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2021-07-25

Dang

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2021-06-16

Buy!

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2021-07-01

Good

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2021-05-27

Do comment

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2021-05-23

Oooo

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2021-07-25

Yay

@msmoo:$Walt Disney(DIS)$woo yeah

2021-05-25

Nice

Toplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的营收</blockquote>

2021-06-13

Buy

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2021-05-24

Woohoo

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2021-06-12

Neat

Don’t be fooled — inflation is a big risk for stock market investors. Here’s how to prepare<blockquote>不要被愚弄了——通货膨胀对股市投资者来说是一个很大的风险。以下是如何准备</blockquote>

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20:53","market":"us","language":"en","title":"PPT Assemble: Biden Summons Powell, Yellen, Gensler After Market Rout<blockquote>PPT集会：市场暴跌后拜登召见鲍威尔、耶伦、詹斯勒</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1157580942","media":"zerohedge","summary":"Did President Joe Biden just call an emergency meeting of the PPT after the Dow's worst week in 8 months?","content":"<p>Did President Joe Biden just call an emergency meeting of the PPT?</p><p><blockquote>乔·拜登总统刚刚召开了PPT紧急会议吗？</blockquote></p><p> Bloomberg reported Monday morning that Treasury Secretary Janet Yellen and a coterie of senior financial regulators have been summoned to a meeting with President Biden at the White House<b>following last week's selloff, which marked the worst week for the Dow in eight months.</b></p><p><blockquote>彭博社周一上午报道称，财政部长珍妮特·耶伦和一群高级金融监管机构已被传唤到白宫与拜登总统会面<b>继上周的抛售之后，这标志着道琼斯指数八个月来最糟糕的一周。</b></blockquote></p><p>   Federal Reserve Chief Jerome Powell, Treasury Secretary Janet Yellen, Acting Chairman of the Commodity Futures Trading Commission Rostin Behnam will attend meeting with President Biden today.Attendees also include:  The meeting, set for Tuesday, has been called to<b>discuss \"the state of the country's financial system and institutions\",</b>including discussions of climate risk and \"financial inclusion\".</p><p><blockquote>美联储主席杰罗姆·鲍威尔、财政部长珍妮特·耶伦、商品期货交易委员会代理主席罗斯汀·贝纳姆将出席今天与拜登总统的会议。与会者还包括：定于周二举行的会议已召开<b>讨论“国家金融体系和机构的状况”，</b>包括气候风险和“金融包容性”的讨论。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/370a41562d7254377e2252191c713e20\" tg-width=\"517\" tg-height=\"333\" referrerpolicy=\"no-referrer\">Now that the FOMC has signaled that the 'tapering talk' has finally begun via the latest hawkish tilt in its dot plot, released after the close of last week's two-day policy meeting, it's clear that America's economic policymakers are growing increasingly nervous about market stability, given last week's reaction to the Fed. As Lance Roberts pointed out, the implications of tapering are clear: it's positive for rates, and negative for equities.</p><p><blockquote>既然联邦公开市场委员会（FOMC）通过上周为期两天的政策会议结束后发布的点阵图中最新的鹰派倾向，表明“缩减购债”终于开始了，很明显，美国经济政策制定者对市场越来越紧张。鉴于上周对美联储的反应，稳定。正如兰斯·罗伯茨（Lance Roberts）指出的那样，缩减规模的影响很明显：它对利率有利，对股市不利。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d8e1f7b0023a0bca720afb4bb5822567\" tg-width=\"500\" tg-height=\"249\" referrerpolicy=\"no-referrer\">And with President Biden preparing to raise taxes to finance his \"Build Back Better\" program of \"infrastructure\" investment, it's clearly in the White House's interest to do whatever it can to ensure an orderly market transition to the rising rate regime.</p><p><blockquote>随着拜登总统准备增税为他的“基础设施”投资“重建得更好”计划提供资金，尽一切努力确保市场有序过渡到利率上升制度显然符合白宫的利益。</blockquote></p><p> It's not like the PPT has been entirely absent from markets: wehave already seensuspected PPT interventions this year.</p><p><blockquote>市场上并不是完全没有PPT：今年我们已经看到了可疑的PPT干预措施。</blockquote></p><p> If our instincts are correct, this would markthe first meeting of the PPT since a call to discuss \"market conditions\"held last March as equity markets were in the middle of a brutal (if short-lived) bear market.</p><p><blockquote>如果我们的直觉是正确的，这将标志着自去年3月举行讨论“市场状况”的看涨期权以来PPT的首次会议，当时股市正处于残酷（如果短暂）的熊市之中。</blockquote></p><p> Powell is also expected to testify before Congress tomorrow in his latest testimony on the economy as required by the COVID stimulus.</p><p><blockquote>鲍威尔预计也将于明天在国会就新冠刺激计划的要求提供关于经济的最新证词。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPPT Assemble: Biden Summons Powell, Yellen, Gensler After Market Rout<blockquote>PPT集会：市场暴跌后拜登召见鲍威尔、耶伦、詹斯勒</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-21 20:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Did President Joe Biden just call an emergency meeting of the PPT?</p><p><blockquote>乔·拜登总统刚刚召开了PPT紧急会议吗？</blockquote></p><p> Bloomberg reported Monday morning that Treasury Secretary Janet Yellen and a coterie of senior financial regulators have been summoned to a meeting with President Biden at the White House<b>following last week's selloff, which marked the worst week for the Dow in eight months.</b></p><p><blockquote>彭博社周一上午报道称，财政部长珍妮特·耶伦和一群高级金融监管机构已被传唤到白宫与拜登总统会面<b>继上周的抛售之后，这标志着道琼斯指数八个月来最糟糕的一周。</b></blockquote></p><p>   Federal Reserve Chief Jerome Powell, Treasury Secretary Janet Yellen, Acting Chairman of the Commodity Futures Trading Commission Rostin Behnam will attend meeting with President Biden today.Attendees also include:  The meeting, set for Tuesday, has been called to<b>discuss \"the state of the country's financial system and institutions\",</b>including discussions of climate risk and \"financial inclusion\".</p><p><blockquote>美联储主席杰罗姆·鲍威尔、财政部长珍妮特·耶伦、商品期货交易委员会代理主席罗斯汀·贝纳姆将出席今天与拜登总统的会议。与会者还包括：定于周二举行的会议已召开<b>讨论“国家金融体系和机构的状况”，</b>包括气候风险和“金融包容性”的讨论。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/370a41562d7254377e2252191c713e20\" tg-width=\"517\" tg-height=\"333\" referrerpolicy=\"no-referrer\">Now that the FOMC has signaled that the 'tapering talk' has finally begun via the latest hawkish tilt in its dot plot, released after the close of last week's two-day policy meeting, it's clear that America's economic policymakers are growing increasingly nervous about market stability, given last week's reaction to the Fed. As Lance Roberts pointed out, the implications of tapering are clear: it's positive for rates, and negative for equities.</p><p><blockquote>既然联邦公开市场委员会（FOMC）通过上周为期两天的政策会议结束后发布的点阵图中最新的鹰派倾向，表明“缩减购债”终于开始了，很明显，美国经济政策制定者对市场越来越紧张。鉴于上周对美联储的反应，稳定。正如兰斯·罗伯茨（Lance Roberts）指出的那样，缩减规模的影响很明显：它对利率有利，对股市不利。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d8e1f7b0023a0bca720afb4bb5822567\" tg-width=\"500\" tg-height=\"249\" referrerpolicy=\"no-referrer\">And with President Biden preparing to raise taxes to finance his \"Build Back Better\" program of \"infrastructure\" investment, it's clearly in the White House's interest to do whatever it can to ensure an orderly market transition to the rising rate regime.</p><p><blockquote>随着拜登总统准备增税为他的“基础设施”投资“重建得更好”计划提供资金，尽一切努力确保市场有序过渡到利率上升制度显然符合白宫的利益。</blockquote></p><p> It's not like the PPT has been entirely absent from markets: wehave already seensuspected PPT interventions this year.</p><p><blockquote>市场上并不是完全没有PPT：今年我们已经看到了可疑的PPT干预措施。</blockquote></p><p> If our instincts are correct, this would markthe first meeting of the PPT since a call to discuss \"market conditions\"held last March as equity markets were in the middle of a brutal (if short-lived) bear market.</p><p><blockquote>如果我们的直觉是正确的，这将标志着自去年3月举行讨论“市场状况”的看涨期权以来PPT的首次会议，当时股市正处于残酷（如果短暂）的熊市之中。</blockquote></p><p> Powell is also expected to testify before Congress tomorrow in his latest testimony on the economy as required by the COVID stimulus.</p><p><blockquote>鲍威尔预计也将于明天在国会就新冠刺激计划的要求提供关于经济的最新证词。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/ppt-assemble-biden-summons-powel-yellen-gensler-after-market-rout\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/ppt-assemble-biden-summons-powel-yellen-gensler-after-market-rout","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157580942","content_text":"Did President Joe Biden just call an emergency meeting of the PPT?\nBloomberg reported Monday morning that Treasury Secretary Janet Yellen and a coterie of senior financial regulators have been summoned to a meeting with President Biden at the White Housefollowing last week's selloff, which marked the worst week for the Dow in eight months.\n\n Federal Reserve Chief Jerome Powell, Treasury Secretary Janet Yellen, Acting Chairman of the Commodity Futures Trading Commission Rostin Behnam will attend meeting with President Biden today.Attendees also include:\n\nThe meeting, set for Tuesday, has been called todiscuss \"the state of the country's financial system and institutions\",including discussions of climate risk and \"financial inclusion\".\nNow that the FOMC has signaled that the 'tapering talk' has finally begun via the latest hawkish tilt in its dot plot, released after the close of last week's two-day policy meeting, it's clear that America's economic policymakers are growing increasingly nervous about market stability, given last week's reaction to the Fed. As Lance Roberts pointed out, the implications of tapering are clear: it's positive for rates, and negative for equities.\nAnd with President Biden preparing to raise taxes to finance his \"Build Back Better\" program of \"infrastructure\" investment, it's clearly in the White House's interest to do whatever it can to ensure an orderly market transition to the rising rate regime.\nIt's not like the PPT has been entirely absent from markets: wehave already seensuspected PPT interventions this year.\nIf our instincts are correct, this would markthe first meeting of the PPT since a call to discuss \"market conditions\"held last March as equity markets were in the middle of a brutal (if short-lived) bear market.\nPowell is also expected to testify before Congress tomorrow in his latest testimony on the economy as required by the COVID stimulus.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164876252,"gmtCreate":1624196439176,"gmtModify":1631887338419,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Raise!!!","listText":"Raise!!!","text":"Raise!!!","images":[{"img":"https://static.tigerbbs.com/0771a160437537a64132ea9e7e0612bd","width":"1080","height":"2146"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164876252","isVote":1,"tweetType":1,"viewCount":1654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":161414006,"gmtCreate":1623938142105,"gmtModify":1631884219912,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Just do it","listText":"Just do it","text":"Just do it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161414006","repostId":"2144174158","repostType":4,"isVote":1,"tweetType":1,"viewCount":1501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161416240,"gmtCreate":1623938083080,"gmtModify":1631887338455,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Woohooo","listText":"Woohooo","text":"Woohooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161416240","repostId":"2144174158","repostType":4,"isVote":1,"tweetType":1,"viewCount":1236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169527622,"gmtCreate":1623844296266,"gmtModify":1631887338463,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Buy!","listText":"Buy!","text":"Buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/169527622","repostId":"1139396497","repostType":4,"isVote":1,"tweetType":1,"viewCount":2856,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169528262,"gmtCreate":1623844078756,"gmtModify":1631887338476,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Oooooo","listText":"Oooooo","text":"Oooooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169528262","repostId":"1128941988","repostType":4,"repost":{"id":"1128941988","kind":"news","pubTimestamp":1623841860,"share":"https://www.laohu8.com/m/news/1128941988?lang=zh_CN&edition=full","pubTime":"2021-06-16 19:11","market":"uk","language":"en","title":"Cathay working with Airbus on single-pilot system for long-haul<blockquote>国泰航空与空客合作开发长途单飞行员系统</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128941988","media":"Reuters","summary":"PARIS (Reuters) - Cathay Pacific is working with Airbus to introduce \"reduced crew\" long-haul flight","content":"<p>PARIS (Reuters) - Cathay Pacific is working with Airbus to introduce \"reduced crew\" long-haul flights with a sole pilot in the cockpit much of the time, industry sources told Reuters.</p><p><blockquote>巴黎（路透社）-业内消息人士告诉路透社，国泰航空正在与空中客车公司合作，推出“减少机组人员”的长途航班，驾驶舱大部分时间只有一名飞行员。</blockquote></p><p> The programme, known within Airbus as Project Connect, aims to certify its A350 jet for single-pilot operations during high-altitude cruise, starting in 2025 on Cathay passenger flights, the sources said.</p><p><blockquote>消息人士称，该计划在空客内部被称为Project Connect，旨在认证其A350喷气式飞机在高空巡航期间的单飞行员操作，从2025年开始在国泰客运航班上运行。</blockquote></p><p> High hurdles remain on the path to international acceptance. Once cleared, longer flights would become possible with a pair of pilots alternating rest breaks, instead of the three or four currently needed to maintain at least two in the cockpit.</p><p><blockquote>在获得国际认可的道路上仍然存在很高的障碍。一旦获得批准，更长的飞行将成为可能，两名飞行员交替休息，而不是目前需要三到四名飞行员在驾驶舱内保持至少两名飞行员。</blockquote></p><p> That promises savings for airlines, amid uncertainty over the post-pandemic economics of intercontinental flying. But it is likely to encounter resistance from pilots already hit by mass layoffs, and safety concerns about aircraft automation.</p><p><blockquote>在大流行后洲际飞行经济存在不确定性的情况下，这有望为航空公司节省成本。但它可能会遇到已经受到大规模裁员打击的飞行员的阻力，以及对飞机自动化的安全担忧。</blockquote></p><p> Lufthansa has also worked on the single-pilot programme but currently has no plans to use it, a spokesman for the German carrier told Reuters.</p><p><blockquote>德国汉莎航空公司发言人告诉路透社，该公司也致力于单飞行员计划，但目前没有使用该计划的计划。</blockquote></p><p> Cathay Pacific Airways confirmed its involvement but said no decision had been made on eventual deployment.</p><p><blockquote>国泰航空证实了其参与，但表示尚未就最终部署做出决定。</blockquote></p><p> \"While we are engaging with Airbus in the development of the concept of reduced crew operations, we have not committed in any way to being the launch customer,\" the Hong Kong carrier said.</p><p><blockquote>这家香港航空公司表示：“虽然我们正在与空客合作开发减少机组人员运营的概念，但我们并未以任何方式承诺成为发射客户。”</blockquote></p><p> Commercial implementation would first require extensive testing, regulatory approval and pilot training with \"absolutely no compromise on safety\", Cathay said.</p><p><blockquote>国泰航空表示，商业实施首先需要广泛的测试、监管部门的批准和飞行员培训，“绝对不会损害安全性”。</blockquote></p><p> \"The appropriateness and effectiveness of any such rollout as well as (the) overall cost-benefit analysis (will) ultimately depend on how the pandemic plays out.\"</p><p><blockquote>“任何此类推出的适当性和有效性以及总体成本效益分析最终将取决于大流行的发展情况。”</blockquote></p><p> It added: \"Having said that, we will continue to engage with Airbus and to support development of the concept.\"</p><p><blockquote>它补充道：“话虽如此，我们将继续与空客合作并支持这一概念的发展。”</blockquote></p><p> Airbus has previously disclosed plans to add single-pilot capability to the A350, but the airlines' participation had not been reported. Work has resumed after the COVID-19 crisis paused the programme, Chief Test Pilot Christophe Cail said.</p><p><blockquote>空客此前曾披露过为A350增加单飞行员能力的计划，但尚未报道该航空公司的参与情况。首席试飞员Christophe Cail说，在新冠肺炎危机暂停该项目后，工作已经恢复。</blockquote></p><p> \"We've proven over decades we can enhance safety by putting the latest technology in aircraft,\" Cail told Reuters, declining to identify project partners. \"As for any design evolution, we are working with airlines.\"</p><p><blockquote>“几十年来，我们已经证明，我们可以通过将最新技术应用于飞机来提高安全性，”Cail告诉路透社，但他拒绝透露项目合作伙伴。“至于任何设计演变，我们正在与航空公司合作。”</blockquote></p><p> VITAL SIGNS</p><p><blockquote>生命体征</blockquote></p><p> Safe deployment will require constant monitoring of the solo pilot's alertness and vital signs by on-board systems, the European Union Aviation Safety Agency (EASA) has said.</p><p><blockquote>欧盟航空安全局（EASA）表示，安全部署需要机载系统持续监测单人飞行员的警觉性和生命体征。</blockquote></p><p> If the flight encounters a problem or the pilot flying is incapacitated, the resting copilot can be summoned within minutes. Both remain in the cockpit for take-off and landing.</p><p><blockquote>如果航班遇到问题或正在飞行的飞行员丧失能力，可以在几分钟内召唤正在休息的副驾驶。两人都留在驾驶舱内进行起飞和降落。</blockquote></p><p> \"Typically on long-haul flights when you're at cruise altitude there's very little happening in the cockpit,\" EASA chief Patrick Ky told a German press briefing in January.</p><p><blockquote>EASA负责人帕特里克·基(Patrick Ky)在一月份的德国新闻发布会上表示：“通常在长途航班上，当你处于巡航高度时，驾驶舱内几乎不会发生任何事情。”</blockquote></p><p> \"It makes sense to say OK, instead of having two in the cockpit, we can have one in the cockpit, the other one taking a rest, provided we're implementing technical solutions which make sure that if the single one falls asleep or has any problem, there won't be any unsafe conditions.\"</p><p><blockquote>“说好吧，我们可以让一个在驾驶舱里，另一个休息，而不是在驾驶舱里有两个，前提是我们正在实施技术解决方案，确保如果一个睡着了或者有任何问题，就不会有任何不安全的情况。”</blockquote></p><p> Pilot groups have voiced alarm.</p><p><blockquote>飞行员小组已经发出了警报。</blockquote></p><p> \"We struggle to understand the rationale,\" said Otjan de Bruijn, head of the European Cockpit Association representing EU pilots.</p><p><blockquote>“我们很难理解其中的基本原理，”代表欧盟飞行员的欧洲驾驶舱协会主席Otjan de Bruijn说。</blockquote></p><p> Invoking the 737 MAX crisis, which exposed Boeing's inappropriate links to U.S. regulators, De Bruijn said the programme's cost-cutting approach \"could lead to higher risks\".</p><p><blockquote>De Bruijn援引737 MAX危机表示，该计划的成本削减方法“可能会导致更高的风险”，该危机暴露了波音与美国监管机构的不当联系。</blockquote></p><p> Single-pilot operations, currently limited to planes with up to nine passengers, would need backing from U.N. aviation body ICAO and countries whose airspace they cross. China's support is key to any Cathay deployment.</p><p><blockquote>单飞行员操作目前仅限于最多可容纳9名乘客的飞机，需要联合国航空机构国际民航组织及其所经过领空的国家的支持。中国的支持是国泰任何部署的关键。</blockquote></p><p> EASA plans consultations this year and certification work in 2022, while acknowledging \"significant risk\" to the 2025 launch date, a spokesman said.</p><p><blockquote>一位发言人表示，EASA计划今年进行磋商，2022年进行认证工作，同时承认2025年发射日期存在“重大风险”。</blockquote></p><p> In a closed-door industry briefing this year, the agency suggested reduced-crew flights would begin with a single operator, according to notes of the meeting reviewed by Reuters.</p><p><blockquote>根据路透社查阅的会议记录，在今年的一次闭门行业简报中，该机构建议减少机组人员的航班将从单一运营商开始。</blockquote></p><p> EMERGENCY DESCENT</p><p><blockquote>紧急下降</blockquote></p><p> Airbus has designed an A350 autopilot upgrade and flight warning system changes to help a lone pilot manage failures, sources close to the project said.</p><p><blockquote>接近该项目的消息人士称，空中客车公司设计了A350自动驾驶仪升级和飞行警告系统变更，以帮助孤独的飞行员管理故障。</blockquote></p><p> The mid-sized plane is suitable because of its \"emergency descent\" feature that quickly reduces altitude without pilot input in the event of cabin depressurisation.</p><p><blockquote>中型飞机是合适的，因为它的“紧急下降”功能，在机舱减压的情况下，无需飞行员输入即可快速降低高度。