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Gemini46

Gemini46

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2021-07-10

👍 great

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2021-07-08

Good

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2021-07-04

Refresh and new start after holiday

Is the stock market closed for the July Fourth holiday? Here’s what you need to know

2021-07-03

Good new, economy is recovering

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2021-07-01

Good new

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2021-06-24

Agree

Bank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner

2021-06-23

Good new

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2021-04-20

Good new😊

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and new start after holiday","listText":"Refresh and new start after holiday","text":"Refresh and new start after holiday","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155804171","repostId":"1129944702","repostType":4,"repost":{"id":"1129944702","pubTimestamp":1625364641,"share":"https://www.laohu8.com/m/news/1129944702?lang=&edition=full","pubTime":"2021-07-04 10:10","market":"us","language":"en","title":"Is the stock market closed for the July Fourth holiday? Here’s what you need to know","url":"https://stock-news.laohu8.com/highlight/detail?id=1129944702","media":"MarketWatch","summary":"Independence Day will be observed Monday, but many Americans are taking to the road for a 3-day week","content":"<blockquote>\n <b>Independence Day will be observed Monday, but many Americans are taking to the road for a 3-day weekend.</b>\n</blockquote>\n<p>Independence Day falls on Sunday this year, so U.S. financial markets will be closed on Monday.</p>\n<p>TheNew York Stock Exchangeand theNasdaqshut at the end of regular trade Friday.</p>\n<p>Trading in oil futuresCL.1,-0.05%and other energy products on the New York Mercantile Exchange will resume at its regular time of 6 p.m. Eastern Monday.</p>\n<p>The holiday may feel especially festive this year: after being cooped up for the past year, nearly 44 million Americans are expected to take to the road, even as gas prices hit their highest since 2014 and rental cars remain scarce.</p>\n<p>But there’s still reason to be cautious: public-health officials are nervously watching the new delta variant of COVID-19, whichhas now been found in all 50 states and Washington, D.C.Gatherings of fans for the Euro 2020 football tournament are likely to blame for the resurgence of cases there,the World Health Organization saidThursday.</p>\n<p>Risky July Fourth practices long predate COVID-19, however.The Library of Congressnotes that there were 1,531 deaths between 1903 and 1910 from “fireworks and other incidents during July 4th celebrations.” In 1909, more than 5,000 Americans were injured, leading President Taft to appeal for a “Sane Fourth.”</p>\n<p>There may be some reason to approach financial markets with some caution, as well. All threebenchmark indexes swept to fresh highs Friday, marking the seventh in a row for the S&amp;P 500 indexSPX,+0.75%.</p>\n<p>The S&amp;P, along with the Dow Jones Industrial AverageDJIA,+0.44%and Nasdaq Composite indexCOMP,+0.81%booked their best first half of the year since 2019, according to Dow Jones Market data.</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 stock market closed for the July Fourth holiday? 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Here’s what you need to know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-04 10:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/heres-what-you-need-to-know-about-markets-and-the-july-fourth-u-s-holiday-11625240660?mod=hp_LATEST&adobe_mc=MCMID%3D81959659291108299300573327490633825258%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1625364288&adobe_mc=MCMID%3D81959659291108299300573327490633825258%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1625364294><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Independence Day will be observed Monday, but many Americans are taking to the road for a 3-day weekend.\n\nIndependence Day falls on Sunday this year, so U.S. financial markets will be closed on Monday...