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JosephLow
2021-08-18
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@3Fs:执行平均下降投资策略的博弈计划
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The Ark Funds' Actions to Lighten up China Concepts Stocks
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wrote about the importance of having the right mental mindset in order to enact a perfect execution strategy in investing. In this article, we’ll explore a little deeper about devising a game plan on Averaging Down as an investment strategy. Do note that the focus is primarily on fundamentals first, technical second. As such, as and when we find that there is sufficient value in the company, we will consider purchasing and will use technical to aid our entry and exit positions. Is Averaging Down an Effective Strategy: First, you need to have resources or what we often termed it as warchest. In an ideal world where we have unlimited warchest, that would be nice. In a real world, many of us have a limited resource. Our funds are likely to be limited and even so, we want to c","listText":"I wrote about the importance of having the right mental mindset in order to enact a perfect execution strategy in investing. In this article, we’ll explore a little deeper about devising a game plan on Averaging Down as an investment strategy. Do note that the focus is primarily on fundamentals first, technical second. As such, as and when we find that there is sufficient value in the company, we will consider purchasing and will use technical to aid our entry and exit positions. Is Averaging Down an Effective Strategy: First, you need to have resources or what we often termed it as warchest. In an ideal world where we have unlimited warchest, that would be nice. In a real world, many of us have a limited resource. Our funds are likely to be limited and even so, we want to c","text":"I wrote about the importance of having the right mental mindset in order to enact a perfect execution strategy in investing. In this article, we’ll explore a little deeper about devising a game plan on Averaging Down as an investment strategy. Do note that the focus is primarily on fundamentals first, technical second. As such, as and when we find that there is sufficient value in the company, we will consider purchasing and will use technical to aid our entry and exit positions. Is Averaging Down an Effective Strategy: First, you need to have resources or what we often termed it as warchest. In an ideal world where we have unlimited warchest, that would be nice. In a real world, many of us have a limited resource. Our funds are likely to be limited and even so, we want to c","images":[{"img":"https://static.tigerbbs.com/2af63960cb6fcb2f24c72e2da8283a70","width":"2154","height":"920"},{"img":"https://static.tigerbbs.com/4a896f540d5c719e34cf840915f76201","width":"2084","height":"1043"},{"img":"https://static.tigerbbs.com/fc91738e34de3415a5934b20a87ff725","width":"828","height":"128"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839561366","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892681539,"gmtCreate":1628655103121,"gmtModify":1631891532701,"author":{"id":"3578463065547953","authorId":"3578463065547953","name":"JosephLow","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578463065547953","authorIdStr":"3578463065547953"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/892681539","repostId":"1163924715","repostType":4,"repost":{"id":"1163924715","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628654753,"share":"https://www.laohu8.com/m/news/1163924715?lang=&edition=full","pubTime":"2021-08-11 12:05","market":"us","language":"en","title":"The Ark Funds' Actions to Lighten up China Concepts Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1163924715","media":"Tiger Newspress","summary":"Pre-market overview\nU.S. stocks fell in the pre-market trading, and the U.S. 10-Year Government Bond","content":"<p><b>Pre-market overview</b></p>\n<p>U.S. stocks fell in the pre-market trading, and the U.S. 10-Year Government Bond Yields dropped again in Asias hours, pulling down the prices of commodities with crude oil falling up to 5%. China Concepts Stocks rose slightly in the pre-market trading.</p>\n<p>In the secondary market, there are two types of US funds willing to make investments in China. Thereinto, one of them has liquidated or been gradually liquidating their holdings. According to the daily operations of the Ark Funds, it has been reducing its positions in China Concepts Stocks including Tencent, and has never increased its positions, although the afore-mentioned stocks have rebounded to some extent recently. A more pleasing signal appeared lately is that the Ark Funds has stopped lightening up Chinese stocks.</p>\n<p>On July 1st, a total of 10 Chinese stocks listed in the U.S. are covered by the Ark Funds, including 8 China Concept Stocks and 2 Hong Kong stocks traded in U.S. over-the-counter (OTC). Based on the closing price of the day, these 10 stocks totaled $1.8 billion, as shown in the following figure.