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LEEKT
LEEKT
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2021-06-28
[傲娇]
Valuations Are Extreme. Stocks Can Still Go Up
It all depends on earnings fulfilling rosy expectations. Somehow or other, the U.S. stock market is
Valuations Are Extreme. Stocks Can Still Go Up
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2021-06-25
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非常抱歉，此主贴已删除
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2021-06-24
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2021-06-22
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Torchlight Energy, Bitcoin, Jerome Powell: 5 Things You Must Know Tuesday
Stock futures fall modestly ahead of testimony from Federal Reserve Chairman Jerome Powell; Bitcoin
Torchlight Energy, Bitcoin, Jerome Powell: 5 Things You Must Know Tuesday
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2021-06-21
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2021-06-18
[白眼]
Morgan Stanley upgrades Occidental on higher oil prices, predicts 40% gain
High oil prices and lower capital expenses should lead oil stocks to throw off cash, and investors s
Morgan Stanley upgrades Occidental on higher oil prices, predicts 40% gain
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2021-06-17
[正经]
Gold slides to over 1-month low after Fed's hawkish tilt
* Fed now projects first rate hike in 2023 * U.S. dollar advances to two-month peak * Gold fell over
Gold slides to over 1-month low after Fed's hawkish tilt
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2021-06-16
[开心]
Toyota thanks shareholders for support after shares hit record high
TOYOTA CITY (Reuters) - Toyota Motor Corp's shares reached a record high on Wednesday, earning a rar
Toyota thanks shareholders for support after shares hit record high
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Stocks Can Still Go Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1197233389","media":"Bloomberg","summary":"It all depends on earnings fulfilling rosy expectations.\nSomehow or other, the U.S. stock market is ","content":"<p>It all depends on earnings fulfilling rosy expectations.</p>\n<p>Somehow or other, the U.S. stock market is at yet another all-time high. The S&P 500 has risen 91.3% from its Covid panic low last March. With the year not quite half gone, it is up 14%. These are very impressive results, particularly with the latest consumer price index data showing the worst inflation in main street prices in almost three decades.</p>\n<p>The U.S. is also running a long way ahead of the rest of the world. The MSCI World Excluding the U.S. index is somewhat below the high it set earlier in June. In the long run, the difference between the two is extraordinary. It was only a couple of weeks ago that the world excluding the U.S. topped its previous all-time high, set on the ominous date of Oct. 31, 2007. As of Friday’s close, the index is 0.18% higher than it was on Halloween 14 years ago. I couldn’t be bothered to get the Bloomberg terminal to calculate that as an annualized rate. Here is how the indexes have compared since that pre-global financial crisis peak:</p>\n<p><img src=\"https://static.tigerbbs.com/412e67e47fa984f5c40b44087ab5fb99\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>There are some obvious explanations for this. All the biggest winners from the growth of the internet and online commerce have been American; the euro zone inflicted the sovereign debt crisis on itself for much of the last decade; the Federal Reserve was far faster and more enthusiastic to prime the pump with quantitative easing asset purchases. But still, the U.S. economy continues to cause great discontent amid the population at large, and it’s not as though the rest of the world has suffered anything like the Great Depression, outside small pockets such as Greece.</p>\n<p>If there is a long-term driver, it is corporate earnings. The following remarkable chart comes from Doug Ramsey of the Leuthold Group in Minneapolis:</p>\n<p><img src=\"https://static.tigerbbs.com/8bf73c190e0872edc313b371ecc524d3\" tg-width=\"1199\" tg-height=\"999\"></p>\n<p>Since that Halloween peak, there has been an astounding 90% correlation between different countries’ growth in earnings per share and the change in the value of their stock markets (as measured by MSCI). And, almost equally astoundingly, most developed countries have seen earnings fall over the last 14 years. That means that the U.S. has performed much better than the rest. The only country to come close is Denmark (powered by Novo Nordisk A/S, which has increased sixfold since Halloween 2007).</p>\n<p>Overall, earnings are down outside the U.S., including developed and emerging markets. This is the same chart I began with, but this time showing Bloomberg’s estimate of forward earnings, rather than share prices. The two charts do look similar:</p>\n<p><img src=\"https://static.tigerbbs.com/9c20f0bb74adbe3209d45c7ad73f6d66\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Ramsey points out that a weakening currency will make U.S. companies’ profits look even better in dollar terms, so the dominance is unlikely to be shaken any time soon. But the broader point remains:</p>\n<blockquote>\n <i>We often joke about the over-optimism of earnings forecasts, but this is ridiculous. In 2021 - with much of the world engaged in QE for a decade or longer and short-term interest rates either at, near, or below zero — most countries are struggling to put up earnings per share levels that analysts once deemed likely for 2008.</i>\n</blockquote>\n<p>How to explain this? Plainly, this speaks to excruciatingly poor economic performance in much of the world. This may not have been a depression, but growth has been slow since the crisis. There is also an anti-American argument for the many people who want to make it. U.S. authorities have allowed a number of internet groups to buy up their competitors and become deeply entrenched, and they are now busily eating up profits that would once have accrued to companies in other countries. It’s no wonder that European competition authorities are getting aggressive about this. And there is a positive American argument: The internet, which originated in the U.S. military-industrial complex, has allowed corporate America to innovate and grow in a way that has eluded everyone else.</p>\n<p>Leaving that long-term argument to one side, the short-term implication is that even if price-earnings ratios look extremely high (which they do, particularly in the U.S.), it is plenty possible for share prices to rise even as multiples fall, if profits keep expanding. This chart of global equity returns is from Ian Harnett of Absolute Strategy Research Ltd. in London. It decomposes growth due to dividends, earnings growth, and multiple expansion. Over the last 12 months, in which equities have somehow returned 39.7%, widening P/E ratios have accounted for most of the gain:</p>\n<p><img src=\"https://static.tigerbbs.com/4f338d0eea4a054071d7602fae867ed8\" tg-width=\"1562\" tg-height=\"1102\"></p>\n<p>It is only rational to assume that valuations will come down. However, the experience of 2010-2011, highlighted in the chart, shows that it’s still possible for stock markets to gain in these circumstances. The start of that period was a messy year filled with gloom over currency debasement, the debt-ceiling row in the U.S., and the beginning of the euro-zone debt crisis; but earnings still grew by enough to counterbalance the fall in multiples, and stocks rose. A “benign compression” in valuations can happen. If we suffer a liquidity shock or another unexpected blow from the pandemic (of which more below), then valuations make it very hard for stocks to make more progress. But there is a possibility of growth from here.