</blockquote></p><p> Proponents suggest single-pilot operations may be accepted by a flying public used to crew leaving the cockpit for bathroom breaks. They also point to higher error rates from human pilots than automated systems.</p><p><blockquote>支持者建议，习惯机组人员离开驾驶舱去洗手间休息的飞行公众可能会接受单飞行员操作。他们还指出，人类飞行员的错误率高于自动化系统。</blockquote></p><p> Both arguments miss the point, according to a source close to Lufthansa - who said the airline's executives were advised last year that the programme could not meet safety goals.</p><p><blockquote>据一位接近汉莎航空的消息人士称，这两种说法都没有抓住要点，他表示，该航空公司的高管去年被告知该计划无法达到安全目标。</blockquote></p><p></p><p> Flying solo for hours is a \"completely different story\", the source said, citing the 2009 AF447 disaster as an example of malfunctions occurring in cruise. The Air France A330's copilots lost control after its speed sensors failed over the Atlantic, while the captain was resting.</p><p><blockquote>消息人士称，单飞数小时是“完全不同的故事”，并引用2009年AF447灾难作为巡航中发生故障的例子。法航A330的副驾驶在大西洋上空速度传感器出现故障后失去控制，当时机长正在休息。</blockquote></p><p> \"Airbus would have had to make sure every situation can be handled autonomously without any pilot input for 15 minutes,\" the source said. \"And that couldn't be guaranteed.\"</p><p><blockquote>消息人士称：“空客必须确保每种情况都可以在15分钟内在没有任何飞行员输入的情况下自主处理。”“这是无法保证的。”</blockquote></p><p> Lufthansa has not withdrawn from Project Connect and remains involved as an adviser, its spokesman said.</p><p><blockquote>汉莎航空发言人表示，汉莎航空尚未退出Project Connect，仍作为顾问参与其中。</blockquote></p><p> While the airline has no plans to deploy single-pilot operations, he added, \"the suggestion that Lufthansa was an essential part of the project and then pulled back is not true.\"</p><p><blockquote>他补充说，虽然该航空公司没有部署单飞行员运营的计划，但“汉莎航空是该项目的重要组成部分然后又撤回的说法并不属实。”</blockquote></p><p> Single-pilot capability would add an A350 sales argument, experts say, and rival Boeing lacks an equivalent model with sufficient automation.</p><p><blockquote>专家表示，单飞行员能力将增加A350的销售理由，而竞争对手波音公司缺乏具有足够自动化的同等型号。</blockquote></p><p> Filippo Tomasello, a former EASA official, said the payroll and accommodation savings for long-haul crew would not be lost on airlines.</p><p><blockquote>前EASA官员Filippo Tomasello表示，航空公司不会损失长途机组人员的工资和住宿节省。</blockquote></p><p> \"COVID may end up accelerating this evolution because it's putting tremendous economic pressure on aviation,\" Tomasello predicted.</p><p><blockquote>托马塞洛预测：“新冠疫情最终可能会加速这种演变，因为它给航空业带来了巨大的经济压力。”</blockquote></p><p> \"If EASA certifies this solution, airlines will use it.\"</p><p><blockquote>“如果EASA认证了这个解决方案，航空公司就会使用它。”</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathay working with Airbus on single-pilot system for long-haul<blockquote>国泰航空与空客合作开发长途单飞行员系统</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-06-16 19:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>PARIS (Reuters) - Cathay Pacific is working with Airbus to introduce \"reduced crew\" long-haul flights with a sole pilot in the cockpit much of the time, industry sources told Reuters.</p><p><blockquote>巴黎（路透社）-业内消息人士告诉路透社，国泰航空正在与空中客车公司合作，推出“减少机组人员”的长途航班，驾驶舱大部分时间只有一名飞行员。</blockquote></p><p> The programme, known within Airbus as Project Connect, aims to certify its A350 jet for single-pilot operations during high-altitude cruise, starting in 2025 on Cathay passenger flights, the sources said.</p><p><blockquote>消息人士称，该计划在空客内部被称为Project Connect，旨在认证其A350喷气式飞机在高空巡航期间的单飞行员操作，从2025年开始在国泰客运航班上运行。</blockquote></p><p> High hurdles remain on the path to international acceptance. Once cleared, longer flights would become possible with a pair of pilots alternating rest breaks, instead of the three or four currently needed to maintain at least two in the cockpit.</p><p><blockquote>在获得国际认可的道路上仍然存在很高的障碍。一旦获得批准，更长的飞行将成为可能，两名飞行员交替休息，而不是目前需要三到四名飞行员在驾驶舱内保持至少两名飞行员。</blockquote></p><p> That promises savings for airlines, amid uncertainty over the post-pandemic economics of intercontinental flying. But it is likely to encounter resistance from pilots already hit by mass layoffs, and safety concerns about aircraft automation.</p><p><blockquote>在大流行后洲际飞行经济存在不确定性的情况下，这有望为航空公司节省成本。但它可能会遇到已经受到大规模裁员打击的飞行员的阻力，以及对飞机自动化的安全担忧。</blockquote></p><p> Lufthansa has also worked on the single-pilot programme but currently has no plans to use it, a spokesman for the German carrier told Reuters.</p><p><blockquote>德国汉莎航空公司发言人告诉路透社，该公司也致力于单飞行员计划，但目前没有使用该计划的计划。</blockquote></p><p> Cathay Pacific Airways confirmed its involvement but said no decision had been made on eventual deployment.</p><p><blockquote>国泰航空证实了其参与，但表示尚未就最终部署做出决定。</blockquote></p><p> \"While we are engaging with Airbus in the development of the concept of reduced crew operations, we have not committed in any way to being the launch customer,\" the Hong Kong carrier said.</p><p><blockquote>这家香港航空公司表示：“虽然我们正在与空客合作开发减少机组人员运营的概念，但我们并未以任何方式承诺成为发射客户。”</blockquote></p><p> Commercial implementation would first require extensive testing, regulatory approval and pilot training with \"absolutely no compromise on safety\", Cathay said.</p><p><blockquote>国泰航空表示，商业实施首先需要广泛的测试、监管部门的批准和飞行员培训，“绝对不会损害安全性”。</blockquote></p><p> \"The appropriateness and effectiveness of any such rollout as well as (the) overall cost-benefit analysis (will) ultimately depend on how the pandemic plays out.\"</p><p><blockquote>“任何此类推出的适当性和有效性以及总体成本效益分析最终将取决于大流行的发展情况。”</blockquote></p><p> It added: \"Having said that, we will continue to engage with Airbus and to support development of the concept.\"</p><p><blockquote>它补充道：“话虽如此，我们将继续与空客合作并支持这一概念的发展。”</blockquote></p><p> Airbus has previously disclosed plans to add single-pilot capability to the A350, but the airlines' participation had not been reported. Work has resumed after the COVID-19 crisis paused the programme, Chief Test Pilot Christophe Cail said.</p><p><blockquote>空客此前曾披露过为A350增加单飞行员能力的计划，但尚未报道该航空公司的参与情况。首席试飞员Christophe Cail说，在新冠肺炎危机暂停该项目后，工作已经恢复。</blockquote></p><p> \"We've proven over decades we can enhance safety by putting the latest technology in aircraft,\" Cail told Reuters, declining to identify project partners. \"As for any design evolution, we are working with airlines.\"</p><p><blockquote>“几十年来，我们已经证明，我们可以通过将最新技术应用于飞机来提高安全性，”Cail告诉路透社，但他拒绝透露项目合作伙伴。“至于任何设计演变，我们正在与航空公司合作。”</blockquote></p><p> VITAL SIGNS</p><p><blockquote>生命体征</blockquote></p><p> Safe deployment will require constant monitoring of the solo pilot's alertness and vital signs by on-board systems, the European Union Aviation Safety Agency (EASA) has said.</p><p><blockquote>欧盟航空安全局（EASA）表示，安全部署需要机载系统持续监测单人飞行员的警觉性和生命体征。</blockquote></p><p> If the flight encounters a problem or the pilot flying is incapacitated, the resting copilot can be summoned within minutes. Both remain in the cockpit for take-off and landing.</p><p><blockquote>如果航班遇到问题或正在飞行的飞行员丧失能力，可以在几分钟内召唤正在休息的副驾驶。两人都留在驾驶舱内进行起飞和降落。</blockquote></p><p> \"Typically on long-haul flights when you're at cruise altitude there's very little happening in the cockpit,\" EASA chief Patrick Ky told a German press briefing in January.</p><p><blockquote>EASA负责人帕特里克·基(Patrick Ky)在一月份的德国新闻发布会上表示：“通常在长途航班上，当你处于巡航高度时，驾驶舱内几乎不会发生任何事情。”</blockquote></p><p> \"It makes sense to say OK, instead of having two in the cockpit, we can have one in the cockpit, the other one taking a rest, provided we're implementing technical solutions which make sure that if the single one falls asleep or has any problem, there won't be any unsafe conditions.\"</p><p><blockquote>“说好吧，我们可以让一个在驾驶舱里，另一个休息，而不是在驾驶舱里有两个，前提是我们正在实施技术解决方案，确保如果一个睡着了或者有任何问题，就不会有任何不安全的情况。”</blockquote></p><p> Pilot groups have voiced alarm.</p><p><blockquote>飞行员小组已经发出了警报。</blockquote></p><p> \"We struggle to understand the rationale,\" said Otjan de Bruijn, head of the European Cockpit Association representing EU pilots.</p><p><blockquote>“我们很难理解其中的基本原理，”代表欧盟飞行员的欧洲驾驶舱协会主席Otjan de Bruijn说。</blockquote></p><p> Invoking the 737 MAX crisis, which exposed Boeing's inappropriate links to U.S. regulators, De Bruijn said the programme's cost-cutting approach \"could lead to higher risks\".</p><p><blockquote>De Bruijn援引737 MAX危机表示，该计划的成本削减方法“可能会导致更高的风险”，该危机暴露了波音与美国监管机构的不当联系。</blockquote></p><p> Single-pilot operations, currently limited to planes with up to nine passengers, would need backing from U.N. aviation body ICAO and countries whose airspace they cross. China's support is key to any Cathay deployment.</p><p><blockquote>单飞行员操作目前仅限于最多可容纳9名乘客的飞机，需要联合国航空机构国际民航组织及其所经过领空的国家的支持。中国的支持是国泰任何部署的关键。</blockquote></p><p> EASA plans consultations this year and certification work in 2022, while acknowledging \"significant risk\" to the 2025 launch date, a spokesman said.</p><p><blockquote>一位发言人表示，EASA计划今年进行磋商，2022年进行认证工作，同时承认2025年发射日期存在“重大风险”。</blockquote></p><p> In a closed-door industry briefing this year, the agency suggested reduced-crew flights would begin with a single operator, according to notes of the meeting reviewed by Reuters.</p><p><blockquote>根据路透社查阅的会议记录，在今年的一次闭门行业简报中，该机构建议减少机组人员的航班将从单一运营商开始。</blockquote></p><p> EMERGENCY DESCENT</p><p><blockquote>紧急下降</blockquote></p><p> Airbus has designed an A350 autopilot upgrade and flight warning system changes to help a lone pilot manage failures, sources close to the project said.</p><p><blockquote>接近该项目的消息人士称，空中客车公司设计了A350自动驾驶仪升级和飞行警告系统变更，以帮助孤独的飞行员管理故障。</blockquote></p><p> The mid-sized plane is suitable because of its \"emergency descent\" feature that quickly reduces altitude without pilot input in the event of cabin depressurisation.</p><p><blockquote>中型飞机是合适的，因为它的“紧急下降”功能，在机舱减压的情况下，无需飞行员输入即可快速降低高度。</blockquote></p><p> Proponents suggest single-pilot operations may be accepted by a flying public used to crew leaving the cockpit for bathroom breaks. They also point to higher error rates from human pilots than automated systems.</p><p><blockquote>支持者建议，习惯机组人员离开驾驶舱去洗手间休息的飞行公众可能会接受单飞行员操作。他们还指出，人类飞行员的错误率高于自动化系统。</blockquote></p><p> Both arguments miss the point, according to a source close to Lufthansa - who said the airline's executives were advised last year that the programme could not meet safety goals.</p><p><blockquote>据一位接近汉莎航空的消息人士称，这两种说法都没有抓住要点，他表示，该航空公司的高管去年被告知该计划无法达到安全目标。</blockquote></p><p></p><p> Flying solo for hours is a \"completely different story\", the source said, citing the 2009 AF447 disaster as an example of malfunctions occurring in cruise. The Air France A330's copilots lost control after its speed sensors failed over the Atlantic, while the captain was resting.</p><p><blockquote>消息人士称，单飞数小时是“完全不同的故事”，并引用2009年AF447灾难作为巡航中发生故障的例子。法航A330的副驾驶在大西洋上空速度传感器出现故障后失去控制，当时机长正在休息。</blockquote></p><p> \"Airbus would have had to make sure every situation can be handled autonomously without any pilot input for 15 minutes,\" the source said. \"And that couldn't be guaranteed.\"</p><p><blockquote>消息人士称：“空客必须确保每种情况都可以在15分钟内在没有任何飞行员输入的情况下自主处理。”“这是无法保证的。”</blockquote></p><p> Lufthansa has not withdrawn from Project Connect and remains involved as an adviser, its spokesman said.</p><p><blockquote>汉莎航空发言人表示，汉莎航空尚未退出Project Connect，仍作为顾问参与其中。</blockquote></p><p> While the airline has no plans to deploy single-pilot operations, he added, \"the suggestion that Lufthansa was an essential part of the project and then pulled back is not true.\"</p><p><blockquote>他补充说，虽然该航空公司没有部署单飞行员运营的计划，但“汉莎航空是该项目的重要组成部分然后又撤回的说法并不属实。”</blockquote></p><p> Single-pilot capability would add an A350 sales argument, experts say, and rival Boeing lacks an equivalent model with sufficient automation.</p><p><blockquote>专家表示，单飞行员能力将增加A350的销售理由，而竞争对手波音公司缺乏具有足够自动化的同等型号。</blockquote></p><p> Filippo Tomasello, a former EASA official, said the payroll and accommodation savings for long-haul crew would not be lost on airlines.</p><p><blockquote>前EASA官员Filippo Tomasello表示，航空公司不会损失长途机组人员的工资和住宿节省。</blockquote></p><p> \"COVID may end up accelerating this evolution because it's putting tremendous economic pressure on aviation,\" Tomasello predicted.</p><p><blockquote>托马塞洛预测：“新冠疫情最终可能会加速这种演变，因为它给航空业带来了巨大的经济压力。”</blockquote></p><p> \"If EASA certifies this solution, airlines will use it.\"</p><p><blockquote>“如果EASA认证了这个解决方案，航空公司就会使用它。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/exclusive-cathay-working-airbus-single-110037523.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"0KVV.UK":"空中客车集团"},"source_url":"https://finance.yahoo.com/news/exclusive-cathay-working-airbus-single-110037523.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128941988","content_text":"PARIS (Reuters) - Cathay Pacific is working with Airbus to introduce \"reduced crew\" long-haul flights with a sole pilot in the cockpit much of the time, industry sources told Reuters.\nThe programme, known within Airbus as Project Connect, aims to certify its A350 jet for single-pilot operations during high-altitude cruise, starting in 2025 on Cathay passenger flights, the sources said.\nHigh hurdles remain on the path to international acceptance. Once cleared, longer flights would become possible with a pair of pilots alternating rest breaks, instead of the three or four currently needed to maintain at least two in the cockpit.\nThat promises savings for airlines, amid uncertainty over the post-pandemic economics of intercontinental flying. But it is likely to encounter resistance from pilots already hit by mass layoffs, and safety concerns about aircraft automation.\nLufthansa has also worked on the single-pilot programme but currently has no plans to use it, a spokesman for the German carrier told Reuters.\nCathay Pacific Airways confirmed its involvement but said no decision had been made on eventual deployment.\n\"While we are engaging with Airbus in the development of the concept of reduced crew operations, we have not committed in any way to being the launch customer,\" the Hong Kong carrier said.\nCommercial implementation would first require extensive testing, regulatory approval and pilot training with \"absolutely no compromise on safety\", Cathay said.\n\"The appropriateness and effectiveness of any such rollout as well as (the) overall cost-benefit analysis (will) ultimately depend on how the pandemic plays out.\"\nIt added: \"Having said that, we will continue to engage with Airbus and to support development of the concept.\"\nAirbus has previously disclosed plans to add single-pilot capability to the A350, but the airlines' participation had not been reported. Work has resumed after the COVID-19 crisis paused the programme, Chief Test Pilot Christophe Cail said.\n\"We've proven over decades we can enhance safety by putting the latest technology in aircraft,\" Cail told Reuters, declining to identify project partners. \"As for any design evolution, we are working with airlines.\"\nVITAL SIGNS\nSafe deployment will require constant monitoring of the solo pilot's alertness and vital signs by on-board systems, the European Union Aviation Safety Agency (EASA) has said.\nIf the flight encounters a problem or the pilot flying is incapacitated, the resting copilot can be summoned within minutes. Both remain in the cockpit for take-off and landing.\n\"Typically on long-haul flights when you're at cruise altitude there's very little happening in the cockpit,\" EASA chief Patrick Ky told a German press briefing in January.\n\"It makes sense to say OK, instead of having two in the cockpit, we can have one in the cockpit, the other one taking a rest, provided we're implementing technical solutions which make sure that if the single one falls asleep or has any problem, there won't be any unsafe conditions.\"\nPilot groups have voiced alarm.\n\"We struggle to understand the rationale,\" said Otjan de Bruijn, head of the European Cockpit Association representing EU pilots.\nInvoking the 737 MAX crisis, which exposed Boeing's inappropriate links to U.S. regulators, De Bruijn said the programme's cost-cutting approach \"could lead to higher risks\".\nSingle-pilot operations, currently limited to planes with up to nine passengers, would need backing from U.N. aviation body ICAO and countries whose airspace they cross. China's support is key to any Cathay deployment.\nEASA plans consultations this year and certification work in 2022, while acknowledging \"significant risk\" to the 2025 launch date, a spokesman said.\nIn a closed-door industry briefing this year, the agency suggested reduced-crew flights would begin with a single operator, according to notes of the meeting reviewed by Reuters.\nEMERGENCY DESCENT\nAirbus has designed an A350 autopilot upgrade and flight warning system changes to help a lone pilot manage failures, sources close to the project said.\nThe mid-sized plane is suitable because of its \"emergency descent\" feature that quickly reduces altitude without pilot input in the event of cabin depressurisation.\nProponents suggest single-pilot operations may be accepted by a flying public used to crew leaving the cockpit for bathroom breaks. They also point to higher error rates from human pilots than automated systems.\nBoth arguments miss the point, according to a source close to Lufthansa - who said the airline's executives were advised last year that the programme could not meet safety goals.\nFlying solo for hours is a \"completely different story\", the source said, citing the 2009 AF447 disaster as an example of malfunctions occurring in cruise. The Air France A330's copilots lost control after its speed sensors failed over the Atlantic, while the captain was resting.\n\"Airbus would have had to make sure every situation can be handled autonomously without any pilot input for 15 minutes,\" the source said. \"And that couldn't be guaranteed.\"\nLufthansa has not withdrawn from Project Connect and remains involved as an adviser, its spokesman said.\nWhile the airline has no plans to deploy single-pilot operations, he added, \"the suggestion that Lufthansa was an essential part of the project and then pulled back is not true.\"\nSingle-pilot capability would add an A350 sales argument, experts say, and rival Boeing lacks an equivalent model with sufficient automation.\nFilippo Tomasello, a former EASA official, said the payroll and accommodation savings for long-haul crew would not be lost on airlines.\n\"COVID may end up accelerating this evolution because it's putting tremendous economic pressure on aviation,\" Tomasello predicted.\n\"If EASA certifies this solution, airlines will use it.\"","news_type":1,"symbols_score_info":{"0KVV.UK":0.9,"EADSF":0.9}},"isVote":1,"tweetType":1,"viewCount":647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187354635,"gmtCreate":1623743587527,"gmtModify":1631890327647,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Oooooo","listText":"Oooooo","text":"Oooooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/187354635","repostId":"1183190766","repostType":4,"repost":{"id":"1183190766","kind":"news","pubTimestamp":1623740790,"share":"https://www.laohu8.com/m/news/1183190766?lang=zh_CN&edition=full","pubTime":"2021-06-15 15:06","market":"us","language":"en","title":"Big-Tech & Bitcoin Pumped As Banks, Bonds, & Bullion Dumped<blockquote>随着银行、债券和金条的抛售，大型科技公司和比特币股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183190766","media":"zerohedge","summary":"Big-tech was bid as soon as the cash market opened and both Small Caps (Russell 2000) and Big-Caps (","content":"<p>Big-tech was bid as soon as the cash market opened and both Small Caps (Russell 2000) and Big-Caps (Dow Industrials) were dumped with the S&amp;P under water most of the day until the late day panic-bid hit as the<b>gamma-meltup struck</b>...