Qlee10 personal page - To The Moon

Qlee10

Qlee10

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2021-12-17

wowww apple!!

2021-07-07

wow

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2021-07-06

oh no

What Does the End of the Quarter Mean for Portfolio Management?

2021-07-06

wow

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2021-07-05

wow

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2021-07-05

oh no

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2021-07-01

comment

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2021-07-01

interesting

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2021-07-01

like for like thanks

Why NIO Stock Is Moving Higher Today

2021-06-30

like for like

Can AMD Go on a Rally Like Nvidia and Hit All-Time Highs?

2021-06-30

wow like for like

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2021-06-30

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2021-06-28

wow

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2021-06-26

wow

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2021-06-25

cool

Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again

2021-06-25

wow

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2021-06-24

comment

SEC chief focuses on zero-commission trades and SPACs, rather than crypto in speech

2021-06-24

scary

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2021-06-24

woww

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2021-06-24

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Go to Tiger App to see more news

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no&nbsp;","listText":"oh no&nbsp;","text":"oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154733416","repostId":"1155435134","repostType":4,"repost":{"id":"1155435134","kind":"news","pubTimestamp":1625483300,"share":"https://ttm.financial/m/news/1155435134?lang=en_US&edition=fundamental","pubTime":"2021-07-05 19:08","market":"hk","language":"en","title":"What Does the End of the Quarter Mean for Portfolio Management?","url":"https://stock-news.laohu8.com/highlight/detail?id=1155435134","media":"investopedia","summary":"The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the","content":"<p>The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and December, or Q4. These are considered important times for investors. Many businesses, analysts, government agencies, and theFederal Reserverelease critical new data about various markets or economic indicators at the end of a quarter.</p>\n<p>There's a widely held belief in financial circles that hedge funds, pension funds, and insurance companies always rebalance their portfolios at the end of each quarter. While no proof or evidence has ever been put forward to confirm this practice or its prevalence, the very idea reinforces the concept that the end of a quarter is significant.</p>\n<p>Even if major financial players do not always rebalance at the end of quarters, many investors use this time to re-evaluate their ownportfolio management, changing which assets comprise the portfolio or setting new portfolio targets. Not only is it a good idea for investors to monitor their investments from time-to-time but rarely is so much new, actionable information released as during the end of a quarter.</p>\n<p>Rebalancing a Portfolio</p>\n<p>Rebalancinginvolves the periodic sale and purchase of assets within a portfolio to maintain a target ratio.2Consider an investor who wants his portfolio to be comprised of 50% growth stocks, 25% income stocks, and 25% bonds. If during Q1, the growth stocks outperform the other investments substantially, the investor may decide to sell some growth stocks or purchase more income stocks and bonds to bring the portfolio back to a 50-25-25 split.</p>\n<p>KEY TAKEAWAYS</p>\n<ul>\n <li>The end of the three-month period known as a financial quarter is considered an important time for investors.</li>\n <li>Companies, financial analysts, and government agencies (including the Fed) all release reports and critical data at the end of a quarter.</li>\n <li>Both retail and institutional investors often use the end of a quarter to re-evaluate and rebalance their portfolios.</li>\n</ul>\n<p>Traditional rebalancing involves trading the gains of well-performing assets, by selling high, for more low-performing assets, by buying low, at the end of each quarter. Theoretically, this serves to protect a portfolio from being too exposed or straying too far from its original strategy. However, pegging rebalances to the end of quarters relies on arbitrary calendar events which may not coincide with market movements. Nevertheless, the confluence of new reports that emerge at the end of quarters usually causes market reactions and should be of concern to most participants.</p>\n<p>Institutional Investors and Rebalancing</p>\n<p>It is not just individual investors who consider making portfolio moves at the end of quarters. Portfolio management is also important for institutional investors, like mutual funds and exchange-traded funds, or ETFs.3</p>\n<p>There are two forms of fund portfolio management: active and passive.4Passive funds generally peg their portfolios to market indexes and involve fewer changes in exchange for lower management fees. The end of a quarter is less significant for these types of funds, though if theirbenchmark indexeschange at this time, they will as well.</p>\n<p>Active funds have a manager or team of managers who take a more proactive approach to beat market average returns. These funds can be quite active during the end of quarters, especially if their portfolios need to be adjusted to meet their previously stated goals and strategies.</p>","source":"lsy1606203311635","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Does the End of the Quarter Mean for Portfolio Management?</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Does the End of the Quarter Mean for Portfolio Management?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 19:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral><strong>investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and ...</p>\n\n<a href=\"https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155435134","content_text":"The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and December, or Q4. These are considered important times for investors. Many businesses, analysts, government agencies, and theFederal Reserverelease critical new data about various markets or economic indicators at the end of a quarter.\nThere's a widely held belief in financial circles that hedge funds, pension funds, and insurance companies always rebalance their portfolios at the end of each quarter. While no proof or evidence has ever been put forward to confirm this practice or its prevalence, the very idea reinforces the concept that the end of a quarter is significant.\nEven if major financial players do not always rebalance at the end of quarters, many investors use this time to re-evaluate their ownportfolio management, changing which assets comprise the portfolio or setting new portfolio targets. Not only is it a good idea for investors to monitor their investments from time-to-time but rarely is so much new, actionable information released as during the end of a quarter.\nRebalancing a Portfolio\nRebalancinginvolves the periodic sale and purchase of assets within a portfolio to maintain a target ratio.2Consider an investor who wants his portfolio to be comprised of 50% growth stocks, 25% income stocks, and 25% bonds. If during Q1, the growth stocks outperform the other investments substantially, the investor may decide to sell some growth stocks or purchase more income stocks and bonds to bring the portfolio back to a 50-25-25 split.\nKEY TAKEAWAYS\n\nThe end of the three-month period known as a financial quarter is considered an important time for investors.\nCompanies, financial analysts, and government agencies (including the Fed) all release reports and critical data at the end of a quarter.\nBoth retail and institutional investors often use the end of a quarter to re-evaluate and rebalance their portfolios.\n\nTraditional rebalancing involves trading the gains of well-performing assets, by selling high, for more low-performing assets, by buying low, at the end of each quarter. Theoretically, this serves to protect a portfolio from being too exposed or straying too far from its original strategy. However, pegging rebalances to the end of quarters relies on arbitrary calendar events which may not coincide with market movements. Nevertheless, the confluence of new reports that emerge at the end of quarters usually causes market reactions and should be of concern to most participants.