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Top investment banks in the world on the current economic recovery outlook and trading strategy selection

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07:21","market":"hk","language":"zh","title":"Top investment banks in the world on the current economic recovery outlook and trading strategy selection","url":"https://stock-news.laohu8.com/highlight/detail?id=1175717549","media":"Wind万得","summary":"香港万得通讯社报道，摩根士丹利认为美国财政刺激即将来临，疫情改善，以及全球经济加速复苏的步伐会持续支撑“再通胀”交易。在这样一个背景下，该行对股、债、汇市场走势给出了一些交易策略提示。\n其预计全球需求","content":"<p>Hong Kong Wind News Agency reported that Morgan Stanley believes that the fiscal stimulus in the United States is coming, the improvement of the epidemic situation, and the accelerated pace of global economic recovery will continue to support the \"reinflation\" transaction. Under such a background, the bank gave some trading strategy tips on the trend of stock, debt and foreign exchange markets.</p><p>It expects global demand to surge in March-April and return to pre-pandemic levels by the second quarter of 2021. A surge in aggregate demand will also fuel global economic growth. With the global economy expected to reopen from March-April, Morgan Stanley expects a significant increase in consumer spending alongside a strong economic recovery.</p><p><img src=\"https://static.tigerbbs.com/6f076fed1e0e37cf4f4497357a33e0f4\" tg-width=\"589\" tg-height=\"340\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/6f076fed1e0e37cf4f4497357a33e0f4\" tg-width=\"589\" tg-height=\"340\" referrerpolicy=\"no-referrer\"></p><p>Morgan Stanley expects 1.0 to 1.5 trillion yuan of stimulus to pass in March. National and local government funds, public health, unemployment insurance and low-income families are likely to be spent soon, given the urgent needs. If the estimate of the stimulus amount is accurate, the economic recovery will accelerate. Moreover, Morgan Stanley expects that vaccinations and warmer weather should achieve a sharp drop in cases and hospitalizations by the summer of 2021.</p><p><img src=\"https://static.tigerbbs.com/a2e7b7ece41c02393dd014d135534610\" tg-width=\"553\" tg-height=\"346\" referrerpolicy=\"no-referrer\"></p><p>At the same time, Asian countries will drive the recovery of the capital expenditure cycle. It expects Asian capital spending to see its strongest growth since 2010. Exports have recovered, capacity utilization has risen, and global trade growth is expected to accelerate again.</p><p><img src=\"https://static.tigerbbs.com/2762bdcddf077901577e73d915920632\" tg-width=\"591\" tg-height=\"345\" referrerpolicy=\"no-referrer\"></p><p>The agency believes that core personal consumption spending in the United States will exceed 2% this cycle, and the reasons behind the support include:</p><p>-Active policy support: Given the nature of the crisis, policymakers have not hesitated to provide significant support and, in fact, strengthen consumer behaviour. Global assets have grown by $5.2 trillion since the end of 2019, coinciding with a decline in consumer credit liabilities, which has somewhat increased consumers' ability to spend more.</p><p>-The unemployment rate exaggerates the economic losses: to date, some 68% of the unemployed are also concentrated in areas sensitive to the pandemic. They should see a rebound in the labor market and a reopening of the economy.</p><p>-Continued policy action to address inequality: Policy measures such as further increases in the minimum wage are under discussion, which will raise inflation.</p><p>-Monetary policy remains accommodative: The Fed is committed to its average inflation target of 2%, so it is unlikely to adopt a pre-emptive rate hike like before.</p><p><img src=\"https://static.tigerbbs.com/c380598420ce6f53489f67a91acd0017\" tg-width=\"629\" tg-height=\"674\" referrerpolicy=\"no-referrer\"></p><p>According to Morgan Stanley, according to the current economic cycle indicators, the impact on stocks is still positive. Stocks tend to return higher than the average in the pre-cycle period during this period, especially after the cycle trough. It also gives some trading suggestions:</p><p><b>Trade One: Go Long for the Russell 2000 Index</b></p><p>The agency believes that this economic cycle is more \"normal\" than ever. Exposure should be held in stocks that outperform early in the cycle, one of which is holding small caps rather than large caps. Small-cap earnings are likely to continue to grow and outpace large-cap stocks, as they have in past post-recession situations. The risk of this trade is that small caps have rebounded significantly, which could slow the pace of further share price gains.</p><p><img src=\"https://static.tigerbbs.com/f4e9ce6d44ca5550be9d492da8c988ec\" tg-width=\"569\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p><p><b>Trade Two: Go Long in U.S. Financial Stocks</b></p><p>Morgan Stanley U.S. equity strategists remain overweight in financial stocks, and given historically low relative valuation levels, and the possibility of rising nominal yields, the earnings backdrop for financial businesses is improving, with strong third-quarter results. While other cyclical stocks have seen a rebound, financials continue to trade at a lower P/E and are currently at levels similar to those during the global financial crisis. The risk of this trade is that the recession will be longer and more severe than expected.</p><p><img src=\"https://static.tigerbbs.com/7c08cee79be42229d77c1cb7663b6b03\" tg-width=\"580\" tg-height=\"293\" referrerpolicy=\"no-referrer\"></p><p><b>Trade Three: Go Long on European Stocks</b></p><p>European stock markets saw good momentum in 2021 as the economy rebounded and policymakers spurred the economic recovery. Morgan Stanley's European equity strategist believes this could continue for years to come. Corporate earnings continue to grow strongly, about 43% so far</p><p>The company has outperformed expectations and, if maintained, will hit an all-time high. The risk of this deal is that the negative impact of the pandemic persists, or that the EU recovery fund is disappointing.