lowL的个人主页 - 老虎社区

lowL

lowL

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2021-11-01

Great ariticle, would you like to share it?

@小虎活动:[Halloween Game] Trade or Treat!

2021-10-11

$SINGAPORE AIRLINES LTD(C6L.SI)$fly to the moon #VTL

2021-06-28

Still need a letter T

2021-06-18

https://www.tigerbrokers.com.sg/activity/market/2021/7th-anniversary/*ZOC2SW-index.html?feature=Message&platform=android&lang=en_US&skin=1&edition=fundamental&invite=ZOC2SWNeed T!

2021-06-18

Let's go BB

抱歉，原内容已删除

2021-06-18

Come on let's go to the moon

2021-06-03

Let's go to the moon [贱笑]

2021-06-03

$BlackBerry(BB)$[得意]

2021-05-28

To the moon🚀

2021-05-28

$SINGAPORE AIRLINES LTD(C6L.SI)$keep gng!

2021-05-21

Back on track

2021-05-20

$SINGAPORE AIRLINES LTD(C6L.SI)$keep going!

2021-05-20

Buy or don't buy?

2021-05-19

Today is tomorrow's yesterday

2021-05-19

$AMD(AMD)$slowly and steady

2021-05-17

$SINGAPORE AIRLINES LTD(C6L.SI)$gogogo

2021-05-05

$Walt Disney(DIS)$...