\nInstitutional Investors and Rebalancing\nIt is not just individual investors who consider making portfolio moves at the end of quarters. Portfolio management is also important for institutional investors, like mutual funds and exchange-traded funds, or ETFs.3\nThere are two forms of fund portfolio management: active and passive.4Passive funds generally peg their portfolios to market indexes and involve fewer changes in exchange for lower management fees. The end of a quarter is less significant for these types of funds, though if theirbenchmark indexeschange at this time, they will as well.\nActive funds have a manager or team of managers who take a more proactive approach to beat market average returns. These funds can be quite active during the end of quarters, especially if their portfolios need to be adjusted to meet their previously stated goals and strategies.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2740,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154739808,"gmtCreate":1625544344204,"gmtModify":1703743407610,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154739808","repostId":"1190430616","repostType":4,"isVote":1,"tweetType":1,"viewCount":2532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155718480,"gmtCreate":1625453202940,"gmtModify":1703742001249,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/155718480","repostId":"1172720964","repostType":4,"isVote":1,"tweetType":1,"viewCount":2586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155711266,"gmtCreate":1625453110255,"gmtModify":1703741999757,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"oh no&nbsp;","listText":"oh no&nbsp;","text":"oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/155711266","repostId":"1169840279","repostType":4,"isVote":1,"tweetType":1,"viewCount":3221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158154091,"gmtCreate":1625139724513,"gmtModify":1703736918716,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"comment&nbsp;","listText":"comment&nbsp;","text":"comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/158154091","repostId":"1154991106","repostType":4,"isVote":1,"tweetType":1,"viewCount":3984,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158951638,"gmtCreate":1625125435424,"gmtModify":1703736621086,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"interesting&nbsp;","listText":"interesting&nbsp;","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158951638","repostId":"2147146918","repostType":4,"isVote":1,"tweetType":1,"viewCount":2676,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158953123,"gmtCreate":1625125375562,"gmtModify":1703736619276,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"like for like thanks&nbsp;","listText":"like for like thanks&nbsp;","text":"like for like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/158953123","repostId":"1121473384","repostType":4,"repost":{"id":"1121473384","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":1625067394,"share":"https://ttm.financial/m/news/1121473384?lang=en_US&edition=fundamental","pubTime":"2021-06-30 23:36","market":"us","language":"en","title":"Why NIO Stock Is Moving Higher Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1121473384","media":"Tiger Newspress","summary":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.Shares of Chinese electric-vehicle maker NIOwere moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $5","content":"<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p>\n<p>Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p>\n<p>As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p>\n<p>In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p>\n<p>Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p>\n<p>NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p>\n<p>Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</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>Why NIO Stock Is Moving Higher Today</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy NIO Stock Is Moving Higher Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\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\">2021-06-30 23:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p>\n<p>Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p>\n<p>As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p>\n<p>In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p>\n<p>Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p>\n<p>NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p>\n<p>Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121473384","content_text":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.\nShares of Chinese electric-vehicle maker NIO(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.\nAs of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.\nIn a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.\nChung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target price-to-earnings multiple for NIO's shares.\nNIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of between 21,000 and 22,000 vehicles for the second quarter. Through the end of May, it had delivered 13,183 vehicles despite production disruptions caused by shortages of computer chips.\nWill NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":4362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153434460,"gmtCreate":1625041754550,"gmtModify":1703850730473,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"like for like&nbsp;","listText":"like for like&nbsp;","text":"like for like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153434460","repostId":"1140918239","repostType":4,"repost":{"id":"1140918239","kind":"news","pubTimestamp":1625036743,"share":"https://ttm.financial/m/news/1140918239?lang=en_US&edition=fundamental","pubTime":"2021-06-30 15:05","market":"us","language":"en","title":"Can AMD Go on a Rally Like Nvidia and Hit All-Time Highs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1140918239","media":"TheStreet","summary":"AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvid","content":"<p>AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvidia has over the last few months?</p>\n<p>First it was Nvidia&nbsp;that enjoyed the big gains. It it now Advanced Micro Devices’&nbsp;turn?</p>\n<p>Shares have risen 2.8% on Tuesday as the stock ishitting its highest levels since February.</p>\n<p>The stock was flirting with a move over range resistance on Monday, but is really pushing higher on Tuesday. The rally comes on positive reports regarding U.K. regulators and AMD’s acquisition of Xilinx.</p>\n<p>For its part, Xilinx shares are also hitting the highest levels since February.</p>\n<p>Nvidia and the VanEck Semiconductor ETF&nbsp;both hit new highs this week. With AMD stock continuing to consolidate and now making progresson its $35 billion acquisition, can it too break out to new highs?</p>\n<p>Let’s look at the chart.</p>\n<p><b>Trading AMD</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5c985680e6c9aef976554f75490f55e\" tg-width=\"1240\" tg-height=\"760\"><span>Weekly chart of AMD stock.</span></p>\n<p>In July 2020, AMD stock exploded over $60 resistance, quickly climbing to a high of $87.29 in just a couple of weeks.</p>\n<p>After that, the stock settled down, bouncing between $74 and $88. Eventually, AMD broke out to a new range, with $88 acting as<i>support</i>instead of resistance, and the $94 to $96 area acting as resistance.</p>\n<p>Interestingly, support eventually gave way and AMD fell back into prior trading range.</p>\n<p>As I mentioned in the opening part of the story, AMD is breaking out over $87 to $88 range resistance again as the&nbsp;stock is pushing to multi-month highs. It’s also pushing through the 61.8% retracement.</p>\n<p>From here, bulls are looking for the $87 to $88 area to again turn from resistance into support. If that happens, the $94 to $96 area is certainly within reach.</p>\n<p>If AMD can push through that zone, look for a test of the all-time high at $99.13 and then $100 above that.</p>\n<p>Should shares really get moving -&nbsp;like Nvidia did&nbsp;- then the $115 level could be in play near the 161.8% extension.</p>\n<p>On the downside, a move back below $87 needs to be met by support from the 50-day moving average. Otherwise, $80 could be on the table.</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>Can AMD Go on a Rally Like Nvidia and Hit All-Time Highs?</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan AMD Go on a Rally Like Nvidia and Hit All-Time Highs?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/advanced-micro-devices-amd-stock-nvda-record-highs><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvidia has over the last few months?\nFirst it was Nvidia that enjoyed the big gains. It it now Advanced ...</p>\n\n<a href=\"https://www.thestreet.com/investing/advanced-micro-devices-amd-stock-nvda-record-highs\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://www.thestreet.com/investing/advanced-micro-devices-amd-stock-nvda-record-highs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140918239","content_text":"AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvidia has over the last few months?