hitithard
2021-10-06
Ok
Inflation's a lot like cholesterol -- and stocks will be volatile until they can prove their resilience, these strategists say
免责声明:上述内容仅代表发帖人个人观点,不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP,发表看法
APP内打开
发表看法
3
3
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":829224289,"tweetId":"829224289","gmtCreate":1633518284365,"gmtModify":1633518284990,"author":{"id":3570063321997588,"authorId":3570063321997588,"authorIdStr":"3570063321997588","name":"hitithard","avatar":"https://static.tigerbbs.com/309ce7b357018aa7b946332c2fe8725c","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":41,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Ok</p></body></html>","htmlText":"<html><head></head><body><p>Ok</p></body></html>","text":"Ok","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/829224289","repostId":2173912087,"repostType":4,"repost":{"id":"2173912087","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1633517940,"share":"https://www.laohu8.com/m/news/2173912087?lang=&edition=full","pubTime":"2021-10-06 18:59","market":"us","language":"en","title":"Inflation's a lot like cholesterol -- and stocks will be volatile until they can prove their resilience, these strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2173912087","media":"Dow Jones","summary":"Critical information for the trading day.\n\nIt wasn't that long ago -- OK, yesterday -- when U.S. sto","content":"<blockquote>\n <b>Critical information for the trading day.</b>\n</blockquote>\n<p>It wasn't that long ago -- OK, yesterday -- when U.S. stocks gathered strength, with the battered Nasdaq Composite registering its largest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day jump since late August.</p>\n<p>Ah well, back to misery. Stock futures are down, yields are rising, and over in Europe, natural-gas prices are going absolutely insane.</p>\n<p>Strategists at Société Générale say inflation, like cholesterol, has good and bad kinds. The good kind is demand-driven, boosting revenue and earnings for companies and lifting assets and equity prices. The bad kind is supply-shock-driven, leading to rising costs and falling margins. \"Proof that inflation can be good or bad: for a decade, economists complained about the lack of inflation in the euro area but now everyone fears its return,\" say strategists led by Roland Kaloyan.</p>\n<p>The note is focused on European stocks but has lessons for U.S. equities as well. The strategists note the European earnings yield spread to U.S. Treasury yields is above its historical average, which they say suggests either a pricing in of a quarter-point rise in the Treasury yield or a reduction of about 4% in 12-month forward earnings.</p>\n<p><img src=\"https://static.tigerbbs.com/1a168242b15cc2b58e6bc1afc6f0ec99\" tg-width=\"700\" tg-height=\"373\" width=\"100%\" height=\"auto\"></p>\n<p>A chart from Yardeni Associates shows the U.S. earnings yield spread to the 10 year also above its historical average.</p>\n<p><img src=\"https://static.tigerbbs.com/b4031209573a17e66d402c1900fca10e\" tg-width=\"700\" tg-height=\"428\" width=\"100%\" height=\"auto\"></p>\n<p>The SocGen strategists expect the 10-year yield to continue to rise, reaching 1.7% by the end of the year and 2.25% in 12 months. They have a positive outlook on the market although volatility might remain high until third-quarter reporting season, which should be the moment of truth for whether companies have pricing power or not.</p>\n<p>The strategists don't think the recent sector rotation is the beginning of a long-term trend. For instance, they say investors are buying oil and gas stocks to neutralize their positions versus benchmarks, but still see the heavy structural challenge of decarbonization. For investors who do want value, they advise buying banks, which should benefit from rising bond yields but have limited exposure to China, rising energy prices and supply-chain bottlenecks. They say the recent consolidation offers opportunities in technology and industrials.</p>\n<p><b>The chart</b></p>\n<p><img src=\"https://static.tigerbbs.com/fbc09be027f3c3077a218258d144df03\" tg-width=\"954\" tg-height=\"672\" width=\"100%\" height=\"auto\"></p>\n<p>Hard to find a more scorned asset than coal, and yet, here we are, with a parabolic spike in the original black gold. Its surge is mostly due to China, where production has been constrained both due to environmental as well as new mining safety standards. This spike in coal price has been a contributor to the surge in natural-gas prices, as power producers switch to gas, and analysts at hedge fund Man Group point out it's also disrupting Chinese production. U.K. natural-gas futures surged on Wednesday and have jumped 587% this year.