</p>\n\n<a href=\"https://www.marketwatch.com/story/heres-what-you-need-to-know-about-markets-and-the-july-fourth-u-s-holiday-11625240660?mod=hp_LATEST&adobe_mc=MCMID%3D81959659291108299300573327490633825258%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1625364288&adobe_mc=MCMID%3D81959659291108299300573327490633825258%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1625364294\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/heres-what-you-need-to-know-about-markets-and-the-july-fourth-u-s-holiday-11625240660?mod=hp_LATEST&adobe_mc=MCMID%3D81959659291108299300573327490633825258%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1625364288&adobe_mc=MCMID%3D81959659291108299300573327490633825258%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1625364294","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129944702","content_text":"Independence Day will be observed Monday, but many Americans are taking to the road for a 3-day weekend.\n\nIndependence Day falls on Sunday this year, so U.S. financial markets will be closed on Monday.\nTheNew York Stock Exchangeand theNasdaqshut at the end of regular trade Friday.\nTrading in oil futuresCL.1,-0.05%and other energy products on the New York Mercantile Exchange will resume at its regular time of 6 p.m. Eastern Monday.\nThe holiday may feel especially festive this year: after being cooped up for the past year, nearly 44 million Americans are expected to take to the road, even as gas prices hit their highest since 2014 and rental cars remain scarce.\nBut there’s still reason to be cautious: public-health officials are nervously watching the new delta variant of COVID-19, whichhas now been found in all 50 states and Washington, D.C.Gatherings of fans for the Euro 2020 football tournament are likely to blame for the resurgence of cases there,the World Health Organization saidThursday.\nRisky July Fourth practices long predate COVID-19, however.The Library of Congressnotes that there were 1,531 deaths between 1903 and 1910 from “fireworks and other incidents during July 4th celebrations.” In 1909, more than 5,000 Americans were injured, leading President Taft to appeal for a “Sane Fourth.”\nThere may be some reason to approach financial markets with some caution, as well. All threebenchmark indexes swept to fresh highs Friday, marking the seventh in a row for the S&P 500 indexSPX,+0.75%.\nThe S&P, along with the Dow Jones Industrial AverageDJIA,+0.44%and Nasdaq Composite indexCOMP,+0.81%booked their best first half of the year since 2019, according to Dow Jones Market data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152122626,"gmtCreate":1625277136765,"gmtModify":1631890678736,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576847228916416","authorIdStr":"3576847228916416"},"themes":[],"htmlText":"Good new, economy is recovering&nbsp;","listText":"Good new, economy is recovering&nbsp;","text":"Good new, economy is recovering","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/152122626","repostId":"1165340887","repostType":4,"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158046181,"gmtCreate":1625116431443,"gmtModify":1631890678751,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576847228916416","authorIdStr":"3576847228916416"},"themes":[],"htmlText":"Good new","listText":"Good new","text":"Good new","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158046181","repostId":"2148189849","repostType":4,"isVote":1,"tweetType":1,"viewCount":254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128585507,"gmtCreate":1624523863509,"gmtModify":1631888361523,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576847228916416","authorIdStr":"3576847228916416"},"themes":[],"htmlText":"Agree","listText":"Agree","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128585507","repostId":"1166720474","repostType":4,"repost":{"id":"1166720474","pubTimestamp":1624523507,"share":"https://www.laohu8.com/m/news/1166720474?lang=&edition=full","pubTime":"2021-06-24 16:31","market":"us","language":"en","title":"Bank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1166720474","media":"seekingalpha","summary":"Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low","content":"<p><b>Summary</b></p>\n<ul>\n <li>In recent months, I have been advocating buying Bank of America when interest rates are low.</li>\n <li>The Fed is finally explicitly acknowledging inflation risks.</li>\n <li>I am taking advantage of recent dip in the share price of banks.</li>\n <li>The release of the CCAR stress tests should be a positive catalyst for BAC given substantial excess capital on its balance sheet.</li>\n <li>I have turned \"very bullish\" and have been accumulating the stock in recent days.