\nFirst it was Nvidia that enjoyed the big gains. It it now Advanced Micro Devices’ turn?\nShares have risen 2.8% on Tuesday as the stock ishitting its highest levels since February.\nThe stock was flirting with a move over range resistance on Monday, but is really pushing higher on Tuesday. The rally comes on positive reports regarding U.K. regulators and AMD’s acquisition of Xilinx.\nFor its part, Xilinx shares are also hitting the highest levels since February.\nNvidia and the VanEck Semiconductor ETF both hit new highs this week. With AMD stock continuing to consolidate and now making progresson its $35 billion acquisition, can it too break out to new highs?\nLet’s look at the chart.\nTrading AMD\nWeekly chart of AMD stock.\nIn July 2020, AMD stock exploded over $60 resistance, quickly climbing to a high of $87.29 in just a couple of weeks.\nAfter that, the stock settled down, bouncing between $74 and $88. Eventually, AMD broke out to a new range, with $88 acting assupportinstead of resistance, and the $94 to $96 area acting as resistance.\nInterestingly, support eventually gave way and AMD fell back into prior trading range.\nAs I mentioned in the opening part of the story, AMD is breaking out over $87 to $88 range resistance again as the stock is pushing to multi-month highs. It’s also pushing through the 61.8% retracement.\nFrom here, bulls are looking for the $87 to $88 area to again turn from resistance into support. If that happens, the $94 to $96 area is certainly within reach.\nIf AMD can push through that zone, look for a test of the all-time high at $99.13 and then $100 above that.\nShould shares really get moving - like Nvidia did - then the $115 level could be in play near the 161.8% extension.\nOn the downside, a move back below $87 needs to be met by support from the 50-day moving average. Otherwise, $80 could be on the table.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":2798,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153434807,"gmtCreate":1625041723709,"gmtModify":1703850729331,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow like for like&nbsp;","listText":"wow like for like&nbsp;","text":"wow like for like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153434807","repostId":"2147614258","repostType":4,"isVote":1,"tweetType":1,"viewCount":824,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153435764,"gmtCreate":1625041683558,"gmtModify":1703850729001,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"like for like&nbsp;","listText":"like for like&nbsp;","text":"like for like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153435764","repostId":"1195903421","repostType":4,"isVote":1,"tweetType":1,"viewCount":1302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127934678,"gmtCreate":1624812160594,"gmtModify":1703845469885,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/127934678","repostId":"2146073358","repostType":4,"isVote":1,"tweetType":1,"viewCount":1953,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125073300,"gmtCreate":1624638397100,"gmtModify":1703842590462,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/125073300","repostId":"2146079086","repostType":4,"isVote":1,"tweetType":1,"viewCount":1195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122178659,"gmtCreate":1624608186071,"gmtModify":1703841597573,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"cool&nbsp;","listText":"cool&nbsp;","text":"cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122178659","repostId":"1119915886","repostType":4,"repost":{"id":"1119915886","kind":"news","pubTimestamp":1624606971,"share":"https://ttm.financial/m/news/1119915886?lang=en_US&edition=fundamental","pubTime":"2021-06-25 15:42","market":"us","language":"en","title":"Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1119915886","media":"zerohedge","summary":"One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plo","content":"<p>One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.</p>\n<p><img src=\"https://static.tigerbbs.com/553b5c9e65ffdc0b996916d81dcba85e\" tg-width=\"552\" tg-height=\"280\"></p>\n<p>Said otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -<b>the market is saying that&nbsp; it won’t be able to go very far before inflation and growth hit a speed limit,</b>pushing yield expectations after the initial hike lower.</p>\n<p>This very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*<i>(remember the rest of the world still has massive current account surpluses, or excess savings)</i>pushes US r* even lower.</p>\n<p>Second, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns<u>,</u><b><u>is 2010-19 secular stagnation pricing, version 2</u></b><b>.</b></p>\n<p>Here, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:<b>what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?</b>These are among uncomfortable questions markets will have to answer in the coming months.</p>\n<p>* * *</p>\n<p>Fast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as<i>\"is inflation transitory or not\"</i>for the simple reason that<i><b>The Fed’s ambition to normalize rates can never be achieved.</b></i></p>\n<p>Picking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"</p>\n<p>And while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:<i><b>Maybe the market now realizes that a Fed tightening cycle is impossible?</b></i></p>\n<p>Referencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.</p>\n<ul>\n <li>First, the Fed has done a better job communicating its intentions this time round (personally I think not).</li>\n <li>Secondly and more worryingly, Hilsenrath writes that the markets could be too complacent.</li>\n</ul>\n<p>Edwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as<i><b>“The Fed cannot support markets if there’s an inflation surprise.”</b></i>He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “<i><b>We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.</b></i></p>\n<p>The permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?<b>He is indeed nimble – in retreat!</b>\"</p>\n<p>Perhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&amp;P drops 10%...which isn't a good sign when it comes to Powell's credibility.</p>\n<p>So why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"</p>\n<p>It's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market<b>\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...</b></p>\n<p><img src=\"https://static.tigerbbs.com/da894f1f697890f14bbd7a2f9fd8e139\" tg-width=\"500\" tg-height=\"214\"></p>\n<p><b>...</b>which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"</p>\n<p>And speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...</p>\n<p><img src=\"https://static.tigerbbs.com/01eba2b10798b2941e9d408a94c428f5\" tg-width=\"800\" tg-height=\"475\"></p>\n<p>... Edwards concludes that '<b>this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.</b>\"</p>\n<p>Bottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"</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>Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlbert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 15:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/albert-edwards-fed-trapped-epic-bubble-it-can-never-normalize-rates-again><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/albert-edwards-fed-trapped-epic-bubble-it-can-never-normalize-rates-again\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/albert-edwards-fed-trapped-epic-bubble-it-can-never-normalize-rates-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119915886","content_text":"One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.\n\nSaid otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -the market is saying that  it won’t be able to go very far before inflation and growth hit a speed limit,pushing yield expectations after the initial hike lower.\nThis very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*(remember the rest of the world still has massive current account surpluses, or excess savings)pushes US r* even lower.\nSecond, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns,is 2010-19 secular stagnation pricing, version 2.\nHere, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?These are among uncomfortable questions markets will have to answer in the coming months.\n* * *\nFast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as\"is inflation transitory or not\"for the simple reason thatThe Fed’s ambition to normalize rates can never be achieved.\nPicking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"\nAnd while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:Maybe the market now realizes that a Fed tightening cycle is impossible?\nReferencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.\n\nFirst, the Fed has done a better job communicating its intentions this time round (personally I think not).