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TheZaiKia

TheZaiKia

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0勋章

2021-09-17

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抱歉，原内容已删除

2021-09-17

$Blue Sphere Corp.(BLSP)$Stonks only goes up

2021-09-14

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抱歉，原内容已删除

2021-09-14

$Castor Maritime, Inc.(CTRM)$Stonks only goes up?

2021-09-14

Wottt stonks?

2021-09-09

$Castor Maritime, Inc.(CTRM)$Stonks only goes up

2021-09-05

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抱歉，原内容已删除

2021-09-05

Time to run away from this stock. No point holding

2021-09-04

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抱歉，原内容已删除

2021-09-04

It’s legit going nowhere. I’m glad I ran

2021-09-04

$Blue Sphere Corp.(BLSP)$Stonks

2021-09-02

I think it’s a good time to just go away fromthis stock

2021-09-01

Just yeet away

2021-09-01

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Lucid Stock is Tanking. The Reason Has Nothing to Do With EV Manufacturing.<blockquote>Lucid股票正在下跌。原因与电动汽车制造无关。</blockquote>

2021-08-31

Just run say real :)

2021-08-31

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抱歉，原内容已删除

2021-08-30

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抱歉，原内容已删除

2021-08-30

Just run. It’s for your own good

2021-08-29

Say real just run

2021-08-28

Like!!

