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2021-10-22

Dips are always a good chance to average out

Tilray Stock: 3 Reasons to Buy the Dip

2021-10-08

May it shoot faster

Wall Street ends day with solid gains; investors hail U.S. debt-ceiling truce

2021-10-02

Wow!

Disney is eliminating a beloved free perk at its U.S. theme parks

2021-10-01

Whoa nice

Biden signs temporary funding bill to prevent government shutdown

2021-09-30

Can’t wait

2021 Global Market Outlook - Q4 Update: Growing Pains

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are always a good chance to average out&nbsp;","listText":"Dips are always a good chance to average out&nbsp;","text":"Dips are always a good chance to average out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851927186","repostId":"1193622859","repostType":4,"repost":{"id":"1193622859","pubTimestamp":1634863923,"share":"https://www.laohu8.com/m/news/1193622859?lang=&edition=full","pubTime":"2021-10-22 08:52","market":"us","language":"en","title":"Tilray Stock: 3 Reasons to Buy the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=1193622859","media":"TheStreet","summary":"Tilray stock has traded substantially higher as shares of other cannabis companies also spiked. Wall","content":"<p>Tilray stock has traded substantially higher as shares of other cannabis companies also spiked. Wall Street Memes assesses whether TLRY may present a good opportunity at current levels.</p>\n<p>Canadian cannabis company Tilray one of the most popular stocks of its kind on Reddit, has finally showed some signs of life and caught investors’ attention. Shares traded 14% higher on October 19, despite it still being down a whopping 42% for the year. The most probable reason for bullishness is the&nbsp;hiring&nbsp;of former Bacardi executive Blair MacNeil as the company's president.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0d2d448c57e40ef7549c13c7b3e0306\" tg-width=\"1240\" tg-height=\"697\" width=\"100%\" height=\"auto\"><span>Figure 1: TLRY's IPO.</span></p>\n<p>TLRY has been free-falling since the early February peaks due, in part, to lack of regulatory catalysts in the cannabis space. However, Wall Street Memes sees a few good reasons to buy the stock at depressed levels.</p>\n<p><b>#1. Reaching for global leadership</b></p>\n<p>Tilray has made key acquisitions since December of last year. The biggest corporate deal was the merger with Aphria.</p>\n<p>Since the two combined, Tilray turned into a market leader in Canada and accelerated its long-term plan of becoming the world’s leading cannabis-focused consumer company. The Tilray-Aphria merger was justified by (1) market positioning in North America, (2) a foothold in Europe, and (3) lower production costs and synergies.</p>\n<p>A few months ago, Tilray purchased cannabis company MedMen Enterprises, which has 24 retail locations in six U.S. states. The investment was also aligned with the company’s goal of being a key global player in the cannabis space. CEO Irwin D. Simon has said:</p>\n<blockquote>\n <i>“The investment we are announcing in MedMen securities, one of the most recognized brands in the $80 billion U.S. cannabis market, is a critical step towards delivering on our objective as we work to enable Tilray to lead the U.S. market when legalization allows.”</i>\n</blockquote>\n<p><b>#2. $91 billion market opportunity</b></p>\n<p>Third-partydatasuggests that the legal cannabis market will reach a whopping $91 billion by 2028, implying an impressive CAGR of 26%. As medical cannabis has recently become legal in many parts of the world, further legalization can be the key catalyst boosting product demand. The expected growth in the sector is also attributed to awareness about the health benefits of cannabis.</p>\n<p>Additional&nbsp;data&nbsp;suggests that the global cannabis pharmaceutical market was set to grow from $67 million in 2019 by a CAGR of 76% through 2027. Should Tilray position itself as a key player in this rapidly growing industry, investors stand to reap the benefits over the next several years.</p>\n<p><b>#3. Good vibes from Wall Street</b></p>\n<p>Current share price of $11.50, at last check, is still far from sell-sideconsensusof $14.73. Despite an average neutral rating among analysts, Wall Street still sees 27% upside potential over the next twelve months.</p>\n<p>Jefferies’ analyst Owen Bennett is much more optimistic, and sees gain potential of 90% at his price target of $22. HeexpectsTilray to strike sizable deals in the US sometime soon. The analyst also thinks that Tilray should buy cannabis assets to achieve the company’s ambitious sales target.</p>\n<p>A bit less bullish is Bank of America’s analyst Heather Balsky. Still, shebelievesin 48% upside at a price target of $15. According to the analyst, the acquisition of MedMen positions the company well in the US and provides distribution opportunities in Canada and Europe.</p>\n<p>Even the skeptical ones, including Piper Sandler analyst Michael Lavery, has a price target of $14. At those levels, TLRY would be&nbsp;worth&nbsp;38% more than it is now. The analyst’s caution is based on increased competition from low-price providers.</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>Tilray Stock: 3 Reasons to Buy the Dip</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\">\nTilray Stock: 3 Reasons to Buy the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-22 08:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/memestocks/other-memes/3-reasons-to-buy-tilray-stock-now><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tilray stock has traded substantially higher as shares of other cannabis companies also spiked. Wall Street Memes assesses whether TLRY may present a good opportunity at current levels.\nCanadian ...</p>\n\n<a href=\"https://www.thestreet.com/memestocks/other-memes/3-reasons-to-buy-tilray-stock-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TLRY":"Tilray Inc."},"source_url":"https://www.thestreet.com/memestocks/other-memes/3-reasons-to-buy-tilray-stock-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193622859","content_text":"Tilray stock has traded substantially higher as shares of other cannabis companies also spiked. Wall Street Memes assesses whether TLRY may present a good opportunity at current levels.\nCanadian cannabis company Tilray one of the most popular stocks of its kind on Reddit, has finally showed some signs of life and caught investors’ attention. Shares traded 14% higher on October 19, despite it still being down a whopping 42% for the year. The most probable reason for bullishness is the hiring of former Bacardi executive Blair MacNeil as the company's president.\nFigure 1: TLRY's IPO.\nTLRY has been free-falling since the early February peaks due, in part, to lack of regulatory catalysts in the cannabis space. However, Wall Street Memes sees a few good reasons to buy the stock at depressed levels.\n#1. Reaching for global leadership\nTilray has made key acquisitions since December of last year. The biggest corporate deal was the merger with Aphria.\nSince the two combined, Tilray turned into a market leader in Canada and accelerated its long-term plan of becoming the world’s leading cannabis-focused consumer company. The Tilray-Aphria merger was justified by (1) market positioning in North America, (2) a foothold in Europe, and (3) lower production costs and synergies.\nA few months ago, Tilray purchased cannabis company MedMen Enterprises, which has 24 retail locations in six U.S. states. The investment was also aligned with the company’s goal of being a key global player in the cannabis space. CEO Irwin D. Simon has said:\n\n“The investment we are announcing in MedMen securities, one of the most recognized brands in the $80 billion U.S. cannabis market, is a critical step towards delivering on our objective as we work to enable Tilray to lead the U.S. market when legalization allows.”\n\n#2. $91 billion market opportunity\nThird-partydatasuggests that the legal cannabis market will reach a whopping $91 billion by 2028, implying an impressive CAGR of 26%. As medical cannabis has recently become legal in many parts of the world, further legalization can be the key catalyst boosting product demand. The expected growth in the sector is also attributed to awareness about the health benefits of cannabis.\nAdditional data suggests that the global cannabis pharmaceutical market was set to grow from $67 million in 2019 by a CAGR of 76% through 2027. Should Tilray position itself as a key player in this rapidly growing industry, investors stand to reap the benefits over the next several years.\n#3. Good vibes from Wall Street\nCurrent share price of $11.50, at last check, is still far from sell-sideconsensusof $14.73. Despite an average neutral rating among analysts, Wall Street still sees 27% upside potential over the next twelve months.\nJefferies’ analyst Owen Bennett is much more optimistic, and sees gain potential of 90% at his price target of $22. HeexpectsTilray to strike sizable deals in the US sometime soon. The analyst also thinks that Tilray should buy cannabis assets to achieve the company’s ambitious sales target.\nA bit less bullish is Bank of America’s analyst Heather Balsky. Still, shebelievesin 48% upside at a price target of $15. According to the analyst, the acquisition of MedMen positions the company well in the US and provides distribution opportunities in Canada and Europe.\nEven the skeptical ones, including Piper Sandler analyst Michael Lavery, has a price target of $14. At those levels, TLRY would be worth 38% more than it is now. The analyst’s caution is based on increased competition from low-price providers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":823402043,"gmtCreate":1633652371765,"gmtModify":1633657965247,"author":{"id":"3579310238184228","authorId":"3579310238184228","name":"rossannathom","avatar":"https://static.tigerbbs.com/fee5c4cb302a57e628de9da574d73fff","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"May it shoot faster","listText":"May it shoot faster","text":"May it shoot faster","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/823402043","repostId":"1163018074","repostType":4,"repost":{"id":"1163018074","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":1633646971,"share":"https://www.laohu8.com/m/news/1163018074?lang=&edition=full","pubTime":"2021-10-08 06:49","market":"us","language":"en","title":"Wall Street ends day with solid gains; investors hail U.S. debt-ceiling truce","url":"https://stock-news.laohu8.com/highlight/detail?id=1163018074","media":"Reuters","summary":"U.S. Senate rushes to advance $480 bln debt-limit increase\nU.S. weekly jobless claims fall sharply\nC","content":"<ul>\n <li>U.S. Senate rushes to advance $480 bln debt-limit increase</li>\n <li>U.S. weekly jobless claims fall sharply</li>\n <li>Consumer discretionary and materials lead sectors</li>\n <li>Levi Strauss shares soar after profit beat</li>\n <li>Indexes jump: Dow 0.98%, S&amp;P 0.83%, Nasdaq 1.05%</li>\n</ul>\n<p>Oct 7 (Reuters) - Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month.</p>\n<p>Mega-cap stocks jumped with Apple Inc&nbsp;up 0.9% and Amazon.com Inc&nbsp;rising 1.2%, the biggest boosts to the S&amp;P 500 and Nasdaq. Tesla&nbsp;and Google-parent Alphabet&nbsp;both rose more than 1%.</p>\n<p>The U.S. Senate took a step toward passing a $480 billion increase in Treasury Department borrowing authority, which would put off another partisan showdown until December.</p>\n<p>Uncertainty over the debt-ceiling negotiations was one concern investors cited in September as the S&amp;P 500 logged its biggest monthly percentage drop since the onset of the coronavirus pandemic in March 2020.</p>\n<p>\"Today's (market) is driven by a slight move in Washington towards rationality about being able to pay their bills, write some checks,\" said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh.</p>\n<p>Meanwhile, data showed the number of Americans filing new claims for jobless benefits dropped last week by the most in three months, suggesting the labor market recovery was regaining momentum as the latest wave of COVID-19 infections began to subside.</p>\n<p>The closely watched monthly U.S. jobs report is due on Friday.</p>\n<p>“Today’s numbers reinforce the expectation that employment will take a significant step up in the coming months, and I think that’s positive for the economy,” said Brad Neuman, director of market strategy at Alger.</p>\n<p>\"The market climbed its wall of worry today as fears of a debt-ceiling impasse receded and hopes for an acceleration in employment gains were reinforced.”</p>\n<p>The Dow Jones Industrial Average&nbsp;rose 0.98% to end at 34,754.94 points, while the S&amp;P 500&nbsp;gained 0.83% to 4,399.76.</p>\n<p>The Nasdaq Composite&nbsp;climbed 1.05% to 14,654.02.</p>\n<p>The S&amp;P 500 materials index&nbsp;jumped 1.35% and the consumer discretionary index&nbsp;rallied 1.50%, both leading among 11 sectors.</p>\n<p>U.S.-traded Chinese stocks Alibaba Group Holding&nbsp;and Tencent Holdings&nbsp;each surged about 8% as concerns around U.S.-Sino trade relations and Evergrande's&nbsp;debt crisis appeared to ease.</p>\n<p>Investors will watch third-quarter earnings reports that start to arrive in earnest next week. Analysts on average estimate S&amp;P 500 companies' earnings per share rose 29% in the third quarter, according to Refinitiv.</p>\n<p>Levi Strauss &amp; Co&nbsp;shares jumped 8.5% after the jeans maker beat third-quarter revenue and profit estimates.</p>\n<p>Volume on U.S. exchanges was 10.1 billion shares, compared with the 11 billion average over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.50-to-1 ratio; on Nasdaq, a 2.49-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 31 new 52-week highs and four new lows; the Nasdaq Composite recorded 93 new highs and 80 new lows.</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>Wall Street ends day with solid gains; investors hail U.S. debt-ceiling truce</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\">\nWall Street ends day with solid gains; investors hail U.S. debt-ceiling truce\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\">2021-10-08 06:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>U.S. Senate rushes to advance $480 bln debt-limit increase</li>\n <li>U.S. weekly jobless claims fall sharply</li>\n <li>Consumer discretionary and materials lead sectors</li>\n <li>Levi Strauss shares soar after profit beat</li>\n <li>Indexes jump: Dow 0.98%, S&amp;P 0.83%, Nasdaq 1.05%</li>\n</ul>\n<p>Oct 7 (Reuters) - Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month.</p>\n<p>Mega-cap stocks jumped with Apple Inc&nbsp;up 0.9% and Amazon.com Inc&nbsp;rising 1.2%, the biggest boosts to the S&amp;P 500 and Nasdaq. Tesla&nbsp;and Google-parent Alphabet&nbsp;both rose more than 1%.</p>\n<p>The U.S. Senate took a step toward passing a $480 billion increase in Treasury Department borrowing authority, which would put off another partisan showdown until December.</p>\n<p>Uncertainty over the debt-ceiling negotiations was one concern investors cited in September as the S&amp;P 500 logged its biggest monthly percentage drop since the onset of the coronavirus pandemic in March 2020.</p>\n<p>\"Today's (market) is driven by a slight move in Washington towards rationality about being able to pay their bills, write some checks,\" said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh.</p>\n<p>Meanwhile, data showed the number of Americans filing new claims for jobless benefits dropped last week by the most in three months, suggesting the labor market recovery was regaining momentum as the latest wave of COVID-19 infections began to subside.</p>\n<p>The closely watched monthly U.S. jobs report is due on Friday.</p>\n<p>“Today’s numbers reinforce the expectation that employment will take a significant step up in the coming months, and I think that’s positive for the economy,” said Brad Neuman, director of market strategy at Alger.</p>\n<p>\"The market climbed its wall of worry today as fears of a debt-ceiling impasse receded and hopes for an acceleration in employment gains were reinforced.”</p>\n<p>The Dow Jones Industrial Average&nbsp;rose 0.98% to end at 34,754.94 points, while the S&amp;P 500&nbsp;gained 0.83% to 4,399.76.</p>\n<p>The Nasdaq Composite&nbsp;climbed 1.05% to 14,654.02.</p>\n<p>The S&amp;P 500 materials index&nbsp;jumped 1.35% and the consumer discretionary index&nbsp;rallied 1.50%, both leading among 11 sectors.</p>\n<p>U.S.-traded Chinese stocks Alibaba Group Holding&nbsp;and Tencent Holdings&nbsp;each surged about 8% as concerns around U.S.-Sino trade relations and Evergrande's&nbsp;debt crisis appeared to ease.</p>\n<p>Investors will watch third-quarter earnings reports that start to arrive in earnest next week. Analysts on average estimate S&amp;P 500 companies' earnings per share rose 29% in the third quarter, according to Refinitiv.</p>\n<p>Levi Strauss &amp; Co&nbsp;shares jumped 8.5% after the jeans maker beat third-quarter revenue and profit estimates.</p>\n<p>Volume on U.S. exchanges was 10.1 billion shares, compared with the 11 billion average over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.50-to-1 ratio; on Nasdaq, a 2.49-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 31 new 52-week highs and four new lows; the Nasdaq Composite recorded 93 new highs and 80 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","LEVI":"李维斯","AAPL":"苹果","TSLA":"特斯拉","TCEHY":"腾讯控股ADR","AMZN":"亚马逊","BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163018074","content_text":"U.S. Senate rushes to advance $480 bln debt-limit increase\nU.S. weekly jobless claims fall sharply\nConsumer discretionary and materials lead sectors\nLevi Strauss shares soar after profit beat\nIndexes jump: Dow 0.98%, S&P 0.83%, Nasdaq 1.05%\n\nOct 7 (Reuters) - Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month.\nMega-cap stocks jumped with Apple Inc up 0.9% and Amazon.com Inc rising 1.2%, the biggest boosts to the S&P 500 and Nasdaq. Tesla and Google-parent Alphabet both rose more than 1%.\nThe U.S. Senate took a step toward passing a $480 billion increase in Treasury Department borrowing authority, which would put off another partisan showdown until December.\nUncertainty over the debt-ceiling negotiations was one concern investors cited in September as the S&P 500 logged its biggest monthly percentage drop since the onset of the coronavirus pandemic in March 2020.\n\"Today's (market) is driven by a slight move in Washington towards rationality about being able to pay their bills, write some checks,\" said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh.\nMeanwhile, data showed the number of Americans filing new claims for jobless benefits dropped last week by the most in three months, suggesting the labor market recovery was regaining momentum as the latest wave of COVID-19 infections began to subside.\nThe closely watched monthly U.S. jobs report is due on Friday.\n“Today’s numbers reinforce the expectation that employment will take a significant step up in the coming months, and I think that’s positive for the economy,” said Brad Neuman, director of market strategy at Alger.\n\"The market climbed its wall of worry today as fears of a debt-ceiling impasse receded and hopes for an acceleration in employment gains were reinforced.”\nThe Dow Jones Industrial Average rose 0.98% to end at 34,754.94 points, while the S&P 500 gained 0.83% to 4,399.76.\nThe Nasdaq Composite climbed 1.05% to 14,654.02.\nThe S&P 500 materials index jumped 1.35% and the consumer discretionary index rallied 1.50%, both leading among 11 sectors.\nU.S.-traded Chinese stocks Alibaba Group Holding and Tencent Holdings each surged about 8% as concerns around U.S.-Sino trade relations and Evergrande's debt crisis appeared to ease.\nInvestors will watch third-quarter earnings reports that start to arrive in earnest next week. Analysts on average estimate S&P 500 companies' earnings per share rose 29% in the third quarter, according to Refinitiv.\nLevi Strauss & Co shares jumped 8.5% after the jeans maker beat third-quarter revenue and profit estimates.\nVolume on U.S. exchanges was 10.1 billion shares, compared with the 11 billion average over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.50-to-1 ratio; on Nasdaq, a 2.49-to-1 ratio favored advancers.\nThe S&P 500 posted 31 new 52-week highs and four new lows; the Nasdaq Composite recorded 93 new highs and 80 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867984403,"gmtCreate":1633187417239,"gmtModify":1633187417409,"author":{"id":"3579310238184228","authorId":"3579310238184228","name":"rossannathom","avatar":"https://static.tigerbbs.com/fee5c4cb302a57e628de9da574d73fff","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wow!&nbsp;","listText":"Wow!&nbsp;","text":"Wow!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867984403","repostId":"2172196180","repostType":4,"repost":{"id":"2172196180","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1633144680,"share":"https://www.laohu8.com/m/news/2172196180?lang=&edition=full","pubTime":"2021-10-02 11:18","market":"us","language":"en","title":"Disney is eliminating a beloved free perk at its U.S. theme parks","url":"https://stock-news.laohu8.com/highlight/detail?id=2172196180","media":"Dow Jones","summary":"A new trip-planning service called Disney Genie will help visitors at Walt Disney World and Disneyla","content":"<p>A new trip-planning service called Disney Genie will help visitors at Walt Disney World and Disneyland avoid spending too much time in lines.</p>\n<p>Cutting the line at your favorite Disney theme park attractions is now going to cost you.</p>\n<p>Disney <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> is set to roll out a new planning service, called Disney Genie, for visitors to its theme parks in California and Florida, designed to help guests avoid spending too much time in long lines. The Disney Genie service will be introduced to Walt Disney World in Florida and Disneyland in California this fall.</p>\n<p>As part of the change, a new, paid program is set to replace the free FastPass program at the theme parks.</p>\n<p>FastPass was first introduced in 1999, and it essentially allowed visitors to Walt Disney World and Disneyland to skip the stand-by lines at popular attractions for free. In reality, FastPass was a virtual queue system: Guests would get a ticket they could use at a reserved time to bypass the regular stand-by line, but essentially they were waiting in a virtual line.</p>\n<p>Now to take advantage of those same perks, Disney theme park visitors will have to pay as much as $80 per day for a family of four.</p>\n<p>\"While the FASTPASS, FastPass+ and Disney MaxPass services will be retired, we're incredible excited about the flexibility and choices Disney Genie service provides,\" the company said in a blog post announcing the changes.</p>\n<p>Here's what Disney theme park travelers need to know:</p>\n<p>Say hello to Genie+ and Lightning Lanes</p>\n<p>There will be an optional, paid add-on to the standard Disney Genie service, called Genie+, that will enable Disney theme park visitors to skip the stand-by lines at popular attractions. At Disney World, the service will cost $15 per day per person, while at Disneyland it will cost $20 per day per person.</p>\n<p>There will be more than 40 attractions available for Genie+ bookings at Walt Disney World, and more than 15 attractions at Disneyland. The list of attractions has not yet been released, but Disney said it will be similar to what was previously available through the old FastPass system.</p>\n<p>The FastPass lines at popular attractions will be known as Lightning Lanes. To skip the line, guests will need to reserve a time using the Disney Genie mobile app. They will be able to start making reservations beginning at 7 a.m. the day of their visit to a Walt Disney World park or when the parks open at Disneyland.</p>\n<p>Guests will be allowed to have <a href=\"https://laohu8.com/S/AONE.U\">one</a> Genie+ reservation at a time -- once a reservation is used, they will be able to make another. Visitors who visit more than one Disney park in a day will be able to use Genie+ at any park they visit.</p>\n<p>The Genie+ program will come with some perks. At Disneyland, guests who purchase Genie+ will also get complimentary downloads of pictures taken through PhotoPass, such as photos taken on rides. At Walt Disney World, Genie+ purchasers will be able to try out augmented reality technology on their phones. The service also comes with complimentary audio experiences at both the California and Florida resorts.</p>\n<p>Skipping the line on some rides is going to cost people extra -- even if they purchase Genie+</p>\n<p>The most popular attractions at Disney theme parks won't be part of Genie+. To skip the lines for these, visitors will need to pay separately, though Disney has not yet said how much the perk will cost.</p>\n<p>This will be the case for up to two attractions at each park. Disney has not yet released a full list of which attractions this will be the case for, but examples they cited include the upcoming Remy's Ratatouille adventure at Epcot, Radiator Springs Racers at Disney California Adventure, Seven Dwarfs Mine Train at Magic Kingdom and Star Wars: Rise of the Resistance at Disney's Hollywood Studios and Disneyland.</p>\n<p>These reservations will be able to be booked starting at 7 a.m. for visitors staying at Walt Disney World hotels. Other visitors at Walt Disney World, and everyone visiting Disneyland, will otherwise be able to make to reservations when the parks open each day.</p>\n<p>As with the rides on Genie+, traditional stand-by lines (or virtual queues) will be available for guests who don't wish to pay for the upgrade. Guests can also purchase Lightning Lane access for these rides and forego Genie+ if they so choose.