\nSecondly and more worryingly, Hilsenrath writes that the markets could be too complacent.\n\nEdwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as“The Fed cannot support markets if there’s an inflation surprise.”He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.\nThe permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?He is indeed nimble – in retreat!\"\nPerhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&P drops 10%...which isn't a good sign when it comes to Powell's credibility.\nSo why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"\nIt's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...\n\n...which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"\nAnd speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...\n\n... Edwards concludes that 'this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.\"\nBottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122171120,"gmtCreate":1624608102860,"gmtModify":1703841595471,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122171120","repostId":"1119915886","repostType":4,"isVote":1,"tweetType":1,"viewCount":1551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128328519,"gmtCreate":1624502658831,"gmtModify":1703838575377,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"comment&nbsp;","listText":"comment&nbsp;","text":"comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128328519","repostId":"2145018574","repostType":4,"repost":{"id":"2145018574","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1624493280,"share":"https://ttm.financial/m/news/2145018574?lang=en_US&edition=fundamental","pubTime":"2021-06-24 08:08","market":"us","language":"en","title":"SEC chief focuses on zero-commission trades and SPACs, rather than crypto in speech","url":"https://stock-news.laohu8.com/highlight/detail?id=2145018574","media":"Dow Jones","summary":"Gensler also addresses corporate climate change risk disclosure but does not mention crypto crash\nSe","content":"<p>Gensler also addresses corporate climate change risk disclosure but does not mention crypto crash</p>\n<p>Securities and Exchange Commission Chairman Gary Gensler remained focused on issuing new regulations related to zero-commission trading platforms rather than the crash in cryptocurrency prices in June, which by late Monday had led to the evaporation of roughly $1.3 trillion in wealth, two public appearances on Wednesday suggest.</p>\n<p>The U.S. regulator is concerned about zero-commission trading platforms that send retail customer orders to market makers in exchange for so-called payment for order flow, a controversial system that critics say creates a conflict of interest between those brokers and their customers. Though the practice has been around for a while, it has become increasingly widespread after online broker Robinhood began to offer free trading in 2014.</p>\n<p>This practice, Gensler said during the London City Week virtual conference Wednesday morning, has lead to roughly 40% of retail stock trades being routed to market makers rather than stock exchanges like the New York Stock Exchange or Nasdaq <a href=\"https://laohu8.com/S/NDAQ\">$(NDAQ)$</a>.</p>\n<p>\"Thus, significant trading interest on these platforms is not necessarily being reflected in the commonly cited trading systems, which include dark pools, and by off-exchange wholesalers,\" he said, referring to data collected by \"lit\" exchanges, like the NYSE. With roughly half of all stock orders left out of those calculations, it's actually difficult to know which prices retail investors are entitled to, he added.</p>\n<p>A zero commission trade, is not \"not free. It just simply isn't,\" Gensler said in a subsequent interview on Bloomberg TV. \"It might be zero commission, but underneath that...some of these brokers are then selling your orders to another firm,\" he added. \"Why is somebody paying for it, is it because there's an inherent conflict, even if it's a penny or two or some small fraction, that's trading off you, the retail public? So, it's not free.\"</p>\n<p>Gensler also questioned the usefulness of Special Purpose Acquisition Companies (SPACs), which raise cash through an initial public offering, after which the shell company has two years to use the raised funds to purchase a private company, thereby making that company public. Recent academic research has shown that SPACs are a much more expensive way to take a company public, and that those extra costs are placed on the end retail investor.</p>\n<p>\"These are very expensive, dilutive products,\" he told Bloomberg TV. \"The sponsor takes out a chunk at the beginning then there's more to be taken out later when they merge with a private company.\"</p>\n<p>The SEC chairman also focused on his continued push to create a new regulatory disclosure regime that would force public companies to disclose risks posed by climate change. Such a regime is strongly opposed by Republicans in Congress who say that it's an attempt coerce public companies into addressing climate change, rather than an honest attempt to inform investors.</p>\n<p>In a June 14 letter to Chairman Gensler and his predecessor Commissioner Allison Herren Lee, 12 Republicans on the Senate Banking Committee said \"We do not believe that any further securities regulations to specifically address global warming are necessary or appropriate, and will only serve to further discourage firms from becoming publicly traded, thus denying significant investment opportunities to retail investors.\"</p>\n<p>On Wednesday, Gensler was resolute in his belief that climate disclosures are important for investors to make informed decisions in the marketplace. \"I have deep respect for those senators who wrote that letter,\" he told Bloomberg TV.\" However, he added, \"Investors want to know more about this very important risk, climate risk, how companies deal with whatever transition might be in the future, whatever physical risks that they have and how are they managing it.\"</p>\n<p>It's notable that Gensler did not address his thoughts about investor protection with respect to cryptocurrencies, given his past statements on the need for more rules affecting the market for digital assets, as well asthe recent volatility in the market for digital assets.</p>\n<p>In a before the House Appropriations Committee in May, Gensler said there were \"gaps\" in regulation of cryptocurrencies, like bitcoin and ether , noting that there are \"thousands\" of them extant, many of which are operating as securities. \"We've only been able to bring 75 actions and there are others currently that are not compliant.\"</p>\n<p>Gensler added that he would like to work with Congress \"to bring investor protection to the platforms, where these sometimes-commodities, sometimes-securities are trading on the platform.\"</p>\n<p>He gave the example of the practice of front running, whereby an exchange could share order information so that another investor can trade ahead of a crypto transaction, making other investors' purchase or sale more expensive, noting that \"Without a cop with a beat and some rules of the road, then market participants can front run your orders.\"</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>SEC chief focuses on zero-commission trades and SPACs, rather than crypto in speech</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSEC chief focuses on zero-commission trades and SPACs, rather than crypto in speech\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-24 08:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Gensler also addresses corporate climate change risk disclosure but does not mention crypto crash</p>\n<p>Securities and Exchange Commission Chairman Gary Gensler remained focused on issuing new regulations related to zero-commission trading platforms rather than the crash in cryptocurrency prices in June, which by late Monday had led to the evaporation of roughly $1.3 trillion in wealth, two public appearances on Wednesday suggest.</p>\n<p>The U.S. regulator is concerned about zero-commission trading platforms that send retail customer orders to market makers in exchange for so-called payment for order flow, a controversial system that critics say creates a conflict of interest between those brokers and their customers. Though the practice has been around for a while, it has become increasingly widespread after online broker Robinhood began to offer free trading in 2014.</p>\n<p>This practice, Gensler said during the London City Week virtual conference Wednesday morning, has lead to roughly 40% of retail stock trades being routed to market makers rather than stock exchanges like the New York Stock Exchange or Nasdaq <a href=\"https://laohu8.com/S/NDAQ\">$(NDAQ)$</a>.