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2022-01-20

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2022-01-19

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2022-01-15

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Cathie Wood’s ARKK Has Its Largest One-day Capital Outflow in 10-months and Approaches an 18-month Low<blockquote>Cathie Wood旗下ARKK创10个月来最大单日资本流出，逼近18个月低点</blockquote>

2021-12-28

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2021-12-26

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2021-12-25

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2021-12-23

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Singapore Stock Market May Test Resistance At 3,100 Points<blockquote>新加坡股市或测试3100点阻力</blockquote>

2021-12-22

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SoftBank Finalizing $4 Billion Loan From Apollo-Led Group<blockquote>软银敲定阿波罗领导的集团40亿美元贷款</blockquote>

2021-12-21

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2021-12-20

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Nike, Micron, BlackBerry, CarMax, and Other Stocks for Investors to Watch This Week<blockquote>Nike、Micron、黑莓、CarMax等本周值得投资者关注的股票</blockquote>

2021-12-19

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2021-12-11

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08:29","market":"us","language":"en","title":"Cathie Wood’s ARKK Has Its Largest One-day Capital Outflow in 10-months and Approaches an 18-month Low<blockquote>Cathie Wood旗下ARKK创10个月来最大单日资本流出，逼近18个月低点</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163309765","media":"Seeking Alpha","summary":"Cathie Wood's flagship ARK Innovation ETF(NYSEARCA:ARKK)experiences its most significant one day of ","content":"<p><html><head></head><body><ul><li>Cathie Wood&#39;s flagship ARK Innovation ETF(NYSEARCA:ARKK)experiences its most significant one day of capital outflows in 10-months dating back to Mar. of 2021. ARKK experienced $352M exit the door on Wednesday, and over $500M leave the fund over the last two days per Bloomberg data.</li><li>ARKK is also approaching an 18-month trading low as the ETF trades at $79.90 a share. Moreover, the innovation fund is also50%off its all-time trading peak, which took place on Feb. 16. See below chart.</li><img src=\"https://static.tigerbbs.com/8d2c6034061257a8f8343e4eabb4b195\" tg-width=\"1280\" tg-height=\"617\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><blockquote><html><head></head><body><ul><li>Cathie Wood的旗舰ARK Innovation ETF（NYSEARCA：ARKK）经历了自2021年3月以来10个月来最严重的单日资本外流。根据彭博社的数据，ARKK周三有3.52亿美元退出，过去两天有超过5亿美元离开该基金。</li><li>ARKK也接近18个月交易低点，ETF交易价格为每股79.90美元。此外，该创新基金也比2月16日的历史交易峰值低了50%。见下图。</li></ul></body></html></blockquote></p><p><li>ARKK also finds itself down16.8%in 2022, which is quite a step down when comparing the exchange traded fund to the benchmark Vanguard S&amp;P 500 ETF(NYSEARCA:VOO), which is-2.17%and tracks the S&amp;P 500.</li><li>Not supporting ARKK are some of its key holdings, such as Zoom Video Communications(NASDAQ:ZM), which is ARKK&#39;s second-heaviest holding at 6.40%. ZM is currently sitting at a near 20-month low and down55.5%over the last year.</li><li>Moreover, ROKU Inc.(NASDAQ:ROKU), the fund&#39;s fourth-largest weighted stock at 5.94%, is at a 16-month trading low and down58.8%over a one-year time frame.</li><li>Teladoc Health(NYSE:TDOC)ARKK&#39;s third-largest holding at 6.17% touched a near 25-month low earlier this week on Monday and is down66.1%over the past year.</li><li>Selling pressure remains strong for ARKK. Vincent Deluard, global macro strategist at StoneX, stated: &#34;The median ARKK holding has lost 55% since its 52-week high... if insiders are not buying now,why should investors?&#34;</li></ul></body></html></p><p><blockquote><li>ARKK还发现自己在2022年下跌了16.8%，与跟踪标普500的基准先锋标普500 ETF(NYSEARCA：VOO)相比，这是一个相当大的下降。</li><li>不支持ARKK的是其一些主要持股，例如Zoom Video通信（纳斯达克股票代码：ZM），该公司是ARKK的第二大持股，持股比例为6.40%。ZM目前处于近20个月低点，较去年下跌55.5%。</li><li>此外，该基金第四大加权股票ROKU公司（纳斯达克股票代码：ROKU），股价为5.94%，目前处于16个月交易低点，一年内下跌58.8%。</li><li>Teladoc Health(NYSE：TDOC)ARKK的第三大持股比例为6.17%，周一触及近25个月低点，过去一年下跌了66.1%。</li><li>ARKK的抛售压力仍然很大。StoneX全球宏观策略师Vincent Deluard表示：“ARKK持股中位数自52周高点以来已下跌55%……如果内部人士现在不买入，投资者为什么要买入？”</li></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood’s ARKK Has Its Largest One-day Capital Outflow in 10-months and Approaches an 18-month Low<blockquote>Cathie Wood旗下ARKK创10个月来最大单日资本流出，逼近18个月低点</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood’s ARKK Has Its Largest One-day Capital Outflow in 10-months and Approaches an 18-month Low<blockquote>Cathie Wood旗下ARKK创10个月来最大单日资本流出，逼近18个月低点</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2022-01-15 08:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><ul><li>Cathie Wood&#39;s flagship ARK Innovation ETF(NYSEARCA:ARKK)experiences its most significant one day of capital outflows in 10-months dating back to Mar. of 2021. ARKK experienced $352M exit the door on Wednesday, and over $500M leave the fund over the last two days per Bloomberg data.</li><li>ARKK is also approaching an 18-month trading low as the ETF trades at $79.90 a share. Moreover, the innovation fund is also50%off its all-time trading peak, which took place on Feb. 16. See below chart.</li><img src=\"https://static.tigerbbs.com/8d2c6034061257a8f8343e4eabb4b195\" tg-width=\"1280\" tg-height=\"617\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><blockquote><html><head></head><body><ul><li>Cathie Wood的旗舰ARK Innovation ETF（NYSEARCA：ARKK）经历了自2021年3月以来10个月来最严重的单日资本外流。根据彭博社的数据，ARKK周三有3.52亿美元退出，过去两天有超过5亿美元离开该基金。</li><li>ARKK也接近18个月交易低点，ETF交易价格为每股79.90美元。此外，该创新基金也比2月16日的历史交易峰值低了50%。见下图。</li></ul></body></html></blockquote></p><p><li>ARKK also finds itself down16.8%in 2022, which is quite a step down when comparing the exchange traded fund to the benchmark Vanguard S&amp;P 500 ETF(NYSEARCA:VOO), which is-2.17%and tracks the S&amp;P 500.</li><li>Not supporting ARKK are some of its key holdings, such as Zoom Video Communications(NASDAQ:ZM), which is ARKK&#39;s second-heaviest holding at 6.40%. ZM is currently sitting at a near 20-month low and down55.5%over the last year.</li><li>Moreover, ROKU Inc.(NASDAQ:ROKU), the fund&#39;s fourth-largest weighted stock at 5.94%, is at a 16-month trading low and down58.8%over a one-year time frame.</li><li>Teladoc Health(NYSE:TDOC)ARKK&#39;s third-largest holding at 6.17% touched a near 25-month low earlier this week on Monday and is down66.1%over the past year.</li><li>Selling pressure remains strong for ARKK. Vincent Deluard, global macro strategist at StoneX, stated: &#34;The median ARKK holding has lost 55% since its 52-week high... if insiders are not buying now,why should investors?&#34;</li></ul></body></html></p><p><blockquote><li>ARKK还发现自己在2022年下跌了16.8%，与跟踪标普500的基准先锋标普500 ETF(NYSEARCA：VOO)相比，这是一个相当大的下降。</li><li>不支持ARKK的是其一些主要持股，例如Zoom Video通信（纳斯达克股票代码：ZM），该公司是ARKK的第二大持股，持股比例为6.40%。ZM目前处于近20个月低点，较去年下跌55.5%。</li><li>此外，该基金第四大加权股票ROKU公司（纳斯达克股票代码：ROKU），股价为5.94%，目前处于16个月交易低点，一年内下跌58.8%。</li><li>Teladoc Health(NYSE：TDOC)ARKK的第三大持股比例为6.17%，周一触及近25个月低点，过去一年下跌了66.1%。</li><li>ARKK的抛售压力仍然很大。StoneX全球宏观策略师Vincent Deluard表示：“ARKK持股中位数自52周高点以来已下跌55%……如果内部人士现在不买入，投资者为什么要买入？”</li></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3788332-cathie-woods-arkk-has-its-largest-one-day-capital-outflow-in-10-months-and-approaches-an-18-month-low\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF"},"source_url":"https://seekingalpha.com/news/3788332-cathie-woods-arkk-has-its-largest-one-day-capital-outflow-in-10-months-and-approaches-an-18-month-low","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163309765","content_text":"Cathie Wood's flagship ARK Innovation ETF(NYSEARCA:ARKK)experiences its most significant one day of capital outflows in 10-months dating back to Mar. of 2021. ARKK experienced $352M exit the door on Wednesday, and over $500M leave the fund over the last two days per Bloomberg data.ARKK is also approaching an 18-month trading low as the ETF trades at $79.90 a share. Moreover, the innovation fund is also50%off its all-time trading peak, which took place on Feb. 16. See below chart.ARKK also finds itself down16.8%in 2022, which is quite a step down when comparing the exchange traded fund to the benchmark Vanguard S&P 500 ETF(NYSEARCA:VOO), which is-2.17%and tracks the S&P 500.Not supporting ARKK are some of its key holdings, such as Zoom Video Communications(NASDAQ:ZM), which is ARKK's second-heaviest holding at 6.40%. ZM is currently sitting at a near 20-month low and down55.5%over the last year.Moreover, ROKU Inc.(NASDAQ:ROKU), the fund's fourth-largest weighted stock at 5.94%, is at a 16-month trading low and down58.8%over a one-year time frame.Teladoc Health(NYSE:TDOC)ARKK's third-largest holding at 6.17% touched a near 25-month low earlier this week on Monday and is down66.1%over the past year.Selling pressure remains strong for ARKK. Vincent Deluard, global macro strategist at StoneX, stated: \"The median ARKK holding has lost 55% since its 52-week high... if insiders are not buying now,why should investors?\"","news_type":1,"symbols_score_info":{"ARKK":0.9}},"isVote":1,"tweetType":1,"viewCount":2448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696166410,"gmtCreate":1640651460471,"gmtModify":1640651461084,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696166410","repostId":"1127544468","repostType":4,"isVote":1,"tweetType":1,"viewCount":2849,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698430285,"gmtCreate":1640486580825,"gmtModify":1640486581059,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/698430285","repostId":"2193178197","repostType":4,"isVote":1,"tweetType":1,"viewCount":3197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698238549,"gmtCreate":1640401483702,"gmtModify":1640401483898,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698238549","repostId":"1156159690","repostType":4,"isVote":1,"tweetType":1,"viewCount":2955,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691532406,"gmtCreate":1640219443981,"gmtModify":1640219444211,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691532406","repostId":"1160915813","repostType":4,"repost":{"id":"1160915813","kind":"news","pubTimestamp":1640218071,"share":"https://www.laohu8.com/m/news/1160915813?lang=zh_CN&edition=full","pubTime":"2021-12-23 08:07","market":"sg","language":"en","title":"Singapore Stock Market May Test Resistance At 3,100 Points<blockquote>新加坡股市或测试3100点阻力</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160915813","media":"RTTNews","summary":"The Singapore stock market has tracked higher in two straight sessions, gathering almost 15 points o","content":"<p>The Singapore stock market has tracked higher in two straight sessions, gathering almost 15 points or 0.5 percent along the way. The Straits Times Index now sits just above the 3,085-point plateau and it may extend its gains on Wednesday.</p><p><blockquote>新加坡股市连续两个交易日走高，上涨近15点或0.5%。海峡时报指数目前略高于3,085点的高位，周三可能会延续涨势。</blockquote></p><p> The global forecast for the Asian&nbsp;markets&nbsp;remains positive on easing concerns about the Omicron variant of the coronavirus, plus support from crude oil prices. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.</p><p><blockquote>由于对冠状病毒奥密克戎变种的担忧有所缓解，加上原油价格的支撑，全球对亚洲市场的预测仍然乐观。欧洲和美国市场上涨，亚洲股市预计也将以类似的方式开盘。</blockquote></p><p> The STI finished barely higher on Wednesday following gains from the financials and a mixed picture from the industrials.</p><p><blockquote>继金融股上涨和工业股涨跌互现后，海指周三小幅收高。</blockquote></p><p> For the day, the index picked up 2.43 points or 0.08 percent to finish at 3,087.51 after trading between 3,078.71 and 3,098.27. Volume was 844 million shares worth 696.8 million Singapore dollars. There were 207 gainers and 205 decliners.</p><p><blockquote>当天，该指数在3,078.71点至3,098.27点之间交易后，上涨2.43点或0.08%，收于3,087.51点。成交量为8.44亿股，价值6.968亿新元。上涨207家，下跌205家。</blockquote></p><p> Among the actives, Ascendas REIT advanced 0.69 percent, while CapitaLand Integrated Commercial Trust gained 0.51 percent, City Developments tanked 1.05 percent, Dairy Farm International plunged 1.47 percent, DBS Group climbed 0.75 percent, Genting Singapore skidded 0.66 percent, Hongkong Land plummeted 1.92 percent, Keppel Corp retreated 0.59 percent, Mapletree Commercial Trust sank 0.51 percent, Mapletree Logistics Trust declined 0.54 percent, Oversea-Chinese Banking Corporation increased 0.45 percent, SATS fell 0.26 percent, SembCorp Industries rose 0.50 percent, Singapore Airlines tumbled 1.02 percent, Singapore Exchange added 0.66 percent, Singapore Press Holdings jumped 0.86 percent, Singapore Technologies Engineering lost 0.27 percent, SingTel dropped 0.43 percent, Thai Beverage spiked 1.53 percent, United Overseas Bank collected 0.30 percent, Wilmar International slumped 0.99 percent, Yangzijiang Shipbuilding rallied 0.78 percent and Comfort DelGro was unchanged.</p><p><blockquote>活跃股中，腾飞房地产投资信托上涨0.69%，凯德综合商业信托上涨0.51%，城市发展下跌1.05%，奶牛场国际下跌1.47%，星展集团上涨0.75%，云顶新加坡下跌0.66%，香港置地暴跌1.92%，吉宝企业下跌0.59%，丰树商业信托下跌0.51%，丰树物流信托下跌0.54%，华侨银行上涨0.45%，胜科工业上涨0.50%，新加坡航空下跌1.02%，新加坡交易所上涨0.66%，新加坡科技工程下跌0.27%，新加坡电信下跌0.43%，泰国饮料飙升1.53%，大华银行下跌0.30%，丰益国际下跌0.99%，扬子江造船上涨0.78%，舒适德尔高持平。</blockquote></p><p> The lead from Wall Street is solid as the major averages shook off a sluggish start on Wednesday, quickly moving higher and finishing in the green.</p><p><blockquote>华尔街的领先优势稳固，主要股指摆脱了周三的低迷开局，迅速走高并以绿色收盘。</blockquote></p><p> The Dow jumped 261.19 points or 0.74 percent to finish at 35,753.89, while the NASDAQ spiked 180.81 points or 1.18 percent and the S&amp;P 500 climbed 47.33 points or 1.02 percent to end at 4,696.56.</p><p><blockquote>道琼斯指数上涨261.19点，涨幅0.74%，收于35,753.89点；纳斯达克上涨180.81点，涨幅1.18%；标普500上涨47.33点，涨幅1.02%，收于4,696.56点。</blockquote></p><p> The markets drew strength from easing worries about Omicron and U.S. President Joe Biden's remarks that it is still possible to reach a deal with Senator Joe Manchin to push the $2 trillion Build Back Better bill through Congress.</p><p><blockquote>市场从对奥密克戎的担忧缓解以及美国总统乔·拜登的言论中获得了力量，即仍有可能与参议员乔·曼钦达成协议，推动2万亿美元的重建更好法案在国会获得通过。</blockquote></p><p> Adding to the positive sentiment, the Conference Board reported that consumer confidence improved by much more than expected in the month of December.</p><p><blockquote>世界大型企业联合会报告称，12月份消费者信心的改善幅度远高于预期，这加剧了积极的情绪。</blockquote></p><p> Crude oil futures settled sharply higher Wednesday after data showed a larger than expected drop in U.S. crude inventories last week. West Texas Intermediate Crude oil futures for February spiked $1.64 or 2.3 percent at $72.76 a barrel.</p><p><blockquote>原油期货周三大幅收高，此前数据显示上周美国原油库存降幅大于预期。2月份西德克萨斯中质原油期货上涨1.64美元，或2.3%，至每桶72.76美元。</blockquote></p><p> Closer to home, Singapore will release November numbers for consumer prices later today, with forecasts suggesting an increase 0.4 percent on month and 3.4 percent on year. That follows the 0.3 percent monthly increase and the 3.2 percent yearly gain in October. Core CPI is called steady at 1.5 percent on year.</p><p><blockquote>在国内，新加坡将于今天晚些时候发布11月份消费者价格数据，预测显示环比上涨0.4%，同比上涨3.4%。此前，10月份月度涨幅为0.3%，年率涨幅为3.2%。核心CPI同比稳定在1.5%。</blockquote></p><p></p>","source":"lsy1626938412129","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>Singapore Stock Market May Test Resistance At 3,100 Points<blockquote>新加坡股市或测试3100点阻力</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stock Market May Test Resistance At 3,100 Points<blockquote>新加坡股市或测试3100点阻力</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">RTTNews</strong><span class=\"h-time small\">2021-12-23 08:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Singapore stock market has tracked higher in two straight sessions, gathering almost 15 points or 0.5 percent along the way. The Straits Times Index now sits just above the 3,085-point plateau and it may extend its gains on Wednesday.</p><p><blockquote>新加坡股市连续两个交易日走高，上涨近15点或0.5%。海峡时报指数目前略高于3,085点的高位，周三可能会延续涨势。</blockquote></p><p> The global forecast for the Asian&nbsp;markets&nbsp;remains positive on easing concerns about the Omicron variant of the coronavirus, plus support from crude oil prices. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.</p><p><blockquote>由于对冠状病毒奥密克戎变种的担忧有所缓解，加上原油价格的支撑，全球对亚洲市场的预测仍然乐观。欧洲和美国市场上涨，亚洲股市预计也将以类似的方式开盘。</blockquote></p><p> The STI finished barely higher on Wednesday following gains from the financials and a mixed picture from the industrials.</p><p><blockquote>继金融股上涨和工业股涨跌互现后，海指周三小幅收高。</blockquote></p><p> For the day, the index picked up 2.43 points or 0.08 percent to finish at 3,087.51 after trading between 3,078.71 and 3,098.27. Volume was 844 million shares worth 696.8 million Singapore dollars. There were 207 gainers and 205 decliners.</p><p><blockquote>当天，该指数在3,078.71点至3,098.27点之间交易后，上涨2.43点或0.08%，收于3,087.51点。成交量为8.44亿股，价值6.968亿新元。上涨207家，下跌205家。</blockquote></p><p> Among the actives, Ascendas REIT advanced 0.69 percent, while CapitaLand Integrated Commercial Trust gained 0.51 percent, City Developments tanked 1.05 percent, Dairy Farm International plunged 1.47 percent, DBS Group climbed 0.75 percent, Genting Singapore skidded 0.66 percent, Hongkong Land plummeted 1.92 percent, Keppel Corp retreated 0.59 percent, Mapletree Commercial Trust sank 0.51 percent, Mapletree Logistics Trust declined 0.54 percent, Oversea-Chinese Banking Corporation increased 0.45 percent, SATS fell 0.26 percent, SembCorp Industries rose 0.50 percent, Singapore Airlines tumbled 1.02 percent, Singapore Exchange added 0.66 percent, Singapore Press Holdings jumped 0.86 percent, Singapore Technologies Engineering lost 0.27 percent, SingTel dropped 0.43 percent, Thai Beverage spiked 1.53 percent, United Overseas Bank collected 0.30 percent, Wilmar International slumped 0.99 percent, Yangzijiang Shipbuilding rallied 0.78 percent and Comfort DelGro was unchanged.