Markchiow的个人主页 - 老虎社区

Markchiow

Markchiow

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1主题

0勋章

2021-02-06

$BlackBerry(BB)$can be see going strong in the coming week since before the result coming soon

2021-01-26

$Tiger Brokers(TIGR)$老虎🐅养精蓄锐了一阵子。应该又是生龙活虎。。。虎虎生威了。。

2021-01-26

$Tiger Brokers(TIGR)$没有调整一下是没什么再踏进一大步。看好你。前途无量……

2021-02-26

$BlackBerry(BB)$$16.10

2021-02-06

$BlackBerry(BB)$paper gain but no real profit

2021-11-15

$PayPal(PYPL)$Up up up

2021-04-07

$BlackBerry(BB)$Buy n hold.....😁

2021-02-09

Will affected the stock markets when rates go upalso the funds will sell off stock during that time

The 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?<blockquote>30年期国债收益率达到2%。收益率什么时候会开始损害股市？</blockquote>

2021-02-08

大象与灰鼠你知道他的弱点。你就是胜利者🤔

抱歉，原内容已删除

2020-11-02

New month new hope

抱歉，原内容已删除

2021-11-13

$PayPal(PYPL)$sell high but buy Low n hold

2021-11-02

$Tiger Brokers(TIGR)$6.92

2021-04-06

$BlackBerry(BB)$Buy some n hold

2021-11-17

today favoured

2021-04-28

$BlackBerry(BB)$Q there and suddenly fill

2021-03-27

$BlackBerry(BB)$Buy at Low .....🤭....???

2021-02-08

Better for the future if the COVID 19 will gone n businesses will improve

抱歉，原内容已删除

2021-01-29

小鱼仔与大鲨鱼的世纪之战。。。😁😁😁😁

After plunge, GameStop and AMC remain Reddit darlings<blockquote>暴跌后，游戏驿站和AMC仍然是Reddit的宠儿</blockquote>

2021-01-27

Can’t imagine the future will be ...should take people to the outspace in the 30 years...?

What Might The New ARK Space Exploration ETF Look Like?<blockquote>新的方舟太空探索ETF会是什么样子？</blockquote>