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Inc.(CTRM)$Stonks only goes up","images":[{"img":"https://static.tigerbbs.com/6efa3a8d4b11e95150d54fe107e9d06a","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/889157541","isVote":1,"tweetType":1,"viewCount":2868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":814102451,"gmtCreate":1630778670573,"gmtModify":1631888977248,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/814102451","repostId":"1186003479","repostType":4,"isVote":1,"tweetType":1,"viewCount":1864,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814102525,"gmtCreate":1630778658667,"gmtModify":1631888977260,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Time to run away from this stock. No point holding","listText":"Time to run away from this stock. No point holding","text":"Time to run away from this stock. No point holding","images":[{"img":"https://static.tigerbbs.com/7cad58d6f621f418372c6bf598d86503","width":"1125","height":"4033"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/814102525","isVote":1,"tweetType":1,"viewCount":2698,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":815598038,"gmtCreate":1630686241924,"gmtModify":1631888977272,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/815598038","repostId":"1189766406","repostType":4,"isVote":1,"tweetType":1,"viewCount":3162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815591717,"gmtCreate":1630686226439,"gmtModify":1631888977282,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"It’s legit going nowhere. I’m glad I ran","listText":"It’s legit going nowhere. I’m glad I ran","text":"It’s legit going nowhere. I’m glad I ran","images":[{"img":"https://static.tigerbbs.com/1c140fd8132c89b28ffdac98b81a4b12","width":"1125","height":"3748"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/815591717","isVote":1,"tweetType":1,"viewCount":1239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":815591200,"gmtCreate":1630686210700,"gmtModify":1631885373808,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BLSP\">$Blue Sphere Corp.(BLSP)$</a>Stonks","listText":"<a href=\"https://laohu8.com/S/BLSP\">$Blue Sphere Corp.(BLSP)$</a>Stonks","text":"$Blue Sphere Corp.(BLSP)$Stonks","images":[{"img":"https://static.tigerbbs.com/cde8b67052975d5a77e430ad1612afec","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/815591200","isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":812564875,"gmtCreate":1630595359097,"gmtModify":1631888977297,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"I think it’s a good time to just go away fromthis stock","listText":"I think it’s a good time to just go away fromthis stock","text":"I think it’s a good time to just go away fromthis stock","images":[{"img":"https://static.tigerbbs.com/e60b20dcfa3d8b1b89ab6341ed123a21","width":"1125","height":"3748"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/812564875","isVote":1,"tweetType":1,"viewCount":681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":816511847,"gmtCreate":1630507030889,"gmtModify":1631883982228,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Just yeet away","listText":"Just yeet away","text":"Just yeet away","images":[{"img":"https://static.tigerbbs.com/17b0e688acf0464bb592e63779035950","width":"1125","height":"3838"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/816511847","isVote":1,"tweetType":1,"viewCount":954,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":816510792,"gmtCreate":1630506969516,"gmtModify":1631888977304,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/816510792","repostId":"1166477679","repostType":4,"repost":{"id":"1166477679","kind":"news","pubTimestamp":1630506475,"share":"https://www.laohu8.com/m/news/1166477679?lang=zh_CN&edition=full","pubTime":"2021-09-01 22:27","market":"us","language":"en","title":"Lucid Stock is Tanking. The Reason Has Nothing to Do With EV Manufacturing.<blockquote>Lucid股票正在下跌。原因与电动汽车制造无关。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166477679","media":"Marketwatch","summary":"Investors in Lucid are set to have one of the difficult days that often happen among start-up electr","content":"<p>Investors in&nbsp;Lucid&nbsp;are set to have one of the difficult days that often happen among start-up electric-vehicle companies. The share were down 16% in early trading, while the&nbsp;S&amp;P 500&nbsp;was up 0.2% and the&nbsp;Dow Jones Industrial Average&nbsp;was flat..</p><p><blockquote>Lucid的投资者将经历初创电动汽车公司中经常发生的艰难日子之一。该股早盘下跌16%，而标准普尔500指数上涨0.2%，道琼斯工业平均指数持平..</blockquote></p><p> Life can be tough for investors in&nbsp;these companies.So many things can move the stock price significantly. Many of them have nothing to do with&nbsp;corporate fundamentals.</p><p><blockquote>对于这些公司的投资者来说，生活可能会很艰难。很多事情都可以显着影响股价。其中很多与企业基本面无关。</blockquote></p><p> The issue Wednesday is the expiration of a stock-selling prohibition for investors inLucid’s PIPE, or private investment in public equity. The PIPE lockup expired Wednesday.</p><p><blockquote>周三的问题是Lucid PIPE（即公共股权私人投资）投资者的股票销售禁令到期。管道锁定于周三到期。</blockquote></p><p> Lucid became a publicly traded company, and raised more than $4 billion, by merging with a special-purpose acquisition company, or SPAC. PIPEs are a common feature of SPAC mergers. The Lucid PIPE raised about $2.5 billion of the total $4.4 billion the company received.</p><p><blockquote>Lucid成为一家上市公司，并通过与一家特殊目的收购公司(SPAC)合并筹集了超过40亿美元。管道是SPAC合并的共同特征。Lucid PIPE筹集了该公司收到的44亿美元总额中的约25亿美元。</blockquote></p><p> The quality of the PIPE investors–they can be large institutions–often improves investors’ perceptions about a SPAC merger. Lucid’s PIPE investors included accounts managed by&nbsp;BlackRock(BLK), Fidelity Management &amp; Research,Franklin Templeton,Neuberger Berman, Wellington Management, and others.</p><p><blockquote>PIPE投资者的质量（他们可以是大型机构）通常会改善投资者对SPAC合并的看法。Lucid的PIPE投资者包括贝莱德(BLK)、富达管理与研究、富兰克林邓普顿、路博迈、惠灵顿管理等管理的账户。</blockquote></p><p> PIPE investors own about 10% of the stock, based on recent filings. The PIPE stock was sold at about $15 a share, so those investors are sitting on nice gains. Lucid stock was at $16.84 in early trading.</p><p><blockquote>根据最近提交的文件，PIPE投资者拥有该股约10%的股份。PIPE股票的售价约为每股15美元，因此这些投资者将获得可观的收益。Lucid股价早盘报16.84美元。</blockquote></p><p> Anytime a large block of stock becomes available to sell, shares can be weak. Investors, and traders, look to get out ahead of any selling by large shareholders. It can create a situation, where the fear of selling creates actual selling.</p><p><blockquote>每当大量股票可供出售时，股价就可能疲软。投资者和交易员希望在大股东抛售之前退出。它会造成一种情况，即对销售的恐惧会导致实际销售。</blockquote></p><p> None of the PIPE shareholders have to sell, of course. They simply can sell now. Lucid wasn’t immediately available to comment on the PIPE, investors’ plans, or the lockup expiration.</p><p><blockquote>当然，PIPE股东都不必出售。他们现在可以卖了。Lucid没有立即就PIPE、投资者的计划或禁售期到期发表评论。</blockquote></p><p> Coming into Wednesday, Lucid stock was down about 7% over the past three months. The S&amp;P has gained about 8% over the same span.</p><p><blockquote>截至周三，Lucid股价在过去三个月内下跌了约7%。同期，标准普尔指数上涨了约8%。</blockquote></p><p> Other EV stocks have been weak too. The semiconductor shortage, which is constraining global auto production, together with a downbeat forecast from&nbsp;General Motors(GM) regarding its&nbsp;second-half 2021earnings, seem to have taken some of the wind out of the sails of the sector.</p><p><blockquote>其他电动汽车股票也表现疲软。限制全球汽车生产的半导体短缺，加上通用汽车(GM)对其2021年下半年盈利的悲观预测，似乎让该行业失去了一些动力。</blockquote></p><p> Lucid plans to&nbsp;start making&nbsp;and delivering its first EV, the Lucid Air, later in 2021.</p><p><blockquote>Lucid计划于2021年晚些时候开始制造和交付其首款电动汽车Lucid Air。</blockquote></p><p></p>","source":"market_watch","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>Lucid Stock is Tanking. The Reason Has Nothing to Do With EV Manufacturing.<blockquote>Lucid股票正在下跌。原因与电动汽车制造无关。</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\">\nLucid Stock is Tanking. The Reason Has Nothing to Do With EV Manufacturing.<blockquote>Lucid股票正在下跌。原因与电动汽车制造无关。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-09-01 22:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Investors in&nbsp;Lucid&nbsp;are set to have one of the difficult days that often happen among start-up electric-vehicle companies. The share were down 16% in early trading, while the&nbsp;S&amp;P 500&nbsp;was up 0.2% and the&nbsp;Dow Jones Industrial Average&nbsp;was flat..</p><p><blockquote>Lucid的投资者将经历初创电动汽车公司中经常发生的艰难日子之一。该股早盘下跌16%，而标准普尔500指数上涨0.2%，道琼斯工业平均指数持平..</blockquote></p><p> Life can be tough for investors in&nbsp;these companies.So many things can move the stock price significantly. Many of them have nothing to do with&nbsp;corporate fundamentals.</p><p><blockquote>对于这些公司的投资者来说，生活可能会很艰难。很多事情都可以显着影响股价。其中很多与企业基本面无关。</blockquote></p><p> The issue Wednesday is the expiration of a stock-selling prohibition for investors inLucid’s PIPE, or private investment in public equity. The PIPE lockup expired Wednesday.</p><p><blockquote>周三的问题是Lucid PIPE（即公共股权私人投资）投资者的股票销售禁令到期。管道锁定于周三到期。</blockquote></p><p> Lucid became a publicly traded company, and raised more than $4 billion, by merging with a special-purpose acquisition company, or SPAC. PIPEs are a common feature of SPAC mergers. The Lucid PIPE raised about $2.5 billion of the total $4.4 billion the company received.</p><p><blockquote>Lucid成为一家上市公司，并通过与一家特殊目的收购公司(SPAC)合并筹集了超过40亿美元。