</p><p><blockquote>现货市场一开盘，大型科技股就被竞标，小盘股（罗素2000指数）和大盘股（道指工业指数）都被抛售，标准普尔指数全天大部分时间都处于水下，直到尾盘恐慌性竞标袭来。<b>伽马熔化撞击</b>...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a7b2e9a8b272b493af999d0ceae800b8\" tg-width=\"500\" tg-height=\"293\">That's a record close for the S&amp;P and Nasdaq thanks to this utterly ridiculous meltup...</p><p><blockquote>由于这种完全荒谬的融合，这是标准普尔和纳斯达克创纪录的收盘价...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8111401f1c57064e42f7db7836fc08f4\" tg-width=\"500\" tg-height=\"283\">The Nasdaq's outperformance pushed it to its highest relative to The Dow since April...</p><p><blockquote>纳斯达克的优异表现使其相对于道琼斯指数升至4月份以来的最高水平...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/58a5974b095ffdd321cc0542d8e79f9c\" tg-width=\"500\" tg-height=\"270\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Lordstown Motors was clubbed like a baby seal today as its CEO/CFO abandoned ship...</p><p><blockquote>洛兹敦汽车公司今天像小海豹一样被打了一顿，因为它的首席执行官/首席财务官弃船了...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25e0168b578ceffd190a198be1dc12fc\" tg-width=\"500\" tg-height=\"305\">Retail traders were back buying today...</p><p><blockquote>散户交易者今天又开始买入...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/23530164a0be04b223851688d160207d\" tg-width=\"500\" tg-height=\"270\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Elon Musk's ability to influence crypto is as evident as ever as he tweeted that he is not full of FUD and bitcoin ripped over 10% higher (helped by PTJ's positive perspective on crypto in an inflationary environment)...</p><p><blockquote>Elon Musk影响加密货币的能力一如既往地明显，他在推特上表示，他并不充满FUD，比特币股价上涨了10%以上（得益于PTJ在通胀环境下对加密货币的积极看法）...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e08afe4b38b0f2ae3f7156be3ebfd3b2\" tg-width=\"500\" tg-height=\"273\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> JPM's Dimon spooked bank stocks even further - despite rising yields today...</p><p><blockquote>摩根大通的戴蒙进一步吓坏了银行股——尽管今天收益率上升……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/18e0c996017633d636ae90deef9014c1\" tg-width=\"500\" tg-height=\"271\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Uranium/Nuclear-related stocks tumbled on the China Nuke emissions headlines...</p><p><blockquote>铀/核相关股票因中国核排放头条而暴跌...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1a356aabbf1d4f837b7ba2bce85cc222\" tg-width=\"500\" tg-height=\"272\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> VIX jumped back above 17 intraday...</p><p><blockquote>VIX盘中跳回17上方...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e43410dc971e3e8776003333e0e28f3\" tg-width=\"500\" tg-height=\"283\"><b>S&amp;P 500 Realized vol has tumbled to its lowest since Nov 2019...</b></p><p><blockquote><b>标普500意识到vol已跌至2019年11月以来的最低水平...</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/01d778bf240b8823a5bb1e6c028dd3ef\" tg-width=\"500\" tg-height=\"292\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Will The Fed's \"most important meeting in years\" this week get it moving?</p><p><blockquote>美联储本周的“多年来最重要的会议”会推动这一进程吗？</blockquote></p><p> Treasuries were sold today, erasing more of the gains from Thursday's CPI malarkey. The short-end yield rose 1-2bps, the long-end yields rose 4-5bps...</p><p><blockquote>今天美国国债遭到抛售，抹去了周四CPI说大话带来的更多涨幅。短端收益率上升1-2bps，长端收益率上升4-5bps...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1ef5c4ac58ce44530cd76f5bcee30b4c\" tg-width=\"500\" tg-height=\"272\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> We note that 10Y yields hit 1.50% and the selloff stalled...</p><p><blockquote>我们注意到10年期国债收益率触及1.50%，抛售陷入停滞……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b4b856ca9fe863397f4654ab0fe9c498\" tg-width=\"500\" tg-height=\"274\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Amid all the chatter on inflation, breakevens went nowhere at all...</p><p><blockquote>在所有关于通货膨胀的讨论中，盈亏平衡根本没有任何进展……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e0c3a45693e92514889b7f5996325660\" tg-width=\"500\" tg-height=\"271\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> The Dollar trod water after spiking Friday up to fill the payrolls gap down...</p><p><blockquote>美元在周五飙升以填补就业缺口后下跌...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5878dae244b0a9c90c95c121c6e18ec1\" tg-width=\"500\" tg-height=\"273\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Gold ended the day lower despite the dollar going nowhere...</p><p><blockquote>尽管美元毫无进展，但黄金收盘走低...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f17e358c769f54cac481cec61ed19b7f\" tg-width=\"500\" tg-height=\"283\">Oil prices rollercoasted on the day but ended unchanged with WTI pushing up near $71.80 at its highs...</p><p><blockquote>油价当天大幅上涨，但收盘持平，WTI升至71.80美元附近的高点...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/46c8f08f012d23ff95f167708c2598f7\" tg-width=\"500\" tg-height=\"282\">Finally, if you're wondering why people are buying USTs again... here's one reason...<b>5Y greek debt is now trading at a negative yield (yes, really)</b>... so which would you rather own 5Y UST at 75bps or 5Y GGB at -0.4bps!?</p><p><blockquote>最后，如果你想知道为什么人们再次购买UST...这里有一个原因...<b>5年期希腊债务目前收益率为负（是的，确实如此）</b>...那么，您更愿意以75个基点持有5年期UST还是以-0.4个基点持有5年期GGB！？</blockquote></p><p> <img src=\"https://static.tigerbbs.com/89cc32e484870131a463b81b2307f870\" tg-width=\"500\" tg-height=\"270\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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}\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\">\nBig-Tech & Bitcoin Pumped As Banks, Bonds, & Bullion Dumped<blockquote>随着银行、债券和金条的抛售，大型科技公司和比特币股价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 15:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Big-tech was bid as soon as the cash market opened and both Small Caps (Russell 2000) and Big-Caps (Dow Industrials) were dumped with the S&amp;P under water most of the day until the late day panic-bid hit as the<b>gamma-meltup struck</b>...</p><p><blockquote>现货市场一开盘，大型科技股就被竞标，小盘股（罗素2000指数）和大盘股（道指工业指数）都被抛售，标准普尔指数全天大部分时间都处于水下，直到尾盘恐慌性竞标袭来。<b>伽马熔化撞击</b>...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a7b2e9a8b272b493af999d0ceae800b8\" tg-width=\"500\" tg-height=\"293\">That's a record close for the S&amp;P and Nasdaq thanks to this utterly ridiculous meltup...</p><p><blockquote>由于这种完全荒谬的融合，这是标准普尔和纳斯达克创纪录的收盘价...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8111401f1c57064e42f7db7836fc08f4\" tg-width=\"500\" tg-height=\"283\">The Nasdaq's outperformance pushed it to its highest relative to The Dow since April...</p><p><blockquote>纳斯达克的优异表现使其相对于道琼斯指数升至4月份以来的最高水平...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/58a5974b095ffdd321cc0542d8e79f9c\" tg-width=\"500\" tg-height=\"270\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Lordstown Motors was clubbed like a baby seal today as its CEO/CFO abandoned ship...</p><p><blockquote>洛兹敦汽车公司今天像小海豹一样被打了一顿，因为它的首席执行官/首席财务官弃船了...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25e0168b578ceffd190a198be1dc12fc\" tg-width=\"500\" tg-height=\"305\">Retail traders were back buying today...</p><p><blockquote>散户交易者今天又开始买入...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/23530164a0be04b223851688d160207d\" tg-width=\"500\" tg-height=\"270\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Elon Musk's ability to influence crypto is as evident as ever as he tweeted that he is not full of FUD and bitcoin ripped over 10% higher (helped by PTJ's positive perspective on crypto in an inflationary environment)...</p><p><blockquote>Elon Musk影响加密货币的能力一如既往地明显，他在推特上表示，他并不充满FUD，比特币股价上涨了10%以上（得益于PTJ在通胀环境下对加密货币的积极看法）...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e08afe4b38b0f2ae3f7156be3ebfd3b2\" tg-width=\"500\" tg-height=\"273\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> JPM's Dimon spooked bank stocks even further - despite rising yields today...</p><p><blockquote>摩根大通的戴蒙进一步吓坏了银行股——尽管今天收益率上升……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/18e0c996017633d636ae90deef9014c1\" tg-width=\"500\" tg-height=\"271\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Uranium/Nuclear-related stocks tumbled on the China Nuke emissions headlines...</p><p><blockquote>铀/核相关股票因中国核排放头条而暴跌...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1a356aabbf1d4f837b7ba2bce85cc222\" tg-width=\"500\" tg-height=\"272\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> VIX jumped back above 17 intraday...</p><p><blockquote>VIX盘中跳回17上方...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6e43410dc971e3e8776003333e0e28f3\" tg-width=\"500\" tg-height=\"283\"><b>S&amp;P 500 Realized vol has tumbled to its lowest since Nov 2019...</b></p><p><blockquote><b>标普500意识到vol已跌至2019年11月以来的最低水平...</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/01d778bf240b8823a5bb1e6c028dd3ef\" tg-width=\"500\" tg-height=\"292\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Will The Fed's \"most important meeting in years\" this week get it moving?</p><p><blockquote>美联储本周的“多年来最重要的会议”会推动这一进程吗？</blockquote></p><p> Treasuries were sold today, erasing more of the gains from Thursday's CPI malarkey. The short-end yield rose 1-2bps, the long-end yields rose 4-5bps...</p><p><blockquote>今天美国国债遭到抛售，抹去了周四CPI说大话带来的更多涨幅。短端收益率上升1-2bps，长端收益率上升4-5bps...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1ef5c4ac58ce44530cd76f5bcee30b4c\" tg-width=\"500\" tg-height=\"272\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> We note that 10Y yields hit 1.50% and the selloff stalled...</p><p><blockquote>我们注意到10年期国债收益率触及1.50%，抛售陷入停滞……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b4b856ca9fe863397f4654ab0fe9c498\" tg-width=\"500\" tg-height=\"274\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Amid all the chatter on inflation, breakevens went nowhere at all...</p><p><blockquote>在所有关于通货膨胀的讨论中，盈亏平衡根本没有任何进展……</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e0c3a45693e92514889b7f5996325660\" tg-width=\"500\" tg-height=\"271\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> The Dollar trod water after spiking Friday up to fill the payrolls gap down...</p><p><blockquote>美元在周五飙升以填补就业缺口后下跌...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5878dae244b0a9c90c95c121c6e18ec1\" tg-width=\"500\" tg-height=\"273\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p> Gold ended the day lower despite the dollar going nowhere...</p><p><blockquote>尽管美元毫无进展，但黄金收盘走低...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f17e358c769f54cac481cec61ed19b7f\" tg-width=\"500\" tg-height=\"283\">Oil prices rollercoasted on the day but ended unchanged with WTI pushing up near $71.80 at its highs...</p><p><blockquote>油价当天大幅上涨，但收盘持平，WTI升至71.80美元附近的高点...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/46c8f08f012d23ff95f167708c2598f7\" tg-width=\"500\" tg-height=\"282\">Finally, if you're wondering why people are buying USTs again... here's one reason...<b>5Y greek debt is now trading at a negative yield (yes, really)</b>... so which would you rather own 5Y UST at 75bps or 5Y GGB at -0.4bps!?</p><p><blockquote>最后，如果你想知道为什么人们再次购买UST...这里有一个原因...<b>5年期希腊债务目前收益率为负（是的，确实如此）</b>...那么，您更愿意以75个基点持有5年期UST还是以-0.4个基点持有5年期GGB！？</blockquote></p><p> <img src=\"https://static.tigerbbs.com/89cc32e484870131a463b81b2307f870\" tg-width=\"500\" tg-height=\"270\"><i>Source: Bloomberg</i></p><p><blockquote><i>资料来源：彭博社</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/big-tech-bitcoin-pumped-banks-bonds-bullion-dumped\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/big-tech-bitcoin-pumped-banks-bonds-bullion-dumped","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183190766","content_text":"Big-tech was bid as soon as the cash market opened and both Small Caps (Russell 2000) and Big-Caps (Dow Industrials) were dumped with the S&P under water most of the day until the late day panic-bid hit as thegamma-meltup struck...\nThat's a record close for the S&P and Nasdaq thanks to this utterly ridiculous meltup...\nThe Nasdaq's outperformance pushed it to its highest relative to The Dow since April...\nSource: Bloomberg\nLordstown Motors was clubbed like a baby seal today as its CEO/CFO abandoned ship...\nRetail traders were back buying today...\nSource: Bloomberg\nElon Musk's ability to influence crypto is as evident as ever as he tweeted that he is not full of FUD and bitcoin ripped over 10% higher (helped by PTJ's positive perspective on crypto in an inflationary environment)...\nSource: Bloomberg\nJPM's Dimon spooked bank stocks even further - despite rising yields today...\nSource: Bloomberg\nUranium/Nuclear-related stocks tumbled on the China Nuke emissions headlines...\nSource: Bloomberg\nVIX jumped back above 17 intraday...\nS&P 500 Realized vol has tumbled to its lowest since Nov 2019...\nSource: Bloomberg\nWill The Fed's \"most important meeting in years\" this week get it moving?\nTreasuries were sold today, erasing more of the gains from Thursday's CPI malarkey. The short-end yield rose 1-2bps, the long-end yields rose 4-5bps...\nSource: Bloomberg\nWe note that 10Y yields hit 1.50% and the selloff stalled...\nSource: Bloomberg\nAmid all the chatter on inflation, breakevens went nowhere at all...\nSource: Bloomberg\nThe Dollar trod water after spiking Friday up to fill the payrolls gap down...\nSource: Bloomberg\nGold ended the day lower despite the dollar going nowhere...\nOil prices rollercoasted on the day but ended unchanged with WTI pushing up near $71.80 at its highs...\nFinally, if you're wondering why people are buying USTs again... here's one reason...5Y greek debt is now trading at a negative yield (yes, really)... so which would you rather own 5Y UST at 75bps or 5Y GGB at -0.4bps!?\nSource: Bloomberg","news_type":1,"symbols_score_info":{".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187352775,"gmtCreate":1623743489697,"gmtModify":1631890327647,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Oh.....","listText":"Oh.....","text":"Oh.....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/187352775","repostId":"1122399963","repostType":4,"isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185221499,"gmtCreate":1623654924211,"gmtModify":1631890327656,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Good to buy?","listText":"Good to buy?","text":"Good to buy?","images":[{"img":"https://static.tigerbbs.com/56a1613a219f3ecb147946bbeaaa4ef9","width":"1080","height":"2011"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185221499","isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":185223837,"gmtCreate":1623654758029,"gmtModify":1631890327656,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Why u no buy?","listText":"Why u no buy?","text":"Why u no buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185223837","repostId":"182453133","repostType":1,"repost":{"id":182453133,"gmtCreate":1623600495022,"gmtModify":1634031277575,"author":{"id":"3581938757907923","authorId":"3581938757907923","name":"msmoo","avatar":"https://static.tigerbbs.com/408f7e12b5e28c5c371917d90a45aae3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581938757907923","idStr":"3581938757907923"},"themes":[],"htmlText":"Oooo good","listText":"Oooo good","text":"Oooo good","images":[{"img":"https://static.tigerbbs.com/16d3324e929e4296e2004808cbce64da","width":"1080","height":"1492"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/182453133","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182841479,"gmtCreate":1623564942091,"gmtModify":1631890327661,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[{"img":"https://static.tigerbbs.com/0fef45b2e8c67004003bacd23a0661b8","width":"1080","height":"2124"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/182841479","isVote":1,"tweetType":1,"viewCount":417,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":182854001,"gmtCreate":1623564546103,"gmtModify":1631890327664,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Drop&nbsp;","listText":"Drop&nbsp;","text":"Drop","images":[{"img":"https://static.tigerbbs.com/e51bbe150c1058e0685391f7e6515757","width":"1080","height":"2011"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/182854001","isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":182859495,"gmtCreate":1623564229117,"gmtModify":1631890327670,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/182859495","repostId":"1191179846","repostType":4,"isVote":1,"tweetType":1,"viewCount":611,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186253382,"gmtCreate":1623504336746,"gmtModify":1631890327670,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Neat","listText":"Neat","text":"Neat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/186253382","repostId":"1118102755","repostType":4,"repost":{"id":"1118102755","kind":"news","pubTimestamp":1623469189,"share":"https://www.laohu8.com/m/news/1118102755?lang=zh_CN&edition=full","pubTime":"2021-06-12 11:39","market":"us","language":"en","title":"Don’t be fooled — inflation is a big risk for stock market investors. Here’s how to prepare<blockquote>不要被愚弄了——通货膨胀对股市投资者来说是一个很大的风险。以下是如何准备</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118102755","media":"MarketWatch","summary":"Michael Brush advises on how you can avoid making mistakes as bond yields rise and the central bank ","content":"<p>  <b>Michael Brush advises on how you can avoid making mistakes as bond yields rise and the central bank reduces its stimulus.</b>  Don’t be fooled by the placid response to the highest inflation rate in over a decade. Inflation will remain elevated enough to shake up the stock market, possibly causing a selloff as much as 15%. You need to prepare now.</p><p><blockquote><b>迈克尔·布拉什(Michael Brush)就如何在债券收益率上升和央行减少刺激措施时避免犯错误提出了建议。</b>不要被对十多年来最高通胀率的平静反应所迷惑。通胀将保持在足以撼动股市的高位，可能导致高达15%的抛售。你现在需要准备。</blockquote></p><p> The reason: Persistently high inflation will move the 10-year Treasury yield to 2% and get the Federal Reserve to start tapering its stimulus by the end of the year. Both will rattle the stock market.</p><p><blockquote>原因是：持续的高通胀将使10年期国债收益率升至2%，并让美联储在年底前开始缩减刺激措施。两者都会扰乱股市。</blockquote></p><p> The government said June 10 that the cost of living surged in May and drove the pace of inflation to a 13-year high of 5%.</p><p><blockquote>政府6月10日表示，5月份生活成本飙升，推动通胀率升至5%的13年高点。</blockquote></p><p> What should you do? Probably the opposite of what you are thinking. Before we get to that, here is a look at the two key events for stocks — in the bond market and at the Fed — between today and the end of the year.</p><p><blockquote>你该怎么办？