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Baby Step 4
Baby Step 4
·
2021-12-22
Lovely
Travel and leisure stocks gained in early trading<blockquote>旅游休闲股早盘上涨</blockquote>
Travel and leisure stocks gained in early trading. UAl, AAL, DAL and LUV shares were up between 4% a
Travel and leisure stocks gained in early trading<blockquote>旅游休闲股早盘上涨</blockquote>
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Baby Step 4
Baby Step 4
·
2021-12-19
Nice 👍🏽
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Baby Step 4
Baby Step 4
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2021-12-16
Cool!
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Baby Step 4
Baby Step 4
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2021-12-11
Nice 👍🏽
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Baby Step 4
Baby Step 4
·
2021-12-01
Great ariticle, would you like to share it?
Grab Heads for Public Market After Investors Approve SPAC Merger<blockquote>投资者批准SPAC合并后Grab进军公开市场</blockquote>
Altimeter Growth Corp. shareholders approved the previously announced business combination with Grab
Grab Heads for Public Market After Investors Approve SPAC Merger<blockquote>投资者批准SPAC合并后Grab进军公开市场</blockquote>
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Baby Step 4
Baby Step 4
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2021-11-19
Wah
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Baby Step 4
Baby Step 4
·
2021-11-19
Oh no
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Baby Step 4
Baby Step 4
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2021-11-02
Interesting
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Baby Step 4
Baby Step 4
·
2021-10-14
So what do we do now ?
Buying The Dip Is Dead<blockquote>逢低买入已死</blockquote>
Summary Buying the dip died when the volatility sellers failed to show up. There's a mechanical rea
Buying The Dip Is Dead<blockquote>逢低买入已死</blockquote>
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Baby Step 4
Baby Step 4
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2021-10-13
Great ariticle, would you like to share it?
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trading<blockquote>旅游休闲股早盘上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154778445","media":"Tiger Newspress","summary":"Travel and leisure stocks gained in early trading. UAl, AAL, DAL and LUV shares were up between 4% a","content":"<p>Travel and leisure stocks gained in early trading. UAl, AAL, DAL and LUV shares were up between 4% and 7%.</p><p><blockquote>旅游和休闲股早盘上涨。UAl、AAL、DAL和LUV股价上涨4%至7%。</blockquote></p><p> CCL, RCL and NCLH shares rose between 5% and 8%.<img src=\"https://static.tigerbbs.com/99687d6e84a5baa64ead27263c83b24f\" tg-width=\"977\" tg-height=\"429\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/73210a8a9af665735a288bce4bf3b1cd\" tg-width=\"998\" tg-height=\"340\" referrerpolicy=\"no-referrer\">The Omicron coronavirus variant is rapidly spreading across the U.S. just as the holiday season’s busiest travel period gets under way.</p><p><blockquote>CCL、RCL和NCLH股价上涨5%至8%。就在假期最繁忙的旅行期开始之际，奥密克戎冠状病毒变种正在美国迅速传播。</blockquote></p><p> However, there appear to be no signs yet of the new variant significantly affecting air travel in the U.S. in the run up to Christmas.</p><p><blockquote>然而，似乎还没有迹象表明这种新变种会在圣诞节前夕对美国的航空旅行产生重大影响。</blockquote></p><p> More than two million people passed through airport security checkpoints on Monday for the fifth consecutive day, according to Transportation Security Administration data. The numbers have been tracking at between 81% and 85% of traveler throughput against the same days in 2019, although the peak holiday travel days are ahead.</p><p><blockquote>根据运输安全管理局的数据，周一连续第五天有超过200万人通过机场安检。尽管假日旅游高峰日即将到来，但与2019年同期相比，这些数字一直在81%至85%之间。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Travel and leisure stocks gained in early trading<blockquote>旅游休闲股早盘上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTravel and leisure stocks gained in early trading<blockquote>旅游休闲股早盘上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-21 23:14</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Travel and leisure stocks gained in early trading. UAl, AAL, DAL and LUV shares were up between 4% and 7%.</p><p><blockquote>旅游和休闲股早盘上涨。UAl、AAL、DAL和LUV股价上涨4%至7%。</blockquote></p><p> CCL, RCL and NCLH shares rose between 5% and 8%.<img src=\"https://static.tigerbbs.com/99687d6e84a5baa64ead27263c83b24f\" tg-width=\"977\" tg-height=\"429\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/73210a8a9af665735a288bce4bf3b1cd\" tg-width=\"998\" tg-height=\"340\" referrerpolicy=\"no-referrer\">The Omicron coronavirus variant is rapidly spreading across the U.S. just as the holiday season’s busiest travel period gets under way.</p><p><blockquote>CCL、RCL和NCLH股价上涨5%至8%。就在假期最繁忙的旅行期开始之际，奥密克戎冠状病毒变种正在美国迅速传播。</blockquote></p><p> However, there appear to be no signs yet of the new variant significantly affecting air travel in the U.S. in the run up to Christmas.