管道是SPAC合并的共同特征。Lucid PIPE筹集了该公司收到的44亿美元总额中的约25亿美元。</blockquote></p><p> The quality of the PIPE investors–they can be large institutions–often improves investors’ perceptions about a SPAC merger. Lucid’s PIPE investors included accounts managed by&nbsp;BlackRock(BLK), Fidelity Management &amp; Research,Franklin Templeton,Neuberger Berman, Wellington Management, and others.</p><p><blockquote>PIPE投资者的质量（他们可以是大型机构）通常会改善投资者对SPAC合并的看法。Lucid的PIPE投资者包括贝莱德(BLK)、富达管理与研究、富兰克林邓普顿、路博迈、惠灵顿管理等管理的账户。</blockquote></p><p> PIPE investors own about 10% of the stock, based on recent filings. The PIPE stock was sold at about $15 a share, so those investors are sitting on nice gains. Lucid stock was at $16.84 in early trading.</p><p><blockquote>根据最近提交的文件，PIPE投资者拥有该股约10%的股份。PIPE股票的售价约为每股15美元，因此这些投资者将获得可观的收益。Lucid股价早盘报16.84美元。</blockquote></p><p> Anytime a large block of stock becomes available to sell, shares can be weak. Investors, and traders, look to get out ahead of any selling by large shareholders. It can create a situation, where the fear of selling creates actual selling.</p><p><blockquote>每当大量股票可供出售时，股价就可能疲软。投资者和交易员希望在大股东抛售之前退出。它会造成一种情况，即对销售的恐惧会导致实际销售。</blockquote></p><p> None of the PIPE shareholders have to sell, of course. They simply can sell now. Lucid wasn’t immediately available to comment on the PIPE, investors’ plans, or the lockup expiration.</p><p><blockquote>当然，PIPE股东都不必出售。他们现在可以卖了。Lucid没有立即就PIPE、投资者的计划或禁售期到期发表评论。</blockquote></p><p> Coming into Wednesday, Lucid stock was down about 7% over the past three months. The S&amp;P has gained about 8% over the same span.</p><p><blockquote>截至周三，Lucid股价在过去三个月内下跌了约7%。同期，标准普尔指数上涨了约8%。</blockquote></p><p> Other EV stocks have been weak too. The semiconductor shortage, which is constraining global auto production, together with a downbeat forecast from&nbsp;General Motors(GM) regarding its&nbsp;second-half 2021earnings, seem to have taken some of the wind out of the sails of the sector.</p><p><blockquote>其他电动汽车股票也表现疲软。限制全球汽车生产的半导体短缺，加上通用汽车(GM)对其2021年下半年盈利的悲观预测，似乎让该行业失去了一些动力。</blockquote></p><p> Lucid plans to&nbsp;start making&nbsp;and delivering its first EV, the Lucid Air, later in 2021.</p><p><blockquote>Lucid计划于2021年晚些时候开始制造和交付其首款电动汽车Lucid Air。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/lucid-stock-falls-pipe-sales-lockup-51630504671?mod=newsviewer_click\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc"},"source_url":"https://www.marketwatch.com/articles/lucid-stock-falls-pipe-sales-lockup-51630504671?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1166477679","content_text":"Investors in Lucid are set to have one of the difficult days that often happen among start-up electric-vehicle companies. The share were down 16% in early trading, while the S&P 500 was up 0.2% and the Dow Jones Industrial Average was flat..\nLife can be tough for investors in these companies.So many things can move the stock price significantly. Many of them have nothing to do with corporate fundamentals.\nThe issue Wednesday is the expiration of a stock-selling prohibition for investors inLucid’s PIPE, or private investment in public equity. The PIPE lockup expired Wednesday.\nLucid became a publicly traded company, and raised more than $4 billion, by merging with a special-purpose acquisition company, or SPAC. PIPEs are a common feature of SPAC mergers. The Lucid PIPE raised about $2.5 billion of the total $4.4 billion the company received.\nThe quality of the PIPE investors–they can be large institutions–often improves investors’ perceptions about a SPAC merger. Lucid’s PIPE investors included accounts managed by BlackRock(BLK), Fidelity Management & Research,Franklin Templeton,Neuberger Berman, Wellington Management, and others.\nPIPE investors own about 10% of the stock, based on recent filings. The PIPE stock was sold at about $15 a share, so those investors are sitting on nice gains. Lucid stock was at $16.84 in early trading.\nAnytime a large block of stock becomes available to sell, shares can be weak. Investors, and traders, look to get out ahead of any selling by large shareholders. It can create a situation, where the fear of selling creates actual selling.\nNone of the PIPE shareholders have to sell, of course. They simply can sell now. Lucid wasn’t immediately available to comment on the PIPE, investors’ plans, or the lockup expiration.\nComing into Wednesday, Lucid stock was down about 7% over the past three months. The S&P has gained about 8% over the same span.\nOther EV stocks have been weak too. The semiconductor shortage, which is constraining global auto production, together with a downbeat forecast from General Motors(GM) regarding its second-half 2021earnings, seem to have taken some of the wind out of the sails of the sector.\nLucid plans to start making and delivering its first EV, the Lucid Air, later in 2021.","news_type":1,"symbols_score_info":{"LCID":0.9}},"isVote":1,"tweetType":1,"viewCount":747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818270490,"gmtCreate":1630417109010,"gmtModify":1631883982291,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Just run say real :)","listText":"Just run say real :)","text":"Just run say real :)","images":[{"img":"https://static.tigerbbs.com/50a0f3f4eb57c0ec7967656b36b6335a","width":"1125","height":"3748"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818270490","isVote":1,"tweetType":1,"viewCount":705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":818247120,"gmtCreate":1630417056460,"gmtModify":1631888977319,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/818247120","repostId":"1129307178","repostType":4,"isVote":1,"tweetType":1,"viewCount":569,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811256485,"gmtCreate":1630329199747,"gmtModify":1704958514844,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/811256485","repostId":"2163788958","repostType":4,"isVote":1,"tweetType":1,"viewCount":657,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811256250,"gmtCreate":1630329180370,"gmtModify":1704958514321,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Just run. It’s for your own good","listText":"Just run. It’s for your own good","text":"Just run. It’s for your own good","images":[{"img":"https://static.tigerbbs.com/a4e9767d4c02cadd4532723cf5ad6441","width":"1125","height":"3943"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811256250","isVote":1,"tweetType":1,"viewCount":1145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":813753047,"gmtCreate":1630252487189,"gmtModify":1704957477294,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Say real just run&nbsp;","listText":"Say real just run&nbsp;","text":"Say real just run","images":[{"img":"https://static.tigerbbs.com/6961800319e672701041e69ab1b5161c","width":"1125","height":"4033"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/813753047","isVote":1,"tweetType":1,"viewCount":644,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":813894407,"gmtCreate":1630164829309,"gmtModify":1704956676144,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like!!","listText":"Like!!","text":"Like!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/813894407","repostId":"2162733980","repostType":4,"isVote":1,"tweetType":1,"viewCount":797,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":137225396,"gmtCreate":1622353014015,"gmtModify":1631886063823,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>Wow. The merge hits like a truck. Time to close it off soon","listText":"<a href=\"https://laohu8.com/S/CTRM\">$Castor Maritime, Inc.(CTRM)$</a>Wow. The merge hits like a truck. Time to close it off soon","text":"$Castor Maritime, Inc.(CTRM)$Wow. The merge hits like a truck. Time to close it off soon","images":[{"img":"https://static.tigerbbs.com/6cad700870b95d3208142569106194a8","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/137225396","isVote":1,"tweetType":1,"viewCount":1776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":811256485,"gmtCreate":1630329199747,"gmtModify":1704958514844,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/811256485","repostId":"2163788958","repostType":4,"isVote":1,"tweetType":1,"viewCount":657,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170703035,"gmtCreate":1626448906327,"gmtModify":1633926620839,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/170703035","repostId":"1169536573","repostType":4,"repost":{"id":"1169536573","kind":"news","pubTimestamp":1626448731,"share":"https://www.laohu8.com/m/news/1169536573?lang=zh_CN&edition=full","pubTime":"2021-07-16 23:18","market":"us","language":"en","title":"Coupa Shares Extend Losses After Post-Analyst Day Selloff<blockquote>分析师日抛售后，Coupa股价扩大跌幅</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169536573","media":"Thestreet","summary":"Coupa Software traded lower for a second day Friday, extending Thursday's near 10% loss, as analysts reassessed their outlooks for the financial management software company following a disappointing analyst day event.Coupa hosted a virtual analyst day on Thursday, when the platform provider shared additional detail about its Coupa Pay service, and also provided an update on its longer-term prospects.Analysts honed in on the more conservative outlook provided by Coupa's management team as the lik","content":"<p>Coupa Software(<b>COUP</b>)&nbsp;traded lower for a second day Friday, extending Thursday's near 10% loss, as analysts reassessed their outlooks for the financial management software company following a disappointing analyst day event.