可能和你想的正好相反。在我们讨论这个问题之前，我们先来看看从今天到年底之间股市的两个关键事件——债券市场和美联储。</blockquote></p><p> <b>Rising yields</b></p><p><blockquote><b>收益率上升</b></blockquote></p><p> Remember how the stock market freaked out earlier this year when the 10-year Treasury yield TMUBMUSD10Y,1.452%&nbsp;moved up to around 1.7%? Well, expect a repeat. Only worse.</p><p><blockquote>还记得今年早些时候，当10年期国债收益率TMUBMUSD10Y, 1.452%升至1.7%左右时，股市是如何恐慌的吗？好吧，期待重演。只会更糟。</blockquote></p><p> “We suspect that inflation in the U.S. will prove more persistent than investors currently appear to anticipate,” says Capital Economics economist Franziska Palmas, citing the tight labor market and wage growth. Her research group puts the 10-year yield at 2.25% by the end of this year, and 2.5% by the end of 2022.</p><p><blockquote>凯投宏观(Capital Economics)经济学家弗兰齐斯卡·帕尔马斯(Franziska Palmas)以劳动力市场紧张和工资增长为由表示：“我们怀疑美国的通胀将比投资者目前预期的更加持久。”她的研究小组预计今年年底10年期国债收益率为2.25%，2022年底为2.5%。</blockquote></p><p> That’ll be a big move from the current level of 1.5%. Stock investors tend to panic when interest rates rise a lot.</p><p><blockquote>与目前1.5%的水平相比，这将是一个很大的变化。当利率大幅上升时，股票投资者往往会感到恐慌。</blockquote></p><p> <b>Fed tapering</b></p><p><blockquote><b>美联储缩减规模</b></blockquote></p><p> Fed Chairman Jerome Powell has downplayed the need for tapering the central bank’s bond purchases to keep yields low. But half of the 12 members of the Federal Open Market Committee&nbsp;(FOMC) have recently said they’re ready to start talking about tapering. The FOMC is the Fed branch that sets monetary policy.</p><p><blockquote>美联储主席鲍威尔淡化了央行缩减购债规模以保持低收益率的必要性。但联邦公开市场委员会（FOMC）12名成员中有一半最近表示，他们准备开始讨论缩减规模。FOMC是美联储制定货币政策的分支机构。</blockquote></p><p> “It will be increasingly hard for Powell to claim the economy needs to make ‘substantial further progress’ toward achieving maximum employment before the Fed starts talking about talking about tapering,” says Ed Yardeni, author of Predicting the Markets and head of Yardeni Research. Powell has repeatedly said the Fed is awaiting “substantial further progress” in the economy before terminating its stimulus.</p><p><blockquote>《预测市场》一书的作者兼亚德尼研究主管埃德·亚德尼(Ed Yardeni)表示：“在美联储开始谈论缩减规模之前，鲍威尔越来越难以声称经济需要在实现最大就业方面取得‘实质性的进一步进展’。”鲍威尔多次表示，美联储正在等待经济取得“实质性的进一步进展”，然后再终止刺激措施。</blockquote></p><p> “Given the performance of the economy, it is reasonable to expect they will start to taper before end of year, and a few months later they will start to raise the federal funds rate,” predicts Yardeni.</p><p><blockquote>亚德尼预测：“鉴于经济表现，有理由预计他们将在年底前开始缩减规模，几个月后他们将开始提高联邦基金利率。”</blockquote></p><p> He thinks the Fed will announce a decision to start tapering in its July meeting. Tapering refers to a reduction in bond purchases by the Fed. This tightens the money supply to put the brakes on growth. Once purchases go to zero, the Fed moves on to cutting rates.</p><p><blockquote>他认为美联储将在7月会议上宣布开始缩减规模的决定。Tapering是指美联储缩减购债规模。这收紧了货币供应，抑制了经济增长。一旦购买量降至零，美联储就会继续降息。</blockquote></p><p> As we know, tapering causes a “taper tantrum” in the stock market, meaning a sharp selloff in indices like the S&amp;P 500 SPX,+0.19%,&nbsp;the Dow Jones Industrial Average DJIA,+0.04%&nbsp;and Nasdaq COMP,+0.35%.</p><p><blockquote>众所周知，缩减规模会导致股市出现“缩减恐慌”，这意味着标普500 SPX指数+0.19%、道琼斯工业平均指数道琼斯指数+0.04%和纳斯达克综合指数+0.35%等指数大幅抛售。</blockquote></p><p> <b>How to prepare</b></p><p><blockquote><b>如何准备</b></blockquote></p><p> When considering how to position for the probable selloff caused by rising bond yields and Fed tightening, the key things to remember is why these things are happening in the first place, and what history tells us about how stocks behave.</p><p><blockquote>在考虑如何为债券收益率上升和美联储紧缩政策可能引发的抛售做好准备时，要记住的关键事情是为什么会发生这些事情，以及历史告诉我们股票的表现。</blockquote></p><p> The consensus view is that tapering and rising bond yields kill off economic growth and the bull market in stocks. But this isn’t actually true.</p><p><blockquote>人们普遍认为，缩减购债规模和债券收益率上升会扼杀经济增长和股市牛市。但这实际上不是真的。</blockquote></p><p> Yes, initially, tightening can make stocks fall — or churn sideways, at best. But then stocks shake it off and move higher as the bull market continues. This makes sense, because the tightening is happening for good reasons that help companies — strong economic growth. This pushes earnings a lot higher, which resets valuations lower — back down to levels investors feel comfortable with.</p><p><blockquote>是的，最初，紧缩可能会导致股市下跌——或者充其量是横盘震荡。但随着牛市的持续，股市摆脱了这一局面并走高。这是有道理的，因为紧缩的发生是有帮助企业的充分理由的——强劲的经济增长。这大幅推高了盈利，从而将估值重置为较低——回落到投资者感到满意的水平。</blockquote></p><p> “Tapering is part and parcel of a recovery,” says Leuthold market strategist Jim Paulsen. “It is a response to successful policy and a rebound in the economy. It is a natural part of the bull market that allows the market to go higher. It’s a healthy development.”</p><p><blockquote>Leuthold市场策略师吉姆·保尔森(Jim Paulsen)表示：“缩减规模是复苏的重要组成部分。”“这是对成功政策和经济反弹的回应。这是牛市的自然组成部分，允许市场走高。这是一种健康的发展。”</blockquote></p><p> Looking through all the market fireworks that may lie ahead, Paulsen thinks underlying economic growth will push S&amp;P 500 earnings up to $220 by the end of the year. Assuming the S&amp;P 500 is at current levels or a little bit lower, that would bring the index’s price-to-earnings (P/E) ratio down to 18-19 — which is near or below the average since 1990. “That sets up the next leg of the bull market,” he says.</p><p><blockquote>纵观未来可能出现的所有市场亮点，保尔森认为潜在的经济增长将推动标普500的盈利在年底前达到220美元。假设标普500处于当前水平或略低，这将使该指数的市盈率(P/E)降至18-19——接近或低于1990年以来的平均水平。“这为牛市的下一阶段奠定了基础，”他说。</blockquote></p><p> <b>Your five-point game plan</b></p><p><blockquote><b>你的五点游戏计划</b></blockquote></p><p> <b>1. Do not go to “defensives”</b></p><p><blockquote><b>1.不要去“防御性”</b></blockquote></p><p></p><p> When people see stock market turbulence, the knee-jerk reaction is to go for the “stability” of defensive names like utilities and consumer staples. But that would be a mistake. You want to go to defensives when the economy is slowing or contracting, not when it is strong. Another problem is that defensive names pay yield. So, like bonds, they get hit by rising interest rates, which devalue dividends — and dividend-paying stocks and bonds.</p><p><blockquote>当人们看到股市动荡时，下意识的反应是追求公用事业和必需消费品等防御性股票的“稳定性”。但那将是一个错误。当经济放缓或收缩时，你想采取防御措施，而不是当经济强劲时。另一个问题是防御性名称需要支付收益。因此，与债券一样，它们也会受到利率上升的打击，利率上升会使股息以及支付股息的股票和债券贬值。</blockquote></p><p> “The best way to protect yourself is to tie your portfolio to the overheated economy. That is where the best profit growth and profit leverage is,” says Paulsen. “You do not get that with defensives.”</p><p><blockquote>“保护自己的最佳方式是将您的投资组合与过热的经济挂钩。这是最佳利润增长和利润杠杆的地方，”保尔森说。“防御性药物是不会有这种感觉的。”</blockquote></p><p> <b>2. Go with companies that benefit from growth</b></p><p><blockquote><b>2.与受益于增长的公司同行</b></blockquote></p><p> Since rapid economic growth is causing the tapering — and the growth is usually not killed off by tightening — stocks linked to growth typically are the best place to be. This means cyclicals like industrials, basic materials consumer names, small-caps and international stocks. “Slower growth consumer staples and utilities won’t keep up with growth areas of the market,” says Paulsen.</p><p><blockquote>由于快速的经济增长正在导致缩减规模——而且增长通常不会被紧缩扼杀——与增长相关的股票通常是最好的选择。这意味着周期性股票，如工业股、基础材料消费股、小盘股和国际股票。保尔森表示：“消费必需品和公用事业增长放缓将无法跟上市场增长领域的步伐。”</blockquote></p><p> I first suggested Lindblad Expeditions LIND,+0.17%&nbsp;and Cardlytics CDLX,+4.54%&nbsp;and in my stock letter, Brush Up on Stocks (the link to my site is in the bio, below) in September 2020 and November 2019. I still like and own both even though they are up 48% and 157% — or two to four times the S&amp;P 500. Recent insider buying confirms they are buys and holds around current levels. Plus, both are cyclical names. Cardlytics helps credit card companies understand customer buying patterns for marketing purposes. Lindblad offers specialized cruise adventures to exotic locales. Both benefit from economic growth that powers more consumer spending.</p><p><blockquote>我首先建议Lindblad Expeditions LIND，+0.17%和Cardlytics CDLX，+4.54%，并在我的股票信中，在2020年9月和2019年11月重温股票（我网站的链接在下面的简历中）。尽管它们的股价分别上涨了48%和157%，即标普500的两到四倍，但我仍然喜欢并拥有这两家公司。最近的内部买入证实了他们在当前水平附近买入并持有。另外，两者都是循环名称。Cardlytics帮助信用卡公司出于营销目的了解客户购买模式。Lindblad提供专门的异国情调的邮轮冒险。两者都受益于推动更多消费者支出的经济增长。</blockquote></p><p> <b>3. Do not get out of stocks</b></p><p><blockquote><b>3、不脱销库存</b></blockquote></p><p> If you think a selloff is coming, it might be tempting to try to get out of stocks right before that, to buy back after the weakness happens. But this is a lot harder than you think. In fact, it is almost impossible to get the timing right, say market veterans.</p><p><blockquote>如果您认为抛售即将到来，那么在此之前尝试卖出股票，并在疲软发生后回购股票可能很诱人。但这比你想象的要困难得多。市场资深人士表示，事实上，几乎不可能把握好时机。</blockquote></p><p> “You have to make two smart decisions,” says Yardeni. “You have to get out just before the correction and then you have to decide when to get back in. I don’t know of too many people that can do that consistently.”</p><p><blockquote>“你必须做出两个明智的决定，”亚德尼说。“你必须在修正之前退出，然后你必须决定何时重新加入。我不知道有多少人能始终如一地做到这一点。”</blockquote></p><p> Market timers often get out and don’t get back in, and they miss the next leg up. “You can get yourself into trouble trying to avoid the correction,” says Paulsen.</p><p><blockquote>市场计时器通常会退出，不会再回来，他们会错过下一轮上涨。“试图避免调整可能会给自己带来麻烦，”保尔森说。</blockquote></p><p> <b>4. Do not own bonds</b></p><p><blockquote><b>4.不持有债券</b></blockquote></p><p> Bond yields will be 2% or higher by the end of year. So don’t own bonds, whose prices fall when yields rise — unless you simply plan to hold to maturity to collect the income.</p><p><blockquote>到年底，债券收益率将达到2%或更高。因此，不要持有债券，当收益率上升时，债券的价格就会下跌——除非您只是计划持有至到期以收取收入。</blockquote></p><p> <b>5. Go with financials</b></p><p><blockquote><b>5.选择财务</b></blockquote></p><p> Strong economies typically make the yield curve more upward sloping, meaning that long-term interest rates on 10-year Treasuries rise a lot faster than short-term interest rates. Since banks borrow at the short end and lend at the long end, steepening yield curves help them.</p><p><blockquote>强劲的经济体通常会使收益率曲线更加向上倾斜，这意味着10年期国债的长期利率上升速度远快于短期利率。由于银行在短端借款，在长端放贷，陡峭的收益率曲线对它们有帮助。</blockquote></p><p> The strong economy will also help banks release reserves and lower provisions for loan losses, both of which can boost earnings, points out Yardeni. Both JPMorgan Chase JPM,-0.07%&nbsp;and Bank of America BAC,+0.41%&nbsp;are up over twice as much as the S&amp;P 500 since I suggested them in my stock letter last August. But they still look attractive. Recent pattern buying by smart insiders among smaller banks confirms the sector is still one to own, despite the strength over the past few quarters.</p><p><blockquote>亚德尼指出，强劲的经济还将帮助银行释放准备金并降低贷款损失准备金，这两者都可以提高收益。自从我去年8月在股票信中提出建议以来，摩根大通JPM(-0.07%)和美国银行BAC(+0.41%)的涨幅都是标普500的两倍多。但它们看起来仍然很有吸引力。小型银行中聪明的内部人士最近的买入模式证实，尽管过去几个季度表现强劲，但该行业仍然值得持有。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Don’t be fooled — inflation is a big risk for stock market investors. Here’s how to prepare<blockquote>不要被愚弄了——通货膨胀对股市投资者来说是一个很大的风险。以下是如何准备</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDon’t be fooled — inflation is a big risk for stock market investors. Here’s how to prepare<blockquote>不要被愚弄了——通货膨胀对股市投资者来说是一个很大的风险。以下是如何准备</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-06-12 11:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Michael Brush advises on how you can avoid making mistakes as bond yields rise and the central bank reduces its stimulus.</b>  Don’t be fooled by the placid response to the highest inflation rate in over a decade. Inflation will remain elevated enough to shake up the stock market, possibly causing a selloff as much as 15%. You need to prepare now.</p><p><blockquote><b>迈克尔·布拉什(Michael Brush)就如何在债券收益率上升和央行减少刺激措施时避免犯错误提出了建议。</b>不要被对十多年来最高通胀率的平静反应所迷惑。通胀将保持在足以撼动股市的高位，可能导致高达15%的抛售。你现在需要准备。</blockquote></p><p> The reason: Persistently high inflation will move the 10-year Treasury yield to 2% and get the Federal Reserve to start tapering its stimulus by the end of the year. Both will rattle the stock market.</p><p><blockquote>原因是：持续的高通胀将使10年期国债收益率升至2%，并让美联储在年底前开始缩减刺激措施。两者都会扰乱股市。</blockquote></p><p> The government said June 10 that the cost of living surged in May and drove the pace of inflation to a 13-year high of 5%.</p><p><blockquote>政府6月10日表示，5月份生活成本飙升，推动通胀率升至5%的13年高点。</blockquote></p><p> What should you do? Probably the opposite of what you are thinking. Before we get to that, here is a look at the two key events for stocks — in the bond market and at the Fed — between today and the end of the year.</p><p><blockquote>你该怎么办？可能和你想的正好相反。在我们讨论这个问题之前，我们先来看看从今天到年底之间股市的两个关键事件——债券市场和美联储。</blockquote></p><p> <b>Rising yields</b></p><p><blockquote><b>收益率上升</b></blockquote></p><p> Remember how the stock market freaked out earlier this year when the 10-year Treasury yield TMUBMUSD10Y,1.452%&nbsp;moved up to around 1.7%? Well, expect a repeat. Only worse.</p><p><blockquote>还记得今年早些时候，当10年期国债收益率TMUBMUSD10Y, 1.452%升至1.7%左右时，股市是如何恐慌的吗？好吧，期待重演。只会更糟。</blockquote></p><p> “We suspect that inflation in the U.S. will prove more persistent than investors currently appear to anticipate,” says Capital Economics economist Franziska Palmas, citing the tight labor market and wage growth. Her research group puts the 10-year yield at 2.25% by the end of this year, and 2.5% by the end of 2022.</p><p><blockquote>凯投宏观(Capital Economics)经济学家弗兰齐斯卡·帕尔马斯(Franziska Palmas)以劳动力市场紧张和工资增长为由表示：“我们怀疑美国的通胀将比投资者目前预期的更加持久。”她的研究小组预计今年年底10年期国债收益率为2.25%，2022年底为2.5%。</blockquote></p><p> That’ll be a big move from the current level of 1.5%. Stock investors tend to panic when interest rates rise a lot.</p><p><blockquote>与目前1.5%的水平相比，这将是一个很大的变化。当利率大幅上升时，股票投资者往往会感到恐慌。</blockquote></p><p> <b>Fed tapering</b></p><p><blockquote><b>美联储缩减规模</b></blockquote></p><p> Fed Chairman Jerome Powell has downplayed the need for tapering the central bank’s bond purchases to keep yields low. But half of the 12 members of the Federal Open Market Committee&nbsp;(FOMC) have recently said they’re ready to start talking about tapering. The FOMC is the Fed branch that sets monetary policy.</p><p><blockquote>美联储主席鲍威尔淡化了央行缩减购债规模以保持低收益率的必要性。但联邦公开市场委员会（FOMC）12名成员中有一半最近表示，他们准备开始讨论缩减规模。FOMC是美联储制定货币政策的分支机构。</blockquote></p><p> “It will be increasingly hard for Powell to claim the economy needs to make ‘substantial further progress’ toward achieving maximum employment before the Fed starts talking about talking about tapering,” says Ed Yardeni, author of Predicting the Markets and head of Yardeni Research. Powell has repeatedly said the Fed is awaiting “substantial further progress” in the economy before terminating its stimulus.</p><p><blockquote>《预测市场》一书的作者兼亚德尼研究主管埃德·亚德尼(Ed Yardeni)表示：“在美联储开始谈论缩减规模之前，鲍威尔越来越难以声称经济需要在实现最大就业方面取得‘实质性的进一步进展’。”鲍威尔多次表示，美联储正在等待经济取得“实质性的进一步进展”，然后再终止刺激措施。</blockquote></p><p> “Given the performance of the economy, it is reasonable to expect they will start to taper before end of year, and a few months later they will start to raise the federal funds rate,” predicts Yardeni.</p><p><blockquote>亚德尼预测：“鉴于经济表现，有理由预计他们将在年底前开始缩减规模，几个月后他们将开始提高联邦基金利率。”</blockquote></p><p> He thinks the Fed will announce a decision to start tapering in its July meeting. Tapering refers to a reduction in bond purchases by the Fed. This tightens the money supply to put the brakes on growth. Once purchases go to zero, the Fed moves on to cutting rates.</p><p><blockquote>他认为美联储将在7月会议上宣布开始缩减规模的决定。Tapering是指美联储缩减购债规模。这收紧了货币供应，抑制了经济增长。一旦购买量降至零，美联储就会继续降息。</blockquote></p><p> As we know, tapering causes a “taper tantrum” in the stock market, meaning a sharp selloff in indices like the S&amp;P 500 SPX,+0.19%,&nbsp;the Dow Jones Industrial Average DJIA,+0.04%&nbsp;and Nasdaq COMP,+0.35%.</p><p><blockquote>众所周知，缩减规模会导致股市出现“缩减恐慌”，这意味着标普500 SPX指数+0.19%、道琼斯工业平均指数道琼斯指数+0.04%和纳斯达克综合指数+0.35%等指数大幅抛售。</blockquote></p><p> <b>How to prepare</b></p><p><blockquote><b>如何准备</b></blockquote></p><p> When considering how to position for the probable selloff caused by rising bond yields and Fed tightening, the key things to remember is why these things are happening in the first place, and what history tells us about how stocks behave.</p><p><blockquote>在考虑如何为债券收益率上升和美联储紧缩政策可能引发的抛售做好准备时，要记住的关键事情是为什么会发生这些事情，以及历史告诉我们股票的表现。</blockquote></p><p> The consensus view is that tapering and rising bond yields kill off economic growth and the bull market in stocks. But this isn’t actually true.</p><p><blockquote>人们普遍认为，缩减购债规模和债券收益率上升会扼杀经济增长和股市牛市。但这实际上不是真的。</blockquote></p><p> Yes, initially, tightening can make stocks fall — or churn sideways, at best. But then stocks shake it off and move higher as the bull market continues. This makes sense, because the tightening is happening for good reasons that help companies — strong economic growth. This pushes earnings a lot higher, which resets valuations lower — back down to levels investors feel comfortable with.</p><p><blockquote>是的，最初，紧缩可能会导致股市下跌——或者充其量是横盘震荡。但随着牛市的持续，股市摆脱了这一局面并走高。这是有道理的，因为紧缩的发生是有帮助企业的充分理由的——强劲的经济增长。这大幅推高了盈利，从而将估值重置为较低——回落到投资者感到满意的水平。</blockquote></p><p> “Tapering is part and parcel of a recovery,” says Leuthold market strategist Jim Paulsen. “It is a response to successful policy and a rebound in the economy. It is a natural part of the bull market that allows the market to go higher. It’s a healthy development.”</p><p><blockquote>Leuthold市场策略师吉姆·保尔森(Jim Paulsen)表示：“缩减规模是复苏的重要组成部分。”“这是对成功政策和经济反弹的回应。这是牛市的自然组成部分，允许市场走高。这是一种健康的发展。”</blockquote></p><p> Looking through all the market fireworks that may lie ahead, Paulsen thinks underlying economic growth will push S&amp;P 500 earnings up to $220 by the end of the year. Assuming the S&amp;P 500 is at current levels or a little bit lower, that would bring the index’s price-to-earnings (P/E) ratio down to 18-19 — which is near or below the average since 1990. “That sets up the next leg of the bull market,” he says.</p><p><blockquote>纵观未来可能出现的所有市场亮点，保尔森认为潜在的经济增长将推动标普500的盈利在年底前达到220美元。假设标普500处于当前水平或略低，这将使该指数的市盈率(P/E)降至18-19——接近或低于1990年以来的平均水平。“这为牛市的下一阶段奠定了基础，”他说。</blockquote></p><p> <b>Your five-point game plan</b></p><p><blockquote><b>你的五点游戏计划</b></blockquote></p><p> <b>1. Do not go to “defensives”</b></p><p><blockquote><b>1.不要去“防御性”</b></blockquote></p><p></p><p> When people see stock market turbulence, the knee-jerk reaction is to go for the “stability” of defensive names like utilities and consumer staples. But that would be a mistake. You want to go to defensives when the economy is slowing or contracting, not when it is strong. Another problem is that defensive names pay yield. So, like bonds, they get hit by rising interest rates, which devalue dividends — and dividend-paying stocks and bonds.</p><p><blockquote>当人们看到股市动荡时，下意识的反应是追求公用事业和必需消费品等防御性股票的“稳定性”。但那将是一个错误。当经济放缓或收缩时，你想采取防御措施，而不是当经济强劲时。另一个问题是防御性名称需要支付收益。因此，与债券一样，它们也会受到利率上升的打击，利率上升会使股息以及支付股息的股票和债券贬值。</blockquote></p><p> “The best way to protect yourself is to tie your portfolio to the overheated economy. That is where the best profit growth and profit leverage is,” says Paulsen. “You do not get that with defensives.”