2021-01-23

The more they produce they will save cost on thematerial n spare parts

抱歉，原内容已删除

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some&nbsp;n hold&nbsp;","text":"$BlackBerry(BB)$Buy some n hold","images":[{"img":"https://static.tigerbbs.com/38f1d2ea2255137aa381836a6a61f569","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/349748088","isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":356222171,"gmtCreate":1616780762693,"gmtModify":1634524015357,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554814183854049","authorIdStr":"3554814183854049"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>Buy at Low .....🤭....???","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>Buy at Low 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href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>$16.10","text":"$BlackBerry(BB)$$16.10","images":[{"img":"https://static.tigerbbs.com/497cb0cf6d43fb52df1f5a5a2f20afb9","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/368575454","isVote":1,"tweetType":1,"viewCount":1664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},{"id":384667555,"gmtCreate":1613649083577,"gmtModify":1634552799240,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554814183854049","authorIdStr":"3554814183854049"},"themes":[],"htmlText":"跌跌不休。。。看来也是该见底了[开心]&nbsp;","listText":"跌跌不休。。。看来也是该见底了[开心]&nbsp;","text":"跌跌不休。。。看来也是该见底了[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384667555","repostId":"384946499","repostType":1,"isVote":1,"tweetType":1,"viewCount":1909,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":383827827,"gmtCreate":1612866285769,"gmtModify":1703765999288,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554814183854049","authorIdStr":"3554814183854049"},"themes":[],"htmlText":"Will affected the stock markets when rates go upalso the funds will sell off stock during that time&nbsp;","listText":"Will affected the stock markets when rates go upalso the funds will sell off stock during that time&nbsp;","text":"Will affected the stock markets when rates go upalso the funds will sell off stock during that time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/383827827","repostId":"1114166601","repostType":4,"repost":{"id":"1114166601","kind":"news","pubTimestamp":1612866163,"share":"https://www.laohu8.com/m/news/1114166601?lang=zh_CN&edition=full","pubTime":"2021-02-09 18:22","market":"us","language":"en","title":"The 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?<blockquote>30年期国债收益率达到2%。收益率什么时候会开始损害股市？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114166601","media":"Barrons","summary":"After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first t","content":"<p>After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first time since Covid-19 hit. That has investors asking when the broader trend of rising bond yields will hurt the stock market.</p><p><blockquote>在长期国债收益率长期走高后，30年期国债收益率自Covid-19爆发以来首次攀升至2%以上。这让投资者询问债券收益率上升的更广泛趋势何时会损害股市。</blockquote></p><p>The central concern is that&nbsp;once Treasury yields climb high enough&nbsp;investors will want to buy safe bonds instead of stocks or high-yield debt. But it isn’t clear when that will occur, and the 30-year bond carries&nbsp;extra risk of losses as yields keep rising. When it comes to the 10-year note, a more popular benchmark<b>,</b>Wall Street consensus is hard to find:&nbsp;Strategists’ forecasts say 10-year Treasury yields may need to rise only to 1.75%, or as high as 5%, to make them more attractive than those riskier alternatives.</p><p><blockquote>最核心的担忧是，一旦美国国债收益率攀升到足够高的水平，投资者将希望购买安全债券，而不是股票或高收益债券。但目前尚不清楚这种情况何时会发生，而且随着收益率不断上升，30年期债券面临额外的损失风险。说到10年期国债，一个更受欢迎的基准<b>,</b>华尔街的共识很难找到：策略师的预测称，10年期国债收益率可能只需升至1.75%，或高达5%，就能使其比那些风险更高的替代品更具吸引力。</blockquote></p><p>Yields on long-term Treasuries have been rising steadily since late August, and more quickly since Nov. 9, whenPfizerand BioNTech announced an effective Covid-19 vaccine. The 30-year yield was hovering near 2% Monday after breaching that level in morning trading—up from 1.6% before the vaccine. The benchmark 10-year yield has climbed as well, rising to 1.2% Monday from 0.8% before the vaccine.</p><p><blockquote>自8月下旬以来，长期国债收益率一直在稳步上升，自11月9日辉瑞和BioNTech宣布推出有效的Covid-19疫苗以来，这种上升速度更快。30年期国债收益率在早盘突破该水平后，周一徘徊在2%附近，高于疫苗接种前的1.6%。基准10年期国债收益率也有所攀升，从疫苗接种前的0.8%升至周一的1.2%。</blockquote></p><p>Long-term yields had retreated from their morning highs by Monday afternoon amid concerns about Covid-19 vaccine distribution and the pace of global economic reopening, with the 10-year yield off one basis points (hundredth of a percentage point) and the 30-year yield down three basis points.</p><p><blockquote>由于对Covid-19疫苗分发和全球经济重新开放步伐的担忧，长期收益率到周一下午已从上午高点回落，10年期国债收益率下跌1个基点（百分之一个百分点），30年期国债收益率下跌3个基点。</blockquote></p><p>But the expectation remains for yields to keep climbing over coming weeks and months. And a key question is how high yields need to be to dent stock-market returns. Several Wall Street strategists have tackled that puzzle in recent notes.</p><p><blockquote>但预计未来几周和几个月收益率将继续攀升。一个关键问题是，收益率需要多高才能削弱股市回报。几位华尔街策略师在最近的报告中解决了这个难题。</blockquote></p><p>Almost 70% of S&amp;P 500 companies pay a higher yield than the 10-year note, wrote a team led by equity strategist Savita Subramanianin a recent note. That proportion would fall to 40% if companies keep their payouts at current levels and the Treasury yield rises to 1.75% by the end of this year, they found.</p><p><blockquote>股票策略师Savita Subramanian领导的团队在最近的一份报告中写道，近70%的标普500公司支付的收益率高于10年期国债。他们发现，如果企业将派息保持在当前水平，并且国债收益率到今年年底升至1.75%，这一比例将降至40%。</blockquote></p><p>That could start undermining the attractiveness of stocks as an income play; today the overall dividend yield on the S&amp;P 500 is 1.5%, higher than the 10-year Treasury payout. That has helped offset concerns about valuations that are higher than historical averages.</p><p><blockquote>这可能会开始削弱股票作为收入游戏的吸引力；如今，标普500的整体股息收益率为1.5%，高于10年期国债派息。这有助于抵消对估值高于历史平均水平的担忧。</blockquote></p><p>Yet the picture looks far better for stocks from a total-return perspective. The implied long-term return of the S&amp;P 500 is around 3%, the bank’s equity strategists wrote.</p><p><blockquote>然而，从总回报的角度来看，股票的情况要好得多。该银行的股票策略师写道，标普500的隐含长期回报率约为3%。</blockquote></p><p>Wall Street strategists don’t expect the 10-year note to be able to challenge that return soon. In a January outlook piece,Bank of America’sinterest-rate strategists predicted that 3% will be the benchmark yield’s peak during this expansion, implying yields won’t reach those levels until the Fed starts raising interest rates. And according to some of the bank’s valuation models, all else equal, stocks will look cheap compared to Treasuries until yields rise to 5%.</p><p><blockquote>华尔街策略师预计10年期国债不会很快挑战这一回报率。美国银行利率策略师在1月份的展望文章中预测，3%将是此次扩张期间基准收益率的峰值，这意味着在美联储开始加息之前收益率不会达到这些水平。根据该银行的一些估值模型，在其他条件相同的情况下，在收益率升至5%之前，与国债相比，股票看起来会很便宜。</blockquote></p><p>More important, a 3% return from the S&amp;P 500 will still outpace akey market gauge of inflation expectations over the next decade. That indicator, called the break-even inflation rate, has been driven higher by improving growth expectations as the U.S. recovers from the Covid-19 crisis. On Monday it hit 2.2%, the highest level since 2014.</p><p><blockquote>更重要的是，标普500 3%的回报率仍将超过未来十年通胀预期的关键市场指标。随着美国从Covid-19危机中复苏，增长预期改善，该指标被称为盈亏平衡通胀率，该指标已被推高。周一触及2.2%，为2014年以来的最高水平。</blockquote></p><p>The 10-year Treasury yield, in contrast, remains below market inflation forecasts over that period, and is expected to stay that way through the end of this year at least. Even higher inflation-adjusted yields may not hurt stocks, wrote Credit Suisse strategist Jonathan Golub in a Feb. 8 note, as the boost stocks get from stronger economic growth should outweigh the bond market’s relative improvement in yield.</p><p><blockquote>相比之下，10年期国债收益率仍低于同期市场通胀预期，预计至少到今年年底仍将保持这种状态。瑞士信贷策略师Jonathan Golub在2月8日的一份报告中写道，即使通胀调整后的收益率上升也可能不会损害股市，因为经济增长强劲对股市的提振应该会超过债券市场收益率的相对改善。</blockquote></p><p>In another positive for stocks, rising yields aren’t negatively affecting large-cap U.S. companies’ balance sheets. The effective yield on the ICE BofA Corporate Index, a gauge of current borrowing costs for high-rated companies, remains at just 1.9% for a maturity of nearly 12 years. And last year’s record-setting flood of fixed-rate borrowing means that companies won’t need to refinance their debt for years.</p><p><blockquote>股市的另一个积极因素是，收益率上升并未对美国大型公司的资产负债表产生负面影响。ICE美国银行企业指数（衡量高评级公司当前借贷成本的指标）的有效收益率在近12年的期限内仍仅为1.9%。去年创纪录的固定利率借款洪流意味着企业多年来不需要为债务再融资。</blockquote></p><p>There is one way that rising rates are negatively affecting at least some stocks:&nbsp; Investors are less willing to wait for profit growth,Goldman Sachsstrategists wrote in a Feb. 7 note. Stocks that are sensitive to economic growth and “value” stocks that underperformed during the pandemic have outperformed since the 10-year yield climbed above 1%, they found, because investors are discounting future cash flows at a higher rate. The Russell 2000 Value ETF (IWN) has climbed 14% so far this year.</p><p><blockquote>高盛策略师在2月7日的一份报告中写道，利率上升至少会对某些股票产生负面影响：投资者不太愿意等待利润增长。他们发现，自10年期国债收益率攀升至1%以上以来，对经济增长敏感的股票和在疫情期间表现不佳的“价值”股票表现优于大盘，因为投资者正在以更高的利率贴现未来现金流。Russell 2000 Value ETF(IWN)今年迄今已上涨14%。</blockquote></p><p></p><p>Goldman strategists wrote that a quick jump in Treasury yields would be dangerous for the stock market as a whole. But the bank estimated that real damage would require yields to rise 36 basis points in the span of a month. That looks unlikely, considering the fact that it took yields about three months to climb that far during the latest attention-grabbing move higher.</p><p><blockquote>高盛策略师写道，美国国债收益率的快速跃升对整个股市来说将是危险的。但该行估计，真正的损害需要收益率在一个月内上升36个基点。考虑到在最近一次引人注目的走高过程中，收益率花了大约三个月的时间才攀升到如此程度，这看起来不太可能。</blockquote></p><p>Of course, the rise in yields will likely require some changes in the way that money managers who allocate cash across different markets make their decisions, strategists and investors say. Hedge fund D.E. Shaw recently found that long-term bonds should serve as a betterhedge against declines in the stock marketas yields rise.</p><p><blockquote>当然，策略师和投资者表示，收益率的上升可能需要在不同市场分配现金的基金经理的决策方式发生一些变化。对冲基金D.E肖最近发现，随着收益率上升，长期债券应该可以更好地对冲股市下跌。</blockquote></p><p>So bonds will likely become marginally more attractive in coming months. But it isn’t clear that such a shift will be enough to undermine stocks, especially as long-term bond returns are most at risk from rising yields. So while Treasuries could provide a better alternative to stocks some day, that process could take longer than investors might think.</p><p><blockquote>因此，未来几个月债券可能会变得更具吸引力。但目前尚不清楚这种转变是否足以削弱股市，特别是在长期债券回报因收益率上升而面临的风险最大的情况下。因此，尽管美国国债有一天可能会提供比股票更好的替代品，但这一过程可能需要比投资者想象的更长的时间。</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>The 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?<blockquote>30年期国债收益率达到2%。收益率什么时候会开始损害股市？</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 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?<blockquote>30年期国债收益率达到2%。收益率什么时候会开始损害股市？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-09 18:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first time since Covid-19 hit. That has investors asking when the broader trend of rising bond yields will hurt the stock market.</p><p><blockquote>在长期国债收益率长期走高后，30年期国债收益率自Covid-19爆发以来首次攀升至2%以上。这让投资者询问债券收益率上升的更广泛趋势何时会损害股市。</blockquote></p><p>The central concern is that&nbsp;once Treasury yields climb high enough&nbsp;investors will want to buy safe bonds instead of stocks or high-yield debt. But it isn’t clear when that will occur, and the 30-year bond carries&nbsp;extra risk of losses as yields keep rising. When it comes to the 10-year note, a more popular benchmark<b>,</b>Wall Street consensus is hard to find:&nbsp;Strategists’ forecasts say 10-year Treasury yields may need to rise only to 1.75%, or as high as 5%, to make them more attractive than those riskier alternatives.</p><p><blockquote>最核心的担忧是，一旦美国国债收益率攀升到足够高的水平，投资者将希望购买安全债券，而不是股票或高收益债券。但目前尚不清楚这种情况何时会发生，而且随着收益率不断上升，30年期债券面临额外的损失风险。说到10年期国债，一个更受欢迎的基准<b>,</b>华尔街的共识很难找到：策略师的预测称，10年期国债收益率可能只需升至1.75%，或高达5%，就能使其比那些风险更高的替代品更具吸引力。</blockquote></p><p>Yields on long-term Treasuries have been rising steadily since late August, and more quickly since Nov. 9, whenPfizerand BioNTech announced an effective Covid-19 vaccine. The 30-year yield was hovering near 2% Monday after breaching that level in morning trading—up from 1.6% before the vaccine. The benchmark 10-year yield has climbed as well, rising to 1.2% Monday from 0.8% before the vaccine.</p><p><blockquote>自8月下旬以来，长期国债收益率一直在稳步上升，自11月9日辉瑞和BioNTech宣布推出有效的Covid-19疫苗以来，这种上升速度更快。30年期国债收益率在早盘突破该水平后，周一徘徊在2%附近，高于疫苗接种前的1.6%。基准10年期国债收益率也有所攀升，从疫苗接种前的0.8%升至周一的1.2%。</blockquote></p><p>Long-term yields had retreated from their morning highs by Monday afternoon amid concerns about Covid-19 vaccine distribution and the pace of global economic reopening, with the 10-year yield off one basis points (hundredth of a percentage point) and the 30-year yield down three basis points.</p><p><blockquote>由于对Covid-19疫苗分发和全球经济重新开放步伐的担忧，长期收益率到周一下午已从上午高点回落，10年期国债收益率下跌1个基点（百分之一个百分点），30年期国债收益率下跌3个基点。</blockquote></p><p>But the expectation remains for yields to keep climbing over coming weeks and months. And a key question is how high yields need to be to dent stock-market returns. Several Wall Street strategists have tackled that puzzle in recent notes.</p><p><blockquote>但预计未来几周和几个月收益率将继续攀升。一个关键问题是，收益率需要多高才能削弱股市回报。几位华尔街策略师在最近的报告中解决了这个难题。</blockquote></p><p>Almost 70% of S&amp;P 500 companies pay a higher yield than the 10-year note, wrote a team led by equity strategist Savita Subramanianin a recent note. That proportion would fall to 40% if companies keep their payouts at current levels and the Treasury yield rises to 1.75% by the end of this year, they found.</p><p><blockquote>股票策略师Savita Subramanian领导的团队在最近的一份报告中写道，近70%的标普500公司支付的收益率高于10年期国债。他们发现，如果企业将派息保持在当前水平，并且国债收益率到今年年底升至1.75%，这一比例将降至40%。</blockquote></p><p>That could start undermining the attractiveness of stocks as an income play; today the overall dividend yield on the S&amp;P 500 is 1.5%, higher than the 10-year Treasury payout. That has helped offset concerns about valuations that are higher than historical averages.</p><p><blockquote>这可能会开始削弱股票作为收入游戏的吸引力；如今，标普500的整体股息收益率为1.5%，高于10年期国债派息。这有助于抵消对估值高于历史平均水平的担忧。</blockquote></p><p>Yet the picture looks far better for stocks from a total-return perspective. The implied long-term return of the S&amp;P 500 is around 3%, the bank’s equity strategists wrote.