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2021-06-10

Oh

Foreign Media Headlines: US SEC Chairman Proposes a Broad Assessment of Stock Trading Rules

2021-08-01

Yes

How does the global market go in August? These events will affect risk sentiment

2021-07-31

Yes

Behind "buying a house with tickets", is the big change in the property market really coming?

2021-08-05

Yes

stagflation Risk Increased! Goldman Sachs: Hedge well against sharp declines in U.S. stocks

2021-06-17

?

Fed Dot Plot: Median Expectations Fed Will rate hike Twice By End Of 2023

2021-08-13

Yes

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2021-06-08

Good job g7

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2021-06-08

Good job g7

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11:17","market":"us","language":"zh","title":"stagflation Risk Increased! Goldman Sachs: Hedge well against sharp declines in U.S. stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2156717176","media":"华尔街见闻","summary":"美股仍处高位，不过已经有华尔街大行开始警告下跌的风险了。高盛就提醒投资者，市场开始变得相当不稳定了，要关注股票下跌风险，并做好对冲准备。\n高盛策略师Christian Mueller-Glissman","content":"<p>U.S. stocks remain high, but some major Wall Street banks have begun to warn of the risk of falling.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Just remind investors that the market is beginning to become quite unstable, pay attention to the risk of stock decline and be prepared to hedge.</p><p>Christian Mueller-Glissmann, a strategist at Goldman Sachs, said in a recent research report that the S&P 500 index has not fallen by 5% for 187 days, which is one of the longest periods in the past 100 years; As stocks and bonds become more expensive, multi-asset portfolios are also becoming more vulnerable to interest rate and economic growth shocks.</p><p><b>Mueller-Glissmann first took a closer look at recent inflation indicators, noting that breakeven inflation outperforms other \"procyclical\" assets.</b>Generally speaking, the two have always been closely related throughout history; But recent performance shows that breakeven inflation appears to be increasingly different from various historical correlation indicators.</p><p>First, EU breakeven inflation outperformed assets like Cyclicals (EU Cyclicals vs Defensives) last week. 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It is important to note, however, that the rise in breakeven inflation is not reflected in the more important real interest rate.</b></p><p>Conversely, real interest rates across the term structure have been falling as breakeven inflation has risen, with the 10 year real rate in both Europe and the US hitting new lows in recent times.</p><p><b>In this case, Goldman Sachs warned that such low real interest rates point to the market's pricing of stagflation risk, which seems to be somewhat contradictory to the economic recovery.</b>In the view of Goldman Sachs economists, the U.S. economic recovery is generally on track, and inflationary pressures will eventually ease.</p><p>At the heart of reflation are bonds. Bonds have risen strongly since June and the yield curve has flattened, hinting not only at the risk of a recent slowdown in economic growth, but also at the risk of sustained long-term stagnation in the new cycle as monetary and fiscal support wears off. Additionally, the downside in long-term bond yields is largely driven by real yields, while break-even inflation is sticky — suggesting growing concerns about stagflation. Regarding the market outlook, Goldman Sachs strategist Mueller-Glissmann said that the market may need some catalysts to reprice higher interest rates, and this week's strong jobs report may help clarify the future trend.</p><p><b>Moreover, he warned that the risk of a stock market correction has increased. Moreover, the widening gap between S&P 500 returns and changes in bond yields over the past six months, coupled with the fact that real interest rates are already very low and stock valuations are very high, makes stocks more vulnerable to economic growth and interest rates.</b></p><p>In addition to the above reasons, Goldman Sachs gave other reasons in the report.</p><p>Goldman's Risk Appetite Indicator, for example, has plummeted recently. Looking at the index composition, growth optimism (RAI PC1) remains under pressure. This means that although the earnings season in Europe and the United States is generally strong going forward, the market is still not convinced that there will be more positive growth drivers at the end of the year and the new cycle, considering the beginning of disappointing fiscal stimulus measures in the United States and the drag on consumption by the COVID-19 pandemic.</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>stagflation Risk Increased! Goldman Sachs: Hedge well against sharp declines in U.S. stocks</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\">\nstagflation Risk Increased! Goldman Sachs: Hedge well against sharp declines in U.S. stocks\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\">2021-08-04 11:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. stocks remain high, but some major Wall Street banks have begun to warn of the risk of falling.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Just remind investors that the market is beginning to become quite unstable, pay attention to the risk of stock decline and be prepared to hedge.</p><p>Christian Mueller-Glissmann, a strategist at Goldman Sachs, said in a recent research report that the S&P 500 index has not fallen by 5% for 187 days, which is one of the longest periods in the past 100 years; As stocks and bonds become more expensive, multi-asset portfolios are also becoming more vulnerable to interest rate and economic growth shocks.</p><p><b>Mueller-Glissmann first took a closer look at recent inflation indicators, noting that breakeven inflation outperforms other \"procyclical\" assets.</b>Generally speaking, the two have always been closely related throughout history; But recent performance shows that breakeven inflation appears to be increasingly different from various historical correlation indicators.</p><p>First, EU breakeven inflation outperformed assets like Cyclicals (EU Cyclicals vs Defensives) last week. Moreover, in fact, this trend has appeared since the second quarter of this year.</p><p>Not only in Europe, but also in the United States. Since the second half of last year, US breakeven inflation (US breakeves) and procyclical assets (US cyclical vs Defensives) have been decoupled continuously.</p><p><b>Breakeven inflation is commonly used to measure inflation expectations. It is important to note, however, that the rise in breakeven inflation is not reflected in the more important real interest rate.</b></p><p>Conversely, real interest rates across the term structure have been falling as breakeven inflation has risen, with the 10 year real rate in both Europe and the US hitting new lows in recent times.</p><p><b>In this case, Goldman Sachs warned that such low real interest rates point to the market's pricing of stagflation risk, which seems to be somewhat contradictory to the economic recovery.</b>In the view of Goldman Sachs economists, the U.S. economic recovery is generally on track, and inflationary pressures will eventually ease.</p><p>At the heart of reflation are bonds. Bonds have risen strongly since June and the yield curve has flattened, hinting not only at the risk of a recent slowdown in economic growth, but also at the risk of sustained long-term stagnation in the new cycle as monetary and fiscal support wears off. Additionally, the downside in long-term bond yields is largely driven by real yields, while break-even inflation is sticky — suggesting growing concerns about stagflation. Regarding the market outlook, Goldman Sachs strategist Mueller-Glissmann said that the market may need some catalysts to reprice higher interest rates, and this week's strong jobs report may help clarify the future trend.</p><p><b>Moreover, he warned that the risk of a stock market correction has increased. Moreover, the widening gap between S&P 500 returns and changes in bond yields over the past six months, coupled with the fact that real interest rates are already very low and stock valuations are very high, makes stocks more vulnerable to economic growth and interest rates.</b></p><p>In addition to the above reasons, Goldman Sachs gave other reasons in the report.</p><p>Goldman's Risk Appetite Indicator, for example, has plummeted recently. Looking at the index composition, growth optimism (RAI PC1) remains under pressure. This means that although the earnings season in Europe and the United States is generally strong going forward, the market is still not convinced that there will be more positive growth drivers at the end of the year and the new cycle, considering the beginning of disappointing fiscal stimulus measures in the United States and the drag on consumption by the COVID-19 pandemic.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3637091\">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/4b6684517506a0b0f4c4c5a1c4889261","relate_stocks":{"GS":"高盛"},"source_url":"https://wallstreetcn.com/articles/3637091","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156717176","content_text":"美股仍处高位，不过已经有华尔街大行开始警告下跌的风险了。高盛就提醒投资者，市场开始变得相当不稳定了，要关注股票下跌风险，并做好对冲准备。\n高盛策略师Christian Mueller-Glissmann在最近的一篇研报中表示，标普500指数已经有187天没有出现下跌5%的情况，为过去100年来最长持续时间之一；随着股票和债券越来越贵，多资产组合也变得更容易受到利率和经济增长冲击的影响。\nMueller-Glissmann首先仔细观察了近期的通胀指标，指出盈亏平衡通胀表现优于其他“顺周期”资产。通常来说，这两者在历史上一直是密切相关的；但是近期的表现显示，盈亏平衡通胀与各种历史相关性指标的差异似乎越来越大。\n首先，上周欧洲盈亏平衡通胀（EU breakeven inflation）表现优于周期股等资产（EU Cyclicals vs Defensives）。并且，实际上今年二季度以来就已经出现了这一趋势。\n不仅是欧洲，美国也是如此。去年下半年开始美国盈亏平衡通胀（US breakeves）和顺周期资产（US cyclical vs Defensives）就开始不断脱钩了。\n盈亏平衡通胀通常被用于衡量通胀预期。然而需要注意的是，盈亏平衡通胀的上升并没有反映在更重要的实际利率上。\n相反，随着盈亏平衡通胀的上升，整个期限结构的实际利率一直在下降，欧洲和美国的10年期实际利率均在近期创下了新低。\n对于上述情形，高盛警告，如此低的实际利率水平指向了市场对滞涨风险的定价，而这似乎与经济复苏有些矛盾。在高盛经济学家看来，美国经济复苏大体上处在轨道上，通胀压力最终也会缓解。\n\n 通货再膨胀的核心是债券。债券自6月以来强劲上扬，收益率曲线趋平，不仅暗示了近期经济增长放缓的风险，同时也显示了随着货币和财政支持的消失，新一周期内持续长期停滞的风险。此外，长期限债券收益率下行主要是由实际收益率推动的，而盈亏平衡通胀具有粘性——这表明对滞涨的担忧日益加剧。\n\n对于后市的走势，高盛策略师Mueller-Glissmann表示，市场可能需要一些催化剂来重新定价更高的利率，本周强劲的就业报告可能有助于明晰日后的趋势。\n此外，他还警告，股市调整的风险已经增加了。此外，过去6个月，标普500回报率和债券收益率变化之间的差距不断扩大，再加上实际利率已经非常低了，且股票估值非常高，这使得股票更易受到经济增长和利率的冲击。\n除了上述原因之外，高盛还在报告中给出了其他理由。\n比如，高盛风险偏好指标（Goldman's Risk Appetite Indicator）近期重挫。从指数组成来看，增长乐观情绪（RAI PC1）仍处于压力之下。这意味着尽管往后看欧洲和美国的财报季总体强劲，但是考虑到美国财政刺激措施开始令人失望，以及新冠疫情拖累了消费，市场仍然不相信在年底和新周期会出现更多积极的增长动力。","news_type":1,"symbols_score_info":{"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":3265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802848391,"gmtCreate":1627770544413,"gmtModify":1703495518251,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802848391","repostId":"1120441766","repostType":4,"repost":{"id":"1120441766","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":1627665833,"share":"https://ttm.financial/m/news/1120441766?lang=en_US&edition=fundamental","pubTime":"2021-07-31 01:23","market":"sh","language":"zh","title":"How does the global market go in August? These events will affect risk sentiment","url":"https://stock-news.laohu8.com/highlight/detail?id=1120441766","media":"Wind万得","summary":"随着7月进入尾声，投资者开始关注8月市场热点事件。美联储一如既往地成为焦点，但企业财报、市场波动等因素也不容忽视。\n8月通常会带来美股交易速度的放缓，特别是在月中旬，因为这期间将近一半企业都已公布财报","content":"<p>As July draws to a close, investors are beginning to pay attention to the hot market events in August. The Federal Reserve, as always, is in focus, but factors such as corporate earnings reports and market volatility can't be ignored.</p><p>August usually brings a slowdown in U.S. stock trading, especially in the middle of the month, when nearly half of companies have reported earnings. Still, at least from a historical perspective, stocks have some weak seasonal trends heading into September. This is worth watching, especially considering both inflation and stock valuations remain concerning.</p><p><b>Corporate earnings season</b></p><p>After the Federal Reserve's late July meeting, investors can refocus on corporate earnings season. The Federal Reserve is a key component, but earnings drive the U.S. stock market in the long run. At the end of July, the second-quarter earnings season was exactly in line with analysts' expectations, or even partially beat them.</p><p>On July 19, the S&P 500 fell 2% on concerns about the Delta virus mutation, with a slight little swing; However, in late July, the bright performance of the earnings season basically boosted the major sectors of U.S. stocks. Entering August,<a href=\"https://laohu8.com/S/DAL\">Delta Airlines</a>The performance has worried many investors. There are signs that more countries and regions will re-tighten restrictions on outbound travel as the virus spreads further.</p><p>Markets can't expect changes from the virus, but if things worsen, it could mean people returning to so-called \"defensive\" areas, namely fixed income, very large tech stocks and the dollar.</p><p>Back to earnings, from big banks to Snap,<a href=\"https://laohu8.com/S/IBM\">IBM</a>、<a href=\"https://laohu8.com/S/HON\">Honeywell</a>、<a href=\"https://laohu8.com/S/T\">American Telephone and Telegraph</a>Companies and<a href=\"https://laohu8.com/S/AXP\">American Express</a>, many companies performed reasonably well in their July reports, as did airlines and railways. There is an argument that if railways operate well, then the wider economy will also develop well, as transport tends to be a barometer of aggregate demand.</p><p>Investor earnings estimates for the full quarter are also on the rise, with analysts now expecting second-quarter earnings to rise 74.2%, compared to 69.4% estimates. Since July, companies in a number of industries (led by the financial, healthcare, information technology and communication services industries) have reported earnings that have exceeded expectations, resulting in improvements in overall earnings expectations.</p><p>But on the other hand, market weaknesses remain, such as in the semiconductor sector.<a href=\"https://laohu8.com/S/INTC\">Intel</a>And<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>Neither has failed to impress investors, with shares of both companies on the defensive. In addition, investors have digested the expectation of strong corporate earnings, and some companies need to exceed expectations or have a broad room for growth to attract more capital inflows. This also explains why bank stocks failed to rise sharply on strong results.</p><p><b>Federal Reserve Policy Support and Economic Data</b></p><p>\"No fight with the Fed\" doesn't seem to have changed either. It's a term coined decades ago by traders who thought the Fed would step in to prop up stocks in any downturn. Fed Chair Jerome Powell said earlier this month that the Fed remains committed to easy monetary policy and that high inflation could cool.</p><p>The Fed's rhetoric will affect a \"key indicator\" of global assets: Will U.S. Treasury Bond yields get back on an upward path in August, or will they fall below a nearly five-month low of 1.2% again? Falling yields tend to help so-called \"growth\" sectors such as technology, while rising yields tend to help \"cyclical\" sectors such as finance and energy. The ongoing tug-of-war between growth and value throughout the year shows no sign of disappearing.</p><p>Earlier this year, there were plenty of people on Wall Street who thought Jackson Hole could be the time and place for the Fed to announce its long-awaited taper. That doesn't have to be the case now: The steady decline in U.S. bond yields since the end of March appears to have given the Fed more room to maneuver to maintain its $120 billion-a-month bond purchase program. It's a strategy the Fed uses to inject liquidity and keep interest rates low, and it seems to have worked.</p><p>The U.S. economy grew more than 6% in the first quarter of this year, and the 10-year U.S. Treasury Bond yield was nearly 1.3% at the end of July. That's a surprisingly low yield given economic growth and month-to-month high inflation.</p><p>Both Powell and President Biden said in late July that the current high inflation would not last. To be sure, most in the market will be keeping a close eye on the July consumer and producer prices, which are released in August, as well as the July jobs report. Job growth rebounded in June after months of weakness. The focus may now turn more to wage growth: If employers have to start raising wages significantly to attract workers, it could also raise inflation concerns.</p><p>By the time the Jackson Hole meeting approaches, investors may have a better sense of whether the Fed is ready to act, or at least predict stimulus from the Fed. Some economists note that the Federal Reserve continues to buy mortgage-backed securities, providing unnecessary ammunition for an already overheated housing market.</p><p><b>US stock volatility raises concerns</b></p><p>August could be a respite for investors. Traditionally, this is due to a time when many traders have gone on vacation and volatility and trading volumes tend to decline. There was some disruption to this seasonal factor last year, but if fears of the pandemic hadn't continued to grow, Wall Street might have a more normal holiday schedule.</p><p>In August, the CBOE Volatility Index (VIX) is likely to receive more attention. In mid-July, the index briefly rose above 20 before falling back to 17, the same level as earlier this month. The historical average for the VIX is around 20, but levels well below 20 tend to indicate that people expect less turmoil ahead.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>pointed out that the seasonal factors in August were not favorable for the market, and from historical data, U.S. stocks showed a downward trend throughout August, which was the fourth worst two-week seasonal period of the year. Since 1950, the S&P 500 has risen more than 10% in the first half of that year 19 times in 72 years. Specifically, after a strong market performance in the first half of the year, median returns typically decline 51 basis points in August before rising again.</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>How does the global market go in August? These events will affect risk sentiment</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\">\nHow does the global market go in August? These events will affect risk sentiment\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-07-31 01:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>As July draws to a close, investors are beginning to pay attention to the hot market events in August. The Federal Reserve, as always, is in focus, but factors such as corporate earnings reports and market volatility can't be ignored.</p><p>August usually brings a slowdown in U.S. stock trading, especially in the middle of the month, when nearly half of companies have reported earnings. Still, at least from a historical perspective, stocks have some weak seasonal trends heading into September. This is worth watching, especially considering both inflation and stock valuations remain concerning.</p><p><b>Corporate earnings season</b></p><p>After the Federal Reserve's late July meeting, investors can refocus on corporate earnings season. The Federal Reserve is a key component, but earnings drive the U.S. stock market in the long run. At the end of July, the second-quarter earnings season was exactly in line with analysts' expectations, or even partially beat them.</p><p>On July 19, the S&P 500 fell 2% on concerns about the Delta virus mutation, with a slight little swing; However, in late July, the bright performance of the earnings season basically boosted the major sectors of U.S. stocks. Entering August,<a href=\"https://laohu8.com/S/DAL\">Delta Airlines</a>The performance has worried many investors. There are signs that more countries and regions will re-tighten restrictions on outbound travel as the virus spreads further.</p><p>Markets can't expect changes from the virus, but if things worsen, it could mean people returning to so-called \"defensive\" areas, namely fixed income, very large tech stocks and the dollar.</p><p>Back to earnings, from big banks to Snap,<a href=\"https://laohu8.com/S/IBM\">IBM</a>、<a href=\"https://laohu8.com/S/HON\">Honeywell</a>、<a href=\"https://laohu8.com/S/T\">American Telephone and Telegraph</a>Companies and<a href=\"https://laohu8.com/S/AXP\">American Express</a>, many companies performed reasonably well in their July reports, as did airlines and railways. There is an argument that if railways operate well, then the wider economy will also develop well, as transport tends to be a barometer of aggregate demand.</p><p>Investor earnings estimates for the full quarter are also on the rise, with analysts now expecting second-quarter earnings to rise 74.2%, compared to 69.4% estimates. Since July, companies in a number of industries (led by the financial, healthcare, information technology and communication services industries) have reported earnings that have exceeded expectations, resulting in improvements in overall earnings expectations.</p><p>But on the other hand, market weaknesses remain, such as in the semiconductor sector.<a href=\"https://laohu8.com/S/INTC\">Intel</a>And<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>Neither has failed to impress investors, with shares of both companies on the defensive. In addition, investors have digested the expectation of strong corporate earnings, and some companies need to exceed expectations or have a broad room for growth to attract more capital inflows. This also explains why bank stocks failed to rise sharply on strong results.</p><p><b>Federal Reserve Policy Support and Economic Data</b></p><p>\"No fight with the Fed\" doesn't seem to have changed either. It's a term coined decades ago by traders who thought the Fed would step in to prop up stocks in any downturn. Fed Chair Jerome Powell said earlier this month that the Fed remains committed to easy monetary policy and that high inflation could cool.</p><p>The Fed's rhetoric will affect a \"key indicator\" of global assets: Will U.S. Treasury Bond yields get back on an upward path in August, or will they fall below a nearly five-month low of 1.2% again? Falling yields tend to help so-called \"growth\" sectors such as technology, while rising yields tend to help \"cyclical\" sectors such as finance and energy. The ongoing tug-of-war between growth and value throughout the year shows no sign of disappearing.</p><p>Earlier this year, there were plenty of people on Wall Street who thought Jackson Hole could be the time and place for the Fed to announce its long-awaited taper. That doesn't have to be the case now: The steady decline in U.S. bond yields since the end of March appears to have given the Fed more room to maneuver to maintain its $120 billion-a-month bond purchase program. It's a strategy the Fed uses to inject liquidity and keep interest rates low, and it seems to have worked.</p><p>The U.S. economy grew more than 6% in the first quarter of this year, and the 10-year U.S. Treasury Bond yield was nearly 1.3% at the end of July. That's a surprisingly low yield given economic growth and month-to-month high inflation.</p><p>Both Powell and President Biden said in late July that the current high inflation would not last. To be sure, most in the market will be keeping a close eye on the July consumer and producer prices, which are released in August, as well as the July jobs report. Job growth rebounded in June after months of weakness. The focus may now turn more to wage growth: If employers have to start raising wages significantly to attract workers, it could also raise inflation concerns.