</p><p><blockquote>然而，似乎还没有迹象表明这种新变种会在圣诞节前夕对美国的航空旅行产生重大影响。</blockquote></p><p> More than two million people passed through airport security checkpoints on Monday for the fifth consecutive day, according to Transportation Security Administration data. The numbers have been tracking at between 81% and 85% of traveler throughput against the same days in 2019, although the peak holiday travel days are ahead.</p><p><blockquote>根据运输安全管理局的数据，周一连续第五天有超过200万人通过机场安检。尽管假日旅游高峰日即将到来，但与2019年同期相比，这些数字一直在81%至85%之间。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","LUV":"西南航空","RCL":"皇家加勒比邮轮","CCL":"嘉年华邮轮","AAL":"美国航空","DAL":"达美航空","NCLH":"挪威邮轮"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154778445","content_text":"Travel and leisure stocks gained in early trading. UAl, AAL, DAL and LUV shares were up between 4% and 7%.\nCCL, RCL and NCLH shares rose between 5% and 8%.The Omicron coronavirus variant is rapidly spreading across the U.S. just as the holiday season’s busiest travel period gets under way.\nHowever, there appear to be no signs yet of the new variant significantly affecting air travel in the U.S. in the run up to Christmas.\nMore than two million people passed through airport security checkpoints on Monday for the fifth consecutive day, according to Transportation Security Administration data. The numbers have been tracking at between 81% and 85% of traveler throughput against the same days in 2019, although the peak holiday travel days are ahead.","news_type":1,"symbols_score_info":{"DAL":0.9,"LUV":0.9,"AAL":0.9,"NCLH":0.9,"CCL":0.9,"UAL":0.9,"RCL":0.9}},"isVote":1,"tweetType":1,"viewCount":2917,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699785402,"gmtCreate":1639898275018,"gmtModify":1639898276337,"author":{"id":"3585617155516823","authorId":"3585617155516823","name":"Baby Step 4","avatar":"https://static.tigerbbs.com/8ee1c9c06b2929c88e9f5bb3a24cf2d2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585617155516823","idStr":"3585617155516823"},"themes":[],"htmlText":"Nice 👍🏽 ","listText":"Nice 👍🏽 ","text":"Nice 👍🏽","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699785402","repostId":"2192677978","repostType":2,"isVote":1,"tweetType":1,"viewCount":2632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690211632,"gmtCreate":1639668981140,"gmtModify":1639669011907,"author":{"id":"3585617155516823","authorId":"3585617155516823","name":"Baby Step 4","avatar":"https://static.tigerbbs.com/8ee1c9c06b2929c88e9f5bb3a24cf2d2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585617155516823","idStr":"3585617155516823"},"themes":[],"htmlText":"Cool!","listText":"Cool!","text":"Cool!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690211632","repostId":"2191943203","repostType":2,"isVote":1,"tweetType":1,"viewCount":2713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605571728,"gmtCreate":1639200163907,"gmtModify":1639200165105,"author":{"id":"3585617155516823","authorId":"3585617155516823","name":"Baby Step 4","avatar":"https://static.tigerbbs.com/8ee1c9c06b2929c88e9f5bb3a24cf2d2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585617155516823","idStr":"3585617155516823"},"themes":[],"htmlText":"Nice 👍🏽 ","listText":"Nice 👍🏽 ","text":"Nice 👍🏽","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/605571728","repostId":"2190767366","repostType":4,"isVote":1,"tweetType":1,"viewCount":3169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609770628,"gmtCreate":1638332336416,"gmtModify":1638332336927,"author":{"id":"3585617155516823","authorId":"3585617155516823","name":"Baby Step 4","avatar":"https://static.tigerbbs.com/8ee1c9c06b2929c88e9f5bb3a24cf2d2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585617155516823","idStr":"3585617155516823"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609770628","repostId":"1176118155","repostType":2,"repost":{"id":"1176118155","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":1638315561,"share":"https://www.laohu8.com/m/news/1176118155?lang=zh_CN&edition=full","pubTime":"2021-12-01 07:39","market":"us","language":"en","title":"Grab Heads for Public Market After Investors Approve SPAC Merger<blockquote>投资者批准SPAC合并后Grab进军公开市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176118155","media":"Tiger Newspress","summary":"Altimeter Growth Corp. shareholders approved the previously announced business combination with Grab","content":"<p> Altimeter Growth Corp. shareholders approved the previously announced business combination with Grab, Southeast Asia's leading superapp, at an extraordinary meeting of shareholders today.</p><p><blockquote>Altimeter Growth Corp.股东在今天的特别股东大会上批准了之前宣布的与东南亚领先的超级应用程序Grab的业务合并。</blockquote></p><p> Class A common stock is expected to begin trading on the Nasdaq on December 2, 2021 under the ticker symbol \"GRAB.\"</p><p><blockquote>A类普通股预计将于2021年12月2日在纳斯达克开始交易，股票代码为“GRAB”。