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aquariusfung

aquariusfung

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2022-05-05

👍

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2022-04-20

[Grin]

Got $5,000? Buy and Hold These 3 Value Stocks for Years

2022-04-14

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Sorry, the original content has been removed

2022-03-14

[Surprised] [Surprised] [Surprised] //@斗战胜佛巴菲特: OK

@中国基金报:“股神”巴菲特出手！又買了100個億

2022-02-08

😲

Bank of America's "amazing" forecast: Fed rate hike seven times this year

2022-01-11

Wow

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2022-01-11

Good

Rate hike is expected to impact technology stocks and switch to value stocks in 2022? What does Wall Street think?

2022-01-06

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Sorry, the original content has been removed

2022-01-06

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10 billion to Tencent! The annual report of the largest public pension in the United States exposed

2021-06-14

?

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Go to Tiger App to see more news

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23:02","market":"us","language":"en","title":"Got $5,000? 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Buy and Hold These 3 Value Stocks for Years</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\">\nGot $5,000? Buy and Hold These 3 Value Stocks for Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-19 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/19/got-5000-buy-and-hold-these-3-value-stocks-for-yea/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While I don't consider myself a true value investor, the market's rough start to 2022 has brought forward many cheap-looking valuations that have caught my attention.Of course, cheap valuations alone ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/19/got-5000-buy-and-hold-these-3-value-stocks-for-yea/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CROX":"卡骆驰","FDX":"联邦快递","ROIC":"Retail Opportunity Investments C","NVR":"NVR Inc","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://www.fool.com/investing/2022/04/19/got-5000-buy-and-hold-these-3-value-stocks-for-yea/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2228599280","content_text":"While I don't consider myself a true value investor, the market's rough start to 2022 has brought forward many cheap-looking valuations that have caught my attention.Of course, cheap valuations alone mean nothing unless the underlying operations are sound.Today, let's look at three companies that seem to unite these two worlds, offering forward price-to-earnings ratios below 10 with businesses that look poised to only grow stronger over time.FedExMuch like Pepsi has thrived for years in Coca-Cola's shadow, FedEx has quietly continued growing alongside United Parcel Service in the U.S. ground shipping industry. Since 1998, FedEx has grown from less than a 10% market share to over 30% as of 2021, trailing only UPS in revenue generated from ground shipping.What makes the relationship between FedEx and UPS even more interesting is that despite similar sales over the last year of $92 billion and $97 billion, respectively, FedEx's market capitalization is only one-third as big as its primary peer. Market caps act as a price tag for stocks and, in this case, help highlight a pretty significant discrepancy between two similarly sized operations.So, what causes this large of a difference?Free cash flow margins.FDX Free Cash Flow data by YChartsDespite having similar revenue totals, UPS generated three times as much free cash flow as FedEx, thanks to its more efficient capital spending.I'm focusing on FedEx instead of UPS because FedEx's focus on small and medium-sized e-commerce businesses makes it uniquely positioned to benefit from an increasingly entrepreneurial global economy. While UPS shares this focus, FedEx has truly doubled down on its e-commerce capacity over the last few years, trading off short term profitability in favor of long-term cash flows -- across both its ground and freight segments.With U.S. e-commerce expected to grow by 50% over the next four years, according to Statista, FedEx should see solid top-line growth and improving margins from this portion of its business as it matures.Second, FedEx plans to finally integrate its acquisition of Europe-based TNT fully by the end of April, streamlining operations among the combined companies' flight routes and airports. While this acquisition has dragged on for years, the synergies from this purchase may finally take hold, making it pivotal for investors to watch in the upcoming quarters.Having restarted its dividend growth early in 2021, FedEx now yields 1.5% while maintaining a tiny payout ratio of 16% -- leaving ample room for increases in the future.Thanks to this dividend growth potential, the prospect of improving margins over the coming years, and its forward price-to-earnings ratio of only 9.9, FedEx makes for an excellent value stock to consider for the long term.CrocsHaving dropped over 50% from its 52-week highs, beloved foam shoe creator Crocs has seen its price-to-earnings ratio drop to a rarely seen 6.4.Perhaps due to concerns around its $2.5 billion acquisition of fellow plastic shoe company Hey Dude, Crocs shares have been roughed up despite posting 65% and 150% sales and earnings growth, respectively, in 2021.However, Hey Dude projects to be immediately accretive to both the top line and earnings, making the market's sentiment toward the stock confounding. Furthermore, Hey Dude's line of shoes created from recycled plastic pairs nicely with the clog maker's plan of reaching a net-zero carbon impact by 2030.Adding even more validation to bullish Crocs investors, the company's growing return on invested capital (ROIC) over the last five years has been simply phenomenal.CROX Return on Invested Capital data by YChartsROIC essentially measures a company's profitability compared to the capital circulating in the business.Historically, higher ROICs offer stronger outperformance potential, making Crocs' mark of 98% incredibly promising. Furthermore, stocks with consistently increasing ROICs tend to outperform the broader stock market -- making me wonder if Crocs' brightest days may still be ahead.As long as Crocs has a single-digit price-to-earnings ratio, its growth potential and this operational efficiency make it far too tempting for value investors not to consider buying.NVRUsing its unique, asset-light operating model (as far as home builders go), NVR offers investors an additional layer of security in an otherwise secular housing industry.By not participating in land development activities and avoiding direct land ownership, NVR removes many risks that other home-building stocks face. Instead, it signs lot purchase agreements that generally require the company to deposit up to 10% of the total lot price -- freeing up massive amounts of capital to be used elsewhere.Due to this differentiation from its peers, NVR holds a best-in-class ROIC among its largest peers in the residential construction sector.NVR Return on Invested Capital (5y Median) data by YChartsThe most important thing to note from the chart above is NVR's performance after the housing bubble and financial crisis from 2008 to 2010. While its ROIC faced unavoidable pressure, it still managed a 10% mark as its S&P 500 peers plummeted into negative territory.Sporting metrics this strong over its history, it may not surprise you to find out that NVR has smashed the broader market during its publicly traded history -- rising nearly 500% in just the last decade alone.On top of all this, NVR is a share-repurchasing wizard.NVR Shares Outstanding data by YChartsHighlighting the power of these buybacks, NVR grew net income by 10% in 2021 but saw earnings per share rise by 16% due to a lower share count.Thanks to this outstanding ROIC, share buyback history, and forward price-to-earnings ratio of only nine, dollar-cost averaging into a position with NVR seems like a sound idea.","news_type":1,"symbols_score_info":{"CROX":0.9,"FDX":0.9,"NVR":0.9,"ROIC":1}},"isVote":1,"tweetType":1,"viewCount":2562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080263095,"gmtCreate":1649893618427,"gmtModify":1676534599247,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080263095","repostId":"2227126296","repostType":4,"isVote":1,"tweetType":1,"viewCount":2214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032908068,"gmtCreate":1647252027489,"gmtModify":1676534207898,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"[Surprised]&nbsp;[Surprised]&nbsp;[Surprised]&nbsp;//<a href=\"https://ttm.financial/U/3432276741707889\">@斗战胜佛巴菲特</a>: OK","listText":"[Surprised]&nbsp;[Surprised]&nbsp;[Surprised]&nbsp;//<a href=\"https://ttm.financial/U/3432276741707889\">@斗战胜佛巴菲特</a>: OK","text":"[Surprised] [Surprised] [Surprised] //@斗战胜佛巴菲特: OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032908068","repostId":"635554509","repostType":1,"repost":{"id":635554509,"gmtCreate":1647135600000,"gmtModify":1676532834655,"author":{"id":"4107925732032840","authorId":"4107925732032840","name":"中国基金报","avatar":"https://static.tigerbbs.com/498a5e5426489a3835f596f93ba03b51","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4107925732032840","idStr":"4107925732032840"},"themes":[],"title":"“股神”巴菲特出手！又買了100個億","htmlText":"中國基金報記者&nbsp;格林 繼3月2日、3月3日、3月4日連續加倉西方石油公司之後，股神“巴菲特”又出手了！3月9日、3月10日、3月11日再出手加倉西方石油公司，斥資約15.34億美元（近100億人民幣）。 資料顯示，西方石油公司於1920年建立，總部位於美國加利福尼亞州洛杉磯，主要開採石油和天然氣。西方石油公司的業務範圍包括美國、中東、北非和南美，是美國第四大石油和天然氣公司。 3月2日至3月4日的交易，股神“巴菲特”斥資31.22億美元加倉西方石油公司。3月2日至3月11日，股神巴菲特已經合計斥資46.56億美元加倉西方石油公司，摺合人民幣295.18億元。 此外，股神巴菲特截至目前還通過權證持有8386萬股，西方石油公司股票，行權價格在59.624美元每股。若西方石油公司股價繼續上漲，股神巴菲特對這家的公司的持股數量有可能還會繼續上漲。 西方石油公司最新股價57.95美元，年初以來股價已經上漲86.57%。 根據2月14日巴菲特旗下伯克希爾哈撒韋向美國證交會提交的信息披露報告，截至2021年底，巴菲特持倉中含兩家能源公司，西方石油公司之外，還有另一家雪佛龍。對於後一家公司，巴菲特在2021年4季度已經對它進行了加倉。考慮到，巴菲特賬上坐擁鉅額現金，巴菲特也有足夠的實力來進一步增持他看好的公司。 不過，“股神”能源投資也並非回回成功。 事實上，就是西方石油公司本身股神也有看走眼的時候。2020年5月3日，在一年一度的股東大會上，巴菲特被問到對西方石油的投資是回答道：“如果你是西方石油股東或任何一家石油生產公司的股東，在油價走向方面你和我都犯了一個錯誤。” 巴菲特解釋道“在當時的油價上(這項投資)具有吸引力，但顯然在每桶20美元時不是，在每桶負37美元時更加不是。” 數據顯示，2020年2季度巴菲特清空了持倉中的西方石油公司股票。 這次股神巴菲特是把西方石油撈回來。","listText":"中國基金報記者&nbsp;格林 繼3月2日、3月3日、3月4日連續加倉西方石油公司之後，股神“巴菲特”又出手了！3月9日、3月10日、3月11日再出手加倉西方石油公司，斥資約15.34億美元（近100億人民幣）。 資料顯示，西方石油公司於1920年建立，總部位於美國加利福尼亞州洛杉磯，主要開採石油和天然氣。西方石油公司的業務範圍包括美國、中東、北非和南美，是美國第四大石油和天然氣公司。 3月2日至3月4日的交易，股神“巴菲特”斥資31.22億美元加倉西方石油公司。3月2日至3月11日，股神巴菲特已經合計斥資46.56億美元加倉西方石油公司，摺合人民幣295.18億元。 此外，股神巴菲特截至目前還通過權證持有8386萬股，西方石油公司股票，行權價格在59.624美元每股。若西方石油公司股價繼續上漲，股神巴菲特對這家的公司的持股數量有可能還會繼續上漲。 西方石油公司最新股價57.95美元，年初以來股價已經上漲86.57%。 根據2月14日巴菲特旗下伯克希爾哈撒韋向美國證交會提交的信息披露報告，截至2021年底，巴菲特持倉中含兩家能源公司，西方石油公司之外，還有另一家雪佛龍。對於後一家公司，巴菲特在2021年4季度已經對它進行了加倉。考慮到，巴菲特賬上坐擁鉅額現金，巴菲特也有足夠的實力來進一步增持他看好的公司。 不過，“股神”能源投資也並非回回成功。 事實上，就是西方石油公司本身股神也有看走眼的時候。2020年5月3日，在一年一度的股東大會上，巴菲特被問到對西方石油的投資是回答道：“如果你是西方石油股東或任何一家石油生產公司的股東，在油價走向方面你和我都犯了一個錯誤。” 巴菲特解釋道“在當時的油價上(這項投資)具有吸引力，但顯然在每桶20美元時不是，在每桶負37美元時更加不是。” 數據顯示，2020年2季度巴菲特清空了持倉中的西方石油公司股票。 這次股神巴菲特是把西方石油撈回來。","text":"中國基金報記者 格林 繼3月2日、3月3日、3月4日連續加倉西方石油公司之後，股神“巴菲特”又出手了！3月9日、3月10日、3月11日再出手加倉西方石油公司，斥資約15.34億美元（近100億人民幣）。 資料顯示，西方石油公司於1920年建立，總部位於美國加利福尼亞州洛杉磯，主要開採石油和天然氣。西方石油公司的業務範圍包括美國、中東、北非和南美，是美國第四大石油和天然氣公司。 3月2日至3月4日的交易，股神“巴菲特”斥資31.22億美元加倉西方石油公司。3月2日至3月11日，股神巴菲特已經合計斥資46.56億美元加倉西方石油公司，摺合人民幣295.18億元。 此外，股神巴菲特截至目前還通過權證持有8386萬股，西方石油公司股票，行權價格在59.624美元每股。若西方石油公司股價繼續上漲，股神巴菲特對這家的公司的持股數量有可能還會繼續上漲。 西方石油公司最新股價57.95美元，年初以來股價已經上漲86.57%。 根據2月14日巴菲特旗下伯克希爾哈撒韋向美國證交會提交的信息披露報告，截至2021年底，巴菲特持倉中含兩家能源公司，西方石油公司之外，還有另一家雪佛龍。對於後一家公司，巴菲特在2021年4季度已經對它進行了加倉。考慮到，巴菲特賬上坐擁鉅額現金，巴菲特也有足夠的實力來進一步增持他看好的公司。 不過，“股神”能源投資也並非回回成功。 事實上，就是西方石油公司本身股神也有看走眼的時候。2020年5月3日，在一年一度的股東大會上，巴菲特被問到對西方石油的投資是回答道：“如果你是西方石油股東或任何一家石油生產公司的股東，在油價走向方面你和我都犯了一個錯誤。” 巴菲特解釋道“在當時的油價上(這項投資)具有吸引力，但顯然在每桶20美元時不是，在每桶負37美元時更加不是。” 數據顯示，2020年2季度巴菲特清空了持倉中的西方石油公司股票。 這次股神巴菲特是把西方石油撈回來。","images":[{"img":"https://static.tigerbbs.com/9da4aa2b59ed40ef8f584f8c1e247079","width":"-1","height":"-1"},{"img":"https://static.tigerbbs.com/2925e7ef6a0645baadc946f4432f99b2","width":"-1","height":"-1"},{"img":"https://static.tigerbbs.com/13d73f4e5f854e49b3381e196ca8519c","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/635554509","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096349838,"gmtCreate":1644315897926,"gmtModify":1676533911550,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"😲","listText":"😲","text":"😲","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096349838","repostId":"2209451307","repostType":4,"repost":{"id":"2209451307","kind":"highlight","pubTimestamp":1644311979,"share":"https://ttm.financial/m/news/2209451307?lang=en_US&edition=fundamental","pubTime":"2022-02-08 17:19","market":"us","language":"zh","title":"Bank of America's \"amazing\" forecast: Fed rate hike seven times this year","url":"https://stock-news.laohu8.com/highlight/detail?id=2209451307","media":"华尔街见闻","summary":"薪资上涨对工人来说是个好消息，但于美联储而言却是坏消息。如果工资增长过快，预计将推动美联储以更快的速度加息。上周五，美国劳工部公布的数据显示，1月份平均时薪环比增长0.7%，过去12个月的增幅为5.7","content":"<p><html><head></head><body>Rising wages are good news for workers, but bad news for the Federal Reserve. If wages grow too fast, it is expected to push the Fed to rate hike at a faster pace.</p><p>Last Friday, the U.S. Department of Labor released data showing that the average hourly wage in January increased by 0.7% month-on-month.