</p><p><blockquote>然而，从总回报的角度来看，股票的情况要好得多。该银行的股票策略师写道，标普500的隐含长期回报率约为3%。</blockquote></p><p>Wall Street strategists don’t expect the 10-year note to be able to challenge that return soon. In a January outlook piece,Bank of America’sinterest-rate strategists predicted that 3% will be the benchmark yield’s peak during this expansion, implying yields won’t reach those levels until the Fed starts raising interest rates. And according to some of the bank’s valuation models, all else equal, stocks will look cheap compared to Treasuries until yields rise to 5%.</p><p><blockquote>华尔街策略师预计10年期国债不会很快挑战这一回报率。美国银行利率策略师在1月份的展望文章中预测，3%将是此次扩张期间基准收益率的峰值，这意味着在美联储开始加息之前收益率不会达到这些水平。根据该银行的一些估值模型，在其他条件相同的情况下，在收益率升至5%之前，与国债相比，股票看起来会很便宜。</blockquote></p><p>More important, a 3% return from the S&amp;P 500 will still outpace akey market gauge of inflation expectations over the next decade. That indicator, called the break-even inflation rate, has been driven higher by improving growth expectations as the U.S. recovers from the Covid-19 crisis. On Monday it hit 2.2%, the highest level since 2014.</p><p><blockquote>更重要的是，标普500 3%的回报率仍将超过未来十年通胀预期的关键市场指标。随着美国从Covid-19危机中复苏，增长预期改善，该指标被称为盈亏平衡通胀率，该指标已被推高。周一触及2.2%，为2014年以来的最高水平。</blockquote></p><p>The 10-year Treasury yield, in contrast, remains below market inflation forecasts over that period, and is expected to stay that way through the end of this year at least. Even higher inflation-adjusted yields may not hurt stocks, wrote Credit Suisse strategist Jonathan Golub in a Feb. 8 note, as the boost stocks get from stronger economic growth should outweigh the bond market’s relative improvement in yield.</p><p><blockquote>相比之下，10年期国债收益率仍低于同期市场通胀预期，预计至少到今年年底仍将保持这种状态。瑞士信贷策略师Jonathan Golub在2月8日的一份报告中写道，即使通胀调整后的收益率上升也可能不会损害股市，因为经济增长强劲对股市的提振应该会超过债券市场收益率的相对改善。</blockquote></p><p>In another positive for stocks, rising yields aren’t negatively affecting large-cap U.S. companies’ balance sheets. The effective yield on the ICE BofA Corporate Index, a gauge of current borrowing costs for high-rated companies, remains at just 1.9% for a maturity of nearly 12 years. And last year’s record-setting flood of fixed-rate borrowing means that companies won’t need to refinance their debt for years.</p><p><blockquote>股市的另一个积极因素是，收益率上升并未对美国大型公司的资产负债表产生负面影响。ICE美国银行企业指数（衡量高评级公司当前借贷成本的指标）的有效收益率在近12年的期限内仍仅为1.9%。去年创纪录的固定利率借款洪流意味着企业多年来不需要为债务再融资。</blockquote></p><p>There is one way that rising rates are negatively affecting at least some stocks:&nbsp; Investors are less willing to wait for profit growth,Goldman Sachsstrategists wrote in a Feb. 7 note. Stocks that are sensitive to economic growth and “value” stocks that underperformed during the pandemic have outperformed since the 10-year yield climbed above 1%, they found, because investors are discounting future cash flows at a higher rate. The Russell 2000 Value ETF (IWN) has climbed 14% so far this year.</p><p><blockquote>高盛策略师在2月7日的一份报告中写道，利率上升至少会对某些股票产生负面影响：投资者不太愿意等待利润增长。他们发现，自10年期国债收益率攀升至1%以上以来，对经济增长敏感的股票和在疫情期间表现不佳的“价值”股票表现优于大盘，因为投资者正在以更高的利率贴现未来现金流。Russell 2000 Value ETF(IWN)今年迄今已上涨14%。</blockquote></p><p></p><p>Goldman strategists wrote that a quick jump in Treasury yields would be dangerous for the stock market as a whole. But the bank estimated that real damage would require yields to rise 36 basis points in the span of a month. That looks unlikely, considering the fact that it took yields about three months to climb that far during the latest attention-grabbing move higher.</p><p><blockquote>高盛策略师写道，美国国债收益率的快速跃升对整个股市来说将是危险的。但该行估计，真正的损害需要收益率在一个月内上升36个基点。考虑到在最近一次引人注目的走高过程中，收益率花了大约三个月的时间才攀升到如此程度，这看起来不太可能。</blockquote></p><p>Of course, the rise in yields will likely require some changes in the way that money managers who allocate cash across different markets make their decisions, strategists and investors say. Hedge fund D.E. Shaw recently found that long-term bonds should serve as a betterhedge against declines in the stock marketas yields rise.</p><p><blockquote>当然，策略师和投资者表示，收益率的上升可能需要在不同市场分配现金的基金经理的决策方式发生一些变化。对冲基金D.E肖最近发现，随着收益率上升，长期债券应该可以更好地对冲股市下跌。</blockquote></p><p>So bonds will likely become marginally more attractive in coming months. But it isn’t clear that such a shift will be enough to undermine stocks, especially as long-term bond returns are most at risk from rising yields. So while Treasuries could provide a better alternative to stocks some day, that process could take longer than investors might think.</p><p><blockquote>因此，未来几个月债券可能会变得更具吸引力。但目前尚不清楚这种转变是否足以削弱股市，特别是在长期债券回报因收益率上升而面临的风险最大的情况下。因此，尽管美国国债有一天可能会提供比股票更好的替代品，但这一过程可能需要比投资者想象的更长的时间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-30-year-treasury-just-hit-2-when-will-they-start-hurting-the-stock-market-51612804834?mod=hp_LEAD_1_B_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/the-30-year-treasury-just-hit-2-when-will-they-start-hurting-the-stock-market-51612804834?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114166601","content_text":"After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first time since Covid-19 hit. That has investors asking when the broader trend of rising bond yields will hurt the stock market.The central concern is that once Treasury yields climb high enough investors will want to buy safe bonds instead of stocks or high-yield debt. But it isn’t clear when that will occur, and the 30-year bond carries extra risk of losses as yields keep rising. When it comes to the 10-year note, a more popular benchmark,Wall Street consensus is hard to find: Strategists’ forecasts say 10-year Treasury yields may need to rise only to 1.75%, or as high as 5%, to make them more attractive than those riskier alternatives.Yields on long-term Treasuries have been rising steadily since late August, and more quickly since Nov. 9, whenPfizerand BioNTech announced an effective Covid-19 vaccine. The 30-year yield was hovering near 2% Monday after breaching that level in morning trading—up from 1.6% before the vaccine. The benchmark 10-year yield has climbed as well, rising to 1.2% Monday from 0.8% before the vaccine.Long-term yields had retreated from their morning highs by Monday afternoon amid concerns about Covid-19 vaccine distribution and the pace of global economic reopening, with the 10-year yield off one basis points (hundredth of a percentage point) and the 30-year yield down three basis points.But the expectation remains for yields to keep climbing over coming weeks and months. And a key question is how high yields need to be to dent stock-market returns. Several Wall Street strategists have tackled that puzzle in recent notes.Almost 70% of S&P 500 companies pay a higher yield than the 10-year note, wrote a team led by equity strategist Savita Subramanianin a recent note. That proportion would fall to 40% if companies keep their payouts at current levels and the Treasury yield rises to 1.75% by the end of this year, they found.That could start undermining the attractiveness of stocks as an income play; today the overall dividend yield on the S&P 500 is 1.5%, higher than the 10-year Treasury payout. That has helped offset concerns about valuations that are higher than historical averages.Yet the picture looks far better for stocks from a total-return perspective. The implied long-term return of the S&P 500 is around 3%, the bank’s equity strategists wrote.Wall Street strategists don’t expect the 10-year note to be able to challenge that return soon. In a January outlook piece,Bank of America’sinterest-rate strategists predicted that 3% will be the benchmark yield’s peak during this expansion, implying yields won’t reach those levels until the Fed starts raising interest rates. And according to some of the bank’s valuation models, all else equal, stocks will look cheap compared to Treasuries until yields rise to 5%.More important, a 3% return from the S&P 500 will still outpace akey market gauge of inflation expectations over the next decade. That indicator, called the break-even inflation rate, has been driven higher by improving growth expectations as the U.S. recovers from the Covid-19 crisis. On Monday it hit 2.2%, the highest level since 2014.The 10-year Treasury yield, in contrast, remains below market inflation forecasts over that period, and is expected to stay that way through the end of this year at least. Even higher inflation-adjusted yields may not hurt stocks, wrote Credit Suisse strategist Jonathan Golub in a Feb. 8 note, as the boost stocks get from stronger economic growth should outweigh the bond market’s relative improvement in yield.In another positive for stocks, rising yields aren’t negatively affecting large-cap U.S. companies’ balance sheets. The effective yield on the ICE BofA Corporate Index, a gauge of current borrowing costs for high-rated companies, remains at just 1.9% for a maturity of nearly 12 years. And last year’s record-setting flood of fixed-rate borrowing means that companies won’t need to refinance their debt for years.There is one way that rising rates are negatively affecting at least some stocks:  Investors are less willing to wait for profit growth,Goldman Sachsstrategists wrote in a Feb. 7 note. Stocks that are sensitive to economic growth and “value” stocks that underperformed during the pandemic have outperformed since the 10-year yield climbed above 1%, they found, because investors are discounting future cash flows at a higher rate. The Russell 2000 Value ETF (IWN) has climbed 14% so far this year.Goldman strategists wrote that a quick jump in Treasury yields would be dangerous for the stock market as a whole. But the bank estimated that real damage would require yields to rise 36 basis points in the span of a month. That looks unlikely, considering the fact that it took yields about three months to climb that far during the latest attention-grabbing move higher.Of course, the rise in yields will likely require some changes in the way that money managers who allocate cash across different markets make their decisions, strategists and investors say. Hedge fund D.E. Shaw recently found that long-term bonds should serve as a betterhedge against declines in the stock marketas yields rise.So bonds will likely become marginally more attractive in coming months. But it isn’t clear that such a shift will be enough to undermine stocks, especially as long-term bond returns are most at risk from rising yields. So while Treasuries could provide a better alternative to stocks some day, that process could take longer than investors might think.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383912605,"gmtCreate":1612829172907,"gmtModify":1703765530377,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554814183854049","authorIdStr":"3554814183854049"},"themes":[],"htmlText":"其实有卖方就有买方。谁是那个买方就没披露。。。谁想接这个烂摊子。。。就等后续了🐯🐯🐯","listText":"其实有卖方就有买方。谁是那个买方就没披露。。。谁想接这个烂摊子。。。就等后续了🐯🐯🐯","text":"其实有卖方就有买方。谁是那个买方就没披露。。。谁想接这个烂摊子。。。就等后续了🐯🐯🐯","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/383912605","repostId":"2109031187","repostType":2,"repost":{"id":"2109031187","kind":"news","pubTimestamp":1612797231,"share":"https://www.laohu8.com/m/news/2109031187?lang=zh_CN&edition=full","pubTime":"2021-02-08 23:13","market":"hk","language":"zh","title":"AMC院线跌幅扩大至超12%，AMC在上周五向美国SEC提交的文件中披露，...","url":"https://stock-news.laohu8.com/highlight/detail?id=2109031187","media":"新浪财经","summary":"AMC院线跌幅扩大至超12%，AMC在上周五向美国SEC提交的文件中披露，其大股东万达集团进行了一次股份转换，可能为出售股份。","content":"<html><body><a href=\"https://laohu8.com/S/AMC\">AMC院线</a>跌幅扩大至超12%，AMC在上周五向美国SEC提交的文件中披露，其大股东万达集团进行了一次股份转换，可能为出售股份。</body></html>","source":"sina_symbol","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>AMC院线跌幅扩大至超12%，AMC在上周五向美国SEC提交的文件中披露，...</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC院线跌幅扩大至超12%，AMC在上周五向美国SEC提交的文件中披露，...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 23:13 北京时间&nbsp;&nbsp;&nbsp;<a href=https://cj.sina.cn/article/norm_detail?url=https://finance.sina.com.cn/7x24/2021-02-08/doc-ikftssap4878943.shtml><strong>新浪财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC院线跌幅扩大至超12%，AMC在上周五向美国SEC提交的文件中披露，其大股东万达集团进行了一次股份转换，可能为出售股份。</p>\n\n<a href=\"https://cj.sina.cn/article/norm_detail?url=https://finance.sina.com.cn/7x24/2021-02-08/doc-ikftssap4878943.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/60ffa9c348f2ccdef831ec338d80994f","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://cj.sina.cn/article/norm_detail?url=https://finance.sina.com.cn/7x24/2021-02-08/doc-ikftssap4878943.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2109031187","content_text":"AMC院线跌幅扩大至超12%，AMC在上周五向美国SEC提交的文件中披露，其大股东万达集团进行了一次股份转换，可能为出售股份。","news_type":1,"symbols_score_info":{"AMC":1}},"isVote":1,"tweetType":1,"viewCount":684,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":389709695,"gmtCreate":1612796936617,"gmtModify":1703765218594,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554814183854049","authorIdStr":"3554814183854049"},"themes":[],"htmlText":"大象与灰鼠 你知道他的弱点。你就是胜利者🤔","listText":"大象与灰鼠 你知道他的弱点。你就是胜利者🤔","text":"大象与灰鼠 你知道他的弱点。你就是胜利者🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389709695","repostId":"1112716556","repostType":4,"isVote":1,"tweetType":1,"viewCount":1612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":389184397,"gmtCreate":1612734785719,"gmtModify":1703764449867,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554814183854049","authorIdStr":"3554814183854049"},"themes":[],"htmlText":"Will change the whole world like the iphone","listText":"Will change the whole world like the iphone","text":"Will change the whole world like the 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href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>paper gain but no real profit","text":"$BlackBerry(BB)$paper gain but no real profit","images":[{"img":"https://static.tigerbbs.com/5d59aceeaba5ab3401f3c7ec954e64f1","width":"1125","height":"1332"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/380403943","isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":873434157,"gmtCreate":1636973934056,"gmtModify":1636973934208,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3554814183854049","idStr":"3554814183854049"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PYPL\">$PayPal(PYPL)$</a>Up up up","listText":"<a href=\"https://laohu8.com/S/PYPL\">$PayPal(PYPL)$</a>Up up up","text":"$PayPal(PYPL)$Up up up","images":[{"img":"https://static.tigerbbs.com/4095d30fbd30a9595c0788a9351ad51a","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873434157","isVote":1,"tweetType":1,"viewCount":1958,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":341808687,"gmtCreate":1617799815549,"gmtModify":1634296451983,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3554814183854049","idStr":"3554814183854049"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>Buy n hold.....