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2021-07-03

Again?

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2021-07-01

Great

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2021-06-30

Pig also can fly now

Stocks Close at New Highs—Again. What’s Next.<blockquote>股市再次收于新高。下一步是什么？</blockquote>

2021-06-28

MU gogogo

Don't Miss What 3 Nasdaq Stocks Do Next Week<blockquote>不要错过 3 只纳斯达克股票下周的表现</blockquote>

2021-06-24

[强]

抱歉，原内容已删除

2021-06-22

不再旺了？

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2021-06-21

Hope the vaccination will start in Taiwan very soon

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2021-06-18

Miss the boat

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2021-06-18

Online betting still looked as future trend

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2021-06-17

[晕]

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2021-06-17

Inflation worries surface again

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2021-06-16

[强]

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2021-06-16

[贱笑]

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2021-06-15

[正经]

Oatly's business strategy is the main reason to own the stock, Truist analysts say<blockquote>Truist 分析师表示，Oatly 的业务战略是持有该股票的主要原因</blockquote>

2021-06-13

[强]

抱歉，原内容已删除

2021-06-12

Airlines see some lights ahead

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2021-06-11

Music stopped?

Most of meme stocks dropped in morning trading<blockquote>大多数模因股票在早盘交易中下跌</blockquote>

2021-06-09

Meme meme[财迷]

S&P 500 closes little changed as "meme stocks" extend rally<blockquote>“模因股票”延续涨势，标普500收盘变化不大</blockquote>

2021-06-08

Don't think so

Have Stocks Already Priced In The "Economic Boom"?<blockquote>股票已经在“经济繁荣”中定价了吗？</blockquote>

2021-06-07

[强]