</p><p><blockquote>“保护自己的最佳方式是将您的投资组合与过热的经济挂钩。这是最佳利润增长和利润杠杆的地方，”保尔森说。“防御性药物是不会有这种感觉的。”</blockquote></p><p> <b>2. Go with companies that benefit from growth</b></p><p><blockquote><b>2.与受益于增长的公司同行</b></blockquote></p><p> Since rapid economic growth is causing the tapering — and the growth is usually not killed off by tightening — stocks linked to growth typically are the best place to be. This means cyclicals like industrials, basic materials consumer names, small-caps and international stocks. “Slower growth consumer staples and utilities won’t keep up with growth areas of the market,” says Paulsen.</p><p><blockquote>由于快速的经济增长正在导致缩减规模——而且增长通常不会被紧缩扼杀——与增长相关的股票通常是最好的选择。这意味着周期性股票，如工业股、基础材料消费股、小盘股和国际股票。保尔森表示：“消费必需品和公用事业增长放缓将无法跟上市场增长领域的步伐。”</blockquote></p><p> I first suggested Lindblad Expeditions LIND,+0.17%&nbsp;and Cardlytics CDLX,+4.54%&nbsp;and in my stock letter, Brush Up on Stocks (the link to my site is in the bio, below) in September 2020 and November 2019. I still like and own both even though they are up 48% and 157% — or two to four times the S&amp;P 500. Recent insider buying confirms they are buys and holds around current levels. Plus, both are cyclical names. Cardlytics helps credit card companies understand customer buying patterns for marketing purposes. Lindblad offers specialized cruise adventures to exotic locales. Both benefit from economic growth that powers more consumer spending.</p><p><blockquote>我首先建议Lindblad Expeditions LIND，+0.17%和Cardlytics CDLX，+4.54%，并在我的股票信中，在2020年9月和2019年11月重温股票（我网站的链接在下面的简历中）。尽管它们的股价分别上涨了48%和157%，即标普500的两到四倍，但我仍然喜欢并拥有这两家公司。最近的内部买入证实了他们在当前水平附近买入并持有。另外，两者都是循环名称。Cardlytics帮助信用卡公司出于营销目的了解客户购买模式。Lindblad提供专门的异国情调的邮轮冒险。两者都受益于推动更多消费者支出的经济增长。</blockquote></p><p> <b>3. Do not get out of stocks</b></p><p><blockquote><b>3、不脱销库存</b></blockquote></p><p> If you think a selloff is coming, it might be tempting to try to get out of stocks right before that, to buy back after the weakness happens. But this is a lot harder than you think. In fact, it is almost impossible to get the timing right, say market veterans.</p><p><blockquote>如果您认为抛售即将到来，那么在此之前尝试卖出股票，并在疲软发生后回购股票可能很诱人。但这比你想象的要困难得多。市场资深人士表示，事实上，几乎不可能把握好时机。</blockquote></p><p> “You have to make two smart decisions,” says Yardeni. “You have to get out just before the correction and then you have to decide when to get back in. I don’t know of too many people that can do that consistently.”</p><p><blockquote>“你必须做出两个明智的决定，”亚德尼说。“你必须在修正之前退出，然后你必须决定何时重新加入。我不知道有多少人能始终如一地做到这一点。”</blockquote></p><p> Market timers often get out and don’t get back in, and they miss the next leg up. “You can get yourself into trouble trying to avoid the correction,” says Paulsen.</p><p><blockquote>市场计时器通常会退出，不会再回来，他们会错过下一轮上涨。“试图避免调整可能会给自己带来麻烦，”保尔森说。</blockquote></p><p> <b>4. Do not own bonds</b></p><p><blockquote><b>4.不持有债券</b></blockquote></p><p> Bond yields will be 2% or higher by the end of year. So don’t own bonds, whose prices fall when yields rise — unless you simply plan to hold to maturity to collect the income.</p><p><blockquote>到年底，债券收益率将达到2%或更高。因此，不要持有债券，当收益率上升时，债券的价格就会下跌——除非您只是计划持有至到期以收取收入。</blockquote></p><p> <b>5. Go with financials</b></p><p><blockquote><b>5.选择财务</b></blockquote></p><p> Strong economies typically make the yield curve more upward sloping, meaning that long-term interest rates on 10-year Treasuries rise a lot faster than short-term interest rates. Since banks borrow at the short end and lend at the long end, steepening yield curves help them.</p><p><blockquote>强劲的经济体通常会使收益率曲线更加向上倾斜，这意味着10年期国债的长期利率上升速度远快于短期利率。由于银行在短端借款，在长端放贷，陡峭的收益率曲线对它们有帮助。</blockquote></p><p> The strong economy will also help banks release reserves and lower provisions for loan losses, both of which can boost earnings, points out Yardeni. Both JPMorgan Chase JPM,-0.07%&nbsp;and Bank of America BAC,+0.41%&nbsp;are up over twice as much as the S&amp;P 500 since I suggested them in my stock letter last August. But they still look attractive. Recent pattern buying by smart insiders among smaller banks confirms the sector is still one to own, despite the strength over the past few quarters.</p><p><blockquote>亚德尼指出，强劲的经济还将帮助银行释放准备金并降低贷款损失准备金，这两者都可以提高收益。自从我去年8月在股票信中提出建议以来，摩根大通JPM(-0.07%)和美国银行BAC(+0.41%)的涨幅都是标普500的两倍多。但它们看起来仍然很有吸引力。小型银行中聪明的内部人士最近的买入模式证实，尽管过去几个季度表现强劲，但该行业仍然值得持有。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/dont-be-fooled-inflation-is-a-big-risk-for-stock-market-investors-heres-how-to-prepare-11623421036?siteid=yhoof2\">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":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/dont-be-fooled-inflation-is-a-big-risk-for-stock-market-investors-heres-how-to-prepare-11623421036?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118102755","content_text":"Michael Brush advises on how you can avoid making mistakes as bond yields rise and the central bank reduces its stimulus.\n\nDon’t be fooled by the placid response to the highest inflation rate in over a decade. Inflation will remain elevated enough to shake up the stock market, possibly causing a selloff as much as 15%. You need to prepare now.\nThe reason: Persistently high inflation will move the 10-year Treasury yield to 2% and get the Federal Reserve to start tapering its stimulus by the end of the year. Both will rattle the stock market.\nThe government said June 10 that the cost of living surged in May and drove the pace of inflation to a 13-year high of 5%.\nWhat should you do? Probably the opposite of what you are thinking. Before we get to that, here is a look at the two key events for stocks — in the bond market and at the Fed — between today and the end of the year.\nRising yields\nRemember how the stock market freaked out earlier this year when the 10-year Treasury yield TMUBMUSD10Y,1.452% moved up to around 1.7%? Well, expect a repeat. Only worse.\n“We suspect that inflation in the U.S. will prove more persistent than investors currently appear to anticipate,” says Capital Economics economist Franziska Palmas, citing the tight labor market and wage growth. Her research group puts the 10-year yield at 2.25% by the end of this year, and 2.5% by the end of 2022.\nThat’ll be a big move from the current level of 1.5%. Stock investors tend to panic when interest rates rise a lot.\nFed tapering\nFed Chairman Jerome Powell has downplayed the need for tapering the central bank’s bond purchases to keep yields low. But half of the 12 members of the Federal Open Market Committee (FOMC) have recently said they’re ready to start talking about tapering. The FOMC is the Fed branch that sets monetary policy.\n“It will be increasingly hard for Powell to claim the economy needs to make ‘substantial further progress’ toward achieving maximum employment before the Fed starts talking about talking about tapering,” says Ed Yardeni, author of Predicting the Markets and head of Yardeni Research. Powell has repeatedly said the Fed is awaiting “substantial further progress” in the economy before terminating its stimulus.\n“Given the performance of the economy, it is reasonable to expect they will start to taper before end of year, and a few months later they will start to raise the federal funds rate,” predicts Yardeni.\nHe thinks the Fed will announce a decision to start tapering in its July meeting. Tapering refers to a reduction in bond purchases by the Fed. This tightens the money supply to put the brakes on growth. Once purchases go to zero, the Fed moves on to cutting rates.\nAs we know, tapering causes a “taper tantrum” in the stock market, meaning a sharp selloff in indices like the S&P 500 SPX,+0.19%, the Dow Jones Industrial Average DJIA,+0.04% and Nasdaq COMP,+0.35%.\nHow to prepare\nWhen considering how to position for the probable selloff caused by rising bond yields and Fed tightening, the key things to remember is why these things are happening in the first place, and what history tells us about how stocks behave.\nThe consensus view is that tapering and rising bond yields kill off economic growth and the bull market in stocks. But this isn’t actually true.\nYes, initially, tightening can make stocks fall — or churn sideways, at best. But then stocks shake it off and move higher as the bull market continues. This makes sense, because the tightening is happening for good reasons that help companies — strong economic growth. This pushes earnings a lot higher, which resets valuations lower — back down to levels investors feel comfortable with.\n“Tapering is part and parcel of a recovery,” says Leuthold market strategist Jim Paulsen. “It is a response to successful policy and a rebound in the economy. It is a natural part of the bull market that allows the market to go higher. It’s a healthy development.”\nLooking through all the market fireworks that may lie ahead, Paulsen thinks underlying economic growth will push S&P 500 earnings up to $220 by the end of the year. Assuming the S&P 500 is at current levels or a little bit lower, that would bring the index’s price-to-earnings (P/E) ratio down to 18-19 — which is near or below the average since 1990. “That sets up the next leg of the bull market,” he says.\nYour five-point game plan\n1. Do not go to “defensives”\nWhen people see stock market turbulence, the knee-jerk reaction is to go for the “stability” of defensive names like utilities and consumer staples. But that would be a mistake. You want to go to defensives when the economy is slowing or contracting, not when it is strong. Another problem is that defensive names pay yield. So, like bonds, they get hit by rising interest rates, which devalue dividends — and dividend-paying stocks and bonds.\n“The best way to protect yourself is to tie your portfolio to the overheated economy. That is where the best profit growth and profit leverage is,” says Paulsen. “You do not get that with defensives.”\n2. Go with companies that benefit from growth\nSince rapid economic growth is causing the tapering — and the growth is usually not killed off by tightening — stocks linked to growth typically are the best place to be. This means cyclicals like industrials, basic materials consumer names, small-caps and international stocks. “Slower growth consumer staples and utilities won’t keep up with growth areas of the market,” says Paulsen.\nI first suggested Lindblad Expeditions LIND,+0.17% and Cardlytics CDLX,+4.54% and in my stock letter, Brush Up on Stocks (the link to my site is in the bio, below) in September 2020 and November 2019. I still like and own both even though they are up 48% and 157% — or two to four times the S&P 500. Recent insider buying confirms they are buys and holds around current levels. Plus, both are cyclical names. Cardlytics helps credit card companies understand customer buying patterns for marketing purposes. Lindblad offers specialized cruise adventures to exotic locales. Both benefit from economic growth that powers more consumer spending.\n3. Do not get out of stocks\nIf you think a selloff is coming, it might be tempting to try to get out of stocks right before that, to buy back after the weakness happens. But this is a lot harder than you think. In fact, it is almost impossible to get the timing right, say market veterans.\n“You have to make two smart decisions,” says Yardeni. “You have to get out just before the correction and then you have to decide when to get back in. I don’t know of too many people that can do that consistently.”\nMarket timers often get out and don’t get back in, and they miss the next leg up. “You can get yourself into trouble trying to avoid the correction,” says Paulsen.\n4. Do not own bonds\nBond yields will be 2% or higher by the end of year. So don’t own bonds, whose prices fall when yields rise — unless you simply plan to hold to maturity to collect the income.\n5. Go with financials\nStrong economies typically make the yield curve more upward sloping, meaning that long-term interest rates on 10-year Treasuries rise a lot faster than short-term interest rates. Since banks borrow at the short end and lend at the long end, steepening yield curves help them.\nThe strong economy will also help banks release reserves and lower provisions for loan losses, both of which can boost earnings, points out Yardeni. Both JPMorgan Chase JPM,-0.07% and Bank of America BAC,+0.41% are up over twice as much as the S&P 500 since I suggested them in my stock letter last August. But they still look attractive. Recent pattern buying by smart insiders among smaller banks confirms the sector is still one to own, despite the strength over the past few quarters.","news_type":1,"symbols_score_info":{"SPY":0.9,".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188385100,"gmtCreate":1623421658900,"gmtModify":1631890327668,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Buy!","listText":"Buy!","text":"Buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/188385100","repostId":"1102090194","repostType":4,"repost":{"id":"1102090194","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623419256,"share":"https://www.laohu8.com/m/news/1102090194?lang=zh_CN&edition=full","pubTime":"2021-06-11 21:47","market":"us","language":"en","title":"Cruise line stocks fell as Two Guests Test Positive for COVID-19<blockquote>两名客人COVID-19检测呈阳性，邮轮公司股价下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102090194","media":"Tiger Newspress","summary":"(June 11) Cruise line stocks fell as two guests on Royal Caribbean's Celebrity Millennium ship teste","content":"<p>(June 11)&nbsp;Cruise line stocks fell&nbsp;as two guests on Royal Caribbean's Celebrity Millennium ship tested positive for COVID-19.</p><p><blockquote>（6月11日）皇家加勒比名人千禧号上的两名客人新冠肺炎检测呈阳性，邮轮公司股票下跌。</blockquote></p><p> Airline&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;morning&nbsp;trading.</p><p><blockquote>航空股早盘上涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f60ad4e95f4cf84c7310ed909e0fa7c5\" tg-width=\"301\" tg-height=\"370\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>   The duo were on a trip that began in St. Maarten aboard Royal Caribbean's Celebrity Millennium ship. They are asymptomatic and in isolation, RCL said.  Royal Caribbean Group&nbsp;(<b>RCL</b>) -Get Report&nbsp;shares fell Friday after the company said two guests on its Celebrity Millennium ship tested positive for COVID-19.</p><p><blockquote>两人乘坐皇家加勒比的名人千禧号从圣马丁开始旅行。RCL说，他们没有症状，处于隔离状态。皇家加勒比集团（<b>RCL</b>)-Get Report股价周五下跌，此前该公司表示其名人千禧号船上的两名客人的COVID-19检测呈阳性。</blockquote></p><p> The two cruisers are asymptomatic and in isolation, RCL said. They were sharing a room and tested positive toward the end of the cruise, which began in St. Maarten.</p><p><blockquote>RCL说，这两艘巡洋舰没有症状，正在隔离中。他们共用一个房间，在从圣马丁开始的航行快结束时检测呈阳性。</blockquote></p><p> The trip was one of RCL’s first to resume in the region after the pandemic forced a shutdown in March 2020. RCL said it’s going through contact tracing, conducting testing on all of the duo’s close contacts and is closely monitoring what’s happening on the ship.</p><p><blockquote>此次旅行是2020年3月疫情迫使关闭后，RCL在该地区首批恢复的旅行之一。RCL表示，正在进行接触者追踪，对两人的所有密切接触者进行测试，并密切监测船上发生的情况。</blockquote></p><p> RCL recently traded at $88.78, down 2.04%, in pre-market trading on Friday. It has climbed 12% in the past six months amid enthusiasm for reopenings in the cruise industry and the economy as a whole.</p><p><blockquote>周五盘前交易中，RCL最新交易价格为88.78美元，下跌2.04%。由于邮轮业和整体经济对重新开放的热情，该指数在过去六个月中上涨了12%。</blockquote></p><p> In May and early June,the U.S. Centers for Disease Control and Prevention gavetwo RCL ships the nod to do a test sailing in U.S. waters.</p><p><blockquote>5月和6月初，美国疾病控制与预防中心批准两艘RCL船舶在美国水域进行试航。</blockquote></p><p> Allure of the Seas is set to start test cruises from Port Canaveral July 27 to July 29, and Symphony of the Seas will do the same from PortMiami Aug. 1 through Aug. 3.</p><p><blockquote>海洋诱惑号将于7月27日至7月29日从卡纳维拉尔港开始试航，海洋交响乐号将于8月1日至8月3日从迈阿密港开始试航。</blockquote></p><p> In March,RCL announced it would resume Caribbeansailings in June.</p><p><blockquote>3月，RCL宣布将于6月恢复加勒比海航线。</blockquote></p><p> Also in March, RCL, Carnival Corp.(<b>CCL</b>) -Get Report&nbsp;and Norwegian Cruise Line&nbsp;(<b>NCLH</b>) -Get Report&nbsp;all&nbsp;received price-target increasesfrom J.P. Morgan, based on the prospect of economic recovery.</p><p><blockquote>同样在3月，RCL、嘉年华公司（<b>CCL</b>)-获取报告和挪威邮轮公司(<b>NCLH</b>)-Get报告基于经济复苏的前景，摩根大通均上调了目标价。</blockquote></p><p> J.P. Morgan analyst Brandt Montour lifted his target price on RCL to $110 from $100,</p><p><blockquote>摩根大通分析师Brandt Montour将RCL的目标价从100美元上调至110美元，</blockquote></p><p> “We … raise our price targets on slightly higher target multiples driven by positively evolving expectations for potential pricing power,” he said.</p><p><blockquote>他表示：“由于对潜在定价能力的预期积极变化，我们……将价格目标提高到略高的目标倍数。”</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>Cruise line stocks fell as Two Guests Test Positive for COVID-19<blockquote>两名客人COVID-19检测呈阳性，邮轮公司股价下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCruise line stocks fell as Two Guests Test Positive for COVID-19<blockquote>两名客人COVID-19检测呈阳性，邮轮公司股价下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-11 21:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 11)&nbsp;Cruise line stocks fell&nbsp;as two guests on Royal Caribbean's Celebrity Millennium ship tested positive for COVID-19.</p><p><blockquote>（6月11日）皇家加勒比名人千禧号上的两名客人新冠肺炎检测呈阳性，邮轮公司股票下跌。</blockquote></p><p> Airline&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;morning&nbsp;trading.</p><p><blockquote>航空股早盘上涨。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f60ad4e95f4cf84c7310ed909e0fa7c5\" tg-width=\"301\" tg-height=\"370\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>   The duo were on a trip that began in St. Maarten aboard Royal Caribbean's Celebrity Millennium ship. They are asymptomatic and in isolation, RCL said.  Royal Caribbean Group&nbsp;(<b>RCL</b>) -Get Report&nbsp;shares fell Friday after the company said two guests on its Celebrity Millennium ship tested positive for COVID-19.</p><p><blockquote>两人乘坐皇家加勒比的名人千禧号从圣马丁开始旅行。RCL说，他们没有症状，处于隔离状态。皇家加勒比集团（<b>RCL</b>)-Get Report股价周五下跌，此前该公司表示其名人千禧号船上的两名客人的COVID-19检测呈阳性。</blockquote></p><p> The two cruisers are asymptomatic and in isolation, RCL said. They were sharing a room and tested positive toward the end of the cruise, which began in St. Maarten.</p><p><blockquote>RCL说，这两艘巡洋舰没有症状，正在隔离中。他们共用一个房间，在从圣马丁开始的航行快结束时检测呈阳性。</blockquote></p><p> The trip was one of RCL’s first to resume in the region after the pandemic forced a shutdown in March 2020. RCL said it’s going through contact tracing, conducting testing on all of the duo’s close contacts and is closely monitoring what’s happening on the ship.</p><p><blockquote>此次旅行是2020年3月疫情迫使关闭后，RCL在该地区首批恢复的旅行之一。RCL表示，正在进行接触者追踪，对两人的所有密切接触者进行测试，并密切监测船上发生的情况。</blockquote></p><p> RCL recently traded at $88.78, down 2.04%, in pre-market trading on Friday. It has climbed 12% in the past six months amid enthusiasm for reopenings in the cruise industry and the economy as a whole.