</p><p>By the time the Jackson Hole meeting approaches, investors may have a better sense of whether the Fed is ready to act, or at least predict stimulus from the Fed. Some economists note that the Federal Reserve continues to buy mortgage-backed securities, providing unnecessary ammunition for an already overheated housing market.</p><p><b>US stock volatility raises concerns</b></p><p>August could be a respite for investors. Traditionally, this is due to a time when many traders have gone on vacation and volatility and trading volumes tend to decline. There was some disruption to this seasonal factor last year, but if fears of the pandemic hadn't continued to grow, Wall Street might have a more normal holiday schedule.</p><p>In August, the CBOE Volatility Index (VIX) is likely to receive more attention. In mid-July, the index briefly rose above 20 before falling back to 17, the same level as earlier this month. The historical average for the VIX is around 20, but levels well below 20 tend to indicate that people expect less turmoil ahead.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>pointed out that the seasonal factors in August were not favorable for the market, and from historical data, U.S. stocks showed a downward trend throughout August, which was the fourth worst two-week seasonal period of the year. Since 1950, the S&P 500 has risen more than 10% in the first half of that year 19 times in 72 years. Specifically, after a strong market performance in the first half of the year, median returns typically decline 51 basis points in August before rising again.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/082208e3c37780dd55878056410ffa43","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120441766","content_text":"随着7月进入尾声，投资者开始关注8月市场热点事件。美联储一如既往地成为焦点，但企业财报、市场波动等因素也不容忽视。\n8月通常会带来美股交易速度的放缓，特别是在月中旬，因为这期间将近一半企业都已公布财报。不过，至少从历史的角度来看，进入9月份，股市仍有一些疲软的季节性趋势。这一点值得关注，尤其是考虑到通胀和股票估值都仍令人担忧。\n企业财报季\n在美联储7月底的会议之后，投资者可以重新关注企业财报季。美联储是一个关键组成部分，但从长期来看，收益驱动着美股市场。截至7月底，第二季度财报季完全符合分析师的预期，甚至部分超出预期。\n7月19日，标准普尔500指数因担心德尔塔病毒变异而下跌2%，出现了轻微的小波动；但在7月下旬，财报季的亮眼表现基本上提振了美股各大板块。进入8月，达美航空业绩表现让不少投资者担忧。有迹象表明，随着病毒的进一步蔓延，更多国家和地区将重新对外出旅行加强限制。\n市场无法预期病毒的变化，但如果情况恶化，可能意味着人们会回到所谓的“防御性”领域，即固定收益、超大型科技股和美元。\n回到盈利方面，从大型银行到Snap、IBM、霍尼韦尔、美国电话电报公司和美国运通，许多公司在7月份的报告中都表现得相当不错，航空公司和铁路公司也是如此。有一种观点认为，如果铁路运营良好，那么更广泛的经济也会发展良好，因为运输往往是总需求的晴雨表。\n投资者对整个季度的收益预期也在上升，分析师目前预计第二季度收益将增长74.2%，此前预计为69.4%。7月以来，多个行业(以金融、医疗保健、信息技术和通信服务行业为首)公司公布的收益超出预期，导致整体收益预期有所改善。\n但另一方面，市场弱点仍然存在，例如半导体领域。英特尔和德州仪器的前景都未能给投资者留下深刻印象，两家公司的股价都处于守势。此外，投资者已经消化了企业收益强劲的预期，一些公司需要业绩大超预期，或成长空间较广，才能吸引更多资金流入。这也解释了为什么银行股未能因强劲业绩大幅上涨。\n美联储政策支持和经济数据\n“不与美联储抗争”似乎也没有改变。这是几十年前交易员们发明的一个术语，他们认为美联储会在任何低迷时期出手支撑股市。美联储主席鲍威尔(Jerome Powell)本月早些时候表示，美联储仍致力于宽松货币政策，高通胀可能会降温。\n美联储的言辞将会影响全球资产的“关键指标”：美国国债收益率将在8月份重新走上上升之路，还是将再次跌至近五个月来的低点1.2%以下？收益率下降往往有助于科技等所谓的“成长型”板块，而收益率上升往往有助于金融和能源等“周期性”板块。全年持续的增长与价值的拉锯战并没有消失的迹象。\n今年早些时候，华尔街有很多人认为，杰克逊霍尔可能是美联储宣布外界期待已久的缩减刺激计划的时机和地点。现在不一定是这样了：自3月底以来，美债收益率稳步下滑，似乎给了美联储更多的操作空间，以维持每月1,200亿美元的购债计划。这是美联储用来注入流动性和保持低利率的策略，而且似乎已经奏效了。\n今年第一季度，美国经济增长超过6%，截至7月底，10年期美国国债收益率接近1.3%。考虑到经济增长和月复一月的高通胀，这是一个令人惊讶的低收益率。\n鲍威尔和拜登总统在7月下旬都表示，目前的高通胀不会持续。可以肯定的是，市场中的大多数人将密切关注8月公布的7月消费者和生产者价格，以及7月就业报告。就业增长在经过几个月的疲软后，于6月反弹。现在的焦点可能更多地转向工资增长：如果雇主不得不开始大幅提高工资以吸引工人，这可能也会引发通胀担忧。\n等到杰克逊霍尔会议临近的时候，投资者可能会对美联储是否准备采取行动有更好的感觉，或者至少预测美联储会采取刺激措施。一些经济学家指出，美联储继续购买抵押贷款支持证券，这为已经过热的房地产市场提供了不必要的弹药。\n美股波动率引发关注\n8月份可能是给投资者喘息的时间。传统上，这是由于许多交易员都去度假，波动性和交易量趋于下降的时候。去年，这种季节因素受到了一些干扰，但如果对疫情的恐惧没有持续增长，华尔街可能会有一个更正常的假期安排。\n8月，CBOE波动率指数(VIX)可能会受到更多关注。7月中旬，该指数短暂升至20以上，然后又回落至17，与本月早些时候的水平相同。VIX指数的历史平均水平在20左右，但远低于20的水平往往表明，人们预计未来的动荡会减少。\n高盛指出，8月的季节性因素并不对市场有利，从历史数据来看，整个8月美股都呈下降趋势，这是一年中第四糟糕的两周季节性时期。自1950年以来，在72年的时间里，标普500指数有19次在当年上半年涨超10%。具体来说，在上半年市场表现强劲之后，8月份的回报率中值通常会下降51个基点，然后再上升。","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806523083,"gmtCreate":1627681598742,"gmtModify":1703494502516,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806523083","repostId":"1198370900","repostType":4,"repost":{"id":"1198370900","kind":"news","weMediaInfo":{"introduction":"凤凰网港股官方账号，专注让专业更简单","home_visible":1,"media_name":"凤凰网港股","id":"56","head_image":"https://community-static.tradeup.com/news/63f98f2e899d607a12011e4ecf9c0ac7"},"pubTimestamp":1627658786,"share":"https://ttm.financial/m/news/1198370900?lang=en_US&edition=fundamental","pubTime":"2021-07-30 23:26","market":"sh","language":"zh","title":"Behind \"buying a house with tickets\", is the big change in the property market really coming?","url":"https://stock-news.laohu8.com/highlight/detail?id=1198370900","media":"凤凰网港股","summary":"2021年春节过后，原本平静的武汉楼市突然躁动起来。\n短短两个月的时间里，武汉光谷关山大道的中建大公馆、金地格林东郡、泛悦城等楼盘，从2万元/平方米左右的价格，涨到了3、4万元/平方米。\n而房价飞涨的","content":"<p><b>After the Spring Festival in 2021, the originally calm Wuhan property market suddenly became restless.</b></p><p>In just two months, the prices of China Construction Grand Mansion, Gemdale Green East County, Fanyue City and other properties on Guanshan Avenue in Optics Valley, Wuhan have risen from about 20,000 yuan/square meter to 30,000 yuan/square meter.</p><p>Behind the soaring house prices are investors from Shenzhen, Xuzhou, Zaozhuang and other places, taking advantage of Wuhan's relatively loose settlement policy and purchase restriction policy to \"speculate in real estate\" crazily.</p><p>At that time, Wuhan locals who suffered deeply told the media, \"I hate these foreign real estate speculators. When can the government strictly restrict purchases?\"</p><p>The people of Wuhan did not wait long. Three months later, on July 28th, Wuhan Housing Authority issued a draft for comments on strengthening the management of house purchase qualification. After the draft was released, the topic of \"Wuhan will implement buying a house with room tickets\" quickly caused heated discussion on the Internet.</p><p>Is Wuhan going to enter the era of \"buying a house with room tickets\"? Some people support this news, some people question it, and some people worry that \"real estate speculation\" will become \"real estate speculation ticket\".</p><p>However, no matter how you interpret it, the signal of \"tightening\" of the property market released by Wuhan is clear. In fact, Wuhan is not the only city that is \"tightening\" the property market policy.</p><p>Ifeng.com \"Eye of the Storm\" found that since 2021, local governments including Beijing, Shanghai, Guangzhou, Shenzhen and Hangzhou have issued stricter regulatory policies for the real estate market.</p><p>As the off-campus education and training industry ushers in subversive changes, many people can't help but ask:<b>Is the big change in China's property market coming?</b></p><p>Bai Wenxi, vice chairman of China Enterprise Capital Alliance and chief economist of IPG China, told Phoenix. com \"Eye of the Storm\": \"These policies will increase and enhance the difficulty and cost of buying houses for investment demand in the short term, thus suppressing the overheating of the property market to some extent. However, in the long run, if the actual market supply and demand relationship does not change, and the population, land and financial policies that affect housing prices do not change significantly, it will be difficult to have a substantial impact on housing prices.\"</p><p><img src=\"https://static.tigerbbs.com/93c9284d07634672a560d0f50a2e3314\" tg-width=\"1080\" tg-height=\"443\" referrerpolicy=\"no-referrer\"></p><p><b>01. What exactly is Wuhan's \"buying a house with tickets\"?</b></p><p>What does Wuhan's policy of \"buying a house with room ticket\", which has caused heated discussion on the Internet, stipulate in the end?</p><p>On July 28th, in order to adhere to the positioning of \"housing for living, not speculation\" and further strengthen the management of house purchase qualification in Wuhan, Wuhan Housing Authority issued the Notice of Municipal Housing Security and Housing Authority on Strengthening the Management of House Purchase Qualification (Draft for Comment), and publicly solicited opinions.</p><p><img src=\"https://static.tigerbbs.com/8db8d8c23e8cca1ee4ca8d5d15731bf9\" tg-width=\"1007\" tg-height=\"537\" referrerpolicy=\"no-referrer\"></p><p>According to the draft, in the application for house purchase qualification, intended buyers who meet the purchase restriction area can apply for house purchase qualification through the official platform or through developers and intermediaries.</p><p>The housing management departments of each district shall complete the house purchase qualification identification within 48 hours from the time of application, and feed back the identification results to the applicants. The house purchase qualification identification results shall be valid within 60 days from the date of issuance.</p><p>The \"Draft for Comments\" also requires that after the completion of the purchase registration, the results of the purchase qualification will be locked immediately, and the purchase registration will not be carried out again during the lockdown period. After the sale is opened, the purchase qualification result will be automatically unlocked.</p><p>Bai Wenxi told Phoenix Network's Eye of the Storm: \"The relevant idea of 'buying a house with tickets' in Wuhan is still in the stage of soliciting opinions. This is a proposed system design to strengthen the control of the property market and base on the qualification access of buyers.\"</p><p>Then, after the policy of \"buying a house with room ticket\" is introduced, what impact will it have on Wuhan's property market?</p><p>Zhuge Housing Search Data Research Center told Phoenix Network's Eye of the Storm: \"The policy of buying a house with tickets is a new patch policy of the previous policy, and it is also a supplement and improvement of the purchase restriction policy. To some extent, it can curb market chaos, play a positive role in regulating real estate market transactions, and effectively crack down on some developers who create false hot sales scenes, and to some extent, it can curb the phenomenon of real estate speculation.\"</p><p>Zhu Xiaohong, president of China Luxury House Research Institute, told Phoenix Network's Eye of the Storm: \"Buying a house with tickets is similar to the housing intervention in Hong Kong and South Korea. It is good to crack down on real estate speculation and control the excessive consumption of housing products, but to prevent 'using room tickets for personal gain' and 'buying and selling room tickets', we must ensure that the room tickets are given to the right person.\"</p><p>Bai Wenxi also expressed similar concerns. He said: \"On the surface, room tickets will control demand and crack down on real estate speculation, but in fact, they are carried out by suppressing demand and not increasing supply. If used improperly, it may aggravate the contradiction between supply and demand, lead to power corruption, and aggravate all kinds of disguised real estate speculation and underground real estate speculation.\"</p><p><b>02. Local governments have intensively introduced policies, and the signal of \"tightening\" is obvious</b></p><p>In fact, Wuhan's policy adjustment of house purchase qualification may have started as early as 2020.</p><p>In January last year, Wuhan implemented the whole process of commercial housing qualification verification online. Intended buyers can apply for qualification and inquire about the results through official website of Wuhan Housing Authority. If they pass the audit, they can get the audit information such as number and QR code. This information is valid for purchasing a house within 60 days, and they need to apply again after expiration.</p><p>It can be seen that as early as 2020, Wuhan has set up the prototype of the mechanism of \"buying a house with room tickets\". This draft for comments is also a supplement and improvement to the first-in-charge policy.</p><p>In addition to Wuhan, first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, second-and third-tier cities such as Jiaxing, Foshan and Wuxi, and central departments such as the Ministry of Housing and Urban-Rural Development have successively issued a series of policies to strengthen supervision of the real estate market.</p><p>On January 5th, in an interview with the media, Wang Menghui, Minister of Housing and Urban-Rural Development, reiterated the policy principles of adhering to housing for living without speculation and implementing the long-term mechanism of real estate, saying that in 2021, housing for living without speculation will remain the main policy tone and will not change, while the long-term mechanism will continue to be implemented and improved.</p><p>For example, Shanghai also made it clear in January that it would continue to implement the property tax pilot. At the same time, Shanghai also stipulates that in response to the phenomenon of \"fake divorce, real house purchase\", if a couple divorces, if either party purchases commercial housing within 3 years from the date of divorce, the number of housing units owned by them will be calculated according to the total number of households before divorce. Adjust the period of VAT levy and exemption. Increase the value-added tax exemption period for individual sales of housing from 2 years to 5 years.</p><p>In March, Xi' an also issued a new purchase restriction policy, stipulating that buyers who cheat or avoid the purchase restriction policy by \"holding on behalf\" will be included in the list of untrustworthy people who buy houses in our city, and are not allowed to buy houses within 5 years</p><p>In June, the Ministry of Finance, the Ministry of Natural Resources, the State Administration of Taxation and the People's Bank of China jointly issued a notice that four government non-tax revenues, including the income from the transfer of state-owned land use rights, would be transferred to the tax authorities for collection, which once caused heated discussions.</p><p>On July 23rd, eight departments, including the Ministry of Housing and Urban-Rural Development, the National Development and Reform Commission and the Ministry of Public Security, jointly issued a notice on continuous rectification and standardization of the order of the real estate market, which comprehensively standardized the order of the real estate market from four aspects: real estate development, housing sale, housing leasing and property services.</p><p>On July 30, the CBIRC held a system-wide 2021 mid-year work symposium and a symposium on discipline inspection and supervision (TV and telephone). The meeting emphasized that it is necessary to strictly implement the requirements of \"three lines and four files\" and the concentration of real estate loans, and prevent bank insurance funds from bypassing and illegally flowing into the real estate market.</p><p>According to the incomplete statistics of Fenghuang Wang's \"Eye of the Storm\", since January this year, local governments and relevant central departments have issued more than 40 supervision and control policies for the real estate market and its derivative services. The number and density are relatively rare in recent years.</p><p>Bai Wenxi told Phoenix Network's Eye of the Storm: \"There are three reasons for the current adjustment of real estate policy: the first is to prevent financial risks caused by real estate; The second is to reduce the total cost of economic operation represented by real estate under the internal circulation mode; The third is to reduce the pressure of living costs to enhance the willingness to have children and maintain the sustainable development of the population.\"</p><p><img src=\"https://static.tigerbbs.com/8a08ad922ffa471f7aea8f0400a29bb4\" tg-width=\"1080\" tg-height=\"1230\" referrerpolicy=\"no-referrer\"></p><p><b>03. Real estate companies \"no longer in the limelight\" share price pullback/retracement sharply</b></p><p>Policy changes also directly affect listed companies in the real estate industry.</p><p>Benefiting from the rapid development of China's real estate market in recent years, a large number of giant listed real estate companies have been born in China, and real estate enterprises were once regarded as a symbol of \"no bad money\".</p><p>Wang Jianlin, chairman of Wanda, has died<a href=\"https://laohu8.com/S/BEKE\">Shell</a>Chairman Zuo Hui and other real estate tycoons have ascended the throne of \"the richest man\".</p><p>However, with the state beginning to regulate the \"overheated\" real estate market and the introduction of a series of strict regulatory policies, these listed real estate companies have also encountered the problem of \"turning around in a disaster\", and problems such as capital chain break, income decline, stock price decline and high debt have also followed.</p><p>In August last year, the Ministry of Housing and Urban-Rural Development and the People's Bank of China held a symposium on key real estate enterprises in Beijing, clarifying the fund monitoring and financing management rules of key real estate enterprises, which are the \"three red lines\" that have been rumored many times in the industry before.</p><p>According to the incomplete statistics of Fenghuang Wang's \"Eye of the Storm\", more than half of the 40 leading real estate companies listed in Hong Kong stocks and A shares have their share prices exceeding 30% from the highest point of pullback/retracement within 52 weeks.</p><p><img src=\"https://static.tigerbbs.com/face4ce6faa97c257718c9108ee3c3b8\" tg-width=\"1080\" tg-height=\"1003\" referrerpolicy=\"no-referrer\"></p><p>In fact, in the collective \"big dive\" of A-shares on Monday and Tuesday, out of worries about the policy supervision of the real estate market, A-share real estate stocks also plummeted collectively.<a href=\"https://laohu8.com/S/000718\">Suning Global</a>、<a href=\"https://laohu8.com/S/600773\">Tibet Chengtou</a>It once fell by more than 10%.</p><p><img src=\"https://static.tigerbbs.com/0dfca5e8a01f143057cf5d1f41a95b53\" tg-width=\"324\" tg-height=\"459\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>04. Is the big change in the property market coming?</b></p><p>Wuhan's policy of \"buying a house with room tickets\" also reminds many people of \"food stamps\" and \"meat stamps\" in the era of planned economy. So, does \"buying a house with room tickets\" really mean returning to the era of planned economy? Will other cities follow up?</p><p><img src=\"https://static.tigerbbs.com/cb31adddcc3e0bf4814fad90b355b71b\" tg-width=\"1080\" tg-height=\"219\" referrerpolicy=\"no-referrer\"></p><p>Bai Wenxi said that it has been nearly 30 years since China bid farewell to the ticket era, and the launch of Wuhan's \"room ticket\" touched and brought back people's memory of the era of insufficient supply and tickets everywhere in the planned economy era. As one of the industries with the highest public attention, real estate, which is still brewing, will probably be pushed into the \"hot search\".</p><p>Bai Wenxi believes that the room ticket itself is based on the system design of compressing demand by access control, thus changing the supply and demand relationship of the property market to prevent the property market from overheating. However, the regulation and control of the property market logically needs to start from both ends of supply and demand. While limiting and suppressing demand with quantitative tools and price tools, it is also necessary to balance the relationship between supply and demand by increasing market supply.</p><p>\"Therefore, if we really want to stabilize the relationship between supply and demand in the property market, we should try to reduce and eliminate all kinds of control measures at both ends of supply and demand, guide the allocation of resources and factors with the price mechanism, and reconstruct the relationship between supply and demand, let alone restore the tickets of the planned economy era.\" Bai Wenxi told Phoenix Network's Eye of the Storm.</p><p><img src=\"https://static.tigerbbs.com/b5109cefd2de75f41c0a1a0f3da6acbb\" tg-width=\"720\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p>Whether it is the policy of \"buying a house with room ticket\" issued by Wuhan this time, a series of regulatory policies on the real estate market issued by local governments this year, or the rumored \"real estate tax\" about to be introduced, do these mean that China's property market will usher in a big change?</p><p>Zhuge Housing Search Data Research Center told Phoenix Network's Eye of the Storm: \"The introduction of real estate tax may usher in another reshuffle of the real estate market.\"</p><p>\"From the current real estate policy adjustment, adhering to housing for living and not speculation is the main tone of China's real estate market. Under this principle, first of all, it is necessary to suppress the excessive rise of housing prices through policy regulation and promote the market to gradually return to the rational stage; Secondly, constantly improve and standardize the real estate market system, and timely crack down on some speculation on housing prices and policy loopholes to promote the healthy development of the real estate market; Third, tilt limited resources to just-needed groups to provide a more stable real estate environment for buyers. \"</p><p>Zhuge Housing Data Research Center believes that with the introduction of these policies, the interests of the real just-needed groups are guaranteed, and the mentality of buying houses is gradually rational, which plays a certain role in inhibiting the excessive rise of house prices. In the long run, housing prices in first-tier cities will tend to run smoothly after strict policy control.</p><p>Bai Wenxi believes that if the real estate tax is really introduced soon, it does mean that the real estate market will usher in a big change. However, in fact, the real estate tax has not been submitted for deliberation according to the legislative procedure, and it will not be introduced soon, and there is no timetable.</p><p>Bai Wenxi said that if these policies don't start with the expansion of the supply side, but only take measures such as quantitative tools to control the access of the demand side, such as room tickets, and price tools to control the demand side, such as mortgage ratio and interest rate, the result may just stop boiling, or even rise.</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>Behind \"buying a house with tickets\", is the big change in the property market really coming?</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\">\nBehind \"buying a house with tickets\", is the big change in the property market really coming?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/56\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/63f98f2e899d607a12011e4ecf9c0ac7);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">凤凰网港股 </p>\n<p class=\"h-time smaller\">2021-07-30 23:26</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>After the Spring Festival in 2021, the originally calm Wuhan property market suddenly became restless.</b></p><p>In just two months, the prices of China Construction Grand Mansion, Gemdale Green East County, Fanyue City and other properties on Guanshan Avenue in Optics Valley, Wuhan have risen from about 20,000 yuan/square meter to 30,000 yuan/square meter.</p><p>Behind the soaring house prices are investors from Shenzhen, Xuzhou, Zaozhuang and other places, taking advantage of Wuhan's relatively loose settlement policy and purchase restriction policy to \"speculate in real estate\" crazily.</p><p>At that time, Wuhan locals who suffered deeply told the media, \"I hate these foreign real estate speculators. When can the government strictly restrict purchases?