</p>\n<p>Some travel experts believe that the added cost of these perks, which were essentially free in the past, could upset some guests, including annual passholders. The cost of Genie+ is comparable to the cost of MaxPass, a paid FastPass program that was introduced at Disneyland Resort in recent years.</p>\n<p>\"If you're already paying $150 a day to get into the park, to tell somebody that you've got to pay another $100 for your family to get on the best rides in the park -- that's going to be a hard message to sell,\" said Len Testa, president of travel website Touring Plans.</p>\n<p>The calculus for families could come down to the value of paying for the ability to skip lines -- and that will depend on ride capacity. People with Genie+ reservations will have priority over people in the regular stand-by line. If Disney chooses to allow up to 70% of a ride's capacity to be set aside for Genie+, that could make it a better value, since that would means longer stand-by lines. (The company said that how the capacity divvies up will be similar to what was in place with the previous FastPass programs.)</p>\n<p>\"This shouldn't be that bad because fewer people are going to use paid Fast Pass than they would free Fast Pass,\" Testa said. \"If they charge $20 per FastPass, relatively few people are going to buy that. So, it won't impact the standby line as much.\"</p>\n<p>'This is something that will be copied and passed around'</p>\n<p>Even for visitors who decide against paying to skip lines, Disney argues that the new Disney Genie service will help them avoid spending too much time just waiting in lines.</p>\n<p>The new service takes advantage of machine learning technology and algorithms to track where crowds are in the theme parks and then make recommendations to visitors. Visitors can select in advance which attractions they most want to visit, and it will notify them of when they should head to that ride based on the wait times in the park. Guests will also be able to check forecasts for wait times on rides for later in the day based on crowd sizes.</p>\n<p>The Disney Genie services will be built into the existing apps for Disneyland and Walt Disney World. In addition to tracking ride wait times, the app can also be used to make dining reservations at table-service restaurants or for mobile ordering at counter-service eateries. It can then give recommendations of rides nearby with low wait times to visit before or after a meal.</p>\n<p>\"It's going to be revolutionary for the theme park industry,\" said Dennis Spiegel, president of industry consulting firm International Theme Park Services Inc. \"This is something that will be copied and passed along to all the operators.\"</p>\n<p>To Spiegel, the service will allow people to be more spontaneous when they visit a theme park and have to do less advance planning than they once did. Plus, the way that algorithms will track and predict crowd sizes and wait times will give visitors more control over their experience, he argues.</p>\n<p>\"This is going to allow people to move smoother through their visit,\" Spiegel said. \"And it's going to allow them to eat, drink and spend a little bit more -- which is going to be great for Disney -- because they're not waiting in line so long.\"</p>\n<p>Disney shares are down 4% this year to date, compared to a 14% gain for the Dow Jones Industrial Average and a 17% gain for the S&amp;P 500 Index .</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>Disney is eliminating a beloved free perk at its U.S. theme parks</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\">\nDisney is eliminating a beloved free perk at its U.S. theme parks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-10-02 11:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>A new trip-planning service called Disney Genie will help visitors at Walt Disney World and Disneyland avoid spending too much time in lines.</p>\n<p>Cutting the line at your favorite Disney theme park attractions is now going to cost you.</p>\n<p>Disney <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> is set to roll out a new planning service, called Disney Genie, for visitors to its theme parks in California and Florida, designed to help guests avoid spending too much time in long lines. The Disney Genie service will be introduced to Walt Disney World in Florida and Disneyland in California this fall.</p>\n<p>As part of the change, a new, paid program is set to replace the free FastPass program at the theme parks.</p>\n<p>FastPass was first introduced in 1999, and it essentially allowed visitors to Walt Disney World and Disneyland to skip the stand-by lines at popular attractions for free. In reality, FastPass was a virtual queue system: Guests would get a ticket they could use at a reserved time to bypass the regular stand-by line, but essentially they were waiting in a virtual line.</p>\n<p>Now to take advantage of those same perks, Disney theme park visitors will have to pay as much as $80 per day for a family of four.</p>\n<p>\"While the FASTPASS, FastPass+ and Disney MaxPass services will be retired, we're incredible excited about the flexibility and choices Disney Genie service provides,\" the company said in a blog post announcing the changes.</p>\n<p>Here's what Disney theme park travelers need to know:</p>\n<p>Say hello to Genie+ and Lightning Lanes</p>\n<p>There will be an optional, paid add-on to the standard Disney Genie service, called Genie+, that will enable Disney theme park visitors to skip the stand-by lines at popular attractions. At Disney World, the service will cost $15 per day per person, while at Disneyland it will cost $20 per day per person.</p>\n<p>There will be more than 40 attractions available for Genie+ bookings at Walt Disney World, and more than 15 attractions at Disneyland. The list of attractions has not yet been released, but Disney said it will be similar to what was previously available through the old FastPass system.</p>\n<p>The FastPass lines at popular attractions will be known as Lightning Lanes. To skip the line, guests will need to reserve a time using the Disney Genie mobile app. They will be able to start making reservations beginning at 7 a.m. the day of their visit to a Walt Disney World park or when the parks open at Disneyland.</p>\n<p>Guests will be allowed to have <a href=\"https://laohu8.com/S/AONE.U\">one</a> Genie+ reservation at a time -- once a reservation is used, they will be able to make another. Visitors who visit more than one Disney park in a day will be able to use Genie+ at any park they visit.</p>\n<p>The Genie+ program will come with some perks. At Disneyland, guests who purchase Genie+ will also get complimentary downloads of pictures taken through PhotoPass, such as photos taken on rides. At Walt Disney World, Genie+ purchasers will be able to try out augmented reality technology on their phones. The service also comes with complimentary audio experiences at both the California and Florida resorts.</p>\n<p>Skipping the line on some rides is going to cost people extra -- even if they purchase Genie+</p>\n<p>The most popular attractions at Disney theme parks won't be part of Genie+. To skip the lines for these, visitors will need to pay separately, though Disney has not yet said how much the perk will cost.</p>\n<p>This will be the case for up to two attractions at each park. Disney has not yet released a full list of which attractions this will be the case for, but examples they cited include the upcoming Remy's Ratatouille adventure at Epcot, Radiator Springs Racers at Disney California Adventure, Seven Dwarfs Mine Train at Magic Kingdom and Star Wars: Rise of the Resistance at Disney's Hollywood Studios and Disneyland.</p>\n<p>These reservations will be able to be booked starting at 7 a.m. for visitors staying at Walt Disney World hotels. Other visitors at Walt Disney World, and everyone visiting Disneyland, will otherwise be able to make to reservations when the parks open each day.</p>\n<p>As with the rides on Genie+, traditional stand-by lines (or virtual queues) will be available for guests who don't wish to pay for the upgrade. Guests can also purchase Lightning Lane access for these rides and forego Genie+ if they so choose.</p>\n<p>Some travel experts believe that the added cost of these perks, which were essentially free in the past, could upset some guests, including annual passholders. The cost of Genie+ is comparable to the cost of MaxPass, a paid FastPass program that was introduced at Disneyland Resort in recent years.</p>\n<p>\"If you're already paying $150 a day to get into the park, to tell somebody that you've got to pay another $100 for your family to get on the best rides in the park -- that's going to be a hard message to sell,\" said Len Testa, president of travel website Touring Plans.</p>\n<p>The calculus for families could come down to the value of paying for the ability to skip lines -- and that will depend on ride capacity. People with Genie+ reservations will have priority over people in the regular stand-by line. If Disney chooses to allow up to 70% of a ride's capacity to be set aside for Genie+, that could make it a better value, since that would means longer stand-by lines. (The company said that how the capacity divvies up will be similar to what was in place with the previous FastPass programs.)</p>\n<p>\"This shouldn't be that bad because fewer people are going to use paid Fast Pass than they would free Fast Pass,\" Testa said. \"If they charge $20 per FastPass, relatively few people are going to buy that. So, it won't impact the standby line as much.\"</p>\n<p>'This is something that will be copied and passed around'</p>\n<p>Even for visitors who decide against paying to skip lines, Disney argues that the new Disney Genie service will help them avoid spending too much time just waiting in lines.</p>\n<p>The new service takes advantage of machine learning technology and algorithms to track where crowds are in the theme parks and then make recommendations to visitors. Visitors can select in advance which attractions they most want to visit, and it will notify them of when they should head to that ride based on the wait times in the park. Guests will also be able to check forecasts for wait times on rides for later in the day based on crowd sizes.</p>\n<p>The Disney Genie services will be built into the existing apps for Disneyland and Walt Disney World. In addition to tracking ride wait times, the app can also be used to make dining reservations at table-service restaurants or for mobile ordering at counter-service eateries. It can then give recommendations of rides nearby with low wait times to visit before or after a meal.</p>\n<p>\"It's going to be revolutionary for the theme park industry,\" said Dennis Spiegel, president of industry consulting firm International Theme Park Services Inc. \"This is something that will be copied and passed along to all the operators.\"</p>\n<p>To Spiegel, the service will allow people to be more spontaneous when they visit a theme park and have to do less advance planning than they once did. Plus, the way that algorithms will track and predict crowd sizes and wait times will give visitors more control over their experience, he argues.</p>\n<p>\"This is going to allow people to move smoother through their visit,\" Spiegel said. \"And it's going to allow them to eat, drink and spend a little bit more -- which is going to be great for Disney -- because they're not waiting in line so long.\"</p>\n<p>Disney shares are down 4% this year to date, compared to a 14% gain for the Dow Jones Industrial Average and a 17% gain for the S&amp;P 500 Index .</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2172196180","content_text":"A new trip-planning service called Disney Genie will help visitors at Walt Disney World and Disneyland avoid spending too much time in lines.\nCutting the line at your favorite Disney theme park attractions is now going to cost you.\nDisney $(DIS)$ is set to roll out a new planning service, called Disney Genie, for visitors to its theme parks in California and Florida, designed to help guests avoid spending too much time in long lines. The Disney Genie service will be introduced to Walt Disney World in Florida and Disneyland in California this fall.\nAs part of the change, a new, paid program is set to replace the free FastPass program at the theme parks.\nFastPass was first introduced in 1999, and it essentially allowed visitors to Walt Disney World and Disneyland to skip the stand-by lines at popular attractions for free. In reality, FastPass was a virtual queue system: Guests would get a ticket they could use at a reserved time to bypass the regular stand-by line, but essentially they were waiting in a virtual line.\nNow to take advantage of those same perks, Disney theme park visitors will have to pay as much as $80 per day for a family of four.\n\"While the FASTPASS, FastPass+ and Disney MaxPass services will be retired, we're incredible excited about the flexibility and choices Disney Genie service provides,\" the company said in a blog post announcing the changes.\nHere's what Disney theme park travelers need to know:\nSay hello to Genie+ and Lightning Lanes\nThere will be an optional, paid add-on to the standard Disney Genie service, called Genie+, that will enable Disney theme park visitors to skip the stand-by lines at popular attractions. At Disney World, the service will cost $15 per day per person, while at Disneyland it will cost $20 per day per person.\nThere will be more than 40 attractions available for Genie+ bookings at Walt Disney World, and more than 15 attractions at Disneyland. The list of attractions has not yet been released, but Disney said it will be similar to what was previously available through the old FastPass system.\nThe FastPass lines at popular attractions will be known as Lightning Lanes. To skip the line, guests will need to reserve a time using the Disney Genie mobile app. They will be able to start making reservations beginning at 7 a.m. the day of their visit to a Walt Disney World park or when the parks open at Disneyland.\nGuests will be allowed to have one Genie+ reservation at a time -- once a reservation is used, they will be able to make another. Visitors who visit more than one Disney park in a day will be able to use Genie+ at any park they visit.\nThe Genie+ program will come with some perks. At Disneyland, guests who purchase Genie+ will also get complimentary downloads of pictures taken through PhotoPass, such as photos taken on rides. At Walt Disney World, Genie+ purchasers will be able to try out augmented reality technology on their phones. The service also comes with complimentary audio experiences at both the California and Florida resorts.\nSkipping the line on some rides is going to cost people extra -- even if they purchase Genie+\nThe most popular attractions at Disney theme parks won't be part of Genie+. To skip the lines for these, visitors will need to pay separately, though Disney has not yet said how much the perk will cost.\nThis will be the case for up to two attractions at each park. Disney has not yet released a full list of which attractions this will be the case for, but examples they cited include the upcoming Remy's Ratatouille adventure at Epcot, Radiator Springs Racers at Disney California Adventure, Seven Dwarfs Mine Train at Magic Kingdom and Star Wars: Rise of the Resistance at Disney's Hollywood Studios and Disneyland.\nThese reservations will be able to be booked starting at 7 a.m. for visitors staying at Walt Disney World hotels. Other visitors at Walt Disney World, and everyone visiting Disneyland, will otherwise be able to make to reservations when the parks open each day.\nAs with the rides on Genie+, traditional stand-by lines (or virtual queues) will be available for guests who don't wish to pay for the upgrade. Guests can also purchase Lightning Lane access for these rides and forego Genie+ if they so choose.\nSome travel experts believe that the added cost of these perks, which were essentially free in the past, could upset some guests, including annual passholders. The cost of Genie+ is comparable to the cost of MaxPass, a paid FastPass program that was introduced at Disneyland Resort in recent years.\n\"If you're already paying $150 a day to get into the park, to tell somebody that you've got to pay another $100 for your family to get on the best rides in the park -- that's going to be a hard message to sell,\" said Len Testa, president of travel website Touring Plans.\nThe calculus for families could come down to the value of paying for the ability to skip lines -- and that will depend on ride capacity. People with Genie+ reservations will have priority over people in the regular stand-by line. If Disney chooses to allow up to 70% of a ride's capacity to be set aside for Genie+, that could make it a better value, since that would means longer stand-by lines. (The company said that how the capacity divvies up will be similar to what was in place with the previous FastPass programs.)\n\"This shouldn't be that bad because fewer people are going to use paid Fast Pass than they would free Fast Pass,\" Testa said. \"If they charge $20 per FastPass, relatively few people are going to buy that. So, it won't impact the standby line as much.\"\n'This is something that will be copied and passed around'\nEven for visitors who decide against paying to skip lines, Disney argues that the new Disney Genie service will help them avoid spending too much time just waiting in lines.\nThe new service takes advantage of machine learning technology and algorithms to track where crowds are in the theme parks and then make recommendations to visitors. Visitors can select in advance which attractions they most want to visit, and it will notify them of when they should head to that ride based on the wait times in the park. Guests will also be able to check forecasts for wait times on rides for later in the day based on crowd sizes.\nThe Disney Genie services will be built into the existing apps for Disneyland and Walt Disney World. In addition to tracking ride wait times, the app can also be used to make dining reservations at table-service restaurants or for mobile ordering at counter-service eateries. It can then give recommendations of rides nearby with low wait times to visit before or after a meal.\n\"It's going to be revolutionary for the theme park industry,\" said Dennis Spiegel, president of industry consulting firm International Theme Park Services Inc. \"This is something that will be copied and passed along to all the operators.\"\nTo Spiegel, the service will allow people to be more spontaneous when they visit a theme park and have to do less advance planning than they once did. Plus, the way that algorithms will track and predict crowd sizes and wait times will give visitors more control over their experience, he argues.\n\"This is going to allow people to move smoother through their visit,\" Spiegel said. \"And it's going to allow them to eat, drink and spend a little bit more -- which is going to be great for Disney -- because they're not waiting in line so long.\"\nDisney shares are down 4% this year to date, compared to a 14% gain for the Dow Jones Industrial Average and a 17% gain for the S&P 500 Index .","news_type":1},"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":864932641,"gmtCreate":1633048081176,"gmtModify":1633048081320,"author":{"id":"3579310238184228","authorId":"3579310238184228","name":"rossannathom","avatar":"https://static.tigerbbs.com/fee5c4cb302a57e628de9da574d73fff","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Whoa nice&nbsp;","listText":"Whoa nice&nbsp;","text":"Whoa nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/864932641","repostId":"1168677677","repostType":4,"repost":{"id":"1168677677","pubTimestamp":1633045561,"share":"https://www.laohu8.com/m/news/1168677677?lang=&edition=full","pubTime":"2021-10-01 07:46","market":"us","language":"en","title":"Biden signs temporary funding bill to prevent government shutdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1168677677","media":"cnbc","summary":"KEY POINTS\n\nCongress prevented a government shutdown before a midnight Thursday deadline.\nPresident ","content":"<div>\n<p>KEY POINTS\n\nCongress prevented a government shutdown before a midnight Thursday deadline.\nPresident Joe Biden signed a bill that funds the government through Dec. 3.\nPassing a funding plan will ...</p>\n\n<a href=\"https://www.cnbc.com/2021/09/30/government-shutdown-congress-moves-to-pass-funding-bill.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Biden signs temporary funding bill to prevent government shutdown</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\">\nBiden signs temporary funding bill to prevent government shutdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-01 07:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/09/30/government-shutdown-congress-moves-to-pass-funding-bill.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongress prevented a government shutdown before a midnight Thursday deadline.\nPresident Joe Biden signed a bill that funds the government through Dec. 3.\nPassing a funding plan will ...</p>\n\n<a href=\"https://www.cnbc.com/2021/09/30/government-shutdown-congress-moves-to-pass-funding-bill.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/09/30/government-shutdown-congress-moves-to-pass-funding-bill.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1168677677","content_text":"KEY POINTS\n\nCongress prevented a government shutdown before a midnight Thursday deadline.\nPresident Joe Biden signed a bill that funds the government through Dec. 3.\nPassing a funding plan will resolve one crisis while lawmakers try to deal with another: a looming threat of default unless Congress raises or suspends the debt ceiling.\n\nCongress avoided a government shutdown Thursday hours before funding would have lapsed.\nPresident Joe Biden signed a short-term appropriations bill that will keep the government running through Dec. 3. Washington had to beat a midnight Thursday deadline to prevent a shutdown of some federal operations.\nThe Senate and House approved the funding legislation earlier Thursday. The Senate passed it in a 65-35 vote as all 50 Democrats backed it and 15 Republicans joined them.\nThe House passed the bill by a 254-175 margin. Every Democratic representative and 34 Republicans supported it.\nThe so-called continuing resolution will set spending at current levels into December while lawmakers hash out a full-year funding plan. The legislation includes money for hurricane relief and the resettlement of Afghan refugees.\n“This is a good outcome, one I’m happy we are getting done,” Schumer said before the Senate vote.\nA government shutdown could have led to furloughs of federal workers and the suspension of certain services. A funding lapse could have posed particular challenges during U.S. efforts to fight the coronavirus pandemic — though the Biden administration has said a shutdown would have little effect on public health functions.\nCongress was set to snuff out one possible crisis Thursday but has another looming. Lawmakers still need to raise or suspend the debt ceiling before Oct. 18 to prevent a possible default on U.S. debt that would result in job losses, economic damage and a drop in the stock market.\nDemocrats, who control both chambers of Congress, tried to fund the government and suspend the debt ceiling as part of the same bill. Senate Republicans blocked the legislation, even thoughextending the ceiling doesn’t authorize new spending. Approval would let the Treasury to cover its existing obligations.\nSenate Minority Leader Mitch McConnell, R-Ky., repeatedly said his party would vote for a funding bill without a suspension of the debt ceiling.","news_type":1},"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865847868,"gmtCreate":1632970528553,"gmtModify":1632970673078,"author":{"id":"3579310238184228","authorId":"3579310238184228","name":"rossannathom","avatar":"https://static.tigerbbs.com/fee5c4cb302a57e628de9da574d73fff","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Can’t wait&nbsp;","listText":"Can’t wait&nbsp;","text":"Can’t wait","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865847868","repostId":"1104172212","repostType":4,"repost":{"id":"1104172212","pubTimestamp":1632965278,"share":"https://www.laohu8.com/m/news/1104172212?lang=&edition=full","pubTime":"2021-09-30 09:27","market":"us","language":"en","title":"2021 Global Market Outlook - Q4 Update: Growing Pains","url":"https://stock-news.laohu8.com/highlight/detail?id=1104172212","media":"seekingalpha","summary":"Summary\n\nThe post-lockdown recovery has been powerful, and most developed economies have seen double","content":"<p><b>Summary</b></p>\n<ul>\n <li>The post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows.</li>\n <li>The reopening trade should resume in coming months. The cyclical stocks that comprise the value factor are reporting stronger earnings upgrades than technology-heavy growth stocks, and the value factor is cheap compared to the growth factor.</li>\n <li>The key risk is that the delta variant or similar proves resilient to vaccination or that infection rates escalate during the Northern Hemisphere winter.</li>\n</ul>\n<p>The COVID-19 delta variant, inflation and central bank tapering are unnerving investors. <b>We expect the pandemic-recovery trade to resume as inflation subsides, infection rates decline and tapering turns out to not equal tightening. Amid this backdrop, our outlook favors equities over bonds, the value factor over the growth factor and non-U.S. stocks over U.S. stocks.</b></p>\n<p><b>Introduction</b></p>\n<p>The post-lockdown recovery has transitioned from energetic youthfulness to awkward adolescence. It’s still growing, although at a slower pace, and there are worries about what happens next, particularly about monetary policy and the outlook for inflation. Theinflation spikehas been larger than expected, but we still think it istransitory, caused by base effects from when the U.S. consumer price index (CPI) fell during the lockdown last year and by temporary supply bottlenecks. Inflation may remain high over the remainder of 2021 but should decline in early 2022. This means that even though the U.S. Federal Reserve (Fed) is likely to begin tapering back on asset purchases before the end of the year, rate hikes are unlikely before the second half of 2023.