</p><p><blockquote>活跃股中，腾飞房地产投资信托上涨0.69%，凯德综合商业信托上涨0.51%，城市发展下跌1.05%，奶牛场国际下跌1.47%，星展集团上涨0.75%，云顶新加坡下跌0.66%，香港置地暴跌1.92%，吉宝企业下跌0.59%，丰树商业信托下跌0.51%，丰树物流信托下跌0.54%，华侨银行上涨0.45%，胜科工业上涨0.50%，新加坡航空下跌1.02%，新加坡交易所上涨0.66%，新加坡科技工程下跌0.27%，新加坡电信下跌0.43%，泰国饮料飙升1.53%，大华银行下跌0.30%，丰益国际下跌0.99%，扬子江造船上涨0.78%，舒适德尔高持平。</blockquote></p><p> The lead from Wall Street is solid as the major averages shook off a sluggish start on Wednesday, quickly moving higher and finishing in the green.</p><p><blockquote>华尔街的领先优势稳固，主要股指摆脱了周三的低迷开局，迅速走高并以绿色收盘。</blockquote></p><p> The Dow jumped 261.19 points or 0.74 percent to finish at 35,753.89, while the NASDAQ spiked 180.81 points or 1.18 percent and the S&amp;P 500 climbed 47.33 points or 1.02 percent to end at 4,696.56.</p><p><blockquote>道琼斯指数上涨261.19点，涨幅0.74%，收于35,753.89点；纳斯达克上涨180.81点，涨幅1.18%；标普500上涨47.33点，涨幅1.02%，收于4,696.56点。</blockquote></p><p> The markets drew strength from easing worries about Omicron and U.S. President Joe Biden's remarks that it is still possible to reach a deal with Senator Joe Manchin to push the $2 trillion Build Back Better bill through Congress.</p><p><blockquote>市场从对奥密克戎的担忧缓解以及美国总统乔·拜登的言论中获得了力量，即仍有可能与参议员乔·曼钦达成协议，推动2万亿美元的重建更好法案在国会获得通过。</blockquote></p><p> Adding to the positive sentiment, the Conference Board reported that consumer confidence improved by much more than expected in the month of December.</p><p><blockquote>世界大型企业联合会报告称，12月份消费者信心的改善幅度远高于预期，这加剧了积极的情绪。</blockquote></p><p> Crude oil futures settled sharply higher Wednesday after data showed a larger than expected drop in U.S. crude inventories last week. West Texas Intermediate Crude oil futures for February spiked $1.64 or 2.3 percent at $72.76 a barrel.</p><p><blockquote>原油期货周三大幅收高，此前数据显示上周美国原油库存降幅大于预期。2月份西德克萨斯中质原油期货上涨1.64美元，或2.3%，至每桶72.76美元。</blockquote></p><p> Closer to home, Singapore will release November numbers for consumer prices later today, with forecasts suggesting an increase 0.4 percent on month and 3.4 percent on year. That follows the 0.3 percent monthly increase and the 3.2 percent yearly gain in October. Core CPI is called steady at 1.5 percent on year.</p><p><blockquote>在国内，新加坡将于今天晚些时候发布11月份消费者价格数据，预测显示环比上涨0.4%，同比上涨3.4%。此前，10月份月度涨幅为0.3%，年率涨幅为3.2%。核心CPI同比稳定在1.5%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.rttnews.com/3251197/singapore-stock-market-may-test-resistance-at-3100-points.aspx?type=acom\">RTTNews</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3251197/singapore-stock-market-may-test-resistance-at-3100-points.aspx?type=acom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160915813","content_text":"The Singapore stock market has tracked higher in two straight sessions, gathering almost 15 points or 0.5 percent along the way. The Straits Times Index now sits just above the 3,085-point plateau and it may extend its gains on Wednesday.\nThe global forecast for the Asian markets remains positive on easing concerns about the Omicron variant of the coronavirus, plus support from crude oil prices. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.\nThe STI finished barely higher on Wednesday following gains from the financials and a mixed picture from the industrials.\nFor the day, the index picked up 2.43 points or 0.08 percent to finish at 3,087.51 after trading between 3,078.71 and 3,098.27. Volume was 844 million shares worth 696.8 million Singapore dollars. There were 207 gainers and 205 decliners.\nAmong the actives, Ascendas REIT advanced 0.69 percent, while CapitaLand Integrated Commercial Trust gained 0.51 percent, City Developments tanked 1.05 percent, Dairy Farm International plunged 1.47 percent, DBS Group climbed 0.75 percent, Genting Singapore skidded 0.66 percent, Hongkong Land plummeted 1.92 percent, Keppel Corp retreated 0.59 percent, Mapletree Commercial Trust sank 0.51 percent, Mapletree Logistics Trust declined 0.54 percent, Oversea-Chinese Banking Corporation increased 0.45 percent, SATS fell 0.26 percent, SembCorp Industries rose 0.50 percent, Singapore Airlines tumbled 1.02 percent, Singapore Exchange added 0.66 percent, Singapore Press Holdings jumped 0.86 percent, Singapore Technologies Engineering lost 0.27 percent, SingTel dropped 0.43 percent, Thai Beverage spiked 1.53 percent, United Overseas Bank collected 0.30 percent, Wilmar International slumped 0.99 percent, Yangzijiang Shipbuilding rallied 0.78 percent and Comfort DelGro was unchanged.\nThe lead from Wall Street is solid as the major averages shook off a sluggish start on Wednesday, quickly moving higher and finishing in the green.\nThe Dow jumped 261.19 points or 0.74 percent to finish at 35,753.89, while the NASDAQ spiked 180.81 points or 1.18 percent and the S&P 500 climbed 47.33 points or 1.02 percent to end at 4,696.56.\nThe markets drew strength from easing worries about Omicron and U.S. President Joe Biden's remarks that it is still possible to reach a deal with Senator Joe Manchin to push the $2 trillion Build Back Better bill through Congress.\nAdding to the positive sentiment, the Conference Board reported that consumer confidence improved by much more than expected in the month of December.\nCrude oil futures settled sharply higher Wednesday after data showed a larger than expected drop in U.S. crude inventories last week. West Texas Intermediate Crude oil futures for February spiked $1.64 or 2.3 percent at $72.76 a barrel.\nCloser to home, Singapore will release November numbers for consumer prices later today, with forecasts suggesting an increase 0.4 percent on month and 3.4 percent on year. That follows the 0.3 percent monthly increase and the 3.2 percent yearly gain in October. Core CPI is called steady at 1.5 percent on year.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":3008,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691305835,"gmtCreate":1640132972798,"gmtModify":1640132972998,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691305835","repostId":"1177881262","repostType":4,"repost":{"id":"1177881262","kind":"news","pubTimestamp":1640132347,"share":"https://www.laohu8.com/m/news/1177881262?lang=zh_CN&edition=full","pubTime":"2021-12-22 08:19","market":"us","language":"en","title":"SoftBank Finalizing $4 Billion Loan From Apollo-Led Group<blockquote>软银敲定阿波罗领导的集团40亿美元贷款</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1177881262","media":"The Wall Street Journal","summary":"Deal shows Japanese conglomerate’s need for cash and Apollo’s push into lending\nSoftBank, whose hold","content":"<p>Deal shows Japanese conglomerate’s need for cash and Apollo’s push into lending</p><p><blockquote>交易显示了日本企业集团对现金的需求以及阿波罗对贷款的推动</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/400e27a798f458f607897db7db26491e\" tg-width=\"1290\" tg-height=\"860\" referrerpolicy=\"no-referrer\"><span>SoftBank, whose holdings range from Japanese telecoms to European chip makers to Silicon Valley startups, has tapped its various holdings before to borrow.</span></p><p><blockquote><p class=\"t-img-caption\"><span>软银的持股范围从日本电信到欧洲芯片制造商再到硅谷初创公司，此前曾利用其持有的各种持股进行借贷。</span></p></blockquote></p><p> SoftBank Group Corp.&nbsp;is finalizing a $4 billion loan from&nbsp;Apollo Global Management Inc.&nbsp;backed by SoftBank’s stable of technology-startup stakes, as the Japanese conglomerate&nbsp;seeks to weather turbulence in its portfolio.</p><p><blockquote>软银集团(SoftBank Group Corp.)正在敲定从阿波罗全球管理公司(Apollo Global Management Inc.)获得的40亿美元贷款，该贷款由软银稳定的科技初创公司股份提供支持，这家日本企业集团寻求抵御其投资组合的动荡。</blockquote></p><p> The loan would be secured by SoftBank’s second Vision Fund, people familiar with the matter said. That roughly $40 billion pot&nbsp;includes stakes in 150 companies&nbsp;such as Indian e-commerce giant Flipkart; digital-banking startup Revolut; and Cameo, a site where celebrities&nbsp;sell personalized messages. SoftBank can use the money for a range of purposes, one of the people said.</p><p><blockquote>知情人士称，这笔贷款将由软银的第二个愿景基金担保。这笔大约400亿美元的资金包括印度电子商务巨头Flipkart等150家公司的股份；数字银行初创公司Revolut；还有Cameo，一个名人出售个性化信息的网站。其中一位知情人士表示，软银可以将这笔钱用于一系列目的。</blockquote></p><p> The deal between the investing giants shows SoftBank’s ravenous need for cash and highlights&nbsp;Apollo’s push into lending, a territory traditionally dominated by banks.</p><p><blockquote>这两家投资巨头之间的交易显示了软银对现金的贪婪需求，并凸显了阿波罗进军传统上由银行主导的贷款领域。</blockquote></p><p> Using borrowed money to make investments, rather than its own cash, would increase SoftBank’s profits if those bets turn out to be winners—and exaggerate losses if they sour.</p><p><blockquote>使用借来的钱而不是自有现金进行投资，如果这些押注最终成为赢家，将增加软银的利润，如果押注失败，将夸大损失。</blockquote></p><p> SoftBank, whose holdings range from Japanese telecoms to European chip makers and Silicon Valley startups, has previously tapped its various holdings to borrow. Last spring, it arranged an $8 billion loan from a group of banks secured by its stake in Chinese e-commerce giant&nbsp;Alibaba Group Holding&nbsp;Ltd.</p><p><blockquote>软银的持股范围从日本电信到欧洲芯片制造商和硅谷初创公司，此前软银曾利用其持有的各种资产进行借贷。去年春天，该公司以其在中国电子商务巨头阿里巴巴-SW集团控股有限公司的股份为担保，从一组银行获得了80亿美元的贷款。</blockquote></p><p> The initial Vision Fund, launched in 2016 with about $100 billion, was the biggest pool ever assembled for private investing. SoftBank spent it at a brisk pace—on everything from ride-hailing apps including&nbsp;Uber Technologies&nbsp;Inc.&nbsp;to indoor-farming startups and artificial-intelligence companies. It famously bet big on WeWork Inc., the co-working company that&nbsp;flamed out before its eventual listing.</p><p><blockquote>最初的愿景基金于2016年推出，规模约为1000亿美元，是有史以来最大的私人投资基金。软银的支出节奏很快——从优步科技公司（Uber Technologies Inc.）等打车应用到室内农业初创公司和人工智能公司。众所周知，它在WeWork Inc.上下了大赌注，这家联合办公公司在最终上市前就倒闭了。</blockquote></p><p> The fund relied heavily on leverage, with $40 billion of its capital&nbsp;coming in the form of preferred stock&nbsp;carrying a 7% interest rate that is held by Abu Dhabi sovereign-wealth fund Mubadala Investment Co. and Saudi Arabia’s Public Investment Fund. The preferred stock has had the effect of magnifying wins and exacerbating losses.</p><p><blockquote>该基金严重依赖杠杆，其中400亿美元的资本以优先股的形式提供，利率为7%，由阿布扎比主权财富基金穆巴达拉投资公司和沙特阿拉伯公共投资基金持有。优先股具有放大收益、加剧损失的作用。</blockquote></p><p> The sequel fund was to be even bigger, but outside investors stayed away, disillusioned by bad bets such as WeWork and&nbsp;the chaotic way the Vision Fund had operated. SoftBank instead had to rely on its own cash to make investments, but it hasn’t stopped the fund from investing at a breakneck pace that shows no sign of letting up.</p><p><blockquote>续集基金的规模将会更大，但外部投资者对WeWork等糟糕的赌注和愿景基金混乱的运作方式感到失望，纷纷远离。相反，软银不得不依靠自己的现金进行投资，但这并没有阻止该基金以极快的速度进行投资，而且没有任何放松的迹象。</blockquote></p><p> That cash has been in shorter supply. In November,SoftBank reported a $3.5 billion quarterly loss, hurt by&nbsp;China’s&nbsp;tech companies. Its stake in Chinese ride-hailing company&nbsp;Didi Global&nbsp;Inc.,for which it paid $12 billion, was valued at $7.5 billion. The stake in Alibaba, its largest holding, has declined by half over the past year. In total, the value of SoftBank’s assets fell by $54 billion over the previous quarter.</p><p><blockquote>现金一直供不应求。11月，软银报告季度亏损35亿美元，受到中国科技公司的影响。它斥资120亿美元收购了中国网约车公司滴滴出行的股份，估值为75亿美元。其最大持股阿里巴巴-SW的股份在过去一年中减少了一半。总体而言，软银的资产价值比上一季度下降了540亿美元。</blockquote></p><p> “We are in the middle of a blizzard,” SoftBank Chief Executive Masayoshi Son told reporters.</p><p><blockquote>软银首席执行官孙正义对记者表示：“我们正处于暴风雪之中。”</blockquote></p><p> In another setback, the U.S. Federal Trade Commission this month sued to block&nbsp;Nvidia&nbsp;Corp.’s&nbsp;proposed takeover of SoftBank-owned semiconductor-design specialist Arm Holdings,arguing the deal is anticompetitive.</p><p><blockquote>另一个挫折是，美国联邦贸易委员会本月提起诉讼，阻止英伟达公司收购软银旗下半导体设计专家Arm Holdings的提议，认为该交易反竞争。</blockquote></p><p> SoftBank has pledged to spend at least $9 billion buying back its own shares, which have lost about half their value since February. That buyback is on top of a $20 billion share-repurchase program completed earlier this year.</p><p><blockquote>软银承诺斥资至少90亿美元回购自己的股票，自2月份以来，这些股票的价值已经下跌了约一半。此次回购是在今年早些时候完成的200亿美元股票回购计划之上的。</blockquote></p><p> As of the end of September, SoftBank valued the second Vision Fund at $38 billion. Several of its holdings have recently gone public, including Chinese grocery startup&nbsp;Dingdong&nbsp;Ltd.&nbsp;and robotics company&nbsp;AutoStore Holdings&nbsp;Ltd.</p><p><blockquote>截至9月底，软银对第二支愿景基金的估值为380亿美元。其持有的几家公司最近已上市，包括中国杂货初创公司叮咚有限公司和机器人公司AutoStore Holdings Ltd.。</blockquote></p><p> Apollo and its insurance affiliate,Athene Holding&nbsp;Ltd., plan to lead the SoftBank loan, which would bear a mid-single-digit interest rate, joined by a group of investors including mutual funds, endowments and financial institutions, one of the people said.</p><p><blockquote>其中一位知情人士表示，Apollo及其保险子公司Athene Holding Ltd.计划牵头软银贷款，该贷款利率为中个位数，包括共同基金、捐赠基金和金融机构在内的一批投资者也加入了进来。</blockquote></p><p> Providing big loans is increasingly of interest to asset managers and private-equity firms. Last year,Apollo led a $4 billion bankruptcy loan&nbsp;for&nbsp;Hertz Global Holdings&nbsp;Inc.&nbsp;in partnership with Athene. In October, executives said Apollo was on track to make 30 loans of over $1 billion this year, up from one in 2019.</p><p><blockquote>资产管理公司和私募股权公司对提供大额贷款越来越感兴趣。去年，Apollo与Athene合作，为Hertz Global Holdings Inc.提供了40亿美元的破产贷款。10月份，高管们表示，Apollo今年有望发放30笔贷款，金额超过10亿美元，高于2019年的1笔。</blockquote></p><p></p><p> Apollo and some of its peers are often able to underwrite complex deals that a bank wouldn’t touch because they don’t fit neatly into an established category. While most private-equity funds use leverage to do deals, SoftBank’s Vision Fund invests in earlier-stage companies that typically aren’t producing cash flows to support debt.</p><p><blockquote>阿波罗及其一些同行通常能够承销银行不会触及的复杂交易，因为它们不完全符合既定类别。虽然大多数私募股权基金使用杠杆进行交易，但软银的愿景基金投资于通常不会产生现金流来支持债务的早期公司。</blockquote></p><p> Apollo, which expects to complete a deal in January to buy the piece of Athene it doesn’t already own, needs a constant supply of new debt deals in which to invest the insurer’s assets.</p><p><blockquote>阿波罗预计将在一月份完成一项交易，购买其尚未拥有的雅典娜股份，该公司需要不断提供新的债务交易来投资保险公司的资产。</blockquote></p><p> On Monday, Athene said it would buy a company that finances clean-energy projects at commercial properties, the latest in a string of similar deals for lending businesses it has struck this year. This summer, Apollo was the runner-up bidder for&nbsp;GreenSky&nbsp;LLC, a home-improvement and medical lender that is being sold to&nbsp;Goldman Sachs Group&nbsp;Inc.,people familiar with the matter said.</p><p><blockquote>周一，雅典娜表示将收购一家为商业地产清洁能源项目提供融资的公司，这是该公司今年达成的一系列类似贷款业务交易中的最新一起。知情人士称，今年夏天，阿波罗是GreenSky LLC的亚军竞标者，GreenSky LLC是一家家居装修和医疗贷款公司，即将出售给高盛集团(Goldman Sachs Group Inc.)。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoftBank Finalizing $4 Billion Loan From Apollo-Led Group<blockquote>软银敲定阿波罗领导的集团40亿美元贷款</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoftBank Finalizing $4 Billion Loan From Apollo-Led Group<blockquote>软银敲定阿波罗领导的集团40亿美元贷款</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-12-22 08:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Deal shows Japanese conglomerate’s need for cash and Apollo’s push into lending</p><p><blockquote>交易显示了日本企业集团对现金的需求以及阿波罗对贷款的推动</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/400e27a798f458f607897db7db26491e\" tg-width=\"1290\" tg-height=\"860\" referrerpolicy=\"no-referrer\"><span>SoftBank, whose holdings range from Japanese telecoms to European chip makers to Silicon Valley startups, has tapped its various holdings before to borrow.</span></p><p><blockquote><p class=\"t-img-caption\"><span>软银的持股范围从日本电信到欧洲芯片制造商再到硅谷初创公司，此前曾利用其持有的各种持股进行借贷。</span></p></blockquote></p><p> SoftBank Group Corp.&nbsp;is finalizing a $4 billion loan from&nbsp;Apollo Global Management Inc.&nbsp;backed by SoftBank’s stable of technology-startup stakes, as the Japanese conglomerate&nbsp;seeks to weather turbulence in its portfolio.</p><p><blockquote>软银集团(SoftBank Group Corp.)正在敲定从阿波罗全球管理公司(Apollo Global Management Inc.)获得的40亿美元贷款，该贷款由软银稳定的科技初创公司股份提供支持，这家日本企业集团寻求抵御其投资组合的动荡。</blockquote></p><p> The loan would be secured by SoftBank’s second Vision Fund, people familiar with the matter said. That roughly $40 billion pot&nbsp;includes stakes in 150 companies&nbsp;such as Indian e-commerce giant Flipkart; digital-banking startup Revolut; and Cameo, a site where celebrities&nbsp;sell personalized messages. SoftBank can use the money for a range of purposes, one of the people said.</p><p><blockquote>知情人士称，这笔贷款将由软银的第二个愿景基金担保。这笔大约400亿美元的资金包括印度电子商务巨头Flipkart等150家公司的股份；数字银行初创公司Revolut；还有Cameo，一个名人出售个性化信息的网站。其中一位知情人士表示，软银可以将这笔钱用于一系列目的。</blockquote></p><p> The deal between the investing giants shows SoftBank’s ravenous need for cash and highlights&nbsp;Apollo’s push into lending, a territory traditionally dominated by banks.</p><p><blockquote>这两家投资巨头之间的交易显示了软银对现金的贪婪需求，并凸显了阿波罗进军传统上由银行主导的贷款领域。</blockquote></p><p> Using borrowed money to make investments, rather than its own cash, would increase SoftBank’s profits if those bets turn out to be winners—and exaggerate losses if they sour.</p><p><blockquote>使用借来的钱而不是自有现金进行投资，如果这些押注最终成为赢家，将增加软银的利润，如果押注失败，将夸大损失。</blockquote></p><p> SoftBank, whose holdings range from Japanese telecoms to European chip makers and Silicon Valley startups, has previously tapped its various holdings to borrow. Last spring, it arranged an $8 billion loan from a group of banks secured by its stake in Chinese e-commerce giant&nbsp;Alibaba Group Holding&nbsp;Ltd.</p><p><blockquote>软银的持股范围从日本电信到欧洲芯片制造商和硅谷初创公司，此前软银曾利用其持有的各种资产进行借贷。去年春天，该公司以其在中国电子商务巨头阿里巴巴-SW集团控股有限公司的股份为担保，从一组银行获得了80亿美元的贷款。