</li>\n</ul>\n<p>The Fed is acknowledging inflation risks. It is now time to 'think about thinking about' tapering bond purchases. The \"dot points\" by the FOMC participants suggest that the Fed overnight rate may rise as early as 2022 (see below chart):</p>\n<p>The markets reacted somewhat strangely to the Fed's repositioning on inflation risks. Short-term interest rates rose whereby long treasuries' yield declined strongly, and therefore resulting in a flattening of the yield curve.</p>\n<p>When the curve flattens, the algorithmic selling of banks gets triggered - I do not mind at all, as I get to buy the dips on the likes of Citigroup (C) and Barclays (BCS).</p>\n<p>The conventional wisdom is that the Fed is looking to rein in inflation by raising rates earlier than expected and therefore a 'mini rotation' away from cyclicals to growth has taken place. Chairman Powell furtherreiterated this weekthe Fed's accommodative stance and noted that the FOMC's dot-point projections should be taken with \"a large grain of salt\".</p>\n<p>My base view is that moderate inflation (unlike the one we have seen in the 1970s) is on the cards and that is what is being engineered by the Fed. The global economy desperately needs inflation due to the massive amount of debt issued by governments in recent years. The only way to get out of the predicament we are in is to slowly (but surely) demonetize the debt. At the same time, the world economy cannot really afford high nominal interest rates or otherwise let inflation get completely out of control.</p>\n<p>So in the next few years, I expect moderately higher short-term interest rates, some form of yield curve control, and a steepening yield curve (especially at the long end). And this is quite a positive environment for financials and especially so for Bank of America (BAC).</p>\n<p><b>The most interest rates sensitive bank</b></p>\n<p>BAC is one of the most interest-sensitive banks in North America. This can be clearly seen in its most recent disclosure in theQ1'2021 10-Q:</p>\n<p><img src=\"https://static.tigerbbs.com/ec53741ffe4bdcf3ba47e66278a8ff79\" tg-width=\"640\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p>\n<p>As you can see from above, BAC is projected to benefit by an incremental $8.3 billion of pre-tax income where a parallel shift in interest rates of 100 basis points takes place. Most of the benefit, however, is in the short end (~$6.3 billion).</p>\n<p>It is important to note that the above projection is static (assuming instantaneous movement in interest rates) and does not take into account management actions. You can see, for example, the reduced sensitivity at the long end compared with 31 December disclosures. It appears that during Q1'2021, BAC has taken advantage of higher long-term yields and extended the duration of its securities portfolio.</p>\n<p><b>What is driving BAC interest rate sensitivity?</b></p>\n<p>BAC is a deposit-gathering monster with greater than $1.8T balances as ofQ1'2021.</p>\n<p>These deposits are typically very sticky and cut across the retail mass market, high-net-worth individuals, small businesses, and large corporates.</p>\n<p>Currently, with 0% overnight interest rates and the 10-year Treasury yielding less than 1.5%, the returns on this amazing deposit franchise are at a cyclical bottom.</p>\n<p>You can think of banks, in that context, as commodity producers. The commodity they are selling is \"interest rates\" and BAC is the lowest cost producer by far with ample capacity. The operating leverage built-in in this business model, when and if interest rates rise, is nothing short of exceptional.</p>\n<p>If you believe the forecast of the FOMC members for longer-term overnight rates of 2.5% (and naturally longer-term rates will be higher), then the incremental pre-tax income for BAC should be well in excess of $20 billion. To recap, BAC's current market cap is ~$320 billion, and the return on tangible equity during Q1'2021 has been in excess of 17 percent (even in the current low-interest rate environment). The upside is clear and significant.</p>\n<p><b>A CCAR winner</b></p>\n<p>The Fed is expected to release the results of the 2021 Comprehensive Capital Analysis and Review (CCAR) on Thursday 24th June after market close. CCAR is an annual exercise by the Federal Reserve designed to assess whether the largest banks operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress.</p>\n<p>I expect BAC to pass with flying colours as they have done so in the last few CCAR cycles. After all, BAC has a relatively much lower risk profile compared to peer banks. This is evident from the lastCCAR stress testperformed in December 2020:</p>\n<p><img src=\"https://static.tigerbbs.com/43588f352e781a567b15e73f99313e89\" tg-width=\"640\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p>\n<p>As can be seen from above, the drawdown in its capital ratios during a forecasted severely adverse scenario is materially lower than the median.