</p><p><blockquote>Coupa软件（<b>COUP</b>）周五连续第二天走低，延续了周四近10%的跌幅，分析师在经历了令人失望的分析师日活动后重新评估了对这家财务管理软件公司的前景。</blockquote></p><p> Coupa hosted a virtual analyst day on Thursday, when the platform provider shared additional detail about its Coupa Pay service, and also provided an update on its longer-term prospects.</p><p><blockquote>Coupa周四举办了虚拟分析师日，该平台提供商分享了有关其Coupa Pay服务的更多细节，并提供了有关其长期前景的最新信息。</blockquote></p><p> Analysts honed in on the more conservative outlook provided by Coupa's management team as the likely reason behind Thursday's selloff, though were generally sanguine about the company's longer-term prospects, with Piper Sandler one of the the few Wall Street investment firms to lower its one-year price target.</p><p><blockquote>分析师们认为Coupa管理团队提供的更为保守的前景可能是周四抛售背后的原因，但他们普遍对该公司的长期前景持乐观态度，Piper Sandler是少数几家下调一年股价的华尔街投资公司之一。价格目标。</blockquote></p><p> Piper Sandler analysts also focused on lack of progress with Coupa Pay, noting that “… considering the necessary conservatism that is needed to continue the well-known beat and raise cadence, the set-up was always less than ideal.” They held their overweight rating on the stock though lowered their price target to $295 from $300.</p><p><blockquote>Piper Sandler分析师还关注了Coupa Pay缺乏进展的问题，并指出“……考虑到继续众所周知的节拍和提高节奏所需的必要保守主义，这种设置总是不太理想。”他们维持对该股的跑赢大盘评级，但将目标价从300美元下调至295美元。</blockquote></p><p> Truist Securities was slightly more upbeat, though admitted investors “could have been disappointed by either what they heard from an attach rate perspective on Coupa Pay or potentially were disappointed that it’s likely a multi-year time line before Coupa Pay really moves the needle.” They held their buy rating and price target of $326.</p><p><blockquote>Truist Securities稍微乐观一些，尽管承认投资者“可能会对他们从Coupa Pay的附加利率角度听到的消息感到失望，或者可能会对Coupa Pay真正发挥作用可能需要多年时间线感到失望。”他们维持买入评级和326美元的目标价。</blockquote></p><p> Barclays analysts noted that while Coupa couldn’t meet “the very high expectations from the Street” for its Coupa Pay service it is maintaining its positive outlook. The investment bank held its equal weight rating on the shares and one-year price target of $250.</p><p><blockquote>巴克莱分析师指出，虽然Coupa无法满足“华尔街对其Coupa Pay服务的极高期望”，但它仍保持积极的前景。该投资银行维持该股等权重评级，一年目标价为250美元。</blockquote></p><p> Coupa shares plunged last monthafter the companyprovided a tepid forecastthat raised questions about its pace of billings growth.&nbsp;A number of analysts cut their price targets on the San Mateo, Calif., based company at the time, even after it reported a surprise profit and better-than-expected revenue forecasts.</p><p><blockquote>上个月，Coupa股价暴跌，此前该公司提供了一份不温不火的预测，引发了人们对其账单增长速度的质疑。当时，许多分析师下调了这家总部位于加州圣马特奥的公司的目标价，尽管该公司公布了意外的利润和好于预期的收入预测。</blockquote></p><p> At last check, Coupa shares were down 2.24% at $221.04. The stock has fallen 32.7% year to date.</p><p><blockquote>据上次检查，Coupa股价下跌2.24%，至221.04美元。该股今年迄今已下跌32.7%。</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>Coupa Shares Extend Losses After Post-Analyst Day Selloff<blockquote>分析师日抛售后，Coupa股价扩大跌幅</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\">\nCoupa Shares Extend Losses After Post-Analyst Day Selloff<blockquote>分析师日抛售后，Coupa股价扩大跌幅</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-16 23:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Coupa Software(<b>COUP</b>)&nbsp;traded lower for a second day Friday, extending Thursday's near 10% loss, as analysts reassessed their outlooks for the financial management software company following a disappointing analyst day event.</p><p><blockquote>Coupa软件（<b>COUP</b>）周五连续第二天走低，延续了周四近10%的跌幅，分析师在经历了令人失望的分析师日活动后重新评估了对这家财务管理软件公司的前景。</blockquote></p><p> Coupa hosted a virtual analyst day on Thursday, when the platform provider shared additional detail about its Coupa Pay service, and also provided an update on its longer-term prospects.</p><p><blockquote>Coupa周四举办了虚拟分析师日，该平台提供商分享了有关其Coupa Pay服务的更多细节，并提供了有关其长期前景的最新信息。</blockquote></p><p> Analysts honed in on the more conservative outlook provided by Coupa's management team as the likely reason behind Thursday's selloff, though were generally sanguine about the company's longer-term prospects, with Piper Sandler one of the the few Wall Street investment firms to lower its one-year price target.</p><p><blockquote>分析师们认为Coupa管理团队提供的更为保守的前景可能是周四抛售背后的原因，但他们普遍对该公司的长期前景持乐观态度，Piper Sandler是少数几家下调一年股价的华尔街投资公司之一。价格目标。</blockquote></p><p> Piper Sandler analysts also focused on lack of progress with Coupa Pay, noting that “… considering the necessary conservatism that is needed to continue the well-known beat and raise cadence, the set-up was always less than ideal.” They held their overweight rating on the stock though lowered their price target to $295 from $300.</p><p><blockquote>Piper Sandler分析师还关注了Coupa Pay缺乏进展的问题，并指出“……考虑到继续众所周知的节拍和提高节奏所需的必要保守主义，这种设置总是不太理想。”他们维持对该股的跑赢大盘评级，但将目标价从300美元下调至295美元。</blockquote></p><p> Truist Securities was slightly more upbeat, though admitted investors “could have been disappointed by either what they heard from an attach rate perspective on Coupa Pay or potentially were disappointed that it’s likely a multi-year time line before Coupa Pay really moves the needle.” They held their buy rating and price target of $326.</p><p><blockquote>Truist Securities稍微乐观一些，尽管承认投资者“可能会对他们从Coupa Pay的附加利率角度听到的消息感到失望，或者可能会对Coupa Pay真正发挥作用可能需要多年时间线感到失望。”他们维持买入评级和326美元的目标价。</blockquote></p><p> Barclays analysts noted that while Coupa couldn’t meet “the very high expectations from the Street” for its Coupa Pay service it is maintaining its positive outlook. The investment bank held its equal weight rating on the shares and one-year price target of $250.</p><p><blockquote>巴克莱分析师指出，虽然Coupa无法满足“华尔街对其Coupa Pay服务的极高期望”，但它仍保持积极的前景。该投资银行维持该股等权重评级，一年目标价为250美元。</blockquote></p><p> Coupa shares plunged last monthafter the companyprovided a tepid forecastthat raised questions about its pace of billings growth.&nbsp;A number of analysts cut their price targets on the San Mateo, Calif., based company at the time, even after it reported a surprise profit and better-than-expected revenue forecasts.</p><p><blockquote>上个月，Coupa股价暴跌，此前该公司提供了一份不温不火的预测，引发了人们对其账单增长速度的质疑。当时，许多分析师下调了这家总部位于加州圣马特奥的公司的目标价，尽管该公司公布了意外的利润和好于预期的收入预测。</blockquote></p><p> At last check, Coupa shares were down 2.24% at $221.04. The stock has fallen 32.7% year to date.</p><p><blockquote>据上次检查，Coupa股价下跌2.24%，至221.04美元。该股今年迄今已下跌32.7%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/coupa-software-coup-rebound-selloff-analysts\">Thestreet</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":{"COUP":"Coupa Software Inc"},"source_url":"https://www.thestreet.com/investing/coupa-software-coup-rebound-selloff-analysts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169536573","content_text":"Coupa Software(COUP) traded lower for a second day Friday, extending Thursday's near 10% loss, as analysts reassessed their outlooks for the financial management software company following a disappointing analyst day event.\nCoupa hosted a virtual analyst day on Thursday, when the platform provider shared additional detail about its Coupa Pay service, and also provided an update on its longer-term prospects.\nAnalysts honed in on the more conservative outlook provided by Coupa's management team as the likely reason behind Thursday's selloff, though were generally sanguine about the company's longer-term prospects, with Piper Sandler one of the the few Wall Street investment firms to lower its one-year price target.\nPiper Sandler analysts also focused on lack of progress with Coupa Pay, noting that “… considering the necessary conservatism that is needed to continue the well-known beat and raise cadence, the set-up was always less than ideal.” They held their overweight rating on the stock though lowered their price target to $295 from $300.\nTruist Securities was slightly more upbeat, though admitted investors “could have been disappointed by either what they heard from an attach rate perspective on Coupa Pay or potentially were disappointed that it’s likely a multi-year time line before Coupa Pay really moves the needle.” They held their buy rating and price target of $326.\nBarclays analysts noted that while Coupa couldn’t meet “the very high expectations from the Street” for its Coupa Pay service it is maintaining its positive outlook. The investment bank held its equal weight rating on the shares and one-year price target of $250.\nCoupa shares plunged last monthafter the companyprovided a tepid forecastthat raised questions about its pace of billings growth. A number of analysts cut their price targets on the San Mateo, Calif., based company at the time, even after it reported a surprise profit and better-than-expected revenue forecasts.