\"</p><p>The people of Wuhan did not wait long. Three months later, on July 28th, Wuhan Housing Authority issued a draft for comments on strengthening the management of house purchase qualification. After the draft was released, the topic of \"Wuhan will implement buying a house with room tickets\" quickly caused heated discussion on the Internet.</p><p>Is Wuhan going to enter the era of \"buying a house with room tickets\"? Some people support this news, some people question it, and some people worry that \"real estate speculation\" will become \"real estate speculation ticket\".</p><p>However, no matter how you interpret it, the signal of \"tightening\" of the property market released by Wuhan is clear. In fact, Wuhan is not the only city that is \"tightening\" the property market policy.</p><p>Ifeng.com \"Eye of the Storm\" found that since 2021, local governments including Beijing, Shanghai, Guangzhou, Shenzhen and Hangzhou have issued stricter regulatory policies for the real estate market.</p><p>As the off-campus education and training industry ushers in subversive changes, many people can't help but ask:<b>Is the big change in China's property market coming?</b></p><p>Bai Wenxi, vice chairman of China Enterprise Capital Alliance and chief economist of IPG China, told Phoenix. com \"Eye of the Storm\": \"These policies will increase and enhance the difficulty and cost of buying houses for investment demand in the short term, thus suppressing the overheating of the property market to some extent. However, in the long run, if the actual market supply and demand relationship does not change, and the population, land and financial policies that affect housing prices do not change significantly, it will be difficult to have a substantial impact on housing prices.\"</p><p><img src=\"https://static.tigerbbs.com/93c9284d07634672a560d0f50a2e3314\" tg-width=\"1080\" tg-height=\"443\" referrerpolicy=\"no-referrer\"></p><p><b>01. What exactly is Wuhan's \"buying a house with tickets\"?</b></p><p>What does Wuhan's policy of \"buying a house with room ticket\", which has caused heated discussion on the Internet, stipulate in the end?</p><p>On July 28th, in order to adhere to the positioning of \"housing for living, not speculation\" and further strengthen the management of house purchase qualification in Wuhan, Wuhan Housing Authority issued the Notice of Municipal Housing Security and Housing Authority on Strengthening the Management of House Purchase Qualification (Draft for Comment), and publicly solicited opinions.</p><p><img src=\"https://static.tigerbbs.com/8db8d8c23e8cca1ee4ca8d5d15731bf9\" tg-width=\"1007\" tg-height=\"537\" referrerpolicy=\"no-referrer\"></p><p>According to the draft, in the application for house purchase qualification, intended buyers who meet the purchase restriction area can apply for house purchase qualification through the official platform or through developers and intermediaries.</p><p>The housing management departments of each district shall complete the house purchase qualification identification within 48 hours from the time of application, and feed back the identification results to the applicants. The house purchase qualification identification results shall be valid within 60 days from the date of issuance.</p><p>The \"Draft for Comments\" also requires that after the completion of the purchase registration, the results of the purchase qualification will be locked immediately, and the purchase registration will not be carried out again during the lockdown period. After the sale is opened, the purchase qualification result will be automatically unlocked.</p><p>Bai Wenxi told Phoenix Network's Eye of the Storm: \"The relevant idea of 'buying a house with tickets' in Wuhan is still in the stage of soliciting opinions. This is a proposed system design to strengthen the control of the property market and base on the qualification access of buyers.\"</p><p>Then, after the policy of \"buying a house with room ticket\" is introduced, what impact will it have on Wuhan's property market?</p><p>Zhuge Housing Search Data Research Center told Phoenix Network's Eye of the Storm: \"The policy of buying a house with tickets is a new patch policy of the previous policy, and it is also a supplement and improvement of the purchase restriction policy. To some extent, it can curb market chaos, play a positive role in regulating real estate market transactions, and effectively crack down on some developers who create false hot sales scenes, and to some extent, it can curb the phenomenon of real estate speculation.\"</p><p>Zhu Xiaohong, president of China Luxury House Research Institute, told Phoenix Network's Eye of the Storm: \"Buying a house with tickets is similar to the housing intervention in Hong Kong and South Korea. It is good to crack down on real estate speculation and control the excessive consumption of housing products, but to prevent 'using room tickets for personal gain' and 'buying and selling room tickets', we must ensure that the room tickets are given to the right person.\"</p><p>Bai Wenxi also expressed similar concerns. He said: \"On the surface, room tickets will control demand and crack down on real estate speculation, but in fact, they are carried out by suppressing demand and not increasing supply. If used improperly, it may aggravate the contradiction between supply and demand, lead to power corruption, and aggravate all kinds of disguised real estate speculation and underground real estate speculation.\"</p><p><b>02. Local governments have intensively introduced policies, and the signal of \"tightening\" is obvious</b></p><p>In fact, Wuhan's policy adjustment of house purchase qualification may have started as early as 2020.</p><p>In January last year, Wuhan implemented the whole process of commercial housing qualification verification online. Intended buyers can apply for qualification and inquire about the results through official website of Wuhan Housing Authority. If they pass the audit, they can get the audit information such as number and QR code. This information is valid for purchasing a house within 60 days, and they need to apply again after expiration.</p><p>It can be seen that as early as 2020, Wuhan has set up the prototype of the mechanism of \"buying a house with room tickets\". This draft for comments is also a supplement and improvement to the first-in-charge policy.</p><p>In addition to Wuhan, first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, second-and third-tier cities such as Jiaxing, Foshan and Wuxi, and central departments such as the Ministry of Housing and Urban-Rural Development have successively issued a series of policies to strengthen supervision of the real estate market.</p><p>On January 5th, in an interview with the media, Wang Menghui, Minister of Housing and Urban-Rural Development, reiterated the policy principles of adhering to housing for living without speculation and implementing the long-term mechanism of real estate, saying that in 2021, housing for living without speculation will remain the main policy tone and will not change, while the long-term mechanism will continue to be implemented and improved.</p><p>For example, Shanghai also made it clear in January that it would continue to implement the property tax pilot. At the same time, Shanghai also stipulates that in response to the phenomenon of \"fake divorce, real house purchase\", if a couple divorces, if either party purchases commercial housing within 3 years from the date of divorce, the number of housing units owned by them will be calculated according to the total number of households before divorce. Adjust the period of VAT levy and exemption. Increase the value-added tax exemption period for individual sales of housing from 2 years to 5 years.</p><p>In March, Xi' an also issued a new purchase restriction policy, stipulating that buyers who cheat or avoid the purchase restriction policy by \"holding on behalf\" will be included in the list of untrustworthy people who buy houses in our city, and are not allowed to buy houses within 5 years</p><p>In June, the Ministry of Finance, the Ministry of Natural Resources, the State Administration of Taxation and the People's Bank of China jointly issued a notice that four government non-tax revenues, including the income from the transfer of state-owned land use rights, would be transferred to the tax authorities for collection, which once caused heated discussions.</p><p>On July 23rd, eight departments, including the Ministry of Housing and Urban-Rural Development, the National Development and Reform Commission and the Ministry of Public Security, jointly issued a notice on continuous rectification and standardization of the order of the real estate market, which comprehensively standardized the order of the real estate market from four aspects: real estate development, housing sale, housing leasing and property services.</p><p>On July 30, the CBIRC held a system-wide 2021 mid-year work symposium and a symposium on discipline inspection and supervision (TV and telephone). The meeting emphasized that it is necessary to strictly implement the requirements of \"three lines and four files\" and the concentration of real estate loans, and prevent bank insurance funds from bypassing and illegally flowing into the real estate market.</p><p>According to the incomplete statistics of Fenghuang Wang's \"Eye of the Storm\", since January this year, local governments and relevant central departments have issued more than 40 supervision and control policies for the real estate market and its derivative services. The number and density are relatively rare in recent years.</p><p>Bai Wenxi told Phoenix Network's Eye of the Storm: \"There are three reasons for the current adjustment of real estate policy: the first is to prevent financial risks caused by real estate; The second is to reduce the total cost of economic operation represented by real estate under the internal circulation mode; The third is to reduce the pressure of living costs to enhance the willingness to have children and maintain the sustainable development of the population.\"</p><p><img src=\"https://static.tigerbbs.com/8a08ad922ffa471f7aea8f0400a29bb4\" tg-width=\"1080\" tg-height=\"1230\" referrerpolicy=\"no-referrer\"></p><p><b>03. Real estate companies \"no longer in the limelight\" share price pullback/retracement sharply</b></p><p>Policy changes also directly affect listed companies in the real estate industry.</p><p>Benefiting from the rapid development of China's real estate market in recent years, a large number of giant listed real estate companies have been born in China, and real estate enterprises were once regarded as a symbol of \"no bad money\".</p><p>Wang Jianlin, chairman of Wanda, has died<a href=\"https://laohu8.com/S/BEKE\">Shell</a>Chairman Zuo Hui and other real estate tycoons have ascended the throne of \"the richest man\".</p><p>However, with the state beginning to regulate the \"overheated\" real estate market and the introduction of a series of strict regulatory policies, these listed real estate companies have also encountered the problem of \"turning around in a disaster\", and problems such as capital chain break, income decline, stock price decline and high debt have also followed.</p><p>In August last year, the Ministry of Housing and Urban-Rural Development and the People's Bank of China held a symposium on key real estate enterprises in Beijing, clarifying the fund monitoring and financing management rules of key real estate enterprises, which are the \"three red lines\" that have been rumored many times in the industry before.</p><p>According to the incomplete statistics of Fenghuang Wang's \"Eye of the Storm\", more than half of the 40 leading real estate companies listed in Hong Kong stocks and A shares have their share prices exceeding 30% from the highest point of pullback/retracement within 52 weeks.</p><p><img src=\"https://static.tigerbbs.com/face4ce6faa97c257718c9108ee3c3b8\" tg-width=\"1080\" tg-height=\"1003\" referrerpolicy=\"no-referrer\"></p><p>In fact, in the collective \"big dive\" of A-shares on Monday and Tuesday, out of worries about the policy supervision of the real estate market, A-share real estate stocks also plummeted collectively.<a href=\"https://laohu8.com/S/000718\">Suning Global</a>、<a href=\"https://laohu8.com/S/600773\">Tibet Chengtou</a>It once fell by more than 10%.</p><p><img src=\"https://static.tigerbbs.com/0dfca5e8a01f143057cf5d1f41a95b53\" tg-width=\"324\" tg-height=\"459\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>04. Is the big change in the property market coming?</b></p><p>Wuhan's policy of \"buying a house with room tickets\" also reminds many people of \"food stamps\" and \"meat stamps\" in the era of planned economy. So, does \"buying a house with room tickets\" really mean returning to the era of planned economy? Will other cities follow up?</p><p><img src=\"https://static.tigerbbs.com/cb31adddcc3e0bf4814fad90b355b71b\" tg-width=\"1080\" tg-height=\"219\" referrerpolicy=\"no-referrer\"></p><p>Bai Wenxi said that it has been nearly 30 years since China bid farewell to the ticket era, and the launch of Wuhan's \"room ticket\" touched and brought back people's memory of the era of insufficient supply and tickets everywhere in the planned economy era. As one of the industries with the highest public attention, real estate, which is still brewing, will probably be pushed into the \"hot search\".</p><p>Bai Wenxi believes that the room ticket itself is based on the system design of compressing demand by access control, thus changing the supply and demand relationship of the property market to prevent the property market from overheating. However, the regulation and control of the property market logically needs to start from both ends of supply and demand. While limiting and suppressing demand with quantitative tools and price tools, it is also necessary to balance the relationship between supply and demand by increasing market supply.</p><p>\"Therefore, if we really want to stabilize the relationship between supply and demand in the property market, we should try to reduce and eliminate all kinds of control measures at both ends of supply and demand, guide the allocation of resources and factors with the price mechanism, and reconstruct the relationship between supply and demand, let alone restore the tickets of the planned economy era.\" Bai Wenxi told Phoenix Network's Eye of the Storm.</p><p><img src=\"https://static.tigerbbs.com/b5109cefd2de75f41c0a1a0f3da6acbb\" tg-width=\"720\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p>Whether it is the policy of \"buying a house with room ticket\" issued by Wuhan this time, a series of regulatory policies on the real estate market issued by local governments this year, or the rumored \"real estate tax\" about to be introduced, do these mean that China's property market will usher in a big change?</p><p>Zhuge Housing Search Data Research Center told Phoenix Network's Eye of the Storm: \"The introduction of real estate tax may usher in another reshuffle of the real estate market.\"</p><p>\"From the current real estate policy adjustment, adhering to housing for living and not speculation is the main tone of China's real estate market. Under this principle, first of all, it is necessary to suppress the excessive rise of housing prices through policy regulation and promote the market to gradually return to the rational stage; Secondly, constantly improve and standardize the real estate market system, and timely crack down on some speculation on housing prices and policy loopholes to promote the healthy development of the real estate market; Third, tilt limited resources to just-needed groups to provide a more stable real estate environment for buyers. \"</p><p>Zhuge Housing Data Research Center believes that with the introduction of these policies, the interests of the real just-needed groups are guaranteed, and the mentality of buying houses is gradually rational, which plays a certain role in inhibiting the excessive rise of house prices. In the long run, housing prices in first-tier cities will tend to run smoothly after strict policy control.</p><p>Bai Wenxi believes that if the real estate tax is really introduced soon, it does mean that the real estate market will usher in a big change. However, in fact, the real estate tax has not been submitted for deliberation according to the legislative procedure, and it will not be introduced soon, and there is no timetable.</p><p>Bai Wenxi said that if these policies don't start with the expansion of the supply side, but only take measures such as quantitative tools to control the access of the demand side, such as room tickets, and price tools to control the demand side, such as mortgage ratio and interest rate, the result may just stop boiling, or even rise.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c3c5822c22b6cfd1d0ae2625b7bc085e","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198370900","content_text":"2021年春节过后，原本平静的武汉楼市突然躁动起来。\n短短两个月的时间里，武汉光谷关山大道的中建大公馆、金地格林东郡、泛悦城等楼盘，从2万元/平方米左右的价格，涨到了3、4万元/平方米。\n而房价飞涨的背后，是来自深圳、徐州、枣庄等地的投资客们，利用武汉市相对宽松的落户政策和限购政策，疯狂“炒房”。\n当时，深受其害的武汉当地人对媒体表示：“恨死了这些外地炒房客，政府啥时候能严格限购啊？”\n武汉人民并未等太久。3个月后，7月28日，武汉市房管局发布了关于加强购房资格管理的征求意见稿。意见稿发布后，“武汉将实施凭房票买房”的话题也迅速在网络上引起热议。\n武汉要进入“凭房票买房”时代了？对这个消息，有人支持，有人质疑，还有人担心“炒房”会变成“炒房票”。\n不过，无论如何解读，武汉释放出的楼市“收紧”的信号则是明确的。实际上，正在“收紧”楼市政策的不止武汉一个城市。\n凤凰网《风暴眼》发现，进入2021年以来，包括北京、上海、广州、深圳、杭州等在内的地方政府，都发布了针对房地产市场的更为严格的监管政策。\n随着校外教培行业迎来颠覆式的大变革，很多人也不禁发问：中国楼市的大变革，也要来了吗？\n中国企业资本联盟副理事长、IPG中国首席经济学家柏文喜对凤凰网《风暴眼》表示：“这些政策在短期内会加大和提升投资性需求的购房难度与成本，从而从一定程度上抑制楼市过热问题。但长期来看，如果实际的市场供求关系不改变，影响房价的人口、土地、金融政策不作大的改变，则很难对房价产生实质性影响。”\n\n01、武汉的“凭票买房”，到底是什么？\n在网上引起热议的武汉“凭房票买房”的政策，到底规定了哪些内容呢？\n7月28日，为坚持“房住不炒”定位，进一步加强武汉市购房资格管理工作，武汉市房管局发布《市住房保障房管局关于加强购房资格管理工作的通知（征求意见稿）》，并公开征求意见。\n\n根据意见稿，在购房资格申请上，符合限购区域购买住房的意向购房人可通过官方平台或者通过开发商和中介机构申请购房资格。\n各区房管部门在申请之时起48个小时内完成购房资格认定，并将认定结果反馈给申请人，购房资格认定结果自出具之日起60日内有效。\n《征求意见稿》还要求，购房登记完成后，购房资格认定结果即时锁定，锁定期间不得再次进行购房登记。开盘销售后，购房资格认定结果自动解除锁定。\n柏文喜对凤凰网《风暴眼》表示：“武汉‘凭票买房’的相关设想目前尚处于征求意见阶段，这是为加强楼市管控、立足于购房者资格准入提出的拟意中的制度设计。”\n那么，“凭房票购房”的政策出台后，会对武汉的楼市造成哪些影响呢？\n诸葛找房数据研究中心对凤凰网《风暴眼》表示：“凭票买房政策，是前期政策的一个打补丁新政，也是对限购政策的补充完善，一定程度上可以遏制市场乱象，对规范房地产市场交易有着积极作用，较有力地打击了部分制造虚假热售场面的开发商，一定程度上可以抑制炒房现象。”\n中国豪宅研究院院长朱晓红对凤凰网《风暴眼》表示：“凭票买房与香港、韩国的住房干预有异曲同工之处。对打击炒房，控制过度消费住房产品有好处，但要防止‘以房票谋私’和‘房票买卖’，一定要确保房票给对人。”\n柏文喜也表达了类似的担忧，他表示：“房票表面上会控制需求和打击炒房，但实际上是通过压抑需求和不增加供给进行的，如果运用不当，可能反而会加剧供求矛盾，引发权力腐败、加剧各类变相炒房和地下炒房等行为。”\n02、地方政府密集出台政策，“收紧”信号明显\n实际上，武汉市对于购房资格的政策调整，可能早在2020年就已经开始了。\n去年1月，武汉实行了商品房资格核查全程网办，意向购房者可通过武汉市房管局官网申请资格并查询结果，如果通过审核，即可获取编号和二维码等审核资料信息，该资料60日内购房有效，过期需重新申请。\n可以看出，早在2020年武汉市就已搭建出“凭房票买房”的机制雏形。而此次的征求意见稿，也是对先关政策的补充和完善。\n而除了武汉外，北上广深等一线城市，嘉兴、佛山、无锡等二三线城市，以及住建部等中央部门，也都陆续发布了一系列政策来对房地产市场加强监管。\n1月5日，住建部部长王蒙徽在接受媒体采访时，重申了坚持房住不炒，落实房地产长效机制等政策原则，表示2021年房住不炒仍然作为政策主基调不改变，同时长效机制不断落实完善的信号。\n例如，上海市也在1月份明确继续实施房产税试点。同时，上海市还针对“假离婚，真购房”现象，规定：夫妻离异的，任何一方自夫妻离异之日起3年内购买商品住房的，其拥有住房套数按离异前家庭总套数计算。调整增值税征免年限。将个人对外销售住房增值税征免年限从2年提高至5年。\n3月，西安也发布限购新政，规定购房人骗取或通过“代持”方式规避限购政策的，其本人及“代持人”将列入我市购房失信人员名册，5年内不得购房\n6月，财政部、自然资源部、税务总局、人民银行联合发布通知，国有土地使用权出让收入等四项政府非税收入将划转税务部门征收，一度引起热议。\n7月23日，住建部、发改委、公安部等八部门共同发布关于持续整治规范房地产市场秩序的通知，从房地产开发、房屋买卖、住房租赁以及物业服务四个方面切入，对房地产市场秩序进行全面规范。\n7月30日，银保监会召开全系统2021年年中工作座谈会暨纪检监察工作（电视电话）座谈会。会议强调，要严格执行“三线四档”和房地产贷款集中度要求，防止银行保险资金绕道违规流入房地产市场。\n据凤凰网《风暴眼》不完全统计，从今年1月至今，各地政府和中央相关部门共发布了超过40项针对房地产市场以及其衍生服务的监管和调控政策。数量之多，密度之大，在近年来都是比较罕见的。\n柏文喜对凤凰网《风暴眼》表示：“目前针对房地产政策的调整的原因有三个：第一是防范房地产引发的金融风险问题；第二是内循环模式下需要降低以房地产为代表的经济运行总成本；第三是提升生育意愿和保持人口可持续发展需要降低居住成本压力。”\n\n03、地产公司“风头不再” 股价大幅回撤\n政策的变化，也直接影响到了地产行业的上市公司身上。\n受益于中国房地产市场近年来的快速发展，中国也诞生了一大批巨无霸类的地产上市公司，地产企业也一度被视为“不差钱”的象征。\n万达董事长王健林、已经去世的贝壳董事长左晖等地产大亨们，都曾登上过“首富”的宝座。\n然而随着国家开始对“过热”的房地产市场进行调控，以及一系列严格的监管政策的出台，这些地产上市公司也纷纷遭遇了“船大难掉头”的难题，资金链断裂、收入下滑、股价下跌、高额负债等问题也随之而来。\n去年8月，住房城乡建设部、人民银行在北京召开重点房地产企业座谈会，明确了重点房地产企业资金监测和融资管理规则，也就是此前业内多次传闻的“三条红线”。\n据凤凰网《风暴眼》不完全统计，在港股和A股上市的40家头部地产公司中，有一半以上的公司股价在52周内距最高点回撤超过30%。\n\n事实上，就在本周一、周二的A股集体“大跳水”中，出于对房地产市场政策监管的担忧情绪，A股地产股也集体大跌，苏宁环球、西藏城投一度跌超10%。\n\n04、楼市的大变革，要来了吗\n武汉“凭房票买房”政策，也让很多人联想到了计划经济时代的“粮票”、“肉票”。那么，“凭房票购房”，是否真的意味着回到计划经济时代？是否又会引发其他城市跟进？\n\n柏文喜表示，中国告别票证时代已近三十年了，而武汉“房票”的推出触碰和勾起了了人们对计划经济年代供给不足、处处票证的时代记忆，房地产作为公众关注度最高的行业之一，尚在酝酿之中的武汉“房票”事件大概率会被推上“热搜”。\n柏文喜认为，房票本身是立足于以准入管制来压缩需求，进而改变楼市供求关系以防止楼市过热的制度设计。但是楼市调控逻辑上需要从供求两端着手，在以数量工具与价格工具限制与压抑需求的同时，还要通过增加市场供给来平衡供求关系。\n“因此，真正要平抑楼市供求关系的话，则要尽量减少和消除供求两端的各类管制措施，以价格机制引导资源和要素配置并重构供求关系，更不能恢复计划经济时代的票证。”柏文喜对凤凰网《风暴眼》表示。\n\n无论是武汉市此次出台的“凭房票买房”的政策，还是今年以来各地政府出台的一系列对房地产市场的监管政策，抑或是传闻中即将出台的“房地产税”，这些是否意味着中国楼市将迎来一次大变革呢？\n诸葛找房数据研究中心对凤凰网《风暴眼》表示：“房地产税的出台，或将迎来房地产市场的又一次洗牌。”\n“从目前房地产政策调整来看，坚持房住不炒是我国房地产市场的主基调。在此原则之下，首先需通过政策调控抑制房价上涨过快，促进市场逐渐回归理性阶段；其次，不断完善和规范房地产市场体系，对一些炒作房价、钻政策空子的行为及时进行打击，促进房地产市场健康发展；第三，将有限的资源向刚需群体倾斜，为购房者提供一个更为稳定的房地产环境。”\n诸葛找房数据研究中心认为，随着这些政策出台，真正的刚需群体利益得到保障，购房心态也逐渐理性，对房价过快上涨起到一定的抑制作用。长期来看，一线城市房价在经过严格的政策调控后，房价将趋于平稳运行。\n柏文喜认为，如果房产税真的很快出台，确实意味着房地产市场将迎来一次大变革，但是事实上房地产税按照立法程序尚未提交审议，是不会很快出台，也没有时间表的。\n柏文喜表示，这些政策如果不是从扩大供给端入手，而是仅仅采取控制需求端准入的数量工具如房票、控制需求端的价格工具如按揭成数与利率等措施，结果可能只是扬汤止沸，甚至越调越涨。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3756,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163664076,"gmtCreate":1623883600395,"gmtModify":1703822214254,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163664076","repostId":"1109204514","repostType":4,"repost":{"id":"1109204514","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":1623866545,"share":"https://ttm.financial/m/news/1109204514?lang=en_US&edition=fundamental","pubTime":"2021-06-17 02:02","market":"sh","language":"zh","title":"Fed Dot Plot: Median Expectations Fed Will rate hike Twice By End Of 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=1109204514","media":"老虎资讯综合","summary":"虽然依然保持近零利率和QE购债规模不变，但本周美联储会议释放了两年后、即2023年较有可能加息不止一次的明显信号。\n美东时间6月16日周三，美联储会后公布，联储货币政策委员会FOMC的委员一致同意，将","content":"<p>Although the near-zero interest rate and the scale of QE bond purchases remain unchanged, this week's Fed meeting released an obvious signal that two years later, that is, 2023, is more likely to rate hike more than once.</p><p>On Wednesday, June 16th, Eastern Time, the Federal Reserve announced after the meeting that the members of the FOMC Monetary Policy Committee of the Federal Reserve unanimously agreed to keep the target level of the policy interest rate Federal Funds rate unchanged at 0-0.25%, in line with market expectations, while maintaining the excess reserve rate (IOER) and discount rate at 0.10% and 0.25% respectively.</p><p>Like the previous eight post-meeting statements, the Fed continues to pledge to use \"all the scope\" of the Fed's policy tools to support the U.S. economy.</p><p>The dot plot released after the meeting shows that, like the last dot plot released in March this year, all Fed officials expect interest rates to remain unchanged this year, and for a longer period after 2023, most Fed officials expect interest rates to rise to 2.5%, higher than the Fed's long-term target of 2%. Different from the last dot plot:</p><p><ul><li>Of the 18 officials who released expectations,<b>This time, 7 people are expected to rate hike in 2022</b>Three more people than the previous expected number,<b>The number accounts for nearly 40%.</b></li><li>Among the 18 people this time,<b>13 people are expected to meet in rate hike in 2023, accounting for more than 72%</b>, six more than the last expected 2023 rate hike<b>。</b></li><li><b>Of those 13 who expect to raise rates in 2023, 11 expect rates to exceed 0.5% by then,</b>Number of persons<b>Accounting for more than 61%</b>Five more people than expected last time,<b>Five people expect interest rates to exceed 1% by then</b>Three more than expected last time, the number of<b>Accounting for nearly 30%</b>。