</p>\n<p>Another worry is thehighly contagious COVID-19 delta variant. The evidence so far is that vaccines are effective in preventing serious COVID-19 infections. Vaccination rates are accelerating globally, and emerging economies are catching up with developed markets. Infection rates appear to have peaked globally in early September. This means the reopening of economies should continue over the remainder of 2021. The onset of winter in the northern hemisphere will be a test, but the rollout of booster vaccination shots should help prevent widescale renewed lockdowns.</p>\n<p>The conclusions from our cycle, value and sentiment (CVS) investment decision-making process are broadly unchanged from our previous quarterly report. Global equities remain expensive, with the very expensive U.S. market offsetting better value elsewhere. Sentiment is slightly overbought, but not close to dangerous levels of euphoria. The strong cycle delivers a preference for equities over bonds for at least the next 12 months, despite expensive valuations. It also reinforces our preference for thevalue equity factor over the growth factorand for non-U.S. equities to outperform the U.S. market.</p>\n<p><b>Cycle still in recovery phase</b></p>\n<p>The post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows. Even so, we think the cycle is still in the recovery phase, although it is maturing. Despite strong growth, there is plenty of spare capacity. This can be seen in the employment-to-population ratio for prime-age workers in the United States. The chart below shows the ratio has recovered from the pandemic lows, but only to levels reached during the relatively mild recessions in the early 1990s and 2000s. We expect theU.S. labor-market recoveryshould still resemble a typical post-recession recovery over the next few quarters.</p>\n<p><b>U.S. EMPLOYMENT-POPULATION RATIO FOR PRIME-AGE WORKERS</b></p>\n<p><img src=\"https://static.tigerbbs.com/28a91fe2991463e2285879c32cb1b8c7\" tg-width=\"1280\" tg-height=\"982\" referrerpolicy=\"no-referrer\"></p>\n<p>The U.S. recovery, however, is more advanced than that of other developed economies. The following chart shows how far GDP has recovered, relative to the pre-COVID-19 peak in 2019. GDP is 0.8% higher in the U.S., although this level is still short relative to the pre-COVID-19 trend. GDP is 2.5% below 2019 levels in the euro area and 4.5% below in the United Kingdom. We expect more cyclical upside for economic growth outside the U.S., and this should allow market leadership to rotate toward the rest of the world.</p>\n<p><b>GDP IN Q2 2021 RELATIVE TO PRE-COVID-19 PEAK IN 2019</b></p>\n<p><img src=\"https://static.tigerbbs.com/577d1b96aef08b71c9bdb6665a21b2ac\" tg-width=\"1280\" tg-height=\"982\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Two key indicators</b></p>\n<p>Last quarter, we listed two indicators that should offer a guide to the Fed’s expected reaction to the inflation spike.</p>\n<p>The first is five-year/five-year breakeven inflation expectations, based on the pricing of Treasury Inflation Protected Securities (TIPS). This is the market’s forecast for average inflation over five years in five years’ time. It tells us that investors expect inflation will average 2.17% in the five years from late 2026 to late 2031. The TIPS yields are based on the CPI, while the Fed targets inflation as measured by the personal consumption expenditure (PCE) deflator. The two move together over time, but CPI inflation is generally around 0.25% higher than PCE inflation. A breakeven rate of 2.75% would suggest the market sees PCE inflation above 2.5% in five years’ time. Market inflation expectations are currently comfortably below the Fed’s worry point.</p>\n<p><b>WATCHPOINT INDICATOR #1: U.S. 5-YEAR/5-YEAR BREAKEVEN INFLATION RATE</b></p>\n<p><img src=\"https://static.tigerbbs.com/13f3cf57b58f600fe6681e9015779e85\" tg-width=\"1280\" tg-height=\"982\" referrerpolicy=\"no-referrer\"></p>\n<p>The second indicator is the Atlanta Fed’s Wage Growth Tracker, and this has a less-comforting message about inflation risks. It reached 3.9% in August, which isclose to the 4% thresholdwhere we judge that the Fed will become concerned about the inflationary impact on the growth of wages. A breakdown shows that the spike has been mostly driven by wages for low-skilled, young people in the leisure and hospitality industry. This suggests the surge has been caused by temporary labor supply shortages and that wage pressures should subside as economic activity normalizes. This indicator, however, will be an important watchpoint over the next few months.</p>\n<p><b>WATCHPOINT INDICATOR #2: ATLANTA FED WAGE GROWTH TRACKER</b></p>\n<p><img src=\"https://static.tigerbbs.com/a1d3ff1ca26f6d29a28f919c65531c9a\" tg-width=\"1280\" tg-height=\"982\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Reopening trade still makes sense</b></p>\n<p>The reopening trade, which lifts long-term interest rates and favors cyclical and value stocks over technology and growth stocks, worked well for several months following the vaccine announcement last November. Value outperformed growth and yield curves steepened. The trade has reversed in recent months, however, amid fears that the delta variant might derail the economic recovery. The impact has been magnified by short covering in bond markets as investors, who have been short or underweight, have been forced by the rally to buy back into the market, pushing bond yields even lower.</p>\n<p>The reopening trade should resume in coming months. The cyclical stocks that comprise the value factor are reporting stronger earnings upgrades than technology-heavy growth stocks, and the value factor is cheap compared to the growth factor. Financial stocks comprise the largest sector in the MSCI World Value Index, and they should benefit from further yield-curve steepening, which boosts the profitability of banks. Long-term interest rates should rise as global growth remains above trend, delta-variant fears fade, the short squeeze unwinds and central banks begin tapering back on bond purchases.</p>\n<p>The rotation in economic growth leadership away from the United States should also help the reopening trade. The rest of the world is overweight cyclical value stocks relative to the U.S., which has a higher weight to technology stocks.</p>\n<p>Emerging market (EM) equities have been poor performers since the vaccine announcement, but there are some encouraging signs. Initially, they were held back by the exposure to technology stocks in the MSCI Emerging Markets Index and the slow rollout of COVID-19 vaccines. More recently, they have come under pressure from the slowdown in the Chinese economy and theregulatory crackdown on Chinese tech companies. The vaccine rollout across emerging markets has accelerated and policy easing in China should soon improve the growth outlook. The path of Chinese regulation is harder to predict, but it is now largely priced in, with Chinese technology companies underperforming their global peers by nearly 50% from February 2021 through mid-September.</p>\n<p>The resumption of the reopening trade should also result in U.S. dollar weakness. The U.S. Dollar Index (DXY) has traded sideways since the vaccine announcement. It should weaken once investors have confidence that delta-variant risks are subsiding and realize that the Fed is likely to remain dovish as inflation risks decline. The dollar typically gains during global downturns and declines in the recovery phase. Dollar weakness should support the performance of non-U.S. markets, particularly emerging markets.</p>\n<p><b>Risks: variants, inflation, China weakness</b></p>\n<p>The key risk is that the delta variant or similar proves resilient to vaccination or that infection rates escalate during the Northern Hemisphere winter. The evidence so far is that vaccinations are highly effective in preventing serious illness. In Israel, booster shots appear to have slowed the rate of new cases.</p>\n<p>Another watchpoint is inflation and the response of central banks. Our expectation is that this year’s inflation spike is mostly transitory and that the major central banks, led by the Fed, are still two years from raising interest rates.</p>\n<p>Finally, there is the risk of a sharper-than-expected slowdown in China.Credit growth has slowed this yearand the purchasing managers’ indexes (PMI) have trended lower. Monetary and fiscal policy have been eased, however, and senior officials have signaled that more stimulus is on the way. China policy direction and credit trends will be an important watchpoint over coming months.</p>\n<p><b>Regional snapshotsUnited States</b></p>\n<p>The U.S. economy is likely to sustain above-trend growth into 2022. However, the easiest gains appear in the rear-view mirror at the end of the third quarter as the recovery phase of the business cycle matures. This is most visible for corporate earnings, where S&amp;P 500® Index earnings-per-share already sit 20% above their previous cyclical high.</p>\n<p>Strong fundamentals have helped power the stock market to new highs. Early evidence that the delta-variant wave may be fading and the potential for greater vaccine access for children are positives for a more complete recovery in the quarters ahead. The Fedlooks poised to start tapering its asset purchasesaround the end of 2021. The timing of the first rate hike will then hinge on what happens to inflation next year. Our models suggest that inflation is likely to drop back below the Fed’s 2% target in 2022. If that is correct, the Fed is likely to remain on hold into the second half of 2023.</p>\n<p>Wage inflation is a key risk to this view. It is running unusually strong for this stage of the cycle, and record hiring intentions from businesses could exhaust spare capacity in the year ahead. We expect the 10-year U.S. Treasury yield to rise moderately from 1.37% in mid-September to 1.75% in coming months.</p>\n<p>Fiscal stimulus negotiations continue to grab headlines in Washington, D.C. Thetax provisions in these billsare likely to be the most impactful for financial markets. We estimate thathigher corporate taxescould subtract about four percentage points from S&amp;P 500 earnings growth in 2022. This could create volatility and opportunity in markets. Given our strong cyclical outlook, our bias continues to be a<i>risk-on</i>preference for equities over bonds for the medium-term.</p>\n<p><b>Eurozone</b></p>\n<p>Euro area growthslowed through the third quarter but looks on track for a return to above-trend growth over the fourth quarter and into 2022. Vaccination rates are high, and the euro area has more catch-up potential than other major economies, particularly the United States. The euro area is also set to receive more fiscal support than other regions, with the European Union’s pandemic recovery fund only just starting to disburse stimulus, which will provide significant support in southern Europe. Polls in advance of Germany’s federal election on Sept. 26 suggested the electorate was moving toward the political left, which means the new government is likely to support expansionary fiscal policy and a continued dovish stance by the European Central Bank (ECB).</p>\n<p>The MSCI EMU Index, which reflects the European Economic and Monetary Union, has performed broadly in line with the S&amp;P 500 so far in 2021. We think it has potential to outperform in coming quarters. Europe’s exposure to financials and cyclically sensitive sectors such as industrials, materials and energy, and its relatively small exposure to technology, gives it the potential to outperform as delta-variant fears subside, economic activity picks up and yield curves in Europe steepen.</p>\n<p><b>United Kingdom</b></p>\n<p>As of mid-year, UK GDP was still nearly 4.5% below its pre-pandemic peak. We see plenty of scope for strong catch-up growth as borders are fully reopened and activity normalizes. Supply bottlenecks and labor shortages have triggered a sharp rise in underlying inflation and created concerns that the Bank of England (BoE) may start rate hikes in the first half of 2022. We think the BoE is unlikely to be that aggressive. We expect inflation to decline in early 2022 as supply constraints ease, which should convince the BoE to delay rate hikes.</p>\n<p>The FTSE 100 Index is the cheapest of the major developed equity markets in late 2021, and this should help it reflect higher returns than other markets over the next decade. Around 70% of UK corporate earnings come from offshore, so one near-term risk is that further strengthening of British sterling dampens earnings growth. The other risks are mostly around policy missteps, for example, early tightening by the Bank of England.</p>\n<p><b>Japan</b></p>\n<p>The Japanese economy is expected to get a shot in the arm as rising vaccination rates improve mobility and reduce the risk of further lockdowns, and as political leadership changes result in more fiscal stimulus: the Japanese election is due to be held before Nov. 28. Japanese equities look slightly more expensive than other regions such as the UK and Europe. We maintain our view that the Bank of Japan will significantly lag other central banks in normalizing policy.</p>\n<p><b>China</b></p>\n<p>We expect Chinese economic growth to berobust over the next 12 months, supported by a post-lockdown jump in consumer spending and incremental fiscal and monetary easing. Despite a big improvement in vaccination rates,COVID-19 outbreaks remain a riskgiven the Chinese government’s zero-tolerance approach. The major consumer technology companies have seen significant drops in stock prices recently due to more aggressive regulation. Some uncertainty remains around thepath of future regulation, especially as it relates to technology companies, and as a result we expect investors will remain cautious on Chinese equities in the coming months. The property market, particularly property developers as recently highlighted by Evergrande’s debt crisis, remains a risk that we are monitoring closely.</p>\n<p><b>Canada</b></p>\n<p>Canada leads the G71countries in terms of the vaccination rollout, which should minimize the risk of large-scale lockdowns over winter. The delta variant has taken an economic toll, however, with industry consensus projections now predicting 5% GDP growth in 2021 versus estimates of more than 6% just three months ago. Even so, growth remains above-trend and the odds of additional fiscal expenditures to support the economy have increased. This means that weaker growth due to COVID-19 is unlikely to change the Bank of Canada's (BoC) tightening bias.</p>\n<p>Tapering of asset purchasesshould be complete by the end of the first quarter of 2022. BoC Governor Tiff Macklem has indicated that the reinvestment phase of the bonds held by the central bank will commence once quantitative easing has ended. This should generate an estimated C$1 billion in weekly bond purchases, down from the current pace of C$2 billion. The BoC will likely only consider shrinking its balance sheet after it has started lifting interest rates. The BoC projects that the output gap will close sometime over the second half of 2022, and that rate hikes will be considered after economic slack has disappeared. We believe that the timeline may be a tad aggressive, and a delay to 2023 for liftoff is more likely. This would better align the Canadian central bank with its American counterpart.</p>\n<p><b>Australia/New Zealand</b></p>\n<p>The Australian economy is set to return to life, with lockdowns likely to be eased in October and November. Consumer and business balance sheets continue to look healthy, which should facilitate a strong recovery. The reopening of the international border in 2022 will provide a further boost. Fiscal policy has supported the economy through the downturn, and there is potential for further stimulus in the lead-up to the federal election, which is due before the end of 2022. The Reserve Bank of Australia has begun the process of tapering its bond-purchase program, but we expect that a rise in the cash rate is unlikely until at least the second half of 2023.</p>\n<p>New Zealand’s most recent lockdown will drag on Q3 GDP, but similar to Australia, we expect a solid rebound as the economy reopens. The government aims to provide a vaccine to all adults by the end of 2021, after which borders will gradually reopen. This will provide a boost, particularly to tourism-exposed sectors. Despite having recently put off hiking interest rates due to the recent lockdown, we expect the Reserve Bank of New Zealand will start raising rates this year. Even though they have significantly underperformed global equities this year, New Zealand equities still screen as relatively expensive compared to other regions.</p>\n<p><b>Asset-class preferences</b></p>\n<p>Our cycle, value and sentiment investment decision-making process in late September 2021 has a moderately positive medium-term view on global equities. Value is expensive across most markets except for UK equities, which are near fair value. The cycle is risk-asset supportive for the medium-term. The major economies still have spare capacity and inflation pressures appear transitory, caused by COVID-19-related supply shortages. Rate hikes by the U.S. Fed seem unlikely before the second half of 2023. Sentiment, after reaching overbought levels earlier in the year, has returned to more neutral levels.</p>\n<p><b>COMPOSITE CONTRARIAN INDICATOR: SENTIMENT SHIFTS TOWARD NEUTRAL</b></p>\n<p><img src=\"https://static.tigerbbs.com/5c527955abbc9e770d200c1d709f80d8\" tg-width=\"1280\" tg-height=\"982\" referrerpolicy=\"no-referrer\"></p>\n<ul>\n <li>We prefer<b>non-U.S. equities</b>to U.S. equities. Stronger economic growth and steeper yield curves after the third-quarter slowdown should favor undervalued cyclical value stocks over expensive technology and growth stocks. Relative to the U.S., the rest of the world is overweight cyclical value stocks.</li>\n <li><b>Emerging markets equities</b>have been relatively poor performers this year, but there are some encouraging signs. The vaccine rollout across EM has accelerated and policy easing in China should soon boost the economic growth outlook.China’s regulatory crackdownhas caused significant underperformance by Chinese technology companies, but this should be less of a headwind going forward now that it is priced in.</li>\n <li><b>High yield</b>and<b>investment grade credit</b>are expensive on a spread basis but have support from a positive cycle view that accommodates corporate profit growth and keeps default rates low. U.S. dollar-denominated<b>emerging markets debt</b>is close to fair value in spread terms and will gain support on U.S. dollar weakness.</li>\n <li><b>Government bonds</b>are expensive, and yields should come under upward pressure as output gaps close and central banks look to taper back asset purchases. We expect the 10-year U.S. Treasury yield to rise toward 1.75% in coming months.</li>\n <li><b>Real assets</b>: Real Estate Investment Trusts (REITs) have significantly outperformed Global Listed Infrastructure (GLI) so far this year, to the extent that REITS are now expensive relative to GLI. Both should benefit from the pandemic recovery, but GLI has some catch-up potential. GLI should benefit from the global re-opening boosting domestic and international travel.<b>Commodities</b>have been the best-performing asset class this year amid strong demand and supply bottlenecks. The gains have been led by industrial metals and energy. The pace of increase should ease as supply issues are resolved, butcommodities should retain supportfrom above-trend global demand.</li>\n <li>The<b>U.S. dollar</b>has been supported this year by expectations for early Fed tightening and U.S. economic growth leadership. It should weaken as global growth leadership rotates away from the U.S. and toward Europe and other developed economies. The dollar typically gains during global downturns and declines in the recovery phase. The main beneficiary is likely to be the<b>euro</b>, which is still undervalued. We also believe<b>British sterling</b>and the economically sensitive<i>commodity currencies</i>—the<b>Australian dollar</b>, the<b>New Zealand dollar</b>and the<b>Canadian dollar</b>—can make further gains, although these currencies are not undervalued from a longer-term perspective.</li>\n</ul>\n<p><b>ASSET PERFORMANCE SINCE THE BEGINNING OF 2021</b></p>\n<p><img src=\"https://static.tigerbbs.com/50e253becd38bd122d9fc211e7b0f583\" tg-width=\"1280\" tg-height=\"982\" referrerpolicy=\"no-referrer\"></p>\n<p>1The Group of Seven is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.</p>\n<p><b>Important Information</b></p>\n<p>The views in this Global Market Outlook report are subject to change at any time based upon market or other conditions and are current as of September 27, 2021. While all material is deemed to be reliable, accuracy and completeness cannot be guaranteed.</p>\n<p>Please remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.</p>\n<p>Keep in mind that, like all investing, multi-asset investing does not assure a profit or protect against loss.</p>\n<p>No model or group of models can offer a precise estimate of future returns available from capital markets. We remain cautious that rational analytical techniques cannot predict extremes in financial behavior, such as periods of financial euphoria or investor panic. Our models rest on the assumptions of normal and rational financial behavior. Forecasting models are inherently uncertain, subject to change at any time based on a variety of factors and can be inaccurate. Russell believes that the utility of this information is highest in evaluating the relative relationships of various components of a globally diversified portfolio. As such, the models may offer insights into the prudence of over or under weighting those components from time to time or under periods of extreme dislocation. The models are explicitly not intended as market timing signals.</p>\n<p>Forecasting represents predictions of market prices and/or volume patterns utilizing varying analytical data. It is not representative of a projection of the stock market, or of any specific investment.</p>\n<p>Investment in global, international or emerging markets may be significantly affected by political or economic conditions and regulatory requirements in a particular country. Investments in non-U.S. markets can involve risks of currency fluctuation, political and economic instability, different accounting standards and foreign taxation. Such securities may be less liquid and more volatile. Investments in emerging or developing markets involve exposure to economic structures that are generally less diverse and mature, and political systems with less stability than in more developed countries.</p>\n<p>Currency investing involves risks including fluctuations in currency values, whether the home currency or the foreign currency. They can either enhance or reduce the returns associated with foreign investments.</p>\n<p>Investments in non-U.S. markets can involve risks of currency fluctuation, political and economic instability, different accounting standards and foreign taxation.</p>\n<p>Bond investors should carefully consider risks such as interest rate, credit, default and duration risks. Greater risk, such as increased volatility, limited liquidity, prepayment, non-payment and increased default risk, is inherent in portfolios that invest in high yield (“junk”) bonds or mortgage-backed securities, especially mortgage-backed securities with exposure to sub-prime mortgages. Generally, when interest rates rise, prices of fixed income securities fall. Interest rates in the United States are at, or near, historic lows, which may increase a Fund’s exposure to risks associated with rising rates. Investment in non-U.S. and emerging market securities is subject to the risk of currency fluctuations and to economic and political risks associated with such foreign countries.</p>\n<p>Performance quoted represents past performance and should not be viewed as a guarantee of future results.</p>\n<p>The FTSE 100 Index is a market-capitalization weighted index of UK-listed blue chip companies.</p>\n<p>The S&amp;P 500® Index, or the Standard &amp; Poor’s 500, is a stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.</p>\n<p>The MSCI EMU Index (European Economic and Monetary Union) captures large and mid cap representation across the 10 developed markets countries in the EMU. With 246 constituents, the index covers approximately 85% of the free float-adjusted market capitalization of the EMU.</p>\n<p>Indexes are unmanaged and cannot be invested in directly.</p>\n<p>Copyright © Russell Investments 2021. 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The general information contained on this website should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. Persons outside the United States may find more information about products and services available within their jurisdictions by going to Russell Investments' Worldwide site.</p>\n<p>Russell Investments is committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone, and applying the relevant accessibility standards.</p>\n<p>Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates, with a significant minority stake held by funds managed by Reverence Capital Partners. Russell Investments' employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.