</p><p><blockquote>周五盘前交易中，RCL最新交易价格为88.78美元，下跌2.04%。由于邮轮业和整体经济对重新开放的热情，该指数在过去六个月中上涨了12%。</blockquote></p><p> In May and early June,the U.S. Centers for Disease Control and Prevention gavetwo RCL ships the nod to do a test sailing in U.S. waters.</p><p><blockquote>5月和6月初，美国疾病控制与预防中心批准两艘RCL船舶在美国水域进行试航。</blockquote></p><p> Allure of the Seas is set to start test cruises from Port Canaveral July 27 to July 29, and Symphony of the Seas will do the same from PortMiami Aug. 1 through Aug. 3.</p><p><blockquote>海洋诱惑号将于7月27日至7月29日从卡纳维拉尔港开始试航，海洋交响乐号将于8月1日至8月3日从迈阿密港开始试航。</blockquote></p><p> In March,RCL announced it would resume Caribbeansailings in June.</p><p><blockquote>3月，RCL宣布将于6月恢复加勒比海航线。</blockquote></p><p> Also in March, RCL, Carnival Corp.(<b>CCL</b>) -Get Report&nbsp;and Norwegian Cruise Line&nbsp;(<b>NCLH</b>) -Get Report&nbsp;all&nbsp;received price-target increasesfrom J.P. Morgan, based on the prospect of economic recovery.</p><p><blockquote>同样在3月，RCL、嘉年华公司（<b>CCL</b>)-获取报告和挪威邮轮公司(<b>NCLH</b>)-Get报告基于经济复苏的前景，摩根大通均上调了目标价。</blockquote></p><p> J.P. Morgan analyst Brandt Montour lifted his target price on RCL to $110 from $100,</p><p><blockquote>摩根大通分析师Brandt Montour将RCL的目标价从100美元上调至110美元，</blockquote></p><p> “We … raise our price targets on slightly higher target multiples driven by positively evolving expectations for potential pricing power,” he said.</p><p><blockquote>他表示：“由于对潜在定价能力的预期积极变化，我们……将价格目标提高到略高的目标倍数。”</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CCL":"嘉年华邮轮","RCL":"皇家加勒比邮轮","NCLH":"挪威邮轮"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102090194","content_text":"(June 11) Cruise line stocks fell as two guests on Royal Caribbean's Celebrity Millennium ship tested positive for COVID-19.\nAirline stocks rose in morning trading.\n\n\n The duo were on a trip that began in St. Maarten aboard Royal Caribbean's Celebrity Millennium ship. They are asymptomatic and in isolation, RCL said.\n\nRoyal Caribbean Group (RCL) -Get Report shares fell Friday after the company said two guests on its Celebrity Millennium ship tested positive for COVID-19.\nThe two cruisers are asymptomatic and in isolation, RCL said. They were sharing a room and tested positive toward the end of the cruise, which began in St. Maarten.\nThe trip was one of RCL’s first to resume in the region after the pandemic forced a shutdown in March 2020. RCL said it’s going through contact tracing, conducting testing on all of the duo’s close contacts and is closely monitoring what’s happening on the ship.\nRCL recently traded at $88.78, down 2.04%, in pre-market trading on Friday. It has climbed 12% in the past six months amid enthusiasm for reopenings in the cruise industry and the economy as a whole.\nIn May and early June,the U.S. Centers for Disease Control and Prevention gavetwo RCL ships the nod to do a test sailing in U.S. waters.\nAllure of the Seas is set to start test cruises from Port Canaveral July 27 to July 29, and Symphony of the Seas will do the same from PortMiami Aug. 1 through Aug. 3.\nIn March,RCL announced it would resume Caribbeansailings in June.\nAlso in March, RCL, Carnival Corp.(CCL) -Get Report and Norwegian Cruise Line (NCLH) -Get Report all received price-target increasesfrom J.P. Morgan, based on the prospect of economic recovery.\nJ.P. Morgan analyst Brandt Montour lifted his target price on RCL to $110 from $100,\n“We … raise our price targets on slightly higher target multiples driven by positively evolving expectations for potential pricing power,” he 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621944646,"share":"https://www.laohu8.com/m/news/1140046763?lang=zh_CN&edition=full","pubTime":"2021-05-25 20:10","market":"us","language":"en","title":"Toplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的营收</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140046763","media":"Tiger Newspress","summary":"U.S. stock index futures rose on Tuesday, buoyed by gains in mega-cap technology-related stocks as i","content":"<p>U.S. stock index futures rose on Tuesday, buoyed by gains in mega-cap technology-related stocks as inflation worries ebbed and U.S. bond yields eased for the fourth straight day.</p><p><blockquote>美国股指期货周二上涨，因通胀担忧消退，美债收益率连续第四天回落，受大型科技股上涨提振。</blockquote></p><p>At 8:05 a.m. ET, Dow E-minis were up 93 points, or 0.27%, S&amp;P 500 E-minis were up 14.5 points, or 0.35% and Nasdaq 100 E-minis were up 80.5 points, or 0.59%.</p><p><blockquote>截至美国东部时间上午8:05，道指e-mini上涨93点，涨幅0.27%，标普500 e-mini上涨14.5点，涨幅0.35%，纳斯达克100 e-mini上涨80.5点，涨幅0.59%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0cb3de938a9511fee104454b3e726612\" tg-width=\"818\" tg-height=\"278\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:05</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间08:05</span></p></blockquote></p><p>Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc added between 0.4% and 1% in premarket trading as the yield on 10-year bond slipped to a fresh two-week low on Tuesday.</p><p><blockquote>由于周二10年期债券收益率跌至两周新低，苹果、亚马逊、微软和Alphabet在盘前交易中股价上涨0.4%至1%。</blockquote></p><p>Higher yields pressure valuations for tech and other growth stocks, whose future cash flows are discounted at higher rates.</p><p><blockquote>较高的收益率给科技股和其他成长型股票的估值带来压力，这些股票的未来现金流以较高的利率贴现。</blockquote></p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p><b>Moderna(MRNA)</b>-Moderna&nbsp;rose&nbsp;2.33%&nbsp;in premarket trading&nbsp;after&nbsp;its Covid-19 vaccine was 100% effective in a study of adolescents ages 12 to 17, making it the second shot behind&nbsp;Pfizer's to demonstrate high efficacy in younger age groups.</p><p><blockquote><b>现代（MRNA）</b>Moderna在盘前交易中上涨2.33%，此前其Covid-19疫苗在一项针对12至17岁青少年的研究中100%有效，使其成为继辉瑞之后第二款在年轻群体中证明高效的疫苗。</blockquote></p><p><b>Lordstown Motors(RIDE)</b> – Lordstown tumbled 13.7% in premarket trading after the electric vehicle startupsaid it needed to raise capitalto fund operations and that its production this year would be, at best, 50% of prior projections.</p><p><blockquote><b>洛兹敦汽车公司(RIDE)</b>-洛兹敦在盘前交易中下跌13.7%，此前这家电动汽车初创公司表示需要筹集资金以资助运营，并且今年的产量充其量是之前预测的50%。</blockquote></p><p><b>Canopy Growth(CGC) </b>– The cannabis producer’s shares rose 2.4% in the premarket after MKM Partners upgraded the stock to “buy” from “neutral.” MKM said sentiment surrounding the stock is so low that the current risk/reward profile is very favorable.</p><p><blockquote><b>冠层生长(CGC)</b>–MKM Partners将该股评级从“中性”上调至“买入”后，该大麻生产商的股价在盘前上涨2.4%。MKM表示，围绕该股的情绪如此之低，以至于当前的风险/回报状况非常有利。</blockquote></p><p><b>Shake Shack(SHAK)</b> – The restaurant chain’s stock rallied 5.2% in premarket trading after Goldman Sachs upgraded it to “buy” from “neutral.” Goldman believes a recent pullback presents a buying opportunity, given Shake Shack’s strong balance sheet and favorable long-term growth prospects. Additionally, Wedbush upgraded the stock to “outperform” from “neutral,” citing similar reasons.</p><p><blockquote><b>Shake Shack(SHAK)</b>-高盛将其评级从“中性”上调至“买入”后，该连锁餐厅的股价在盘前交易中上涨5.2%。高盛认为，鉴于Shake Shack强劲的资产负债表和良好的长期增长前景，最近的回调提供了买入机会。此外，韦德布什以类似的理由将该股评级从“中性”上调至“跑赢大盘”。</blockquote></p><p><b>AutoZone(AZO)</b> – The auto parts retailer reported quarterly profit of $26.48 per share, beating the consensus estimate of $20.14 a share. Revenue also came in above estimates. Comparable-store sales surged 28.9%, well above the consensus FactSet estimate of 17.1%. AutoZone’s gross margins dropped, however, due in part to an acceleration of the company’s commercial business. AutoZone added 1.1% in premarket trading.</p><p><blockquote><b>AutoZone(AZO)</b>-这家汽车零部件零售商公布季度利润为每股26.48美元，超出市场普遍预期的每股20.14美元。收入也高于预期。同店销售额飙升28.9%，远高于FactSet普遍预期的17.1%。然而，AutoZone的毛利率下降，部分原因是该公司商业业务的加速。AutoZone在盘前交易中上涨1.1%。</blockquote></p><p><b>Amazon(AMZN)</b> – Amazon could announcea deal to buy MGM Studiosas soon as this week, according to a person familiar with the matter who spoke to CNBC. The projected price of up to $9 billion would make this Amazon’s largest acquisition since it bought Whole Foods in 2017 for $13.7 billion.</p><p><blockquote><b>亚马逊(AMZN)</b>-据一位接受CNBC采访的知情人士透露，亚马逊最早可能于本周宣布收购米高梅影业的交易。预计高达90亿美元的价格将成为亚马逊自2017年以137亿美元收购全食超市以来最大的一次收购。</blockquote></p><p><b>AstraZeneca(AZN)</b> – AstraZeneca’s $39 billion takeover of U.S. drugmakerAlexion Pharmaceuticals(ALXN) is the subject of a probe by British competition regulators, who want to determine if the deal will reduce competition in the U.K. and elsewhere.</p><p><blockquote><b>阿斯利康(AZN)</b>-阿斯利康以390亿美元收购美国制药商Alexion Pharmaceuticals(ALXN)的交易是英国竞争监管机构调查的对象，他们希望确定该交易是否会减少英国和其他地方的竞争。</blockquote></p><p><b>United Airlines(UAL)</b> – United said in a Securities and Exchange Commission filing that ticketed yields have accelerated during the second quarter ahead of its prior projections. It now sees the key metric of revenue per available seat mile falling about 12% this quarter compared to its prior estimate of a 20% drop.</p><p><blockquote><b>联合航空(UAL)</b>-美联航在向美国证券交易委员会提交的文件中表示，第二季度的门票收益率比之前的预测有所加速。目前，该公司预计本季度每可用座位英里收入的关键指标将下降约12%，而之前预计下降20%。</blockquote></p><p><b>Live Nation Entertainment(LYV)</b> – Live Nation President Joe Berchtold told CNBC’s “Closing Bell” that concert venue bookings are rebounding, and that it is expecting a better year in 2022 than it had in 2019. Shares added 1% in premarket action.</p><p><blockquote><b>现场国家娱乐(LYV)</b>-Live Nation总裁Joe Berchtold在CNBC的“Closing Bell”节目中表示，音乐会场地预订量正在反弹，预计2022年的表现会比2019年更好。股价在盘前上涨1%。</blockquote></p><p><b>IAC/Interactive(IAC) </b>– IAC shares jumped 5.3% in premarket trading ahead of today’s spinoff of Vimeo to IAC shareholders. Vimeo will begin trading on the Nasdaq today, with the producer of video tools valued at roughly $10 billion.</p><p><blockquote><b>IAC/Interactive（IAC）</b>-在今天将Vimeo分拆给IAC股东之前，IAC股价在盘前交易中上涨5.3%。Vimeo将于今天开始在纳斯达克交易，这家视频工具生产商的估值约为100亿美元。</blockquote></p><p><b>Petco(WOOF) </b>– The pet products retailer announced a secondary stock offering of 22 million shares, with the selling stockholder granting underwriters the option to purchase another 3.3 million shares within 30 days. Petco will not receive any proceeds from the offering. The stock fell 1.1% in the premarket.</p><p><blockquote><b>Petco(WOOF)</b>-这家宠物产品零售商宣布二次发行2200万股股票，出售股东授予承销商在30天内再购买330万股的选择权。Petco不会从此次发行中获得任何收益。该股盘前下跌1.1%。</blockquote></p><p><b>Alaska Air(ALK)</b> – Alaska Air boosted its cash flow outlook for the current quarter, saying it now expects positive cash flow of $550 million to $650 million compared to a prior projection of $450 million to $550 million. The airline cites improved travel demand as well as better-than-expected affinity card inflows. Alaska Air shares fell 2.8% in premarket trading.</p><p><blockquote><b>阿拉斯加航空(ALK)</b>-阿拉斯加航空上调了本季度的现金流预期，表示目前预计正现金流为5.5亿至6.5亿美元，而之前的预测为4.5亿至5.5亿美元。该航空公司表示，旅行需求有所改善，亲和卡流入量好于预期。阿拉斯加航空股价在盘前交易中下跌2.8%。</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>Toplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的营收</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; 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}\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\">\nToplines Before US Market Open on Tuesday<blockquote>周二美国市场开盘前的营收</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-25 20:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock index futures rose on Tuesday, buoyed by gains in mega-cap technology-related stocks as inflation worries ebbed and U.S. bond yields eased for the fourth straight day.</p><p><blockquote>美国股指期货周二上涨，因通胀担忧消退，美债收益率连续第四天回落，受大型科技股上涨提振。</blockquote></p><p>At 8:05 a.m. ET, Dow E-minis were up 93 points, or 0.27%, S&amp;P 500 E-minis were up 14.5 points, or 0.35% and Nasdaq 100 E-minis were up 80.5 points, or 0.59%.</p><p><blockquote>截至美国东部时间上午8:05，道指e-mini上涨93点，涨幅0.27%，标普500 e-mini上涨14.5点，涨幅0.35%，纳斯达克100 e-mini上涨80.5点，涨幅0.59%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0cb3de938a9511fee104454b3e726612\" tg-width=\"818\" tg-height=\"278\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:05</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间08:05</span></p></blockquote></p><p>Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc added between 0.4% and 1% in premarket trading as the yield on 10-year bond slipped to a fresh two-week low on Tuesday.</p><p><blockquote>由于周二10年期债券收益率跌至两周新低，苹果、亚马逊、微软和Alphabet在盘前交易中股价上涨0.4%至1%。</blockquote></p><p>Higher yields pressure valuations for tech and other growth stocks, whose future cash flows are discounted at higher rates.</p><p><blockquote>较高的收益率给科技股和其他成长型股票的估值带来压力，这些股票的未来现金流以较高的利率贴现。</blockquote></p><p><b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p><b>Moderna(MRNA)</b>-Moderna&nbsp;rose&nbsp;2.33%&nbsp;in premarket trading&nbsp;after&nbsp;its Covid-19 vaccine was 100% effective in a study of adolescents ages 12 to 17, making it the second shot behind&nbsp;Pfizer's to demonstrate high efficacy in younger age groups.</p><p><blockquote><b>现代（MRNA）</b>Moderna在盘前交易中上涨2.33%，此前其Covid-19疫苗在一项针对12至17岁青少年的研究中100%有效，使其成为继辉瑞之后第二款在年轻群体中证明高效的疫苗。</blockquote></p><p><b>Lordstown Motors(RIDE)</b> – Lordstown tumbled 13.7% in premarket trading after the electric vehicle startupsaid it needed to raise capitalto fund operations and that its production this year would be, at best, 50% of prior projections.</p><p><blockquote><b>洛兹敦汽车公司(RIDE)</b>-洛兹敦在盘前交易中下跌13.7%，此前这家电动汽车初创公司表示需要筹集资金以资助运营，并且今年的产量充其量是之前预测的50%。</blockquote></p><p><b>Canopy Growth(CGC) </b>– The cannabis producer’s shares rose 2.4% in the premarket after MKM Partners upgraded the stock to “buy” from “neutral.” MKM said sentiment surrounding the stock is so low that the current risk/reward profile is very favorable.</p><p><blockquote><b>冠层生长(CGC)</b>–MKM Partners将该股评级从“中性”上调至“买入”后，该大麻生产商的股价在盘前上涨2.4%。MKM表示，围绕该股的情绪如此之低，以至于当前的风险/回报状况非常有利。</blockquote></p><p><b>Shake Shack(SHAK)</b> – The restaurant chain’s stock rallied 5.2% in premarket trading after Goldman Sachs upgraded it to “buy” from “neutral.” Goldman believes a recent pullback presents a buying opportunity, given Shake Shack’s strong balance sheet and favorable long-term growth prospects. Additionally, Wedbush upgraded the stock to “outperform” from “neutral,” citing similar reasons.</p><p><blockquote><b>Shake Shack(SHAK)</b>-高盛将其评级从“中性”上调至“买入”后，该连锁餐厅的股价在盘前交易中上涨5.2%。高盛认为，鉴于Shake Shack强劲的资产负债表和良好的长期增长前景，最近的回调提供了买入机会。此外，韦德布什以类似的理由将该股评级从“中性”上调至“跑赢大盘”。</blockquote></p><p><b>AutoZone(AZO)</b> – The auto parts retailer reported quarterly profit of $26.48 per share, beating the consensus estimate of $20.14 a share. Revenue also came in above estimates. Comparable-store sales surged 28.9%, well above the consensus FactSet estimate of 17.1%. AutoZone’s gross margins dropped, however, due in part to an acceleration of the company’s commercial business. AutoZone added 1.1% in premarket trading.</p><p><blockquote><b>AutoZone(AZO)</b>-这家汽车零部件零售商公布季度利润为每股26.48美元，超出市场普遍预期的每股20.14美元。收入也高于预期。同店销售额飙升28.9%，远高于FactSet普遍预期的17.1%。然而，AutoZone的毛利率下降，部分原因是该公司商业业务的加速。AutoZone在盘前交易中上涨1.1%。</blockquote></p><p><b>Amazon(AMZN)</b> – Amazon could announcea deal to buy MGM Studiosas soon as this week, according to a person familiar with the matter who spoke to CNBC. The projected price of up to $9 billion would make this Amazon’s largest acquisition since it bought Whole Foods in 2017 for $13.7 billion.</p><p><blockquote><b>亚马逊(AMZN)</b>-据一位接受CNBC采访的知情人士透露，亚马逊最早可能于本周宣布收购米高梅影业的交易。预计高达90亿美元的价格将成为亚马逊自2017年以137亿美元收购全食超市以来最大的一次收购。</blockquote></p><p><b>AstraZeneca(AZN)</b> – AstraZeneca’s $39 billion takeover of U.S. drugmakerAlexion Pharmaceuticals(ALXN) is the subject of a probe by British competition regulators, who want to determine if the deal will reduce competition in the U.K. and elsewhere.</p><p><blockquote><b>阿斯利康(AZN)</b>-阿斯利康以390亿美元收购美国制药商Alexion Pharmaceuticals(ALXN)的交易是英国竞争监管机构调查的对象，他们希望确定该交易是否会减少英国和其他地方的竞争。</blockquote></p><p><b>United Airlines(UAL)</b> – United said in a Securities and Exchange Commission filing that ticketed yields have accelerated during the second quarter ahead of its prior projections. It now sees the key metric of revenue per available seat mile falling about 12% this quarter compared to its prior estimate of a 20% drop.</p><p><blockquote><b>联合航空(UAL)</b>-美联航在向美国证券交易委员会提交的文件中表示，第二季度的门票收益率比之前的预测有所加速。目前，该公司预计本季度每可用座位英里收入的关键指标将下降约12%，而之前预计下降20%。</blockquote></p><p><b>Live Nation Entertainment(LYV)</b> – Live Nation President Joe Berchtold told CNBC’s “Closing Bell” that concert venue bookings are rebounding, and that it is expecting a better year in 2022 than it had in 2019. Shares added 1% in premarket action.</p><p><blockquote><b>现场国家娱乐(LYV)</b>-Live Nation总裁Joe Berchtold在CNBC的“Closing Bell”节目中表示，音乐会场地预订量正在反弹，预计2022年的表现会比2019年更好。股价在盘前上涨1%。</blockquote></p><p><b>IAC/Interactive(IAC) </b>– IAC shares jumped 5.3% in premarket trading ahead of today’s spinoff of Vimeo to IAC shareholders. Vimeo will begin trading on the Nasdaq today, with the producer of video tools valued at roughly $10 billion.</p><p><blockquote><b>IAC/Interactive（IAC）</b>-在今天将Vimeo分拆给IAC股东之前，IAC股价在盘前交易中上涨5.3%。Vimeo将于今天开始在纳斯达克交易，这家视频工具生产商的估值约为100亿美元。</blockquote></p><p><b>Petco(WOOF) </b>– The pet products retailer announced a secondary stock offering of 22 million shares, with the selling stockholder granting underwriters the option to purchase another 3.3 million shares within 30 days. Petco will not receive any proceeds from the offering. The stock fell 1.1% in the premarket.</p><p><blockquote><b>Petco(WOOF)</b>-这家宠物产品零售商宣布二次发行2200万股股票，出售股东授予承销商在30天内再购买330万股的选择权。Petco不会从此次发行中获得任何收益。该股盘前下跌1.1%。</blockquote></p><p><b>Alaska Air(ALK)</b> – Alaska Air boosted its cash flow outlook for the current quarter, saying it now expects positive cash flow of $550 million to $650 million compared to a prior projection of $450 million to $550 million. The airline cites improved travel demand as well as better-than-expected affinity card inflows. Alaska Air shares fell 2.8% in premarket trading.</p><p><blockquote><b>阿拉斯加航空(ALK)</b>-阿拉斯加航空上调了本季度的现金流预期，表示目前预计正现金流为5.5亿至6.5亿美元，而之前的预测为4.5亿至5.5亿美元。该航空公司表示，旅行需求有所改善，亲和卡流入量好于预期。阿拉斯加航空股价在盘前交易中下跌2.8%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140046763","content_text":"U.S. stock index futures rose on Tuesday, buoyed by gains in mega-cap technology-related stocks as inflation worries ebbed and U.S. bond yields eased for the fourth straight day.At 8:05 a.m. ET, Dow E-minis were up 93 points, or 0.27%, S&P 500 E-minis were up 14.5 points, or 0.35% and Nasdaq 100 E-minis were up 80.5 points, or 0.59%.