\nAt last check, Coupa shares were down 2.24% at $221.04. The stock has fallen 32.7% year to date.","news_type":1,"symbols_score_info":{"COUP":0.9}},"isVote":1,"tweetType":1,"viewCount":492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158593899,"gmtCreate":1625154064211,"gmtModify":1633944166570,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>If it keeps falling I’m readyto stock up more","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>If it keeps falling I’m readyto stock up more","text":"$Alibaba(BABA)$If it keeps falling I’m readyto stock up more","images":[{"img":"https://static.tigerbbs.com/a90dbac434f34d38b8dd63c1bd23f54d","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/158593899","isVote":1,"tweetType":1,"viewCount":1182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":133484867,"gmtCreate":1621783480959,"gmtModify":1634186599810,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment!","listText":"Like and comment!","text":"Like and 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comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/806820773","repostId":"1109167679","repostType":4,"isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171311128,"gmtCreate":1626706035264,"gmtModify":1633924760026,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/171311128","repostId":"1146536243","repostType":4,"repost":{"id":"1146536243","kind":"news","pubTimestamp":1626683272,"share":"https://www.laohu8.com/m/news/1146536243?lang=zh_CN&edition=full","pubTime":"2021-07-19 16:27","market":"us","language":"en","title":"Morgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual<blockquote>摩根士丹利：本轮周期将比往常“更热但更短”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146536243","media":"zerohedge","summary":"This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.","content":"<p>We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.</p><p><blockquote>我们认为这个经济周期将是正常的、强劲的、短暂的。这些假设中的每一个都受到市场的激烈争论。每一项都是我们投资策略的关键。</blockquote></p><p> The debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.</p><p><blockquote>关于周期“常态”的争论是不言自明的。毫不夸张地说，疫情造成了有记录以来最大幅度的产出下降。随后，在政策支持的帮助下，经济活动迅速回升。将这种情况视为独特的，不同于其他周期性经历的理由是，这种暴力的下跌和上涨从未允许传统的“重置”。</blockquote></p><p> But 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.</p><p><blockquote>但市场中的“正常”是一个有趣的概念，记忆的粗糙边缘往往会随着时间的推移而变得光滑和抛光。2003-07年的周期以大萧条以来最大的银行和房地产危机结束。1992-2000年的周期以巨大的股票泡沫破裂、广泛的会计欺诈和难以言喻的悲剧而告终。“正常”周期在理论上很好，但在实践中更难。</blockquote></p><p> Instead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.</p><p><blockquote>相反，让我们考虑一下为什么我们使用术语“周期”。经济和市场往往遵循周期性模式，这些模式往往会在市场表现中显现出来。我们关心的是那些模式，如果它们仍然适用，它们可以在不确定的地形中提供有用的指导。</blockquote></p><p> Was last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.</p><p><blockquote>去年的衰退之前是否存在收益率曲线倒挂、低波动性、低失业率、高消费者信心和股市广度收窄等周期后期条件？是的。由此产生的股票、信贷、收益率和收益率曲线的低谷是否符合市场和经济低点之间的通常节奏？他们做到了。随后反弹的领头羊是否是通常的早期周期赢家，如小型股和周期性股票、高收益信贷和工业金属？他们是。</blockquote></p><p> If it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are.&nbsp;If a lot of 'normal' cycle behavior has played out so far, it should&nbsp;<i>continue</i>&nbsp;to do so.</p><p><blockquote>如果它像鸭子一样走路，像鸭子一样嘎嘎叫，我们认为这是一个正常的循环。或者这些事情实际上是正常的。如果到目前为止已经发生了很多“正常”的循环行为，那么它应该<i>继续</i>这样做。</blockquote></p><p> Specifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see&nbsp;The Growth Scare Anniversary, July 11, 2021).</p><p><blockquote>具体来说，这与市场复苏时的表现模式有关。随着复苏的推进，这些模式应该会发生变化。正如我的同事迈克尔·威尔逊所指出的，我们认为我们正在进入周期中期市场，尽管距离经济活动低点仅16个月。我们看到当前状况与2004年上半年有许多相似之处，2004年上半年是大幅通货再膨胀反弹之后的周期中期。重要的是，尽管最近对增长感到担忧，但我们认为全球复苏将继续推进（见增长恐慌周年纪念，2021年7月11日）。</blockquote></p><p> Because one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.<b>It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.</b></p><p><blockquote>因为人们总能找到适合他们特定周期观点的指标，所以我们长期以来一直是综合指数的粉丝。这就是我们的“周期模型”，它结合了美国宏观、信贷周期和企业侵略性的十个指标，以衡量我们在市场周期中的位置。在2019年6月进入周期后期“低迷”和2020年4月进入周期早期“修复”后，该指数飙升。<b>它上升得如此之快，以至于已经过了下一个阶段（“复苏”），直接进入了“扩张”。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/41879c4f66b33597ee236bdd52841004\" tg-width=\"904\" tg-height=\"490\" referrerpolicy=\"no-referrer\">Thisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',<b>and since 1980, it has taken an average of 35 months to get there after 'downturn' ends</b>. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.<b>It also hints at another possibility:&nbsp;this hotter cycle could be shorter.</b>This is our thesis, and it’s showing up in our quantitative measure.</p><p><blockquote>这很不寻常。“扩张”意味着捕捉“比正常情况更好且正在改善”的条件，<b>自1980年以来，“低迷”结束后平均需要35个月才能实现这一目标</b>它的迅速到来表明，在巨大的政策支持下，经济正在迅速复苏。<b>这也暗示了另一种可能性：这个更热的周期可能会更短。</b>这是我们的论点，它体现在我们的定量测量中。</blockquote></p><p> All this has a number of implications:</p><p><blockquote>所有这些都有许多含义：</blockquote></p><p></p><p> <ul>  <li><b>The shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases</b>. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.</li>  <li><b>In many of those periods, more mixed credit performance occurs despite default rates remaining low</b>. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.</li>  <li><b>In equities, we think that our model supports more balance in portfolios</b>. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.</li>  <li><b>Interest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model</b>. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.</li> </ul> This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.</p><p><blockquote><ul><li><b>周期越短，信贷相对于其他风险资产越差；信贷从“繁荣”中获得的收益较少，如果下一次衰退提前到来，信贷就会面临风险，并且随着企业信心的增强，信贷将面临更多的供应</b>在我们周期模型的“扩张”阶段，美国IG和HY Credit N1200万超额回报分别比平均水平差29个基点和161个基点。</li><li><b>在其中许多时期，尽管违约率仍然很低，但信贷表现却参差不齐</b>投资者应该尝试承担违约风险而不是利差风险：我们的信用策略师喜欢持有CDX HY 0-15%，并用CDX IG付款人利差进行对冲。</li><li><b>在股票方面，我们认为我们的模型支持投资组合更加平衡</b>我们看好美国和欧洲的医疗保健行业，因为该行业具有几个良好的因素：质量、低估值、高利差和低波动性。从全球来看，欧洲和日本的股市往往跑赢“中期周期”，我们认为它们可以再次这样做。</li><li><b>利率对复苏过于悲观。在我们周期模型的“扩张”阶段，美国10年期国债1200万奈拉回报率比平均水平低97个基点</b>.Guneet Dhingra和我们的美国利率策略团队在全球资产配置中转移了跑输大盘美国10年期国债，而我们反过来又转移了跑输大盘政府债券。</li></ul>这种循环是不寻常的。大多数“正常”周期都是。我们认为复苏是可持续的，而且更有可能“更热、更短”。出售国债并相信扩张。</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>Morgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual<blockquote>摩根士丹利：本轮周期将比往常“更热但更短”</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\">\nMorgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual<blockquote>摩根士丹利：本轮周期将比往常“更热但更短”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-19 16:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.</p><p><blockquote>我们认为这个经济周期将是正常的、强劲的、短暂的。这些假设中的每一个都受到市场的激烈争论。每一项都是我们投资策略的关键。</blockquote></p><p> The debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.</p><p><blockquote>关于周期“常态”的争论是不言自明的。毫不夸张地说，疫情造成了有记录以来最大幅度的产出下降。随后，在政策支持的帮助下，经济活动迅速回升。将这种情况视为独特的，不同于其他周期性经历的理由是，这种暴力的下跌和上涨从未允许传统的“重置”。</blockquote></p><p> But 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.</p><p><blockquote>但市场中的“正常”是一个有趣的概念，记忆的粗糙边缘往往会随着时间的推移而变得光滑和抛光。2003-07年的周期以大萧条以来最大的银行和房地产危机结束。1992-2000年的周期以巨大的股票泡沫破裂、广泛的会计欺诈和难以言喻的悲剧而告终。“正常”周期在理论上很好，但在实践中更难。</blockquote></p><p> Instead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.</p><p><blockquote>相反，让我们考虑一下为什么我们使用术语“周期”。经济和市场往往遵循周期性模式，这些模式往往会在市场表现中显现出来。我们关心的是那些模式，如果它们仍然适用，它们可以在不确定的地形中提供有用的指导。</blockquote></p><p> Was last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.</p><p><blockquote>去年的衰退之前是否存在收益率曲线倒挂、低波动性、低失业率、高消费者信心和股市广度收窄等周期后期条件？是的。由此产生的股票、信贷、收益率和收益率曲线的低谷是否符合市场和经济低点之间的通常节奏？他们做到了。随后反弹的领头羊是否是通常的早期周期赢家，如小型股和周期性股票、高收益信贷和工业金属？他们是。</blockquote></p><p> If it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are.&nbsp;If a lot of 'normal' cycle behavior has played out so far, it should&nbsp;<i>continue</i>&nbsp;to do so.</p><p><blockquote>如果它像鸭子一样走路，像鸭子一样嘎嘎叫，我们认为这是一个正常的循环。或者这些事情实际上是正常的。如果到目前为止已经发生了很多“正常”的循环行为，那么它应该<i>继续</i>这样做。</blockquote></p><p> Specifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see&nbsp;The Growth Scare Anniversary, July 11, 2021).</p><p><blockquote>具体来说，这与市场复苏时的表现模式有关。随着复苏的推进，这些模式应该会发生变化。正如我的同事迈克尔·威尔逊所指出的，我们认为我们正在进入周期中期市场，尽管距离经济活动低点仅16个月。我们看到当前状况与2004年上半年有许多相似之处，2004年上半年是大幅通货再膨胀反弹之后的周期中期。重要的是，尽管最近对增长感到担忧，但我们认为全球复苏将继续推进（见增长恐慌周年纪念，2021年7月11日）。</blockquote></p><p> Because one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.<b>It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.</b></p><p><blockquote>因为人们总能找到适合他们特定周期观点的指标，所以我们长期以来一直是综合指数的粉丝。这就是我们的“周期模型”，它结合了美国宏观、信贷周期和企业侵略性的十个指标，以衡量我们在市场周期中的位置。在2019年6月进入周期后期“低迷”和2020年4月进入周期早期“修复”后，该指数飙升。<b>它上升得如此之快，以至于已经过了下一个阶段（“复苏”），直接进入了“扩张”。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/41879c4f66b33597ee236bdd52841004\" tg-width=\"904\" tg-height=\"490\" referrerpolicy=\"no-referrer\">Thisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',<b>and since 1980, it has taken an average of 35 months to get there after 'downturn' ends</b>. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.<b>It also hints at another possibility:&nbsp;this hotter cycle could be shorter.</b>This is our thesis, and it’s showing up in our quantitative measure.</p><p><blockquote>这很不寻常。“扩张”意味着捕捉“比正常情况更好且正在改善”的条件，<b>自1980年以来，“低迷”结束后平均需要35个月才能实现这一目标</b>它的迅速到来表明，在巨大的政策支持下，经济正在迅速复苏。<b>这也暗示了另一种可能性：这个更热的周期可能会更短。</b>这是我们的论点，它体现在我们的定量测量中。</blockquote></p><p> All this has a number of implications:</p><p><blockquote>所有这些都有许多含义：</blockquote></p><p></p><p> <ul>  <li><b>The shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases</b>. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.</li>  <li><b>In many of those periods, more mixed credit performance occurs despite default rates remaining low</b>. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.</li>  <li><b>In equities, we think that our model supports more balance in portfolios</b>. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.</li>  <li><b>Interest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model</b>. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.</li> </ul> This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.</p><p><blockquote><ul><li><b>周期越短，信贷相对于其他风险资产越差；信贷从“繁荣”中获得的收益较少，如果下一次衰退提前到来，信贷就会面临风险，并且随着企业信心的增强，信贷将面临更多的供应</b>在我们周期模型的“扩张”阶段，美国IG和HY Credit N1200万超额回报分别比平均水平差29个基点和161个基点。