抱歉，原内容已删除

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also can fly now","listText":"Pig also can fly now","text":"Pig also can fly now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153739936","repostId":"1120731200","repostType":4,"repost":{"id":"1120731200","kind":"news","pubTimestamp":1625047078,"share":"https://www.laohunote.com/m/news/1120731200?lang=zh_CN&edition=full","pubTime":"2021-06-30 17:57","market":"us","language":"en","title":"Stocks Close at New Highs—Again. What’s Next.<blockquote>股市再次收于新高。下一步是什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120731200","media":"Barrons","summary":"Stocks rose to new all-time highs on Tuesday as economic data beat estimates.\nThe Dow Jones Industri","content":"<p>Stocks rose to new all-time highs on Tuesday as economic data beat estimates.</p><p><blockquote>由于经济数据超出预期，周二股市升至历史新高。</blockquote></p><p> The&nbsp;Dow Jones Industrial Average rose 9 points, or 0.03%. The&nbsp;S&amp;P 500 rose 0.03% and closed at a record 4,291.90. The&nbsp;Nasdaq Composite&nbsp;rose 0.2%, also closing at a new high of 14,528.33.</p><p><blockquote>道琼斯工业平均指数上涨9点，涨幅0.03%。标普500上涨0.03%，收于创纪录的4,291.90点。纳斯达克综合指数上涨0.2%，也收于14,528.33点的新高。</blockquote></p><p> “While plenty of good news is now priced into markets, and we advise investors to brace for bouts of volatility ahead, we don’t see record highs as a barrier to further gains,” writes Mark Haefele, UBS’ chief investment officer of global wealth management.</p><p><blockquote>“瑞银全球财富管理首席投资官马克-海费勒（Mark Haefele）写道：”虽然现在市场上有很多利好消息，我们建议投资者为未来的波动做好准备，但我们并不认为历史新高会成为进一步上涨的障碍。</blockquote></p><p> The Case-Shiller U.S. home-price index for April rose 14.6% year over year,&nbsp;the fastest annual rate in more than 30 years. The index is a key point of interest as investors look for clues about what might prompt the&nbsp;Federal Reserve to potentially raise interest rates.</p><p><blockquote>4月份凯斯-席勒美国房价指数同比上涨14.6%，为30多年来最快年率。随着投资者寻找可能促使美联储可能加息的线索，该指数是一个令人感兴趣的关键点。</blockquote></p><p> Fed members are discussing reducing the size of the mortgage bond buying program, which currently sits at $40 billion a month. Those purchases keep mortgage bond prices high and their yields low, stimulating housing demand.</p><p><blockquote>美联储成员正在讨论缩小抵押贷款债券购买计划的规模，目前该计划每月规模为 400 亿美元。这些购买使抵押贷款债券价格保持在高位，收益率保持在低位，从而刺激了住房需求。</blockquote></p><p> The consumer confidence index rose to 127.3 for June, higher than the anticipated 118.7 and last month’s 120. As states reopen and the employment picture brightens, consumers are increasingly confident, often a signal that spending will be strong ahead. The&nbsp;Invesco S&amp;P 500 Equal Weight Consumer Discretionary Exchange-Traded Fund(RCD) gained 0.38%, outperforming the major benchmarks.</p><p><blockquote>6 月份消费者信心指数升至 127.3，高于预期的 118.7 和上月的 120。随着各州重新开放和就业前景的好转，消费者越来越有信心，这通常是未来支出将强劲的信号。景顺标普500等权重非必需消费品交易所交易基金 (RCD) 上涨 0.38%，跑赢主要基准。</blockquote></p><p> Looking ahead, “Markets may find little direction ahead of Friday’s jobs report,” writes Citigroup economist Andrew Hollenhorst. Investors are hoping that recent&nbsp;supply shortages&nbsp;aren’t derailing the employment and economic recovery, but that a potentially strong jobs result won’t suggest high enough inflation to make the Fed more willing to lift rates.</p><p><blockquote>展望未来，“花旗集团经济学家安德鲁-霍伦霍斯特（Andrew Hollenhorst）写道：”在周五的就业报告公布之前，市场可能找不到什么方向。投资者希望最近的供应短缺不会影响就业和经济复苏，但潜在的强劲就业结果并不意味着通胀足够高，以至于美联储更愿意加息。</blockquote></p><p> In Asia, Tokyo’sNikkei 225&nbsp;fell 0.8%, while Hong Kong’sHang Seng&nbsp;declined 0.9%. TheShanghai Compositedipped 0.9%. TheFTSE 100in London lifted 0.2% as the pan-EuropeanStoxx 600was 0.3% higher. The&nbsp;CAC 40&nbsp;in Paris climbed 0.1% and Frankfurt’s&nbsp;DAX&nbsp;rose 0.9%.</p><p><blockquote>在亚洲，东京日经 225 指数下跌 0.8%，香港商生指数下跌 0.9%。上证综指下跌0.9%。伦敦富时 100 指数上涨 0.2%，泛欧斯托克 600 指数上涨 0.3%。巴黎 CAC 40 指数上涨 0.1%，法兰克福 DAX 指数上涨 0.9%。</blockquote></p><p> In Europe, the reflation trade surged back, with shares in mining, industrial, and financial companies adding buoyancy to major indexes. Meanwhile, the European Commission’s economic sentiment indicator reflected a notable acceleration in economic activity at the end of the second quarter of 2021, rising in June to the highest level in 21 years.</p><p><blockquote>在欧洲，再通胀交易激增，矿业、工业和金融公司的股票为主要股指增添了活力。与此同时，欧盟委员会的经济景气指标反映出，2021 年第二季度末经济活动明显加速，6 月份升至 21 年来的最高水平。</blockquote></p><p> Mortgage lender Nationwide said that British house prices rose 13.4% in June compared with the same period last year—the largest annual rise since 2004. U.K. housebuilder stocks rallied on the news, with shares inPersimmon,Taylor Wimpey,andBarratt Development&nbsp;sat the top of the list of the FTSE 100’s risers.</p><p><blockquote>抵押贷款机构 Nationwide 表示，英国 6 月份房价较去年同期上涨 13.4%，为 2004 年以来最大年度涨幅。英国房屋建筑商股受此消息影响上涨，Persimmon、Taylor Wimpey 和 Barratt Development 的股票位居富时 100 指数涨幅榜首。</blockquote></p><p> Shares in French electric company&nbsp;Rexel&nbsp;rose 4.3% in Paris trading after the group raised its sales forecast for 2021. Rexel now expects same-day sales growth of between 12% and 15%, up from a prior forecast of between 5% and 7%.</p><p><blockquote>法国电力公司 Rexel 上调 2021 年销售预期后，该公司股价在巴黎交易中上涨 4.3%。Rexel 目前预计当日销售额增长 12% 至 15%，高于之前预测的 5% 至 7%。</blockquote></p><p> Morgan Stanley&nbsp;(ticker: MS) stock gained 3.35% after the bank doubled its dividend payment to 70 cents a share.</p><p><blockquote>摩根士丹利（股票代码：MS）股价上涨 3.35%，此前该银行将股息支付翻倍至每股 70 美分。</blockquote></p><p> Textron&nbsp;(TXT) stock gained 0.54% after getting upgraded to Overweight from Equal Weight at Morgan Stanley.</p><p><blockquote>德事隆 (TXT) 股价在摩根士丹利从同等权重上调至跑赢大盘后上涨 0.54%。</blockquote></p><p> Keurig Dr Pepper&nbsp;&nbsp;(KDP) stock gained 1.03%.&nbsp;Wells Fargo&nbsp;upgraded the stock to Overweight from Equal Weight.</p><p><blockquote>Keurig Dr Pepper (KDP) 股票上涨 1.03%。富国银行将该股评级从同等权重上调至跑赢大盘。</blockquote></p><p> Fortinet&nbsp;(FTNT) stock dropped 1.55% after being downgraded to Neutral from Buy at&nbsp;Monness Crespi &amp; Hardt.</p><p><blockquote>Fortinet (FTNT) 股价在 Monness Crespi &amp; Hardt 将评级从买入下调至中性后下跌 1.55%。</blockquote></p><p> Carvana(CVNA) stock dropped 1.23%. Piper Sandler downgraded the company to Neutral from Overweight.</p><p><blockquote>Carvana (CVNA) 股价下跌 1.23%。Piper Sandler 将该公司评级从跑赢大盘下调至中性。</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>Stocks Close at New Highs—Again. What’s Next.<blockquote>股市再次收于新高。下一步是什么？</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\">\nStocks Close at New Highs—Again. What’s Next.<blockquote>股市再次收于新高。下一步是什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-30 17:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stocks rose to new all-time highs on Tuesday as economic data beat estimates.</p><p><blockquote>由于经济数据超出预期，周二股市升至历史新高。</blockquote></p><p> The&nbsp;Dow Jones Industrial Average rose 9 points, or 0.03%. The&nbsp;S&amp;P 500 rose 0.03% and closed at a record 4,291.90. The&nbsp;Nasdaq Composite&nbsp;rose 0.2%, also closing at a new high of 14,528.33.</p><p><blockquote>道琼斯工业平均指数上涨9点，涨幅0.03%。标普500上涨0.03%，收于创纪录的4,291.90点。纳斯达克综合指数上涨0.2%，也收于14,528.33点的新高。</blockquote></p><p> “While plenty of good news is now priced into markets, and we advise investors to brace for bouts of volatility ahead, we don’t see record highs as a barrier to further gains,” writes Mark Haefele, UBS’ chief investment officer of global wealth management.</p><p><blockquote>“瑞银全球财富管理首席投资官马克-海费勒（Mark Haefele）写道：”虽然现在市场上有很多利好消息，我们建议投资者为未来的波动做好准备，但我们并不认为历史新高会成为进一步上涨的障碍。</blockquote></p><p> The Case-Shiller U.S. home-price index for April rose 14.6% year over year,&nbsp;the fastest annual rate in more than 30 years. The index is a key point of interest as investors look for clues about what might prompt the&nbsp;Federal Reserve to potentially raise interest rates.</p><p><blockquote>4月份凯斯-席勒美国房价指数同比上涨14.6%，为30多年来最快年率。随着投资者寻找可能促使美联储可能加息的线索，该指数是一个令人感兴趣的关键点。</blockquote></p><p> Fed members are discussing reducing the size of the mortgage bond buying program, which currently sits at $40 billion a month. Those purchases keep mortgage bond prices high and their yields low, stimulating housing demand.</p><p><blockquote>美联储成员正在讨论缩小抵押贷款债券购买计划的规模，目前该计划每月规模为 400 亿美元。这些购买使抵押贷款债券价格保持在高位，收益率保持在低位，从而刺激了住房需求。</blockquote></p><p> The consumer confidence index rose to 127.3 for June, higher than the anticipated 118.7 and last month’s 120. As states reopen and the employment picture brightens, consumers are increasingly confident, often a signal that spending will be strong ahead. The&nbsp;Invesco S&amp;P 500 Equal Weight Consumer Discretionary Exchange-Traded Fund(RCD) gained 0.38%, outperforming the major benchmarks.</p><p><blockquote>6 月份消费者信心指数升至 127.3，高于预期的 118.7 和上月的 120。随着各州重新开放和就业前景的好转，消费者越来越有信心，这通常是未来支出将强劲的信号。景顺标普500等权重非必需消费品交易所交易基金 (RCD) 上涨 0.38%，跑赢主要基准。</blockquote></p><p> Looking ahead, “Markets may find little direction ahead of Friday’s jobs report,” writes Citigroup economist Andrew Hollenhorst. Investors are hoping that recent&nbsp;supply shortages&nbsp;aren’t derailing the employment and economic recovery, but that a potentially strong jobs result won’t suggest high enough inflation to make the Fed more willing to lift rates.</p><p><blockquote>展望未来，“花旗集团经济学家安德鲁-霍伦霍斯特（Andrew Hollenhorst）写道：”在周五的就业报告公布之前，市场可能找不到什么方向。投资者希望最近的供应短缺不会影响就业和经济复苏，但潜在的强劲就业结果并不意味着通胀足够高，以至于美联储更愿意加息。</blockquote></p><p> In Asia, Tokyo’sNikkei 225&nbsp;fell 0.8%, while Hong Kong’sHang Seng&nbsp;declined 0.9%. TheShanghai Compositedipped 0.9%. TheFTSE 100in London lifted 0.2% as the pan-EuropeanStoxx 600was 0.3% higher. The&nbsp;CAC 40&nbsp;in Paris climbed 0.1% and Frankfurt’s&nbsp;DAX&nbsp;rose 0.9%.</p><p><blockquote>在亚洲，东京日经 225 指数下跌 0.8%，香港商生指数下跌 0.9%。上证综指下跌0.9%。伦敦富时 100 指数上涨 0.2%，泛欧斯托克 600 指数上涨 0.3%。巴黎 CAC 40 指数上涨 0.1%，法兰克福 DAX 指数上涨 0.9%。</blockquote></p><p> In Europe, the reflation trade surged back, with shares in mining, industrial, and financial companies adding buoyancy to major indexes. Meanwhile, the European Commission’s economic sentiment indicator reflected a notable acceleration in economic activity at the end of the second quarter of 2021, rising in June to the highest level in 21 years.</p><p><blockquote>在欧洲，再通胀交易激增，矿业、工业和金融公司的股票为主要股指增添了活力。与此同时，欧盟委员会的经济景气指标反映出，2021 年第二季度末经济活动明显加速，6 月份升至 21 年来的最高水平。</blockquote></p><p> Mortgage lender Nationwide said that British house prices rose 13.4% in June compared with the same period last year—the largest annual rise since 2004. U.K. housebuilder stocks rallied on the news, with shares inPersimmon,Taylor Wimpey,andBarratt Development&nbsp;sat the top of the list of the FTSE 100’s risers.</p><p><blockquote>抵押贷款机构 Nationwide 表示，英国 6 月份房价较去年同期上涨 13.4%，为 2004 年以来最大年度涨幅。英国房屋建筑商股受此消息影响上涨，Persimmon、Taylor Wimpey 和 Barratt Development 的股票位居富时 100 指数涨幅榜首。</blockquote></p><p> Shares in French electric company&nbsp;Rexel&nbsp;rose 4.3% in Paris trading after the group raised its sales forecast for 2021. Rexel now expects same-day sales growth of between 12% and 15%, up from a prior forecast of between 5% and 7%.</p><p><blockquote>法国电力公司 Rexel 上调 2021 年销售预期后，该公司股价在巴黎交易中上涨 4.3%。Rexel 目前预计当日销售额增长 12% 至 15%，高于之前预测的 5% 至 7%。</blockquote></p><p> Morgan Stanley&nbsp;(ticker: MS) stock gained 3.35% after the bank doubled its dividend payment to 70 cents a share.</p><p><blockquote>摩根士丹利（股票代码：MS）股价上涨 3.35%，此前该银行将股息支付翻倍至每股 70 美分。</blockquote></p><p> Textron&nbsp;(TXT) stock gained 0.54% after getting upgraded to Overweight from Equal Weight at Morgan Stanley.</p><p><blockquote>德事隆 (TXT) 股价在摩根士丹利从同等权重上调至跑赢大盘后上涨 0.54%。</blockquote></p><p> Keurig Dr Pepper&nbsp;&nbsp;(KDP) stock gained 1.03%.&nbsp;Wells Fargo&nbsp;upgraded the stock to Overweight from Equal Weight.</p><p><blockquote>Keurig Dr Pepper (KDP) 股票上涨 1.03%。富国银行将该股评级从同等权重上调至跑赢大盘。</blockquote></p><p> Fortinet&nbsp;(FTNT) stock dropped 1.55% after being downgraded to Neutral from Buy at&nbsp;Monness Crespi &amp; Hardt.</p><p><blockquote>Fortinet (FTNT) 股价在 Monness Crespi &amp; Hardt 将评级从买入下调至中性后下跌 1.55%。</blockquote></p><p> Carvana(CVNA) stock dropped 1.23%. Piper Sandler downgraded the company to Neutral from Overweight.</p><p><blockquote>Carvana (CVNA) 股价下跌 1.23%。Piper Sandler 将该公司评级从跑赢大盘下调至中性。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stock-market-today-51624961738?mod=hp_LEAD_3\">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":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stock-market-today-51624961738?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120731200","content_text":"Stocks rose to new all-time highs on Tuesday as economic data beat estimates.\nThe Dow Jones Industrial Average rose 9 points, or 0.03%. The S&P 500 rose 0.03% and closed at a record 4,291.90. The Nasdaq Composite rose 0.2%, also closing at a new high of 14,528.33.\n“While plenty of good news is now priced into markets, and we advise investors to brace for bouts of volatility ahead, we don’t see record highs as a barrier to further gains,” writes Mark Haefele, UBS’ chief investment officer of global wealth management.\nThe Case-Shiller U.S. home-price index for April rose 14.6% year over year, the fastest annual rate in more than 30 years. The index is a key point of interest as investors look for clues about what might prompt the Federal Reserve to potentially raise interest rates.\nFed members are discussing reducing the size of the mortgage bond buying program, which currently sits at $40 billion a month. Those purchases keep mortgage bond prices high and their yields low, stimulating housing demand.\nThe consumer confidence index rose to 127.3 for June, higher than the anticipated 118.7 and last month’s 120. As states reopen and the employment picture brightens, consumers are increasingly confident, often a signal that spending will be strong ahead. The Invesco S&P 500 Equal Weight Consumer Discretionary Exchange-Traded Fund(RCD) gained 0.38%, outperforming the major benchmarks.\nLooking ahead, “Markets may find little direction ahead of Friday’s jobs report,” writes Citigroup economist Andrew Hollenhorst. Investors are hoping that recent supply shortages aren’t derailing the employment and economic recovery, but that a potentially strong jobs result won’t suggest high enough inflation to make the Fed more willing to lift rates.\nIn Asia, Tokyo’sNikkei 225 fell 0.8%, while Hong Kong’sHang Seng declined 0.9%. TheShanghai Compositedipped 0.9%. TheFTSE 100in London lifted 0.2% as the pan-EuropeanStoxx 600was 0.3% higher. The CAC 40 in Paris climbed 0.1% and Frankfurt’s DAX rose 0.9%.\nIn Europe, the reflation trade surged back, with shares in mining, industrial, and financial companies adding buoyancy to major indexes. Meanwhile, the European Commission’s economic sentiment indicator reflected a notable acceleration in economic activity at the end of the second quarter of 2021, rising in June to the highest level in 21 years.\nMortgage lender Nationwide said that British house prices rose 13.4% in June compared with the same period last year—the largest annual rise since 2004. U.K. housebuilder stocks rallied on the news, with shares inPersimmon,Taylor Wimpey,andBarratt Development sat the top of the list of the FTSE 100’s risers.\nShares in French electric company Rexel rose 4.3% in Paris trading after the group raised its sales forecast for 2021. Rexel now expects same-day sales growth of between 12% and 15%, up from a prior forecast of between 5% and 7%.\nMorgan Stanley (ticker: MS) stock gained 3.35% after the bank doubled its dividend payment to 70 cents a share.\nTextron (TXT) stock gained 0.54% after getting upgraded to Overweight from Equal Weight at Morgan Stanley.\nKeurig Dr Pepper  (KDP) stock gained 1.03%. Wells Fargo upgraded the stock to Overweight from Equal Weight.\nFortinet (FTNT) stock dropped 1.55% after being downgraded to Neutral from Buy at Monness Crespi & Hardt.\nCarvana(CVNA) stock dropped 1.23%. Piper Sandler downgraded the company to Neutral from Overweight.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127329116,"gmtCreate":1624836455435,"gmtModify":1631889629494,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"MU gogogo","listText":"MU gogogo","text":"MU gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127329116","repostId":"1152075524","repostType":4,"repost":{"id":"1152075524","kind":"news","pubTimestamp":1624666599,"share":"https://www.laohunote.com/m/news/1152075524?lang=zh_CN&edition=full","pubTime":"2021-06-26 08:16","market":"us","language":"en","title":"Don't Miss What 3 Nasdaq Stocks Do Next Week<blockquote>不要错过 3 只纳斯达克股票下周的表现</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1152075524","media":"Motley Fool","summary":"The stock market has done well recently, and the favorable sentiment has sent the Nasdaq Composite(N","content":"<p>The stock market has done well recently, and the favorable sentiment has sent the&nbsp;<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)&nbsp;to record levels. On Friday, the Nasdaq closed a strong week on a quiet note.</p><p><blockquote>近期股市表现良好，利好情绪送出<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）创历史新高。周五，纳斯达克平静地结束了强劲的一周。</blockquote></p><p> We're almost halfway through 2021, and investors are trying to get a read on how the second half of the year will go. Despite the current lull in corporate earnings releases, market participants will get three key readings from major companies next week.Nasdaqinvestors should treat these reports as must-read news that could move markets as we pass the six-month mark in the current year.</p><p><blockquote>2021 年即将过半，投资者正试图了解下半年的情况。尽管目前企业财报发布较为平静，但市场参与者下周将从大公司获得三项关键数据。纳斯达克投资者应将这些报告视为必读新闻，当我们突破六个月大关时，它们可能会改变市场今年。</blockquote></p><p> <b>Bed Bath &amp; Beyond</b></p><p><blockquote><b>床浴及其他</b></blockquote></p><p> <b>Bed Bath &amp; Beyond</b>&nbsp;(NASDAQ:BBBY)&nbsp;will report its fiscal first-quarter results on Wednesday morning, June 30. Thehome furnishings stock&nbsp;has gotten a lot of attention both because of its turnaround efforts and because of its relatively new status as a meme stock followed by individual investors.</p><p><blockquote><b>床浴及其他</b>（纳斯达克股票代码：BBBY）将于 6 月 30 日星期三上午公布第一财季业绩。家居股受到了很多关注，这既是因为它的扭亏为盈，也是因为它作为一只受到个人投资者追捧的模因股的相对较新的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/417e33a9c1d841f220a2b37d2e368a64\" tg-width=\"2000\" tg-height=\"1333\" referrerpolicy=\"no-referrer\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Bed Bath &amp; Beyond has struggled over the past several years as it fought to come up with a digital strategy to fend off competition from e-commerce giants. Many saw the business as ultimately doomed, and the stock got substantial short interest among investors as a result. Yet activist investors stepped in and aimed to concentrate on the company's most lucrative business opportunities, and now, some shareholders are optimistic about Bed Bath &amp; Beyond's ability to cash in on the reopening economy.</p><p><blockquote>Bed Bath &amp; Beyond 在过去几年中一直在苦苦挣扎，努力制定数字战略来抵御来自电子商务巨头的竞争。许多人认为该业务最终注定要失败，因此投资者对该股票产生了大量空头兴趣。然而，激进投资者介入，旨在专注于该公司最有利可图的商业机会，现在，一些股东对 Bed Bath &amp; Beyond 从重新开放的经济中获利的能力持乐观态度。</blockquote></p><p> Investors have high hopes for the coming report, expecting Bed Bath &amp; Beyond to return to profitability and produce impressive revenue growth of around 35%. After the gains the share price has seen in the past week, anything short of those lofty aspirations could cause an abrupt reversal for the meme stock's prospects.</p><p><blockquote>投资者对即将发布的报告寄予厚望，预计 Bed Bath &amp; Beyond 将恢复盈利，并实现约 35% 的令人印象深刻的收入增长。在过去一周股价上涨之后，任何达不到这些崇高愿望的事情都可能导致模因股票的前景突然逆转。</blockquote></p><p> <b>Micron Technology</b></p><p><blockquote><b>美光科技</b></blockquote></p><p> Chipmaker&nbsp;<b>Micron Technology</b>(NASDAQ:MU)&nbsp;weighs in with its fiscal third-quarter report on Wednesday afternoon. The company has taken full advantage of huge rises in demand for memory chips and other products, but investors have seemed increasingly nervous abouthow long Micron's demand will lastgiven the notoriously cyclical nature of the semiconductor chip industry.</p><p><blockquote>芯片制造商<b>美光科技</b>（纳斯达克股票代码：MU）周三下午发布第三财季报告。该公司充分利用了存储芯片和其他产品需求的大幅增长，但鉴于半导体芯片行业臭名昭著的周期性，投资者似乎越来越担心美光的需求会持续多久。