*Source From Tiger Trade, EST 08:05Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc added between 0.4% and 1% in premarket trading as the yield on 10-year bond slipped to a fresh two-week low on Tuesday.Higher yields pressure valuations for tech and other growth stocks, whose future cash flows are discounted at higher rates.Stocks making the biggest moves in the premarket:Moderna(MRNA)-Moderna rose 2.33% in premarket trading after its Covid-19 vaccine was 100% effective in a study of adolescents ages 12 to 17, making it the second shot behind Pfizer's to demonstrate high efficacy in younger age groups.Lordstown Motors(RIDE) – Lordstown tumbled 13.7% in premarket trading after the electric vehicle startupsaid it needed to raise capitalto fund operations and that its production this year would be, at best, 50% of prior projections.Canopy Growth(CGC) – The cannabis producer’s shares rose 2.4% in the premarket after MKM Partners upgraded the stock to “buy” from “neutral.” MKM said sentiment surrounding the stock is so low that the current risk/reward profile is very favorable.Shake Shack(SHAK) – The restaurant chain’s stock rallied 5.2% in premarket trading after Goldman Sachs upgraded it to “buy” from “neutral.” Goldman believes a recent pullback presents a buying opportunity, given Shake Shack’s strong balance sheet and favorable long-term growth prospects. Additionally, Wedbush upgraded the stock to “outperform” from “neutral,” citing similar reasons.AutoZone(AZO) – The auto parts retailer reported quarterly profit of $26.48 per share, beating the consensus estimate of $20.14 a share. Revenue also came in above estimates. Comparable-store sales surged 28.9%, well above the consensus FactSet estimate of 17.1%. AutoZone’s gross margins dropped, however, due in part to an acceleration of the company’s commercial business. AutoZone added 1.1% in premarket trading.Amazon(AMZN) – Amazon could announcea deal to buy MGM Studiosas soon as this week, according to a person familiar with the matter who spoke to CNBC. The projected price of up to $9 billion would make this Amazon’s largest acquisition since it bought Whole Foods in 2017 for $13.7 billion.AstraZeneca(AZN) – AstraZeneca’s $39 billion takeover of U.S. drugmakerAlexion Pharmaceuticals(ALXN) is the subject of a probe by British competition regulators, who want to determine if the deal will reduce competition in the U.K. and elsewhere.United Airlines(UAL) – United said in a Securities and Exchange Commission filing that ticketed yields have accelerated during the second quarter ahead of its prior projections. It now sees the key metric of revenue per available seat mile falling about 12% this quarter compared to its prior estimate of a 20% drop.Live Nation Entertainment(LYV) – Live Nation President Joe Berchtold told CNBC’s “Closing Bell” that concert venue bookings are rebounding, and that it is expecting a better year in 2022 than it had in 2019. Shares added 1% in premarket action.IAC/Interactive(IAC) – IAC shares jumped 5.3% in premarket trading ahead of today’s spinoff of Vimeo to IAC shareholders. Vimeo will begin trading on the Nasdaq today, with the producer of video tools valued at roughly $10 billion.Petco(WOOF) – The pet products retailer announced a secondary stock offering of 22 million shares, with the selling stockholder granting underwriters the option to purchase another 3.3 million shares within 30 days. Petco will not receive any proceeds from the offering. The stock fell 1.1% in the premarket.Alaska Air(ALK) – Alaska Air boosted its cash flow outlook for the current quarter, saying it now expects positive cash flow of $550 million to $650 million compared to a prior projection of $450 million to $550 million. The airline cites improved travel demand as well as better-than-expected affinity card inflows. Alaska Air shares fell 2.8% in premarket trading.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":822,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182859495,"gmtCreate":1623564229117,"gmtModify":1631890327670,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/182859495","repostId":"1191179846","repostType":4,"isVote":1,"tweetType":1,"viewCount":611,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131285239,"gmtCreate":1621863337821,"gmtModify":1634186005967,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Woohoo","listText":"Woohoo","text":"Woohoo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/131285239","repostId":"2137130218","repostType":4,"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186253382,"gmtCreate":1623504336746,"gmtModify":1631890327670,"author":{"id":"3584698735314345","authorId":"3584698735314345","name":"jupaby","avatar":"https://static.tigerbbs.com/fa7448e766050ccb251de813667b4ac7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584698735314345","idStr":"3584698735314345"},"themes":[],"htmlText":"Neat","listText":"Neat","text":"Neat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/186253382","repostId":"1118102755","repostType":4,"repost":{"id":"1118102755","kind":"news","pubTimestamp":1623469189,"share":"https://www.laohu8.com/m/news/1118102755?lang=zh_CN&edition=full","pubTime":"2021-06-12 11:39","market":"us","language":"en","title":"Don’t be fooled — inflation is a big risk for stock market investors. Here’s how to prepare<blockquote>不要被愚弄了——通货膨胀对股市投资者来说是一个很大的风险。以下是如何准备</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1118102755","media":"MarketWatch","summary":"Michael Brush advises on how you can avoid making mistakes as bond yields rise and the central bank ","content":"<p>  <b>Michael Brush advises on how you can avoid making mistakes as bond yields rise and the central bank reduces its stimulus.</b>  Don’t be fooled by the placid response to the highest inflation rate in over a decade. Inflation will remain elevated enough to shake up the stock market, possibly causing a selloff as much as 15%. You need to prepare now.</p><p><blockquote><b>迈克尔·布拉什(Michael Brush)就如何在债券收益率上升和央行减少刺激措施时避免犯错误提出了建议。</b>不要被对十多年来最高通胀率的平静反应所迷惑。通胀将保持在足以撼动股市的高位，可能导致高达15%的抛售。你现在需要准备。</blockquote></p><p> The reason: Persistently high inflation will move the 10-year Treasury yield to 2% and get the Federal Reserve to start tapering its stimulus by the end of the year. Both will rattle the stock market.</p><p><blockquote>原因是：持续的高通胀将使10年期国债收益率升至2%，并让美联储在年底前开始缩减刺激措施。两者都会扰乱股市。</blockquote></p><p> The government said June 10 that the cost of living surged in May and drove the pace of inflation to a 13-year high of 5%.</p><p><blockquote>政府6月10日表示，5月份生活成本飙升，推动通胀率升至5%的13年高点。</blockquote></p><p> What should you do? Probably the opposite of what you are thinking. Before we get to that, here is a look at the two key events for stocks — in the bond market and at the Fed — between today and the end of the year.</p><p><blockquote>你该怎么办？可能和你想的正好相反。在我们讨论这个问题之前，我们先来看看从今天到年底之间股市的两个关键事件——债券市场和美联储。</blockquote></p><p> <b>Rising yields</b></p><p><blockquote><b>收益率上升</b></blockquote></p><p> Remember how the stock market freaked out earlier this year when the 10-year Treasury yield TMUBMUSD10Y,1.452%&nbsp;moved up to around 1.7%? Well, expect a repeat. Only worse.</p><p><blockquote>还记得今年早些时候，当10年期国债收益率TMUBMUSD10Y, 1.452%升至1.7%左右时，股市是如何恐慌的吗？好吧，期待重演。只会更糟。</blockquote></p><p> “We suspect that inflation in the U.S. will prove more persistent than investors currently appear to anticipate,” says Capital Economics economist Franziska Palmas, citing the tight labor market and wage growth. Her research group puts the 10-year yield at 2.25% by the end of this year, and 2.5% by the end of 2022.</p><p><blockquote>凯投宏观(Capital Economics)经济学家弗兰齐斯卡·帕尔马斯(Franziska Palmas)以劳动力市场紧张和工资增长为由表示：“我们怀疑美国的通胀将比投资者目前预期的更加持久。”她的研究小组预计今年年底10年期国债收益率为2.25%，2022年底为2.5%。</blockquote></p><p> That’ll be a big move from the current level of 1.5%. Stock investors tend to panic when interest rates rise a lot.</p><p><blockquote>与目前1.5%的水平相比，这将是一个很大的变化。当利率大幅上升时，股票投资者往往会感到恐慌。</blockquote></p><p> <b>Fed tapering</b></p><p><blockquote><b>美联储缩减规模</b></blockquote></p><p> Fed Chairman Jerome Powell has downplayed the need for tapering the central bank’s bond purchases to keep yields low. But half of the 12 members of the Federal Open Market Committee&nbsp;(FOMC) have recently said they’re ready to start talking about tapering. The FOMC is the Fed branch that sets monetary policy.</p><p><blockquote>美联储主席鲍威尔淡化了央行缩减购债规模以保持低收益率的必要性。但联邦公开市场委员会（FOMC）12名成员中有一半最近表示，他们准备开始讨论缩减规模。FOMC是美联储制定货币政策的分支机构。</blockquote></p><p> “It will be increasingly hard for Powell to claim the economy needs to make ‘substantial further progress’ toward achieving maximum employment before the Fed starts talking about talking about tapering,” says Ed Yardeni, author of Predicting the Markets and head of Yardeni Research. Powell has repeatedly said the Fed is awaiting “substantial further progress” in the economy before terminating its stimulus.</p><p><blockquote>《预测市场》一书的作者兼亚德尼研究主管埃德·亚德尼(Ed Yardeni)表示：“在美联储开始谈论缩减规模之前，鲍威尔越来越难以声称经济需要在实现最大就业方面取得‘实质性的进一步进展’。”鲍威尔多次表示，美联储正在等待经济取得“实质性的进一步进展”，然后再终止刺激措施。</blockquote></p><p> “Given the performance of the economy, it is reasonable to expect they will start to taper before end of year, and a few months later they will start to raise the federal funds rate,” predicts Yardeni.</p><p><blockquote>亚德尼预测：“鉴于经济表现，有理由预计他们将在年底前开始缩减规模，几个月后他们将开始提高联邦基金利率。”</blockquote></p><p> He thinks the Fed will announce a decision to start tapering in its July meeting. Tapering refers to a reduction in bond purchases by the Fed. This tightens the money supply to put the brakes on growth. Once purchases go to zero, the Fed moves on to cutting rates.</p><p><blockquote>他认为美联储将在7月会议上宣布开始缩减规模的决定。Tapering是指美联储缩减购债规模。这收紧了货币供应，抑制了经济增长。一旦购买量降至零，美联储就会继续降息。</blockquote></p><p> As we know, tapering causes a “taper tantrum” in the stock market, meaning a sharp selloff in indices like the S&amp;P 500 SPX,+0.19%,&nbsp;the Dow Jones Industrial Average DJIA,+0.04%&nbsp;and Nasdaq COMP,+0.35%.</p><p><blockquote>众所周知，缩减规模会导致股市出现“缩减恐慌”，这意味着标普500 SPX指数+0.19%、道琼斯工业平均指数道琼斯指数+0.04%和纳斯达克综合指数+0.35%等指数大幅抛售。</blockquote></p><p> <b>How to prepare</b></p><p><blockquote><b>如何准备</b></blockquote></p><p> When considering how to position for the probable selloff caused by rising bond yields and Fed tightening, the key things to remember is why these things are happening in the first place, and what history tells us about how stocks behave.</p><p><blockquote>在考虑如何为债券收益率上升和美联储紧缩政策可能引发的抛售做好准备时，要记住的关键事情是为什么会发生这些事情，以及历史告诉我们股票的表现。</blockquote></p><p> The consensus view is that tapering and rising bond yields kill off economic growth and the bull market in stocks. But this isn’t actually true.</p><p><blockquote>人们普遍认为，缩减购债规模和债券收益率上升会扼杀经济增长和股市牛市。但这实际上不是真的。</blockquote></p><p> Yes, initially, tightening can make stocks fall — or churn sideways, at best. But then stocks shake it off and move higher as the bull market continues. This makes sense, because the tightening is happening for good reasons that help companies — strong economic growth. This pushes earnings a lot higher, which resets valuations lower — back down to levels investors feel comfortable with.</p><p><blockquote>是的，最初，紧缩可能会导致股市下跌——或者充其量是横盘震荡。但随着牛市的持续，股市摆脱了这一局面并走高。这是有道理的，因为紧缩的发生是有帮助企业的充分理由的——强劲的经济增长。这大幅推高了盈利，从而将估值重置为较低——回落到投资者感到满意的水平。</blockquote></p><p> “Tapering is part and parcel of a recovery,” says Leuthold market strategist Jim Paulsen. “It is a response to successful policy and a rebound in the economy. It is a natural part of the bull market that allows the market to go higher. It’s a healthy development.”</p><p><blockquote>Leuthold市场策略师吉姆·保尔森(Jim Paulsen)表示：“缩减规模是复苏的重要组成部分。”“这是对成功政策和经济反弹的回应。这是牛市的自然组成部分，允许市场走高。这是一种健康的发展。”</blockquote></p><p> Looking through all the market fireworks that may lie ahead, Paulsen thinks underlying economic growth will push S&amp;P 500 earnings up to $220 by the end of the year. Assuming the S&amp;P 500 is at current levels or a little bit lower, that would bring the index’s price-to-earnings (P/E) ratio down to 18-19 — which is near or below the average since 1990. “That sets up the next leg of the bull market,” he says.</p><p><blockquote>纵观未来可能出现的所有市场亮点，保尔森认为潜在的经济增长将推动标普500的盈利在年底前达到220美元。假设标普500处于当前水平或略低，这将使该指数的市盈率(P/E)降至18-19——接近或低于1990年以来的平均水平。“这为牛市的下一阶段奠定了基础，”他说。</blockquote></p><p> <b>Your five-point game plan</b></p><p><blockquote><b>你的五点游戏计划</b></blockquote></p><p> <b>1. Do not go to “defensives”</b></p><p><blockquote><b>1.不要去“防御性”</b></blockquote></p><p></p><p> When people see stock market turbulence, the knee-jerk reaction is to go for the “stability” of defensive names like utilities and consumer staples. But that would be a mistake. You want to go to defensives when the economy is slowing or contracting, not when it is strong. Another problem is that defensive names pay yield. So, like bonds, they get hit by rising interest rates, which devalue dividends — and dividend-paying stocks and bonds.</p><p><blockquote>当人们看到股市动荡时，下意识的反应是追求公用事业和必需消费品等防御性股票的“稳定性”。但那将是一个错误。当经济放缓或收缩时，你想采取防御措施，而不是当经济强劲时。另一个问题是防御性名称需要支付收益。因此，与债券一样，它们也会受到利率上升的打击，利率上升会使股息以及支付股息的股票和债券贬值。</blockquote></p><p> “The best way to protect yourself is to tie your portfolio to the overheated economy. That is where the best profit growth and profit leverage is,” says Paulsen. “You do not get that with defensives.”</p><p><blockquote>“保护自己的最佳方式是将您的投资组合与过热的经济挂钩。这是最佳利润增长和利润杠杆的地方，”保尔森说。“防御性药物是不会有这种感觉的。”</blockquote></p><p> <b>2. Go with companies that benefit from growth</b></p><p><blockquote><b>2.与受益于增长的公司同行</b></blockquote></p><p> Since rapid economic growth is causing the tapering — and the growth is usually not killed off by tightening — stocks linked to growth typically are the best place to be. This means cyclicals like industrials, basic materials consumer names, small-caps and international stocks. “Slower growth consumer staples and utilities won’t keep up with growth areas of the market,” says Paulsen.</p><p><blockquote>由于快速的经济增长正在导致缩减规模——而且增长通常不会被紧缩扼杀——与增长相关的股票通常是最好的选择。这意味着周期性股票，如工业股、基础材料消费股、小盘股和国际股票。保尔森表示：“消费必需品和公用事业增长放缓将无法跟上市场增长领域的步伐。”</blockquote></p><p> I first suggested Lindblad Expeditions LIND,+0.17%&nbsp;and Cardlytics CDLX,+4.54%&nbsp;and in my stock letter, Brush Up on Stocks (the link to my site is in the bio, below) in September 2020 and November 2019. I still like and own both even though they are up 48% and 157% — or two to four times the S&amp;P 500. Recent insider buying confirms they are buys and holds around current levels. Plus, both are cyclical names. Cardlytics helps credit card companies understand customer buying patterns for marketing purposes. Lindblad offers specialized cruise adventures to exotic locales. Both benefit from economic growth that powers more consumer spending.</p><p><blockquote>我首先建议Lindblad Expeditions LIND，+0.17%和Cardlytics CDLX，+4.54%，并在我的股票信中，在2020年9月和2019年11月重温股票（我网站的链接在下面的简历中）。尽管它们的股价分别上涨了48%和157%，即标普500的两到四倍，但我仍然喜欢并拥有这两家公司。最近的内部买入证实了他们在当前水平附近买入并持有。另外，两者都是循环名称。Cardlytics帮助信用卡公司出于营销目的了解客户购买模式。Lindblad提供专门的异国情调的邮轮冒险。两者都受益于推动更多消费者支出的经济增长。</blockquote></p><p> <b>3. Do not get out of stocks</b></p><p><blockquote><b>3、不脱销库存</b></blockquote></p><p> If you think a selloff is coming, it might be tempting to try to get out of stocks right before that, to buy back after the weakness happens. But this is a lot harder than you think. In fact, it is almost impossible to get the timing right, say market veterans.</p><p><blockquote>如果您认为抛售即将到来，那么在此之前尝试卖出股票，并在疲软发生后回购股票可能很诱人。但这比你想象的要困难得多。市场资深人士表示，事实上，几乎不可能把握好时机。</blockquote></p><p> “You have to make two smart decisions,” says Yardeni. “You have to get out just before the correction and then you have to decide when to get back in. I don’t know of too many people that can do that consistently.”</p><p><blockquote>“你必须做出两个明智的决定，”亚德尼说。“你必须在修正之前退出，然后你必须决定何时重新加入。我不知道有多少人能始终如一地做到这一点。”</blockquote></p><p> Market timers often get out and don’t get back in, and they miss the next leg up. “You can get yourself into trouble trying to avoid the correction,” says Paulsen.</p><p><blockquote>市场计时器通常会退出，不会再回来，他们会错过下一轮上涨。“试图避免调整可能会给自己带来麻烦，”保尔森说。</blockquote></p><p> <b>4. Do not own bonds</b></p><p><blockquote><b>4.不持有债券</b></blockquote></p><p> Bond yields will be 2% or higher by the end of year. So don’t own bonds, whose prices fall when yields rise — unless you simply plan to hold to maturity to collect the income.</p><p><blockquote>到年底，债券收益率将达到2%或更高。因此，不要持有债券，当收益率上升时，债券的价格就会下跌——除非您只是计划持有至到期以收取收入。</blockquote></p><p> <b>5. Go with financials</b></p><p><blockquote><b>5.选择财务</b></blockquote></p><p> Strong economies typically make the yield curve more upward sloping, meaning that long-term interest rates on 10-year Treasuries rise a lot faster than short-term interest rates. Since banks borrow at the short end and lend at the long end, steepening yield curves help them.</p><p><blockquote>强劲的经济体通常会使收益率曲线更加向上倾斜，这意味着10年期国债的长期利率上升速度远快于短期利率。由于银行在短端借款，在长端放贷，陡峭的收益率曲线对它们有帮助。</blockquote></p><p> The strong economy will also help banks release reserves and lower provisions for loan losses, both of which can boost earnings, points out Yardeni. Both JPMorgan Chase JPM,-0.07%&nbsp;and Bank of America BAC,+0.41%&nbsp;are up over twice as much as the S&amp;P 500 since I suggested them in my stock letter last August. But they still look attractive. Recent pattern buying by smart insiders among smaller banks confirms the sector is still one to own, despite the strength over the past few quarters.</p><p><blockquote>亚德尼指出，强劲的经济还将帮助银行释放准备金并降低贷款损失准备金，这两者都可以提高收益。自从我去年8月在股票信中提出建议以来，摩根大通JPM(-0.07%)和美国银行BAC(+0.41%)的涨幅都是标普500的两倍多。但它们看起来仍然很有吸引力。小型银行中聪明的内部人士最近的买入模式证实，尽管过去几个季度表现强劲，但该行业仍然值得持有。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Don’t be fooled — inflation is a big risk for stock market investors. Here’s how to prepare<blockquote>不要被愚弄了——通货膨胀对股市投资者来说是一个很大的风险。以下是如何准备</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDon’t be fooled — inflation is a big risk for stock market investors. Here’s how to prepare<blockquote>不要被愚弄了——通货膨胀对股市投资者来说是一个很大的风险。以下是如何准备</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-06-12 11:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>Michael Brush advises on how you can avoid making mistakes as bond yields rise and the central bank reduces its stimulus.</b>  Don’t be fooled by the placid response to the highest inflation rate in over a decade. Inflation will remain elevated enough to shake up the stock market, possibly causing a selloff as much as 15%. You need to prepare now.</p><p><blockquote><b>迈克尔·布拉什(Michael Brush)就如何在债券收益率上升和央行减少刺激措施时避免犯错误提出了建议。</b>不要被对十多年来最高通胀率的平静反应所迷惑。通胀将保持在足以撼动股市的高位，可能导致高达15%的抛售。你现在需要准备。</blockquote></p><p> The reason: Persistently high inflation will move the 10-year Treasury yield to 2% and get the Federal Reserve to start tapering its stimulus by the end of the year. Both will rattle the stock market.</p><p><blockquote>原因是：持续的高通胀将使10年期国债收益率升至2%，并让美联储在年底前开始缩减刺激措施。两者都会扰乱股市。</blockquote></p><p> The government said June 10 that the cost of living surged in May and drove the pace of inflation to a 13-year high of 5%.</p><p><blockquote>政府6月10日表示，5月份生活成本飙升，推动通胀率升至5%的13年高点。</blockquote></p><p> What should you do? Probably the opposite of what you are thinking. Before we get to that, here is a look at the two key events for stocks — in the bond market and at the Fed — between today and the end of the year.</p><p><blockquote>你该怎么办？可能和你想的正好相反。在我们讨论这个问题之前，我们先来看看从今天到年底之间股市的两个关键事件——债券市场和美联储。