😁","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>Buy n hold.....😁","text":"$BlackBerry(BB)$Buy n hold.....😁","images":[{"img":"https://static.tigerbbs.com/9a07f965f72a1720a8e265a21fe7b145","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/341808687","isVote":1,"tweetType":1,"viewCount":1523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":383827827,"gmtCreate":1612866285769,"gmtModify":1703765999288,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3554814183854049","idStr":"3554814183854049"},"themes":[],"htmlText":"Will affected the stock markets when rates go upalso the funds will sell off stock during that time&nbsp;","listText":"Will affected the stock markets when rates go upalso the funds will sell off stock during that time&nbsp;","text":"Will affected the stock markets when rates go upalso the funds will sell off stock during that time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/383827827","repostId":"1114166601","repostType":4,"repost":{"id":"1114166601","kind":"news","pubTimestamp":1612866163,"share":"https://www.laohu8.com/m/news/1114166601?lang=zh_CN&edition=full","pubTime":"2021-02-09 18:22","market":"us","language":"en","title":"The 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?<blockquote>30年期国债收益率达到2%。收益率什么时候会开始损害股市？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114166601","media":"Barrons","summary":"After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first t","content":"<p>After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first time since Covid-19 hit. That has investors asking when the broader trend of rising bond yields will hurt the stock market.</p><p><blockquote>在长期国债收益率长期走高后，30年期国债收益率自Covid-19爆发以来首次攀升至2%以上。这让投资者询问债券收益率上升的更广泛趋势何时会损害股市。</blockquote></p><p>The central concern is that&nbsp;once Treasury yields climb high enough&nbsp;investors will want to buy safe bonds instead of stocks or high-yield debt. But it isn’t clear when that will occur, and the 30-year bond carries&nbsp;extra risk of losses as yields keep rising. When it comes to the 10-year note, a more popular benchmark<b>,</b>Wall Street consensus is hard to find:&nbsp;Strategists’ forecasts say 10-year Treasury yields may need to rise only to 1.75%, or as high as 5%, to make them more attractive than those riskier alternatives.</p><p><blockquote>最核心的担忧是，一旦美国国债收益率攀升到足够高的水平，投资者将希望购买安全债券，而不是股票或高收益债券。但目前尚不清楚这种情况何时会发生，而且随着收益率不断上升，30年期债券面临额外的损失风险。说到10年期国债，一个更受欢迎的基准<b>,</b>华尔街的共识很难找到：策略师的预测称，10年期国债收益率可能只需升至1.75%，或高达5%，就能使其比那些风险更高的替代品更具吸引力。</blockquote></p><p>Yields on long-term Treasuries have been rising steadily since late August, and more quickly since Nov. 9, whenPfizerand BioNTech announced an effective Covid-19 vaccine. The 30-year yield was hovering near 2% Monday after breaching that level in morning trading—up from 1.6% before the vaccine. The benchmark 10-year yield has climbed as well, rising to 1.2% Monday from 0.8% before the vaccine.</p><p><blockquote>自8月下旬以来，长期国债收益率一直在稳步上升，自11月9日辉瑞和BioNTech宣布推出有效的Covid-19疫苗以来，这种上升速度更快。30年期国债收益率在早盘突破该水平后，周一徘徊在2%附近，高于疫苗接种前的1.6%。基准10年期国债收益率也有所攀升，从疫苗接种前的0.8%升至周一的1.2%。</blockquote></p><p>Long-term yields had retreated from their morning highs by Monday afternoon amid concerns about Covid-19 vaccine distribution and the pace of global economic reopening, with the 10-year yield off one basis points (hundredth of a percentage point) and the 30-year yield down three basis points.</p><p><blockquote>由于对Covid-19疫苗分发和全球经济重新开放步伐的担忧，长期收益率到周一下午已从上午高点回落，10年期国债收益率下跌1个基点（百分之一个百分点），30年期国债收益率下跌3个基点。</blockquote></p><p>But the expectation remains for yields to keep climbing over coming weeks and months. And a key question is how high yields need to be to dent stock-market returns. Several Wall Street strategists have tackled that puzzle in recent notes.</p><p><blockquote>但预计未来几周和几个月收益率将继续攀升。一个关键问题是，收益率需要多高才能削弱股市回报。几位华尔街策略师在最近的报告中解决了这个难题。</blockquote></p><p>Almost 70% of S&amp;P 500 companies pay a higher yield than the 10-year note, wrote a team led by equity strategist Savita Subramanianin a recent note. That proportion would fall to 40% if companies keep their payouts at current levels and the Treasury yield rises to 1.75% by the end of this year, they found.</p><p><blockquote>股票策略师Savita Subramanian领导的团队在最近的一份报告中写道，近70%的标普500公司支付的收益率高于10年期国债。他们发现，如果企业将派息保持在当前水平，并且国债收益率到今年年底升至1.75%，这一比例将降至40%。</blockquote></p><p>That could start undermining the attractiveness of stocks as an income play; today the overall dividend yield on the S&amp;P 500 is 1.5%, higher than the 10-year Treasury payout. That has helped offset concerns about valuations that are higher than historical averages.</p><p><blockquote>这可能会开始削弱股票作为收入游戏的吸引力；如今，标普500的整体股息收益率为1.5%，高于10年期国债派息。这有助于抵消对估值高于历史平均水平的担忧。</blockquote></p><p>Yet the picture looks far better for stocks from a total-return perspective. The implied long-term return of the S&amp;P 500 is around 3%, the bank’s equity strategists wrote.</p><p><blockquote>然而，从总回报的角度来看，股票的情况要好得多。该银行的股票策略师写道，标普500的隐含长期回报率约为3%。</blockquote></p><p>Wall Street strategists don’t expect the 10-year note to be able to challenge that return soon. In a January outlook piece,Bank of America’sinterest-rate strategists predicted that 3% will be the benchmark yield’s peak during this expansion, implying yields won’t reach those levels until the Fed starts raising interest rates. And according to some of the bank’s valuation models, all else equal, stocks will look cheap compared to Treasuries until yields rise to 5%.</p><p><blockquote>华尔街策略师预计10年期国债不会很快挑战这一回报率。美国银行利率策略师在1月份的展望文章中预测，3%将是此次扩张期间基准收益率的峰值，这意味着在美联储开始加息之前收益率不会达到这些水平。根据该银行的一些估值模型，在其他条件相同的情况下，在收益率升至5%之前，与国债相比，股票看起来会很便宜。</blockquote></p><p>More important, a 3% return from the S&amp;P 500 will still outpace akey market gauge of inflation expectations over the next decade. That indicator, called the break-even inflation rate, has been driven higher by improving growth expectations as the U.S. recovers from the Covid-19 crisis. On Monday it hit 2.2%, the highest level since 2014.</p><p><blockquote>更重要的是，标普500 3%的回报率仍将超过未来十年通胀预期的关键市场指标。随着美国从Covid-19危机中复苏，增长预期改善，该指标被称为盈亏平衡通胀率，该指标已被推高。周一触及2.2%，为2014年以来的最高水平。</blockquote></p><p>The 10-year Treasury yield, in contrast, remains below market inflation forecasts over that period, and is expected to stay that way through the end of this year at least. Even higher inflation-adjusted yields may not hurt stocks, wrote Credit Suisse strategist Jonathan Golub in a Feb. 8 note, as the boost stocks get from stronger economic growth should outweigh the bond market’s relative improvement in yield.</p><p><blockquote>相比之下，10年期国债收益率仍低于同期市场通胀预期，预计至少到今年年底仍将保持这种状态。瑞士信贷策略师Jonathan Golub在2月8日的一份报告中写道，即使通胀调整后的收益率上升也可能不会损害股市，因为经济增长强劲对股市的提振应该会超过债券市场收益率的相对改善。</blockquote></p><p>In another positive for stocks, rising yields aren’t negatively affecting large-cap U.S. companies’ balance sheets. The effective yield on the ICE BofA Corporate Index, a gauge of current borrowing costs for high-rated companies, remains at just 1.9% for a maturity of nearly 12 years. And last year’s record-setting flood of fixed-rate borrowing means that companies won’t need to refinance their debt for years.</p><p><blockquote>股市的另一个积极因素是，收益率上升并未对美国大型公司的资产负债表产生负面影响。ICE美国银行企业指数（衡量高评级公司当前借贷成本的指标）的有效收益率在近12年的期限内仍仅为1.9%。去年创纪录的固定利率借款洪流意味着企业多年来不需要为债务再融资。</blockquote></p><p>There is one way that rising rates are negatively affecting at least some stocks:&nbsp; Investors are less willing to wait for profit growth,Goldman Sachsstrategists wrote in a Feb. 7 note. Stocks that are sensitive to economic growth and “value” stocks that underperformed during the pandemic have outperformed since the 10-year yield climbed above 1%, they found, because investors are discounting future cash flows at a higher rate. The Russell 2000 Value ETF (IWN) has climbed 14% so far this year.</p><p><blockquote>高盛策略师在2月7日的一份报告中写道，利率上升至少会对某些股票产生负面影响：投资者不太愿意等待利润增长。他们发现，自10年期国债收益率攀升至1%以上以来，对经济增长敏感的股票和在疫情期间表现不佳的“价值”股票表现优于大盘，因为投资者正在以更高的利率贴现未来现金流。Russell 2000 Value ETF(IWN)今年迄今已上涨14%。</blockquote></p><p></p><p>Goldman strategists wrote that a quick jump in Treasury yields would be dangerous for the stock market as a whole. But the bank estimated that real damage would require yields to rise 36 basis points in the span of a month. That looks unlikely, considering the fact that it took yields about three months to climb that far during the latest attention-grabbing move higher.</p><p><blockquote>高盛策略师写道，美国国债收益率的快速跃升对整个股市来说将是危险的。但该行估计，真正的损害需要收益率在一个月内上升36个基点。考虑到在最近一次引人注目的走高过程中，收益率花了大约三个月的时间才攀升到如此程度，这看起来不太可能。</blockquote></p><p>Of course, the rise in yields will likely require some changes in the way that money managers who allocate cash across different markets make their decisions, strategists and investors say. Hedge fund D.E. Shaw recently found that long-term bonds should serve as a betterhedge against declines in the stock marketas yields rise.</p><p><blockquote>当然，策略师和投资者表示，收益率的上升可能需要在不同市场分配现金的基金经理的决策方式发生一些变化。对冲基金D.E肖最近发现，随着收益率上升，长期债券应该可以更好地对冲股市下跌。</blockquote></p><p>So bonds will likely become marginally more attractive in coming months. But it isn’t clear that such a shift will be enough to undermine stocks, especially as long-term bond returns are most at risk from rising yields. So while Treasuries could provide a better alternative to stocks some day, that process could take longer than investors might think.</p><p><blockquote>因此，未来几个月债券可能会变得更具吸引力。但目前尚不清楚这种转变是否足以削弱股市，特别是在长期债券回报因收益率上升而面临的风险最大的情况下。因此，尽管美国国债有一天可能会提供比股票更好的替代品，但这一过程可能需要比投资者想象的更长的时间。</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>The 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?<blockquote>30年期国债收益率达到2%。收益率什么时候会开始损害股市？</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 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?<blockquote>30年期国债收益率达到2%。收益率什么时候会开始损害股市？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-09 18:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first time since Covid-19 hit. That has investors asking when the broader trend of rising bond yields will hurt the stock market.</p><p><blockquote>在长期国债收益率长期走高后，30年期国债收益率自Covid-19爆发以来首次攀升至2%以上。这让投资者询问债券收益率上升的更广泛趋势何时会损害股市。</blockquote></p><p>The central concern is that&nbsp;once Treasury yields climb high enough&nbsp;investors will want to buy safe bonds instead of stocks or high-yield debt. But it isn’t clear when that will occur, and the 30-year bond carries&nbsp;extra risk of losses as yields keep rising. When it comes to the 10-year note, a more popular benchmark<b>,</b>Wall Street consensus is hard to find:&nbsp;Strategists’ forecasts say 10-year Treasury yields may need to rise only to 1.75%, or as high as 5%, to make them more attractive than those riskier alternatives.</p><p><blockquote>最核心的担忧是，一旦美国国债收益率攀升到足够高的水平，投资者将希望购买安全债券，而不是股票或高收益债券。但目前尚不清楚这种情况何时会发生，而且随着收益率不断上升，30年期债券面临额外的损失风险。说到10年期国债，一个更受欢迎的基准<b>,</b>华尔街的共识很难找到：策略师的预测称，10年期国债收益率可能只需升至1.75%，或高达5%，就能使其比那些风险更高的替代品更具吸引力。</blockquote></p><p>Yields on long-term Treasuries have been rising steadily since late August, and more quickly since Nov. 9, whenPfizerand BioNTech announced an effective Covid-19 vaccine. The 30-year yield was hovering near 2% Monday after breaching that level in morning trading—up from 1.6% before the vaccine. The benchmark 10-year yield has climbed as well, rising to 1.2% Monday from 0.8% before the vaccine.</p><p><blockquote>自8月下旬以来，长期国债收益率一直在稳步上升，自11月9日辉瑞和BioNTech宣布推出有效的Covid-19疫苗以来，这种上升速度更快。30年期国债收益率在早盘突破该水平后，周一徘徊在2%附近，高于疫苗接种前的1.6%。基准10年期国债收益率也有所攀升，从疫苗接种前的0.8%升至周一的1.2%。</blockquote></p><p>Long-term yields had retreated from their morning highs by Monday afternoon amid concerns about Covid-19 vaccine distribution and the pace of global economic reopening, with the 10-year yield off one basis points (hundredth of a percentage point) and the 30-year yield down three basis points.</p><p><blockquote>由于对Covid-19疫苗分发和全球经济重新开放步伐的担忧，长期收益率到周一下午已从上午高点回落，10年期国债收益率下跌1个基点（百分之一个百分点），30年期国债收益率下跌3个基点。</blockquote></p><p>But the expectation remains for yields to keep climbing over coming weeks and months. And a key question is how high yields need to be to dent stock-market returns. Several Wall Street strategists have tackled that puzzle in recent notes.</p><p><blockquote>但预计未来几周和几个月收益率将继续攀升。一个关键问题是，收益率需要多高才能削弱股市回报。几位华尔街策略师在最近的报告中解决了这个难题。</blockquote></p><p>Almost 70% of S&amp;P 500 companies pay a higher yield than the 10-year note, wrote a team led by equity strategist Savita Subramanianin a recent note. That proportion would fall to 40% if companies keep their payouts at current levels and the Treasury yield rises to 1.75% by the end of this year, they found.</p><p><blockquote>股票策略师Savita Subramanian领导的团队在最近的一份报告中写道，近70%的标普500公司支付的收益率高于10年期国债。他们发现，如果企业将派息保持在当前水平，并且国债收益率到今年年底升至1.75%，这一比例将降至40%。</blockquote></p><p>That could start undermining the attractiveness of stocks as an income play; today the overall dividend yield on the S&amp;P 500 is 1.5%, higher than the 10-year Treasury payout. That has helped offset concerns about valuations that are higher than historical averages.</p><p><blockquote>这可能会开始削弱股票作为收入游戏的吸引力；如今，标普500的整体股息收益率为1.5%，高于10年期国债派息。这有助于抵消对估值高于历史平均水平的担忧。</blockquote></p><p>Yet the picture looks far better for stocks from a total-return perspective. The implied long-term return of the S&amp;P 500 is around 3%, the bank’s equity strategists wrote.</p><p><blockquote>然而，从总回报的角度来看，股票的情况要好得多。该银行的股票策略师写道，标普500的隐含长期回报率约为3%。</blockquote></p><p>Wall Street strategists don’t expect the 10-year note to be able to challenge that return soon. In a January outlook piece,Bank of America’sinterest-rate strategists predicted that 3% will be the benchmark yield’s peak during this expansion, implying yields won’t reach those levels until the Fed starts raising interest rates. And according to some of the bank’s valuation models, all else equal, stocks will look cheap compared to Treasuries until yields rise to 5%.</p><p><blockquote>华尔街策略师预计10年期国债不会很快挑战这一回报率。美国银行利率策略师在1月份的展望文章中预测，3%将是此次扩张期间基准收益率的峰值，这意味着在美联储开始加息之前收益率不会达到这些水平。根据该银行的一些估值模型，在其他条件相同的情况下，在收益率升至5%之前，与国债相比，股票看起来会很便宜。</blockquote></p><p>More important, a 3% return from the S&amp;P 500 will still outpace akey market gauge of inflation expectations over the next decade. That indicator, called the break-even inflation rate, has been driven higher by improving growth expectations as the U.S. recovers from the Covid-19 crisis. On Monday it hit 2.2%, the highest level since 2014.