<b>The increase in the past 12 months was 5.7%, the fastest pace since March 2007</b>(except for the early two months of the pandemic).</p><p>There is a growing perception that the Federal Reserve is lagging behind inflation in terms of policy, which is now growing at its fastest pace in nearly 40 years.</p><p>On Monday,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Ethan Harris, head of global economic research, said in a conference call with CNBC:</p><p>If I were the Fed chairman, I would be even more concerned that the factors driving wages higher are more than just exceptions and raise interest rates earlier in the fall.<b>When there are widespread price increases that begin to affect wages, the risk of an inflation spiral increases, and policy measures lag behind the inflation curve, the Fed needs to start acting.</b>Harris made the most aggressive call to the Federal Reserve this year. The latest Bank of America report pointed out that,<b>There will be seven rate hike in 2022, each with a rate hike of 25 basis points, and four rate hike next year.</b></p><p><img src=\"https://static.tigerbbs.com/4d71f78fb385b6a8eb76748da269eed9\" tg-width=\"784\" tg-height=\"179\" referrerpolicy=\"no-referrer\"/></p><p>In this regard, Harris pointed out that although the current market view believes that the possibility of this situation is only 18%, he still supports this view.<b>The main reasons are:</b>The U.S. economic recovery has not only reached the Fed's goal, but even exceeded the stop signs.</p><p>Wages are soaring across almost all income brackets</p><p>During the conference call, Harris mentioned the new approach to monetary policy approved by the Federal Reserve in September 2020. The Fed said that under its flexible average inflation target, in order to achieve full employment, it allows inflation to be higher than its 2% target.</p><p>But as the inflation rate grows to around 7% and the labor market becomes increasingly tight, the Federal Reserve is now accelerating its \"catch-up\" and changing monetary policy to cope with the severe inflation situation.</p><p><b>Harris noted that wages are skyrocketing across almost every income bracket.</b></p><p><img src=\"https://static.tigerbbs.com/22b81b83224ba1b963bcd13331680628\" tg-width=\"594\" tg-height=\"350\" referrerpolicy=\"no-referrer\"/></p><p><b>The leisure and hospitality industries, which were most affected by the epidemic, saw the largest wage increases,</b>It has risen by 13% in the past year. Wages in the financial sector rose by 4.8%, while wages in the retail sector rose by 7.1%.</p><p>Previous news articles mentioned that salary increases are \"blossoming in an all-round way.\" In addition to raising wages for middle and low-class workers, Wall Street financial institutions are also \"chasing after each other\" to increase employee salaries. Biden also issued an executive order to increase the minimum wage for federal employees last month. to $15.</p><p>Soaring wages are part of the'great resignation wave '</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Consider the trend of soaring wages as part of the \"Great Resignation Wave\", which refers to the sharp increase in the number of resignations in the United States since 2021, and the turnover rate is at the highest level in nearly 20 years. According to data from the U.S. Department of Labor, the number of U.S. labor changes or departures in 2021 was 47.4 million.</p><p><img src=\"https://static.tigerbbs.com/5f2ef87143df605f0b95c38ef19600a0\" tg-width=\"387\" tg-height=\"249\" referrerpolicy=\"no-referrer\"/></p><p>Goldman Sachs economists Joseph Briggs and David Mericle point out in a note that the \"Great Resignation Wave\" includes two distinct but interrelated trends:<b>Millions of workers have left the workforce, and millions more have quit for better, higher-paying employment opportunities. These trends have pushed wage increases to an increasingly worrying level of a spiraling wage inflation.</b></p><p>Goldman Sachs data shows that wage growth in the United States will slow down this year, but only slightly, and is expected to reach about 5% this year.<b>It is worth mentioning that Goldman Sachs predicts that there will be four rate hike in 2022.</b></p><p>Goldman Sachs economists pointed out that labor costs are growing faster than the 2% inflation target, which may keep inflation higher and the Federal Reserve will take a more aggressive response.</p><p>Rate hike 50 basis points'reasonable 'but inconsistent with Powell's'humble' attitude</p><p>The market has been slowly overweighting the Fed's rate hike, with five rate hike expected this year, but more rate hike is still possible, and at a faster pace. Although traders generally expect the Fed to issue a 25 basis point rate hike in March, it does not rule out the Fed choosing a one-time sharp 50 basis point rate hike in March<b>, the likelihood of a rate hike of 50 basis points has risen to nearly 30%.</b></p><p><b>Harris said:</b></p><p>Rate hike of 50 basis points would be \"a reasonable thing\", but it is inconsistent with the \"humble\" attitude supported by Federal Reserve Chairman Jerome Powell at the press conference after the January FOMC meeting. Mohamed El-Erian, chief economic adviser at Allianz Group, told CNBC's Squawk Box on Monday that the Federal Reserve policy has lagged behind and hopes they can regain their inflation rhetoric and control wage growth. Earlier, El-Erian warned in an op-ed that the more delay, the greater the risk of policy tightening. Instead of ensuring a soft landing, the Federal Reserve and the European Central Bank may be forced to adopt excessive \"catch-up\" tightening policies.</p><p>In addition, Harris pointed out,<b>Actually, he doesn't think rate hike will destroy the economy, as long as the Fed sends accurate messages that rate hike aims to control inflation, not curb economic growth.</b></p><p>Harris added that this rate hike cycle may be similar to the Fed's move in mid-2005, when the Fed conducted 17 consecutive rate hike in order to cool the runaway housing market. Referring to the expected 11 rate hike by 2023, Harris said:</p><p>This isn't an aggressive forecast, it's just a path of less resistance for a central bank starting from scratch.</body></html></p>","source":"wallstreetcn_api","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>Bank of America's \"amazing\" forecast: Fed rate hike seven times this year</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\">\nBank of America's \"amazing\" forecast: Fed rate hike seven times this year\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-02-08 17:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Rising wages are good news for workers, but bad news for the Federal Reserve. If wages grow too fast, it is expected to push the Fed to rate hike at a faster pace.</p><p>Last Friday, the U.S. Department of Labor released data showing that the average hourly wage in January increased by 0.7% month-on-month.<b>The increase in the past 12 months was 5.7%, the fastest pace since March 2007</b>(except for the early two months of the pandemic).</p><p>There is a growing perception that the Federal Reserve is lagging behind inflation in terms of policy, which is now growing at its fastest pace in nearly 40 years.</p><p>On Monday,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Ethan Harris, head of global economic research, said in a conference call with CNBC:</p><p>If I were the Fed chairman, I would be even more concerned that the factors driving wages higher are more than just exceptions and raise interest rates earlier in the fall.<b>When there are widespread price increases that begin to affect wages, the risk of an inflation spiral increases, and policy measures lag behind the inflation curve, the Fed needs to start acting.</b>Harris made the most aggressive call to the Federal Reserve this year. The latest Bank of America report pointed out that,<b>There will be seven rate hike in 2022, each with a rate hike of 25 basis points, and four rate hike next year.</b></p><p><img src=\"https://static.tigerbbs.com/4d71f78fb385b6a8eb76748da269eed9\" tg-width=\"784\" tg-height=\"179\" referrerpolicy=\"no-referrer\"/></p><p>In this regard, Harris pointed out that although the current market view believes that the possibility of this situation is only 18%, he still supports this view.<b>The main reasons are:</b>The U.S. economic recovery has not only reached the Fed's goal, but even exceeded the stop signs.</p><p>Wages are soaring across almost all income brackets</p><p>During the conference call, Harris mentioned the new approach to monetary policy approved by the Federal Reserve in September 2020. The Fed said that under its flexible average inflation target, in order to achieve full employment, it allows inflation to be higher than its 2% target.</p><p>But as the inflation rate grows to around 7% and the labor market becomes increasingly tight, the Federal Reserve is now accelerating its \"catch-up\" and changing monetary policy to cope with the severe inflation situation.</p><p><b>Harris noted that wages are skyrocketing across almost every income bracket.</b></p><p><img src=\"https://static.tigerbbs.com/22b81b83224ba1b963bcd13331680628\" tg-width=\"594\" tg-height=\"350\" referrerpolicy=\"no-referrer\"/></p><p><b>The leisure and hospitality industries, which were most affected by the epidemic, saw the largest wage increases,</b>It has risen by 13% in the past year. Wages in the financial sector rose by 4.8%, while wages in the retail sector rose by 7.1%.</p><p>Previous news articles mentioned that salary increases are \"blossoming in an all-round way.\" In addition to raising wages for middle and low-class workers, Wall Street financial institutions are also \"chasing after each other\" to increase employee salaries. Biden also issued an executive order to increase the minimum wage for federal employees last month. to $15.</p><p>Soaring wages are part of the'great resignation wave '</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Consider the trend of soaring wages as part of the \"Great Resignation Wave\", which refers to the sharp increase in the number of resignations in the United States since 2021, and the turnover rate is at the highest level in nearly 20 years. According to data from the U.S. Department of Labor, the number of U.S. labor changes or departures in 2021 was 47.4 million.</p><p><img src=\"https://static.tigerbbs.com/5f2ef87143df605f0b95c38ef19600a0\" tg-width=\"387\" tg-height=\"249\" referrerpolicy=\"no-referrer\"/></p><p>Goldman Sachs economists Joseph Briggs and David Mericle point out in a note that the \"Great Resignation Wave\" includes two distinct but interrelated trends:<b>Millions of workers have left the workforce, and millions more have quit for better, higher-paying employment opportunities. These trends have pushed wage increases to an increasingly worrying level of a spiraling wage inflation.</b></p><p>Goldman Sachs data shows that wage growth in the United States will slow down this year, but only slightly, and is expected to reach about 5% this year.<b>It is worth mentioning that Goldman Sachs predicts that there will be four rate hike in 2022.</b></p><p>Goldman Sachs economists pointed out that labor costs are growing faster than the 2% inflation target, which may keep inflation higher and the Federal Reserve will take a more aggressive response.</p><p>Rate hike 50 basis points'reasonable 'but inconsistent with Powell's'humble' attitude</p><p>The market has been slowly overweighting the Fed's rate hike, with five rate hike expected this year, but more rate hike is still possible, and at a faster pace. Although traders generally expect the Fed to issue a 25 basis point rate hike in March, it does not rule out the Fed choosing a one-time sharp 50 basis point rate hike in March<b>, the likelihood of a rate hike of 50 basis points has risen to nearly 30%.</b></p><p><b>Harris said:</b></p><p>Rate hike of 50 basis points would be \"a reasonable thing\", but it is inconsistent with the \"humble\" attitude supported by Federal Reserve Chairman Jerome Powell at the press conference after the January FOMC meeting. Mohamed El-Erian, chief economic adviser at Allianz Group, told CNBC's Squawk Box on Monday that the Federal Reserve policy has lagged behind and hopes they can regain their inflation rhetoric and control wage growth. Earlier, El-Erian warned in an op-ed that the more delay, the greater the risk of policy tightening. Instead of ensuring a soft landing, the Federal Reserve and the European Central Bank may be forced to adopt excessive \"catch-up\" tightening policies.</p><p>In addition, Harris pointed out,<b>Actually, he doesn't think rate hike will destroy the economy, as long as the Fed sends accurate messages that rate hike aims to control inflation, not curb economic growth.</b></p><p>Harris added that this rate hike cycle may be similar to the Fed's move in mid-2005, when the Fed conducted 17 consecutive rate hike in order to cool the runaway housing market. Referring to the expected 11 rate hike by 2023, Harris said:</p><p>This isn't an aggressive forecast, it's just a path of less resistance for a central bank starting from scratch.