</li></ul>Which means,<b>If a rate hike of 25 basis points at a time</b>, then,<b>More than 60 percent of officials this time expect the Fed to have at least two rate hike by the end of 2023 on its current basis</b>。</p><p>After the FOMC decision was announced at 2 pm in the East of the United States, the yield of 10-year U.S. bonds rose above 1.50% and 1.51%, turning up and rising by nearly 2 basis points during the day. The decline of U.S. stocks widened, with the Dow falling nearly 370 points or more than 1%, the S&P 500 falling nearly 1% and the Nasdaq falling 0.7%. Five minutes later, the Dow's losses narrowed slightly to 285, with the S&P 500 and Nasdaq both down 0.7%. Gold and silver dived, and spot gold fell by 0.5% again in the day and fell below $1,850, falling over $10 in the short term. Bitcoin narrowed its decline, returning to above $39,000, and the US Dollar Index rose above the 90.70 and 90.80 barriers, setting a one-month high.</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>Fed Dot Plot: Median Expectations Fed Will rate hike Twice By End Of 2023</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\">\nFed Dot Plot: Median Expectations Fed Will rate hike Twice By End Of 2023\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-17 02:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Although the near-zero interest rate and the scale of QE bond purchases remain unchanged, this week's Fed meeting released an obvious signal that two years later, that is, 2023, is more likely to rate hike more than once.</p><p>On Wednesday, June 16th, Eastern Time, the Federal Reserve announced after the meeting that the members of the FOMC Monetary Policy Committee of the Federal Reserve unanimously agreed to keep the target level of the policy interest rate Federal Funds rate unchanged at 0-0.25%, in line with market expectations, while maintaining the excess reserve rate (IOER) and discount rate at 0.10% and 0.25% respectively.</p><p>Like the previous eight post-meeting statements, the Fed continues to pledge to use \"all the scope\" of the Fed's policy tools to support the U.S. economy.</p><p>The dot plot released after the meeting shows that, like the last dot plot released in March this year, all Fed officials expect interest rates to remain unchanged this year, and for a longer period after 2023, most Fed officials expect interest rates to rise to 2.5%, higher than the Fed's long-term target of 2%. Different from the last dot plot:</p><p><ul><li>Of the 18 officials who released expectations,<b>This time, 7 people are expected to rate hike in 2022</b>Three more people than the previous expected number,<b>The number accounts for nearly 40%.</b></li><li>Among the 18 people this time,<b>13 people are expected to meet in rate hike in 2023, accounting for more than 72%</b>, six more than the last expected 2023 rate hike<b>。</b></li><li><b>Of those 13 who expect to raise rates in 2023, 11 expect rates to exceed 0.5% by then,</b>Number of persons<b>Accounting for more than 61%</b>Five more people than expected last time,<b>Five people expect interest rates to exceed 1% by then</b>Three more than expected last time, the number of<b>Accounting for nearly 30%</b>。</li></ul>Which means,<b>If a rate hike of 25 basis points at a time</b>, then,<b>More than 60 percent of officials this time expect the Fed to have at least two rate hike by the end of 2023 on its current basis</b>。</p><p>After the FOMC decision was announced at 2 pm in the East of the United States, the yield of 10-year U.S. bonds rose above 1.50% and 1.51%, turning up and rising by nearly 2 basis points during the day. The decline of U.S. stocks widened, with the Dow falling nearly 370 points or more than 1%, the S&P 500 falling nearly 1% and the Nasdaq falling 0.7%. Five minutes later, the Dow's losses narrowed slightly to 285, with the S&P 500 and Nasdaq both down 0.7%. Gold and silver dived, and spot gold fell by 0.5% again in the day and fell below $1,850, falling over $10 in the short term. Bitcoin narrowed its decline, returning to above $39,000, and the US Dollar Index rose above the 90.70 and 90.80 barriers, setting a one-month high.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a1de7aced7748879f251930783a3cb1","relate_stocks":{".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109204514","content_text":"虽然依然保持近零利率和QE购债规模不变，但本周美联储会议释放了两年后、即2023年较有可能加息不止一次的明显信号。\n美东时间6月16日周三，美联储会后公布，联储货币政策委员会FOMC的委员一致同意，将政策利率联邦基金利率的目标水平保持在0-0.25%不变，符合市场预期，同时将超额准备金利率（IOER）和贴现利率仍分别维持在0.10%和0.25%。\n和前八次会后声明一样，美联储继续承诺，将为了支持美国经济而运用联储“所有范围”的政策工具。\n会后公布的点阵图显示，和今年3月上次发布的点阵图一样，所有美联储官员均预计今年利率保持不变，在2023年之后的更长时间内，多数联储官员预计利率会升至2.5%，高于联储长期目标2%。不同于上次点阵图的是：\n\n在18名发布预期的官员中，本次有7人预计2022年将加息，比上次这样预期的人数多3人，人数占比将近40%。\n本次18人中有13人预计2023年会加息，人数占比超过72%，比上次预期2023年加息者多6人。\n在预计2023年加息的这13人中，有11人预计届时利率将超过0.5%，人数占比超过61%，比上次这样预期者多5人，预计届时利率超过1%的有5人，比上次这样预期者多3人，人数占比将近30%。\n\n这意味着，若一次加息25个基点，那么，本次有六成以上的多数官员都预计，到2023年末，美联储将在当前基础上至少两次加息。\n在美东下午2点FOMC决策公布后，10年期美债收益率升破1.50%和1.51%两道关口，日内转涨并升近2个基点。美股跌幅扩大，道指跌近370点或超1%，标普500指数跌近1%，纳指跌0.7%。5分钟后，道指跌幅小幅收窄至285点，标普500指数和纳指均跌0.7%。金银跳水，现货黄金日内重新下跌0.5%并失守1850美元，短线跌超10美元。比特币跌幅收窄，重回3.9万美元上方，美元指数升破90.70和90.80两道关口，刷新一个月高位。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189506898,"gmtCreate":1623280598514,"gmtModify":1704199806595,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/189506898","repostId":"2142824851","repostType":4,"repost":{"id":"2142824851","kind":"news","pubTimestamp":1623274459,"share":"https://ttm.financial/m/news/2142824851?lang=en_US&edition=fundamental","pubTime":"2021-06-10 05:34","market":"sh","language":"zh","title":"Foreign Media Headlines: US SEC Chairman Proposes a Broad Assessment of Stock Trading Rules","url":"https://stock-news.laohu8.com/highlight/detail?id=2142824851","media":"新浪财经","summary":"麦朴思表示，必须密切关注央行的举动。美国证券交易委员会主席提议对股票交易规则进行广泛评估华尔街的最高监管机构呼吁对美国股票市场交易规则进行一次广泛评估。美国证券交易委员会主席Gary Gensler周三表示，他要求该机构的工作人员审查与股票交易相关的一系列问题，包括所谓以最佳条件执行交易的要求。他还表示，股票交易结算流程可以缩短到同一天。此前，美元的疲软推动MSCI新兴市场货币指数创历史新高。","content":"<p><b>The headlines that the global financial media paid common attention to last night and this morning mainly include:</b></p><p><b>1. \"Godfather of Emerging Markets\": \"Confusion and disorientation\" lead to a \"crazy\" trend in the market</b><b>2. Unexpected rise in U.S. wages Another reason to worry about inflation</b><b>3. Bitcoin has a long way to go before it becomes \"digital gold\"</b><b>4. SEC Chairman Proposes Broad Evaluation of Stock Trading Rules</b><b>5, Kramer: meme Stocks 'Should Be in Casinos' Not Wall Street</b><b>6. It is time to bullish emerging market currencies during the calm period of foreign exchange market</b><img src=\"https://static.tigerbbs.com/fd7d81f970caefa3d5cd2178ddbc23d2\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><b>'Godfather of emerging markets': 'Confusion and disorientation' lead to 'crazy' moves in markets</b></p><p>Mark Mobius, the \"godfather of emerging markets\", warned that market volatility and what central banks do next must be watched \"very carefully\" and argued that the \"frenzied movement\" of assets such as Bitcoin was driven by \"disorientation and confusion\".</p><p>As the economy recovers from Covid and inflation levels rise, markets are<a href=\"https://laohu8.com/S/CNBC\">Central Bank</a>In particular, speculation has been rife for months about when the Fed might start tapering its asset purchases. Mr Mepus said the central bank's moves must be closely monitored.</p><p>\"I think any pullback in the money supply due to the central bank's withdrawal from easing policy is very bad for the market. So I think this must be observed very carefully,\" Mepus said. \"We are in a very uncertain period, that's for sure\".<img src=\"https://static.tigerbbs.com/0176e073727c80bb512179a896c4837f\" tg-width=\"550\" tg-height=\"291\" referrerpolicy=\"no-referrer\"><b>Unexpected rise in U.S. wage levelsAnother reason to worry about inflation</b></p><p>The unexpected rise in U.S. wages has given financial markets new reasons to worry about inflation.</p><p>Many policymakers and economists see the price spike as temporary, in part because they did not expect such high wage increases. Over the past years, the relative growth of new capital among low-income people has stagnated.</p><p>Employment in the United States now remains well below pre-pandemic levels, and most jobs currently created are in low-wage industries, such as restaurants and tourism.</p><p>But last week's employment report showed average hourly wages were higher than expected for the second straight month. Labor supply has proven to be substantially inadequate regardless of unemployment figures, prompting many employers to raise wages or issue bonuses to attract talent.<img src=\"https://static.tigerbbs.com/7446995499804ec7176aab7dbe841740\" tg-width=\"550\" tg-height=\"363\" referrerpolicy=\"no-referrer\"><b>Bitcoin has a long road ahead to become \"digital gold\"</b></p><p>It seems that Bitcoin is not enough to act as \"digital gold\"-a stable modern way to store wealth and hedge against economic trends.</p><p>Volatility remains high on Bitcoin, with prices falling sharply, from a mid-April high of about $63,000 to about $35,000 today. Its volatility far exceeds the movement of gold, while price movements in Bitcoin are largely irregular. This means that the digital token isn't as good as gold in hedging.</p><p>Some believe that this irregular movement in Bitcoin is advantageous because it lacks correlation and may be an excellent portfolio diversification choice. But when looking for safe haven assets, it is a bad choice.<img src=\"https://static.tigerbbs.com/dd0d306860b243186c6876684697f692\" tg-width=\"550\" tg-height=\"364\" referrerpolicy=\"no-referrer\"><b>SEC Chair Proposes Broad Assessment of Stock Trading Rules</b></p><p>Wall Street's top regulator has called for a broad review of trading rules in the U.S. stock market.</p><p>Securities and Exchange Commission Chairman Gary Gensler said Wednesday that he asked the agency's staff to review a range of issues related to stock trading, including the so-called requirement to execute trades on optimal terms. He also said the stock transaction settlement process could be shortened to the same day.</p><p>\"I believe that shortening the standard settlement cycle can reduce costs and risks in our market,\" he said in a speech prepared for the Piper Sandler Global Exchange and Fintech Conference.<img src=\"https://static.tigerbbs.com/a969b09f89902d657ab0d88f0be2a432\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><b>Kramer: meme Stocks 'Should Be In Casinos' Not Wall Street</b></p><p>Jim Cramer, a financial media celebrity, said Wednesday that trading meme stocks is more like gambling than investing.</p><p>\"They're exciting, they're fun, and they're real,\" Kramer said. However, \"If you're going to play, I think you can go to a casino. These should be offered at a casino. Why are they listed on the NYSE?\"</p><p>The retail trading frenzy that began in January has recently returned to the market spotlight.<a href=\"https://laohu8.com/S/AMC\">AMC Cinema</a>, Bed Bath & Beyond and<a href=\"https://laohu8.com/S/BBRY\">Blackberry</a>Recently, stocks have soared sharply again, while Clean Energy Fuels and Clover Health, the new favorites of WSB concept stocks, both rose by more than 30% today.</p><p>\"They want to buy everything…You have to try to figure out which (meme stock) is next,\" Kramer said.<img src=\"https://static.tigerbbs.com/7d0b176db791bc7695bd0a82fe54dde3\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"><b>Time to be bullish on emerging market currencies in a calm period for forex markets</b></p><p>As US interest rates fall and market volatility plummets, rising emerging market currencies will come naturally.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Indicators of expected volatility in developing and G7 currencies fell to their lowest level since September on Tuesday, boding well for risky assets. The U.S. 10-year Treasury Bond yield fell below 1.5% on Wednesday.</p><p>Includes<a href=\"https://laohu8.com/S/C\">Citigroup</a>And<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Including banks are predicting further gains in emerging market currencies. This comes after the weakness of the US dollar drove the MSCI Emerging Markets Currencies Index to a record high. While the U.S. inflation data on Thursday may provide clues as to when the Fed will start downsizing, market pricing suggests no policy action is expected from the Fed at its June 16 meeting.</p>","source":"sina_symbol","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>Foreign Media Headlines: US SEC Chairman Proposes a Broad Assessment of Stock Trading Rules</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\">\nForeign Media Headlines: US SEC Chairman Proposes a Broad Assessment of Stock Trading Rules\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-06-10 05:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>The headlines that the global financial media paid common attention to last night and this morning mainly include:</b></p><p><b>1. \"Godfather of Emerging Markets\": \"Confusion and disorientation\" lead to a \"crazy\" trend in the market</b><b>2. Unexpected rise in U.S. wages Another reason to worry about inflation</b><b>3. Bitcoin has a long way to go before it becomes \"digital gold\"</b><b>4. SEC Chairman Proposes Broad Evaluation of Stock Trading Rules</b><b>5, Kramer: meme Stocks 'Should Be in Casinos' Not Wall Street</b><b>6. It is time to bullish emerging market currencies during the calm period of foreign exchange market</b><img src=\"https://static.tigerbbs.com/fd7d81f970caefa3d5cd2178ddbc23d2\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><b>'Godfather of emerging markets': 'Confusion and disorientation' lead to 'crazy' moves in markets</b></p><p>Mark Mobius, the \"godfather of emerging markets\", warned that market volatility and what central banks do next must be watched \"very carefully\" and argued that the \"frenzied movement\" of assets such as Bitcoin was driven by \"disorientation and confusion\".</p><p>As the economy recovers from Covid and inflation levels rise, markets are<a href=\"https://laohu8.com/S/CNBC\">Central Bank</a>In particular, speculation has been rife for months about when the Fed might start tapering its asset purchases. Mr Mepus said the central bank's moves must be closely monitored.</p><p>\"I think any pullback in the money supply due to the central bank's withdrawal from easing policy is very bad for the market. So I think this must be observed very carefully,\" Mepus said. \"We are in a very uncertain period, that's for sure\".<img src=\"https://static.tigerbbs.com/0176e073727c80bb512179a896c4837f\" tg-width=\"550\" tg-height=\"291\" referrerpolicy=\"no-referrer\"><b>Unexpected rise in U.S. wage levelsAnother reason to worry about inflation</b></p><p>The unexpected rise in U.S. wages has given financial markets new reasons to worry about inflation.</p><p>Many policymakers and economists see the price spike as temporary, in part because they did not expect such high wage increases. Over the past years, the relative growth of new capital among low-income people has stagnated.</p><p>Employment in the United States now remains well below pre-pandemic levels, and most jobs currently created are in low-wage industries, such as restaurants and tourism.</p><p>But last week's employment report showed average hourly wages were higher than expected for the second straight month. Labor supply has proven to be substantially inadequate regardless of unemployment figures, prompting many employers to raise wages or issue bonuses to attract talent.<img src=\"https://static.tigerbbs.com/7446995499804ec7176aab7dbe841740\" tg-width=\"550\" tg-height=\"363\" referrerpolicy=\"no-referrer\"><b>Bitcoin has a long road ahead to become \"digital gold\"</b></p><p>It seems that Bitcoin is not enough to act as \"digital gold\"-a stable modern way to store wealth and hedge against economic trends.</p><p>Volatility remains high on Bitcoin, with prices falling sharply, from a mid-April high of about $63,000 to about $35,000 today. Its volatility far exceeds the movement of gold, while price movements in Bitcoin are largely irregular. This means that the digital token isn't as good as gold in hedging.</p><p>Some believe that this irregular movement in Bitcoin is advantageous because it lacks correlation and may be an excellent portfolio diversification choice. But when looking for safe haven assets, it is a bad choice.<img src=\"https://static.tigerbbs.com/dd0d306860b243186c6876684697f692\" tg-width=\"550\" tg-height=\"364\" referrerpolicy=\"no-referrer\"><b>SEC Chair Proposes Broad Assessment of Stock Trading Rules</b></p><p>Wall Street's top regulator has called for a broad review of trading rules in the U.S. stock market.</p><p>Securities and Exchange Commission Chairman Gary Gensler said Wednesday that he asked the agency's staff to review a range of issues related to stock trading, including the so-called requirement to execute trades on optimal terms. He also said the stock transaction settlement process could be shortened to the same day.</p><p>\"I believe that shortening the standard settlement cycle can reduce costs and risks in our market,\" he said in a speech prepared for the Piper Sandler Global Exchange and Fintech Conference.<img src=\"https://static.tigerbbs.com/a969b09f89902d657ab0d88f0be2a432\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><b>Kramer: meme Stocks 'Should Be In Casinos' Not Wall Street</b></p><p>Jim Cramer, a financial media celebrity, said Wednesday that trading meme stocks is more like gambling than investing.</p><p>\"They're exciting, they're fun, and they're real,\" Kramer said. However, \"If you're going to play, I think you can go to a casino. These should be offered at a casino. Why are they listed on the NYSE?\"</p><p>The retail trading frenzy that began in January has recently returned to the market spotlight.<a href=\"https://laohu8.com/S/AMC\">AMC Cinema</a>, Bed Bath & Beyond and<a href=\"https://laohu8.com/S/BBRY\">Blackberry</a>Recently, stocks have soared sharply again, while Clean Energy Fuels and Clover Health, the new favorites of WSB concept stocks, both rose by more than 30% today.</p><p>\"They want to buy everything…You have to try to figure out which (meme stock) is next,\" Kramer said.<img src=\"https://static.tigerbbs.com/7d0b176db791bc7695bd0a82fe54dde3\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"><b>Time to be bullish on emerging market currencies in a calm period for forex markets</b></p><p>As US interest rates fall and market volatility plummets, rising emerging market currencies will come naturally.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Indicators of expected volatility in developing and G7 currencies fell to their lowest level since September on Tuesday, boding well for risky assets. The U.S. 10-year Treasury Bond yield fell below 1.5% on Wednesday.</p><p>Includes<a href=\"https://laohu8.com/S/C\">Citigroup</a>And<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Including banks are predicting further gains in emerging market currencies. This comes after the weakness of the US dollar drove the MSCI Emerging Markets Currencies Index to a record high. While the U.S. inflation data on Thursday may provide clues as to when the Fed will start downsizing, market pricing suggests no policy action is expected from the Fed at its June 16 meeting.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-06-10/doc-ikqciyzi8751188.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/762ef028f6d872233012dadb1fe341db","relate_stocks":{"159934":"黄金ETF","161125":"标普500","513500":"标普500ETF博时","518880":"黄金ETF华安","GLD":"黄金ETF-SPDR","SH":"做空标普500-Proshares","QID":"两倍做空纳斯达克指数ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","CAN":"嘉楠科技",".SPX":"S&P 500 Index","EBON":"亿邦国际","DUST":"二倍做空黄金矿业指数ETF-Direxion","IAU":"黄金信托ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares","GDX":"黄金矿业ETF-VanEck","PSQ":"做空纳斯达克100指数ETF-ProShares","SQQQ":"纳指三倍做空ETF","UPRO":"三倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares","NUGT":"二倍做多黄金矿业指数ETF-Direxion","QQQ":"纳指100ETF","DOG":"道指ETF-ProShares做空","TQQQ":"纳指三倍做多ETF","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","DJX":"1/100道琼斯","QLD":"2倍做多纳斯达克100指数ETF-ProShares","OEX":"标普100","DDM":"2倍做多道指ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-06-10/doc-ikqciyzi8751188.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142824851","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、“新兴市场教父”：“困惑和迷失方向”导致市场出现“疯狂”走势\n\n\n2、美国薪资水平意外上涨 担忧通胀的理由又多了一个\n\n\n3、比特币要成为“数字黄金” 前路漫漫其修远兮\n\n\n4、美国证券交易委员会主席提议对股票交易规则进行广泛评估\n\n\n5、克莱默：meme股票“应该出现在赌场”而不是华尔街\n\n\n6、外汇市场风平浪静期 看涨新兴市场货币正当时\n\n“新兴市场教父”：“困惑和迷失方向”导致市场出现“疯狂”走势\n“新兴市场教父”麦朴思（Mark Mobius）警告称，必须“非常仔细地”关注市场波动和央行的下一步行动，并认为比特币等资产的“疯狂走势”是由“迷失方向和困惑”驱动的。\n随着经济从新冠疫情中复苏以及通胀水平的上升，市场对中央银行，特别是美联储何时可能开始缩减资产购买的猜测已经盛行数月。麦朴思表示，必须密切关注央行的举动。\n“我认为，由于中央银行退出宽松政策而导致货币供应量的任何回落对市场都非常不利。所以我认为必须非常仔细地观察这一点，”麦朴思称，“我们处于一个非常不确定的时期，这是肯定的”。美国薪资水平意外上涨 担忧通胀的理由又多了一个\n美国薪资水平的意外上涨让金融市场有了新的担心通胀的理由。\n许多政策制定者和经济学家认为价格飙升是暂时的，部分原因是他们未料想到薪资涨幅会如此之高。过去多年来，低收入人群的新资一直相对增长停滞。\n现在美国的就业人数仍远低于疫情爆发前水平，目前创造的大多数工作岗位都在低工资行业，如餐饮和旅游业。\n但上周的就业报告显示，平均小时工资连续第二个月高于预期。事实证明，无论失业数字如何，劳动力供应实质上不足，这促使许多雇主提高工资或发放奖金以吸引人才。比特币要成为“数字黄金” 前路漫漫其修远兮\n比特币要充当“数字黄金”——一种稳定的储存财富、对冲经济趋势的现代方式，似乎还不太够。\n比特币的波动仍然高企，价格急剧下跌，从4月中的高点约63000美元跌至今天的约35000美元。其波动远远超过了黄金的走势，而比特币的价格变动在很大程度上是不规律的。这意味着该数字代币在对冲方面不及黄金。\n一些人却认为比特币这种不规律的动向是有利的，因为缺乏相关性，可能是优良的投资组合多元化选择。但在寻求避险资产时，则是糟糕的选择。美国证券交易委员会主席提议对股票交易规则进行广泛评估\n华尔街的最高监管机构呼吁对美国股票市场交易规则进行一次广泛评估。\n美国证券交易委员会主席Gary Gensler周三表示，他要求该机构的工作人员审查与股票交易相关的一系列问题，包括所谓以最佳条件执行交易的要求。他还表示，股票交易结算流程可以缩短到同一天。\n他在为Piper Sandler全球交易所和金融科技会议准备好的讲话中称，“我相信缩短标准结算周期可以降低我们市场的成本和风险。”克莱默：meme股票“应该出现在赌场”而不是华尔街\n财经媒体名嘴吉姆克莱默（Jim Cramer）周三表示，交易meme股票更像是赌博而不是投资。\n“它们令人兴奋，很有趣，而且很真实，”克莱默说。然而，“如果你要玩，我认为你可以去赌场。这些应该在赌场提供。为什么它们会在纽约证券交易所上市？”\n1月份开始的散户交易狂潮最近又重新成为市场焦点。AMC院线、Bed Bath & Beyond和黑莓股票近期均再度出现大幅飙升，而WSB概念股新宠Clean Energy Fuels和Clover Health今日均涨超30%。\n“他们什么都想买……你必须试着弄清楚下一个（meme股）是哪个，”克莱默说。外汇市场风平浪静期 看涨新兴市场货币正当时\n随着美国利率走低、市场波动性大跌，新兴市场货币上涨将会水到渠成。\n摩根大通的发展中国家货币和七国集团货币预期波动性指标周二跌至9月以来的最低水平，对风险资产是个好兆头。周三，美国10年期国债收益率跌破1.5%。\n包括花旗和高盛在内的银行正在预测新兴市场货币进一步上涨。此前，美元的疲软推动MSCI新兴市场货币指数创历史新高。虽然美国周四的通胀数据可能会提供有关美联储何时开始减码的线索，但市场定价表明美联储在6月16日的会议上估计不会采取任何政策行动。","news_type":1,"symbols_score_info":{"159934":0.9,"161125":0.9,"513500":0.9,"518880":0.9,"GLD":0.9,"OEF":0.9,".SPX":0.9,"MGCmain":0.9,"IVV":0.9,"QID":0.9,"SDS":0.9,"SGUmain":0.9,"MNQmain":0.9,"TQQQ":0.9,"NUGT":0.9,"GDX":0.9,"SQQQ":0.9,"QLD":0.9,"PSQ":0.9,"DOG":0.9,"DUST":0.9,"XBTmain":0.9,"QQQ":0.9,"DJX":0.9,"SDOW":0.9,"BTCmain":0.9,"EBON":0.9,"SH":0.9,"SGCmain":0.9,"UPRO":0.9,"NQmain":0.9,"SPXU":0.9,"OEX":0.9,"SSO":0.9,"CAN":0.9,"DDM":0.9,"DXD":0.9,"IAU":0.9,"ESmain":0.9,"UDOW":0.9}},"isVote":1,"tweetType":1,"viewCount":3715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117972063,"gmtCreate":1623115310252,"gmtModify":1704196344259,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"Good job g7","listText":"Good job g7","text":"Good job g7","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117972063","repostId":"2141259172","repostType":4,"isVote":1,"tweetType":1,"viewCount":3124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117976651,"gmtCreate":1623115277973,"gmtModify":1704196343767,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"Good job g7","listText":"Good job g7","text":"Good job g7","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117976651","repostId":"2141259172","repostType":4,"isVote":1,"tweetType":1,"viewCount":2810,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":189506898,"gmtCreate":1623280598514,"gmtModify":1704199806595,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/189506898","repostId":"2142824851","repostType":4,"repost":{"id":"2142824851","kind":"news","pubTimestamp":1623274459,"share":"https://ttm.financial/m/news/2142824851?lang=en_US&edition=fundamental","pubTime":"2021-06-10 05:34","market":"sh","language":"zh","title":"Foreign Media Headlines: US SEC Chairman Proposes a Broad Assessment of Stock Trading Rules","url":"https://stock-news.laohu8.com/highlight/detail?id=2142824851","media":"新浪财经","summary":"麦朴思表示，必须密切关注央行的举动。