</p><p><b>Trade Four: The Steepness of Long US 5s30</b></p><p>The continued V-shaped economic recovery, vaccines, fiscal stimulus and a dovish Federal Reserve have made US Treasury Bond yields rise, mainly driven by the long end. Consistent with the Fed's average inflation targeting system, the Fed particularly likes to react to actual improvements in data. Morgan Stanley economists believe that the Fed is unlikely to change its current language before June, and the yield curve is expected to steep. Its global macro strategists expect the 5s30s curve to steep. The trading risk is the more severe disruption caused by the pandemic and ongoing concerns about the Fed's response.</p><p><b>Trade 5: Short CHF/CAD</b></p><p>The Canadian dollar should benefit from high oil prices, strong U.S. growth and upside risks to U.S. fiscal policy. While the Swiss franc is likely to be affected by negative spread trading and low participation in global consumption growth. At present, CFTC Swiss franc has a very long position, which is consistent with other safe haven assets such as Japanese yen and gold. The risk of the deal is a slowdown in global economic growth and a fall in oil prices</p><p><b>Trade Six: Relative Gold, Do Long Copper</b></p><p>Copper benefits from strong fundamentals and reflation-driven trade. Its metals strategists believe copper prices will go all the way higher, predicting a bull market that will remain in 2021. In terms of gold, the economy has recovered strongly and showed a gradual trend, and the rise of long-term real yield has brought downside risks to gold. Moreover, it turns neutral against the US dollar, so support for gold will be reduced.</p><p><img src=\"https://static.tigerbbs.com/91b3ee05c42efc66b22ba20e6f3a34e7\" tg-width=\"617\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></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>Top investment banks in the world on the current economic recovery outlook and trading strategy selection</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop investment banks in the world on the current economic recovery outlook and trading strategy selection\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-02-20 07:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hong Kong Wind News Agency reported that Morgan Stanley believes that the fiscal stimulus in the United States is coming, the improvement of the epidemic situation, and the accelerated pace of global economic recovery will continue to support the \"reinflation\" transaction. Under such a background, the bank gave some trading strategy tips on the trend of stock, debt and foreign exchange markets.</p><p>It expects global demand to surge in March-April and return to pre-pandemic levels by the second quarter of 2021. A surge in aggregate demand will also fuel global economic growth. With the global economy expected to reopen from March-April, Morgan Stanley expects a significant increase in consumer spending alongside a strong economic recovery.</p><p><img src=\"https://static.tigerbbs.com/6f076fed1e0e37cf4f4497357a33e0f4\" tg-width=\"589\" tg-height=\"340\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/6f076fed1e0e37cf4f4497357a33e0f4\" tg-width=\"589\" tg-height=\"340\" referrerpolicy=\"no-referrer\"></p><p>Morgan Stanley expects 1.0 to 1.5 trillion yuan of stimulus to pass in March. National and local government funds, public health, unemployment insurance and low-income families are likely to be spent soon, given the urgent needs. If the estimate of the stimulus amount is accurate, the economic recovery will accelerate. Moreover, Morgan Stanley expects that vaccinations and warmer weather should achieve a sharp drop in cases and hospitalizations by the summer of 2021.</p><p><img src=\"https://static.tigerbbs.com/a2e7b7ece41c02393dd014d135534610\" tg-width=\"553\" tg-height=\"346\" referrerpolicy=\"no-referrer\"></p><p>At the same time, Asian countries will drive the recovery of the capital expenditure cycle. It expects Asian capital spending to see its strongest growth since 2010. Exports have recovered, capacity utilization has risen, and global trade growth is expected to accelerate again.</p><p><img src=\"https://static.tigerbbs.com/2762bdcddf077901577e73d915920632\" tg-width=\"591\" tg-height=\"345\" referrerpolicy=\"no-referrer\"></p><p>The agency believes that core personal consumption spending in the United States will exceed 2% this cycle, and the reasons behind the support include:</p><p>-Active policy support: Given the nature of the crisis, policymakers have not hesitated to provide significant support and, in fact, strengthen consumer behaviour. Global assets have grown by $5.2 trillion since the end of 2019, coinciding with a decline in consumer credit liabilities, which has somewhat increased consumers' ability to spend more.</p><p>-The unemployment rate exaggerates the economic losses: to date, some 68% of the unemployed are also concentrated in areas sensitive to the pandemic. They should see a rebound in the labor market and a reopening of the economy.</p><p>-Continued policy action to address inequality: Policy measures such as further increases in the minimum wage are under discussion, which will raise inflation.</p><p>-Monetary policy remains accommodative: The Fed is committed to its average inflation target of 2%, so it is unlikely to adopt a pre-emptive rate hike like before.</p><p><img src=\"https://static.tigerbbs.com/c380598420ce6f53489f67a91acd0017\" tg-width=\"629\" tg-height=\"674\" referrerpolicy=\"no-referrer\"></p><p>According to Morgan Stanley, according to the current economic cycle indicators, the impact on stocks is still positive. Stocks tend to return higher than the average in the pre-cycle period during this period, especially after the cycle trough. It also gives some trading suggestions:</p><p><b>Trade One: Go Long for the Russell 2000 Index</b></p><p>The agency believes that this economic cycle is more \"normal\" than ever. Exposure should be held in stocks that outperform early in the cycle, one of which is holding small caps rather than large caps. Small-cap earnings are likely to continue to grow and outpace large-cap stocks, as they have in past post-recession situations. The risk of this trade is that small caps have rebounded significantly, which could slow the pace of further share price gains.