</li><li><b>在其中许多时期，尽管违约率仍然很低，但信贷表现却参差不齐</b>投资者应该尝试承担违约风险而不是利差风险：我们的信用策略师喜欢持有CDX HY 0-15%，并用CDX IG付款人利差进行对冲。</li><li><b>在股票方面，我们认为我们的模型支持投资组合更加平衡</b>我们看好美国和欧洲的医疗保健行业，因为该行业具有几个良好的因素：质量、低估值、高利差和低波动性。从全球来看，欧洲和日本的股市往往跑赢“中期周期”，我们认为它们可以再次这样做。</li><li><b>利率对复苏过于悲观。在我们周期模型的“扩张”阶段，美国10年期国债1200万奈拉回报率比平均水平低97个基点</b>.Guneet Dhingra和我们的美国利率策略团队在全球资产配置中转移了跑输大盘美国10年期国债，而我们反过来又转移了跑输大盘政府债券。</li></ul>这种循环是不寻常的。大多数“正常”周期都是。我们认为复苏是可持续的，而且更有可能“更热、更短”。出售国债并相信扩张。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/morgan-stanley-cycle-will-be-hotter-shorter-usual\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/morgan-stanley-cycle-will-be-hotter-shorter-usual","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146536243","content_text":"We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.\nThe debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.\nBut 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.\nInstead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.\nWas last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.\nIf it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are. If a lot of 'normal' cycle behavior has played out so far, it should continue to do so.\nSpecifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see The Growth Scare Anniversary, July 11, 2021).\nBecause one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.\nThisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',and since 1980, it has taken an average of 35 months to get there after 'downturn' ends. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.It also hints at another possibility: this hotter cycle could be shorter.This is our thesis, and it’s showing up in our quantitative measure.\nAll this has a number of implications:\n\nThe shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.\nIn many of those periods, more mixed credit performance occurs despite default rates remaining low. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.\nIn equities, we think that our model supports more balance in portfolios. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.\nInterest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.\n\nThis cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126255777,"gmtCreate":1624576886699,"gmtModify":1634004262084,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment!","listText":"Like and comment!","text":"Like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/126255777","repostId":"1198422658","repostType":4,"isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137226331,"gmtCreate":1622352804523,"gmtModify":1634102093342,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment!","listText":"Like and comment!","text":"Like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/137226331","repostId":"2138948877","repostType":4,"isVote":1,"tweetType":1,"viewCount":593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808132606,"gmtCreate":1627564017805,"gmtModify":1631885373915,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BLSP\">$Blue Sphere Corp.(BLSP)$</a>Dhhhh","listText":"<a href=\"https://laohu8.com/S/BLSP\">$Blue Sphere Corp.(BLSP)$</a>Dhhhh","text":"$Blue Sphere Corp.(BLSP)$Dhhhh","images":[{"img":"https://static.tigerbbs.com/9e535d264b2f800d710286ab697cab11","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":2,"link":"https://laohu8.com/post/808132606","isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":121006764,"gmtCreate":1624442315358,"gmtModify":1634006100783,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment!","listText":"Like and comment!","text":"Like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/121006764","repostId":"1145825451","repostType":4,"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196943631,"gmtCreate":1621008091623,"gmtModify":1634194580576,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment :)","listText":"Like and comment :)","text":"Like and comment :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/196943631","repostId":"2135710626","repostType":4,"isVote":1,"tweetType":1,"viewCount":550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816510792,"gmtCreate":1630506969516,"gmtModify":1631888977304,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/816510792","repostId":"1166477679","repostType":4,"repost":{"id":"1166477679","kind":"news","pubTimestamp":1630506475,"share":"https://www.laohu8.com/m/news/1166477679?lang=zh_CN&edition=full","pubTime":"2021-09-01 22:27","market":"us","language":"en","title":"Lucid Stock is Tanking. The Reason Has Nothing to Do With EV Manufacturing.<blockquote>Lucid股票正在下跌。原因与电动汽车制造无关。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166477679","media":"Marketwatch","summary":"Investors in Lucid are set to have one of the difficult days that often happen among start-up electr","content":"<p>Investors in&nbsp;Lucid&nbsp;are set to have one of the difficult days that often happen among start-up electric-vehicle companies. The share were down 16% in early trading, while the&nbsp;S&amp;P 500&nbsp;was up 0.2% and the&nbsp;Dow Jones Industrial Average&nbsp;was flat..</p><p><blockquote>Lucid的投资者将经历初创电动汽车公司中经常发生的艰难日子之一。该股早盘下跌16%，而标准普尔500指数上涨0.2%，道琼斯工业平均指数持平..</blockquote></p><p> Life can be tough for investors in&nbsp;these companies.So many things can move the stock price significantly. Many of them have nothing to do with&nbsp;corporate fundamentals.</p><p><blockquote>对于这些公司的投资者来说，生活可能会很艰难。很多事情都可以显着影响股价。其中很多与企业基本面无关。</blockquote></p><p> The issue Wednesday is the expiration of a stock-selling prohibition for investors inLucid’s PIPE, or private investment in public equity. The PIPE lockup expired Wednesday.</p><p><blockquote>周三的问题是Lucid PIPE（即公共股权私人投资）投资者的股票销售禁令到期。管道锁定于周三到期。</blockquote></p><p> Lucid became a publicly traded company, and raised more than $4 billion, by merging with a special-purpose acquisition company, or SPAC. PIPEs are a common feature of SPAC mergers. The Lucid PIPE raised about $2.5 billion of the total $4.4 billion the company received.</p><p><blockquote>Lucid成为一家上市公司，并通过与一家特殊目的收购公司(SPAC)合并筹集了超过40亿美元。管道是SPAC合并的共同特征。Lucid PIPE筹集了该公司收到的44亿美元总额中的约25亿美元。</blockquote></p><p> The quality of the PIPE investors–they can be large institutions–often improves investors’ perceptions about a SPAC merger. Lucid’s PIPE investors included accounts managed by&nbsp;BlackRock(BLK), Fidelity Management &amp; Research,Franklin Templeton,Neuberger Berman, Wellington Management, and others.</p><p><blockquote>PIPE投资者的质量（他们可以是大型机构）通常会改善投资者对SPAC合并的看法。Lucid的PIPE投资者包括贝莱德(BLK)、富达管理与研究、富兰克林邓普顿、路博迈、惠灵顿管理等管理的账户。</blockquote></p><p> PIPE investors own about 10% of the stock, based on recent filings. The PIPE stock was sold at about $15 a share, so those investors are sitting on nice gains. Lucid stock was at $16.84 in early trading.</p><p><blockquote>根据最近提交的文件，PIPE投资者拥有该股约10%的股份。PIPE股票的售价约为每股15美元，因此这些投资者将获得可观的收益。Lucid股价早盘报16.84美元。</blockquote></p><p> Anytime a large block of stock becomes available to sell, shares can be weak. Investors, and traders, look to get out ahead of any selling by large shareholders. It can create a situation, where the fear of selling creates actual selling.</p><p><blockquote>每当大量股票可供出售时，股价就可能疲软。投资者和交易员希望在大股东抛售之前退出。它会造成一种情况，即对销售的恐惧会导致实际销售。</blockquote></p><p> None of the PIPE shareholders have to sell, of course. They simply can sell now. Lucid wasn’t immediately available to comment on the PIPE, investors’ plans, or the lockup expiration.</p><p><blockquote>当然，PIPE股东都不必出售。他们现在可以卖了。Lucid没有立即就PIPE、投资者的计划或禁售期到期发表评论。</blockquote></p><p> Coming into Wednesday, Lucid stock was down about 7% over the past three months. The S&amp;P has gained about 8% over the same span.</p><p><blockquote>截至周三，Lucid股价在过去三个月内下跌了约7%。同期，标准普尔指数上涨了约8%。</blockquote></p><p> Other EV stocks have been weak too. The semiconductor shortage, which is constraining global auto production, together with a downbeat forecast from&nbsp;General Motors(GM) regarding its&nbsp;second-half 2021earnings, seem to have taken some of the wind out of the sails of the sector.</p><p><blockquote>其他电动汽车股票也表现疲软。限制全球汽车生产的半导体短缺，加上通用汽车(GM)对其2021年下半年盈利的悲观预测，似乎让该行业失去了一些动力。</blockquote></p><p> Lucid plans to&nbsp;start making&nbsp;and delivering its first EV, the Lucid Air, later in 2021.</p><p><blockquote>Lucid计划于2021年晚些时候开始制造和交付其首款电动汽车Lucid Air。</blockquote></p><p></p>","source":"market_watch","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>Lucid Stock is Tanking. The Reason Has Nothing to Do With EV Manufacturing.<blockquote>Lucid股票正在下跌。原因与电动汽车制造无关。</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\">\nLucid Stock is Tanking. The Reason Has Nothing to Do With EV Manufacturing.<blockquote>Lucid股票正在下跌。原因与电动汽车制造无关。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-09-01 22:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Investors in&nbsp;Lucid&nbsp;are set to have one of the difficult days that often happen among start-up electric-vehicle companies. The share were down 16% in early trading, while the&nbsp;S&amp;P 500&nbsp;was up 0.2% and the&nbsp;Dow Jones Industrial Average&nbsp;was flat..</p><p><blockquote>Lucid的投资者将经历初创电动汽车公司中经常发生的艰难日子之一。该股早盘下跌16%，而标准普尔500指数上涨0.2%，道琼斯工业平均指数持平..</blockquote></p><p> Life can be tough for investors in&nbsp;these companies.So many things can move the stock price significantly. Many of them have nothing to do with&nbsp;corporate fundamentals.