5c1d7e39的个人主页 - 老虎社区

5c1d7e39

暂无个人介绍

IP属地：未知

9关注

2粉丝

0主题

0勋章

2021-02-08

Really very exciting times ahead! //@eggyy:A rollercoaster indeed!

抱歉，原内容已删除

2021-02-08

Interesting!

SoftBank Reports Robust Q3; Uber, DoorDash Drive Vision Fund Investment Value

2021-02-08

Nice

Why this signal means the S&P 500 is running out of steam, Wall Street strategist says

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3566609078486065","uuid":"3566609078486065","gmtCreate":1605604428887,"gmtModify":1605604428887,"name":"5c1d7e39","pinyin":"dawneelx","introduction":"","introductionEn":"","signature":"","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":2,"headSize":9,"tweetSize":3,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.08","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"35ec162348d5460f88c959321e554969-1","templateUuid":"35ec162348d5460f88c959321e554969","name":"精英交易员","description":"证券或期货账户累计交易次数达到30次","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.75%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":389768543,"gmtCreate":1612799147582,"gmtModify":1703765288587,"author":{"id":"3566609078486065","authorId":"3566609078486065","name":"5c1d7e39","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566609078486065","idStr":"3566609078486065"},"themes":[],"htmlText":"Really very exciting times ahead!&nbsp;//<a href=\"https://laohu8.com/U/3574754020017194\">@eggyy</a>:A rollercoaster indeed!&nbsp;","listText":"Really very exciting times ahead!&nbsp;//<a href=\"https://laohu8.com/U/3574754020017194\">@eggyy</a>:A rollercoaster indeed!&nbsp;","text":"Really very exciting times ahead! //@eggyy:A rollercoaster indeed!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389768543","repostId":"1195153829","repostType":4,"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389782415,"gmtCreate":1612798778337,"gmtModify":1703765277410,"author":{"id":"3566609078486065","authorId":"3566609078486065","name":"5c1d7e39","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566609078486065","idStr":"3566609078486065"},"themes":[],"htmlText":"Interesting!&nbsp;","listText":"Interesting!&nbsp;","text":"Interesting!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/389782415","repostId":"2109039248","repostType":2,"repost":{"id":"2109039248","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1612799455,"share":"https://www.laohu8.com/m/news/2109039248?lang=&edition=full","pubTime":"2021-02-08 23:50","market":"hk","language":"en","title":"SoftBank Reports Robust Q3; Uber, DoorDash Drive Vision Fund Investment Value","url":"https://stock-news.laohu8.com/highlight/detail?id=2109039248","media":"Benzinga","summary":"\n","content":"<html><body><ul>\n<li><strong>SoftBank Group Corp’s</strong> (OTC: SFTBY) revenue rose 10.7% to ¥1.507 trillion during the third quarter of FY20.</li>\n<li>SoftBank and Arm segments reported 10.7% and 6.3% revenue growth, respectively, following the pandemic induced robust demand for Arm technology, 5G smartphones, networking equipment, and server shipment.</li>\n<li>Gross profit rose 8% to ¥0.748 trillion with a margin compression of 124 basis points.</li>\n<li>Gain on investments stood at ¥1.766 trillion, aided by a profit on the partial sale of <strong><a href=\"https://laohu8.com/S/TMUS\">T-Mobile US Inc</a></strong> (NASDAQ: TMUS) shares, unrealized valuation gain from strong price performance from <strong>DoorDash Inc</strong> (NYSE: DASH) and <strong>Uber Technologies Inc</strong> (NYSE: UBER), versus a loss of ¥84.179 billion in the year-ago period.</li>\n<li>As a result, net income grew 880% to ¥1.217 trillion as <a href=\"https://laohu8.com/S/S\">Sprint</a> ceased to be the subsidiary upon its merger with T-Mobile.</li>\n<li>EPS rose 27-fold to ¥575.55.</li>\n<li>Last year March, SoftBank had disclosed divestment plans worth ¥4.5 trillion (including a partial stake in <strong>Alibaba Group Holding Ltd</strong> (NYSE: BABA), <a href=\"https://laohu8.com/S/TMUSR\">T-Mobile US Inc</a>., and the Japan telecom unit SoftBank Corp., including an agreement to divest Arm Ltd. to <strong>Nvidia Corp. </strong>(NASDAQ: NVDA) for $40 billion) to repay debt and initiate a share buyback.</li>\n<li>The Company completed the sale or monetization of the target amount of ¥4.5trillion of the assets as of the second quarter-end. For the six months from April to September 2020, the amount of sale or monetization of assets totaled ¥5.6 trillion.</li>\n<li>Cash flows from operating activities reduced ¥0.696 trillion during the nine months ended December 31, 2020, following significant derivative losses primarily contributed by SB Northstar.</li>\n<li>SoftBank bought back ¥1.1 trillion shares as of December 31, 2020. It also repurchased corporate bonds with a face value of ¥167.6 billion and repaid in advance ¥300 billion of a senior loan by September 30, 2020.