</p><p><img src=\"https://static.tigerbbs.com/f4e9ce6d44ca5550be9d492da8c988ec\" tg-width=\"569\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p><p><b>Trade Two: Go Long in U.S. Financial Stocks</b></p><p>Morgan Stanley U.S. equity strategists remain overweight in financial stocks, and given historically low relative valuation levels, and the possibility of rising nominal yields, the earnings backdrop for financial businesses is improving, with strong third-quarter results. While other cyclical stocks have seen a rebound, financials continue to trade at a lower P/E and are currently at levels similar to those during the global financial crisis. The risk of this trade is that the recession will be longer and more severe than expected.</p><p><img src=\"https://static.tigerbbs.com/7c08cee79be42229d77c1cb7663b6b03\" tg-width=\"580\" tg-height=\"293\" referrerpolicy=\"no-referrer\"></p><p><b>Trade Three: Go Long on European Stocks</b></p><p>European stock markets saw good momentum in 2021 as the economy rebounded and policymakers spurred the economic recovery. Morgan Stanley's European equity strategist believes this could continue for years to come. Corporate earnings continue to grow strongly, about 43% so far</p><p>The company has outperformed expectations and, if maintained, will hit an all-time high. The risk of this deal is that the negative impact of the pandemic persists, or that the EU recovery fund is disappointing.</p><p><b>Trade Four: The Steepness of Long US 5s30</b></p><p>The continued V-shaped economic recovery, vaccines, fiscal stimulus and a dovish Federal Reserve have made US Treasury Bond yields rise, mainly driven by the long end. Consistent with the Fed's average inflation targeting system, the Fed particularly likes to react to actual improvements in data. Morgan Stanley economists believe that the Fed is unlikely to change its current language before June, and the yield curve is expected to steep. Its global macro strategists expect the 5s30s curve to steep. The trading risk is the more severe disruption caused by the pandemic and ongoing concerns about the Fed's response.</p><p><b>Trade 5: Short CHF/CAD</b></p><p>The Canadian dollar should benefit from high oil prices, strong U.S. growth and upside risks to U.S. fiscal policy. While the Swiss franc is likely to be affected by negative spread trading and low participation in global consumption growth. At present, CFTC Swiss franc has a very long position, which is consistent with other safe haven assets such as Japanese yen and gold. The risk of the deal is a slowdown in global economic growth and a fall in oil prices</p><p><b>Trade Six: Relative Gold, Do Long Copper</b></p><p>Copper benefits from strong fundamentals and reflation-driven trade. Its metals strategists believe copper prices will go all the way higher, predicting a bull market that will remain in 2021. In terms of gold, the economy has recovered strongly and showed a gradual trend, and the rise of long-term real yield has brought downside risks to gold. Moreover, it turns neutral against the US dollar, so support for gold will be reduced.</p><p><img src=\"https://static.tigerbbs.com/91b3ee05c42efc66b22ba20e6f3a34e7\" tg-width=\"617\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/79b5812c98959c2e806387aea7a6ea77","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175717549","content_text":"香港万得通讯社报道，摩根士丹利认为美国财政刺激即将来临，疫情改善，以及全球经济加速复苏的步伐会持续支撑“再通胀”交易。在这样一个背景下，该行对股、债、汇市场走势给出了一些交易策略提示。\n其预计全球需求将在3-4月激增，到2021年第二季度将恢复到疫情前的水平。总需求的激增也将推动全球经济增长。随着全球经济预计从3-4月重新开放，摩根士丹利预计在经济强劲复苏的同时，消费者支出将大幅增加。\n\n\n摩根士丹利预计在3月会有1.0至1.5万亿元的刺激通过。国家和地方政府的资金，公共健康、失业保险和低收入家庭考虑到迫切的需要，很可能很快就会花掉。如果对于刺激金额预测准确的话，那么经济复苏会加快。此外摩根士丹利预计到2021年夏天，疫苗接种和更温暖的天气应该可以实现病例和住院率急剧下降。\n\n同时，亚洲国家会推动资本支出周期的复苏。其预计亚洲资本支出应该会出现2010年以来最强劲的增长。出口复苏，产能利用率上升，预计全球贸易增长将出现再次加速。\n\n该机构认为，美国核心个人消费支出将在本周期内超过2%，背后支持的原因包括：\n- 积极的政策支持:鉴于这场危机的性质，决策者毫不犹豫地提供了重大支持，并且实际上加强了消费行为。自2019年底以来，全球资产增长5.2万亿美元，与此同时，消费者信贷负债有所下降，这在一定程度上增加了消费者增加支出的能力。\n- 失业率夸大了经济损失: 迄今为止，约68%失业人数中也主要集中在疫情敏感的领域。他们应该会看到劳动力市场的反弹和经济重新开放。\n- 继续采取政策行动解决不平等问题: 进一步提高最低工资等政策措施正在讨论如何实施，这将会提高通货膨胀。\n- 货币政策仍是宽松的: 美联储承诺其2%的平均通胀目标，因此不太可能像以前这样采取先发制人的加息。\n\n据摩根士丹利根据目前经济周期指标，认为对股票的影响还是属于正面。股票在这段时期内回报往往高于周期前期的平均值，特别是周期低谷后的平均值。其也给出了一些交易建议：\n交易一：做多罗素2000指数\n该机构认为，本轮经济周期比以往更为“正常”。应该在周期早期表现优异的股票中持有敞口，其中之一就是持有小型股而非大型股。小型股的收益可能会继续增长并超过大型股，就像以往衰退后的情况一样。此交易的风险是小型股已经大幅反弹，这可能会放缓股价进一步上涨的节奏。\n\n交易二：做多美国金融股\n摩根士丹利美国股票策略师仍增持金融类股，鉴于历史上相对估值水平较低，以及名义收益率上升的可能性，金融企业的收益背景正在改善，第三季度业绩强劲。尽管其他周期性股票已看到反弹，但金融类股继续以较低的市盈率交易，目前的水平与全球金融危机期间相似。此交易风险为经济衰退比预期的更长、更严重。\n\n交易三：做多欧洲股票\n由于经济反弹，政策制定者刺激经济复苏，欧洲股市2021年增长势头良好。摩根士丹利欧洲股票策略师认为，这种情况可能会持续多年。企业收益继续强劲增长，到目前为止有约43%\n公司的表现超出了预期，如果维持的话，将会创下历史新高。该交易风险是疫情负面影响持续存在，或欧盟复苏基金令人失望。\n交易四：做多美国5s30的陡峭\n经济V型持续复苏、疫苗、财政刺激和鸽派美联储让美国国债收益率上升，主要由长端来驱动。与美联储的平均通胀目标制相一致的是美联储尤其喜欢对数据的实际改善做出反应。摩根士丹利经济学家认为美联储在6月前不太可能会改变当下的措辞，预计收益率曲线趋于陡峭。其全球宏观策略师预计，5s30s曲线将趋陡。该交易风险是疫情造成的更严重破坏以及对美联储应对措施的担忧持续存在。\n交易五：做空瑞郎/加元\n加元应受益于高油价、强劲的美国增长和美国财政政策的上行风险。而瑞士法郎可能会受到负利差交易和对全球消费增长的低参与度影响。目前CFTC瑞士法郎非常做多头寸还是非常多，和日元和黄金等其他避险资产吻合。该交易风险是全球经济增长放缓，油价下跌\n交易六：相对黄金，做多铜\n铜受益于强劲的基本面和通货再膨胀驱动的贸易。其金属策略师认为，铜价将一路走高，预测2021年将保持牛市。而在黄金方面，经济强劲复苏，并呈现渐进趋势，长端实际收益率的上升给黄金带来了下行风险。此外，其对美元转为中性，因此对黄金的支撑将减少。","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385360887,"gmtCreate":1613511406349,"gmtModify":1704881421013,"author":{"id":"3573421956577562","authorId":"3573421956577562","name":"新人求发展","avatar":"https://static.tigerbbs.com/3a300c8a498fbccaa29ad2ad3547fd32","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573421956577562","idStr":"3573421956577562"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385360887","repostId":"1140942389","repostType":4,"repost":{"id":"1140942389","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1612233347,"share":"https://ttm.financial/m/news/1140942389?lang=en_US&edition=fundamental","pubTime":"2021-02-02 10:35","market":"sh","language":"zh","title":"Reminder: List of Main Market Closure Arrangements during the Spring Festival Holiday","url":"https://stock-news.laohu8.com/highlight/detail?id=1140942389","media":"老虎资讯综合","summary":"春节假期即将来临，敬请广大投资者留意，提前做好资金安排。$老虎证券$祝您及家人新春快乐，牛年大吉！2月11日（星期四）除夕上午开市，下午休市；2月12日（星期五）至2月15日（星期一）全天休市；2月11日（星期四）至2月17日（星期三）休市，2月18日（星期四）起照常开市。CBOE 下 VIX 波动率期货于2月15日10：00提前休市。SGX下天然橡胶货于2021年2月11日以及2021年2月12日整个交易日休市。","content":"<p>The Spring Festival holiday is coming soon, so investors are requested to pay attention and make capital arrangements in advance.<a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a>I wish you and your family a happy new year and good luck in the year of the ox!</p><p>During the Spring Festival, the stock market closure arrangements in various places are as follows: (all are local time)</p><p><img src=\"https://static.tigerbbs.com/27cfee666051c46a31c824a795046629\" tg-width=\"1790\" tg-height=\"788\"></p><p><b>U.S. stocks:</b></p><p>On Monday, February 15, the market is closed all day for Presidents' Day.