</blockquote></p><p> The initial Vision Fund, launched in 2016 with about $100 billion, was the biggest pool ever assembled for private investing. SoftBank spent it at a brisk pace—on everything from ride-hailing apps including&nbsp;Uber Technologies&nbsp;Inc.&nbsp;to indoor-farming startups and artificial-intelligence companies. It famously bet big on WeWork Inc., the co-working company that&nbsp;flamed out before its eventual listing.</p><p><blockquote>最初的愿景基金于2016年推出，规模约为1000亿美元，是有史以来最大的私人投资基金。软银的支出节奏很快——从优步科技公司（Uber Technologies Inc.）等打车应用到室内农业初创公司和人工智能公司。众所周知，它在WeWork Inc.上下了大赌注，这家联合办公公司在最终上市前就倒闭了。</blockquote></p><p> The fund relied heavily on leverage, with $40 billion of its capital&nbsp;coming in the form of preferred stock&nbsp;carrying a 7% interest rate that is held by Abu Dhabi sovereign-wealth fund Mubadala Investment Co. and Saudi Arabia’s Public Investment Fund. The preferred stock has had the effect of magnifying wins and exacerbating losses.</p><p><blockquote>该基金严重依赖杠杆，其中400亿美元的资本以优先股的形式提供，利率为7%，由阿布扎比主权财富基金穆巴达拉投资公司和沙特阿拉伯公共投资基金持有。优先股具有放大收益、加剧损失的作用。</blockquote></p><p> The sequel fund was to be even bigger, but outside investors stayed away, disillusioned by bad bets such as WeWork and&nbsp;the chaotic way the Vision Fund had operated. SoftBank instead had to rely on its own cash to make investments, but it hasn’t stopped the fund from investing at a breakneck pace that shows no sign of letting up.</p><p><blockquote>续集基金的规模将会更大，但外部投资者对WeWork等糟糕的赌注和愿景基金混乱的运作方式感到失望，纷纷远离。相反，软银不得不依靠自己的现金进行投资，但这并没有阻止该基金以极快的速度进行投资，而且没有任何放松的迹象。</blockquote></p><p> That cash has been in shorter supply. In November,SoftBank reported a $3.5 billion quarterly loss, hurt by&nbsp;China’s&nbsp;tech companies. Its stake in Chinese ride-hailing company&nbsp;Didi Global&nbsp;Inc.,for which it paid $12 billion, was valued at $7.5 billion. The stake in Alibaba, its largest holding, has declined by half over the past year. In total, the value of SoftBank’s assets fell by $54 billion over the previous quarter.</p><p><blockquote>现金一直供不应求。11月，软银报告季度亏损35亿美元，受到中国科技公司的影响。它斥资120亿美元收购了中国网约车公司滴滴出行的股份，估值为75亿美元。其最大持股阿里巴巴-SW的股份在过去一年中减少了一半。总体而言，软银的资产价值比上一季度下降了540亿美元。</blockquote></p><p> “We are in the middle of a blizzard,” SoftBank Chief Executive Masayoshi Son told reporters.</p><p><blockquote>软银首席执行官孙正义对记者表示：“我们正处于暴风雪之中。”</blockquote></p><p> In another setback, the U.S. Federal Trade Commission this month sued to block&nbsp;Nvidia&nbsp;Corp.’s&nbsp;proposed takeover of SoftBank-owned semiconductor-design specialist Arm Holdings,arguing the deal is anticompetitive.</p><p><blockquote>另一个挫折是，美国联邦贸易委员会本月提起诉讼，阻止英伟达公司收购软银旗下半导体设计专家Arm Holdings的提议，认为该交易反竞争。</blockquote></p><p> SoftBank has pledged to spend at least $9 billion buying back its own shares, which have lost about half their value since February. That buyback is on top of a $20 billion share-repurchase program completed earlier this year.</p><p><blockquote>软银承诺斥资至少90亿美元回购自己的股票，自2月份以来，这些股票的价值已经下跌了约一半。此次回购是在今年早些时候完成的200亿美元股票回购计划之上的。</blockquote></p><p> As of the end of September, SoftBank valued the second Vision Fund at $38 billion. Several of its holdings have recently gone public, including Chinese grocery startup&nbsp;Dingdong&nbsp;Ltd.&nbsp;and robotics company&nbsp;AutoStore Holdings&nbsp;Ltd.</p><p><blockquote>截至9月底，软银对第二支愿景基金的估值为380亿美元。其持有的几家公司最近已上市，包括中国杂货初创公司叮咚有限公司和机器人公司AutoStore Holdings Ltd.。</blockquote></p><p> Apollo and its insurance affiliate,Athene Holding&nbsp;Ltd., plan to lead the SoftBank loan, which would bear a mid-single-digit interest rate, joined by a group of investors including mutual funds, endowments and financial institutions, one of the people said.</p><p><blockquote>其中一位知情人士表示，Apollo及其保险子公司Athene Holding Ltd.计划牵头软银贷款，该贷款利率为中个位数，包括共同基金、捐赠基金和金融机构在内的一批投资者也加入了进来。</blockquote></p><p> Providing big loans is increasingly of interest to asset managers and private-equity firms. Last year,Apollo led a $4 billion bankruptcy loan&nbsp;for&nbsp;Hertz Global Holdings&nbsp;Inc.&nbsp;in partnership with Athene. In October, executives said Apollo was on track to make 30 loans of over $1 billion this year, up from one in 2019.</p><p><blockquote>资产管理公司和私募股权公司对提供大额贷款越来越感兴趣。去年，Apollo与Athene合作，为Hertz Global Holdings Inc.提供了40亿美元的破产贷款。10月份，高管们表示，Apollo今年有望发放30笔贷款，金额超过10亿美元，高于2019年的1笔。</blockquote></p><p></p><p> Apollo and some of its peers are often able to underwrite complex deals that a bank wouldn’t touch because they don’t fit neatly into an established category. While most private-equity funds use leverage to do deals, SoftBank’s Vision Fund invests in earlier-stage companies that typically aren’t producing cash flows to support debt.</p><p><blockquote>阿波罗及其一些同行通常能够承销银行不会触及的复杂交易，因为它们不完全符合既定类别。虽然大多数私募股权基金使用杠杆进行交易，但软银的愿景基金投资于通常不会产生现金流来支持债务的早期公司。</blockquote></p><p> Apollo, which expects to complete a deal in January to buy the piece of Athene it doesn’t already own, needs a constant supply of new debt deals in which to invest the insurer’s assets.</p><p><blockquote>阿波罗预计将在一月份完成一项交易，购买其尚未拥有的雅典娜股份，该公司需要不断提供新的债务交易来投资保险公司的资产。</blockquote></p><p> On Monday, Athene said it would buy a company that finances clean-energy projects at commercial properties, the latest in a string of similar deals for lending businesses it has struck this year. This summer, Apollo was the runner-up bidder for&nbsp;GreenSky&nbsp;LLC, a home-improvement and medical lender that is being sold to&nbsp;Goldman Sachs Group&nbsp;Inc.,people familiar with the matter said.</p><p><blockquote>周一，雅典娜表示将收购一家为商业地产清洁能源项目提供融资的公司，这是该公司今年达成的一系列类似贷款业务交易中的最新一起。知情人士称，今年夏天，阿波罗是GreenSky LLC的亚军竞标者，GreenSky LLC是一家家居装修和医疗贷款公司，即将出售给高盛集团(Goldman Sachs Group Inc.)。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/softbank-finalizing-4-billion-loan-from-apollo-led-group-11640104307\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SFTBY":"软银集团"},"source_url":"https://www.wsj.com/articles/softbank-finalizing-4-billion-loan-from-apollo-led-group-11640104307","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177881262","content_text":"Deal shows Japanese conglomerate’s need for cash and Apollo’s push into lending\nSoftBank, whose holdings range from Japanese telecoms to European chip makers to Silicon Valley startups, has tapped its various holdings before to borrow.\nSoftBank Group Corp. is finalizing a $4 billion loan from Apollo Global Management Inc. backed by SoftBank’s stable of technology-startup stakes, as the Japanese conglomerate seeks to weather turbulence in its portfolio.\nThe loan would be secured by SoftBank’s second Vision Fund, people familiar with the matter said. That roughly $40 billion pot includes stakes in 150 companies such as Indian e-commerce giant Flipkart; digital-banking startup Revolut; and Cameo, a site where celebrities sell personalized messages. SoftBank can use the money for a range of purposes, one of the people said.\nThe deal between the investing giants shows SoftBank’s ravenous need for cash and highlights Apollo’s push into lending, a territory traditionally dominated by banks.\nUsing borrowed money to make investments, rather than its own cash, would increase SoftBank’s profits if those bets turn out to be winners—and exaggerate losses if they sour.\nSoftBank, whose holdings range from Japanese telecoms to European chip makers and Silicon Valley startups, has previously tapped its various holdings to borrow. Last spring, it arranged an $8 billion loan from a group of banks secured by its stake in Chinese e-commerce giant Alibaba Group Holding Ltd.\nThe initial Vision Fund, launched in 2016 with about $100 billion, was the biggest pool ever assembled for private investing. SoftBank spent it at a brisk pace—on everything from ride-hailing apps including Uber Technologies Inc. to indoor-farming startups and artificial-intelligence companies. It famously bet big on WeWork Inc., the co-working company that flamed out before its eventual listing.\nThe fund relied heavily on leverage, with $40 billion of its capital coming in the form of preferred stock carrying a 7% interest rate that is held by Abu Dhabi sovereign-wealth fund Mubadala Investment Co. and Saudi Arabia’s Public Investment Fund. The preferred stock has had the effect of magnifying wins and exacerbating losses.\nThe sequel fund was to be even bigger, but outside investors stayed away, disillusioned by bad bets such as WeWork and the chaotic way the Vision Fund had operated. SoftBank instead had to rely on its own cash to make investments, but it hasn’t stopped the fund from investing at a breakneck pace that shows no sign of letting up.\nThat cash has been in shorter supply. In November,SoftBank reported a $3.5 billion quarterly loss, hurt by China’s tech companies. Its stake in Chinese ride-hailing company Didi Global Inc.,for which it paid $12 billion, was valued at $7.5 billion. The stake in Alibaba, its largest holding, has declined by half over the past year. In total, the value of SoftBank’s assets fell by $54 billion over the previous quarter.\n“We are in the middle of a blizzard,” SoftBank Chief Executive Masayoshi Son told reporters.\nIn another setback, the U.S. Federal Trade Commission this month sued to block Nvidia Corp.’s proposed takeover of SoftBank-owned semiconductor-design specialist Arm Holdings,arguing the deal is anticompetitive.\nSoftBank has pledged to spend at least $9 billion buying back its own shares, which have lost about half their value since February. That buyback is on top of a $20 billion share-repurchase program completed earlier this year.\nAs of the end of September, SoftBank valued the second Vision Fund at $38 billion. Several of its holdings have recently gone public, including Chinese grocery startup Dingdong Ltd. and robotics company AutoStore Holdings Ltd.\nApollo and its insurance affiliate,Athene Holding Ltd., plan to lead the SoftBank loan, which would bear a mid-single-digit interest rate, joined by a group of investors including mutual funds, endowments and financial institutions, one of the people said.\nProviding big loans is increasingly of interest to asset managers and private-equity firms. Last year,Apollo led a $4 billion bankruptcy loan for Hertz Global Holdings Inc. in partnership with Athene. In October, executives said Apollo was on track to make 30 loans of over $1 billion this year, up from one in 2019.\nApollo and some of its peers are often able to underwrite complex deals that a bank wouldn’t touch because they don’t fit neatly into an established category. While most private-equity funds use leverage to do deals, SoftBank’s Vision Fund invests in earlier-stage companies that typically aren’t producing cash flows to support debt.\nApollo, which expects to complete a deal in January to buy the piece of Athene it doesn’t already own, needs a constant supply of new debt deals in which to invest the insurer’s assets.\nOn Monday, Athene said it would buy a company that finances clean-energy projects at commercial properties, the latest in a string of similar deals for lending businesses it has struck this year. This summer, Apollo was the runner-up bidder for GreenSky LLC, a home-improvement and medical lender that is being sold to Goldman Sachs Group Inc.,people familiar with the matter said.","news_type":1,"symbols_score_info":{"SFTBY":0.9}},"isVote":1,"tweetType":1,"viewCount":2586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693271816,"gmtCreate":1640045534635,"gmtModify":1640045534868,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693271816","repostId":"1102941409","repostType":4,"isVote":1,"tweetType":1,"viewCount":4423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693986581,"gmtCreate":1639960946553,"gmtModify":1639960946790,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693986581","repostId":"1130704419","repostType":4,"repost":{"id":"1130704419","kind":"news","pubTimestamp":1639953553,"share":"https://www.laohu8.com/m/news/1130704419?lang=zh_CN&edition=full","pubTime":"2021-12-20 06:39","market":"us","language":"en","title":"Nike, Micron, BlackBerry, CarMax, and Other Stocks for Investors to Watch This Week<blockquote>Nike、Micron、黑莓、CarMax等本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130704419","media":"Barrons","summary":"Stock and bond markets around the world will be closed Friday in observance of Christmas. Before the holiday break,Nike and Micron Technology report on Monday,BlackBerry and General Mills on Tuesday, and CarMax,Cintas,and Paychex on Wednesday.It will be a busy week of economic data releases. On Monday, the Conference Board publishes its Leading Economic Index for November, followed by its Consumer Confidence Index for December on Wednesday.On Thursday, the Bureau of Economic Analysis reports per","content":"<p>Stock and bond markets around the world will be closed Friday in observance of Christmas. Before the holiday&nbsp;break,Nike&nbsp;and&nbsp;Micron Technology&nbsp;report on Monday,BlackBerry&nbsp;and&nbsp;General Mills&nbsp;on Tuesday, and&nbsp;CarMax,Cintas,and&nbsp;Paychex&nbsp;on Wednesday.</p><p><blockquote>世界各地的股票和债券市场将于周五休市以庆祝圣诞节。假期前，Nike和Micron Technology将于周一发布报告，黑莓和通用磨坊将于周二发布报告，CarMax、Cintas和Paychex将于周三发布报告。</blockquote></p><p> It will be a busy week of economic data releases. On Monday, the&nbsp;Conference Board publishes its Leading Economic Index for November, followed&nbsp;by its Consumer Confidence Index for December on Wednesday.</p><p><blockquote>这将是经济数据发布繁忙的一周。周一，世界大型企业联合会将公布11月份领先经济指数，随后将于周三公布12月份消费者信心指数。</blockquote></p><p> On Thursday, the&nbsp;Bureau of Economic Analysis reports personal income and consumption expenditures for November. Consumer earnings are forecast to have risen 0.6% while spending is seen climbing 0.5%. The Federal Reserve’s preferred measure of inflation, the core&nbsp;PCE price index, is expected to have spiked 4.5% in November.</p><p><blockquote>周四，经济分析局将公布11月份个人收入和消费支出。消费者收入预计将增长0.6%，而支出预计将增长0.5%。美联储首选的通胀指标核心PCE物价指数预计11月份将飙升4.5%。</blockquote></p><p> Also Thursday, the Census Bureau releases the durable goods report for November, which will provide a window into investment spending in the economy. New orders are forecast to have risen 2.1%. Housing-market indicators out this week include existing-home sales for November on Wednesday and new-home sales for November on Thursday.</p><p><blockquote>同样在周四，人口普查局发布了11月份耐用品报告，这将为了解经济中的投资支出提供一个窗口。新订单预计将增长2.1%。本周公布的房地产市场指标包括周三公布的11月份现房销售和周四公布的11月份新房销售。</blockquote></p><p> <b>Monday 12/20</b></p><p><blockquote><b>星期一12/20</b></blockquote></p><p> Micron Technology and Nike report quarterly results.</p><p><blockquote>美光科技和耐克公布季度业绩。</blockquote></p><p> <b>The Conference Board</b> releases its Leading Economic Index for November. Consensus estimate is for a 119 reading, which would be 0.6% more than October’s level. The Conference Board currently projects a 5% growth rate for fourth-quarter gross domestic product and a slower but still robust 2.6% for 2022.</p><p><blockquote><b>世界大型企业联合会</b>发布11月份领先经济指数。普遍估计读数为119，比10月份的水平高出0.6%。世界大型企业联合会目前预计第四季度国内生产总值增长率为5%，2022年增长率较慢但仍强劲的2.6%。</blockquote></p><p> <b>Tuesday 12/21</b></p><p><blockquote><b>星期二12/21</b></blockquote></p><p> BlackBerry,FactSet Research Systems,and General Mills announce earnings.</p><p><blockquote>黑莓、FactSet Research Systems和通用磨坊公布财报。</blockquote></p><p> <b>Wednesday 12/22</b></p><p><blockquote><b>星期三12/22</b></blockquote></p><p> <b>The NAR reports</b> existing-home sales for November. Economists forecast a seasonally adjusted annual rate of 6.4 million homes sold, slightly more than in October and the highest since the beginning of the year.</p><p><blockquote><b>NAR报告</b>11月份现房销售。经济学家预测，经季节调整后的房屋销售量年率为640万套，略高于10月份，为年初以来的最高水平。</blockquote></p><p> CarMax, Cintas, and Paychex hold conference calls to discuss quarterly results.</p><p><blockquote>CarMax、Cintas和Paychex评级召开会议讨论季度业绩。</blockquote></p><p> <b>The Bureau of Economic</b> Analysis reports its third and final estimate for third-quarter GDP. Economists forecast a 2.1% seasonally adjusted annual growth rate, unchanged from November’s second estimate.</p><p><blockquote><b>经济局</b>分析报告了对第三季度GDP的第三次也是最终估计。经济学家预测，经季节调整后的年增长率为2.1%，与11月的第二次估计持平。</blockquote></p><p> <b>The Conference Board</b> releases its Consumer Confidence Index for December. Expectations are for a 110 reading, roughly even with the November data. The index is 15% lower than the postpandemic peak reached in June of this year, due to concerns about rising prices and, to a lesser degree, Covid-19 variants.</p><p><blockquote><b>世界大型企业联合会</b>发布12月份消费者信心指数。预期读数为110，与11月数据大致持平。该指数比今年6月达到的大流行后峰值低15%，原因是对价格上涨以及较小程度上对Covid-19变种的担忧。</blockquote></p><p> <b>Thursday 12/23</b></p><p><blockquote><b>星期四12/23</b></blockquote></p><p> <b>The Department of Labor</b> reports initial jobless claims for the week ending on Dec. 18. Jobless claims have averaged 225,667 a week in November and December, and have finally reached prepandemic levels.</p><p><blockquote><b>劳工部</b>报告截至12月18日当周首次申请失业救济人数。11月和12月平均每周申请失业救济人数为225,667人，最终达到了大流行前的水平。</blockquote></p><p> <b>The Census Bureau</b> reports new-home sales for November. Consensus estimate is for a seasonally adjusted annual rate of 770,000 new single-family houses sold, 25,000 more than in October. The median sales price of new houses sold in October was $407,700, while the average sales price was $477,800—both record highs.</p><p><blockquote><b>人口普查局</b>报告11月份新房销售。市场普遍估计，经季节调整后的新单户住宅年增长率为77万套，比10月份增加2.5万套。10月份售出的新房销售价格中位数为40.77万美元，而平均销售价格为47.78万美元——均创历史新高。