</blockquote></p><p> Shares of Altimeter Growth Corporation fell 5.8 per cent to close at US$12.72 on Tuesday (Nov 30), after the proposal passed at an extraordinary general meeting. It rebounded slightly in post-market trading.<img src=\"https://static.tigerbbs.com/3c44cc96b82fbb5b8e1da121b6951971\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\">Investors that back a SPAC (special purpose acquisition company) have a chance to redeem their bets at the issue price before the merger is completed. In Grab's case, 0.02 per cent of shares were redeemed, Altimeter said in a statement. Grab's redemption rate could be considered low compared to its US peers, where interest in SPAC deals have sizzled out of late.</p><p><blockquote>Altimeter Growth Corporation的股价周二（11月30日）下跌5.8%，收于12.72美元，此前该提案在临时股东大会上获得通过。盘后小幅反弹。支持SPAC（特殊目的收购公司）的投资者有机会在合并完成前以发行价赎回他们的赌注。Altimeter在一份声明中表示，就Grab而言，0.02%的股份被赎回。与美国同行相比，Grab的赎回率可能被认为较低，美国同行最近对SPAC交易的兴趣高涨。</blockquote></p><p> As a result of the transaction, Grab will receive a US$4.5 billion cash injection, which includes US$4 billion in private investment in public equity arrangement, from the SPAC promoted by Silicon Valley investor Brad Gerstner.</p><p><blockquote>作为交易的结果，Grab将从硅谷投资者Brad Gerstner推动的SPAC获得45亿美元现金注入，其中包括40亿美元的公共股权安排私人投资。</blockquote></p><p> But the road to public markets has been rocky. After Grab unveiled plans to merge with Altimeter Capital Management’s SPAC in a $40 billion deal, they had to postpone the closing to work on an audit of the past three years’ accounts. Meanwhile, regulatory scrutiny of SPACs and a resurgence of fears about Covid-19 infections threatened to derail the agreement.</p><p><blockquote>但通往公开市场的道路并不平坦。Grab公布了以400亿美元的价格与Altimeter Capital Management旗下SPAC合并的计划后，他们不得不推迟交易，以对过去三年的账目进行审计。与此同时，对SPAC的监管审查以及对Covid-19感染的担忧再次出现，有可能破坏该协议。</blockquote></p><p> Singapore-based Grab, led by Chief Executive Officer Anthony Tan, had long been viewed as a marquee company in Southeast Asia and a promising candidate to go public. Tan and co-founder Hooi Ling Tan, backed by SoftBank Group Corp., fought off aggressive competition to become one of the largest ride-hailing and delivery companies in the region -- and the most valuable startup.</p><p><blockquote>总部位于新加坡的Grab由首席执行官Anthony Tan领导，长期以来一直被视为东南亚的知名公司和有前途的上市候选者。Tan和联合创始人Hooi Ling Tan在软银集团（SoftBank Group Corp.）的支持下，战胜了激烈的竞争，成为该地区最大的叫车和送货公司之一，也是最有价值的初创公司。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab Heads for Public Market After Investors Approve SPAC Merger<blockquote>投资者批准SPAC合并后Grab进军公开市场</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab Heads for Public Market After Investors Approve SPAC Merger<blockquote>投资者批准SPAC合并后Grab进军公开市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-01 07:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p> Altimeter Growth Corp. shareholders approved the previously announced business combination with Grab, Southeast Asia's leading superapp, at an extraordinary meeting of shareholders today.</p><p><blockquote>Altimeter Growth Corp.股东在今天的特别股东大会上批准了之前宣布的与东南亚领先的超级应用程序Grab的业务合并。</blockquote></p><p> Class A common stock is expected to begin trading on the Nasdaq on December 2, 2021 under the ticker symbol \"GRAB.\"</p><p><blockquote>A类普通股预计将于2021年12月2日在纳斯达克开始交易，股票代码为“GRAB”。</blockquote></p><p> Shares of Altimeter Growth Corporation fell 5.8 per cent to close at US$12.72 on Tuesday (Nov 30), after the proposal passed at an extraordinary general meeting. It rebounded slightly in post-market trading.<img src=\"https://static.tigerbbs.com/3c44cc96b82fbb5b8e1da121b6951971\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\">Investors that back a SPAC (special purpose acquisition company) have a chance to redeem their bets at the issue price before the merger is completed. In Grab's case, 0.02 per cent of shares were redeemed, Altimeter said in a statement. Grab's redemption rate could be considered low compared to its US peers, where interest in SPAC deals have sizzled out of late.</p><p><blockquote>Altimeter Growth Corporation的股价周二（11月30日）下跌5.8%，收于12.72美元，此前该提案在临时股东大会上获得通过。盘后小幅反弹。支持SPAC（特殊目的收购公司）的投资者有机会在合并完成前以发行价赎回他们的赌注。Altimeter在一份声明中表示，就Grab而言，0.02%的股份被赎回。与美国同行相比，Grab的赎回率可能被认为较低，美国同行最近对SPAC交易的兴趣高涨。</blockquote></p><p> As a result of the transaction, Grab will receive a US$4.5 billion cash injection, which includes US$4 billion in private investment in public equity arrangement, from the SPAC promoted by Silicon Valley investor Brad Gerstner.</p><p><blockquote>作为交易的结果，Grab将从硅谷投资者Brad Gerstner推动的SPAC获得45亿美元现金注入，其中包括40亿美元的公共股权安排私人投资。</blockquote></p><p> But the road to public markets has been rocky. After Grab unveiled plans to merge with Altimeter Capital Management’s SPAC in a $40 billion deal, they had to postpone the closing to work on an audit of the past three years’ accounts. Meanwhile, regulatory scrutiny of SPACs and a resurgence of fears about Covid-19 infections threatened to derail the agreement.</p><p><blockquote>但通往公开市场的道路并不平坦。