</li>\n<li><strong>Price action:</strong> SFTBY share are trading higher by 8.2% at $46.49 on the last check Monday.</li>\n</ul>\n</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoftBank Reports Robust Q3; Uber, DoorDash Drive Vision Fund Investment Value</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\">\nSoftBank Reports Robust Q3; Uber, DoorDash Drive Vision Fund Investment Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-02-08 23:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><ul>\n<li><strong>SoftBank Group Corp’s</strong> (OTC: SFTBY) revenue rose 10.7% to ¥1.507 trillion during the third quarter of FY20.</li>\n<li>SoftBank and Arm segments reported 10.7% and 6.3% revenue growth, respectively, following the pandemic induced robust demand for Arm technology, 5G smartphones, networking equipment, and server shipment.</li>\n<li>Gross profit rose 8% to ¥0.748 trillion with a margin compression of 124 basis points.</li>\n<li>Gain on investments stood at ¥1.766 trillion, aided by a profit on the partial sale of <strong><a href=\"https://laohu8.com/S/TMUS\">T-Mobile US Inc</a></strong> (NASDAQ: TMUS) shares, unrealized valuation gain from strong price performance from <strong>DoorDash Inc</strong> (NYSE: DASH) and <strong>Uber Technologies Inc</strong> (NYSE: UBER), versus a loss of ¥84.179 billion in the year-ago period.</li>\n<li>As a result, net income grew 880% to ¥1.217 trillion as <a href=\"https://laohu8.com/S/S\">Sprint</a> ceased to be the subsidiary upon its merger with T-Mobile.</li>\n<li>EPS rose 27-fold to ¥575.55.</li>\n<li>Last year March, SoftBank had disclosed divestment plans worth ¥4.5 trillion (including a partial stake in <strong>Alibaba Group Holding Ltd</strong> (NYSE: BABA), <a href=\"https://laohu8.com/S/TMUSR\">T-Mobile US Inc</a>., and the Japan telecom unit SoftBank Corp., including an agreement to divest Arm Ltd. to <strong>Nvidia Corp. </strong>(NASDAQ: NVDA) for $40 billion) to repay debt and initiate a share buyback.</li>\n<li>The Company completed the sale or monetization of the target amount of ¥4.5trillion of the assets as of the second quarter-end. For the six months from April to September 2020, the amount of sale or monetization of assets totaled ¥5.6 trillion.</li>\n<li>Cash flows from operating activities reduced ¥0.696 trillion during the nine months ended December 31, 2020, following significant derivative losses primarily contributed by SB Northstar.</li>\n<li>SoftBank bought back ¥1.1 trillion shares as of December 31, 2020. It also repurchased corporate bonds with a face value of ¥167.6 billion and repaid in advance ¥300 billion of a senior loan by September 30, 2020.</li>\n<li><strong>Price action:</strong> SFTBY share are trading higher by 8.2% at $46.49 on the last check Monday.</li>\n</ul>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SFTBY":"软银集团","BABA":"阿里巴巴","03160":"华夏日股对冲","TMUS":"T-Mobile US Inc","UBER":"优步","NVDA":"英伟达","DASH":"DoorDash, Inc."},"source_url":"https://www.benzinga.com/node/19532183","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2109039248","content_text":"SoftBank Group Corp’s (OTC: SFTBY) revenue rose 10.7% to ¥1.507 trillion during the third quarter of FY20.\nSoftBank and Arm segments reported 10.7% and 6.3% revenue growth, respectively, following the pandemic induced robust demand for Arm technology, 5G smartphones, networking equipment, and server shipment.\nGross profit rose 8% to ¥0.748 trillion with a margin compression of 124 basis points.\nGain on investments stood at ¥1.766 trillion, aided by a profit on the partial sale of T-Mobile US Inc (NASDAQ: TMUS) shares, unrealized valuation gain from strong price performance from DoorDash Inc (NYSE: DASH) and Uber Technologies Inc (NYSE: UBER), versus a loss of ¥84.179 billion in the year-ago period.\nAs a result, net income grew 880% to ¥1.217 trillion as Sprint ceased to be the subsidiary upon its merger with T-Mobile.\nEPS rose 27-fold to ¥575.55.\nLast year March, SoftBank had disclosed divestment plans worth ¥4.5 trillion (including a partial stake in Alibaba Group Holding Ltd (NYSE: BABA), T-Mobile US Inc., and the Japan telecom unit SoftBank Corp., including an agreement to divest Arm Ltd. to Nvidia Corp. (NASDAQ: NVDA) for $40 billion) to repay debt and initiate a share buyback.\nThe Company completed the sale or monetization of the target amount of ¥4.5trillion of the assets as of the second quarter-end. For the six months from April to September 2020, the amount of sale or monetization of assets totaled ¥5.6 trillion.\nCash flows from operating activities reduced ¥0.696 trillion during the nine months ended December 31, 2020, following significant derivative losses primarily contributed by SB Northstar.\nSoftBank bought back ¥1.1 trillion shares as of December 31, 2020. It also repurchased corporate bonds with a face value of ¥167.6 billion and repaid in advance ¥300 billion of a senior loan by September 30, 2020.