2021-05-05

Buy and hold. Like and comment

抱歉，原内容已删除

2021-05-04

Like and comment pls

Is The US Economy A Virtual Reality?<blockquote>美国经济是虚拟现实吗？</blockquote>

2021-05-03

Like and comment away~

抱歉，原内容已删除

去老虎APP查看更多动态

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Disney(DIS)$...","images":[{"img":"https://static.tigerbbs.com/8bb1f12526ba33691f2a4d81856517fa","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/102223034","isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":102229680,"gmtCreate":1620219397440,"gmtModify":1634206909771,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581826058071830","authorIdStr":"3581826058071830"},"themes":[],"htmlText":"Buy and hold. Like and comment","listText":"Buy and hold. Like and comment","text":"Buy and hold. Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/102229680","repostId":"2132510807","repostType":4,"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106268655,"gmtCreate":1620125139677,"gmtModify":1634207641411,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581826058071830","authorIdStr":"3581826058071830"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/106268655","repostId":"1197943594","repostType":4,"repost":{"id":"1197943594","kind":"news","pubTimestamp":1620124996,"share":"https://www.laohu8.com/m/news/1197943594?lang=zh_CN&edition=full","pubTime":"2021-05-04 18:43","market":"us","language":"en","title":"Is The US Economy A Virtual Reality?<blockquote>美国经济是虚拟现实吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197943594","media":"zerohedge","summary":"An owner of the bar explained to me that he has been closed for a full year and yet miraculously sti","content":"<p>An owner of the bar explained to me that he has been closed for a full year and yet miraculously still survives, thanks to vast infusions of government money to cover his rent and upkeep and sustain essential employees. He is looking forward to reopening but is<b>having a hard time finding employees. Many have moved to Florida. Others, he said, “are happy to live off government money rather than work.”</b></p><p><blockquote>酒吧的一位老板向我解释说，他已经关门整整一年了，但奇迹般地仍然活了下来，这要归功于政府注入的大量资金来支付他的租金和维护费用，并维持重要的员工。他期待着重新开业，但<b>很难找到员工。许多人已经搬到了佛罗里达。他说，其他人“很乐意靠政府的钱生活，而不是工作。”</b></blockquote></p><p> His main puzzle is how it can be true that the government has the resources to sustain so many businesses in a full year of lockdowns. The money is falling like manna from heaven.</p><p><blockquote>他的主要困惑是，政府怎么可能真的有资源在一整年的封锁中维持这么多企业。钱像吗哪一样从天而降。</blockquote></p><p>   <i><b>“From all my years in business, every instinct tells me that this can’t be right. It might work for a little while but someone has to pay these bills. There is no magic money tree out there to achieve such things.”</b></i>  <b>The tree might not be magic but it does exist.</b></p><p><blockquote><i><b>“从我多年的商业生涯来看，每一种直觉都告诉我，这不可能是对的。它可能会在一段时间内奏效，但必须有人支付这些账单。没有神奇的摇钱树可以实现这些事情。”</b></i><b>这棵树可能不是魔法，但它确实存在。</b></blockquote></p><p> It’s called the Federal Reserve.</p><p><blockquote>它被称为美联储。</blockquote></p><p> Here is the alarming chart of the broadest definition of national money, which reveals an<b>unprecedented increase in the money supply</b>over the last year.</p><p><blockquote>这是一张令人震惊的图表，显示了国家货币最广泛的定义，它揭示了一个<b>货币供应量空前增加</b>在过去一年里。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3b33ab7f69ce98140d3c8541540f2ef5\" tg-width=\"500\" tg-height=\"191\" referrerpolicy=\"no-referrer\">The effects of such a thing can be&nbsp;difficult to trace. And much depends on factors outside the Fed’s control. Even the attempt to reign in the long-run effects could fail. Even so, the short-term effects, combined with unprecedented increases in government spending, have been to create the appearance of near full recovery.</p><p><blockquote>这种事情的影响可能很难追踪。这在很大程度上取决于美联储无法控制的因素。即使是控制长期影响的尝试也可能失败。即便如此，短期影响，加上政府支出前所未有的增加，造成了接近全面复苏的表象。</blockquote></p><p> <b>By the aggregated data alone, the US economy seems almost back to normal.</b>Gross Domestic Product is higher now than pre-pandemic and poised to roar much higher.</p><p><blockquote><b>仅从综合数据来看，美国经济似乎几乎恢复正常。</b>现在的国内生产总值高于疫情之前，并且有望飙升得更高。</blockquote></p><p>   “What’s amazing,”&nbsp;writes&nbsp;the&nbsp;  <i>Wall Street Journal</i>, “is that U.S. output is nearly what it was in the fourth-quarter of 2019 even with payrolls being about 5% smaller.  <img src=\"https://static.tigerbbs.com/4660a898da3119fd8c2e1fe52ec0d676\" tg-width=\"500\" tg-height=\"178\" referrerpolicy=\"no-referrer\">Consumer spending on durable goods is through the roof with a 41% increase for the quarter.</p><p><blockquote>“太神奇了，”<i>华尔街日报</i>尽管就业人数减少了约5%，但美国产出几乎与2019年第四季度持平。本季度消费者在耐用品上的支出激增41%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7c109802e57d3dabd71e6122ef30cc88\" tg-width=\"500\" tg-height=\"156\" referrerpolicy=\"no-referrer\">Private residential investment, which is to say consumer spending on housing, has blown past the point at which the last housing bubble blew up.</p><p><blockquote>私人住宅投资，即消费者在住房上的支出，已经超过了上一次房地产泡沫破裂的时候。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3c33caf9df98a0feeafa86ca8bcea97c\" tg-width=\"500\" tg-height=\"157\" referrerpolicy=\"no-referrer\"><i><b>Is Valhalla really around the corner? New riches? What’s the downside?</b></i></p><p><blockquote><i><b>瓦尔哈拉真的就在眼前吗？新财富？有什么坏处？</b></i></blockquote></p><p> Following a lockdown collapse in prices, the consumer price index is pointing toward inflationary signs. The Everyday Price Index is&nbsp;climbing&nbsp;at an annualized double-digit rates.</p><p><blockquote>在封锁导致价格暴跌后，消费者价格指数显示出通胀迹象。日常价格指数正以年化两位数的速度攀升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a23206631fdd85121a1cd11843355ac6\" tg-width=\"500\" tg-height=\"176\" referrerpolicy=\"no-referrer\">No question that much of<b>this “growth” is fueled by historically high increases in government spending,</b>producing charts we’ve never seen before.</p><p><blockquote>毫无疑问<b>这种“增长”是由政府支出的历史高位增长推动的，</b>制作我们从未见过的图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3534eb09f534aa3ac9615ee5f6299582\" tg-width=\"500\" tg-height=\"174\" referrerpolicy=\"no-referrer\">These increases were not paid out of some resource reserve sitting in DC.<b>They are paid by astronomical increases in borrowing.</b>Here are the increases in the public debt to GDP ratio.</p><p><blockquote>这些增长并不是从DC的一些资源储备中支付的。<b>他们通过借贷的天文数字增长来支付。</b>以下是公共债务与GDP比率的增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ebf7c01e4270b2641020471739787110\" tg-width=\"500\" tg-height=\"174\" referrerpolicy=\"no-referrer\">What all this aggregate data misses is the huge dislocations, distortions, and outright destruction that occurred because of the unprecedented use of extreme lockdowns in 2020. The<i>New York Times</i>&nbsp;provides a helpful analysis of existing sectors relative to what might have happened outside the pandemic lockdowns.</p><p><blockquote>所有这些汇总数据都忽略了由于2020年前所未有地使用极端封锁而发生的巨大混乱、扭曲和彻底破坏。The<i>纽约时报</i>提供了与疫情封锁之外可能发生的情况相关的现有部门的有用分析。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/249fca0e9740cccfe032a35635a8d811\" tg-width=\"500\" tg-height=\"453\" referrerpolicy=\"no-referrer\"><b>Thus are some sectors of the US economy booming to new highs, while others are still in deep depression.</b>The sectors that were locked down (entertainment, art, food, hotels, recreation), and those other sectors indirectly affected by lockdowns (exports, transportation, energy) are still wallowing in misery, having been battered by compulsory shutdowns that wrecked so many business models or otherwise forced them onto the government dole.</p><p><blockquote><b>因此，美国经济的一些部门正在蓬勃发展，达到新高，而另一些部门仍处于深度萧条之中。</b>被封锁的行业（娱乐、艺术、食品、酒店、休闲）以及间接受到封锁影响的其他行业（出口、运输、能源）仍在痛苦中挣扎，遭受了强制关闭的打击，这些关闭摧毁了如此多的商业模式或以其他方式迫使它们接受政府救济。</blockquote></p><p> One of the figures that fascinates me is the one on health care. It is still down 5.9% from what it might have been without the pandemic. Historians of the future will surely be amazed by such data. In a pandemic with such tremendous sickness and death, one would expect spending on health care to rocket higher than ever before.</p><p><blockquote>让我着迷的一个数字是关于医疗保健的。与没有大流行的情况相比，仍下降了5.9%。未来的历史学家肯定会对这样的数据感到惊讶。在一个疾病和死亡如此之多的大流行中，人们预计医疗保健支出将比以往任何时候都高。</blockquote></p><p> <b>Instead, what we see in health care is a collapse of fully 18% in the worst months of the pandemic, a statement that sounds ridiculous in the saying.</b></p><p><blockquote><b>相反，我们在医疗保健领域看到的是，在疫情最糟糕的几个月里，医疗保健崩溃了整整18%，这种说法听起来很荒谬。</b></blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/7c109802e57d3dabd71e6122ef30cc88\" tg-width=\"500\" tg-height=\"156\"></p><p><blockquote></blockquote></p><p> What this illustrates is one of the least-talked-about aspects of government policy over the past year: state government’s interventions in the medical system that essentially reserved most if not all hospital space for Covid patients. Routine medical care and “elective surgery” was put on hold. Dentistry services&nbsp;collapsed a year ago by 70%.</p><p><blockquote>这说明了过去一年政府政策中最少被谈论的方面之一：州政府对医疗系统的干预，基本上为Covid患者保留了大部分（如果不是全部）医院空间。常规医疗和“择期手术”被搁置。牙科服务一年前下降了70%。</blockquote></p><p> This meant missed cancer screenings, routine checkups, and normal doctor’s visits, not only because people were afraid but also because medical services faced a brutal form of central planning that had never previously happened. Thus do we get the most perverse results one can imagine: a collapse of spending on health care during a pandemic. It’s hard to isolate one piece of data that best captures the folly of government pandemic policy but perhaps this one is it.</p><p><blockquote>这意味着错过癌症筛查、常规检查和正常的医生就诊，不仅因为人们害怕，还因为医疗服务面临着前所未有的残酷形式的中央计划。因此，我们得到了人们能想象到的最反常的结果：疫情期间医疗保健支出的崩溃。很难找出一个数据最能捕捉到政府疫情政策的愚蠢，但也许这一个就是它。</blockquote></p><p> It’s impossible to know precisely what the future portends for all these unprecedented policy shocks over the last year, from money supply and spending bonanzas to lockdowns to sky-high debt accumulation.<b>But because a thing called cause-and-effect still operates in this world – we do not live in virtual reality – it seems wise to look at the seemingly great aggregate data with a gravely skeptical eye. We might be in the midst of the calm before the real storm hits.</b></p><p><blockquote>对于过去一年所有这些前所未有的政策冲击，从货币供应和支出繁荣到封锁再到天价债务积累，我们不可能准确知道未来会发生什么。<b>但因为一种叫做因果的东西仍然在这个世界上运作——我们不是生活在虚拟现实中——所以用严重怀疑的眼光看待看似巨大的汇总数据似乎是明智的。在真正的风暴来袭之前，我们可能正处于平静之中。</b></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is The US Economy A Virtual Reality?<blockquote>美国经济是虚拟现实吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs The US Economy A Virtual Reality?<blockquote>美国经济是虚拟现实吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-05-04 18:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>An owner of the bar explained to me that he has been closed for a full year and yet miraculously still survives, thanks to vast infusions of government money to cover his rent and upkeep and sustain essential employees. He is looking forward to reopening but is<b>having a hard time finding employees. Many have moved to Florida. Others, he said, “are happy to live off government money rather than work.”</b></p><p><blockquote>酒吧的一位老板向我解释说，他已经关门整整一年了，但奇迹般地仍然活了下来，这要归功于政府注入的大量资金来支付他的租金和维护费用，并维持重要的员工。他期待着重新开业，但<b>很难找到员工。许多人已经搬到了佛罗里达。他说，其他人“很乐意靠政府的钱生活，而不是工作。”