</p>\n<p>To end with a note of caution, however, Absolute Strategy also breaks down global equity returns since 1975 into earnings and multiple expansion. Differences in earnings in the post-crisis era have determined which markets have won and which have lost, but in the longer term, multiples have been far more influential in driving returns.</p>\n<p><img src=\"https://static.tigerbbs.com/02e0003916dd8c51e37749191efe213c\" tg-width=\"1356\" tg-height=\"876\"></p>\n<p>The bottom line? Earnings season, three weeks away now, probably matters more for stock prices than the rash of macro data that will start at the end of this week with ISM surveys and U.S. non-farm payrolls. There had better not be too many negative surprises. With valuations so high, it behooves everyone to be aware of the risks of a fall. But it also behooves those (like me) who’ve been warning about the risks of excessive valuations to accept that there’s still a way that markets could gain further from here, if earnings fulfill rosy expectations.</p>\n<p><b>Cautionary Tale From Home</b></p>\n<p>The most dangerous risks are the ones we don’t understand, or don’t see. All of us, including plenty with medical knowledge, have learned what we don’t know about infectious diseases and their effects on the economy over the last 18 months. So I offer the following case with due humility. It would seriously be a good idea to keep an eye on the pandemic in the U.K. in the next few weeks. This is how the trend in daily cases has moved since the beginning of the outbreak last year:</p>\n<p><img src=\"https://static.tigerbbs.com/aadeda27d4f18fd5306b22c419e5fd17\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Obviously, the rise in infections should concern everyone. To recap, the U.K. proved to be a test experiment first on the British variant, then on being the first developed country to execute a successful mass vaccination program, and is now the first developed country to host an outbreak of the delta variant. A big vaccination campaign hasn’t stopped another wave of infections and hospitalizations. So far it hasn’t led to a significant rise in deaths:</p>\n<p><img src=\"https://static.tigerbbs.com/b7d9e1223fbbb5157263477b9305f0fa\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>What do we need to learn in the next few weeks? The disaster scenario involves the variant gaining further in strength, and hospitalizing and killing more people — even if they have been fully vaccinated, as a significant proportion of current patients have been. If deaths stay this low, and the variant doesn't inflict long-term negative consequences on patients, it could almost be seen as good news; the vaccination campaign has saved the lives of the most vulnerable, and the latest outbreak is most serious among younger people who are less likely to be vaccinated, and also less likely to be in mortal danger. This could be the final stage toward reaching “herd immunity” for the U.K.</p>\n<p>One alarming implication of the U.K. experience, however, is that even a massive vaccination campaign doesn’t get us to herd immunity. At one point there were optimistic projections that only about a quarter of people needed to be infected or vaccinated. Now it looks as though that number is much, much higher. And the longer we wait for herd immunity, the longer the virus has a chance to develop new variants, which may prove resistant to vaccines.</p>\n<p>As it stands, the base scenario, which many are beginning to regard as a certainty, is that the pandemic is on its last legs. That is still a reasonable prospect. But the British experience has already had real world economic effects. Reopening has been postponed for a month, and the Bank of England might well have tapered its support for markets last month had it not been for this renewed outbreak. There is no reason for terror, but every reason for investors to keep a close eye on Covid figures, particularly for now in the U.K.</p>\n<p><b>Authers Indicators</b></p>\n<p>The latest update of Authers Indicators (the glorious name, which wasn’t my idea, for our inflation heat map) ishere. You need to squint to see the changes from last week, as there haven’t been many new economic releases. In brief, market breakevens turned up a little, as did commodity prices, to make up for the overreaction to the Federal Open Market Committee meeting the week before. This leaves most of them plumb in the middle of their range for the last 10 years. Among raw material prices, lumber futures are fast coming back down to earth, as predicted and hoped by many, while the CRB RIND index, second from right in the raw-material prices row, continues to rise. This is of interest because it covers commodities that aren’t available on futures markets, and therefore should be a purer representation of demand and supply pressures, and not affected by swings in sentiment about the Fed.</p>\n<p>The one serious extreme square is rental car inflation. It would be disconcerting if that cell weren’t much paler blue after the next CPI data. The broad overview remains; the official data are plainly elevated, and consumer and business surveys continue to show concern; investors and economists are relatively unconcerned, while wage growth remains under control. There is inflation, but everything so far is consistent with it proving to be transitory. Keep watching this space.</p>\n<p><img src=\"https://static.tigerbbs.com/2dbc87c7c9c26f4f27b16f3d0d2246d1\" tg-width=\"658\" tg-height=\"454\"></p>\n<p><b>Risks & Rewards</b></p>\n<p>Lisa Abramowicz and I held our third livestreamed conversation on the markets on Friday, and we hope that it will help you get ready for next week. Lisa started by commenting that markets seemed to have lapsed into a post-FOMC stupor, as if nothing, even a taper, really mattered. That led to an attempt to trademark the phrase “taper stupor.” It’s almost as good as “taper tantrum” but slightly harder to pronounce.</p>\n<p>As you might guess, both of us are rather concerned about complacency, and the difficulty people seem to be having with even imagining what might go wrong from here in markets. There’s certainly a reasonable base case that things go well, but it’s best to remain humble, particularly when one of the primary risks is biological, not financial or economic. You can find the conversation here.</p>\n<p><img src=\"https://static.tigerbbs.com/dc0b64f70636ef1ef2dc5794db56e959\" tg-width=\"643\" tg-height=\"438\"></p>\n<p><b>Omissions</b></p>\n<p>In last week’s discussion of bond factors going back to Waterloo, based on a paper from the quants at Robeco, I forgot to provide a link to the paper. You can find it here. My apologies for the omission.