Grab公布了以400亿美元的价格与Altimeter Capital Management旗下SPAC合并的计划后，他们不得不推迟交易，以对过去三年的账目进行审计。与此同时，对SPAC的监管审查以及对Covid-19感染的担忧再次出现，有可能破坏该协议。</blockquote></p><p> Singapore-based Grab, led by Chief Executive Officer Anthony Tan, had long been viewed as a marquee company in Southeast Asia and a promising candidate to go public. Tan and co-founder Hooi Ling Tan, backed by SoftBank Group Corp., fought off aggressive competition to become one of the largest ride-hailing and delivery companies in the region -- and the most valuable startup.</p><p><blockquote>总部位于新加坡的Grab由首席执行官Anthony Tan领导，长期以来一直被视为东南亚的知名公司和有前途的上市候选者。Tan和联合创始人Hooi Ling Tan在软银集团（SoftBank Group Corp.）的支持下，战胜了激烈的竞争，成为该地区最大的叫车和送货公司之一，也是最有价值的初创公司。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176118155","content_text":"Altimeter Growth Corp. shareholders approved the previously announced business combination with Grab, Southeast Asia's leading superapp, at an extraordinary meeting of shareholders today.\nClass A common stock is expected to begin trading on the Nasdaq on December 2, 2021 under the ticker symbol \"GRAB.\"\nShares of Altimeter Growth Corporation fell 5.8 per cent to close at US$12.72 on Tuesday (Nov 30), after the proposal passed at an extraordinary general meeting. It rebounded slightly in post-market trading.Investors that back a SPAC (special purpose acquisition company) have a chance to redeem their bets at the issue price before the merger is completed. In Grab's case, 0.02 per cent of shares were redeemed, Altimeter said in a statement. Grab's redemption rate could be considered low compared to its US peers, where interest in SPAC deals have sizzled out of late.\nAs a result of the transaction, Grab will receive a US$4.5 billion cash injection, which includes US$4 billion in private investment in public equity arrangement, from the SPAC promoted by Silicon Valley investor Brad Gerstner.\nBut the road to public markets has been rocky. After Grab unveiled plans to merge with Altimeter Capital Management’s SPAC in a $40 billion deal, they had to postpone the closing to work on an audit of the past three years’ accounts. Meanwhile, regulatory scrutiny of SPACs and a resurgence of fears about Covid-19 infections threatened to derail the agreement.\nSingapore-based Grab, led by Chief Executive Officer Anthony Tan, had long been viewed as a marquee company in Southeast Asia and a promising candidate to go public. Tan and co-founder Hooi Ling Tan, backed by SoftBank Group Corp., fought off aggressive competition to become one of the largest ride-hailing and delivery companies in the region -- and the most valuable startup.","news_type":1,"symbols_score_info":{"GRAB":0.9,"AGC":0.9}},"isVote":1,"tweetType":1,"viewCount":2774,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876699029,"gmtCreate":1637299036297,"gmtModify":1637299036845,"author":{"id":"3585617155516823","authorId":"3585617155516823","name":"Baby Step 4","avatar":"https://static.tigerbbs.com/8ee1c9c06b2929c88e9f5bb3a24cf2d2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585617155516823","idStr":"3585617155516823"},"themes":[],"htmlText":"Wah","listText":"Wah","text":"Wah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/876699029","repostId":"2184189467","repostType":4,"isVote":1,"tweetType":1,"viewCount":2663,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876395490,"gmtCreate":1637257919636,"gmtModify":1637257920110,"author":{"id":"3585617155516823","authorId":"3585617155516823","name":"Baby Step 4","avatar":"https://static.tigerbbs.com/8ee1c9c06b2929c88e9f5bb3a24cf2d2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585617155516823","idStr":"3585617155516823"},"themes":[],"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876395490","repostId":"2184899191","repostType":2,"isVote":1,"tweetType":1,"viewCount":3393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":843163109,"gmtCreate":1635813412090,"gmtModify":1635813412576,"author":{"id":"3585617155516823","authorId":"3585617155516823","name":"Baby Step 4","avatar":"https://static.tigerbbs.com/8ee1c9c06b2929c88e9f5bb3a24cf2d2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585617155516823","idStr":"3585617155516823"},"themes":[],"htmlText":"Interesting ","listText":"Interesting ","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/843163109","repostId":"2180209403","repostType":4,"isVote":1,"tweetType":1,"viewCount":2990,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":825898143,"gmtCreate":1634215052519,"gmtModify":1634215052948,"author":{"id":"3585617155516823","authorId":"3585617155516823","name":"Baby Step 4","avatar":"https://static.tigerbbs.com/8ee1c9c06b2929c88e9f5bb3a24cf2d2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585617155516823","idStr":"3585617155516823"},"themes":[],"htmlText":"So what do we do now ?","listText":"So what do we do now ?","text":"So what do we do now ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/825898143","repostId":"1111412750","repostType":4,"repost":{"id":"1111412750","kind":"news","pubTimestamp":1634182832,"share":"https://www.laohu8.com/m/news/1111412750?lang=zh_CN&edition=full","pubTime":"2021-10-14 11:40","market":"us","language":"en","title":"Buying The Dip Is Dead<blockquote>逢低买入已死</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1111412750","media":"seekingalpha","summary":"Summary\n\nBuying the dip died when the volatility sellers failed to show up.