\nPrice action: SFTBY share are trading higher by 8.2% at $46.49 on the last check Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389788103,"gmtCreate":1612798693502,"gmtModify":1703765273625,"author":{"id":"3566609078486065","authorId":"3566609078486065","name":"5c1d7e39","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3566609078486065","idStr":"3566609078486065"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389788103","repostId":"1187584375","repostType":4,"repost":{"id":"1187584375","kind":"news","pubTimestamp":1612494663,"share":"https://www.laohu8.com/m/news/1187584375?lang=&edition=full","pubTime":"2021-02-05 11:11","market":"us","language":"en","title":"Why this signal means the S&P 500 is running out of steam, Wall Street strategist says","url":"https://stock-news.laohu8.com/highlight/detail?id=1187584375","media":"marketwatch","summary":"There is a lot going on and it’s sending the DowDJIA,+1.08%and S&P 500SPX,+1.09%toward a fourth stra","content":"<p>There is a lot going on and it’s sending the DowDJIA,+1.08%and S&amp;P 500SPX,+1.09%toward a fourth straight day of gains.</p>\n<p>Investors are digesting a deluge of corporate earnings, as well as key weekly jobless claims data, showing the lowest number of claims since November.</p>\n<p>Another event being keenly monitored by investors pertains to the recent GameStopGME,-42.11%frenzy, which has led to wild swings for stocks, including that videogames retailer and the cinema chain AMC EntertainmentAMC,-20.96%,throughusers on Reddit’sWallStreetBets forum.</p>\n<p>Treasury Secretary Janet Yellen isdue to hold a meetingwith the heads of the Securities and Exchange Commission, Federal Reserve Board, Federal Reserve Bank of New York, and Commodity Futures Trading Commission todiscuss the recent volatility.</p>\n<p>U.S. stocks climbed, with the Dow gaining 280 points and the S&amp;P 500 up 0.7% in morning trading.</p>\n<p>In<b>our call of the day</b>, Michael Kramer of Mott Capital Management said U.S. stocks may be at the top end of the range with no more room to rise.</p>\n<p>Kramer made the call after the Cboe Volatility Index (VIX)VIX,-4.98%fell more than 10% on Wednesday, closing at 22.9. The index is a closely watched measure of expected stock market volatility.</p>\n<p>“It is stunning to me how quickly the VIX has fallen, given the lack of a move higher the S&amp;P 500 has seen,” he said. Kramer noted that on Nov. 3 the VIX was at 35.6 before taking 10 days to fall to 23, but this time around it has fallen from 37 to 23 in just six days. November’s VIX fall saw the S&amp;P 500 rise more than 8% in the 10-day period, but the index has in comparison climbed just 3.3% this time. “Very different positioning in the market, I guess,” he added.</p>\n<p>“If the VIX is already at the bottom of the range, which as we have talked about in the past, is around 21 to 23, then the S&amp;P 500 will not have enough energy to push it [to] new highs,” Kramer said.</p>\n<p>The S&amp;P 500 closed 0.1% higher on Wednesday but Kramer said when broken down, it wasn’t a good day for the index, and in fact raised some concerns. “It actually wasn’t a strong day at all because the index reached 3,848 at the high, officially closing the gap from last week, and essentially turned lower as it finished at 3,830.</p>\n<p>“The gap-fill and the reversal could be a sign of trouble depicting what likely starts a gap fill lower on the SPX back to 3,785,” he said.</p>\n<p>The chart</p>\n<p>This chart from the Financial Times shows that the number of vaccine doses administered globally has reached the number of confirmed COVID-19 cases worldwide.</p>\n<p><img src=\"https://static.tigerbbs.com/644d35d918861aab3c6df3c278389188\" tg-width=\"508\" tg-height=\"724\">The markets</p>\n<p>U.S. stocks climbed in early trading following better-than-expected jobs data. futuresEuropean stocks also climbedas a number of corporate earnings sparked optimism over the recovery. Asian marketsretreated overnight, however, as caution began to set in.</p>\n<p>The buzz</p>\n<p>Genetic testing company 23andMe isgoing public via a mergerwith Richard Branson’s special purpose acquisition (SPAC) VG Acquisition CorpVGAC,+31.03%,in a deal with an enterprise value of about $3.5 billion, the companies said on Thursday.</p>\n<p>Elon Musk’s TwitterTWTR,+3.54%break didn’t last long. The cryptocurrency dogecoin surged more than 45% early on Thursday after the Tesla chief executivetweeted one word: “doge.”</p>\n<p>In an extraordinarily candid interview with engineering consultant Sandy Munro that aired on YouTube, Muskadvised against buyinga TeslaTSLA,-0.55%during a production ramp-up, agreeing with some criticism of the vehicles.