</p>\n<p><img src=\"https://static.tigerbbs.com/5be54c5dfdf52cd1c4ea28364f2dc37a\" tg-width=\"622\" tg-height=\"320\" referrerpolicy=\"no-referrer\"></p>\n<p><b>About Its Positions</b></p>\n<p>As a fund that is not active enough to invest in Chinese stocks, it is hard to say that the size of $1.8-billion position is small. The largest mutual fund that invests in emerging markets is the Invesco Developing Markets Fund, which has an investment of $15 billion in China, covering China Concepts Stocks, Hong Kong Stocks and A shares. Therefore, Ark's investment in China is not trivial.</p>\n<p>The Ark Funds claims to be technology-based, but it seems that the Funds does not fully trust China's technology. By analyzing its holdings on Chinese stocks, the most positions held by the Ark Funds now are stocks of e-commerce which owns vast purchasing power, rather than those of technology companies. Cathie Wood, an American investor as well as the CEO & CIO of Ark Invest, once praised Baidu's driverless technology on TV, while their position in Baidu’s stock is not so large. Then, here comes the new energy vehicles of China. The investment target of the Ark Funds is not the Chinese EV trio including <a href=\"https://laohu8.com/S/LI\">Li Auto</a>, <a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> and <a href=\"https://laohu8.com/S/XPEV\">XPeng Inc.</a>, but NIU Technologies. The electric vehicles produced by <a href=\"https://laohu8.com/S/NIU\">Niu Technologies</a> are good sellers in New York, while another three makers have not yet expanded into the United States. Once again, it reflects Cathie Wood's skeptical attitude towards China's \"technology\".</p>\n<p><b>Let’s look into the lightening of the Ark Funds</b></p>\n<p>10 stocks are chosen to analyze their share changes. 5 stocks with the largest positions on July 1 (JD, TCEHY, BEKE, PDD, and BIDU) are shown in Figure 1, totaling $1.5 billion, accounting for about 80%. Another 5 stocks are BABA, NIU, HUYA, BYDDY, and BZ, totaling $300 million, accounting for about 20% (Figure 2). Key dates are marked below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41b4d86b2c5953dc32e4a31fb13ee410\" tg-width=\"554\" tg-height=\"269\" referrerpolicy=\"no-referrer\"><span>Figure 1</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09631c97e67c3aa9711d607bca310526\" tg-width=\"554\" tg-height=\"252\" referrerpolicy=\"no-referrer\"><span>Figure 2</span></p>\n<p>The Ark Funds cleared all its positions in HUYA on July 13 and 14 (marked in the Figure above). The news of the failed merger between Huya and DouYu was announced on July 12, but the Ark Funds did not substantially lighten up its position on the day, and continued the pace in the past few days. </p>\n<p>Another marked date is July 26 (Figure 1). The Chinese education stocks plummeted over 50% on Friday, July 23. On that day, few people realized that a chain reaction had occurred, and Chinese stocks listed in Hong Kong would slump in the following week. The Ark Funds failed to realize it, either. On July 26, the Ark Funds had to lighten up its positions. The top 5 largest positions were all reduced by Ark, with Ke Holdings standing in the breach. This reflects Cathie Wood's suspicion of high-growth companies in China.</p>\n<p>The third marked date is July 28, as shown in Figure 2. In this round of turmoil, the Ark Funds only lightened up its positions in the stocks of BOSS Zhipin (<a href=\"https://laohu8.com/S/BZ\">Kanzhun Limited</a>), which is also a company with a relatively small market value. Meanwhile, Cathie Wood is still very insistent on the investments in NIU Technologies.</p>\n<p>In the past week, the prices of China Concepts Stocks still hovered at a low level, but the Ark Funds no longer lightened up their positions. At present, there are only 7 stocks left. Based on the closing price last Friday, the position is $450 million, which is a 75% decrease compared to that of July 1.</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>The Ark Funds' Actions to Lighten up China Concepts Stocks</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\">\nThe Ark Funds' Actions to Lighten up China Concepts Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-11 12:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Pre-market overview</b></p>\n<p>U.S. stocks fell in the pre-market trading, and the U.S. 10-Year Government Bond Yields dropped again in Asias hours, pulling down the prices of commodities with crude oil falling up to 5%. China Concepts Stocks rose slightly in the pre-market trading.</p>\n<p>In the secondary market, there are two types of US funds willing to make investments in China. Thereinto, one of them has liquidated or been gradually liquidating their holdings. According to the daily operations of the Ark Funds, it has been reducing its positions in China Concepts Stocks including Tencent, and has never increased its positions, although the afore-mentioned stocks have rebounded to some extent recently. A more pleasing signal appeared lately is that the Ark Funds has stopped lightening up Chinese stocks.</p>\n<p>On July 1st, a total of 10 Chinese stocks listed in the U.S. are covered by the Ark Funds, including 8 China Concept Stocks and 2 Hong Kong stocks traded in U.S. over-the-counter (OTC). Based on the closing price of the day, these 10 stocks totaled $1.8 billion, as shown in the following figure.