</p>\n<p>As such, I expect BAC to be bound by a requirement to hold a minimum common equity tier 1 (\"CET1\") ratio of 9.5%. Given that its current ratio is 11.8%, it is very clear that BAC has ample capacity to return capital to shareholders in the form of dividends and buybacks.</p>\n<p>Assuming a management buffer of 0.5% to 1.0%, I expect BAC to aim for a CET1 ratio of 10% to 10.5%. On the basis of excess capital and expected earnings for 2021, I expect BAC to return 125% to 150% of its 2021 earnings in the current CCAR cycle.</p>\n<p>This should translate to increased dividends as well as massive buybacks.</p>\n<p><b>Final thoughts</b></p>\n<p>I see BAC as a top stock to own in a moderate inflationary environment. The operating leverage embedded in its business model in a rising rates setting is nothing short of exceptional. It is also a great hedge to a portfolio comprising of defensive assets such as bonds and growth/large technology stocks.</p>\n<p>I have taken advantage of the recent dip in banks' share price and have been adding selectively in my favourite names. I have now turned \"very bullish\" on BAC. I also expect that the release of the CCAR results today will be quite a positive catalyst for banks and especially for BAC given the substantial excess capital on its balance sheet.</p>","source":"seekingalpha","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>Bank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner</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\">\nBank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low.\nThe Fed is finally explicitly acknowledging inflation risks.\nI am taking advantage of recent dip ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行"},"source_url":"https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166720474","content_text":"Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low.\nThe Fed is finally explicitly acknowledging inflation risks.\nI am taking advantage of recent dip in the share price of banks.\nThe release of the CCAR stress tests should be a positive catalyst for BAC given substantial excess capital on its balance sheet.\nI have turned \"very bullish\" and have been accumulating the stock in recent days.\n\nThe Fed is acknowledging inflation risks. It is now time to 'think about thinking about' tapering bond purchases. The \"dot points\" by the FOMC participants suggest that the Fed overnight rate may rise as early as 2022 (see below chart):\nThe markets reacted somewhat strangely to the Fed's repositioning on inflation risks. Short-term interest rates rose whereby long treasuries' yield declined strongly, and therefore resulting in a flattening of the yield curve.\nWhen the curve flattens, the algorithmic selling of banks gets triggered - I do not mind at all, as I get to buy the dips on the likes of Citigroup (C) and Barclays (BCS).\nThe conventional wisdom is that the Fed is looking to rein in inflation by raising rates earlier than expected and therefore a 'mini rotation' away from cyclicals to growth has taken place. Chairman Powell furtherreiterated this weekthe Fed's accommodative stance and noted that the FOMC's dot-point projections should be taken with \"a large grain of salt\".\nMy base view is that moderate inflation (unlike the one we have seen in the 1970s) is on the cards and that is what is being engineered by the Fed. The global economy desperately needs inflation due to the massive amount of debt issued by governments in recent years. The only way to get out of the predicament we are in is to slowly (but surely) demonetize the debt. At the same time, the world economy cannot really afford high nominal interest rates or otherwise let inflation get completely out of control.\nSo in the next few years, I expect moderately higher short-term interest rates, some form of yield curve control, and a steepening yield curve (especially at the long end). And this is quite a positive environment for financials and especially so for Bank of America (BAC).\nThe most interest rates sensitive bank\nBAC is one of the most interest-sensitive banks in North America. This can be clearly seen in its most recent disclosure in theQ1'2021 10-Q:\n\nAs you can see from above, BAC is projected to benefit by an incremental $8.3 billion of pre-tax income where a parallel shift in interest rates of 100 basis points takes place. Most of the benefit, however, is in the short end (~$6.3 billion).