</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>2021 Global Market Outlook - Q4 Update: Growing Pains</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\">\n2021 Global Market Outlook - Q4 Update: Growing Pains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-30 09:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4457651-2021-global-market-outlook-q4-update-growing-pains><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows.\nThe reopening trade should resume in ...</p>\n\n<a href=\"https://seekingalpha.com/article/4457651-2021-global-market-outlook-q4-update-growing-pains\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4457651-2021-global-market-outlook-q4-update-growing-pains","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1104172212","content_text":"Summary\n\nThe post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows.\nThe reopening trade should resume in coming months. The cyclical stocks that comprise the value factor are reporting stronger earnings upgrades than technology-heavy growth stocks, and the value factor is cheap compared to the growth factor.\nThe key risk is that the delta variant or similar proves resilient to vaccination or that infection rates escalate during the Northern Hemisphere winter.\n\nThe COVID-19 delta variant, inflation and central bank tapering are unnerving investors. We expect the pandemic-recovery trade to resume as inflation subsides, infection rates decline and tapering turns out to not equal tightening. Amid this backdrop, our outlook favors equities over bonds, the value factor over the growth factor and non-U.S. stocks over U.S. stocks.\nIntroduction\nThe post-lockdown recovery has transitioned from energetic youthfulness to awkward adolescence. It’s still growing, although at a slower pace, and there are worries about what happens next, particularly about monetary policy and the outlook for inflation. Theinflation spikehas been larger than expected, but we still think it istransitory, caused by base effects from when the U.S. consumer price index (CPI) fell during the lockdown last year and by temporary supply bottlenecks. Inflation may remain high over the remainder of 2021 but should decline in early 2022. This means that even though the U.S. Federal Reserve (Fed) is likely to begin tapering back on asset purchases before the end of the year, rate hikes are unlikely before the second half of 2023.\nAnother worry is thehighly contagious COVID-19 delta variant. The evidence so far is that vaccines are effective in preventing serious COVID-19 infections. Vaccination rates are accelerating globally, and emerging economies are catching up with developed markets. Infection rates appear to have peaked globally in early September. This means the reopening of economies should continue over the remainder of 2021. The onset of winter in the northern hemisphere will be a test, but the rollout of booster vaccination shots should help prevent widescale renewed lockdowns.\nThe conclusions from our cycle, value and sentiment (CVS) investment decision-making process are broadly unchanged from our previous quarterly report. Global equities remain expensive, with the very expensive U.S. market offsetting better value elsewhere. Sentiment is slightly overbought, but not close to dangerous levels of euphoria. The strong cycle delivers a preference for equities over bonds for at least the next 12 months, despite expensive valuations. It also reinforces our preference for thevalue equity factor over the growth factorand for non-U.S. equities to outperform the U.S. market.\nCycle still in recovery phase\nThe post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows. Even so, we think the cycle is still in the recovery phase, although it is maturing. Despite strong growth, there is plenty of spare capacity. This can be seen in the employment-to-population ratio for prime-age workers in the United States. The chart below shows the ratio has recovered from the pandemic lows, but only to levels reached during the relatively mild recessions in the early 1990s and 2000s. We expect theU.S. labor-market recoveryshould still resemble a typical post-recession recovery over the next few quarters.\nU.S. EMPLOYMENT-POPULATION RATIO FOR PRIME-AGE WORKERS\n\nThe U.S. recovery, however, is more advanced than that of other developed economies. The following chart shows how far GDP has recovered, relative to the pre-COVID-19 peak in 2019. GDP is 0.8% higher in the U.S., although this level is still short relative to the pre-COVID-19 trend. GDP is 2.5% below 2019 levels in the euro area and 4.5% below in the United Kingdom. We expect more cyclical upside for economic growth outside the U.S., and this should allow market leadership to rotate toward the rest of the world.\nGDP IN Q2 2021 RELATIVE TO PRE-COVID-19 PEAK IN 2019\n\nTwo key indicators\nLast quarter, we listed two indicators that should offer a guide to the Fed’s expected reaction to the inflation spike.\nThe first is five-year/five-year breakeven inflation expectations, based on the pricing of Treasury Inflation Protected Securities (TIPS). This is the market’s forecast for average inflation over five years in five years’ time. It tells us that investors expect inflation will average 2.17% in the five years from late 2026 to late 2031. The TIPS yields are based on the CPI, while the Fed targets inflation as measured by the personal consumption expenditure (PCE) deflator. The two move together over time, but CPI inflation is generally around 0.25% higher than PCE inflation. A breakeven rate of 2.75% would suggest the market sees PCE inflation above 2.5% in five years’ time. Market inflation expectations are currently comfortably below the Fed’s worry point.\nWATCHPOINT INDICATOR #1: U.S. 5-YEAR/5-YEAR BREAKEVEN INFLATION RATE\n\nThe second indicator is the Atlanta Fed’s Wage Growth Tracker, and this has a less-comforting message about inflation risks. It reached 3.9% in August, which isclose to the 4% thresholdwhere we judge that the Fed will become concerned about the inflationary impact on the growth of wages. A breakdown shows that the spike has been mostly driven by wages for low-skilled, young people in the leisure and hospitality industry. This suggests the surge has been caused by temporary labor supply shortages and that wage pressures should subside as economic activity normalizes. This indicator, however, will be an important watchpoint over the next few months.\nWATCHPOINT INDICATOR #2: ATLANTA FED WAGE GROWTH TRACKER\n\nReopening trade still makes sense\nThe reopening trade, which lifts long-term interest rates and favors cyclical and value stocks over technology and growth stocks, worked well for several months following the vaccine announcement last November. Value outperformed growth and yield curves steepened. The trade has reversed in recent months, however, amid fears that the delta variant might derail the economic recovery. The impact has been magnified by short covering in bond markets as investors, who have been short or underweight, have been forced by the rally to buy back into the market, pushing bond yields even lower.\nThe reopening trade should resume in coming months. The cyclical stocks that comprise the value factor are reporting stronger earnings upgrades than technology-heavy growth stocks, and the value factor is cheap compared to the growth factor. Financial stocks comprise the largest sector in the MSCI World Value Index, and they should benefit from further yield-curve steepening, which boosts the profitability of banks. Long-term interest rates should rise as global growth remains above trend, delta-variant fears fade, the short squeeze unwinds and central banks begin tapering back on bond purchases.\nThe rotation in economic growth leadership away from the United States should also help the reopening trade. The rest of the world is overweight cyclical value stocks relative to the U.S., which has a higher weight to technology stocks.\nEmerging market (EM) equities have been poor performers since the vaccine announcement, but there are some encouraging signs. Initially, they were held back by the exposure to technology stocks in the MSCI Emerging Markets Index and the slow rollout of COVID-19 vaccines. More recently, they have come under pressure from the slowdown in the Chinese economy and theregulatory crackdown on Chinese tech companies. The vaccine rollout across emerging markets has accelerated and policy easing in China should soon improve the growth outlook. The path of Chinese regulation is harder to predict, but it is now largely priced in, with Chinese technology companies underperforming their global peers by nearly 50% from February 2021 through mid-September.\nThe resumption of the reopening trade should also result in U.S. dollar weakness. The U.S. Dollar Index (DXY) has traded sideways since the vaccine announcement. It should weaken once investors have confidence that delta-variant risks are subsiding and realize that the Fed is likely to remain dovish as inflation risks decline. The dollar typically gains during global downturns and declines in the recovery phase. Dollar weakness should support the performance of non-U.S. markets, particularly emerging markets.\nRisks: variants, inflation, China weakness\nThe key risk is that the delta variant or similar proves resilient to vaccination or that infection rates escalate during the Northern Hemisphere winter. The evidence so far is that vaccinations are highly effective in preventing serious illness. In Israel, booster shots appear to have slowed the rate of new cases.\nAnother watchpoint is inflation and the response of central banks. Our expectation is that this year’s inflation spike is mostly transitory and that the major central banks, led by the Fed, are still two years from raising interest rates.\nFinally, there is the risk of a sharper-than-expected slowdown in China.Credit growth has slowed this yearand the purchasing managers’ indexes (PMI) have trended lower. Monetary and fiscal policy have been eased, however, and senior officials have signaled that more stimulus is on the way. China policy direction and credit trends will be an important watchpoint over coming months.\nRegional snapshotsUnited States\nThe U.S. economy is likely to sustain above-trend growth into 2022. However, the easiest gains appear in the rear-view mirror at the end of the third quarter as the recovery phase of the business cycle matures. This is most visible for corporate earnings, where S&P 500® Index earnings-per-share already sit 20% above their previous cyclical high.\nStrong fundamentals have helped power the stock market to new highs. Early evidence that the delta-variant wave may be fading and the potential for greater vaccine access for children are positives for a more complete recovery in the quarters ahead. The Fedlooks poised to start tapering its asset purchasesaround the end of 2021. The timing of the first rate hike will then hinge on what happens to inflation next year. Our models suggest that inflation is likely to drop back below the Fed’s 2% target in 2022. If that is correct, the Fed is likely to remain on hold into the second half of 2023.\nWage inflation is a key risk to this view. It is running unusually strong for this stage of the cycle, and record hiring intentions from businesses could exhaust spare capacity in the year ahead. We expect the 10-year U.S. Treasury yield to rise moderately from 1.37% in mid-September to 1.75% in coming months.\nFiscal stimulus negotiations continue to grab headlines in Washington, D.C. Thetax provisions in these billsare likely to be the most impactful for financial markets. We estimate thathigher corporate taxescould subtract about four percentage points from S&P 500 earnings growth in 2022. This could create volatility and opportunity in markets. Given our strong cyclical outlook, our bias continues to be arisk-onpreference for equities over bonds for the medium-term.\nEurozone\nEuro area growthslowed through the third quarter but looks on track for a return to above-trend growth over the fourth quarter and into 2022. Vaccination rates are high, and the euro area has more catch-up potential than other major economies, particularly the United States. The euro area is also set to receive more fiscal support than other regions, with the European Union’s pandemic recovery fund only just starting to disburse stimulus, which will provide significant support in southern Europe. Polls in advance of Germany’s federal election on Sept. 26 suggested the electorate was moving toward the political left, which means the new government is likely to support expansionary fiscal policy and a continued dovish stance by the European Central Bank (ECB).\nThe MSCI EMU Index, which reflects the European Economic and Monetary Union, has performed broadly in line with the S&P 500 so far in 2021. We think it has potential to outperform in coming quarters. Europe’s exposure to financials and cyclically sensitive sectors such as industrials, materials and energy, and its relatively small exposure to technology, gives it the potential to outperform as delta-variant fears subside, economic activity picks up and yield curves in Europe steepen.\nUnited Kingdom\nAs of mid-year, UK GDP was still nearly 4.5% below its pre-pandemic peak. We see plenty of scope for strong catch-up growth as borders are fully reopened and activity normalizes. Supply bottlenecks and labor shortages have triggered a sharp rise in underlying inflation and created concerns that the Bank of England (BoE) may start rate hikes in the first half of 2022. We think the BoE is unlikely to be that aggressive. We expect inflation to decline in early 2022 as supply constraints ease, which should convince the BoE to delay rate hikes.\nThe FTSE 100 Index is the cheapest of the major developed equity markets in late 2021, and this should help it reflect higher returns than other markets over the next decade. Around 70% of UK corporate earnings come from offshore, so one near-term risk is that further strengthening of British sterling dampens earnings growth. The other risks are mostly around policy missteps, for example, early tightening by the Bank of England.\nJapan\nThe Japanese economy is expected to get a shot in the arm as rising vaccination rates improve mobility and reduce the risk of further lockdowns, and as political leadership changes result in more fiscal stimulus: the Japanese election is due to be held before Nov. 28. Japanese equities look slightly more expensive than other regions such as the UK and Europe. We maintain our view that the Bank of Japan will significantly lag other central banks in normalizing policy.\nChina\nWe expect Chinese economic growth to berobust over the next 12 months, supported by a post-lockdown jump in consumer spending and incremental fiscal and monetary easing. Despite a big improvement in vaccination rates,COVID-19 outbreaks remain a riskgiven the Chinese government’s zero-tolerance approach. The major consumer technology companies have seen significant drops in stock prices recently due to more aggressive regulation. Some uncertainty remains around thepath of future regulation, especially as it relates to technology companies, and as a result we expect investors will remain cautious on Chinese equities in the coming months. The property market, particularly property developers as recently highlighted by Evergrande’s debt crisis, remains a risk that we are monitoring closely.\nCanada\nCanada leads the G71countries in terms of the vaccination rollout, which should minimize the risk of large-scale lockdowns over winter. The delta variant has taken an economic toll, however, with industry consensus projections now predicting 5% GDP growth in 2021 versus estimates of more than 6% just three months ago. Even so, growth remains above-trend and the odds of additional fiscal expenditures to support the economy have increased. This means that weaker growth due to COVID-19 is unlikely to change the Bank of Canada's (BoC) tightening bias.\nTapering of asset purchasesshould be complete by the end of the first quarter of 2022. BoC Governor Tiff Macklem has indicated that the reinvestment phase of the bonds held by the central bank will commence once quantitative easing has ended. This should generate an estimated C$1 billion in weekly bond purchases, down from the current pace of C$2 billion. The BoC will likely only consider shrinking its balance sheet after it has started lifting interest rates. The BoC projects that the output gap will close sometime over the second half of 2022, and that rate hikes will be considered after economic slack has disappeared. We believe that the timeline may be a tad aggressive, and a delay to 2023 for liftoff is more likely. This would better align the Canadian central bank with its American counterpart.\nAustralia/New Zealand\nThe Australian economy is set to return to life, with lockdowns likely to be eased in October and November. Consumer and business balance sheets continue to look healthy, which should facilitate a strong recovery. The reopening of the international border in 2022 will provide a further boost. Fiscal policy has supported the economy through the downturn, and there is potential for further stimulus in the lead-up to the federal election, which is due before the end of 2022. The Reserve Bank of Australia has begun the process of tapering its bond-purchase program, but we expect that a rise in the cash rate is unlikely until at least the second half of 2023.\nNew Zealand’s most recent lockdown will drag on Q3 GDP, but similar to Australia, we expect a solid rebound as the economy reopens. The government aims to provide a vaccine to all adults by the end of 2021, after which borders will gradually reopen. This will provide a boost, particularly to tourism-exposed sectors. Despite having recently put off hiking interest rates due to the recent lockdown, we expect the Reserve Bank of New Zealand will start raising rates this year. Even though they have significantly underperformed global equities this year, New Zealand equities still screen as relatively expensive compared to other regions.\nAsset-class preferences\nOur cycle, value and sentiment investment decision-making process in late September 2021 has a moderately positive medium-term view on global equities. Value is expensive across most markets except for UK equities, which are near fair value. The cycle is risk-asset supportive for the medium-term. The major economies still have spare capacity and inflation pressures appear transitory, caused by COVID-19-related supply shortages. Rate hikes by the U.S. Fed seem unlikely before the second half of 2023. Sentiment, after reaching overbought levels earlier in the year, has returned to more neutral levels.\nCOMPOSITE CONTRARIAN INDICATOR: SENTIMENT SHIFTS TOWARD NEUTRAL\n\n\nWe prefernon-U.S. equitiesto U.S. equities. Stronger economic growth and steeper yield curves after the third-quarter slowdown should favor undervalued cyclical value stocks over expensive technology and growth stocks. Relative to the U.S., the rest of the world is overweight cyclical value stocks.\nEmerging markets equitieshave been relatively poor performers this year, but there are some encouraging signs. The vaccine rollout across EM has accelerated and policy easing in China should soon boost the economic growth outlook.China’s regulatory crackdownhas caused significant underperformance by Chinese technology companies, but this should be less of a headwind going forward now that it is priced in.\nHigh yieldandinvestment grade creditare expensive on a spread basis but have support from a positive cycle view that accommodates corporate profit growth and keeps default rates low. U.S. dollar-denominatedemerging markets debtis close to fair value in spread terms and will gain support on U.S. dollar weakness.\nGovernment bondsare expensive, and yields should come under upward pressure as output gaps close and central banks look to taper back asset purchases. We expect the 10-year U.S. Treasury yield to rise toward 1.75% in coming months.\nReal assets: Real Estate Investment Trusts (REITs) have significantly outperformed Global Listed Infrastructure (GLI) so far this year, to the extent that REITS are now expensive relative to GLI. Both should benefit from the pandemic recovery, but GLI has some catch-up potential. GLI should benefit from the global re-opening boosting domestic and international travel.Commoditieshave been the best-performing asset class this year amid strong demand and supply bottlenecks. The gains have been led by industrial metals and energy. The pace of increase should ease as supply issues are resolved, butcommodities should retain supportfrom above-trend global demand.\nTheU.S. dollarhas been supported this year by expectations for early Fed tightening and U.S. economic growth leadership. It should weaken as global growth leadership rotates away from the U.S. and toward Europe and other developed economies. The dollar typically gains during global downturns and declines in the recovery phase. The main beneficiary is likely to be theeuro, which is still undervalued. We also believeBritish sterlingand the economically sensitivecommodity currencies—theAustralian dollar, theNew Zealand dollarand theCanadian dollar—can make further gains, although these currencies are not undervalued from a longer-term perspective.\n\nASSET PERFORMANCE SINCE THE BEGINNING OF 2021\n\n1The Group of Seven is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.\nImportant Information\nThe views in this Global Market Outlook report are subject to change at any time based upon market or other conditions and are current as of September 27, 2021. While all material is deemed to be reliable, accuracy and completeness cannot be guaranteed.\nPlease remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.\nKeep in mind that, like all investing, multi-asset investing does not assure a profit or protect against loss.\nNo model or group of models can offer a precise estimate of future returns available from capital markets. We remain cautious that rational analytical techniques cannot predict extremes in financial behavior, such as periods of financial euphoria or investor panic. Our models rest on the assumptions of normal and rational financial behavior. Forecasting models are inherently uncertain, subject to change at any time based on a variety of factors and can be inaccurate. Russell believes that the utility of this information is highest in evaluating the relative relationships of various components of a globally diversified portfolio. As such, the models may offer insights into the prudence of over or under weighting those components from time to time or under periods of extreme dislocation. The models are explicitly not intended as market timing signals.\nForecasting represents predictions of market prices and/or volume patterns utilizing varying analytical data. It is not representative of a projection of the stock market, or of any specific investment.\nInvestment in global, international or emerging markets may be significantly affected by political or economic conditions and regulatory requirements in a particular country. Investments in non-U.S. markets can involve risks of currency fluctuation, political and economic instability, different accounting standards and foreign taxation. Such securities may be less liquid and more volatile. Investments in emerging or developing markets involve exposure to economic structures that are generally less diverse and mature, and political systems with less stability than in more developed countries.\nCurrency investing involves risks including fluctuations in currency values, whether the home currency or the foreign currency. They can either enhance or reduce the returns associated with foreign investments.\nInvestments in non-U.S. markets can involve risks of currency fluctuation, political and economic instability, different accounting standards and foreign taxation.\nBond investors should carefully consider risks such as interest rate, credit, default and duration risks. Greater risk, such as increased volatility, limited liquidity, prepayment, non-payment and increased default risk, is inherent in portfolios that invest in high yield (“junk”) bonds or mortgage-backed securities, especially mortgage-backed securities with exposure to sub-prime mortgages. Generally, when interest rates rise, prices of fixed income securities fall. Interest rates in the United States are at, or near, historic lows, which may increase a Fund’s exposure to risks associated with rising rates. Investment in non-U.S. and emerging market securities is subject to the risk of currency fluctuations and to economic and political risks associated with such foreign countries.\nPerformance quoted represents past performance and should not be viewed as a guarantee of future results.\nThe FTSE 100 Index is a market-capitalization weighted index of UK-listed blue chip companies.\nThe S&P 500® Index, or the Standard & Poor’s 500, is a stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.\nThe MSCI EMU Index (European Economic and Monetary Union) captures large and mid cap representation across the 10 developed markets countries in the EMU. With 246 constituents, the index covers approximately 85% of the free float-adjusted market capitalization of the EMU.\nIndexes are unmanaged and cannot be invested in directly.\nCopyright © Russell Investments 2021. All rights reserved. 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The general information contained on this website should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. Persons outside the United States may find more information about products and services available within their jurisdictions by going to Russell Investments' Worldwide site.\nRussell Investments is committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone, and applying the relevant accessibility standards.