</body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3651382\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/02a85629f2a809e4eabd8677140a5f70","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯","BK4550":"红杉资本持仓","BK4534":"瑞士信贷持仓",".IXIC":"NASDAQ Composite","BK4504":"桥水持仓","BK4559":"巴菲特持仓"},"source_url":"https://wallstreetcn.com/articles/3651382","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2209451307","content_text":"薪资上涨对工人来说是个好消息，但于美联储而言却是坏消息。如果工资增长过快，预计将推动美联储以更快的速度加息。上周五，美国劳工部公布的数据显示，1月份平均时薪环比增长0.7%，过去12个月的增幅为5.7%，这是自2007年3月以来增速最快的一次（疫情初期的两个月除外）。人们越来越多地认为，美联储在政策方面落后于通胀增速，目前美国通胀率正以近40年来最快的速度增长。周一，美国银行全球经济研究部主管Ethan Harris在与CNBC的电话会议中表示：如果我是美联储主席，我会更加担心推动工资上涨的因素不仅仅是例外情况，并在秋天早些时候提高利率。当存在广泛的物价上涨，并开始影响到工资，通胀螺旋风险加大，政策措施就落后于通胀曲线，美联储需要开始行动。Harris对美联储发出了今年以来最激进的呼吁，美银最新报告指出，2022年将有七次加息，每次加息25个基点，明年还会有四次加息。对此，Harris指出，尽管目前市场观点认为这种情况的可能性只有18%，但他依然支持这个观点，主要原因在于：美国经济复苏不仅达到了美联储的目标，甚至还超过了停止线(the stop signs)。几乎所有收入阶层的工资都在飙升Harris在电话会议中提及美联储2020年9月批准的货币政策新方法。美联储表示，在灵活的平均通胀目标下，为了实现充分就业，允许通胀率高于2%的目标。但随着通胀率增长到7%左右，劳动力市场越来越紧张，美联储现在加速“追赶”，改变货币政策进而应对严峻的通胀形势。Harris指出，几乎所有收入阶层的工资都在飙升。受疫情影响最严重的休闲和酒店行业工资增幅最大，在过去一年的上涨了13%。金融行业的工资上涨了4.8%，而零售行业的工资更是上涨了7.1%。此前见闻文章提及，加薪“全面开花”，除了中低阶层工人提高了工资，华尔街金融机构也“你追我赶”地增加员工薪资，拜登上个月还发布了上调联邦雇员的最低工资至15美元的行政命令。工资飙升是“大辞职潮”的一部分高盛将工资飙升这一趋势视为“大辞职潮”的一部分，“大辞职潮”是指2021年以来，美国离职人数陡增，离职率处于近20年来最高水平。根据美国劳工部数据，2021年全年美国劳动力更换或离职次数为4740万人次。高盛经济学家Joseph Briggs和David Mericle在一份报告中指出，“大辞职潮”包括两个截然不同但相互关联的趋势：数百万工人离开了劳动力大军，还有数百万人为了更好、更高收入的就业机会而辞职。这些趋势已将工资涨幅推至一个越来越令人担忧的水平，即工资通胀螺旋上升。高盛数据显示，今年美国工资增长将会放缓，但只是小幅放缓，到今年预计会达到5%左右。值得一提的是，高盛预计，2022年将有四次加息。高盛经济学家指出，劳动力成本的增长速度快于2%的通胀目标，这可能会使通胀继续走高，美联储将采取更激进的应对措施。加息50个基点“合理”，但与鲍威尔“谦逊”态度不一致市场一直在缓慢地加码美联储加息，预计今年将有五次加息，但仍有可能加息更多次，而且速度更快。尽管交易员普遍预计美联储将在3月份加息25个基点，但也不排除美联储3月选择一次性大幅加息50个基点，目前加息50个基点的可能性已升至近30%。Harris表示：加息50个基点将是\"一件合理的事情\"，但这与美联储主席鲍威尔在1月FOMC会议后的新闻发布会上所支持的\"谦逊\"（humble）态度不一致。安联集团首席经济顾问Mohamed El-Erian周一在CNBC的Squawk Box节目中表示，美联储政策已经落后，希望他们能重拾通胀论调，控制工资增长。此前，El-Erian在专栏文章中发出警告，越拖延，政策收紧的风险就越大。美联储和欧央行非但不能确保经济软着陆，反而可能被迫采取过度的“追赶性”紧缩政策。此外，Harris指出，实际上，他不认为加息会破坏经济，只要美联储传达出准确的信息，即加息旨在控制通胀，而不是遏制经济增长。Harris补充称，本轮加息周期可能类似于美联储在2005年中期的举措，当时美联储连续17次加息，目的是为失控的房地产市场降温。谈到预计到2023年将加息11次时，Harris表示：这并不是一个激进的预测，对于一个从零开始的央行来说，这只是一条阻力较小的道路。","news_type":1,"symbols_score_info":{".IXIC":1,"SPY":1,".DJI":1}},"isVote":1,"tweetType":1,"viewCount":2250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006724450,"gmtCreate":1641856314479,"gmtModify":1676533654041,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006724450","repostId":"1137410887","repostType":4,"isVote":1,"tweetType":1,"viewCount":2855,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006722206,"gmtCreate":1641856153566,"gmtModify":1676533653951,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006722206","repostId":"1138761582","repostType":2,"repost":{"id":"1138761582","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":1641823989,"share":"https://ttm.financial/m/news/1138761582?lang=en_US&edition=fundamental","pubTime":"2022-01-10 22:13","market":"us","language":"zh","title":"Rate hike is expected to impact technology stocks and switch to value stocks in 2022? What does Wall Street think?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138761582","media":"Wind万得","summary":"美联储越发鹰派的立场促使投资者抛弃快速成长的科技公司的股票，转而投向银行股、能源股等对经济敏感的股票。一些华尔街顶级公司认为，价值型股票有望在2022年继续大放异彩，不过，近来表现逊色的成长股并没有被","content":"<p><html><head></head><body>The Fed's increasingly hawkish stance has prompted investors to abandon the stocks of fast-growing technology companies in favor of economically sensitive stocks such as banking stocks and energy stocks. Some of Wall Street's top companies believe value stocks are poised to continue to shine in 2022, but growth stocks that have underperformed recently have not been completely dismissed.</p><p>In the face of rising inflation, the Federal Reserve has accelerated the pace of tapering asset purchases and released signals that it may advance rate hike and even shrinking balance sheet. According to CME's FedWatch tool, traders are currently betting on a nearly 70% chance of the Fed's March rate hike. If the U.S. CPI inflation rate data released this week rises again, rate hike is expected to heat up further. Predictably, highly speculative tech stocks will bear the brunt. The high stock prices of fast-growing and loss-making technology companies are based on their potential future returns and are considered extremely vulnerable to rising interest rates, thus weakening potential future returns.</p><p>As Hani Redha, portfolio manager of PineBridge Investments, said, \"Speculative technology stocks are being destroyed.\" The technology-dominated Nasdaq Composite Index fell 4.5% in the first week of 2022, its worst start to the year in six years. Goldman Sachs' index shows that shares of loss-making technology companies have fallen about 10% this year. The bank estimates that companies that can generate strong growth regardless of the ups and downs of the U.S. economy have fallen by more than 8%.</p><p>The plunge in technology stocks came as U.S. Treasury Bond yields posted their biggest gain in 28 months, with the benchmark 10-year U.S. Treasury yield jumping to 1.8% from 1.5% at the end of 2021, hitting a nearly two-year high.</p><p><img src=\"https://static.tigerbbs.com/810b0a3facde719110044db960d567df\" tg-width=\"687\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p>Jurrien Timmer, head of global macro strategy at Fidelity Investments, said: \"It went to the moon (before speculative tech stocks), and now the liquidity tide is reversing.\"</p><p>As yields rise, the fate of previously underappreciated value stocks is also being rewritten, with share prices of banks, oil majors, large industrial groups, and especially those closely related to the reopening of the U.S. economy all rising.</p><p>Judging from the performance of each sector of the S&P 500 Index in 2021, among the four sectors that outperformed the broader market, three (energy, real estate, and finance) belong to value sectors, indicating that such stocks are quite popular among investors.</p><p><img src=\"https://static.tigerbbs.com/1e02eb5ca007e065bcbac5c4cab84d32\" tg-width=\"796\" tg-height=\"591\" referrerpolicy=\"no-referrer\"/></p><p>In the first week of 2022, while the S&P 500 index fell 1.87%, value stocks managed to rise. The Russell 1000 Value Index rose 0.75% that week, outperforming the Russell 1000 Growth Index by more than 5 percentage points, the highest level in a comparable period since records began in 1991, reflecting the shift in the market.</p><p><img src=\"https://static.tigerbbs.com/e2aa2ceb3e48d4c914b239ec09831a79\" tg-width=\"686\" tg-height=\"473\" referrerpolicy=\"no-referrer\"/></p><p><b>Stick to cyclical bets, said Solita Marcelli, head of investments for the Americas, investment director at UBS Wealth Management.</b>She wrote: \"Growth companies have been the main beneficiaries of ultra-low real and nominal interest rates. It is logical that these stocks will face the strongest headwinds as the Fed begins to normalize policy.<b>In U.S. stocks, we still favor value over growth stocks</b>。”</p><p><b>UBS expects value stocks to have a good chance of outperforming growth stocks at the beginning of the first quarter of 2022, but this momentum will not last.</b>Strong inflation and the labor market should keep breakeven inflation high (helping value stocks more than growth stocks) and real interest rates rising (hurting growth stocks more than value stocks), but the continued shift to value stocks The case for stocks is more driven by an exit from growth stocks than by a strong shift to value stocks. UBS believes that growth stocks will overtake by the second quarter of 2022.</p><p>Given the leverage on rising interest rates and inflation,<b>Morgan Stanley is also slightly biased towards value stocks in the short term</b>, rather than growth stocks. At the same time, the bank noted: \"We believe that the fascination with value vs. growth stocks will begin to fade as special risks become key.\" In Morgan Stanley's view, overall, 2022 is more about individual stocks than sectors or styles.</p><p><b>Also bullish on value stocks are Bank of America and JPMorgan Chase.</b>Bank of America gave five reasons for this: 1) Valuation dispersion is still close to historical highs, and high dispersion in history indicates a period when value stocks perform well; 2) If the epidemic is contained, value stocks may outperform growth stocks; 3) Most indicators show that value stocks are not expensive; 4) From the perspective of factors and sectors, investors still overweight growth stocks and underweight value stocks; 5) The Fed rate hike cycle favors value stocks.</p><p>Cyclical assets and value stocks will outperform, riskier and more volatile assets will rebound, while defensive bond alternatives and market segments that have benefited from the pandemic will encounter headwinds, JPMorgan said. The bank prefers reflation-sensitive sectors-energy and financials, consumer services, healthcare, and small-cap stocks.</p><p><b>BlackRock tends to allocate a mix of cyclical value stocks, such as energy and financials, with long-term structural growth stocks, such as technology and healthcare, as it did last year</b>。 Without the propellant to drive key markets forward on average in 2021, it will be important to focus on fundamental research to distinguish potential winners from losers, the company said.</p><p><b>Goldman Sachs' view is to buy cyclical stocks that are sensitive to the epidemic and inflation, as well as high-growth, high-profit stocks, while avoiding companies with high labor costs and high-growth, unprofitable companies</b>。 Goldman's reasoning is that in the short term, strong economic growth and peaking inflation should support cyclical stocks to outperform; Fast-growing companies that rely entirely on long-term growth expectations are more vulnerable to the risk of rising interest rates or disappointing revenues.</p><p><b>Wells Fargo Investment Institute favors growth and cyclical stocks over defensive sectors</b>。 \"Look for assets that perform well when inflation is above average. Be cautious about yield-sensitive assets,\" the agency said.</p><p></body></html></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>Rate hike is expected to impact technology stocks and switch to value stocks in 2022? What does Wall Street think?</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\">\nRate hike is expected to impact technology stocks and switch to value stocks in 2022? What does Wall Street think?\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\">2022-01-10 22:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The Fed's increasingly hawkish stance has prompted investors to abandon the stocks of fast-growing technology companies in favor of economically sensitive stocks such as banking stocks and energy stocks. Some of Wall Street's top companies believe value stocks are poised to continue to shine in 2022, but growth stocks that have underperformed recently have not been completely dismissed.</p><p>In the face of rising inflation, the Federal Reserve has accelerated the pace of tapering asset purchases and released signals that it may advance rate hike and even shrinking balance sheet. According to CME's FedWatch tool, traders are currently betting on a nearly 70% chance of the Fed's March rate hike. If the U.S. CPI inflation rate data released this week rises again, rate hike is expected to heat up further. Predictably, highly speculative tech stocks will bear the brunt. The high stock prices of fast-growing and loss-making technology companies are based on their potential future returns and are considered extremely vulnerable to rising interest rates, thus weakening potential future returns.</p><p>As Hani Redha, portfolio manager of PineBridge Investments, said, \"Speculative technology stocks are being destroyed.\" The technology-dominated Nasdaq Composite Index fell 4.5% in the first week of 2022, its worst start to the year in six years. Goldman Sachs' index shows that shares of loss-making technology companies have fallen about 10% this year. The bank estimates that companies that can generate strong growth regardless of the ups and downs of the U.S. economy have fallen by more than 8%.</p><p>The plunge in technology stocks came as U.S. Treasury Bond yields posted their biggest gain in 28 months, with the benchmark 10-year U.S. Treasury yield jumping to 1.8% from 1.5% at the end of 2021, hitting a nearly two-year high.</p><p><img src=\"https://static.tigerbbs.com/810b0a3facde719110044db960d567df\" tg-width=\"687\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p>Jurrien Timmer, head of global macro strategy at Fidelity Investments, said: \"It went to the moon (before speculative tech stocks), and now the liquidity tide is reversing.\"</p><p>As yields rise, the fate of previously underappreciated value stocks is also being rewritten, with share prices of banks, oil majors, large industrial groups, and especially those closely related to the reopening of the U.S. economy all rising.</p><p>Judging from the performance of each sector of the S&P 500 Index in 2021, among the four sectors that outperformed the broader market, three (energy, real estate, and finance) belong to value sectors, indicating that such stocks are quite popular among investors.