</p><p><blockquote>对于这些公司的投资者来说，生活可能会很艰难。很多事情都可以显着影响股价。其中很多与企业基本面无关。</blockquote></p><p> The issue Wednesday is the expiration of a stock-selling prohibition for investors inLucid’s PIPE, or private investment in public equity. The PIPE lockup expired Wednesday.</p><p><blockquote>周三的问题是Lucid PIPE（即公共股权私人投资）投资者的股票销售禁令到期。管道锁定于周三到期。</blockquote></p><p> Lucid became a publicly traded company, and raised more than $4 billion, by merging with a special-purpose acquisition company, or SPAC. PIPEs are a common feature of SPAC mergers. The Lucid PIPE raised about $2.5 billion of the total $4.4 billion the company received.</p><p><blockquote>Lucid成为一家上市公司，并通过与一家特殊目的收购公司(SPAC)合并筹集了超过40亿美元。管道是SPAC合并的共同特征。Lucid PIPE筹集了该公司收到的44亿美元总额中的约25亿美元。</blockquote></p><p> The quality of the PIPE investors–they can be large institutions–often improves investors’ perceptions about a SPAC merger. Lucid’s PIPE investors included accounts managed by&nbsp;BlackRock(BLK), Fidelity Management &amp; Research,Franklin Templeton,Neuberger Berman, Wellington Management, and others.</p><p><blockquote>PIPE投资者的质量（他们可以是大型机构）通常会改善投资者对SPAC合并的看法。Lucid的PIPE投资者包括贝莱德(BLK)、富达管理与研究、富兰克林邓普顿、路博迈、惠灵顿管理等管理的账户。</blockquote></p><p> PIPE investors own about 10% of the stock, based on recent filings. The PIPE stock was sold at about $15 a share, so those investors are sitting on nice gains. Lucid stock was at $16.84 in early trading.</p><p><blockquote>根据最近提交的文件，PIPE投资者拥有该股约10%的股份。PIPE股票的售价约为每股15美元，因此这些投资者将获得可观的收益。Lucid股价早盘报16.84美元。</blockquote></p><p> Anytime a large block of stock becomes available to sell, shares can be weak. Investors, and traders, look to get out ahead of any selling by large shareholders. It can create a situation, where the fear of selling creates actual selling.</p><p><blockquote>每当大量股票可供出售时，股价就可能疲软。投资者和交易员希望在大股东抛售之前退出。它会造成一种情况，即对销售的恐惧会导致实际销售。</blockquote></p><p> None of the PIPE shareholders have to sell, of course. They simply can sell now. Lucid wasn’t immediately available to comment on the PIPE, investors’ plans, or the lockup expiration.</p><p><blockquote>当然，PIPE股东都不必出售。他们现在可以卖了。Lucid没有立即就PIPE、投资者的计划或禁售期到期发表评论。</blockquote></p><p> Coming into Wednesday, Lucid stock was down about 7% over the past three months. The S&amp;P has gained about 8% over the same span.</p><p><blockquote>截至周三，Lucid股价在过去三个月内下跌了约7%。同期，标准普尔指数上涨了约8%。</blockquote></p><p> Other EV stocks have been weak too. The semiconductor shortage, which is constraining global auto production, together with a downbeat forecast from&nbsp;General Motors(GM) regarding its&nbsp;second-half 2021earnings, seem to have taken some of the wind out of the sails of the sector.</p><p><blockquote>其他电动汽车股票也表现疲软。限制全球汽车生产的半导体短缺，加上通用汽车(GM)对其2021年下半年盈利的悲观预测，似乎让该行业失去了一些动力。</blockquote></p><p> Lucid plans to&nbsp;start making&nbsp;and delivering its first EV, the Lucid Air, later in 2021.</p><p><blockquote>Lucid计划于2021年晚些时候开始制造和交付其首款电动汽车Lucid Air。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/articles/lucid-stock-falls-pipe-sales-lockup-51630504671?mod=newsviewer_click\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc"},"source_url":"https://www.marketwatch.com/articles/lucid-stock-falls-pipe-sales-lockup-51630504671?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1166477679","content_text":"Investors in Lucid are set to have one of the difficult days that often happen among start-up electric-vehicle companies. The share were down 16% in early trading, while the S&P 500 was up 0.2% and the Dow Jones Industrial Average was flat..\nLife can be tough for investors in these companies.So many things can move the stock price significantly. Many of them have nothing to do with corporate fundamentals.\nThe issue Wednesday is the expiration of a stock-selling prohibition for investors inLucid’s PIPE, or private investment in public equity. The PIPE lockup expired Wednesday.\nLucid became a publicly traded company, and raised more than $4 billion, by merging with a special-purpose acquisition company, or SPAC. PIPEs are a common feature of SPAC mergers. The Lucid PIPE raised about $2.5 billion of the total $4.4 billion the company received.\nThe quality of the PIPE investors–they can be large institutions–often improves investors’ perceptions about a SPAC merger. Lucid’s PIPE investors included accounts managed by BlackRock(BLK), Fidelity Management & Research,Franklin Templeton,Neuberger Berman, Wellington Management, and others.\nPIPE investors own about 10% of the stock, based on recent filings. The PIPE stock was sold at about $15 a share, so those investors are sitting on nice gains. Lucid stock was at $16.84 in early trading.\nAnytime a large block of stock becomes available to sell, shares can be weak. Investors, and traders, look to get out ahead of any selling by large shareholders. It can create a situation, where the fear of selling creates actual selling.\nNone of the PIPE shareholders have to sell, of course. They simply can sell now. Lucid wasn’t immediately available to comment on the PIPE, investors’ plans, or the lockup expiration.\nComing into Wednesday, Lucid stock was down about 7% over the past three months. The S&P has gained about 8% over the same span.\nOther EV stocks have been weak too. The semiconductor shortage, which is constraining global auto production, together with a downbeat forecast from General Motors(GM) regarding its second-half 2021earnings, seem to have taken some of the wind out of the sails of the sector.\nLucid plans to start making and delivering its first EV, the Lucid Air, later in 2021.","news_type":1,"symbols_score_info":{"LCID":0.9}},"isVote":1,"tweetType":1,"viewCount":747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805496856,"gmtCreate":1627896670775,"gmtModify":1633755502820,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/805496856","repostId":"1155171981","repostType":4,"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178196031,"gmtCreate":1626790621623,"gmtModify":1633770999859,"author":{"id":"3574756159963132","authorId":"3574756159963132","name":"TheZaiKia","avatar":"https://static.tigerbbs.com/d42f4341bc9f163ff10b836a7039e893","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574756159963132","idStr":"3574756159963132"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/178196031","repostId":"1184882386","repostType":4,"repost":{"id":"1184882386","kind":"news","pubTimestamp":1626790245,"share":"https://www.laohu8.com/m/news/1184882386?lang=zh_CN&edition=full","pubTime":"2021-07-20 22:10","market":"us","language":"en","title":"What If This Is The Economic End-Cycle<blockquote>如果这是经济周期结束怎么办</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184882386","media":"zerohedge","summary":"A few months ago, Morgan Stanley's chief equity strategist Michael Wilson, who also recently emerged","content":"<p>A few months ago, Morgan Stanley's chief equity strategist Michael Wilson, who also recently emerged as the biggest Wall Street bear warning that the \"rolling corrections\" in themarket presage a 10-20% drop in stocks, summarized the current economic state simply as \"mid cycle\"...</p><p><blockquote>几个月前，摩根士丹利(Morgan Stanley)首席股票策略师迈克尔·威尔逊(Michael Wilson)最近也成为华尔街最大的空头警告称，市场的“滚动调整”预示着股市将下跌10-20%，他将当前的经济状况简单地总结为“中期周期”……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d95f296e4d1300cd3c95485a2333d270\" tg-width=\"906\" tg-height=\"571\" width=\"100%\" height=\"auto\">... which of course is the best place to be, as the initial euphoric surge higher in stocks tapers to a slow and steady grind as the economy chugs along at a modest pace.</p><p><blockquote>...这当然是最好的地方，因为随着经济以温和的速度突突前进，股市最初的兴奋飙升逐渐减弱为缓慢而稳定的研磨。</blockquote></p><p> But what if he is wrong? After all, yesterday the NBER determined that the covid recession - at just 2 months - was the fastest on record (even as 14 million Americans are out of a job and still collect unemployment benefits) and we are already well into the mid cycle, if not approaching the end.</p><p><blockquote>但如果他错了呢？毕竟，昨天NBER确定，covid衰退——仅2个月——是有记录以来最快的（尽管有1400万美国人失业，但仍在领取失业救济金），我们已经进入了周期的中期，如果不是接近尾声的话。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e47d11bc07779a51cede0a73e7ddf627\" tg-width=\"971\" tg-height=\"562\" width=\"100%\" height=\"auto\">Also it is none other than Wilson's own employer Morgan Stanley, which has also said recently that this cycle will be \"<b>hotter but shorter</b>\" than usual.</p><p><blockquote>此外，正是威尔逊自己的雇主摩根士丹利，该公司最近也表示，这个周期将“<b>更热但更短</b>“比平常多了。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/41879c4f66b33597ee236bdd52841004\" tg-width=\"904\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Does it not stand to reason then, that the economic cycle is now so truncated - courtesy of $30 trillion in global stimulus - that we have blasted right through the midcycle phase and are now nearing the end?</p><p><blockquote>那么，由于30万亿美元的全球刺激计划，经济周期现在如此缩短，以至于我们已经度过了周期中期阶段，现在接近尾声，这难道不合理吗？</blockquote></p><p> That is the question Deutsche Bank's credit strategist Jim Reid asked overnight, when he described this recovery as \"undoubtedly the most unusual in history with many sectors of the economy already running ahead of their pre-recession trend\" even though several serviced based ones are still well behind though. More importantly, according to Reid and DB economists,<i>the output and employment gap will likely close in the next couple of quarters which will be the quickest for both in observable economic history.