\nRussell Investments' ownership is composed of a majority stake held by funds managed by TA Associates, with a significant minority stake held by funds managed by Reverence Capital Partners. Russell Investments' employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":823402043,"gmtCreate":1633652371765,"gmtModify":1633657965247,"author":{"id":"3579310238184228","authorId":"3579310238184228","name":"rossannathom","avatar":"https://static.tigerbbs.com/fee5c4cb302a57e628de9da574d73fff","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"May it shoot faster","listText":"May it shoot faster","text":"May it shoot faster","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/823402043","repostId":"1163018074","repostType":4,"repost":{"id":"1163018074","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":1633646971,"share":"https://www.laohu8.com/m/news/1163018074?lang=&edition=full","pubTime":"2021-10-08 06:49","market":"us","language":"en","title":"Wall Street ends day with solid gains; investors hail U.S. debt-ceiling truce","url":"https://stock-news.laohu8.com/highlight/detail?id=1163018074","media":"Reuters","summary":"U.S. Senate rushes to advance $480 bln debt-limit increase\nU.S. weekly jobless claims fall sharply\nC","content":"<ul>\n <li>U.S. Senate rushes to advance $480 bln debt-limit increase</li>\n <li>U.S. weekly jobless claims fall sharply</li>\n <li>Consumer discretionary and materials lead sectors</li>\n <li>Levi Strauss shares soar after profit beat</li>\n <li>Indexes jump: Dow 0.98%, S&amp;P 0.83%, Nasdaq 1.05%</li>\n</ul>\n<p>Oct 7 (Reuters) - Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month.</p>\n<p>Mega-cap stocks jumped with Apple Inc&nbsp;up 0.9% and Amazon.com Inc&nbsp;rising 1.2%, the biggest boosts to the S&amp;P 500 and Nasdaq. Tesla&nbsp;and Google-parent Alphabet&nbsp;both rose more than 1%.</p>\n<p>The U.S. Senate took a step toward passing a $480 billion increase in Treasury Department borrowing authority, which would put off another partisan showdown until December.</p>\n<p>Uncertainty over the debt-ceiling negotiations was one concern investors cited in September as the S&amp;P 500 logged its biggest monthly percentage drop since the onset of the coronavirus pandemic in March 2020.</p>\n<p>\"Today's (market) is driven by a slight move in Washington towards rationality about being able to pay their bills, write some checks,\" said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh.</p>\n<p>Meanwhile, data showed the number of Americans filing new claims for jobless benefits dropped last week by the most in three months, suggesting the labor market recovery was regaining momentum as the latest wave of COVID-19 infections began to subside.</p>\n<p>The closely watched monthly U.S. jobs report is due on Friday.</p>\n<p>“Today’s numbers reinforce the expectation that employment will take a significant step up in the coming months, and I think that’s positive for the economy,” said Brad Neuman, director of market strategy at Alger.</p>\n<p>\"The market climbed its wall of worry today as fears of a debt-ceiling impasse receded and hopes for an acceleration in employment gains were reinforced.”</p>\n<p>The Dow Jones Industrial Average&nbsp;rose 0.98% to end at 34,754.94 points, while the S&amp;P 500&nbsp;gained 0.83% to 4,399.76.</p>\n<p>The Nasdaq Composite&nbsp;climbed 1.05% to 14,654.02.</p>\n<p>The S&amp;P 500 materials index&nbsp;jumped 1.35% and the consumer discretionary index&nbsp;rallied 1.50%, both leading among 11 sectors.</p>\n<p>U.S.-traded Chinese stocks Alibaba Group Holding&nbsp;and Tencent Holdings&nbsp;each surged about 8% as concerns around U.S.-Sino trade relations and Evergrande's&nbsp;debt crisis appeared to ease.</p>\n<p>Investors will watch third-quarter earnings reports that start to arrive in earnest next week. Analysts on average estimate S&amp;P 500 companies' earnings per share rose 29% in the third quarter, according to Refinitiv.</p>\n<p>Levi Strauss &amp; Co&nbsp;shares jumped 8.5% after the jeans maker beat third-quarter revenue and profit estimates.</p>\n<p>Volume on U.S. exchanges was 10.1 billion shares, compared with the 11 billion average over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.50-to-1 ratio; on Nasdaq, a 2.49-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 31 new 52-week highs and four new lows; the Nasdaq Composite recorded 93 new highs and 80 new lows.</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>Wall Street ends day with solid gains; investors hail U.S. debt-ceiling truce</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\">\nWall Street ends day with solid gains; investors hail U.S. debt-ceiling truce\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\">2021-10-08 06:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>U.S. Senate rushes to advance $480 bln debt-limit increase</li>\n <li>U.S. weekly jobless claims fall sharply</li>\n <li>Consumer discretionary and materials lead sectors</li>\n <li>Levi Strauss shares soar after profit beat</li>\n <li>Indexes jump: Dow 0.98%, S&amp;P 0.83%, Nasdaq 1.05%</li>\n</ul>\n<p>Oct 7 (Reuters) - Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month.</p>\n<p>Mega-cap stocks jumped with Apple Inc&nbsp;up 0.9% and Amazon.com Inc&nbsp;rising 1.2%, the biggest boosts to the S&amp;P 500 and Nasdaq. Tesla&nbsp;and Google-parent Alphabet&nbsp;both rose more than 1%.</p>\n<p>The U.S. Senate took a step toward passing a $480 billion increase in Treasury Department borrowing authority, which would put off another partisan showdown until December.</p>\n<p>Uncertainty over the debt-ceiling negotiations was one concern investors cited in September as the S&amp;P 500 logged its biggest monthly percentage drop since the onset of the coronavirus pandemic in March 2020.</p>\n<p>\"Today's (market) is driven by a slight move in Washington towards rationality about being able to pay their bills, write some checks,\" said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh.</p>\n<p>Meanwhile, data showed the number of Americans filing new claims for jobless benefits dropped last week by the most in three months, suggesting the labor market recovery was regaining momentum as the latest wave of COVID-19 infections began to subside.</p>\n<p>The closely watched monthly U.S. jobs report is due on Friday.</p>\n<p>“Today’s numbers reinforce the expectation that employment will take a significant step up in the coming months, and I think that’s positive for the economy,” said Brad Neuman, director of market strategy at Alger.</p>\n<p>\"The market climbed its wall of worry today as fears of a debt-ceiling impasse receded and hopes for an acceleration in employment gains were reinforced.”</p>\n<p>The Dow Jones Industrial Average&nbsp;rose 0.98% to end at 34,754.94 points, while the S&amp;P 500&nbsp;gained 0.83% to 4,399.76.</p>\n<p>The Nasdaq Composite&nbsp;climbed 1.05% to 14,654.02.</p>\n<p>The S&amp;P 500 materials index&nbsp;jumped 1.35% and the consumer discretionary index&nbsp;rallied 1.50%, both leading among 11 sectors.</p>\n<p>U.S.-traded Chinese stocks Alibaba Group Holding&nbsp;and Tencent Holdings&nbsp;each surged about 8% as concerns around U.S.-Sino trade relations and Evergrande's&nbsp;debt crisis appeared to ease.</p>\n<p>Investors will watch third-quarter earnings reports that start to arrive in earnest next week. Analysts on average estimate S&amp;P 500 companies' earnings per share rose 29% in the third quarter, according to Refinitiv.</p>\n<p>Levi Strauss &amp; Co&nbsp;shares jumped 8.5% after the jeans maker beat third-quarter revenue and profit estimates.</p>\n<p>Volume on U.S. exchanges was 10.1 billion shares, compared with the 11 billion average over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.50-to-1 ratio; on Nasdaq, a 2.49-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 31 new 52-week highs and four new lows; the Nasdaq Composite recorded 93 new highs and 80 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","LEVI":"李维斯","AAPL":"苹果","TSLA":"特斯拉","TCEHY":"腾讯控股ADR","AMZN":"亚马逊","BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163018074","content_text":"U.S. Senate rushes to advance $480 bln debt-limit increase\nU.S. weekly jobless claims fall sharply\nConsumer discretionary and materials lead sectors\nLevi Strauss shares soar after profit beat\nIndexes jump: Dow 0.98%, S&P 0.83%, Nasdaq 1.05%\n\nOct 7 (Reuters) - Wall Street ended sharply higher on Thursday in a broad-based rally led by Big Tech, as a truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month.\nMega-cap stocks jumped with Apple Inc up 0.9% and Amazon.com Inc rising 1.2%, the biggest boosts to the S&P 500 and Nasdaq. Tesla and Google-parent Alphabet both rose more than 1%.\nThe U.S. Senate took a step toward passing a $480 billion increase in Treasury Department borrowing authority, which would put off another partisan showdown until December.\nUncertainty over the debt-ceiling negotiations was one concern investors cited in September as the S&P 500 logged its biggest monthly percentage drop since the onset of the coronavirus pandemic in March 2020.\n\"Today's (market) is driven by a slight move in Washington towards rationality about being able to pay their bills, write some checks,\" said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh.\nMeanwhile, data showed the number of Americans filing new claims for jobless benefits dropped last week by the most in three months, suggesting the labor market recovery was regaining momentum as the latest wave of COVID-19 infections began to subside.\nThe closely watched monthly U.S. jobs report is due on Friday.\n“Today’s numbers reinforce the expectation that employment will take a significant step up in the coming months, and I think that’s positive for the economy,” said Brad Neuman, director of market strategy at Alger.\n\"The market climbed its wall of worry today as fears of a debt-ceiling impasse receded and hopes for an acceleration in employment gains were reinforced.”\nThe Dow Jones Industrial Average rose 0.98% to end at 34,754.94 points, while the S&P 500 gained 0.83% to 4,399.76.\nThe Nasdaq Composite climbed 1.05% to 14,654.02.\nThe S&P 500 materials index jumped 1.35% and the consumer discretionary index rallied 1.50%, both leading among 11 sectors.\nU.S.-traded Chinese stocks Alibaba Group Holding and Tencent Holdings each surged about 8% as concerns around U.S.-Sino trade relations and Evergrande's debt crisis appeared to ease.\nInvestors will watch third-quarter earnings reports that start to arrive in earnest next week. Analysts on average estimate S&P 500 companies' earnings per share rose 29% in the third quarter, according to Refinitiv.\nLevi Strauss & Co shares jumped 8.5% after the jeans maker beat third-quarter revenue and profit estimates.\nVolume on U.S. exchanges was 10.1 billion shares, compared with the 11 billion average over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.50-to-1 ratio; on Nasdaq, a 2.49-to-1 ratio favored advancers.\nThe S&P 500 posted 31 new 52-week highs and four new lows; the Nasdaq Composite recorded 93 new highs and 80 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":864932641,"gmtCreate":1633048081176,"gmtModify":1633048081320,"author":{"id":"3579310238184228","authorId":"3579310238184228","name":"rossannathom","avatar":"https://static.tigerbbs.com/fee5c4cb302a57e628de9da574d73fff","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Whoa nice&nbsp;","listText":"Whoa nice&nbsp;","text":"Whoa nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/864932641","repostId":"1168677677","repostType":4,"repost":{"id":"1168677677","pubTimestamp":1633045561,"share":"https://www.laohu8.com/m/news/1168677677?lang=&edition=full","pubTime":"2021-10-01 07:46","market":"us","language":"en","title":"Biden signs temporary funding bill to prevent government shutdown","url":"https://stock-news.laohu8.com/highlight/detail?id=1168677677","media":"cnbc","summary":"KEY POINTS\n\nCongress prevented a government shutdown before a midnight Thursday deadline.\nPresident ","content":"<div>\n<p>KEY POINTS\n\nCongress prevented a government shutdown before a midnight Thursday deadline.\nPresident Joe Biden signed a bill that funds the government through Dec. 3.\nPassing a funding plan will ...</p>\n\n<a href=\"https://www.cnbc.com/2021/09/30/government-shutdown-congress-moves-to-pass-funding-bill.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Biden signs temporary funding bill to prevent government shutdown</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\">\nBiden signs temporary funding bill to prevent government shutdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-01 07:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/09/30/government-shutdown-congress-moves-to-pass-funding-bill.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCongress prevented a government shutdown before a midnight Thursday deadline.\nPresident Joe Biden signed a bill that funds the government through Dec. 3.\nPassing a funding plan will ...</p>\n\n<a href=\"https://www.cnbc.com/2021/09/30/government-shutdown-congress-moves-to-pass-funding-bill.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/09/30/government-shutdown-congress-moves-to-pass-funding-bill.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1168677677","content_text":"KEY POINTS\n\nCongress prevented a government shutdown before a midnight Thursday deadline.\nPresident Joe Biden signed a bill that funds the government through Dec. 3.\nPassing a funding plan will resolve one crisis while lawmakers try to deal with another: a looming threat of default unless Congress raises or suspends the debt ceiling.\n\nCongress avoided a government shutdown Thursday hours before funding would have lapsed.\nPresident Joe Biden signed a short-term appropriations bill that will keep the government running through Dec. 3. Washington had to beat a midnight Thursday deadline to prevent a shutdown of some federal operations.\nThe Senate and House approved the funding legislation earlier Thursday. The Senate passed it in a 65-35 vote as all 50 Democrats backed it and 15 Republicans joined them.\nThe House passed the bill by a 254-175 margin. Every Democratic representative and 34 Republicans supported it.\nThe so-called continuing resolution will set spending at current levels into December while lawmakers hash out a full-year funding plan. The legislation includes money for hurricane relief and the resettlement of Afghan refugees.\n“This is a good outcome, one I’m happy we are getting done,” Schumer said before the Senate vote.\nA government shutdown could have led to furloughs of federal workers and the suspension of certain services. A funding lapse could have posed particular challenges during U.S. efforts to fight the coronavirus pandemic — though the Biden administration has said a shutdown would have little effect on public health functions.\nCongress was set to snuff out one possible crisis Thursday but has another looming. Lawmakers still need to raise or suspend the debt ceiling before Oct. 18 to prevent a possible default on U.S. debt that would result in job losses, economic damage and a drop in the stock market.\nDemocrats, who control both chambers of Congress, tried to fund the government and suspend the debt ceiling as part of the same bill. Senate Republicans blocked the legislation, even thoughextending the ceiling doesn’t authorize new spending. Approval would let the Treasury to cover its existing obligations.\nSenate Minority Leader Mitch McConnell, R-Ky., repeatedly said his party would vote for a funding bill without a suspension of the debt ceiling.","news_type":1},"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":867984403,"gmtCreate":1633187417239,"gmtModify":1633187417409,"author":{"id":"3579310238184228","authorId":"3579310238184228","name":"rossannathom","avatar":"https://static.tigerbbs.com/fee5c4cb302a57e628de9da574d73fff","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wow!&nbsp;","listText":"Wow!&nbsp;","text":"Wow!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/867984403","repostId":"2172196180","repostType":4,"repost":{"id":"2172196180","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1633144680,"share":"https://www.laohu8.com/m/news/2172196180?lang=&edition=full","pubTime":"2021-10-02 11:18","market":"us","language":"en","title":"Disney is eliminating a beloved free perk at its U.S. theme parks","url":"https://stock-news.laohu8.com/highlight/detail?id=2172196180","media":"Dow Jones","summary":"A new trip-planning service called Disney Genie will help visitors at Walt Disney World and Disneyla","content":"<p>A new trip-planning service called Disney Genie will help visitors at Walt Disney World and Disneyland avoid spending too much time in lines.</p>\n<p>Cutting the line at your favorite Disney theme park attractions is now going to cost you.</p>\n<p>Disney <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> is set to roll out a new planning service, called Disney Genie, for visitors to its theme parks in California and Florida, designed to help guests avoid spending too much time in long lines. The Disney Genie service will be introduced to Walt Disney World in Florida and Disneyland in California this fall.</p>\n<p>As part of the change, a new, paid program is set to replace the free FastPass program at the theme parks.</p>\n<p>FastPass was first introduced in 1999, and it essentially allowed visitors to Walt Disney World and Disneyland to skip the stand-by lines at popular attractions for free. In reality, FastPass was a virtual queue system: Guests would get a ticket they could use at a reserved time to bypass the regular stand-by line, but essentially they were waiting in a virtual line.</p>\n<p>Now to take advantage of those same perks, Disney theme park visitors will have to pay as much as $80 per day for a family of four.</p>\n<p>\"While the FASTPASS, FastPass+ and Disney MaxPass services will be retired, we're incredible excited about the flexibility and choices Disney Genie service provides,\" the company said in a blog post announcing the changes.</p>\n<p>Here's what Disney theme park travelers need to know:</p>\n<p>Say hello to Genie+ and Lightning Lanes</p>\n<p>There will be an optional, paid add-on to the standard Disney Genie service, called Genie+, that will enable Disney theme park visitors to skip the stand-by lines at popular attractions. At Disney World, the service will cost $15 per day per person, while at Disneyland it will cost $20 per day per person.</p>\n<p>There will be more than 40 attractions available for Genie+ bookings at Walt Disney World, and more than 15 attractions at Disneyland. The list of attractions has not yet been released, but Disney said it will be similar to what was previously available through the old FastPass system.</p>\n<p>The FastPass lines at popular attractions will be known as Lightning Lanes. To skip the line, guests will need to reserve a time using the Disney Genie mobile app. They will be able to start making reservations beginning at 7 a.m. the day of their visit to a Walt Disney World park or when the parks open at Disneyland.</p>\n<p>Guests will be allowed to have <a href=\"https://laohu8.com/S/AONE.U\">one</a> Genie+ reservation at a time -- once a reservation is used, they will be able to make another. Visitors who visit more than one Disney park in a day will be able to use Genie+ at any park they visit.</p>\n<p>The Genie+ program will come with some perks. At Disneyland, guests who purchase Genie+ will also get complimentary downloads of pictures taken through PhotoPass, such as photos taken on rides. At Walt Disney World, Genie+ purchasers will be able to try out augmented reality technology on their phones. The service also comes with complimentary audio experiences at both the California and Florida resorts.</p>\n<p>Skipping the line on some rides is going to cost people extra -- even if they purchase Genie+</p>\n<p>The most popular attractions at Disney theme parks won't be part of Genie+. To skip the lines for these, visitors will need to pay separately, though Disney has not yet said how much the perk will cost.</p>\n<p>This will be the case for up to two attractions at each park. Disney has not yet released a full list of which attractions this will be the case for, but examples they cited include the upcoming Remy's Ratatouille adventure at Epcot, Radiator Springs Racers at Disney California Adventure, Seven Dwarfs Mine Train at Magic Kingdom and Star Wars: Rise of the Resistance at Disney's Hollywood Studios and Disneyland.</p>\n<p>These reservations will be able to be booked starting at 7 a.m. for visitors staying at Walt Disney World hotels. Other visitors at Walt Disney World, and everyone visiting Disneyland, will otherwise be able to make to reservations when the parks open each day.</p>\n<p>As with the rides on Genie+, traditional stand-by lines (or virtual queues) will be available for guests who don't wish to pay for the upgrade. Guests can also purchase Lightning Lane access for these rides and forego Genie+ if they so choose.</p>\n<p>Some travel experts believe that the added cost of these perks, which were essentially free in the past, could upset some guests, including annual passholders. The cost of Genie+ is comparable to the cost of MaxPass, a paid FastPass program that was introduced at Disneyland Resort in recent years.</p>\n<p>\"If you're already paying $150 a day to get into the park, to tell somebody that you've got to pay another $100 for your family to get on the best rides in the park -- that's going to be a hard message to sell,\" said Len Testa, president of travel website Touring Plans.</p>\n<p>The calculus for families could come down to the value of paying for the ability to skip lines -- and that will depend on ride capacity. People with Genie+ reservations will have priority over people in the regular stand-by line. If Disney chooses to allow up to 70% of a ride's capacity to be set aside for Genie+, that could make it a better value, since that would means longer stand-by lines. (The company said that how the capacity divvies up will be similar to what was in place with the previous FastPass programs.)</p>\n<p>\"This shouldn't be that bad because fewer people are going to use paid Fast Pass than they would free Fast Pass,\" Testa said. \"If they charge $20 per FastPass, relatively few people are going to buy that. So, it won't impact the standby line as much.\"</p>\n<p>'This is something that will be copied and passed around'</p>\n<p>Even for visitors who decide against paying to skip lines, Disney argues that the new Disney Genie service will help them avoid spending too much time just waiting in lines.</p>\n<p>The new service takes advantage of machine learning technology and algorithms to track where crowds are in the theme parks and then make recommendations to visitors. Visitors can select in advance which attractions they most want to visit, and it will notify them of when they should head to that ride based on the wait times in the park. Guests will also be able to check forecasts for wait times on rides for later in the day based on crowd sizes.</p>\n<p>The Disney Genie services will be built into the existing apps for Disneyland and Walt Disney World. In addition to tracking ride wait times, the app can also be used to make dining reservations at table-service restaurants or for mobile ordering at counter-service eateries. It can then give recommendations of rides nearby with low wait times to visit before or after a meal.</p>\n<p>\"It's going to be revolutionary for the theme park industry,\" said Dennis Spiegel, president of industry consulting firm International Theme Park Services Inc. \"This is something that will be copied and passed along to all the operators.\"</p>\n<p>To Spiegel, the service will allow people to be more spontaneous when they visit a theme park and have to do less advance planning than they once did. Plus, the way that algorithms will track and predict crowd sizes and wait times will give visitors more control over their experience, he argues.</p>\n<p>\"This is going to allow people to move smoother through their visit,\" Spiegel said. \"And it's going to allow them to eat, drink and spend a little bit more -- which is going to be great for Disney -- because they're not waiting in line so long.\"</p>\n<p>Disney shares are down 4% this year to date, compared to a 14% gain for the Dow Jones Industrial Average and a 17% gain for the S&amp;P 500 Index .</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>Disney is eliminating a beloved free perk at its U.S. theme parks</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\">\nDisney is eliminating a beloved free perk at its U.S. theme parks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-10-02 11:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>A new trip-planning service called Disney Genie will help visitors at Walt Disney World and Disneyland avoid spending too much time in lines.</p>\n<p>Cutting the line at your favorite Disney theme park attractions is now going to cost you.</p>\n<p>Disney <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> is set to roll out a new planning service, called Disney Genie, for visitors to its theme parks in California and Florida, designed to help guests avoid spending too much time in long lines. The Disney Genie service will be introduced to Walt Disney World in Florida and Disneyland in California this fall.</p>\n<p>As part of the change, a new, paid program is set to replace the free FastPass program at the theme parks.</p>\n<p>FastPass was first introduced in 1999, and it essentially allowed visitors to Walt Disney World and Disneyland to skip the stand-by lines at popular attractions for free. In reality, FastPass was a virtual queue system: Guests would get a ticket they could use at a reserved time to bypass the regular stand-by line, but essentially they were waiting in a virtual line.</p>\n<p>Now to take advantage of those same perks, Disney theme park visitors will have to pay as much as $80 per day for a family of four.</p>\n<p>\"While the FASTPASS, FastPass+ and Disney MaxPass services will be retired, we're incredible excited about the flexibility and choices Disney Genie service provides,\" the company said in a blog post announcing the changes.