</blockquote></p><p> <b>The BEA reports</b> personal income and consumption expenditures for November. Economists forecast a 0.6% monthly increase for income and 0.5% for consumption. This compares with gains for 0.5% and 1.3%, respectively, in October. The Federal Reserve’s preferred inflation gauge, the core PCE price index, jumped 4.1% year over year in October, the fastest rate since 1991. Predictions are for it to spike 4.6% in November.</p><p><blockquote><b>东亚银行报告</b>11月份个人收入和消费支出。经济学家预测收入每月增长0.6%，消费每月增长0.5%。相比之下，10月份的涨幅分别为0.5%和1.3%。美联储首选的通胀指标核心PCE价格指数10月份同比上涨4.1%，为1991年以来最快增速。预计11月份将飙升4.6%。</blockquote></p><p> <b>The Census Bureau</b> releases the durable goods report for November. New orders for durable manufactured goods are expected to increase 2.1%, to $265.6 billion. Excluding transportation, new orders are seen gaining 0.6%, compared with a 0.5% rise in October.</p><p><blockquote><b>人口普查局</b>发布11月份耐用品报告。耐用品新订单预计将增长2.1%，达到2656亿美元。不包括运输，新订单预计将增长0.6%，而10月份为增长0.5%。</blockquote></p><p> <b>Friday 12/24</b></p><p><blockquote><b>星期五12/24</b></blockquote></p><p> <b>U.S. equity</b>&nbsp;and fixed-income markets are closed in observance of Christmas.</p><p><blockquote><b>美国股票</b>固定收益市场因圣诞节而休市。</blockquote></p><p></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>Nike, Micron, BlackBerry, CarMax, and Other Stocks for Investors to Watch This Week<blockquote>Nike、Micron、黑莓、CarMax等本周值得投资者关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike, Micron, BlackBerry, CarMax, and Other Stocks for Investors to Watch This Week<blockquote>Nike、Micron、黑莓、CarMax等本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-20 06:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stock and bond markets around the world will be closed Friday in observance of Christmas. Before the holiday&nbsp;break,Nike&nbsp;and&nbsp;Micron Technology&nbsp;report on Monday,BlackBerry&nbsp;and&nbsp;General Mills&nbsp;on Tuesday, and&nbsp;CarMax,Cintas,and&nbsp;Paychex&nbsp;on Wednesday.</p><p><blockquote>世界各地的股票和债券市场将于周五休市以庆祝圣诞节。假期前，Nike和Micron Technology将于周一发布报告，黑莓和通用磨坊将于周二发布报告，CarMax、Cintas和Paychex将于周三发布报告。</blockquote></p><p> It will be a busy week of economic data releases. On Monday, the&nbsp;Conference Board publishes its Leading Economic Index for November, followed&nbsp;by its Consumer Confidence Index for December on Wednesday.</p><p><blockquote>这将是经济数据发布繁忙的一周。周一，世界大型企业联合会将公布11月份领先经济指数，随后将于周三公布12月份消费者信心指数。</blockquote></p><p> On Thursday, the&nbsp;Bureau of Economic Analysis reports personal income and consumption expenditures for November. Consumer earnings are forecast to have risen 0.6% while spending is seen climbing 0.5%. The Federal Reserve’s preferred measure of inflation, the core&nbsp;PCE price index, is expected to have spiked 4.5% in November.</p><p><blockquote>周四，经济分析局将公布11月份个人收入和消费支出。消费者收入预计将增长0.6%，而支出预计将增长0.5%。美联储首选的通胀指标核心PCE物价指数预计11月份将飙升4.5%。</blockquote></p><p> Also Thursday, the Census Bureau releases the durable goods report for November, which will provide a window into investment spending in the economy. New orders are forecast to have risen 2.1%. Housing-market indicators out this week include existing-home sales for November on Wednesday and new-home sales for November on Thursday.</p><p><blockquote>同样在周四，人口普查局发布了11月份耐用品报告，这将为了解经济中的投资支出提供一个窗口。新订单预计将增长2.1%。本周公布的房地产市场指标包括周三公布的11月份现房销售和周四公布的11月份新房销售。</blockquote></p><p> <b>Monday 12/20</b></p><p><blockquote><b>星期一12/20</b></blockquote></p><p> Micron Technology and Nike report quarterly results.</p><p><blockquote>美光科技和耐克公布季度业绩。</blockquote></p><p> <b>The Conference Board</b> releases its Leading Economic Index for November. Consensus estimate is for a 119 reading, which would be 0.6% more than October’s level. The Conference Board currently projects a 5% growth rate for fourth-quarter gross domestic product and a slower but still robust 2.6% for 2022.</p><p><blockquote><b>世界大型企业联合会</b>发布11月份领先经济指数。普遍估计读数为119，比10月份的水平高出0.6%。世界大型企业联合会目前预计第四季度国内生产总值增长率为5%，2022年增长率较慢但仍强劲的2.6%。</blockquote></p><p> <b>Tuesday 12/21</b></p><p><blockquote><b>星期二12/21</b></blockquote></p><p> BlackBerry,FactSet Research Systems,and General Mills announce earnings.</p><p><blockquote>黑莓、FactSet Research Systems和通用磨坊公布财报。</blockquote></p><p> <b>Wednesday 12/22</b></p><p><blockquote><b>星期三12/22</b></blockquote></p><p> <b>The NAR reports</b> existing-home sales for November. Economists forecast a seasonally adjusted annual rate of 6.4 million homes sold, slightly more than in October and the highest since the beginning of the year.</p><p><blockquote><b>NAR报告</b>11月份现房销售。经济学家预测，经季节调整后的房屋销售量年率为640万套，略高于10月份，为年初以来的最高水平。</blockquote></p><p> CarMax, Cintas, and Paychex hold conference calls to discuss quarterly results.</p><p><blockquote>CarMax、Cintas和Paychex评级召开会议讨论季度业绩。</blockquote></p><p> <b>The Bureau of Economic</b> Analysis reports its third and final estimate for third-quarter GDP. Economists forecast a 2.1% seasonally adjusted annual growth rate, unchanged from November’s second estimate.</p><p><blockquote><b>经济局</b>分析报告了对第三季度GDP的第三次也是最终估计。经济学家预测，经季节调整后的年增长率为2.1%，与11月的第二次估计持平。</blockquote></p><p> <b>The Conference Board</b> releases its Consumer Confidence Index for December. Expectations are for a 110 reading, roughly even with the November data. The index is 15% lower than the postpandemic peak reached in June of this year, due to concerns about rising prices and, to a lesser degree, Covid-19 variants.</p><p><blockquote><b>世界大型企业联合会</b>发布12月份消费者信心指数。预期读数为110，与11月数据大致持平。该指数比今年6月达到的大流行后峰值低15%，原因是对价格上涨以及较小程度上对Covid-19变种的担忧。</blockquote></p><p> <b>Thursday 12/23</b></p><p><blockquote><b>星期四12/23</b></blockquote></p><p> <b>The Department of Labor</b> reports initial jobless claims for the week ending on Dec. 18. Jobless claims have averaged 225,667 a week in November and December, and have finally reached prepandemic levels.</p><p><blockquote><b>劳工部</b>报告截至12月18日当周首次申请失业救济人数。11月和12月平均每周申请失业救济人数为225,667人，最终达到了大流行前的水平。</blockquote></p><p> <b>The Census Bureau</b> reports new-home sales for November. Consensus estimate is for a seasonally adjusted annual rate of 770,000 new single-family houses sold, 25,000 more than in October. The median sales price of new houses sold in October was $407,700, while the average sales price was $477,800—both record highs.</p><p><blockquote><b>人口普查局</b>报告11月份新房销售。市场普遍估计，经季节调整后的新单户住宅年增长率为77万套，比10月份增加2.5万套。10月份售出的新房销售价格中位数为40.77万美元，而平均销售价格为47.78万美元——均创历史新高。</blockquote></p><p> <b>The BEA reports</b> personal income and consumption expenditures for November. Economists forecast a 0.6% monthly increase for income and 0.5% for consumption. This compares with gains for 0.5% and 1.3%, respectively, in October. The Federal Reserve’s preferred inflation gauge, the core PCE price index, jumped 4.1% year over year in October, the fastest rate since 1991. Predictions are for it to spike 4.6% in November.</p><p><blockquote><b>东亚银行报告</b>11月份个人收入和消费支出。经济学家预测收入每月增长0.6%，消费每月增长0.5%。相比之下，10月份的涨幅分别为0.5%和1.3%。美联储首选的通胀指标核心PCE价格指数10月份同比上涨4.1%，为1991年以来最快增速。预计11月份将飙升4.6%。</blockquote></p><p> <b>The Census Bureau</b> releases the durable goods report for November. New orders for durable manufactured goods are expected to increase 2.1%, to $265.6 billion. Excluding transportation, new orders are seen gaining 0.6%, compared with a 0.5% rise in October.</p><p><blockquote><b>人口普查局</b>发布11月份耐用品报告。耐用品新订单预计将增长2.1%，达到2656亿美元。不包括运输，新订单预计将增长0.6%，而10月份为增长0.5%。</blockquote></p><p> <b>Friday 12/24</b></p><p><blockquote><b>星期五12/24</b></blockquote></p><p> <b>U.S. equity</b>&nbsp;and fixed-income markets are closed in observance of Christmas.</p><p><blockquote><b>美国股票</b>固定收益市场因圣诞节而休市。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/nike-micron-blackberry-carmax-and-other-stocks-for-investors-to-watch-this-week-51639944183?mod=hp_LEAD_5\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","GIS":"通用磨坊","PAYX":"沛齐","CTAS":"信达思","KMX":"车美仕",".SPX":"S&P 500 Index",".DJI":"道琼斯","MU":"美光科技"},"source_url":"https://www.barrons.com/articles/nike-micron-blackberry-carmax-and-other-stocks-for-investors-to-watch-this-week-51639944183?mod=hp_LEAD_5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130704419","content_text":"Stock and bond markets around the world will be closed Friday in observance of Christmas. Before the holiday break,Nike and Micron Technology report on Monday,BlackBerry and General Mills on Tuesday, and CarMax,Cintas,and Paychex on Wednesday.\nIt will be a busy week of economic data releases. On Monday, the Conference Board publishes its Leading Economic Index for November, followed by its Consumer Confidence Index for December on Wednesday.\nOn Thursday, the Bureau of Economic Analysis reports personal income and consumption expenditures for November. Consumer earnings are forecast to have risen 0.6% while spending is seen climbing 0.5%. The Federal Reserve’s preferred measure of inflation, the core PCE price index, is expected to have spiked 4.5% in November.\nAlso Thursday, the Census Bureau releases the durable goods report for November, which will provide a window into investment spending in the economy. New orders are forecast to have risen 2.1%. Housing-market indicators out this week include existing-home sales for November on Wednesday and new-home sales for November on Thursday.\nMonday 12/20\nMicron Technology and Nike report quarterly results.\nThe Conference Board releases its Leading Economic Index for November. Consensus estimate is for a 119 reading, which would be 0.6% more than October’s level. The Conference Board currently projects a 5% growth rate for fourth-quarter gross domestic product and a slower but still robust 2.6% for 2022.\nTuesday 12/21\nBlackBerry,FactSet Research Systems,and General Mills announce earnings.\nWednesday 12/22\nThe NAR reports existing-home sales for November. Economists forecast a seasonally adjusted annual rate of 6.4 million homes sold, slightly more than in October and the highest since the beginning of the year.\nCarMax, Cintas, and Paychex hold conference calls to discuss quarterly results.\nThe Bureau of Economic Analysis reports its third and final estimate for third-quarter GDP. Economists forecast a 2.1% seasonally adjusted annual growth rate, unchanged from November’s second estimate.\nThe Conference Board releases its Consumer Confidence Index for December. Expectations are for a 110 reading, roughly even with the November data. The index is 15% lower than the postpandemic peak reached in June of this year, due to concerns about rising prices and, to a lesser degree, Covid-19 variants.\nThursday 12/23\nThe Department of Labor reports initial jobless claims for the week ending on Dec. 18. Jobless claims have averaged 225,667 a week in November and December, and have finally reached prepandemic levels.\nThe Census Bureau reports new-home sales for November. Consensus estimate is for a seasonally adjusted annual rate of 770,000 new single-family houses sold, 25,000 more than in October. The median sales price of new houses sold in October was $407,700, while the average sales price was $477,800—both record highs.\nThe BEA reports personal income and consumption expenditures for November. Economists forecast a 0.6% monthly increase for income and 0.5% for consumption. This compares with gains for 0.5% and 1.3%, respectively, in October. The Federal Reserve’s preferred inflation gauge, the core PCE price index, jumped 4.1% year over year in October, the fastest rate since 1991. Predictions are for it to spike 4.6% in November.\nThe Census Bureau releases the durable goods report for November. New orders for durable manufactured goods are expected to increase 2.1%, to $265.6 billion. Excluding transportation, new orders are seen gaining 0.6%, compared with a 0.5% rise in October.\nFriday 12/24\nU.S. equity and fixed-income markets are closed in observance of 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07:19","market":"hk","language":"en","title":"Hong Kong stock exchange delays morning trading session due to typhoon<blockquote>港交所因台风推迟早盘交易时段</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116686750","media":"forexlive","summary":"HKEX says that with storm signal in effect the session is delayed.\nSecurities, derivates trade delay","content":"<p><div> HKEX says that with storm signal in effect the session is delayed. Securities, derivates trade delayed opening.</p><p><blockquote><div>港交所表示，由于风暴信号生效，会议将推迟。证券、衍生品交易延迟开放。</div></blockquote></p><p>  <a href=\"https://www.forexlive.com/news/!/hong-kong-stock-exchange-delays-morning-trading-session-due-to-typhoon-20211012\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.forexlive.com/news/!/hong-kong-stock-exchange-delays-morning-trading-session-due-to-typhoon-20211012\">网页连接</a></blockquote></p><p></p>","source":"lsy1623168602413","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>Hong Kong stock exchange delays morning trading session due to typhoon<blockquote>港交所因台风推迟早盘交易时段</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong stock exchange delays morning trading session due to typhoon<blockquote>港交所因台风推迟早盘交易时段</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">forexlive</strong><span class=\"h-time small\">2021-10-13 07:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> HKEX says that with storm signal in effect the session is delayed. Securities, derivates trade delayed opening.</p><p><blockquote><div>港交所表示，由于风暴信号生效，会议将推迟。证券、衍生品交易延迟开放。</div></blockquote></p><p>  <a href=\"https://www.forexlive.com/news/!/hong-kong-stock-exchange-delays-morning-trading-session-due-to-typhoon-20211012\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.forexlive.com/news/!/hong-kong-stock-exchange-delays-morning-trading-session-due-to-typhoon-20211012\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.forexlive.com/news/!/hong-kong-stock-exchange-delays-morning-trading-session-due-to-typhoon-20211012\">forexlive</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","HSCEI":"国企指数","HSCCI":"红筹指数","HSTECH":"恒生科技指数"},"source_url":"https://www.forexlive.com/news/!/hong-kong-stock-exchange-delays-morning-trading-session-due-to-typhoon-20211012","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116686750","content_text":"HKEX says that with storm signal in effect the session is delayed.\nSecurities, derivates trade delayed opening.","news_type":1,"symbols_score_info":{"HSCCI":0.9,"HSCEI":0.9,"HSI":0.9,"HSTECH":0.9}},"isVote":1,"tweetType":1,"viewCount":746,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":815094747,"gmtCreate":1630628807189,"gmtModify":1631884002773,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/815094747","repostId":"1191815337","repostType":4,"repost":{"id":"1191815337","kind":"news","pubTimestamp":1630627840,"share":"https://www.laohu8.com/m/news/1191815337?lang=zh_CN&edition=full","pubTime":"2021-09-03 08:10","market":"us","language":"en","title":"The Options 'Tail' Will Continue To Wag The Stock Market's 'Dog'... Until Mid-September<blockquote>期权“尾巴”将继续摇股市的“狗”...直到九月中旬</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191815337","media":"zerohedge","summary":"From \"gamma hammers\" to \"gamma unclenching\", the cycles of pump, dump, and BTFD has been unrelenting","content":"<p>From \"gamma hammers\" to \"gamma unclenching\", the cycles of pump, dump, and BTFD has been unrelenting this year, with the pattern around options expirations becoming more and more pronounced since May...</p><p><blockquote>从“伽马锤子”到“伽马松开”，今年以来，泵、转储和BTFD的周期一直有增无减，自5月份以来，围绕期权到期的模式变得越来越明显……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7076de5ca2ad0449cc411eb7af1aaf37\" tg-width=\"966\" tg-height=\"528\" width=\"100%\" height=\"auto\">Nomura's Charlie McElligott notes that<b>the (options market) “tail” continues to wag the (cash equities market) “dog,” crunched by “yield enhancement” / “income generating” overwriting flows</b>(that even The FT is starting to pay attention to).</p><p><blockquote>野村证券的Charlie McElligott指出<b>（期权市场）“尾巴”继续摇着（现金股票市场）“狗”，受到“收益率增强”/“创收”覆盖流的挤压</b>（就连英国《金融时报》也开始关注这一点）。</blockquote></p><p> The surge into these 'overwriting' funds...</p><p><blockquote>这些“覆盖”基金的激增...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ca90f6652e83b4d50274c525d9d8e0f0\" tg-width=\"738\" tg-height=\"466\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> ...has stuffed dealers to the gills with gamma and delta exposures at extreme levels...</p><p><blockquote>...让毒贩们吃了大量的伽马和德尔塔暴露....</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6477f30c8b5147bbb69d941e6aeebfe3\" tg-width=\"1037\" tg-height=\"314\" width=\"100%\" height=\"auto\">For some context on what this means, the Nomura strategist explains:</p><p><blockquote>对于这意味着什么的一些背景，野村证券策略师解释道：</blockquote></p><p>   The cumulative flows from the “Gamma Hammer” strangle-seller alone (2 clips a day, ~3x’s a week in approximately 2-3 week expiration 20d strangles) has Dealers long ~$3B in Gamma (and at a cost of nearly ~5.0mm / day in decay) -  <b>which means that for a generic 100bps selloff, desks would in theory be in the mkt buying ~$2.5B of futures - which in-turn prevents any nascent selloff from developing thanks to said “insulation”</b>  Which is obvious when we see there hasn't been a 3bps drawdown since May...</p><p><blockquote>仅来自“Gamma Hammer”扼杀卖家的累积流量（每天2个剪辑，每周约3次，大约2-3周到期20d扼杀）就让经销商在Gamma中做多约30亿美元（并且成本接近约5.0毫米/天衰减）-<b>这意味着，对于一般的100个基点的抛售，理论上，柜台将在市场上购买约2.5 B美元的期货——这反过来又由于所说的“绝缘”而防止了任何新生的抛售的发展</b>当我们看到自5月份以来没有出现3个基点的下降时，这一点是显而易见的...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/26b7bf4799004c692996b8cba846acf4\" tg-width=\"1256\" tg-height=\"555\" width=\"100%\" height=\"auto\">But, McElligott's<b>focus is on the mid-September period as the point where US Equities may locally “peak”:</b></p><p><blockquote>但是McElligott的<b>重点关注9月中旬，美股可能局部“见顶”：</b></blockquote></p><p>   <b>...