</p>\n<p><img src=\"https://static.tigerbbs.com/5be54c5dfdf52cd1c4ea28364f2dc37a\" tg-width=\"622\" tg-height=\"320\" referrerpolicy=\"no-referrer\"></p>\n<p><b>About Its Positions</b></p>\n<p>As a fund that is not active enough to invest in Chinese stocks, it is hard to say that the size of $1.8-billion position is small. The largest mutual fund that invests in emerging markets is the Invesco Developing Markets Fund, which has an investment of $15 billion in China, covering China Concepts Stocks, Hong Kong Stocks and A shares. Therefore, Ark's investment in China is not trivial.</p>\n<p>The Ark Funds claims to be technology-based, but it seems that the Funds does not fully trust China's technology. By analyzing its holdings on Chinese stocks, the most positions held by the Ark Funds now are stocks of e-commerce which owns vast purchasing power, rather than those of technology companies. Cathie Wood, an American investor as well as the CEO & CIO of Ark Invest, once praised Baidu's driverless technology on TV, while their position in Baidu’s stock is not so large. Then, here comes the new energy vehicles of China. The investment target of the Ark Funds is not the Chinese EV trio including <a href=\"https://laohu8.com/S/LI\">Li Auto</a>, <a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> and <a href=\"https://laohu8.com/S/XPEV\">XPeng Inc.</a>, but NIU Technologies. The electric vehicles produced by <a href=\"https://laohu8.com/S/NIU\">Niu Technologies</a> are good sellers in New York, while another three makers have not yet expanded into the United States. Once again, it reflects Cathie Wood's skeptical attitude towards China's \"technology\".</p>\n<p><b>Let’s look into the lightening of the Ark Funds</b></p>\n<p>10 stocks are chosen to analyze their share changes. 5 stocks with the largest positions on July 1 (JD, TCEHY, BEKE, PDD, and BIDU) are shown in Figure 1, totaling $1.5 billion, accounting for about 80%. Another 5 stocks are BABA, NIU, HUYA, BYDDY, and BZ, totaling $300 million, accounting for about 20% (Figure 2). Key dates are marked below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41b4d86b2c5953dc32e4a31fb13ee410\" tg-width=\"554\" tg-height=\"269\" referrerpolicy=\"no-referrer\"><span>Figure 1</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09631c97e67c3aa9711d607bca310526\" tg-width=\"554\" tg-height=\"252\" referrerpolicy=\"no-referrer\"><span>Figure 2</span></p>\n<p>The Ark Funds cleared all its positions in HUYA on July 13 and 14 (marked in the Figure above). The news of the failed merger between Huya and DouYu was announced on July 12, but the Ark Funds did not substantially lighten up its position on the day, and continued the pace in the past few days. </p>\n<p>Another marked date is July 26 (Figure 1). The Chinese education stocks plummeted over 50% on Friday, July 23. On that day, few people realized that a chain reaction had occurred, and Chinese stocks listed in Hong Kong would slump in the following week. The Ark Funds failed to realize it, either. On July 26, the Ark Funds had to lighten up its positions. The top 5 largest positions were all reduced by Ark, with Ke Holdings standing in the breach. This reflects Cathie Wood's suspicion of high-growth companies in China.</p>\n<p>The third marked date is July 28, as shown in Figure 2. In this round of turmoil, the Ark Funds only lightened up its positions in the stocks of BOSS Zhipin (<a href=\"https://laohu8.com/S/BZ\">Kanzhun Limited</a>), which is also a company with a relatively small market value. Meanwhile, Cathie Wood is still very insistent on the investments in NIU Technologies.</p>\n<p>In the past week, the prices of China Concepts Stocks still hovered at a low level, but the Ark Funds no longer lightened up their positions. At present, there are only 7 stocks left. Based on the closing price last Friday, the position is $450 million, which is a 75% decrease compared to that of July 1.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","NIO":"蔚来","NIU":"小牛电动","XPEV":"小鹏汽车","BZ":"BOSS直聘"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163924715","content_text":"Pre-market overview\nU.S. stocks fell in the pre-market trading, and the U.S. 10-Year Government Bond Yields dropped again in Asias hours, pulling down the prices of commodities with crude oil falling up to 5%. China Concepts Stocks rose slightly in the pre-market trading.\nIn the secondary market, there are two types of US funds willing to make investments in China. Thereinto, one of them has liquidated or been gradually liquidating their holdings. According to the daily operations of the Ark Funds, it has been reducing its positions in China Concepts Stocks including Tencent, and has never increased its positions, although the afore-mentioned stocks have rebounded to some extent recently. A more pleasing signal appeared lately is that the Ark Funds has stopped lightening up Chinese stocks.\nOn July 1st, a total of 10 Chinese stocks listed in the U.S. are covered by the Ark Funds, including 8 China Concept Stocks and 2 Hong Kong stocks traded in U.S. over-the-counter (OTC). Based on the closing price of the day, these 10 stocks totaled $1.8 billion, as shown in the following figure.\n\nAbout Its Positions\nAs a fund that is not active enough to invest in Chinese stocks, it is hard to say that the size of $1.8-billion position is small. The largest mutual fund that invests in emerging markets is the Invesco Developing Markets Fund, which has an investment of $15 billion in China, covering China Concepts Stocks, Hong Kong Stocks and A shares. Therefore, Ark's investment in China is not trivial.