</p>\n<p>Here's what Disney theme park travelers need to know:</p>\n<p>Say hello to Genie+ and Lightning Lanes</p>\n<p>There will be an optional, paid add-on to the standard Disney Genie service, called Genie+, that will enable Disney theme park visitors to skip the stand-by lines at popular attractions. At Disney World, the service will cost $15 per day per person, while at Disneyland it will cost $20 per day per person.</p>\n<p>There will be more than 40 attractions available for Genie+ bookings at Walt Disney World, and more than 15 attractions at Disneyland. The list of attractions has not yet been released, but Disney said it will be similar to what was previously available through the old FastPass system.</p>\n<p>The FastPass lines at popular attractions will be known as Lightning Lanes. To skip the line, guests will need to reserve a time using the Disney Genie mobile app. They will be able to start making reservations beginning at 7 a.m. the day of their visit to a Walt Disney World park or when the parks open at Disneyland.</p>\n<p>Guests will be allowed to have <a href=\"https://laohu8.com/S/AONE.U\">one</a> Genie+ reservation at a time -- once a reservation is used, they will be able to make another. Visitors who visit more than one Disney park in a day will be able to use Genie+ at any park they visit.</p>\n<p>The Genie+ program will come with some perks. At Disneyland, guests who purchase Genie+ will also get complimentary downloads of pictures taken through PhotoPass, such as photos taken on rides. At Walt Disney World, Genie+ purchasers will be able to try out augmented reality technology on their phones. The service also comes with complimentary audio experiences at both the California and Florida resorts.</p>\n<p>Skipping the line on some rides is going to cost people extra -- even if they purchase Genie+</p>\n<p>The most popular attractions at Disney theme parks won't be part of Genie+. To skip the lines for these, visitors will need to pay separately, though Disney has not yet said how much the perk will cost.</p>\n<p>This will be the case for up to two attractions at each park. Disney has not yet released a full list of which attractions this will be the case for, but examples they cited include the upcoming Remy's Ratatouille adventure at Epcot, Radiator Springs Racers at Disney California Adventure, Seven Dwarfs Mine Train at Magic Kingdom and Star Wars: Rise of the Resistance at Disney's Hollywood Studios and Disneyland.</p>\n<p>These reservations will be able to be booked starting at 7 a.m. for visitors staying at Walt Disney World hotels. Other visitors at Walt Disney World, and everyone visiting Disneyland, will otherwise be able to make to reservations when the parks open each day.</p>\n<p>As with the rides on Genie+, traditional stand-by lines (or virtual queues) will be available for guests who don't wish to pay for the upgrade. Guests can also purchase Lightning Lane access for these rides and forego Genie+ if they so choose.</p>\n<p>Some travel experts believe that the added cost of these perks, which were essentially free in the past, could upset some guests, including annual passholders. The cost of Genie+ is comparable to the cost of MaxPass, a paid FastPass program that was introduced at Disneyland Resort in recent years.</p>\n<p>\"If you're already paying $150 a day to get into the park, to tell somebody that you've got to pay another $100 for your family to get on the best rides in the park -- that's going to be a hard message to sell,\" said Len Testa, president of travel website Touring Plans.</p>\n<p>The calculus for families could come down to the value of paying for the ability to skip lines -- and that will depend on ride capacity. People with Genie+ reservations will have priority over people in the regular stand-by line. If Disney chooses to allow up to 70% of a ride's capacity to be set aside for Genie+, that could make it a better value, since that would means longer stand-by lines. (The company said that how the capacity divvies up will be similar to what was in place with the previous FastPass programs.)</p>\n<p>\"This shouldn't be that bad because fewer people are going to use paid Fast Pass than they would free Fast Pass,\" Testa said. \"If they charge $20 per FastPass, relatively few people are going to buy that. So, it won't impact the standby line as much.\"</p>\n<p>'This is something that will be copied and passed around'</p>\n<p>Even for visitors who decide against paying to skip lines, Disney argues that the new Disney Genie service will help them avoid spending too much time just waiting in lines.</p>\n<p>The new service takes advantage of machine learning technology and algorithms to track where crowds are in the theme parks and then make recommendations to visitors. Visitors can select in advance which attractions they most want to visit, and it will notify them of when they should head to that ride based on the wait times in the park. Guests will also be able to check forecasts for wait times on rides for later in the day based on crowd sizes.</p>\n<p>The Disney Genie services will be built into the existing apps for Disneyland and Walt Disney World. In addition to tracking ride wait times, the app can also be used to make dining reservations at table-service restaurants or for mobile ordering at counter-service eateries. It can then give recommendations of rides nearby with low wait times to visit before or after a meal.</p>\n<p>\"It's going to be revolutionary for the theme park industry,\" said Dennis Spiegel, president of industry consulting firm International Theme Park Services Inc. \"This is something that will be copied and passed along to all the operators.\"</p>\n<p>To Spiegel, the service will allow people to be more spontaneous when they visit a theme park and have to do less advance planning than they once did. Plus, the way that algorithms will track and predict crowd sizes and wait times will give visitors more control over their experience, he argues.</p>\n<p>\"This is going to allow people to move smoother through their visit,\" Spiegel said. \"And it's going to allow them to eat, drink and spend a little bit more -- which is going to be great for Disney -- because they're not waiting in line so long.\"</p>\n<p>Disney shares are down 4% this year to date, compared to a 14% gain for the Dow Jones Industrial Average and a 17% gain for the S&amp;P 500 Index .</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2172196180","content_text":"A new trip-planning service called Disney Genie will help visitors at Walt Disney World and Disneyland avoid spending too much time in lines.\nCutting the line at your favorite Disney theme park attractions is now going to cost you.\nDisney $(DIS)$ is set to roll out a new planning service, called Disney Genie, for visitors to its theme parks in California and Florida, designed to help guests avoid spending too much time in long lines. The Disney Genie service will be introduced to Walt Disney World in Florida and Disneyland in California this fall.\nAs part of the change, a new, paid program is set to replace the free FastPass program at the theme parks.\nFastPass was first introduced in 1999, and it essentially allowed visitors to Walt Disney World and Disneyland to skip the stand-by lines at popular attractions for free. In reality, FastPass was a virtual queue system: Guests would get a ticket they could use at a reserved time to bypass the regular stand-by line, but essentially they were waiting in a virtual line.\nNow to take advantage of those same perks, Disney theme park visitors will have to pay as much as $80 per day for a family of four.\n\"While the FASTPASS, FastPass+ and Disney MaxPass services will be retired, we're incredible excited about the flexibility and choices Disney Genie service provides,\" the company said in a blog post announcing the changes.\nHere's what Disney theme park travelers need to know:\nSay hello to Genie+ and Lightning Lanes\nThere will be an optional, paid add-on to the standard Disney Genie service, called Genie+, that will enable Disney theme park visitors to skip the stand-by lines at popular attractions. At Disney World, the service will cost $15 per day per person, while at Disneyland it will cost $20 per day per person.\nThere will be more than 40 attractions available for Genie+ bookings at Walt Disney World, and more than 15 attractions at Disneyland. The list of attractions has not yet been released, but Disney said it will be similar to what was previously available through the old FastPass system.\nThe FastPass lines at popular attractions will be known as Lightning Lanes. To skip the line, guests will need to reserve a time using the Disney Genie mobile app. They will be able to start making reservations beginning at 7 a.m. the day of their visit to a Walt Disney World park or when the parks open at Disneyland.\nGuests will be allowed to have one Genie+ reservation at a time -- once a reservation is used, they will be able to make another. Visitors who visit more than one Disney park in a day will be able to use Genie+ at any park they visit.\nThe Genie+ program will come with some perks. At Disneyland, guests who purchase Genie+ will also get complimentary downloads of pictures taken through PhotoPass, such as photos taken on rides. At Walt Disney World, Genie+ purchasers will be able to try out augmented reality technology on their phones. The service also comes with complimentary audio experiences at both the California and Florida resorts.\nSkipping the line on some rides is going to cost people extra -- even if they purchase Genie+\nThe most popular attractions at Disney theme parks won't be part of Genie+. To skip the lines for these, visitors will need to pay separately, though Disney has not yet said how much the perk will cost.\nThis will be the case for up to two attractions at each park. Disney has not yet released a full list of which attractions this will be the case for, but examples they cited include the upcoming Remy's Ratatouille adventure at Epcot, Radiator Springs Racers at Disney California Adventure, Seven Dwarfs Mine Train at Magic Kingdom and Star Wars: Rise of the Resistance at Disney's Hollywood Studios and Disneyland.\nThese reservations will be able to be booked starting at 7 a.m. for visitors staying at Walt Disney World hotels. Other visitors at Walt Disney World, and everyone visiting Disneyland, will otherwise be able to make to reservations when the parks open each day.\nAs with the rides on Genie+, traditional stand-by lines (or virtual queues) will be available for guests who don't wish to pay for the upgrade. Guests can also purchase Lightning Lane access for these rides and forego Genie+ if they so choose.\nSome travel experts believe that the added cost of these perks, which were essentially free in the past, could upset some guests, including annual passholders. The cost of Genie+ is comparable to the cost of MaxPass, a paid FastPass program that was introduced at Disneyland Resort in recent years.\n\"If you're already paying $150 a day to get into the park, to tell somebody that you've got to pay another $100 for your family to get on the best rides in the park -- that's going to be a hard message to sell,\" said Len Testa, president of travel website Touring Plans.\nThe calculus for families could come down to the value of paying for the ability to skip lines -- and that will depend on ride capacity. People with Genie+ reservations will have priority over people in the regular stand-by line. If Disney chooses to allow up to 70% of a ride's capacity to be set aside for Genie+, that could make it a better value, since that would means longer stand-by lines. (The company said that how the capacity divvies up will be similar to what was in place with the previous FastPass programs.)\n\"This shouldn't be that bad because fewer people are going to use paid Fast Pass than they would free Fast Pass,\" Testa said. \"If they charge $20 per FastPass, relatively few people are going to buy that. So, it won't impact the standby line as much.\"\n'This is something that will be copied and passed around'\nEven for visitors who decide against paying to skip lines, Disney argues that the new Disney Genie service will help them avoid spending too much time just waiting in lines.\nThe new service takes advantage of machine learning technology and algorithms to track where crowds are in the theme parks and then make recommendations to visitors. Visitors can select in advance which attractions they most want to visit, and it will notify them of when they should head to that ride based on the wait times in the park. Guests will also be able to check forecasts for wait times on rides for later in the day based on crowd sizes.\nThe Disney Genie services will be built into the existing apps for Disneyland and Walt Disney World. In addition to tracking ride wait times, the app can also be used to make dining reservations at table-service restaurants or for mobile ordering at counter-service eateries. It can then give recommendations of rides nearby with low wait times to visit before or after a meal.\n\"It's going to be revolutionary for the theme park industry,\" said Dennis Spiegel, president of industry consulting firm International Theme Park Services Inc. \"This is something that will be copied and passed along to all the operators.\"\nTo Spiegel, the service will allow people to be more spontaneous when they visit a theme park and have to do less advance planning than they once did. Plus, the way that algorithms will track and predict crowd sizes and wait times will give visitors more control over their experience, he argues.\n\"This is going to allow people to move smoother through their visit,\" Spiegel said. \"And it's going to allow them to eat, drink and spend a little bit more -- which is going to be great for Disney -- because they're not waiting in line so long.\"\nDisney shares are down 4% this year to date, compared to a 14% gain for the Dow Jones Industrial Average and a 17% gain for the S&P 500 Index .","news_type":1},"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865847868,"gmtCreate":1632970528553,"gmtModify":1632970673078,"author":{"id":"3579310238184228","authorId":"3579310238184228","name":"rossannathom","avatar":"https://static.tigerbbs.com/fee5c4cb302a57e628de9da574d73fff","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Can’t wait&nbsp;","listText":"Can’t wait&nbsp;","text":"Can’t wait","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865847868","repostId":"1104172212","repostType":4,"repost":{"id":"1104172212","pubTimestamp":1632965278,"share":"https://www.laohu8.com/m/news/1104172212?lang=&edition=full","pubTime":"2021-09-30 09:27","market":"us","language":"en","title":"2021 Global Market Outlook - Q4 Update: Growing Pains","url":"https://stock-news.laohu8.com/highlight/detail?id=1104172212","media":"seekingalpha","summary":"Summary\n\nThe post-lockdown recovery has been powerful, and most developed economies have seen double","content":"<p><b>Summary</b></p>\n<ul>\n <li>The post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows.</li>\n <li>The reopening trade should resume in coming months. The cyclical stocks that comprise the value factor are reporting stronger earnings upgrades than technology-heavy growth stocks, and the value factor is cheap compared to the growth factor.</li>\n <li>The key risk is that the delta variant or similar proves resilient to vaccination or that infection rates escalate during the Northern Hemisphere winter.</li>\n</ul>\n<p>The COVID-19 delta variant, inflation and central bank tapering are unnerving investors. <b>We expect the pandemic-recovery trade to resume as inflation subsides, infection rates decline and tapering turns out to not equal tightening. Amid this backdrop, our outlook favors equities over bonds, the value factor over the growth factor and non-U.S. stocks over U.S. stocks.</b></p>\n<p><b>Introduction</b></p>\n<p>The post-lockdown recovery has transitioned from energetic youthfulness to awkward adolescence. It’s still growing, although at a slower pace, and there are worries about what happens next, particularly about monetary policy and the outlook for inflation. Theinflation spikehas been larger than expected, but we still think it istransitory, caused by base effects from when the U.S. consumer price index (CPI) fell during the lockdown last year and by temporary supply bottlenecks. Inflation may remain high over the remainder of 2021 but should decline in early 2022. This means that even though the U.S. Federal Reserve (Fed) is likely to begin tapering back on asset purchases before the end of the year, rate hikes are unlikely before the second half of 2023.</p>\n<p>Another worry is thehighly contagious COVID-19 delta variant. The evidence so far is that vaccines are effective in preventing serious COVID-19 infections. Vaccination rates are accelerating globally, and emerging economies are catching up with developed markets. Infection rates appear to have peaked globally in early September. This means the reopening of economies should continue over the remainder of 2021. The onset of winter in the northern hemisphere will be a test, but the rollout of booster vaccination shots should help prevent widescale renewed lockdowns.</p>\n<p>The conclusions from our cycle, value and sentiment (CVS) investment decision-making process are broadly unchanged from our previous quarterly report. Global equities remain expensive, with the very expensive U.S. market offsetting better value elsewhere. Sentiment is slightly overbought, but not close to dangerous levels of euphoria. The strong cycle delivers a preference for equities over bonds for at least the next 12 months, despite expensive valuations. It also reinforces our preference for thevalue equity factor over the growth factorand for non-U.S. equities to outperform the U.S. market.</p>\n<p><b>Cycle still in recovery phase</b></p>\n<p>The post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows. Even so, we think the cycle is still in the recovery phase, although it is maturing. Despite strong growth, there is plenty of spare capacity. This can be seen in the employment-to-population ratio for prime-age workers in the United States. The chart below shows the ratio has recovered from the pandemic lows, but only to levels reached during the relatively mild recessions in the early 1990s and 2000s. We expect theU.S. labor-market recoveryshould still resemble a typical post-recession recovery over the next few quarters.</p>\n<p><b>U.S. EMPLOYMENT-POPULATION RATIO FOR PRIME-AGE WORKERS</b></p>\n<p><img src=\"https://static.tigerbbs.com/28a91fe2991463e2285879c32cb1b8c7\" tg-width=\"1280\" tg-height=\"982\" referrerpolicy=\"no-referrer\"></p>\n<p>The U.S. recovery, however, is more advanced than that of other developed economies. The following chart shows how far GDP has recovered, relative to the pre-COVID-19 peak in 2019. GDP is 0.8% higher in the U.S., although this level is still short relative to the pre-COVID-19 trend. GDP is 2.5% below 2019 levels in the euro area and 4.5% below in the United Kingdom. We expect more cyclical upside for economic growth outside the U.S., and this should allow market leadership to rotate toward the rest of the world.</p>\n<p><b>GDP IN Q2 2021 RELATIVE TO PRE-COVID-19 PEAK IN 2019</b></p>\n<p><img src=\"https://static.tigerbbs.com/577d1b96aef08b71c9bdb6665a21b2ac\" tg-width=\"1280\" tg-height=\"982\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Two key indicators</b></p>\n<p>Last quarter, we listed two indicators that should offer a guide to the Fed’s expected reaction to the inflation spike.</p>\n<p>The first is five-year/five-year breakeven inflation expectations, based on the pricing of Treasury Inflation Protected Securities (TIPS). This is the market’s forecast for average inflation over five years in five years’ time. It tells us that investors expect inflation will average 2.17% in the five years from late 2026 to late 2031. The TIPS yields are based on the CPI, while the Fed targets inflation as measured by the personal consumption expenditure (PCE) deflator. The two move together over time, but CPI inflation is generally around 0.25% higher than PCE inflation. A breakeven rate of 2.75% would suggest the market sees PCE inflation above 2.5% in five years’ time. Market inflation expectations are currently comfortably below the Fed’s worry point.</p>\n<p><b>WATCHPOINT INDICATOR #1: U.S. 5-YEAR/5-YEAR BREAKEVEN INFLATION RATE</b></p>\n<p><img src=\"https://static.tigerbbs.com/13f3cf57b58f600fe6681e9015779e85\" tg-width=\"1280\" tg-height=\"982\" referrerpolicy=\"no-referrer\"></p>\n<p>The second indicator is the Atlanta Fed’s Wage Growth Tracker, and this has a less-comforting message about inflation risks. It reached 3.9% in August, which isclose to the 4% thresholdwhere we judge that the Fed will become concerned about the inflationary impact on the growth of wages. A breakdown shows that the spike has been mostly driven by wages for low-skilled, young people in the leisure and hospitality industry. This suggests the surge has been caused by temporary labor supply shortages and that wage pressures should subside as economic activity normalizes. This indicator, however, will be an important watchpoint over the next few months.</p>\n<p><b>WATCHPOINT INDICATOR #2: ATLANTA FED WAGE GROWTH TRACKER</b></p>\n<p><img src=\"https://static.tigerbbs.com/a1d3ff1ca26f6d29a28f919c65531c9a\" tg-width=\"1280\" tg-height=\"982\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Reopening trade still makes sense</b></p>\n<p>The reopening trade, which lifts long-term interest rates and favors cyclical and value stocks over technology and growth stocks, worked well for several months following the vaccine announcement last November. Value outperformed growth and yield curves steepened. The trade has reversed in recent months, however, amid fears that the delta variant might derail the economic recovery. The impact has been magnified by short covering in bond markets as investors, who have been short or underweight, have been forced by the rally to buy back into the market, pushing bond yields even lower.</p>\n<p>The reopening trade should resume in coming months. The cyclical stocks that comprise the value factor are reporting stronger earnings upgrades than technology-heavy growth stocks, and the value factor is cheap compared to the growth factor. Financial stocks comprise the largest sector in the MSCI World Value Index, and they should benefit from further yield-curve steepening, which boosts the profitability of banks. Long-term interest rates should rise as global growth remains above trend, delta-variant fears fade, the short squeeze unwinds and central banks begin tapering back on bond purchases.</p>\n<p>The rotation in economic growth leadership away from the United States should also help the reopening trade. The rest of the world is overweight cyclical value stocks relative to the U.S., which has a higher weight to technology stocks.</p>\n<p>Emerging market (EM) equities have been poor performers since the vaccine announcement, but there are some encouraging signs. Initially, they were held back by the exposure to technology stocks in the MSCI Emerging Markets Index and the slow rollout of COVID-19 vaccines. More recently, they have come under pressure from the slowdown in the Chinese economy and theregulatory crackdown on Chinese tech companies. The vaccine rollout across emerging markets has accelerated and policy easing in China should soon improve the growth outlook. The path of Chinese regulation is harder to predict, but it is now largely priced in, with Chinese technology companies underperforming their global peers by nearly 50% from February 2021 through mid-September.</p>\n<p>The resumption of the reopening trade should also result in U.S. dollar weakness. The U.S. Dollar Index (DXY) has traded sideways since the vaccine announcement. It should weaken once investors have confidence that delta-variant risks are subsiding and realize that the Fed is likely to remain dovish as inflation risks decline. The dollar typically gains during global downturns and declines in the recovery phase. Dollar weakness should support the performance of non-U.S. markets, particularly emerging markets.</p>\n<p><b>Risks: variants, inflation, China weakness</b></p>\n<p>The key risk is that the delta variant or similar proves resilient to vaccination or that infection rates escalate during the Northern Hemisphere winter. The evidence so far is that vaccinations are highly effective in preventing serious illness. In Israel, booster shots appear to have slowed the rate of new cases.</p>\n<p>Another watchpoint is inflation and the response of central banks. Our expectation is that this year’s inflation spike is mostly transitory and that the major central banks, led by the Fed, are still two years from raising interest rates.</p>\n<p>Finally, there is the risk of a sharper-than-expected slowdown in China.Credit growth has slowed this yearand the purchasing managers’ indexes (PMI) have trended lower. Monetary and fiscal policy have been eased, however, and senior officials have signaled that more stimulus is on the way. China policy direction and credit trends will be an important watchpoint over coming months.</p>\n<p><b>Regional snapshotsUnited States</b></p>\n<p>The U.S. economy is likely to sustain above-trend growth into 2022. However, the easiest gains appear in the rear-view mirror at the end of the third quarter as the recovery phase of the business cycle matures. This is most visible for corporate earnings, where S&amp;P 500® Index earnings-per-share already sit 20% above their previous cyclical high.