美国证券交易委员会主席提议对股票交易规则进行广泛评估华尔街的最高监管机构呼吁对美国股票市场交易规则进行一次广泛评估。美国证券交易委员会主席Gary Gensler周三表示，他要求该机构的工作人员审查与股票交易相关的一系列问题，包括所谓以最佳条件执行交易的要求。他还表示，股票交易结算流程可以缩短到同一天。此前，美元的疲软推动MSCI新兴市场货币指数创历史新高。","content":"<p><b>The headlines that the global financial media paid common attention to last night and this morning mainly include:</b></p><p><b>1. \"Godfather of Emerging Markets\": \"Confusion and disorientation\" lead to a \"crazy\" trend in the market</b><b>2. Unexpected rise in U.S. wages Another reason to worry about inflation</b><b>3. Bitcoin has a long way to go before it becomes \"digital gold\"</b><b>4. SEC Chairman Proposes Broad Evaluation of Stock Trading Rules</b><b>5, Kramer: meme Stocks 'Should Be in Casinos' Not Wall Street</b><b>6. It is time to bullish emerging market currencies during the calm period of foreign exchange market</b><img src=\"https://static.tigerbbs.com/fd7d81f970caefa3d5cd2178ddbc23d2\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><b>'Godfather of emerging markets': 'Confusion and disorientation' lead to 'crazy' moves in markets</b></p><p>Mark Mobius, the \"godfather of emerging markets\", warned that market volatility and what central banks do next must be watched \"very carefully\" and argued that the \"frenzied movement\" of assets such as Bitcoin was driven by \"disorientation and confusion\".</p><p>As the economy recovers from Covid and inflation levels rise, markets are<a href=\"https://laohu8.com/S/CNBC\">Central Bank</a>In particular, speculation has been rife for months about when the Fed might start tapering its asset purchases. Mr Mepus said the central bank's moves must be closely monitored.</p><p>\"I think any pullback in the money supply due to the central bank's withdrawal from easing policy is very bad for the market. So I think this must be observed very carefully,\" Mepus said. \"We are in a very uncertain period, that's for sure\".<img src=\"https://static.tigerbbs.com/0176e073727c80bb512179a896c4837f\" tg-width=\"550\" tg-height=\"291\" referrerpolicy=\"no-referrer\"><b>Unexpected rise in U.S. wage levelsAnother reason to worry about inflation</b></p><p>The unexpected rise in U.S. wages has given financial markets new reasons to worry about inflation.</p><p>Many policymakers and economists see the price spike as temporary, in part because they did not expect such high wage increases. Over the past years, the relative growth of new capital among low-income people has stagnated.</p><p>Employment in the United States now remains well below pre-pandemic levels, and most jobs currently created are in low-wage industries, such as restaurants and tourism.</p><p>But last week's employment report showed average hourly wages were higher than expected for the second straight month. Labor supply has proven to be substantially inadequate regardless of unemployment figures, prompting many employers to raise wages or issue bonuses to attract talent.<img src=\"https://static.tigerbbs.com/7446995499804ec7176aab7dbe841740\" tg-width=\"550\" tg-height=\"363\" referrerpolicy=\"no-referrer\"><b>Bitcoin has a long road ahead to become \"digital gold\"</b></p><p>It seems that Bitcoin is not enough to act as \"digital gold\"-a stable modern way to store wealth and hedge against economic trends.</p><p>Volatility remains high on Bitcoin, with prices falling sharply, from a mid-April high of about $63,000 to about $35,000 today. Its volatility far exceeds the movement of gold, while price movements in Bitcoin are largely irregular. This means that the digital token isn't as good as gold in hedging.</p><p>Some believe that this irregular movement in Bitcoin is advantageous because it lacks correlation and may be an excellent portfolio diversification choice. But when looking for safe haven assets, it is a bad choice.<img src=\"https://static.tigerbbs.com/dd0d306860b243186c6876684697f692\" tg-width=\"550\" tg-height=\"364\" referrerpolicy=\"no-referrer\"><b>SEC Chair Proposes Broad Assessment of Stock Trading Rules</b></p><p>Wall Street's top regulator has called for a broad review of trading rules in the U.S. stock market.</p><p>Securities and Exchange Commission Chairman Gary Gensler said Wednesday that he asked the agency's staff to review a range of issues related to stock trading, including the so-called requirement to execute trades on optimal terms. He also said the stock transaction settlement process could be shortened to the same day.</p><p>\"I believe that shortening the standard settlement cycle can reduce costs and risks in our market,\" he said in a speech prepared for the Piper Sandler Global Exchange and Fintech Conference.<img src=\"https://static.tigerbbs.com/a969b09f89902d657ab0d88f0be2a432\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><b>Kramer: meme Stocks 'Should Be In Casinos' Not Wall Street</b></p><p>Jim Cramer, a financial media celebrity, said Wednesday that trading meme stocks is more like gambling than investing.</p><p>\"They're exciting, they're fun, and they're real,\" Kramer said. However, \"If you're going to play, I think you can go to a casino. These should be offered at a casino. Why are they listed on the NYSE?\"</p><p>The retail trading frenzy that began in January has recently returned to the market spotlight.<a href=\"https://laohu8.com/S/AMC\">AMC Cinema</a>, Bed Bath & Beyond and<a href=\"https://laohu8.com/S/BBRY\">Blackberry</a>Recently, stocks have soared sharply again, while Clean Energy Fuels and Clover Health, the new favorites of WSB concept stocks, both rose by more than 30% today.</p><p>\"They want to buy everything…You have to try to figure out which (meme stock) is next,\" Kramer said.<img src=\"https://static.tigerbbs.com/7d0b176db791bc7695bd0a82fe54dde3\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"><b>Time to be bullish on emerging market currencies in a calm period for forex markets</b></p><p>As US interest rates fall and market volatility plummets, rising emerging market currencies will come naturally.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Indicators of expected volatility in developing and G7 currencies fell to their lowest level since September on Tuesday, boding well for risky assets. The U.S. 10-year Treasury Bond yield fell below 1.5% on Wednesday.</p><p>Includes<a href=\"https://laohu8.com/S/C\">Citigroup</a>And<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Including banks are predicting further gains in emerging market currencies. This comes after the weakness of the US dollar drove the MSCI Emerging Markets Currencies Index to a record high. While the U.S. inflation data on Thursday may provide clues as to when the Fed will start downsizing, market pricing suggests no policy action is expected from the Fed at its June 16 meeting.</p>","source":"sina_symbol","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>Foreign Media Headlines: US SEC Chairman Proposes a Broad Assessment of Stock Trading Rules</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\">\nForeign Media Headlines: US SEC Chairman Proposes a Broad Assessment of Stock Trading Rules\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-06-10 05:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>The headlines that the global financial media paid common attention to last night and this morning mainly include:</b></p><p><b>1. \"Godfather of Emerging Markets\": \"Confusion and disorientation\" lead to a \"crazy\" trend in the market</b><b>2. Unexpected rise in U.S. wages Another reason to worry about inflation</b><b>3. Bitcoin has a long way to go before it becomes \"digital gold\"</b><b>4. SEC Chairman Proposes Broad Evaluation of Stock Trading Rules</b><b>5, Kramer: meme Stocks 'Should Be in Casinos' Not Wall Street</b><b>6. It is time to bullish emerging market currencies during the calm period of foreign exchange market</b><img src=\"https://static.tigerbbs.com/fd7d81f970caefa3d5cd2178ddbc23d2\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><b>'Godfather of emerging markets': 'Confusion and disorientation' lead to 'crazy' moves in markets</b></p><p>Mark Mobius, the \"godfather of emerging markets\", warned that market volatility and what central banks do next must be watched \"very carefully\" and argued that the \"frenzied movement\" of assets such as Bitcoin was driven by \"disorientation and confusion\".</p><p>As the economy recovers from Covid and inflation levels rise, markets are<a href=\"https://laohu8.com/S/CNBC\">Central Bank</a>In particular, speculation has been rife for months about when the Fed might start tapering its asset purchases. Mr Mepus said the central bank's moves must be closely monitored.</p><p>\"I think any pullback in the money supply due to the central bank's withdrawal from easing policy is very bad for the market. So I think this must be observed very carefully,\" Mepus said. \"We are in a very uncertain period, that's for sure\".<img src=\"https://static.tigerbbs.com/0176e073727c80bb512179a896c4837f\" tg-width=\"550\" tg-height=\"291\" referrerpolicy=\"no-referrer\"><b>Unexpected rise in U.S. wage levelsAnother reason to worry about inflation</b></p><p>The unexpected rise in U.S. wages has given financial markets new reasons to worry about inflation.</p><p>Many policymakers and economists see the price spike as temporary, in part because they did not expect such high wage increases. Over the past years, the relative growth of new capital among low-income people has stagnated.</p><p>Employment in the United States now remains well below pre-pandemic levels, and most jobs currently created are in low-wage industries, such as restaurants and tourism.</p><p>But last week's employment report showed average hourly wages were higher than expected for the second straight month. Labor supply has proven to be substantially inadequate regardless of unemployment figures, prompting many employers to raise wages or issue bonuses to attract talent.<img src=\"https://static.tigerbbs.com/7446995499804ec7176aab7dbe841740\" tg-width=\"550\" tg-height=\"363\" referrerpolicy=\"no-referrer\"><b>Bitcoin has a long road ahead to become \"digital gold\"</b></p><p>It seems that Bitcoin is not enough to act as \"digital gold\"-a stable modern way to store wealth and hedge against economic trends.</p><p>Volatility remains high on Bitcoin, with prices falling sharply, from a mid-April high of about $63,000 to about $35,000 today. Its volatility far exceeds the movement of gold, while price movements in Bitcoin are largely irregular. This means that the digital token isn't as good as gold in hedging.</p><p>Some believe that this irregular movement in Bitcoin is advantageous because it lacks correlation and may be an excellent portfolio diversification choice. But when looking for safe haven assets, it is a bad choice.<img src=\"https://static.tigerbbs.com/dd0d306860b243186c6876684697f692\" tg-width=\"550\" tg-height=\"364\" referrerpolicy=\"no-referrer\"><b>SEC Chair Proposes Broad Assessment of Stock Trading Rules</b></p><p>Wall Street's top regulator has called for a broad review of trading rules in the U.S. stock market.</p><p>Securities and Exchange Commission Chairman Gary Gensler said Wednesday that he asked the agency's staff to review a range of issues related to stock trading, including the so-called requirement to execute trades on optimal terms. He also said the stock transaction settlement process could be shortened to the same day.</p><p>\"I believe that shortening the standard settlement cycle can reduce costs and risks in our market,\" he said in a speech prepared for the Piper Sandler Global Exchange and Fintech Conference.<img src=\"https://static.tigerbbs.com/a969b09f89902d657ab0d88f0be2a432\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><b>Kramer: meme Stocks 'Should Be In Casinos' Not Wall Street</b></p><p>Jim Cramer, a financial media celebrity, said Wednesday that trading meme stocks is more like gambling than investing.</p><p>\"They're exciting, they're fun, and they're real,\" Kramer said. However, \"If you're going to play, I think you can go to a casino. These should be offered at a casino. Why are they listed on the NYSE?\"</p><p>The retail trading frenzy that began in January has recently returned to the market spotlight.<a href=\"https://laohu8.com/S/AMC\">AMC Cinema</a>, Bed Bath & Beyond and<a href=\"https://laohu8.com/S/BBRY\">Blackberry</a>Recently, stocks have soared sharply again, while Clean Energy Fuels and Clover Health, the new favorites of WSB concept stocks, both rose by more than 30% today.</p><p>\"They want to buy everything…You have to try to figure out which (meme stock) is next,\" Kramer said.<img src=\"https://static.tigerbbs.com/7d0b176db791bc7695bd0a82fe54dde3\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"><b>Time to be bullish on emerging market currencies in a calm period for forex markets</b></p><p>As US interest rates fall and market volatility plummets, rising emerging market currencies will come naturally.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Indicators of expected volatility in developing and G7 currencies fell to their lowest level since September on Tuesday, boding well for risky assets. The U.S. 10-year Treasury Bond yield fell below 1.5% on Wednesday.</p><p>Includes<a href=\"https://laohu8.com/S/C\">Citigroup</a>And<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Including banks are predicting further gains in emerging market currencies. This comes after the weakness of the US dollar drove the MSCI Emerging Markets Currencies Index to a record high. While the U.S. inflation data on Thursday may provide clues as to when the Fed will start downsizing, market pricing suggests no policy action is expected from the Fed at its June 16 meeting.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-06-10/doc-ikqciyzi8751188.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/762ef028f6d872233012dadb1fe341db","relate_stocks":{"159934":"黄金ETF","161125":"标普500","513500":"标普500ETF博时","518880":"黄金ETF华安","GLD":"黄金ETF-SPDR","SH":"做空标普500-Proshares","QID":"两倍做空纳斯达克指数ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","CAN":"嘉楠科技",".SPX":"S&P 500 Index","EBON":"亿邦国际","DUST":"二倍做空黄金矿业指数ETF-Direxion","IAU":"黄金信托ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares","GDX":"黄金矿业ETF-VanEck","PSQ":"做空纳斯达克100指数ETF-ProShares","SQQQ":"纳指三倍做空ETF","UPRO":"三倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares","NUGT":"二倍做多黄金矿业指数ETF-Direxion","QQQ":"纳指100ETF","DOG":"道指ETF-ProShares做空","TQQQ":"纳指三倍做多ETF","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","DJX":"1/100道琼斯","QLD":"2倍做多纳斯达克100指数ETF-ProShares","OEX":"标普100","DDM":"2倍做多道指ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-06-10/doc-ikqciyzi8751188.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142824851","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、“新兴市场教父”：“困惑和迷失方向”导致市场出现“疯狂”走势\n\n\n2、美国薪资水平意外上涨 担忧通胀的理由又多了一个\n\n\n3、比特币要成为“数字黄金” 前路漫漫其修远兮\n\n\n4、美国证券交易委员会主席提议对股票交易规则进行广泛评估\n\n\n5、克莱默：meme股票“应该出现在赌场”而不是华尔街\n\n\n6、外汇市场风平浪静期 看涨新兴市场货币正当时\n\n“新兴市场教父”：“困惑和迷失方向”导致市场出现“疯狂”走势\n“新兴市场教父”麦朴思（Mark Mobius）警告称，必须“非常仔细地”关注市场波动和央行的下一步行动，并认为比特币等资产的“疯狂走势”是由“迷失方向和困惑”驱动的。\n随着经济从新冠疫情中复苏以及通胀水平的上升，市场对中央银行，特别是美联储何时可能开始缩减资产购买的猜测已经盛行数月。麦朴思表示，必须密切关注央行的举动。\n“我认为，由于中央银行退出宽松政策而导致货币供应量的任何回落对市场都非常不利。所以我认为必须非常仔细地观察这一点，”麦朴思称，“我们处于一个非常不确定的时期，这是肯定的”。美国薪资水平意外上涨 担忧通胀的理由又多了一个\n美国薪资水平的意外上涨让金融市场有了新的担心通胀的理由。\n许多政策制定者和经济学家认为价格飙升是暂时的，部分原因是他们未料想到薪资涨幅会如此之高。过去多年来，低收入人群的新资一直相对增长停滞。\n现在美国的就业人数仍远低于疫情爆发前水平，目前创造的大多数工作岗位都在低工资行业，如餐饮和旅游业。\n但上周的就业报告显示，平均小时工资连续第二个月高于预期。事实证明，无论失业数字如何，劳动力供应实质上不足，这促使许多雇主提高工资或发放奖金以吸引人才。比特币要成为“数字黄金” 前路漫漫其修远兮\n比特币要充当“数字黄金”——一种稳定的储存财富、对冲经济趋势的现代方式，似乎还不太够。\n比特币的波动仍然高企，价格急剧下跌，从4月中的高点约63000美元跌至今天的约35000美元。其波动远远超过了黄金的走势，而比特币的价格变动在很大程度上是不规律的。这意味着该数字代币在对冲方面不及黄金。\n一些人却认为比特币这种不规律的动向是有利的，因为缺乏相关性，可能是优良的投资组合多元化选择。但在寻求避险资产时，则是糟糕的选择。美国证券交易委员会主席提议对股票交易规则进行广泛评估\n华尔街的最高监管机构呼吁对美国股票市场交易规则进行一次广泛评估。\n美国证券交易委员会主席Gary Gensler周三表示，他要求该机构的工作人员审查与股票交易相关的一系列问题，包括所谓以最佳条件执行交易的要求。他还表示，股票交易结算流程可以缩短到同一天。\n他在为Piper Sandler全球交易所和金融科技会议准备好的讲话中称，“我相信缩短标准结算周期可以降低我们市场的成本和风险。”克莱默：meme股票“应该出现在赌场”而不是华尔街\n财经媒体名嘴吉姆克莱默（Jim Cramer）周三表示，交易meme股票更像是赌博而不是投资。\n“它们令人兴奋，很有趣，而且很真实，”克莱默说。然而，“如果你要玩，我认为你可以去赌场。这些应该在赌场提供。为什么它们会在纽约证券交易所上市？”\n1月份开始的散户交易狂潮最近又重新成为市场焦点。AMC院线、Bed Bath & Beyond和黑莓股票近期均再度出现大幅飙升，而WSB概念股新宠Clean Energy Fuels和Clover Health今日均涨超30%。\n“他们什么都想买……你必须试着弄清楚下一个（meme股）是哪个，”克莱默说。外汇市场风平浪静期 看涨新兴市场货币正当时\n随着美国利率走低、市场波动性大跌，新兴市场货币上涨将会水到渠成。\n摩根大通的发展中国家货币和七国集团货币预期波动性指标周二跌至9月以来的最低水平，对风险资产是个好兆头。周三，美国10年期国债收益率跌破1.5%。\n包括花旗和高盛在内的银行正在预测新兴市场货币进一步上涨。此前，美元的疲软推动MSCI新兴市场货币指数创历史新高。虽然美国周四的通胀数据可能会提供有关美联储何时开始减码的线索，但市场定价表明美联储在6月16日的会议上估计不会采取任何政策行动。","news_type":1,"symbols_score_info":{"159934":0.9,"161125":0.9,"513500":0.9,"518880":0.9,"GLD":0.9,"OEF":0.9,".SPX":0.9,"MGCmain":0.9,"IVV":0.9,"QID":0.9,"SDS":0.9,"SGUmain":0.9,"MNQmain":0.9,"TQQQ":0.9,"NUGT":0.9,"GDX":0.9,"SQQQ":0.9,"QLD":0.9,"PSQ":0.9,"DOG":0.9,"DUST":0.9,"XBTmain":0.9,"QQQ":0.9,"DJX":0.9,"SDOW":0.9,"BTCmain":0.9,"EBON":0.9,"SH":0.9,"SGCmain":0.9,"UPRO":0.9,"NQmain":0.9,"SPXU":0.9,"OEX":0.9,"SSO":0.9,"CAN":0.9,"DDM":0.9,"DXD":0.9,"IAU":0.9,"ESmain":0.9,"UDOW":0.9}},"isVote":1,"tweetType":1,"viewCount":3715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802848391,"gmtCreate":1627770544413,"gmtModify":1703495518251,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802848391","repostId":"1120441766","repostType":4,"repost":{"id":"1120441766","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":1627665833,"share":"https://ttm.financial/m/news/1120441766?lang=en_US&edition=fundamental","pubTime":"2021-07-31 01:23","market":"sh","language":"zh","title":"How does the global market go in August? These events will affect risk sentiment","url":"https://stock-news.laohu8.com/highlight/detail?id=1120441766","media":"Wind万得","summary":"随着7月进入尾声，投资者开始关注8月市场热点事件。美联储一如既往地成为焦点，但企业财报、市场波动等因素也不容忽视。\n8月通常会带来美股交易速度的放缓，特别是在月中旬，因为这期间将近一半企业都已公布财报","content":"<p>As July draws to a close, investors are beginning to pay attention to the hot market events in August. The Federal Reserve, as always, is in focus, but factors such as corporate earnings reports and market volatility can't be ignored.</p><p>August usually brings a slowdown in U.S. stock trading, especially in the middle of the month, when nearly half of companies have reported earnings. Still, at least from a historical perspective, stocks have some weak seasonal trends heading into September. This is worth watching, especially considering both inflation and stock valuations remain concerning.</p><p><b>Corporate earnings season</b></p><p>After the Federal Reserve's late July meeting, investors can refocus on corporate earnings season. The Federal Reserve is a key component, but earnings drive the U.S. stock market in the long run. At the end of July, the second-quarter earnings season was exactly in line with analysts' expectations, or even partially beat them.</p><p>On July 19, the S&P 500 fell 2% on concerns about the Delta virus mutation, with a slight little swing; However, in late July, the bright performance of the earnings season basically boosted the major sectors of U.S. stocks. Entering August,<a href=\"https://laohu8.com/S/DAL\">Delta Airlines</a>The performance has worried many investors. There are signs that more countries and regions will re-tighten restrictions on outbound travel as the virus spreads further.</p><p>Markets can't expect changes from the virus, but if things worsen, it could mean people returning to so-called \"defensive\" areas, namely fixed income, very large tech stocks and the dollar.</p><p>Back to earnings, from big banks to Snap,<a href=\"https://laohu8.com/S/IBM\">IBM</a>、<a href=\"https://laohu8.com/S/HON\">Honeywell</a>、<a href=\"https://laohu8.com/S/T\">American Telephone and Telegraph</a>Companies and<a href=\"https://laohu8.com/S/AXP\">American Express</a>, many companies performed reasonably well in their July reports, as did airlines and railways. There is an argument that if railways operate well, then the wider economy will also develop well, as transport tends to be a barometer of aggregate demand.</p><p>Investor earnings estimates for the full quarter are also on the rise, with analysts now expecting second-quarter earnings to rise 74.2%, compared to 69.4% estimates. Since July, companies in a number of industries (led by the financial, healthcare, information technology and communication services industries) have reported earnings that have exceeded expectations, resulting in improvements in overall earnings expectations.</p><p>But on the other hand, market weaknesses remain, such as in the semiconductor sector.<a href=\"https://laohu8.com/S/INTC\">Intel</a>And<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>Neither has failed to impress investors, with shares of both companies on the defensive. In addition, investors have digested the expectation of strong corporate earnings, and some companies need to exceed expectations or have a broad room for growth to attract more capital inflows. This also explains why bank stocks failed to rise sharply on strong results.</p><p><b>Federal Reserve Policy Support and Economic Data</b></p><p>\"No fight with the Fed\" doesn't seem to have changed either. It's a term coined decades ago by traders who thought the Fed would step in to prop up stocks in any downturn. Fed Chair Jerome Powell said earlier this month that the Fed remains committed to easy monetary policy and that high inflation could cool.</p><p>The Fed's rhetoric will affect a \"key indicator\" of global assets: Will U.S. Treasury Bond yields get back on an upward path in August, or will they fall below a nearly five-month low of 1.2% again? Falling yields tend to help so-called \"growth\" sectors such as technology, while rising yields tend to help \"cyclical\" sectors such as finance and energy. The ongoing tug-of-war between growth and value throughout the year shows no sign of disappearing.</p><p>Earlier this year, there were plenty of people on Wall Street who thought Jackson Hole could be the time and place for the Fed to announce its long-awaited taper. That doesn't have to be the case now: The steady decline in U.S. bond yields since the end of March appears to have given the Fed more room to maneuver to maintain its $120 billion-a-month bond purchase program. It's a strategy the Fed uses to inject liquidity and keep interest rates low, and it seems to have worked.</p><p>The U.S. economy grew more than 6% in the first quarter of this year, and the 10-year U.S. Treasury Bond yield was nearly 1.3% at the end of July. That's a surprisingly low yield given economic growth and month-to-month high inflation.</p><p>Both Powell and President Biden said in late July that the current high inflation would not last. To be sure, most in the market will be keeping a close eye on the July consumer and producer prices, which are released in August, as well as the July jobs report. Job growth rebounded in June after months of weakness. The focus may now turn more to wage growth: If employers have to start raising wages significantly to attract workers, it could also raise inflation concerns.</p><p>By the time the Jackson Hole meeting approaches, investors may have a better sense of whether the Fed is ready to act, or at least predict stimulus from the Fed. Some economists note that the Federal Reserve continues to buy mortgage-backed securities, providing unnecessary ammunition for an already overheated housing market.