</i></p><p><blockquote>这是德意志银行信贷策略师吉姆·里德(Jim Reid)隔夜提出的问题，他将这次复苏描述为“无疑是历史上最不寻常的，许多经济部门已经领先于衰退前的趋势”，尽管一些服务型部门仍然落后。更重要的是，根据Reid和DB经济学家的说法，<i>产出和就业差距可能会在未来几个季度缩小，这将是可观察到的经济史上最快的。</i></blockquote></p><p> Reid then takes a look at where real GDP, nominal GDP, CPI, unemployment, retail sales, equities, household wealth, housing, treasuries and commodities are against all other recoveries for most variables goes back over 100 years. The chart below shows real GDP and as Reid explains, \"for most of these, this current post covid recovery is near the top\"<b>making this recovery neck and neck with the fastest post-WWII expansion.</b></p><p><blockquote>然后，里德研究了实际GDP、名义GDP、CPI、失业率、零售销售、股票、家庭财富、住房、国债和大宗商品与100多年前大多数变量的所有其他复苏相比的情况。下图显示了实际GDP，正如里德所解释的那样，“对于其中大多数来说，当前的新冠疫情后复苏已接近顶峰”<b>使这种复苏与二战后最快的扩张不相上下。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/48279d702e3f7b92c743f063b26661ad\" tg-width=\"868\" tg-height=\"411\" width=\"100%\" height=\"auto\">As Reid puts it, \"clearly this cycle saw a big drawdown due to the pandemic but so did the GFC and its notable that the post-GFC recovery was around the weakest at the same stage\" which begs the question: \"should this be seen as the start of a new cycle or a continuation of the last cycle after a period of covid related hibernation?<b>The answer to this will give us clues as to how long this cycle lasts, future Fed activity, and on the inflationary consequences of the current strong rebound.\"</b></p><p><blockquote>正如里德所说，“很明显，由于疫情，这个周期出现了大幅下降，但GFC也是如此，值得注意的是，后GFC时代的复苏在同一阶段是最弱的”，这就引出了一个问题：“这应该被视为一个新周期的开始，还是在一段与covid相关的冬眠期后上一个周期的延续？<b>这个问题的答案将为我们提供线索，让我们了解这个周期会持续多久、美联储未来的活动以及当前强劲反弹的通胀后果。”</b></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What If This Is The Economic End-Cycle<blockquote>如果这是经济周期结束怎么办</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; 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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 If This Is The Economic End-Cycle<blockquote>如果这是经济周期结束怎么办</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-20 22:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A few months ago, Morgan Stanley's chief equity strategist Michael Wilson, who also recently emerged as the biggest Wall Street bear warning that the \"rolling corrections\" in themarket presage a 10-20% drop in stocks, summarized the current economic state simply as \"mid cycle\"...</p><p><blockquote>几个月前，摩根士丹利(Morgan Stanley)首席股票策略师迈克尔·威尔逊(Michael Wilson)最近也成为华尔街最大的空头警告称，市场的“滚动调整”预示着股市将下跌10-20%，他将当前的经济状况简单地总结为“中期周期”……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d95f296e4d1300cd3c95485a2333d270\" tg-width=\"906\" tg-height=\"571\" width=\"100%\" height=\"auto\">... which of course is the best place to be, as the initial euphoric surge higher in stocks tapers to a slow and steady grind as the economy chugs along at a modest pace.</p><p><blockquote>...这当然是最好的地方，因为随着经济以温和的速度突突前进，股市最初的兴奋飙升逐渐减弱为缓慢而稳定的研磨。</blockquote></p><p> But what if he is wrong? After all, yesterday the NBER determined that the covid recession - at just 2 months - was the fastest on record (even as 14 million Americans are out of a job and still collect unemployment benefits) and we are already well into the mid cycle, if not approaching the end.</p><p><blockquote>但如果他错了呢？毕竟，昨天NBER确定，covid衰退——仅2个月——是有记录以来最快的（尽管有1400万美国人失业，但仍在领取失业救济金），我们已经进入了周期的中期，如果不是接近尾声的话。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e47d11bc07779a51cede0a73e7ddf627\" tg-width=\"971\" tg-height=\"562\" width=\"100%\" height=\"auto\">Also it is none other than Wilson's own employer Morgan Stanley, which has also said recently that this cycle will be \"<b>hotter but shorter</b>\" than usual.</p><p><blockquote>此外，正是威尔逊自己的雇主摩根士丹利，该公司最近也表示，这个周期将“<b>更热但更短</b>“比平常多了。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/41879c4f66b33597ee236bdd52841004\" tg-width=\"904\" tg-height=\"490\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Does it not stand to reason then, that the economic cycle is now so truncated - courtesy of $30 trillion in global stimulus - that we have blasted right through the midcycle phase and are now nearing the end?</p><p><blockquote>那么，由于30万亿美元的全球刺激计划，经济周期现在如此缩短，以至于我们已经度过了周期中期阶段，现在接近尾声，这难道不合理吗？</blockquote></p><p> That is the question Deutsche Bank's credit strategist Jim Reid asked overnight, when he described this recovery as \"undoubtedly the most unusual in history with many sectors of the economy already running ahead of their pre-recession trend\" even though several serviced based ones are still well behind though. More importantly, according to Reid and DB economists,<i>the output and employment gap will likely close in the next couple of quarters which will be the quickest for both in observable economic history.</i></p><p><blockquote>这是德意志银行信贷策略师吉姆·里德(Jim Reid)隔夜提出的问题，他将这次复苏描述为“无疑是历史上最不寻常的，许多经济部门已经领先于衰退前的趋势”，尽管一些服务型部门仍然落后。更重要的是，根据Reid和DB经济学家的说法，<i>产出和就业差距可能会在未来几个季度缩小，这将是可观察到的经济史上最快的。</i></blockquote></p><p> Reid then takes a look at where real GDP, nominal GDP, CPI, unemployment, retail sales, equities, household wealth, housing, treasuries and commodities are against all other recoveries for most variables goes back over 100 years. The chart below shows real GDP and as Reid explains, \"for most of these, this current post covid recovery is near the top\"<b>making this recovery neck and neck with the fastest post-WWII expansion.</b></p><p><blockquote>然后，里德研究了实际GDP、名义GDP、CPI、失业率、零售销售、股票、家庭财富、住房、国债和大宗商品与100多年前大多数变量的所有其他复苏相比的情况。下图显示了实际GDP，正如里德所解释的那样，“对于其中大多数来说，当前的新冠疫情后复苏已接近顶峰”<b>使这种复苏与二战后最快的扩张不相上下。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/48279d702e3f7b92c743f063b26661ad\" tg-width=\"868\" tg-height=\"411\" width=\"100%\" height=\"auto\">As Reid puts it, \"clearly this cycle saw a big drawdown due to the pandemic but so did the GFC and its notable that the post-GFC recovery was around the weakest at the same stage\" which begs the question: \"should this be seen as the start of a new cycle or a continuation of the last cycle after a period of covid related hibernation?<b>The answer to this will give us clues as to how long this cycle lasts, future Fed activity, and on the inflationary consequences of the current strong rebound.\"</b></p><p><blockquote>正如里德所说，“很明显，由于疫情，这个周期出现了大幅下降，但GFC也是如此，值得注意的是，后GFC时代的复苏在同一阶段是最弱的”，这就引出了一个问题：“这应该被视为一个新周期的开始，还是在一段与covid相关的冬眠期后上一个周期的延续？<b>这个问题的答案将为我们提供线索，让我们了解这个周期会持续多久、美联储未来的活动以及当前强劲反弹的通胀后果。”</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/what-if-economic-end-cycle\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/what-if-economic-end-cycle","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184882386","content_text":"A few months ago, Morgan Stanley's chief equity strategist Michael Wilson, who also recently emerged as the biggest Wall Street bear warning that the \"rolling corrections\" in themarket presage a 10-20% drop in stocks, summarized the current economic state simply as \"mid cycle\"...\n... which of course is the best place to be, as the initial euphoric surge higher in stocks tapers to a slow and steady grind as the economy chugs along at a modest pace.\nBut what if he is wrong? After all, yesterday the NBER determined that the covid recession - at just 2 months - was the fastest on record (even as 14 million Americans are out of a job and still collect unemployment benefits) and we are already well into the mid cycle, if not approaching the end.\nAlso it is none other than Wilson's own employer Morgan Stanley, which has also said recently that this cycle will be \"hotter but shorter\" than usual.\n\nDoes it not stand to reason then, that the economic cycle is now so truncated - courtesy of $30 trillion in global stimulus - that we have blasted right through the midcycle phase and are now nearing the end?\nThat is the question Deutsche Bank's credit strategist Jim Reid asked overnight, when he described this recovery as \"undoubtedly the most unusual in history with many sectors of the economy already running ahead of their pre-recession trend\" even though several serviced based ones are still well behind though. More importantly, according to Reid and DB economists,the output and employment gap will likely close in the next couple of quarters which will be the quickest for both in observable economic history.\nReid then takes a look at where real GDP, nominal GDP, CPI, unemployment, retail sales, equities, household wealth, housing, treasuries and commodities are against all other recoveries for most variables goes back over 100 years. The chart below shows real GDP and as Reid explains, \"for most of these, this current post covid recovery is near the top\"making this recovery neck and neck with the fastest post-WWII expansion.\nAs Reid puts it, \"clearly this cycle saw a big drawdown due to the pandemic but so did the GFC and its notable that the post-GFC recovery was around the weakest at the same stage\" which begs the question: \"should this be seen as the start of a new cycle or a continuation of the last cycle after a period of covid related hibernation?The answer to this will give us clues as to how long this cycle lasts, future Fed activity, and on the inflationary consequences of the current strong rebound.\"","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}