</blockquote></p><p> To be clear, few investors have any doubts about the strength of the just-ended quarter. Most of those following the stock expect earnings to double year over year, with revenue climbing at a faster than 35% pace. Many see that growth continuing well into next year. The consensus forecast for fiscal 2022 earnings puts a forward multiple of just 8 on Micron's share price.</p><p><blockquote>需要明确的是，很少有投资者对刚刚结束的季度的实力有任何怀疑。大多数关注该股的人预计盈利将同比翻一番，收入增长速度将超过 35%。许多人认为这种增长将持续到明年。对 2022 财年盈利的普遍预测认为，美光的股价远期倍数仅为 8。</blockquote></p><p> The key question is how quickly Micron and its competitors will ramp up production capacity in order to meet higher demand. In the past, upward cycles in the chip market ended because companies like Micron boost production too far, creating gluts of chips and sending prices plunging. That in turn crushes profits, making low price-to-earnings ratios into value traps for the unwary. All eyes will be on Micron's report to see not only how things have gone, but also what the future holds for it and its rivals.</p><p><blockquote>关键问题是美光及其竞争对手将以多快的速度提高产能，以满足更高的需求。过去，芯片市场的上升周期结束是因为美光等公司过度提高产量，造成芯片过剩并导致价格暴跌。这反过来又会压低利润，使低市盈率成为粗心者的价值陷阱。所有人的目光都将聚焦在美光的报告上，不仅要看看事情进展如何，还要看看它及其竞争对手的未来会怎样。</blockquote></p><p> <b>Walgreens Boots Alliance</b></p><p><blockquote><b>沃尔格林博姿联盟</b></blockquote></p><p> Lastly,<b>Walgreen Boots Alliance</b>(NASDAQ:WBA)&nbsp;will offer its latest look at earnings on Thursday, July 1. Investors are expecting a mixed picture from the giant drugstore chain, with revenue likely slipping a bit from year-ago levels but profits jumping by nearly 65%.</p><p><blockquote>最后，<b>沃尔格林博姿联盟</b>（纳斯达克股票代码：WBA）将于 7 月 1 日星期四发布最新财报。投资者预计这家大型连锁药店的前景好坏参半，收入可能会比去年同期略有下滑，但利润跃升近 65%。</blockquote></p><p> Investors will watch&nbsp;how Walgreens has done&nbsp;in administering COVID-19 vaccines, which has been a one-time boon for the industry generally. However, of greater long-term concern will be any comments on whether the possibility of e-commerce giant&nbsp;<b>Amazon</b>(NASDAQ:AMZN)&nbsp;challenging Walgreens' business more directly could cause problems.</p><p><blockquote>投资者将关注沃尔格林在接种 COVID-19 疫苗方面的表现，这对整个行业来说是一次性的福音。然而，更长期的关注将是任何关于电子商务巨头是否可能的评论<b>亚马逊</b>（纳斯达克股票代码：AMZN）更直接地挑战沃尔格林的业务可能会导致问题。</blockquote></p><p> Walgreens will have to have a strategy for how to build on momentum from COVID-related impacts. If the drugstore chain can't deliver, then the relatively stagnant performance of its stock could continue further into 2021 and potentially beyond.</p><p><blockquote>沃尔格林必须制定一个战略，说明如何从与新冠病毒相关的影响中获得动力。如果这家连锁药店无法交付，那么其股票相对停滞的表现可能会持续到 2021 年，甚至可能更久。</blockquote></p><p> <b>Watch out for surprises</b></p><p><blockquote><b>小心惊喜</b></blockquote></p><p> News that's close to what investors expect likely won't make a big difference for any of these three stocks or the stock market more broadly. But if any of these companies has a big surprise, it could turn out to be what moves the Nasdaq heading into the July 4 holiday weekend.</p><p><blockquote>接近投资者预期的消息可能不会对这三只股票或更广泛的股市产生太大影响。但如果这些公司中的任何一家有大惊喜，它可能会成为推动纳斯达克进入 7 月 4 日假期周末的原因。</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>Don't Miss What 3 Nasdaq Stocks Do Next Week<blockquote>不要错过 3 只纳斯达克股票下周的表现</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\">\nDon't Miss What 3 Nasdaq Stocks Do Next Week<blockquote>不要错过 3 只纳斯达克股票下周的表现</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-06-26 08:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The stock market has done well recently, and the favorable sentiment has sent the&nbsp;<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)&nbsp;to record levels. On Friday, the Nasdaq closed a strong week on a quiet note.</p><p><blockquote>近期股市表现良好，利好情绪送出<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）创历史新高。周五，纳斯达克平静地结束了强劲的一周。</blockquote></p><p> We're almost halfway through 2021, and investors are trying to get a read on how the second half of the year will go. Despite the current lull in corporate earnings releases, market participants will get three key readings from major companies next week.Nasdaqinvestors should treat these reports as must-read news that could move markets as we pass the six-month mark in the current year.</p><p><blockquote>2021 年即将过半，投资者正试图了解下半年的情况。尽管目前企业财报发布较为平静，但市场参与者下周将从大公司获得三项关键数据。纳斯达克投资者应将这些报告视为必读新闻，当我们突破六个月大关时，它们可能会改变市场今年。</blockquote></p><p> <b>Bed Bath &amp; Beyond</b></p><p><blockquote><b>床浴及其他</b></blockquote></p><p> <b>Bed Bath &amp; Beyond</b>&nbsp;(NASDAQ:BBBY)&nbsp;will report its fiscal first-quarter results on Wednesday morning, June 30. Thehome furnishings stock&nbsp;has gotten a lot of attention both because of its turnaround efforts and because of its relatively new status as a meme stock followed by individual investors.</p><p><blockquote><b>床浴及其他</b>（纳斯达克股票代码：BBBY）将于 6 月 30 日星期三上午公布第一财季业绩。家居股受到了很多关注，这既是因为它的扭亏为盈，也是因为它作为一只受到个人投资者追捧的模因股的相对较新的地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/417e33a9c1d841f220a2b37d2e368a64\" tg-width=\"2000\" tg-height=\"1333\" referrerpolicy=\"no-referrer\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Bed Bath &amp; Beyond has struggled over the past several years as it fought to come up with a digital strategy to fend off competition from e-commerce giants. Many saw the business as ultimately doomed, and the stock got substantial short interest among investors as a result. Yet activist investors stepped in and aimed to concentrate on the company's most lucrative business opportunities, and now, some shareholders are optimistic about Bed Bath &amp; Beyond's ability to cash in on the reopening economy.</p><p><blockquote>Bed Bath &amp; Beyond 在过去几年中一直在苦苦挣扎，努力制定数字战略来抵御来自电子商务巨头的竞争。许多人认为该业务最终注定要失败，因此投资者对该股票产生了大量空头兴趣。然而，激进投资者介入，旨在专注于该公司最有利可图的商业机会，现在，一些股东对 Bed Bath &amp; Beyond 从重新开放的经济中获利的能力持乐观态度。</blockquote></p><p> Investors have high hopes for the coming report, expecting Bed Bath &amp; Beyond to return to profitability and produce impressive revenue growth of around 35%. After the gains the share price has seen in the past week, anything short of those lofty aspirations could cause an abrupt reversal for the meme stock's prospects.</p><p><blockquote>投资者对即将发布的报告寄予厚望，预计 Bed Bath &amp; Beyond 将恢复盈利，并实现约 35% 的令人印象深刻的收入增长。在过去一周股价上涨之后，任何达不到这些崇高愿望的事情都可能导致模因股票的前景突然逆转。</blockquote></p><p> <b>Micron Technology</b></p><p><blockquote><b>美光科技</b></blockquote></p><p> Chipmaker&nbsp;<b>Micron Technology</b>(NASDAQ:MU)&nbsp;weighs in with its fiscal third-quarter report on Wednesday afternoon. The company has taken full advantage of huge rises in demand for memory chips and other products, but investors have seemed increasingly nervous abouthow long Micron's demand will lastgiven the notoriously cyclical nature of the semiconductor chip industry.</p><p><blockquote>芯片制造商<b>美光科技</b>（纳斯达克股票代码：MU）周三下午发布第三财季报告。该公司充分利用了存储芯片和其他产品需求的大幅增长，但鉴于半导体芯片行业臭名昭著的周期性，投资者似乎越来越担心美光的需求会持续多久。</blockquote></p><p> To be clear, few investors have any doubts about the strength of the just-ended quarter. Most of those following the stock expect earnings to double year over year, with revenue climbing at a faster than 35% pace. Many see that growth continuing well into next year. The consensus forecast for fiscal 2022 earnings puts a forward multiple of just 8 on Micron's share price.</p><p><blockquote>需要明确的是，很少有投资者对刚刚结束的季度的实力有任何怀疑。大多数关注该股的人预计盈利将同比翻一番，收入增长速度将超过 35%。许多人认为这种增长将持续到明年。对 2022 财年盈利的普遍预测认为，美光的股价远期倍数仅为 8。</blockquote></p><p> The key question is how quickly Micron and its competitors will ramp up production capacity in order to meet higher demand. In the past, upward cycles in the chip market ended because companies like Micron boost production too far, creating gluts of chips and sending prices plunging. That in turn crushes profits, making low price-to-earnings ratios into value traps for the unwary. All eyes will be on Micron's report to see not only how things have gone, but also what the future holds for it and its rivals.</p><p><blockquote>关键问题是美光及其竞争对手将以多快的速度提高产能，以满足更高的需求。过去，芯片市场的上升周期结束是因为美光等公司过度提高产量，造成芯片过剩并导致价格暴跌。这反过来又会压低利润，使低市盈率成为粗心者的价值陷阱。所有人的目光都将聚焦在美光的报告上，不仅要看看事情进展如何，还要看看它及其竞争对手的未来会怎样。</blockquote></p><p> <b>Walgreens Boots Alliance</b></p><p><blockquote><b>沃尔格林博姿联盟</b></blockquote></p><p> Lastly,<b>Walgreen Boots Alliance</b>(NASDAQ:WBA)&nbsp;will offer its latest look at earnings on Thursday, July 1. Investors are expecting a mixed picture from the giant drugstore chain, with revenue likely slipping a bit from year-ago levels but profits jumping by nearly 65%.</p><p><blockquote>最后，<b>沃尔格林博姿联盟</b>（纳斯达克股票代码：WBA）将于 7 月 1 日星期四发布最新财报。投资者预计这家大型连锁药店的前景好坏参半，收入可能会比去年同期略有下滑，但利润跃升近 65%。</blockquote></p><p> Investors will watch&nbsp;how Walgreens has done&nbsp;in administering COVID-19 vaccines, which has been a one-time boon for the industry generally. However, of greater long-term concern will be any comments on whether the possibility of e-commerce giant&nbsp;<b>Amazon</b>(NASDAQ:AMZN)&nbsp;challenging Walgreens' business more directly could cause problems.</p><p><blockquote>投资者将关注沃尔格林在接种 COVID-19 疫苗方面的表现，这对整个行业来说是一次性的福音。然而，更长期的关注将是任何关于电子商务巨头是否可能的评论<b>亚马逊</b>（纳斯达克股票代码：AMZN）更直接地挑战沃尔格林的业务可能会导致问题。</blockquote></p><p> Walgreens will have to have a strategy for how to build on momentum from COVID-related impacts. If the drugstore chain can't deliver, then the relatively stagnant performance of its stock could continue further into 2021 and potentially beyond.</p><p><blockquote>沃尔格林必须制定一个战略，说明如何从与新冠病毒相关的影响中获得动力。如果这家连锁药店无法交付，那么其股票相对停滞的表现可能会持续到 2021 年，甚至可能更久。</blockquote></p><p> <b>Watch out for surprises</b></p><p><blockquote><b>小心惊喜</b></blockquote></p><p> News that's close to what investors expect likely won't make a big difference for any of these three stocks or the stock market more broadly. But if any of these companies has a big surprise, it could turn out to be what moves the Nasdaq heading into the July 4 holiday weekend.</p><p><blockquote>接近投资者预期的消息可能不会对这三只股票或更广泛的股市产生太大影响。但如果这些公司中的任何一家有大惊喜，它可能会成为推动纳斯达克进入 7 月 4 日假期周末的原因。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/25/dont-miss-what-3-nasdaq-stocks-do-next-week/\">Motley Fool</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":{"BBBY":"Bed Bath & Beyond, Inc.","MU":"美光科技","WBA":"沃尔格林联合博姿"},"source_url":"https://www.fool.com/investing/2021/06/25/dont-miss-what-3-nasdaq-stocks-do-next-week/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152075524","content_text":"The stock market has done well recently, and the favorable sentiment has sent the Nasdaq Composite(NASDAQINDEX:^IXIC) to record levels. On Friday, the Nasdaq closed a strong week on a quiet note.\nWe're almost halfway through 2021, and investors are trying to get a read on how the second half of the year will go. Despite the current lull in corporate earnings releases, market participants will get three key readings from major companies next week.Nasdaqinvestors should treat these reports as must-read news that could move markets as we pass the six-month mark in the current year.\nBed Bath & Beyond\nBed Bath & Beyond (NASDAQ:BBBY) will report its fiscal first-quarter results on Wednesday morning, June 30. Thehome furnishings stock has gotten a lot of attention both because of its turnaround efforts and because of its relatively new status as a meme stock followed by individual investors.\nIMAGE SOURCE: GETTY IMAGES.\nBed Bath & Beyond has struggled over the past several years as it fought to come up with a digital strategy to fend off competition from e-commerce giants. Many saw the business as ultimately doomed, and the stock got substantial short interest among investors as a result. Yet activist investors stepped in and aimed to concentrate on the company's most lucrative business opportunities, and now, some shareholders are optimistic about Bed Bath & Beyond's ability to cash in on the reopening economy.\nInvestors have high hopes for the coming report, expecting Bed Bath & Beyond to return to profitability and produce impressive revenue growth of around 35%. After the gains the share price has seen in the past week, anything short of those lofty aspirations could cause an abrupt reversal for the meme stock's prospects.\nMicron Technology\nChipmaker Micron Technology(NASDAQ:MU) weighs in with its fiscal third-quarter report on Wednesday afternoon. The company has taken full advantage of huge rises in demand for memory chips and other products, but investors have seemed increasingly nervous abouthow long Micron's demand will lastgiven the notoriously cyclical nature of the semiconductor chip industry.\nTo be clear, few investors have any doubts about the strength of the just-ended quarter. Most of those following the stock expect earnings to double year over year, with revenue climbing at a faster than 35% pace. Many see that growth continuing well into next year. The consensus forecast for fiscal 2022 earnings puts a forward multiple of just 8 on Micron's share price.\nThe key question is how quickly Micron and its competitors will ramp up production capacity in order to meet higher demand. In the past, upward cycles in the chip market ended because companies like Micron boost production too far, creating gluts of chips and sending prices plunging. That in turn crushes profits, making low price-to-earnings ratios into value traps for the unwary. All eyes will be on Micron's report to see not only how things have gone, but also what the future holds for it and its rivals.\nWalgreens Boots Alliance\nLastly,Walgreen Boots Alliance(NASDAQ:WBA) will offer its latest look at earnings on Thursday, July 1. Investors are expecting a mixed picture from the giant drugstore chain, with revenue likely slipping a bit from year-ago levels but profits jumping by nearly 65%.\nInvestors will watch how Walgreens has done in administering COVID-19 vaccines, which has been a one-time boon for the industry generally. However, of greater long-term concern will be any comments on whether the possibility of e-commerce giant Amazon(NASDAQ:AMZN) challenging Walgreens' business more directly could cause problems.\nWalgreens will have to have a strategy for how to build on momentum from COVID-related impacts. If the drugstore chain can't deliver, then the relatively stagnant performance of its stock could continue further into 2021 and potentially beyond.\nWatch out for surprises\nNews that's close to what investors expect likely won't make a big difference for any of these three stocks or the stock market more broadly. But if any of these companies has a big surprise, it could turn out to be what moves the Nasdaq heading into the July 4 holiday weekend.","news_type":1,"symbols_score_info":{"BBBY":0.9,"WBA":0.9,"MU":0.9}},"isVote":1,"tweetType":1,"viewCount":2633,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121298811,"gmtCreate":1624464376533,"gmtModify":1631889629498,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121298811","repostId":"1127255730","repostType":4,"isVote":1,"tweetType":1,"viewCount":3068,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":129161467,"gmtCreate":1624365562759,"gmtModify":1631889629500,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"不再旺了？","listText":"不再旺了？","text":"不再旺了？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129161467","repostId":"2145405323","repostType":4,"isVote":1,"tweetType":1,"viewCount":3746,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":164567470,"gmtCreate":1624230686890,"gmtModify":1631884323873,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"Hope 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08:48","market":"us","language":"en","title":"Oatly's business strategy is the main reason to own the stock, Truist analysts say<blockquote>Truist 分析师表示，Oatly 的业务战略是持有该股票的主要原因</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2143735471","media":"MarketWatch","summary":"Oatly has the benefit of a 'plant-based tailwind,' according to Jefferies analysts.\nAnalysts are upb","content":"<p>Oatly has the benefit of a 'plant-based tailwind,' according to Jefferies analysts.</p><p><blockquote>杰富瑞分析师表示，Oatly 受益于“基于工厂的顺风”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1d5a4af914d52b8e97b3e053101a658\" tg-width=\"1260\" tg-height=\"841\"><span>Analysts are upbeat about Oatly, which they say has a $900 billion addressable market BLOOMBERG</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师对 Oatly 持乐观态度，称其潜在市场价值 9000 亿美元 彭博社</span></p></blockquote></p><p> Truist Securities analysts initiated <a href=\"https://laohu8.com/S/OTLY\">Oatly Group AB</a> shares at buy with a $35 price target, calling the plant-based food company's strategy its \"biggest asset\" and the main reason to own the stock.</p><p><blockquote>Truist 证券分析师发起<a href=\"https://laohu8.com/S/OTLY\">奥特利集团有限公司</a>该股评级为买入，目标价为 35 美元，称这家植物性食品公司的战略是其“最大资产”，也是持有该股的主要原因。</blockquote></p><p> Oatly (OTLY) shares began trading on May 20 at $22.12, 30.1% higher than the IPO price of $17. The stock was trading at $26.52 on Monday afternoon, and has gained 11.4% for the month to date.</p><p><blockquote>Oatly (OTLY) 股票于 5 月 20 日开始交易，价格为 22.12 美元，比 17 美元的 IPO 价格高出 30.1%。该股周一下午交易价格为 26.52 美元，本月迄今已上涨 11.4%。</blockquote></p><p> \"With the recent completion of the $1.4 billion IPO, the company now has the fuel to accelerate the strategy which we believe will result in top-line growth well above our initial estimates for years to come,\" wrote Truist analysts led by Bill Chappell.</p><p><blockquote>比尔·查佩尔 (Bill Chappell) 领导的 Truist 分析师写道：“随着最近完成了 14 亿美元的 IPO，该公司现在有动力加速战略，我们相信这将使未来几年的营收增长远高于我们最初的估计。”</blockquote></p><p> Launched more than 25 years ago, Oatly follows other plant-based dairy alternatives like soy milk, that was created in 1896 but only became commercially popular starting in the 1980s, and almond milk, Truist says. The company spent a decade fine-tuning its core Oatly oat-milk product.</p><p><blockquote>Truist 表示，Oatly 于 25 年前推出，紧随其他植物性乳制品替代品之后，例如豆奶和杏仁奶，豆奶创建于 1896 年，但直到 20 世纪 80 年代才开始在商业上流行起来。该公司花了十年时间对其核心燕麦牛奶产品进行微调。</blockquote></p><p> Then the company built a brand that, from the outset, was focused on the environment, making \"sustainability the core focus of its brand message,\" a message that, alongside healthy living, has big appeal to Gen Z customers.</p><p><blockquote>然后，该公司建立了一个从一开始就专注于环境的品牌，使“可持续发展成为其品牌信息的核心焦点”，这一信息与健康生活一起，对Z世代客户具有巨大的吸引力。</blockquote></p><p> \"We believe this messaging is a key reason why Oatly and oat milk in general is re-energizing the overall plant-based beverage category which actually experienced decelerating growth from 2010-2015: drinking plant-based beverages isn't just good for you, it's good for the planet,\" Truist said.</p><p><blockquote>“我们相信，这一信息是燕麦和燕麦牛奶总体上重振整个植物性饮料类别的关键原因，该类别实际上在 2010 年至 2015 年期间经历了增长放缓：饮用植物性饮料不仅对你有好处，对地球也有好处，”特鲁伊斯特说。</blockquote></p><p> Then Oatly introduced itself through coffee bars and cafes in North America and EMEA. \"This strategy enabled oat milk consumption to surpass almond milk and soy milk consumption in 2018 in Germany and 2019 in the UK,\" Truist said, noting Oatly's exclusive partnership with Starbucks Corp. </p><p><blockquote>然后，Oatly通过北美和欧洲、中东和非洲地区的咖啡吧和咖啡馆介绍自己。Truist 表示：“这一战略使燕麦奶的消费量在 2018 年超过了德国的杏仁奶和 2019 年超过了英国的杏仁奶和豆奶消费量。”他指出 Oatly 与星巴克公司的独家合作伙伴关系。</blockquote></p><p> Finally, the company is investing in marketing and manufacturing, with $225 million spent in the past five years.</p><p><blockquote>最后，该公司正在投资营销和制造，过去五年花费了 2.25 亿美元。</blockquote></p><p> \"This production capability is vitally important to reduce out of stocks and maintain brand loyalty as other oat-based brands emerge,\" Truist said.</p><p><blockquote>Truist 表示：“随着其他燕麦品牌的出现，这种生产能力对于减少库存和维持品牌忠诚度至关重要。”</blockquote></p><p> Jefferies analysts also take note of the $900 billion total addressable market <a href=\"https://laohu8.com/S/TAM\">$(TAM)$</a> that's acting as a \"plant-based tailwind\" for the company.</p><p><blockquote>杰富瑞分析师还注意到潜在市场总额达 9000 亿美元<a href=\"https://laohu8.com/S/TAM\">$(满)$</a>这为公司提供了“基于工厂的顺风”。