"</p>\n<p>Furthermore, having repeatedlywarned that the US is now mid-cycle...</p>\n<p><img src=\"https://static.tigerbbs.com/d95f296e4d1300cd3c95485a2333d270\" tg-width=\"906\" tg-height=\"571\" referrerpolicy=\"no-referrer\">... Wilson then takes a victory lap writing that what the Fed is doing is \"classic mid cycle transition behavior so investors really shouldn't be too surprised that the Fed would try to begin the long process of tightening.\"</p>\n<blockquote>\n After all, the US economy is booming and expected to grow close to 10 percent this year in nominal terms, a feat last witnessed in 1984. Meanwhile, no matter what one's view is on inflation being transient or not, prices are up significantly and likely higher than what the Fed, or most others were expecting 6 months ago. In other words, the facts and data have changed; therefore, so should Fed policy.\n</blockquote>\n<p>Nevertheless, as discussed here extensively, markets reacted as if this was a complete shock with both bonds and stocks trading as if the Fed had hiked rates already (instead of leaving over $2TN in QE still on deck) after the Fed meeting. Starting with bonds, both nominal 10 year yields and breakevens fell significantly. However, breakevens fell more leaving 10 year real rates higher by almost 20 bps Wednesday afternoon.</p>\n<p>While real rates did settle back a bit on Thursday and Friday, they have formed what appears to be a very solid base from which they are likely to rise as the economy continues to recover and the Fed appropriately pivots. In Wilson's view, \"<b>this looks very similar to 2013, the year after Peak Fed. Back then, Peak Fed was QE3 which was announced on September 12, 2012. This time Peak Fed was the announcement of Average Inflation Targeting last summer.\"</b></p>\n<p><img src=\"https://static.tigerbbs.com/670f9e23e34953726583276c32a7b3f9\" tg-width=\"843\" tg-height=\"445\"></p>\n<p>That said, there is one notable difference between the taper tantrum and today: in 2013 \"tapering\" QE was a novel concept to markets and it came more abruptly with Bernanke's surprise mention during his congressional testimony on May 22, 2013.<b>This time, the markets understand what tapering is and see its arrival as inevitable as the economy recovers.</b>Therefore, while the path higher for real rates is unlikely to be as dramatic as witnessed in 2013, it is still likely to be higher from here and that is a change that will affect all risk markets, including equities, in Morgan Stanley's view.</p>\n<p>Wilson makes one final observation from the chart above, which is how real rates moved substantially<b>before</b>Bernanke's testimony in May 2013, prompting Wilson to notes that \"<i>perhaps it wasn't as much of a surprise as believed, at least to markets. We think it's the same situation today.\"</i></p>\n<blockquote>\n In our view, the data has been so strong, it would be naive not to think the Fed wasn't moving closer to tapering over the past several months. In fact, the idea that the Fed hasn't been thinking and/or talking about it seems absurd. Surely the market understands this, making the events of the past week not so much of a surprise. It's all part of the mid cycle transition that has been ongoing for months and fits with the choppier price action and unstable market leadership we have been witnessing.\n</blockquote>\n<p>The underperformance of early cycle stocks is another classic signal the market \"gets it.\" Nevertheless, in talking with clients the past few days, this view is still out of consensus. Most haven't been ready for tighter monetary policy, nor did they think it's something they needed to worry about, until now.</p>\n<p>Wrapping up the Fed \"surprise\" part of his note, Wilson writes that contrary to the FOMC shock,<b>monetary tightening actually began months ago if one is looking at the right metric, which to the top Morgan Stanley equity strategist - who emerges as yet another closet Austrian - is</b><b><u>money supply growth</u></b><b>:</b></p>\n<blockquote>\n <i>In a world where all of the major developed market central banks are stuck at the zero bound, or lower,</i>\n <i><b>the primary metric that determines if monetary policy is getting more or less accommodative is Money Supply Growth.</b></i>\n</blockquote>\n<p>Realizing that to most Keynesian this will be a controversial statement to say the least, Wilson digs in and says that \"it's absolutely the case and financial markets seem to agree.\" He explains:</p>\n<blockquote>\n <i>When money supply is accelerating, the more speculative / riskier assets tend to outperform and when it's decelerating these assets have more trouble. As noted here several times over the past few months, the Fed's balance sheet (M1) growth peaked in mid February and that coincided with a top in many of the most expensive/speculative stocks in the equity market just like the acceleration in the Fed's balance sheet in the prior 12 months contributed to their spectacular performance. Interestingly, the recently flattening out of the growth in M1 has coincided with more stability in these stocks, although they remain well below prior highs (Exhibit 2).</i>\n</blockquote>\n<p>And visually:</p>\n<p><img src=\"https://static.tigerbbs.com/392b34be32740b00458d59adb2bb80a6\" tg-width=\"852\" tg-height=\"486\"></p>\n<p>But wait there's more, and also an explanation why the Fed has made it virtually impossible to track the weekly change in M2 (the aggregate is now updated only monthly).