\nThere's a mechanical rea","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul> <li>Buying the dip died when the volatility sellers failed to show up.</li> <li>There's a mechanical reason why the market has not \"bounced back.\"</li> <li>That mechanical reason has broken down due to fundamental shifts.</li> </ul> The market has been melting, and that \"buy the dip\" mentality seems to be in trouble. There's an excellent reason for why buying the dip hasn't worked, and probably why it won't work this time around either. All you have to do is look at the VIX and the SKEW indexes to understand why.</p><p><blockquote><ul><li>当波动性卖家未能出现时，逢低买入就死了。</li><li>市场没有“反弹”有一个机械原因。</li><li>由于根本性的转变，这种机械原因已经被打破。</li></ul>市场一直在融化，那种“逢低买入”的心态似乎遇到了麻烦。有一个很好的理由解释为什么逢低买入没有奏效，而且可能这次也不会奏效。你所要做的就是看看VIX和偏斜指数，就能明白为什么。</blockquote></p><p> Falling volatility has been a lynchpin of propping up the market every time it falters since the COVID low. Every time the market sank, the VIX would spike higher. Then, a swarm of traders would come in looking to short volatility, which would send the VIX lower, pushing the S&P 500 higher. However, that component of the market appears to be gone. The VIX has been steadily rising since June, with higher lows. More recently, the VIX hasn't been able to get below 18, and each drop in the S&P 500 has seen lower highs.</p><p><blockquote>自新冠疫情低点以来，波动性下降一直是支撑市场每次出现动摇的关键。每次市场下跌，VIX都会飙升。然后，一群交易者会进来寻求做空波动性，这将导致VIX走低，推高标普500。然而，市场的这一部分似乎已经消失了。VIX自6月以来一直稳步上升，低点较高。最近，VIX未能跌破18，标普500的每次下跌都会出现较低的高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d40186560f397cc6ebdc4e85ba18725\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Additionally, the SKEW index has cratered in recent weeks. It's because traders that have been betting on volatility falling have likely been shorting at-the-money forms of it, and to hedge those positions, they have been buying out-of-money forms. It's why the SKEW index reached record highs in June as the VIX hit its lows.</p><p><blockquote>此外，偏斜指数最近几周有所下降。这是因为一直押注波动性下降的交易者可能一直在做空平价形式的波动性，为了对冲这些头寸，他们一直在买入价外形式的波动性。这就是为什么SKEW指数在6月份创下历史新高，而VIX则触及低点。</blockquote></p><p> The SKEW index wasn't rising into June 2021 because traders were trying to hedge against tail risk or an unforeseen event. The SKEW index was rising as a hedge against short volatility positions.</p><p><blockquote>SKEW指数在2021年6月没有上升，因为交易者试图对冲尾部风险或不可预见的事件。作为对波动性空头头寸的对冲，SKEW指数正在上升。</blockquote></p><p> If volatility sellers do not return to this market, then a big piece of why the market always has been able to bounce back so quickly on every dip will be gone. Buying the dip will simply not work.</p><p><blockquote>如果波动性卖家不重返这个市场，那么为什么市场总是能够在每次下跌时如此迅速地反弹的很大一部分将消失。逢低买入根本行不通。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d92c33e67c289d5c9d1e8d0d6ec74b5d\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> But with QE likely on its way out, financial conditions are likely to tighten as a result. It seems that volatility sellers have gone missing for a good reason. If that's the case, the considerable risk in the market isn't going to be the fear of missing out. The substantial risk is a meltdown, not all that dissimilar to that of 2018, which I have noted on several occasions many of the same similarities of today to back then.</p><p><blockquote>但随着量化宽松可能退出，金融状况可能会因此收紧。波动性卖家的消失似乎是有充分理由的。如果是这样的话，市场上相当大的风险就不会是害怕错过了。实质性的风险是崩溃，与2018年没有太大不同，我在几个场合注意到今天与当时有许多相似之处。</blockquote></p><p> The dollar index may be a big piece of that. It has been surging higher, and that the S&P 500 has been trading precisely the opposite to the dollar's move. When the dollar has been strengthening, the S&P 500 has been falling and vice versa. The dollar is telling us that tapering is coming and very soon. The stock market knows what this means too, and it isn't good for stocks.</p><p><blockquote>美元指数可能是其中很大一部分。它一直在飙升，而标普500的交易与美元的走势完全相反。当美元一直走强时，标普500一直在下跌，反之亦然。美元告诉我们，缩减规模即将到来，而且很快就会到来。股市也知道这意味着什么，这对股市不利。</blockquote></p><p> The two-year Treasury rate has also been creeping higher and now stands at more than 35 bps. The two-year most likely needs to rise much more if the Fed is tapering. By the time the QE taper ended in October 2014, the two-year was around 50 to 60 bps. That means the two-year now has further to climb as this process commences potentially as soon as the November FOMC meeting.</p><p><blockquote>两年期国债利率也一直在攀升，目前已超过35个基点。如果美联储缩减规模，两年期国债很可能需要上涨更多。到2014年10月QE缩减结束时，两年期利率约为50至60个基点。这意味着两年期利率现在必须进一步攀升，因为这一过程可能会在11月FOMC会议上开始。