</p><p><blockquote>更重要的是，标普500 3%的回报率仍将超过未来十年通胀预期的关键市场指标。随着美国从Covid-19危机中复苏，增长预期改善，该指标被称为盈亏平衡通胀率，该指标已被推高。周一触及2.2%，为2014年以来的最高水平。</blockquote></p><p>The 10-year Treasury yield, in contrast, remains below market inflation forecasts over that period, and is expected to stay that way through the end of this year at least. Even higher inflation-adjusted yields may not hurt stocks, wrote Credit Suisse strategist Jonathan Golub in a Feb. 8 note, as the boost stocks get from stronger economic growth should outweigh the bond market’s relative improvement in yield.</p><p><blockquote>相比之下，10年期国债收益率仍低于同期市场通胀预期，预计至少到今年年底仍将保持这种状态。瑞士信贷策略师Jonathan Golub在2月8日的一份报告中写道，即使通胀调整后的收益率上升也可能不会损害股市，因为经济增长强劲对股市的提振应该会超过债券市场收益率的相对改善。</blockquote></p><p>In another positive for stocks, rising yields aren’t negatively affecting large-cap U.S. companies’ balance sheets. The effective yield on the ICE BofA Corporate Index, a gauge of current borrowing costs for high-rated companies, remains at just 1.9% for a maturity of nearly 12 years. And last year’s record-setting flood of fixed-rate borrowing means that companies won’t need to refinance their debt for years.</p><p><blockquote>股市的另一个积极因素是，收益率上升并未对美国大型公司的资产负债表产生负面影响。ICE美国银行企业指数（衡量高评级公司当前借贷成本的指标）的有效收益率在近12年的期限内仍仅为1.9%。去年创纪录的固定利率借款洪流意味着企业多年来不需要为债务再融资。</blockquote></p><p>There is one way that rising rates are negatively affecting at least some stocks:&nbsp; Investors are less willing to wait for profit growth,Goldman Sachsstrategists wrote in a Feb. 7 note. Stocks that are sensitive to economic growth and “value” stocks that underperformed during the pandemic have outperformed since the 10-year yield climbed above 1%, they found, because investors are discounting future cash flows at a higher rate. The Russell 2000 Value ETF (IWN) has climbed 14% so far this year.</p><p><blockquote>高盛策略师在2月7日的一份报告中写道，利率上升至少会对某些股票产生负面影响：投资者不太愿意等待利润增长。他们发现，自10年期国债收益率攀升至1%以上以来，对经济增长敏感的股票和在疫情期间表现不佳的“价值”股票表现优于大盘，因为投资者正在以更高的利率贴现未来现金流。Russell 2000 Value ETF(IWN)今年迄今已上涨14%。</blockquote></p><p></p><p>Goldman strategists wrote that a quick jump in Treasury yields would be dangerous for the stock market as a whole. But the bank estimated that real damage would require yields to rise 36 basis points in the span of a month. That looks unlikely, considering the fact that it took yields about three months to climb that far during the latest attention-grabbing move higher.</p><p><blockquote>高盛策略师写道，美国国债收益率的快速跃升对整个股市来说将是危险的。但该行估计，真正的损害需要收益率在一个月内上升36个基点。考虑到在最近一次引人注目的走高过程中，收益率花了大约三个月的时间才攀升到如此程度，这看起来不太可能。</blockquote></p><p>Of course, the rise in yields will likely require some changes in the way that money managers who allocate cash across different markets make their decisions, strategists and investors say. Hedge fund D.E. Shaw recently found that long-term bonds should serve as a betterhedge against declines in the stock marketas yields rise.</p><p><blockquote>当然，策略师和投资者表示，收益率的上升可能需要在不同市场分配现金的基金经理的决策方式发生一些变化。对冲基金D.E肖最近发现，随着收益率上升，长期债券应该可以更好地对冲股市下跌。</blockquote></p><p>So bonds will likely become marginally more attractive in coming months. But it isn’t clear that such a shift will be enough to undermine stocks, especially as long-term bond returns are most at risk from rising yields. So while Treasuries could provide a better alternative to stocks some day, that process could take longer than investors might think.</p><p><blockquote>因此，未来几个月债券可能会变得更具吸引力。但目前尚不清楚这种转变是否足以削弱股市，特别是在长期债券回报因收益率上升而面临的风险最大的情况下。因此，尽管美国国债有一天可能会提供比股票更好的替代品，但这一过程可能需要比投资者想象的更长的时间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-30-year-treasury-just-hit-2-when-will-they-start-hurting-the-stock-market-51612804834?mod=hp_LEAD_1_B_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/the-30-year-treasury-just-hit-2-when-will-they-start-hurting-the-stock-market-51612804834?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114166601","content_text":"After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first time since Covid-19 hit. That has investors asking when the broader trend of rising bond yields will hurt the stock market.The central concern is that once Treasury yields climb high enough investors will want to buy safe bonds instead of stocks or high-yield debt. But it isn’t clear when that will occur, and the 30-year bond carries extra risk of losses as yields keep rising. When it comes to the 10-year note, a more popular benchmark,Wall Street consensus is hard to find: Strategists’ forecasts say 10-year Treasury yields may need to rise only to 1.75%, or as high as 5%, to make them more attractive than those riskier alternatives.Yields on long-term Treasuries have been rising steadily since late August, and more quickly since Nov. 9, whenPfizerand BioNTech announced an effective Covid-19 vaccine. The 30-year yield was hovering near 2% Monday after breaching that level in morning trading—up from 1.6% before the vaccine. The benchmark 10-year yield has climbed as well, rising to 1.2% Monday from 0.8% before the vaccine.Long-term yields had retreated from their morning highs by Monday afternoon amid concerns about Covid-19 vaccine distribution and the pace of global economic reopening, with the 10-year yield off one basis points (hundredth of a percentage point) and the 30-year yield down three basis points.But the expectation remains for yields to keep climbing over coming weeks and months. And a key question is how high yields need to be to dent stock-market returns. Several Wall Street strategists have tackled that puzzle in recent notes.Almost 70% of S&P 500 companies pay a higher yield than the 10-year note, wrote a team led by equity strategist Savita Subramanianin a recent note. That proportion would fall to 40% if companies keep their payouts at current levels and the Treasury yield rises to 1.75% by the end of this year, they found.That could start undermining the attractiveness of stocks as an income play; today the overall dividend yield on the S&P 500 is 1.5%, higher than the 10-year Treasury payout. That has helped offset concerns about valuations that are higher than historical averages.Yet the picture looks far better for stocks from a total-return perspective. The implied long-term return of the S&P 500 is around 3%, the bank’s equity strategists wrote.Wall Street strategists don’t expect the 10-year note to be able to challenge that return soon. In a January outlook piece,Bank of America’sinterest-rate strategists predicted that 3% will be the benchmark yield’s peak during this expansion, implying yields won’t reach those levels until the Fed starts raising interest rates. And according to some of the bank’s valuation models, all else equal, stocks will look cheap compared to Treasuries until yields rise to 5%.More important, a 3% return from the S&P 500 will still outpace akey market gauge of inflation expectations over the next decade. That indicator, called the break-even inflation rate, has been driven higher by improving growth expectations as the U.S. recovers from the Covid-19 crisis. On Monday it hit 2.2%, the highest level since 2014.The 10-year Treasury yield, in contrast, remains below market inflation forecasts over that period, and is expected to stay that way through the end of this year at least. Even higher inflation-adjusted yields may not hurt stocks, wrote Credit Suisse strategist Jonathan Golub in a Feb. 8 note, as the boost stocks get from stronger economic growth should outweigh the bond market’s relative improvement in yield.In another positive for stocks, rising yields aren’t negatively affecting large-cap U.S. companies’ balance sheets. The effective yield on the ICE BofA Corporate Index, a gauge of current borrowing costs for high-rated companies, remains at just 1.9% for a maturity of nearly 12 years. And last year’s record-setting flood of fixed-rate borrowing means that companies won’t need to refinance their debt for years.There is one way that rising rates are negatively affecting at least some stocks:  Investors are less willing to wait for profit growth,Goldman Sachsstrategists wrote in a Feb. 7 note. Stocks that are sensitive to economic growth and “value” stocks that underperformed during the pandemic have outperformed since the 10-year yield climbed above 1%, they found, because investors are discounting future cash flows at a higher rate. The Russell 2000 Value ETF (IWN) has climbed 14% so far this year.Goldman strategists wrote that a quick jump in Treasury yields would be dangerous for the stock market as a whole. But the bank estimated that real damage would require yields to rise 36 basis points in the span of a month. That looks unlikely, considering the fact that it took yields about three months to climb that far during the latest attention-grabbing move higher.Of course, the rise in yields will likely require some changes in the way that money managers who allocate cash across different markets make their decisions, strategists and investors say. Hedge fund D.E. Shaw recently found that long-term bonds should serve as a betterhedge against declines in the stock marketas yields rise.So bonds will likely become marginally more attractive in coming months. But it isn’t clear that such a shift will be enough to undermine stocks, especially as long-term bond returns are most at risk from rising yields. So while Treasuries could provide a better alternative to stocks some day, that process could take longer than investors might think.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389709695,"gmtCreate":1612796936617,"gmtModify":1703765218594,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3554814183854049","idStr":"3554814183854049"},"themes":[],"htmlText":"大象与灰鼠 你知道他的弱点。你就是胜利者🤔","listText":"大象与灰鼠 你知道他的弱点。你就是胜利者🤔","text":"大象与灰鼠 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hope","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/306978973","repostId":"2079224796","repostType":4,"isVote":1,"tweetType":1,"viewCount":457,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3527667803686145","idStr":"3527667803686145"},"content":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引","text":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引","html":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":879778441,"gmtCreate":1636782013299,"gmtModify":1636782013299,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3554814183854049","idStr":"3554814183854049"},"themes":[],"htmlText":"<a 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favoured","images":[{"img":"https://static.tigerbbs.com/9db59c52758e650f987e8e04862b62e8","width":"1242","height":"2448"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878955034","isVote":1,"tweetType":1,"viewCount":1446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":377493599,"gmtCreate":1619542391711,"gmtModify":1634211916831,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3554814183854049","idStr":"3554814183854049"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>Q there and suddenly fill&nbsp;","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>Q there and suddenly fill&nbsp;","text":"$BlackBerry(BB)$Q there and suddenly fill","images":[{"img":"https://static.tigerbbs.com/2a9f4652a2a1c48383d9cfe27e124c25","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/377493599","isVote":1,"tweetType":1,"viewCount":1394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":356222171,"gmtCreate":1616780762693,"gmtModify":1634524015357,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3554814183854049","idStr":"3554814183854049"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>Buy at Low .....🤭....???","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>Buy at Low .....🤭....???","text":"$BlackBerry(BB)$Buy at Low .....🤭....???","images":[{"img":"https://static.tigerbbs.com/40e41d2da37701fd0590d18301242b69","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356222171","isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":389185735,"gmtCreate":1612734674327,"gmtModify":1703764449522,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3554814183854049","idStr":"3554814183854049"},"themes":[],"htmlText":"Better for the future if the COVID 19 will gone n businesses will improve","listText":"Better for the future if the COVID 19 will gone n businesses will improve","text":"Better for the future if the COVID 19 will gone n businesses 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improve","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/389185735","repostId":"2109727286","repostType":4,"isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":316161967,"gmtCreate":1611922251959,"gmtModify":1703756296949,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3554814183854049","idStr":"3554814183854049"},"themes":[],"htmlText":"小鱼仔与大鲨鱼的世纪之战。。。😁😁😁😁","listText":"小鱼仔与大鲨鱼的世纪之战。。。😁😁😁😁","text":"小鱼仔与大鲨鱼的世纪之战。。。😁😁😁😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/316161967","repostId":"1118653988","repostType":4,"repost":{"id":"1118653988","kind":"news","pubTimestamp":1611907973,"share":"https://www.laohu8.com/m/news/1118653988?lang=zh_CN&edition=full","pubTime":"2021-01-29 16:12","market":"sg","language":"en","title":"After plunge, GameStop and AMC remain Reddit darlings<blockquote>暴跌后，游戏驿站和AMC仍然是Reddit的宠儿</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118653988","media":"Reuters","summary":"(Reuters) - GameStop and AMC Entertainment Holdings remained overwhelmingly favored stocks on Reddit","content":"<p>(Reuters) - GameStop and AMC Entertainment Holdings remained overwhelmingly favored stocks on Reddit’s top trading forum on Thursday, even as they and other companies at the core of a retail trader frenzy plummeted after online brokerages imposed trading restrictions.</p><p><blockquote>（路透社）-周四，游戏驿站和AMC院线控股公司在Reddit顶级交易论坛上仍然受到压倒性的青睐，尽管在在线券商实施交易限制后，它们和其他处于散户交易狂潮核心的公司暴跌。</blockquote></p><p> FILE PHOTO: A man walks past a GameStop store in Austin, TX, U.S., March 26, 2018. REUTERS/Mohammad Khursheed</p><p><blockquote>资料图片：2018年3月26日，美国德克萨斯州奥斯丁，一名男子走过一家游戏驿站商店。路透社/穆罕默德·库尔希德</blockquote></p><p> Data about posts and comments on Reddit’s Wallstreetbets, aggregated on swaggystocks.com, showed GameStop and AMC were by far the most discussed stocks on the discussion group that has fueled their recent surge, with both continuing to enjoy overwhelming positive sentiment.