</p>\n<p><b>The buzz</b></p>\n<p>The ADP employment report is set for release at 8:15 a.m. Eastern.</p>\n<p>A summit between President Joe Biden and Chinese President Xi Jinping could be in the works ahead of a Swiss meeting on Wednesday of U.S. and Chinese security officials, according to the Financial Times.</p>\n<p>Merck <a href=\"https://laohu8.com/S/MRK\">$(MRK)$</a> CEO Rob Davis told the FT that the pharmaceutical has more \"firepower\" after agreeing to buy Acceleron Pharma last week.</p>\n<p>Palantir Technologies <a href=\"https://laohu8.com/S/PLTR\">$(PLTR)$</a> won most of an $823 million U.S. Army contract to provide data and analytics services.</p>\n<p>Listen to The Best New Ideas In Money podcast.</p>\n<p><b>The markets</b></p>\n<p>As mentioned above, pretty rocky. Dow industrials futures fell over 300 points as Nasdaq-100 futures slumped as the yield on the 10-year Treasury rose.</p>\n<p>Oil futures climbed to the highest level since 2014.</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>Inflation's a lot like cholesterol -- and stocks will be volatile until they can prove their resilience, these strategists say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInflation's a lot like cholesterol -- and stocks will be volatile until they can prove their resilience, these strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-10-06 18:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n <b>Critical information for the trading day.</b>\n</blockquote>\n<p>It wasn't that long ago -- OK, yesterday -- when U.S. stocks gathered strength, with the battered Nasdaq Composite registering its largest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day jump since late August.</p>\n<p>Ah well, back to misery. Stock futures are down, yields are rising, and over in Europe, natural-gas prices are going absolutely insane.</p>\n<p>Strategists at Société Générale say inflation, like cholesterol, has good and bad kinds. The good kind is demand-driven, boosting revenue and earnings for companies and lifting assets and equity prices. The bad kind is supply-shock-driven, leading to rising costs and falling margins. \"Proof that inflation can be good or bad: for a decade, economists complained about the lack of inflation in the euro area but now everyone fears its return,\" say strategists led by Roland Kaloyan.</p>\n<p>The note is focused on European stocks but has lessons for U.S. equities as well. The strategists note the European earnings yield spread to U.S. Treasury yields is above its historical average, which they say suggests either a pricing in of a quarter-point rise in the Treasury yield or a reduction of about 4% in 12-month forward earnings.</p>\n<p><img src=\"https://static.tigerbbs.com/1a168242b15cc2b58e6bc1afc6f0ec99\" tg-width=\"700\" tg-height=\"373\" width=\"100%\" height=\"auto\"></p>\n<p>A chart from Yardeni Associates shows the U.S. earnings yield spread to the 10 year also above its historical average.</p>\n<p><img src=\"https://static.tigerbbs.com/b4031209573a17e66d402c1900fca10e\" tg-width=\"700\" tg-height=\"428\" width=\"100%\" height=\"auto\"></p>\n<p>The SocGen strategists expect the 10-year yield to continue to rise, reaching 1.7% by the end of the year and 2.25% in 12 months. They have a positive outlook on the market although volatility might remain high until third-quarter reporting season, which should be the moment of truth for whether companies have pricing power or not.</p>\n<p>The strategists don't think the recent sector rotation is the beginning of a long-term trend. For instance, they say investors are buying oil and gas stocks to neutralize their positions versus benchmarks, but still see the heavy structural challenge of decarbonization. For investors who do want value, they advise buying banks, which should benefit from rising bond yields but have limited exposure to China, rising energy prices and supply-chain bottlenecks. They say the recent consolidation offers opportunities in technology and industrials.</p>\n<p><b>The chart</b></p>\n<p><img src=\"https://static.tigerbbs.com/fbc09be027f3c3077a218258d144df03\" tg-width=\"954\" tg-height=\"672\" width=\"100%\" height=\"auto\"></p>\n<p>Hard to find a more scorned asset than coal, and yet, here we are, with a parabolic spike in the original black gold. Its surge is mostly due to China, where production has been constrained both due to environmental as well as new mining safety standards. This spike in coal price has been a contributor to the surge in natural-gas prices, as power producers switch to gas, and analysts at hedge fund Man Group point out it's also disrupting Chinese production. U.K. natural-gas futures surged on Wednesday and have jumped 587% this year.