\nIt is important to note that the above projection is static (assuming instantaneous movement in interest rates) and does not take into account management actions. You can see, for example, the reduced sensitivity at the long end compared with 31 December disclosures. It appears that during Q1'2021, BAC has taken advantage of higher long-term yields and extended the duration of its securities portfolio.\nWhat is driving BAC interest rate sensitivity?\nBAC is a deposit-gathering monster with greater than $1.8T balances as ofQ1'2021.\nThese deposits are typically very sticky and cut across the retail mass market, high-net-worth individuals, small businesses, and large corporates.\nCurrently, with 0% overnight interest rates and the 10-year Treasury yielding less than 1.5%, the returns on this amazing deposit franchise are at a cyclical bottom.\nYou can think of banks, in that context, as commodity producers. The commodity they are selling is \"interest rates\" and BAC is the lowest cost producer by far with ample capacity. The operating leverage built-in in this business model, when and if interest rates rise, is nothing short of exceptional.\nIf you believe the forecast of the FOMC members for longer-term overnight rates of 2.5% (and naturally longer-term rates will be higher), then the incremental pre-tax income for BAC should be well in excess of $20 billion. To recap, BAC's current market cap is ~$320 billion, and the return on tangible equity during Q1'2021 has been in excess of 17 percent (even in the current low-interest rate environment). The upside is clear and significant.\nA CCAR winner\nThe Fed is expected to release the results of the 2021 Comprehensive Capital Analysis and Review (CCAR) on Thursday 24th June after market close. CCAR is an annual exercise by the Federal Reserve designed to assess whether the largest banks operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress.\nI expect BAC to pass with flying colours as they have done so in the last few CCAR cycles. After all, BAC has a relatively much lower risk profile compared to peer banks. This is evident from the lastCCAR stress testperformed in December 2020:\n\nAs can be seen from above, the drawdown in its capital ratios during a forecasted severely adverse scenario is materially lower than the median.\nAs such, I expect BAC to be bound by a requirement to hold a minimum common equity tier 1 (\"CET1\") ratio of 9.5%. Given that its current ratio is 11.8%, it is very clear that BAC has ample capacity to return capital to shareholders in the form of dividends and buybacks.\nAssuming a management buffer of 0.5% to 1.0%, I expect BAC to aim for a CET1 ratio of 10% to 10.5%. On the basis of excess capital and expected earnings for 2021, I expect BAC to return 125% to 150% of its 2021 earnings in the current CCAR cycle.\nThis should translate to increased dividends as well as massive buybacks.\nFinal thoughts\nI see BAC as a top stock to own in a moderate inflationary environment. The operating leverage embedded in its business model in a rising rates setting is nothing short of exceptional. It is also a great hedge to a portfolio comprising of defensive assets such as bonds and growth/large technology stocks.\nI have taken advantage of the recent dip in banks' share price and have been adding selectively in my favourite names. I have now turned \"very bullish\" on BAC. I also expect that the release of the CCAR results today will be quite a positive catalyst for banks and especially for BAC given the substantial excess capital on its balance sheet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123879725,"gmtCreate":1624418247967,"gmtModify":1631890678761,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576847228916416","authorIdStr":"3576847228916416"},"themes":[],"htmlText":"Good new","listText":"Good new","text":"Good new","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123879725","repostId":"2145664330","repostType":4,"isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371035123,"gmtCreate":1618891043262,"gmtModify":1631890678779,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576847228916416","authorIdStr":"3576847228916416"},"themes":[],"htmlText":"Good new😊","listText":"Good new😊","text":"Good new😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371035123","repostId":"1192216088","repostType":4,"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":152122626,"gmtCreate":1625277136765,"gmtModify":1631890678736,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847228916416","idStr":"3576847228916416"},"themes":[],"htmlText":"Good