</p><p><b>US stock volatility raises concerns</b></p><p>August could be a respite for investors. Traditionally, this is due to a time when many traders have gone on vacation and volatility and trading volumes tend to decline. There was some disruption to this seasonal factor last year, but if fears of the pandemic hadn't continued to grow, Wall Street might have a more normal holiday schedule.</p><p>In August, the CBOE Volatility Index (VIX) is likely to receive more attention. In mid-July, the index briefly rose above 20 before falling back to 17, the same level as earlier this month. The historical average for the VIX is around 20, but levels well below 20 tend to indicate that people expect less turmoil ahead.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>pointed out that the seasonal factors in August were not favorable for the market, and from historical data, U.S. stocks showed a downward trend throughout August, which was the fourth worst two-week seasonal period of the year. Since 1950, the S&P 500 has risen more than 10% in the first half of that year 19 times in 72 years. Specifically, after a strong market performance in the first half of the year, median returns typically decline 51 basis points in August before rising again.</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>How does the global market go in August? These events will affect risk sentiment</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\">\nHow does the global market go in August? These events will affect risk sentiment\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-07-31 01:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>As July draws to a close, investors are beginning to pay attention to the hot market events in August. The Federal Reserve, as always, is in focus, but factors such as corporate earnings reports and market volatility can't be ignored.</p><p>August usually brings a slowdown in U.S. stock trading, especially in the middle of the month, when nearly half of companies have reported earnings. Still, at least from a historical perspective, stocks have some weak seasonal trends heading into September. This is worth watching, especially considering both inflation and stock valuations remain concerning.</p><p><b>Corporate earnings season</b></p><p>After the Federal Reserve's late July meeting, investors can refocus on corporate earnings season. The Federal Reserve is a key component, but earnings drive the U.S. stock market in the long run. At the end of July, the second-quarter earnings season was exactly in line with analysts' expectations, or even partially beat them.</p><p>On July 19, the S&P 500 fell 2% on concerns about the Delta virus mutation, with a slight little swing; However, in late July, the bright performance of the earnings season basically boosted the major sectors of U.S. stocks. Entering August,<a href=\"https://laohu8.com/S/DAL\">Delta Airlines</a>The performance has worried many investors. There are signs that more countries and regions will re-tighten restrictions on outbound travel as the virus spreads further.</p><p>Markets can't expect changes from the virus, but if things worsen, it could mean people returning to so-called \"defensive\" areas, namely fixed income, very large tech stocks and the dollar.</p><p>Back to earnings, from big banks to Snap,<a href=\"https://laohu8.com/S/IBM\">IBM</a>、<a href=\"https://laohu8.com/S/HON\">Honeywell</a>、<a href=\"https://laohu8.com/S/T\">American Telephone and Telegraph</a>Companies and<a href=\"https://laohu8.com/S/AXP\">American Express</a>, many companies performed reasonably well in their July reports, as did airlines and railways. There is an argument that if railways operate well, then the wider economy will also develop well, as transport tends to be a barometer of aggregate demand.</p><p>Investor earnings estimates for the full quarter are also on the rise, with analysts now expecting second-quarter earnings to rise 74.2%, compared to 69.4% estimates. Since July, companies in a number of industries (led by the financial, healthcare, information technology and communication services industries) have reported earnings that have exceeded expectations, resulting in improvements in overall earnings expectations.</p><p>But on the other hand, market weaknesses remain, such as in the semiconductor sector.<a href=\"https://laohu8.com/S/INTC\">Intel</a>And<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>Neither has failed to impress investors, with shares of both companies on the defensive. In addition, investors have digested the expectation of strong corporate earnings, and some companies need to exceed expectations or have a broad room for growth to attract more capital inflows. This also explains why bank stocks failed to rise sharply on strong results.</p><p><b>Federal Reserve Policy Support and Economic Data</b></p><p>\"No fight with the Fed\" doesn't seem to have changed either. It's a term coined decades ago by traders who thought the Fed would step in to prop up stocks in any downturn. Fed Chair Jerome Powell said earlier this month that the Fed remains committed to easy monetary policy and that high inflation could cool.</p><p>The Fed's rhetoric will affect a \"key indicator\" of global assets: Will U.S. Treasury Bond yields get back on an upward path in August, or will they fall below a nearly five-month low of 1.2% again? Falling yields tend to help so-called \"growth\" sectors such as technology, while rising yields tend to help \"cyclical\" sectors such as finance and energy. The ongoing tug-of-war between growth and value throughout the year shows no sign of disappearing.</p><p>Earlier this year, there were plenty of people on Wall Street who thought Jackson Hole could be the time and place for the Fed to announce its long-awaited taper. That doesn't have to be the case now: The steady decline in U.S. bond yields since the end of March appears to have given the Fed more room to maneuver to maintain its $120 billion-a-month bond purchase program. It's a strategy the Fed uses to inject liquidity and keep interest rates low, and it seems to have worked.</p><p>The U.S. economy grew more than 6% in the first quarter of this year, and the 10-year U.S. Treasury Bond yield was nearly 1.3% at the end of July. That's a surprisingly low yield given economic growth and month-to-month high inflation.</p><p>Both Powell and President Biden said in late July that the current high inflation would not last. To be sure, most in the market will be keeping a close eye on the July consumer and producer prices, which are released in August, as well as the July jobs report. Job growth rebounded in June after months of weakness. The focus may now turn more to wage growth: If employers have to start raising wages significantly to attract workers, it could also raise inflation concerns.</p><p>By the time the Jackson Hole meeting approaches, investors may have a better sense of whether the Fed is ready to act, or at least predict stimulus from the Fed. Some economists note that the Federal Reserve continues to buy mortgage-backed securities, providing unnecessary ammunition for an already overheated housing market.</p><p><b>US stock volatility raises concerns</b></p><p>August could be a respite for investors. Traditionally, this is due to a time when many traders have gone on vacation and volatility and trading volumes tend to decline. There was some disruption to this seasonal factor last year, but if fears of the pandemic hadn't continued to grow, Wall Street might have a more normal holiday schedule.</p><p>In August, the CBOE Volatility Index (VIX) is likely to receive more attention. In mid-July, the index briefly rose above 20 before falling back to 17, the same level as earlier this month. The historical average for the VIX is around 20, but levels well below 20 tend to indicate that people expect less turmoil ahead.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>pointed out that the seasonal factors in August were not favorable for the market, and from historical data, U.S. stocks showed a downward trend throughout August, which was the fourth worst two-week seasonal period of the year. Since 1950, the S&P 500 has risen more than 10% in the first half of that year 19 times in 72 years. Specifically, after a strong market performance in the first half of the year, median returns typically decline 51 basis points in August before rising again.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/082208e3c37780dd55878056410ffa43","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120441766","content_text":"随着7月进入尾声，投资者开始关注8月市场热点事件。美联储一如既往地成为焦点，但企业财报、市场波动等因素也不容忽视。\n8月通常会带来美股交易速度的放缓，特别是在月中旬，因为这期间将近一半企业都已公布财报。不过，至少从历史的角度来看，进入9月份，股市仍有一些疲软的季节性趋势。这一点值得关注，尤其是考虑到通胀和股票估值都仍令人担忧。\n企业财报季\n在美联储7月底的会议之后，投资者可以重新关注企业财报季。美联储是一个关键组成部分，但从长期来看，收益驱动着美股市场。截至7月底，第二季度财报季完全符合分析师的预期，甚至部分超出预期。\n7月19日，标准普尔500指数因担心德尔塔病毒变异而下跌2%，出现了轻微的小波动；但在7月下旬，财报季的亮眼表现基本上提振了美股各大板块。进入8月，达美航空业绩表现让不少投资者担忧。有迹象表明，随着病毒的进一步蔓延，更多国家和地区将重新对外出旅行加强限制。\n市场无法预期病毒的变化，但如果情况恶化，可能意味着人们会回到所谓的“防御性”领域，即固定收益、超大型科技股和美元。\n回到盈利方面，从大型银行到Snap、IBM、霍尼韦尔、美国电话电报公司和美国运通，许多公司在7月份的报告中都表现得相当不错，航空公司和铁路公司也是如此。有一种观点认为，如果铁路运营良好，那么更广泛的经济也会发展良好，因为运输往往是总需求的晴雨表。\n投资者对整个季度的收益预期也在上升，分析师目前预计第二季度收益将增长74.2%，此前预计为69.4%。7月以来，多个行业(以金融、医疗保健、信息技术和通信服务行业为首)公司公布的收益超出预期，导致整体收益预期有所改善。\n但另一方面，市场弱点仍然存在，例如半导体领域。英特尔和德州仪器的前景都未能给投资者留下深刻印象，两家公司的股价都处于守势。此外，投资者已经消化了企业收益强劲的预期，一些公司需要业绩大超预期，或成长空间较广，才能吸引更多资金流入。这也解释了为什么银行股未能因强劲业绩大幅上涨。\n美联储政策支持和经济数据\n“不与美联储抗争”似乎也没有改变。这是几十年前交易员们发明的一个术语，他们认为美联储会在任何低迷时期出手支撑股市。美联储主席鲍威尔(Jerome Powell)本月早些时候表示，美联储仍致力于宽松货币政策，高通胀可能会降温。\n美联储的言辞将会影响全球资产的“关键指标”：美国国债收益率将在8月份重新走上上升之路，还是将再次跌至近五个月来的低点1.2%以下？收益率下降往往有助于科技等所谓的“成长型”板块，而收益率上升往往有助于金融和能源等“周期性”板块。全年持续的增长与价值的拉锯战并没有消失的迹象。\n今年早些时候，华尔街有很多人认为，杰克逊霍尔可能是美联储宣布外界期待已久的缩减刺激计划的时机和地点。现在不一定是这样了：自3月底以来，美债收益率稳步下滑，似乎给了美联储更多的操作空间，以维持每月1,200亿美元的购债计划。这是美联储用来注入流动性和保持低利率的策略，而且似乎已经奏效了。\n今年第一季度，美国经济增长超过6%，截至7月底，10年期美国国债收益率接近1.3%。考虑到经济增长和月复一月的高通胀，这是一个令人惊讶的低收益率。\n鲍威尔和拜登总统在7月下旬都表示，目前的高通胀不会持续。可以肯定的是，市场中的大多数人将密切关注8月公布的7月消费者和生产者价格，以及7月就业报告。就业增长在经过几个月的疲软后，于6月反弹。现在的焦点可能更多地转向工资增长：如果雇主不得不开始大幅提高工资以吸引工人，这可能也会引发通胀担忧。\n等到杰克逊霍尔会议临近的时候，投资者可能会对美联储是否准备采取行动有更好的感觉，或者至少预测美联储会采取刺激措施。一些经济学家指出，美联储继续购买抵押贷款支持证券，这为已经过热的房地产市场提供了不必要的弹药。\n美股波动率引发关注\n8月份可能是给投资者喘息的时间。传统上，这是由于许多交易员都去度假，波动性和交易量趋于下降的时候。去年，这种季节因素受到了一些干扰，但如果对疫情的恐惧没有持续增长，华尔街可能会有一个更正常的假期安排。\n8月，CBOE波动率指数(VIX)可能会受到更多关注。7月中旬，该指数短暂升至20以上，然后又回落至17，与本月早些时候的水平相同。VIX指数的历史平均水平在20左右，但远低于20的水平往往表明，人们预计未来的动荡会减少。\n高盛指出，8月的季节性因素并不对市场有利，从历史数据来看，整个8月美股都呈下降趋势，这是一年中第四糟糕的两周季节性时期。自1950年以来，在72年的时间里，标普500指数有19次在当年上半年涨超10%。具体来说，在上半年市场表现强劲之后，8月份的回报率中值通常会下降51个基点，然后再上升。","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806523083,"gmtCreate":1627681598742,"gmtModify":1703494502516,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806523083","repostId":"1198370900","repostType":4,"repost":{"id":"1198370900","kind":"news","weMediaInfo":{"introduction":"凤凰网港股官方账号，专注让专业更简单","home_visible":1,"media_name":"凤凰网港股","id":"56","head_image":"https://community-static.tradeup.com/news/63f98f2e899d607a12011e4ecf9c0ac7"},"pubTimestamp":1627658786,"share":"https://ttm.financial/m/news/1198370900?lang=en_US&edition=fundamental","pubTime":"2021-07-30 23:26","market":"sh","language":"zh","title":"Behind \"buying a house with tickets\", is the big change in the property market really coming?","url":"https://stock-news.laohu8.com/highlight/detail?id=1198370900","media":"凤凰网港股","summary":"2021年春节过后，原本平静的武汉楼市突然躁动起来。\n短短两个月的时间里，武汉光谷关山大道的中建大公馆、金地格林东郡、泛悦城等楼盘，从2万元/平方米左右的价格，涨到了3、4万元/平方米。\n而房价飞涨的","content":"<p><b>After the Spring Festival in 2021, the originally calm Wuhan property market suddenly became restless.</b></p><p>In just two months, the prices of China Construction Grand Mansion, Gemdale Green East County, Fanyue City and other properties on Guanshan Avenue in Optics Valley, Wuhan have risen from about 20,000 yuan/square meter to 30,000 yuan/square meter.</p><p>Behind the soaring house prices are investors from Shenzhen, Xuzhou, Zaozhuang and other places, taking advantage of Wuhan's relatively loose settlement policy and purchase restriction policy to \"speculate in real estate\" crazily.</p><p>At that time, Wuhan locals who suffered deeply told the media, \"I hate these foreign real estate speculators. When can the government strictly restrict purchases?\"</p><p>The people of Wuhan did not wait long. Three months later, on July 28th, Wuhan Housing Authority issued a draft for comments on strengthening the management of house purchase qualification. After the draft was released, the topic of \"Wuhan will implement buying a house with room tickets\" quickly caused heated discussion on the Internet.</p><p>Is Wuhan going to enter the era of \"buying a house with room tickets\"? Some people support this news, some people question it, and some people worry that \"real estate speculation\" will become \"real estate speculation ticket\".</p><p>However, no matter how you interpret it, the signal of \"tightening\" of the property market released by Wuhan is clear. In fact, Wuhan is not the only city that is \"tightening\" the property market policy.</p><p>Ifeng.com \"Eye of the Storm\" found that since 2021, local governments including Beijing, Shanghai, Guangzhou, Shenzhen and Hangzhou have issued stricter regulatory policies for the real estate market.</p><p>As the off-campus education and training industry ushers in subversive changes, many people can't help but ask:<b>Is the big change in China's property market coming?</b></p><p>Bai Wenxi, vice chairman of China Enterprise Capital Alliance and chief economist of IPG China, told Phoenix. com \"Eye of the Storm\": \"These policies will increase and enhance the difficulty and cost of buying houses for investment demand in the short term, thus suppressing the overheating of the property market to some extent. However, in the long run, if the actual market supply and demand relationship does not change, and the population, land and financial policies that affect housing prices do not change significantly, it will be difficult to have a substantial impact on housing prices.\"</p><p><img src=\"https://static.tigerbbs.com/93c9284d07634672a560d0f50a2e3314\" tg-width=\"1080\" tg-height=\"443\" referrerpolicy=\"no-referrer\"></p><p><b>01. What exactly is Wuhan's \"buying a house with tickets\"?</b></p><p>What does Wuhan's policy of \"buying a house with room ticket\", which has caused heated discussion on the Internet, stipulate in the end?</p><p>On July 28th, in order to adhere to the positioning of \"housing for living, not speculation\" and further strengthen the management of house purchase qualification in Wuhan, Wuhan Housing Authority issued the Notice of Municipal Housing Security and Housing Authority on Strengthening the Management of House Purchase Qualification (Draft for Comment), and publicly solicited opinions.</p><p><img src=\"https://static.tigerbbs.com/8db8d8c23e8cca1ee4ca8d5d15731bf9\" tg-width=\"1007\" tg-height=\"537\" referrerpolicy=\"no-referrer\"></p><p>According to the draft, in the application for house purchase qualification, intended buyers who meet the purchase restriction area can apply for house purchase qualification through the official platform or through developers and intermediaries.</p><p>The housing management departments of each district shall complete the house purchase qualification identification within 48 hours from the time of application, and feed back the identification results to the applicants. The house purchase qualification identification results shall be valid within 60 days from the date of issuance.</p><p>The \"Draft for Comments\" also requires that after the completion of the purchase registration, the results of the purchase qualification will be locked immediately, and the purchase registration will not be carried out again during the lockdown period. After the sale is opened, the purchase qualification result will be automatically unlocked.</p><p>Bai Wenxi told Phoenix Network's Eye of the Storm: \"The relevant idea of 'buying a house with tickets' in Wuhan is still in the stage of soliciting opinions. This is a proposed system design to strengthen the control of the property market and base on the qualification access of buyers.\"</p><p>Then, after the policy of \"buying a house with room ticket\" is introduced, what impact will it have on Wuhan's property market?</p><p>Zhuge Housing Search Data Research Center told Phoenix Network's Eye of the Storm: \"The policy of buying a house with tickets is a new patch policy of the previous policy, and it is also a supplement and improvement of the purchase restriction policy. To some extent, it can curb market chaos, play a positive role in regulating real estate market transactions, and effectively crack down on some developers who create false hot sales scenes, and to some extent, it can curb the phenomenon of real estate speculation.\"</p><p>Zhu Xiaohong, president of China Luxury House Research Institute, told Phoenix Network's Eye of the Storm: \"Buying a house with tickets is similar to the housing intervention in Hong Kong and South Korea. It is good to crack down on real estate speculation and control the excessive consumption of housing products, but to prevent 'using room tickets for personal gain' and 'buying and selling room tickets', we must ensure that the room tickets are given to the right person.\"</p><p>Bai Wenxi also expressed similar concerns. He said: \"On the surface, room tickets will control demand and crack down on real estate speculation, but in fact, they are carried out by suppressing demand and not increasing supply. If used improperly, it may aggravate the contradiction between supply and demand, lead to power corruption, and aggravate all kinds of disguised real estate speculation and underground real estate speculation.\"</p><p><b>02. Local governments have intensively introduced policies, and the signal of \"tightening\" is obvious</b></p><p>In fact, Wuhan's policy adjustment of house purchase qualification may have started as early as 2020.</p><p>In January last year, Wuhan implemented the whole process of commercial housing qualification verification online. Intended buyers can apply for qualification and inquire about the results through official website of Wuhan Housing Authority. If they pass the audit, they can get the audit information such as number and QR code. This information is valid for purchasing a house within 60 days, and they need to apply again after expiration.</p><p>It can be seen that as early as 2020, Wuhan has set up the prototype of the mechanism of \"buying a house with room tickets\". This draft for comments is also a supplement and improvement to the first-in-charge policy.</p><p>In addition to Wuhan, first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, second-and third-tier cities such as Jiaxing, Foshan and Wuxi, and central departments such as the Ministry of Housing and Urban-Rural Development have successively issued a series of policies to strengthen supervision of the real estate market.</p><p>On January 5th, in an interview with the media, Wang Menghui, Minister of Housing and Urban-Rural Development, reiterated the policy principles of adhering to housing for living without speculation and implementing the long-term mechanism of real estate, saying that in 2021, housing for living without speculation will remain the main policy tone and will not change, while the long-term mechanism will continue to be implemented and improved.</p><p>For example, Shanghai also made it clear in January that it would continue to implement the property tax pilot. At the same time, Shanghai also stipulates that in response to the phenomenon of \"fake divorce, real house purchase\", if a couple divorces, if either party purchases commercial housing within 3 years from the date of divorce, the number of housing units owned by them will be calculated according to the total number of households before divorce. Adjust the period of VAT levy and exemption. Increase the value-added tax exemption period for individual sales of housing from 2 years to 5 years.</p><p>In March, Xi' an also issued a new purchase restriction policy, stipulating that buyers who cheat or avoid the purchase restriction policy by \"holding on behalf\" will be included in the list of untrustworthy people who buy houses in our city, and are not allowed to buy houses within 5 years</p><p>In June, the Ministry of Finance, the Ministry of Natural Resources, the State Administration of Taxation and the People's Bank of China jointly issued a notice that four government non-tax revenues, including the income from the transfer of state-owned land use rights, would be transferred to the tax authorities for collection, which once caused heated discussions.</p><p>On July 23rd, eight departments, including the Ministry of Housing and Urban-Rural Development, the National Development and Reform Commission and the Ministry of Public Security, jointly issued a notice on continuous rectification and standardization of the order of the real estate market, which comprehensively standardized the order of the real estate market from four aspects: real estate development, housing sale, housing leasing and property services.</p><p>On July 30, the CBIRC held a system-wide 2021 mid-year work symposium and a symposium on discipline inspection and supervision (TV and telephone). The meeting emphasized that it is necessary to strictly implement the requirements of \"three lines and four files\" and the concentration of real estate loans, and prevent bank insurance funds from bypassing and illegally flowing into the real estate market.</p><p>According to the incomplete statistics of Fenghuang Wang's \"Eye of the Storm\", since January this year, local governments and relevant central departments have issued more than 40 supervision and control policies for the real estate market and its derivative services. The number and density are relatively rare in recent years.</p><p>Bai Wenxi told Phoenix Network's Eye of the Storm: \"There are three reasons for the current adjustment of real estate policy: the first is to prevent financial risks caused by real estate; The second is to reduce the total cost of economic operation represented by real estate under the internal circulation mode; The third is to reduce the pressure of living costs to enhance the willingness to have children and maintain the sustainable development of the population.\"</p><p><img src=\"https://static.tigerbbs.com/8a08ad922ffa471f7aea8f0400a29bb4\" tg-width=\"1080\" tg-height=\"1230\" referrerpolicy=\"no-referrer\"></p><p><b>03. Real estate companies \"no longer in the limelight\" share price pullback/retracement sharply</b></p><p>Policy changes also directly affect listed companies in the real estate industry.</p><p>Benefiting from the rapid development of China's real estate market in recent years, a large number of giant listed real estate companies have been born in China, and real estate enterprises were once regarded as a symbol of \"no bad money\".</p><p>Wang Jianlin, chairman of Wanda, has died<a href=\"https://laohu8.com/S/BEKE\">Shell</a>Chairman Zuo Hui and other real estate tycoons have ascended the throne of \"the richest man\".</p><p>However, with the state beginning to regulate the \"overheated\" real estate market and the introduction of a series of strict regulatory policies, these listed real estate companies have also encountered the problem of \"turning around in a disaster\", and problems such as capital chain break, income decline, stock price decline and high debt have also followed.