</p>\n<p>\"Thus, significant trading interest on these platforms is not necessarily being reflected in the commonly cited trading systems, which include dark pools, and by off-exchange wholesalers,\" he said, referring to data collected by \"lit\" exchanges, like the NYSE. With roughly half of all stock orders left out of those calculations, it's actually difficult to know which prices retail investors are entitled to, he added.</p>\n<p>A zero commission trade, is not \"not free. It just simply isn't,\" Gensler said in a subsequent interview on Bloomberg TV. \"It might be zero commission, but underneath that...some of these brokers are then selling your orders to another firm,\" he added. \"Why is somebody paying for it, is it because there's an inherent conflict, even if it's a penny or two or some small fraction, that's trading off you, the retail public? So, it's not free.\"</p>\n<p>Gensler also questioned the usefulness of Special Purpose Acquisition Companies (SPACs), which raise cash through an initial public offering, after which the shell company has two years to use the raised funds to purchase a private company, thereby making that company public. Recent academic research has shown that SPACs are a much more expensive way to take a company public, and that those extra costs are placed on the end retail investor.</p>\n<p>\"These are very expensive, dilutive products,\" he told Bloomberg TV. \"The sponsor takes out a chunk at the beginning then there's more to be taken out later when they merge with a private company.\"</p>\n<p>The SEC chairman also focused on his continued push to create a new regulatory disclosure regime that would force public companies to disclose risks posed by climate change. Such a regime is strongly opposed by Republicans in Congress who say that it's an attempt coerce public companies into addressing climate change, rather than an honest attempt to inform investors.</p>\n<p>In a June 14 letter to Chairman Gensler and his predecessor Commissioner Allison Herren Lee, 12 Republicans on the Senate Banking Committee said \"We do not believe that any further securities regulations to specifically address global warming are necessary or appropriate, and will only serve to further discourage firms from becoming publicly traded, thus denying significant investment opportunities to retail investors.\"</p>\n<p>On Wednesday, Gensler was resolute in his belief that climate disclosures are important for investors to make informed decisions in the marketplace. \"I have deep respect for those senators who wrote that letter,\" he told Bloomberg TV.\" However, he added, \"Investors want to know more about this very important risk, climate risk, how companies deal with whatever transition might be in the future, whatever physical risks that they have and how are they managing it.\"</p>\n<p>It's notable that Gensler did not address his thoughts about investor protection with respect to cryptocurrencies, given his past statements on the need for more rules affecting the market for digital assets, as well asthe recent volatility in the market for digital assets.</p>\n<p>In a before the House Appropriations Committee in May, Gensler said there were \"gaps\" in regulation of cryptocurrencies, like bitcoin and ether , noting that there are \"thousands\" of them extant, many of which are operating as securities. \"We've only been able to bring 75 actions and there are others currently that are not compliant.\"</p>\n<p>Gensler added that he would like to work with Congress \"to bring investor protection to the platforms, where these sometimes-commodities, sometimes-securities are trading on the platform.\"</p>\n<p>He gave the example of the practice of front running, whereby an exchange could share order information so that another investor can trade ahead of a crypto transaction, making other investors' purchase or sale more expensive, noting that \"Without a cop with a beat and some rules of the road, then market participants can front run your orders.\"</p>\n\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":"2145018574","content_text":"Gensler also addresses corporate climate change risk disclosure but does not mention crypto crash\nSecurities and Exchange Commission Chairman Gary Gensler remained focused on issuing new regulations related to zero-commission trading platforms rather than the crash in cryptocurrency prices in June, which by late Monday had led to the evaporation of roughly $1.3 trillion in wealth, two public appearances on Wednesday suggest.\nThe U.S. regulator is concerned about zero-commission trading platforms that send retail customer orders to market makers in exchange for so-called payment for order flow, a controversial system that critics say creates a conflict of interest between those brokers and their customers. Though the practice has been around for a while, it has become increasingly widespread after online broker Robinhood began to offer free trading in 2014.\nThis practice, Gensler said during the London City Week virtual conference Wednesday morning, has lead to roughly 40% of retail stock trades being routed to market makers rather than stock exchanges like the New York Stock Exchange or Nasdaq $(NDAQ)$.\n\"Thus, significant trading interest on these platforms is not necessarily being reflected in the commonly cited trading systems, which include dark pools, and by off-exchange wholesalers,\" he said, referring to data collected by \"lit\" exchanges, like the NYSE. With roughly half of all stock orders left out of those calculations, it's actually difficult to know which prices retail investors are entitled to, he added.\nA zero commission trade, is not \"not free. It just simply isn't,\" Gensler said in a subsequent interview on Bloomberg TV. \"It might be zero commission, but underneath that...some of these brokers are then selling your orders to another firm,\" he added. \"Why is somebody paying for it, is it because there's an inherent conflict, even if it's a penny or two or some small fraction, that's trading off you, the retail public? So, it's not free.\"\nGensler also questioned the usefulness of Special Purpose Acquisition Companies (SPACs), which raise cash through an initial public offering, after which the shell company has two years to use the raised funds to purchase a private company, thereby making that company public. Recent academic research has shown that SPACs are a much more expensive way to take a company public, and that those extra costs are placed on the end retail investor.\n\"These are very expensive, dilutive products,\" he told Bloomberg TV. \"The sponsor takes out a chunk at the beginning then there's more to be taken out later when they merge with a private company.\"\nThe SEC chairman also focused on his continued push to create a new regulatory disclosure regime that would force public companies to disclose risks posed by climate change. Such a regime is strongly opposed by Republicans in Congress who say that it's an attempt coerce public companies into addressing climate change, rather than an honest attempt to inform investors.\nIn a June 14 letter to Chairman Gensler and his predecessor Commissioner Allison Herren Lee, 12 Republicans on the Senate Banking Committee said \"We do not believe that any further securities regulations to specifically address global warming are necessary or appropriate, and will only serve to further discourage firms from becoming publicly traded, thus denying significant investment opportunities to retail investors.\"\nOn Wednesday, Gensler was resolute in his belief that climate disclosures are important for investors to make informed decisions in the marketplace. \"I have deep respect for those senators who wrote that letter,\" he told Bloomberg TV.\" However, he added, \"Investors want to know more about this very important risk, climate risk, how companies deal with whatever transition might be in the future, whatever physical risks that they have and how are they managing it.\"\nIt's notable that Gensler did not address his thoughts about investor protection with respect to cryptocurrencies, given his past statements on the need for more rules affecting the market for digital assets, as well asthe recent volatility in the market for digital assets.\nIn a before the House Appropriations Committee in May, Gensler said there were \"gaps\" in regulation of cryptocurrencies, like bitcoin and ether , noting that there are \"thousands\" of them extant, many of which are operating as securities. \"We've only been able to bring 75 actions and there are others currently that are not compliant.\"\nGensler added that he would like to work with Congress \"to bring investor protection to the platforms, where these sometimes-commodities, sometimes-securities are trading on the platform.\"\nHe gave the example of the practice of front running, whereby an exchange could share order information so that another investor can trade ahead of a crypto transaction, making other investors' purchase or sale more expensive, noting that \"Without a cop with a beat and some rules of the road, then market participants can front run your orders.