</b></blockquote></p><p> His main puzzle is how it can be true that the government has the resources to sustain so many businesses in a full year of lockdowns. The money is falling like manna from heaven.</p><p><blockquote>他的主要困惑是，政府怎么可能真的有资源在一整年的封锁中维持这么多企业。钱像吗哪一样从天而降。</blockquote></p><p>   <i><b>“From all my years in business, every instinct tells me that this can’t be right. It might work for a little while but someone has to pay these bills. There is no magic money tree out there to achieve such things.”</b></i>  <b>The tree might not be magic but it does exist.</b></p><p><blockquote><i><b>“从我多年的商业生涯来看，每一种直觉都告诉我，这不可能是对的。它可能会在一段时间内奏效，但必须有人支付这些账单。没有神奇的摇钱树可以实现这些事情。”</b></i><b>这棵树可能不是魔法，但它确实存在。</b></blockquote></p><p> It’s called the Federal Reserve.</p><p><blockquote>它被称为美联储。</blockquote></p><p> Here is the alarming chart of the broadest definition of national money, which reveals an<b>unprecedented increase in the money supply</b>over the last year.</p><p><blockquote>这是一张令人震惊的图表，显示了国家货币最广泛的定义，它揭示了一个<b>货币供应量空前增加</b>在过去一年里。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3b33ab7f69ce98140d3c8541540f2ef5\" tg-width=\"500\" tg-height=\"191\" referrerpolicy=\"no-referrer\">The effects of such a thing can be&nbsp;difficult to trace. And much depends on factors outside the Fed’s control. Even the attempt to reign in the long-run effects could fail. Even so, the short-term effects, combined with unprecedented increases in government spending, have been to create the appearance of near full recovery.</p><p><blockquote>这种事情的影响可能很难追踪。这在很大程度上取决于美联储无法控制的因素。即使是控制长期影响的尝试也可能失败。即便如此，短期影响，加上政府支出前所未有的增加，造成了接近全面复苏的表象。</blockquote></p><p> <b>By the aggregated data alone, the US economy seems almost back to normal.</b>Gross Domestic Product is higher now than pre-pandemic and poised to roar much higher.</p><p><blockquote><b>仅从综合数据来看，美国经济似乎几乎恢复正常。</b>现在的国内生产总值高于疫情之前，并且有望飙升得更高。</blockquote></p><p>   “What’s amazing,”&nbsp;writes&nbsp;the&nbsp;  <i>Wall Street Journal</i>, “is that U.S. output is nearly what it was in the fourth-quarter of 2019 even with payrolls being about 5% smaller.  <img src=\"https://static.tigerbbs.com/4660a898da3119fd8c2e1fe52ec0d676\" tg-width=\"500\" tg-height=\"178\" referrerpolicy=\"no-referrer\">Consumer spending on durable goods is through the roof with a 41% increase for the quarter.</p><p><blockquote>“太神奇了，”<i>华尔街日报</i>尽管就业人数减少了约5%，但美国产出几乎与2019年第四季度持平。本季度消费者在耐用品上的支出激增41%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7c109802e57d3dabd71e6122ef30cc88\" tg-width=\"500\" tg-height=\"156\" referrerpolicy=\"no-referrer\">Private residential investment, which is to say consumer spending on housing, has blown past the point at which the last housing bubble blew up.</p><p><blockquote>私人住宅投资，即消费者在住房上的支出，已经超过了上一次房地产泡沫破裂的时候。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3c33caf9df98a0feeafa86ca8bcea97c\" tg-width=\"500\" tg-height=\"157\" referrerpolicy=\"no-referrer\"><i><b>Is Valhalla really around the corner? New riches? What’s the downside?</b></i></p><p><blockquote><i><b>瓦尔哈拉真的就在眼前吗？新财富？有什么坏处？</b></i></blockquote></p><p> Following a lockdown collapse in prices, the consumer price index is pointing toward inflationary signs. The Everyday Price Index is&nbsp;climbing&nbsp;at an annualized double-digit rates.</p><p><blockquote>在封锁导致价格暴跌后，消费者价格指数显示出通胀迹象。日常价格指数正以年化两位数的速度攀升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a23206631fdd85121a1cd11843355ac6\" tg-width=\"500\" tg-height=\"176\" referrerpolicy=\"no-referrer\">No question that much of<b>this “growth” is fueled by historically high increases in government spending,</b>producing charts we’ve never seen before.</p><p><blockquote>毫无疑问<b>这种“增长”是由政府支出的历史高位增长推动的，</b>制作我们从未见过的图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3534eb09f534aa3ac9615ee5f6299582\" tg-width=\"500\" tg-height=\"174\" referrerpolicy=\"no-referrer\">These increases were not paid out of some resource reserve sitting in DC.<b>They are paid by astronomical increases in borrowing.</b>Here are the increases in the public debt to GDP ratio.</p><p><blockquote>这些增长并不是从DC的一些资源储备中支付的。<b>他们通过借贷的天文数字增长来支付。</b>以下是公共债务与GDP比率的增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ebf7c01e4270b2641020471739787110\" tg-width=\"500\" tg-height=\"174\" referrerpolicy=\"no-referrer\">What all this aggregate data misses is the huge dislocations, distortions, and outright destruction that occurred because of the unprecedented use of extreme lockdowns in 2020. The<i>New York Times</i>&nbsp;provides a helpful analysis of existing sectors relative to what might have happened outside the pandemic lockdowns.</p><p><blockquote>所有这些汇总数据都忽略了由于2020年前所未有地使用极端封锁而发生的巨大混乱、扭曲和彻底破坏。The<i>纽约时报</i>提供了与疫情封锁之外可能发生的情况相关的现有部门的有用分析。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/249fca0e9740cccfe032a35635a8d811\" tg-width=\"500\" tg-height=\"453\" referrerpolicy=\"no-referrer\"><b>Thus are some sectors of the US economy booming to new highs, while others are still in deep depression.</b>The sectors that were locked down (entertainment, art, food, hotels, recreation), and those other sectors indirectly affected by lockdowns (exports, transportation, energy) are still wallowing in misery, having been battered by compulsory shutdowns that wrecked so many business models or otherwise forced them onto the government dole.</p><p><blockquote><b>因此，美国经济的一些部门正在蓬勃发展，达到新高，而另一些部门仍处于深度萧条之中。</b>被封锁的行业（娱乐、艺术、食品、酒店、休闲）以及间接受到封锁影响的其他行业（出口、运输、能源）仍在痛苦中挣扎，遭受了强制关闭的打击，这些关闭摧毁了如此多的商业模式或以其他方式迫使它们接受政府救济。</blockquote></p><p> One of the figures that fascinates me is the one on health care. It is still down 5.9% from what it might have been without the pandemic. Historians of the future will surely be amazed by such data. In a pandemic with such tremendous sickness and death, one would expect spending on health care to rocket higher than ever before.</p><p><blockquote>让我着迷的一个数字是关于医疗保健的。与没有大流行的情况相比，仍下降了5.9%。未来的历史学家肯定会对这样的数据感到惊讶。在一个疾病和死亡如此之多的大流行中，人们预计医疗保健支出将比以往任何时候都高。</blockquote></p><p> <b>Instead, what we see in health care is a collapse of fully 18% in the worst months of the pandemic, a statement that sounds ridiculous in the saying.</b></p><p><blockquote><b>相反，我们在医疗保健领域看到的是，在疫情最糟糕的几个月里，医疗保健崩溃了整整18%，这种说法听起来很荒谬。</b></blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/7c109802e57d3dabd71e6122ef30cc88\" tg-width=\"500\" tg-height=\"156\"></p><p><blockquote></blockquote></p><p> What this illustrates is one of the least-talked-about aspects of government policy over the past year: state government’s interventions in the medical system that essentially reserved most if not all hospital space for Covid patients. Routine medical care and “elective surgery” was put on hold. Dentistry services&nbsp;collapsed a year ago by 70%.</p><p><blockquote>这说明了过去一年政府政策中最少被谈论的方面之一：州政府对医疗系统的干预，基本上为Covid患者保留了大部分（如果不是全部）医院空间。常规医疗和“择期手术”被搁置。牙科服务一年前下降了70%。</blockquote></p><p> This meant missed cancer screenings, routine checkups, and normal doctor’s visits, not only because people were afraid but also because medical services faced a brutal form of central planning that had never previously happened. Thus do we get the most perverse results one can imagine: a collapse of spending on health care during a pandemic. It’s hard to isolate one piece of data that best captures the folly of government pandemic policy but perhaps this one is it.</p><p><blockquote>这意味着错过癌症筛查、常规检查和正常的医生就诊，不仅因为人们害怕，还因为医疗服务面临着前所未有的残酷形式的中央计划。因此，我们得到了人们能想象到的最反常的结果：疫情期间医疗保健支出的崩溃。很难找出一个数据最能捕捉到政府疫情政策的愚蠢，但也许这一个就是它。</blockquote></p><p> It’s impossible to know precisely what the future portends for all these unprecedented policy shocks over the last year, from money supply and spending bonanzas to lockdowns to sky-high debt accumulation.<b>But because a thing called cause-and-effect still operates in this world – we do not live in virtual reality – it seems wise to look at the seemingly great aggregate data with a gravely skeptical eye. We might be in the midst of the calm before the real storm hits.</b></p><p><blockquote>对于过去一年所有这些前所未有的政策冲击，从货币供应和支出繁荣到封锁再到天价债务积累，我们不可能准确知道未来会发生什么。<b>但因为一种叫做因果的东西仍然在这个世界上运作——我们不是生活在虚拟现实中——所以用严重怀疑的眼光看待看似巨大的汇总数据似乎是明智的。在真正的风暴来袭之前，我们可能正处于平静之中。</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/economics/us-economy-virtual-reality\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/economics/us-economy-virtual-reality","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197943594","content_text":"An owner of the bar explained to me that he has been closed for a full year and yet miraculously still survives, thanks to vast infusions of government money to cover his rent and upkeep and sustain essential employees. He is looking forward to reopening but ishaving a hard time finding employees. Many have moved to Florida. Others, he said, “are happy to live off government money rather than work.”\nHis main puzzle is how it can be true that the government has the resources to sustain so many businesses in a full year of lockdowns. The money is falling like manna from heaven.\n\n“From all my years in business, every instinct tells me that this can’t be right. It might work for a little while but someone has to pay these bills. There is no magic money tree out there to achieve such things.”\n\nThe tree might not be magic but it does exist.\nIt’s called the Federal Reserve.\nHere is the alarming chart of the broadest definition of national money, which reveals anunprecedented increase in the money supplyover the last year.\nThe effects of such a thing can be difficult to trace. And much depends on factors outside the Fed’s control. Even the attempt to reign in the long-run effects could fail. Even so, the short-term effects, combined with unprecedented increases in government spending, have been to create the appearance of near full recovery.\nBy the aggregated data alone, the US economy seems almost back to normal.Gross Domestic Product is higher now than pre-pandemic and poised to roar much higher.\n\n “What’s amazing,” writes the \n Wall Street Journal, “is that U.S. output is nearly what it was in the fourth-quarter of 2019 even with payrolls being about 5% smaller.\n\nConsumer spending on durable goods is through the roof with a 41% increase for the quarter.\nPrivate residential investment, which is to say consumer spending on housing, has blown past the point at which the last housing bubble blew up.\nIs Valhalla really around the corner? New riches? What’s the downside?\nFollowing a lockdown collapse in prices, the consumer price index is pointing toward inflationary signs. The Everyday Price Index is climbing at an annualized double-digit rates.\nNo question that much ofthis “growth” is fueled by historically high increases in government spending,producing charts we’ve never seen before.\nThese increases were not paid out of some resource reserve sitting in DC.They are paid by astronomical increases in borrowing.Here are the increases in the public debt to GDP ratio.\nWhat all this aggregate data misses is the huge dislocations, distortions, and outright destruction that occurred because of the unprecedented use of extreme lockdowns in 2020. TheNew York Times provides a helpful analysis of existing sectors relative to what might have happened outside the pandemic lockdowns.