</blockquote></p><p> \"Along with its brand purpose and product portfolio, Oatly has successfullypenetrated international markets using its proven multi-channel strategy, while plant-based dairy products are quickly becoming mainstream given the increasing appeal of values-driven plant-based food to the everyday consumer, providing an ongoing tailwind for the brand,\" Jefferies analysts wrote.</p><p><blockquote>“除了其品牌宗旨和产品组合外，Oatly 还利用其行之有效的多渠道战略成功打入国际市场，而鉴于价值驱动的植物性食品对日常消费者的吸引力越来越大，植物性乳制品正在迅速成为主流，”杰富瑞分析师写道。</blockquote></p><p> Jefferies rates Oatly stock a buy with a $34 price target.</p><p><blockquote>Jefferies 将 Oatly 股票评级为买入，目标价为 34 美元。</blockquote></p><p> Credit Suisse analysts say the near-term TAM for non-dairy items like milk and yogurt will be $28 billion by 2025, up from $20 billion in 2020.</p><p><blockquote>瑞士信贷分析师表示，到 2025 年，牛奶和酸奶等非乳制品的近期 TAM 将达到 280 亿美元，高于 2020 年的 200 亿美元。</blockquote></p><p> \"Oatly's 2% market share shows the company is in the early stages of growth,\" wrote analysts led by Kaumil Gajrawala.</p><p><blockquote>以 Kaumil Gajrawala 为首的分析师写道：“Oatly 2% 的市场份额表明该公司正处于增长的早期阶段。”</blockquote></p><p> \"Long term, disrupting other dairy categories (cheese) expands the opportunity.\"</p><p><blockquote>“从长远来看，颠覆其他乳制品类别（奶酪）会扩大机会。”</blockquote></p><p> Oatly's current product lineup includes frozen dessert and \"oatgurt,\" a yogurt alternative, and soft-serve. The company also recently announced a partnership with New York frozen yogurt chain 16 Handles.</p><p><blockquote>Oatly 目前的产品阵容包括冷冻甜点和酸奶替代品“oatgurt”以及软服务。该公司最近还宣布与纽约冷冻酸奶连锁店16 Handles建立合作伙伴关系。</blockquote></p><p> Credit Suisse rates Oatly stock as outperform with a $30 price target.</p><p><blockquote>瑞士信贷将 Oatly 股票评级为跑赢大盘，目标价为 30 美元。</blockquote></p><p> The <a href=\"https://laohu8.com/S/IPO\">Renaissance IPO ETF</a> <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> has slipped 0.6% for the year to date. The Invesco Dynamic Food &amp; Beverage ETF <a href=\"https://laohu8.com/S/PBJ\">$(PBJ)$</a> is up 20.1%. And the S&amp;P 500 index has gained 20.8% for the period.</p><p><blockquote>这个<a href=\"https://laohu8.com/S/IPO\">文艺复兴IPO ETF</a><a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a>今年迄今已下跌 0.6%。景顺动态食品和饮料 ETF<a href=\"https://laohu8.com/S/PBJ\">$(PBJ)$</a>上涨20.1%。标普500指数在此期间上涨了20.8%。</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>Oatly's business strategy is the main reason to own the stock, Truist analysts say<blockquote>Truist 分析师表示，Oatly 的业务战略是持有该股票的主要原因</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\">\nOatly's business strategy is the main reason to own the stock, Truist analysts say<blockquote>Truist 分析师表示，Oatly 的业务战略是持有该股票的主要原因</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-06-15 08:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Oatly has the benefit of a 'plant-based tailwind,' according to Jefferies analysts.</p><p><blockquote>杰富瑞分析师表示，Oatly 受益于“基于工厂的顺风”。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1d5a4af914d52b8e97b3e053101a658\" tg-width=\"1260\" tg-height=\"841\"><span>Analysts are upbeat about Oatly, which they say has a $900 billion addressable market BLOOMBERG</span></p><p><blockquote><p class=\"t-img-caption\"><span>分析师对 Oatly 持乐观态度，称其潜在市场价值 9000 亿美元 彭博社</span></p></blockquote></p><p> Truist Securities analysts initiated <a href=\"https://laohu8.com/S/OTLY\">Oatly Group AB</a> shares at buy with a $35 price target, calling the plant-based food company's strategy its \"biggest asset\" and the main reason to own the stock.</p><p><blockquote>Truist 证券分析师发起<a href=\"https://laohu8.com/S/OTLY\">奥特利集团有限公司</a>该股评级为买入，目标价为 35 美元，称这家植物性食品公司的战略是其“最大资产”，也是持有该股的主要原因。</blockquote></p><p> Oatly (OTLY) shares began trading on May 20 at $22.12, 30.1% higher than the IPO price of $17. The stock was trading at $26.52 on Monday afternoon, and has gained 11.4% for the month to date.</p><p><blockquote>Oatly (OTLY) 股票于 5 月 20 日开始交易，价格为 22.12 美元，比 17 美元的 IPO 价格高出 30.1%。该股周一下午交易价格为 26.52 美元，本月迄今已上涨 11.4%。</blockquote></p><p> \"With the recent completion of the $1.4 billion IPO, the company now has the fuel to accelerate the strategy which we believe will result in top-line growth well above our initial estimates for years to come,\" wrote Truist analysts led by Bill Chappell.</p><p><blockquote>比尔·查佩尔 (Bill Chappell) 领导的 Truist 分析师写道：“随着最近完成了 14 亿美元的 IPO，该公司现在有动力加速战略，我们相信这将使未来几年的营收增长远高于我们最初的估计。”</blockquote></p><p> Launched more than 25 years ago, Oatly follows other plant-based dairy alternatives like soy milk, that was created in 1896 but only became commercially popular starting in the 1980s, and almond milk, Truist says. The company spent a decade fine-tuning its core Oatly oat-milk product.</p><p><blockquote>Truist 表示，Oatly 于 25 年前推出，紧随其他植物性乳制品替代品之后，例如豆奶和杏仁奶，豆奶创建于 1896 年，但直到 20 世纪 80 年代才开始在商业上流行起来。该公司花了十年时间对其核心燕麦牛奶产品进行微调。</blockquote></p><p> Then the company built a brand that, from the outset, was focused on the environment, making \"sustainability the core focus of its brand message,\" a message that, alongside healthy living, has big appeal to Gen Z customers.</p><p><blockquote>然后，该公司建立了一个从一开始就专注于环境的品牌，使“可持续发展成为其品牌信息的核心焦点”，这一信息与健康生活一起，对Z世代客户具有巨大的吸引力。</blockquote></p><p> \"We believe this messaging is a key reason why Oatly and oat milk in general is re-energizing the overall plant-based beverage category which actually experienced decelerating growth from 2010-2015: drinking plant-based beverages isn't just good for you, it's good for the planet,\" Truist said.</p><p><blockquote>“我们相信，这一信息是燕麦和燕麦牛奶总体上重振整个植物性饮料类别的关键原因，该类别实际上在 2010 年至 2015 年期间经历了增长放缓：饮用植物性饮料不仅对你有好处，对地球也有好处，”特鲁伊斯特说。</blockquote></p><p> Then Oatly introduced itself through coffee bars and cafes in North America and EMEA. \"This strategy enabled oat milk consumption to surpass almond milk and soy milk consumption in 2018 in Germany and 2019 in the UK,\" Truist said, noting Oatly's exclusive partnership with Starbucks Corp. </p><p><blockquote>然后，Oatly通过北美和欧洲、中东和非洲地区的咖啡吧和咖啡馆介绍自己。Truist 表示：“这一战略使燕麦奶的消费量在 2018 年超过了德国的杏仁奶和 2019 年超过了英国的杏仁奶和豆奶消费量。”他指出 Oatly 与星巴克公司的独家合作伙伴关系。</blockquote></p><p> Finally, the company is investing in marketing and manufacturing, with $225 million spent in the past five years.</p><p><blockquote>最后，该公司正在投资营销和制造，过去五年花费了 2.25 亿美元。</blockquote></p><p> \"This production capability is vitally important to reduce out of stocks and maintain brand loyalty as other oat-based brands emerge,\" Truist said.</p><p><blockquote>Truist 表示：“随着其他燕麦品牌的出现，这种生产能力对于减少库存和维持品牌忠诚度至关重要。”</blockquote></p><p> Jefferies analysts also take note of the $900 billion total addressable market <a href=\"https://laohu8.com/S/TAM\">$(TAM)$</a> that's acting as a \"plant-based tailwind\" for the company.</p><p><blockquote>杰富瑞分析师还注意到潜在市场总额达 9000 亿美元<a href=\"https://laohu8.com/S/TAM\">$(满)$</a>这为公司提供了“基于工厂的顺风”。</blockquote></p><p> \"Along with its brand purpose and product portfolio, Oatly has successfullypenetrated international markets using its proven multi-channel strategy, while plant-based dairy products are quickly becoming mainstream given the increasing appeal of values-driven plant-based food to the everyday consumer, providing an ongoing tailwind for the brand,\" Jefferies analysts wrote.</p><p><blockquote>“除了其品牌宗旨和产品组合外，Oatly 还利用其行之有效的多渠道战略成功打入国际市场，而鉴于价值驱动的植物性食品对日常消费者的吸引力越来越大，植物性乳制品正在迅速成为主流，”杰富瑞分析师写道。</blockquote></p><p> Jefferies rates Oatly stock a buy with a $34 price target.</p><p><blockquote>Jefferies 将 Oatly 股票评级为买入，目标价为 34 美元。</blockquote></p><p> Credit Suisse analysts say the near-term TAM for non-dairy items like milk and yogurt will be $28 billion by 2025, up from $20 billion in 2020.</p><p><blockquote>瑞士信贷分析师表示，到 2025 年，牛奶和酸奶等非乳制品的近期 TAM 将达到 280 亿美元，高于 2020 年的 200 亿美元。</blockquote></p><p> \"Oatly's 2% market share shows the company is in the early stages of growth,\" wrote analysts led by Kaumil Gajrawala.</p><p><blockquote>以 Kaumil Gajrawala 为首的分析师写道：“Oatly 2% 的市场份额表明该公司正处于增长的早期阶段。”</blockquote></p><p> \"Long term, disrupting other dairy categories (cheese) expands the opportunity.\"</p><p><blockquote>“从长远来看，颠覆其他乳制品类别（奶酪）会扩大机会。”</blockquote></p><p> Oatly's current product lineup includes frozen dessert and \"oatgurt,\" a yogurt alternative, and soft-serve. The company also recently announced a partnership with New York frozen yogurt chain 16 Handles.</p><p><blockquote>Oatly 目前的产品阵容包括冷冻甜点和酸奶替代品“oatgurt”以及软服务。该公司最近还宣布与纽约冷冻酸奶连锁店16 Handles建立合作伙伴关系。</blockquote></p><p> Credit Suisse rates Oatly stock as outperform with a $30 price target.</p><p><blockquote>瑞士信贷将 Oatly 股票评级为跑赢大盘，目标价为 30 美元。</blockquote></p><p> The <a href=\"https://laohu8.com/S/IPO\">Renaissance IPO ETF</a> <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> has slipped 0.6% for the year to date. The Invesco Dynamic Food &amp; Beverage ETF <a href=\"https://laohu8.com/S/PBJ\">$(PBJ)$</a> is up 20.1%. And the S&amp;P 500 index has gained 20.8% for the period.</p><p><blockquote>这个<a href=\"https://laohu8.com/S/IPO\">文艺复兴IPO ETF</a><a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a>今年迄今已下跌 0.6%。景顺动态食品和饮料 ETF<a href=\"https://laohu8.com/S/PBJ\">$(PBJ)$</a>上涨20.1%。标普500指数在此期间上涨了20.8%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/oatlys-business-strategy-is-the-main-reason-to-own-the-stock-truist-analysts-say-11623698513?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":{"SBUX":"星巴克","OTLY":"Oatly Group AB"},"source_url":"https://www.marketwatch.com/story/oatlys-business-strategy-is-the-main-reason-to-own-the-stock-truist-analysts-say-11623698513?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143735471","content_text":"Oatly has the benefit of a 'plant-based tailwind,' according to Jefferies analysts.\nAnalysts are upbeat about Oatly, which they say has a $900 billion addressable market BLOOMBERG\nTruist Securities analysts initiated Oatly Group AB shares at buy with a $35 price target, calling the plant-based food company's strategy its \"biggest asset\" and the main reason to own the stock.\nOatly (OTLY) shares began trading on May 20 at $22.12, 30.1% higher than the IPO price of $17. The stock was trading at $26.52 on Monday afternoon, and has gained 11.4% for the month to date.\n\"With the recent completion of the $1.4 billion IPO, the company now has the fuel to accelerate the strategy which we believe will result in top-line growth well above our initial estimates for years to come,\" wrote Truist analysts led by Bill Chappell.\nLaunched more than 25 years ago, Oatly follows other plant-based dairy alternatives like soy milk, that was created in 1896 but only became commercially popular starting in the 1980s, and almond milk, Truist says. The company spent a decade fine-tuning its core Oatly oat-milk product.\nThen the company built a brand that, from the outset, was focused on the environment, making \"sustainability the core focus of its brand message,\" a message that, alongside healthy living, has big appeal to Gen Z customers.\n\"We believe this messaging is a key reason why Oatly and oat milk in general is re-energizing the overall plant-based beverage category which actually experienced decelerating growth from 2010-2015: drinking plant-based beverages isn't just good for you, it's good for the planet,\" Truist said.\nThen Oatly introduced itself through coffee bars and cafes in North America and EMEA. \"This strategy enabled oat milk consumption to surpass almond milk and soy milk consumption in 2018 in Germany and 2019 in the UK,\" Truist said, noting Oatly's exclusive partnership with Starbucks Corp. \nFinally, the company is investing in marketing and manufacturing, with $225 million spent in the past five years.\n\"This production capability is vitally important to reduce out of stocks and maintain brand loyalty as other oat-based brands emerge,\" Truist said.\nJefferies analysts also take note of the $900 billion total addressable market $(TAM)$ that's acting as a \"plant-based tailwind\" for the company.\n\"Along with its brand purpose and product portfolio, Oatly has successfullypenetrated international markets using its proven multi-channel strategy, while plant-based dairy products are quickly becoming mainstream given the increasing appeal of values-driven plant-based food to the everyday consumer, providing an ongoing tailwind for the brand,\" Jefferies analysts wrote.\nJefferies rates Oatly stock a buy with a $34 price target.\nCredit Suisse analysts say the near-term TAM for non-dairy items like milk and yogurt will be $28 billion by 2025, up from $20 billion in 2020.\n\"Oatly's 2% market share shows the company is in the early stages of growth,\" wrote analysts led by Kaumil Gajrawala.\n\"Long term, disrupting other dairy categories (cheese) expands the opportunity.\"\nOatly's current product lineup includes frozen dessert and \"oatgurt,\" a yogurt alternative, and soft-serve. The company also recently announced a partnership with New York frozen yogurt chain 16 Handles.\nCredit Suisse rates Oatly stock as outperform with a $30 price target.\nThe Renaissance IPO ETF $(IPO.UK)$ has slipped 0.6% for the year to date. The Invesco Dynamic Food & Beverage ETF $(PBJ)$ is up 20.1%. And the S&P 500 index has gained 20.8% for the period.","news_type":1,"symbols_score_info":{"OTLY":0.9,"SBUX":0.9}},"isVote":1,"tweetType":1,"viewCount":1903,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":182127652,"gmtCreate":1623558949776,"gmtModify":1631892031232,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/182127652","repostId":"2143783813","repostType":2,"isVote":1,"tweetType":1,"viewCount":2181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":188503249,"gmtCreate":1623453183281,"gmtModify":1631892031232,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"Airlines see some lights ahead&nbsp;","listText":"Airlines see some lights ahead&nbsp;","text":"Airlines see some lights ahead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/188503249","repostId":"1177806573","repostType":4,"isVote":1,"tweetType":1,"viewCount":1139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181018308,"gmtCreate":1623367059704,"gmtModify":1631892031236,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"Music stopped?","listText":"Music stopped?","text":"Music stopped?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/181018308","repostId":"1109265126","repostType":4,"repost":{"id":"1109265126","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623335677,"share":"https://www.laohunote.com/m/news/1109265126?lang=zh_CN&edition=full","pubTime":"2021-06-10 22:34","market":"us","language":"en","title":"Most of meme stocks dropped in morning trading<blockquote>大多数模因股票在早盘交易中下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109265126","media":"Tiger Newspress","summary":"(June 10) Most of meme stocks dropped in morning trading.\nGameStop fell about 10%, Baird says GameSt","content":"<p>(June&nbsp;10)&nbsp;Most of meme stocks dropped in morning trading.</p><p><blockquote>（6月10日）大多数模因股票在早盘交易中下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7f035fcec2fe0d5b172ba455b6163d8c\" tg-width=\"305\" tg-height=\"404\">GameStop&nbsp;fell&nbsp;about&nbsp;10%,&nbsp;Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline.</p><p><blockquote>游戏驿站股价下跌约 10%，Baird 表示 GameStop 的扭亏为盈计划仍然是个谜，预计股价将下跌 90%。</blockquote></p><p> Clover Health Corp&nbsp;fell&nbsp;nearly&nbsp;9%,&nbsp;Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.</p><p><blockquote>美国银行表示，Clover Health Corp 下跌近 9%，在 Reddit 交易员帮助导致严重做空的保险股短缺后，投资者应该远离 Clover Health。</blockquote></p><p> The stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a special purpose acquisition company deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders in the past week.</p><p><blockquote>该股周三收于每股16.92美元，6月份上涨超过120%，短暂交易价格高于28美元。该公司在亿万富翁 Chamath Palihapitiya 的帮助下，通过一项特殊目的收购公司交易上市，在过去一周成为社交媒体交易员的最爱。</blockquote></p><p> Bank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.</p><p><blockquote>美国银行分析师凯文-菲施贝克（Kevin Fischbeck）将该股评级从中性下调至表现不佳，并在周四给客户的一份报告中表示，基本面无法支撑股价。</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>Most of meme stocks dropped in morning trading<blockquote>大多数模因股票在早盘交易中下跌</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\">\nMost of meme stocks dropped in morning trading<blockquote>大多数模因股票在早盘交易中下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-10 22:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June&nbsp;10)&nbsp;Most of meme stocks dropped in morning trading.</p><p><blockquote>（6月10日）大多数模因股票在早盘交易中下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7f035fcec2fe0d5b172ba455b6163d8c\" tg-width=\"305\" tg-height=\"404\">GameStop&nbsp;fell&nbsp;about&nbsp;10%,&nbsp;Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline.</p><p><blockquote>游戏驿站股价下跌约 10%，Baird 表示 GameStop 的扭亏为盈计划仍然是个谜，预计股价将下跌 90%。</blockquote></p><p> Clover Health Corp&nbsp;fell&nbsp;nearly&nbsp;9%,&nbsp;Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.</p><p><blockquote>美国银行表示，Clover Health Corp 下跌近 9%，在 Reddit 交易员帮助导致严重做空的保险股短缺后，投资者应该远离 Clover Health。</blockquote></p><p> The stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a special purpose acquisition company deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders in the past week.</p><p><blockquote>该股周三收于每股16.92美元，6月份上涨超过120%，短暂交易价格高于28美元。该公司在亿万富翁 Chamath Palihapitiya 的帮助下，通过一项特殊目的收购公司交易上市，在过去一周成为社交媒体交易员的最爱。</blockquote></p><p> Bank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.</p><p><blockquote>美国银行分析师凯文-菲施贝克（Kevin Fischbeck）将该股评级从中性下调至表现不佳，并在周四给客户的一份报告中表示，基本面无法支撑股价。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","CLOV":"Clover Health Corp","AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109265126","content_text":"(June 10) Most of meme stocks dropped in morning trading.\nGameStop fell about 10%, Baird says GameStop's turnaround plan remains a mystery, predicts 90% stock decline.\nClover Health Corp fell nearly 9%, Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a special purpose acquisition company deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders in the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.","news_type":1,"symbols_score_info":{"GME":0.9,"AMC":0.9,"CLOV":0.9,"WISH":0.9}},"isVote":1,"tweetType":1,"viewCount":729,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180122362,"gmtCreate":1623195718756,"gmtModify":1631892031240,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"Meme meme[财迷]&nbsp;","listText":"Meme meme[财迷]&nbsp;","text":"Meme meme[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/180122362","repostId":"1128909306","repostType":4,"repost":{"id":"1128909306","kind":"news","pubTimestamp":1623193560,"share":"https://www.laohunote.com/m/news/1128909306?lang=zh_CN&edition=full","pubTime":"2021-06-09 07:06","market":"us","language":"en","title":"S&P 500 closes little changed as \"meme stocks\" extend rally<blockquote>“模因股票”延续涨势，标普500收盘变化不大</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128909306","media":"reuters","summary":"NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of c","content":"<p>NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.</p><p><blockquote>纽约（路透社） - 华尔街股市周二难以维持收盘涨幅，因为缺乏明确的市场催化剂使机构投资者观望，而散户交易员则推动了模因股的持续上涨。</blockquote></p><p>All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&amp;P 500 and the Dow closing within about 0.5% of record highs.</p><p><blockquote>美国三大股指均以接近持平或更高的区间收盘，标普500和道琼斯工业平均指数收盘较历史高点约0.5%。</blockquote></p><p>The tech-laded Nasdaq Composite fared best, with Amazon.com Inc and Apple Inc providing the biggest boost.</p><p><blockquote>科技含量最高的纳斯达克综合指数表现最好，亚马逊和苹果提供了最大的提振。</blockquote></p><p>“We’re waiting for inflation numbers, waiting for more from the (Federal Reserve), waiting for earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “There’s not a lot motivating the market today.”</p><p><blockquote>“芝加哥 Kingsview Asset Management 投资组合经理保罗-诺尔特（Paul Nolte）说：”我们在等待通胀数据，等待（美联储）的更多数据，等待财报季。“目前市场没有太多动力”。</blockquote></p><p>“We’re in this twilight zone until probably right after the Fourth of July, when we see earnings season kick in,” Nolte added.</p><p><blockquote>“诺尔特补充说：”我们将处于这种阴暗地带，直到国庆节刚过，我们才会看到财报季的到来。</blockquote></p><p>The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year.</p><p><blockquote>衡量投资者焦虑程度的芝加哥期权交易所波动率指数触及一年多来的最低水平。</blockquote></p><p>Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts.</p><p><blockquote>小盘股再次受到持续的模因股票零售狂潮的提振，其表现优于大型同行。</blockquote></p><p>Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq.</p><p><blockquote>Clover Health Investments 在 meme 股票中名列前茅，飙升 85.8%，是纳斯达克最大的百分比赢家。</blockquote></p><p>Other stocks whose recent explosive trading volumes have been attributed to social media buzz, including GameStop Corp, Bed Bath &amp; Beyond Inc, Workhorse Group and others, ended the session between 7% and 12% higher.</p><p><blockquote>其他近期交易量爆炸性的股票，包括游戏驿站公司、Bed Bath &amp; Beyond Inc、Workhorse Group 等，收盘上涨 7% 至 12%。</blockquote></p><p>“(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said. “Now the meme stocks are taking over from crypto as the place to be and it’s all a consequence of very easy monetary policy.”</p><p><blockquote>“诺尔特说：”（备忘录股票）是活跃的地方，但你把它翻过来，看看加密货币，那就一团糟了。“现在，迷因股正在取代加密货币成为主流，这一切都是非常宽松的货币政策的结果。”</blockquote></p><p>Reports from the U.S. Labor Department and National Federation of Independent Business appeared to confirm a labor shortage even as demand roars back to life, which could put upward pressure on wages, a precursor to wider inflation.</p><p><blockquote>美国劳工部和全国独立企业联合会的报告似乎证实了劳动力短缺，尽管需求正在复苏，这可能会给工资带来上行压力，这是更广泛通胀的前兆。</blockquote></p><p>Market participants look to Thursday’s consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve’s timetable for tightening its monetary policy.</p><p><blockquote>市场参与者期待着周四的消费者价格指数数据，以获取有关通胀的进一步线索，以及它将如何影响美联储收紧货币政策的时间表。</blockquote></p><p>The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&amp;P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.</p><p><blockquote>道琼斯工业平均指数下跌30.42点，跌幅0.09%，报34,599.82点；标普500上涨 0.74 点，或 0.02%，至 4,227.26 点；纳斯达克综合指数上涨 43.19 点，即 0.31%，至 13,924.91 点。</blockquote></p><p>Of the 11 major sectors in the S&amp;P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss.</p><p><blockquote>在标普500的11个主要行业中，非必需消费品的百分比涨幅最大，公用事业的跌幅最大。</blockquote></p><p>Sales of Tesla Inc’s China-made electric cars jumped in May by 29%, marking a 177% year-on-year increase, according to the China Passenger Car Association. The stock erased initial gains on the news to close down 0.3%.</p><p><blockquote>根据中国乘用车联会的数据，特斯拉公司5月份中国产电动汽车的销量猛增29%，同比增长177%。消息传出后，该股抹去了最初的涨幅，收盘下跌 0.3%。</blockquote></p><p>Boeing Co shares were boosted by Southwest Airlines’ announcement that it had ordered 34 new 737 MAX aircraft, but the planemaker’s shares pared gains to end the session flat.</p><p><blockquote>西南航空公司宣布订购了 34 架新的 737 MAX 飞机，提振了波音公司的股价，但该飞机制造商的股价收盘持平。</blockquote></p><p>GameStop, the company most closely associated with the Reddit-driven short squeeze phenomenon, is expected to report quarterly results after markets close on Wednesday.</p><p><blockquote>游戏驿站是与 Reddit 驱动的空头挤压现象关系密切的公司，预计将在周三收盘后公布季度业绩。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股票的数量比下跌股票的数量多 1.74 比 1；在纳斯达克，1.66比1的比率有利于进步人士。</blockquote></p><p>The S&amp;P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.</p><p><blockquote>标普500创下54个52周新高和一个新低；纳斯达克综合指数创下172个新高和16个新低。</blockquote></p><p>Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.75 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 118.2 亿股，而过去 20 个交易日的平均成交量为 107.5 亿股。</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>S&P 500 closes little changed as \"meme stocks\" extend rally<blockquote>“模因股票”延续涨势，标普500收盘变化不大</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; 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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\">\nS&P 500 closes little changed as \"meme stocks\" extend rally<blockquote>“模因股票”延续涨势，标普500收盘变化不大</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">reuters</strong><span class=\"h-time small\">2021-06-09 07:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.</p><p><blockquote>纽约（路透社） - 华尔街股市周二难以维持收盘涨幅，因为缺乏明确的市场催化剂使机构投资者观望，而散户交易员则推动了模因股的持续上涨。</blockquote></p><p>All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&amp;P 500 and the Dow closing within about 0.5% of record highs.</p><p><blockquote>美国三大股指均以接近持平或更高的区间收盘，标普500和道琼斯工业平均指数收盘较历史高点约0.5%。</blockquote></p><p>The tech-laded Nasdaq Composite fared best, with Amazon.com Inc and Apple Inc providing the biggest boost.</p><p><blockquote>科技含量最高的纳斯达克综合指数表现最好，亚马逊和苹果提供了最大的提振。</blockquote></p><p>“We’re waiting for inflation numbers, waiting for more from the (Federal Reserve), waiting for earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “There’s not a lot motivating the market today.”</p><p><blockquote>“芝加哥 Kingsview Asset Management 投资组合经理保罗-诺尔特（Paul Nolte）说：”我们在等待通胀数据，等待（美联储）的更多数据，等待财报季。“目前市场没有太多动力”。</blockquote></p><p>“We’re in this twilight zone until probably right after the Fourth of July, when we see earnings season kick in,” Nolte added.</p><p><blockquote>“诺尔特补充说：”我们将处于这种阴暗地带，直到国庆节刚过，我们才会看到财报季的到来。</blockquote></p><p>The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year.</p><p><blockquote>衡量投资者焦虑程度的芝加哥期权交易所波动率指数触及一年多来的最低水平。</blockquote></p><p>Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts.</p><p><blockquote>小盘股再次受到持续的模因股票零售狂潮的提振，其表现优于大型同行。</blockquote></p><p>Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq.</p><p><blockquote>Clover Health Investments 在 meme 股票中名列前茅，飙升 85.8%，是纳斯达克最大的百分比赢家。</blockquote></p><p>Other stocks whose recent explosive trading volumes have been attributed to social media buzz, including GameStop Corp, Bed Bath &amp; Beyond Inc, Workhorse Group and others, ended the session between 7% and 12% higher.</p><p><blockquote>其他近期交易量爆炸性的股票，包括游戏驿站公司、Bed Bath &amp; Beyond Inc、Workhorse Group 等，收盘上涨 7% 至 12%。</blockquote></p><p>“(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said. “Now the meme stocks are taking over from crypto as the place to be and it’s all a consequence of very easy monetary policy.”</p><p><blockquote>“诺尔特说：”（备忘录股票）是活跃的地方，但你把它翻过来，看看加密货币，那就一团糟了。“现在，迷因股正在取代加密货币成为主流，这一切都是非常宽松的货币政策的结果。”</blockquote></p><p>Reports from the U.S. Labor Department and National Federation of Independent Business appeared to confirm a labor shortage even as demand roars back to life, which could put upward pressure on wages, a precursor to wider inflation.</p><p><blockquote>美国劳工部和全国独立企业联合会的报告似乎证实了劳动力短缺，尽管需求正在复苏，这可能会给工资带来上行压力，这是更广泛通胀的前兆。</blockquote></p><p>Market participants look to Thursday’s consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve’s timetable for tightening its monetary policy.</p><p><blockquote>市场参与者期待着周四的消费者价格指数数据，以获取有关通胀的进一步线索，以及它将如何影响美联储收紧货币政策的时间表。</blockquote></p><p>The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&amp;P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.</p><p><blockquote>道琼斯工业平均指数下跌30.42点，跌幅0.09%，报34,599.82点；标普500上涨 0.74 点，或 0.02%，至 4,227.26 点；纳斯达克综合指数上涨 43.19 点，即 0.31%，至 13,924.91 点。</blockquote></p><p>Of the 11 major sectors in the S&amp;P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss.</p><p><blockquote>在标普500的11个主要行业中，非必需消费品的百分比涨幅最大，公用事业的跌幅最大。</blockquote></p><p>Sales of Tesla Inc’s China-made electric cars jumped in May by 29%, marking a 177% year-on-year increase, according to the China Passenger Car Association. The stock erased initial gains on the news to close down 0.3%.</p><p><blockquote>根据中国乘用车联会的数据，特斯拉公司5月份中国产电动汽车的销量猛增29%，同比增长177%。消息传出后，该股抹去了最初的涨幅，收盘下跌 0.3%。</blockquote></p><p>Boeing Co shares were boosted by Southwest Airlines’ announcement that it had ordered 34 new 737 MAX aircraft, but the planemaker’s shares pared gains to end the session flat.</p><p><blockquote>西南航空公司宣布订购了 34 架新的 737 MAX 飞机，提振了波音公司的股价，但该飞机制造商的股价收盘持平。</blockquote></p><p>GameStop, the company most closely associated with the Reddit-driven short squeeze phenomenon, is expected to report quarterly results after markets close on Wednesday.</p><p><blockquote>游戏驿站是与 Reddit 驱动的空头挤压现象关系密切的公司，预计将在周三收盘后公布季度业绩。</blockquote></p><p>Advancing issues outnumbered decliners on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.</p><p><blockquote>纽约证券交易所上涨股票的数量比下跌股票的数量多 1.74 比 1；在纳斯达克，1.66比1的比率有利于进步人士。</blockquote></p><p>The S&amp;P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.</p><p><blockquote>标普500创下54个52周新高和一个新低；纳斯达克综合指数创下172个新高和16个新低。</blockquote></p><p>Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.75 billion average over the last 20 trading days.</p><p><blockquote>美国交易所的成交量为 118.2 亿股，而过去 20 个交易日的平均成交量为 107.5 亿股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-closes-little-changed-as-meme-stocks-extend-rally-idUSL2N2NQ2NX\">reuters</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","CLOV":"Clover Health Corp",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-closes-little-changed-as-meme-stocks-extend-rally-idUSL2N2NQ2NX","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128909306","content_text":"NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&P 500 and the Dow closing within about 0.5% of record highs.The tech-laded Nasdaq Composite fared best, with Amazon.com Inc and Apple Inc providing the biggest boost.“We’re waiting for inflation numbers, waiting for more from the (Federal Reserve), waiting for earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “There’s not a lot motivating the market today.”“We’re in this twilight zone until probably right after the Fourth of July, when we see earnings season kick in,” Nolte added.The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year.Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts.Clover Health Investments seized top billing among meme stocks, surging 85.8%, the biggest percentage winner in the Nasdaq.Other stocks whose recent explosive trading volumes have been attributed to social media buzz, including GameStop Corp, Bed Bath & Beyond Inc, Workhorse Group and others, ended the session between 7% and 12% higher.“(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said. “Now the meme stocks are taking over from crypto as the place to be and it’s all a consequence of very easy monetary policy.”Reports from the U.S. Labor Department and National Federation of Independent Business appeared to confirm a labor shortage even as demand roars back to life, which could put upward pressure on wages, a precursor to wider inflation.Market participants look to Thursday’s consumer price index data for further clues regarding inflation, and how it could influence the Federal Reserve’s timetable for tightening its monetary policy.The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.Of the 11 major sectors in the S&P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss.Sales of Tesla Inc’s China-made electric cars jumped in May by 29%, marking a 177% year-on-year increase, according to the China Passenger Car Association. The stock erased initial gains on the news to close down 0.3%.Boeing Co shares were boosted by Southwest Airlines’ announcement that it had ordered 34 new 737 MAX aircraft, but the planemaker’s shares pared gains to end the session flat.GameStop, the company most closely associated with the Reddit-driven short squeeze phenomenon, is expected to report quarterly results after markets close on Wednesday.Advancing issues outnumbered decliners on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers.The S&P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.75 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"CLOV":0.9}},"isVote":1,"tweetType":1,"viewCount":1992,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":114741560,"gmtCreate":1623108000250,"gmtModify":1631892031241,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"Don't think so","listText":"Don't think so","text":"Don't think so","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/114741560","repostId":"1134242022","repostType":4,"repost":{"id":"1134242022","kind":"news","pubTimestamp":1623086430,"share":"https://www.laohunote.com/m/news/1134242022?lang=zh_CN&edition=full","pubTime":"2021-06-08 01:20","market":"us","language":"en","title":"Have Stocks Already Priced In The \"Economic Boom\"?<blockquote>股票已经在“经济繁荣”中定价了吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1134242022","media":"zerohedge","summary":"The media is buzzing with claims of an “Economic Boom” in 2021. While the economy will most certainl","content":"<p>The media is buzzing with claims of an&nbsp;<i>“Economic Boom”</i>&nbsp;in 2021. While the economy will most certainly grow in 2021, the question is how much is already&nbsp;<i>“baked in?”</i></p><p><blockquote>媒体上充斥着关于<i>“经济繁荣”</i>2021年。虽然 2021 年经济肯定会增长，但问题是已经增长了多少<i>“烤熟了？”</i></blockquote></p><p>   <i><b>“The economy has entered a period of supercharged growth. Instead of fizzling, it could potentially remain stronger than it was during the pre-pandemic era into 2023.</b></i>  <i>Economists now expect the second quarter to grow at a pace of 10%, and they expect growth for 2021 to be north of 6.5%.</i>  <i><b>In the past decade, only a few quarters gross domestic product growing at even 3%.”</b></i>  The premise is that strong<i>&nbsp;“pent up”</i>&nbsp;demand will sustain the economic recovery over the next few years.</p><p><blockquote><i><b>“经济已进入增长期。到 2023 年，经济不仅不会停滞不前，反而有可能保持比大流行前时期更强劲的状态。</b></i><i>经济学家现在预计第二季度将以10%的速度增长，他们预计2021年的增长率将超过6.5%。</i><i><b>在过去十年中，只有几个季度的国内生产总值增长率达到3%。”</b></i>前提是如此强大<i>“被压抑”</i>需求将在未来几年维持经济复苏。</blockquote></p><p> However, since market lows in 2020, the market surge has not only recouped all of those losses but has rocketed to all-time highs on expectations of surging earnings growth.</p><p><blockquote>然而，自2020年市场低点以来，市场飙升不仅弥补了所有这些损失，而且由于盈利增长飙升的预期，市场飙升至历史新高。</blockquote></p><p> The question: How much has gotten priced in?</p><p><blockquote>问题是：定价了多少？</blockquote></p><p> <b>A Return To Normalcy</b></p><p><blockquote><b>恢复正常</b></blockquote></p><p> Just recently, Liz Ann Sonders wrote a piece for&nbsp;Advisor Perspectives.&nbsp;To wit:</p><p><blockquote>就在最近，利兹-安-桑德斯（Liz Ann Sonders）为《顾问视角》（Advisor Perspectives）写了一篇文章。也就是说：</blockquote></p><p>   <i>“Vaccines and herd immunity continue to bring COVID cases down, and</i>  <i><b>&nbsp;the economic reopening continues to kick into a higher gear. Such is whatthe data is starting to show.</b></i>  <i>&nbsp;Across economic metrics, from the gross domestic product (GDP) to retail sales and job growth,</i>  <i><b>boom conditions are evident</b></i>  <i>.”</i>  She is correct in her statement.<b>&nbsp;However, there is a difference between an</b><b><i>“economic boom”</i></b><b>&nbsp;and a</b><b><i>“recovery.”</i></b>&nbsp;As shown in the chart of GDP growth below, the U.S. has already experienced a very sharp<i>&nbsp;“economic recovery”</i>&nbsp;from the recessionary lows.&nbsp;<i>(I have included estimates for the rest of 2020, which shows a return to trend growth.)</i></p><p><blockquote><i>“疫苗和群体免疫继续减少新冠病例，</i><i><b>经济重新开放继续加速。这就是数据开始显示的情况。</b></i><i>从国内生产总值 (GDP) 到零售销售和就业增长，</i><i><b>景气条件明显</b></i><i>.”</i>她的陈述是正确的。<b>然而，与</b><b><i>“经济繁荣”</i></b><b>和一个</b><b><i>“恢复。”</i></b>如下图所示，美国已经经历了非常急剧的增长<i>“经济复苏”</i>从衰退的低点开始。<i>（我包含了对 2020 年剩余时间的预测，这显示了趋势增长的回归。）</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5fdad10528414b4274fcd428501380f7\" tg-width=\"500\" tg-height=\"280\"></p><p><blockquote></blockquote></p><p> The following chart shows the economic recovery against the massive dumps of liquidity pumped into the economy.&nbsp;<i>(Estimates run through the end of 2021 using economist’s assumptions.)</i></p><p><blockquote>下图显示了经济复苏与大量流动性注入经济的对比。<i>(使用《经济学人》的假设，估算持续到 2021 年底）。</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/dba515f0c9d2b1e6b69cd03edccc9bec\" tg-width=\"500\" tg-height=\"280\"></p><p><blockquote></blockquote></p><p> <b>Can’t Recoup Losses</b></p><p><blockquote><b>无法挽回损失</b></blockquote></p><p> <b>Certain areas of the economy, like airlines, hotels, and cruise ships, have yet to recover to pre-pandemic levels.</b>However, those industries only make up a relatively small amount of overall economic activity. Furthermore, these industries will continue to struggle for some time as individuals will not take&nbsp;<i>“two vacations”</i>&nbsp;this year since they missed last year.&nbsp;<b>That activity is now forever lost.</b></p><p><blockquote><b>某些经济领域，如航空公司、酒店和游轮，尚未恢复到大流行前的水平。</b>然而，这些行业只占整体经济活动的相对较小。此外，这些行业将继续挣扎一段时间，因为个人不会采取<i>“两个假期”</i>今年因为他们错过了去年。<b>这种活动现在永远消失了。</b></blockquote></p><p> Yes, the economy will recover most likely to pre-pandemic levels this year due to stimulus injections,<b><i>&nbsp;but as discussed previously</i></b>, what then?</p><p><blockquote>是的，由于刺激注入，今年经济很可能会恢复到大流行前的水平，<b><i>但是如前所述</i></b>然后呢？</blockquote></p><p>   <i>“The biggest problem with more stimulus is the increase in the debt required to fund it.</i>  <i><b>&nbsp;There is no historical precedent, anywhere globally, that shows increased debt levels lead to more robust economic growth rates or prosperity.</b></i>  <i>&nbsp;Since 1980, the overall increase in debt has surged to levels that currently usurp the entirety of economic growth.</i>  <i><b>With economic growth rates now at the lowest levels on record, the change in debt continues to divert more tax dollars away from productive investments into the service of debt and social welfare.”</b></i>  <img src=\"https://static.tigerbbs.com/b2a13ef8b21cb5f0f15b7d3bc37642a0\" tg-width=\"500\" tg-height=\"279\"></p><p><blockquote><i>“更多刺激计划的最大问题是为刺激计划提供资金所需的债务增加。</i><i><b>在全球任何地方，都没有历史先例表明债务水平的提高会导致更强劲的经济增长率或繁荣。</b></i><i>自1980年以来，债务的总体增长已经飙升到目前侵蚀整个经济增长的水平。</i><i><b>随着经济增长率处于历史最低水平，债务的变化继续将更多税收从生产性投资转移到偿还债务和社会福利上。”</b></i></blockquote></p><p> Just as it is with investing, getting&nbsp;<i>“back to even”</i>&nbsp;is not the same thing as&nbsp;<i>“organic growth.”</i></p><p><blockquote>就像投资一样，获得<i>“收支平衡”</i>不是一回事<i>“有机增长”</i></blockquote></p><p> <b>The Second Derivative</b></p><p><blockquote><b>二阶导数</b></blockquote></p><p> What is shown above is the&nbsp;<b><i>“second derivative”</i></b>&nbsp;effect of growth.</p><p><blockquote>上面显示的是<b><i>“二阶导数”</i></b>增长的影响。</blockquote></p><p>   <i>“In&nbsp;calculus, the</i>  <i><b>second derivative</b></i>  <i>, or the</i>  <i><b>second-order derivative</b></i>  <i>, of a&nbsp;function&nbsp;f&nbsp;is the&nbsp;derivative&nbsp;of the derivative of&nbsp;f.” – Wikipedia.</i>  In English, the<i>&nbsp;“second derivative”</i>&nbsp;measures how the rate of change of a quantity is itself changing. Since we measure GDP growth on an annual rate of change basis, the larger the economy grows, the lower the rate of change will be. Here is a simplistic example go GDP growth:</p><p><blockquote><i>在微积分中，</i><i><b>二阶导数</b></i><i>，或</i><i><b>二阶导数</b></i><i>函数f是f的导数的导数。”– 维基百科。</i>在英语中，<i>“二阶导数”</i>测量数量本身的变化率是如何变化的。由于我们以年变化率衡量GDP增长，经济增长越大，变化率就越低。这里有一个简单的GDP增长例子：</blockquote></p><p>   <i>In year 1,&nbsp;GDP = $1. In the second year, GDP grows to $2. The annual rate of change is 100%. However, in year 3, even though the economy grows to $3, the annual rate of change falls to just 50%.</i>  Given the long-term historical correlation between economic growth, corporate earnings, and annualized returns, the reversion to trend growth has implications for investors. As Liz notes:</p><p><blockquote><i>第一年，GDP=1美元。第二年，GDP增长到2美元。年变化率为100%。然而，在第三年，即使经济增长到3美元，年变化率也下降到只有50%。</i>鉴于经济增长、企业盈利和年化回报之间的长期历史相关性，趋势增长的回归对投资者有影响。利兹笔记：</blockquote></p><p></p><p>   <i>“Using three broad ranges for GDP growth historically, the lowest range (when the economy is barely growing or in recession) is accompanied by the highest annualized stock market performance.</i>  <i><b>GDP is only slightly back into positive territory on an annualized basis. However, the strong growth expected in the second quarter will push GDP into the highest zone. At that level, stocks have historically posted a negative annualized return.”</b></i>  <img src=\"https://static.tigerbbs.com/fefede26dacdf96c2afd65040c979eb5\" tg-width=\"500\" tg-height=\"289\"></p><p><blockquote><i>“从历史上看，国内生产总值增长有三个宽泛的区间，最低的区间（当经济几乎没有增长或陷入衰退时）伴随着最高的年化股市表现。</i><i><b>按年化计算，GDP仅略微回到正区域。然而，预计第二季度的强劲增长将推动GDP进入最高区域。在这个水平上，股票的年化回报率历来为负。”</b></i></blockquote></p><p> The reason is that once economic growth reaches higher levels, stocks have climbed to levels incorporating those expectations. In other words, when things are as&nbsp;<i>“good as they can get,”</i>&nbsp;stocks begin to reprice for slower future growth rates.</p><p><blockquote>原因是，一旦经济增长达到更高的水平，股市就会攀升到包含这些预期的水平。