\nThe Ark Funds claims to be technology-based, but it seems that the Funds does not fully trust China's technology. By analyzing its holdings on Chinese stocks, the most positions held by the Ark Funds now are stocks of e-commerce which owns vast purchasing power, rather than those of technology companies. Cathie Wood, an American investor as well as the CEO & CIO of Ark Invest, once praised Baidu's driverless technology on TV, while their position in Baidu’s stock is not so large. Then, here comes the new energy vehicles of China. The investment target of the Ark Funds is not the Chinese EV trio including Li Auto, NIO Inc. and XPeng Inc., but NIU Technologies. The electric vehicles produced by Niu Technologies are good sellers in New York, while another three makers have not yet expanded into the United States. Once again, it reflects Cathie Wood's skeptical attitude towards China's \"technology\".\nLet’s look into the lightening of the Ark Funds\n10 stocks are chosen to analyze their share changes. 5 stocks with the largest positions on July 1 (JD, TCEHY, BEKE, PDD, and BIDU) are shown in Figure 1, totaling $1.5 billion, accounting for about 80%. Another 5 stocks are BABA, NIU, HUYA, BYDDY, and BZ, totaling $300 million, accounting for about 20% (Figure 2). Key dates are marked below.\nFigure 1\nFigure 2\nThe Ark Funds cleared all its positions in HUYA on July 13 and 14 (marked in the Figure above). The news of the failed merger between Huya and DouYu was announced on July 12, but the Ark Funds did not substantially lighten up its position on the day, and continued the pace in the past few days. \nAnother marked date is July 26 (Figure 1). The Chinese education stocks plummeted over 50% on Friday, July 23. On that day, few people realized that a chain reaction had occurred, and Chinese stocks listed in Hong Kong would slump in the following week. The Ark Funds failed to realize it, either. On July 26, the Ark Funds had to lighten up its positions. The top 5 largest positions were all reduced by Ark, with Ke Holdings standing in the breach. This reflects Cathie Wood's suspicion of high-growth companies in China.\nThe third marked date is July 28, as shown in Figure 2. In this round of turmoil, the Ark Funds only lightened up its positions in the stocks of BOSS Zhipin (Kanzhun Limited), which is also a company with a relatively small market value. Meanwhile, Cathie Wood is still very insistent on the investments in NIU Technologies.\nIn the past week, the prices of China Concepts Stocks still hovered at a low level, but the Ark Funds no longer lightened up their positions. At present, there are only 7 stocks left. Based on the closing price last Friday, the position is $450 million, which is a 75% decrease compared to that of July 1.","news_type":1},"isVote":1,"tweetType":1,"viewCount":499,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891057158,"gmtCreate":1628310196074,"gmtModify":1631891532707,"author":{"id":"3578463065547953","authorId":"3578463065547953","name":"JosephLow","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578463065547953","authorIdStr":"3578463065547953"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>[Cry] ","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>[Cry] ","text":"$AMC Entertainment(AMC)$[Cry]","images":[{"img":"https://static.tigerbbs.com/918a3d75f5b2b191fa0c6282b74542e4","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/891057158","isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":890438704,"gmtCreate":1628127521608,"gmtModify":1631891532715,"author":{"id":"3578463065547953","authorId":"3578463065547953","name":"JosephLow","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578463065547953","authorIdStr":"3578463065547953"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890438704","repostId":"2157748627","repostType":4,"isVote":1,"tweetType":1,"viewCount":295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807413157,"gmtCreate":1628049191079,"gmtModify":1631891532726,"author":{"id":"3578463065547953","authorId":"3578463065547953","name":"JosephLow","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578463065547953","authorIdStr":"3578463065547953"},"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/807413157","repostId":"2156312793","repostType":4,"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807949844,"gmtCreate":1627998393388,"gmtModify":1631891532744,"author":{"id":"3578463065547953","authorId":"3578463065547953","name":"JosephLow","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578463065547953","authorIdStr":"3578463065547953"},"themes":[],"htmlText":"Fight","listText":"Fight","text":"Fight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/807949844","repostId":"1168499499","repostType":4,"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807025440,"gmtCreate":1627990648280,"gmtModify":1631891532751,"author":{"id":"3578463065547953","authorId":"3578463065547953","name":"JosephLow","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578463065547953","authorIdStr":"3578463065547953"},"themes":[],"htmlText":"fight","listText":"fight","text":"fight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807025440","repostId":"1138232884","repostType":4,"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807025892,"gmtCreate":1627990625716,"gmtModify":1631891532765,"author