</p>\n<p>Taking Wilson's argument a step further,<b>M2 growth might be even more important to monitor than M1 because that's the net liquidity available to the economy</b><b><i>and</i></b><b>markets.</b>On that front, the deceleration also began at the end of February<b>but has not yet flattened out and appears to have much further to fall to a more \"normal\" level of annual growth</b>— i.e., 7-8%</p>\n<p><img src=\"https://static.tigerbbs.com/dd5f46571e7e27f9c00fed0a2d310a3c\" tg-width=\"610\" tg-height=\"376\"></p>\n<p>More ominously, this also suggests<b>liquidity is likely to tighten further from here whether the Fed's begins tapering later this year or next.</b></p>\n<p>Finally, when we look at M2 data on a global basis, we get the same picture.</p>\n<p><img src=\"https://static.tigerbbs.com/c77fa806a6775bc562b18346590d26c9\" tg-width=\"613\" tg-height=\"376\"></p>\n<p>Wilson concludes that even ahead of last week's \"shock\" FOMC, the market had already started to de-rate lower into a mid-cycle transition as Fed balance sheet growth has materially slowed. Meanwhile, M2 is slowing just as rapidly and has further to fall, especially when the Fed begins to taper later this year or early next. Finally, global money supply growth is also slowing from elevated levels and every major region is contributing.</p>\n<p>This to Wilson<b>\"looks reminiscent of 2014 and 2018 when markets went through a rolling correction of risky assets\"</b>and he thinks 2021 will prove to be similar in that regard with the highest beta regions falling first (Kospi, China, Japan) and ending with the most defensive (US).</p>\n<p>Putting it all together, the MS strategist writes that \"tapering is tightening but the tightening process began with the rate of change in money supply growth. The good news is that<b>the market already knows it.</b>The bad news is that<b>a majority of investors seem to be just catching on with the Fed's \"surprise\" announcement this past week.</b>This means asset prices are far from done correcting as witnessed with the more cyclical, reflationary assets taking their turn the past few weeks.\"</p>\n<p>And while we completely agree with Wilson's newly discovered Austrian view of markets - funny how on a long enough timeline everyone turns Austrian - the real question is what will catalyze the next M2 boosting cycle, how high will it push stocks, and will the Fed be forced to come out and start buying equities this time after having nationalized the bond market back in 2020.</p>\n<p>We expect that the answer will be revealed after the next 20% drop at which point all of the Fed's hawkishness will evaporate, and Powell (or his replacement Kashkari) will shift to an uber dovish mode as they prepare to unleash the final and biggest asset bubble of all...</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>Forget Everything You Know: Morgan Stanley Reveals The Only Metric That Determines What The Market Will Do Next</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\">\nForget Everything You Know: Morgan Stanley Reveals The Only Metric That Determines What The Market Will Do Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 14:55 GMT+8 <a href=https://www.zerohedge.com/markets/forget-everything-you-know-morgan-stanley-reveals-only-metric-determines-what-market-will><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Traders of a certain age may recall that back in 2013, around the time the Fed's \"Taper Tantrum\" sparked a surge in yields and led to a risk asset selloff, a big (if entirely artificial) debate ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/forget-everything-you-know-morgan-stanley-reveals-only-metric-determines-what-market-will\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/forget-everything-you-know-morgan-stanley-reveals-only-metric-determines-what-market-will","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177499959","content_text":"Traders of a certain age may recall that back in 2013, around the time the Fed's \"Taper Tantrum\" sparked a surge in yields and led to a risk asset selloff, a big (if entirely artificial) debate emerged within financial media, where the Fed muppets and their media puppets would argue that \"tapering is not tightening\" while anyone with half a brain realized knew that this was total BS.\nFast forward to today when Morgan Stanley's Michael Wilson opens up an old wound for clueless Fed apologists, saying in his latest Weekly Warm Up note that \"TaperingisTightening\"... but then adds that contrary to the market's shocked reaction to last week's Fed meeting, tightening actually began months ago.\nElaborating on this point, Wilson - who several months ago turned into Wall Street's most bearish strategist (again)- writes this morning that while the Fed's pivot to \"begin\" the tightening discussion caught most by surprise, in reality markets began discounting this inevitable process months ago as price action had indicated. It's exactly this discounting of the coming tightening, that is what Michael Wilson's mid-cycle transition is all about, and as the strategist adds, \"fits nicely with our narrative for choppier equity markets and a 10-20% correction for the broader indices this year.