</p><p><b>Hong Kong stocks:</b></p><p>February 11th (Thursday) New Year's Eve the market opens in the morning and closes in the afternoon;</p><p>Closed all day from Friday, February 12 to Monday, February 15;</p><p>The market will open as usual from Tuesday, February 16.</p><p><b>A shares:</b></p><p>The market will be closed from Thursday, February 11 to Wednesday, February 17, and will open as usual from Thursday, February 18.</p><p><b>Shanghai and Shenzhen Stock Connect:</b></p><p>Closed Thursday, February 11 to Wednesday, February 17; Open as usual from Thursday, February 18.</p><p><b>Hong Kong Stock Connect:</b></p><p>Service will be closed from Tuesday, February 9 to Wednesday, February 17 and open as usual from Thursday, February 18.</p><p><b>UK shares:</b></p><p>Trading as usual</p><p><b>Australian stocks:</b></p><p>Trading as usual</p><p><b>Singapore Market:</b></p><p>Trading half day on Thursday, February 11th.</p><p>Closed all day on Friday, February 12th.</p><p><b>Futures markets:</b></p><p>Under HKEX, US dollar gold and index goods were closed at 12: 30 on February 11th, and individual stock futures were closed at 12: 00 on February 11th; Index futures, RMB, individual stock futures and US dollar gold were closed on February 12th and February 15th.</p><p>Foreign exchange, bonds, Bitcoin, stock index, energy and precious metal futures under GME Group will be closed early at 12: 00 on February 15th (02:00 am Beijing time on the 16th); Living livestock, large and small grains, and rice futures were closed all day on February 15th.</p><p>VIX volatility futures under CBOE closed early on February 15th at 10:00.</p><p>The natural rubber cargo under the SGX was closed for the entire trading day of February 11, 2021 and February 12, 2021.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: List of Main Market Closure Arrangements during the Spring Festival Holiday\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-02-02 10:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The Spring Festival holiday is coming soon, so investors are requested to pay attention and make capital arrangements in advance.<a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a>I wish you and your family a happy new year and good luck in the year of the ox!</p><p>During the Spring Festival, the stock market closure arrangements in various places are as follows: (all are local time)</p><p><img src=\"https://static.tigerbbs.com/27cfee666051c46a31c824a795046629\" tg-width=\"1790\" tg-height=\"788\"></p><p><b>U.S. stocks:</b></p><p>On Monday, February 15, the market is closed all day for Presidents' Day.</p><p><b>Hong Kong stocks:</b></p><p>February 11th (Thursday) New Year's Eve the market opens in the morning and closes in the afternoon;</p><p>Closed all day from Friday, February 12 to Monday, February 15;</p><p>The market will open as usual from Tuesday, February 16.</p><p><b>A shares:</b></p><p>The market will be closed from Thursday, February 11 to Wednesday, February 17, and will open as usual from Thursday, February 18.</p><p><b>Shanghai and Shenzhen Stock Connect:</b></p><p>Closed Thursday, February 11 to Wednesday, February 17; Open as usual from Thursday, February 18.</p><p><b>Hong Kong Stock Connect:</b></p><p>Service will be closed from Tuesday, February 9 to Wednesday, February 17 and open as usual from Thursday, February 18.</p><p><b>UK shares:</b></p><p>Trading as usual</p><p><b>Australian stocks:</b></p><p>Trading as usual</p><p><b>Singapore Market:</b></p><p>Trading half day on Thursday, February 11th.</p><p>Closed all day on Friday, February 12th.</p><p><b>Futures markets:</b></p><p>Under HKEX, US dollar gold and index goods were closed at 12: 30 on February 11th, and individual stock futures were closed at 12: 00 on February 11th; Index futures, RMB, individual stock futures and US dollar gold were closed on February 12th and February 15th.</p><p>Foreign exchange, bonds, Bitcoin, stock index, energy and precious metal futures under GME Group will be closed early at 12: 00 on February 15th (02:00 am Beijing time on the 16th); Living livestock, large and small grains, and rice futures were closed all day on February 15th.</p><p>VIX volatility futures under CBOE closed early on February 15th at 10:00.</p><p>The natural rubber cargo under the SGX was closed for the entire trading day of February 11, 2021 and February 12, 2021.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f8f89c8af2a895e609af6985ff4ae3ab","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140942389","content_text":"春节假期即将来临，敬请广大投资者留意，提前做好资金安排。老虎证券祝您及家人新春快乐，牛年大吉！春节期间各地股市休市安排如下：(均为当地时间）美股：2月15日（星期一）因美国总统日全天休市。港股：2月11日（星期四）除夕上午开市，下午休市；2月12日（星期五）至2月15日（星期一）全天休市；2月16日（星期二）起照常开市。A股：2月11日（星期四）至2月17日（星期三）休市，2月18日（星期四）起照常开市。沪、深股通：2月11日（星期四）至2月17日（星期三）关闭；2月18日（星期四）起照常开通。港股通：2月9日（星期二）至2月17日（星期三）关闭服务，2月18日（星期四）起照常开通。英股：照常交易澳股：照常交易新加坡市场：2月11日（星期四）交易半日。2月12日（星期五）全天休市。期货市场：HKEX下美元黄金、指数类货于2月11日12：30休市，个股期货于2月11日12：00休市；指数类期货、人民币、个股期货、美元黄金于2月12日以及2月15日整个交易日休市。GME Group下外汇、债券、比特币、股指、能源、贵金属期货于2月15日12：00（北京时间16日凌晨02:00）提前休市；活畜、大小谷物、稻谷期货于2月15日全天休市。CBOE 下 VIX 波动率期货于2月15日10：00提前休市。SGX下天然橡胶货于2021年2月11日以及2021年2月12日整个交易日休市。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":388385143,"gmtCreate":1613023631782,"gmtModify":1704877481373,"author":{"id":"3573421956577562","authorId":"3573421956577562","name":"新人求发展","avatar":"https://static.tigerbbs.com/3a300c8a498fbccaa29ad2ad3547fd32","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573421956577562","idStr":"3573421956577562"},"themes":[],"htmlText":"66","listText":"66","text":"66","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/388385143","repostId":"1168524354","repostType":4,"isVote":1,"tweetType":1,"viewCount":2489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":385360887,"gmtCreate":1613511406349,"gmtModify":1704881421013,"author":{"id":"3573421956577562","authorId":"3573421956577562","name":"新人求发展","avatar":"https://static.tigerbbs.com/3a300c8a498fbccaa29ad2ad3547fd32","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573421956577562","idStr":"3573421956577562"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385360887","repostId":"1140942389","repostType":4,"repost":{"id":"1140942389","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1612233347,"share":"https://ttm.financial/m/news/1140942389?lang=en_US&edition=fundamental","pubTime":"2021-02-02 10:35","market":"sh","language":"zh","title":"Reminder: List of Main Market Closure Arrangements during the Spring Festival Holiday","url":"https://stock-news.laohu8.com/highlight/detail?id=1140942389","media":"老虎资讯综合","summary":"春节假期即将来临，敬请广大投资者留意，提前做好资金安排。