</p><p><img src=\"https://static.tigerbbs.com/1e02eb5ca007e065bcbac5c4cab84d32\" tg-width=\"796\" tg-height=\"591\" referrerpolicy=\"no-referrer\"/></p><p>In the first week of 2022, while the S&P 500 index fell 1.87%, value stocks managed to rise. The Russell 1000 Value Index rose 0.75% that week, outperforming the Russell 1000 Growth Index by more than 5 percentage points, the highest level in a comparable period since records began in 1991, reflecting the shift in the market.</p><p><img src=\"https://static.tigerbbs.com/e2aa2ceb3e48d4c914b239ec09831a79\" tg-width=\"686\" tg-height=\"473\" referrerpolicy=\"no-referrer\"/></p><p><b>Stick to cyclical bets, said Solita Marcelli, head of investments for the Americas, investment director at UBS Wealth Management.</b>She wrote: \"Growth companies have been the main beneficiaries of ultra-low real and nominal interest rates. It is logical that these stocks will face the strongest headwinds as the Fed begins to normalize policy.<b>In U.S. stocks, we still favor value over growth stocks</b>。”</p><p><b>UBS expects value stocks to have a good chance of outperforming growth stocks at the beginning of the first quarter of 2022, but this momentum will not last.</b>Strong inflation and the labor market should keep breakeven inflation high (helping value stocks more than growth stocks) and real interest rates rising (hurting growth stocks more than value stocks), but the continued shift to value stocks The case for stocks is more driven by an exit from growth stocks than by a strong shift to value stocks. UBS believes that growth stocks will overtake by the second quarter of 2022.</p><p>Given the leverage on rising interest rates and inflation,<b>Morgan Stanley is also slightly biased towards value stocks in the short term</b>, rather than growth stocks. At the same time, the bank noted: \"We believe that the fascination with value vs. growth stocks will begin to fade as special risks become key.\" In Morgan Stanley's view, overall, 2022 is more about individual stocks than sectors or styles.</p><p><b>Also bullish on value stocks are Bank of America and JPMorgan Chase.</b>Bank of America gave five reasons for this: 1) Valuation dispersion is still close to historical highs, and high dispersion in history indicates a period when value stocks perform well; 2) If the epidemic is contained, value stocks may outperform growth stocks; 3) Most indicators show that value stocks are not expensive; 4) From the perspective of factors and sectors, investors still overweight growth stocks and underweight value stocks; 5) The Fed rate hike cycle favors value stocks.</p><p>Cyclical assets and value stocks will outperform, riskier and more volatile assets will rebound, while defensive bond alternatives and market segments that have benefited from the pandemic will encounter headwinds, JPMorgan said. The bank prefers reflation-sensitive sectors-energy and financials, consumer services, healthcare, and small-cap stocks.</p><p><b>BlackRock tends to allocate a mix of cyclical value stocks, such as energy and financials, with long-term structural growth stocks, such as technology and healthcare, as it did last year</b>。 Without the propellant to drive key markets forward on average in 2021, it will be important to focus on fundamental research to distinguish potential winners from losers, the company said.</p><p><b>Goldman Sachs' view is to buy cyclical stocks that are sensitive to the epidemic and inflation, as well as high-growth, high-profit stocks, while avoiding companies with high labor costs and high-growth, unprofitable companies</b>。 Goldman's reasoning is that in the short term, strong economic growth and peaking inflation should support cyclical stocks to outperform; Fast-growing companies that rely entirely on long-term growth expectations are more vulnerable to the risk of rising interest rates or disappointing revenues.</p><p><b>Wells Fargo Investment Institute favors growth and cyclical stocks over defensive sectors</b>。 \"Look for assets that perform well when inflation is above average. Be cautious about yield-sensitive assets,\" the agency said.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/50f0a252f951b7accc03d40bda92a3b2","relate_stocks":{".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138761582","content_text":"美联储越发鹰派的立场促使投资者抛弃快速成长的科技公司的股票，转而投向银行股、能源股等对经济敏感的股票。一些华尔街顶级公司认为，价值型股票有望在2022年继续大放异彩，不过，近来表现逊色的成长股并没有被全盘否定。面对不断攀升的通胀，美联储已加快缩减资产购买规模的步伐，并释放可能提前加息、甚至缩表的信号。根据CME的FedWatch工具，目前交易员押注美联储3月加息的可能性接近70%。若本周公布的美国CPI通胀率数据再度升高，加息预期或将进一步升温。可以预见的是，具有高度投机性的科技股将首当其冲。那些成长迅速和亏损的科技公司的高股价是基于其未来可能获得丰厚收益，被认为极易受到利率上升的影响，从而削弱潜在的未来收益。正如PineBridge Investments投资组合经理Hani Redha所说，“投机性科技股正在被摧毁”，以科技股为主的美股纳斯达克综合指数在2022年首周下跌4.5%，为六年来最差开年表现。高盛的指数显示，亏损科技公司的股价今年以来已下跌约10%。该行估计，那些无论美国经济如何起伏都能产生强劲增长的公司已下跌逾8%。科技股大跌之际，美国国债收益率创下28个月来最大涨幅，基准10年期美债收益率从2021年底的1.5%跃升至1.8%，触及近两年高位。Fidelity Investments全球宏观策略主管Jurrien Timmer称：“（投机性科技股之前）升上了月球，现在流动性大潮正在逆转。”随着收益率走高，此前不被看好的价值型股票的命运也在改写，银行、石油巨头、大型工业集团，尤其是那些与美国经济重新开放息息相关的公司股价均出现上扬。从标普500指数各板块2021全年的表现来看，在跑赢大盘的四个板块中，有三个（能源、房地产、金融）属于价值型板块，说明这类股票在投资者中颇具人气。2022年第一周，标普500指数下跌1.87%的同时，价值股成功实现上涨。当周罗素1000价值指数上涨0.75%，表现优于罗素1000成长指数5个百分点以上，为1991年有记录以来可比时期的最高水平，反映出市场的转变。瑞银财富管理投资总监美洲区投资主管Solita Marcelli表示，坚持周期性押注。她写道：“成长型公司一直是超低实际利率和名义利率的主要受益者。随着美联储开始政策正常化，这些股票将面临最强大的阻力，这点合乎逻辑。在美国股市中，我们依然青睐价值股而非成长股。”瑞银预计，2022年第一季度初价值股很有可能跑赢成长股，但这一势头不会持久。该行表示，强劲的通胀和劳动力市场应该会使盈亏平衡通胀率保持在高位（对价值股的帮助大于成长股）和实际利率上升（对成长股的伤害大于价值股） ，但持续转向价值股的理由更多是由撤离成长股所驱动，而不是由强势转向价值股所驱动。瑞银认为，到2022年第二季度成长股将实现反超。鉴于在利率和通胀上升方面的杠杆作用，摩根士丹利短期内也略微偏向价值股，而非成长股。该行同时指出：“我们认为，随着特殊风险成为关键，对价值股与成长股的迷恋将开始消退。”在大摩看来，总体而言，2022年更多的是关于个股，而不是行业或风格。看好价值股的还有美国银行和摩根大通。美银就此给出五点理由：1）估值离散度仍接近历史高位，历史上高离散度预示价值股表现出色的时期；2）若疫情得到遏制，价值股可能跑赢成长股；3）大多数指标显示价值股估值不贵；4）从因子和板块层面来看，投资者仍超配成长股、低配价值股；5）美联储加息周期有利于价值股。摩根大通称，周期性资产和价值股将会跑赢，风险更高、波动更大的资产将反弹，而防御性债券替代股和在疫情中受惠的市场细分领域将遭遇逆风。该行偏好对再通胀敏感的板块——能源和金融、消费服务、医疗保健以及小盘股。贝莱德倾向于像去年那样配置周期性价值股（如能源股和金融股）与长期结构性成长股（如科技股和医疗保健股）的组合。该公司表示，若缺少推动2021年关键市场平均向前发展的推进剂的话，专注于基本面研究以区分潜在的赢家和输家将会很重要。高盛的观点是，买入对疫情和通胀敏感的周期性股票，以及高成长、高利润的股票，同时，规避高劳动力成本的公司以及高成长、不赚钱的公司。高盛的理由是，短期内，强劲的经济增长和通胀率触顶应该会支持周期性股票跑赢；而完全依赖长期增长预期的快速成长的公司更易受到利率上升或营收令人失望的风险的影响。富国银行投资研究所对成长型股票和周期性股票的青睐胜过防御性板块。该机构称：“寻找在通胀高于平均水平时表现良好的资产。谨慎看待对收益率敏感的资产。”","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008273548,"gmtCreate":1641474231501,"gmtModify":1676533618673,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008273548","repostId":"1194920276","repostType":4,"isVote":1,"tweetType":1,"viewCount":2824,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008279757,"gmtCreate":1641474032587,"gmtModify":1676533618673,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008279757","repostId":"1118721713","repostType":4,"repost":{"id":"1118721713","kind":"news","weMediaInfo":{"introduction":"关注中国基金报，即时获取深度理财资讯","home_visible":1,"media_name":"中国基金报","id":"6","head_image":"https://static.tigerbbs.com/2b2c79a68beb44c7bc06ad7210091200"},"pubTimestamp":1641472071,"share":"https://ttm.financial/m/news/1118721713?lang=en_US&edition=fundamental","pubTime":"2022-01-06 20:27","market":"us","language":"zh","title":"10 billion to Tencent! The annual report of the largest public pension in the United States exposed","url":"https://stock-news.laohu8.com/highlight/detail?id=1118721713","media":"中国基金报","summary":"2022年1月6日，美国最大公共养老金CalPERS公布2020-2021财年报告。CalPERS全称为California Public Employee Retirement System-美国加","content":"<p><div>On January 6, 2022, CalPERS, the largest public pension in the United States, announced its 2020-2021 fiscal year report. CalPERS, the full name of California Public Employee Retirement System-California Public Employee Pension Fund, was established in 1932 to manage and provide retirement pensions for state government and other public sector employees, covering state, city, and county government employees and non-teacher employees of schools. As of the end of June 2021, pension funds were approximately US $485 billion in size at fair value, equivalent to...</p><p><a href=\"\">Web link</a></div></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>10 billion to Tencent! The annual report of the largest public pension in the United States exposed</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\">\n10 billion to Tencent! The annual report of the largest public pension in the United States exposed\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/6\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/2b2c79a68beb44c7bc06ad7210091200);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">中国基金报 </p>\n<p class=\"h-time smaller\">2022-01-06 20:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><div>On January 6, 2022, CalPERS, the largest public pension in the United States, announced its 2020-2021 fiscal year report. CalPERS, the full name of California Public Employee Retirement System-California Public Employee Pension Fund, was established in 1932 to manage and provide retirement pensions for state government and other public sector employees, covering state, city, and county government employees and non-teacher employees of schools. As of the end of June 2021, pension funds were approximately US $485 billion in size at fair value, equivalent to...</p><p><a href=\"\">Web link</a></div></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d6343807e194b6b186ba48b4d7c4ff25","relate_stocks":{"BK1517":"云办公","BK1586":"云计算","BK1591":"就地过年概念","BK1095":"互动媒体与服务","TCEHY":"腾讯控股ADR","BK1608":"元宇宙概念","BK1502":"双十一","BK1531":"手游股","BK4077":"互动媒体与服务","BK1589":"北水核心资产","00700":"腾讯控股","BK1521":"挪威政府全球养老基金持仓","BK1526":"科网股"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118721713","content_text":"2022年1月6日，美国最大公共养老金CalPERS公布2020-2021财年报告。CalPERS全称为California Public Employee Retirement System-美国加州公共雇员养老基金，于1932年建立，为州政府和其它公共部门雇员管理和提供退休养老金，覆盖州、市、县政府雇员以及学校的非教师雇员。截至2021年6月底，养老基金依照公允价值计规模约4850亿美元，折合三万亿元人民币。年报封面来源：年报目前，加州公共雇员养老基金的覆盖率为82%，较2019-2020财年底的70.6%显著上升。覆盖率是当前基金资产与今后一段时间内养老支出之间的比值，代表养老基金的偿付能力。数据显示，2020-2021财年CalPERS偿付能力有所增强。而偿付能力持续增强需要CalPERS维持一定的收益水平。目前，CalPERS的长期预期年回报为7%左右。只有达到这一收益水平，基金才能为覆盖的会员提供稳定的养老金收入。只不过，作为“美国公务员养老金”，CalPERS难免受政治因素干扰，为基金投资带来很多不确定性因素。公开市场股权投资占比近50%根据CalPERS年报整理截至2021年6月底，基金以公开市场股权和固定收益投资为主。此外，房地产和私募股权投资合计也在基金资产中占有相当比重。最后，基金组合中还有一部分的短期限投资品（包含现金管理工具等）。由于公开市场股权投资占比较高，基金与全球股市尤其是美国股市的相关性比较高。基金近期的表现来源：基金年报基金的表现怎么样，我们一起来看看。2020-2021财年基金费后收益21.3%，参照基准同期回报在21.7%-27.4%之间。基金三年平均年化净收益在10.7%，参照基准同期回报在10.8%-11.8%之间。基金五年平均年化净收益在10.3%，参照基准同期回报在10.5%-11.6%之间。基金10年平均年化净回报在8.5%，参照基准在8.5%-9.3%之间。分类别来看，公开市场股权2020-2021财年回报为36.3%,私募股权2020-2021财年回报为43.8%，固定收益2020-2021财年亏损为0.1%，房地产2020-2021财年回报为2.6%。其中，除了私募股权，其余资产类别都略超基准表现。持有腾讯市值超100亿元来源：基金年报截至2021年6月底，基金前十大重仓股为微软、苹果公司、亚马逊、强生、脸书A类股、谷歌母公司AlphabetA类股、台积电、谷歌母公司AlphabetC类股、腾讯控股。其中持有腾讯控股市值约16.25亿美元，折合103.58亿元人民币。作为大型机构投资者，CalPERS已于11月向美国证交会提交了三季度末的美股持仓数据，但由于腾讯这样在其它市场上市的股票不在披露范围。与鼎晖、赛富等合作进行私募股权投资CalPERS和其它大型机构投资者一样近年来致力于增加私募股权投资。在低收益、通胀正抬升的今天，私募股权被很多大型养老金、捐赠基金当成挽救收益的“救命稻草”。私募股权资产与公开市场波动相关性低，它可以分散风险，降低组合的波动率。知名私募股权基金似乎也是“大金主”的“特权”。这些基金一般投资者很难投进去，大金主拥有品牌溢价，较其它投资者更有优势。在CalPERS合作的机构名单中，基金君发现了凯雷、KKR、橡树资本、黑石等知名私募股权巨头的名字，与此同时也发现了鼎晖、赛富旗下基金的影子。Marcie Frost来源：FT据英国“金融时报”报道，CalPERS首席执行官Marcie Frost介绍，在CalPERS最新制定的四年计划中，董事会允许，基金的私募股权投资占比最高可达13%，过去这一比例是在5%。2020-2021财年私募股权和私募债合计占比为9%。与此同时，董事会允许基金适当调低公开市场投资，例如，将公开市场股权投资占比从50%降至42%。尽管致力于提升私募股权投资占比，但是为了压缩管理费支出，CalPERS也在培养内部团队，尽量降低对外部管理人的依赖。不仅如此，Marcie Frost还透露因为对冲基金收费太高，CalPERS暂不考虑投资对冲基金。十大理念引导投资对于大型的养老金而言，正确理念引导下的战略配置决定了基金的长期收益。来自“对外经贸大学”的一份研究报告显示，CalPERS投资委员会制定了多元化战略投资组合并提出了十大投资理念，其中投资范围包含了股票、债券、现金、不动产、商品等。这10大投资理念如下：1、资产结构的决定必须要考虑负债：要保证足够支付承诺的资金；由于其本身具有的大量现金以及通胀敏感性负债，资产中现金和对冲通货膨胀的资产应该是该基金投资策略的重要组成部分；合理平衡收入与回报；保证足够的流动性。2、长期投资：要为后几代成员和纳税人考虑；多考虑作出长期投资行为的影响；多考虑规范化程度高的市场；投资非流动性资产要在适当收益情况下多考虑非流动性风险等。3、基金的投资决策应该反映更广泛的利益相关者的意见。4、长期价值创造需要有效管理三种资本形式：财政、物质和人力。5、基金必须明确其投资目标和绩效指标，并确保其执行明确的问责。6、战略资产配置是投资组合风险和收益的主要决定因素。7、只有拥有很高的信心会获取收益时，才会增加风险。8、成本是重要的，需要得到有效的管理。9、风险投资是多方面的，不能完全通过如波动或跟踪误差的措施捕获风险。