</p>\n<p>Strong fundamentals have helped power the stock market to new highs. Early evidence that the delta-variant wave may be fading and the potential for greater vaccine access for children are positives for a more complete recovery in the quarters ahead. The Fedlooks poised to start tapering its asset purchasesaround the end of 2021. The timing of the first rate hike will then hinge on what happens to inflation next year. Our models suggest that inflation is likely to drop back below the Fed’s 2% target in 2022. If that is correct, the Fed is likely to remain on hold into the second half of 2023.</p>\n<p>Wage inflation is a key risk to this view. It is running unusually strong for this stage of the cycle, and record hiring intentions from businesses could exhaust spare capacity in the year ahead. We expect the 10-year U.S. Treasury yield to rise moderately from 1.37% in mid-September to 1.75% in coming months.</p>\n<p>Fiscal stimulus negotiations continue to grab headlines in Washington, D.C. Thetax provisions in these billsare likely to be the most impactful for financial markets. We estimate thathigher corporate taxescould subtract about four percentage points from S&amp;P 500 earnings growth in 2022. This could create volatility and opportunity in markets. Given our strong cyclical outlook, our bias continues to be a<i>risk-on</i>preference for equities over bonds for the medium-term.</p>\n<p><b>Eurozone</b></p>\n<p>Euro area growthslowed through the third quarter but looks on track for a return to above-trend growth over the fourth quarter and into 2022. Vaccination rates are high, and the euro area has more catch-up potential than other major economies, particularly the United States. The euro area is also set to receive more fiscal support than other regions, with the European Union’s pandemic recovery fund only just starting to disburse stimulus, which will provide significant support in southern Europe. Polls in advance of Germany’s federal election on Sept. 26 suggested the electorate was moving toward the political left, which means the new government is likely to support expansionary fiscal policy and a continued dovish stance by the European Central Bank (ECB).</p>\n<p>The MSCI EMU Index, which reflects the European Economic and Monetary Union, has performed broadly in line with the S&amp;P 500 so far in 2021. We think it has potential to outperform in coming quarters. Europe’s exposure to financials and cyclically sensitive sectors such as industrials, materials and energy, and its relatively small exposure to technology, gives it the potential to outperform as delta-variant fears subside, economic activity picks up and yield curves in Europe steepen.</p>\n<p><b>United Kingdom</b></p>\n<p>As of mid-year, UK GDP was still nearly 4.5% below its pre-pandemic peak. We see plenty of scope for strong catch-up growth as borders are fully reopened and activity normalizes. Supply bottlenecks and labor shortages have triggered a sharp rise in underlying inflation and created concerns that the Bank of England (BoE) may start rate hikes in the first half of 2022. We think the BoE is unlikely to be that aggressive. We expect inflation to decline in early 2022 as supply constraints ease, which should convince the BoE to delay rate hikes.</p>\n<p>The FTSE 100 Index is the cheapest of the major developed equity markets in late 2021, and this should help it reflect higher returns than other markets over the next decade. Around 70% of UK corporate earnings come from offshore, so one near-term risk is that further strengthening of British sterling dampens earnings growth. The other risks are mostly around policy missteps, for example, early tightening by the Bank of England.</p>\n<p><b>Japan</b></p>\n<p>The Japanese economy is expected to get a shot in the arm as rising vaccination rates improve mobility and reduce the risk of further lockdowns, and as political leadership changes result in more fiscal stimulus: the Japanese election is due to be held before Nov. 28. Japanese equities look slightly more expensive than other regions such as the UK and Europe. We maintain our view that the Bank of Japan will significantly lag other central banks in normalizing policy.</p>\n<p><b>China</b></p>\n<p>We expect Chinese economic growth to berobust over the next 12 months, supported by a post-lockdown jump in consumer spending and incremental fiscal and monetary easing. Despite a big improvement in vaccination rates,COVID-19 outbreaks remain a riskgiven the Chinese government’s zero-tolerance approach. The major consumer technology companies have seen significant drops in stock prices recently due to more aggressive regulation. Some uncertainty remains around thepath of future regulation, especially as it relates to technology companies, and as a result we expect investors will remain cautious on Chinese equities in the coming months. The property market, particularly property developers as recently highlighted by Evergrande’s debt crisis, remains a risk that we are monitoring closely.</p>\n<p><b>Canada</b></p>\n<p>Canada leads the G71countries in terms of the vaccination rollout, which should minimize the risk of large-scale lockdowns over winter. The delta variant has taken an economic toll, however, with industry consensus projections now predicting 5% GDP growth in 2021 versus estimates of more than 6% just three months ago. Even so, growth remains above-trend and the odds of additional fiscal expenditures to support the economy have increased. This means that weaker growth due to COVID-19 is unlikely to change the Bank of Canada's (BoC) tightening bias.</p>\n<p>Tapering of asset purchasesshould be complete by the end of the first quarter of 2022. BoC Governor Tiff Macklem has indicated that the reinvestment phase of the bonds held by the central bank will commence once quantitative easing has ended. This should generate an estimated C$1 billion in weekly bond purchases, down from the current pace of C$2 billion. The BoC will likely only consider shrinking its balance sheet after it has started lifting interest rates. The BoC projects that the output gap will close sometime over the second half of 2022, and that rate hikes will be considered after economic slack has disappeared. We believe that the timeline may be a tad aggressive, and a delay to 2023 for liftoff is more likely. This would better align the Canadian central bank with its American counterpart.</p>\n<p><b>Australia/New Zealand</b></p>\n<p>The Australian economy is set to return to life, with lockdowns likely to be eased in October and November. Consumer and business balance sheets continue to look healthy, which should facilitate a strong recovery. The reopening of the international border in 2022 will provide a further boost. Fiscal policy has supported the economy through the downturn, and there is potential for further stimulus in the lead-up to the federal election, which is due before the end of 2022. The Reserve Bank of Australia has begun the process of tapering its bond-purchase program, but we expect that a rise in the cash rate is unlikely until at least the second half of 2023.</p>\n<p>New Zealand’s most recent lockdown will drag on Q3 GDP, but similar to Australia, we expect a solid rebound as the economy reopens. The government aims to provide a vaccine to all adults by the end of 2021, after which borders will gradually reopen. This will provide a boost, particularly to tourism-exposed sectors. Despite having recently put off hiking interest rates due to the recent lockdown, we expect the Reserve Bank of New Zealand will start raising rates this year. Even though they have significantly underperformed global equities this year, New Zealand equities still screen as relatively expensive compared to other regions.</p>\n<p><b>Asset-class preferences</b></p>\n<p>Our cycle, value and sentiment investment decision-making process in late September 2021 has a moderately positive medium-term view on global equities. Value is expensive across most markets except for UK equities, which are near fair value. The cycle is risk-asset supportive for the medium-term. The major economies still have spare capacity and inflation pressures appear transitory, caused by COVID-19-related supply shortages. Rate hikes by the U.S. Fed seem unlikely before the second half of 2023. Sentiment, after reaching overbought levels earlier in the year, has returned to more neutral levels.</p>\n<p><b>COMPOSITE CONTRARIAN INDICATOR: SENTIMENT SHIFTS TOWARD NEUTRAL</b></p>\n<p><img src=\"https://static.tigerbbs.com/5c527955abbc9e770d200c1d709f80d8\" tg-width=\"1280\" tg-height=\"982\" referrerpolicy=\"no-referrer\"></p>\n<ul>\n <li>We prefer<b>non-U.S. equities</b>to U.S. equities. Stronger economic growth and steeper yield curves after the third-quarter slowdown should favor undervalued cyclical value stocks over expensive technology and growth stocks. Relative to the U.S., the rest of the world is overweight cyclical value stocks.</li>\n <li><b>Emerging markets equities</b>have been relatively poor performers this year, but there are some encouraging signs. The vaccine rollout across EM has accelerated and policy easing in China should soon boost the economic growth outlook.China’s regulatory crackdownhas caused significant underperformance by Chinese technology companies, but this should be less of a headwind going forward now that it is priced in.</li>\n <li><b>High yield</b>and<b>investment grade credit</b>are expensive on a spread basis but have support from a positive cycle view that accommodates corporate profit growth and keeps default rates low. U.S. dollar-denominated<b>emerging markets debt</b>is close to fair value in spread terms and will gain support on U.S. dollar weakness.</li>\n <li><b>Government bonds</b>are expensive, and yields should come under upward pressure as output gaps close and central banks look to taper back asset purchases. We expect the 10-year U.S. Treasury yield to rise toward 1.75% in coming months.</li>\n <li><b>Real assets</b>: Real Estate Investment Trusts (REITs) have significantly outperformed Global Listed Infrastructure (GLI) so far this year, to the extent that REITS are now expensive relative to GLI. Both should benefit from the pandemic recovery, but GLI has some catch-up potential. GLI should benefit from the global re-opening boosting domestic and international travel.<b>Commodities</b>have been the best-performing asset class this year amid strong demand and supply bottlenecks. The gains have been led by industrial metals and energy. The pace of increase should ease as supply issues are resolved, butcommodities should retain supportfrom above-trend global demand.</li>\n <li>The<b>U.S. dollar</b>has been supported this year by expectations for early Fed tightening and U.S. economic growth leadership. It should weaken as global growth leadership rotates away from the U.S. and toward Europe and other developed economies. The dollar typically gains during global downturns and declines in the recovery phase. The main beneficiary is likely to be the<b>euro</b>, which is still undervalued. We also believe<b>British sterling</b>and the economically sensitive<i>commodity currencies</i>—the<b>Australian dollar</b>, the<b>New Zealand dollar</b>and the<b>Canadian dollar</b>—can make further gains, although these currencies are not undervalued from a longer-term perspective.</li>\n</ul>\n<p><b>ASSET PERFORMANCE SINCE THE BEGINNING OF 2021</b></p>\n<p><img src=\"https://static.tigerbbs.com/50e253becd38bd122d9fc211e7b0f583\" tg-width=\"1280\" tg-height=\"982\" referrerpolicy=\"no-referrer\"></p>\n<p>1The Group of Seven is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.</p>\n<p><b>Important Information</b></p>\n<p>The views in this Global Market Outlook report are subject to change at any time based upon market or other conditions and are current as of September 27, 2021. While all material is deemed to be reliable, accuracy and completeness cannot be guaranteed.</p>\n<p>Please remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.</p>\n<p>Keep in mind that, like all investing, multi-asset investing does not assure a profit or protect against loss.</p>\n<p>No model or group of models can offer a precise estimate of future returns available from capital markets. We remain cautious that rational analytical techniques cannot predict extremes in financial behavior, such as periods of financial euphoria or investor panic. Our models rest on the assumptions of normal and rational financial behavior. Forecasting models are inherently uncertain, subject to change at any time based on a variety of factors and can be inaccurate. Russell believes that the utility of this information is highest in evaluating the relative relationships of various components of a globally diversified portfolio. As such, the models may offer insights into the prudence of over or under weighting those components from time to time or under periods of extreme dislocation. The models are explicitly not intended as market timing signals.</p>\n<p>Forecasting represents predictions of market prices and/or volume patterns utilizing varying analytical data. It is not representative of a projection of the stock market, or of any specific investment.</p>\n<p>Investment in global, international or emerging markets may be significantly affected by political or economic conditions and regulatory requirements in a particular country. Investments in non-U.S. markets can involve risks of currency fluctuation, political and economic instability, different accounting standards and foreign taxation. Such securities may be less liquid and more volatile. Investments in emerging or developing markets involve exposure to economic structures that are generally less diverse and mature, and political systems with less stability than in more developed countries.</p>\n<p>Currency investing involves risks including fluctuations in currency values, whether the home currency or the foreign currency. They can either enhance or reduce the returns associated with foreign investments.</p>\n<p>Investments in non-U.S. markets can involve risks of currency fluctuation, political and economic instability, different accounting standards and foreign taxation.</p>\n<p>Bond investors should carefully consider risks such as interest rate, credit, default and duration risks. Greater risk, such as increased volatility, limited liquidity, prepayment, non-payment and increased default risk, is inherent in portfolios that invest in high yield (“junk”) bonds or mortgage-backed securities, especially mortgage-backed securities with exposure to sub-prime mortgages. Generally, when interest rates rise, prices of fixed income securities fall. Interest rates in the United States are at, or near, historic lows, which may increase a Fund’s exposure to risks associated with rising rates. Investment in non-U.S. and emerging market securities is subject to the risk of currency fluctuations and to economic and political risks associated with such foreign countries.</p>\n<p>Performance quoted represents past performance and should not be viewed as a guarantee of future results.</p>\n<p>The FTSE 100 Index is a market-capitalization weighted index of UK-listed blue chip companies.</p>\n<p>The S&amp;P 500® Index, or the Standard &amp; Poor’s 500, is a stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.</p>\n<p>The MSCI EMU Index (European Economic and Monetary Union) captures large and mid cap representation across the 10 developed markets countries in the EMU. With 246 constituents, the index covers approximately 85% of the free float-adjusted market capitalization of the EMU.</p>\n<p>Indexes are unmanaged and cannot be invested in directly.</p>\n<p>Copyright © Russell Investments 2021. 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The general information contained on this website should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. Persons outside the United States may find more information about products and services available within their jurisdictions by going to Russell Investments' Worldwide site.</p>\n<p>Russell Investments is committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone, and applying the relevant accessibility standards.</p>\n<p>Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates, with a significant minority stake held by funds managed by Reverence Capital Partners. Russell Investments' employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.</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>2021 Global Market Outlook - Q4 Update: Growing Pains</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\">\n2021 Global Market Outlook - Q4 Update: Growing Pains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-30 09:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4457651-2021-global-market-outlook-q4-update-growing-pains><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows.\nThe reopening trade should resume in ...</p>\n\n<a href=\"https://seekingalpha.com/article/4457651-2021-global-market-outlook-q4-update-growing-pains\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4457651-2021-global-market-outlook-q4-update-growing-pains","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1104172212","content_text":"Summary\n\nThe post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows.\nThe reopening trade should resume in coming months. The cyclical stocks that comprise the value factor are reporting stronger earnings upgrades than technology-heavy growth stocks, and the value factor is cheap compared to the growth factor.\nThe key risk is that the delta variant or similar proves resilient to vaccination or that infection rates escalate during the Northern Hemisphere winter.\n\nThe COVID-19 delta variant, inflation and central bank tapering are unnerving investors. We expect the pandemic-recovery trade to resume as inflation subsides, infection rates decline and tapering turns out to not equal tightening. Amid this backdrop, our outlook favors equities over bonds, the value factor over the growth factor and non-U.S. stocks over U.S. stocks.\nIntroduction\nThe post-lockdown recovery has transitioned from energetic youthfulness to awkward adolescence. It’s still growing, although at a slower pace, and there are worries about what happens next, particularly about monetary policy and the outlook for inflation. Theinflation spikehas been larger than expected, but we still think it istransitory, caused by base effects from when the U.S. consumer price index (CPI) fell during the lockdown last year and by temporary supply bottlenecks. Inflation may remain high over the remainder of 2021 but should decline in early 2022. This means that even though the U.S. Federal Reserve (Fed) is likely to begin tapering back on asset purchases before the end of the year, rate hikes are unlikely before the second half of 2023.\nAnother worry is thehighly contagious COVID-19 delta variant. The evidence so far is that vaccines are effective in preventing serious COVID-19 infections. Vaccination rates are accelerating globally, and emerging economies are catching up with developed markets. Infection rates appear to have peaked globally in early September. This means the reopening of economies should continue over the remainder of 2021. The onset of winter in the northern hemisphere will be a test, but the rollout of booster vaccination shots should help prevent widescale renewed lockdowns.\nThe conclusions from our cycle, value and sentiment (CVS) investment decision-making process are broadly unchanged from our previous quarterly report. Global equities remain expensive, with the very expensive U.S. market offsetting better value elsewhere. Sentiment is slightly overbought, but not close to dangerous levels of euphoria. The strong cycle delivers a preference for equities over bonds for at least the next 12 months, despite expensive valuations. It also reinforces our preference for thevalue equity factor over the growth factorand for non-U.S. equities to outperform the U.S. market.\nCycle still in recovery phase\nThe post-lockdown recovery has been powerful, and most developed economies have seen double-digit gross domestic product (GDP) rebounds from 2020 lows. Even so, we think the cycle is still in the recovery phase, although it is maturing. Despite strong growth, there is plenty of spare capacity. This can be seen in the employment-to-population ratio for prime-age workers in the United States. The chart below shows the ratio has recovered from the pandemic lows, but only to levels reached during the relatively mild recessions in the early 1990s and 2000s. We expect theU.S. labor-market recoveryshould still resemble a typical post-recession recovery over the next few quarters.\nU.S. EMPLOYMENT-POPULATION RATIO FOR PRIME-AGE WORKERS\n\nThe U.S. recovery, however, is more advanced than that of other developed economies. The following chart shows how far GDP has recovered, relative to the pre-COVID-19 peak in 2019. GDP is 0.8% higher in the U.S., although this level is still short relative to the pre-COVID-19 trend. GDP is 2.5% below 2019 levels in the euro area and 4.5% below in the United Kingdom. We expect more cyclical upside for economic growth outside the U.S., and this should allow market leadership to rotate toward the rest of the world.\nGDP IN Q2 2021 RELATIVE TO PRE-COVID-19 PEAK IN 2019\n\nTwo key indicators\nLast quarter, we listed two indicators that should offer a guide to the Fed’s expected reaction to the inflation spike.\nThe first is five-year/five-year breakeven inflation expectations, based on the pricing of Treasury Inflation Protected Securities (TIPS). This is the market’s forecast for average inflation over five years in five years’ time. It tells us that investors expect inflation will average 2.17% in the five years from late 2026 to late 2031. The TIPS yields are based on the CPI, while the Fed targets inflation as measured by the personal consumption expenditure (PCE) deflator. The two move together over time, but CPI inflation is generally around 0.25% higher than PCE inflation. A breakeven rate of 2.75% would suggest the market sees PCE inflation above 2.5% in five years’ time. Market inflation expectations are currently comfortably below the Fed’s worry point.\nWATCHPOINT INDICATOR #1: U.S. 5-YEAR/5-YEAR BREAKEVEN INFLATION RATE\n\nThe second indicator is the Atlanta Fed’s Wage Growth Tracker, and this has a less-comforting message about inflation risks. It reached 3.9% in August, which isclose to the 4% thresholdwhere we judge that the Fed will become concerned about the inflationary impact on the growth of wages. A breakdown shows that the spike has been mostly driven by wages for low-skilled, young people in the leisure and hospitality industry. This suggests the surge has been caused by temporary labor supply shortages and that wage pressures should subside as economic activity normalizes. This indicator, however, will be an important watchpoint over the next few months.\nWATCHPOINT INDICATOR #2: ATLANTA FED WAGE GROWTH TRACKER\n\nReopening trade still makes sense\nThe reopening trade, which lifts long-term interest rates and favors cyclical and value stocks over technology and growth stocks, worked well for several months following the vaccine announcement last November. Value outperformed growth and yield curves steepened. The trade has reversed in recent months, however, amid fears that the delta variant might derail the economic recovery. The impact has been magnified by short covering in bond markets as investors, who have been short or underweight, have been forced by the rally to buy back into the market, pushing bond yields even lower.\nThe reopening trade should resume in coming months. The cyclical stocks that comprise the value factor are reporting stronger earnings upgrades than technology-heavy growth stocks, and the value factor is cheap compared to the growth factor. Financial stocks comprise the largest sector in the MSCI World Value Index, and they should benefit from further yield-curve steepening, which boosts the profitability of banks. Long-term interest rates should rise as global growth remains above trend, delta-variant fears fade, the short squeeze unwinds and central banks begin tapering back on bond purchases.\nThe rotation in economic growth leadership away from the United States should also help the reopening trade. The rest of the world is overweight cyclical value stocks relative to the U.S., which has a higher weight to technology stocks.\nEmerging market (EM) equities have been poor performers since the vaccine announcement, but there are some encouraging signs. Initially, they were held back by the exposure to technology stocks in the MSCI Emerging Markets Index and the slow rollout of COVID-19 vaccines. More recently, they have come under pressure from the slowdown in the Chinese economy and theregulatory crackdown on Chinese tech companies. The vaccine rollout across emerging markets has accelerated and policy easing in China should soon improve the growth outlook. The path of Chinese regulation is harder to predict, but it is now largely priced in, with Chinese technology companies underperforming their global peers by nearly 50% from February 2021 through mid-September.\nThe resumption of the reopening trade should also result in U.S. dollar weakness. The U.S. Dollar Index (DXY) has traded sideways since the vaccine announcement. It should weaken once investors have confidence that delta-variant risks are subsiding and realize that the Fed is likely to remain dovish as inflation risks decline. The dollar typically gains during global downturns and declines in the recovery phase. Dollar weakness should support the performance of non-U.S. markets, particularly emerging markets.\nRisks: variants, inflation, China weakness\nThe key risk is that the delta variant or similar proves resilient to vaccination or that infection rates escalate during the Northern Hemisphere winter. The evidence so far is that vaccinations are highly effective in preventing serious illness. In Israel, booster shots appear to have slowed the rate of new cases.\nAnother watchpoint is inflation and the response of central banks. Our expectation is that this year’s inflation spike is mostly transitory and that the major central banks, led by the Fed, are still two years from raising interest rates.