\"","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128321646,"gmtCreate":1624502620785,"gmtModify":1703838573861,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"scary&nbsp;","listText":"scary&nbsp;","text":"scary","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128321646","repostId":"2145016997","repostType":4,"isVote":1,"tweetType":1,"viewCount":1191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128323789,"gmtCreate":1624502593841,"gmtModify":1703838572878,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"woww","listText":"woww","text":"woww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128323789","repostId":"1193698944","repostType":4,"isVote":1,"tweetType":1,"viewCount":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128323126,"gmtCreate":1624502575465,"gmtModify":1703838572057,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"cool","listText":"cool","text":"cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128323126","repostId":"1115102727","repostType":4,"isVote":1,"tweetType":1,"viewCount":1242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":187232417,"gmtCreate":1623754973939,"gmtModify":1704210617298,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003590411925","authorIdStr":"3559003590411925"},"themes":[],"htmlText":"like and comment!&nbsp;","listText":"like and comment!&nbsp;","text":"like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/187232417","repostId":"1142697857","repostType":4,"isVote":1,"tweetType":1,"viewCount":649,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158154091,"gmtCreate":1625139724513,"gmtModify":1703736918716,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003590411925","authorIdStr":"3559003590411925"},"themes":[],"htmlText":"comment&nbsp;","listText":"comment&nbsp;","text":"comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/158154091","repostId":"1154991106","repostType":4,"isVote":1,"tweetType":1,"viewCount":3984,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158953123,"gmtCreate":1625125375562,"gmtModify":1703736619276,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003590411925","authorIdStr":"3559003590411925"},"themes":[],"htmlText":"like for like thanks&nbsp;","listText":"like for like thanks&nbsp;","text":"like for like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/158953123","repostId":"1121473384","repostType":4,"repost":{"id":"1121473384","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":1625067394,"share":"https://ttm.financial/m/news/1121473384?lang=en_US&edition=fundamental","pubTime":"2021-06-30 23:36","market":"us","language":"en","title":"Why NIO Stock Is Moving Higher Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1121473384","media":"Tiger Newspress","summary":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.Shares of Chinese electric-vehicle maker NIOwere moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $5","content":"<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p>\n<p>Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p>\n<p>As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p>\n<p>In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p>\n<p>Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p>\n<p>NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p>\n<p>Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</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>Why NIO Stock Is Moving Higher Today</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy NIO Stock Is Moving Higher Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\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\">2021-06-30 23:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p>\n<p>Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p>\n<p>As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p>\n<p>In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p>\n<p>Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p>\n<p>NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p>\n<p>Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121473384","content_text":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.\nShares of Chinese electric-vehicle maker NIO(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.\nAs of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.\nIn a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.\nChung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target price-to-earnings multiple for NIO's shares.\nNIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of between 21,000 and 22,000 vehicles for the second quarter. Through the end of May, it had delivered 13,183 vehicles despite production disruptions caused by shortages of computer chips.\nWill NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":4362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155711266,"gmtCreate":1625453110255,"gmtModify":1703741999757,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003590411925","authorIdStr":"3559003590411925"},"themes":[],"htmlText":"oh no&nbsp;","listText":"oh no&nbsp;","text":"oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/155711266","repostId":"1169840279","repostType":4,"isVote":1,"tweetType":1,"viewCount":3221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125073300,"gmtCreate":1624638397100,"gmtModify":1703842590462,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003590411925","authorIdStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/125073300","repostId":"2146079086","repostType":4,"isVote":1,"tweetType":1,"viewCount":1195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168927115,"gmtCreate":1623947528437,"gmtModify":1703824459470,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003590411925","authorIdStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/168927115","repostId":"1181813338","repostType":4,"isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187234577,"gmtCreate":1623755020099,"gmtModify":1704210619566,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003590411925","authorIdStr":"3559003590411925"},"themes":[],"htmlText":"I need a T&nbsp;","listText":"I need a T&nbsp;","text":"I need a T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/187234577","repostId":"2143581857","repostType":4,"repost":{"id":"2143581857","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623746987,"share":"https://ttm.financial/m/news/2143581857?lang=en_US&edition=fundamental","pubTime":"2021-06-15 16:49","market":"hk","language":"en","title":"Shares in record-setting spree as Fed meeting looms","url":"https://stock-news.laohu8.com/highlight/detail?id=2143581857","media":"Reuters","summary":"By Thyagaraju Adinarayan and Alun John\nLONDON/HONG KONG, June 15 (Reuters) - World stocks hit yet an","content":"<p>By Thyagaraju Adinarayan and Alun John</p>\n<p>LONDON/HONG KONG, June 15 (Reuters) - World stocks hit yet another record high on Tuesday, with European stocks poised for their longest winning streak since 2019 as investors bet likely \"transitory\" inflation pressures will stay the U.S. Federal Reserve's hand from signalling a shift in policy settings.</p>\n<p>A majority of investors surveyed by BofA said inflation was transitory, a marked change from March, when worries about more sustained price rises had sent U.S. 10-year Treasury yields surging to nearly 1.8%. With the yield now pinned below 1.5%, BofA expects the Fed to signal a dial back in stimulus by September.</p>\n<p>Abating worries about inflation helped U.S. and European shares scale new highs, with the pan-regional STOXX 600 rising 0.4%, its eighth straight day of gains. U.S. stock futures were up 0.1%.</p>\n<p>\"Several factors that have pushed up inflation are likely to fade in the coming months,\" said Mark Haefele, chief investment officer at UBS Global Wealth.</p>\n<p>\"We don’t expect inflation to prompt a premature tightening of monetary policy or to derail the equity rally,\" Haefele added.</p>\n<p>The two-day Fed meeting starts on Tuesday, with a final statement published after the meeting closes on Wednesday.</p>\n<p>Traders around the world are looking for any hints about whether and when the Fed plans to taper its bond buying programme as the U.S. economy bounces back from the pandemic fallout.</p>\n<p>Nearly 60% of economists in a Reuters poll expect a taper announcement will come in the next quarter, despite a patchy recovery in the job market.</p>\n<p>\"Whilst no immediate changes in monetary policy are anticipated, an increase in the share of FOMC members who think rates will need to increase in 2023 is expected,\" analysts at ANZ wrote in a note to clients.</p>\n<p>\"If three more members pencil in rate rises for 2023, that would tip the majority in favour of moving rates relatively soon,\" they said.</p>\n<p>In Asia, the MSCI's broadest index of Asia-Pacific shares outside Japan trading flat. Japan's Nikkei</p>\n<p>rose 1% and the Australian benchmark traded up 0.93%, but Chinese blue chips fell 1.1%.