10、未来投资目标的实现需要强大的流程和团队合作和深部资源。","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.9}},"isVote":1,"tweetType":1,"viewCount":2366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185859706,"gmtCreate":1623642613405,"gmtModify":1704207650162,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185859706","repostId":"2142250206","repostType":4,"isVote":1,"tweetType":1,"viewCount":2598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9008273548,"gmtCreate":1641474231501,"gmtModify":1676533618673,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008273548","repostId":"1194920276","repostType":4,"isVote":1,"tweetType":1,"viewCount":2824,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086046257,"gmtCreate":1650408425067,"gmtModify":1676534714267,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086046257","repostId":"2228599280","repostType":4,"repost":{"id":"2228599280","kind":"highlight","pubTimestamp":1650380537,"share":"https://ttm.financial/m/news/2228599280?lang=en_US&edition=fundamental","pubTime":"2022-04-19 23:02","market":"us","language":"en","title":"Got $5,000? Buy and Hold These 3 Value Stocks for Years","url":"https://stock-news.laohu8.com/highlight/detail?id=2228599280","media":"Motley Fool","summary":"All down 20% or more year to date, these value stocks may be great long-term buys.","content":"<div>\n<p>While I don't consider myself a true value investor, the market's rough start to 2022 has brought forward many cheap-looking valuations that have caught my attention.Of course, cheap valuations alone ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/19/got-5000-buy-and-hold-these-3-value-stocks-for-yea/\">Source Link</a>\n\n</div>\n","source":"fool_stock","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>Got $5,000? Buy and Hold These 3 Value Stocks for Years</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\">\nGot $5,000? Buy and Hold These 3 Value Stocks for Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-19 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/04/19/got-5000-buy-and-hold-these-3-value-stocks-for-yea/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While I don't consider myself a true value investor, the market's rough start to 2022 has brought forward many cheap-looking valuations that have caught my attention.Of course, cheap valuations alone ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/19/got-5000-buy-and-hold-these-3-value-stocks-for-yea/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CROX":"卡骆驰","FDX":"联邦快递","ROIC":"Retail Opportunity Investments C","NVR":"NVR Inc","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://www.fool.com/investing/2022/04/19/got-5000-buy-and-hold-these-3-value-stocks-for-yea/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2228599280","content_text":"While I don't consider myself a true value investor, the market's rough start to 2022 has brought forward many cheap-looking valuations that have caught my attention.Of course, cheap valuations alone mean nothing unless the underlying operations are sound.Today, let's look at three companies that seem to unite these two worlds, offering forward price-to-earnings ratios below 10 with businesses that look poised to only grow stronger over time.FedExMuch like Pepsi has thrived for years in Coca-Cola's shadow, FedEx has quietly continued growing alongside United Parcel Service in the U.S. ground shipping industry. Since 1998, FedEx has grown from less than a 10% market share to over 30% as of 2021, trailing only UPS in revenue generated from ground shipping.What makes the relationship between FedEx and UPS even more interesting is that despite similar sales over the last year of $92 billion and $97 billion, respectively, FedEx's market capitalization is only one-third as big as its primary peer. Market caps act as a price tag for stocks and, in this case, help highlight a pretty significant discrepancy between two similarly sized operations.So, what causes this large of a difference?Free cash flow margins.FDX Free Cash Flow data by YChartsDespite having similar revenue totals, UPS generated three times as much free cash flow as FedEx, thanks to its more efficient capital spending.I'm focusing on FedEx instead of UPS because FedEx's focus on small and medium-sized e-commerce businesses makes it uniquely positioned to benefit from an increasingly entrepreneurial global economy. While UPS shares this focus, FedEx has truly doubled down on its e-commerce capacity over the last few years, trading off short term profitability in favor of long-term cash flows -- across both its ground and freight segments.With U.S. e-commerce expected to grow by 50% over the next four years, according to Statista, FedEx should see solid top-line growth and improving margins from this portion of its business as it matures.Second, FedEx plans to finally integrate its acquisition of Europe-based TNT fully by the end of April, streamlining operations among the combined companies' flight routes and airports. While this acquisition has dragged on for years, the synergies from this purchase may finally take hold, making it pivotal for investors to watch in the upcoming quarters.Having restarted its dividend growth early in 2021, FedEx now yields 1.5% while maintaining a tiny payout ratio of 16% -- leaving ample room for increases in the future.Thanks to this dividend growth potential, the prospect of improving margins over the coming years, and its forward price-to-earnings ratio of only 9.9, FedEx makes for an excellent value stock to consider for the long term.CrocsHaving dropped over 50% from its 52-week highs, beloved foam shoe creator Crocs has seen its price-to-earnings ratio drop to a rarely seen 6.4.Perhaps due to concerns around its $2.5 billion acquisition of fellow plastic shoe company Hey Dude, Crocs shares have been roughed up despite posting 65% and 150% sales and earnings growth, respectively, in 2021.However, Hey Dude projects to be immediately accretive to both the top line and earnings, making the market's sentiment toward the stock confounding. Furthermore, Hey Dude's line of shoes created from recycled plastic pairs nicely with the clog maker's plan of reaching a net-zero carbon impact by 2030.Adding even more validation to bullish Crocs investors, the company's growing return on invested capital (ROIC) over the last five years has been simply phenomenal.CROX Return on Invested Capital data by YChartsROIC essentially measures a company's profitability compared to the capital circulating in the business.Historically, higher ROICs offer stronger outperformance potential, making Crocs' mark of 98% incredibly promising. Furthermore, stocks with consistently increasing ROICs tend to outperform the broader stock market -- making me wonder if Crocs' brightest days may still be ahead.As long as Crocs has a single-digit price-to-earnings ratio, its growth potential and this operational efficiency make it far too tempting for value investors not to consider buying.NVRUsing its unique, asset-light operating model (as far as home builders go), NVR offers investors an additional layer of security in an otherwise secular housing industry.By not participating in land development activities and avoiding direct land ownership, NVR removes many risks that other home-building stocks face. Instead, it signs lot purchase agreements that generally require the company to deposit up to 10% of the total lot price -- freeing up massive amounts of capital to be used elsewhere.Due to this differentiation from its peers, NVR holds a best-in-class ROIC among its largest peers in the residential construction sector.NVR Return on Invested Capital (5y Median) data by YChartsThe most important thing to note from the chart above is NVR's performance after the housing bubble and financial crisis from 2008 to 2010. While its ROIC faced unavoidable pressure, it still managed a 10% mark as its S&P 500 peers plummeted into negative territory.Sporting metrics this strong over its history, it may not surprise you to find out that NVR has smashed the broader market during its publicly traded history -- rising nearly 500% in just the last decade alone.On top of all this, NVR is a share-repurchasing wizard.NVR Shares Outstanding data by YChartsHighlighting the power of these buybacks, NVR grew net income by 10% in 2021 but saw earnings per share rise by 16% due to a lower share count.Thanks to this outstanding ROIC, share buyback history, and forward price-to-earnings ratio of only nine, dollar-cost averaging into a position with NVR seems like a sound idea.","news_type":1,"symbols_score_info":{"CROX":0.9,"FDX":0.9,"NVR":0.9,"ROIC":1}},"isVote":1,"tweetType":1,"viewCount":2562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032908068,"gmtCreate":1647252027489,"gmtModify":1676534207898,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"[Surprised]&nbsp;[Surprised]&nbsp;[Surprised]&nbsp;//<a href=\"https://ttm.financial/U/3432276741707889\">@斗战胜佛巴菲特</a>: OK","listText":"[Surprised]&nbsp;[Surprised]&nbsp;[Surprised]&nbsp;//<a href=\"https://ttm.financial/U/3432276741707889\">@斗战胜佛巴菲特</a>: OK","text":"[Surprised] [Surprised] [Surprised] //@斗战胜佛巴菲特: OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032908068","repostId":"635554509","repostType":1,"repost":{"id":635554509,"gmtCreate":1647135600000,"gmtModify":1676532834655,"author":{"id":"4107925732032840","authorId":"4107925732032840","name":"中国基金报","avatar":"https://static.tigerbbs.com/498a5e5426489a3835f596f93ba03b51","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4107925732032840","idStr":"4107925732032840"},"themes":[],"title":"“股神”巴菲特出手！又買了100個億","htmlText":"中國基金報記者&nbsp;格林 繼3月2日、3月3日、3月4日連續加倉西方石油公司之後，股神“巴菲特”又出手了！3月9日、3月10日、3月11日再出手加倉西方石油公司，斥資約15.34億美元（近100億人民幣）。 資料顯示，西方石油公司於1920年建立，總部位於美國加利福尼亞州洛杉磯，主要開採石油和天然氣。西方石油公司的業務範圍包括美國、中東、北非和南美，是美國第四大石油和天然氣公司。 3月2日至3月4日的交易，股神“巴菲特”斥資31.22億美元加倉西方石油公司。3月2日至3月11日，股神巴菲特已經合計斥資46.56億美元加倉西方石油公司，摺合人民幣295.18億元。 此外，股神巴菲特截至目前還通過權證持有8386萬股，西方石油公司股票，行權價格在59.624美元每股。若西方石油公司股價繼續上漲，股神巴菲特對這家的公司的持股數量有可能還會繼續上漲。 西方石油公司最新股價57.95美元，年初以來股價已經上漲86.57%。 根據2月14日巴菲特旗下伯克希爾哈撒韋向美國證交會提交的信息披露報告，截至2021年底，巴菲特持倉中含兩家能源公司，西方石油公司之外，還有另一家雪佛龍。對於後一家公司，巴菲特在2021年4季度已經對它進行了加倉。考慮到，巴菲特賬上坐擁鉅額現金，巴菲特也有足夠的實力來進一步增持他看好的公司。 不過，“股神”能源投資也並非回回成功。 事實上，就是西方石油公司本身股神也有看走眼的時候。2020年5月3日，在一年一度的股東大會上，巴菲特被問到對西方石油的投資是回答道：“如果你是西方石油股東或任何一家石油生產公司的股東，在油價走向方面你和我都犯了一個錯誤。” 巴菲特解釋道“在當時的油價上(這項投資)具有吸引力，但顯然在每桶20美元時不是，在每桶負37美元時更加不是。” 數據顯示，2020年2季度巴菲特清空了持倉中的西方石油公司股票。 這次股神巴菲特是把西方石油撈回來。","listText":"中國基金報記者&nbsp;格林 繼3月2日、3月3日、3月4日連續加倉西方石油公司之後，股神“巴菲特”又出手了！3月9日、3月10日、3月11日再出手加倉西方石油公司，斥資約15.34億美元（近100億人民幣）。 資料顯示，西方石油公司於1920年建立，總部位於美國加利福尼亞州洛杉磯，主要開採石油和天然氣。西方石油公司的業務範圍包括美國、中東、北非和南美，是美國第四大石油和天然氣公司。 3月2日至3月4日的交易，股神“巴菲特”斥資31.22億美元加倉西方石油公司。3月2日至3月11日，股神巴菲特已經合計斥資46.56億美元加倉西方石油公司，摺合人民幣295.18億元。 此外，股神巴菲特截至目前還通過權證持有8386萬股，西方石油公司股票，行權價格在59.624美元每股。若西方石油公司股價繼續上漲，股神巴菲特對這家的公司的持股數量有可能還會繼續上漲。 西方石油公司最新股價57.95美元，年初以來股價已經上漲86.57%。 根據2月14日巴菲特旗下伯克希爾哈撒韋向美國證交會提交的信息披露報告，截至2021年底，巴菲特持倉中含兩家能源公司，西方石油公司之外，還有另一家雪佛龍。對於後一家公司，巴菲特在2021年4季度已經對它進行了加倉。考慮到，巴菲特賬上坐擁鉅額現金，巴菲特也有足夠的實力來進一步增持他看好的公司。 不過，“股神”能源投資也並非回回成功。 事實上，就是西方石油公司本身股神也有看走眼的時候。2020年5月3日，在一年一度的股東大會上，巴菲特被問到對西方石油的投資是回答道：“如果你是西方石油股東或任何一家石油生產公司的股東，在油價走向方面你和我都犯了一個錯誤。” 巴菲特解釋道“在當時的油價上(這項投資)具有吸引力，但顯然在每桶20美元時不是，在每桶負37美元時更加不是。” 數據顯示，2020年2季度巴菲特清空了持倉中的西方石油公司股票。 這次股神巴菲特是把西方石油撈回來。","text":"中國基金報記者 格林 繼3月2日、3月3日、3月4日連續加倉西方石油公司之後，股神“巴菲特”又出手了！3月9日、3月10日、3月11日再出手加倉西方石油公司，斥資約15.34億美元（近100億人民幣）。 資料顯示，西方石油公司於1920年建立，總部位於美國加利福尼亞州洛杉磯，主要開採石油和天然氣。西方石油公司的業務範圍包括美國、中東、北非和南美，是美國第四大石油和天然氣公司。 3月2日至3月4日的交易，股神“巴菲特”斥資31.22億美元加倉西方石油公司。3月2日至3月11日，股神巴菲特已經合計斥資46.56億美元加倉西方石油公司，摺合人民幣295.18億元。 此外，股神巴菲特截至目前還通過權證持有8386萬股，西方石油公司股票，行權價格在59.624美元每股。若西方石油公司股價繼續上漲，股神巴菲特對這家的公司的持股數量有可能還會繼續上漲。 西方石油公司最新股價57.95美元，年初以來股價已經上漲86.57%。 根據2月14日巴菲特旗下伯克希爾哈撒韋向美國證交會提交的信息披露報告，截至2021年底，巴菲特持倉中含兩家能源公司，西方石油公司之外，還有另一家雪佛龍。對於後一家公司，巴菲特在2021年4季度已經對它進行了加倉。考慮到，巴菲特賬上坐擁鉅額現金，巴菲特也有足夠的實力來進一步增持他看好的公司。 不過，“股神”能源投資也並非回回成功。 事實上，就是西方石油公司本身股神也有看走眼的時候。2020年5月3日，在一年一度的股東大會上，巴菲特被問到對西方石油的投資是回答道：“如果你是西方石油股東或任何一家石油生產公司的股東，在油價走向方面你和我都犯了一個錯誤。” 巴菲特解釋道“在當時的油價上(這項投資)具有吸引力，但顯然在每桶20美元時不是，在每桶負37美元時更加不是。” 數據顯示，2020年2季度巴菲特清空了持倉中的西方石油公司股票。 這次股神巴菲特是把西方石油撈回來。","images":[{"img":"https://static.tigerbbs.com/9da4aa2b59ed40ef8f584f8c1e247079","width":"-1","height":"-1"},{"img":"https://static.tigerbbs.com/2925e7ef6a0645baadc946f4432f99b2","width":"-1","height":"-1"},{"img":"https://static.tigerbbs.com/13d73f4e5f854e49b3381e196ca8519c","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/635554509","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096349838,"gmtCreate":1644315897926,"gmtModify":1676533911550,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"😲","listText":"😲","text":"😲","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096349838","repostId":"2209451307","repostType":4,"repost":{"id":"2209451307","kind":"highlight","pubTimestamp":1644311979,"share":"https://ttm.financial/m/news/2209451307?lang=en_US&edition=fundamental","pubTime":"2022-02-08 17:19","market":"us","language":"zh","title":"Bank of America's \"amazing\" forecast: Fed rate hike seven times this year","url":"https://stock-news.laohu8.com/highlight/detail?id=2209451307","media":"华尔街见闻","summary":"薪资上涨对工人来说是个好消息，但于美联储而言却是坏消息。如果工资增长过快，预计将推动美联储以更快的速度加息。上周五，美国劳工部公布的数据显示，1月份平均时薪环比增长0.7%，过去12个月的增幅为5.7","content":"<p><html><head></head><body>Rising wages are good news for workers, but bad news for the Federal Reserve. If wages grow too fast, it is expected to push the Fed to rate hike at a faster pace.</p><p>Last Friday, the U.S. Department of Labor released data showing that the average hourly wage in January increased by 0.7% month-on-month.<b>The increase in the past 12 months was 5.7%, the fastest pace since March 2007</b>(except for the early two months of the pandemic).</p><p>There is a growing perception that the Federal Reserve is lagging behind inflation in terms of policy, which is now growing at its fastest pace in nearly 40 years.</p><p>On Monday,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Ethan Harris, head of global economic research, said in a conference call with CNBC:</p><p>If I were the Fed chairman, I would be even more concerned that the factors driving wages higher are more than just exceptions and raise interest rates earlier in the fall.<b>When there are widespread price increases that begin to affect wages, the risk of an inflation spiral increases, and policy measures lag behind the inflation curve, the Fed needs to start acting.</b>Harris made the most aggressive call to the Federal Reserve this year. The latest Bank of America report pointed out that,<b>There will be seven rate hike in 2022, each with a rate hike of 25 basis points, and four rate hike next year.</b></p><p><img src=\"https://static.tigerbbs.com/4d71f78fb385b6a8eb76748da269eed9\" tg-width=\"784\" tg-height=\"179\" referrerpolicy=\"no-referrer\"/></p><p>In this regard, Harris pointed out that although the current market view believes that the possibility of this situation is only 18%, he still supports this view.<b>The main reasons are:</b>The U.S. economic recovery has not only reached the Fed's goal, but even exceeded the stop signs.