</b>as the now well-publicized Op-Ex cycle “volatility expansion” phenomenon&nbsp;  <i>(VIX 15th, index / ETFs 17th&nbsp;and set-up for</i>  <i><b>another large “Gamma unclench”</b></i>  <i>occurring while then too losing aforementioned Vanna- and Charm- supports into this large serial / qtrly expiration)</i>&nbsp;  <b>coinciding with the “buyback blackout”</b>kicking-off for US Financials in that 3rd&nbsp;week of September…  <i>and</i>  <i><b>all ahead of the FOMC on the 22nd</b></i>  Specifically, McElligott notes that<b>The Fed timing here is particularly meaningful</b>- not because the potential for an “official” announcement of “tapering” is some massive deal to markets (I believe we are well past that now) - but more because the potential for movement in the Committee’s economic projections and thus, the “dots,” which could cause some Rates upheaval after being firmly parked within their own range-trade hellscape for the past two months themselves (UST 10Y yields ~1.10-1.40).</p><p><blockquote><b>...</b>作为现在广为人知的Op-Ex周期“波动扩张”现象<i>（VIX第15位，指数/ETF第17位以及</i><i><b>又一次大型“伽马解锁”</b></i><i>同时也失去了前面提到的Vanna和Charm支持进入这个大的连续/季度到期）</i> <b>恰逢“回购大停电”</b>美国金融股将于九月第三周拉开帷幕……<i>和</i><i><b>都在22日FOMC之前</b></i>具体来说，McElligott指出<b>美联储在这里的时机特别有意义</b>-不是因为“官方”宣布“缩减规模”的可能性对市场来说是一件大事（我相信我们现在已经远远超过了这一点）-而是因为委员会的经济预测以及“圆点”可能会发生变动，这可能会在过去两个月牢牢地停留在自己的区间内后引起一些利率剧变——交易地狱般的景象（UST 10年期收益率约为1.10-1.40）。</blockquote></p><p> And because of the potential for US Rates volatility around / after the 22nd Fed meeting as the market resets expectations on both the future path of hikes (off the new economic projections) and tapering,<b>I think this “event risk” could then decrease the supply of “short vol” which has been conditioned to step-in the moment that volatility typically expands</b>(i.e. around the Op-Ex cycle, which has finally gone “mainstream” and seemingly now trades like it too….see this past weekend’s write-up from Bloomberg “Options Turn Upheavals Into a Mid-Month Sure Thing for S&amp;P 500”).</p><p><blockquote>而且由于随着市场重新设定对未来加息路径（脱离新的经济预测）和缩减购债规模的预期，美国利率在第22次美联储会议前后可能会出现波动，<b>我认为这种“事件风险”可能会减少“空头vol”的供应，空头vol已经习惯于在波动性通常扩大的时刻介入</b>（即围绕Op-Ex周期，它最终成为“主流”，现在似乎也像它一样交易…参见上周末彭博的文章“期权将剧变变成标普500月中的必然事件”）。</blockquote></p><p> <b>This could mean a longer period without the support that comes from said “short vol” flows reflexively swooping-in to save the day, which over the past decade + have acted to reset nascent spikes in volatility and stop the bleeding</b>—IF this time we were to see those flows on hold due to the FOMC event risk a week later, their potential absence could allow for the “delta one” flow to hold more sway than usual of late (all that EPIC $Delta from index / ETF options as a source of de-risking flow, as well as Vol Control strategy de-allocation supply into an rVol move higher off of such an absolutely low base).</p><p><blockquote><b>这可能意味着在更长的一段时间内，没有来自所述“空头波动”流的支持，这些“空头波动”流反射性地猛扑来挽救局面，在过去十多年中，这些流已经起到了重置波动性峰值并止血的作用</b>-如果这一次我们在一周后看到这些流量因FOMC事件风险而被搁置，它们的潜在缺席可能会让“delta one”流量最近比平时拥有更大的影响力（所有史诗般的$Delta来自指数/ETF期权作为去风险流量的来源，以及Vol控制策略将供应去分配到rVol中，使其从如此绝对低的基数上走高）。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Until Mid-September<blockquote>期权“尾巴”将继续摇股市的“狗”...直到九月中旬</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Options 'Tail' Will Continue To Wag The Stock Market's 'Dog'... Until Mid-September<blockquote>期权“尾巴”将继续摇股市的“狗”...直到九月中旬</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-09-03 08:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>From \"gamma hammers\" to \"gamma unclenching\", the cycles of pump, dump, and BTFD has been unrelenting this year, with the pattern around options expirations becoming more and more pronounced since May...</p><p><blockquote>从“伽马锤子”到“伽马松开”，今年以来，泵、转储和BTFD的周期一直有增无减，自5月份以来，围绕期权到期的模式变得越来越明显……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7076de5ca2ad0449cc411eb7af1aaf37\" tg-width=\"966\" tg-height=\"528\" width=\"100%\" height=\"auto\">Nomura's Charlie McElligott notes that<b>the (options market) “tail” continues to wag the (cash equities market) “dog,” crunched by “yield enhancement” / “income generating” overwriting flows</b>(that even The FT is starting to pay attention to).</p><p><blockquote>野村证券的Charlie McElligott指出<b>（期权市场）“尾巴”继续摇着（现金股票市场）“狗”，受到“收益率增强”/“创收”覆盖流的挤压</b>（就连英国《金融时报》也开始关注这一点）。</blockquote></p><p> The surge into these 'overwriting' funds...</p><p><blockquote>这些“覆盖”基金的激增...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ca90f6652e83b4d50274c525d9d8e0f0\" tg-width=\"738\" tg-height=\"466\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> ...has stuffed dealers to the gills with gamma and delta exposures at extreme levels...</p><p><blockquote>...让毒贩们吃了大量的伽马和德尔塔暴露....</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6477f30c8b5147bbb69d941e6aeebfe3\" tg-width=\"1037\" tg-height=\"314\" width=\"100%\" height=\"auto\">For some context on what this means, the Nomura strategist explains:</p><p><blockquote>对于这意味着什么的一些背景，野村证券策略师解释道：</blockquote></p><p>   The cumulative flows from the “Gamma Hammer” strangle-seller alone (2 clips a day, ~3x’s a week in approximately 2-3 week expiration 20d strangles) has Dealers long ~$3B in Gamma (and at a cost of nearly ~5.0mm / day in decay) -  <b>which means that for a generic 100bps selloff, desks would in theory be in the mkt buying ~$2.5B of futures - which in-turn prevents any nascent selloff from developing thanks to said “insulation”</b>  Which is obvious when we see there hasn't been a 3bps drawdown since May...</p><p><blockquote>仅来自“Gamma Hammer”扼杀卖家的累积流量（每天2个剪辑，每周约3次，大约2-3周到期20d扼杀）就让经销商在Gamma中做多约30亿美元（并且成本接近约5.0毫米/天衰减）-<b>这意味着，对于一般的100个基点的抛售，理论上，柜台将在市场上购买约2.5 B美元的期货——这反过来又由于所说的“绝缘”而防止了任何新生的抛售的发展</b>当我们看到自5月份以来没有出现3个基点的下降时，这一点是显而易见的...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/26b7bf4799004c692996b8cba846acf4\" tg-width=\"1256\" tg-height=\"555\" width=\"100%\" height=\"auto\">But, McElligott's<b>focus is on the mid-September period as the point where US Equities may locally “peak”:</b></p><p><blockquote>但是McElligott的<b>重点关注9月中旬，美股可能局部“见顶”：</b></blockquote></p><p>   <b>...</b>as the now well-publicized Op-Ex cycle “volatility expansion” phenomenon&nbsp;  <i>(VIX 15th, index / ETFs 17th&nbsp;and set-up for</i>  <i><b>another large “Gamma unclench”</b></i>  <i>occurring while then too losing aforementioned Vanna- and Charm- supports into this large serial / qtrly expiration)</i>&nbsp;  <b>coinciding with the “buyback blackout”</b>kicking-off for US Financials in that 3rd&nbsp;week of September…  <i>and</i>  <i><b>all ahead of the FOMC on the 22nd</b></i>  Specifically, McElligott notes that<b>The Fed timing here is particularly meaningful</b>- not because the potential for an “official” announcement of “tapering” is some massive deal to markets (I believe we are well past that now) - but more because the potential for movement in the Committee’s economic projections and thus, the “dots,” which could cause some Rates upheaval after being firmly parked within their own range-trade hellscape for the past two months themselves (UST 10Y yields ~1.10-1.40).</p><p><blockquote><b>...</b>作为现在广为人知的Op-Ex周期“波动扩张”现象<i>（VIX第15位，指数/ETF第17位以及</i><i><b>又一次大型“伽马解锁”</b></i><i>同时也失去了前面提到的Vanna和Charm支持进入这个大的连续/季度到期）</i> <b>恰逢“回购大停电”</b>美国金融股将于九月第三周拉开帷幕……<i>和</i><i><b>都在22日FOMC之前</b></i>具体来说，McElligott指出<b>美联储在这里的时机特别有意义</b>-不是因为“官方”宣布“缩减规模”的可能性对市场来说是一件大事（我相信我们现在已经远远超过了这一点）-而是因为委员会的经济预测以及“圆点”可能会发生变动，这可能会在过去两个月牢牢地停留在自己的区间内后引起一些利率剧变——交易地狱般的景象（UST 10年期收益率约为1.10-1.40）。</blockquote></p><p> And because of the potential for US Rates volatility around / after the 22nd Fed meeting as the market resets expectations on both the future path of hikes (off the new economic projections) and tapering,<b>I think this “event risk” could then decrease the supply of “short vol” which has been conditioned to step-in the moment that volatility typically expands</b>(i.e. around the Op-Ex cycle, which has finally gone “mainstream” and seemingly now trades like it too….see this past weekend’s write-up from Bloomberg “Options Turn Upheavals Into a Mid-Month Sure Thing for S&amp;P 500”).</p><p><blockquote>而且由于随着市场重新设定对未来加息路径（脱离新的经济预测）和缩减购债规模的预期，美国利率在第22次美联储会议前后可能会出现波动，<b>我认为这种“事件风险”可能会减少“空头vol”的供应，空头vol已经习惯于在波动性通常扩大的时刻介入</b>（即围绕Op-Ex周期，它最终成为“主流”，现在似乎也像它一样交易…参见上周末彭博的文章“期权将剧变变成标普500月中的必然事件”）。</blockquote></p><p> <b>This could mean a longer period without the support that comes from said “short vol” flows reflexively swooping-in to save the day, which over the past decade + have acted to reset nascent spikes in volatility and stop the bleeding</b>—IF this time we were to see those flows on hold due to the FOMC event risk a week later, their potential absence could allow for the “delta one” flow to hold more sway than usual of late (all that EPIC $Delta from index / ETF options as a source of de-risking flow, as well as Vol Control strategy de-allocation supply into an rVol move higher off of such an absolutely low base).</p><p><blockquote><b>这可能意味着在更长的一段时间内，没有来自所述“空头波动”流的支持，这些“空头波动”流反射性地猛扑来挽救局面，在过去十多年中，这些流已经起到了重置波动性峰值并止血的作用</b>-如果这一次我们在一周后看到这些流量因FOMC事件风险而被搁置，它们的潜在缺席可能会让“delta one”流量最近比平时拥有更大的影响力（所有史诗般的$Delta来自指数/ETF期权作为去风险流量的来源，以及Vol控制策略将供应去分配到rVol中，使其从如此绝对低的基数上走高）。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/options-tail-will-continue-wag-stock-markets-dog-until-mid-september\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/options-tail-will-continue-wag-stock-markets-dog-until-mid-september","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191815337","content_text":"From \"gamma hammers\" to \"gamma unclenching\", the cycles of pump, dump, and BTFD has been unrelenting this year, with the pattern around options expirations becoming more and more pronounced since May...\nNomura's Charlie McElligott notes thatthe (options market) “tail” continues to wag the (cash equities market) “dog,” crunched by “yield enhancement” / “income generating” overwriting flows(that even The FT is starting to pay attention to).\nThe surge into these 'overwriting' funds...\n\n...has stuffed dealers to the gills with gamma and delta exposures at extreme levels...\nFor some context on what this means, the Nomura strategist explains:\n\n The cumulative flows from the “Gamma Hammer” strangle-seller alone (2 clips a day, ~3x’s a week in approximately 2-3 week expiration 20d strangles) has Dealers long ~$3B in Gamma (and at a cost of nearly ~5.0mm / day in decay) -\n which means that for a generic 100bps selloff, desks would in theory be in the mkt buying ~$2.5B of futures - which in-turn prevents any nascent selloff from developing thanks to said “insulation”\n\nWhich is obvious when we see there hasn't been a 3bps drawdown since May...\nBut, McElligott'sfocus is on the mid-September period as the point where US Equities may locally “peak”:\n\n...as the now well-publicized Op-Ex cycle “volatility expansion” phenomenon \n (VIX 15th, index / ETFs 17th and set-up for\nanother large “Gamma unclench”\noccurring while then too losing aforementioned Vanna- and Charm- supports into this large serial / qtrly expiration) \n coinciding with the “buyback blackout”kicking-off for US Financials in that 3rd week of September…\n and\nall ahead of the FOMC on the 22nd\n\nSpecifically, McElligott notes thatThe Fed timing here is particularly meaningful- not because the potential for an “official” announcement of “tapering” is some massive deal to markets (I believe we are well past that now) - but more because the potential for movement in the Committee’s economic projections and thus, the “dots,” which could cause some Rates upheaval after being firmly parked within their own range-trade hellscape for the past two months themselves (UST 10Y yields ~1.10-1.40).\nAnd because of the potential for US Rates volatility around / after the 22nd Fed meeting as the market resets expectations on both the future path of hikes (off the new economic projections) and tapering,I think this “event risk” could then decrease the supply of “short vol” which has been conditioned to step-in the moment that volatility typically expands(i.e. around the Op-Ex cycle, which has finally gone “mainstream” and seemingly now trades like it too….see this past weekend’s write-up from Bloomberg “Options Turn Upheavals Into a Mid-Month Sure Thing for S&P 500”).\nThis could mean a longer period without the support that comes from said “short vol” flows reflexively swooping-in to save the day, which over the past decade + have acted to reset nascent spikes in volatility and stop the bleeding—IF this time we were to see those flows on hold due to the FOMC event risk a week later, their potential absence could allow for the “delta one” flow to hold more sway than usual of late (all that EPIC $Delta from index / ETF options as a source of de-risking flow, as well as Vol Control strategy de-allocation supply into an rVol move higher off of such an absolutely low base).","news_type":1,"symbols_score_info":{"SPY":0.9,".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812075504,"gmtCreate":1630543999808,"gmtModify":1631888374475,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/812075504","repostId":"2164481914","repostType":4,"isVote":1,"tweetType":1,"viewCount":528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810293549,"gmtCreate":1629978146481,"gmtModify":1631888374558,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/810293549","repostId":"1131132146","repostType":4,"repost":{"id":"1131132146","kind":"news","pubTimestamp":1629977943,"share":"https://www.laohu8.com/m/news/1131132146?lang=zh_CN&edition=full","pubTime":"2021-08-26 19:39","market":"us","language":"en","title":"Pfizer, BioNTech team up with Brazil’s Eurofarma to make COVID-19 vaccine for Latin America<blockquote>辉瑞、BioNTech与巴西Eurofarma合作为拉丁美洲生产COVID-19疫苗</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1131132146","media":"Seeking Alpha","summary":"Pfizer (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) have signeda letter of intent with Brazil-based Euro","content":"<p><a href=\"https://laohu8.com/S/PFE\">Pfizer</a> (NYSE:PFE)&nbsp;and <a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a> (NASDAQ:BNTX)&nbsp;have&nbsp;signeda letter of intent with Brazil-based Eurofarma Laboratórios SA, to manufacture its mRNACOVID-19 vaccine, COMIRNATY&nbsp;for distribution within Latin America.</p><p><blockquote><a href=\"https://laohu8.com/S/PFE\">辉瑞</a>（纽约证券交易所代码：PFE）和<a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a>（纳斯达克：BNTX）与总部位于巴西的Eurofarma Laboratórios SA签署了一份意向书，生产其mRNACOVID-19疫苗COMIRNATY，并在拉丁美洲分销。</blockquote></p><p> Eurofarma will obtain drug product&nbsp;drug product from the U.S., and will perform manufacturing activities, with distribution expected to start in 2022.</p><p><blockquote>Eurofarma将从美国获得药品，并将开展生产活动，预计将于2022年开始分销。</blockquote></p><p> Pfizer-BioNTech's COVID-19 vaccine supply chain and manufacturing network will now span four continents and include more than 20 manufacturing facilities.</p><p><blockquote>辉瑞-BioNTech的新冠肺炎疫苗供应链和制造网络现在将横跨四大洲，包括20多个制造设施。</blockquote></p><p> At full operational capacity, the annual production is expected to exceed 100M finished doses annually. All doses will exclusively be distributed within Latin America.</p><p><blockquote>满负荷运转时，年产量预计将超过1亿剂成品。所有剂量将在拉丁美洲独家分发。</blockquote></p><p> To date, Pfizer and BioNTech have shipped more than 1.3B COVID-19 vaccine doses to more than 120 countries and territories.</p><p><blockquote>迄今为止，辉瑞和BioNTech已向120多个国家和地区运送了超过13亿剂COVID-19疫苗。</blockquote></p><p> Recently,&nbsp;Pfizer/BioNTech started rolling submission for FDA approval of booster COVID-19 shot.</p><p><blockquote>最近，辉瑞/BioNTech开始滚动提交FDA批准加强新冠肺炎注射。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pfizer, BioNTech team up with Brazil’s Eurofarma to make COVID-19 vaccine for Latin America<blockquote>辉瑞、BioNTech与巴西Eurofarma合作为拉丁美洲生产COVID-19疫苗</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPfizer, BioNTech team up with Brazil’s Eurofarma to make COVID-19 vaccine for Latin America<blockquote>辉瑞、BioNTech与巴西Eurofarma合作为拉丁美洲生产COVID-19疫苗</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-08-26 19:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/PFE\">Pfizer</a> (NYSE:PFE)&nbsp;and <a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a> (NASDAQ:BNTX)&nbsp;have&nbsp;signeda letter of intent with Brazil-based Eurofarma Laboratórios SA, to manufacture its mRNACOVID-19 vaccine, COMIRNATY&nbsp;for distribution within Latin America.</p><p><blockquote><a href=\"https://laohu8.com/S/PFE\">辉瑞</a>（纽约证券交易所代码：PFE）和<a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a>（纳斯达克：BNTX）与总部位于巴西的Eurofarma Laboratórios SA签署了一份意向书，生产其mRNACOVID-19疫苗COMIRNATY，并在拉丁美洲分销。</blockquote></p><p> Eurofarma will obtain drug product&nbsp;drug product from the U.S., and will perform manufacturing activities, with distribution expected to start in 2022.</p><p><blockquote>Eurofarma将从美国获得药品，并将开展生产活动，预计将于2022年开始分销。</blockquote></p><p> Pfizer-BioNTech's COVID-19 vaccine supply chain and manufacturing network will now span four continents and include more than 20 manufacturing facilities.</p><p><blockquote>辉瑞-BioNTech的新冠肺炎疫苗供应链和制造网络现在将横跨四大洲，包括20多个制造设施。</blockquote></p><p> At full operational capacity, the annual production is expected to exceed 100M finished doses annually. All doses will exclusively be distributed within Latin America.</p><p><blockquote>满负荷运转时，年产量预计将超过1亿剂成品。所有剂量将在拉丁美洲独家分发。</blockquote></p><p> To date, Pfizer and BioNTech have shipped more than 1.3B COVID-19 vaccine doses to more than 120 countries and territories.</p><p><blockquote>迄今为止，辉瑞和BioNTech已向120多个国家和地区运送了超过13亿剂COVID-19疫苗。</blockquote></p><p> Recently,&nbsp;Pfizer/BioNTech started rolling submission for FDA approval of booster COVID-19 shot.