</blockquote></p><p> Despite the stronger dollar, the 10-year has been falling, and that's because the market is picking up on what I have been telling you for months. Growth rates here in the US and around the globe have been slowing and are now near stall speed. They have gotten so slow here in the US that the Atlanta Fed GDPNow is now projecting just a 1.3% third quarter growth rate, an enormous drop from the second-quarter reading of 6.7%.</p><p><blockquote>尽管美元走强，但10年期国债一直在下跌，这是因为市场正在接受我几个月来一直告诉你的内容。美国和全球的增长率一直在放缓，现在接近失速速度。美国的增长速度如此缓慢，以至于亚特兰大联储GDPNow目前预计第三季度增长率仅为1.3%，较第二季度的6.7%大幅下降。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ce210603773584da38e4fbf054f31ba9\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The market knows that a strong dollar in regular times exports inflationary forces aboard in countries that buy commodities, finances debt, or conduct business in dollars. It's a global growth killer. On top of that, rising prices for things like energy are already likely to slow growth, and now with the dollar rising, it makes the problem even more prominent. It is driving the rates on the long-end of the curve lower and flattening the yield curve.</p><p><blockquote>市场知道，在正常时期，强势美元会向购买大宗商品、为债务融资或以美元开展业务的国家输出通胀力量。这是全球增长杀手。最重要的是，能源等价格上涨已经可能会减缓经济增长，现在随着美元升值，这使得问题更加突出。它正在压低曲线长端的利率并使收益率曲线变平。</blockquote></p><p> This time is different from previous pullbacks. This is why this time the pullback is only in its early phases. Earnings estimates have started to come down, and they are likely to come down further because if one thing is crystal clear, GDP growth expectations were way off base, and means that it is highly likely that earnings estimates are way off base, which means earnings growth rates will be heading lower or top of what they have declined.</p><p><blockquote>这次不同于以往的回调。这就是为什么这次回调只是处于早期阶段。盈利预期已经开始下降，而且可能会进一步下降，因为如果有一件事非常清楚，那就是GDP增长预期与基础相差甚远，这意味着盈利预期很可能与基础相差甚远，这意味着盈利增长率将下降或高于下降水平。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/b784f4142c7b91a6c36b4c8d263db047\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It's just a matter of when the stock market realizes that a Fed tapering event will push the dollar index even higher at the worst possible time resulting in a massive global growth scare. Perhaps the biggest reason why the volatility sellers have left the building.</p><p><blockquote>这只是股市何时意识到美联储缩减规模事件将在最糟糕的时候推高美元指数，从而导致大规模的全球增长恐慌的问题。也许这是波动性卖家离开大楼的最大原因。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buying The Dip Is Dead<blockquote>逢低买入已死</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuying The Dip Is Dead<blockquote>逢低买入已死</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-10-14 11:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul> <li>Buying the dip died when the volatility sellers failed to show up.</li> <li>There's a mechanical reason why the market has not \"bounced back.\"</li> <li>That mechanical reason has broken down due to fundamental shifts.</li> </ul> The market has been melting, and that \"buy the dip\" mentality seems to be in trouble. There's an excellent reason for why buying the dip hasn't worked, and probably why it won't work this time around either. All you have to do is look at the VIX and the SKEW indexes to understand why.</p><p><blockquote><ul><li>当波动性卖家未能出现时，逢低买入就死了。</li><li>市场没有“反弹”有一个机械原因。</li><li>由于根本性的转变，这种机械原因已经被打破。</li></ul>市场一直在融化，那种“逢低买入”的心态似乎遇到了麻烦。有一个很好的理由解释为什么逢低买入没有奏效，而且可能这次也不会奏效。你所要做的就是看看VIX和偏斜指数，就能明白为什么。</blockquote></p><p> Falling volatility has been a lynchpin of propping up the market every time it falters since the COVID low. Every time the market sank, the VIX would spike higher. Then, a swarm of traders would come in looking to short volatility, which would send the VIX lower, pushing the S&P 500 higher. However, that component of the market appears to be gone. The VIX has been steadily rising since June, with higher lows. More recently, the VIX hasn't been able to get below 18, and each drop in the S&P 500 has seen lower highs.</p><p><blockquote>自新冠疫情低点以来，波动性下降一直是支撑市场每次出现动摇的关键。每次市场下跌，VIX都会飙升。然后，一群交易者会进来寻求做空波动性，这将导致VIX走低，推高标普500。然而，市场的这一部分似乎已经消失了。VIX自6月以来一直稳步上升，低点较高。最近，VIX未能跌破18，标普500的每次下跌都会出现较低的高点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7d40186560f397cc6ebdc4e85ba18725\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Additionally, the SKEW index has cratered in recent weeks. It's because traders that have been betting on volatility falling have likely been shorting at-the-money forms of it, and to hedge those positions, they have been buying out-of-money forms. It's why the SKEW index reached record highs in June as the VIX hit its lows.</p><p><blockquote>此外，偏斜指数最近几周有所下降。这是因为一直押注波动性下降的交易者可能一直在做空平价形式的波动性，为了对冲这些头寸，他们一直在买入价外形式的波动性。这就是为什么SKEW指数在6月份创下历史新高，而VIX则触及低点。</blockquote></p><p> The SKEW index wasn't rising into June 2021 because traders were trying to hedge against tail risk or an unforeseen event. The SKEW index was rising as a hedge against short volatility positions.</p><p><blockquote>SKEW指数在2021年6月没有上升，因为交易者试图对冲尾部风险或不可预见的事件。