</p><p>Wages are soaring across almost all income brackets</p><p>During the conference call, Harris mentioned the new approach to monetary policy approved by the Federal Reserve in September 2020. The Fed said that under its flexible average inflation target, in order to achieve full employment, it allows inflation to be higher than its 2% target.</p><p>But as the inflation rate grows to around 7% and the labor market becomes increasingly tight, the Federal Reserve is now accelerating its \"catch-up\" and changing monetary policy to cope with the severe inflation situation.</p><p><b>Harris noted that wages are skyrocketing across almost every income bracket.</b></p><p><img src=\"https://static.tigerbbs.com/22b81b83224ba1b963bcd13331680628\" tg-width=\"594\" tg-height=\"350\" referrerpolicy=\"no-referrer\"/></p><p><b>The leisure and hospitality industries, which were most affected by the epidemic, saw the largest wage increases,</b>It has risen by 13% in the past year. Wages in the financial sector rose by 4.8%, while wages in the retail sector rose by 7.1%.</p><p>Previous news articles mentioned that salary increases are \"blossoming in an all-round way.\" In addition to raising wages for middle and low-class workers, Wall Street financial institutions are also \"chasing after each other\" to increase employee salaries. Biden also issued an executive order to increase the minimum wage for federal employees last month. to $15.</p><p>Soaring wages are part of the'great resignation wave '</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Consider the trend of soaring wages as part of the \"Great Resignation Wave\", which refers to the sharp increase in the number of resignations in the United States since 2021, and the turnover rate is at the highest level in nearly 20 years. According to data from the U.S. Department of Labor, the number of U.S. labor changes or departures in 2021 was 47.4 million.</p><p><img src=\"https://static.tigerbbs.com/5f2ef87143df605f0b95c38ef19600a0\" tg-width=\"387\" tg-height=\"249\" referrerpolicy=\"no-referrer\"/></p><p>Goldman Sachs economists Joseph Briggs and David Mericle point out in a note that the \"Great Resignation Wave\" includes two distinct but interrelated trends:<b>Millions of workers have left the workforce, and millions more have quit for better, higher-paying employment opportunities. These trends have pushed wage increases to an increasingly worrying level of a spiraling wage inflation.</b></p><p>Goldman Sachs data shows that wage growth in the United States will slow down this year, but only slightly, and is expected to reach about 5% this year.<b>It is worth mentioning that Goldman Sachs predicts that there will be four rate hike in 2022.</b></p><p>Goldman Sachs economists pointed out that labor costs are growing faster than the 2% inflation target, which may keep inflation higher and the Federal Reserve will take a more aggressive response.</p><p>Rate hike 50 basis points'reasonable 'but inconsistent with Powell's'humble' attitude</p><p>The market has been slowly overweighting the Fed's rate hike, with five rate hike expected this year, but more rate hike is still possible, and at a faster pace. Although traders generally expect the Fed to issue a 25 basis point rate hike in March, it does not rule out the Fed choosing a one-time sharp 50 basis point rate hike in March<b>, the likelihood of a rate hike of 50 basis points has risen to nearly 30%.</b></p><p><b>Harris said:</b></p><p>Rate hike of 50 basis points would be \"a reasonable thing\", but it is inconsistent with the \"humble\" attitude supported by Federal Reserve Chairman Jerome Powell at the press conference after the January FOMC meeting. Mohamed El-Erian, chief economic adviser at Allianz Group, told CNBC's Squawk Box on Monday that the Federal Reserve policy has lagged behind and hopes they can regain their inflation rhetoric and control wage growth. Earlier, El-Erian warned in an op-ed that the more delay, the greater the risk of policy tightening. Instead of ensuring a soft landing, the Federal Reserve and the European Central Bank may be forced to adopt excessive \"catch-up\" tightening policies.</p><p>In addition, Harris pointed out,<b>Actually, he doesn't think rate hike will destroy the economy, as long as the Fed sends accurate messages that rate hike aims to control inflation, not curb economic growth.</b></p><p>Harris added that this rate hike cycle may be similar to the Fed's move in mid-2005, when the Fed conducted 17 consecutive rate hike in order to cool the runaway housing market. Referring to the expected 11 rate hike by 2023, Harris said:</p><p>This isn't an aggressive forecast, it's just a path of less resistance for a central bank starting from scratch.</body></html></p>","source":"wallstreetcn_api","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>Bank of America's \"amazing\" forecast: Fed rate hike seven times this year</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\">\nBank of America's \"amazing\" forecast: Fed rate hike seven times this year\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2022-02-08 17:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Rising wages are good news for workers, but bad news for the Federal Reserve. If wages grow too fast, it is expected to push the Fed to rate hike at a faster pace.</p><p>Last Friday, the U.S. Department of Labor released data showing that the average hourly wage in January increased by 0.7% month-on-month.<b>The increase in the past 12 months was 5.7%, the fastest pace since March 2007</b>(except for the early two months of the pandemic).</p><p>There is a growing perception that the Federal Reserve is lagging behind inflation in terms of policy, which is now growing at its fastest pace in nearly 40 years.</p><p>On Monday,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Ethan Harris, head of global economic research, said in a conference call with CNBC:</p><p>If I were the Fed chairman, I would be even more concerned that the factors driving wages higher are more than just exceptions and raise interest rates earlier in the fall.<b>When there are widespread price increases that begin to affect wages, the risk of an inflation spiral increases, and policy measures lag behind the inflation curve, the Fed needs to start acting.</b>Harris made the most aggressive call to the Federal Reserve this year. The latest Bank of America report pointed out that,<b>There will be seven rate hike in 2022, each with a rate hike of 25 basis points, and four rate hike next year.</b></p><p><img src=\"https://static.tigerbbs.com/4d71f78fb385b6a8eb76748da269eed9\" tg-width=\"784\" tg-height=\"179\" referrerpolicy=\"no-referrer\"/></p><p>In this regard, Harris pointed out that although the current market view believes that the possibility of this situation is only 18%, he still supports this view.<b>The main reasons are:</b>The U.S. economic recovery has not only reached the Fed's goal, but even exceeded the stop signs.</p><p>Wages are soaring across almost all income brackets</p><p>During the conference call, Harris mentioned the new approach to monetary policy approved by the Federal Reserve in September 2020. The Fed said that under its flexible average inflation target, in order to achieve full employment, it allows inflation to be higher than its 2% target.</p><p>But as the inflation rate grows to around 7% and the labor market becomes increasingly tight, the Federal Reserve is now accelerating its \"catch-up\" and changing monetary policy to cope with the severe inflation situation.</p><p><b>Harris noted that wages are skyrocketing across almost every income bracket.</b></p><p><img src=\"https://static.tigerbbs.com/22b81b83224ba1b963bcd13331680628\" tg-width=\"594\" tg-height=\"350\" referrerpolicy=\"no-referrer\"/></p><p><b>The leisure and hospitality industries, which were most affected by the epidemic, saw the largest wage increases,</b>It has risen by 13% in the past year. Wages in the financial sector rose by 4.8%, while wages in the retail sector rose by 7.1%.</p><p>Previous news articles mentioned that salary increases are \"blossoming in an all-round way.\" In addition to raising wages for middle and low-class workers, Wall Street financial institutions are also \"chasing after each other\" to increase employee salaries. Biden also issued an executive order to increase the minimum wage for federal employees last month. to $15.</p><p>Soaring wages are part of the'great resignation wave '</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Consider the trend of soaring wages as part of the \"Great Resignation Wave\", which refers to the sharp increase in the number of resignations in the United States since 2021, and the turnover rate is at the highest level in nearly 20 years. According to data from the U.S. Department of Labor, the number of U.S. labor changes or departures in 2021 was 47.4 million.</p><p><img src=\"https://static.tigerbbs.com/5f2ef87143df605f0b95c38ef19600a0\" tg-width=\"387\" tg-height=\"249\" referrerpolicy=\"no-referrer\"/></p><p>Goldman Sachs economists Joseph Briggs and David Mericle point out in a note that the \"Great Resignation Wave\" includes two distinct but interrelated trends:<b>Millions of workers have left the workforce, and millions more have quit for better, higher-paying employment opportunities. These trends have pushed wage increases to an increasingly worrying level of a spiraling wage inflation.</b></p><p>Goldman Sachs data shows that wage growth in the United States will slow down this year, but only slightly, and is expected to reach about 5% this year.<b>It is worth mentioning that Goldman Sachs predicts that there will be four rate hike in 2022.</b></p><p>Goldman Sachs economists pointed out that labor costs are growing faster than the 2% inflation target, which may keep inflation higher and the Federal Reserve will take a more aggressive response.</p><p>Rate hike 50 basis points'reasonable 'but inconsistent with Powell's'humble' attitude</p><p>The market has been slowly overweighting the Fed's rate hike, with five rate hike expected this year, but more rate hike is still possible, and at a faster pace. Although traders generally expect the Fed to issue a 25 basis point rate hike in March, it does not rule out the Fed choosing a one-time sharp 50 basis point rate hike in March<b>, the likelihood of a rate hike of 50 basis points has risen to nearly 30%.</b></p><p><b>Harris said:</b></p><p>Rate hike of 50 basis points would be \"a reasonable thing\", but it is inconsistent with the \"humble\" attitude supported by Federal Reserve Chairman Jerome Powell at the press conference after the January FOMC meeting. Mohamed El-Erian, chief economic adviser at Allianz Group, told CNBC's Squawk Box on Monday that the Federal Reserve policy has lagged behind and hopes they can regain their inflation rhetoric and control wage growth. Earlier, El-Erian warned in an op-ed that the more delay, the greater the risk of policy tightening. Instead of ensuring a soft landing, the Federal Reserve and the European Central Bank may be forced to adopt excessive \"catch-up\" tightening policies.</p><p>In addition, Harris pointed out,<b>Actually, he doesn't think rate hike will destroy the economy, as long as the Fed sends accurate messages that rate hike aims to control inflation, not curb economic growth.</b></p><p>Harris added that this rate hike cycle may be similar to the Fed's move in mid-2005, when the Fed conducted 17 consecutive rate hike in order to cool the runaway housing market. Referring to the expected 11 rate hike by 2023, Harris said:</p><p>This isn't an aggressive forecast, it's just a path of less resistance for a central bank starting from scratch.</body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3651382\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/02a85629f2a809e4eabd8677140a5f70","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯","BK4550":"红杉资本持仓","BK4534":"瑞士信贷持仓",".IXIC":"NASDAQ Composite","BK4504":"桥水持仓","BK4559":"巴菲特持仓"},"source_url":"https://wallstreetcn.com/articles/3651382","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2209451307","content_text":"薪资上涨对工人来说是个好消息，但于美联储而言却是坏消息。如果工资增长过快，预计将推动美联储以更快的速度加息。上周五，美国劳工部公布的数据显示，1月份平均时薪环比增长0.7%，过去12个月的增幅为5.7%，这是自2007年3月以来增速最快的一次（疫情初期的两个月除外）。人们越来越多地认为，美联储在政策方面落后于通胀增速，目前美国通胀率正以近40年来最快的速度增长。周一，美国银行全球经济研究部主管Ethan Harris在与CNBC的电话会议中表示：如果我是美联储主席，我会更加担心推动工资上涨的因素不仅仅是例外情况，并在秋天早些时候提高利率。当存在广泛的物价上涨，并开始影响到工资，通胀螺旋风险加大，政策措施就落后于通胀曲线，美联储需要开始行动。Harris对美联储发出了今年以来最激进的呼吁，美银最新报告指出，2022年将有七次加息，每次加息25个基点，明年还会有四次加息。对此，Harris指出，尽管目前市场观点认为这种情况的可能性只有18%，但他依然支持这个观点，主要原因在于：美国经济复苏不仅达到了美联储的目标，甚至还超过了停止线(the stop signs)。几乎所有收入阶层的工资都在飙升Harris在电话会议中提及美联储2020年9月批准的货币政策新方法。美联储表示，在灵活的平均通胀目标下，为了实现充分就业，允许通胀率高于2%的目标。但随着通胀率增长到7%左右，劳动力市场越来越紧张，美联储现在加速“追赶”，改变货币政策进而应对严峻的通胀形势。Harris指出，几乎所有收入阶层的工资都在飙升。受疫情影响最严重的休闲和酒店行业工资增幅最大，在过去一年的上涨了13%。金融行业的工资上涨了4.8%，而零售行业的工资更是上涨了7.1%。此前见闻文章提及，加薪“全面开花”，除了中低阶层工人提高了工资，华尔街金融机构也“你追我赶”地增加员工薪资，拜登上个月还发布了上调联邦雇员的最低工资至15美元的行政命令。工资飙升是“大辞职潮”的一部分高盛将工资飙升这一趋势视为“大辞职潮”的一部分，“大辞职潮”是指2021年以来，美国离职人数陡增，离职率处于近20年来最高水平。根据美国劳工部数据，2021年全年美国劳动力更换或离职次数为4740万人次。高盛经济学家Joseph Briggs和David Mericle在一份报告中指出，“大辞职潮”包括两个截然不同但相互关联的趋势：数百万工人离开了劳动力大军，还有数百万人为了更好、更高收入的就业机会而辞职。这些趋势已将工资涨幅推至一个越来越令人担忧的水平，即工资通胀螺旋上升。高盛数据显示，今年美国工资增长将会放缓，但只是小幅放缓，到今年预计会达到5%左右。值得一提的是，高盛预计，2022年将有四次加息。高盛经济学家指出，劳动力成本的增长速度快于2%的通胀目标，这可能会使通胀继续走高，美联储将采取更激进的应对措施。加息50个基点“合理”，但与鲍威尔“谦逊”态度不一致市场一直在缓慢地加码美联储加息，预计今年将有五次加息，但仍有可能加息更多次，而且速度更快。尽管交易员普遍预计美联储将在3月份加息25个基点，但也不排除美联储3月选择一次性大幅加息50个基点，目前加息50个基点的可能性已升至近30%。