\"\nOr to paraphrase Lester Burnham,\"it's all downhill from here\"...and as Wilson predicts, that won't change until M2 growth is done decelerating; or in other words, until the Fed unleashes another liquidity burst into the system \"the transition is incomplete.\"\nHighlights aside, Wilson then elaborates on each point, noting that while last week's Fed meeting brought more uncertainty to markets one thing is becoming more obvious:\"we are on the other side of the mountain with respect to monetary accommodation for this cycle.\"\nFurthermore, having repeatedlywarned that the US is now mid-cycle...\n... Wilson then takes a victory lap writing that what the Fed is doing is \"classic mid cycle transition behavior so investors really shouldn't be too surprised that the Fed would try to begin the long process of tightening.\"\n\n After all, the US economy is booming and expected to grow close to 10 percent this year in nominal terms, a feat last witnessed in 1984. Meanwhile, no matter what one's view is on inflation being transient or not, prices are up significantly and likely higher than what the Fed, or most others were expecting 6 months ago. In other words, the facts and data have changed; therefore, so should Fed policy.\n\nNevertheless, as discussed here extensively, markets reacted as if this was a complete shock with both bonds and stocks trading as if the Fed had hiked rates already (instead of leaving over $2TN in QE still on deck) after the Fed meeting. Starting with bonds, both nominal 10 year yields and breakevens fell significantly. However, breakevens fell more leaving 10 year real rates higher by almost 20 bps Wednesday afternoon.\nWhile real rates did settle back a bit on Thursday and Friday, they have formed what appears to be a very solid base from which they are likely to rise as the economy continues to recover and the Fed appropriately pivots. In Wilson's view, \"this looks very similar to 2013, the year after Peak Fed. Back then, Peak Fed was QE3 which was announced on September 12, 2012. This time Peak Fed was the announcement of Average Inflation Targeting last summer.\"\n\nThat said, there is one notable difference between the taper tantrum and today: in 2013 \"tapering\" QE was a novel concept to markets and it came more abruptly with Bernanke's surprise mention during his congressional testimony on May 22, 2013.This time, the markets understand what tapering is and see its arrival as inevitable as the economy recovers.Therefore, while the path higher for real rates is unlikely to be as dramatic as witnessed in 2013, it is still likely to be higher from here and that is a change that will affect all risk markets, including equities, in Morgan Stanley's view.\nWilson makes one final observation from the chart above, which is how real rates moved substantiallybeforeBernanke's testimony in May 2013, prompting Wilson to notes that \"perhaps it wasn't as much of a surprise as believed, at least to markets. We think it's the same situation today.\"\n\n In our view, the data has been so strong, it would be naive not to think the Fed wasn't moving closer to tapering over the past several months. In fact, the idea that the Fed hasn't been thinking and/or talking about it seems absurd. Surely the market understands this, making the events of the past week not so much of a surprise. It's all part of the mid cycle transition that has been ongoing for months and fits with the choppier price action and unstable market leadership we have been witnessing.\n\nThe underperformance of early cycle stocks is another classic signal the market \"gets it.\" Nevertheless, in talking with clients the past few days, this view is still out of consensus. Most haven't been ready for tighter monetary policy, nor did they think it's something they needed to worry about, until now.\nWrapping up the Fed \"surprise\" part of his note, Wilson writes that contrary to the FOMC shock,monetary tightening actually began months ago if one is looking at the right metric, which to the top Morgan Stanley equity strategist - who emerges as yet another closet Austrian - ismoney supply growth:\n\nIn a world where all of the major developed market central banks are stuck at the zero bound, or lower,\nthe primary metric that determines if monetary policy is getting more or less accommodative is Money Supply Growth.\n\nRealizing that to most Keynesian this will be a controversial statement to say the least, Wilson digs in and says that \"it's absolutely the case and financial markets seem to agree.\" He explains:\n\nWhen money supply is accelerating, the more speculative / riskier assets tend to outperform and when it's decelerating these assets have more trouble. As noted here several times over the past few months, the Fed's balance sheet (M1) growth peaked in mid February and that coincided with a top in many of the most expensive/speculative stocks in the equity market just like the acceleration in the Fed's balance sheet in the prior 12 months contributed to their spectacular performance. Interestingly, the recently flattening out of the growth in M1 has coincided with more stability in these stocks, although they remain well below prior highs (Exhibit 2).\n\nAnd visually:\n\nBut wait there's more, and also an explanation why the Fed has made it virtually impossible to track the weekly change in M2 (the aggregate is now updated only monthly).