\nThus are some sectors of the US economy booming to new highs, while others are still in deep depression.The sectors that were locked down (entertainment, art, food, hotels, recreation), and those other sectors indirectly affected by lockdowns (exports, transportation, energy) are still wallowing in misery, having been battered by compulsory shutdowns that wrecked so many business models or otherwise forced them onto the government dole.\nOne of the figures that fascinates me is the one on health care. It is still down 5.9% from what it might have been without the pandemic. Historians of the future will surely be amazed by such data. In a pandemic with such tremendous sickness and death, one would expect spending on health care to rocket higher than ever before.\nInstead, what we see in health care is a collapse of fully 18% in the worst months of the pandemic, a statement that sounds ridiculous in the saying.\n\nWhat this illustrates is one of the least-talked-about aspects of government policy over the past year: state government’s interventions in the medical system that essentially reserved most if not all hospital space for Covid patients. Routine medical care and “elective surgery” was put on hold. Dentistry services collapsed a year ago by 70%.\nThis meant missed cancer screenings, routine checkups, and normal doctor’s visits, not only because people were afraid but also because medical services faced a brutal form of central planning that had never previously happened. Thus do we get the most perverse results one can imagine: a collapse of spending on health care during a pandemic. It’s hard to isolate one piece of data that best captures the folly of government pandemic policy but perhaps this one is it.\nIt’s impossible to know precisely what the future portends for all these unprecedented policy shocks over the last year, from money supply and spending bonanzas to lockdowns to sky-high debt accumulation.But because a thing called cause-and-effect still operates in this world – we do not live in virtual reality – it seems wise to look at the seemingly great aggregate data with a gravely skeptical eye. We might be in the midst of the calm before the real storm hits.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108683327,"gmtCreate":1620018471569,"gmtModify":1634208471267,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581826058071830","authorIdStr":"3581826058071830"},"themes":[],"htmlText":"Like and comment away~","listText":"Like and comment away~","text":"Like and comment away~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/108683327","repostId":"1146117077","repostType":4,"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":103389648,"gmtCreate":1619747815984,"gmtModify":1634210205610,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/103389648","repostId":"1153490597","repostType":4,"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192564695,"gmtCreate":1621216914817,"gmtModify":1631885598046,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>gogogo","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>gogogo","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$gogogo","images":[{"img":"https://static.tigerbbs.com/bd0a675be59143c62f7ccd9f7aff554b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":1,"link":"https://laohu8.com/post/192564695","isVote":1,"tweetType":1,"viewCount":611,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":108680129,"gmtCreate":1620018302661,"gmtModify":1634208472791,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"Like and comment away","listText":"Like and comment away","text":"Like and comment away","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/108680129","repostId":"1135819410","repostType":4,"repost":{"id":"1135819410","kind":"news","pubTimestamp":1619999342,"share":"https://www.laohu8.com/m/news/1135819410?lang=zh_CN&edition=full","pubTime":"2021-05-03 07:49","market":"us","language":"en","title":"Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135819410","media":"Barrons","summary":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi","content":"<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周，130家标普500公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一，周二情况有所好转：动视暴雪、CVS Health、杜邦、辉瑞和T-Mobile US均报告。</blockquote></p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><blockquote>周三，Barrick Gold、Booking Holdings、General Motors、PayPal控股和Uber Technologies将发布财报。百威英博、Moderna、再生元制药、Square和ViacomCBS将于周四发布。最后，Cigna将于周五结束这一周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上，主要事件将是周五的就业。美国劳工统计局预计将报告4月份非农就业人数增加97.5万人，失业率为5.8%，低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括供应管理协会周一公布的4月份制造业采购经理人指数和周三公布的服务业采购经理人指数。</blockquote></p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><blockquote>默克和Public Storage举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。市场普遍预计建筑支出环比增长0.6%，经季节调整后的年率为1.53万亿美元。</blockquote></p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布四月份制造业采购经理人指数。经济学家预测为65，与3月份的数据大致持平。3月份的读数是该指数自1983年12月以来的最高值。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、Sysco和T-Mobile US报告季度业绩。</blockquote></p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展计划。</blockquote></p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋公司举办2021年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、BorgWarner、Emerson Electric、General Motors、Hilton Worldwide Holdings、Novo Nordisk、PayPal控股和Uber Technologies发布财报。</blockquote></p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>四月份全国就业报告。继3月份增加517,000个工作岗位后，预计私营部门就业岗位将增加762,500个。</blockquote></p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>4月份服务业PMI。普遍的看涨期权为64.6，比3月份的数据高出一个百分点。3月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务公司、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS和Zoetishold在评级召开会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至5月1日当周首次申请失业救济人数。4月份平均每周初请失业金人数为611,750人，处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节调整后的生产率年增长率为2.2%，而2020年第四季度为下降4.2%。单位劳动力成本在此前上涨6%后预计将下降0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>星期五5/7</b></blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布四月份就业报告。经济学家预测非农就业人数将增加975,000人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、ViacomCBS、General Motors等本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-03 07:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周，130家标普500公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一，周二情况有所好转：动视暴雪、CVS Health、杜邦、辉瑞和T-Mobile US均报告。</blockquote></p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><blockquote>周三，Barrick Gold、Booking Holdings、General Motors、PayPal控股和Uber Technologies将发布财报。百威英博、Moderna、再生元制药、Square和ViacomCBS将于周四发布。最后，Cigna将于周五结束这一周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上，主要事件将是周五的就业。美国劳工统计局预计将报告4月份非农就业人数增加97.5万人，失业率为5.8%，低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括供应管理协会周一公布的4月份制造业采购经理人指数和周三公布的服务业采购经理人指数。</blockquote></p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><blockquote>默克和Public Storage举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。市场普遍预计建筑支出环比增长0.6%，经季节调整后的年率为1.53万亿美元。</blockquote></p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布四月份制造业采购经理人指数。经济学家预测为65，与3月份的数据大致持平。3月份的读数是该指数自1983年12月以来的最高值。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、Sysco和T-Mobile US报告季度业绩。</blockquote></p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展计划。</blockquote></p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋公司举办2021年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、BorgWarner、Emerson Electric、General Motors、Hilton Worldwide Holdings、Novo Nordisk、PayPal控股和Uber Technologies发布财报。</blockquote></p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>四月份全国就业报告。继3月份增加517,000个工作岗位后，预计私营部门就业岗位将增加762,500个。</blockquote></p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>4月份服务业PMI。普遍的看涨期权为64.6，比3月份的数据高出一个百分点。3月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务公司、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS和Zoetishold在评级召开会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至5月1日当周首次申请失业救济人数。4月份平均每周初请失业金人数为611,750人，处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节调整后的生产率年增长率为2.2%，而2020年第四季度为下降4.2%。单位劳动力成本在此前上涨6%后预计将下降0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>星期五5/7</b></blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布四月份就业报告。经济学家预测非农就业人数将增加975,000人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步",".IXIC":"NASDAQ Composite","PFE":"辉瑞",".SPX":"S&P 500 Index","GM":"通用汽车","PYPL":"PayPal",".DJI":"道琼斯","TMUS":"T-Mobile US Inc"},"source_url":"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135819410","content_text":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.Enterprise Products Partners and Estée Lauder release earnings.Merck and Public Storage hold virtual investor days.The Census Bureau reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.Tuesday 5/4Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.Eli Lilly holds a conference call to discuss its sustainability initiatives.Union Pacific holds its 2021 virtual investor day.Wednesday 5/5Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.ADP releases its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.ISM releases its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.Thursday 5/6Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.The Department of Labor reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.The Bureau of Labor Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.Friday 5/7The Bureau of Labor Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.Cigna and Liberty Media report earnings.","news_type":1,"symbols_score_info":{"TMUS":0.9,"GM":0.9,"PFE":0.9,"PYPL":0.9,"VIACP":0.9,".SPX":0.9,".DJI":0.9,"UBER":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111467890,"gmtCreate":1622693593710,"gmtModify":1634099064371,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>[得意]&nbsp;","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>[得意]&nbsp;","text":"$BlackBerry(BB)$[得意]","images":[{"img":"https://static.tigerbbs.com/aa58e7f8180375dcd9707a0f66e4d9ac","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/111467890","isVote":1,"tweetType":1,"viewCount":2508,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":101348070,"gmtCreate":1619851192690,"gmtModify":1634209469023,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"Like and comment!","listText":"Like and comment!","text":"Like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/101348070","repostId":"1142063705","repostType":4,"isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106268655,"gmtCreate":1620125139677,"gmtModify":1634207641411,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/106268655","repostId":"1197943594","repostType":4,"repost":{"id":"1197943594","kind":"news","pubTimestamp":1620124996,"share":"https://www.laohu8.com/m/news/1197943594?lang=zh_CN&edition=full","pubTime":"2021-05-04 18:43","market":"us","language":"en","title":"Is The US Economy A Virtual Reality?<blockquote>美国经济是虚拟现实吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197943594","media":"zerohedge","summary":"An owner of the bar explained to me that he has been closed for a full year and yet miraculously sti","content":"<p>An owner of the bar explained to me that he has been closed for a full year and yet miraculously still survives, thanks to vast infusions of government money to cover his rent and upkeep and sustain essential employees. He is looking forward to reopening but is<b>having a hard time finding employees. Many have moved to Florida. Others, he said, “are happy to live off government money rather than work.”