</p><p><blockquote>最近，辉瑞/BioNTech开始滚动提交FDA批准加强新冠肺炎注射。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3734357-pfizer-biontech-team-up-with-brazils-eurofarma-to-make-covid-19-vaccine-for-latin-america\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","BNTX":"BioNTech SE"},"source_url":"https://seekingalpha.com/news/3734357-pfizer-biontech-team-up-with-brazils-eurofarma-to-make-covid-19-vaccine-for-latin-america","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131132146","content_text":"Pfizer (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) have signeda letter of intent with Brazil-based Eurofarma Laboratórios SA, to manufacture its mRNACOVID-19 vaccine, COMIRNATY for distribution within Latin America.\nEurofarma will obtain drug product drug product from the U.S., and will perform manufacturing activities, with distribution expected to start in 2022.\nPfizer-BioNTech's COVID-19 vaccine supply chain and manufacturing network will now span four continents and include more than 20 manufacturing facilities.\nAt full operational capacity, the annual production is expected to exceed 100M finished doses annually. All doses will exclusively be distributed within Latin America.\nTo date, Pfizer and BioNTech have shipped more than 1.3B COVID-19 vaccine doses to more than 120 countries and territories.\nRecently, Pfizer/BioNTech started rolling submission for FDA approval of booster COVID-19 shot.","news_type":1,"symbols_score_info":{"BNTX":0.9,"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":872905064,"gmtCreate":1637383921302,"gmtModify":1637383921559,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/872905064","repostId":"1184986621","repostType":4,"repost":{"id":"1184986621","kind":"news","pubTimestamp":1637382486,"share":"https://www.laohu8.com/m/news/1184986621?lang=zh_CN&edition=full","pubTime":"2021-11-20 12:28","market":"us","language":"en","title":"Why United Airlines Stock Is Losing Altitude Today<blockquote>为什么联合航空股价今天正在下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184986621","media":"Motley Fool","summary":"Key Points\nUnited Airlines, among the U.S. carriers most reliant on international travel, is leading","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> United Airlines, among the U.S. carriers most reliant on international travel, is leading the sector down on Friday.</p><p><blockquote>联合航空是最依赖国际旅行的美国航空公司之一，周五领跌该行业。</blockquote></p><p> Bad news out of Austria and Germany and an uptick in hospitalizations in parts of the U.S. are leading to concerns the vaccine-powered reopening will not hold.What happened</p><p><blockquote>来自奥地利和德国的坏消息以及美国部分地区住院人数的上升引发了人们对疫苗驱动的重新开放将无法持续的担忧。发生了什么</blockquote></p><p> The latest headlines concerning the pandemic are largely negative, and airline stocks are under pressure as a result. Shares of&nbsp;<a href=\"https://laohu8.com/S/UAL\"><b>United Airlines Holdings</b>&nbsp;</a>&nbsp;down nearly 3% on Friday.</p><p><blockquote>有关疫情的最新头条新闻大多是负面的，航空股因此面临压力。本公司之股份<a href=\"https://laohu8.com/S/UAL\"><b>联合航空控股公司</b> </a>周五下跌近3%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Airline stockswere hit hard during the pandemic, as travel restrictions and lockdowns largely eliminated demand for travel. We've seen a gradual recovery in the sector as the global economy has pushed to reopen, but the airlines are still by and large losing money and in a fragile state.</p><p><blockquote>由于旅行限制和封锁在很大程度上消除了旅行需求，航空公司股票在大流行期间遭受重创。随着全球经济推动重新开放，我们看到该行业逐渐复苏，但航空公司总体上仍在亏损，处于脆弱状态。</blockquote></p><p> Given the tenuous nature of the recovery, investors have been skittish during periods when the news flow about the pandemic turns negative. That's the case on Friday, with the markets processing news that Austria will impose a full national lockdown starting Monday in response to rising COVID-19 cases.&nbsp;Germany is also planning new restrictions, and in the U.S. there is an uptick in hospitalizations.</p><p><blockquote>鉴于复苏的脆弱性质，当有关疫情的消息转为负面时，投资者会感到不安。周五的情况就是如此，市场正在处理奥地利将从周一开始实施全面全国封锁的消息，以应对不断上升的新冠肺炎病例。德国也在计划新的限制措施，美国的住院人数也在上升。</blockquote></p><p> The latest headlines threaten the narrative that as the vaccine becomes more widespread, the pandemic will move to the background. That would be bad news for airline stocks, and the sector is trading off as a response.</p><p><blockquote>最新的头条新闻威胁到这样一种说法，即随着疫苗变得越来越普遍，疫情将退居幕后。这对航空股来说是个坏消息，该行业正在进行交易作为回应。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The concern is hardly limited to United, but given United's historical place as one of the airlines most reliant on international fares it is understandable that investors are particularly concerned about it in light of the latest news. When times are good, United's international reach is the envy of the industry, but in times like this when new border restrictions are possible United is arguably poorly positioned to succeed.</p><p><blockquote>这种担忧不仅限于美联航，但鉴于美联航作为最依赖国际票价的航空公司之一的历史地位，鉴于最新消息，投资者对此特别担忧是可以理解的。当情况好的时候，美联航的国际影响力是业界羡慕的，但在这样的时期，当新的边境限制可能出现时，美联航可以说不太可能取得成功。</blockquote></p><p> It is too soon to say what will become of this latest COVID-19 wave, or how bad it will get, but there isn't much evidence right now to support a bull case built around a quick turnaround. For those willing to ride out the turbulence I'd favor&nbsp;<b>Delta Air Lines</b>, which has a better mix of domestic and international exposure, a solid balance sheet, and fewer labor concerns than other airlines.</p><p><blockquote>现在说最新的新冠肺炎浪潮会发生什么，或者会变得有多糟糕还为时过早，但目前没有太多证据支持围绕快速好转建立的牛市案例。对于那些愿意安然度过动荡的人，我会支持<b>达美航空</b>与其他航空公司相比，该公司拥有更好的国内和国际风险组合、稳健的资产负债表以及更少的劳动力担忧。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why United Airlines Stock Is Losing Altitude Today<blockquote>为什么联合航空股价今天正在下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy United Airlines Stock Is Losing Altitude Today<blockquote>为什么联合航空股价今天正在下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-11-20 12:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> United Airlines, among the U.S. carriers most reliant on international travel, is leading the sector down on Friday.</p><p><blockquote>联合航空是最依赖国际旅行的美国航空公司之一，周五领跌该行业。</blockquote></p><p> Bad news out of Austria and Germany and an uptick in hospitalizations in parts of the U.S. are leading to concerns the vaccine-powered reopening will not hold.What happened</p><p><blockquote>来自奥地利和德国的坏消息以及美国部分地区住院人数的上升引发了人们对疫苗驱动的重新开放将无法持续的担忧。发生了什么</blockquote></p><p> The latest headlines concerning the pandemic are largely negative, and airline stocks are under pressure as a result. Shares of&nbsp;<a href=\"https://laohu8.com/S/UAL\"><b>United Airlines Holdings</b>&nbsp;</a>&nbsp;down nearly 3% on Friday.</p><p><blockquote>有关疫情的最新头条新闻大多是负面的，航空股因此面临压力。本公司之股份<a href=\"https://laohu8.com/S/UAL\"><b>联合航空控股公司</b> </a>周五下跌近3%。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Airline stockswere hit hard during the pandemic, as travel restrictions and lockdowns largely eliminated demand for travel. We've seen a gradual recovery in the sector as the global economy has pushed to reopen, but the airlines are still by and large losing money and in a fragile state.</p><p><blockquote>由于旅行限制和封锁在很大程度上消除了旅行需求，航空公司股票在大流行期间遭受重创。随着全球经济推动重新开放，我们看到该行业逐渐复苏，但航空公司总体上仍在亏损，处于脆弱状态。</blockquote></p><p> Given the tenuous nature of the recovery, investors have been skittish during periods when the news flow about the pandemic turns negative. That's the case on Friday, with the markets processing news that Austria will impose a full national lockdown starting Monday in response to rising COVID-19 cases.&nbsp;Germany is also planning new restrictions, and in the U.S. there is an uptick in hospitalizations.</p><p><blockquote>鉴于复苏的脆弱性质，当有关疫情的消息转为负面时，投资者会感到不安。周五的情况就是如此，市场正在处理奥地利将从周一开始实施全面全国封锁的消息，以应对不断上升的新冠肺炎病例。德国也在计划新的限制措施，美国的住院人数也在上升。</blockquote></p><p> The latest headlines threaten the narrative that as the vaccine becomes more widespread, the pandemic will move to the background. That would be bad news for airline stocks, and the sector is trading off as a response.</p><p><blockquote>最新的头条新闻威胁到这样一种说法，即随着疫苗变得越来越普遍，疫情将退居幕后。这对航空股来说是个坏消息，该行业正在进行交易作为回应。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The concern is hardly limited to United, but given United's historical place as one of the airlines most reliant on international fares it is understandable that investors are particularly concerned about it in light of the latest news. When times are good, United's international reach is the envy of the industry, but in times like this when new border restrictions are possible United is arguably poorly positioned to succeed.</p><p><blockquote>这种担忧不仅限于美联航，但鉴于美联航作为最依赖国际票价的航空公司之一的历史地位，鉴于最新消息，投资者对此特别担忧是可以理解的。当情况好的时候，美联航的国际影响力是业界羡慕的，但在这样的时期，当新的边境限制可能出现时，美联航可以说不太可能取得成功。</blockquote></p><p> It is too soon to say what will become of this latest COVID-19 wave, or how bad it will get, but there isn't much evidence right now to support a bull case built around a quick turnaround. For those willing to ride out the turbulence I'd favor&nbsp;<b>Delta Air Lines</b>, which has a better mix of domestic and international exposure, a solid balance sheet, and fewer labor concerns than other airlines.</p><p><blockquote>现在说最新的新冠肺炎浪潮会发生什么，或者会变得有多糟糕还为时过早，但目前没有太多证据支持围绕快速好转建立的牛市案例。对于那些愿意安然度过动荡的人，我会支持<b>达美航空</b>与其他航空公司相比，该公司拥有更好的国内和国际风险组合、稳健的资产负债表以及更少的劳动力担忧。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/19/why-united-airlines-stock-is-losing-altitude-today/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空"},"source_url":"https://www.fool.com/investing/2021/11/19/why-united-airlines-stock-is-losing-altitude-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184986621","content_text":"Key Points\nUnited Airlines, among the U.S. carriers most reliant on international travel, is leading the sector down on Friday.\nBad news out of Austria and Germany and an uptick in hospitalizations in parts of the U.S. are leading to concerns the vaccine-powered reopening will not hold.What happened\nThe latest headlines concerning the pandemic are largely negative, and airline stocks are under pressure as a result. Shares of United Airlines Holdings  down nearly 3% on Friday.\nSo what\nAirline stockswere hit hard during the pandemic, as travel restrictions and lockdowns largely eliminated demand for travel. We've seen a gradual recovery in the sector as the global economy has pushed to reopen, but the airlines are still by and large losing money and in a fragile state.\nGiven the tenuous nature of the recovery, investors have been skittish during periods when the news flow about the pandemic turns negative. That's the case on Friday, with the markets processing news that Austria will impose a full national lockdown starting Monday in response to rising COVID-19 cases. Germany is also planning new restrictions, and in the U.S. there is an uptick in hospitalizations.\nThe latest headlines threaten the narrative that as the vaccine becomes more widespread, the pandemic will move to the background. That would be bad news for airline stocks, and the sector is trading off as a response.\nNow what\nThe concern is hardly limited to United, but given United's historical place as one of the airlines most reliant on international fares it is understandable that investors are particularly concerned about it in light of the latest news. When times are good, United's international reach is the envy of the industry, but in times like this when new border restrictions are possible United is arguably poorly positioned to succeed.\nIt is too soon to say what will become of this latest COVID-19 wave, or how bad it will get, but there isn't much evidence right now to support a bull case built around a quick turnaround. For those willing to ride out the turbulence I'd favor Delta Air Lines, which has a better mix of domestic and international exposure, a solid balance sheet, and fewer labor concerns than other airlines.","news_type":1,"symbols_score_info":{"UAL":0.9}},"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603618976,"gmtCreate":1638404863696,"gmtModify":1638404863994,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/603618976","repostId":"1196358645","repostType":4,"isVote":1,"tweetType":1,"viewCount":530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":823053292,"gmtCreate":1633566829755,"gmtModify":1633566829990,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/823053292","repostId":"2173948202","repostType":4,"isVote":1,"tweetType":1,"viewCount":699,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":884036246,"gmtCreate":1631838852685,"gmtModify":1631884002666,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/884036246","repostId":"1105376345","repostType":4,"repost":{"id":"1105376345","kind":"news","pubTimestamp":1631833833,"share":"https://www.laohu8.com/m/news/1105376345?lang=zh_CN&edition=full","pubTime":"2021-09-17 07:10","market":"us","language":"en","title":"S&P ends modestly lower as rising Treasury yields offset robust retail data<blockquote>美国国债收益率上升抵消了强劲的零售数据，标普小幅收低</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105376345","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading afte","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.</p><p><blockquote>路透纽约7月20日电——标普500周四小幅收跌，尾盘收窄跌幅，此前意外强劲的零售销售数据突显美国经济复苏的力度。</blockquote></p><p> The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.</p><p><blockquote>由于美国国债收益率上升给市场领先的科技股带来压力，以及美元上涨给出口商带来压力，三大股指当天大部分时间都处于负值区域。</blockquote></p><p> Amazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.</p><p><blockquote>亚马逊公司受到商务部报告中强劲的在线销售的提振，帮助推动纳斯达克进入积极区域。</blockquote></p><p> “Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.</p><p><blockquote>北卡罗来纳州夏洛特LPL Financial高级市场策略师瑞安·德特里克(Ryan Detrick)表示：“从今天来看，显然我们收到了来自零售销售的积极消息，而且经济大幅放缓似乎并没有像许多人预期的那样成为现实。”</blockquote></p><p> “It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.</p><p><blockquote>德特里克补充道：“这是一个很好的提醒，即使在新冠疫情担忧的情况下，经济仍然每后退一步就向前迈出两步。”</blockquote></p><p> Economically sensitive transports and microchips were among the outperformers.</p><p><blockquote>对经济敏感的运输和微芯片是表现优异的股票之一。</blockquote></p><p> Data released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.</p><p><blockquote>开盘前公布的数据显示，随着购物者经受住了飓风艾达和新冠德尔塔变异毒株，零售额意外增长，这证明了消费者的韧性，消费者对美国经济增长的贡献约为70%。</blockquote></p><p> “Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.</p><p><blockquote>德特里克表示：“这再次表明美国消费者继续支出并继续帮助经济增长。”</blockquote></p><p> The Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&amp;P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.</p><p><blockquote>道琼工业指数跌63.07点，或0.18%，报34751.32点；标普500下跌6.95点，跌幅0.16%，报4,473.75点；纳斯达克综合指数上涨20.40点，即0.13%，至15,181.92点。</blockquote></p><p> Eight of the 11 major sectors in the S&amp;P 500 ended lower, with materials suffering the largest percentage drop.</p><p><blockquote>标普500 11大板块中有8个板块收跌，材料板块跌幅最大。</blockquote></p><p> The consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.</p><p><blockquote>非必需消费品支出板块涨幅最大，亚马逊首当其冲。</blockquote></p><p> Apparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.</p><p><blockquote>服装公司Gap Inc上涨1.6%。在线市场Etsy Inc和奢侈品配饰公司Tapestry Inc分别上涨3.1%和1.9%。</blockquote></p><p> Ford Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.</p><p><blockquote>福特汽车公司股价上涨1.4%，此前该公司宣布计划提高F-150电动皮卡车型的产量。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌股与上涨股的比例为1.27比1；在纳斯达克，1.06比1的比率有利于上涨者。</blockquote></p><p> The S&amp;P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.</p><p><blockquote>标普500创下9个52周新高和1个新低；纳斯达克综合指数录得82个新高和94个新低。</blockquote></p><p> Volume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.</p><p><blockquote>美国交易所成交量为93.7亿股，而过去20个交易日的平均成交量为94.4亿股。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P ends modestly lower as rising Treasury yields offset robust retail data<blockquote>美国国债收益率上升抵消了强劲的零售数据，标普小幅收低</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P ends modestly lower as rising Treasury yields offset robust retail data<blockquote>美国国债收益率上升抵消了强劲的零售数据，标普小幅收低</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-09-17 07:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - The S&amp;P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.</p><p><blockquote>路透纽约7月20日电——标普500周四小幅收跌，尾盘收窄跌幅，此前意外强劲的零售销售数据突显美国经济复苏的力度。</blockquote></p><p> The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.</p><p><blockquote>由于美国国债收益率上升给市场领先的科技股带来压力，以及美元上涨给出口商带来压力，三大股指当天大部分时间都处于负值区域。</blockquote></p><p> Amazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.</p><p><blockquote>亚马逊公司受到商务部报告中强劲的在线销售的提振，帮助推动纳斯达克进入积极区域。</blockquote></p><p> “Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.</p><p><blockquote>北卡罗来纳州夏洛特LPL Financial高级市场策略师瑞安·德特里克(Ryan Detrick)表示：“从今天来看，显然我们收到了来自零售销售的积极消息，而且经济大幅放缓似乎并没有像许多人预期的那样成为现实。”</blockquote></p><p> “It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.</p><p><blockquote>德特里克补充道：“这是一个很好的提醒，即使在新冠疫情担忧的情况下，经济仍然每后退一步就向前迈出两步。”</blockquote></p><p> Economically sensitive transports and microchips were among the outperformers.</p><p><blockquote>对经济敏感的运输和微芯片是表现优异的股票之一。</blockquote></p><p> Data released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.</p><p><blockquote>开盘前公布的数据显示，随着购物者经受住了飓风艾达和新冠德尔塔变异毒株，零售额意外增长，这证明了消费者的韧性，消费者对美国经济增长的贡献约为70%。</blockquote></p><p> “Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.</p><p><blockquote>德特里克表示：“这再次表明美国消费者继续支出并继续帮助经济增长。”</blockquote></p><p> The Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&amp;P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.</p><p><blockquote>道琼工业指数跌63.07点，或0.18%，报34751.32点；标普500下跌6.95点，跌幅0.16%，报4,473.75点；纳斯达克综合指数上涨20.40点，即0.13%，至15,181.92点。</blockquote></p><p> Eight of the 11 major sectors in the S&amp;P 500 ended lower, with materials suffering the largest percentage drop.</p><p><blockquote>标普500 11大板块中有8个板块收跌，材料板块跌幅最大。