</p>\n<p>NokiaNOKIA,-2.30%NOK,-7.02%stock slipped in early trading, as the telecoms giant beat profit expectations in the fourth quarter but warned 2021 would be achallenging year, with revenues expected to fall to between €20.6 billion and €21.8 billion from €21.9 billion in 2020.</p>\n<p>Oil major Royal Dutch ShellRDSA,-2.01%RDS.A,-0.79%swung to a loss in the fourth quarter and its underlying performance was worse than expected.</p>\n<p>Technology giant AppleAAPL,+2.58%is close to a deal with car maker Hyundai-Kia to make an Apple-branded autonomous electric vehicle,CNBC reported late on Wednesday.</p>\n<p>PayPal’sPYPL,+7.36%profits tripledin the fourth quarter, fueled by accelerated adoption of digital payments during the COVID-19 pandemic. The stock was 5.1% up in premarket trading.</p>","source":"lsy1603348471595","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>Why this signal means the S&P 500 is running out of steam, Wall Street strategist says</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\">\nWhy this signal means the S&P 500 is running out of steam, Wall Street strategist says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-05 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-this-signal-means-the-s-p-500-is-running-out-of-steam-wall-street-strategist-says-11612440982?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There is a lot going on and it’s sending the DowDJIA,+1.08%and S&P 500SPX,+1.09%toward a fourth straight day of gains.\nInvestors are digesting a deluge of corporate earnings, as well as key weekly ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-this-signal-means-the-s-p-500-is-running-out-of-steam-wall-street-strategist-says-11612440982?mod=home-page\">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"},"source_url":"https://www.marketwatch.com/story/why-this-signal-means-the-s-p-500-is-running-out-of-steam-wall-street-strategist-says-11612440982?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187584375","content_text":"There is a lot going on and it’s sending the DowDJIA,+1.08%and S&P 500SPX,+1.09%toward a fourth straight day of gains.\nInvestors are digesting a deluge of corporate earnings, as well as key weekly jobless claims data, showing the lowest number of claims since November.\nAnother event being keenly monitored by investors pertains to the recent GameStopGME,-42.11%frenzy, which has led to wild swings for stocks, including that videogames retailer and the cinema chain AMC EntertainmentAMC,-20.96%,throughusers on Reddit’sWallStreetBets forum.\nTreasury Secretary Janet Yellen isdue to hold a meetingwith the heads of the Securities and Exchange Commission, Federal Reserve Board, Federal Reserve Bank of New York, and Commodity Futures Trading Commission todiscuss the recent volatility.\nU.S. stocks climbed, with the Dow gaining 280 points and the S&P 500 up 0.7% in morning trading.\nInour call of the day, Michael Kramer of Mott Capital Management said U.S. stocks may be at the top end of the range with no more room to rise.\nKramer made the call after the Cboe Volatility Index (VIX)VIX,-4.98%fell more than 10% on Wednesday, closing at 22.9. The index is a closely watched measure of expected stock market volatility.\n“It is stunning to me how quickly the VIX has fallen, given the lack of a move higher the S&P 500 has seen,” he said. Kramer noted that on Nov. 3 the VIX was at 35.6 before taking 10 days to fall to 23, but this time around it has fallen from 37 to 23 in just six days. November’s VIX fall saw the S&P 500 rise more than 8% in the 10-day period, but the index has in comparison climbed just 3.3% this time. “Very different positioning in the market, I guess,” he added.\n“If the VIX is already at the bottom of the range, which as we have talked about in the past, is around 21 to 23, then the S&P 500 will not have enough energy to push it [to] new highs,” Kramer said.\nThe S&P 500 closed 0.1% higher on Wednesday but Kramer said when broken down, it wasn’t a good day for the index, and in fact raised some concerns. “It actually wasn’t a strong day at all because the index reached 3,848 at the high, officially closing the gap from last week, and essentially turned lower as it finished at 3,830.\n“The gap-fill and the reversal could be a sign of trouble depicting what likely starts a gap fill lower on the SPX back to 3,785,” he said.\nThe chart\nThis chart from the Financial Times shows that the number of vaccine doses administered globally has reached the number of confirmed COVID-19 cases worldwide.\nThe markets\nU.S. stocks climbed in early trading following better-than-expected jobs data. futuresEuropean stocks also climbedas a number of corporate earnings sparked optimism over the recovery. Asian marketsretreated overnight, however, as caution began to set in.\nThe buzz\nGenetic testing company 23andMe isgoing public via a mergerwith Richard Branson’s special purpose acquisition (SPAC) VG Acquisition CorpVGAC,+31.03%,in a deal with an enterprise value of about $3.5 billion, the companies said on Thursday.