</b></p><p><blockquote>酒吧的一位老板向我解释说，他已经关门整整一年了，但奇迹般地仍然活了下来，这要归功于政府注入的大量资金来支付他的租金和维护费用，并维持重要的员工。他期待着重新开业，但<b>很难找到员工。许多人已经搬到了佛罗里达。他说，其他人“很乐意靠政府的钱生活，而不是工作。”</b></blockquote></p><p> His main puzzle is how it can be true that the government has the resources to sustain so many businesses in a full year of lockdowns. The money is falling like manna from heaven.</p><p><blockquote>他的主要困惑是，政府怎么可能真的有资源在一整年的封锁中维持这么多企业。钱像吗哪一样从天而降。</blockquote></p><p>   <i><b>“From all my years in business, every instinct tells me that this can’t be right. It might work for a little while but someone has to pay these bills. There is no magic money tree out there to achieve such things.”</b></i>  <b>The tree might not be magic but it does exist.</b></p><p><blockquote><i><b>“从我多年的商业生涯来看，每一种直觉都告诉我，这不可能是对的。它可能会在一段时间内奏效，但必须有人支付这些账单。没有神奇的摇钱树可以实现这些事情。”</b></i><b>这棵树可能不是魔法，但它确实存在。</b></blockquote></p><p> It’s called the Federal Reserve.</p><p><blockquote>它被称为美联储。</blockquote></p><p> Here is the alarming chart of the broadest definition of national money, which reveals an<b>unprecedented increase in the money supply</b>over the last year.</p><p><blockquote>这是一张令人震惊的图表，显示了国家货币最广泛的定义，它揭示了一个<b>货币供应量空前增加</b>在过去一年里。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3b33ab7f69ce98140d3c8541540f2ef5\" tg-width=\"500\" tg-height=\"191\" referrerpolicy=\"no-referrer\">The effects of such a thing can be&nbsp;difficult to trace. And much depends on factors outside the Fed’s control. Even the attempt to reign in the long-run effects could fail. Even so, the short-term effects, combined with unprecedented increases in government spending, have been to create the appearance of near full recovery.</p><p><blockquote>这种事情的影响可能很难追踪。这在很大程度上取决于美联储无法控制的因素。即使是控制长期影响的尝试也可能失败。即便如此，短期影响，加上政府支出前所未有的增加，造成了接近全面复苏的表象。</blockquote></p><p> <b>By the aggregated data alone, the US economy seems almost back to normal.</b>Gross Domestic Product is higher now than pre-pandemic and poised to roar much higher.</p><p><blockquote><b>仅从综合数据来看，美国经济似乎几乎恢复正常。</b>现在的国内生产总值高于疫情之前，并且有望飙升得更高。</blockquote></p><p>   “What’s amazing,”&nbsp;writes&nbsp;the&nbsp;  <i>Wall Street Journal</i>, “is that U.S. output is nearly what it was in the fourth-quarter of 2019 even with payrolls being about 5% smaller.  <img src=\"https://static.tigerbbs.com/4660a898da3119fd8c2e1fe52ec0d676\" tg-width=\"500\" tg-height=\"178\" referrerpolicy=\"no-referrer\">Consumer spending on durable goods is through the roof with a 41% increase for the quarter.</p><p><blockquote>“太神奇了，”<i>华尔街日报</i>尽管就业人数减少了约5%，但美国产出几乎与2019年第四季度持平。本季度消费者在耐用品上的支出激增41%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7c109802e57d3dabd71e6122ef30cc88\" tg-width=\"500\" tg-height=\"156\" referrerpolicy=\"no-referrer\">Private residential investment, which is to say consumer spending on housing, has blown past the point at which the last housing bubble blew up.</p><p><blockquote>私人住宅投资，即消费者在住房上的支出，已经超过了上一次房地产泡沫破裂的时候。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3c33caf9df98a0feeafa86ca8bcea97c\" tg-width=\"500\" tg-height=\"157\" referrerpolicy=\"no-referrer\"><i><b>Is Valhalla really around the corner? New riches? What’s the downside?</b></i></p><p><blockquote><i><b>瓦尔哈拉真的就在眼前吗？新财富？有什么坏处？</b></i></blockquote></p><p> Following a lockdown collapse in prices, the consumer price index is pointing toward inflationary signs. The Everyday Price Index is&nbsp;climbing&nbsp;at an annualized double-digit rates.</p><p><blockquote>在封锁导致价格暴跌后，消费者价格指数显示出通胀迹象。日常价格指数正以年化两位数的速度攀升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a23206631fdd85121a1cd11843355ac6\" tg-width=\"500\" tg-height=\"176\" referrerpolicy=\"no-referrer\">No question that much of<b>this “growth” is fueled by historically high increases in government spending,</b>producing charts we’ve never seen before.</p><p><blockquote>毫无疑问<b>这种“增长”是由政府支出的历史高位增长推动的，</b>制作我们从未见过的图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3534eb09f534aa3ac9615ee5f6299582\" tg-width=\"500\" tg-height=\"174\" referrerpolicy=\"no-referrer\">These increases were not paid out of some resource reserve sitting in DC.<b>They are paid by astronomical increases in borrowing.</b>Here are the increases in the public debt to GDP ratio.</p><p><blockquote>这些增长并不是从DC的一些资源储备中支付的。<b>他们通过借贷的天文数字增长来支付。</b>以下是公共债务与GDP比率的增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ebf7c01e4270b2641020471739787110\" tg-width=\"500\" tg-height=\"174\" referrerpolicy=\"no-referrer\">What all this aggregate data misses is the huge dislocations, distortions, and outright destruction that occurred because of the unprecedented use of extreme lockdowns in 2020. The<i>New York Times</i>&nbsp;provides a helpful analysis of existing sectors relative to what might have happened outside the pandemic lockdowns.</p><p><blockquote>所有这些汇总数据都忽略了由于2020年前所未有地使用极端封锁而发生的巨大混乱、扭曲和彻底破坏。The<i>纽约时报</i>提供了与疫情封锁之外可能发生的情况相关的现有部门的有用分析。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/249fca0e9740cccfe032a35635a8d811\" tg-width=\"500\" tg-height=\"453\" referrerpolicy=\"no-referrer\"><b>Thus are some sectors of the US economy booming to new highs, while others are still in deep depression.</b>The sectors that were locked down (entertainment, art, food, hotels, recreation), and those other sectors indirectly affected by lockdowns (exports, transportation, energy) are still wallowing in misery, having been battered by compulsory shutdowns that wrecked so many business models or otherwise forced them onto the government dole.</p><p><blockquote><b>因此，美国经济的一些部门正在蓬勃发展，达到新高，而另一些部门仍处于深度萧条之中。</b>被封锁的行业（娱乐、艺术、食品、酒店、休闲）以及间接受到封锁影响的其他行业（出口、运输、能源）仍在痛苦中挣扎，遭受了强制关闭的打击，这些关闭摧毁了如此多的商业模式或以其他方式迫使它们接受政府救济。</blockquote></p><p> One of the figures that fascinates me is the one on health care. It is still down 5.9% from what it might have been without the pandemic. Historians of the future will surely be amazed by such data. In a pandemic with such tremendous sickness and death, one would expect spending on health care to rocket higher than ever before.</p><p><blockquote>让我着迷的一个数字是关于医疗保健的。与没有大流行的情况相比，仍下降了5.9%。未来的历史学家肯定会对这样的数据感到惊讶。在一个疾病和死亡如此之多的大流行中，人们预计医疗保健支出将比以往任何时候都高。</blockquote></p><p> <b>Instead, what we see in health care is a collapse of fully 18% in the worst months of the pandemic, a statement that sounds ridiculous in the saying.</b></p><p><blockquote><b>相反，我们在医疗保健领域看到的是，在疫情最糟糕的几个月里，医疗保健崩溃了整整18%，这种说法听起来很荒谬。</b></blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/7c109802e57d3dabd71e6122ef30cc88\" tg-width=\"500\" tg-height=\"156\"></p><p><blockquote></blockquote></p><p> What this illustrates is one of the least-talked-about aspects of government policy over the past year: state government’s interventions in the medical system that essentially reserved most if not all hospital space for Covid patients. Routine medical care and “elective surgery” was put on hold. Dentistry services&nbsp;collapsed a year ago by 70%.</p><p><blockquote>这说明了过去一年政府政策中最少被谈论的方面之一：州政府对医疗系统的干预，基本上为Covid患者保留了大部分（如果不是全部）医院空间。常规医疗和“择期手术”被搁置。牙科服务一年前下降了70%。</blockquote></p><p> This meant missed cancer screenings, routine checkups, and normal doctor’s visits, not only because people were afraid but also because medical services faced a brutal form of central planning that had never previously happened. Thus do we get the most perverse results one can imagine: a collapse of spending on health care during a pandemic. It’s hard to isolate one piece of data that best captures the folly of government pandemic policy but perhaps this one is it.</p><p><blockquote>这意味着错过癌症筛查、常规检查和正常的医生就诊，不仅因为人们害怕，还因为医疗服务面临着前所未有的残酷形式的中央计划。因此，我们得到了人们能想象到的最反常的结果：疫情期间医疗保健支出的崩溃。很难找出一个数据最能捕捉到政府疫情政策的愚蠢，但也许这一个就是它。</blockquote></p><p> It’s impossible to know precisely what the future portends for all these unprecedented policy shocks over the last year, from money supply and spending bonanzas to lockdowns to sky-high debt accumulation.<b>But because a thing called cause-and-effect still operates in this world – we do not live in virtual reality – it seems wise to look at the seemingly great aggregate data with a gravely skeptical eye. We might be in the midst of the calm before the real storm hits.</b></p><p><blockquote>对于过去一年所有这些前所未有的政策冲击，从货币供应和支出繁荣到封锁再到天价债务积累，我们不可能准确知道未来会发生什么。<b>但因为一种叫做因果的东西仍然在这个世界上运作——我们不是生活在虚拟现实中——所以用严重怀疑的眼光看待看似巨大的汇总数据似乎是明智的。在真正的风暴来袭之前，我们可能正处于平静之中。</b></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is The US Economy A Virtual Reality?<blockquote>美国经济是虚拟现实吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs The US Economy A Virtual Reality?<blockquote>美国经济是虚拟现实吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-05-04 18:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>An owner of the bar explained to me that he has been closed for a full year and yet miraculously still survives, thanks to vast infusions of government money to cover his rent and upkeep and sustain essential employees. He is looking forward to reopening but is<b>having a hard time finding employees. Many have moved to Florida. Others, he said, “are happy to live off government money rather than work.”</b></p><p><blockquote>酒吧的一位老板向我解释说，他已经关门整整一年了，但奇迹般地仍然活了下来，这要归功于政府注入的大量资金来支付他的租金和维护费用，并维持重要的员工。他期待着重新开业，但<b>很难找到员工。许多人已经搬到了佛罗里达。他说，其他人“很乐意靠政府的钱生活，而不是工作。”</b></blockquote></p><p> His main puzzle is how it can be true that the government has the resources to sustain so many businesses in a full year of lockdowns. The money is falling like manna from heaven.</p><p><blockquote>他的主要困惑是，政府怎么可能真的有资源在一整年的封锁中维持这么多企业。钱像吗哪一样从天而降。</blockquote></p><p>   <i><b>“From all my years in business, every instinct tells me that this can’t be right. It might work for a little while but someone has to pay these bills. There is no magic money tree out there to achieve such things.”</b></i>  <b>The tree might not be magic but it does exist.</b></p><p><blockquote><i><b>“从我多年的商业生涯来看，每一种直觉都告诉我，这不可能是对的。它可能会在一段时间内奏效，但必须有人支付这些账单。没有神奇的摇钱树可以实现这些事情。”</b></i><b>这棵树可能不是魔法，但它确实存在。</b></blockquote></p><p> It’s called the Federal Reserve.</p><p><blockquote>它被称为美联储。</blockquote></p><p> Here is the alarming chart of the broadest definition of national money, which reveals an<b>unprecedented increase in the money supply</b>over the last year.</p><p><blockquote>这是一张令人震惊的图表，显示了国家货币最广泛的定义，它揭示了一个<b>货币供应量空前增加</b>在过去一年里。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3b33ab7f69ce98140d3c8541540f2ef5\" tg-width=\"500\" tg-height=\"191\" referrerpolicy=\"no-referrer\">The effects of such a thing can be&nbsp;difficult to trace. And much depends on factors outside the Fed’s control. Even the attempt to reign in the long-run effects could fail. Even so, the short-term effects, combined with unprecedented increases in government spending, have been to create the appearance of near full recovery.</p><p><blockquote>这种事情的影响可能很难追踪。这在很大程度上取决于美联储无法控制的因素。即使是控制长期影响的尝试也可能失败。即便如此，短期影响，加上政府支出前所未有的增加，造成了接近全面复苏的表象。</blockquote></p><p> <b>By the aggregated data alone, the US economy seems almost back to normal.</b>Gross Domestic Product is higher now than pre-pandemic and poised to roar much higher.</p><p><blockquote><b>仅从综合数据来看，美国经济似乎几乎恢复正常。</b>现在的国内生产总值高于疫情之前，并且有望飙升得更高。</blockquote></p><p>   “What’s amazing,”&nbsp;writes&nbsp;the&nbsp;  <i>Wall Street Journal</i>, “is that U.S. output is nearly what it was in the fourth-quarter of 2019 even with payrolls being about 5% smaller.  <img src=\"https://static.tigerbbs.com/4660a898da3119fd8c2e1fe52ec0d676\" tg-width=\"500\" tg-height=\"178\" referrerpolicy=\"no-referrer\">Consumer spending on durable goods is through the roof with a 41% increase for the quarter.</p><p><blockquote>“太神奇了，”<i>华尔街日报</i>尽管就业人数减少了约5%，但美国产出几乎与2019年第四季度持平。本季度消费者在耐用品上的支出激增41%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7c109802e57d3dabd71e6122ef30cc88\" tg-width=\"500\" tg-height=\"156\" referrerpolicy=\"no-referrer\">Private residential investment, which is to say consumer spending on housing, has blown past the point at which the last housing bubble blew up.</p><p><blockquote>私人住宅投资，即消费者在住房上的支出，已经超过了上一次房地产泡沫破裂的时候。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3c33caf9df98a0feeafa86ca8bcea97c\" tg-width=\"500\" tg-height=\"157\" referrerpolicy=\"no-referrer\"><i><b>Is Valhalla really around the corner? New riches? What’s the downside?</b></i></p><p><blockquote><i><b>瓦尔哈拉真的就在眼前吗？新财富？有什么坏处？</b></i></blockquote></p><p> Following a lockdown collapse in prices, the consumer price index is pointing toward inflationary signs. The Everyday Price Index is&nbsp;climbing&nbsp;at an annualized double-digit rates.</p><p><blockquote>在封锁导致价格暴跌后，消费者价格指数显示出通胀迹象。日常价格指数正以年化两位数的速度攀升。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a23206631fdd85121a1cd11843355ac6\" tg-width=\"500\" tg-height=\"176\" referrerpolicy=\"no-referrer\">No question that much of<b>this “growth” is fueled by historically high increases in government spending,</b>producing charts we’ve never seen before.</p><p><blockquote>毫无疑问<b>这种“增长”是由政府支出的历史高位增长推动的，</b>制作我们从未见过的图表。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/3534eb09f534aa3ac9615ee5f6299582\" tg-width=\"500\" tg-height=\"174\" referrerpolicy=\"no-referrer\">These increases were not paid out of some resource reserve sitting in DC.<b>They are paid by astronomical increases in borrowing.</b>Here are the increases in the public debt to GDP ratio.</p><p><blockquote>这些增长并不是从DC的一些资源储备中支付的。<b>他们通过借贷的天文数字增长来支付。</b>以下是公共债务与GDP比率的增长。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ebf7c01e4270b2641020471739787110\" tg-width=\"500\" tg-height=\"174\" referrerpolicy=\"no-referrer\">What all this aggregate data misses is the huge dislocations, distortions, and outright destruction that occurred because of the unprecedented use of extreme lockdowns in 2020. The<i>New York Times</i>&nbsp;provides a helpful analysis of existing sectors relative to what might have happened outside the pandemic lockdowns.</p><p><blockquote>所有这些汇总数据都忽略了由于2020年前所未有地使用极端封锁而发生的巨大混乱、扭曲和彻底破坏。The<i>纽约时报</i>提供了与疫情封锁之外可能发生的情况相关的现有部门的有用分析。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/249fca0e9740cccfe032a35635a8d811\" tg-width=\"500\" tg-height=\"453\" referrerpolicy=\"no-referrer\"><b>Thus are some sectors of the US economy booming to new highs, while others are still in deep depression.</b>The sectors that were locked down (entertainment, art, food, hotels, recreation), and those other sectors indirectly affected by lockdowns (exports, transportation, energy) are still wallowing in misery, having been battered by compulsory shutdowns that wrecked so many business models or otherwise forced them onto the government dole.</p><p><blockquote><b>因此，美国经济的一些部门正在蓬勃发展，达到新高，而另一些部门仍处于深度萧条之中。</b>被封锁的行业（娱乐、艺术、食品、酒店、休闲）以及间接受到封锁影响的其他行业（出口、运输、能源）仍在痛苦中挣扎，遭受了强制关闭的打击，这些关闭摧毁了如此多的商业模式或以其他方式迫使它们接受政府救济。</blockquote></p><p> One of the figures that fascinates me is the one on health care. It is still down 5.9% from what it might have been without the pandemic. Historians of the future will surely be amazed by such data. In a pandemic with such tremendous sickness and death, one would expect spending on health care to rocket higher than ever before.</p><p><blockquote>让我着迷的一个数字是关于医疗保健的。与没有大流行的情况相比，仍下降了5.9%。未来的历史学家肯定会对这样的数据感到惊讶。在一个疾病和死亡如此之多的大流行中，人们预计医疗保健支出将比以往任何时候都高。</blockquote></p><p> <b>Instead, what we see in health care is a collapse of fully 18% in the worst months of the pandemic, a statement that sounds ridiculous in the saying.</b></p><p><blockquote><b>相反，我们在医疗保健领域看到的是，在疫情最糟糕的几个月里，医疗保健崩溃了整整18%，这种说法听起来很荒谬。</b></blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/7c109802e57d3dabd71e6122ef30cc88\" tg-width=\"500\" tg-height=\"156\"></p><p><blockquote></blockquote></p><p> What this illustrates is one of the least-talked-about aspects of government policy over the past year: state government’s interventions in the medical system that essentially reserved most if not all hospital space for Covid patients. Routine medical care and “elective surgery” was put on hold. Dentistry services&nbsp;collapsed a year ago by 70%.</p><p><blockquote>这说明了过去一年政府政策中最少被谈论的方面之一：州政府对医疗系统的干预，基本上为Covid患者保留了大部分（如果不是全部）医院空间。常规医疗和“择期手术”被搁置。牙科服务一年前下降了70%。</blockquote></p><p> This meant missed cancer screenings, routine checkups, and normal doctor’s visits, not only because people were afraid but also because medical services faced a brutal form of central planning that had never previously happened. Thus do we get the most perverse results one can imagine: a collapse of spending on health care during a pandemic. It’s hard to isolate one piece of data that best captures the folly of government pandemic policy but perhaps this one is it.</p><p><blockquote>这意味着错过癌症筛查、常规检查和正常的医生就诊，不仅因为人们害怕，还因为医疗服务面临着前所未有的残酷形式的中央计划。因此，我们得到了人们能想象到的最反常的结果：疫情期间医疗保健支出的崩溃。很难找出一个数据最能捕捉到政府疫情政策的愚蠢，但也许这一个就是它。</blockquote></p><p> It’s impossible to know precisely what the future portends for all these unprecedented policy shocks over the last year, from money supply and spending bonanzas to lockdowns to sky-high debt accumulation.<b>But because a thing called cause-and-effect still operates in this world – we do not live in virtual reality – it seems wise to look at the seemingly great aggregate data with a gravely skeptical eye. We might be in the midst of the calm before the real storm hits.</b></p><p><blockquote>对于过去一年所有这些前所未有的政策冲击，从货币供应和支出繁荣到封锁再到天价债务积累，我们不可能准确知道未来会发生什么。<b>但因为一种叫做因果的东西仍然在这个世界上运作——我们不是生活在虚拟现实中——所以用严重怀疑的眼光看待看似巨大的汇总数据似乎是明智的。在真正的风暴来袭之前，我们可能正处于平静之中。</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/economics/us-economy-virtual-reality\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/economics/us-economy-virtual-reality","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197943594","content_text":"An owner of the bar explained to me that he has been closed for a full year and yet miraculously still survives, thanks to vast infusions of government money to cover his rent and upkeep and sustain essential employees. He is looking forward to reopening but ishaving a hard time finding employees. Many have moved to Florida. Others, he said, “are happy to live off government money rather than work.”\nHis main puzzle is how it can be true that the government has the resources to sustain so many businesses in a full year of lockdowns. The money is falling like manna from heaven.\n\n“From all my years in business, every instinct tells me that this can’t be right. It might work for a little while but someone has to pay these bills. There is no magic money tree out there to achieve such things.”\n\nThe tree might not be magic but it does exist.\nIt’s called the Federal Reserve.\nHere is the alarming chart of the broadest definition of national money, which reveals anunprecedented increase in the money supplyover the last year.\nThe effects of such a thing can be difficult to trace. And much depends on factors outside the Fed’s control. Even the attempt to reign in the long-run effects could fail. Even so, the short-term effects, combined with unprecedented increases in government spending, have been to create the appearance of near full recovery.\nBy the aggregated data alone, the US economy seems almost back to normal.Gross Domestic Product is higher now than pre-pandemic and poised to roar much higher.\n\n “What’s amazing,” writes the \n Wall Street Journal, “is that U.S. output is nearly what it was in the fourth-quarter of 2019 even with payrolls being about 5% smaller.\n\nConsumer spending on durable goods is through the roof with a 41% increase for the quarter.\nPrivate residential investment, which is to say consumer spending on housing, has blown past the point at which the last housing bubble blew up.\nIs Valhalla really around the corner? New riches? What’s the downside?\nFollowing a lockdown collapse in prices, the consumer price index is pointing toward inflationary signs. The Everyday Price Index is climbing at an annualized double-digit rates.\nNo question that much ofthis “growth” is fueled by historically high increases in government spending,producing charts we’ve never seen before.\nThese increases were not paid out of some resource reserve sitting in DC.They are paid by astronomical increases in borrowing.Here are the increases in the public debt to GDP ratio.\nWhat all this aggregate data misses is the huge dislocations, distortions, and outright destruction that occurred because of the unprecedented use of extreme lockdowns in 2020. TheNew York Times provides a helpful analysis of existing sectors relative to what might have happened outside the pandemic lockdowns.\nThus are some sectors of the US economy booming to new highs, while others are still in deep depression.The sectors that were locked down (entertainment, art, food, hotels, recreation), and those other sectors indirectly affected by lockdowns (exports, transportation, energy) are still wallowing in misery, having been battered by compulsory shutdowns that wrecked so many business models or otherwise forced them onto the government dole.\nOne of the figures that fascinates me is the one on health care. It is still down 5.9% from what it might have been without the pandemic. Historians of the future will surely be amazed by such data. In a pandemic with such tremendous sickness and death, one would expect spending on health care to rocket higher than ever before.\nInstead, what we see in health care is a collapse of fully 18% in the worst months of the pandemic, a statement that sounds ridiculous in the saying.\n\nWhat this illustrates is one of the least-talked-about aspects of government policy over the past year: state government’s interventions in the medical system that essentially reserved most if not all hospital space for Covid patients. Routine medical care and “elective surgery” was put on hold. Dentistry services collapsed a year ago by 70%.\nThis meant missed cancer screenings, routine checkups, and normal doctor’s visits, not only because people were afraid but also because medical services faced a brutal form of central planning that had never previously happened. Thus do we get the most perverse results one can imagine: a collapse of spending on health care during a pandemic. It’s hard to isolate one piece of data that best captures the folly of government pandemic policy but perhaps this one is it.\nIt’s impossible to know precisely what the future portends for all these unprecedented policy shocks over the last year, from money supply and spending bonanzas to lockdowns to sky-high debt accumulation.But because a thing called cause-and-effect still operates in this world – we do not live in virtual reality – it seems wise to look at the seemingly great aggregate data with a gravely skeptical eye. We might be in the midst of the calm before the real storm hits.