</blockquote></p><p> The consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.</p><p><blockquote>非必需消费品支出板块涨幅最大，亚马逊首当其冲。</blockquote></p><p> Apparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.</p><p><blockquote>服装公司Gap Inc上涨1.6%。在线市场Etsy Inc和奢侈品配饰公司Tapestry Inc分别上涨3.1%和1.9%。</blockquote></p><p> Ford Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.</p><p><blockquote>福特汽车公司股价上涨1.4%，此前该公司宣布计划提高F-150电动皮卡车型的产量。</blockquote></p><p> Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所下跌股与上涨股的比例为1.27比1；在纳斯达克，1.06比1的比率有利于上涨者。</blockquote></p><p> The S&amp;P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.</p><p><blockquote>标普500创下9个52周新高和1个新低；纳斯达克综合指数录得82个新高和94个新低。</blockquote></p><p> Volume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.</p><p><blockquote>美国交易所成交量为93.7亿股，而过去20个交易日的平均成交量为94.4亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-ends-modestly-lower-as-rising-treasury-yields-offset-robust-retail-data-idUSL1N2QI2MB\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-ends-modestly-lower-as-rising-treasury-yields-offset-robust-retail-data-idUSL1N2QI2MB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105376345","content_text":"NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.\nThe three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.\nAmazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.\n“Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.\n“It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.\nEconomically sensitive transports and microchips were among the outperformers.\nData released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.\n“Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.\nThe Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.\nEight of the 11 major sectors in the S&P 500 ended lower, with materials suffering the largest percentage drop.\nThe consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.\nApparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.\nFord Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.\nThe S&P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.\nVolume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817003283,"gmtCreate":1630888443942,"gmtModify":1631884002736,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/817003283","repostId":"1126654067","repostType":4,"repost":{"id":"1126654067","kind":"news","pubTimestamp":1630885254,"share":"https://www.laohu8.com/m/news/1126654067?lang=zh_CN&edition=full","pubTime":"2021-09-06 07:40","market":"us","language":"en","title":"Is the U.S. stock market open on Labor Day?<blockquote>劳动节美股开市吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126654067","media":"MarketWatch","summary":"It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be cl","content":"<p>It is unofficially summer’s last hurrah for Wall Street investors.</p><p><blockquote>对于华尔街投资者来说，这是非正式的夏季最后一次欢呼。</blockquote></p><p> U.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.</p><p><blockquote>美国金融市场将于9月6日周一因劳动节休市，这标志着美国为期三天的周末，此前股市经历了一段非常壮观的走势。尽管人们担心冠状病毒德尔塔变异毒株的蔓延，并对美联储去年大流行开始时实施的宽松货币政策最终回滚的时间表感到不安，但股市还是出现了反弹。</blockquote></p><p> On Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc.&nbsp;-owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average,&nbsp;S&amp;P 500&nbsp;or Nasdaq Composite indexes.</p><p><blockquote>周一，包括洲际交易所旗下的纽约证券交易所和纳斯达克在内的美国证券交易所将休市，因此不要寻找道琼斯工业平均指数、标准普尔500指数或纳斯达克综合指数等个股或指数的任何走势。</blockquote></p><p> The S&amp;P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite&nbsp;was on track to book its 35th&nbsp;all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.</p><p><blockquote>标普500在2021年已经创下了54个历史收盘新高，并有望在周五创下第55个历史新高，而纳斯达克综合指数有望创下今年第35个历史新高。周五下午，道琼斯指数较8月16日的纪录上涨了不到一个百分点。</blockquote></p><p> Sifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was&nbsp;yielding around 1.33%&nbsp;after the U.S. August jobs report came in weaker than expected.</p><p><blockquote>证券行业固定收益贸易组织Sifma也建议债券市场在劳动节休市，包括10年期国债交易，在美国8月就业报告公布后，该国债收益率约为1.33%。低于预期。</blockquote></p><p> However, the&nbsp;Labor Department’s employment report,which showed that&nbsp;235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.</p><p><blockquote>然而，美国劳工部的就业报告显示，8月份新增就业岗位23.5万个，远低于预期的70多万个，但这未能降低主权债务投资者对美联储近期宣布缩减每月1200亿美元美国国债和抵押贷款支持证券购买规模的预期。</blockquote></p><p> Trading in most commodity futures, including Nymex crude-oil&nbsp;and Comex gold,on U.S. exchanges will also be halted Monday.</p><p><blockquote>美国交易所的大多数商品期货交易，包括纽约商品交易所原油和纽约商品交易所黄金，也将于周一停止。</blockquote></p><p> Is there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?</p><p><blockquote>除了在美国度假和烧烤之外，这个假期对普通投资者还有什么意义吗？</blockquote></p><p> Probably not.</p><p><blockquote>应该不会吧。</blockquote></p><p> But the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.</p><p><blockquote>但根据道琼斯市场数据，近年来，五月阵亡将士纪念日至九月劳动节期间对投资者来说是一段看涨的时期。例如，道琼斯指数在此期间上涨了约2%，平均涨幅为1.3%，65%的时间创造了上涨记录。在过去的六个阵亡将士纪念日/劳动节期间，道琼斯指数目前正在享受连胜，这是自1989年以来最长的连胜。去年，市场同期上涨了近15%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3f0f061a4ddd2ca31c53f8aa68e3cce\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p><p><blockquote><p class=\"t-img-caption\"><span>道琼斯市场数据</span></p></blockquote></p><p> The S&amp;P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.</p><p><blockquote>标普500也取得了类似的连胜，在阵亡将士纪念日至劳动节期间迄今为止已上涨近8%。过去几年同期上涨了70%以上，平均涨幅为1.7%。2020年期间，大盘指数上涨了16%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c780a46e32d055feb3e3f5e10fc987f\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p><p><blockquote><p class=\"t-img-caption\"><span>道琼斯市场数据</span></p></blockquote></p><p> But if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s&nbsp;Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.</p><p><blockquote>但如果劳动节交易中存在真正的趋势，那么MarketWatch的Steve Goldstein援引Raymond James策略师Tavis McCourt的话说，在过去两年中，股市存在很大的价值和周期性偏差。节后股市，2018年，夏季接近尾声后市场基本崩溃。</blockquote></p><p> It is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.</p><p><blockquote>不可能知道这一次股市涨势是否会以类似的方式逐渐消失，但华尔街越来越多的人认为估值过高，股指将从当前高度回调至少5%或更好。</blockquote></p><p> Markets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100&nbsp;index and the pan-European Stoxx Europe 600&nbsp;will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng&nbsp;and the Shanghai Composite Index.</p><p><blockquote>市场将于周二恢复照常营业，当然，欧洲证券交易所，包括伦敦富时100指数和泛欧斯托克欧洲600指数，以及亚洲市场、日经225指数、香港恒生指数和上证综合指数。</blockquote></p><p></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>Is the U.S. stock market open on Labor Day?<blockquote>劳动节美股开市吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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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: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the U.S. stock market open on Labor Day?<blockquote>劳动节美股开市吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-06 07:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It is unofficially summer’s last hurrah for Wall Street investors.</p><p><blockquote>对于华尔街投资者来说，这是非正式的夏季最后一次欢呼。</blockquote></p><p> U.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.</p><p><blockquote>美国金融市场将于9月6日周一因劳动节休市，这标志着美国为期三天的周末，此前股市经历了一段非常壮观的走势。尽管人们担心冠状病毒德尔塔变异毒株的蔓延，并对美联储去年大流行开始时实施的宽松货币政策最终回滚的时间表感到不安，但股市还是出现了反弹。</blockquote></p><p> On Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc.&nbsp;-owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average,&nbsp;S&amp;P 500&nbsp;or Nasdaq Composite indexes.</p><p><blockquote>周一，包括洲际交易所旗下的纽约证券交易所和纳斯达克在内的美国证券交易所将休市，因此不要寻找道琼斯工业平均指数、标准普尔500指数或纳斯达克综合指数等个股或指数的任何走势。</blockquote></p><p> The S&amp;P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite&nbsp;was on track to book its 35th&nbsp;all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.</p><p><blockquote>标普500在2021年已经创下了54个历史收盘新高，并有望在周五创下第55个历史新高，而纳斯达克综合指数有望创下今年第35个历史新高。周五下午，道琼斯指数较8月16日的纪录上涨了不到一个百分点。</blockquote></p><p> Sifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was&nbsp;yielding around 1.33%&nbsp;after the U.S. August jobs report came in weaker than expected.</p><p><blockquote>证券行业固定收益贸易组织Sifma也建议债券市场在劳动节休市，包括10年期国债交易，在美国8月就业报告公布后，该国债收益率约为1.33%。低于预期。</blockquote></p><p> However, the&nbsp;Labor Department’s employment report,which showed that&nbsp;235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.</p><p><blockquote>然而，美国劳工部的就业报告显示，8月份新增就业岗位23.5万个，远低于预期的70多万个，但这未能降低主权债务投资者对美联储近期宣布缩减每月1200亿美元美国国债和抵押贷款支持证券购买规模的预期。</blockquote></p><p> Trading in most commodity futures, including Nymex crude-oil&nbsp;and Comex gold,on U.S. exchanges will also be halted Monday.</p><p><blockquote>美国交易所的大多数商品期货交易，包括纽约商品交易所原油和纽约商品交易所黄金，也将于周一停止。</blockquote></p><p> Is there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?</p><p><blockquote>除了在美国度假和烧烤之外，这个假期对普通投资者还有什么意义吗？</blockquote></p><p> Probably not.</p><p><blockquote>应该不会吧。</blockquote></p><p> But the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.</p><p><blockquote>但根据道琼斯市场数据，近年来，五月阵亡将士纪念日至九月劳动节期间对投资者来说是一段看涨的时期。例如，道琼斯指数在此期间上涨了约2%，平均涨幅为1.3%，65%的时间创造了上涨记录。在过去的六个阵亡将士纪念日/劳动节期间，道琼斯指数目前正在享受连胜，这是自1989年以来最长的连胜。去年，市场同期上涨了近15%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3f0f061a4ddd2ca31c53f8aa68e3cce\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p><p><blockquote><p class=\"t-img-caption\"><span>道琼斯市场数据</span></p></blockquote></p><p> The S&amp;P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.</p><p><blockquote>标普500也取得了类似的连胜，在阵亡将士纪念日至劳动节期间迄今为止已上涨近8%。过去几年同期上涨了70%以上，平均涨幅为1.7%。2020年期间，大盘指数上涨了16%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c780a46e32d055feb3e3f5e10fc987f\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p><p><blockquote><p class=\"t-img-caption\"><span>道琼斯市场数据</span></p></blockquote></p><p> But if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s&nbsp;Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.</p><p><blockquote>但如果劳动节交易中存在真正的趋势，那么MarketWatch的Steve Goldstein援引Raymond James策略师Tavis McCourt的话说，在过去两年中，股市存在很大的价值和周期性偏差。节后股市，2018年，夏季接近尾声后市场基本崩溃。</blockquote></p><p> It is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.</p><p><blockquote>不可能知道这一次股市涨势是否会以类似的方式逐渐消失，但华尔街越来越多的人认为估值过高，股指将从当前高度回调至少5%或更好。</blockquote></p><p> Markets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100&nbsp;index and the pan-European Stoxx Europe 600&nbsp;will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng&nbsp;and the Shanghai Composite Index.</p><p><blockquote>市场将于周二恢复照常营业，当然，欧洲证券交易所，包括伦敦富时100指数和泛欧斯托克欧洲600指数，以及亚洲市场、日经225指数、香港恒生指数和上证综合指数。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","ICE":"洲际交易所"},"source_url":"https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126654067","content_text":"It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.\nOn Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc. -owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average, S&P 500 or Nasdaq Composite indexes.\nThe S&P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite was on track to book its 35th all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.\nSifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was yielding around 1.33% after the U.S. August jobs report came in weaker than expected.\nHowever, the Labor Department’s employment report,which showed that 235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.\nTrading in most commodity futures, including Nymex crude-oil and Comex gold,on U.S. exchanges will also be halted Monday.\nIs there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?\nProbably not.\nBut the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.\nDOW JONES MARKET DATA\nThe S&P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.\nDOW JONES MARKET DATA\nBut if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.\nIt is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.\nMarkets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100 index and the pan-European Stoxx Europe 600 will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng and the Shanghai Composite Index.","news_type":1,"symbols_score_info":{".IXIC":0.9,"ICE":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819047433,"gmtCreate":1630024483922,"gmtModify":1704954718384,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/819047433","repostId":"2162847016","repostType":4,"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171991407,"gmtCreate":1626701362209,"gmtModify":1633924833544,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/171991407","repostId":"1146536243","repostType":4,"repost":{"id":"1146536243","kind":"news","pubTimestamp":1626683272,"share":"https://www.laohu8.com/m/news/1146536243?lang=zh_CN&edition=full","pubTime":"2021-07-19 16:27","market":"us","language":"en","title":"Morgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual<blockquote>摩根士丹利：本轮周期将比往常“更热但更短”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146536243","media":"zerohedge","summary":"This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.","content":"<p>We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.</p><p><blockquote>我们认为这个经济周期将是正常的、强劲的、短暂的。这些假设中的每一个都受到市场的激烈争论。每一项都是我们投资策略的关键。</blockquote></p><p> The debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.</p><p><blockquote>关于周期“常态”的争论是不言自明的。毫不夸张地说，疫情造成了有记录以来最大幅度的产出下降。随后，在政策支持的帮助下，经济活动迅速回升。将这种情况视为独特的，不同于其他周期性经历的理由是，这种暴力的下跌和上涨从未允许传统的“重置”。</blockquote></p><p> But 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.</p><p><blockquote>但市场中的“正常”是一个有趣的概念，记忆的粗糙边缘往往会随着时间的推移而变得光滑和抛光。2003-07年的周期以大萧条以来最大的银行和房地产危机结束。1992-2000年的周期以巨大的股票泡沫破裂、广泛的会计欺诈和难以言喻的悲剧而告终。“正常”周期在理论上很好，但在实践中更难。</blockquote></p><p> Instead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.</p><p><blockquote>相反，让我们考虑一下为什么我们使用术语“周期”。经济和市场往往遵循周期性模式，这些模式往往会在市场表现中显现出来。我们关心的是那些模式，如果它们仍然适用，它们可以在不确定的地形中提供有用的指导。</blockquote></p><p> Was last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.</p><p><blockquote>去年的衰退之前是否存在收益率曲线倒挂、低波动性、低失业率、高消费者信心和股市广度收窄等周期后期条件？是的。由此产生的股票、信贷、收益率和收益率曲线的低谷是否符合市场和经济低点之间的通常节奏？他们做到了。随后反弹的领头羊是否是通常的早期周期赢家，如小型股和周期性股票、高收益信贷和工业金属？他们是。</blockquote></p><p> If it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are.&nbsp;If a lot of 'normal' cycle behavior has played out so far, it should&nbsp;<i>continue</i>&nbsp;to do so.</p><p><blockquote>如果它像鸭子一样走路，像鸭子一样嘎嘎叫，我们认为这是一个正常的循环。或者这些事情实际上是正常的。如果到目前为止已经发生了很多“正常”的循环行为，那么它应该<i>继续</i>这样做。</blockquote></p><p> Specifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see&nbsp;The Growth Scare Anniversary, July 11, 2021).</p><p><blockquote>具体来说，这与市场复苏时的表现模式有关。随着复苏的推进，这些模式应该会发生变化。正如我的同事迈克尔·威尔逊所指出的，我们认为我们正在进入周期中期市场，尽管距离经济活动低点仅16个月。我们看到当前状况与2004年上半年有许多相似之处，2004年上半年是大幅通货再膨胀反弹之后的周期中期。重要的是，尽管最近对增长感到担忧，但我们认为全球复苏将继续推进（见增长恐慌周年纪念，2021年7月11日）。</blockquote></p><p> Because one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.<b>It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.</b></p><p><blockquote>因为人们总能找到适合他们特定周期观点的指标，所以我们长期以来一直是综合指数的粉丝。这就是我们的“周期模型”，它结合了美国宏观、信贷周期和企业侵略性的十个指标，以衡量我们在市场周期中的位置。在2019年6月进入周期后期“低迷”和2020年4月进入周期早期“修复”后，该指数飙升。<b>它上升得如此之快，以至于已经过了下一个阶段（“复苏”），直接进入了“扩张”。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/41879c4f66b33597ee236bdd52841004\" tg-width=\"904\" tg-height=\"490\" referrerpolicy=\"no-referrer\">Thisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',<b>and since 1980, it has taken an average of 35 months to get there after 'downturn' ends</b>. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.<b>It also hints at another possibility:&nbsp;this hotter cycle could be shorter.</b>This is our thesis, and it’s showing up in our quantitative measure.</p><p><blockquote>这很不寻常。“扩张”意味着捕捉“比正常情况更好且正在改善”的条件，<b>自1980年以来，“低迷”结束后平均需要35个月才能实现这一目标</b>它的迅速到来表明，在巨大的政策支持下，经济正在迅速复苏。<b>这也暗示了另一种可能性：这个更热的周期可能会更短。</b>这是我们的论点，它体现在我们的定量测量中。</blockquote></p><p> All this has a number of implications:</p><p><blockquote>所有这些都有许多含义：</blockquote></p><p></p><p> <ul>  <li><b>The shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases</b>. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.</li>  <li><b>In many of those periods, more mixed credit performance occurs despite default rates remaining low</b>. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.</li>  <li><b>In equities, we think that our model supports more balance in portfolios</b>. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.</li>  <li><b>Interest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model</b>. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.</li> </ul> This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.</p><p><blockquote><ul><li><b>周期越短，信贷相对于其他风险资产越差；信贷从“繁荣”中获得的收益较少，如果下一次衰退提前到来，信贷就会面临风险，并且随着企业信心的增强，信贷将面临更多的供应</b>在我们周期模型的“扩张”阶段，美国IG和HY Credit N1200万超额回报分别比平均水平差29个基点和161个基点。</li><li><b>在其中许多时期，尽管违约率仍然很低，但信贷表现却参差不齐</b>投资者应该尝试承担违约风险而不是利差风险：我们的信用策略师喜欢持有CDX HY 0-15%，并用CDX IG付款人利差进行对冲。</li><li><b>在股票方面，我们认为我们的模型支持投资组合更加平衡</b>我们看好美国和欧洲的医疗保健行业，因为该行业具有几个良好的因素：质量、低估值、高利差和低波动性。从全球来看，欧洲和日本的股市往往跑赢“中期周期”，我们认为它们可以再次这样做。</li><li><b>利率对复苏过于悲观。在我们周期模型的“扩张”阶段，美国10年期国债1200万奈拉回报率比平均水平低97个基点</b>.Guneet Dhingra和我们的美国利率策略团队在全球资产配置中转移了跑输大盘美国10年期国债，而我们反过来又转移了跑输大盘政府债券。</li></ul>这种循环是不寻常的。大多数“正常”周期都是。我们认为复苏是可持续的，而且更有可能“更热、更短”。出售国债并相信扩张。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Morgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual<blockquote>摩根士丹利：本轮周期将比往常“更热但更短”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMorgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual<blockquote>摩根士丹利：本轮周期将比往常“更热但更短”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-19 16:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.</p><p><blockquote>我们认为这个经济周期将是正常的、强劲的、短暂的。这些假设中的每一个都受到市场的激烈争论。每一项都是我们投资策略的关键。</blockquote></p><p> The debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.</p><p><blockquote>关于周期“常态”的争论是不言自明的。毫不夸张地说，疫情造成了有记录以来最大幅度的产出下降。随后，在政策支持的帮助下，经济活动迅速回升。将这种情况视为独特的，不同于其他周期性经历的理由是，这种暴力的下跌和上涨从未允许传统的“重置”。</blockquote></p><p> But 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.