\nElon Musk’s TwitterTWTR,+3.54%break didn’t last long. The cryptocurrency dogecoin surged more than 45% early on Thursday after the Tesla chief executivetweeted one word: “doge.”\nIn an extraordinarily candid interview with engineering consultant Sandy Munro that aired on YouTube, Muskadvised against buyinga TeslaTSLA,-0.55%during a production ramp-up, agreeing with some criticism of the vehicles.\nNokiaNOKIA,-2.30%NOK,-7.02%stock slipped in early trading, as the telecoms giant beat profit expectations in the fourth quarter but warned 2021 would be achallenging year, with revenues expected to fall to between €20.6 billion and €21.8 billion from €21.9 billion in 2020.\nOil major Royal Dutch ShellRDSA,-2.01%RDS.A,-0.79%swung to a loss in the fourth quarter and its underlying performance was worse than expected.\nTechnology giant AppleAAPL,+2.58%is close to a deal with car maker Hyundai-Kia to make an Apple-branded autonomous electric vehicle,CNBC reported late on Wednesday.\nPayPal’sPYPL,+7.36%profits tripledin the fourth quarter, fueled by accelerated adoption of digital payments during the COVID-19 pandemic. The stock was 5.1% up in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":389782415,"gmtCreate":1612798778337,"gmtModify":1703765277410,"author":{"id":"3566609078486065","authorId":"3566609078486065","name":"5c1d7e39","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566609078486065","authorIdStr":"3566609078486065"},"themes":[],"htmlText":"Interesting!&nbsp;","listText":"Interesting!&nbsp;","text":"Interesting!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/389782415","repostId":"2109039248","repostType":2,"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389768543,"gmtCreate":1612799147582,"gmtModify":1703765288587,"author":{"id":"3566609078486065","authorId":"3566609078486065","name":"5c1d7e39","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566609078486065","authorIdStr":"3566609078486065"},"themes":[],"htmlText":"Really very exciting times ahead!&nbsp;//<a href=\"https://laohu8.com/U/3574754020017194\">@eggyy</a>:A rollercoaster indeed!&nbsp;","listText":"Really very exciting times ahead!&nbsp;//<a href=\"https://laohu8.com/U/3574754020017194\">@eggyy</a>:A rollercoaster indeed!&nbsp;","text":"Really very exciting times ahead! //@eggyy:A rollercoaster indeed!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389768543","repostId":"1195153829","repostType":4,"repost":{"id":"1195153829","kind":"news","pubTimestamp":1612781502,"share":"https://www.laohu8.com/m/news/1195153829?lang=&edition=full","pubTime":"2021-02-08 18:51","market":"us","language":"en","title":"Here’s What the GameStop Affair Has Taught Us","url":"https://stock-news.laohu8.com/highlight/detail?id=1195153829","media":"Barrons","summary":"This commentary was issued recently by money managers, research firms, and market newsletter writers","content":"<p><i>This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s.</i></p>\n<p>What GameStop Taught Us</p>\n<p><i>The Weekly Speculator</i></p>\n<p><i>Marketfield Asset Management</i></p>\n<p>marketfield.com</p>\n<p>Feb. 4: After all is said and done, one of the most lasting effects of theGameStop(ticker: GME) episode will be to educate many market participants about the key role and ultimate power held by the clearing institution, the Depository Trust Company. One of the stranger aspects of the affair has been the attempt to paint it as some form of moral crusade, or an opportunity for the “little guy” to get even with Wall Street. The truth is that some large investors lost a great deal of money, while others were well rewarded, just as some small investors will have reaped life-changing sums while others will have lost funds that may prove to be equally impactful. In this sense, the market is a meritocracy, which isn’t quite the same as saying that it is always fair in delivering outcomes.</p>\n<p>What is also clear is that late January saw a very significant degrossing of levered hedge-fund investors, without causing a deep correction in the equity market. The S&amp;P 500 essentially respected support at the 50-day moving average, and didn’t need to move down to 3600, which we had set as a “worst case” target. The Nasdaq 100, Russell 2000, and MSCI Emerging Markets Index didn’t need to touch their corresponding trend support, and all three indexes managed to generate a positive return in January, unlike the S&amp;P 500, which registered a small loss. The subsequent bounce has been rapid and broad, as would be expected from a catalyst that was both technical and ephemeral in nature.</p>\n<p>That it is not a wholly positive or inconsequential affair. The long bull market is now showing signs of developing into a historic mania. This doesn’t mean that a market peak is imminent, but the normative process—whereby what is “appropriate” is ultimately influenced by extremes—means that the levels of risk being taken by the average investor are probably significantly higher than they were pre-Covid.