":{"id":"3578463065547953","authorId":"3578463065547953","name":"JosephLow","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578463065547953","authorIdStr":"3578463065547953"},"themes":[],"htmlText":"go","listText":"go","text":"go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807025892","repostId":"2156512895","repostType":4,"isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804664266,"gmtCreate":1627954646955,"gmtModify":1631891532783,"author":{"id":"3578463065547953","authorId":"3578463065547953","name":"JosephLow","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578463065547953","authorIdStr":"3578463065547953"},"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/804664266","repostId":"2156114224","repostType":4,"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":891057158,"gmtCreate":1628310196074,"gmtModify":1631891532707,"author":{"id":"3578463065547953","authorId":"3578463065547953","name":"JosephLow","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578463065547953","idStr":"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wrote about the importance of having the right mental mindset in order to enact a perfect execution strategy in investing. In this article, we’ll explore a little deeper about devising a game plan on Averaging Down as an investment strategy. Do note that the focus is primarily on fundamentals first, technical second. As such, as and when we find that there is sufficient value in the company, we will consider purchasing and will use technical to aid our entry and exit positions. Is Averaging Down an Effective Strategy: First, you need to have resources or what we often termed it as warchest. In an ideal world where we have unlimited warchest, that would be nice. In a real world, many of us have a limited resource. Our funds are likely to be limited and even so, we want to c","listText":"I wrote about the importance of having the right mental mindset in order to enact a perfect execution strategy in investing. In this article, we’ll explore a little deeper about devising a game plan on Averaging Down as an investment strategy. Do note that the focus is primarily on fundamentals first, technical second. As such, as and when we find that there is sufficient value in the company, we will consider purchasing and will use technical to aid our entry and exit positions. Is Averaging Down an Effective Strategy: First, you need to have resources or what we often termed it as warchest. In an ideal world where we have unlimited warchest, that would be nice. In a real world, many of us have a limited resource. Our funds are likely to be limited and even so, we want to c","text":"I wrote about the importance of having the right mental mindset in order to enact a perfect execution strategy in investing. In this article, we’ll explore a little deeper about devising a game plan on Averaging Down as an investment strategy. Do note that the focus is primarily on fundamentals first, technical second. As such, as and when we find that there is sufficient value in the company, we will consider purchasing and will use technical to aid our entry and exit positions. Is Averaging Down an Effective Strategy: First, you need to have resources or what we often termed it as warchest. In an ideal world where we have unlimited warchest, that would be nice. In a real world, many of us have a limited resource. Our funds are likely to be limited and even so, we want to c","images":[{"img":"https://static.tigerbbs.com/2af63960cb6fcb2f24c72e2da8283a70","width":"2154","height":"920"},{"img":"https://static.tigerbbs.com/4a896f540d5c719e34cf840915f76201","width":"2084","height":"1043"},{"img":"https://static.tigerbbs.com/fc91738e34de3415a5934b20a87ff725","width":"828","height":"128"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839561366","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890438704,"gmtCreate":1628127521608,"gmtModify":1631891532715,"author":{"id":"3578463065547953","authorId":"3578463065547953","name":"JosephLow","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578463065547953","idStr":"3578463065547953"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890438704","repostId":"2157748627","repostType":4,"isVote":1,"tweetType":1,"viewCount":295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807025440,"gmtCreate":1627990648280,"gmtModify":1631891532751,"author":{"id":"3578463065547953","authorId":"3578463065547953","name":"JosephLow","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578463065547953","idStr":"3578463065547953"},"themes":[],"htmlText":"fight","listText":"fight","text":"fight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807025440","repostId":"1138232884","repostType":4,"repost":{"id":"1138232884","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1627985858,"share":"https://www.laohu8.com/m/news/1138232884?lang=&edition=full","pubTime":"2021-08-03 18:17","market":"us","language":"en","title":"U.S. hiring may have slowed in July amid COVID surge -data","url":"https://stock-news.laohu8.com/highlight/detail?id=1138232884","media":"Reuters","summary":"WASHINGTON (Reuters) - High-frequency data indicate U.S. hiring slowed in July - not held steady as ","content":"<p>WASHINGTON (Reuters) - High-frequency data indicate U.S. hiring slowed in July - not held steady as widely expected - with particular softness among states that ended federal unemployment benefits and areas where the COVID-19 Delta variant is raging.