new, economy is recovering&nbsp;","listText":"Good new, economy is recovering&nbsp;","text":"Good new, economy is recovering","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/152122626","repostId":"1165340887","repostType":4,"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148084203,"gmtCreate":1625901253302,"gmtModify":1631890678701,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847228916416","idStr":"3576847228916416"},"themes":[],"htmlText":"👍 great","listText":"👍 great","text":"👍 great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/148084203","repostId":"1101087642","repostType":4,"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155804171,"gmtCreate":1625397734593,"gmtModify":1631890678727,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847228916416","idStr":"3576847228916416"},"themes":[],"htmlText":"Refresh and new start after holiday","listText":"Refresh and new start after holiday","text":"Refresh and new start after holiday","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155804171","repostId":"1129944702","repostType":4,"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149371386,"gmtCreate":1625707089445,"gmtModify":1631890678710,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847228916416","idStr":"3576847228916416"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/149371386","repostId":"1193960545","repostType":4,"repost":{"id":"1193960545","pubTimestamp":1625699849,"share":"https://www.laohu8.com/m/news/1193960545?lang=&edition=full","pubTime":"2021-07-08 07:17","market":"us","language":"en","title":"S&P 500, Nasdaq post record closing highs after Fed minutes","url":"https://stock-news.laohu8.com/highlight/detail?id=1193960545","media":"Reuters","summary":"Fed keen to be \"well positioned\" to act on inflation - minutes\nDow up 0.3%, S&P 500 up 0.3%, Nasdaq ","content":"<ul>\n <li>Fed keen to be \"well positioned\" to act on inflation - minutes</li>\n <li>Dow up 0.3%, S&amp;P 500 up 0.3%, Nasdaq up 0.01%</li>\n</ul>\n<p>NEW YORK, July 7 (Reuters) - U.S. stocks ended higher on Wednesday and the S&amp;P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.</p>\n<p>According to the minutes of the U.S. central bank's June policy meeting, Fed officials felt substantial further progress on the economic recovery \"was generally seen as not having yet been met,\" but agreed they should be poised to act if inflation or other risks materialized.</p>\n<p>\"I read this as effectively a dovish set of notes simply because they don't feel as a group that they have enough certainty around the situation to make any changes at all,\" said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts.</p>\n<p>Treasury yields edged lower following the Fed minutes, while stocks mostly edged higher.</p>\n<p>The minutes reflected a divided Fed wrestling with new inflation risks but still relatively high unemployment.</p>\n<p>After its meeting and statement last month, investors began to anticipate the Fed would move more quickly to tighten than previously expected.</p>\n<p>Wall Street has been concerned about inflation, with investors moving between economy-linked value stocks and growth names in the past few sessions.</p>\n<p>Both growth(.RLG)and value stocks(.RLV)gained on Wednesday, while industrials(.SPLRCI)and materials(.SPLRCM)led S&amp;P 500 sector gains.</p>\n<p>The Dow Jones Industrial Average(.DJI)rose 104.42 points, or 0.3%, to 34,681.79, the S&amp;P 500(.SPX)gained 14.59 points, or 0.34%, to 4,358.13 and the Nasdaq Composite(.IXIC)added 1.42 points, or 0.01%, to 14,665.06.<img src=\"https://static.tigerbbs.com/b82724f48859f601746f387b53e8bf71\" tg-width=\"958\" tg-height=\"720\" referrerpolicy=\"no-referrer\">China's market regulator said it has fined a number of internet companies including Didi Global(DIDI.N), Tencent(0700.HK)and Alibaba(9988.HK)for failing to report earlier merger and acquisition deals for approval.read more</p>\n<p>U.S.-listed shares of Didi fell 4.6%, adding to a nearly 20% slump on Tuesday.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 71 new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 121 new lows.</p>\n<p>Volume on U.S. exchanges was 10.04 billion shares, compared with the 10.7 billion average for the full session over the last 20 trading days.