</p>\n<p>—Michael Shaoul, Timothy Brackett</p>\n<p>Heigh-Ho Silver!</p>\n<p><i>The Aden Forecast Weekly Update</i></p>\n<p><i>The Aden Forecast</i></p>\n<p>adenforecast.com</p>\n<p>Feb. 4: Silver caught on fire by zipping up to the August highs near $30 on Monday during the Reddit buying frenzy. Silver was strong anyway, and it’s been holding up well, so whoever pegged silver knew what they were doing. Silver shares also got a big boost upward, and while they have since calmed down, it looks like volatility will stay with us. Silver has been holding above its 15-week moving average since December, and it’ll remain strong by staying above it at $25. The next milestone to surpass is the $30 level, the highs for this bull market. If clearly broken, another leg up will be underway. Keep your silver and silver share positions.</p>\n<p>—Mary Anne and Pamela Aden</p>\n<p>How to Play Oil’s Recent Rally</p>\n<p><i>Daily Insights</i></p>\n<p><i>BCA Research</i></p>\n<p><i>bcaresearch.com</i></p>\n<p>Feb 4: The recent oil rally will have consequences for asset prices beyond the energy market. While higher oil prices benefit oil exporters, they hurt the economies of oil importers, often with a lag.</p>\n<p>A great example of these dynamics is China. The Chinese economy is a large oil importer; hence, rising oil prices act as a tax on Chinese growth. Moreover, Chinese A shares massively overweight tech stocks, which receive no benefit from higher energy prices. In fact, over the past four years, increasing Brent prices reliably lead to a decline in on-shore domestic markets by roughly three months. The current setup is reminiscent of early 2018. Back then, Chinese A shares had been rallying for a few months after oil prices had started to rally. Ultimately, a deceleration in Chinese growth and cautious policy making from Beijing resulted in a powerful selloff of Chinese equities. Today, Chinese growth is once again decelerating and Beijing is conducting some significant regulatory tightening, while the People’s Bank of China is draining liquidity. Thus, a significant correction in Chinese shares is likely this spring.</p>\n<p>A lower-octane strategy to play these dynamics is to go long United Kingdom equities relative to Germany’s while espousing the implicit currency exposure. German equities are extremely underweight energy, and Germany imports its entire oil consumption. Meanwhile, the U.K. benchmark is replete with energy stocks and the U.K. remains an oil producer, even if it imports some of its oil (rising Brent represents a comparatively smaller tax on the U.K. economy). As a side benefit, the pound is very cheap against the euro and the U.K.’s vaccination campaign is massively ahead of the eurozone’s, which could result in earlier economic dividends north of the Channel and hurt the euro/pound in the process.</p>\n<p>—Mathieu Savary and Team</p>\n<p>High-Yield Opportunities</p>\n<p><i>Carret Credit Insight</i></p>\n<p><i>Carret Asset Mangaement</i></p>\n<p>carret.com</p>\n<p>Feb. 3: At year-end 2020, the iBoxx High-Yield Index yielded 4.23%, an all-time low. Spreads also registered record tightness. Low yields aren’t a surprise as investors globally reach for income. The Federal Reserve has backstopped the “fallen angels,” allowing many high-yield (HY) companies to refinance at ever-lower rates and extend upcoming maturities for another day. Strong equity markets are forecasting an earnings rebound, and the vaccines will bring brighter days soon. We continue to find attractive values in the short/intermediate portion of the high-quality HY market.</p>\n<p>We want to share a recent academic study with you regarding the risk and returns in the HY bond market: George Mason Universityrecently publisheda report on HY bond-fund returns and volatility relative to equities (S&amp;P 500). Since 1990, the average HY bond fund has delivered average annualized returns of 7.1% with a volatility of 7.7%. Over the same time period, the S&amp;P 500 delivered an average annualized return of 7.8%, but with almost double the volatility of 14.5%. The conclusion: HY bonds have paid total returns near those of the U.S. stock market with half of the volatility. We believe the HY market will offer competitive returns in the decade ahead, as equity valuations have risen and Treasury yields have plummeted. Our ability to utilize busted convertibles, preferreds, and special-situation income investments enhances our cash-flow opportunities.