$老虎证券$祝您及家人新春快乐，牛年大吉！2月11日（星期四）除夕上午开市，下午休市；2月12日（星期五）至2月15日（星期一）全天休市；2月11日（星期四）至2月17日（星期三）休市，2月18日（星期四）起照常开市。CBOE 下 VIX 波动率期货于2月15日10：00提前休市。SGX下天然橡胶货于2021年2月11日以及2021年2月12日整个交易日休市。","content":"<p>The Spring Festival holiday is coming soon, so investors are requested to pay attention and make capital arrangements in advance.<a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a>I wish you and your family a happy new year and good luck in the year of the ox!</p><p>During the Spring Festival, the stock market closure arrangements in various places are as follows: (all are local time)</p><p><img src=\"https://static.tigerbbs.com/27cfee666051c46a31c824a795046629\" tg-width=\"1790\" tg-height=\"788\"></p><p><b>U.S. stocks:</b></p><p>On Monday, February 15, the market is closed all day for Presidents' Day.</p><p><b>Hong Kong stocks:</b></p><p>February 11th (Thursday) New Year's Eve the market opens in the morning and closes in the afternoon;</p><p>Closed all day from Friday, February 12 to Monday, February 15;</p><p>The market will open as usual from Tuesday, February 16.</p><p><b>A shares:</b></p><p>The market will be closed from Thursday, February 11 to Wednesday, February 17, and will open as usual from Thursday, February 18.</p><p><b>Shanghai and Shenzhen Stock Connect:</b></p><p>Closed Thursday, February 11 to Wednesday, February 17; Open as usual from Thursday, February 18.</p><p><b>Hong Kong Stock Connect:</b></p><p>Service will be closed from Tuesday, February 9 to Wednesday, February 17 and open as usual from Thursday, February 18.</p><p><b>UK shares:</b></p><p>Trading as usual</p><p><b>Australian stocks:</b></p><p>Trading as usual</p><p><b>Singapore Market:</b></p><p>Trading half day on Thursday, February 11th.</p><p>Closed all day on Friday, February 12th.</p><p><b>Futures markets:</b></p><p>Under HKEX, US dollar gold and index goods were closed at 12: 30 on February 11th, and individual stock futures were closed at 12: 00 on February 11th; Index futures, RMB, individual stock futures and US dollar gold were closed on February 12th and February 15th.</p><p>Foreign exchange, bonds, Bitcoin, stock index, energy and precious metal futures under GME Group will be closed early at 12: 00 on February 15th (02:00 am Beijing time on the 16th); Living livestock, large and small grains, and rice futures were closed all day on February 15th.</p><p>VIX volatility futures under CBOE closed early on February 15th at 10:00.</p><p>The natural rubber cargo under the SGX was closed for the entire trading day of February 11, 2021 and February 12, 2021.</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>Reminder: List of Main Market Closure Arrangements during the Spring Festival Holiday</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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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: List of Main Market Closure Arrangements during the Spring Festival Holiday\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-02-02 10:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The Spring Festival holiday is coming soon, so investors are requested to pay attention and make capital arrangements in advance.<a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a>I wish you and your family a happy new year and good luck in the year of the ox!</p><p>During the Spring Festival, the stock market closure arrangements in various places are as follows: (all are local time)</p><p><img src=\"https://static.tigerbbs.com/27cfee666051c46a31c824a795046629\" tg-width=\"1790\" tg-height=\"788\"></p><p><b>U.S. stocks:</b></p><p>On Monday, February 15, the market is closed all day for Presidents' Day.</p><p><b>Hong Kong stocks:</b></p><p>February 11th (Thursday) New Year's Eve the market opens in the morning and closes in the afternoon;</p><p>Closed all day from Friday, February 12 to Monday, February 15;</p><p>The market will open as usual from Tuesday, February 16.</p><p><b>A shares:</b></p><p>The market will be closed from Thursday, February 11 to Wednesday, February 17, and will open as usual from Thursday, February 18.</p><p><b>Shanghai and Shenzhen Stock Connect:</b></p><p>Closed Thursday, February 11 to Wednesday, February 17; Open as usual from Thursday, February 18.</p><p><b>Hong Kong Stock Connect:</b></p><p>Service will be closed from Tuesday, February 9 to Wednesday, February 17 and open as usual from Thursday, February 18.</p><p><b>UK shares:</b></p><p>Trading as usual</p><p><b>Australian stocks:</b></p><p>Trading as usual</p><p><b>Singapore Market:</b></p><p>Trading half day on Thursday, February 11th.</p><p>Closed all day on Friday, February 12th.</p><p><b>Futures markets:</b></p><p>Under HKEX, US dollar gold and index goods were closed at 12: 30 on February 11th, and individual stock futures were closed at 12: 00 on February 11th; Index futures, RMB, individual stock futures and US dollar gold were closed on February 12th and February 15th.</p><p>Foreign exchange, bonds, Bitcoin, stock index, energy and precious metal futures under GME Group will be closed early at 12: 00 on February 15th (02:00 am Beijing time on the 16th); Living livestock, large and small grains, and rice futures were closed all day on February 15th.</p><p>VIX volatility futures under CBOE closed early on February 15th at 10:00.</p><p>The natural rubber cargo under the SGX was closed for the entire trading day of February 11, 2021 and February 12, 2021.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f8f89c8af2a895e609af6985ff4ae3ab","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140942389","content_text":"春节假期即将来临，敬请广大投资者留意，提前做好资金安排。老虎证券祝您及家人新春快乐，牛年大吉！春节期间各地股市休市安排如下：(均为当地时间）美股：2月15日（星期一）因美国总统日全天休市。港股：2月11日（星期四）除夕上午开市，下午休市；2月12日（星期五）至2月15日（星期一）全天休市；2月16日（星期二）起照常开市。A股：2月11日（星期四）至2月17日（星期三）休市，2月18日（星期四）起照常开市。沪、深股通：2月11日（星期四）至2月17日（星期三）关闭；2月18日（星期四）起照常开通。港股通：2月9日（星期二）至2月17日（星期三）关闭服务，2月18日（星期四）起照常开通。英股：照常交易澳股：照常交易新加坡市场：2月11日（星期四）交易半日。2月12日（星期五）全天休市。期货市场：HKEX下美元黄金、指数类货于2月11日12：30休市，个股期货于2月11日12：00休市；指数类期货、人民币、个股期货、美元黄金于2月12日以及2月15日整个交易日休市。GME Group下外汇、债券、比特币、股指、能源、贵金属期货于2月15日12：00（北京时间16日凌晨02:00）提前休市；活畜、大小谷物、稻谷期货于2月15日全天休市。CBOE 下 VIX 波动率期货于2月15日10：00提前休市。