\nFinally, there is the risk of a sharper-than-expected slowdown in China.Credit growth has slowed this yearand the purchasing managers’ indexes (PMI) have trended lower. Monetary and fiscal policy have been eased, however, and senior officials have signaled that more stimulus is on the way. China policy direction and credit trends will be an important watchpoint over coming months.\nRegional snapshotsUnited States\nThe U.S. economy is likely to sustain above-trend growth into 2022. However, the easiest gains appear in the rear-view mirror at the end of the third quarter as the recovery phase of the business cycle matures. This is most visible for corporate earnings, where S&P 500® Index earnings-per-share already sit 20% above their previous cyclical high.\nStrong fundamentals have helped power the stock market to new highs. Early evidence that the delta-variant wave may be fading and the potential for greater vaccine access for children are positives for a more complete recovery in the quarters ahead. The Fedlooks poised to start tapering its asset purchasesaround the end of 2021. The timing of the first rate hike will then hinge on what happens to inflation next year. Our models suggest that inflation is likely to drop back below the Fed’s 2% target in 2022. If that is correct, the Fed is likely to remain on hold into the second half of 2023.\nWage inflation is a key risk to this view. It is running unusually strong for this stage of the cycle, and record hiring intentions from businesses could exhaust spare capacity in the year ahead. We expect the 10-year U.S. Treasury yield to rise moderately from 1.37% in mid-September to 1.75% in coming months.\nFiscal stimulus negotiations continue to grab headlines in Washington, D.C. Thetax provisions in these billsare likely to be the most impactful for financial markets. We estimate thathigher corporate taxescould subtract about four percentage points from S&P 500 earnings growth in 2022. This could create volatility and opportunity in markets. Given our strong cyclical outlook, our bias continues to be arisk-onpreference for equities over bonds for the medium-term.\nEurozone\nEuro area growthslowed through the third quarter but looks on track for a return to above-trend growth over the fourth quarter and into 2022. Vaccination rates are high, and the euro area has more catch-up potential than other major economies, particularly the United States. The euro area is also set to receive more fiscal support than other regions, with the European Union’s pandemic recovery fund only just starting to disburse stimulus, which will provide significant support in southern Europe. Polls in advance of Germany’s federal election on Sept. 26 suggested the electorate was moving toward the political left, which means the new government is likely to support expansionary fiscal policy and a continued dovish stance by the European Central Bank (ECB).\nThe MSCI EMU Index, which reflects the European Economic and Monetary Union, has performed broadly in line with the S&P 500 so far in 2021. We think it has potential to outperform in coming quarters. Europe’s exposure to financials and cyclically sensitive sectors such as industrials, materials and energy, and its relatively small exposure to technology, gives it the potential to outperform as delta-variant fears subside, economic activity picks up and yield curves in Europe steepen.\nUnited Kingdom\nAs of mid-year, UK GDP was still nearly 4.5% below its pre-pandemic peak. We see plenty of scope for strong catch-up growth as borders are fully reopened and activity normalizes. Supply bottlenecks and labor shortages have triggered a sharp rise in underlying inflation and created concerns that the Bank of England (BoE) may start rate hikes in the first half of 2022. We think the BoE is unlikely to be that aggressive. We expect inflation to decline in early 2022 as supply constraints ease, which should convince the BoE to delay rate hikes.\nThe FTSE 100 Index is the cheapest of the major developed equity markets in late 2021, and this should help it reflect higher returns than other markets over the next decade. Around 70% of UK corporate earnings come from offshore, so one near-term risk is that further strengthening of British sterling dampens earnings growth. The other risks are mostly around policy missteps, for example, early tightening by the Bank of England.\nJapan\nThe Japanese economy is expected to get a shot in the arm as rising vaccination rates improve mobility and reduce the risk of further lockdowns, and as political leadership changes result in more fiscal stimulus: the Japanese election is due to be held before Nov. 28. Japanese equities look slightly more expensive than other regions such as the UK and Europe. We maintain our view that the Bank of Japan will significantly lag other central banks in normalizing policy.\nChina\nWe expect Chinese economic growth to berobust over the next 12 months, supported by a post-lockdown jump in consumer spending and incremental fiscal and monetary easing. Despite a big improvement in vaccination rates,COVID-19 outbreaks remain a riskgiven the Chinese government’s zero-tolerance approach. The major consumer technology companies have seen significant drops in stock prices recently due to more aggressive regulation. Some uncertainty remains around thepath of future regulation, especially as it relates to technology companies, and as a result we expect investors will remain cautious on Chinese equities in the coming months. The property market, particularly property developers as recently highlighted by Evergrande’s debt crisis, remains a risk that we are monitoring closely.\nCanada\nCanada leads the G71countries in terms of the vaccination rollout, which should minimize the risk of large-scale lockdowns over winter. The delta variant has taken an economic toll, however, with industry consensus projections now predicting 5% GDP growth in 2021 versus estimates of more than 6% just three months ago. Even so, growth remains above-trend and the odds of additional fiscal expenditures to support the economy have increased. This means that weaker growth due to COVID-19 is unlikely to change the Bank of Canada's (BoC) tightening bias.\nTapering of asset purchasesshould be complete by the end of the first quarter of 2022. BoC Governor Tiff Macklem has indicated that the reinvestment phase of the bonds held by the central bank will commence once quantitative easing has ended. This should generate an estimated C$1 billion in weekly bond purchases, down from the current pace of C$2 billion. The BoC will likely only consider shrinking its balance sheet after it has started lifting interest rates. The BoC projects that the output gap will close sometime over the second half of 2022, and that rate hikes will be considered after economic slack has disappeared. We believe that the timeline may be a tad aggressive, and a delay to 2023 for liftoff is more likely. This would better align the Canadian central bank with its American counterpart.\nAustralia/New Zealand\nThe Australian economy is set to return to life, with lockdowns likely to be eased in October and November. Consumer and business balance sheets continue to look healthy, which should facilitate a strong recovery. The reopening of the international border in 2022 will provide a further boost. Fiscal policy has supported the economy through the downturn, and there is potential for further stimulus in the lead-up to the federal election, which is due before the end of 2022. The Reserve Bank of Australia has begun the process of tapering its bond-purchase program, but we expect that a rise in the cash rate is unlikely until at least the second half of 2023.\nNew Zealand’s most recent lockdown will drag on Q3 GDP, but similar to Australia, we expect a solid rebound as the economy reopens. The government aims to provide a vaccine to all adults by the end of 2021, after which borders will gradually reopen. This will provide a boost, particularly to tourism-exposed sectors. Despite having recently put off hiking interest rates due to the recent lockdown, we expect the Reserve Bank of New Zealand will start raising rates this year. Even though they have significantly underperformed global equities this year, New Zealand equities still screen as relatively expensive compared to other regions.\nAsset-class preferences\nOur cycle, value and sentiment investment decision-making process in late September 2021 has a moderately positive medium-term view on global equities. Value is expensive across most markets except for UK equities, which are near fair value. The cycle is risk-asset supportive for the medium-term. The major economies still have spare capacity and inflation pressures appear transitory, caused by COVID-19-related supply shortages. Rate hikes by the U.S. Fed seem unlikely before the second half of 2023. Sentiment, after reaching overbought levels earlier in the year, has returned to more neutral levels.\nCOMPOSITE CONTRARIAN INDICATOR: SENTIMENT SHIFTS TOWARD NEUTRAL\n\n\nWe prefernon-U.S. equitiesto U.S. equities. Stronger economic growth and steeper yield curves after the third-quarter slowdown should favor undervalued cyclical value stocks over expensive technology and growth stocks. Relative to the U.S., the rest of the world is overweight cyclical value stocks.\nEmerging markets equitieshave been relatively poor performers this year, but there are some encouraging signs. The vaccine rollout across EM has accelerated and policy easing in China should soon boost the economic growth outlook.China’s regulatory crackdownhas caused significant underperformance by Chinese technology companies, but this should be less of a headwind going forward now that it is priced in.\nHigh yieldandinvestment grade creditare expensive on a spread basis but have support from a positive cycle view that accommodates corporate profit growth and keeps default rates low. U.S. dollar-denominatedemerging markets debtis close to fair value in spread terms and will gain support on U.S. dollar weakness.\nGovernment bondsare expensive, and yields should come under upward pressure as output gaps close and central banks look to taper back asset purchases. We expect the 10-year U.S. Treasury yield to rise toward 1.75% in coming months.\nReal assets: Real Estate Investment Trusts (REITs) have significantly outperformed Global Listed Infrastructure (GLI) so far this year, to the extent that REITS are now expensive relative to GLI. Both should benefit from the pandemic recovery, but GLI has some catch-up potential. GLI should benefit from the global re-opening boosting domestic and international travel.Commoditieshave been the best-performing asset class this year amid strong demand and supply bottlenecks. The gains have been led by industrial metals and energy. The pace of increase should ease as supply issues are resolved, butcommodities should retain supportfrom above-trend global demand.\nTheU.S. dollarhas been supported this year by expectations for early Fed tightening and U.S. economic growth leadership. It should weaken as global growth leadership rotates away from the U.S. and toward Europe and other developed economies. The dollar typically gains during global downturns and declines in the recovery phase. The main beneficiary is likely to be theeuro, which is still undervalued. We also believeBritish sterlingand the economically sensitivecommodity currencies—theAustralian dollar, theNew Zealand dollarand theCanadian dollar—can make further gains, although these currencies are not undervalued from a longer-term perspective.\n\nASSET PERFORMANCE SINCE THE BEGINNING OF 2021\n\n1The Group of Seven is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.\nImportant Information\nThe views in this Global Market Outlook report are subject to change at any time based upon market or other conditions and are current as of September 27, 2021. While all material is deemed to be reliable, accuracy and completeness cannot be guaranteed.\nPlease remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.\nKeep in mind that, like all investing, multi-asset investing does not assure a profit or protect against loss.\nNo model or group of models can offer a precise estimate of future returns available from capital markets. We remain cautious that rational analytical techniques cannot predict extremes in financial behavior, such as periods of financial euphoria or investor panic. Our models rest on the assumptions of normal and rational financial behavior. Forecasting models are inherently uncertain, subject to change at any time based on a variety of factors and can be inaccurate. Russell believes that the utility of this information is highest in evaluating the relative relationships of various components of a globally diversified portfolio. As such, the models may offer insights into the prudence of over or under weighting those components from time to time or under periods of extreme dislocation. The models are explicitly not intended as market timing signals.\nForecasting represents predictions of market prices and/or volume patterns utilizing varying analytical data. It is not representative of a projection of the stock market, or of any specific investment.\nInvestment in global, international or emerging markets may be significantly affected by political or economic conditions and regulatory requirements in a particular country. Investments in non-U.S. markets can involve risks of currency fluctuation, political and economic instability, different accounting standards and foreign taxation. Such securities may be less liquid and more volatile. Investments in emerging or developing markets involve exposure to economic structures that are generally less diverse and mature, and political systems with less stability than in more developed countries.\nCurrency investing involves risks including fluctuations in currency values, whether the home currency or the foreign currency. They can either enhance or reduce the returns associated with foreign investments.\nInvestments in non-U.S. markets can involve risks of currency fluctuation, political and economic instability, different accounting standards and foreign taxation.\nBond investors should carefully consider risks such as interest rate, credit, default and duration risks. Greater risk, such as increased volatility, limited liquidity, prepayment, non-payment and increased default risk, is inherent in portfolios that invest in high yield (“junk”) bonds or mortgage-backed securities, especially mortgage-backed securities with exposure to sub-prime mortgages. Generally, when interest rates rise, prices of fixed income securities fall. Interest rates in the United States are at, or near, historic lows, which may increase a Fund’s exposure to risks associated with rising rates. Investment in non-U.S. and emerging market securities is subject to the risk of currency fluctuations and to economic and political risks associated with such foreign countries.\nPerformance quoted represents past performance and should not be viewed as a guarantee of future results.\nThe FTSE 100 Index is a market-capitalization weighted index of UK-listed blue chip companies.\nThe S&P 500® Index, or the Standard & Poor’s 500, is a stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.\nThe MSCI EMU Index (European Economic and Monetary Union) captures large and mid cap representation across the 10 developed markets countries in the EMU. With 246 constituents, the index covers approximately 85% of the free float-adjusted market capitalization of the EMU.\nIndexes are unmanaged and cannot be invested in directly.\nCopyright © Russell Investments 2021. All rights reserved. This material is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from Russell Investments. It is delivered on an “as is” basis without warranty.\nFrank Russell Company is the owner of the Russell trademarks contained in this material and all trademark rights related to the Russell trademarks, which the members of the Russell Investments group of companies are permitted to use under license from Frank Russell Company. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the “FTSE RUSSELL” brand.\nProducts and services described on this website are intended forUnited States residents only. Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. 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Russell Investments' employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851927186,"gmtCreate":1634865455857,"gmtModify":1634866373650,"author":{"id":"3579310238184228","authorId":"3579310238184228","name":"rossannathom","avatar":"https://static.tigerbbs.com/fee5c4cb302a57e628de9da574d73fff","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Dips are always a good chance to average out&nbsp;","listText":"Dips are always a good chance to average out&nbsp;","text":"Dips are always a good chance to average out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851927186","repostId":"1193622859","repostType":4,"repost":{"id":"1193622859","pubTimestamp":1634863923,"share":"https://www.laohu8.com/m/news/1193622859?lang=&edition=full","pubTime":"2021-10-22 08:52","market":"us","language":"en","title":"Tilray Stock: 3 Reasons to Buy the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=1193622859","media":"TheStreet","summary":"Tilray stock has traded substantially higher as shares of other cannabis companies also spiked. Wall","content":"<p>Tilray stock has traded substantially higher as shares of other cannabis companies also spiked. Wall Street Memes assesses whether TLRY may present a good opportunity at current levels.</p>\n<p>Canadian cannabis company Tilray one of the most popular stocks of its kind on Reddit, has finally showed some signs of life and caught investors’ attention. Shares traded 14% higher on October 19, despite it still being down a whopping 42% for the year. The most probable reason for bullishness is the&nbsp;hiring&nbsp;of former Bacardi executive Blair MacNeil as the company's president.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0d2d448c57e40ef7549c13c7b3e0306\" tg-width=\"1240\" tg-height=\"697\" width=\"100%\" height=\"auto\"><span>Figure 1: TLRY's IPO.</span></p>\n<p>TLRY has been free-falling since the early February peaks due, in part, to lack of regulatory catalysts in the cannabis space. However, Wall Street Memes sees a few good reasons to buy the stock at depressed levels.</p>\n<p><b>#1. Reaching for global leadership</b></p>\n<p>Tilray has made key acquisitions since December of last year. The biggest corporate deal was the merger with Aphria.</p>\n<p>Since the two combined, Tilray turned into a market leader in Canada and accelerated its long-term plan of becoming the world’s leading cannabis-focused consumer company. The Tilray-Aphria merger was justified by (1) market positioning in North America, (2) a foothold in Europe, and (3) lower production costs and synergies.</p>\n<p>A few months ago, Tilray purchased cannabis company MedMen Enterprises, which has 24 retail locations in six U.S. states. The investment was also aligned with the company’s goal of being a key global player in the cannabis space. CEO Irwin D. Simon has said:</p>\n<blockquote>\n <i>“The investment we are announcing in MedMen securities, one of the most recognized brands in the $80 billion U.S. cannabis market, is a critical step towards delivering on our objective as we work to enable Tilray to lead the U.S. market when legalization allows.”</i>\n</blockquote>\n<p><b>#2. $91 billion market opportunity</b></p>\n<p>Third-partydatasuggests that the legal cannabis market will reach a whopping $91 billion by 2028, implying an impressive CAGR of 26%. As medical cannabis has recently become legal in many parts of the world, further legalization can be the key catalyst boosting product demand. The expected growth in the sector is also attributed to awareness about the health benefits of cannabis.</p>\n<p>Additional&nbsp;data&nbsp;suggests that the global cannabis pharmaceutical market was set to grow from $67 million in 2019 by a CAGR of 76% through 2027. Should Tilray position itself as a key player in this rapidly growing industry, investors stand to reap the benefits over the next several years.</p>\n<p><b>#3. Good vibes from Wall Street</b></p>\n<p>Current share price of $11.50, at last check, is still far from sell-sideconsensusof $14.73. Despite an average neutral rating among analysts, Wall Street still sees 27% upside potential over the next twelve months.</p>\n<p>Jefferies’ analyst Owen Bennett is much more optimistic, and sees gain potential of 90% at his price target of $22. HeexpectsTilray to strike sizable deals in the US sometime soon. The analyst also thinks that Tilray should buy cannabis assets to achieve the company’s ambitious sales target.</p>\n<p>A bit less bullish is Bank of America’s analyst Heather Balsky. Still, shebelievesin 48% upside at a price target of $15. According to the analyst, the acquisition of MedMen positions the company well in the US and provides distribution opportunities in Canada and Europe.</p>\n<p>Even the skeptical ones, including Piper Sandler analyst Michael Lavery, has a price target of $14. At those levels, TLRY would be&nbsp;worth&nbsp;38% more than it is now. The analyst’s caution is based on increased competition from low-price providers.</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>Tilray Stock: 3 Reasons to Buy the Dip</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\">\nTilray Stock: 3 Reasons to Buy the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-22 08:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/memestocks/other-memes/3-reasons-to-buy-tilray-stock-now><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tilray stock has traded substantially higher as shares of other cannabis companies also spiked. Wall Street Memes assesses whether TLRY may present a good opportunity at current levels.\nCanadian ...</p>\n\n<a href=\"https://www.thestreet.com/memestocks/other-memes/3-reasons-to-buy-tilray-stock-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TLRY":"Tilray Inc."},"source_url":"https://www.thestreet.com/memestocks/other-memes/3-reasons-to-buy-tilray-stock-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193622859","content_text":"Tilray stock has traded substantially higher as shares of other cannabis companies also spiked. Wall Street Memes assesses whether TLRY may present a good opportunity at current levels.\nCanadian cannabis company Tilray one of the most popular stocks of its kind on Reddit, has finally showed some signs of life and caught investors’ attention. Shares traded 14% higher on October 19, despite it still being down a whopping 42% for the year. The most probable reason for bullishness is the hiring of former Bacardi executive Blair MacNeil as the company's president.\nFigure 1: TLRY's IPO.\nTLRY has been free-falling since the early February peaks due, in part, to lack of regulatory catalysts in the cannabis space. However, Wall Street Memes sees a few good reasons to buy the stock at depressed levels.\n#1. Reaching for global leadership\nTilray has made key acquisitions since December of last year. The biggest corporate deal was the merger with Aphria.\nSince the two combined, Tilray turned into a market leader in Canada and accelerated its long-term plan of becoming the world’s leading cannabis-focused consumer company. The Tilray-Aphria merger was justified by (1) market positioning in North America, (2) a foothold in Europe, and (3) lower production costs and synergies.\nA few months ago, Tilray purchased cannabis company MedMen Enterprises, which has 24 retail locations in six U.S. states. The investment was also aligned with the company’s goal of being a key global player in the cannabis space. CEO Irwin D. Simon has said:\n\n“The investment we are announcing in MedMen securities, one of the most recognized brands in the $80 billion U.S. cannabis market, is a critical step towards delivering on our objective as we work to enable Tilray to lead the U.S. market when legalization allows.”\n\n#2. $91 billion market opportunity\nThird-partydatasuggests that the legal cannabis market will reach a whopping $91 billion by 2028, implying an impressive CAGR of 26%. As medical cannabis has recently become legal in many parts of the world, further legalization can be the key catalyst boosting product demand. The expected growth in the sector is also attributed to awareness about the health benefits of cannabis.\nAdditional data suggests that the global cannabis pharmaceutical market was set to grow from $67 million in 2019 by a CAGR of 76% through 2027. Should Tilray position itself as a key player in this rapidly growing industry, investors stand to reap the benefits over the next several years.\n#3. Good vibes from Wall Street\nCurrent share price of $11.50, at last check, is still far from sell-sideconsensusof $14.73. Despite an average neutral rating among analysts, Wall Street still sees 27% upside potential over the next twelve months.\nJefferies’ analyst Owen Bennett is much more optimistic, and sees gain potential of 90% at his price target of $22. HeexpectsTilray to strike sizable deals in the US sometime soon. The analyst also thinks that Tilray should buy cannabis assets to achieve the company’s ambitious sales target.\nA bit less bullish is Bank of America’s analyst Heather Balsky. Still, shebelievesin 48% upside at a price target of $15. According to the analyst, the acquisition of MedMen positions the company well in the US and provides distribution opportunities in Canada and Europe.\nEven the skeptical ones, including Piper Sandler analyst Michael Lavery, has a price target of $14. At those levels, TLRY would be worth 38% more than it is now. The analyst’s caution is based on increased competition from low-price providers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}