</p>\n<p>China's markets were closed on Monday for a holiday, meaning this was their first response to a joint statement by the Group of Seven leaders that had scolded Beijing over a range of issues which China called a gross interference in the country's internal affairs.</p>\n<p><b>STRONG DOLLAR</b></p>\n<p>In currency markets, the dollar held onto its gains against major currencies. The dollar index was at 90.414, not far off the top of its recent range.</p>\n<p>Retail sales and industrial production data due later on Tuesday could spark some modest dollar volatility, wrote analysts at CBA in a research note.</p>\n<p>In the face of the strong dollar, spot gold was down slightly at $1,862.21 per ounce.</p>\n<p>Benchmark 10-year yields were 1.4838%, little changed from Monday, when they rebounded from Friday's three-month low.</p>\n<p>As for commodities, U.S. crude ticked up 0.38% to $71.15 a barrel. Brent crude rose to $73.15 per barrel as talks dragged on over the United States rejoining a nuclear agreement with Tehran suggesting any surge in supply from Iran is some time away.</p>\n<p>Even bitcoin was fairly quiet, fluctuating a little above $40,000. It rose on Sunday and Monday after Elon Musk said Tesla could resume accepting payment in the world's largest cryptocurrency at some point in the future.</p>\n<p>(Reporting by Thyagaraju Adinarayan in London and Alun John in Hong Kong; Editing by Ana Nicolaci da Costa, Lincoln Feast and Kim Coghill)</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>Shares in record-setting spree as Fed meeting looms</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShares in record-setting spree as Fed meeting looms\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-15 16:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>By Thyagaraju Adinarayan and Alun John</p>\n<p>LONDON/HONG KONG, June 15 (Reuters) - World stocks hit yet another record high on Tuesday, with European stocks poised for their longest winning streak since 2019 as investors bet likely \"transitory\" inflation pressures will stay the U.S. Federal Reserve's hand from signalling a shift in policy settings.</p>\n<p>A majority of investors surveyed by BofA said inflation was transitory, a marked change from March, when worries about more sustained price rises had sent U.S. 10-year Treasury yields surging to nearly 1.8%. With the yield now pinned below 1.5%, BofA expects the Fed to signal a dial back in stimulus by September.</p>\n<p>Abating worries about inflation helped U.S. and European shares scale new highs, with the pan-regional STOXX 600 rising 0.4%, its eighth straight day of gains. U.S. stock futures were up 0.1%.</p>\n<p>\"Several factors that have pushed up inflation are likely to fade in the coming months,\" said Mark Haefele, chief investment officer at UBS Global Wealth.</p>\n<p>\"We don’t expect inflation to prompt a premature tightening of monetary policy or to derail the equity rally,\" Haefele added.</p>\n<p>The two-day Fed meeting starts on Tuesday, with a final statement published after the meeting closes on Wednesday.</p>\n<p>Traders around the world are looking for any hints about whether and when the Fed plans to taper its bond buying programme as the U.S. economy bounces back from the pandemic fallout.</p>\n<p>Nearly 60% of economists in a Reuters poll expect a taper announcement will come in the next quarter, despite a patchy recovery in the job market.</p>\n<p>\"Whilst no immediate changes in monetary policy are anticipated, an increase in the share of FOMC members who think rates will need to increase in 2023 is expected,\" analysts at ANZ wrote in a note to clients.</p>\n<p>\"If three more members pencil in rate rises for 2023, that would tip the majority in favour of moving rates relatively soon,\" they said.</p>\n<p>In Asia, the MSCI's broadest index of Asia-Pacific shares outside Japan trading flat. Japan's Nikkei</p>\n<p>rose 1% and the Australian benchmark traded up 0.93%, but Chinese blue chips fell 1.1%.</p>\n<p>China's markets were closed on Monday for a holiday, meaning this was their first response to a joint statement by the Group of Seven leaders that had scolded Beijing over a range of issues which China called a gross interference in the country's internal affairs.</p>\n<p><b>STRONG DOLLAR</b></p>\n<p>In currency markets, the dollar held onto its gains against major currencies. The dollar index was at 90.414, not far off the top of its recent range.</p>\n<p>Retail sales and industrial production data due later on Tuesday could spark some modest dollar volatility, wrote analysts at CBA in a research note.</p>\n<p>In the face of the strong dollar, spot gold was down slightly at $1,862.21 per ounce.</p>\n<p>Benchmark 10-year yields were 1.4838%, little changed from Monday, when they rebounded from Friday's three-month low.</p>\n<p>As for commodities, U.S. crude ticked up 0.38% to $71.15 a barrel. Brent crude rose to $73.15 per barrel as talks dragged on over the United States rejoining a nuclear agreement with Tehran suggesting any surge in supply from Iran is some time away.</p>\n<p>Even bitcoin was fairly quiet, fluctuating a little above $40,000. It rose on Sunday and Monday after Elon Musk said Tesla could resume accepting payment in the world's largest cryptocurrency at some point in the future.</p>\n<p>(Reporting by Thyagaraju Adinarayan in London and Alun John in Hong Kong; Editing by Ana Nicolaci da Costa, Lincoln Feast and Kim Coghill)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","QID":"两倍做空纳斯达克指数ETF-ProShares",".DJI":"道琼斯","FXY":"日元ETF-CurrencyShares",".SPX":"S&P 500 Index","PSQ":"做空纳斯达克100指数ETF-ProShares","TQQQ":"纳指三倍做多ETF","GLD":"黄金ETF-SPDR","IAU":"黄金信托ETF-iShares","DWT":"三倍做空原油ETN","DXD":"两倍做空道琼30指数ETF-ProShares","YCS":"日元ETF-ProShares两倍做空","QQQ":"纳指100ETF","DJX":"1/100道琼斯","UDOW":"三倍做多道指30ETF-ProShares","DOG":"道指ETF-ProShares做空","SCO":"二倍做空彭博原油指数ETF","FXB":"英镑ETF-CurrencyShares","UCO":"二倍做多彭博原油ETF","EUO":"欧元ETF-ProShares两倍做空","QLD":"2倍做多纳斯达克100指数ETF-ProShares","GDX":"黄金矿业ETF-VanEck","NUGT":"二倍做多黄金矿业指数ETF-Direxion","DDM":"2倍做多道指ETF-ProShares","USO":"美国原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)",".IXIC":"NASDAQ Composite","DDG":"ProShares做空石油与天然气ETF","SQQQ":"纳指三倍做空ETF","FXE":"欧元做多ETF-CurrencyShares","SDOW":"三倍做空道指30ETF-ProShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143581857","content_text":"By Thyagaraju Adinarayan and Alun John\nLONDON/HONG KONG, June 15 (Reuters) - World stocks hit yet another record high on Tuesday, with European stocks poised for their longest winning streak since 2019 as investors bet likely \"transitory\" inflation pressures will stay the U.S. Federal Reserve's hand from signalling a shift in policy settings.\nA majority of investors surveyed by BofA said inflation was transitory, a marked change from March, when worries about more sustained price rises had sent U.S. 10-year Treasury yields surging to nearly 1.8%. With the yield now pinned below 1.5%, BofA expects the Fed to signal a dial back in stimulus by September.\nAbating worries about inflation helped U.S. and European shares scale new highs, with the pan-regional STOXX 600 rising 0.4%, its eighth straight day of gains. U.S. stock futures were up 0.1%.\n\"Several factors that have pushed up inflation are likely to fade in the coming months,\" said Mark Haefele, chief investment officer at UBS Global Wealth.\n\"We don’t expect inflation to prompt a premature tightening of monetary policy or to derail the equity rally,\" Haefele added.\nThe two-day Fed meeting starts on Tuesday, with a final statement published after the meeting closes on Wednesday.\nTraders around the world are looking for any hints about whether and when the Fed plans to taper its bond buying programme as the U.S. economy bounces back from the pandemic fallout.\nNearly 60% of economists in a Reuters poll expect a taper announcement will come in the next quarter, despite a patchy recovery in the job market.\n\"Whilst no immediate changes in monetary policy are anticipated, an increase in the share of FOMC members who think rates will need to increase in 2023 is expected,\" analysts at ANZ wrote in a note to clients.\n\"If three more members pencil in rate rises for 2023, that would tip the majority in favour of moving rates relatively soon,\" they said.\nIn Asia, the MSCI's broadest index of Asia-Pacific shares outside Japan trading flat. Japan's Nikkei\nrose 1% and the Australian benchmark traded up 0.93%, but Chinese blue chips fell 1.1%.\nChina's markets were closed on Monday for a holiday, meaning this was their first response to a joint statement by the Group of Seven leaders that had scolded Beijing over a range of issues which China called a gross interference in the country's internal affairs.