\nTaking Wilson's argument a step further,M2 growth might be even more important to monitor than M1 because that's the net liquidity available to the economyandmarkets.On that front, the deceleration also began at the end of Februarybut has not yet flattened out and appears to have much further to fall to a more \"normal\" level of annual growth— i.e., 7-8%\n\nMore ominously, this also suggestsliquidity is likely to tighten further from here whether the Fed's begins tapering later this year or next.\nFinally, when we look at M2 data on a global basis, we get the same picture.\n\nWilson concludes that even ahead of last week's \"shock\" FOMC, the market had already started to de-rate lower into a mid-cycle transition as Fed balance sheet growth has materially slowed. Meanwhile, M2 is slowing just as rapidly and has further to fall, especially when the Fed begins to taper later this year or early next. Finally, global money supply growth is also slowing from elevated levels and every major region is contributing.\nThis to Wilson\"looks reminiscent of 2014 and 2018 when markets went through a rolling correction of risky assets\"and he thinks 2021 will prove to be similar in that regard with the highest beta regions falling first (Kospi, China, Japan) and ending with the most defensive (US).\nPutting it all together, the MS strategist writes that \"tapering is tightening but the tightening process began with the rate of change in money supply growth. The good news is thatthe market already knows it.The bad news is thata majority of investors seem to be just catching on with the Fed's \"surprise\" announcement this past week.This means asset prices are far from done correcting as witnessed with the more cyclical, reflationary assets taking their turn the past few weeks.\"\nAnd while we completely agree with Wilson's newly discovered Austrian view of markets - funny how on a long enough timeline everyone turns Austrian - the real question is what will catalyze the next M2 boosting cycle, how high will it push stocks, and will the Fed be forced to come out and start buying equities this time after having nationalized the bond market back in 2020.\nWe expect that the answer will be revealed after the next 20% drop at which point all of the Fed's hawkishness will evaporate, and Powell (or his replacement Kashkari) will shift to an uber dovish mode as they prepare to unleash the final and biggest asset bubble of all...","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":852,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168141142,"gmtCreate":1623968414386,"gmtModify":1631893665451,"author":{"id":"3582116981853587","authorId":"3582116981853587","name":"Wenda1909","avatar":"https://static.tigerbbs.com/0db29f4a2a23b7d054af6c523666523a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582116981853587","authorIdStr":"3582116981853587"},"themes":[],"htmlText":"Interesting ","listText":"Interesting ","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168141142","repostId":"2144774701","repostType":2,"isVote":1,"tweetType":1,"viewCount":988,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168143569,"gmtCreate":1623968380351,"gmtModify":1631893665461,"author":{"id":"3582116981853587","authorId":"3582116981853587","name":"Wenda1909","avatar":"https://static.tigerbbs.com/0db29f4a2a23b7d054af6c523666523a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582116981853587","authorIdStr":"3582116981853587"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168143569","repostId":"2143763826","repostType":2,"repost":{"id":"2143763826","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"T-Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1623787501,"share":"https://ttm.financial/m/news/2143763826?lang=&edition=full","pubTime":"2021-06-16 04:05","market":"us","language":"en","title":"Starbucks Says John Culver Promoted To Group President, North America And Chief Operating Officer","url":"https://stock-news.laohu8.com/highlight/detail?id=2143763826","media":"T-Reuters","summary":"June 15 (Reuters) - Starbucks Corp : :Starbucks Says John Culver Promoted To Group President, North ","content":"<html><body><p>June 15 (Reuters) - Starbucks Corp <sbux.o>: :Starbucks Says John Culver Promoted To Group President, North America And Chief Operating Officer.</sbux.o></p></body></html>","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>Starbucks Says John Culver Promoted To Group President, North America And Chief Operating Officer</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; 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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\">\nStarbucks Says John Culver Promoted To Group President, North America And Chief Operating Officer\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">T-Reuters </p>\n<p class=\"h-time\">2021-06-16 04:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>June 15 (Reuters) - Starbucks Corp <sbux.o>: :Starbucks Says John Culver Promoted To Group President, North America And Chief Operating Officer.</sbux.o></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBUX":"星巴克"},"source_url":"https://www.trkd.thomsonreuters.com","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143763826","content_text":"June 15 (Reuters) - Starbucks Corp : :Starbucks Says John Culver Promoted To Group President, North America And Chief Operating Officer.","news_type":1,"symbols_score_info":{"SBUX":1}},"isVote":1,"tweetType":1,"viewCount":1136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}