</p>\n<p><b>Survival Tips</b></p>\n<p>I still have sport on the brain, I’m afraid. As Denmark are proving one of the wonderful stories of the European Championships, let me remind everyone of my favorite Danish export to help me get through the pandemic, the TV series <i>Borgen</i>, which is still streaming on Netflix. It’s a fantastic, twisting and turning drama about Danish politics. Imagine a rather strange hybrid of<i>The West Wing</i>and<i>The Girl with the Dragon Tattoo</i>, and you get the idea. Perfect binge viewing. Meanwhile, for those who had never heard of Christian Eriksen before he became famous for suffering cardiac unrest on the field in the Euros, hereare some of the goals he scored for Spurs as he became a star.</p>\n<p>Meanwhile, in baseball the Red Sox have just completed their second successive sweep of the Yankees. A very welcome improvement on last year. I’ve been lucky to be in Yankee Stadium for some great Sox moments in recent years. So, here are some home runs from Rafael Devers in 2017,Brock Holt in 2018(to complete the cycle), and Bobby Dalbecearlier this month. I had a great view of all of them. May they never get old. Have a great week, everyone.</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>Valuations Are Extreme. Stocks Can Still Go Up</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\">\nValuations Are Extreme. Stocks Can Still Go Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 17:11 GMT+8 <a href=https://www.bloomberg.com/opinion/articles/2021-06-28/valuations-are-extreme-stocks-can-still-go-up><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It all depends on earnings fulfilling rosy expectations.\nSomehow or other, the U.S. stock market is at yet another all-time high. The S&P 500 has risen 91.3% from its Covid panic low last March. With ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-06-28/valuations-are-extreme-stocks-can-still-go-up\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-06-28/valuations-are-extreme-stocks-can-still-go-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197233389","content_text":"It all depends on earnings fulfilling rosy expectations.\nSomehow or other, the U.S. stock market is at yet another all-time high. The S&P 500 has risen 91.3% from its Covid panic low last March. With the year not quite half gone, it is up 14%. These are very impressive results, particularly with the latest consumer price index data showing the worst inflation in main street prices in almost three decades.\nThe U.S. is also running a long way ahead of the rest of the world. The MSCI World Excluding the U.S. index is somewhat below the high it set earlier in June. In the long run, the difference between the two is extraordinary. It was only a couple of weeks ago that the world excluding the U.S. topped its previous all-time high, set on the ominous date of Oct. 31, 2007. As of Friday’s close, the index is 0.18% higher than it was on Halloween 14 years ago. I couldn’t be bothered to get the Bloomberg terminal to calculate that as an annualized rate. Here is how the indexes have compared since that pre-global financial crisis peak:\n\nThere are some obvious explanations for this. All the biggest winners from the growth of the internet and online commerce have been American; the euro zone inflicted the sovereign debt crisis on itself for much of the last decade; the Federal Reserve was far faster and more enthusiastic to prime the pump with quantitative easing asset purchases. But still, the U.S. economy continues to cause great discontent amid the population at large, and it’s not as though the rest of the world has suffered anything like the Great Depression, outside small pockets such as Greece.\nIf there is a long-term driver, it is corporate earnings. The following remarkable chart comes from Doug Ramsey of the Leuthold Group in Minneapolis:\n\nSince that Halloween peak, there has been an astounding 90% correlation between different countries’ growth in earnings per share and the change in the value of their stock markets (as measured by MSCI). And, almost equally astoundingly, most developed countries have seen earnings fall over the last 14 years. That means that the U.S. has performed much better than the rest. The only country to come close is Denmark (powered by Novo Nordisk A/S, which has increased sixfold since Halloween 2007).\nOverall, earnings are down outside the U.S., including developed and emerging markets. This is the same chart I began with, but this time showing Bloomberg’s estimate of forward earnings, rather than share prices. The two charts do look similar:\n\nRamsey points out that a weakening currency will make U.S. companies’ profits look even better in dollar terms, so the dominance is unlikely to be shaken any time soon. But the broader point remains:\n\nWe often joke about the over-optimism of earnings forecasts, but this is ridiculous. In 2021 - with much of the world engaged in QE for a decade or longer and short-term interest rates either at, near, or below zero — most countries are struggling to put up earnings per share levels that analysts once deemed likely for 2008.\n\nHow to explain this? Plainly, this speaks to excruciatingly poor economic performance in much of the world. This may not have been a depression, but growth has been slow since the crisis. There is also an anti-American argument for the many people who want to make it. U.S. authorities have allowed a number of internet groups to buy up their competitors and become deeply entrenched, and they are now busily eating up profits that would once have accrued to companies in other countries. It’s no wonder that European competition authorities are getting aggressive about this. And there is a positive American argument: The internet, which originated in the U.S. military-industrial complex, has allowed corporate America to innovate and grow in a way that has eluded everyone else.\nLeaving that long-term argument to one side, the short-term implication is that even if price-earnings ratios look extremely high (which they do, particularly in the U.S.), it is plenty possible for share prices to rise even as multiples fall, if profits keep expanding. This chart of global equity returns is from Ian Harnett of Absolute Strategy Research Ltd. in London. It decomposes growth due to dividends, earnings growth, and multiple expansion. Over the last 12 months, in which equities have somehow returned 39.7%, widening P/E ratios have accounted for most of the gain:\n\nIt is only rational to assume that valuations will come down. However, the experience of 2010-2011, highlighted in the chart, shows that it’s still possible for stock markets to gain in these circumstances. The start of that period was a messy year filled with gloom over currency debasement, the debt-ceiling row in the U.S., and the beginning of the euro-zone debt crisis; but earnings still grew by enough to counterbalance the fall in multiples, and stocks rose. A “benign compression” in valuations can happen. If we suffer a liquidity shock or another unexpected blow from the pandemic (of which more below), then valuations make it very hard for stocks to make more progress. But there is a possibility of growth from here.\nTo end with a note of caution, however, Absolute Strategy also breaks down global equity returns since 1975 into earnings and multiple expansion. Differences in earnings in the post-crisis era have determined which markets have won and which have lost, but in the longer term, multiples have been far more influential in driving returns.