</p><p><blockquote>swaggystocks.com汇总的Reddit WallStreetBets上的帖子和评论数据显示，游戏驿站和AMC是迄今为止讨论组中讨论最多的股票，这推动了它们最近的飙升，两者都继续享有压倒性的积极情绪。</blockquote></p><p> Swaggystocks.com was created by Reddit member swaggymedia, whose posts sharing data about Wallstreetbets sentiment have won thousands of “upvotes” from readers. Swaggystocks did not immediately respond to an email asking for his identity but gave permission for his content to be reproduced.</p><p><blockquote>Swaggystocks.com是由Reddit成员swaggymedia创建的，其分享有关Wallstreetbets情绪数据的帖子赢得了数千名读者的“点赞”。Swaggystocks没有立即回复询问他身份的电子邮件，但允许复制他的内容。</blockquote></p><p> For a graphic on Wallstreetbets ticker sentiment:</p><p><blockquote>有关Wallstreetbets股票情绪的图表：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a44da0c979cb6119dbc462a5a36ebb6\" tg-width=\"1127\" tg-height=\"633\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> GameStop and AMC Entertainment Holdings slumped on Thursday after Robinhood Markets Inc and Interactive Brokers restricted trading in several social-media darling stocks that had soared this week, with trading platform Robinhood later saying it would remove some restrictions on Friday.</p><p><blockquote>在Robinhood Markets Inc和盈透证券限制了本周飙升的几只社交媒体宠儿股票的交易后，游戏驿站和AMC院线控股周四暴跌，交易平台Robinhood后来表示将在周五取消一些限制。</blockquote></p><p> ADVERTISEMENT</p><p><blockquote>广告</blockquote></p><p> GameStop dropped 44%, but the stock remains up almost 900% since Jan. 12. AMC’s 57% drop reduced its gain since Jan. 21 to around 190%. Also falling heavily were Blackberry, Koss and Express, which Robinhood also restricted trading in.</p><p><blockquote>游戏驿站股价下跌44%，但该股自1月12日以来仍上涨近900%。AMC自1月21日以来下跌了57%，使其涨幅降至190%左右。同样大幅下跌的还有黑莓、Koss和Express，Robinhood也限制了这些公司的交易。</blockquote></p><p> Wallstreetbets has ballooned in recent days to 4.8 million members. Many of those people have piled into stock heavily bet against by professional short sellers, overwhelming the professionals and forcing them over the past week to abandon their positions with heavy losses.</p><p><blockquote>最近几天，Wallstreetbets的会员数量激增至480万。这些人中的许多人大量买入了专业卖空者大量做空的股票，这让专业人士不知所措，并迫使他们在过去一周因损失惨重而放弃头寸。</blockquote></p><p> AMC, GameStop, Nokia and Blackberry are currently the most discussed stocks on Wallstreetbets, eclipsing Tesla, which has long dominated chatter amongst its members. AMC and GameStop account for over 25% of recent comments on Wallstreetbets, with Nokia accounting for over 20%.</p><p><blockquote>AMC、游戏驿站、诺基亚和黑莓目前是Wallstreetbets上讨论最多的股票，超过了长期以来在其会员中占据主导地位的特斯拉。AMC和游戏驿站占Wallstreetbets最近评论的25%以上，诺基亚占20%以上。</blockquote></p><p> Discussion of GameStop has receded over the past week as a proportion of overall comments, although the sentiment of comments about the company remains overwhelmingly positive. Swaggystocks calculates sentiment by analyzing individual words used in posts and comments.</p><p><blockquote>过去一周，对游戏驿站的讨论在整体评论中所占的比例有所下降，尽管对该公司的评论情绪仍然绝大多数是积极的。Swaggystocks通过分析帖子和评论中使用的单个单词来计算情绪。</blockquote></p><p> For a graphic on Gamestop ticker sentiment:</p><p><blockquote>有关游戏驿站股票情绪的图表：</blockquote></p><p> ADVERTISEMENT</p><p><blockquote>广告</blockquote></p><p> <img src=\"https://static.tigerbbs.com/48de9fd8f03152c126a0d511dabb9689\" tg-width=\"1128\" tg-height=\"648\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Along with its stock price, AMC’s prominence on Wallstreetbets has skyrocketed this week to match GameStop’s, after accounting for less than 1% of all comments on Monday. Sentiment in AMC is close to entirely positive on Wallstreetbets, according to Swaggystocks.com.</p><p><blockquote>除了股价之外，AMC在Wallstreetbets上的知名度本周也飙升，与游戏驿站不相上下，周一仅占所有评论的不到1%。据Swaggystocks.com称，AMC对Wallstreetbets的情绪几乎完全乐观。</blockquote></p><p> For a graphic on AMC ticker sentiment:</p><p><blockquote>有关AMC股票情绪的图表：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a1a46cd1fdf34a3c435928e4a2609fd\" tg-width=\"1122\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Data analytics firm Palantir Technologies, which in early January accounted for as much as 16% of comments on Wallstreetbets, has seen its prominence in the group fall to under 1%, even as its stock this week hit a record high.</p><p><blockquote>数据分析公司Palantir Technologies在1月初占Wallstreetbets评论的16%，尽管其股价本周创下历史新高，但其在该集团中的地位已降至1%以下。</blockquote></p><p> Tesla, which has long been a popular stock on Wallstreetbets and a major target of short sellers, currently accounts for less than 1% of comments in the discussion group, down from over 30% in the first week of January. Tesla’s stock is roughly unchanged over that time period after reporting disappointing quarterly results on Wednesday.</p><p><blockquote>特斯拉长期以来一直是Wallstreetbets上的热门股票，也是卖空者的主要目标，目前在讨论组中的评论比例不到1%，低于1月第一周的30%以上。在周三公布令人失望的季度业绩后，特斯拉的股价在此期间大致没有变化。</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>After plunge, GameStop and AMC remain Reddit darlings<blockquote>暴跌后，游戏驿站和AMC仍然是Reddit的宠儿</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\">\nAfter plunge, GameStop and AMC remain Reddit darlings<blockquote>暴跌后，游戏驿站和AMC仍然是Reddit的宠儿</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-01-29 16:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - GameStop and AMC Entertainment Holdings remained overwhelmingly favored stocks on Reddit’s top trading forum on Thursday, even as they and other companies at the core of a retail trader frenzy plummeted after online brokerages imposed trading restrictions.</p><p><blockquote>（路透社）-周四，游戏驿站和AMC院线控股公司在Reddit顶级交易论坛上仍然受到压倒性的青睐，尽管在在线券商实施交易限制后，它们和其他处于散户交易狂潮核心的公司暴跌。</blockquote></p><p> FILE PHOTO: A man walks past a GameStop store in Austin, TX, U.S., March 26, 2018. REUTERS/Mohammad Khursheed</p><p><blockquote>资料图片：2018年3月26日，美国德克萨斯州奥斯丁，一名男子走过一家游戏驿站商店。路透社/穆罕默德·库尔希德</blockquote></p><p> Data about posts and comments on Reddit’s Wallstreetbets, aggregated on swaggystocks.com, showed GameStop and AMC were by far the most discussed stocks on the discussion group that has fueled their recent surge, with both continuing to enjoy overwhelming positive sentiment.</p><p><blockquote>swaggystocks.com汇总的Reddit WallStreetBets上的帖子和评论数据显示，游戏驿站和AMC是迄今为止讨论组中讨论最多的股票，这推动了它们最近的飙升，两者都继续享有压倒性的积极情绪。</blockquote></p><p> Swaggystocks.com was created by Reddit member swaggymedia, whose posts sharing data about Wallstreetbets sentiment have won thousands of “upvotes” from readers. Swaggystocks did not immediately respond to an email asking for his identity but gave permission for his content to be reproduced.</p><p><blockquote>Swaggystocks.com是由Reddit成员swaggymedia创建的，其分享有关Wallstreetbets情绪数据的帖子赢得了数千名读者的“点赞”。Swaggystocks没有立即回复询问他身份的电子邮件，但允许复制他的内容。</blockquote></p><p> For a graphic on Wallstreetbets ticker sentiment:</p><p><blockquote>有关Wallstreetbets股票情绪的图表：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a44da0c979cb6119dbc462a5a36ebb6\" tg-width=\"1127\" tg-height=\"633\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> GameStop and AMC Entertainment Holdings slumped on Thursday after Robinhood Markets Inc and Interactive Brokers restricted trading in several social-media darling stocks that had soared this week, with trading platform Robinhood later saying it would remove some restrictions on Friday.</p><p><blockquote>在Robinhood Markets Inc和盈透证券限制了本周飙升的几只社交媒体宠儿股票的交易后，游戏驿站和AMC院线控股周四暴跌，交易平台Robinhood后来表示将在周五取消一些限制。</blockquote></p><p> ADVERTISEMENT</p><p><blockquote>广告</blockquote></p><p> GameStop dropped 44%, but the stock remains up almost 900% since Jan. 12. AMC’s 57% drop reduced its gain since Jan. 21 to around 190%. Also falling heavily were Blackberry, Koss and Express, which Robinhood also restricted trading in.</p><p><blockquote>游戏驿站股价下跌44%，但该股自1月12日以来仍上涨近900%。AMC自1月21日以来下跌了57%，使其涨幅降至190%左右。同样大幅下跌的还有黑莓、Koss和Express，Robinhood也限制了这些公司的交易。</blockquote></p><p> Wallstreetbets has ballooned in recent days to 4.8 million members. Many of those people have piled into stock heavily bet against by professional short sellers, overwhelming the professionals and forcing them over the past week to abandon their positions with heavy losses.</p><p><blockquote>最近几天，Wallstreetbets的会员数量激增至480万。这些人中的许多人大量买入了专业卖空者大量做空的股票，这让专业人士不知所措，并迫使他们在过去一周因损失惨重而放弃头寸。</blockquote></p><p> AMC, GameStop, Nokia and Blackberry are currently the most discussed stocks on Wallstreetbets, eclipsing Tesla, which has long dominated chatter amongst its members. AMC and GameStop account for over 25% of recent comments on Wallstreetbets, with Nokia accounting for over 20%.</p><p><blockquote>AMC、游戏驿站、诺基亚和黑莓目前是Wallstreetbets上讨论最多的股票，超过了长期以来在其会员中占据主导地位的特斯拉。AMC和游戏驿站占Wallstreetbets最近评论的25%以上，诺基亚占20%以上。</blockquote></p><p> Discussion of GameStop has receded over the past week as a proportion of overall comments, although the sentiment of comments about the company remains overwhelmingly positive. Swaggystocks calculates sentiment by analyzing individual words used in posts and comments.</p><p><blockquote>过去一周，对游戏驿站的讨论在整体评论中所占的比例有所下降，尽管对该公司的评论情绪仍然绝大多数是积极的。Swaggystocks通过分析帖子和评论中使用的单个单词来计算情绪。</blockquote></p><p> For a graphic on Gamestop ticker sentiment:</p><p><blockquote>有关游戏驿站股票情绪的图表：</blockquote></p><p> ADVERTISEMENT</p><p><blockquote>广告</blockquote></p><p> <img src=\"https://static.tigerbbs.com/48de9fd8f03152c126a0d511dabb9689\" tg-width=\"1128\" tg-height=\"648\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Along with its stock price, AMC’s prominence on Wallstreetbets has skyrocketed this week to match GameStop’s, after accounting for less than 1% of all comments on Monday. Sentiment in AMC is close to entirely positive on Wallstreetbets, according to Swaggystocks.com.</p><p><blockquote>除了股价之外，AMC在Wallstreetbets上的知名度本周也飙升，与游戏驿站不相上下，周一仅占所有评论的不到1%。据Swaggystocks.com称，AMC对Wallstreetbets的情绪几乎完全乐观。</blockquote></p><p> For a graphic on AMC ticker sentiment:</p><p><blockquote>有关AMC股票情绪的图表：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6a1a46cd1fdf34a3c435928e4a2609fd\" tg-width=\"1122\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Data analytics firm Palantir Technologies, which in early January accounted for as much as 16% of comments on Wallstreetbets, has seen its prominence in the group fall to under 1%, even as its stock this week hit a record high.</p><p><blockquote>数据分析公司Palantir Technologies在1月初占Wallstreetbets评论的16%，尽管其股价本周创下历史新高，但其在该集团中的地位已降至1%以下。</blockquote></p><p> Tesla, which has long been a popular stock on Wallstreetbets and a major target of short sellers, currently accounts for less than 1% of comments in the discussion group, down from over 30% in the first week of January. Tesla’s stock is roughly unchanged over that time period after reporting disappointing quarterly results on Wednesday.</p><p><blockquote>特斯拉长期以来一直是Wallstreetbets上的热门股票，也是卖空者的主要目标，目前在讨论组中的评论比例不到1%，低于1月第一周的30%以上。在周三公布令人失望的季度业绩后，特斯拉的股价在此期间大致没有变化。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/us-retail-trading-reddit-data/after-plunge-gamestop-and-amc-remain-reddit-darlings-idUSKBN29Y0HR?il=0\">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":{},"source_url":"https://www.reuters.com/article/us-retail-trading-reddit-data/after-plunge-gamestop-and-amc-remain-reddit-darlings-idUSKBN29Y0HR?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118653988","content_text":"(Reuters) - GameStop and AMC Entertainment Holdings remained overwhelmingly favored stocks on Reddit’s top trading forum on Thursday, even as they and other companies at the core of a retail trader frenzy plummeted after online brokerages imposed trading restrictions.\nFILE PHOTO: A man walks past a GameStop store in Austin, TX, U.S., March 26, 2018. REUTERS/Mohammad Khursheed\nData about posts and comments on Reddit’s Wallstreetbets, aggregated on swaggystocks.com, showed GameStop and AMC were by far the most discussed stocks on the discussion group that has fueled their recent surge, with both continuing to enjoy overwhelming positive sentiment.\nSwaggystocks.com was created by Reddit member swaggymedia, whose posts sharing data about Wallstreetbets sentiment have won thousands of “upvotes” from readers. Swaggystocks did not immediately respond to an email asking for his identity but gave permission for his content to be reproduced.\nFor a graphic on Wallstreetbets ticker sentiment:\n\nGameStop and AMC Entertainment Holdings slumped on Thursday after Robinhood Markets Inc and Interactive Brokers restricted trading in several social-media darling stocks that had soared this week, with trading platform Robinhood later saying it would remove some restrictions on Friday.\nADVERTISEMENT\nGameStop dropped 44%, but the stock remains up almost 900% since Jan. 12. AMC’s 57% drop reduced its gain since Jan. 21 to around 190%. Also falling heavily were Blackberry, Koss and Express, which Robinhood also restricted trading in.\nWallstreetbets has ballooned in recent days to 4.8 million members. Many of those people have piled into stock heavily bet against by professional short sellers, overwhelming the professionals and forcing them over the past week to abandon their positions with heavy losses.\nAMC, GameStop, Nokia and Blackberry are currently the most discussed stocks on Wallstreetbets, eclipsing Tesla, which has long dominated chatter amongst its members. AMC and GameStop account for over 25% of recent comments on Wallstreetbets, with Nokia accounting for over 20%.\nDiscussion of GameStop has receded over the past week as a proportion of overall comments, although the sentiment of comments about the company remains overwhelmingly positive. Swaggystocks calculates sentiment by analyzing individual words used in posts and comments.\nFor a graphic on Gamestop ticker sentiment:\nADVERTISEMENT\n\nAlong with its stock price, AMC’s prominence on Wallstreetbets has skyrocketed this week to match GameStop’s, after accounting for less than 1% of all comments on Monday. Sentiment in AMC is close to entirely positive on Wallstreetbets, according to Swaggystocks.com.\nFor a graphic on AMC ticker sentiment:\n\nData analytics firm Palantir Technologies, which in early January accounted for as much as 16% of comments on Wallstreetbets, has seen its prominence in the group fall to under 1%, even as its stock this week hit a record high.\nTesla, which has long been a popular stock on Wallstreetbets and a major target of short sellers, currently accounts for less than 1% of comments in the discussion group, down from over 30% in the first week of January. Tesla’s stock is roughly unchanged over that time period after reporting disappointing quarterly results on Wednesday.