</p>\n<p>Payroll firm UKG said growth in employees across a wide set of industries grew 1.1% from mid-June to mid-July, coinciding with the period when the federal government employment survey is conducted. That was about half the 2% rate of growth seen between May and June, ahead of a blockbuster June national jobs report showing 850,000 additional positions added to payrolls.</p>\n<p>Data on small business hiring from time management company Homebase also fell from mid-June to mid-July.</p>\n<p>Notably, a UKG analysis of data spanning the period when 26 states began halting federal unemployment benefits showed that growth in work shifts in those states was half of what it was elsewhere - 2.2% from May through July versus 4.1%.</p>\n<p>That adds to an accumulating body of evidence that the gamble a largely Republican group of governors made in halting the $300 weekly stipends didn’t parlay into more jobs.</p>\n<p>“People are returning to work on their own. We just haven’t seen the surge of people returning that businesses were hoping for,” said UKG vice president Dave Gilbertson. He anticipates a smaller number of jobs added in July than in June.</p>\n<p>National jobs and unemployment data will be updated Friday in a Labor Department report closely watched for evidence about the path of a U.S. economy that has already returned to pre-pandemic levels in terms of output but remains roughly 7 million jobs shy of where it was in early 2020.</p>\n<p>In contrast with Gilbertston’s view, the median estimate of economists polled by Reuters is that hiring continued apace in July, with companies forecast to have added 880,000 payroll jobs.</p>\n<p>DELTA HEADWINDS</p>\n<p>Gilbertson said he still anticipated strong hiring in the fall as schools presumably reopen and daily life continues to notch back toward normal.</p>\n<p>That may well depend, however, on how the economy responds to the resurgence of coronavirus infections led by the highly contagious Delta variant. Evidence may be emerging that the renewed outbreak is taking a toll, particularly in some of those Republican-led states where hiring has proved stodgy despite the early cutoff of the unemployment benefits.</p>\n<p>A state-level recovery index from Oxford Economics, for example, points to a drop in economic activity and employment among high-infection states like Florida, Missouri and Arkansas.</p>\n<p>“Recoveries were either flat or weaker in the high breakout states,” said Oxford lead U.S. economist Oren Klachkin, leading the firm’s national recovery index to decline for the first time since April. Worsening health data nationally may “show the recovery slipping.”</p>\n<p>So far that has not been evident in other data series.</p>\n<p>The Transportation Security Administration showed 4.2 million travelers checked onto flights last weekend, about 85% of the comparable weekend in 2019 and in line with recent weeks. OpenTable showed diners continued turning up at restaurants at levels comparable to 2019.</p>\n<p>During the pandemic economists have paid particular attention to “mobility,” the movement of people outside their homes, as a general sign of recovery. As of now, Klachkin said, it “hasn’t slowed.”</p>\n<p>MINIMAL IMPACT FROM CUTTING BENEFITS</p>\n<p>But neither does the U.S. economy seem to be kicking into a higher gear when it comes to hiring.</p>\n<p>With roughly one job available for every person estimated to be unemployed, economists have puzzled over why positions aren’t filling faster, and offered a list of reasons from the ongoing fear of infection to the lack of available child care.</p>\n<p>Recent analysis has consistently minimized one of those explanations: the impact of the extra unemployment benefits.</p>\n<p>Researchers at the University of Chicago and the JPMorgan Chase Institute, using JPMorgan data on account holders who lost jobs and received enhanced unemployment benefits, found that through April the payments diminished the reemployment rate by no more than 1 percentage point. The payments, offered with few conditions to a broadened group of individuals, were $600 per week early in the pandemic and reduced to $300 late in 2020. They were a key reason personal income rose during the pandemic despite massive unemployment.</p>\n<p>Arindrajit Dube, a University of Massachusetts Amherst economics professor, used data from the Census Household Pulse Survey to conclude that the suspension of the benefits in a group of states did nothing to boost hiring but instead “increased self-reported hardship in paying for regular expenses.”</p>\n<p>UKG’s Gilbertson said he attributed the slower rate of shift growth in the one group of states to the fact that they generally were among those that imposed fewer restrictions early in the pandemic and “didn’t have as far to cover.” It was also possible that the surge in cases is leading to “some early signs of a slowdown.”</p>\n<p>Either way, he said the data seemed clear on one point: “The extra benefits were likely not the thing holding (individuals) back from accepting a new job.”