\n\nThe bottom line? Earnings season, three weeks away now, probably matters more for stock prices than the rash of macro data that will start at the end of this week with ISM surveys and U.S. non-farm payrolls. There had better not be too many negative surprises. With valuations so high, it behooves everyone to be aware of the risks of a fall. But it also behooves those (like me) who’ve been warning about the risks of excessive valuations to accept that there’s still a way that markets could gain further from here, if earnings fulfill rosy expectations.\nCautionary Tale From Home\nThe most dangerous risks are the ones we don’t understand, or don’t see. All of us, including plenty with medical knowledge, have learned what we don’t know about infectious diseases and their effects on the economy over the last 18 months. So I offer the following case with due humility. It would seriously be a good idea to keep an eye on the pandemic in the U.K. in the next few weeks. This is how the trend in daily cases has moved since the beginning of the outbreak last year:\n\nObviously, the rise in infections should concern everyone. To recap, the U.K. proved to be a test experiment first on the British variant, then on being the first developed country to execute a successful mass vaccination program, and is now the first developed country to host an outbreak of the delta variant. A big vaccination campaign hasn’t stopped another wave of infections and hospitalizations. So far it hasn’t led to a significant rise in deaths:\n\nWhat do we need to learn in the next few weeks? The disaster scenario involves the variant gaining further in strength, and hospitalizing and killing more people — even if they have been fully vaccinated, as a significant proportion of current patients have been. If deaths stay this low, and the variant doesn't inflict long-term negative consequences on patients, it could almost be seen as good news; the vaccination campaign has saved the lives of the most vulnerable, and the latest outbreak is most serious among younger people who are less likely to be vaccinated, and also less likely to be in mortal danger. This could be the final stage toward reaching “herd immunity” for the U.K.\nOne alarming implication of the U.K. experience, however, is that even a massive vaccination campaign doesn’t get us to herd immunity. At one point there were optimistic projections that only about a quarter of people needed to be infected or vaccinated. Now it looks as though that number is much, much higher. And the longer we wait for herd immunity, the longer the virus has a chance to develop new variants, which may prove resistant to vaccines.\nAs it stands, the base scenario, which many are beginning to regard as a certainty, is that the pandemic is on its last legs. That is still a reasonable prospect. But the British experience has already had real world economic effects. Reopening has been postponed for a month, and the Bank of England might well have tapered its support for markets last month had it not been for this renewed outbreak. There is no reason for terror, but every reason for investors to keep a close eye on Covid figures, particularly for now in the U.K.\nAuthers Indicators\nThe latest update of Authers Indicators (the glorious name, which wasn’t my idea, for our inflation heat map) ishere. You need to squint to see the changes from last week, as there haven’t been many new economic releases. In brief, market breakevens turned up a little, as did commodity prices, to make up for the overreaction to the Federal Open Market Committee meeting the week before. This leaves most of them plumb in the middle of their range for the last 10 years. Among raw material prices, lumber futures are fast coming back down to earth, as predicted and hoped by many, while the CRB RIND index, second from right in the raw-material prices row, continues to rise. This is of interest because it covers commodities that aren’t available on futures markets, and therefore should be a purer representation of demand and supply pressures, and not affected by swings in sentiment about the Fed.\nThe one serious extreme square is rental car inflation. It would be disconcerting if that cell weren’t much paler blue after the next CPI data. The broad overview remains; the official data are plainly elevated, and consumer and business surveys continue to show concern; investors and economists are relatively unconcerned, while wage growth remains under control. There is inflation, but everything so far is consistent with it proving to be transitory. Keep watching this space.\n\nRisks & Rewards\nLisa Abramowicz and I held our third livestreamed conversation on the markets on Friday, and we hope that it will help you get ready for next week. Lisa started by commenting that markets seemed to have lapsed into a post-FOMC stupor, as if nothing, even a taper, really mattered. That led to an attempt to trademark the phrase “taper stupor.” It’s almost as good as “taper tantrum” but slightly harder to pronounce.\nAs you might guess, both of us are rather concerned about complacency, and the difficulty people seem to be having with even imagining what might go wrong from here in markets. There’s certainly a reasonable base case that things go well, but it’s best to remain humble, particularly when one of the primary risks is biological, not financial or economic. You can find the conversation here.\n\nOmissions\nIn last week’s discussion of bond factors going back to Waterloo, based on a paper from the quants at Robeco, I forgot to provide a link to the paper. You can find it here. My apologies for the omission.\nSurvival Tips\nI still have sport on the brain, I’m afraid. As Denmark are proving one of the wonderful stories of the European Championships, let me remind everyone of my favorite Danish export to help me get through the pandemic, the TV series Borgen, which is still streaming on Netflix. It’s a fantastic, twisting and turning drama about Danish politics. Imagine a rather strange hybrid ofThe West WingandThe Girl with the Dragon Tattoo, and you get the idea. Perfect binge viewing. Meanwhile, for those who had never heard of Christian Eriksen before he became famous for suffering cardiac unrest on the field in the Euros, hereare some of the goals he scored for Spurs as he became a star.\nMeanwhile, in baseball the Red Sox have just completed their second successive sweep of the Yankees. A very welcome improvement on last year. I’ve been lucky to be in Yankee Stadium for some great Sox moments in recent years. So, here are some home runs from Rafael Devers in 2017,Brock Holt in 2018(to complete the cycle), and Bobby Dalbecearlier this month. I had a great view of all of them. May they never get old. Have a great week, everyone.