换句话说，当事情像<i>“他们能做到的最好”</i>由于未来增长率放缓，股票开始重新定价。</blockquote></p><p> That is the phase we are at currently.</p><p><blockquote>这就是我们目前所处的阶段。</blockquote></p><p> <b>How Much Pent Up Demand Is There Anyway</b></p><p><blockquote><b>到底有多少被压抑的需求</b></blockquote></p><p> The main driver of the expected recovery from a&nbsp;<i>“recessionary”</i>&nbsp;low stems from the question of how much&nbsp;<i>“pent up”</i>&nbsp;demand currently exists?</p><p><blockquote>预期复苏的主要驱动力<i>“衰退”</i>低源于多少的问题<i>“被压抑”</i>目前存在需求吗？</blockquote></p><p> If we look at durable goods as an example, such would suggest that much of the demand for long-lasting products got pulled forward by consumers over the last 12-months.</p><p><blockquote>如果我们以耐用品为例，这将表明消费者在过去12个月中推动了对耐用品的大部分需求。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a089734aaefc5afe0333a7ee63606fbe\" tg-width=\"500\" tg-height=\"184\"></p><p><blockquote></blockquote></p><p> Of course,&nbsp;<b>if we broaden that measure to retails sales which make up ~40% of the personal consumption expenditures (PCE) index</b>, we see much the same.</p><p><blockquote>当然，<b>如果我们将这一衡量标准扩大到占个人消费支出（PCE）指数约40%的零售额</b>我们看到的差不多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e92c968f205973f191c55c538d189e2e\" tg-width=\"500\" tg-height=\"185\"></p><p><blockquote></blockquote></p><p> Given PCE,&nbsp;<b>which comprises nearly 70% of GDP,</b>&nbsp;has already recovered much of pandemic-related decline, how much&nbsp;<i>“pent up”</i>&nbsp;demand remains.</p><p><blockquote>给定PCE，<b>占国内生产总值的近70%，</b>已经从与大流行相关的大部分跌幅中恢复了多少<i>“被压抑”</i>需求依然存在。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4f718e21229399dc7e5997f4375c2541\" tg-width=\"500\" tg-height=\"185\"></p><p><blockquote></blockquote></p><p> However, wage growth outside of personal transfer payments&nbsp;<i>(i.e., stimulus)</i>&nbsp;hasn’t recovered. It is impossible to sustain higher rates of economic growth without wage growth.</p><p><blockquote>然而，个人转移支付之外的工资增长<i>（即刺激）</i>还没康复。没有工资增长，就不可能维持较高的经济增长率。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7caa93f603a20c9413aaf28b0ccbf2b5\" tg-width=\"500\" tg-height=\"368\"></p><p><blockquote></blockquote></p><p> <b>Importantly, as we saw in January and February following the $900 billion stimulus bill passage, there was a short-lived surge of activity. However, once individuals spent the money, activity quickly faded.</b>&nbsp;We saw the same with retail sales in April following the American Rescue Plan, which sent out $1400 checks.</p><p><blockquote><b>重要的是，正如我们在 1 月和 2 月通过 9000 亿美元刺激法案后看到的那样，经济活动出现了短暂的激增。然而，一旦个人花了钱，活动很快就消失了。</b>在美国救援计划发放1400美元支票后，我们在4月份的零售销售中看到了同样的情况。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c31449e02d4ba266c905203a16de1ad5\" tg-width=\"500\" tg-height=\"312\"></p><p><blockquote></blockquote></p><p> After the $1400 checks get spent, what will be the driver for continued consumption at previous rates? Further, given the impact of a larger economy (as it recovers), the rate of change will decline markedly in the months to come.</p><p><blockquote>1400美元的支票花完后，以以前的利率继续消费的驱动力是什么？此外，鉴于更大经济的影响（随着经济的复苏），变化率将在未来几个月显著下降。</blockquote></p><p> <b>Earnings Growth Inflection</b></p><p><blockquote><b>盈利增长拐点</b></blockquote></p><p>   <i>“Earnings growth has a high correlation to stock market performance, but with time lags that are less well-understood. We are about halfway through the first quarter S&amp;P 500 earnings season and so far, the results are exceptionally strong.” – Liz Ann Sonders</i>  That is correct, and given the high correlation between earnings and market returns, we come back to the same question. Has the advance in the market accounted for the rebound in earnings? More importantly, what happens when that growth reverses?</p><p><blockquote><i>“盈利增长与股市表现有很高的相关性，但时间滞后却不太为人所知。标普500第一季度财报季已经过半，到目前为止，业绩异常强劲。”– 莉兹·安·桑德斯</i>这是正确的，考虑到收益和市场回报之间的高度相关性，我们又回到了同一个问题。市场的上涨是否解释了盈利的反弹？更重要的是，当这种增长逆转时会发生什么？</blockquote></p><p>   <i>“Relative to last year’s second-quarter plunge of nearly -31% year-over-year, expectations are that S&amp;P 500 earnings will be up more than 46% in this year’s first quarter. The second quarter will boast a whopping 60% increase. Such should be the inflection point in terms of the year-over-year growth rate.” – Liz Ann Sonders</i>  <img src=\"https://static.tigerbbs.com/90ee4fca36856fe8fa3e5938aa46c656\" tg-width=\"500\" tg-height=\"141\"></p><p><blockquote><i>“与去年第二季度同比暴跌近-31%相比，预计标普500今年第一季度的盈利将增长 46% 以上。第二季度将实现 60% 的巨幅增长。这应该是同比增长率的拐点”。– 莉兹·安·桑德斯</i></blockquote></p><p> The problem is the S&amp;P rose to levels that earnings growth will have difficulty supporting, particularly as the stimulus fades from the system. As with economic growth, the 2nd derivative of earnings growth is now a headwind for the markets.</p><p><blockquote>问题是标准普尔指数上涨至盈利增长难以支撑的水平，尤其是在刺激措施从体系中消失的情况下。与经济增长一样，盈利增长的第二衍生品现在是市场的阻力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/98ea62bdd7be88d7a4a281250f2b9f54\" tg-width=\"500\" tg-height=\"272\"></p><p><blockquote></blockquote></p><p> Such is also the problem of&nbsp;<i><b>“pulling forward sales.”</b></i></p><p><blockquote>这也是<i><b>“推动销售。”</b></i></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> Notably, the outsized growth of the market reflects repetitive interventions into the financial markets by the Fed. Those interventions detached financial asset growth from their long-term correlation to GDP growth, where corporate revenue comes from. Historically, when the<i><b>&nbsp;S&amp;P 500 becomes separated from economic growth,</b></i>&nbsp;a reversion occurred.</p><p><blockquote>值得注意的是，市场的过度增长反映了美联储对金融市场的反复干预。这些干预措施使金融资产增长脱离了与GDP增长的长期相关性，而GDP增长是企业收入的来源。历史上，当<i><b>标普500与经济增长脱节，</b></i>发生了回归。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/517d8bbd7819339ad187c2d899d0e321\" tg-width=\"500\" tg-height=\"270\"></p><p><blockquote></blockquote></p><p></p><p> Currently, analysts are expecting earnings to surge well above economic growth rates. However, the flaw in the analysis is the assumption earnings growth will continue its current trend.</p><p><blockquote>目前，分析师预计盈利将远高于经济增长率。然而，分析中的缺陷在于假设盈利增长将继续目前的趋势。</blockquote></p><p> <b>While there will be an economic recovery to pre-pandemic levels, a recovery is very different from an expansion.</b></p><p><blockquote><b>虽然经济将恢复到疫情前的水平，但复苏与扩张有很大不同。</b></blockquote></p><p> As Liz concludes:</p><p><blockquote>Liz的结论是：</blockquote></p><p>   <i><b>“Optimism is extremely elevated.</b></i>  <i>Such is certainly justified by stock market behavior over the past year and recent economic releases.</i>  <i><b>But some curbing of enthusiasm may be warranted given the history of the stock market as an uncanny ‘sniffer-outer’ of economic inflection points.”</b></i>  <b>As she goes on to point out, this is not a time for FOMO-driven investment decision-making.</b>&nbsp;The reality is that the supports that drove the economic recovery will not support an ongoing economic expansion. One is self-sustaining organic growth from productive activity, and the other is not.</p><p><blockquote><i><b>“乐观情绪非常高涨。</b></i><i>过去一年的股市行为和最近的经济数据当然证明了这一点。</i><i><b>但鉴于股市作为经济拐点的不可思议的‘嗅探者’的历史，对热情进行一些抑制可能是有道理的。”</b></i><b>正如她继续指出的那样，现在不是FOMO驱动的投资决策的时候。</b>现实情况是，推动经济复苏的支持不会支持持续的经济扩张。一个是从生产活动中自我维持的有机增长，另一个不是。</blockquote></p><p> The risk of disappointment is high. And so are the costs of being<i>&nbsp;“wilfully blind”</i>&nbsp;to the dangers.</p><p><blockquote>失望的风险很高。存在的成本也是如此<i>“故意失明”</i>去危险。</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>Have Stocks Already Priced In The \"Economic Boom\"?<blockquote>股票已经在“经济繁荣”中定价了吗？</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\">\nHave Stocks Already Priced In The \"Economic Boom\"?<blockquote>股票已经在“经济繁荣”中定价了吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-08 01:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The media is buzzing with claims of an&nbsp;<i>“Economic Boom”</i>&nbsp;in 2021. While the economy will most certainly grow in 2021, the question is how much is already&nbsp;<i>“baked in?”</i></p><p><blockquote>媒体上充斥着关于<i>“经济繁荣”</i>2021年。虽然 2021 年经济肯定会增长，但问题是已经增长了多少<i>“烤熟了？”</i></blockquote></p><p>   <i><b>“The economy has entered a period of supercharged growth. Instead of fizzling, it could potentially remain stronger than it was during the pre-pandemic era into 2023.</b></i>  <i>Economists now expect the second quarter to grow at a pace of 10%, and they expect growth for 2021 to be north of 6.5%.</i>  <i><b>In the past decade, only a few quarters gross domestic product growing at even 3%.”</b></i>  The premise is that strong<i>&nbsp;“pent up”</i>&nbsp;demand will sustain the economic recovery over the next few years.</p><p><blockquote><i><b>“经济已进入增长期。到 2023 年，经济不仅不会停滞不前，反而有可能保持比大流行前时期更强劲的状态。</b></i><i>经济学家现在预计第二季度将以10%的速度增长，他们预计2021年的增长率将超过6.5%。</i><i><b>在过去十年中，只有几个季度的国内生产总值增长率达到3%。”</b></i>前提是如此强大<i>“被压抑”</i>需求将在未来几年维持经济复苏。</blockquote></p><p> However, since market lows in 2020, the market surge has not only recouped all of those losses but has rocketed to all-time highs on expectations of surging earnings growth.</p><p><blockquote>然而，自2020年市场低点以来，市场飙升不仅弥补了所有这些损失，而且由于盈利增长飙升的预期，市场飙升至历史新高。</blockquote></p><p> The question: How much has gotten priced in?</p><p><blockquote>问题是：定价了多少？</blockquote></p><p> <b>A Return To Normalcy</b></p><p><blockquote><b>恢复正常</b></blockquote></p><p> Just recently, Liz Ann Sonders wrote a piece for&nbsp;Advisor Perspectives.&nbsp;To wit:</p><p><blockquote>就在最近，利兹-安-桑德斯（Liz Ann Sonders）为《顾问视角》（Advisor Perspectives）写了一篇文章。也就是说：</blockquote></p><p>   <i>“Vaccines and herd immunity continue to bring COVID cases down, and</i>  <i><b>&nbsp;the economic reopening continues to kick into a higher gear. Such is whatthe data is starting to show.</b></i>  <i>&nbsp;Across economic metrics, from the gross domestic product (GDP) to retail sales and job growth,</i>  <i><b>boom conditions are evident</b></i>  <i>.”</i>  She is correct in her statement.<b>&nbsp;However, there is a difference between an</b><b><i>“economic boom”</i></b><b>&nbsp;and a</b><b><i>“recovery.”</i></b>&nbsp;As shown in the chart of GDP growth below, the U.S. has already experienced a very sharp<i>&nbsp;“economic recovery”</i>&nbsp;from the recessionary lows.&nbsp;<i>(I have included estimates for the rest of 2020, which shows a return to trend growth.)</i></p><p><blockquote><i>“疫苗和群体免疫继续减少新冠病例，</i><i><b>经济重新开放继续加速。这就是数据开始显示的情况。</b></i><i>从国内生产总值 (GDP) 到零售销售和就业增长，</i><i><b>景气条件明显</b></i><i>.”</i>她的陈述是正确的。<b>然而，与</b><b><i>“经济繁荣”</i></b><b>和一个</b><b><i>“恢复。”</i></b>如下图所示，美国已经经历了非常急剧的增长<i>“经济复苏”</i>从衰退的低点开始。<i>（我包含了对 2020 年剩余时间的预测，这显示了趋势增长的回归。）</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/5fdad10528414b4274fcd428501380f7\" tg-width=\"500\" tg-height=\"280\"></p><p><blockquote></blockquote></p><p> The following chart shows the economic recovery against the massive dumps of liquidity pumped into the economy.&nbsp;<i>(Estimates run through the end of 2021 using economist’s assumptions.)</i></p><p><blockquote>下图显示了经济复苏与大量流动性注入经济的对比。<i>(使用《经济学人》的假设，估算持续到 2021 年底）。</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/dba515f0c9d2b1e6b69cd03edccc9bec\" tg-width=\"500\" tg-height=\"280\"></p><p><blockquote></blockquote></p><p> <b>Can’t Recoup Losses</b></p><p><blockquote><b>无法挽回损失</b></blockquote></p><p> <b>Certain areas of the economy, like airlines, hotels, and cruise ships, have yet to recover to pre-pandemic levels.</b>However, those industries only make up a relatively small amount of overall economic activity. Furthermore, these industries will continue to struggle for some time as individuals will not take&nbsp;<i>“two vacations”</i>&nbsp;this year since they missed last year.&nbsp;<b>That activity is now forever lost.</b></p><p><blockquote><b>某些经济领域，如航空公司、酒店和游轮，尚未恢复到大流行前的水平。</b>然而，这些行业只占整体经济活动的相对较小。此外，这些行业将继续挣扎一段时间，因为个人不会采取<i>“两个假期”</i>今年因为他们错过了去年。<b>这种活动现在永远消失了。</b></blockquote></p><p> Yes, the economy will recover most likely to pre-pandemic levels this year due to stimulus injections,<b><i>&nbsp;but as discussed previously</i></b>, what then?</p><p><blockquote>是的，由于刺激注入，今年经济很可能会恢复到大流行前的水平，<b><i>但是如前所述</i></b>然后呢？</blockquote></p><p>   <i>“The biggest problem with more stimulus is the increase in the debt required to fund it.</i>  <i><b>&nbsp;There is no historical precedent, anywhere globally, that shows increased debt levels lead to more robust economic growth rates or prosperity.</b></i>  <i>&nbsp;Since 1980, the overall increase in debt has surged to levels that currently usurp the entirety of economic growth.</i>  <i><b>With economic growth rates now at the lowest levels on record, the change in debt continues to divert more tax dollars away from productive investments into the service of debt and social welfare.”</b></i>  <img src=\"https://static.tigerbbs.com/b2a13ef8b21cb5f0f15b7d3bc37642a0\" tg-width=\"500\" tg-height=\"279\"></p><p><blockquote><i>“更多刺激计划的最大问题是为刺激计划提供资金所需的债务增加。</i><i><b>在全球任何地方，都没有历史先例表明债务水平的提高会导致更强劲的经济增长率或繁荣。</b></i><i>自1980年以来，债务的总体增长已经飙升到目前侵蚀整个经济增长的水平。</i><i><b>随着经济增长率处于历史最低水平，债务的变化继续将更多税收从生产性投资转移到偿还债务和社会福利上。”</b></i></blockquote></p><p> Just as it is with investing, getting&nbsp;<i>“back to even”</i>&nbsp;is not the same thing as&nbsp;<i>“organic growth.”</i></p><p><blockquote>就像投资一样，获得<i>“收支平衡”</i>不是一回事<i>“有机增长”</i></blockquote></p><p> <b>The Second Derivative</b></p><p><blockquote><b>二阶导数</b></blockquote></p><p> What is shown above is the&nbsp;<b><i>“second derivative”</i></b>&nbsp;effect of growth.</p><p><blockquote>上面显示的是<b><i>“二阶导数”</i></b>增长的影响。</blockquote></p><p>   <i>“In&nbsp;calculus, the</i>  <i><b>second derivative</b></i>  <i>, or the</i>  <i><b>second-order derivative</b></i>  <i>, of a&nbsp;function&nbsp;f&nbsp;is the&nbsp;derivative&nbsp;of the derivative of&nbsp;f.” – Wikipedia.</i>  In English, the<i>&nbsp;“second derivative”</i>&nbsp;measures how the rate of change of a quantity is itself changing. Since we measure GDP growth on an annual rate of change basis, the larger the economy grows, the lower the rate of change will be. Here is a simplistic example go GDP growth:</p><p><blockquote><i>在微积分中，</i><i><b>二阶导数</b></i><i>，或</i><i><b>二阶导数</b></i><i>函数f是f的导数的导数。”– 维基百科。</i>在英语中，<i>“二阶导数”</i>测量数量本身的变化率是如何变化的。由于我们以年变化率衡量GDP增长，经济增长越大，变化率就越低。这里有一个简单的GDP增长例子：</blockquote></p><p>   <i>In year 1,&nbsp;GDP = $1. In the second year, GDP grows to $2. The annual rate of change is 100%. However, in year 3, even though the economy grows to $3, the annual rate of change falls to just 50%.</i>  Given the long-term historical correlation between economic growth, corporate earnings, and annualized returns, the reversion to trend growth has implications for investors. As Liz notes:</p><p><blockquote><i>第一年，GDP=1美元。第二年，GDP增长到2美元。年变化率为100%。然而，在第三年，即使经济增长到3美元，年变化率也下降到只有50%。</i>鉴于经济增长、企业盈利和年化回报之间的长期历史相关性，趋势增长的回归对投资者有影响。利兹笔记：</blockquote></p><p></p><p>   <i>“Using three broad ranges for GDP growth historically, the lowest range (when the economy is barely growing or in recession) is accompanied by the highest annualized stock market performance.</i>  <i><b>GDP is only slightly back into positive territory on an annualized basis. However, the strong growth expected in the second quarter will push GDP into the highest zone. At that level, stocks have historically posted a negative annualized return.”</b></i>  <img src=\"https://static.tigerbbs.com/fefede26dacdf96c2afd65040c979eb5\" tg-width=\"500\" tg-height=\"289\"></p><p><blockquote><i>“从历史上看，国内生产总值增长有三个宽泛的区间，最低的区间（当经济几乎没有增长或陷入衰退时）伴随着最高的年化股市表现。</i><i><b>按年化计算，GDP仅略微回到正区域。然而，预计第二季度的强劲增长将推动GDP进入最高区域。在这个水平上，股票的年化回报率历来为负。”</b></i></blockquote></p><p> The reason is that once economic growth reaches higher levels, stocks have climbed to levels incorporating those expectations. In other words, when things are as&nbsp;<i>“good as they can get,”</i>&nbsp;stocks begin to reprice for slower future growth rates.</p><p><blockquote>原因是，一旦经济增长达到更高的水平，股市就会攀升到包含这些预期的水平。换句话说，当事情像<i>“他们能做到的最好”</i>由于未来增长率放缓，股票开始重新定价。</blockquote></p><p> That is the phase we are at currently.</p><p><blockquote>这就是我们目前所处的阶段。</blockquote></p><p> <b>How Much Pent Up Demand Is There Anyway</b></p><p><blockquote><b>到底有多少被压抑的需求</b></blockquote></p><p> The main driver of the expected recovery from a&nbsp;<i>“recessionary”</i>&nbsp;low stems from the question of how much&nbsp;<i>“pent up”</i>&nbsp;demand currently exists?</p><p><blockquote>预期复苏的主要驱动力<i>“衰退”</i>低源于多少的问题<i>“被压抑”</i>目前存在需求吗？</blockquote></p><p> If we look at durable goods as an example, such would suggest that much of the demand for long-lasting products got pulled forward by consumers over the last 12-months.</p><p><blockquote>如果我们以耐用品为例，这将表明消费者在过去12个月中推动了对耐用品的大部分需求。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a089734aaefc5afe0333a7ee63606fbe\" tg-width=\"500\" tg-height=\"184\"></p><p><blockquote></blockquote></p><p> Of course,&nbsp;<b>if we broaden that measure to retails sales which make up ~40% of the personal consumption expenditures (PCE) index</b>, we see much the same.</p><p><blockquote>当然，<b>如果我们将这一衡量标准扩大到占个人消费支出（PCE）指数约40%的零售额</b>我们看到的差不多。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e92c968f205973f191c55c538d189e2e\" tg-width=\"500\" tg-height=\"185\"></p><p><blockquote></blockquote></p><p> Given PCE,&nbsp;<b>which comprises nearly 70% of GDP,</b>&nbsp;has already recovered much of pandemic-related decline, how much&nbsp;<i>“pent up”</i>&nbsp;demand remains.</p><p><blockquote>给定PCE，<b>占国内生产总值的近70%，</b>已经从与大流行相关的大部分跌幅中恢复了多少<i>“被压抑”</i>需求依然存在。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4f718e21229399dc7e5997f4375c2541\" tg-width=\"500\" tg-height=\"185\"></p><p><blockquote></blockquote></p><p> However, wage growth outside of personal transfer payments&nbsp;<i>(i.e., stimulus)</i>&nbsp;hasn’t recovered. It is impossible to sustain higher rates of economic growth without wage growth.</p><p><blockquote>然而，个人转移支付之外的工资增长<i>（即刺激）</i>还没康复。没有工资增长，就不可能维持较高的经济增长率。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7caa93f603a20c9413aaf28b0ccbf2b5\" tg-width=\"500\" tg-height=\"368\"></p><p><blockquote></blockquote></p><p> <b>Importantly, as we saw in January and February following the $900 billion stimulus bill passage, there was a short-lived surge of activity. However, once individuals spent the money, activity quickly faded.</b>&nbsp;We saw the same with retail sales in April following the American Rescue Plan, which sent out $1400 checks.</p><p><blockquote><b>重要的是，正如我们在 1 月和 2 月通过 9000 亿美元刺激法案后看到的那样，经济活动出现了短暂的激增。然而，一旦个人花了钱，活动很快就消失了。</b>在美国救援计划发放1400美元支票后，我们在4月份的零售销售中看到了同样的情况。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c31449e02d4ba266c905203a16de1ad5\" tg-width=\"500\" tg-height=\"312\"></p><p><blockquote></blockquote></p><p> After the $1400 checks get spent, what will be the driver for continued consumption at previous rates? Further, given the impact of a larger economy (as it recovers), the rate of change will decline markedly in the months to come.</p><p><blockquote>1400美元的支票花完后，以以前的利率继续消费的驱动力是什么？此外，鉴于更大经济的影响（随着经济的复苏），变化率将在未来几个月显著下降。</blockquote></p><p> <b>Earnings Growth Inflection</b></p><p><blockquote><b>盈利增长拐点</b></blockquote></p><p>   <i>“Earnings growth has a high correlation to stock market performance, but with time lags that are less well-understood. We are about halfway through the first quarter S&amp;P 500 earnings season and so far, the results are exceptionally strong.” – Liz Ann Sonders</i>  That is correct, and given the high correlation between earnings and market returns, we come back to the same question. Has the advance in the market accounted for the rebound in earnings? More importantly, what happens when that growth reverses?</p><p><blockquote><i>“盈利增长与股市表现有很高的相关性，但时间滞后却不太为人所知。标普500第一季度财报季已经过半，到目前为止，业绩异常强劲。”– 莉兹·安·桑德斯</i>这是正确的，考虑到收益和市场回报之间的高度相关性，我们又回到了同一个问题。市场的上涨是否解释了盈利的反弹？更重要的是，当这种增长逆转时会发生什么？</blockquote></p><p>   <i>“Relative to last year’s second-quarter plunge of nearly -31% year-over-year, expectations are that S&amp;P 500 earnings will be up more than 46% in this year’s first quarter. The second quarter will boast a whopping 60% increase. Such should be the inflection point in terms of the year-over-year growth rate.” – Liz Ann Sonders</i>  <img src=\"https://static.tigerbbs.com/90ee4fca36856fe8fa3e5938aa46c656\" tg-width=\"500\" tg-height=\"141\"></p><p><blockquote><i>“与去年第二季度同比暴跌近-31%相比，预计标普500今年第一季度的盈利将增长 46% 以上。