</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>U.S. hiring may have slowed in July amid COVID surge -data</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\">\nU.S. hiring may have slowed in July amid COVID surge -data\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-03 18:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON (Reuters) - High-frequency data indicate U.S. hiring slowed in July - not held steady as widely expected - with particular softness among states that ended federal unemployment benefits and areas where the COVID-19 Delta variant is raging.</p>\n<p>Payroll firm UKG said growth in employees across a wide set of industries grew 1.1% from mid-June to mid-July, coinciding with the period when the federal government employment survey is conducted. That was about half the 2% rate of growth seen between May and June, ahead of a blockbuster June national jobs report showing 850,000 additional positions added to payrolls.</p>\n<p>Data on small business hiring from time management company Homebase also fell from mid-June to mid-July.</p>\n<p>Notably, a UKG analysis of data spanning the period when 26 states began halting federal unemployment benefits showed that growth in work shifts in those states was half of what it was elsewhere - 2.2% from May through July versus 4.1%.</p>\n<p>That adds to an accumulating body of evidence that the gamble a largely Republican group of governors made in halting the $300 weekly stipends didn’t parlay into more jobs.</p>\n<p>“People are returning to work on their own. We just haven’t seen the surge of people returning that businesses were hoping for,” said UKG vice president Dave Gilbertson. He anticipates a smaller number of jobs added in July than in June.</p>\n<p>National jobs and unemployment data will be updated Friday in a Labor Department report closely watched for evidence about the path of a U.S. economy that has already returned to pre-pandemic levels in terms of output but remains roughly 7 million jobs shy of where it was in early 2020.</p>\n<p>In contrast with Gilbertston’s view, the median estimate of economists polled by Reuters is that hiring continued apace in July, with companies forecast to have added 880,000 payroll jobs.</p>\n<p>DELTA HEADWINDS</p>\n<p>Gilbertson said he still anticipated strong hiring in the fall as schools presumably reopen and daily life continues to notch back toward normal.</p>\n<p>That may well depend, however, on how the economy responds to the resurgence of coronavirus infections led by the highly contagious Delta variant. Evidence may be emerging that the renewed outbreak is taking a toll, particularly in some of those Republican-led states where hiring has proved stodgy despite the early cutoff of the unemployment benefits.</p>\n<p>A state-level recovery index from Oxford Economics, for example, points to a drop in economic activity and employment among high-infection states like Florida, Missouri and Arkansas.</p>\n<p>“Recoveries were either flat or weaker in the high breakout states,” said Oxford lead U.S. economist Oren Klachkin, leading the firm’s national recovery index to decline for the first time since April. Worsening health data nationally may “show the recovery slipping.”</p>\n<p>So far that has not been evident in other data series.</p>\n<p>The Transportation Security Administration showed 4.2 million travelers checked onto flights last weekend, about 85% of the comparable weekend in 2019 and in line with recent weeks. OpenTable showed diners continued turning up at restaurants at levels comparable to 2019.</p>\n<p>During the pandemic economists have paid particular attention to “mobility,” the movement of people outside their homes, as a general sign of recovery. As of now, Klachkin said, it “hasn’t slowed.”</p>\n<p>MINIMAL IMPACT FROM CUTTING BENEFITS</p>\n<p>But neither does the U.S. economy seem to be kicking into a higher gear when it comes to hiring.</p>\n<p>With roughly one job available for every person estimated to be unemployed, economists have puzzled over why positions aren’t filling faster, and offered a list of reasons from the ongoing fear of infection to the lack of available child care.</p>\n<p>Recent analysis has consistently minimized one of those explanations: the impact of the extra unemployment benefits.</p>\n<p>Researchers at the University of Chicago and the JPMorgan Chase Institute, using JPMorgan data on account holders who lost jobs and received enhanced unemployment benefits, found that through April the payments diminished the reemployment rate by no more than 1 percentage point. The payments, offered with few conditions to a broadened group of individuals, were $600 per week early in the pandemic and reduced to $300 late in 2020. They were a key reason personal income rose during the pandemic despite massive unemployment.</p>\n<p>Arindrajit Dube, a University of Massachusetts Amherst economics professor, used data from the Census Household Pulse Survey to conclude that the suspension of the benefits in a group of states did nothing to boost hiring but instead “increased self-reported hardship in paying for regular expenses.”</p>\n<p>UKG’s Gilbertson said he attributed the slower rate of shift growth in the one group of states to the fact that they generally were among those that imposed fewer restrictions early in the pandemic and “didn’t have as far to cover.” It was also possible that the surge in cases is leading to “some early signs of a slowdown.”