</p><p>In August last year, the Ministry of Housing and Urban-Rural Development and the People's Bank of China held a symposium on key real estate enterprises in Beijing, clarifying the fund monitoring and financing management rules of key real estate enterprises, which are the \"three red lines\" that have been rumored many times in the industry before.</p><p>According to the incomplete statistics of Fenghuang Wang's \"Eye of the Storm\", more than half of the 40 leading real estate companies listed in Hong Kong stocks and A shares have their share prices exceeding 30% from the highest point of pullback/retracement within 52 weeks.</p><p><img src=\"https://static.tigerbbs.com/face4ce6faa97c257718c9108ee3c3b8\" tg-width=\"1080\" tg-height=\"1003\" referrerpolicy=\"no-referrer\"></p><p>In fact, in the collective \"big dive\" of A-shares on Monday and Tuesday, out of worries about the policy supervision of the real estate market, A-share real estate stocks also plummeted collectively.<a href=\"https://laohu8.com/S/000718\">Suning Global</a>、<a href=\"https://laohu8.com/S/600773\">Tibet Chengtou</a>It once fell by more than 10%.</p><p><img src=\"https://static.tigerbbs.com/0dfca5e8a01f143057cf5d1f41a95b53\" tg-width=\"324\" tg-height=\"459\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>04. Is the big change in the property market coming?</b></p><p>Wuhan's policy of \"buying a house with room tickets\" also reminds many people of \"food stamps\" and \"meat stamps\" in the era of planned economy. So, does \"buying a house with room tickets\" really mean returning to the era of planned economy? Will other cities follow up?</p><p><img src=\"https://static.tigerbbs.com/cb31adddcc3e0bf4814fad90b355b71b\" tg-width=\"1080\" tg-height=\"219\" referrerpolicy=\"no-referrer\"></p><p>Bai Wenxi said that it has been nearly 30 years since China bid farewell to the ticket era, and the launch of Wuhan's \"room ticket\" touched and brought back people's memory of the era of insufficient supply and tickets everywhere in the planned economy era. As one of the industries with the highest public attention, real estate, which is still brewing, will probably be pushed into the \"hot search\".</p><p>Bai Wenxi believes that the room ticket itself is based on the system design of compressing demand by access control, thus changing the supply and demand relationship of the property market to prevent the property market from overheating. However, the regulation and control of the property market logically needs to start from both ends of supply and demand. While limiting and suppressing demand with quantitative tools and price tools, it is also necessary to balance the relationship between supply and demand by increasing market supply.</p><p>\"Therefore, if we really want to stabilize the relationship between supply and demand in the property market, we should try to reduce and eliminate all kinds of control measures at both ends of supply and demand, guide the allocation of resources and factors with the price mechanism, and reconstruct the relationship between supply and demand, let alone restore the tickets of the planned economy era.\" Bai Wenxi told Phoenix Network's Eye of the Storm.</p><p><img src=\"https://static.tigerbbs.com/b5109cefd2de75f41c0a1a0f3da6acbb\" tg-width=\"720\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p>Whether it is the policy of \"buying a house with room ticket\" issued by Wuhan this time, a series of regulatory policies on the real estate market issued by local governments this year, or the rumored \"real estate tax\" about to be introduced, do these mean that China's property market will usher in a big change?</p><p>Zhuge Housing Search Data Research Center told Phoenix Network's Eye of the Storm: \"The introduction of real estate tax may usher in another reshuffle of the real estate market.\"</p><p>\"From the current real estate policy adjustment, adhering to housing for living and not speculation is the main tone of China's real estate market. Under this principle, first of all, it is necessary to suppress the excessive rise of housing prices through policy regulation and promote the market to gradually return to the rational stage; Secondly, constantly improve and standardize the real estate market system, and timely crack down on some speculation on housing prices and policy loopholes to promote the healthy development of the real estate market; Third, tilt limited resources to just-needed groups to provide a more stable real estate environment for buyers. \"</p><p>Zhuge Housing Data Research Center believes that with the introduction of these policies, the interests of the real just-needed groups are guaranteed, and the mentality of buying houses is gradually rational, which plays a certain role in inhibiting the excessive rise of house prices. In the long run, housing prices in first-tier cities will tend to run smoothly after strict policy control.</p><p>Bai Wenxi believes that if the real estate tax is really introduced soon, it does mean that the real estate market will usher in a big change. However, in fact, the real estate tax has not been submitted for deliberation according to the legislative procedure, and it will not be introduced soon, and there is no timetable.</p><p>Bai Wenxi said that if these policies don't start with the expansion of the supply side, but only take measures such as quantitative tools to control the access of the demand side, such as room tickets, and price tools to control the demand side, such as mortgage ratio and interest rate, the result may just stop boiling, or even rise.</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>Behind \"buying a house with tickets\", is the big change in the property market really coming?</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\">\nBehind \"buying a house with tickets\", is the big change in the property market really coming?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/56\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/63f98f2e899d607a12011e4ecf9c0ac7);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">凤凰网港股 </p>\n<p class=\"h-time smaller\">2021-07-30 23:26</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>After the Spring Festival in 2021, the originally calm Wuhan property market suddenly became restless.</b></p><p>In just two months, the prices of China Construction Grand Mansion, Gemdale Green East County, Fanyue City and other properties on Guanshan Avenue in Optics Valley, Wuhan have risen from about 20,000 yuan/square meter to 30,000 yuan/square meter.</p><p>Behind the soaring house prices are investors from Shenzhen, Xuzhou, Zaozhuang and other places, taking advantage of Wuhan's relatively loose settlement policy and purchase restriction policy to \"speculate in real estate\" crazily.</p><p>At that time, Wuhan locals who suffered deeply told the media, \"I hate these foreign real estate speculators. When can the government strictly restrict purchases?\"</p><p>The people of Wuhan did not wait long. Three months later, on July 28th, Wuhan Housing Authority issued a draft for comments on strengthening the management of house purchase qualification. After the draft was released, the topic of \"Wuhan will implement buying a house with room tickets\" quickly caused heated discussion on the Internet.</p><p>Is Wuhan going to enter the era of \"buying a house with room tickets\"? Some people support this news, some people question it, and some people worry that \"real estate speculation\" will become \"real estate speculation ticket\".</p><p>However, no matter how you interpret it, the signal of \"tightening\" of the property market released by Wuhan is clear. In fact, Wuhan is not the only city that is \"tightening\" the property market policy.</p><p>Ifeng.com \"Eye of the Storm\" found that since 2021, local governments including Beijing, Shanghai, Guangzhou, Shenzhen and Hangzhou have issued stricter regulatory policies for the real estate market.</p><p>As the off-campus education and training industry ushers in subversive changes, many people can't help but ask:<b>Is the big change in China's property market coming?</b></p><p>Bai Wenxi, vice chairman of China Enterprise Capital Alliance and chief economist of IPG China, told Phoenix. com \"Eye of the Storm\": \"These policies will increase and enhance the difficulty and cost of buying houses for investment demand in the short term, thus suppressing the overheating of the property market to some extent. However, in the long run, if the actual market supply and demand relationship does not change, and the population, land and financial policies that affect housing prices do not change significantly, it will be difficult to have a substantial impact on housing prices.\"</p><p><img src=\"https://static.tigerbbs.com/93c9284d07634672a560d0f50a2e3314\" tg-width=\"1080\" tg-height=\"443\" referrerpolicy=\"no-referrer\"></p><p><b>01. What exactly is Wuhan's \"buying a house with tickets\"?</b></p><p>What does Wuhan's policy of \"buying a house with room ticket\", which has caused heated discussion on the Internet, stipulate in the end?</p><p>On July 28th, in order to adhere to the positioning of \"housing for living, not speculation\" and further strengthen the management of house purchase qualification in Wuhan, Wuhan Housing Authority issued the Notice of Municipal Housing Security and Housing Authority on Strengthening the Management of House Purchase Qualification (Draft for Comment), and publicly solicited opinions.</p><p><img src=\"https://static.tigerbbs.com/8db8d8c23e8cca1ee4ca8d5d15731bf9\" tg-width=\"1007\" tg-height=\"537\" referrerpolicy=\"no-referrer\"></p><p>According to the draft, in the application for house purchase qualification, intended buyers who meet the purchase restriction area can apply for house purchase qualification through the official platform or through developers and intermediaries.</p><p>The housing management departments of each district shall complete the house purchase qualification identification within 48 hours from the time of application, and feed back the identification results to the applicants. The house purchase qualification identification results shall be valid within 60 days from the date of issuance.</p><p>The \"Draft for Comments\" also requires that after the completion of the purchase registration, the results of the purchase qualification will be locked immediately, and the purchase registration will not be carried out again during the lockdown period. After the sale is opened, the purchase qualification result will be automatically unlocked.</p><p>Bai Wenxi told Phoenix Network's Eye of the Storm: \"The relevant idea of 'buying a house with tickets' in Wuhan is still in the stage of soliciting opinions. This is a proposed system design to strengthen the control of the property market and base on the qualification access of buyers.\"</p><p>Then, after the policy of \"buying a house with room ticket\" is introduced, what impact will it have on Wuhan's property market?</p><p>Zhuge Housing Search Data Research Center told Phoenix Network's Eye of the Storm: \"The policy of buying a house with tickets is a new patch policy of the previous policy, and it is also a supplement and improvement of the purchase restriction policy. To some extent, it can curb market chaos, play a positive role in regulating real estate market transactions, and effectively crack down on some developers who create false hot sales scenes, and to some extent, it can curb the phenomenon of real estate speculation.\"</p><p>Zhu Xiaohong, president of China Luxury House Research Institute, told Phoenix Network's Eye of the Storm: \"Buying a house with tickets is similar to the housing intervention in Hong Kong and South Korea. It is good to crack down on real estate speculation and control the excessive consumption of housing products, but to prevent 'using room tickets for personal gain' and 'buying and selling room tickets', we must ensure that the room tickets are given to the right person.\"</p><p>Bai Wenxi also expressed similar concerns. He said: \"On the surface, room tickets will control demand and crack down on real estate speculation, but in fact, they are carried out by suppressing demand and not increasing supply. If used improperly, it may aggravate the contradiction between supply and demand, lead to power corruption, and aggravate all kinds of disguised real estate speculation and underground real estate speculation.\"</p><p><b>02. Local governments have intensively introduced policies, and the signal of \"tightening\" is obvious</b></p><p>In fact, Wuhan's policy adjustment of house purchase qualification may have started as early as 2020.</p><p>In January last year, Wuhan implemented the whole process of commercial housing qualification verification online. Intended buyers can apply for qualification and inquire about the results through official website of Wuhan Housing Authority. If they pass the audit, they can get the audit information such as number and QR code. This information is valid for purchasing a house within 60 days, and they need to apply again after expiration.</p><p>It can be seen that as early as 2020, Wuhan has set up the prototype of the mechanism of \"buying a house with room tickets\". This draft for comments is also a supplement and improvement to the first-in-charge policy.</p><p>In addition to Wuhan, first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, second-and third-tier cities such as Jiaxing, Foshan and Wuxi, and central departments such as the Ministry of Housing and Urban-Rural Development have successively issued a series of policies to strengthen supervision of the real estate market.</p><p>On January 5th, in an interview with the media, Wang Menghui, Minister of Housing and Urban-Rural Development, reiterated the policy principles of adhering to housing for living without speculation and implementing the long-term mechanism of real estate, saying that in 2021, housing for living without speculation will remain the main policy tone and will not change, while the long-term mechanism will continue to be implemented and improved.</p><p>For example, Shanghai also made it clear in January that it would continue to implement the property tax pilot. At the same time, Shanghai also stipulates that in response to the phenomenon of \"fake divorce, real house purchase\", if a couple divorces, if either party purchases commercial housing within 3 years from the date of divorce, the number of housing units owned by them will be calculated according to the total number of households before divorce. Adjust the period of VAT levy and exemption. Increase the value-added tax exemption period for individual sales of housing from 2 years to 5 years.</p><p>In March, Xi' an also issued a new purchase restriction policy, stipulating that buyers who cheat or avoid the purchase restriction policy by \"holding on behalf\" will be included in the list of untrustworthy people who buy houses in our city, and are not allowed to buy houses within 5 years</p><p>In June, the Ministry of Finance, the Ministry of Natural Resources, the State Administration of Taxation and the People's Bank of China jointly issued a notice that four government non-tax revenues, including the income from the transfer of state-owned land use rights, would be transferred to the tax authorities for collection, which once caused heated discussions.</p><p>On July 23rd, eight departments, including the Ministry of Housing and Urban-Rural Development, the National Development and Reform Commission and the Ministry of Public Security, jointly issued a notice on continuous rectification and standardization of the order of the real estate market, which comprehensively standardized the order of the real estate market from four aspects: real estate development, housing sale, housing leasing and property services.</p><p>On July 30, the CBIRC held a system-wide 2021 mid-year work symposium and a symposium on discipline inspection and supervision (TV and telephone). The meeting emphasized that it is necessary to strictly implement the requirements of \"three lines and four files\" and the concentration of real estate loans, and prevent bank insurance funds from bypassing and illegally flowing into the real estate market.</p><p>According to the incomplete statistics of Fenghuang Wang's \"Eye of the Storm\", since January this year, local governments and relevant central departments have issued more than 40 supervision and control policies for the real estate market and its derivative services. The number and density are relatively rare in recent years.</p><p>Bai Wenxi told Phoenix Network's Eye of the Storm: \"There are three reasons for the current adjustment of real estate policy: the first is to prevent financial risks caused by real estate; The second is to reduce the total cost of economic operation represented by real estate under the internal circulation mode; The third is to reduce the pressure of living costs to enhance the willingness to have children and maintain the sustainable development of the population.\"</p><p><img src=\"https://static.tigerbbs.com/8a08ad922ffa471f7aea8f0400a29bb4\" tg-width=\"1080\" tg-height=\"1230\" referrerpolicy=\"no-referrer\"></p><p><b>03. Real estate companies \"no longer in the limelight\" share price pullback/retracement sharply</b></p><p>Policy changes also directly affect listed companies in the real estate industry.</p><p>Benefiting from the rapid development of China's real estate market in recent years, a large number of giant listed real estate companies have been born in China, and real estate enterprises were once regarded as a symbol of \"no bad money\".</p><p>Wang Jianlin, chairman of Wanda, has died<a href=\"https://laohu8.com/S/BEKE\">Shell</a>Chairman Zuo Hui and other real estate tycoons have ascended the throne of \"the richest man\".</p><p>However, with the state beginning to regulate the \"overheated\" real estate market and the introduction of a series of strict regulatory policies, these listed real estate companies have also encountered the problem of \"turning around in a disaster\", and problems such as capital chain break, income decline, stock price decline and high debt have also followed.</p><p>In August last year, the Ministry of Housing and Urban-Rural Development and the People's Bank of China held a symposium on key real estate enterprises in Beijing, clarifying the fund monitoring and financing management rules of key real estate enterprises, which are the \"three red lines\" that have been rumored many times in the industry before.</p><p>According to the incomplete statistics of Fenghuang Wang's \"Eye of the Storm\", more than half of the 40 leading real estate companies listed in Hong Kong stocks and A shares have their share prices exceeding 30% from the highest point of pullback/retracement within 52 weeks.</p><p><img src=\"https://static.tigerbbs.com/face4ce6faa97c257718c9108ee3c3b8\" tg-width=\"1080\" tg-height=\"1003\" referrerpolicy=\"no-referrer\"></p><p>In fact, in the collective \"big dive\" of A-shares on Monday and Tuesday, out of worries about the policy supervision of the real estate market, A-share real estate stocks also plummeted collectively.<a href=\"https://laohu8.com/S/000718\">Suning Global</a>、<a href=\"https://laohu8.com/S/600773\">Tibet Chengtou</a>It once fell by more than 10%.</p><p><img src=\"https://static.tigerbbs.com/0dfca5e8a01f143057cf5d1f41a95b53\" tg-width=\"324\" tg-height=\"459\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>04. Is the big change in the property market coming?</b></p><p>Wuhan's policy of \"buying a house with room tickets\" also reminds many people of \"food stamps\" and \"meat stamps\" in the era of planned economy. So, does \"buying a house with room tickets\" really mean returning to the era of planned economy? Will other cities follow up?</p><p><img src=\"https://static.tigerbbs.com/cb31adddcc3e0bf4814fad90b355b71b\" tg-width=\"1080\" tg-height=\"219\" referrerpolicy=\"no-referrer\"></p><p>Bai Wenxi said that it has been nearly 30 years since China bid farewell to the ticket era, and the launch of Wuhan's \"room ticket\" touched and brought back people's memory of the era of insufficient supply and tickets everywhere in the planned economy era. As one of the industries with the highest public attention, real estate, which is still brewing, will probably be pushed into the \"hot search\".</p><p>Bai Wenxi believes that the room ticket itself is based on the system design of compressing demand by access control, thus changing the supply and demand relationship of the property market to prevent the property market from overheating. However, the regulation and control of the property market logically needs to start from both ends of supply and demand. While limiting and suppressing demand with quantitative tools and price tools, it is also necessary to balance the relationship between supply and demand by increasing market supply.</p><p>\"Therefore, if we really want to stabilize the relationship between supply and demand in the property market, we should try to reduce and eliminate all kinds of control measures at both ends of supply and demand, guide the allocation of resources and factors with the price mechanism, and reconstruct the relationship between supply and demand, let alone restore the tickets of the planned economy era.\" Bai Wenxi told Phoenix Network's Eye of the Storm.</p><p><img src=\"https://static.tigerbbs.com/b5109cefd2de75f41c0a1a0f3da6acbb\" tg-width=\"720\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p>Whether it is the policy of \"buying a house with room ticket\" issued by Wuhan this time, a series of regulatory policies on the real estate market issued by local governments this year, or the rumored \"real estate tax\" about to be introduced, do these mean that China's property market will usher in a big change?</p><p>Zhuge Housing Search Data Research Center told Phoenix Network's Eye of the Storm: \"The introduction of real estate tax may usher in another reshuffle of the real estate market.\"</p><p>\"From the current real estate policy adjustment, adhering to housing for living and not speculation is the main tone of China's real estate market. Under this principle, first of all, it is necessary to suppress the excessive rise of housing prices through policy regulation and promote the market to gradually return to the rational stage; Secondly, constantly improve and standardize the real estate market system, and timely crack down on some speculation on housing prices and policy loopholes to promote the healthy development of the real estate market; Third, tilt limited resources to just-needed groups to provide a more stable real estate environment for buyers. \"</p><p>Zhuge Housing Data Research Center believes that with the introduction of these policies, the interests of the real just-needed groups are guaranteed, and the mentality of buying houses is gradually rational, which plays a certain role in inhibiting the excessive rise of house prices. In the long run, housing prices in first-tier cities will tend to run smoothly after strict policy control.</p><p>Bai Wenxi believes that if the real estate tax is really introduced soon, it does mean that the real estate market will usher in a big change. However, in fact, the real estate tax has not been submitted for deliberation according to the legislative procedure, and it will not be introduced soon, and there is no timetable.</p><p>Bai Wenxi said that if these policies don't start with the expansion of the supply side, but only take measures such as quantitative tools to control the access of the demand side, such as room tickets, and price tools to control the demand side, such as mortgage ratio and interest rate, the result may just stop boiling, or even rise.