SGX下天然橡胶货于2021年2月11日以及2021年2月12日整个交易日休市。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368613627,"gmtCreate":1614316832869,"gmtModify":1704770576576,"author":{"id":"3573421956577562","authorId":"3573421956577562","name":"新人求发展","avatar":"https://static.tigerbbs.com/3a300c8a498fbccaa29ad2ad3547fd32","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573421956577562","idStr":"3573421956577562"},"themes":[],"htmlText":"☹️","listText":"☹️","text":"☹️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/368613627","repostId":"1161152496","repostType":4,"isVote":1,"tweetType":1,"viewCount":2547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387467358,"gmtCreate":1613778914774,"gmtModify":1704884889908,"author":{"id":"3573421956577562","authorId":"3573421956577562","name":"新人求发展","avatar":"https://static.tigerbbs.com/3a300c8a498fbccaa29ad2ad3547fd32","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573421956577562","idStr":"3573421956577562"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387467358","repostId":"1175717549","repostType":4,"repost":{"id":"1175717549","kind":"news","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1613776862,"share":"https://ttm.financial/m/news/1175717549?lang=en_US&edition=fundamental","pubTime":"2021-02-20 07:21","market":"hk","language":"zh","title":"Top investment banks in the world on the current economic recovery outlook and trading strategy selection","url":"https://stock-news.laohu8.com/highlight/detail?id=1175717549","media":"Wind万得","summary":"香港万得通讯社报道，摩根士丹利认为美国财政刺激即将来临，疫情改善，以及全球经济加速复苏的步伐会持续支撑“再通胀”交易。在这样一个背景下，该行对股、债、汇市场走势给出了一些交易策略提示。\n其预计全球需求","content":"<p>Hong Kong Wind News Agency reported that Morgan Stanley believes that the fiscal stimulus in the United States is coming, the improvement of the epidemic situation, and the accelerated pace of global economic recovery will continue to support the \"reinflation\" transaction. Under such a background, the bank gave some trading strategy tips on the trend of stock, debt and foreign exchange markets.</p><p>It expects global demand to surge in March-April and return to pre-pandemic levels by the second quarter of 2021. A surge in aggregate demand will also fuel global economic growth. With the global economy expected to reopen from March-April, Morgan Stanley expects a significant increase in consumer spending alongside a strong economic recovery.</p><p><img src=\"https://static.tigerbbs.com/6f076fed1e0e37cf4f4497357a33e0f4\" tg-width=\"589\" tg-height=\"340\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/6f076fed1e0e37cf4f4497357a33e0f4\" tg-width=\"589\" tg-height=\"340\" referrerpolicy=\"no-referrer\"></p><p>Morgan Stanley expects 1.0 to 1.5 trillion yuan of stimulus to pass in March. National and local government funds, public health, unemployment insurance and low-income families are likely to be spent soon, given the urgent needs. If the estimate of the stimulus amount is accurate, the economic recovery will accelerate. Moreover, Morgan Stanley expects that vaccinations and warmer weather should achieve a sharp drop in cases and hospitalizations by the summer of 2021.</p><p><img src=\"https://static.tigerbbs.com/a2e7b7ece41c02393dd014d135534610\" tg-width=\"553\" tg-height=\"346\" referrerpolicy=\"no-referrer\"></p><p>At the same time, Asian countries will drive the recovery of the capital expenditure cycle. It expects Asian capital spending to see its strongest growth since 2010. Exports have recovered, capacity utilization has risen, and global trade growth is expected to accelerate again.</p><p><img src=\"https://static.tigerbbs.com/2762bdcddf077901577e73d915920632\" tg-width=\"591\" tg-height=\"345\" referrerpolicy=\"no-referrer\"></p><p>The agency believes that core personal consumption spending in the United States will exceed 2% this cycle, and the reasons behind the support include:</p><p>-Active policy support: Given the nature of the crisis, policymakers have not hesitated to provide significant support and, in fact, strengthen consumer behaviour. Global assets have grown by $5.2 trillion since the end of 2019, coinciding with a decline in consumer credit liabilities, which has somewhat increased consumers' ability to spend more.</p><p>-The unemployment rate exaggerates the economic losses: to date, some 68% of the unemployed are also concentrated in areas sensitive to the pandemic. They should see a rebound in the labor market and a reopening of the economy.</p><p>-Continued policy action to address inequality: Policy measures such as further increases in the minimum wage are under discussion, which will raise inflation.</p><p>-Monetary policy remains accommodative: The Fed is committed to its average inflation target of 2%, so it is unlikely to adopt a pre-emptive rate hike like before.</p><p><img src=\"https://static.tigerbbs.com/c380598420ce6f53489f67a91acd0017\" tg-width=\"629\" tg-height=\"674\" referrerpolicy=\"no-referrer\"></p><p>According to Morgan Stanley, according to the current economic cycle indicators, the impact on stocks is still positive. Stocks tend to return higher than the average in the pre-cycle period during this period, especially after the cycle trough. It also gives some trading suggestions:</p><p><b>Trade One: Go Long for the Russell 2000 Index</b></p><p>The agency believes that this economic cycle is more \"normal\" than ever. Exposure should be held in stocks that outperform early in the cycle, one of which is holding small caps rather than large caps. Small-cap earnings are likely to continue to grow and outpace large-cap stocks, as they have in past post-recession situations. The risk of this trade is that small caps have rebounded significantly, which could slow the pace of further share price gains.</p><p><img src=\"https://static.tigerbbs.com/f4e9ce6d44ca5550be9d492da8c988ec\" tg-width=\"569\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p><p><b>Trade Two: Go Long in U.S. Financial Stocks</b></p><p>Morgan Stanley U.S. equity strategists remain overweight in financial stocks, and given historically low relative valuation levels, and the possibility of rising nominal yields, the earnings backdrop for financial businesses is improving, with strong third-quarter results. While other cyclical stocks have seen a rebound, financials continue to trade at a lower P/E and are currently at levels similar to those during the global financial crisis. The risk of this trade is that the recession will be longer and more severe than expected.