</p>\n<p>Either way, he said the data seemed clear on one point: “The extra benefits were likely not the thing holding (individuals) back from accepting a new job.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138232884","content_text":"WASHINGTON (Reuters) - High-frequency data indicate U.S. hiring slowed in July - not held steady as widely expected - with particular softness among states that ended federal unemployment benefits and areas where the COVID-19 Delta variant is raging.\nPayroll firm UKG said growth in employees across a wide set of industries grew 1.1% from mid-June to mid-July, coinciding with the period when the federal government employment survey is conducted. That was about half the 2% rate of growth seen between May and June, ahead of a blockbuster June national jobs report showing 850,000 additional positions added to payrolls.\nData on small business hiring from time management company Homebase also fell from mid-June to mid-July.\nNotably, a UKG analysis of data spanning the period when 26 states began halting federal unemployment benefits showed that growth in work shifts in those states was half of what it was elsewhere - 2.2% from May through July versus 4.1%.\nThat adds to an accumulating body of evidence that the gamble a largely Republican group of governors made in halting the $300 weekly stipends didn’t parlay into more jobs.\n“People are returning to work on their own. We just haven’t seen the surge of people returning that businesses were hoping for,” said UKG vice president Dave Gilbertson. He anticipates a smaller number of jobs added in July than in June.\nNational jobs and unemployment data will be updated Friday in a Labor Department report closely watched for evidence about the path of a U.S. economy that has already returned to pre-pandemic levels in terms of output but remains roughly 7 million jobs shy of where it was in early 2020.\nIn contrast with Gilbertston’s view, the median estimate of economists polled by Reuters is that hiring continued apace in July, with companies forecast to have added 880,000 payroll jobs.\nDELTA HEADWINDS\nGilbertson said he still anticipated strong hiring in the fall as schools presumably reopen and daily life continues to notch back toward normal.\nThat may well depend, however, on how the economy responds to the resurgence of coronavirus infections led by the highly contagious Delta variant. Evidence may be emerging that the renewed outbreak is taking a toll, particularly in some of those Republican-led states where hiring has proved stodgy despite the early cutoff of the unemployment benefits.\nA state-level recovery index from Oxford Economics, for example, points to a drop in economic activity and employment among high-infection states like Florida, Missouri and Arkansas.\n“Recoveries were either flat or weaker in the high breakout states,” said Oxford lead U.S. economist Oren Klachkin, leading the firm’s national recovery index to decline for the first time since April. Worsening health data nationally may “show the recovery slipping.”\nSo far that has not been evident in other data series.\nThe Transportation Security Administration showed 4.2 million travelers checked onto flights last weekend, about 85% of the comparable weekend in 2019 and in line with recent weeks. OpenTable showed diners continued turning up at restaurants at levels comparable to 2019.\nDuring the pandemic economists have paid particular attention to “mobility,” the movement of people outside their homes, as a general sign of recovery. As of now, Klachkin said, it “hasn’t slowed.”\nMINIMAL IMPACT FROM CUTTING BENEFITS\nBut neither does the U.S. economy seem to be kicking into a higher gear when it comes to hiring.\nWith roughly one job available for every person estimated to be unemployed, economists have puzzled over why positions aren’t filling faster, and offered a list of reasons from the ongoing fear of infection to the lack of available child care.\nRecent analysis has consistently minimized one of those explanations: the impact of the extra unemployment benefits.\nResearchers at the University of Chicago and the JPMorgan Chase Institute, using JPMorgan data on account holders who lost jobs and received enhanced unemployment benefits, found that through April the payments diminished the reemployment rate by no more than 1 percentage point. The payments, offered with few conditions to a broadened group of individuals, were $600 per week early in the pandemic and reduced to $300 late in 2020. They were a key reason personal income rose during the pandemic despite massive unemployment.\nArindrajit Dube, a University of Massachusetts Amherst economics professor, used data from the Census Household Pulse Survey to conclude that the suspension of the benefits in a group of states did nothing to boost hiring but instead “increased self-reported hardship in paying for regular expenses.”\nUKG’s Gilbertson said he attributed the slower rate of shift growth in the one group of states to the fact that they generally were among those that imposed fewer restrictions early in the pandemic and “didn’t have as far to cover.” It was also possible that the surge in cases is leading to “some early signs of a slowdown.”\nEither way, he said the data seemed clear on one point: “The extra benefits were likely not the thing holding (individuals) back from accepting a new job.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