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":122879405,"gmtCreate":1624613645807,"gmtModify":1631890331725,"author":{"id":"3586246757961656","authorId":"3586246757961656","name":"LEEKT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586246757961656","authorIdStr":"3586246757961656"},"themes":[],"htmlText":"[开心] ","listText":"[开心] ","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/122879405","repostId":"1198714523","repostType":4,"isVote":1,"tweetType":1,"viewCount":1922,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":128734798,"gmtCreate":1624531092414,"gmtModify":1631890331727,"author":{"id":"3586246757961656","authorId":"3586246757961656","name":"LEEKT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586246757961656","authorIdStr":"3586246757961656"},"themes":[],"htmlText":"[开心] ","listText":"[开心] ","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128734798","repostId":"1100684336","repostType":4,"isVote":1,"tweetType":1,"viewCount":1083,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":129323639,"gmtCreate":1624360570921,"gmtModify":1631890331731,"author":{"id":"3586246757961656","authorId":"3586246757961656","name":"LEEKT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586246757961656","authorIdStr":"3586246757961656"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/129323639","repostId":"1128168014","repostType":4,"repost":{"id":"1128168014","kind":"news","pubTimestamp":1624356919,"share":"https://ttm.financial/m/news/1128168014?lang=&edition=full","pubTime":"2021-06-22 18:15","market":"us","language":"en","title":"Torchlight Energy, Bitcoin, Jerome Powell: 5 Things You Must Know Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1128168014","media":"The Street","summary":"Stock futures fall modestly ahead of testimony from Federal Reserve Chairman Jerome Powell; Bitcoin ","content":"<blockquote>\n Stock futures fall modestly ahead of testimony from Federal Reserve Chairman Jerome Powell; Bitcoin falls to below $32,000; Torchlight Energy extends record gains.\n</blockquote>\n<p>Here are five things you must know for Tuesday, June 22:</p>\n<p><b>1. Stock Futures Slip Ahead of Testimony From Fed's Powell</b></p>\n<p>Stock futures traded modestly lower Tuesday ahead of testimony from Federal Reserve Chairman Jerome Powell, who is expected to tell Congress the economy has shown \"sustained improvement\" but that the recovery has accelerated inflation.</p>\n<p>Contracts linked to the Dow Jones Industrial Average fell 34 points, S&P 500 futures were down 5 points and futures on the tech-heavy Nasdaq declined 27 points.</p>\n<p>The yield on the benchmark 10-year Treasury note steadied early Tuesday at 1.499%.</p>\n<p>“Widespread vaccinations have joined unprecedented monetary and fiscal policy actions in providing strong support to the recovery. Indicators of economic activity and employment have continued to strengthen, and real GDP this year appears to be on track to post its fastest rate of increase in decades,” Powell said in written comments ahead of a House panel hearing Tuesday.</p>\n<p>“Much of this rapid growth reflects the continued bounce back in activity from depressed levels,” the Fed chief added.</p>\n<p>Powell said inflation has increased “notably” in recent months but reiterated he expects rising price pressures to only be temporary and to eventually ease back to the central bank's 2% target.</p>\n<p>Powell’s remarks follow a meeting of the Fed’s policymaking committee last week, when officials signaled they could boost interest rates and begin tapering asset purchases sooner than expected.</p>\n<p>The Fed's hawkish tilt led to a selloff on Wall Street. But stocks rebounded Monday -the S&P 500 gained 1.4%- to recoup much of last week's losses.</p>\n<p><b>2. Tuesday's Calendar: Powell Testimony, Existing Home Sales</b></p>\n<p>Theeconomic calendarin the U.S. Tuesday includes Existing Home Sales for May at 10 a.m. ET.</p>\n<p>Federal Reserve Chairman Jerome Powell will appear before the House Select Subcommittee on the Coronavirus Crisis at 2 p.m.</p>\n<p>Korn Ferry (<b>KFY</b>) -Get Report, the management consulting firm, is expected to post quarterly earnings on Tuesday.</p>\n<p><b>3. Bitcoin Falls to Below $32,000</b></p>\n<p>Bitcoin fell to below $32,000 early Tuesday, raising the prospects for a steeper selloff if the world's largest cryptocurrency breaches $30,000.</p>\n<p>“We’re most likely going to continue to trade within the</p>\n<p>$30,000 to $40,000 range and, hopefully, $30,000 will hold as</p>\n<p>the low of the year,” Antoni Trenchev, co-founder of crypto</p>\n<p>lender Nexo in London, told Boomberg. “If not, we should revisit $25,000 and even $20,000 before the next leg up.”</p>\n<p>Early Tuesday, Bitcoin was at $31,351, down 5.51%. It and other digital currencies have been subject to an intensifying crackdown in China.</p>\n<p>Bitcoin dropped to a two-week low Monday following a report that said the Agricultural Bank of China, one of the country’s biggest banks, published a statement outlining aban that prohibits customers from doing any business with cryptocurrencies.</p>\n<p><b>4. Torchlight Energy Extends Gains</b></p>\n<p>Torchlight Energy Resources (<b>TRCH</b>) -Get Report extended gains Tuesday after jumping to a record high in the previous session as the oil and natural gas developer was touted on retail trading forums as a potential short squeeze.</p>\n<p>The stock rose 13.41% to $11.25 in premarket trading Tuesday. It rose more than 58% on Monday and has gained 1,311% so far in 2021.</p>\n<p>Torchlight said Monday it agreed to extend to June 30 the date by which it must close its merger with Canada's Metamaterial.</p>\n<p><b>5. Delta Plans to Hire 1,000 More Pilots by Next Summer</b></p>\n<p>Delta Air Lines (<b>DAL</b>) -Get Report plans to hire more than 1,000 pilots by next summer as the travel industry recovers, according to reports from Bloomberg and Reuters.</p>\n<p>Domestic leisure travel will return to pre-pandemic volumes</p>\n<p>this month, said John Laughter, Delta’s operations chief, in a</p>\n<p>memo to flight-operations employees on Monday, Bloomberg reported. He added that travel restrictions</p>\n<p>across the Atlantic should ease in the second half of the year.</p>\n<p>Bloomberg noted Delta had 12,940 pilots at the end of last year, meaning the new additions would increase its number of pilots by about 8%.</p>\n<p>Delta also said it expects to report a profit in June.</p>\n<p>Delta shares rose slightly early Tuesday to $45.79.</p>","source":"lsy1610613172068","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>Torchlight Energy, Bitcoin, Jerome Powell: 5 Things You Must Know Tuesday</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\">\nTorchlight Energy, Bitcoin, Jerome Powell: 5 Things You Must Know Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 18:15 GMT+8 <a href=https://www.thestreet.com/markets/5-things-you-must-know-before-market-opens-tuesday-062221><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock futures fall modestly ahead of testimony from Federal Reserve Chairman Jerome Powell; Bitcoin falls to below $32,000; Torchlight Energy extends record gains.\n\nHere are five things you must know ...</p>\n\n<a href=\"https://www.thestreet.com/markets/5-things-you-must-know-before-market-opens-tuesday-062221\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.thestreet.com/markets/5-things-you-must-know-before-market-opens-tuesday-062221","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128168014","content_text":"Stock futures fall modestly ahead of testimony from Federal Reserve Chairman Jerome Powell; Bitcoin falls to below $32,000; Torchlight Energy extends record gains.\n\nHere are five things you must know for Tuesday, June 22:\n1. Stock Futures Slip Ahead of Testimony From Fed's Powell\nStock futures traded modestly lower Tuesday ahead of testimony from Federal Reserve Chairman Jerome Powell, who is expected to tell Congress the economy has shown \"sustained improvement\" but that the recovery has accelerated inflation.