</p>\n<p>—Jason R. Graybill, Neil D. Klein</p>\n<p>Emerging Markets Blast Off</p>\n<p><i>PCM Report</i></p>\n<p><i>Peak Capital Management</i></p>\n<p>pcmstrategies.com</p>\n<p>Feb. 1: So far, 2021 has been a good year for emerging-market equities. Year to date, theiShares MSCI Emerging Marketsexchange-traded fund (EEM) is higher by roughly 8%, compared to a gain of approximately 3% for theSPDR S&amp;P 500ETF (SPY). Ever since the financial crisis of 2008, emerging markets collectively have woefully lagged U.S. equities.</p>\n<p>What could propel the asset class higher in 20201 and beyond? In the long term, the likely catalyst is demographics. Developed markets such as the U.S. and Europe have aging populations, which could suggest lower productivity and gross-domestic-product growth over the next decade compared to emerging-market economies.</p>\n<p>In its most recent capital-markets report, JPMorgan projected GDP growth across emerging markets to be 3.9% in 2021, compared to 1.6% across developed markets. The report suggests China and India will drive GDP growth, and emerging markets’ productivity and human capital will gradually converge to developed-market levels.</p>\n<p>—Clint Pekrul</p>","source":"lsy1601382232898","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> Here’s What the GameStop Affair Has Taught Us</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\">\n Here’s What the GameStop Affair Has Taught Us\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 18:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/gamestop-episode-offers-lessons-for-investors-51612572300?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s.\nWhat GameStop Taught Us\nThe Weekly Speculator\nMarketfield Asset ...</p>\n\n<a href=\"https://www.barrons.com/articles/gamestop-episode-offers-lessons-for-investors-51612572300?mod=RTA\">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","GME":"游戏驿站",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/gamestop-episode-offers-lessons-for-investors-51612572300?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195153829","content_text":"This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s.\nWhat GameStop Taught Us\nThe Weekly Speculator\nMarketfield Asset Management\nmarketfield.com\nFeb. 4: After all is said and done, one of the most lasting effects of theGameStop(ticker: GME) episode will be to educate many market participants about the key role and ultimate power held by the clearing institution, the Depository Trust Company. One of the stranger aspects of the affair has been the attempt to paint it as some form of moral crusade, or an opportunity for the “little guy” to get even with Wall Street. The truth is that some large investors lost a great deal of money, while others were well rewarded, just as some small investors will have reaped life-changing sums while others will have lost funds that may prove to be equally impactful. In this sense, the market is a meritocracy, which isn’t quite the same as saying that it is always fair in delivering outcomes.\nWhat is also clear is that late January saw a very significant degrossing of levered hedge-fund investors, without causing a deep correction in the equity market. The S&P 500 essentially respected support at the 50-day moving average, and didn’t need to move down to 3600, which we had set as a “worst case” target. The Nasdaq 100, Russell 2000, and MSCI Emerging Markets Index didn’t need to touch their corresponding trend support, and all three indexes managed to generate a positive return in January, unlike the S&P 500, which registered a small loss. The subsequent bounce has been rapid and broad, as would be expected from a catalyst that was both technical and ephemeral in nature.\nThat it is not a wholly positive or inconsequential affair. The long bull market is now showing signs of developing into a historic mania. This doesn’t mean that a market peak is imminent, but the normative process—whereby what is “appropriate” is ultimately influenced by extremes—means that the levels of risk being taken by the average investor are probably significantly higher than they were pre-Covid.\n—Michael Shaoul, Timothy Brackett\nHeigh-Ho Silver!\nThe Aden Forecast Weekly Update\nThe Aden Forecast\nadenforecast.com\nFeb. 4: Silver caught on fire by zipping up to the August highs near $30 on Monday during the Reddit buying frenzy. Silver was strong anyway, and it’s been holding up well, so whoever pegged silver knew what they were doing. Silver shares also got a big boost upward, and while they have since calmed down, it looks like volatility will stay with us. Silver has been holding above its 15-week moving average since December, and it’ll remain strong by staying above it at $25. The next milestone to surpass is the $30 level, the highs for this bull market. If clearly broken, another leg up will be underway. Keep your silver and silver share positions.\n—Mary Anne and Pamela Aden\nHow to Play Oil’s Recent Rally\nDaily Insights\nBCA Research\nbcaresearch.com\nFeb 4: The recent oil rally will have consequences for asset prices beyond the energy market. While higher oil prices benefit oil exporters, they hurt the economies of oil importers, often with a lag.