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197405857,"gmtCreate":1621476671879,"gmtModify":1631885597684,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>keep going!&nbsp;","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>keep going!&nbsp;","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$keep going!","images":[{"img":"https://static.tigerbbs.com/ca65293d7e90ffeb75ba6f3f9f809a1d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197405857","isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":100585401,"gmtCreate":1619621757903,"gmtModify":1634211251441,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"Like and comment please","listText":"Like and comment please","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/100585401","repostId":"1131068131","repostType":4,"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":828426072,"gmtCreate":1633938401056,"gmtModify":1633938401329,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>fly to the moon #VTL","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>fly to the moon #VTL","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$fly to the moon #VTL","images":[{"img":"https://static.tigerbbs.com/f2a706626e74a6a2e21877a6071ba8e6","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/828426072","isVote":1,"tweetType":1,"viewCount":2868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":127223402,"gmtCreate":1624851857406,"gmtModify":1633947947005,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"Still need a letter T","listText":"Still need a letter T","text":"Still need a letter T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/127223402","isVote":1,"tweetType":1,"viewCount":2661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166633162,"gmtCreate":1624005298056,"gmtModify":1634024240108,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"https://www.tigerbrokers.com.sg/activity/market/2021/7th-anniversary/*ZOC2SW-index.html?feature=Message&amp;platform=android&amp;lang=en_US&amp;skin=1&amp;edition=fundamental&amp;invite=ZOC2SWNeed T!","listText":"https://www.tigerbrokers.com.sg/activity/market/2021/7th-anniversary/*ZOC2SW-index.html?feature=Message&amp;platform=android&amp;lang=en_US&amp;skin=1&amp;edition=fundamental&amp;invite=ZOC2SWNeed T!","text":"https://www.tigerbrokers.com.sg/activity/market/2021/7th-anniversary/*ZOC2SW-index.html?feature=Message&platform=android&lang=en_US&skin=1&edition=fundamental&invite=ZOC2SWNeed T!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/166633162","isVote":1,"tweetType":1,"viewCount":1921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108689267,"gmtCreate":1620018406659,"gmtModify":1634208471627,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"No thank you, next","listText":"No thank you, next","text":"No thank you, next","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/108689267","repostId":"1121605010","repostType":4,"isVote":1,"tweetType":1,"viewCount":295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100270148,"gmtCreate":1619619023384,"gmtModify":1631885090005,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>🤣","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>🤣","text":"$Walt Disney(DIS)$🤣","images":[{"img":"https://static.tigerbbs.com/4899a0f009d0f5852dce35332fb2aed5","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/100270148","isVote":1,"tweetType":1,"viewCount":574,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":373041656,"gmtCreate":1618806053575,"gmtModify":1634290788137,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"Keep watch!&nbsp;","listText":"Keep watch!&nbsp;","text":"Keep 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gng!","images":[{"img":"https://static.tigerbbs.com/85cb32287760de0ea77b18ec73193182","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134064180","isVote":1,"tweetType":1,"viewCount":1968,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":102223034,"gmtCreate":1620219490728,"gmtModify":1631885085788,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>...","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>...","text":"$Walt Disney(DIS)$...","images":[{"img":"https://static.tigerbbs.com/8bb1f12526ba33691f2a4d81856517fa","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/102223034","isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":108689962,"gmtCreate":1620018350356,"gmtModify":1634208472088,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"Drop like grape","listText":"Drop like grape","text":"Drop like grape","images":[{"img":"https://static.tigerbbs.com/f3fce73417832c3d3b069c73ccf0846a","width":"1080","height":"2737"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/108689962","isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":108617512,"gmtCreate":1620018198336,"gmtModify":1634208473509,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"Sell and wait","listText":"Sell and wait","text":"Sell and wait","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/108617512","repostId":"2132548564","repostType":4,"repost":{"id":"2132548564","kind":"highlight","pubTimestamp":1620001778,"share":"https://www.laohu8.com/m/news/2132548564?lang=zh_CN&edition=full","pubTime":"2021-05-03 08:29","market":"us","language":"en","title":"U.S. stocks have risen to all-time highs this year. Should you ‘sell in May and go away’?<blockquote>美股今年已升至历史新高。你应该“在五月卖掉然后离开”吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2132548564","media":"MarketWatch","summary":"In the past, the sell-in-May strategy shakes out better in Europe than in the U.S.\n\nStocks have been","content":"<p>In the past, the sell-in-May strategy shakes out better in Europe than in the U.S.</p><p><blockquote>过去，五月卖出策略在欧洲的效果比在美国更好。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/18b93b4406770158f62b0e2dd392f424\" tg-width=\"1260\" tg-height=\"822\"></p><p><blockquote></blockquote></p><p> Stocks have been on a tear this year, leaving investors to question whether to \"sell in May and go away.\"</p><p><blockquote>今年股市一直在上涨，让投资者质疑是否“在五月卖出并离开”。</blockquote></p><p> \"With stocks at record highs, some investors may be tempted to follow the old adage,\" a team of strategists at UBS Group's global wealth management division, wrote in a note Friday.</p><p><blockquote>瑞银集团全球财富管理部门的策略师团队周五在一份报告中写道：“随着股市创下历史新高，一些投资者可能会倾向于遵循这句古老的格言。”</blockquote></p><p> The hypothesis is that equities tend to underperform in the six months through October, so investors should sell stocks at the start of May, invest in cash and then re-enter the market in late autumn, the strategists said. Historically, the approach has worked for Europe, but not as well in the U.S., according to their note.</p><p><blockquote>策略师表示，假设股市在截至10月份的六个月内往往表现不佳，因此投资者应该在5月初出售股票，投资现金，然后在深秋重新进入市场。根据他们的报告，从历史上看，这种方法在欧洲很有效，但在美国效果不佳。</blockquote></p><p> \"In the U.S., a stay invested strategy has tended to outperform, particularly in recent years,\" the strategists said. \"Market composition, with the U.S. market more tilted towards growth stocks, partly explains the outperformance.\"</p><p><blockquote>策略师表示：“在美国，保持投资策略往往表现出色，尤其是近年来。”“市场构成，美国市场更倾向于成长型股票，部分解释了表现优异的原因。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b499645739c349ea55647a2512665932\" tg-width=\"1064\" tg-height=\"808\"></p><p><blockquote></blockquote></p><p> The technology sector now accounts for 27% of the S&amp;P 500, or much higher than the 8% weighting for the MSCI Europe index, according to UBS. For that reason, investors who tried timing the U.S. equity benchmark for \"seasonal reasons\" would have missed the outperformance of growth stocks in the bull market since the global financial crisis of 2008-09.</p><p><blockquote>瑞银的数据显示，科技行业目前占标普500的27%，远高于MSCI欧洲指数8%的权重。出于这个原因，试图出于“季节性原因”选择美国股市基准时机的投资者将错过自2008-09年全球金融危机以来成长型股票在牛市中的优异表现。</blockquote></p><p> Using the past as a guide, the UBS team recommends staying invested, even through they also point to historical evidence in Europe that supported a sell-in-May strategy.</p><p><blockquote>瑞银团队以过去为指导，建议保持投资，尽管他们也指出欧洲的历史证据支持5月份的卖出策略。</blockquote></p><p> Over the past 15 years, returns in Europe have been negative in June 80% of the time, according to the report. \"This has contributed to a sell-in-May strategy outperforming a stay invested strategy during those years,\" the strategists said.</p><p><blockquote>报告称，在过去15年中，欧洲6月份80%的回报率为负。策略师表示：“这导致5月份卖出策略的表现优于那些年的继续投资策略。”</blockquote></p><p> Meanwhile, the U.S. stock market has risen to all-time records this year, including as recently as this week, as measured by the S&amp;P 500 and Dow Jones Industrial Average benchmarks. The S&amp;P 500 rose to a record 4,211.47 finish on April 29, for example, and was up 11.3% this year as of Friday's close.</p><p><blockquote>与此同时，根据标普500和道琼斯工业平均指数基准衡量，美国股市今年已升至历史纪录，包括最近的本周。例如，标普500在4月29日升至创纪录的4,211.47点，截至周五收盘，今年已上涨11.3%。</blockquote></p><p> \"We are now entering a time of year when stocks have historically found it more challenging to advance,\" according to the UBS report. \"With many equity indexes making new highs, some measures of sentiment looking extended, and ongoing concerns about the spread of new COVID-19 variants,\" some investors may be contemplating selling.</p><p><blockquote>瑞银的报告称：“我们现在正进入一年中历史上股市上涨更具挑战性的时期。”“随着许多股指创下新高，一些情绪指标看起来有所延长，以及对新的COVID-19变种传播的持续担忧，”一些投资者可能正在考虑抛售。</blockquote></p><p> Billionaire investor Leon Cooperman, a self-described \"fully invested bear,\" told CNBC on Friday that he has \"an eye on the exit\" given a coming expected rise in taxes, inflation and a \"reasonably richly appraised market.\"</p><p><blockquote>自称“完全投资空头”的亿万富翁投资者莱昂·库珀曼(Leon Cooperman)周五对CNBC表示，鉴于税收、通胀和“估值相当高的市场”即将到来，他“正在关注退出”。</blockquote></p><p> Ryan Detrick, chief market strategist for LPL Financial, said in a blog Friday that the six months from May through October have been \"some of the weakest months of the year for stocks\" in the past 10 years. \"But with an accommodative Fed, fiscal and monetary policy, along with an economy that is opening faster than nearly anyone expected, we'd use any weakness as an opportunity to add to positions,\" he said.</p><p><blockquote>LPL Financial首席市场策略师Ryan Detrick周五在博客中表示，5月至10月的六个月是过去10年来“股市一年中最疲软的月份”。他表示：“但随着美联储、财政和货币政策的宽松，以及经济开放速度快于几乎所有人的预期，我们会利用任何疲软作为增仓的机会。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/50be26e2a50ece27ce6023a634a9e705\" tg-width=\"1260\" tg-height=\"725\"></p><p><blockquote></blockquote></p><p> \"Here's the catch,\" Detrick said. \"Stocks have actually been higher during these worst months of the year eight of the past ten years.\"</p><p><blockquote>“问题是，”德特里克说。“在过去十年中最糟糕的八个月里，股市实际上走高。”</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stocks have risen to all-time highs this year. Should you ‘sell in May and go away’?<blockquote>美股今年已升至历史新高。你应该“在五月卖掉然后离开”吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks have risen to all-time highs this year. Should you ‘sell in May and go away’?<blockquote>美股今年已升至历史新高。你应该“在五月卖掉然后离开”吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-05-03 08:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In the past, the sell-in-May strategy shakes out better in Europe than in the U.S.</p><p><blockquote>过去，五月卖出策略在欧洲的效果比在美国更好。