\nContracts linked to the Dow Jones Industrial Average fell 34 points, S&P 500 futures were down 5 points and futures on the tech-heavy Nasdaq declined 27 points.\nThe yield on the benchmark 10-year Treasury note steadied early Tuesday at 1.499%.\n“Widespread vaccinations have joined unprecedented monetary and fiscal policy actions in providing strong support to the recovery. Indicators of economic activity and employment have continued to strengthen, and real GDP this year appears to be on track to post its fastest rate of increase in decades,” Powell said in written comments ahead of a House panel hearing Tuesday.\n“Much of this rapid growth reflects the continued bounce back in activity from depressed levels,” the Fed chief added.\nPowell said inflation has increased “notably” in recent months but reiterated he expects rising price pressures to only be temporary and to eventually ease back to the central bank's 2% target.\nPowell’s remarks follow a meeting of the Fed’s policymaking committee last week, when officials signaled they could boost interest rates and begin tapering asset purchases sooner than expected.\nThe Fed's hawkish tilt led to a selloff on Wall Street. But stocks rebounded Monday -the S&P 500 gained 1.4%- to recoup much of last week's losses.\n2. Tuesday's Calendar: Powell Testimony, Existing Home Sales\nTheeconomic calendarin the U.S. Tuesday includes Existing Home Sales for May at 10 a.m. ET.\nFederal Reserve Chairman Jerome Powell will appear before the House Select Subcommittee on the Coronavirus Crisis at 2 p.m.\nKorn Ferry (KFY) -Get Report, the management consulting firm, is expected to post quarterly earnings on Tuesday.\n3. Bitcoin Falls to Below $32,000\nBitcoin fell to below $32,000 early Tuesday, raising the prospects for a steeper selloff if the world's largest cryptocurrency breaches $30,000.\n“We’re most likely going to continue to trade within the\n$30,000 to $40,000 range and, hopefully, $30,000 will hold as\nthe low of the year,” Antoni Trenchev, co-founder of crypto\nlender Nexo in London, told Boomberg. “If not, we should revisit $25,000 and even $20,000 before the next leg up.”\nEarly Tuesday, Bitcoin was at $31,351, down 5.51%. It and other digital currencies have been subject to an intensifying crackdown in China.\nBitcoin dropped to a two-week low Monday following a report that said the Agricultural Bank of China, one of the country’s biggest banks, published a statement outlining aban that prohibits customers from doing any business with cryptocurrencies.\n4. Torchlight Energy Extends Gains\nTorchlight Energy Resources (TRCH) -Get Report extended gains Tuesday after jumping to a record high in the previous session as the oil and natural gas developer was touted on retail trading forums as a potential short squeeze.\nThe stock rose 13.41% to $11.25 in premarket trading Tuesday. It rose more than 58% on Monday and has gained 1,311% so far in 2021.\nTorchlight said Monday it agreed to extend to June 30 the date by which it must close its merger with Canada's Metamaterial.\n5. Delta Plans to Hire 1,000 More Pilots by Next Summer\nDelta Air Lines (DAL) -Get Report plans to hire more than 1,000 pilots by next summer as the travel industry recovers, according to reports from Bloomberg and Reuters.\nDomestic leisure travel will return to pre-pandemic volumes\nthis month, said John Laughter, Delta’s operations chief, in a\nmemo to flight-operations employees on Monday, Bloomberg reported. He added that travel restrictions\nacross the Atlantic should ease in the second half of the year.\nBloomberg noted Delta had 12,940 pilots at the end of last year, meaning the new additions would increase its number of pilots by about 8%.\nDelta also said it expects to report a profit in June.\nDelta shares rose slightly early Tuesday to $45.79.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":167496517,"gmtCreate":1624281113639,"gmtModify":1631890331735,"author":{"id":"3586246757961656","authorId":"3586246757961656","name":"LEEKT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586246757961656","authorIdStr":"3586246757961656"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/167496517","repostId":"1122985599","repostType":4,"isVote":1,"tweetType":1,"viewCount":1975,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":166537137,"gmtCreate":1624016906429,"gmtModify":1631890331740,"author":{"id":"3586246757961656","authorId":"3586246757961656","name":"LEEKT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586246757961656","authorIdStr":"3586246757961656"},"themes":[],"htmlText":"[白眼] ","listText":"[白眼] ","text":"[白眼]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/166537137","repostId":"1139841464","repostType":4,"repost":{"id":"1139841464","kind":"news","pubTimestamp":1624015559,"share":"https://ttm.financial/m/news/1139841464?lang=&edition=full","pubTime":"2021-06-18 19:25","market":"us","language":"en","title":"Morgan Stanley upgrades Occidental on higher oil prices, predicts 40% gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1139841464","media":"cnbc","summary":"High oil prices and lower capital expenses should lead oil stocks to throw off cash, and investors s","content":"<div>\n<p>High oil prices and lower capital expenses should lead oil stocks to throw off cash, and investors should add a few winners from this sector, according to Morgan Stanley.\nWhile energy prices dipped on...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/occidental-stock-marathon-stock-petroleum-morgan-stanley-upgrade.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>Morgan Stanley upgrades Occidental on higher oil prices, predicts 40% gain</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\">\nMorgan Stanley upgrades Occidental on higher oil prices, predicts 40% gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 19:25 GMT+8 <a href=https://www.cnbc.com/2021/06/18/occidental-stock-marathon-stock-petroleum-morgan-stanley-upgrade.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>High oil prices and lower capital expenses should lead oil stocks to throw off cash, and investors should add a few winners from this sector, according to Morgan Stanley.\nWhile energy prices dipped on...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/occidental-stock-marathon-stock-petroleum-morgan-stanley-upgrade.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"https://www.cnbc.com/2021/06/18/occidental-stock-marathon-stock-petroleum-morgan-stanley-upgrade.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1139841464","content_text":"High oil prices and lower capital expenses should lead oil stocks to throw off cash, and investors should add a few winners from this sector, according to Morgan Stanley.\nWhile energy prices dipped on Thursday amidbroad commodity weakness, the benchmark oil prices in the U.S. and Europe are still up about 80% over the past year. The industry has seen demand surge and reserves dwindle as economies reopen.\nAnalyst Devin McDermott shuffled his ratings for energy stocks on Friday, upgradingOccidental Petroleumto overweight from equal weight andMarathon Oilto equal weight from underweight. McDermott said in a note to clients that these shifts were to gain more exposure to high oil prices in particular.