Harris表示：加息50个基点将是\"一件合理的事情\"，但这与美联储主席鲍威尔在1月FOMC会议后的新闻发布会上所支持的\"谦逊\"（humble）态度不一致。安联集团首席经济顾问Mohamed El-Erian周一在CNBC的Squawk Box节目中表示，美联储政策已经落后，希望他们能重拾通胀论调，控制工资增长。此前，El-Erian在专栏文章中发出警告，越拖延，政策收紧的风险就越大。美联储和欧央行非但不能确保经济软着陆，反而可能被迫采取过度的“追赶性”紧缩政策。此外，Harris指出，实际上，他不认为加息会破坏经济，只要美联储传达出准确的信息，即加息旨在控制通胀，而不是遏制经济增长。Harris补充称，本轮加息周期可能类似于美联储在2005年中期的举措，当时美联储连续17次加息，目的是为失控的房地产市场降温。谈到预计到2023年将加息11次时，Harris表示：这并不是一个激进的预测，对于一个从零开始的央行来说，这只是一条阻力较小的道路。","news_type":1,"symbols_score_info":{".IXIC":1,"SPY":1,".DJI":1}},"isVote":1,"tweetType":1,"viewCount":2250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006722206,"gmtCreate":1641856153566,"gmtModify":1676533653951,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006722206","repostId":"1138761582","repostType":2,"repost":{"id":"1138761582","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":1641823989,"share":"https://ttm.financial/m/news/1138761582?lang=en_US&edition=fundamental","pubTime":"2022-01-10 22:13","market":"us","language":"zh","title":"Rate hike is expected to impact technology stocks and switch to value stocks in 2022? What does Wall Street think?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138761582","media":"Wind万得","summary":"美联储越发鹰派的立场促使投资者抛弃快速成长的科技公司的股票，转而投向银行股、能源股等对经济敏感的股票。一些华尔街顶级公司认为，价值型股票有望在2022年继续大放异彩，不过，近来表现逊色的成长股并没有被","content":"<p><html><head></head><body>The Fed's increasingly hawkish stance has prompted investors to abandon the stocks of fast-growing technology companies in favor of economically sensitive stocks such as banking stocks and energy stocks. Some of Wall Street's top companies believe value stocks are poised to continue to shine in 2022, but growth stocks that have underperformed recently have not been completely dismissed.</p><p>In the face of rising inflation, the Federal Reserve has accelerated the pace of tapering asset purchases and released signals that it may advance rate hike and even shrinking balance sheet. According to CME's FedWatch tool, traders are currently betting on a nearly 70% chance of the Fed's March rate hike. If the U.S. CPI inflation rate data released this week rises again, rate hike is expected to heat up further. Predictably, highly speculative tech stocks will bear the brunt. The high stock prices of fast-growing and loss-making technology companies are based on their potential future returns and are considered extremely vulnerable to rising interest rates, thus weakening potential future returns.</p><p>As Hani Redha, portfolio manager of PineBridge Investments, said, \"Speculative technology stocks are being destroyed.\" The technology-dominated Nasdaq Composite Index fell 4.5% in the first week of 2022, its worst start to the year in six years. Goldman Sachs' index shows that shares of loss-making technology companies have fallen about 10% this year. The bank estimates that companies that can generate strong growth regardless of the ups and downs of the U.S. economy have fallen by more than 8%.</p><p>The plunge in technology stocks came as U.S. Treasury Bond yields posted their biggest gain in 28 months, with the benchmark 10-year U.S. Treasury yield jumping to 1.8% from 1.5% at the end of 2021, hitting a nearly two-year high.</p><p><img src=\"https://static.tigerbbs.com/810b0a3facde719110044db960d567df\" tg-width=\"687\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p>Jurrien Timmer, head of global macro strategy at Fidelity Investments, said: \"It went to the moon (before speculative tech stocks), and now the liquidity tide is reversing.\"</p><p>As yields rise, the fate of previously underappreciated value stocks is also being rewritten, with share prices of banks, oil majors, large industrial groups, and especially those closely related to the reopening of the U.S. economy all rising.</p><p>Judging from the performance of each sector of the S&P 500 Index in 2021, among the four sectors that outperformed the broader market, three (energy, real estate, and finance) belong to value sectors, indicating that such stocks are quite popular among investors.</p><p><img src=\"https://static.tigerbbs.com/1e02eb5ca007e065bcbac5c4cab84d32\" tg-width=\"796\" tg-height=\"591\" referrerpolicy=\"no-referrer\"/></p><p>In the first week of 2022, while the S&P 500 index fell 1.87%, value stocks managed to rise. The Russell 1000 Value Index rose 0.75% that week, outperforming the Russell 1000 Growth Index by more than 5 percentage points, the highest level in a comparable period since records began in 1991, reflecting the shift in the market.</p><p><img src=\"https://static.tigerbbs.com/e2aa2ceb3e48d4c914b239ec09831a79\" tg-width=\"686\" tg-height=\"473\" referrerpolicy=\"no-referrer\"/></p><p><b>Stick to cyclical bets, said Solita Marcelli, head of investments for the Americas, investment director at UBS Wealth Management.</b>She wrote: \"Growth companies have been the main beneficiaries of ultra-low real and nominal interest rates. It is logical that these stocks will face the strongest headwinds as the Fed begins to normalize policy.<b>In U.S. stocks, we still favor value over growth stocks</b>。”</p><p><b>UBS expects value stocks to have a good chance of outperforming growth stocks at the beginning of the first quarter of 2022, but this momentum will not last.</b>Strong inflation and the labor market should keep breakeven inflation high (helping value stocks more than growth stocks) and real interest rates rising (hurting growth stocks more than value stocks), but the continued shift to value stocks The case for stocks is more driven by an exit from growth stocks than by a strong shift to value stocks. UBS believes that growth stocks will overtake by the second quarter of 2022.</p><p>Given the leverage on rising interest rates and inflation,<b>Morgan Stanley is also slightly biased towards value stocks in the short term</b>, rather than growth stocks. At the same time, the bank noted: \"We believe that the fascination with value vs. growth stocks will begin to fade as special risks become key.\" In Morgan Stanley's view, overall, 2022 is more about individual stocks than sectors or styles.</p><p><b>Also bullish on value stocks are Bank of America and JPMorgan Chase.</b>Bank of America gave five reasons for this: 1) Valuation dispersion is still close to historical highs, and high dispersion in history indicates a period when value stocks perform well; 2) If the epidemic is contained, value stocks may outperform growth stocks; 3) Most indicators show that value stocks are not expensive; 4) From the perspective of factors and sectors, investors still overweight growth stocks and underweight value stocks; 5) The Fed rate hike cycle favors value stocks.</p><p>Cyclical assets and value stocks will outperform, riskier and more volatile assets will rebound, while defensive bond alternatives and market segments that have benefited from the pandemic will encounter headwinds, JPMorgan said. The bank prefers reflation-sensitive sectors-energy and financials, consumer services, healthcare, and small-cap stocks.</p><p><b>BlackRock tends to allocate a mix of cyclical value stocks, such as energy and financials, with long-term structural growth stocks, such as technology and healthcare, as it did last year</b>。 Without the propellant to drive key markets forward on average in 2021, it will be important to focus on fundamental research to distinguish potential winners from losers, the company said.</p><p><b>Goldman Sachs' view is to buy cyclical stocks that are sensitive to the epidemic and inflation, as well as high-growth, high-profit stocks, while avoiding companies with high labor costs and high-growth, unprofitable companies</b>。 Goldman's reasoning is that in the short term, strong economic growth and peaking inflation should support cyclical stocks to outperform; Fast-growing companies that rely entirely on long-term growth expectations are more vulnerable to the risk of rising interest rates or disappointing revenues.</p><p><b>Wells Fargo Investment Institute favors growth and cyclical stocks over defensive sectors</b>。 \"Look for assets that perform well when inflation is above average. Be cautious about yield-sensitive assets,\" the agency said.</p><p></body></html></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>Rate hike is expected to impact technology stocks and switch to value stocks in 2022? What does Wall Street think?</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\">\nRate hike is expected to impact technology stocks and switch to value stocks in 2022? What does Wall Street think?\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\">2022-01-10 22:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The Fed's increasingly hawkish stance has prompted investors to abandon the stocks of fast-growing technology companies in favor of economically sensitive stocks such as banking stocks and energy stocks. Some of Wall Street's top companies believe value stocks are poised to continue to shine in 2022, but growth stocks that have underperformed recently have not been completely dismissed.</p><p>In the face of rising inflation, the Federal Reserve has accelerated the pace of tapering asset purchases and released signals that it may advance rate hike and even shrinking balance sheet. According to CME's FedWatch tool, traders are currently betting on a nearly 70% chance of the Fed's March rate hike. If the U.S. CPI inflation rate data released this week rises again, rate hike is expected to heat up further. Predictably, highly speculative tech stocks will bear the brunt. The high stock prices of fast-growing and loss-making technology companies are based on their potential future returns and are considered extremely vulnerable to rising interest rates, thus weakening potential future returns.</p><p>As Hani Redha, portfolio manager of PineBridge Investments, said, \"Speculative technology stocks are being destroyed.\" The technology-dominated Nasdaq Composite Index fell 4.5% in the first week of 2022, its worst start to the year in six years. Goldman Sachs' index shows that shares of loss-making technology companies have fallen about 10% this year. The bank estimates that companies that can generate strong growth regardless of the ups and downs of the U.S. economy have fallen by more than 8%.</p><p>The plunge in technology stocks came as U.S. Treasury Bond yields posted their biggest gain in 28 months, with the benchmark 10-year U.S. Treasury yield jumping to 1.8% from 1.5% at the end of 2021, hitting a nearly two-year high.</p><p><img src=\"https://static.tigerbbs.com/810b0a3facde719110044db960d567df\" tg-width=\"687\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p>Jurrien Timmer, head of global macro strategy at Fidelity Investments, said: \"It went to the moon (before speculative tech stocks), and now the liquidity tide is reversing.\"</p><p>As yields rise, the fate of previously underappreciated value stocks is also being rewritten, with share prices of banks, oil majors, large industrial groups, and especially those closely related to the reopening of the U.S. economy all rising.</p><p>Judging from the performance of each sector of the S&P 500 Index in 2021, among the four sectors that outperformed the broader market, three (energy, real estate, and finance) belong to value sectors, indicating that such stocks are quite popular among investors.</p><p><img src=\"https://static.tigerbbs.com/1e02eb5ca007e065bcbac5c4cab84d32\" tg-width=\"796\" tg-height=\"591\" referrerpolicy=\"no-referrer\"/></p><p>In the first week of 2022, while the S&P 500 index fell 1.87%, value stocks managed to rise. The Russell 1000 Value Index rose 0.75% that week, outperforming the Russell 1000 Growth Index by more than 5 percentage points, the highest level in a comparable period since records began in 1991, reflecting the shift in the market.</p><p><img src=\"https://static.tigerbbs.com/e2aa2ceb3e48d4c914b239ec09831a79\" tg-width=\"686\" tg-height=\"473\" referrerpolicy=\"no-referrer\"/></p><p><b>Stick to cyclical bets, said Solita Marcelli, head of investments for the Americas, investment director at UBS Wealth Management.</b>She wrote: \"Growth companies have been the main beneficiaries of ultra-low real and nominal interest rates. It is logical that these stocks will face the strongest headwinds as the Fed begins to normalize policy.<b>In U.S. stocks, we still favor value over growth stocks</b>。”</p><p><b>UBS expects value stocks to have a good chance of outperforming growth stocks at the beginning of the first quarter of 2022, but this momentum will not last.</b>Strong inflation and the labor market should keep breakeven inflation high (helping value stocks more than growth stocks) and real interest rates rising (hurting growth stocks more than value stocks), but the continued shift to value stocks The case for stocks is more driven by an exit from growth stocks than by a strong shift to value stocks. UBS believes that growth stocks will overtake by the second quarter of 2022.</p><p>Given the leverage on rising interest rates and inflation,<b>Morgan Stanley is also slightly biased towards value stocks in the short term</b>, rather than growth stocks. At the same time, the bank noted: \"We believe that the fascination with value vs. growth stocks will begin to fade as special risks become key.\" In Morgan Stanley's view, overall, 2022 is more about individual stocks than sectors or styles.