作为对波动性空头头寸的对冲，SKEW指数正在上升。</blockquote></p><p> If volatility sellers do not return to this market, then a big piece of why the market always has been able to bounce back so quickly on every dip will be gone. Buying the dip will simply not work.</p><p><blockquote>如果波动性卖家不重返这个市场，那么为什么市场总是能够在每次下跌时如此迅速地反弹的很大一部分将消失。逢低买入根本行不通。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d92c33e67c289d5c9d1e8d0d6ec74b5d\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> But with QE likely on its way out, financial conditions are likely to tighten as a result. It seems that volatility sellers have gone missing for a good reason. If that's the case, the considerable risk in the market isn't going to be the fear of missing out. The substantial risk is a meltdown, not all that dissimilar to that of 2018, which I have noted on several occasions many of the same similarities of today to back then.</p><p><blockquote>但随着量化宽松可能退出，金融状况可能会因此收紧。波动性卖家的消失似乎是有充分理由的。如果是这样的话，市场上相当大的风险就不会是害怕错过了。实质性的风险是崩溃，与2018年没有太大不同，我在几个场合注意到今天与当时有许多相似之处。</blockquote></p><p> The dollar index may be a big piece of that. It has been surging higher, and that the S&P 500 has been trading precisely the opposite to the dollar's move. When the dollar has been strengthening, the S&P 500 has been falling and vice versa. The dollar is telling us that tapering is coming and very soon. The stock market knows what this means too, and it isn't good for stocks.</p><p><blockquote>美元指数可能是其中很大一部分。它一直在飙升，而标普500的交易与美元的走势完全相反。当美元一直走强时，标普500一直在下跌，反之亦然。美元告诉我们，缩减规模即将到来，而且很快就会到来。股市也知道这意味着什么，这对股市不利。</blockquote></p><p> The two-year Treasury rate has also been creeping higher and now stands at more than 35 bps. The two-year most likely needs to rise much more if the Fed is tapering. By the time the QE taper ended in October 2014, the two-year was around 50 to 60 bps. That means the two-year now has further to climb as this process commences potentially as soon as the November FOMC meeting.</p><p><blockquote>两年期国债利率也一直在攀升，目前已超过35个基点。如果美联储缩减规模，两年期国债很可能需要上涨更多。到2014年10月QE缩减结束时，两年期利率约为50至60个基点。这意味着两年期利率现在必须进一步攀升，因为这一过程可能会在11月FOMC会议上开始。</blockquote></p><p> Despite the stronger dollar, the 10-year has been falling, and that's because the market is picking up on what I have been telling you for months. Growth rates here in the US and around the globe have been slowing and are now near stall speed. They have gotten so slow here in the US that the Atlanta Fed GDPNow is now projecting just a 1.3% third quarter growth rate, an enormous drop from the second-quarter reading of 6.7%.</p><p><blockquote>尽管美元走强，但10年期国债一直在下跌，这是因为市场正在接受我几个月来一直告诉你的内容。美国和全球的增长率一直在放缓，现在接近失速速度。美国的增长速度如此缓慢，以至于亚特兰大联储GDPNow目前预计第三季度增长率仅为1.3%，较第二季度的6.7%大幅下降。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ce210603773584da38e4fbf054f31ba9\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> The market knows that a strong dollar in regular times exports inflationary forces aboard in countries that buy commodities, finances debt, or conduct business in dollars. It's a global growth killer. On top of that, rising prices for things like energy are already likely to slow growth, and now with the dollar rising, it makes the problem even more prominent. It is driving the rates on the long-end of the curve lower and flattening the yield curve.</p><p><blockquote>市场知道，在正常时期，强势美元会向购买大宗商品、为债务融资或以美元开展业务的国家输出通胀力量。这是全球增长杀手。最重要的是，能源等价格上涨已经可能会减缓经济增长，现在随着美元升值，这使得问题更加突出。它正在压低曲线长端的利率并使收益率曲线变平。</blockquote></p><p> This time is different from previous pullbacks. This is why this time the pullback is only in its early phases. Earnings estimates have started to come down, and they are likely to come down further because if one thing is crystal clear, GDP growth expectations were way off base, and means that it is highly likely that earnings estimates are way off base, which means earnings growth rates will be heading lower or top of what they have declined.</p><p><blockquote>这次不同于以往的回调。这就是为什么这次回调只是处于早期阶段。盈利预期已经开始下降，而且可能会进一步下降，因为如果有一件事非常清楚，那就是GDP增长预期与基础相差甚远，这意味着盈利预期很可能与基础相差甚远，这意味着盈利增长率将下降或高于下降水平。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/b784f4142c7b91a6c36b4c8d263db047\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> It's just a matter of when the stock market realizes that a Fed tapering event will push the dollar index even higher at the worst possible time resulting in a massive global growth scare. Perhaps the biggest reason why the volatility sellers have left the building.</p><p><blockquote>这只是股市何时意识到美联储缩减规模事件将在最糟糕的时候推高美元指数，从而导致大规模的全球增长恐慌的问题。也许这是波动性卖家离开大楼的最大原因。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4459696-buying-the-dip-is-dead\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4459696-buying-the-dip-is-dead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111412750","content_text":"Summary\n\nBuying the dip died when the volatility sellers failed to show up.\nThere's a mechanical reason why the market has not \"bounced back.