\n“We reiterate our Attractive view of the sector and continue to favor a mix of ‘quality stocks on sale’ that offer outsized free cash flow yields and healthy balance sheets coupled with selective ‘oil beta’ exposure,” the note said.\nMorgan Stanley’s bullish stance does not require prices to continue to surge. The firm projects West Texas Intermediate crudeto trade on average in the low $60s in 2021 and 2022. WTI was trading just above $70 per barrel on Friday morning.\nFor Occidental, these prices are enough to generate substantial cash, the note said.\n“Rebounding margins and strong [free cash flow] position OXY to offer one of the more differentiated rate of change stories with its high quality upstream assets, above average FCF/equity yield of 17% (although FCF/EV still lags peers), and unique position in a lower-carbon energy future through OXY Low Carbon Ventures,” the note said.\nThe firm moved its price target for Occidental to $40 per share from $32, and on Marathon Oil to $15 from $12. Those new targets represent upside of 42% and 16%, respectively, from where the stocks closed on Thursday.\nDespite being bullish on the sector overall, Morgan Stanley did downgrade a few of the stocks as part of Friday’s call. The firm moved its rating onDevon,EQTandCimarexto equal weight from overweight.","news_type":1,"symbols_score_info":{"OXY":0.9}},"isVote":1,"tweetType":1,"viewCount":882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":161235322,"gmtCreate":1623927964166,"gmtModify":1631890331743,"author":{"id":"3586246757961656","authorId":"3586246757961656","name":"LEEKT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586246757961656","authorIdStr":"3586246757961656"},"themes":[],"htmlText":"[正经] ","listText":"[正经] ","text":"[正经]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/161235322","repostId":"2144493748","repostType":4,"repost":{"id":"2144493748","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":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623921664,"share":"https://ttm.financial/m/news/2144493748?lang=&edition=full","pubTime":"2021-06-17 17:21","market":"fut","language":"en","title":"Gold slides to over 1-month low after Fed's hawkish tilt","url":"https://stock-news.laohu8.com/highlight/detail?id=2144493748","media":"Reuters","summary":"* Fed now projects first rate hike in 2023\n* U.S. dollar advances to two-month peak\n* Gold fell over","content":"<p>* Fed now projects first rate hike in 2023</p>\n<p>* U.S. dollar advances to two-month peak</p>\n<p>* Gold fell over 2.5% post Fed announcements on Wednesday</p>\n<p>June 17 (Reuters) - Gold fell to its lowest in more than a month on Thursday, pressured by gains in the dollar and U.S. Treasury yields after the Federal Reserve signalled earlier-than-expected interest rate increases.</p>\n<p>A majority of 11 Fed officials projected at least two quarter-point rate rises for 2023, even as officials in their statement pledged to keep policy supportive for now to encourage a jobs recovery.</p>\n<p>Spot gold fell 0.4% to $1,804.40 per ounce by 0904 GMT, having touched its lowest since May 6 at $1,799.70.</p>\n<p>U.S. gold futures were down 3.1% to $1,804.20.</p>\n<p>Analysts attributed a slight bounce during the Asian session to bargain hunting following Wednesday's steep retreat toward the key $1,800 level.</p>\n<p>Along with the Fed's unexpected change of stance, \"higher interest rates in the U.S. - while other major central banks probably are going to wait longer with changing monetary policy - has strengthened the dollar. So it's a double whammy for gold,\" Quantitative Commodity Research analyst Peter Fertig said.</p>\n<p>Higher interest rates tend to dull gold's appeal as they translate into a higher opportunity cost of holding bullion.</p>\n<p>Gold slipped more than 2.5% on Wednesday, after comments from Fed officials propelled the dollar to a two-month high, while U.S. Treasury yields also jumped.</p>\n<p>Adding to gold's headwinds, the U.S. central bank also signalled it would now be considering whether to taper its asset purchases meeting by meeting and downgraded the risk from the coronavirus pandemic given progress in vaccinations.</p>\n<p>However, there is the prospect of support for gold, said Alexander Zumpfe, senior precious metals trader at Heraeus.</p>\n<p>\"If the economic recovery that is just beginning leads to further rising prices, this should also support the yellow metal,\" Zumpfe said.</p>\n<p>Prices should find initial support at $1,796, Zumpfe said.</p>\n<p>Silver fell 0.9% to $26.73 per ounce, while palladium dropped 1.1% to $2,765.33 and platinum inched 1.3% lower to $1,107.36.</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>Gold slides to over 1-month low after Fed's hawkish tilt</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; 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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\">\nGold slides to over 1-month low after Fed's hawkish tilt\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 17:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Fed now projects first rate hike in 2023</p>\n<p>* U.S. dollar advances to two-month peak</p>\n<p>* Gold fell over 2.5% post Fed announcements on Wednesday</p>\n<p>June 17 (Reuters) - Gold fell to its lowest in more than a month on Thursday, pressured by gains in the dollar and U.S. Treasury yields after the Federal Reserve signalled earlier-than-expected interest rate increases.</p>\n<p>A majority of 11 Fed officials projected at least two quarter-point rate rises for 2023, even as officials in their statement pledged to keep policy supportive for now to encourage a jobs recovery.</p>\n<p>Spot gold fell 0.4% to $1,804.40 per ounce by 0904 GMT, having touched its lowest since May 6 at $1,799.70.</p>\n<p>U.S. gold futures were down 3.1% to $1,804.20.</p>\n<p>Analysts attributed a slight bounce during the Asian session to bargain hunting following Wednesday's steep retreat toward the key $1,800 level.</p>\n<p>Along with the Fed's unexpected change of stance, \"higher interest rates in the U.S. - while other major central banks probably are going to wait longer with changing monetary policy - has strengthened the dollar. So it's a double whammy for gold,\" Quantitative Commodity Research analyst Peter Fertig said.</p>\n<p>Higher interest rates tend to dull gold's appeal as they translate into a higher opportunity cost of holding bullion.</p>\n<p>Gold slipped more than 2.5% on Wednesday, after comments from Fed officials propelled the dollar to a two-month high, while U.S. Treasury yields also jumped.</p>\n<p>Adding to gold's headwinds, the U.S. central bank also signalled it would now be considering whether to taper its asset purchases meeting by meeting and downgraded the risk from the coronavirus pandemic given progress in vaccinations.</p>\n<p>However, there is the prospect of support for gold, said Alexander Zumpfe, senior precious metals trader at Heraeus.</p>\n<p>\"If the economic recovery that is just beginning leads to further rising prices, this should also support the yellow metal,\" Zumpfe said.</p>\n<p>Prices should find initial support at $1,796, Zumpfe said.</p>\n<p>Silver fell 0.9% to $26.73 per ounce, while palladium dropped 1.1% to $2,765.33 and platinum inched 1.3% lower to $1,107.36.