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c3c5822c22b6cfd1d0ae2625b7bc085e","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198370900","content_text":"2021年春节过后，原本平静的武汉楼市突然躁动起来。\n短短两个月的时间里，武汉光谷关山大道的中建大公馆、金地格林东郡、泛悦城等楼盘，从2万元/平方米左右的价格，涨到了3、4万元/平方米。\n而房价飞涨的背后，是来自深圳、徐州、枣庄等地的投资客们，利用武汉市相对宽松的落户政策和限购政策，疯狂“炒房”。\n当时，深受其害的武汉当地人对媒体表示：“恨死了这些外地炒房客，政府啥时候能严格限购啊？”\n武汉人民并未等太久。3个月后，7月28日，武汉市房管局发布了关于加强购房资格管理的征求意见稿。意见稿发布后，“武汉将实施凭房票买房”的话题也迅速在网络上引起热议。\n武汉要进入“凭房票买房”时代了？对这个消息，有人支持，有人质疑，还有人担心“炒房”会变成“炒房票”。\n不过，无论如何解读，武汉释放出的楼市“收紧”的信号则是明确的。实际上，正在“收紧”楼市政策的不止武汉一个城市。\n凤凰网《风暴眼》发现，进入2021年以来，包括北京、上海、广州、深圳、杭州等在内的地方政府，都发布了针对房地产市场的更为严格的监管政策。\n随着校外教培行业迎来颠覆式的大变革，很多人也不禁发问：中国楼市的大变革，也要来了吗？\n中国企业资本联盟副理事长、IPG中国首席经济学家柏文喜对凤凰网《风暴眼》表示：“这些政策在短期内会加大和提升投资性需求的购房难度与成本，从而从一定程度上抑制楼市过热问题。但长期来看，如果实际的市场供求关系不改变，影响房价的人口、土地、金融政策不作大的改变，则很难对房价产生实质性影响。”\n\n01、武汉的“凭票买房”，到底是什么？\n在网上引起热议的武汉“凭房票买房”的政策，到底规定了哪些内容呢？\n7月28日，为坚持“房住不炒”定位，进一步加强武汉市购房资格管理工作，武汉市房管局发布《市住房保障房管局关于加强购房资格管理工作的通知（征求意见稿）》，并公开征求意见。\n\n根据意见稿，在购房资格申请上，符合限购区域购买住房的意向购房人可通过官方平台或者通过开发商和中介机构申请购房资格。\n各区房管部门在申请之时起48个小时内完成购房资格认定，并将认定结果反馈给申请人，购房资格认定结果自出具之日起60日内有效。\n《征求意见稿》还要求，购房登记完成后，购房资格认定结果即时锁定，锁定期间不得再次进行购房登记。开盘销售后，购房资格认定结果自动解除锁定。\n柏文喜对凤凰网《风暴眼》表示：“武汉‘凭票买房’的相关设想目前尚处于征求意见阶段，这是为加强楼市管控、立足于购房者资格准入提出的拟意中的制度设计。”\n那么，“凭房票购房”的政策出台后，会对武汉的楼市造成哪些影响呢？\n诸葛找房数据研究中心对凤凰网《风暴眼》表示：“凭票买房政策，是前期政策的一个打补丁新政，也是对限购政策的补充完善，一定程度上可以遏制市场乱象，对规范房地产市场交易有着积极作用，较有力地打击了部分制造虚假热售场面的开发商，一定程度上可以抑制炒房现象。”\n中国豪宅研究院院长朱晓红对凤凰网《风暴眼》表示：“凭票买房与香港、韩国的住房干预有异曲同工之处。对打击炒房，控制过度消费住房产品有好处，但要防止‘以房票谋私’和‘房票买卖’，一定要确保房票给对人。”\n柏文喜也表达了类似的担忧，他表示：“房票表面上会控制需求和打击炒房，但实际上是通过压抑需求和不增加供给进行的，如果运用不当，可能反而会加剧供求矛盾，引发权力腐败、加剧各类变相炒房和地下炒房等行为。”\n02、地方政府密集出台政策，“收紧”信号明显\n实际上，武汉市对于购房资格的政策调整，可能早在2020年就已经开始了。\n去年1月，武汉实行了商品房资格核查全程网办，意向购房者可通过武汉市房管局官网申请资格并查询结果，如果通过审核，即可获取编号和二维码等审核资料信息，该资料60日内购房有效，过期需重新申请。\n可以看出，早在2020年武汉市就已搭建出“凭房票买房”的机制雏形。而此次的征求意见稿，也是对先关政策的补充和完善。\n而除了武汉外，北上广深等一线城市，嘉兴、佛山、无锡等二三线城市，以及住建部等中央部门，也都陆续发布了一系列政策来对房地产市场加强监管。\n1月5日，住建部部长王蒙徽在接受媒体采访时，重申了坚持房住不炒，落实房地产长效机制等政策原则，表示2021年房住不炒仍然作为政策主基调不改变，同时长效机制不断落实完善的信号。\n例如，上海市也在1月份明确继续实施房产税试点。同时，上海市还针对“假离婚，真购房”现象，规定：夫妻离异的，任何一方自夫妻离异之日起3年内购买商品住房的，其拥有住房套数按离异前家庭总套数计算。调整增值税征免年限。将个人对外销售住房增值税征免年限从2年提高至5年。\n3月，西安也发布限购新政，规定购房人骗取或通过“代持”方式规避限购政策的，其本人及“代持人”将列入我市购房失信人员名册，5年内不得购房\n6月，财政部、自然资源部、税务总局、人民银行联合发布通知，国有土地使用权出让收入等四项政府非税收入将划转税务部门征收，一度引起热议。\n7月23日，住建部、发改委、公安部等八部门共同发布关于持续整治规范房地产市场秩序的通知，从房地产开发、房屋买卖、住房租赁以及物业服务四个方面切入，对房地产市场秩序进行全面规范。\n7月30日，银保监会召开全系统2021年年中工作座谈会暨纪检监察工作（电视电话）座谈会。会议强调，要严格执行“三线四档”和房地产贷款集中度要求，防止银行保险资金绕道违规流入房地产市场。\n据凤凰网《风暴眼》不完全统计，从今年1月至今，各地政府和中央相关部门共发布了超过40项针对房地产市场以及其衍生服务的监管和调控政策。数量之多，密度之大，在近年来都是比较罕见的。\n柏文喜对凤凰网《风暴眼》表示：“目前针对房地产政策的调整的原因有三个：第一是防范房地产引发的金融风险问题；第二是内循环模式下需要降低以房地产为代表的经济运行总成本；第三是提升生育意愿和保持人口可持续发展需要降低居住成本压力。”\n\n03、地产公司“风头不再” 股价大幅回撤\n政策的变化，也直接影响到了地产行业的上市公司身上。\n受益于中国房地产市场近年来的快速发展，中国也诞生了一大批巨无霸类的地产上市公司，地产企业也一度被视为“不差钱”的象征。\n万达董事长王健林、已经去世的贝壳董事长左晖等地产大亨们，都曾登上过“首富”的宝座。\n然而随着国家开始对“过热”的房地产市场进行调控，以及一系列严格的监管政策的出台，这些地产上市公司也纷纷遭遇了“船大难掉头”的难题，资金链断裂、收入下滑、股价下跌、高额负债等问题也随之而来。\n去年8月，住房城乡建设部、人民银行在北京召开重点房地产企业座谈会，明确了重点房地产企业资金监测和融资管理规则，也就是此前业内多次传闻的“三条红线”。\n据凤凰网《风暴眼》不完全统计，在港股和A股上市的40家头部地产公司中，有一半以上的公司股价在52周内距最高点回撤超过30%。\n\n事实上，就在本周一、周二的A股集体“大跳水”中，出于对房地产市场政策监管的担忧情绪，A股地产股也集体大跌，苏宁环球、西藏城投一度跌超10%。\n\n04、楼市的大变革，要来了吗\n武汉“凭房票买房”政策，也让很多人联想到了计划经济时代的“粮票”、“肉票”。那么，“凭房票购房”，是否真的意味着回到计划经济时代？是否又会引发其他城市跟进？\n\n柏文喜表示，中国告别票证时代已近三十年了，而武汉“房票”的推出触碰和勾起了了人们对计划经济年代供给不足、处处票证的时代记忆，房地产作为公众关注度最高的行业之一，尚在酝酿之中的武汉“房票”事件大概率会被推上“热搜”。\n柏文喜认为，房票本身是立足于以准入管制来压缩需求，进而改变楼市供求关系以防止楼市过热的制度设计。但是楼市调控逻辑上需要从供求两端着手，在以数量工具与价格工具限制与压抑需求的同时，还要通过增加市场供给来平衡供求关系。\n“因此，真正要平抑楼市供求关系的话，则要尽量减少和消除供求两端的各类管制措施，以价格机制引导资源和要素配置并重构供求关系，更不能恢复计划经济时代的票证。”柏文喜对凤凰网《风暴眼》表示。\n\n无论是武汉市此次出台的“凭房票买房”的政策，还是今年以来各地政府出台的一系列对房地产市场的监管政策，抑或是传闻中即将出台的“房地产税”，这些是否意味着中国楼市将迎来一次大变革呢？\n诸葛找房数据研究中心对凤凰网《风暴眼》表示：“房地产税的出台，或将迎来房地产市场的又一次洗牌。”\n“从目前房地产政策调整来看，坚持房住不炒是我国房地产市场的主基调。在此原则之下，首先需通过政策调控抑制房价上涨过快，促进市场逐渐回归理性阶段；其次，不断完善和规范房地产市场体系，对一些炒作房价、钻政策空子的行为及时进行打击，促进房地产市场健康发展；第三，将有限的资源向刚需群体倾斜，为购房者提供一个更为稳定的房地产环境。”\n诸葛找房数据研究中心认为，随着这些政策出台，真正的刚需群体利益得到保障，购房心态也逐渐理性，对房价过快上涨起到一定的抑制作用。长期来看，一线城市房价在经过严格的政策调控后，房价将趋于平稳运行。\n柏文喜认为，如果房产税真的很快出台，确实意味着房地产市场将迎来一次大变革，但是事实上房地产税按照立法程序尚未提交审议，是不会很快出台，也没有时间表的。\n柏文喜表示，这些政策如果不是从扩大供给端入手，而是仅仅采取控制需求端准入的数量工具如房票、控制需求端的价格工具如按揭成数与利率等措施，结果可能只是扬汤止沸，甚至越调越涨。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3756,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890507369,"gmtCreate":1628122601351,"gmtModify":1703501532787,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890507369","repostId":"2156717176","repostType":4,"repost":{"id":"2156717176","kind":"highlight","pubTimestamp":1628047054,"share":"https://ttm.financial/m/news/2156717176?lang=en_US&edition=fundamental","pubTime":"2021-08-04 11:17","market":"us","language":"zh","title":"stagflation Risk Increased! Goldman Sachs: Hedge well against sharp declines in U.S. stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2156717176","media":"华尔街见闻","summary":"美股仍处高位，不过已经有华尔街大行开始警告下跌的风险了。高盛就提醒投资者，市场开始变得相当不稳定了，要关注股票下跌风险，并做好对冲准备。\n高盛策略师Christian Mueller-Glissman","content":"<p>U.S. stocks remain high, but some major Wall Street banks have begun to warn of the risk of falling.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Just remind investors that the market is beginning to become quite unstable, pay attention to the risk of stock decline and be prepared to hedge.</p><p>Christian Mueller-Glissmann, a strategist at Goldman Sachs, said in a recent research report that the S&P 500 index has not fallen by 5% for 187 days, which is one of the longest periods in the past 100 years; As stocks and bonds become more expensive, multi-asset portfolios are also becoming more vulnerable to interest rate and economic growth shocks.</p><p><b>Mueller-Glissmann first took a closer look at recent inflation indicators, noting that breakeven inflation outperforms other \"procyclical\" assets.</b>Generally speaking, the two have always been closely related throughout history; But recent performance shows that breakeven inflation appears to be increasingly different from various historical correlation indicators.</p><p>First, EU breakeven inflation outperformed assets like Cyclicals (EU Cyclicals vs Defensives) last week. Moreover, in fact, this trend has appeared since the second quarter of this year.</p><p>Not only in Europe, but also in the United States. Since the second half of last year, US breakeven inflation (US breakeves) and procyclical assets (US cyclical vs Defensives) have been decoupled continuously.</p><p><b>Breakeven inflation is commonly used to measure inflation expectations. It is important to note, however, that the rise in breakeven inflation is not reflected in the more important real interest rate.</b></p><p>Conversely, real interest rates across the term structure have been falling as breakeven inflation has risen, with the 10 year real rate in both Europe and the US hitting new lows in recent times.</p><p><b>In this case, Goldman Sachs warned that such low real interest rates point to the market's pricing of stagflation risk, which seems to be somewhat contradictory to the economic recovery.</b>In the view of Goldman Sachs economists, the U.S. economic recovery is generally on track, and inflationary pressures will eventually ease.</p><p>At the heart of reflation are bonds. Bonds have risen strongly since June and the yield curve has flattened, hinting not only at the risk of a recent slowdown in economic growth, but also at the risk of sustained long-term stagnation in the new cycle as monetary and fiscal support wears off. Additionally, the downside in long-term bond yields is largely driven by real yields, while break-even inflation is sticky — suggesting growing concerns about stagflation. Regarding the market outlook, Goldman Sachs strategist Mueller-Glissmann said that the market may need some catalysts to reprice higher interest rates, and this week's strong jobs report may help clarify the future trend.</p><p><b>Moreover, he warned that the risk of a stock market correction has increased. Moreover, the widening gap between S&P 500 returns and changes in bond yields over the past six months, coupled with the fact that real interest rates are already very low and stock valuations are very high, makes stocks more vulnerable to economic growth and interest rates.</b></p><p>In addition to the above reasons, Goldman Sachs gave other reasons in the report.</p><p>Goldman's Risk Appetite Indicator, for example, has plummeted recently. Looking at the index composition, growth optimism (RAI PC1) remains under pressure. This means that although the earnings season in Europe and the United States is generally strong going forward, the market is still not convinced that there will be more positive growth drivers at the end of the year and the new cycle, considering the beginning of disappointing fiscal stimulus measures in the United States and the drag on consumption by the COVID-19 pandemic.</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>stagflation Risk Increased! Goldman Sachs: Hedge well against sharp declines in U.S. stocks</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\">\nstagflation Risk Increased! Goldman Sachs: Hedge well against sharp declines in U.S. stocks\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\">2021-08-04 11:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. stocks remain high, but some major Wall Street banks have begun to warn of the risk of falling.<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Just remind investors that the market is beginning to become quite unstable, pay attention to the risk of stock decline and be prepared to hedge.</p><p>Christian Mueller-Glissmann, a strategist at Goldman Sachs, said in a recent research report that the S&P 500 index has not fallen by 5% for 187 days, which is one of the longest periods in the past 100 years; As stocks and bonds become more expensive, multi-asset portfolios are also becoming more vulnerable to interest rate and economic growth shocks.</p><p><b>Mueller-Glissmann first took a closer look at recent inflation indicators, noting that breakeven inflation outperforms other \"procyclical\" assets.</b>Generally speaking, the two have always been closely related throughout history; But recent performance shows that breakeven inflation appears to be increasingly different from various historical correlation indicators.</p><p>First, EU breakeven inflation outperformed assets like Cyclicals (EU Cyclicals vs Defensives) last week. Moreover, in fact, this trend has appeared since the second quarter of this year.</p><p>Not only in Europe, but also in the United States. Since the second half of last year, US breakeven inflation (US breakeves) and procyclical assets (US cyclical vs Defensives) have been decoupled continuously.</p><p><b>Breakeven inflation is commonly used to measure inflation expectations. It is important to note, however, that the rise in breakeven inflation is not reflected in the more important real interest rate.</b></p><p>Conversely, real interest rates across the term structure have been falling as breakeven inflation has risen, with the 10 year real rate in both Europe and the US hitting new lows in recent times.</p><p><b>In this case, Goldman Sachs warned that such low real interest rates point to the market's pricing of stagflation risk, which seems to be somewhat contradictory to the economic recovery.</b>In the view of Goldman Sachs economists, the U.S. economic recovery is generally on track, and inflationary pressures will eventually ease.</p><p>At the heart of reflation are bonds. Bonds have risen strongly since June and the yield curve has flattened, hinting not only at the risk of a recent slowdown in economic growth, but also at the risk of sustained long-term stagnation in the new cycle as monetary and fiscal support wears off. Additionally, the downside in long-term bond yields is largely driven by real yields, while break-even inflation is sticky — suggesting growing concerns about stagflation. Regarding the market outlook, Goldman Sachs strategist Mueller-Glissmann said that the market may need some catalysts to reprice higher interest rates, and this week's strong jobs report may help clarify the future trend.</p><p><b>Moreover, he warned that the risk of a stock market correction has increased. Moreover, the widening gap between S&P 500 returns and changes in bond yields over the past six months, coupled with the fact that real interest rates are already very low and stock valuations are very high, makes stocks more vulnerable to economic growth and interest rates.</b></p><p>In addition to the above reasons, Goldman Sachs gave other reasons in the report.</p><p>Goldman's Risk Appetite Indicator, for example, has plummeted recently. Looking at the index composition, growth optimism (RAI PC1) remains under pressure. This means that although the earnings season in Europe and the United States is generally strong going forward, the market is still not convinced that there will be more positive growth drivers at the end of the year and the new cycle, considering the beginning of disappointing fiscal stimulus measures in the United States and the drag on consumption by the COVID-19 pandemic.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3637091\">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/4b6684517506a0b0f4c4c5a1c4889261","relate_stocks":{"GS":"高盛"},"source_url":"https://wallstreetcn.com/articles/3637091","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156717176","content_text":"美股仍处高位，不过已经有华尔街大行开始警告下跌的风险了。高盛就提醒投资者，市场开始变得相当不稳定了，要关注股票下跌风险，并做好对冲准备。\n高盛策略师Christian Mueller-Glissmann在最近的一篇研报中表示，标普500指数已经有187天没有出现下跌5%的情况，为过去100年来最长持续时间之一；随着股票和债券越来越贵，多资产组合也变得更容易受到利率和经济增长冲击的影响。\nMueller-Glissmann首先仔细观察了近期的通胀指标，指出盈亏平衡通胀表现优于其他“顺周期”资产。通常来说，这两者在历史上一直是密切相关的；但是近期的表现显示，盈亏平衡通胀与各种历史相关性指标的差异似乎越来越大。\n首先，上周欧洲盈亏平衡通胀（EU breakeven inflation）表现优于周期股等资产（EU Cyclicals vs Defensives）。并且，实际上今年二季度以来就已经出现了这一趋势。\n不仅是欧洲，美国也是如此。去年下半年开始美国盈亏平衡通胀（US breakeves）和顺周期资产（US cyclical vs Defensives）就开始不断脱钩了。\n盈亏平衡通胀通常被用于衡量通胀预期。然而需要注意的是，盈亏平衡通胀的上升并没有反映在更重要的实际利率上。\n相反，随着盈亏平衡通胀的上升，整个期限结构的实际利率一直在下降，欧洲和美国的10年期实际利率均在近期创下了新低。\n对于上述情形，高盛警告，如此低的实际利率水平指向了市场对滞涨风险的定价，而这似乎与经济复苏有些矛盾。在高盛经济学家看来，美国经济复苏大体上处在轨道上，通胀压力最终也会缓解。\n\n 通货再膨胀的核心是债券。债券自6月以来强劲上扬，收益率曲线趋平，不仅暗示了近期经济增长放缓的风险，同时也显示了随着货币和财政支持的消失，新一周期内持续长期停滞的风险。此外，长期限债券收益率下行主要是由实际收益率推动的，而盈亏平衡通胀具有粘性——这表明对滞涨的担忧日益加剧。\n\n对于后市的走势，高盛策略师Mueller-Glissmann表示，市场可能需要一些催化剂来重新定价更高的利率，本周强劲的就业报告可能有助于明晰日后的趋势。\n此外，他还警告，股市调整的风险已经增加了。此外，过去6个月，标普500回报率和债券收益率变化之间的差距不断扩大，再加上实际利率已经非常低了，且股票估值非常高，这使得股票更易受到经济增长和利率的冲击。\n除了上述原因之外，高盛还在报告中给出了其他理由。\n比如，高盛风险偏好指标（Goldman's Risk Appetite Indicator）近期重挫。从指数组成来看，增长乐观情绪（RAI PC1）仍处于压力之下。这意味着尽管往后看欧洲和美国的财报季总体强劲，但是考虑到美国财政刺激措施开始令人失望，以及新冠疫情拖累了消费，市场仍然不相信在年底和新周期会出现更多积极的增长动力。","news_type":1,"symbols_score_info":{"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":3265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163664076,"gmtCreate":1623883600395,"gmtModify":1703822214254,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163664076","repostId":"1109204514","repostType":4,"repost":{"id":"1109204514","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":1623866545,"share":"https://ttm.financial/m/news/1109204514?lang=en_US&edition=fundamental","pubTime":"2021-06-17 02:02","market":"sh","language":"zh","title":"Fed Dot Plot: Median Expectations Fed Will rate hike Twice By End Of 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=1109204514","media":"老虎资讯综合","summary":"虽然依然保持近零利率和QE购债规模不变，但本周美联储会议释放了两年后、即2023年较有可能加息不止一次的明显信号。\n美东时间6月16日周三，美联储会后公布，联储货币政策委员会FOMC的委员一致同意，将","content":"<p>Although the near-zero interest rate and the scale of QE bond purchases remain unchanged, this week's Fed meeting released an obvious signal that two years later, that is, 2023, is more likely to rate hike more than once.</p><p>On Wednesday, June 16th, Eastern Time, the Federal Reserve announced after the meeting that the members of the FOMC Monetary Policy Committee of the Federal Reserve unanimously agreed to keep the target level of the policy interest rate Federal Funds rate unchanged at 0-0.25%, in line with market expectations, while maintaining the excess reserve rate (IOER) and discount rate at 0.10% and 0.25% respectively.</p><p>Like the previous eight post-meeting statements, the Fed continues to pledge to use \"all the scope\" of the Fed's policy tools to support the U.S. economy.</p><p>The dot plot released after the meeting shows that, like the last dot plot released in March this year, all Fed officials expect interest rates to remain unchanged this year, and for a longer period after 2023, most Fed officials expect interest rates to rise to 2.5%, higher than the Fed's long-term target of 2%. Different from the last dot plot:</p><p><ul><li>Of the 18 officials who released expectations,<b>This time, 7 people are expected to rate hike in 2022</b>Three more people than the previous expected number,<b>The number accounts for nearly 40%.</b></li><li>Among the 18 people this time,<b>13 people are expected to meet in rate hike in 2023, accounting for more than 72%</b>, six more than the last expected 2023 rate hike<b>。</b></li><li><b>Of those 13 who expect to raise rates in 2023, 11 expect rates to exceed 0.5% by then,</b>Number of persons<b>Accounting for more than 61%</b>Five more people than expected last time,<b>Five people expect interest rates to exceed 1% by then</b>Three more than expected last time, the number of<b>Accounting for nearly 30%</b>。</li></ul>Which means,<b>If a rate hike of 25 basis points at a time</b>, then,<b>More than 60 percent of officials this time expect the Fed to have at least two rate hike by the end of 2023 on its current basis</b>。</p><p>After the FOMC decision was announced at 2 pm in the East of the United States, the yield of 10-year U.S. bonds rose above 1.50% and 1.51%, turning up and rising by nearly 2 basis points during the day. The decline of U.S. stocks widened, with the Dow falling nearly 370 points or more than 1%, the S&P 500 falling nearly 1% and the Nasdaq falling 0.7%. Five minutes later, the Dow's losses narrowed slightly to 285, with the S&P 500 and Nasdaq both down 0.7%. Gold and silver dived, and spot gold fell by 0.5% again in the day and fell below $1,850, falling over $10 in the short term. Bitcoin narrowed its decline, returning to above $39,000, and the US Dollar Index rose above the 90.70 and 90.80 barriers, setting a one-month high.</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>Fed Dot Plot: Median Expectations Fed Will rate hike Twice By End Of 2023</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\">\nFed Dot Plot: Median Expectations Fed Will rate hike Twice By End Of 2023\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-17 02:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Although the near-zero interest rate and the scale of QE bond purchases remain unchanged, this week's Fed meeting released an obvious signal that two years later, that is, 2023, is more likely to rate hike more than once.</p><p>On Wednesday, June 16th, Eastern Time, the Federal Reserve announced after the meeting that the members of the FOMC Monetary Policy Committee of the Federal Reserve unanimously agreed to keep the target level of the policy interest rate Federal Funds rate unchanged at 0-0.25%, in line with market expectations, while maintaining the excess reserve rate (IOER) and discount rate at 0.10% and 0.25% respectively.</p><p>Like the previous eight post-meeting statements, the Fed continues to pledge to use \"all the scope\" of the Fed's policy tools to support the U.S. economy.</p><p>The dot plot released after the meeting shows that, like the last dot plot released in March this year, all Fed officials expect interest rates to remain unchanged this year, and for a longer period after 2023, most Fed officials expect interest rates to rise to 2.5%, higher than the Fed's long-term target of 2%. Different from the last dot plot:</p><p><ul><li>Of the 18 officials who released expectations,<b>This time, 7 people are expected to rate hike in 2022</b>Three more people than the previous expected number,<b>The number accounts for nearly 40%.</b></li><li>Among the 18 people this time,<b>13 people are expected to meet in rate hike in 2023, accounting for more than 72%</b>, six more than the last expected 2023 rate hike<b>。</b></li><li><b>Of those 13 who expect to raise rates in 2023, 11 expect rates to exceed 0.5% by then,</b>Number of persons<b>Accounting for more than 61%</b>Five more people than expected last time,<b>Five people expect interest rates to exceed 1% by then</b>Three more than expected last time, the number of<b>Accounting for nearly 30%</b>。</li></ul>Which means,<b>If a rate hike of 25 basis points at a time</b>, then,<b>More than 60 percent of officials this time expect the Fed to have at least two rate hike by the end of 2023 on its current basis</b>。</p><p>After the FOMC decision was announced at 2 pm in the East of the United States, the yield of 10-year U.S. bonds rose above 1.50% and 1.51%, turning up and rising by nearly 2 basis points during the day. The decline of U.S. stocks widened, with the Dow falling nearly 370 points or more than 1%, the S&P 500 falling nearly 1% and the Nasdaq falling 0.7%. Five minutes later, the Dow's losses narrowed slightly to 285, with the S&P 500 and Nasdaq both down 0.7%. Gold and silver dived, and spot gold fell by 0.5% again in the day and fell below $1,850, falling over $10 in the short term. Bitcoin narrowed its decline, returning to above $39,000, and the US Dollar Index rose above the 90.70 and 90.80 barriers, setting a one-month high.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a1de7aced7748879f251930783a3cb1","relate_stocks":{".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109204514","content_text":"虽然依然保持近零利率和QE购债规模不变，但本周美联储会议释放了两年后、即2023年较有可能加息不止一次的明显信号。\n美东时间6月16日周三，美联储会后公布，联储货币政策委员会FOMC的委员一致同意，将政策利率联邦基金利率的目标水平保持在0-0.25%不变，符合市场预期，同时将超额准备金利率（IOER）和贴现利率仍分别维持在0.10%和0.25%。\n和前八次会后声明一样，美联储继续承诺，将为了支持美国经济而运用联储“所有范围”的政策工具。\n会后公布的点阵图显示，和今年3月上次发布的点阵图一样，所有美联储官员均预计今年利率保持不变，在2023年之后的更长时间内，多数联储官员预计利率会升至2.5%，高于联储长期目标2%。不同于上次点阵图的是：\n\n在18名发布预期的官员中，本次有7人预计2022年将加息，比上次这样预期的人数多3人，人数占比将近40%。\n本次18人中有13人预计2023年会加息，人数占比超过72%，比上次预期2023年加息者多6人。\n在预计2023年加息的这13人中，有11人预计届时利率将超过0.5%，人数占比超过61%，比上次这样预期者多5人，预计届时利率超过1%的有5人，比上次这样预期者多3人，人数占比将近30%。\n\n这意味着，若一次加息25个基点，那么，本次有六成以上的多数官员都预计，到2023年末，美联储将在当前基础上至少两次加息。\n在美东下午2点FOMC决策公布后，10年期美债收益率升破1.50%和1.51%两道关口，日内转涨并升近2个基点。美股跌幅扩大，道指跌近370点或超1%，标普500指数跌近1%，纳指跌0.7%。5分钟后，道指跌幅小幅收窄至285点，标普500指数和纳指均跌0.7%。金银跳水，现货黄金日内重新下跌0.5%并失守1850美元，短线跌超10美元。比特币跌幅收窄，重回3.9万美元上方，美元指数升破90.70和90.80两道关口，刷新一个月高位。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894658362,"gmtCreate":1628823772456,"gmtModify":1676529866554,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894658362","repostId":"2159698722","repostType":4,"isVote":1,"tweetType":1,"viewCount":2663,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117972063,"gmtCreate":1623115310252,"gmtModify":1704196344259,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"Good job g7","listText":"Good job g7","text":"Good job g7","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117972063","repostId":"2141259172","repostType":4,"isVote":1,"tweetType":1,"viewCount":3124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117976651,"gmtCreate":1623115277973,"gmtModify":1704196343767,"author":{"id":"3585481693131980","authorId":"3585481693131980","name":"Bluez","avatar":"https://static.tigerbbs.com/e319262691b62ffc43be5e2d506ecdc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585481693131980","idStr":"3585481693131980"},"themes":[],"htmlText":"Good job g7","listText":"Good job g7","text":"Good job g7","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117976651","repostId":"2141259172","repostType":4,"isVote":1,"tweetType":1,"viewCount":2810,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}