\"\nThat mechanical reason has broken down due to fundamental shifts.\n\nThe market has been melting, and that \"buy the dip\" mentality seems to be in trouble. There's an excellent reason for why buying the dip hasn't worked, and probably why it won't work this time around either. All you have to do is look at the VIX and the SKEW indexes to understand why.\nFalling volatility has been a lynchpin of propping up the market every time it falters since the COVID low. Every time the market sank, the VIX would spike higher. Then, a swarm of traders would come in looking to short volatility, which would send the VIX lower, pushing the S&P 500 higher. However, that component of the market appears to be gone. The VIX has been steadily rising since June, with higher lows. More recently, the VIX hasn't been able to get below 18, and each drop in the S&P 500 has seen lower highs.\n\nAdditionally, the SKEW index has cratered in recent weeks. It's because traders that have been betting on volatility falling have likely been shorting at-the-money forms of it, and to hedge those positions, they have been buying out-of-money forms. It's why the SKEW index reached record highs in June as the VIX hit its lows.\nThe SKEW index wasn't rising into June 2021 because traders were trying to hedge against tail risk or an unforeseen event. The SKEW index was rising as a hedge against short volatility positions.\nIf volatility sellers do not return to this market, then a big piece of why the market always has been able to bounce back so quickly on every dip will be gone. Buying the dip will simply not work.\n\nBut with QE likely on its way out, financial conditions are likely to tighten as a result. It seems that volatility sellers have gone missing for a good reason. If that's the case, the considerable risk in the market isn't going to be the fear of missing out. The substantial risk is a meltdown, not all that dissimilar to that of 2018, which I have noted on several occasions many of the same similarities of today to back then.\nThe dollar index may be a big piece of that. It has been surging higher, and that the S&P 500 has been trading precisely the opposite to the dollar's move. When the dollar has been strengthening, the S&P 500 has been falling and vice versa. The dollar is telling us that tapering is coming and very soon. The stock market knows what this means too, and it isn't good for stocks.\nThe two-year Treasury rate has also been creeping higher and now stands at more than 35 bps. The two-year most likely needs to rise much more if the Fed is tapering. By the time the QE taper ended in October 2014, the two-year was around 50 to 60 bps. That means the two-year now has further to climb as this process commences potentially as soon as the November FOMC meeting.\nDespite the stronger dollar, the 10-year has been falling, and that's because the market is picking up on what I have been telling you for months. Growth rates here in the US and around the globe have been slowing and are now near stall speed. They have gotten so slow here in the US that the Atlanta Fed GDPNow is now projecting just a 1.3% third quarter growth rate, an enormous drop from the second-quarter reading of 6.7%.\n\nThe market knows that a strong dollar in regular times exports inflationary forces aboard in countries that buy commodities, finances debt, or conduct business in dollars. It's a global growth killer. On top of that, rising prices for things like energy are already likely to slow growth, and now with the dollar rising, it makes the problem even more prominent. It is driving the rates on the long-end of the curve lower and flattening the yield curve.\nThis time is different from previous pullbacks. This is why this time the pullback is only in its early phases. Earnings estimates have started to come down, and they are likely to come down further because if one thing is crystal clear, GDP growth expectations were way off base, and means that it is highly likely that earnings estimates are way off base, which means earnings growth rates will be heading lower or top of what they have declined.\n\nIt's just a matter of when the stock market realizes that a Fed tapering event will push the dollar index even higher at the worst possible time resulting in a massive global growth scare. Perhaps the biggest reason why the volatility sellers have left the building.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822631337,"gmtCreate":1634123896480,"gmtModify":1634123896954,"author":{"id":"3585617155516823","authorId":"3585617155516823","name":"Baby Step 4","avatar":"https://static.tigerbbs.com/8ee1c9c06b2929c88e9f5bb3a24cf2d2","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585617155516823","idStr":"3585617155516823"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/822631337","repostId":"1104360269","repostType":4,"isVote":1,"tweetType":1,"viewCount":3340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}