第二季度将实现 60% 的巨幅增长。这应该是同比增长率的拐点”。– 莉兹·安·桑德斯</i></blockquote></p><p> The problem is the S&amp;P rose to levels that earnings growth will have difficulty supporting, particularly as the stimulus fades from the system. As with economic growth, the 2nd derivative of earnings growth is now a headwind for the markets.</p><p><blockquote>问题是标准普尔指数上涨至盈利增长难以支撑的水平，尤其是在刺激措施从体系中消失的情况下。与经济增长一样，盈利增长的第二衍生品现在是市场的阻力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/98ea62bdd7be88d7a4a281250f2b9f54\" tg-width=\"500\" tg-height=\"272\"></p><p><blockquote></blockquote></p><p> Such is also the problem of&nbsp;<i><b>“pulling forward sales.”</b></i></p><p><blockquote>这也是<i><b>“推动销售。”</b></i></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> Notably, the outsized growth of the market reflects repetitive interventions into the financial markets by the Fed. Those interventions detached financial asset growth from their long-term correlation to GDP growth, where corporate revenue comes from. Historically, when the<i><b>&nbsp;S&amp;P 500 becomes separated from economic growth,</b></i>&nbsp;a reversion occurred.</p><p><blockquote>值得注意的是，市场的过度增长反映了美联储对金融市场的反复干预。这些干预措施使金融资产增长脱离了与GDP增长的长期相关性，而GDP增长是企业收入的来源。历史上，当<i><b>标普500与经济增长脱节，</b></i>发生了回归。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/517d8bbd7819339ad187c2d899d0e321\" tg-width=\"500\" tg-height=\"270\"></p><p><blockquote></blockquote></p><p></p><p> Currently, analysts are expecting earnings to surge well above economic growth rates. However, the flaw in the analysis is the assumption earnings growth will continue its current trend.</p><p><blockquote>目前，分析师预计盈利将远高于经济增长率。然而，分析中的缺陷在于假设盈利增长将继续目前的趋势。</blockquote></p><p> <b>While there will be an economic recovery to pre-pandemic levels, a recovery is very different from an expansion.</b></p><p><blockquote><b>虽然经济将恢复到疫情前的水平，但复苏与扩张有很大不同。</b></blockquote></p><p> As Liz concludes:</p><p><blockquote>Liz的结论是：</blockquote></p><p>   <i><b>“Optimism is extremely elevated.</b></i>  <i>Such is certainly justified by stock market behavior over the past year and recent economic releases.</i>  <i><b>But some curbing of enthusiasm may be warranted given the history of the stock market as an uncanny ‘sniffer-outer’ of economic inflection points.”</b></i>  <b>As she goes on to point out, this is not a time for FOMO-driven investment decision-making.</b>&nbsp;The reality is that the supports that drove the economic recovery will not support an ongoing economic expansion. One is self-sustaining organic growth from productive activity, and the other is not.</p><p><blockquote><i><b>“乐观情绪非常高涨。</b></i><i>过去一年的股市行为和最近的经济数据当然证明了这一点。</i><i><b>但鉴于股市作为经济拐点的不可思议的‘嗅探者’的历史，对热情进行一些抑制可能是有道理的。”</b></i><b>正如她继续指出的那样，现在不是FOMO驱动的投资决策的时候。</b>现实情况是，推动经济复苏的支持不会支持持续的经济扩张。一个是从生产活动中自我维持的有机增长，另一个不是。</blockquote></p><p> The risk of disappointment is high. And so are the costs of being<i>&nbsp;“wilfully blind”</i>&nbsp;to the dangers.</p><p><blockquote>失望的风险很高。存在的成本也是如此<i>“故意失明”</i>去危险。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/have-stocks-already-priced-economic-boom?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">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",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/have-stocks-already-priced-economic-boom?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134242022","content_text":"The media is buzzing with claims of an “Economic Boom” in 2021. While the economy will most certainly grow in 2021, the question is how much is already “baked in?”\n\n“The economy has entered a period of supercharged growth. Instead of fizzling, it could potentially remain stronger than it was during the pre-pandemic era into 2023.\nEconomists now expect the second quarter to grow at a pace of 10%, and they expect growth for 2021 to be north of 6.5%.\nIn the past decade, only a few quarters gross domestic product growing at even 3%.”\n\nThe premise is that strong “pent up” demand will sustain the economic recovery over the next few years.\nHowever, since market lows in 2020, the market surge has not only recouped all of those losses but has rocketed to all-time highs on expectations of surging earnings growth.\nThe question: How much has gotten priced in?\nA Return To Normalcy\nJust recently, Liz Ann Sonders wrote a piece for Advisor Perspectives. To wit:\n\n“Vaccines and herd immunity continue to bring COVID cases down, and\n the economic reopening continues to kick into a higher gear. Such is whatthe data is starting to show.\n Across economic metrics, from the gross domestic product (GDP) to retail sales and job growth,\nboom conditions are evident\n.”\n\nShe is correct in her statement. However, there is a difference between an“economic boom” and a“recovery.” As shown in the chart of GDP growth below, the U.S. has already experienced a very sharp “economic recovery” from the recessionary lows. (I have included estimates for the rest of 2020, which shows a return to trend growth.)\n\nThe following chart shows the economic recovery against the massive dumps of liquidity pumped into the economy. (Estimates run through the end of 2021 using economist’s assumptions.)\n\nCan’t Recoup Losses\nCertain areas of the economy, like airlines, hotels, and cruise ships, have yet to recover to pre-pandemic levels.However, those industries only make up a relatively small amount of overall economic activity. Furthermore, these industries will continue to struggle for some time as individuals will not take “two vacations” this year since they missed last year. That activity is now forever lost.\nYes, the economy will recover most likely to pre-pandemic levels this year due to stimulus injections, but as discussed previously, what then?\n\n“The biggest problem with more stimulus is the increase in the debt required to fund it.\n There is no historical precedent, anywhere globally, that shows increased debt levels lead to more robust economic growth rates or prosperity.\n Since 1980, the overall increase in debt has surged to levels that currently usurp the entirety of economic growth.\nWith economic growth rates now at the lowest levels on record, the change in debt continues to divert more tax dollars away from productive investments into the service of debt and social welfare.”\n\n\nJust as it is with investing, getting “back to even” is not the same thing as “organic growth.”\nThe Second Derivative\nWhat is shown above is the “second derivative” effect of growth.\n\n“In calculus, the\nsecond derivative\n, or the\nsecond-order derivative\n, of a function f is the derivative of the derivative of f.” – Wikipedia.\n\nIn English, the “second derivative” measures how the rate of change of a quantity is itself changing. Since we measure GDP growth on an annual rate of change basis, the larger the economy grows, the lower the rate of change will be. Here is a simplistic example go GDP growth:\n\nIn year 1, GDP = $1. In the second year, GDP grows to $2. The annual rate of change is 100%. However, in year 3, even though the economy grows to $3, the annual rate of change falls to just 50%.\n\nGiven the long-term historical correlation between economic growth, corporate earnings, and annualized returns, the reversion to trend growth has implications for investors. As Liz notes:\n\n“Using three broad ranges for GDP growth historically, the lowest range (when the economy is barely growing or in recession) is accompanied by the highest annualized stock market performance.\nGDP is only slightly back into positive territory on an annualized basis. However, the strong growth expected in the second quarter will push GDP into the highest zone. At that level, stocks have historically posted a negative annualized return.”\n\n\nThe reason is that once economic growth reaches higher levels, stocks have climbed to levels incorporating those expectations. In other words, when things are as “good as they can get,” stocks begin to reprice for slower future growth rates.\nThat is the phase we are at currently.\nHow Much Pent Up Demand Is There Anyway\nThe main driver of the expected recovery from a “recessionary” low stems from the question of how much “pent up” demand currently exists?\nIf we look at durable goods as an example, such would suggest that much of the demand for long-lasting products got pulled forward by consumers over the last 12-months.\n\nOf course, if we broaden that measure to retails sales which make up ~40% of the personal consumption expenditures (PCE) index, we see much the same.\n\nGiven PCE, which comprises nearly 70% of GDP, has already recovered much of pandemic-related decline, how much “pent up” demand remains.\n\nHowever, wage growth outside of personal transfer payments (i.e., stimulus) hasn’t recovered. It is impossible to sustain higher rates of economic growth without wage growth.\n\nImportantly, as we saw in January and February following the $900 billion stimulus bill passage, there was a short-lived surge of activity. However, once individuals spent the money, activity quickly faded. We saw the same with retail sales in April following the American Rescue Plan, which sent out $1400 checks.\n\nAfter the $1400 checks get spent, what will be the driver for continued consumption at previous rates? Further, given the impact of a larger economy (as it recovers), the rate of change will decline markedly in the months to come.\nEarnings Growth Inflection\n\n“Earnings growth has a high correlation to stock market performance, but with time lags that are less well-understood. We are about halfway through the first quarter S&P 500 earnings season and so far, the results are exceptionally strong.” – Liz Ann Sonders\n\nThat is correct, and given the high correlation between earnings and market returns, we come back to the same question. Has the advance in the market accounted for the rebound in earnings? More importantly, what happens when that growth reverses?\n\n“Relative to last year’s second-quarter plunge of nearly -31% year-over-year, expectations are that S&P 500 earnings will be up more than 46% in this year’s first quarter. The second quarter will boast a whopping 60% increase. Such should be the inflection point in terms of the year-over-year growth rate.” – Liz Ann Sonders\n\n\nThe problem is the S&P rose to levels that earnings growth will have difficulty supporting, particularly as the stimulus fades from the system. As with economic growth, the 2nd derivative of earnings growth is now a headwind for the markets.\n\nSuch is also the problem of “pulling forward sales.”\nConclusion\nNotably, the outsized growth of the market reflects repetitive interventions into the financial markets by the Fed. Those interventions detached financial asset growth from their long-term correlation to GDP growth, where corporate revenue comes from. Historically, when the S&P 500 becomes separated from economic growth, a reversion occurred.\n\nCurrently, analysts are expecting earnings to surge well above economic growth rates. However, the flaw in the analysis is the assumption earnings growth will continue its current trend.\nWhile there will be an economic recovery to pre-pandemic levels, a recovery is very different from an expansion.\nAs Liz concludes:\n\n“Optimism is extremely elevated.\nSuch is certainly justified by stock market behavior over the past year and recent economic releases.\nBut some curbing of enthusiasm may be warranted given the history of the stock market as an uncanny ‘sniffer-outer’ of economic inflection points.”\n\nAs she goes on to point out, this is not a time for FOMO-driven investment decision-making. The reality is that the supports that drove the economic recovery will not support an ongoing economic expansion. One is self-sustaining organic growth from productive activity, and the other is not.\nThe risk of disappointment is high. And so are the costs of being “wilfully blind” to the dangers.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115536693,"gmtCreate":1623022072912,"gmtModify":1631892031249,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/115536693","repostId":"2141005289","repostType":2,"isVote":1,"tweetType":1,"viewCount":2076,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":196109302,"gmtCreate":1621033310106,"gmtModify":1634194497549,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"Can he as rich as Buffet?&nbsp;[笑哭]&nbsp;","listText":"Can he as rich as Buffet?&nbsp;[笑哭]&nbsp;","text":"Can he as rich as Buffet? [笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/196109302","repostId":"2135710626","repostType":4,"isVote":1,"tweetType":1,"viewCount":1203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":115539260,"gmtCreate":1623021918250,"gmtModify":1631892031249,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"It's a boring week?","listText":"It's a boring week?","text":"It's a boring 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milk?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/197512297","repostId":"1126891253","repostType":4,"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163282925,"gmtCreate":1623886255267,"gmtModify":1631889629514,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"[晕]&nbsp;","listText":"[晕]&nbsp;","text":"[晕]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/163282925","repostId":"2144270718","repostType":4,"isVote":1,"tweetType":1,"viewCount":3069,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":135843029,"gmtCreate":1622159108161,"gmtModify":1634183380260,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"CRM 还是不错的！","listText":"CRM 还是不错的！","text":"CRM 还是不错的！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/135843029","repostId":"2138817953","repostType":4,"isVote":1,"tweetType":1,"viewCount":719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":139228660,"gmtCreate":1621639808650,"gmtModify":1634187546213,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"SEC wants to scrutinize Spac, need to run?","listText":"SEC wants to scrutinize Spac, need to run?","text":"SEC wants to scrutinize Spac, need to run?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/139228660","repostId":"2137907575","repostType":4,"isVote":1,"tweetType":1,"viewCount":468,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168654867,"gmtCreate":1623974839959,"gmtModify":1631889629503,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"Miss the boat","listText":"Miss the boat","text":"Miss the boat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/168654867","repostId":"2144747476","repostType":4,"isVote":1,"tweetType":1,"viewCount":2477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196710970,"gmtCreate":1621121498090,"gmtModify":1634193997820,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"It's good to get all the employees vaccinated...Hopefully soon can travel","listText":"It's good to get all the employees vaccinated...Hopefully soon can travel","text":"It's good to get all the employees vaccinated...Hopefully soon can travel","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/196710970","repostId":"1174509827","repostType":4,"repost":{"id":"1174509827","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1621004388,"share":"https://www.laohunote.com/m/news/1174509827?lang=zh_CN&edition=full","pubTime":"2021-05-14 22:59","market":"us","language":"en","title":"Delta Mandates All New Employees Must Have COVID-19 Vaccinations<blockquote>达美航空要求所有新员工必须接种 COVID-19 疫苗</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174509827","media":"Benzinga Earnings","summary":"Delta Air Lines, Inc. DAL 4.24% has announced a new corporate mandate requiring all future employees to be vaccinated against COVID-19 before joining the company.What Happened: The Atlanta-headquartered carrier issued a statement praising the vaccines for protecting individuals and speeding the end of the pandemic, adding that the new mandate will ensure its employees will not face a reprise of the health crisis.“Delta people have made great progress to achieve herd immunity within our workforce","content":"<p><b>Delta Air Lines, Inc.</b>&nbsp;DAL 4.24%&nbsp;has announced a new corporate mandate requiring all future employees to be vaccinated against COVID-19 before joining the company.</p><p><blockquote><b>达美航空公司。</b>DAL 4.24% 宣布了一项新的公司规定，要求所有未来的员工在加入公司前接种 COVID-19 疫苗。</blockquote></p><p> <b>What Happened:</b>&nbsp;The Atlanta-headquartered carrier issued a statement praising the vaccines for protecting individuals and speeding the end of the pandemic, adding that&nbsp;the new mandate will ensure its employees will not face a reprise of the health crisis.</p><p><blockquote><b>发生了什么：</b>这家总部位于亚特兰大的航空公司发表声明，称赞疫苗可以保护个人并加速疫情的结束，并补充说，新的授权将确保其员工不会面临健康危机的重演。</blockquote></p><p> “Delta people have made great progress to achieve herd immunity within our workforce, so to help us maintain that trajectory, we will be requiring all new hires in the U.S. to be vaccinated against COVID-19 unless they qualify for an accommodation,” said Elizabeth Ninomiya, manager of strategic communications. “This is an important move to protect our workforce and our customers as our business recovers and demand for air travel continues to rise.”</p><p><blockquote>“战略传播经理伊丽莎白-二宫（Elizabeth Ninomiya）说：”达美航空在实现员工队伍群体免疫方面取得了巨大进步，因此，为了帮助我们保持这一势头，我们将要求美国所有新员工接种 COVID-19 疫苗，除非他们有资格获得住宿。“随着我们业务的复苏和航空旅行需求的持续增长，这是保护我们员工和客户的重要举措”。</blockquote></p><p> Speaking on&nbsp;CNN, Delta CEO Ed Bastian clarified this mandate won't apply to current employees.</p><p><blockquote>达美航空首席执行官埃德·巴斯蒂安在接受美国有线电视新闻网采访时澄清说，这项规定不适用于现有员工。</blockquote></p><p> “I am not going to mandate and force people if they have some specific reason why they don’t want to get vaccinated,” he said. “I am going to strongly encourage them that they understand the risks of not getting vaccinated.”</p><p><blockquote>“他说：”如果人们有特定的理由不想接种疫苗，我不会强迫他们接种疫苗。“我将强烈鼓励他们了解不接种疫苗的风险”。</blockquote></p><p> However, he noted&nbsp;employees who are not vaccinated may be excluded from certain assignments, including international flights. He added that 60% of Delta’s workforce has at least one vaccine shot.</p><p><blockquote>然而，他指出，未接种疫苗的员工可能会被排除在某些任务之外，包括国际航班。他补充说，达美航空 60% 的员工至少接种过一次疫苗。</blockquote></p><p> <i>Related Link:CDC Says Fully Vaccinated People Can Mostly Stop Wearing Masks</i></p><p><blockquote><i>相关链接：疾病预防控制中心表示，完全接种疫苗的人大多可以停止戴口罩</i></blockquote></p><p> <b>Why It Matters:</b>&nbsp;Delta is the first U.S. carrier to announce it will only hire vaccinated individuals.The New York Timesreported&nbsp;<b>United Airlines Holdings&nbsp;Inc.</b>UAL 4.73%CEO Scott Kirby voiced his support for the idea in a video forum in January, but decided not to go forward because the carrier could not “realistically be the only company” to take this action.</p><p><blockquote><b>为什么重要：</b>达美航空是第一家宣布只雇用接种疫苗的个人的美国航空公司。《纽约时报》报道<b>联合航空控股公司。</b>UAL 4.73% 首席执行官斯科特-柯比（Scott Kirby）在 1 月份的一个视频论坛上表示支持这一想法，但决定不再推进，因为该航空公司不可能 “实际上是唯一一家 ”采取这一行动的公司。</blockquote></p><p> Although most schools in the U.S. require children to have certain vaccinations, there is no precedent for companies refusing to hire people based on their vaccination status.</p><p><blockquote>虽然美国大多数学校都要求孩子接种某些疫苗，但公司根据疫苗接种情况拒绝雇用员工的先例并没有。</blockquote></p><p> Current&nbsp;federal policy on employer-mandated vaccinations is focused on the rights of current employees, not potential hires.</p><p><blockquote>目前关于雇主强制接种疫苗的联邦政策侧重于现有雇员的权利，而不是潜在雇员的权利。</blockquote></p><p> The Equal Employment Opportunity Commission (EEOC) issued&nbsp;guidancelast December stating companies “may encourage or possibly require COVID-19 vaccinations” of its workforce, provided their policies are in compliance with workplace laws including the Americans with Disabilities Act and Title VII of the Civil Rights Act of 1964 (Title VII).</p><p><blockquote>平等就业机会委员会（EEOC）去年 12 月发布了指导意见，指出公司 “可以鼓励或可能要求 ”其员工接种 COVID-19 疫苗，前提是其政策符合工作场所法律，包括《美国残疾人法》和 1964 年民权法案第七章（第七章）。