</blockquote></p><p> <b>Rising yields</b></p><p><blockquote><b>收益率上升</b></blockquote></p><p> Remember how the stock market freaked out earlier this year when the 10-year Treasury yield TMUBMUSD10Y,1.452%&nbsp;moved up to around 1.7%? Well, expect a repeat. Only worse.</p><p><blockquote>还记得今年早些时候，当10年期国债收益率TMUBMUSD10Y, 1.452%升至1.7%左右时，股市是如何恐慌的吗？好吧，期待重演。只会更糟。</blockquote></p><p> “We suspect that inflation in the U.S. will prove more persistent than investors currently appear to anticipate,” says Capital Economics economist Franziska Palmas, citing the tight labor market and wage growth. Her research group puts the 10-year yield at 2.25% by the end of this year, and 2.5% by the end of 2022.</p><p><blockquote>凯投宏观(Capital Economics)经济学家弗兰齐斯卡·帕尔马斯(Franziska Palmas)以劳动力市场紧张和工资增长为由表示：“我们怀疑美国的通胀将比投资者目前预期的更加持久。”她的研究小组预计今年年底10年期国债收益率为2.25%，2022年底为2.5%。</blockquote></p><p> That’ll be a big move from the current level of 1.5%. Stock investors tend to panic when interest rates rise a lot.</p><p><blockquote>与目前1.5%的水平相比，这将是一个很大的变化。当利率大幅上升时，股票投资者往往会感到恐慌。</blockquote></p><p> <b>Fed tapering</b></p><p><blockquote><b>美联储缩减规模</b></blockquote></p><p> Fed Chairman Jerome Powell has downplayed the need for tapering the central bank’s bond purchases to keep yields low. But half of the 12 members of the Federal Open Market Committee&nbsp;(FOMC) have recently said they’re ready to start talking about tapering. The FOMC is the Fed branch that sets monetary policy.</p><p><blockquote>美联储主席鲍威尔淡化了央行缩减购债规模以保持低收益率的必要性。但联邦公开市场委员会（FOMC）12名成员中有一半最近表示，他们准备开始讨论缩减规模。FOMC是美联储制定货币政策的分支机构。</blockquote></p><p> “It will be increasingly hard for Powell to claim the economy needs to make ‘substantial further progress’ toward achieving maximum employment before the Fed starts talking about talking about tapering,” says Ed Yardeni, author of Predicting the Markets and head of Yardeni Research. Powell has repeatedly said the Fed is awaiting “substantial further progress” in the economy before terminating its stimulus.</p><p><blockquote>《预测市场》一书的作者兼亚德尼研究主管埃德·亚德尼(Ed Yardeni)表示：“在美联储开始谈论缩减规模之前，鲍威尔越来越难以声称经济需要在实现最大就业方面取得‘实质性的进一步进展’。”鲍威尔多次表示，美联储正在等待经济取得“实质性的进一步进展”，然后再终止刺激措施。</blockquote></p><p> “Given the performance of the economy, it is reasonable to expect they will start to taper before end of year, and a few months later they will start to raise the federal funds rate,” predicts Yardeni.</p><p><blockquote>亚德尼预测：“鉴于经济表现，有理由预计他们将在年底前开始缩减规模，几个月后他们将开始提高联邦基金利率。”</blockquote></p><p> He thinks the Fed will announce a decision to start tapering in its July meeting. Tapering refers to a reduction in bond purchases by the Fed. This tightens the money supply to put the brakes on growth. Once purchases go to zero, the Fed moves on to cutting rates.</p><p><blockquote>他认为美联储将在7月会议上宣布开始缩减规模的决定。Tapering是指美联储缩减购债规模。这收紧了货币供应，抑制了经济增长。一旦购买量降至零，美联储就会继续降息。</blockquote></p><p> As we know, tapering causes a “taper tantrum” in the stock market, meaning a sharp selloff in indices like the S&amp;P 500 SPX,+0.19%,&nbsp;the Dow Jones Industrial Average DJIA,+0.04%&nbsp;and Nasdaq COMP,+0.35%.</p><p><blockquote>众所周知，缩减规模会导致股市出现“缩减恐慌”，这意味着标普500 SPX指数+0.19%、道琼斯工业平均指数道琼斯指数+0.04%和纳斯达克综合指数+0.35%等指数大幅抛售。</blockquote></p><p> <b>How to prepare</b></p><p><blockquote><b>如何准备</b></blockquote></p><p> When considering how to position for the probable selloff caused by rising bond yields and Fed tightening, the key things to remember is why these things are happening in the first place, and what history tells us about how stocks behave.</p><p><blockquote>在考虑如何为债券收益率上升和美联储紧缩政策可能引发的抛售做好准备时，要记住的关键事情是为什么会发生这些事情，以及历史告诉我们股票的表现。</blockquote></p><p> The consensus view is that tapering and rising bond yields kill off economic growth and the bull market in stocks. But this isn’t actually true.</p><p><blockquote>人们普遍认为，缩减购债规模和债券收益率上升会扼杀经济增长和股市牛市。但这实际上不是真的。</blockquote></p><p> Yes, initially, tightening can make stocks fall — or churn sideways, at best. But then stocks shake it off and move higher as the bull market continues. This makes sense, because the tightening is happening for good reasons that help companies — strong economic growth. This pushes earnings a lot higher, which resets valuations lower — back down to levels investors feel comfortable with.</p><p><blockquote>是的，最初，紧缩可能会导致股市下跌——或者充其量是横盘震荡。但随着牛市的持续，股市摆脱了这一局面并走高。这是有道理的，因为紧缩的发生是有帮助企业的充分理由的——强劲的经济增长。这大幅推高了盈利，从而将估值重置为较低——回落到投资者感到满意的水平。</blockquote></p><p> “Tapering is part and parcel of a recovery,” says Leuthold market strategist Jim Paulsen. “It is a response to successful policy and a rebound in the economy. It is a natural part of the bull market that allows the market to go higher. It’s a healthy development.”</p><p><blockquote>Leuthold市场策略师吉姆·保尔森(Jim Paulsen)表示：“缩减规模是复苏的重要组成部分。”“这是对成功政策和经济反弹的回应。这是牛市的自然组成部分，允许市场走高。这是一种健康的发展。”</blockquote></p><p> Looking through all the market fireworks that may lie ahead, Paulsen thinks underlying economic growth will push S&amp;P 500 earnings up to $220 by the end of the year. Assuming the S&amp;P 500 is at current levels or a little bit lower, that would bring the index’s price-to-earnings (P/E) ratio down to 18-19 — which is near or below the average since 1990. “That sets up the next leg of the bull market,” he says.</p><p><blockquote>纵观未来可能出现的所有市场亮点，保尔森认为潜在的经济增长将推动标普500的盈利在年底前达到220美元。假设标普500处于当前水平或略低，这将使该指数的市盈率(P/E)降至18-19——接近或低于1990年以来的平均水平。“这为牛市的下一阶段奠定了基础，”他说。</blockquote></p><p> <b>Your five-point game plan</b></p><p><blockquote><b>你的五点游戏计划</b></blockquote></p><p> <b>1. Do not go to “defensives”</b></p><p><blockquote><b>1.不要去“防御性”</b></blockquote></p><p></p><p> When people see stock market turbulence, the knee-jerk reaction is to go for the “stability” of defensive names like utilities and consumer staples. But that would be a mistake. You want to go to defensives when the economy is slowing or contracting, not when it is strong. Another problem is that defensive names pay yield. So, like bonds, they get hit by rising interest rates, which devalue dividends — and dividend-paying stocks and bonds.</p><p><blockquote>当人们看到股市动荡时，下意识的反应是追求公用事业和必需消费品等防御性股票的“稳定性”。但那将是一个错误。当经济放缓或收缩时，你想采取防御措施，而不是当经济强劲时。另一个问题是防御性名称需要支付收益。因此，与债券一样，它们也会受到利率上升的打击，利率上升会使股息以及支付股息的股票和债券贬值。</blockquote></p><p> “The best way to protect yourself is to tie your portfolio to the overheated economy. That is where the best profit growth and profit leverage is,” says Paulsen. “You do not get that with defensives.”</p><p><blockquote>“保护自己的最佳方式是将您的投资组合与过热的经济挂钩。这是最佳利润增长和利润杠杆的地方，”保尔森说。“防御性药物是不会有这种感觉的。”</blockquote></p><p> <b>2. Go with companies that benefit from growth</b></p><p><blockquote><b>2.与受益于增长的公司同行</b></blockquote></p><p> Since rapid economic growth is causing the tapering — and the growth is usually not killed off by tightening — stocks linked to growth typically are the best place to be. This means cyclicals like industrials, basic materials consumer names, small-caps and international stocks. “Slower growth consumer staples and utilities won’t keep up with growth areas of the market,” says Paulsen.</p><p><blockquote>由于快速的经济增长正在导致缩减规模——而且增长通常不会被紧缩扼杀——与增长相关的股票通常是最好的选择。这意味着周期性股票，如工业股、基础材料消费股、小盘股和国际股票。保尔森表示：“消费必需品和公用事业增长放缓将无法跟上市场增长领域的步伐。”</blockquote></p><p> I first suggested Lindblad Expeditions LIND,+0.17%&nbsp;and Cardlytics CDLX,+4.54%&nbsp;and in my stock letter, Brush Up on Stocks (the link to my site is in the bio, below) in September 2020 and November 2019. I still like and own both even though they are up 48% and 157% — or two to four times the S&amp;P 500. Recent insider buying confirms they are buys and holds around current levels. Plus, both are cyclical names. Cardlytics helps credit card companies understand customer buying patterns for marketing purposes. Lindblad offers specialized cruise adventures to exotic locales. Both benefit from economic growth that powers more consumer spending.</p><p><blockquote>我首先建议Lindblad Expeditions LIND，+0.17%和Cardlytics CDLX，+4.54%，并在我的股票信中，在2020年9月和2019年11月重温股票（我网站的链接在下面的简历中）。尽管它们的股价分别上涨了48%和157%，即标普500的两到四倍，但我仍然喜欢并拥有这两家公司。最近的内部买入证实了他们在当前水平附近买入并持有。另外，两者都是循环名称。Cardlytics帮助信用卡公司出于营销目的了解客户购买模式。Lindblad提供专门的异国情调的邮轮冒险。两者都受益于推动更多消费者支出的经济增长。</blockquote></p><p> <b>3. Do not get out of stocks</b></p><p><blockquote><b>3、不脱销库存</b></blockquote></p><p> If you think a selloff is coming, it might be tempting to try to get out of stocks right before that, to buy back after the weakness happens. But this is a lot harder than you think. In fact, it is almost impossible to get the timing right, say market veterans.</p><p><blockquote>如果您认为抛售即将到来，那么在此之前尝试卖出股票，并在疲软发生后回购股票可能很诱人。但这比你想象的要困难得多。市场资深人士表示，事实上，几乎不可能把握好时机。</blockquote></p><p> “You have to make two smart decisions,” says Yardeni. “You have to get out just before the correction and then you have to decide when to get back in. I don’t know of too many people that can do that consistently.”</p><p><blockquote>“你必须做出两个明智的决定，”亚德尼说。“你必须在修正之前退出，然后你必须决定何时重新加入。我不知道有多少人能始终如一地做到这一点。”</blockquote></p><p> Market timers often get out and don’t get back in, and they miss the next leg up. “You can get yourself into trouble trying to avoid the correction,” says Paulsen.</p><p><blockquote>市场计时器通常会退出，不会再回来，他们会错过下一轮上涨。“试图避免调整可能会给自己带来麻烦，”保尔森说。</blockquote></p><p> <b>4. Do not own bonds</b></p><p><blockquote><b>4.不持有债券</b></blockquote></p><p> Bond yields will be 2% or higher by the end of year. So don’t own bonds, whose prices fall when yields rise — unless you simply plan to hold to maturity to collect the income.</p><p><blockquote>到年底，债券收益率将达到2%或更高。因此，不要持有债券，当收益率上升时，债券的价格就会下跌——除非您只是计划持有至到期以收取收入。</blockquote></p><p> <b>5. Go with financials</b></p><p><blockquote><b>5.选择财务</b></blockquote></p><p> Strong economies typically make the yield curve more upward sloping, meaning that long-term interest rates on 10-year Treasuries rise a lot faster than short-term interest rates. Since banks borrow at the short end and lend at the long end, steepening yield curves help them.</p><p><blockquote>强劲的经济体通常会使收益率曲线更加向上倾斜，这意味着10年期国债的长期利率上升速度远快于短期利率。由于银行在短端借款，在长端放贷，陡峭的收益率曲线对它们有帮助。</blockquote></p><p> The strong economy will also help banks release reserves and lower provisions for loan losses, both of which can boost earnings, points out Yardeni. Both JPMorgan Chase JPM,-0.07%&nbsp;and Bank of America BAC,+0.41%&nbsp;are up over twice as much as the S&amp;P 500 since I suggested them in my stock letter last August. But they still look attractive. Recent pattern buying by smart insiders among smaller banks confirms the sector is still one to own, despite the strength over the past few quarters.</p><p><blockquote>亚德尼指出，强劲的经济还将帮助银行释放准备金并降低贷款损失准备金，这两者都可以提高收益。自从我去年8月在股票信中提出建议以来，摩根大通JPM(-0.07%)和美国银行BAC(+0.41%)的涨幅都是标普500的两倍多。但它们看起来仍然很有吸引力。小型银行中聪明的内部人士最近的买入模式证实，尽管过去几个季度表现强劲，但该行业仍然值得持有。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/dont-be-fooled-inflation-is-a-big-risk-for-stock-market-investors-heres-how-to-prepare-11623421036?siteid=yhoof2\">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":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/dont-be-fooled-inflation-is-a-big-risk-for-stock-market-investors-heres-how-to-prepare-11623421036?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118102755","content_text":"Michael Brush advises on how you can avoid making mistakes as bond yields rise and the central bank reduces its stimulus.\n\nDon’t be fooled by the placid response to the highest inflation rate in over a decade. Inflation will remain elevated enough to shake up the stock market, possibly causing a selloff as much as 15%. You need to prepare now.\nThe reason: Persistently high inflation will move the 10-year Treasury yield to 2% and get the Federal Reserve to start tapering its stimulus by the end of the year. Both will rattle the stock market.\nThe government said June 10 that the cost of living surged in May and drove the pace of inflation to a 13-year high of 5%.\nWhat should you do? Probably the opposite of what you are thinking. Before we get to that, here is a look at the two key events for stocks — in the bond market and at the Fed — between today and the end of the year.\nRising yields\nRemember how the stock market freaked out earlier this year when the 10-year Treasury yield TMUBMUSD10Y,1.452% moved up to around 1.7%? Well, expect a repeat. Only worse.\n“We suspect that inflation in the U.S. will prove more persistent than investors currently appear to anticipate,” says Capital Economics economist Franziska Palmas, citing the tight labor market and wage growth. Her research group puts the 10-year yield at 2.25% by the end of this year, and 2.5% by the end of 2022.\nThat’ll be a big move from the current level of 1.5%. Stock investors tend to panic when interest rates rise a lot.\nFed tapering\nFed Chairman Jerome Powell has downplayed the need for tapering the central bank’s bond purchases to keep yields low. But half of the 12 members of the Federal Open Market Committee (FOMC) have recently said they’re ready to start talking about tapering. The FOMC is the Fed branch that sets monetary policy.\n“It will be increasingly hard for Powell to claim the economy needs to make ‘substantial further progress’ toward achieving maximum employment before the Fed starts talking about talking about tapering,” says Ed Yardeni, author of Predicting the Markets and head of Yardeni Research. Powell has repeatedly said the Fed is awaiting “substantial further progress” in the economy before terminating its stimulus.\n“Given the performance of the economy, it is reasonable to expect they will start to taper before end of year, and a few months later they will start to raise the federal funds rate,” predicts Yardeni.\nHe thinks the Fed will announce a decision to start tapering in its July meeting. Tapering refers to a reduction in bond purchases by the Fed. This tightens the money supply to put the brakes on growth. Once purchases go to zero, the Fed moves on to cutting rates.\nAs we know, tapering causes a “taper tantrum” in the stock market, meaning a sharp selloff in indices like the S&P 500 SPX,+0.19%, the Dow Jones Industrial Average DJIA,+0.04% and Nasdaq COMP,+0.35%.\nHow to prepare\nWhen considering how to position for the probable selloff caused by rising bond yields and Fed tightening, the key things to remember is why these things are happening in the first place, and what history tells us about how stocks behave.\nThe consensus view is that tapering and rising bond yields kill off economic growth and the bull market in stocks. But this isn’t actually true.\nYes, initially, tightening can make stocks fall — or churn sideways, at best. But then stocks shake it off and move higher as the bull market continues. This makes sense, because the tightening is happening for good reasons that help companies — strong economic growth. This pushes earnings a lot higher, which resets valuations lower — back down to levels investors feel comfortable with.\n“Tapering is part and parcel of a recovery,” says Leuthold market strategist Jim Paulsen. “It is a response to successful policy and a rebound in the economy. It is a natural part of the bull market that allows the market to go higher. It’s a healthy development.”\nLooking through all the market fireworks that may lie ahead, Paulsen thinks underlying economic growth will push S&P 500 earnings up to $220 by the end of the year. Assuming the S&P 500 is at current levels or a little bit lower, that would bring the index’s price-to-earnings (P/E) ratio down to 18-19 — which is near or below the average since 1990. “That sets up the next leg of the bull market,” he says.\nYour five-point game plan\n1. Do not go to “defensives”\nWhen people see stock market turbulence, the knee-jerk reaction is to go for the “stability” of defensive names like utilities and consumer staples. But that would be a mistake. You want to go to defensives when the economy is slowing or contracting, not when it is strong. Another problem is that defensive names pay yield. So, like bonds, they get hit by rising interest rates, which devalue dividends — and dividend-paying stocks and bonds.\n“The best way to protect yourself is to tie your portfolio to the overheated economy. That is where the best profit growth and profit leverage is,” says Paulsen. “You do not get that with defensives.”\n2. Go with companies that benefit from growth\nSince rapid economic growth is causing the tapering — and the growth is usually not killed off by tightening — stocks linked to growth typically are the best place to be. This means cyclicals like industrials, basic materials consumer names, small-caps and international stocks. “Slower growth consumer staples and utilities won’t keep up with growth areas of the market,” says Paulsen.\nI first suggested Lindblad Expeditions LIND,+0.17% and Cardlytics CDLX,+4.54% and in my stock letter, Brush Up on Stocks (the link to my site is in the bio, below) in September 2020 and November 2019. I still like and own both even though they are up 48% and 157% — or two to four times the S&P 500. Recent insider buying confirms they are buys and holds around current levels. Plus, both are cyclical names. Cardlytics helps credit card companies understand customer buying patterns for marketing purposes. Lindblad offers specialized cruise adventures to exotic locales. Both benefit from economic growth that powers more consumer spending.\n3. Do not get out of stocks\nIf you think a selloff is coming, it might be tempting to try to get out of stocks right before that, to buy back after the weakness happens. But this is a lot harder than you think. In fact, it is almost impossible to get the timing right, say market veterans.\n“You have to make two smart decisions,” says Yardeni. “You have to get out just before the correction and then you have to decide when to get back in. I don’t know of too many people that can do that consistently.”\nMarket timers often get out and don’t get back in, and they miss the next leg up. “You can get yourself into trouble trying to avoid the correction,” says Paulsen.\n4. Do not own bonds\nBond yields will be 2% or higher by the end of year. So don’t own bonds, whose prices fall when yields rise — unless you simply plan to hold to maturity to collect the income.\n5. Go with financials\nStrong economies typically make the yield curve more upward sloping, meaning that long-term interest rates on 10-year Treasuries rise a lot faster than short-term interest rates. Since banks borrow at the short end and lend at the long end, steepening yield curves help them.\nThe strong economy will also help banks release reserves and lower provisions for loan losses, both of which can boost earnings, points out Yardeni. Both JPMorgan Chase JPM,-0.07% and Bank of America BAC,+0.41% are up over twice as much as the S&P 500 since I suggested them in my stock letter last August. But they still look attractive. Recent pattern buying by smart insiders among smaller banks confirms the sector is still one to own, despite the strength over the past few quarters.","news_type":1,"symbols_score_info":{"SPY":0.9,".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}