\nA great example of these dynamics is China. The Chinese economy is a large oil importer; hence, rising oil prices act as a tax on Chinese growth. Moreover, Chinese A shares massively overweight tech stocks, which receive no benefit from higher energy prices. In fact, over the past four years, increasing Brent prices reliably lead to a decline in on-shore domestic markets by roughly three months. The current setup is reminiscent of early 2018. Back then, Chinese A shares had been rallying for a few months after oil prices had started to rally. Ultimately, a deceleration in Chinese growth and cautious policy making from Beijing resulted in a powerful selloff of Chinese equities. Today, Chinese growth is once again decelerating and Beijing is conducting some significant regulatory tightening, while the People’s Bank of China is draining liquidity. Thus, a significant correction in Chinese shares is likely this spring.\nA lower-octane strategy to play these dynamics is to go long United Kingdom equities relative to Germany’s while espousing the implicit currency exposure. German equities are extremely underweight energy, and Germany imports its entire oil consumption. Meanwhile, the U.K. benchmark is replete with energy stocks and the U.K. remains an oil producer, even if it imports some of its oil (rising Brent represents a comparatively smaller tax on the U.K. economy). As a side benefit, the pound is very cheap against the euro and the U.K.’s vaccination campaign is massively ahead of the eurozone’s, which could result in earlier economic dividends north of the Channel and hurt the euro/pound in the process.\n—Mathieu Savary and Team\nHigh-Yield Opportunities\nCarret Credit Insight\nCarret Asset Mangaement\ncarret.com\nFeb. 3: At year-end 2020, the iBoxx High-Yield Index yielded 4.23%, an all-time low. Spreads also registered record tightness. Low yields aren’t a surprise as investors globally reach for income. The Federal Reserve has backstopped the “fallen angels,” allowing many high-yield (HY) companies to refinance at ever-lower rates and extend upcoming maturities for another day. Strong equity markets are forecasting an earnings rebound, and the vaccines will bring brighter days soon. We continue to find attractive values in the short/intermediate portion of the high-quality HY market.\nWe want to share a recent academic study with you regarding the risk and returns in the HY bond market: George Mason Universityrecently publisheda report on HY bond-fund returns and volatility relative to equities (S&P 500). Since 1990, the average HY bond fund has delivered average annualized returns of 7.1% with a volatility of 7.7%. Over the same time period, the S&P 500 delivered an average annualized return of 7.8%, but with almost double the volatility of 14.5%. The conclusion: HY bonds have paid total returns near those of the U.S. stock market with half of the volatility. We believe the HY market will offer competitive returns in the decade ahead, as equity valuations have risen and Treasury yields have plummeted. Our ability to utilize busted convertibles, preferreds, and special-situation income investments enhances our cash-flow opportunities.\n—Jason R. Graybill, Neil D. Klein\nEmerging Markets Blast Off\nPCM Report\nPeak Capital Management\npcmstrategies.com\nFeb. 1: So far, 2021 has been a good year for emerging-market equities. Year to date, theiShares MSCI Emerging Marketsexchange-traded fund (EEM) is higher by roughly 8%, compared to a gain of approximately 3% for theSPDR S&P 500ETF (SPY). Ever since the financial crisis of 2008, emerging markets collectively have woefully lagged U.S. equities.\nWhat could propel the asset class higher in 20201 and beyond? In the long term, the likely catalyst is demographics. Developed markets such as the U.S. and Europe have aging populations, which could suggest lower productivity and gross-domestic-product growth over the next decade compared to emerging-market economies.\nIn its most recent capital-markets report, JPMorgan projected GDP growth across emerging markets to be 3.9% in 2021, compared to 1.6% across developed markets. The report suggests China and India will drive GDP growth, and emerging markets’ productivity and human capital will gradually converge to developed-market levels.\n—Clint Pekrul","news_type":1},"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389788103,"gmtCreate":1612798693502,"gmtModify":1703765273625,"author":{"id":"3566609078486065","authorId":"3566609078486065","name":"5c1d7e39","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3566609078486065","authorIdStr":"3566609078486065"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389788103","repostId":"1187584375","repostType":4,"isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}