</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>Delta Mandates All New Employees Must Have COVID-19 Vaccinations<blockquote>达美航空要求所有新员工必须接种 COVID-19 疫苗</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; 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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\">\nDelta Mandates All New Employees Must Have COVID-19 Vaccinations<blockquote>达美航空要求所有新员工必须接种 COVID-19 疫苗</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-05-14 22:59</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b>Delta Air Lines, Inc.</b>&nbsp;DAL 4.24%&nbsp;has announced a new corporate mandate requiring all future employees to be vaccinated against COVID-19 before joining the company.</p><p><blockquote><b>达美航空公司。</b>DAL 4.24% 宣布了一项新的公司规定，要求所有未来的员工在加入公司前接种 COVID-19 疫苗。</blockquote></p><p> <b>What Happened:</b>&nbsp;The Atlanta-headquartered carrier issued a statement praising the vaccines for protecting individuals and speeding the end of the pandemic, adding that&nbsp;the new mandate will ensure its employees will not face a reprise of the health crisis.</p><p><blockquote><b>发生了什么：</b>这家总部位于亚特兰大的航空公司发表声明，称赞疫苗可以保护个人并加速疫情的结束，并补充说，新的授权将确保其员工不会面临健康危机的重演。</blockquote></p><p> “Delta people have made great progress to achieve herd immunity within our workforce, so to help us maintain that trajectory, we will be requiring all new hires in the U.S. to be vaccinated against COVID-19 unless they qualify for an accommodation,” said Elizabeth Ninomiya, manager of strategic communications. “This is an important move to protect our workforce and our customers as our business recovers and demand for air travel continues to rise.”</p><p><blockquote>“战略传播经理伊丽莎白-二宫（Elizabeth Ninomiya）说：”达美航空在实现员工队伍群体免疫方面取得了巨大进步，因此，为了帮助我们保持这一势头，我们将要求美国所有新员工接种 COVID-19 疫苗，除非他们有资格获得住宿。“随着我们业务的复苏和航空旅行需求的持续增长，这是保护我们员工和客户的重要举措”。</blockquote></p><p> Speaking on&nbsp;CNN, Delta CEO Ed Bastian clarified this mandate won't apply to current employees.</p><p><blockquote>达美航空首席执行官埃德·巴斯蒂安在接受美国有线电视新闻网采访时澄清说，这项规定不适用于现有员工。</blockquote></p><p> “I am not going to mandate and force people if they have some specific reason why they don’t want to get vaccinated,” he said. “I am going to strongly encourage them that they understand the risks of not getting vaccinated.”</p><p><blockquote>“他说：”如果人们有特定的理由不想接种疫苗，我不会强迫他们接种疫苗。“我将强烈鼓励他们了解不接种疫苗的风险”。</blockquote></p><p> However, he noted&nbsp;employees who are not vaccinated may be excluded from certain assignments, including international flights. He added that 60% of Delta’s workforce has at least one vaccine shot.</p><p><blockquote>然而，他指出，未接种疫苗的员工可能会被排除在某些任务之外，包括国际航班。他补充说，达美航空 60% 的员工至少接种过一次疫苗。</blockquote></p><p> <i>Related Link:CDC Says Fully Vaccinated People Can Mostly Stop Wearing Masks</i></p><p><blockquote><i>相关链接：疾病预防控制中心表示，完全接种疫苗的人大多可以停止戴口罩</i></blockquote></p><p> <b>Why It Matters:</b>&nbsp;Delta is the first U.S. carrier to announce it will only hire vaccinated individuals.The New York Timesreported&nbsp;<b>United Airlines Holdings&nbsp;Inc.</b>UAL 4.73%CEO Scott Kirby voiced his support for the idea in a video forum in January, but decided not to go forward because the carrier could not “realistically be the only company” to take this action.</p><p><blockquote><b>为什么重要：</b>达美航空是第一家宣布只雇用接种疫苗的个人的美国航空公司。《纽约时报》报道<b>联合航空控股公司。</b>UAL 4.73% 首席执行官斯科特-柯比（Scott Kirby）在 1 月份的一个视频论坛上表示支持这一想法，但决定不再推进，因为该航空公司不可能 “实际上是唯一一家 ”采取这一行动的公司。</blockquote></p><p> Although most schools in the U.S. require children to have certain vaccinations, there is no precedent for companies refusing to hire people based on their vaccination status.</p><p><blockquote>虽然美国大多数学校都要求孩子接种某些疫苗，但公司根据疫苗接种情况拒绝雇用员工的先例并没有。</blockquote></p><p> Current&nbsp;federal policy on employer-mandated vaccinations is focused on the rights of current employees, not potential hires.</p><p><blockquote>目前关于雇主强制接种疫苗的联邦政策侧重于现有雇员的权利，而不是潜在雇员的权利。</blockquote></p><p> The Equal Employment Opportunity Commission (EEOC) issued&nbsp;guidancelast December stating companies “may encourage or possibly require COVID-19 vaccinations” of its workforce, provided their policies are in compliance with workplace laws including the Americans with Disabilities Act and Title VII of the Civil Rights Act of 1964 (Title VII).</p><p><blockquote>平等就业机会委员会（EEOC）去年 12 月发布了指导意见，指出公司 “可以鼓励或可能要求 ”其员工接种 COVID-19 疫苗，前提是其政策符合工作场所法律，包括《美国残疾人法》和 1964 年民权法案第七章（第七章）。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAL":"达美航空"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174509827","content_text":"Delta Air Lines, Inc. DAL 4.24% has announced a new corporate mandate requiring all future employees to be vaccinated against COVID-19 before joining the company.\nWhat Happened: The Atlanta-headquartered carrier issued a statement praising the vaccines for protecting individuals and speeding the end of the pandemic, adding that the new mandate will ensure its employees will not face a reprise of the health crisis.\n“Delta people have made great progress to achieve herd immunity within our workforce, so to help us maintain that trajectory, we will be requiring all new hires in the U.S. to be vaccinated against COVID-19 unless they qualify for an accommodation,” said Elizabeth Ninomiya, manager of strategic communications. “This is an important move to protect our workforce and our customers as our business recovers and demand for air travel continues to rise.”\nSpeaking on CNN, Delta CEO Ed Bastian clarified this mandate won't apply to current employees.\n“I am not going to mandate and force people if they have some specific reason why they don’t want to get vaccinated,” he said. “I am going to strongly encourage them that they understand the risks of not getting vaccinated.”\nHowever, he noted employees who are not vaccinated may be excluded from certain assignments, including international flights. He added that 60% of Delta’s workforce has at least one vaccine shot.\nRelated Link:CDC Says Fully Vaccinated People Can Mostly Stop Wearing Masks\nWhy It Matters: Delta is the first U.S. carrier to announce it will only hire vaccinated individuals.The New York Timesreported United Airlines Holdings Inc.UAL 4.73%CEO Scott Kirby voiced his support for the idea in a video forum in January, but decided not to go forward because the carrier could not “realistically be the only company” to take this action.\nAlthough most schools in the U.S. require children to have certain vaccinations, there is no precedent for companies refusing to hire people based on their vaccination status.\nCurrent federal policy on employer-mandated vaccinations is focused on the rights of current employees, not potential hires.\nThe Equal Employment Opportunity Commission (EEOC) issued guidancelast December stating companies “may encourage or possibly require COVID-19 vaccinations” of its workforce, provided their policies are in compliance with workplace laws including the Americans with Disabilities Act and Title VII of the Civil Rights Act of 1964 (Title VII).","news_type":1,"symbols_score_info":{"DAL":0.9}},"isVote":1,"tweetType":1,"viewCount":715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198121273,"gmtCreate":1620947805092,"gmtModify":1634195142888,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"So scary…20% already too much","listText":"So scary…20% already too much","text":"So scary…20% already too much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/198121273","repostId":"1196862271","repostType":4,"repost":{"id":"1196862271","kind":"news","pubTimestamp":1620919313,"share":"https://www.laohunote.com/m/news/1196862271?lang=zh_CN&edition=full","pubTime":"2021-05-13 23:21","market":"us","language":"en","title":"The Last Two Times This Hit, Stocks Dropped 20% and 50%, Respectively<blockquote>最近两次遭受这种打击，股票分别下跌了 20% 和 50%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196862271","media":"zerohedge","summary":"In our last article, I outlined how the rise in inflation has slammed Tech stocks lower.\nBy way of a","content":"<p>In our last article, I outlined how the rise in inflation has slammed Tech stocks lower.</p><p><blockquote>在我们的上一篇文章中，我概述了通胀上升如何导致科技股下跌。</blockquote></p><p> By way of a quick review, Tech, as represented by the NASDAQ is highly sensitive to inflation on an inverse relationship: when inflation rises, Tech stocks collapse and when inflation falls, Tech stocks erupt higher.</p><p><blockquote>快速回顾一下，以纳斯达克为代表的科技股对通货膨胀高度敏感，呈反比关系：当通货膨胀上升时，科技股崩溃，当通货膨胀下降时，科技股爆发走高。</blockquote></p><p> The reason for this is that much of Tech investing is based on growth rates. And if bond yields rise as a result of inflation, bonds become more attractive as an investment, taking away from the appeal of Tech.</p><p><blockquote>原因是大部分科技投资都是基于增长率的。如果债券收益率因通货膨胀而上升，债券作为投资就会变得更具吸引力，从而削弱科技的吸引力。</blockquote></p><p> As I noted yesterday. as inflation entered the financial system in 2020 and began to accelerate in 2021, Tech stocks have struggled. You can see this in the chart below (red rectangle).</p><p><blockquote>正如我昨天提到的。随着通货膨胀在2020年进入金融体系并在2021年开始加速，科技股一直在苦苦挣扎。您可以在下图（红色矩形）中看到这一点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6366a605a86374ef9af9de07ae828fd4\" tg-width=\"500\" tg-height=\"606\" referrerpolicy=\"no-referrer\">So, we know that Tech is going to struggle going forward as inflation heats up. But what about the broader market like the S&amp;P 500? Will it collapse too?</p><p><blockquote>因此，我们知道，随着通胀升温，科技将难以前进。但是像标普500这样更广泛的市场呢？它也会崩溃吗？</blockquote></p><p> To figure that out, let’s take a look at the last two inflationary scares in the U.S.</p><p><blockquote>为了弄清楚这一点，让我们来看看美国最近两次通胀恐慌。</blockquote></p><p> The most recent scare occurred in 2010-2011. At that time, the Fed was pretty quick on the uptake and decided to allow its QE 2 program (the cause of the inflationary spike) to end.</p><p><blockquote>最近一次恐慌发生在2010-2011年。当时，美联储很快就接受了，并决定允许其QE 2计划（通胀飙升的原因）结束。</blockquote></p><p> The Fed then waited several months before introducing any new monetary programs. And when it did introduce one, it didn’t involve money printing (instead the Fed used the proceeds from Treasury sales to buy long-date Treasuries through a process called Operation Twist). This was a kind of stealth tightening.</p><p><blockquote>随后，美联储等了几个月才推出任何新的货币计划。而当美联储推出这一政策时，并不涉及印钞（相反，美联储利用国债销售所得通过一个名为“扭曲行动”的过程购买长期国债）。这是一种秘密收紧。</blockquote></p><p> Stocks didn’t like this, collapsing nearly 20%.</p><p><blockquote>股市不喜欢这样，暴跌近 20%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1fdf95bc30276d330c4bd7a5f62b10d2\" tg-width=\"620\" tg-height=\"376\"></p><p><blockquote></blockquote></p><p> Bear in mind, that was a relatively minor inflationary scare. During the last legitimate inflationary storm in the 1970s-1980s.</p><p><blockquote>请记住，这是一次相对轻微的通胀恐慌。在20世纪70年代至80年代最后一次合法的通货膨胀风暴期间。</blockquote></p><p> During that mess, the Fed was forced to be MUCH more aggressive with its tightening, embarking on two aggressive tightening schedules. It’s worth noting that this triggered two SEVERE recessions (shaded areas).</p><p><blockquote>在那场混乱中，美联储被迫采取更加激进的紧缩政策，开始了两项激进的紧缩计划。值得注意的是，这引发了两次严重的衰退（阴影区域）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6f6ed1ada17beb2066d0017b576e64cc\" tg-width=\"1168\" tg-height=\"450\"></p><p><blockquote></blockquote></p><p> This IMPLODED the stock market, resulting in a roughly 50% decline over the course of 18 months.<img src=\"https://static.tigerbbs.com/3b38c35b81a872044b03ce49014d5e46\" tg-width=\"620\" tg-height=\"376\"></p><p><blockquote>这导致股市内爆，导致 18 个月内下跌约 50%。</blockquote></p><p> So, what will it be this time? Will the Fed engage in a stealth taper as was the case in 2011… or will it tighten monetary policy aggressively as it did in the 1970s and 1980s?</p><p><blockquote>那么，这次会是什么呢？美联储会像2011年那样秘密缩减货币政策吗……还是会像20世纪70年代和80年代那样积极收紧货币政策？</blockquote></p><p> We’ll address that in our next article.</p><p><blockquote>我们将在下一篇文章中讨论这个问题。</blockquote></p><p> in the meantime, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation&nbsp;<b>pay you</b>&nbsp;as it rips through the financial system in the months ahead.</p><p><blockquote>与此同时，我们刚刚发布了一份特别投资报告，内容涉及您可以用来制造通货膨胀的五种秘密投资<b>付给你</b>随着它在未来几个月席卷金融体系。</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>The Last Two Times This Hit, Stocks Dropped 20% and 50%, Respectively<blockquote>最近两次遭受这种打击，股票分别下跌了 20% 和 50%</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\">\nThe Last Two Times This Hit, Stocks Dropped 20% and 50%, Respectively<blockquote>最近两次遭受这种打击，股票分别下跌了 20% 和 50%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-05-13 23:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In our last article, I outlined how the rise in inflation has slammed Tech stocks lower.</p><p><blockquote>在我们的上一篇文章中，我概述了通胀上升如何导致科技股下跌。</blockquote></p><p> By way of a quick review, Tech, as represented by the NASDAQ is highly sensitive to inflation on an inverse relationship: when inflation rises, Tech stocks collapse and when inflation falls, Tech stocks erupt higher.</p><p><blockquote>快速回顾一下，以纳斯达克为代表的科技股对通货膨胀高度敏感，呈反比关系：当通货膨胀上升时，科技股崩溃，当通货膨胀下降时，科技股爆发走高。</blockquote></p><p> The reason for this is that much of Tech investing is based on growth rates. And if bond yields rise as a result of inflation, bonds become more attractive as an investment, taking away from the appeal of Tech.</p><p><blockquote>原因是大部分科技投资都是基于增长率的。如果债券收益率因通货膨胀而上升，债券作为投资就会变得更具吸引力，从而削弱科技的吸引力。</blockquote></p><p> As I noted yesterday. as inflation entered the financial system in 2020 and began to accelerate in 2021, Tech stocks have struggled. You can see this in the chart below (red rectangle).</p><p><blockquote>正如我昨天提到的。随着通货膨胀在2020年进入金融体系并在2021年开始加速，科技股一直在苦苦挣扎。您可以在下图（红色矩形）中看到这一点。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6366a605a86374ef9af9de07ae828fd4\" tg-width=\"500\" tg-height=\"606\" referrerpolicy=\"no-referrer\">So, we know that Tech is going to struggle going forward as inflation heats up. But what about the broader market like the S&amp;P 500? Will it collapse too?</p><p><blockquote>因此，我们知道，随着通胀升温，科技将难以前进。但是像标普500这样更广泛的市场呢？它也会崩溃吗？</blockquote></p><p> To figure that out, let’s take a look at the last two inflationary scares in the U.S.</p><p><blockquote>为了弄清楚这一点，让我们来看看美国最近两次通胀恐慌。</blockquote></p><p> The most recent scare occurred in 2010-2011. At that time, the Fed was pretty quick on the uptake and decided to allow its QE 2 program (the cause of the inflationary spike) to end.</p><p><blockquote>最近一次恐慌发生在2010-2011年。当时，美联储很快就接受了，并决定允许其QE 2计划（通胀飙升的原因）结束。</blockquote></p><p> The Fed then waited several months before introducing any new monetary programs. And when it did introduce one, it didn’t involve money printing (instead the Fed used the proceeds from Treasury sales to buy long-date Treasuries through a process called Operation Twist). This was a kind of stealth tightening.</p><p><blockquote>随后，美联储等了几个月才推出任何新的货币计划。而当美联储推出这一政策时，并不涉及印钞（相反，美联储利用国债销售所得通过一个名为“扭曲行动”的过程购买长期国债）。这是一种秘密收紧。</blockquote></p><p> Stocks didn’t like this, collapsing nearly 20%.</p><p><blockquote>股市不喜欢这样，暴跌近 20%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1fdf95bc30276d330c4bd7a5f62b10d2\" tg-width=\"620\" tg-height=\"376\"></p><p><blockquote></blockquote></p><p> Bear in mind, that was a relatively minor inflationary scare. During the last legitimate inflationary storm in the 1970s-1980s.</p><p><blockquote>请记住，这是一次相对轻微的通胀恐慌。在20世纪70年代至80年代最后一次合法的通货膨胀风暴期间。</blockquote></p><p> During that mess, the Fed was forced to be MUCH more aggressive with its tightening, embarking on two aggressive tightening schedules. It’s worth noting that this triggered two SEVERE recessions (shaded areas).</p><p><blockquote>在那场混乱中，美联储被迫采取更加激进的紧缩政策，开始了两项激进的紧缩计划。值得注意的是，这引发了两次严重的衰退（阴影区域）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6f6ed1ada17beb2066d0017b576e64cc\" tg-width=\"1168\" tg-height=\"450\"></p><p><blockquote></blockquote></p><p> This IMPLODED the stock market, resulting in a roughly 50% decline over the course of 18 months.<img src=\"https://static.tigerbbs.com/3b38c35b81a872044b03ce49014d5e46\" tg-width=\"620\" tg-height=\"376\"></p><p><blockquote>这导致股市内爆，导致 18 个月内下跌约 50%。</blockquote></p><p> So, what will it be this time? Will the Fed engage in a stealth taper as was the case in 2011… or will it tighten monetary policy aggressively as it did in the 1970s and 1980s?</p><p><blockquote>那么，这次会是什么呢？美联储会像2011年那样秘密缩减货币政策吗……还是会像20世纪70年代和80年代那样积极收紧货币政策？</blockquote></p><p> We’ll address that in our next article.</p><p><blockquote>我们将在下一篇文章中讨论这个问题。</blockquote></p><p> in the meantime, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation&nbsp;<b>pay you</b>&nbsp;as it rips through the financial system in the months ahead.</p><p><blockquote>与此同时，我们刚刚发布了一份特别投资报告，内容涉及您可以用来制造通货膨胀的五种秘密投资<b>付给你</b>随着它在未来几个月席卷金融体系。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/news/2021-05-13/last-two-times-hit-stocks-dropped-20-and-50-respectively\">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":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/news/2021-05-13/last-two-times-hit-stocks-dropped-20-and-50-respectively","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196862271","content_text":"In our last article, I outlined how the rise in inflation has slammed Tech stocks lower.\nBy way of a quick review, Tech, as represented by the NASDAQ is highly sensitive to inflation on an inverse relationship: when inflation rises, Tech stocks collapse and when inflation falls, Tech stocks erupt higher.\nThe reason for this is that much of Tech investing is based on growth rates. And if bond yields rise as a result of inflation, bonds become more attractive as an investment, taking away from the appeal of Tech.\nAs I noted yesterday. as inflation entered the financial system in 2020 and began to accelerate in 2021, Tech stocks have struggled. You can see this in the chart below (red rectangle).\nSo, we know that Tech is going to struggle going forward as inflation heats up. But what about the broader market like the S&P 500? Will it collapse too?\nTo figure that out, let’s take a look at the last two inflationary scares in the U.S.\nThe most recent scare occurred in 2010-2011. At that time, the Fed was pretty quick on the uptake and decided to allow its QE 2 program (the cause of the inflationary spike) to end.\nThe Fed then waited several months before introducing any new monetary programs. And when it did introduce one, it didn’t involve money printing (instead the Fed used the proceeds from Treasury sales to buy long-date Treasuries through a process called Operation Twist). This was a kind of stealth tightening.\nStocks didn’t like this, collapsing nearly 20%.\n\nBear in mind, that was a relatively minor inflationary scare. During the last legitimate inflationary storm in the 1970s-1980s.\nDuring that mess, the Fed was forced to be MUCH more aggressive with its tightening, embarking on two aggressive tightening schedules. It’s worth noting that this triggered two SEVERE recessions (shaded areas).\n\nThis IMPLODED the stock market, resulting in a roughly 50% decline over the course of 18 months.\nSo, what will it be this time? Will the Fed engage in a stealth taper as was the case in 2011… or will it tighten monetary policy aggressively as it did in the 1970s and 1980s?\nWe’ll address that in our next article.\nin the meantime, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it rips through the financial system in the months ahead.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191191135,"gmtCreate":1620862289927,"gmtModify":1634195846387,"author":{"id":"3553731454353837","authorId":"3553731454353837","name":"CMPek","avatar":"https://static.tigerbbs.com/468425562736f96d38e968e1b2419132","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553731454353837","authorIdStr":"3553731454353837"},"themes":[],"title":"","htmlText":"Inflation becomes the headlines of the week for US market","listText":"Inflation becomes the headlines of the week for US market","text":"Inflation becomes the headlines of the week for US market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/191191135","repostId":"2135584610","repostType":4,"isVote":1,"tweetType":1,"viewCount":626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}