</p>\n<p><b>The buzz</b></p>\n<p>The ADP employment report is set for release at 8:15 a.m. Eastern.</p>\n<p>A summit between President Joe Biden and Chinese President Xi Jinping could be in the works ahead of a Swiss meeting on Wednesday of U.S. and Chinese security officials, according to the Financial Times.</p>\n<p>Merck <a href=\"https://laohu8.com/S/MRK\">$(MRK)$</a> CEO Rob Davis told the FT that the pharmaceutical has more \"firepower\" after agreeing to buy Acceleron Pharma last week.</p>\n<p>Palantir Technologies <a href=\"https://laohu8.com/S/PLTR\">$(PLTR)$</a> won most of an $823 million U.S. Army contract to provide data and analytics services.</p>\n<p>Listen to The Best New Ideas In Money podcast.</p>\n<p><b>The markets</b></p>\n<p>As mentioned above, pretty rocky. Dow industrials futures fell over 300 points as Nasdaq-100 futures slumped as the yield on the 10-year Treasury rose.</p>\n<p>Oil futures climbed to the highest level since 2014.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc.","MRK":"默沙东"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2173912087","content_text":"Critical information for the trading day.\n\nIt wasn't that long ago -- OK, yesterday -- when U.S. stocks gathered strength, with the battered Nasdaq Composite registering its largest one-day jump since late August.\nAh well, back to misery. Stock futures are down, yields are rising, and over in Europe, natural-gas prices are going absolutely insane.\nStrategists at Société Générale say inflation, like cholesterol, has good and bad kinds. The good kind is demand-driven, boosting revenue and earnings for companies and lifting assets and equity prices. The bad kind is supply-shock-driven, leading to rising costs and falling margins. \"Proof that inflation can be good or bad: for a decade, economists complained about the lack of inflation in the euro area but now everyone fears its return,\" say strategists led by Roland Kaloyan.\nThe note is focused on European stocks but has lessons for U.S. equities as well. The strategists note the European earnings yield spread to U.S. Treasury yields is above its historical average, which they say suggests either a pricing in of a quarter-point rise in the Treasury yield or a reduction of about 4% in 12-month forward earnings.\n\nA chart from Yardeni Associates shows the U.S. earnings yield spread to the 10 year also above its historical average.\n\nThe SocGen strategists expect the 10-year yield to continue to rise, reaching 1.7% by the end of the year and 2.25% in 12 months. They have a positive outlook on the market although volatility might remain high until third-quarter reporting season, which should be the moment of truth for whether companies have pricing power or not.\nThe strategists don't think the recent sector rotation is the beginning of a long-term trend. For instance, they say investors are buying oil and gas stocks to neutralize their positions versus benchmarks, but still see the heavy structural challenge of decarbonization. For investors who do want value, they advise buying banks, which should benefit from rising bond yields but have limited exposure to China, rising energy prices and supply-chain bottlenecks. They say the recent consolidation offers opportunities in technology and industrials.\nThe chart\n\nHard to find a more scorned asset than coal, and yet, here we are, with a parabolic spike in the original black gold. Its surge is mostly due to China, where production has been constrained both due to environmental as well as new mining safety standards. This spike in coal price has been a contributor to the surge in natural-gas prices, as power producers switch to gas, and analysts at hedge fund Man Group point out it's also disrupting Chinese production. U.K. natural-gas futures surged on Wednesday and have jumped 587% this year.\nThe buzz\nThe ADP employment report is set for release at 8:15 a.m. Eastern.\nA summit between President Joe Biden and Chinese President Xi Jinping could be in the works ahead of a Swiss meeting on Wednesday of U.S. and Chinese security officials, according to the Financial Times.\nMerck $(MRK)$ CEO Rob Davis told the FT that the pharmaceutical has more \"firepower\" after agreeing to buy Acceleron Pharma last week.\nPalantir Technologies $(PLTR)$ won most of an $823 million U.S. Army contract to provide data and analytics services.\nListen to The Best New Ideas In Money podcast.\nThe markets\nAs mentioned above, pretty rocky. Dow industrials futures fell over 300 points as Nasdaq-100 futures slumped as the yield on the 10-year Treasury rose.\nOil futures climbed to the highest level since 2014.","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/829224289"}
精彩评论