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":311,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":313528049,"gmtCreate":1611740155381,"gmtModify":1703752814541,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3554814183854049","idStr":"3554814183854049"},"themes":[],"htmlText":"Can’t imagine the future will be ...should&nbsp;take people&nbsp;to the outspace in the 30 years...?","listText":"Can’t imagine the future will be ...should&nbsp;take people&nbsp;to the outspace in the 30 years...?","text":"Can’t imagine the future will be ...should take people to the outspace in the 30 years...?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/313528049","repostId":"1125767984","repostType":4,"repost":{"id":"1125767984","kind":"news","pubTimestamp":1611737376,"share":"https://www.laohu8.com/m/news/1125767984?lang=zh_CN&edition=full","pubTime":"2021-01-27 16:49","market":"us","language":"en","title":"What Might The New ARK Space Exploration ETF Look Like?<blockquote>新的方舟太空探索ETF会是什么样子？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125767984","media":"The street","summary":"The ARK Space Exploration ETF (ARKX) is on the way. Here's a guess at which stocks might be included","content":"<p>The ARK Space Exploration ETF (ARKX) is on the way. Here's a guess at which stocks might be included.</p><p><blockquote>方舟太空探索ETF（ARKX）即将推出。以下是对可能包含哪些股票的猜测。</blockquote></p><p>In case you missed it, ARK recently made a hugeannouncementthat it plans on launching the<b>ARK Space Exploration ETF (ARKX)</b>at some point in the near future. It will be the 8th fund in the ARK lineup and certainly fits in with the company's overall theme of identifying next-gen disruptive innovation.</p><p><blockquote>如果您错过了，ARK最近发布了一项重大公告，计划推出<b>方舟太空探索ETF(ARKX)</b>在不久的将来的某个时候。这将是ARK系列中的第八只基金，当然符合该公司识别下一代颠覆性创新的总体主题。</blockquote></p><p>Like most of the largest ARK ETFs, ARKX will be actively-managed. When a new passively-managed ETF launches, we can often look at its underlying index right away to see what the portfolio looks like and how it has performed in the past. With ARKX being actively-managed, however, we're kind of flying blind until the fund actually launches and ARK posts the fund holdings list for the first time.</p><p><blockquote>与大多数最大的ARK ETF一样，ARKX将受到主动管理。当新的被动管理ETF推出时，我们通常可以立即查看其基础指数，了解投资组合的外观以及过去的表现。然而，由于ARKX是主动管理的，我们有点盲目飞行，直到该基金真正推出并且ARK首次公布基金持有名单。</blockquote></p><p>Still, that doesn't prevent us from trying to forecast what stocks might show up in the fund.</p><p><blockquote>尽管如此，这并不妨碍我们尝试预测哪些股票可能出现在基金中。</blockquote></p><p>There are already two ETFs in existence that focus on space exploration - the<b>Procure Space ETF (UFO)</b>and the&nbsp;<b>SPDR S&amp;P Kensho Final Frontiers ETF (ROKT)</b>. Despite the similarity in their target strategies, the two funds have less than a 20% overlap in assets. That means their management styles and how they go about selecting components for the fund are probably pretty different. But, we can take a look at their portfolio composition to help guide us as well.</p><p><blockquote>已经有两只专注于太空探索的ETF——<b>采购太空ETF(UFO)</b>和<b>SPDR S&amp;P Kensho最终前沿ETF(ROKT)</b>尽管两只基金的目标策略相似，但资产重叠度不到20%。这意味着他们的管理风格以及为基金选择成分的方式可能非常不同。但是，我们也可以看看他们的投资组合构成来帮助指导我们。</blockquote></p><p>We might get a better idea, though, from looking inward at the composition of existing ARK ETFs. This not gives us insight into some of the company's existing high conviction ideas, but the target strategies are probably similar enough that we'll see some crossover in the portfolios. This could especially be the case with the<b>ARK Autonomous Technology &amp; Robotics ETF (ARKQ)</b>, which already lists space exploration as one of its target niches.</p><p><blockquote>不过，通过向内观察现有ARK ETF的构成，我们可能会得到更好的想法。这并没有让我们深入了解该公司现有的一些高信念想法，但目标策略可能足够相似，我们会在投资组合中看到一些交叉。尤其是在<b>方舟自主技术与机器人ETF(ARKQ)</b>，该公司已经将太空探索列为其目标利基之一。</blockquote></p><p>Keep in mind that what I'm doing here is pure speculation. I have no inside information as to what ARKX will look like. I'm simply trying to follow the trail of clues to give us an idea of what the portfolio MIGHT end up looking like.</p><p><blockquote>请记住，我在这里所做的纯粹是猜测。我没有关于ARKX会是什么样子的内幕消息。我只是想追踪线索，让我们了解投资组合最终可能会是什么样子。</blockquote></p><p>The No Brainers<img src=\"https://static.tigerbbs.com/5cc90d448e786dfa90b4a664ae95690e\" tg-width=\"1200\" tg-height=\"509\" referrerpolicy=\"no-referrer\"></p><p><blockquote>不用动脑筋的人</blockquote></p><p>Tesla</p><p><blockquote>特斯拉</blockquote></p><p>This seems like perhaps the most obvious choice of all. ARK CIO Cathie Wood is perhaps the biggest<b>Tesla (TSLA)</b>bull out there and three ARK ETFs have 10%+ allocations to Tesla stock already. We know that ARK isn't afraid to take huge positions in this company already.</p><p><blockquote>这似乎是最明显的选择。ARK首席信息官Cathie Wood可能是最大的<b>特斯拉(TSLA)</b>bull out there和三只ARK ETF已经对特斯拉股票进行了10%以上的配置。我们知道ARK并不害怕在这家公司占据重要地位。</blockquote></p><p>Yes, Tesla is primarily an automaker, but the company's connection to SpaceX makes it a natural fit for ARKX. I think there's a good chance this could ultimately be the fund's top holding.</p><p><blockquote>是的，特斯拉主要是一家汽车制造商，但该公司与SpaceX的联系使其自然适合ARKX。我认为这很有可能最终成为该基金的最大持股。</blockquote></p><p><img src=\"https://static.tigerbbs.com/bdb1d68d9fe78e392dd18fe7a6553428\" tg-width=\"1200\" tg-height=\"490\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Virgin Galactic</p><p><blockquote>维珍银河</blockquote></p><p>Richard Branson's company, which seeks to offer suborbital space flights to consumers, seems like another easy choice for this fund.<b>Virgin Galactic (SPCE)</b>has been around since 2004, but has relatively little to show over the past decade and a half. In late 2018, the company was successful in putting pilots into a suborbital space flight and returning them back to earth, but it's probably safe to say that SpaceX is in the lead having already landed a contract with NASA.</p><p><blockquote>理查德·布兰森的公司寻求向消费者提供亚轨道太空飞行，似乎是该基金的另一个简单选择。<b>维珍银河(SPCE)</b>自2004年以来一直存在，但在过去的15年里相对没有什么可展示的。2018年底，该公司成功将飞行员送入亚轨道太空飞行并将他们送回地球，但可以肯定地说，SpaceX已经与NASA签订了合同，处于领先地位。</blockquote></p><p>Still, the company's space development and name recognition make it an obvious inclusion. SPCE is already a top 20 holding in ARKQ.</p><p><blockquote>尽管如此，该公司的空间开发和知名度使其成为一个明显的包容性。SPCE已经是ARKQ的前20名持股。</blockquote></p><p>The Likely Candidates<img src=\"https://static.tigerbbs.com/490c0f7ea94f6691756f236306005ea5\" tg-width=\"1200\" tg-height=\"412\" referrerpolicy=\"no-referrer\"></p><p><blockquote>可能的候选人</blockquote></p><p>Maxar Technologies</p><p><blockquote>Maxar技术公司</blockquote></p><p><b>Maxar Technologies (MAXR)</b>describes itself as \"serving commercial and government missions with trusted Earth intelligence and space infrastructure\". It develops satellite and spacecraft systems, robotics, connectivity solutions, space-based communications and platforms. Basically everything someone might need to get up into space. MAXR also has a contract with NASA to develop propulsion systems for the Lunar Gateway project.</p><p><blockquote><b>Maxar Technologies(MAXR)</b>将自己描述为“用可信的地球情报和空间基础设施为商业和政府任务服务”。它开发卫星和航天器系统、机器人、连接解决方案、天基通信和平台。基本上是一个人进入太空可能需要的一切。MAXR还与NASA签订了为月球门户项目开发推进系统的合同。</blockquote></p><p>MAXR also happens to be the #1 holding right now in both UFO and ROKT. ARK doesn't own MAXR in its funds currently, but it would undeniably be a perfect fit for a space exploration ETF.</p><p><blockquote>MAXR也恰好是目前UFO和ROKT的头号控股公司。ARK目前的基金中并未持有MAXR，但不可否认的是，它非常适合太空探索ETF。</blockquote></p><p><img src=\"https://static.tigerbbs.com/5fb6136b0b6621fe1aad74fbea6d7dba\" tg-width=\"1200\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Iridium Communications</p><p><blockquote>铱星通信</blockquote></p><p><b>Iridium Communications (IRDM)</b>specializes in satellite communications and worldwide voice &amp; data solutions. Iridium has ties to SpaceX having used the company's Falcon 9 rockets to launch dozens of its satellites into space. In 2019, IRDM won a new contract by the Defense Information Systems Agency (DISA) to continue supporting the U.S. Department of Defense Enhanced Mobile Satellite Service (EMSS) gateway.&nbsp;The contract is valued at $54 million over 4.5 years.</p><p><blockquote><b>铱星通信(IRDM)</b>专注于卫星通信和全球语音和数据解决方案。铱星公司与SpaceX有联系，曾使用该公司的猎鹰9号火箭向太空发射数十颗卫星。2019年，IRDM赢得了国防信息系统局（DISA）的一份新合同，继续支持美国。国防部增强型移动卫星服务（EMSS）网关。该合同价值5400万美元，为期4.5年。</blockquote></p><p></p><p>IRDM is already a minor holding in the ARK Innovation ETF (ARKK), but accounts for around 3% of ARKQ. It's also the 2nd largest holding in UFO at more than 6% of assets.</p><p><blockquote>IRDM已经是ARK Innovation ETF(ARKK)的少量持股，但约占ARKQ的3%。它也是UFO的第二大持股，占资产的6%以上。</blockquote></p><p><img src=\"https://static.tigerbbs.com/aa0d2bb9c6874118f82a798f432605be\" tg-width=\"1200\" tg-height=\"416\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Aerojet Rocketdyne Holdings</p><p><blockquote>Aerojet火箭达因控股公司</blockquote></p><p>Any company that has been producing rockets and thrusters for space missions over the past several decades is a pretty obvious candidate for a space ETF.<b>Aerojet Rocketdyne Holdings (AJRD)</b>has been doing just that and it was actually the company's rockets that landed the Curiosity spacecraft on the surface of Mars.</p><p><blockquote>任何在过去几十年里一直在为太空任务生产火箭和推进器的公司显然都是太空ETF的候选者。<b>Aerojet Rocketdyne控股公司(AJRD)</b>一直在这样做，实际上是该公司的火箭将好奇号宇宙飞船降落在火星表面。</blockquote></p><p>AJRD appears in both UFO and ROKT, but in very different quantities. It accounts for just 0.2% of UFO, but 5.5% of ROKT.</p><p><blockquote>AJRD出现在UFO和ROKT中，但数量非常不同。它只占UFO的0.2%，但占ROKT的5.5%。</blockquote></p><p>The Possibilities</p><p><blockquote>可能性</blockquote></p><p>A lot of companies in the aerospace &amp; defense sector could show up in ARKX.<b>Teledyne Technologies (TDY)</b>could very well be included as could<b>HEICO Corporation (HEI)</b>.</p><p><blockquote>航空航天和国防领域的许多公司可能会出现在ARKX上。<b>Teledyne Technologies(TDY)</b>很可能被包括在内<b>HEICO公司(HEI)</b>.</blockquote></p><p>Other names that come to mind that could make the cut are communications specialists&nbsp;<b>Gilat Satellite Networks (GILT)</b>and<b>Loral Space &amp; Communications (LORL)</b>.</p><p><blockquote>我想到的其他可能入选的名字是通信专家<b>吉拉特卫星网络(GILT)</b>和<b>劳拉空间与通信(LORL)</b>.</blockquote></p><p>Best of the Rest</p><p><blockquote>其余的最好的</blockquote></p><p>It's hard to get a sense of what ARK will consider exposure to the space exploration industry. Certain ETFs want a company whose sole focus in on a particular theme, while others will include any company that has even ancillary exposure (think Scotts Miracle-Gro being included in the Marijuana ETF (MJ)).</p><p><blockquote>很难知道方舟会考虑如何涉足太空探索行业。某些ETF想要一家只专注于特定主题的公司，而其他ETF则会包括任何甚至有辅助敞口的公司（想想Scotts Miracle-Gro被纳入大麻ETF(MJ)）。</blockquote></p><p>I'm guessing Cathie Wood will take the former approach. That means big industrial names, such as<b>Lockheed Martin (LMT)</b>,<b>Northrop Grunman (NOC)</b>,<b>Boeing (BA)</b>and<b>Raytheon (RTX)</b>may not show up or be included only in limited quantities.</p><p><blockquote>我猜凯西·伍德会采取前一种方法。这意味着大型工业企业，例如<b>洛克希德·马丁公司</b>,<b>诺斯罗普·格鲁曼公司</b>,<b>波音(BA)</b>和<b>雷神公司(RTX)</b>可能不会出现或仅包含有限数量。</blockquote></p><p>I would expect ARKX would ultimately be heavy in tech and communication services names with a possible overweight to industrials depending on how ARK wants to approach portfolio construction.</p><p><blockquote>我预计ARKX最终将专注于科技和通信服务公司，并可能对工业公司产生跑赢大盘，具体取决于ARK希望如何构建投资组合。</blockquote></p><p></p>","source":"lsy1610613172068","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>What Might The New ARK Space Exploration ETF Look Like?<blockquote>新的方舟太空探索ETF会是什么样子？</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\">\nWhat Might The New ARK Space Exploration ETF Look Like?<blockquote>新的方舟太空探索ETF会是什么样子？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The street</strong><span class=\"h-time small\">2021-01-27 16:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The ARK Space Exploration ETF (ARKX) is on the way. Here's a guess at which stocks might be included.</p><p><blockquote>方舟太空探索ETF（ARKX）即将推出。以下是对可能包含哪些股票的猜测。</blockquote></p><p>In case you missed it, ARK recently made a hugeannouncementthat it plans on launching the<b>ARK Space Exploration ETF (ARKX)</b>at some point in the near future. It will be the 8th fund in the ARK lineup and certainly fits in with the company's overall theme of identifying next-gen disruptive innovation.</p><p><blockquote>如果您错过了，ARK最近发布了一项重大公告，计划推出<b>方舟太空探索ETF(ARKX)</b>在不久的将来的某个时候。这将是ARK系列中的第八只基金，当然符合该公司识别下一代颠覆性创新的总体主题。</blockquote></p><p>Like most of the largest ARK ETFs, ARKX will be actively-managed. When a new passively-managed ETF launches, we can often look at its underlying index right away to see what the portfolio looks like and how it has performed in the past. With ARKX being actively-managed, however, we're kind of flying blind until the fund actually launches and ARK posts the fund holdings list for the first time.</p><p><blockquote>与大多数最大的ARK ETF一样，ARKX将受到主动管理。当新的被动管理ETF推出时，我们通常可以立即查看其基础指数，了解投资组合的外观以及过去的表现。然而，由于ARKX是主动管理的，我们有点盲目飞行，直到该基金真正推出并且ARK首次公布基金持有名单。</blockquote></p><p>Still, that doesn't prevent us from trying to forecast what stocks might show up in the fund.</p><p><blockquote>尽管如此，这并不妨碍我们尝试预测哪些股票可能出现在基金中。</blockquote></p><p>There are already two ETFs in existence that focus on space exploration - the<b>Procure Space ETF (UFO)</b>and the&nbsp;<b>SPDR S&amp;P Kensho Final Frontiers ETF (ROKT)</b>. Despite the similarity in their target strategies, the two funds have less than a 20% overlap in assets. That means their management styles and how they go about selecting components for the fund are probably pretty different. But, we can take a look at their portfolio composition to help guide us as well.</p><p><blockquote>已经有两只专注于太空探索的ETF——<b>采购太空ETF(UFO)</b>和<b>SPDR S&amp;P Kensho最终前沿ETF(ROKT)</b>尽管两只基金的目标策略相似，但资产重叠度不到20%。这意味着他们的管理风格以及为基金选择成分的方式可能非常不同。但是，我们也可以看看他们的投资组合构成来帮助指导我们。</blockquote></p><p>We might get a better idea, though, from looking inward at the composition of existing ARK ETFs. This not gives us insight into some of the company's existing high conviction ideas, but the target strategies are probably similar enough that we'll see some crossover in the portfolios. This could especially be the case with the<b>ARK Autonomous Technology &amp; Robotics ETF (ARKQ)</b>, which already lists space exploration as one of its target niches.</p><p><blockquote>不过，通过向内观察现有ARK ETF的构成，我们可能会得到更好的想法。这并没有让我们深入了解该公司现有的一些高信念想法，但目标策略可能足够相似，我们会在投资组合中看到一些交叉。尤其是在<b>方舟自主技术与机器人ETF(ARKQ)</b>，该公司已经将太空探索列为其目标利基之一。