</p><p><img src=\"https://static.tigerbbs.com/7c08cee79be42229d77c1cb7663b6b03\" tg-width=\"580\" tg-height=\"293\" referrerpolicy=\"no-referrer\"></p><p><b>Trade Three: Go Long on European Stocks</b></p><p>European stock markets saw good momentum in 2021 as the economy rebounded and policymakers spurred the economic recovery. Morgan Stanley's European equity strategist believes this could continue for years to come. Corporate earnings continue to grow strongly, about 43% so far</p><p>The company has outperformed expectations and, if maintained, will hit an all-time high. The risk of this deal is that the negative impact of the pandemic persists, or that the EU recovery fund is disappointing.</p><p><b>Trade Four: The Steepness of Long US 5s30</b></p><p>The continued V-shaped economic recovery, vaccines, fiscal stimulus and a dovish Federal Reserve have made US Treasury Bond yields rise, mainly driven by the long end. Consistent with the Fed's average inflation targeting system, the Fed particularly likes to react to actual improvements in data. Morgan Stanley economists believe that the Fed is unlikely to change its current language before June, and the yield curve is expected to steep. Its global macro strategists expect the 5s30s curve to steep. The trading risk is the more severe disruption caused by the pandemic and ongoing concerns about the Fed's response.</p><p><b>Trade 5: Short CHF/CAD</b></p><p>The Canadian dollar should benefit from high oil prices, strong U.S. growth and upside risks to U.S. fiscal policy. While the Swiss franc is likely to be affected by negative spread trading and low participation in global consumption growth. At present, CFTC Swiss franc has a very long position, which is consistent with other safe haven assets such as Japanese yen and gold. The risk of the deal is a slowdown in global economic growth and a fall in oil prices</p><p><b>Trade Six: Relative Gold, Do Long Copper</b></p><p>Copper benefits from strong fundamentals and reflation-driven trade. Its metals strategists believe copper prices will go all the way higher, predicting a bull market that will remain in 2021. In terms of gold, the economy has recovered strongly and showed a gradual trend, and the rise of long-term real yield has brought downside risks to gold. Moreover, it turns neutral against the US dollar, so support for gold will be reduced.</p><p><img src=\"https://static.tigerbbs.com/91b3ee05c42efc66b22ba20e6f3a34e7\" tg-width=\"617\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></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>Top investment banks in the world on the current economic recovery outlook and trading strategy selection</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop investment banks in the world on the current economic recovery outlook and trading strategy selection\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-02-20 07:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hong Kong Wind News Agency reported that Morgan Stanley believes that the fiscal stimulus in the United States is coming, the improvement of the epidemic situation, and the accelerated pace of global economic recovery will continue to support the \"reinflation\" transaction. Under such a background, the bank gave some trading strategy tips on the trend of stock, debt and foreign exchange markets.</p><p>It expects global demand to surge in March-April and return to pre-pandemic levels by the second quarter of 2021. A surge in aggregate demand will also fuel global economic growth. With the global economy expected to reopen from March-April, Morgan Stanley expects a significant increase in consumer spending alongside a strong economic recovery.</p><p><img src=\"https://static.tigerbbs.com/6f076fed1e0e37cf4f4497357a33e0f4\" tg-width=\"589\" tg-height=\"340\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/6f076fed1e0e37cf4f4497357a33e0f4\" tg-width=\"589\" tg-height=\"340\" referrerpolicy=\"no-referrer\"></p><p>Morgan Stanley expects 1.0 to 1.5 trillion yuan of stimulus to pass in March. National and local government funds, public health, unemployment insurance and low-income families are likely to be spent soon, given the urgent needs. If the estimate of the stimulus amount is accurate, the economic recovery will accelerate. Moreover, Morgan Stanley expects that vaccinations and warmer weather should achieve a sharp drop in cases and hospitalizations by the summer of 2021.</p><p><img src=\"https://static.tigerbbs.com/a2e7b7ece41c02393dd014d135534610\" tg-width=\"553\" tg-height=\"346\" referrerpolicy=\"no-referrer\"></p><p>At the same time, Asian countries will drive the recovery of the capital expenditure cycle. It expects Asian capital spending to see its strongest growth since 2010. Exports have recovered, capacity utilization has risen, and global trade growth is expected to accelerate again.</p><p><img src=\"https://static.tigerbbs.com/2762bdcddf077901577e73d915920632\" tg-width=\"591\" tg-height=\"345\" referrerpolicy=\"no-referrer\"></p><p>The agency believes that core personal consumption spending in the United States will exceed 2% this cycle, and the reasons behind the support include:</p><p>-Active policy support: Given the nature of the crisis, policymakers have not hesitated to provide significant support and, in fact, strengthen consumer behaviour. Global assets have grown by $5.2 trillion since the end of 2019, coinciding with a decline in consumer credit liabilities, which has somewhat increased consumers' ability to spend more.</p><p>-The unemployment rate exaggerates the economic losses: to date, some 68% of the unemployed are also concentrated in areas sensitive to the pandemic. They should see a rebound in the labor market and a reopening of the economy.</p><p>-Continued policy action to address inequality: Policy measures such as further increases in the minimum wage are under discussion, which will raise inflation.</p><p>-Monetary policy remains accommodative: The Fed is committed to its average inflation target of 2%, so it is unlikely to adopt a pre-emptive rate hike like before.