</p><p><blockquote>但市场中的“正常”是一个有趣的概念，记忆的粗糙边缘往往会随着时间的推移而变得光滑和抛光。2003-07年的周期以大萧条以来最大的银行和房地产危机结束。1992-2000年的周期以巨大的股票泡沫破裂、广泛的会计欺诈和难以言喻的悲剧而告终。“正常”周期在理论上很好，但在实践中更难。</blockquote></p><p> Instead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.</p><p><blockquote>相反，让我们考虑一下为什么我们使用术语“周期”。经济和市场往往遵循周期性模式，这些模式往往会在市场表现中显现出来。我们关心的是那些模式，如果它们仍然适用，它们可以在不确定的地形中提供有用的指导。</blockquote></p><p> Was last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.</p><p><blockquote>去年的衰退之前是否存在收益率曲线倒挂、低波动性、低失业率、高消费者信心和股市广度收窄等周期后期条件？是的。由此产生的股票、信贷、收益率和收益率曲线的低谷是否符合市场和经济低点之间的通常节奏？他们做到了。随后反弹的领头羊是否是通常的早期周期赢家，如小型股和周期性股票、高收益信贷和工业金属？他们是。</blockquote></p><p> If it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are.&nbsp;If a lot of 'normal' cycle behavior has played out so far, it should&nbsp;<i>continue</i>&nbsp;to do so.</p><p><blockquote>如果它像鸭子一样走路，像鸭子一样嘎嘎叫，我们认为这是一个正常的循环。或者这些事情实际上是正常的。如果到目前为止已经发生了很多“正常”的循环行为，那么它应该<i>继续</i>这样做。</blockquote></p><p> Specifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see&nbsp;The Growth Scare Anniversary, July 11, 2021).</p><p><blockquote>具体来说，这与市场复苏时的表现模式有关。随着复苏的推进，这些模式应该会发生变化。正如我的同事迈克尔·威尔逊所指出的，我们认为我们正在进入周期中期市场，尽管距离经济活动低点仅16个月。我们看到当前状况与2004年上半年有许多相似之处，2004年上半年是大幅通货再膨胀反弹之后的周期中期。重要的是，尽管最近对增长感到担忧，但我们认为全球复苏将继续推进（见增长恐慌周年纪念，2021年7月11日）。</blockquote></p><p> Because one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.<b>It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.</b></p><p><blockquote>因为人们总能找到适合他们特定周期观点的指标，所以我们长期以来一直是综合指数的粉丝。这就是我们的“周期模型”，它结合了美国宏观、信贷周期和企业侵略性的十个指标，以衡量我们在市场周期中的位置。在2019年6月进入周期后期“低迷”和2020年4月进入周期早期“修复”后，该指数飙升。<b>它上升得如此之快，以至于已经过了下一个阶段（“复苏”），直接进入了“扩张”。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/41879c4f66b33597ee236bdd52841004\" tg-width=\"904\" tg-height=\"490\" referrerpolicy=\"no-referrer\">Thisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',<b>and since 1980, it has taken an average of 35 months to get there after 'downturn' ends</b>. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.<b>It also hints at another possibility:&nbsp;this hotter cycle could be shorter.</b>This is our thesis, and it’s showing up in our quantitative measure.</p><p><blockquote>这很不寻常。“扩张”意味着捕捉“比正常情况更好且正在改善”的条件，<b>自1980年以来，“低迷”结束后平均需要35个月才能实现这一目标</b>它的迅速到来表明，在巨大的政策支持下，经济正在迅速复苏。<b>这也暗示了另一种可能性：这个更热的周期可能会更短。</b>这是我们的论点，它体现在我们的定量测量中。</blockquote></p><p> All this has a number of implications:</p><p><blockquote>所有这些都有许多含义：</blockquote></p><p></p><p> <ul>  <li><b>The shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases</b>. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.</li>  <li><b>In many of those periods, more mixed credit performance occurs despite default rates remaining low</b>. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.</li>  <li><b>In equities, we think that our model supports more balance in portfolios</b>. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.</li>  <li><b>Interest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model</b>. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.</li> </ul> This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.</p><p><blockquote><ul><li><b>周期越短，信贷相对于其他风险资产越差；信贷从“繁荣”中获得的收益较少，如果下一次衰退提前到来，信贷就会面临风险，并且随着企业信心的增强，信贷将面临更多的供应</b>在我们周期模型的“扩张”阶段，美国IG和HY Credit N1200万超额回报分别比平均水平差29个基点和161个基点。</li><li><b>在其中许多时期，尽管违约率仍然很低，但信贷表现却参差不齐</b>投资者应该尝试承担违约风险而不是利差风险：我们的信用策略师喜欢持有CDX HY 0-15%，并用CDX IG付款人利差进行对冲。</li><li><b>在股票方面，我们认为我们的模型支持投资组合更加平衡</b>我们看好美国和欧洲的医疗保健行业，因为该行业具有几个良好的因素：质量、低估值、高利差和低波动性。从全球来看，欧洲和日本的股市往往跑赢“中期周期”，我们认为它们可以再次这样做。</li><li><b>利率对复苏过于悲观。在我们周期模型的“扩张”阶段，美国10年期国债1200万奈拉回报率比平均水平低97个基点</b>.Guneet Dhingra和我们的美国利率策略团队在全球资产配置中转移了跑输大盘美国10年期国债，而我们反过来又转移了跑输大盘政府债券。</li></ul>这种循环是不寻常的。大多数“正常”周期都是。我们认为复苏是可持续的，而且更有可能“更热、更短”。出售国债并相信扩张。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/morgan-stanley-cycle-will-be-hotter-shorter-usual\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/morgan-stanley-cycle-will-be-hotter-shorter-usual","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146536243","content_text":"We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.\nThe debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.\nBut 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.\nInstead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.\nWas last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.\nIf it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are. If a lot of 'normal' cycle behavior has played out so far, it should continue to do so.\nSpecifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see The Growth Scare Anniversary, July 11, 2021).\nBecause one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.\nThisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',and since 1980, it has taken an average of 35 months to get there after 'downturn' ends. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.It also hints at another possibility: this hotter cycle could be shorter.This is our thesis, and it’s showing up in our quantitative measure.\nAll this has a number of implications:\n\nThe shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.\nIn many of those periods, more mixed credit performance occurs despite default rates remaining low. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.\nIn equities, we think that our model supports more balance in portfolios. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.\nInterest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.\n\nThis cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":878295907,"gmtCreate":1637195179769,"gmtModify":1637195179885,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878295907","repostId":"2184547718","repostType":4,"isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871947106,"gmtCreate":1637022480143,"gmtModify":1637022480300,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871947106","repostId":"2183282074","repostType":4,"isVote":1,"tweetType":1,"viewCount":602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":840364816,"gmtCreate":1635592110583,"gmtModify":1635592110658,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/840364816","repostId":"2179223688","repostType":4,"isVote":1,"tweetType":1,"viewCount":398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":823430786,"gmtCreate":1633653177583,"gmtModify":1633653177796,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/823430786","repostId":"1163018074","repostType":4,"isVote":1,"tweetType":1,"viewCount":510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":887908846,"gmtCreate":1631952397585,"gmtModify":1632805108908,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/887908846","repostId":"1128389145","repostType":4,"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173072497,"gmtCreate":1626591849419,"gmtModify":1633925599141,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/173072497","repostId":"1183956332","repostType":4,"isVote":1,"tweetType":1,"viewCount":535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179970633,"gmtCreate":1626483906122,"gmtModify":1633926389893,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/179970633","repostId":"1169536573","repostType":4,"repost":{"id":"1169536573","kind":"news","pubTimestamp":1626448731,"share":"https://www.laohu8.com/m/news/1169536573?lang=zh_CN&edition=full","pubTime":"2021-07-16 23:18","market":"us","language":"en","title":"Coupa Shares Extend Losses After Post-Analyst Day Selloff<blockquote>分析师日抛售后，Coupa股价扩大跌幅</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169536573","media":"Thestreet","summary":"Coupa Software traded lower for a second day Friday, extending Thursday's near 10% loss, as analysts reassessed their outlooks for the financial management software company following a disappointing analyst day event.Coupa hosted a virtual analyst day on Thursday, when the platform provider shared additional detail about its Coupa Pay service, and also provided an update on its longer-term prospects.Analysts honed in on the more conservative outlook provided by Coupa's management team as the lik","content":"<p>Coupa Software(<b>COUP</b>)&nbsp;traded lower for a second day Friday, extending Thursday's near 10% loss, as analysts reassessed their outlooks for the financial management software company following a disappointing analyst day event.</p><p><blockquote>Coupa软件（<b>COUP</b>）周五连续第二天走低，延续了周四近10%的跌幅，分析师在经历了令人失望的分析师日活动后重新评估了对这家财务管理软件公司的前景。</blockquote></p><p> Coupa hosted a virtual analyst day on Thursday, when the platform provider shared additional detail about its Coupa Pay service, and also provided an update on its longer-term prospects.</p><p><blockquote>Coupa周四举办了虚拟分析师日，该平台提供商分享了有关其Coupa Pay服务的更多细节，并提供了有关其长期前景的最新信息。</blockquote></p><p> Analysts honed in on the more conservative outlook provided by Coupa's management team as the likely reason behind Thursday's selloff, though were generally sanguine about the company's longer-term prospects, with Piper Sandler one of the the few Wall Street investment firms to lower its one-year price target.</p><p><blockquote>分析师们认为Coupa管理团队提供的更为保守的前景可能是周四抛售背后的原因，但他们普遍对该公司的长期前景持乐观态度，Piper Sandler是少数几家下调一年股价的华尔街投资公司之一。价格目标。</blockquote></p><p> Piper Sandler analysts also focused on lack of progress with Coupa Pay, noting that “… considering the necessary conservatism that is needed to continue the well-known beat and raise cadence, the set-up was always less than ideal.” They held their overweight rating on the stock though lowered their price target to $295 from $300.</p><p><blockquote>Piper Sandler分析师还关注了Coupa Pay缺乏进展的问题，并指出“……考虑到继续众所周知的节拍和提高节奏所需的必要保守主义，这种设置总是不太理想。”他们维持对该股的跑赢大盘评级，但将目标价从300美元下调至295美元。</blockquote></p><p> Truist Securities was slightly more upbeat, though admitted investors “could have been disappointed by either what they heard from an attach rate perspective on Coupa Pay or potentially were disappointed that it’s likely a multi-year time line before Coupa Pay really moves the needle.” They held their buy rating and price target of $326.</p><p><blockquote>Truist Securities稍微乐观一些，尽管承认投资者“可能会对他们从Coupa Pay的附加利率角度听到的消息感到失望，或者可能会对Coupa Pay真正发挥作用可能需要多年时间线感到失望。”他们维持买入评级和326美元的目标价。</blockquote></p><p> Barclays analysts noted that while Coupa couldn’t meet “the very high expectations from the Street” for its Coupa Pay service it is maintaining its positive outlook. The investment bank held its equal weight rating on the shares and one-year price target of $250.</p><p><blockquote>巴克莱分析师指出，虽然Coupa无法满足“华尔街对其Coupa Pay服务的极高期望”，但它仍保持积极的前景。该投资银行维持该股等权重评级，一年目标价为250美元。</blockquote></p><p> Coupa shares plunged last monthafter the companyprovided a tepid forecastthat raised questions about its pace of billings growth.&nbsp;A number of analysts cut their price targets on the San Mateo, Calif., based company at the time, even after it reported a surprise profit and better-than-expected revenue forecasts.</p><p><blockquote>上个月，Coupa股价暴跌，此前该公司提供了一份不温不火的预测，引发了人们对其账单增长速度的质疑。当时，许多分析师下调了这家总部位于加州圣马特奥的公司的目标价，尽管该公司公布了意外的利润和好于预期的收入预测。</blockquote></p><p> At last check, Coupa shares were down 2.24% at $221.04. The stock has fallen 32.7% year to date.</p><p><blockquote>据上次检查，Coupa股价下跌2.24%，至221.04美元。该股今年迄今已下跌32.7%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coupa Shares Extend Losses After Post-Analyst Day Selloff<blockquote>分析师日抛售后，Coupa股价扩大跌幅</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoupa Shares Extend Losses After Post-Analyst Day Selloff<blockquote>分析师日抛售后，Coupa股价扩大跌幅</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-16 23:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Coupa Software(<b>COUP</b>)&nbsp;traded lower for a second day Friday, extending Thursday's near 10% loss, as analysts reassessed their outlooks for the financial management software company following a disappointing analyst day event.</p><p><blockquote>Coupa软件（<b>COUP</b>）周五连续第二天走低，延续了周四近10%的跌幅，分析师在经历了令人失望的分析师日活动后重新评估了对这家财务管理软件公司的前景。</blockquote></p><p> Coupa hosted a virtual analyst day on Thursday, when the platform provider shared additional detail about its Coupa Pay service, and also provided an update on its longer-term prospects.</p><p><blockquote>Coupa周四举办了虚拟分析师日，该平台提供商分享了有关其Coupa Pay服务的更多细节，并提供了有关其长期前景的最新信息。</blockquote></p><p> Analysts honed in on the more conservative outlook provided by Coupa's management team as the likely reason behind Thursday's selloff, though were generally sanguine about the company's longer-term prospects, with Piper Sandler one of the the few Wall Street investment firms to lower its one-year price target.</p><p><blockquote>分析师们认为Coupa管理团队提供的更为保守的前景可能是周四抛售背后的原因，但他们普遍对该公司的长期前景持乐观态度，Piper Sandler是少数几家下调一年股价的华尔街投资公司之一。价格目标。</blockquote></p><p> Piper Sandler analysts also focused on lack of progress with Coupa Pay, noting that “… considering the necessary conservatism that is needed to continue the well-known beat and raise cadence, the set-up was always less than ideal.” They held their overweight rating on the stock though lowered their price target to $295 from $300.</p><p><blockquote>Piper Sandler分析师还关注了Coupa Pay缺乏进展的问题，并指出“……考虑到继续众所周知的节拍和提高节奏所需的必要保守主义，这种设置总是不太理想。”他们维持对该股的跑赢大盘评级，但将目标价从300美元下调至295美元。</blockquote></p><p> Truist Securities was slightly more upbeat, though admitted investors “could have been disappointed by either what they heard from an attach rate perspective on Coupa Pay or potentially were disappointed that it’s likely a multi-year time line before Coupa Pay really moves the needle.” They held their buy rating and price target of $326.</p><p><blockquote>Truist Securities稍微乐观一些，尽管承认投资者“可能会对他们从Coupa Pay的附加利率角度听到的消息感到失望，或者可能会对Coupa Pay真正发挥作用可能需要多年时间线感到失望。”他们维持买入评级和326美元的目标价。</blockquote></p><p> Barclays analysts noted that while Coupa couldn’t meet “the very high expectations from the Street” for its Coupa Pay service it is maintaining its positive outlook. The investment bank held its equal weight rating on the shares and one-year price target of $250.</p><p><blockquote>巴克莱分析师指出，虽然Coupa无法满足“华尔街对其Coupa Pay服务的极高期望”，但它仍保持积极的前景。该投资银行维持该股等权重评级，一年目标价为250美元。</blockquote></p><p> Coupa shares plunged last monthafter the companyprovided a tepid forecastthat raised questions about its pace of billings growth.&nbsp;A number of analysts cut their price targets on the San Mateo, Calif., based company at the time, even after it reported a surprise profit and better-than-expected revenue forecasts.</p><p><blockquote>上个月，Coupa股价暴跌，此前该公司提供了一份不温不火的预测，引发了人们对其账单增长速度的质疑。当时，许多分析师下调了这家总部位于加州圣马特奥的公司的目标价，尽管该公司公布了意外的利润和好于预期的收入预测。</blockquote></p><p> At last check, Coupa shares were down 2.24% at $221.04. The stock has fallen 32.7% year to date.</p><p><blockquote>据上次检查，Coupa股价下跌2.24%，至221.04美元。该股今年迄今已下跌32.7%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/coupa-software-coup-rebound-selloff-analysts\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COUP":"Coupa Software Inc"},"source_url":"https://www.thestreet.com/investing/coupa-software-coup-rebound-selloff-analysts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169536573","content_text":"Coupa Software(COUP) traded lower for a second day Friday, extending Thursday's near 10% loss, as analysts reassessed their outlooks for the financial management software company following a disappointing analyst day event.\nCoupa hosted a virtual analyst day on Thursday, when the platform provider shared additional detail about its Coupa Pay service, and also provided an update on its longer-term prospects.\nAnalysts honed in on the more conservative outlook provided by Coupa's management team as the likely reason behind Thursday's selloff, though were generally sanguine about the company's longer-term prospects, with Piper Sandler one of the the few Wall Street investment firms to lower its one-year price target.\nPiper Sandler analysts also focused on lack of progress with Coupa Pay, noting that “… considering the necessary conservatism that is needed to continue the well-known beat and raise cadence, the set-up was always less than ideal.” They held their overweight rating on the stock though lowered their price target to $295 from $300.\nTruist Securities was slightly more upbeat, though admitted investors “could have been disappointed by either what they heard from an attach rate perspective on Coupa Pay or potentially were disappointed that it’s likely a multi-year time line before Coupa Pay really moves the needle.” They held their buy rating and price target of $326.\nBarclays analysts noted that while Coupa couldn’t meet “the very high expectations from the Street” for its Coupa Pay service it is maintaining its positive outlook. The investment bank held its equal weight rating on the shares and one-year price target of $250.\nCoupa shares plunged last monthafter the companyprovided a tepid forecastthat raised questions about its pace of billings growth. A number of analysts cut their price targets on the San Mateo, Calif., based company at the time, even after it reported a surprise profit and better-than-expected revenue forecasts.\nAt last check, Coupa shares were down 2.24% at $221.04. The stock has fallen 32.7% year to date.","news_type":1,"symbols_score_info":{"COUP":0.9}},"isVote":1,"tweetType":1,"viewCount":579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":607841716,"gmtCreate":1639528207331,"gmtModify":1639528207518,"author":{"id":"3587085062023538","authorId":"3587085062023538","name":"PEIYONG","avatar":"https://static.tigerbbs.com/d91e7a49d44f9756fece9556769c80bd","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3587085062023538","idStr":"3587085062023538"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/607841716","repostId":"2191784951","repostType":4,"isVote":1,"tweetType":1,"viewCount":1107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}