</blockquote></p><p>Keep in mind that what I'm doing here is pure speculation. I have no inside information as to what ARKX will look like. I'm simply trying to follow the trail of clues to give us an idea of what the portfolio MIGHT end up looking like.</p><p><blockquote>请记住，我在这里所做的纯粹是猜测。我没有关于ARKX会是什么样子的内幕消息。我只是想追踪线索，让我们了解投资组合最终可能会是什么样子。</blockquote></p><p>The No Brainers<img src=\"https://static.tigerbbs.com/5cc90d448e786dfa90b4a664ae95690e\" tg-width=\"1200\" tg-height=\"509\" referrerpolicy=\"no-referrer\"></p><p><blockquote>不用动脑筋的人</blockquote></p><p>Tesla</p><p><blockquote>特斯拉</blockquote></p><p>This seems like perhaps the most obvious choice of all. ARK CIO Cathie Wood is perhaps the biggest<b>Tesla (TSLA)</b>bull out there and three ARK ETFs have 10%+ allocations to Tesla stock already. We know that ARK isn't afraid to take huge positions in this company already.</p><p><blockquote>这似乎是最明显的选择。ARK首席信息官Cathie Wood可能是最大的<b>特斯拉(TSLA)</b>bull out there和三只ARK ETF已经对特斯拉股票进行了10%以上的配置。我们知道ARK并不害怕在这家公司占据重要地位。</blockquote></p><p>Yes, Tesla is primarily an automaker, but the company's connection to SpaceX makes it a natural fit for ARKX. I think there's a good chance this could ultimately be the fund's top holding.</p><p><blockquote>是的，特斯拉主要是一家汽车制造商，但该公司与SpaceX的联系使其自然适合ARKX。我认为这很有可能最终成为该基金的最大持股。</blockquote></p><p><img src=\"https://static.tigerbbs.com/bdb1d68d9fe78e392dd18fe7a6553428\" tg-width=\"1200\" tg-height=\"490\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Virgin Galactic</p><p><blockquote>维珍银河</blockquote></p><p>Richard Branson's company, which seeks to offer suborbital space flights to consumers, seems like another easy choice for this fund.<b>Virgin Galactic (SPCE)</b>has been around since 2004, but has relatively little to show over the past decade and a half. In late 2018, the company was successful in putting pilots into a suborbital space flight and returning them back to earth, but it's probably safe to say that SpaceX is in the lead having already landed a contract with NASA.</p><p><blockquote>理查德·布兰森的公司寻求向消费者提供亚轨道太空飞行，似乎是该基金的另一个简单选择。<b>维珍银河(SPCE)</b>自2004年以来一直存在，但在过去的15年里相对没有什么可展示的。2018年底，该公司成功将飞行员送入亚轨道太空飞行并将他们送回地球，但可以肯定地说，SpaceX已经与NASA签订了合同，处于领先地位。</blockquote></p><p>Still, the company's space development and name recognition make it an obvious inclusion. SPCE is already a top 20 holding in ARKQ.</p><p><blockquote>尽管如此，该公司的空间开发和知名度使其成为一个明显的包容性。SPCE已经是ARKQ的前20名持股。</blockquote></p><p>The Likely Candidates<img src=\"https://static.tigerbbs.com/490c0f7ea94f6691756f236306005ea5\" tg-width=\"1200\" tg-height=\"412\" referrerpolicy=\"no-referrer\"></p><p><blockquote>可能的候选人</blockquote></p><p>Maxar Technologies</p><p><blockquote>Maxar技术公司</blockquote></p><p><b>Maxar Technologies (MAXR)</b>describes itself as \"serving commercial and government missions with trusted Earth intelligence and space infrastructure\". It develops satellite and spacecraft systems, robotics, connectivity solutions, space-based communications and platforms. Basically everything someone might need to get up into space. MAXR also has a contract with NASA to develop propulsion systems for the Lunar Gateway project.</p><p><blockquote><b>Maxar Technologies(MAXR)</b>将自己描述为“用可信的地球情报和空间基础设施为商业和政府任务服务”。它开发卫星和航天器系统、机器人、连接解决方案、天基通信和平台。基本上是一个人进入太空可能需要的一切。MAXR还与NASA签订了为月球门户项目开发推进系统的合同。</blockquote></p><p>MAXR also happens to be the #1 holding right now in both UFO and ROKT. ARK doesn't own MAXR in its funds currently, but it would undeniably be a perfect fit for a space exploration ETF.</p><p><blockquote>MAXR也恰好是目前UFO和ROKT的头号控股公司。ARK目前的基金中并未持有MAXR，但不可否认的是，它非常适合太空探索ETF。</blockquote></p><p><img src=\"https://static.tigerbbs.com/5fb6136b0b6621fe1aad74fbea6d7dba\" tg-width=\"1200\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Iridium Communications</p><p><blockquote>铱星通信</blockquote></p><p><b>Iridium Communications (IRDM)</b>specializes in satellite communications and worldwide voice &amp; data solutions. Iridium has ties to SpaceX having used the company's Falcon 9 rockets to launch dozens of its satellites into space. In 2019, IRDM won a new contract by the Defense Information Systems Agency (DISA) to continue supporting the U.S. Department of Defense Enhanced Mobile Satellite Service (EMSS) gateway.&nbsp;The contract is valued at $54 million over 4.5 years.</p><p><blockquote><b>铱星通信(IRDM)</b>专注于卫星通信和全球语音和数据解决方案。铱星公司与SpaceX有联系，曾使用该公司的猎鹰9号火箭向太空发射数十颗卫星。2019年，IRDM赢得了国防信息系统局（DISA）的一份新合同，继续支持美国。国防部增强型移动卫星服务（EMSS）网关。该合同价值5400万美元，为期4.5年。</blockquote></p><p></p><p>IRDM is already a minor holding in the ARK Innovation ETF (ARKK), but accounts for around 3% of ARKQ. It's also the 2nd largest holding in UFO at more than 6% of assets.</p><p><blockquote>IRDM已经是ARK Innovation ETF(ARKK)的少量持股，但约占ARKQ的3%。它也是UFO的第二大持股，占资产的6%以上。</blockquote></p><p><img src=\"https://static.tigerbbs.com/aa0d2bb9c6874118f82a798f432605be\" tg-width=\"1200\" tg-height=\"416\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Aerojet Rocketdyne Holdings</p><p><blockquote>Aerojet火箭达因控股公司</blockquote></p><p>Any company that has been producing rockets and thrusters for space missions over the past several decades is a pretty obvious candidate for a space ETF.<b>Aerojet Rocketdyne Holdings (AJRD)</b>has been doing just that and it was actually the company's rockets that landed the Curiosity spacecraft on the surface of Mars.</p><p><blockquote>任何在过去几十年里一直在为太空任务生产火箭和推进器的公司显然都是太空ETF的候选者。<b>Aerojet Rocketdyne控股公司(AJRD)</b>一直在这样做，实际上是该公司的火箭将好奇号宇宙飞船降落在火星表面。</blockquote></p><p>AJRD appears in both UFO and ROKT, but in very different quantities. It accounts for just 0.2% of UFO, but 5.5% of ROKT.</p><p><blockquote>AJRD出现在UFO和ROKT中，但数量非常不同。它只占UFO的0.2%，但占ROKT的5.5%。</blockquote></p><p>The Possibilities</p><p><blockquote>可能性</blockquote></p><p>A lot of companies in the aerospace &amp; defense sector could show up in ARKX.<b>Teledyne Technologies (TDY)</b>could very well be included as could<b>HEICO Corporation (HEI)</b>.</p><p><blockquote>航空航天和国防领域的许多公司可能会出现在ARKX上。<b>Teledyne Technologies(TDY)</b>很可能被包括在内<b>HEICO公司(HEI)</b>.</blockquote></p><p>Other names that come to mind that could make the cut are communications specialists&nbsp;<b>Gilat Satellite Networks (GILT)</b>and<b>Loral Space &amp; Communications (LORL)</b>.</p><p><blockquote>我想到的其他可能入选的名字是通信专家<b>吉拉特卫星网络(GILT)</b>和<b>劳拉空间与通信(LORL)</b>.</blockquote></p><p>Best of the Rest</p><p><blockquote>其余的最好的</blockquote></p><p>It's hard to get a sense of what ARK will consider exposure to the space exploration industry. Certain ETFs want a company whose sole focus in on a particular theme, while others will include any company that has even ancillary exposure (think Scotts Miracle-Gro being included in the Marijuana ETF (MJ)).</p><p><blockquote>很难知道方舟会考虑如何涉足太空探索行业。某些ETF想要一家只专注于特定主题的公司，而其他ETF则会包括任何甚至有辅助敞口的公司（想想Scotts Miracle-Gro被纳入大麻ETF(MJ)）。</blockquote></p><p>I'm guessing Cathie Wood will take the former approach. That means big industrial names, such as<b>Lockheed Martin (LMT)</b>,<b>Northrop Grunman (NOC)</b>,<b>Boeing (BA)</b>and<b>Raytheon (RTX)</b>may not show up or be included only in limited quantities.</p><p><blockquote>我猜凯西·伍德会采取前一种方法。这意味着大型工业企业，例如<b>洛克希德·马丁公司</b>,<b>诺斯罗普·格鲁曼公司</b>,<b>波音(BA)</b>和<b>雷神公司(RTX)</b>可能不会出现或仅包含有限数量。</blockquote></p><p>I would expect ARKX would ultimately be heavy in tech and communication services names with a possible overweight to industrials depending on how ARK wants to approach portfolio construction.</p><p><blockquote>我预计ARKX最终将专注于科技和通信服务公司，并可能对工业公司产生跑赢大盘，具体取决于ARK希望如何构建投资组合。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/etffocus/market-intelligence/ark-space-exploration-etf-look-like\">The street</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":{},"source_url":"https://www.thestreet.com/etffocus/market-intelligence/ark-space-exploration-etf-look-like","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125767984","content_text":"The ARK Space Exploration ETF (ARKX) is on the way. Here's a guess at which stocks might be included.In case you missed it, ARK recently made a hugeannouncementthat it plans on launching theARK Space Exploration ETF (ARKX)at some point in the near future. It will be the 8th fund in the ARK lineup and certainly fits in with the company's overall theme of identifying next-gen disruptive innovation.Like most of the largest ARK ETFs, ARKX will be actively-managed. When a new passively-managed ETF launches, we can often look at its underlying index right away to see what the portfolio looks like and how it has performed in the past. With ARKX being actively-managed, however, we're kind of flying blind until the fund actually launches and ARK posts the fund holdings list for the first time.Still, that doesn't prevent us from trying to forecast what stocks might show up in the fund.There are already two ETFs in existence that focus on space exploration - theProcure Space ETF (UFO)and the SPDR S&P Kensho Final Frontiers ETF (ROKT). Despite the similarity in their target strategies, the two funds have less than a 20% overlap in assets. That means their management styles and how they go about selecting components for the fund are probably pretty different. But, we can take a look at their portfolio composition to help guide us as well.We might get a better idea, though, from looking inward at the composition of existing ARK ETFs. This not gives us insight into some of the company's existing high conviction ideas, but the target strategies are probably similar enough that we'll see some crossover in the portfolios. This could especially be the case with theARK Autonomous Technology & Robotics ETF (ARKQ), which already lists space exploration as one of its target niches.Keep in mind that what I'm doing here is pure speculation. I have no inside information as to what ARKX will look like. I'm simply trying to follow the trail of clues to give us an idea of what the portfolio MIGHT end up looking like.The No BrainersTeslaThis seems like perhaps the most obvious choice of all. ARK CIO Cathie Wood is perhaps the biggestTesla (TSLA)bull out there and three ARK ETFs have 10%+ allocations to Tesla stock already. We know that ARK isn't afraid to take huge positions in this company already.Yes, Tesla is primarily an automaker, but the company's connection to SpaceX makes it a natural fit for ARKX. I think there's a good chance this could ultimately be the fund's top holding.Virgin GalacticRichard Branson's company, which seeks to offer suborbital space flights to consumers, seems like another easy choice for this fund.Virgin Galactic (SPCE)has been around since 2004, but has relatively little to show over the past decade and a half. In late 2018, the company was successful in putting pilots into a suborbital space flight and returning them back to earth, but it's probably safe to say that SpaceX is in the lead having already landed a contract with NASA.Still, the company's space development and name recognition make it an obvious inclusion. SPCE is already a top 20 holding in ARKQ.The Likely CandidatesMaxar TechnologiesMaxar Technologies (MAXR)describes itself as \"serving commercial and government missions with trusted Earth intelligence and space infrastructure\". It develops satellite and spacecraft systems, robotics, connectivity solutions, space-based communications and platforms. Basically everything someone might need to get up into space. MAXR also has a contract with NASA to develop propulsion systems for the Lunar Gateway project.MAXR also happens to be the #1 holding right now in both UFO and ROKT. ARK doesn't own MAXR in its funds currently, but it would undeniably be a perfect fit for a space exploration ETF.Iridium CommunicationsIridium Communications (IRDM)specializes in satellite communications and worldwide voice & data solutions. Iridium has ties to SpaceX having used the company's Falcon 9 rockets to launch dozens of its satellites into space. In 2019, IRDM won a new contract by the Defense Information Systems Agency (DISA) to continue supporting the U.S. Department of Defense Enhanced Mobile Satellite Service (EMSS) gateway. The contract is valued at $54 million over 4.5 years.IRDM is already a minor holding in the ARK Innovation ETF (ARKK), but accounts for around 3% of ARKQ. It's also the 2nd largest holding in UFO at more than 6% of assets.Aerojet Rocketdyne HoldingsAny company that has been producing rockets and thrusters for space missions over the past several decades is a pretty obvious candidate for a space ETF.Aerojet Rocketdyne Holdings (AJRD)has been doing just that and it was actually the company's rockets that landed the Curiosity spacecraft on the surface of Mars.AJRD appears in both UFO and ROKT, but in very different quantities. It accounts for just 0.2% of UFO, but 5.5% of ROKT.The PossibilitiesA lot of companies in the aerospace & defense sector could show up in ARKX.Teledyne Technologies (TDY)could very well be included as couldHEICO Corporation (HEI).Other names that come to mind that could make the cut are communications specialists Gilat Satellite Networks (GILT)andLoral Space & Communications (LORL).Best of the RestIt's hard to get a sense of what ARK will consider exposure to the space exploration industry. Certain ETFs want a company whose sole focus in on a particular theme, while others will include any company that has even ancillary exposure (think Scotts Miracle-Gro being included in the Marijuana ETF (MJ)).I'm guessing Cathie Wood will take the former approach. That means big industrial names, such asLockheed Martin (LMT),Northrop Grunman (NOC),Boeing (BA)andRaytheon (RTX)may not show up or be included only in limited quantities.I would expect ARKX would ultimately be heavy in tech and communication services names with a possible overweight to industrials depending on how ARK wants to approach portfolio construction.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310466070,"gmtCreate":1611355182990,"gmtModify":1703750155882,"author":{"id":"3554814183854049","authorId":"3554814183854049","name":"Markchiow","avatar":"https://static.tigerbbs.com/87e215d456a56a9ae94ca1fa33af4d0d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3554814183854049","idStr":"3554814183854049"},"themes":[],"htmlText":"The more they produce they will save cost on thematerial n spare parts&nbsp;","listText":"The more they produce they will save cost on thematerial n spare parts&nbsp;","text":"The more they produce they will save cost on thematerial n spare parts","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/310466070","repostId":"1106179554","repostType":4,"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}