\nSTRONG DOLLAR\nIn currency markets, the dollar held onto its gains against major currencies. The dollar index was at 90.414, not far off the top of its recent range.\nRetail sales and industrial production data due later on Tuesday could spark some modest dollar volatility, wrote analysts at CBA in a research note.\nIn the face of the strong dollar, spot gold was down slightly at $1,862.21 per ounce.\nBenchmark 10-year yields were 1.4838%, little changed from Monday, when they rebounded from Friday's three-month low.\nAs for commodities, U.S. crude ticked up 0.38% to $71.15 a barrel. Brent crude rose to $73.15 per barrel as talks dragged on over the United States rejoining a nuclear agreement with Tehran suggesting any surge in supply from Iran is some time away.\nEven bitcoin was fairly quiet, fluctuating a little above $40,000. It rose on Sunday and Monday after Elon Musk said Tesla could resume accepting payment in the world's largest cryptocurrency at some point in the future.\n(Reporting by Thyagaraju Adinarayan in London and Alun John in Hong Kong; Editing by Ana Nicolaci da Costa, Lincoln Feast and Kim Coghill)","news_type":1,"symbols_score_info":{"159934":0.9,"518880":0.9,"EURmain":0.9,"BZmain":0.9,"UDOW":0.9,".IXIC":0.9,"SGCmain":0.9,"CLmain":0.9,"JPYmain":0.9,".DJI":0.9,"MGBPmain":0.9,"DOG":0.9,".SPX":0.9,"USO":0.9,"DDM":0.9,"DUST":0.9,"FXE":0.9,"IAU":0.9,"SCO":0.9,"MNQmain":0.9,"DXD":0.9,"QMmain":0.9,"QLD":0.9,"GBPmain":0.9,"FXY":0.9,"MEURmain":0.9,"SQQQ":0.9,"PSQ":0.9,"SGUmain":0.9,"QID":0.9,"QQQ":0.9,"DUG":0.9,"EUO":0.9,"DDG":0.9,"DWT":0.9,"SDOW":0.9,"MGCmain":0.9,"DJX":0.9,"GDX":0.9,"TQQQ":0.9,"YCS":0.9,"GLD":0.9,"NUGT":0.9,"GCmain":0.9,"UCO":0.9,"NQmain":0.9,"FXB":0.9}},"isVote":1,"tweetType":1,"viewCount":870,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127934678,"gmtCreate":1624812160594,"gmtModify":1703845469885,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003590411925","authorIdStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/127934678","repostId":"2146073358","repostType":4,"isVote":1,"tweetType":1,"viewCount":1953,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122178659,"gmtCreate":1624608186071,"gmtModify":1703841597573,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003590411925","authorIdStr":"3559003590411925"},"themes":[],"htmlText":"cool&nbsp;","listText":"cool&nbsp;","text":"cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122178659","repostId":"1119915886","repostType":4,"repost":{"id":"1119915886","kind":"news","pubTimestamp":1624606971,"share":"https://ttm.financial/m/news/1119915886?lang=en_US&edition=fundamental","pubTime":"2021-06-25 15:42","market":"us","language":"en","title":"Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1119915886","media":"zerohedge","summary":"One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plo","content":"<p>One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.</p>\n<p><img src=\"https://static.tigerbbs.com/553b5c9e65ffdc0b996916d81dcba85e\" tg-width=\"552\" tg-height=\"280\"></p>\n<p>Said otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -<b>the market is saying that&nbsp; it won’t be able to go very far before inflation and growth hit a speed limit,</b>pushing yield expectations after the initial hike lower.</p>\n<p>This very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*<i>(remember the rest of the world still has massive current account surpluses, or excess savings)</i>pushes US r* even lower.</p>\n<p>Second, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns<u>,</u><b><u>is 2010-19 secular stagnation pricing, version 2</u></b><b>.</b></p>\n<p>Here, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:<b>what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?</b>These are among uncomfortable questions markets will have to answer in the coming months.</p>\n<p>* * *</p>\n<p>Fast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as<i>\"is inflation transitory or not\"</i>for the simple reason that<i><b>The Fed’s ambition to normalize rates can never be achieved.</b></i></p>\n<p>Picking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"</p>\n<p>And while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:<i><b>Maybe the market now realizes that a Fed tightening cycle is impossible?</b></i></p>\n<p>Referencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.</p>\n<ul>\n <li>First, the Fed has done a better job communicating its intentions this time round (personally I think not).</li>\n <li>Secondly and more worryingly, Hilsenrath writes that the markets could be too complacent.</li>\n</ul>\n<p>Edwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as<i><b>“The Fed cannot support markets if there’s an inflation surprise.”</b></i>He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “<i><b>We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.</b></i></p>\n<p>The permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?<b>He is indeed nimble – in retreat!</b>\"</p>\n<p>Perhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&amp;P drops 10%...which isn't a good sign when it comes to Powell's credibility.</p>\n<p>So why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"</p>\n<p>It's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market<b>\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...</b></p>\n<p><img src=\"https://static.tigerbbs.com/da894f1f697890f14bbd7a2f9fd8e139\" tg-width=\"500\" tg-height=\"214\"></p>\n<p><b>...</b>which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"</p>\n<p>And speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...</p>\n<p><img src=\"https://static.tigerbbs.com/01eba2b10798b2941e9d408a94c428f5\" tg-width=\"800\" tg-height=\"475\"></p>\n<p>... Edwards concludes that '<b>this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.</b>\"</p>\n<p>Bottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"</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>Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlbert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 15:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/albert-edwards-fed-trapped-epic-bubble-it-can-never-normalize-rates-again><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/albert-edwards-fed-trapped-epic-bubble-it-can-never-normalize-rates-again\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/albert-edwards-fed-trapped-epic-bubble-it-can-never-normalize-rates-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119915886","content_text":"One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.\n\nSaid otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -the market is saying that  it won’t be able to go very far before inflation and growth hit a speed limit,pushing yield expectations after the initial hike lower.\nThis very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*(remember the rest of the world still has massive current account surpluses, or excess savings)pushes US r* even lower.\nSecond, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns,is 2010-19 secular stagnation pricing, version 2.\nHere, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?These are among uncomfortable questions markets will have to answer in the coming months.\n* * *\nFast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as\"is inflation transitory or not\"for the simple reason thatThe Fed’s ambition to normalize rates can never be achieved.\nPicking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"\nAnd while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:Maybe the market now realizes that a Fed tightening cycle is impossible?\nReferencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.\n\nFirst, the Fed has done a better job communicating its intentions this time round (personally I think not).\nSecondly and more worryingly, Hilsenrath writes that the markets could be too complacent.\n\nEdwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as“The Fed cannot support markets if there’s an inflation surprise.”He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.\nThe permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?He is indeed nimble – in retreat!\"\nPerhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&P drops 10%...which isn't a good sign when it comes to Powell's credibility.\nSo why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"\nIt's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...\n\n...which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"\nAnd speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...\n\n... Edwards concludes that 'this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.\"\nBottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164982692,"gmtCreate":1624165780616,"gmtModify":1703829991154,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559003590411925","authorIdStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/164982692","repostId":"1126454279","repostType":4,"isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}