</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 500, Nasdaq post record closing highs after Fed minutes</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 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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\">\nS&P 500, Nasdaq post record closing highs after Fed minutes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 07:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/sp-500-nasdaq-post-record-closing-highs-after-fed-minutes-2021-07-07/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fed keen to be \"well positioned\" to act on inflation - minutes\nDow up 0.3%, S&P 500 up 0.3%, Nasdaq up 0.01%\n\nNEW YORK, July 7 (Reuters) - U.S. stocks ended higher on Wednesday and the S&P 500 and ...</p>\n\n<a href=\"https://www.reuters.com/business/sp-500-nasdaq-post-record-closing-highs-after-fed-minutes-2021-07-07/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","PSQ":"纳指反向ETF","SH":"标普500反向ETF",".SPX":"S&P 500 Index","OEX":"标普100","SSO":"两倍做多标普500ETF","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF","TQQQ":"纳指三倍做多ETF","SPY":"标普500ETF","NDAQ":"纳斯达克OMX交易所","UPRO":"三倍做多标普500ETF","SDS":"两倍做空标普500ETF","IVV":"标普500指数ETF",".IXIC":"NASDAQ Composite","QID":"纳指两倍做空ETF","QQQ":"纳指100ETF"},"source_url":"https://www.reuters.com/business/sp-500-nasdaq-post-record-closing-highs-after-fed-minutes-2021-07-07/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193960545","content_text":"Fed keen to be \"well positioned\" to act on inflation - minutes\nDow up 0.3%, S&P 500 up 0.3%, Nasdaq up 0.01%\n\nNEW YORK, July 7 (Reuters) - U.S. stocks ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.\nAccording to the minutes of the U.S. central bank's June policy meeting, Fed officials felt substantial further progress on the economic recovery \"was generally seen as not having yet been met,\" but agreed they should be poised to act if inflation or other risks materialized.\n\"I read this as effectively a dovish set of notes simply because they don't feel as a group that they have enough certainty around the situation to make any changes at all,\" said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts.\nTreasury yields edged lower following the Fed minutes, while stocks mostly edged higher.\nThe minutes reflected a divided Fed wrestling with new inflation risks but still relatively high unemployment.\nAfter its meeting and statement last month, investors began to anticipate the Fed would move more quickly to tighten than previously expected.\nWall Street has been concerned about inflation, with investors moving between economy-linked value stocks and growth names in the past few sessions.\nBoth growth(.RLG)and value stocks(.RLV)gained on Wednesday, while industrials(.SPLRCI)and materials(.SPLRCM)led S&P 500 sector gains.\nThe Dow Jones Industrial Average(.DJI)rose 104.42 points, or 0.3%, to 34,681.79, the S&P 500(.SPX)gained 14.59 points, or 0.34%, to 4,358.13 and the Nasdaq Composite(.IXIC)added 1.42 points, or 0.01%, to 14,665.06.China's market regulator said it has fined a number of internet companies including Didi Global(DIDI.N), Tencent(0700.HK)and Alibaba(9988.HK)for failing to report earlier merger and acquisition deals for approval.read more\nU.S.-listed shares of Didi fell 4.6%, adding to a nearly 20% slump on Tuesday.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.92-to-1 ratio favored decliners.\nThe S&P 500 posted 71 new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 121 new lows.\nVolume on U.S. exchanges was 10.04 billion shares, compared with the 10.7 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":256,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128585507,"gmtCreate":1624523863509,"gmtModify":1631888361523,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847228916416","idStr":"3576847228916416"},"themes":[],"htmlText":"Agree","listText":"Agree","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128585507","repostId":"1166720474","repostType":4,"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158046181,"gmtCreate":1625116431443,"gmtModify":1631890678751,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847228916416","idStr":"3576847228916416"},"themes":[],"htmlText":"Good new","listText":"Good new","text":"Good new","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158046181","repostId":"2148189849","repostType":4,"repost":{"id":"2148189849","pubTimestamp":1625108543,"share":"https://www.laohu8.com/m/news/2148189849?lang=&edition=full","pubTime":"2021-07-01 11:02","market":"sg","language":"en","title":"Singapore's resident unemployment rate falls for 7th straight month","url":"https://stock-news.laohu8.com/highlight/detail?id=2148189849","media":"The Straits Times","summary":"SINGAPORE - Singapore's labour market continued to recover in May, latest figures from the Ministry ","content":"<div>\n<p>SINGAPORE - Singapore's labour market continued to recover in May, latest figures from the Ministry of Manpower showed on Thursday (July 1).