</p><p><b>Also bullish on value stocks are Bank of America and JPMorgan Chase.</b>Bank of America gave five reasons for this: 1) Valuation dispersion is still close to historical highs, and high dispersion in history indicates a period when value stocks perform well; 2) If the epidemic is contained, value stocks may outperform growth stocks; 3) Most indicators show that value stocks are not expensive; 4) From the perspective of factors and sectors, investors still overweight growth stocks and underweight value stocks; 5) The Fed rate hike cycle favors value stocks.</p><p>Cyclical assets and value stocks will outperform, riskier and more volatile assets will rebound, while defensive bond alternatives and market segments that have benefited from the pandemic will encounter headwinds, JPMorgan said. The bank prefers reflation-sensitive sectors-energy and financials, consumer services, healthcare, and small-cap stocks.</p><p><b>BlackRock tends to allocate a mix of cyclical value stocks, such as energy and financials, with long-term structural growth stocks, such as technology and healthcare, as it did last year</b>。 Without the propellant to drive key markets forward on average in 2021, it will be important to focus on fundamental research to distinguish potential winners from losers, the company said.</p><p><b>Goldman Sachs' view is to buy cyclical stocks that are sensitive to the epidemic and inflation, as well as high-growth, high-profit stocks, while avoiding companies with high labor costs and high-growth, unprofitable companies</b>。 Goldman's reasoning is that in the short term, strong economic growth and peaking inflation should support cyclical stocks to outperform; Fast-growing companies that rely entirely on long-term growth expectations are more vulnerable to the risk of rising interest rates or disappointing revenues.</p><p><b>Wells Fargo Investment Institute favors growth and cyclical stocks over defensive sectors</b>。 \"Look for assets that perform well when inflation is above average. Be cautious about yield-sensitive assets,\" the agency said.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/50f0a252f951b7accc03d40bda92a3b2","relate_stocks":{".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138761582","content_text":"美联储越发鹰派的立场促使投资者抛弃快速成长的科技公司的股票，转而投向银行股、能源股等对经济敏感的股票。一些华尔街顶级公司认为，价值型股票有望在2022年继续大放异彩，不过，近来表现逊色的成长股并没有被全盘否定。面对不断攀升的通胀，美联储已加快缩减资产购买规模的步伐，并释放可能提前加息、甚至缩表的信号。根据CME的FedWatch工具，目前交易员押注美联储3月加息的可能性接近70%。若本周公布的美国CPI通胀率数据再度升高，加息预期或将进一步升温。可以预见的是，具有高度投机性的科技股将首当其冲。那些成长迅速和亏损的科技公司的高股价是基于其未来可能获得丰厚收益，被认为极易受到利率上升的影响，从而削弱潜在的未来收益。正如PineBridge Investments投资组合经理Hani Redha所说，“投机性科技股正在被摧毁”，以科技股为主的美股纳斯达克综合指数在2022年首周下跌4.5%，为六年来最差开年表现。高盛的指数显示，亏损科技公司的股价今年以来已下跌约10%。该行估计，那些无论美国经济如何起伏都能产生强劲增长的公司已下跌逾8%。科技股大跌之际，美国国债收益率创下28个月来最大涨幅，基准10年期美债收益率从2021年底的1.5%跃升至1.8%，触及近两年高位。Fidelity Investments全球宏观策略主管Jurrien Timmer称：“（投机性科技股之前）升上了月球，现在流动性大潮正在逆转。”随着收益率走高，此前不被看好的价值型股票的命运也在改写，银行、石油巨头、大型工业集团，尤其是那些与美国经济重新开放息息相关的公司股价均出现上扬。从标普500指数各板块2021全年的表现来看，在跑赢大盘的四个板块中，有三个（能源、房地产、金融）属于价值型板块，说明这类股票在投资者中颇具人气。2022年第一周，标普500指数下跌1.87%的同时，价值股成功实现上涨。当周罗素1000价值指数上涨0.75%，表现优于罗素1000成长指数5个百分点以上，为1991年有记录以来可比时期的最高水平，反映出市场的转变。瑞银财富管理投资总监美洲区投资主管Solita Marcelli表示，坚持周期性押注。她写道：“成长型公司一直是超低实际利率和名义利率的主要受益者。随着美联储开始政策正常化，这些股票将面临最强大的阻力，这点合乎逻辑。在美国股市中，我们依然青睐价值股而非成长股。”瑞银预计，2022年第一季度初价值股很有可能跑赢成长股，但这一势头不会持久。该行表示，强劲的通胀和劳动力市场应该会使盈亏平衡通胀率保持在高位（对价值股的帮助大于成长股）和实际利率上升（对成长股的伤害大于价值股） ，但持续转向价值股的理由更多是由撤离成长股所驱动，而不是由强势转向价值股所驱动。瑞银认为，到2022年第二季度成长股将实现反超。鉴于在利率和通胀上升方面的杠杆作用，摩根士丹利短期内也略微偏向价值股，而非成长股。该行同时指出：“我们认为，随着特殊风险成为关键，对价值股与成长股的迷恋将开始消退。”在大摩看来，总体而言，2022年更多的是关于个股，而不是行业或风格。看好价值股的还有美国银行和摩根大通。美银就此给出五点理由：1）估值离散度仍接近历史高位，历史上高离散度预示价值股表现出色的时期；2）若疫情得到遏制，价值股可能跑赢成长股；3）大多数指标显示价值股估值不贵；4）从因子和板块层面来看，投资者仍超配成长股、低配价值股；5）美联储加息周期有利于价值股。摩根大通称，周期性资产和价值股将会跑赢，风险更高、波动更大的资产将反弹，而防御性债券替代股和在疫情中受惠的市场细分领域将遭遇逆风。该行偏好对再通胀敏感的板块——能源和金融、消费服务、医疗保健以及小盘股。贝莱德倾向于像去年那样配置周期性价值股（如能源股和金融股）与长期结构性成长股（如科技股和医疗保健股）的组合。该公司表示，若缺少推动2021年关键市场平均向前发展的推进剂的话，专注于基本面研究以区分潜在的赢家和输家将会很重要。高盛的观点是，买入对疫情和通胀敏感的周期性股票，以及高成长、高利润的股票，同时，规避高劳动力成本的公司以及高成长、不赚钱的公司。高盛的理由是，短期内，强劲的经济增长和通胀率触顶应该会支持周期性股票跑赢；而完全依赖长期增长预期的快速成长的公司更易受到利率上升或营收令人失望的风险的影响。富国银行投资研究所对成长型股票和周期性股票的青睐胜过防御性板块。该机构称：“寻找在通胀高于平均水平时表现良好的资产。谨慎看待对收益率敏感的资产。”","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9068919245,"gmtCreate":1651709572144,"gmtModify":1676534953174,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9068919245","repostId":"1162262955","repostType":2,"isVote":1,"tweetType":1,"viewCount":2568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080263095,"gmtCreate":1649893618427,"gmtModify":1676534599247,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080263095","repostId":"2227126296","repostType":4,"isVote":1,"tweetType":1,"viewCount":2214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006724450,"gmtCreate":1641856314479,"gmtModify":1676533654041,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006724450","repostId":"1137410887","repostType":4,"repost":{"id":"1137410887","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":1641825936,"share":"https://ttm.financial/m/news/1137410887?lang=en_US&edition=fundamental","pubTime":"2022-01-10 22:45","market":"other","language":"zh","title":"[Change] Q2 revenue increased by about 20% year-on-year, and Tilray rose by more than 18%","url":"https://stock-news.laohu8.com/highlight/detail?id=1137410887","media":"老虎资讯综合","summary":"1月10日，Tilray盘初涨幅扩大至18%。公司Q2营收1.55亿美元，同比增长约20%。数据显示：公司Q2净营收1.55亿美元，比上年同期增长约20%；Q2调整后的EBITDA利润为1380万美元","content":"<p><html><head></head><body>On January 10, Tilray's early-session gains expanded to 18%. The company's Q2 revenue was US $155 million, a year-on-year increase of approximately 20%. The data shows that the company's Q2 net revenue was US $155 million, an increase of about 20% over the same period last year; Q2 adjusted EBITDA profit was $13.8 million, achieving positive adjusted EBITDA for 11 consecutive quarters; Q2 net loss was US $201,000, and the expected net loss was US $36.16 million.</p><p><img src=\"https://static.tigerbbs.com/2fbc364897237dd5bc2d18eab4e59114\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>[Change] Q2 revenue increased by about 20% year-on-year, and Tilray rose by more than 18%</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\">\n[Change] Q2 revenue increased by about 20% year-on-year, and Tilray rose by more than 18%\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\">2022-01-10 22:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On January 10, Tilray's early-session gains expanded to 18%. The company's Q2 revenue was US $155 million, a year-on-year increase of approximately 20%. The data shows that the company's Q2 net revenue was US $155 million, an increase of about 20% over the same period last year; Q2 adjusted EBITDA profit was $13.8 million, achieving positive adjusted EBITDA for 11 consecutive quarters; Q2 net loss was US $201,000, and the expected net loss was US $36.16 million.</p><p><img src=\"https://static.tigerbbs.com/2fbc364897237dd5bc2d18eab4e59114\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/bd3ac286c2233d10a592ba6c388667fb","relate_stocks":{"TLRY":"Tilray Inc."},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137410887","content_text":"1月10日，Tilray盘初涨幅扩大至18%。公司Q2营收1.55亿美元，同比增长约20%。数据显示：公司Q2净营收1.55亿美元，比上年同期增长约20%；Q2调整后的EBITDA利润为1380万美元，连续11个季度实现调整后的EBITDA为正数；Q2净亏损20.1万美元，预期净亏损3616万美元。","news_type":1,"symbols_score_info":{"TLRY":0.9}},"isVote":1,"tweetType":1,"viewCount":2855,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9008279757,"gmtCreate":1641474032587,"gmtModify":1676533618673,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008279757","repostId":"1118721713","repostType":4,"repost":{"id":"1118721713","kind":"news","weMediaInfo":{"introduction":"关注中国基金报，即时获取深度理财资讯","home_visible":1,"media_name":"中国基金报","id":"6","head_image":"https://static.tigerbbs.com/2b2c79a68beb44c7bc06ad7210091200"},"pubTimestamp":1641472071,"share":"https://ttm.financial/m/news/1118721713?lang=en_US&edition=fundamental","pubTime":"2022-01-06 20:27","market":"us","language":"zh","title":"10 billion to Tencent! The annual report of the largest public pension in the United States exposed","url":"https://stock-news.laohu8.com/highlight/detail?id=1118721713","media":"中国基金报","summary":"2022年1月6日，美国最大公共养老金CalPERS公布2020-2021财年报告。CalPERS全称为California Public Employee Retirement System-美国加","content":"<p><div>On January 6, 2022, CalPERS, the largest public pension in the United States, announced its 2020-2021 fiscal year report. CalPERS, the full name of California Public Employee Retirement System-California Public Employee Pension Fund, was established in 1932 to manage and provide retirement pensions for state government and other public sector employees, covering state, city, and county government employees and non-teacher employees of schools. As of the end of June 2021, pension funds were approximately US $485 billion in size at fair value, equivalent to...</p><p><a href=\"\">Web link</a></div></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>10 billion to Tencent! The annual report of the largest public pension in the United States exposed</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\">\n10 billion to Tencent! The annual report of the largest public pension in the United States exposed\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/6\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/2b2c79a68beb44c7bc06ad7210091200);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">中国基金报 </p>\n<p class=\"h-time smaller\">2022-01-06 20:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><div>On January 6, 2022, CalPERS, the largest public pension in the United States, announced its 2020-2021 fiscal year report. CalPERS, the full name of California Public Employee Retirement System-California Public Employee Pension Fund, was established in 1932 to manage and provide retirement pensions for state government and other public sector employees, covering state, city, and county government employees and non-teacher employees of schools. As of the end of June 2021, pension funds were approximately US $485 billion in size at fair value, equivalent to...</p><p><a href=\"\">Web link</a></div></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d6343807e194b6b186ba48b4d7c4ff25","relate_stocks":{"BK1517":"云办公","BK1586":"云计算","BK1591":"就地过年概念","BK1095":"互动媒体与服务","TCEHY":"腾讯控股ADR","BK1608":"元宇宙概念","BK1502":"双十一","BK1531":"手游股","BK4077":"互动媒体与服务","BK1589":"北水核心资产","00700":"腾讯控股","BK1521":"挪威政府全球养老基金持仓","BK1526":"科网股"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118721713","content_text":"2022年1月6日，美国最大公共养老金CalPERS公布2020-2021财年报告。CalPERS全称为California Public Employee Retirement System-美国加州公共雇员养老基金，于1932年建立，为州政府和其它公共部门雇员管理和提供退休养老金，覆盖州、市、县政府雇员以及学校的非教师雇员。截至2021年6月底，养老基金依照公允价值计规模约4850亿美元，折合三万亿元人民币。年报封面来源：年报目前，加州公共雇员养老基金的覆盖率为82%，较2019-2020财年底的70.6%显著上升。覆盖率是当前基金资产与今后一段时间内养老支出之间的比值，代表养老基金的偿付能力。数据显示，2020-2021财年CalPERS偿付能力有所增强。而偿付能力持续增强需要CalPERS维持一定的收益水平。目前，CalPERS的长期预期年回报为7%左右。只有达到这一收益水平，基金才能为覆盖的会员提供稳定的养老金收入。只不过，作为“美国公务员养老金”，CalPERS难免受政治因素干扰，为基金投资带来很多不确定性因素。公开市场股权投资占比近50%根据CalPERS年报整理截至2021年6月底，基金以公开市场股权和固定收益投资为主。此外，房地产和私募股权投资合计也在基金资产中占有相当比重。最后，基金组合中还有一部分的短期限投资品（包含现金管理工具等）。由于公开市场股权投资占比较高，基金与全球股市尤其是美国股市的相关性比较高。基金近期的表现来源：基金年报基金的表现怎么样，我们一起来看看。2020-2021财年基金费后收益21.3%，参照基准同期回报在21.7%-27.4%之间。基金三年平均年化净收益在10.7%，参照基准同期回报在10.8%-11.8%之间。基金五年平均年化净收益在10.3%，参照基准同期回报在10.5%-11.6%之间。基金10年平均年化净回报在8.5%，参照基准在8.5%-9.3%之间。分类别来看，公开市场股权2020-2021财年回报为36.3%,私募股权2020-2021财年回报为43.8%，固定收益2020-2021财年亏损为0.1%，房地产2020-2021财年回报为2.6%。其中，除了私募股权，其余资产类别都略超基准表现。持有腾讯市值超100亿元来源：基金年报截至2021年6月底，基金前十大重仓股为微软、苹果公司、亚马逊、强生、脸书A类股、谷歌母公司AlphabetA类股、台积电、谷歌母公司AlphabetC类股、腾讯控股。其中持有腾讯控股市值约16.25亿美元，折合103.58亿元人民币。作为大型机构投资者，CalPERS已于11月向美国证交会提交了三季度末的美股持仓数据，但由于腾讯这样在其它市场上市的股票不在披露范围。与鼎晖、赛富等合作进行私募股权投资CalPERS和其它大型机构投资者一样近年来致力于增加私募股权投资。在低收益、通胀正抬升的今天，私募股权被很多大型养老金、捐赠基金当成挽救收益的“救命稻草”。私募股权资产与公开市场波动相关性低，它可以分散风险，降低组合的波动率。知名私募股权基金似乎也是“大金主”的“特权”。这些基金一般投资者很难投进去，大金主拥有品牌溢价，较其它投资者更有优势。在CalPERS合作的机构名单中，基金君发现了凯雷、KKR、橡树资本、黑石等知名私募股权巨头的名字，与此同时也发现了鼎晖、赛富旗下基金的影子。Marcie Frost来源：FT据英国“金融时报”报道，CalPERS首席执行官Marcie Frost介绍，在CalPERS最新制定的四年计划中，董事会允许，基金的私募股权投资占比最高可达13%，过去这一比例是在5%。2020-2021财年私募股权和私募债合计占比为9%。与此同时，董事会允许基金适当调低公开市场投资，例如，将公开市场股权投资占比从50%降至42%。尽管致力于提升私募股权投资占比，但是为了压缩管理费支出，CalPERS也在培养内部团队，尽量降低对外部管理人的依赖。不仅如此，Marcie Frost还透露因为对冲基金收费太高，CalPERS暂不考虑投资对冲基金。十大理念引导投资对于大型的养老金而言，正确理念引导下的战略配置决定了基金的长期收益。来自“对外经贸大学”的一份研究报告显示，CalPERS投资委员会制定了多元化战略投资组合并提出了十大投资理念，其中投资范围包含了股票、债券、现金、不动产、商品等。这10大投资理念如下：1、资产结构的决定必须要考虑负债：要保证足够支付承诺的资金；由于其本身具有的大量现金以及通胀敏感性负债，资产中现金和对冲通货膨胀的资产应该是该基金投资策略的重要组成部分；合理平衡收入与回报；保证足够的流动性。2、长期投资：要为后几代成员和纳税人考虑；多考虑作出长期投资行为的影响；多考虑规范化程度高的市场；投资非流动性资产要在适当收益情况下多考虑非流动性风险等。3、基金的投资决策应该反映更广泛的利益相关者的意见。4、长期价值创造需要有效管理三种资本形式：财政、物质和人力。5、基金必须明确其投资目标和绩效指标，并确保其执行明确的问责。6、战略资产配置是投资组合风险和收益的主要决定因素。7、只有拥有很高的信心会获取收益时，才会增加风险。8、成本是重要的，需要得到有效的管理。9、风险投资是多方面的，不能完全通过如波动或跟踪误差的措施捕获风险。10、未来投资目标的实现需要强大的流程和团队合作和深部资源。","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.9}},"isVote":1,"tweetType":1,"viewCount":2366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185859706,"gmtCreate":1623642613405,"gmtModify":1704207650162,"author":{"id":"3581734335259975","authorId":"3581734335259975","name":"aquariusfung","avatar":"https://static.tigerbbs.com/98525d98a13727de2f19108d05193384","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581734335259975","idStr":"3581734335259975"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185859706","repostId":"2142250206","repostType":4,"isVote":1,"tweetType":1,"viewCount":2598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}