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/18b93b4406770158f62b0e2dd392f424\" tg-width=\"1260\" tg-height=\"822\"></p><p><blockquote></blockquote></p><p> Stocks have been on a tear this year, leaving investors to question whether to \"sell in May and go away.\"</p><p><blockquote>今年股市一直在上涨，让投资者质疑是否“在五月卖出并离开”。</blockquote></p><p> \"With stocks at record highs, some investors may be tempted to follow the old adage,\" a team of strategists at UBS Group's global wealth management division, wrote in a note Friday.</p><p><blockquote>瑞银集团全球财富管理部门的策略师团队周五在一份报告中写道：“随着股市创下历史新高，一些投资者可能会倾向于遵循这句古老的格言。”</blockquote></p><p> The hypothesis is that equities tend to underperform in the six months through October, so investors should sell stocks at the start of May, invest in cash and then re-enter the market in late autumn, the strategists said. Historically, the approach has worked for Europe, but not as well in the U.S., according to their note.</p><p><blockquote>策略师表示，假设股市在截至10月份的六个月内往往表现不佳，因此投资者应该在5月初出售股票，投资现金，然后在深秋重新进入市场。根据他们的报告，从历史上看，这种方法在欧洲很有效，但在美国效果不佳。</blockquote></p><p> \"In the U.S., a stay invested strategy has tended to outperform, particularly in recent years,\" the strategists said. \"Market composition, with the U.S. market more tilted towards growth stocks, partly explains the outperformance.\"</p><p><blockquote>策略师表示：“在美国，保持投资策略往往表现出色，尤其是近年来。”“市场构成，美国市场更倾向于成长型股票，部分解释了表现优异的原因。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b499645739c349ea55647a2512665932\" tg-width=\"1064\" tg-height=\"808\"></p><p><blockquote></blockquote></p><p> The technology sector now accounts for 27% of the S&amp;P 500, or much higher than the 8% weighting for the MSCI Europe index, according to UBS. For that reason, investors who tried timing the U.S. equity benchmark for \"seasonal reasons\" would have missed the outperformance of growth stocks in the bull market since the global financial crisis of 2008-09.</p><p><blockquote>瑞银的数据显示，科技行业目前占标普500的27%，远高于MSCI欧洲指数8%的权重。出于这个原因，试图出于“季节性原因”选择美国股市基准时机的投资者将错过自2008-09年全球金融危机以来成长型股票在牛市中的优异表现。</blockquote></p><p> Using the past as a guide, the UBS team recommends staying invested, even through they also point to historical evidence in Europe that supported a sell-in-May strategy.</p><p><blockquote>瑞银团队以过去为指导，建议保持投资，尽管他们也指出欧洲的历史证据支持5月份的卖出策略。</blockquote></p><p> Over the past 15 years, returns in Europe have been negative in June 80% of the time, according to the report. \"This has contributed to a sell-in-May strategy outperforming a stay invested strategy during those years,\" the strategists said.</p><p><blockquote>报告称，在过去15年中，欧洲6月份80%的回报率为负。策略师表示：“这导致5月份卖出策略的表现优于那些年的继续投资策略。”</blockquote></p><p> Meanwhile, the U.S. stock market has risen to all-time records this year, including as recently as this week, as measured by the S&amp;P 500 and Dow Jones Industrial Average benchmarks. The S&amp;P 500 rose to a record 4,211.47 finish on April 29, for example, and was up 11.3% this year as of Friday's close.</p><p><blockquote>与此同时，根据标普500和道琼斯工业平均指数基准衡量，美国股市今年已升至历史纪录，包括最近的本周。例如，标普500在4月29日升至创纪录的4,211.47点，截至周五收盘，今年已上涨11.3%。</blockquote></p><p> \"We are now entering a time of year when stocks have historically found it more challenging to advance,\" according to the UBS report. \"With many equity indexes making new highs, some measures of sentiment looking extended, and ongoing concerns about the spread of new COVID-19 variants,\" some investors may be contemplating selling.</p><p><blockquote>瑞银的报告称：“我们现在正进入一年中历史上股市上涨更具挑战性的时期。”“随着许多股指创下新高，一些情绪指标看起来有所延长，以及对新的COVID-19变种传播的持续担忧，”一些投资者可能正在考虑抛售。</blockquote></p><p> Billionaire investor Leon Cooperman, a self-described \"fully invested bear,\" told CNBC on Friday that he has \"an eye on the exit\" given a coming expected rise in taxes, inflation and a \"reasonably richly appraised market.\"</p><p><blockquote>自称“完全投资空头”的亿万富翁投资者莱昂·库珀曼(Leon Cooperman)周五对CNBC表示，鉴于税收、通胀和“估值相当高的市场”即将到来，他“正在关注退出”。</blockquote></p><p> Ryan Detrick, chief market strategist for LPL Financial, said in a blog Friday that the six months from May through October have been \"some of the weakest months of the year for stocks\" in the past 10 years. \"But with an accommodative Fed, fiscal and monetary policy, along with an economy that is opening faster than nearly anyone expected, we'd use any weakness as an opportunity to add to positions,\" he said.</p><p><blockquote>LPL Financial首席市场策略师Ryan Detrick周五在博客中表示，5月至10月的六个月是过去10年来“股市一年中最疲软的月份”。他表示：“但随着美联储、财政和货币政策的宽松，以及经济开放速度快于几乎所有人的预期，我们会利用任何疲软作为增仓的机会。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/50be26e2a50ece27ce6023a634a9e705\" tg-width=\"1260\" tg-height=\"725\"></p><p><blockquote></blockquote></p><p> \"Here's the catch,\" Detrick said. \"Stocks have actually been higher during these worst months of the year eight of the past ten years.\"</p><p><blockquote>“问题是，”德特里克说。“在过去十年中最糟糕的八个月里，股市实际上走高。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/u-s-stocks-have-risen-to-all-time-highs-this-year-should-you-sell-in-may-and-go-away-11619818845?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".DJI":"道琼斯","UPRO":"三倍做多标普500ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","IVV":"标普500ETF-iShares",".SPX":"S&P 500 Index","SH":"做空标普500-Proshares","OEX":"标普100","SSO":"2倍做多标普500ETF-ProShares",".IXIC":"NASDAQ Composite","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares"},"source_url":"https://www.marketwatch.com/story/u-s-stocks-have-risen-to-all-time-highs-this-year-should-you-sell-in-may-and-go-away-11619818845?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132548564","content_text":"In the past, the sell-in-May strategy shakes out better in Europe than in the U.S.\n\nStocks have been on a tear this year, leaving investors to question whether to \"sell in May and go away.\"\n\"With stocks at record highs, some investors may be tempted to follow the old adage,\" a team of strategists at UBS Group's global wealth management division, wrote in a note Friday.\nThe hypothesis is that equities tend to underperform in the six months through October, so investors should sell stocks at the start of May, invest in cash and then re-enter the market in late autumn, the strategists said. Historically, the approach has worked for Europe, but not as well in the U.S., according to their note.\n\"In the U.S., a stay invested strategy has tended to outperform, particularly in recent years,\" the strategists said. \"Market composition, with the U.S. market more tilted towards growth stocks, partly explains the outperformance.\"\n\nThe technology sector now accounts for 27% of the S&P 500, or much higher than the 8% weighting for the MSCI Europe index, according to UBS. For that reason, investors who tried timing the U.S. equity benchmark for \"seasonal reasons\" would have missed the outperformance of growth stocks in the bull market since the global financial crisis of 2008-09.\nUsing the past as a guide, the UBS team recommends staying invested, even through they also point to historical evidence in Europe that supported a sell-in-May strategy.\nOver the past 15 years, returns in Europe have been negative in June 80% of the time, according to the report. \"This has contributed to a sell-in-May strategy outperforming a stay invested strategy during those years,\" the strategists said.\nMeanwhile, the U.S. stock market has risen to all-time records this year, including as recently as this week, as measured by the S&P 500 and Dow Jones Industrial Average benchmarks. The S&P 500 rose to a record 4,211.47 finish on April 29, for example, and was up 11.3% this year as of Friday's close.\n\"We are now entering a time of year when stocks have historically found it more challenging to advance,\" according to the UBS report. \"With many equity indexes making new highs, some measures of sentiment looking extended, and ongoing concerns about the spread of new COVID-19 variants,\" some investors may be contemplating selling.\nBillionaire investor Leon Cooperman, a self-described \"fully invested bear,\" told CNBC on Friday that he has \"an eye on the exit\" given a coming expected rise in taxes, inflation and a \"reasonably richly appraised market.\"\nRyan Detrick, chief market strategist for LPL Financial, said in a blog Friday that the six months from May through October have been \"some of the weakest months of the year for stocks\" in the past 10 years. \"But with an accommodative Fed, fiscal and monetary policy, along with an economy that is opening faster than nearly anyone expected, we'd use any weakness as an opportunity to add to positions,\" he said.\n\n\"Here's the catch,\" Detrick said. \"Stocks have actually been higher during these worst months of the year eight of the past ten years.\"","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,".IXIC":0.9,".SPX":0.9,".DJI":0.9,"IVV":0.9,"SDS":0.9,"SH":0.9,"OEX":0.9,"UPRO":0.9,"SPXU":0.9,"ESmain":0.9,"SSO":0.9,"OEF":0.9}},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373043079,"gmtCreate":1618805939991,"gmtModify":1634290789432,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"Buy the dip? Like pls","listText":"Buy the dip? Like pls","text":"Buy the dip? Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373043079","repostId":"2128868471","repostType":4,"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":849719504,"gmtCreate":1635777058423,"gmtModify":1635777058423,"author":{"id":"3581826058071830","authorId":"3581826058071830","name":"lowL","avatar":"https://static.tigerbbs.com/e402389af24b2e459cf28cbcd53a4715","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581826058071830","idStr":"3581826058071830"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/849719504","repostId":"850756569","repostType":1,"repost":{"id":850756569,"gmtCreate":1634631211448,"gmtModify":1635853120757,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/9e396d03155923b283948d2dec9191f8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"36984908995200","idStr":"36984908995200"},"themes":[],"title":"[Halloween Game] Trade or Treat!","htmlText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","listText":"Hello, dear Tigers!&nbsp; Happy&nbsp;Halloween!&nbsp;🎃🎃🎃&nbsp;&nbsp; <a href=\"https://www.tigerbrokers.com.sg/activity/market/2021/halloween/?lang=en_US#/\" target=\"_blank\">Tap&nbsp;here&nbsp;to&nbsp;play the Halloween game,&nbsp;and&nbsp;you&nbsp;stand&nbsp;a&nbsp;chance&nbsp;to win various rewards!&nbsp;</a> Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1.&nbsp;How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'.&nbsp; 2.&nbsp;How to collect points? Each player has 30 seconds to catch falling candies while av","text":"Hello, dear Tigers! Happy Halloween! 🎃🎃🎃 Tap here to play the Halloween game, and you stand a chance to win various rewards! Promotion Period: October 27, 2021 18:00 - November 9, 2021 18:00 (SGT) 1. How to Participate? All Tiger clients may collect points which can be used to redeem rewards by taking part in the Trade or Treating Game. All existing Tiger clients will have 2 game attempts. Clients can get more game attempts by completing different tasks, such as 'Invite a friend' or 'Share Halloween Game'. 2. How to collect points? Each player has 30 seconds to catch falling candies while av","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/850756569","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}