\nThe resident unemployment rate, which covers Singapore ...</p>\n\n<a href=\"http://www.straitstimes.com/singapore/jobs/spore-resident-unemployment-rate-falls-for-seventh-straight-month\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore's resident unemployment rate falls for 7th straight month</title>\n<style 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}\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\">\nSingapore's resident unemployment rate falls for 7th straight month\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/singapore/jobs/spore-resident-unemployment-rate-falls-for-seventh-straight-month><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE - Singapore's labour market continued to recover in May, latest figures from the Ministry of Manpower showed on Thursday (July 1).\nThe resident unemployment rate, which covers Singapore ...</p>\n\n<a href=\"http://www.straitstimes.com/singapore/jobs/spore-resident-unemployment-rate-falls-for-seventh-straight-month\">Web Link</a>\n\n</div>\n\n\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":"http://www.straitstimes.com/singapore/jobs/spore-resident-unemployment-rate-falls-for-seventh-straight-month","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2148189849","content_text":"SINGAPORE - Singapore's labour market continued to recover in May, latest figures from the Ministry of Manpower showed on Thursday (July 1).\nThe resident unemployment rate, which covers Singapore citizens and permanent residents, fell for the seventh consecutive month. It declined to 3.8 per cent, from 3.9 per cent in the preceding month.\nMeanwhile, unemployment among Singapore citizens also dropped to 4.0 per cent, from 4.1 per cent previously.\nThe overall unemployment rate fell to 2.8 per cent, from 2.9 per cent in April.\nAbout 88,600 residents were unemployed in May, including 79,000 citizens. This is down from the 92,100 unemployed residents, including 82,800 citizens, in April.\nSingapore's unemployment rates peaked in September last year and persisted through October, before falling steadily since November.\nThe downward trend of unemployment ratesis a good sign that the labour market is steadily improving, said Manpower Minister Tan See Leng.\n\"However, we remain cautiously optimistic about the situation as we continue to see resurgence of the virus globally and have also yet to see the full impact of phase two (heightened alert) restrictions, which began in mid-May,\" said Dr Tan in a Facebook post on Thursday.\nHe added that the road to recovery may be a long one.\n\"As we restructure and rejuvenate our economy so that we can create good jobs, I urge businesses to tap on available support such as the Jobs Growth Incentive to expand local hiring, as well as existing schemes to innovate and transform their work processes,\" he said. \"At the same time, I want to encourage our jobseekers, who have continuously shown resilience and willingness to try out new roles and sectors during this difficult time.\"\nJobseekers who need help with their job search can approach Workforce Singapore and the National Trades Union Congress' Employment and Employability Institute.\nMOM and WSG will continue to work with the various economic agencies to create new opportunities and match workers to them, said Dr Tan. \"Together, we will press on, towards the road of recovery.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":254,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123879725,"gmtCreate":1624418247967,"gmtModify":1631890678761,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847228916416","idStr":"3576847228916416"},"themes":[],"htmlText":"Good new","listText":"Good new","text":"Good new","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123879725","repostId":"2145664330","repostType":4,"isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371035123,"gmtCreate":1618891043262,"gmtModify":1631890678779,"author":{"id":"3576847228916416","authorId":"3576847228916416","name":"Gemini46","avatar":"https://static.tigerbbs.com/b49dc865f2a1c9a19049ae1bcab7a220","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576847228916416","idStr":"3576847228916416"},"themes":[],"htmlText":"Good new😊","listText":"Good new😊","text":"Good new😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371035123","repostId":"1192216088","repostType":4,"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}