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144493748","content_text":"* Fed now projects first rate hike in 2023\n* U.S. dollar advances to two-month peak\n* Gold fell over 2.5% post Fed announcements on Wednesday\nJune 17 (Reuters) - Gold fell to its lowest in more than a month on Thursday, pressured by gains in the dollar and U.S. Treasury yields after the Federal Reserve signalled earlier-than-expected interest rate increases.\nA majority of 11 Fed officials projected at least two quarter-point rate rises for 2023, even as officials in their statement pledged to keep policy supportive for now to encourage a jobs recovery.\nSpot gold fell 0.4% to $1,804.40 per ounce by 0904 GMT, having touched its lowest since May 6 at $1,799.70.\nU.S. gold futures were down 3.1% to $1,804.20.\nAnalysts attributed a slight bounce during the Asian session to bargain hunting following Wednesday's steep retreat toward the key $1,800 level.\nAlong with the Fed's unexpected change of stance, \"higher interest rates in the U.S. - while other major central banks probably are going to wait longer with changing monetary policy - has strengthened the dollar. So it's a double whammy for gold,\" Quantitative Commodity Research analyst Peter Fertig said.\nHigher interest rates tend to dull gold's appeal as they translate into a higher opportunity cost of holding bullion.\nGold slipped more than 2.5% on Wednesday, after comments from Fed officials propelled the dollar to a two-month high, while U.S. Treasury yields also jumped.\nAdding to gold's headwinds, the U.S. central bank also signalled it would now be considering whether to taper its asset purchases meeting by meeting and downgraded the risk from the coronavirus pandemic given progress in vaccinations.\nHowever, there is the prospect of support for gold, said Alexander Zumpfe, senior precious metals trader at Heraeus.\n\"If the economic recovery that is just beginning leads to further rising prices, this should also support the yellow metal,\" Zumpfe said.\nPrices should find initial support at $1,796, Zumpfe said.\nSilver fell 0.9% to $26.73 per ounce, while palladium dropped 1.1% to $2,765.33 and platinum inched 1.3% lower to $1,107.36.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":999,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":169677176,"gmtCreate":1623835709995,"gmtModify":1631890331746,"author":{"id":"3586246757961656","authorId":"3586246757961656","name":"LEEKT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586246757961656","authorIdStr":"3586246757961656"},"themes":[],"htmlText":"[开心] ","listText":"[开心] ","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/169677176","repostId":"2143760952","repostType":4,"repost":{"id":"2143760952","kind":"news","pubTimestamp":1623832827,"share":"https://ttm.financial/m/news/2143760952?lang=&edition=full","pubTime":"2021-06-16 16:40","market":"us","language":"en","title":"Toyota thanks shareholders for support after shares hit record high","url":"https://stock-news.laohu8.com/highlight/detail?id=2143760952","media":"Reuters","summary":"TOYOTA CITY (Reuters) - Toyota Motor Corp's shares reached a record high on Wednesday, earning a rar","content":"<p>TOYOTA CITY (Reuters) - Toyota Motor Corp's shares reached a record high on Wednesday, earning a rare message of thanks from the company's president at its annual general meeting (AGM).</p>\n<p>The share price of Japan's no. 1 carmaker exceeded 10,000 yen ($90.84) on Tuesday for the first time, as investors welcomed Toyota's strong sales, electric plans as well as its ability to tackle a global chip shortage better than the competitors.</p>\n<p>The share reached 10,330 yen on Wednesday, a record high, valuing the company at more than $301 billion. U.S. electronic carmaker Tesla Inc is valued almost twice that by investors at $577.38 billion.</p>\n<p>Toyota shares closed nearly 1% higher at 10,175 yen.</p>\n<p>\"It could be accidental that our share price topped 10,000 yen as we prepared for the meeting, but we were so much encouraged because of it,\" said company president Akio Toyoda at the AGM held at Toyota's headquarter in Toyota City, Nagoya.</p>\n<p>\"We have made actions, errors and improvements. What we have now is the result of those 12 years,\" Toyoda said, when asked by a shareholder to reflect on his presidency as Japan's no.1 automaker for over a decade.</p>\n<p>Toyota has said it will increase its number of electric models to around 70 from currently offered 55 by 2025, while aiming to make all its global factories carbon neutral by 2035.</p>\n<p>The carmaker, which looks to fully redesign itself to a mobility company, needs to bring in multiple viewpoints and values as a driving force of creating innovation, Toyoda said.</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>Toyota thanks shareholders for support after shares hit record high</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nToyota thanks shareholders for support after shares hit record high\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 16:40 GMT+8 <a href=https://finance.yahoo.com/news/toyota-thanks-shareholders-support-shares-080827971.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOYOTA CITY (Reuters) - Toyota Motor Corp's shares reached a record high on Wednesday, earning a rare message of thanks from the company's president at its annual general meeting (AGM).\nThe share ...</p>\n\n<a href=\"https://finance.yahoo.com/news/toyota-thanks-shareholders-support-shares-080827971.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03160":"华夏日股对冲","TM":"丰田汽车"},"source_url":"https://finance.yahoo.com/news/toyota-thanks-shareholders-support-shares-080827971.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2143760952","content_text":"TOYOTA CITY (Reuters) - Toyota Motor Corp's shares reached a record high on Wednesday, earning a rare message of thanks from the company's president at its annual general meeting (AGM).\nThe share price of Japan's no. 1 carmaker exceeded 10,000 yen ($90.84) on Tuesday for the first time, as investors welcomed Toyota's strong sales, electric plans as well as its ability to tackle a global chip shortage better than the competitors.\nThe share reached 10,330 yen on Wednesday, a record high, valuing the company at more than $301 billion. U.S. electronic carmaker Tesla Inc is valued almost twice that by investors at $577.38 billion.\nToyota shares closed nearly 1% higher at 10,175 yen.\n\"It could be accidental that our share price topped 10,000 yen as we prepared for the meeting, but we were so much encouraged because of it,\" said company president Akio Toyoda at the AGM held at Toyota's headquarter in Toyota City, Nagoya.\n\"We have made actions, errors and improvements. What we have now is the result of those 12 years,\" Toyoda said, when asked by a shareholder to reflect on his presidency as Japan's no.1 automaker for over a decade.\nToyota has said it will increase its number of electric models to around 70 from currently offered 55 by 2025, while aiming to make all its global factories carbon neutral by 2035.\nThe carmaker, which looks to fully redesign itself to a mobility company, needs to bring in multiple viewpoints and values as a driving force of creating innovation, Toyoda said.","news_type":1,"symbols_score_info":{"03160":0.9,"TM":0.9}},"isVote":1,"tweetType":1,"viewCount":1300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}