</p><p><img src=\"https://static.tigerbbs.com/c380598420ce6f53489f67a91acd0017\" tg-width=\"629\" tg-height=\"674\" referrerpolicy=\"no-referrer\"></p><p>According to Morgan Stanley, according to the current economic cycle indicators, the impact on stocks is still positive. Stocks tend to return higher than the average in the pre-cycle period during this period, especially after the cycle trough. It also gives some trading suggestions:</p><p><b>Trade One: Go Long for the Russell 2000 Index</b></p><p>The agency believes that this economic cycle is more \"normal\" than ever. Exposure should be held in stocks that outperform early in the cycle, one of which is holding small caps rather than large caps. Small-cap earnings are likely to continue to grow and outpace large-cap stocks, as they have in past post-recession situations. The risk of this trade is that small caps have rebounded significantly, which could slow the pace of further share price gains.</p><p><img src=\"https://static.tigerbbs.com/f4e9ce6d44ca5550be9d492da8c988ec\" tg-width=\"569\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p><p><b>Trade Two: Go Long in U.S. Financial Stocks</b></p><p>Morgan Stanley U.S. equity strategists remain overweight in financial stocks, and given historically low relative valuation levels, and the possibility of rising nominal yields, the earnings backdrop for financial businesses is improving, with strong third-quarter results. While other cyclical stocks have seen a rebound, financials continue to trade at a lower P/E and are currently at levels similar to those during the global financial crisis. The risk of this trade is that the recession will be longer and more severe than expected.</p><p><img src=\"https://static.tigerbbs.com/7c08cee79be42229d77c1cb7663b6b03\" tg-width=\"580\" tg-height=\"293\" referrerpolicy=\"no-referrer\"></p><p><b>Trade Three: Go Long on European Stocks</b></p><p>European stock markets saw good momentum in 2021 as the economy rebounded and policymakers spurred the economic recovery. Morgan Stanley's European equity strategist believes this could continue for years to come. Corporate earnings continue to grow strongly, about 43% so far</p><p>The company has outperformed expectations and, if maintained, will hit an all-time high. The risk of this deal is that the negative impact of the pandemic persists, or that the EU recovery fund is disappointing.</p><p><b>Trade Four: The Steepness of Long US 5s30</b></p><p>The continued V-shaped economic recovery, vaccines, fiscal stimulus and a dovish Federal Reserve have made US Treasury Bond yields rise, mainly driven by the long end. Consistent with the Fed's average inflation targeting system, the Fed particularly likes to react to actual improvements in data. Morgan Stanley economists believe that the Fed is unlikely to change its current language before June, and the yield curve is expected to steep. Its global macro strategists expect the 5s30s curve to steep. The trading risk is the more severe disruption caused by the pandemic and ongoing concerns about the Fed's response.</p><p><b>Trade 5: Short CHF/CAD</b></p><p>The Canadian dollar should benefit from high oil prices, strong U.S. growth and upside risks to U.S. fiscal policy. While the Swiss franc is likely to be affected by negative spread trading and low participation in global consumption growth. At present, CFTC Swiss franc has a very long position, which is consistent with other safe haven assets such as Japanese yen and gold. The risk of the deal is a slowdown in global economic growth and a fall in oil prices</p><p><b>Trade Six: Relative Gold, Do Long Copper</b></p><p>Copper benefits from strong fundamentals and reflation-driven trade. Its metals strategists believe copper prices will go all the way higher, predicting a bull market that will remain in 2021. In terms of gold, the economy has recovered strongly and showed a gradual trend, and the rise of long-term real yield has brought downside risks to gold. Moreover, it turns neutral against the US dollar, so support for gold will be reduced.</p><p><img src=\"https://static.tigerbbs.com/91b3ee05c42efc66b22ba20e6f3a34e7\" tg-width=\"617\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/79b5812c98959c2e806387aea7a6ea77","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175717549","content_text":"香港万得通讯社报道，摩根士丹利认为美国财政刺激即将来临，疫情改善，以及全球经济加速复苏的步伐会持续支撑“再通胀”交易。在这样一个背景下，该行对股、债、汇市场走势给出了一些交易策略提示。\n其预计全球需求将在3-4月激增，到2021年第二季度将恢复到疫情前的水平。总需求的激增也将推动全球经济增长。随着全球经济预计从3-4月重新开放，摩根士丹利预计在经济强劲复苏的同时，消费者支出将大幅增加。\n\n\n摩根士丹利预计在3月会有1.0至1.5万亿元的刺激通过。国家和地方政府的资金，公共健康、失业保险和低收入家庭考虑到迫切的需要，很可能很快就会花掉。如果对于刺激金额预测准确的话，那么经济复苏会加快。此外摩根士丹利预计到2021年夏天，疫苗接种和更温暖的天气应该可以实现病例和住院率急剧下降。\n\n同时，亚洲国家会推动资本支出周期的复苏。其预计亚洲资本支出应该会出现2010年以来最强劲的增长。出口复苏，产能利用率上升，预计全球贸易增长将出现再次加速。\n\n该机构认为，美国核心个人消费支出将在本周期内超过2%，背后支持的原因包括：\n- 积极的政策支持:鉴于这场危机的性质，决策者毫不犹豫地提供了重大支持，并且实际上加强了消费行为。自2019年底以来，全球资产增长5.2万亿美元，与此同时，消费者信贷负债有所下降，这在一定程度上增加了消费者增加支出的能力。\n- 失业率夸大了经济损失: 迄今为止，约68%失业人数中也主要集中在疫情敏感的领域。他们应该会看到劳动力市场的反弹和经济重新开放。\n- 继续采取政策行动解决不平等问题: 进一步提高最低工资等政策措施正在讨论如何实施，这将会提高通货膨胀。\n- 货币政策仍是宽松的: 美联储承诺其2%的平均通胀目标，因此不太可能像以前这样采取先发制人的加息。\n\n据摩根士丹利根据目前经济周期指标，认为对股票的影响还是属于正面。股票在这段时期内回报往往高于周期前期的平均值，特别是周期低谷后的平均值。其也给出了一些交易建议：\n交易一：做多罗素2000指数\n该机构认为，本轮经济周期比以往更为“正常”。应该在周期早期表现优异的股票中持有敞口，其中之一就是持有小型股而非大型股。小型股的收益可能会继续增长并超过大型股，就像以往衰退后的情况一样。此交易的风险是小型股已经大幅反弹，这可能会放缓股价进一步上涨的节奏。\n\n交易二：做多美国金融股\n摩根士丹利美国股票策略师仍增持金融类股，鉴于历史上相对估值水平较低，以及名义收益率上升的可能性，金融企业的收益背景正在改善，第三季度业绩强劲。尽管其他周期性股票已看到反弹，但金融类股继续以较低的市盈率交易，目前的水平与全球金融危机期间相似。此交易风险为经济衰退比预期的更长、更严重。\n\n交易三：做多欧洲股票\n由于经济反弹，政策制定者刺激经济复苏，欧洲股市2021年增长势头良好。摩根士丹利欧洲股票策略师认为，这种情况可能会持续多年。企业收益继续强劲增长，到目前为止有约43%\n公司的表现超出了预期，如果维持的话，将会创下历史新高。该交易风险是疫情负面影响持续存在，或欧盟复苏基金令人失望。\n交易四：做多美国5s30的陡峭\n经济V型持续复苏、疫苗、财政刺激和鸽派美联储让美国国债收益率上升，主要由长端来驱动。与美联储的平均通胀目标制相一致的是美联储尤其喜欢对数据的实际改善做出反应。摩根士丹利经济学家认为美联储在6月前不太可能会改变当下的措辞，预计收益率曲线趋于陡峭。其全球宏观策略师预计，5s30s曲线将趋陡。该交易风险是疫情造成的更严重破坏以及对美联储应对措施的担忧持续存在。\n交易五：做空瑞郎/加元\n加元应受益于高油价、强劲的美国增长和美国财政政策的上行风险。而瑞士法郎可能会受到负利差交易和对全球消费增长的低参与度影响。目前CFTC瑞士法郎非常做多头寸还是非常多，和日元和黄金等其他避险资产吻合。该交易风险是全球经济增长放缓，油价下跌\n交易六：相对黄金，做多铜\n铜受益于强劲的基本面和通货再膨胀驱动的贸易。其金属策略师认为，铜价将一路走高，预测2021年将保持牛市。而在黄金方面，经济强劲复苏，并呈现渐进趋势，长端实际收益率的上升给黄金带来了下行风险。此外，其对美元转为中性，因此对黄金的支撑将减少。","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":388385143,"gmtCreate":1613023631782,"gmtModify":1704877481373,"author":{"id":"3573421956577562","authorId":"3573421956577562","name":"新人求发展","avatar":"https://static.tigerbbs.com/3a300c8a498fbccaa29ad2ad3547fd32","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573421956577562","idStr":"3573421956577562"},"themes":[],"htmlText":"66","listText":"66","text":"66","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/388385143","repostId":"1168524354","repostType":4,"isVote":1,"tweetType":1,"viewCount":2489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}