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2023-02-06

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2022-12-04

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2022-12-02

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2023-01-04

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2022-10-02

Q4 Kicks off Amid Volatility, Jobs Report in Focus: What to Know This Week

2023-01-07

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2022-09-17

US STOCKS-Wall St Drops to Two-Month Lows As Recession Fears Mount

2022-09-16

Uber, FedEx, Texas Instruments And More: U.S. Stocks To Watch

2022-11-01

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2022-10-26

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2022-12-11

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2023-01-04

US STOCKS-S&P Closes Higher After Fed Minutes Confirm Inflation Focus

2022-11-23

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2022-10-26

ASX Gains, Buoyed By JB Hi-Fi and Super Retail

2022-12-27

Wall Street’s Big Banks Score $1 Trillion of Profit in a Decade

2022-11-09

Even At The 12-Month Low, Tesla Is Not A Compelling Buy

2022-11-03

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2022-09-22

Coinbase Tested Group to Speculate on Crypto

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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1675724038,"share":"https://ttm.financial/m/news/2309310743?lang=&edition=full_marsco","pubTime":"2023-02-07 06:53","market":"us","language":"en","title":"Wall St Ends Down As Investors Await Fed's Next Steps","url":"https://stock-news.laohu8.com/highlight/detail?id=2309310743","media":"Reuters","summary":"* Miner Newmont drops on Newcrest bid* Chinese stocks fall on geopolitical jitters* Dow down 0.11%, ","content":"<html><head></head><body><p>* Miner Newmont drops on Newcrest bid</p><p>* Chinese stocks fall on geopolitical jitters</p><p>* Dow down 0.11%, S&amp;P 500 down 0.62%, Nasdaq down 1.00%</p><p><img src=\"https://static.tigerbbs.com/aa0dcbb4ffe2be597bc70c0410c180aa\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Feb 6 (Reuters) - U.S. stocks ended lower on Monday as investors shifted gears after considering the possibility that the U.S. Federal Reserve may take longer to start cutting interest rates.</p><p>Traders are keeping a close eye on speeches by Fed officials this week, including Chair Jerome Powell on Tuesday, for any change in the central bank&#39;s rhetoric after data last week showed services activity was strong in January as well as strong job growth.</p><p>&#34;We got that blowout jobs report, and people have had to reassess what the outlook for the Fed and the economy is. Tomorrow it will be interesting to see if Powell continues his transformation from hawk to dove,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investments.</p><p>U.S. Treasury Secretary Janet Yellen said on Monday the United States may avoid a recession as inflation is coming down while the labor market remains strong.</p><p>After taking a hit in 2022, U.S. equities have recovered strongly in 2023, led by megacap growth stocks amid short-lived hopes that the Fed will temper its aggressive rate hikes, which in turn could alleviate some pressure on equity valuations.</p><p>Money market participants now see the benchmark rate peaking at 5.1% by July, in line with what most policymakers have backed repeatedly.</p><p>Yield on the 10-year U.S. Treasury note extended gains to a four-week high.</p><p>On the corporate side, analysts expect quarterly earnings of S&amp;P 500 firms to decline 2.8% in the fourth quarter, according to Refinitiv.</p><p>The Dow Jones Industrial Average ended down 34.99 points, or 0.10%, at 33,891.02, the S&amp;P 500 lost 25.40 points, or 0.61%, to 4,111.08 and the Nasdaq Composite dropped 119.50 points, or 1%, to 11,887.45.</p><p>Volume on U.S. exchanges was 11.17 billion shares, compared with the 11.858 billion average for the full session over the last 20 trading days.</p><p>Tyson Foods Inc fell 4.6% after missing analysts&#39; estimates for quarterly revenue and profit.</p><p>Miner Newmont Corp slid 4.5% on its $16.9 billion offer for Australian peer Newcrest Mining Ltd to build a global gold behemoth.</p><p>Contrary to the overall trend, Tesla Inc rose 2.5% after a U.S. jury on Friday found Chief Executive Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had &#34;funding secured&#34; to take the electric-vehicle maker private.</p><p>Meme stocks, such as AMC Entertainment and Gamestop , also gained steam late in the session, ending 11.8% and 7.2% higher, respectively.</p><p>U.S.-listed Chinese stocks such as Pinduoduo Inc fell 1.9% on geopolitical concerns after a U.S. military fighter jet shot down a suspected Chinese spy balloon off the coast of South Carolina on Saturday.</p><p>Most of the 11 major S&amp;P 500 sector indexes were in the red, except for utilities and consumer staples.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.37-to-1 ratio; on Nasdaq, a 1.98-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 5 new 52-week highs and 1 new low; the Nasdaq Composite recorded 79 new highs and 19 new lows. (Reporting by Shubham Batra and Johann M Cherian in Bengaluru and Carolina Mandl in New York Editing by Shounak Dasgupta and Matthew Lewis)</p></body></html>","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>Wall St Ends Down As Investors Await Fed's Next Steps</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall St Ends Down As Investors Await Fed's Next Steps\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-02-07 06:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Miner Newmont drops on Newcrest bid</p><p>* Chinese stocks fall on geopolitical jitters</p><p>* Dow down 0.11%, S&amp;P 500 down 0.62%, Nasdaq down 1.00%</p><p><img src=\"https://static.tigerbbs.com/aa0dcbb4ffe2be597bc70c0410c180aa\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Feb 6 (Reuters) - U.S. stocks ended lower on Monday as investors shifted gears after considering the possibility that the U.S. Federal Reserve may take longer to start cutting interest rates.</p><p>Traders are keeping a close eye on speeches by Fed officials this week, including Chair Jerome Powell on Tuesday, for any change in the central bank&#39;s rhetoric after data last week showed services activity was strong in January as well as strong job growth.</p><p>&#34;We got that blowout jobs report, and people have had to reassess what the outlook for the Fed and the economy is. Tomorrow it will be interesting to see if Powell continues his transformation from hawk to dove,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investments.</p><p>U.S. Treasury Secretary Janet Yellen said on Monday the United States may avoid a recession as inflation is coming down while the labor market remains strong.</p><p>After taking a hit in 2022, U.S. equities have recovered strongly in 2023, led by megacap growth stocks amid short-lived hopes that the Fed will temper its aggressive rate hikes, which in turn could alleviate some pressure on equity valuations.</p><p>Money market participants now see the benchmark rate peaking at 5.1% by July, in line with what most policymakers have backed repeatedly.</p><p>Yield on the 10-year U.S. Treasury note extended gains to a four-week high.</p><p>On the corporate side, analysts expect quarterly earnings of S&amp;P 500 firms to decline 2.8% in the fourth quarter, according to Refinitiv.</p><p>The Dow Jones Industrial Average ended down 34.99 points, or 0.10%, at 33,891.02, the S&amp;P 500 lost 25.40 points, or 0.61%, to 4,111.08 and the Nasdaq Composite dropped 119.50 points, or 1%, to 11,887.45.</p><p>Volume on U.S. exchanges was 11.17 billion shares, compared with the 11.858 billion average for the full session over the last 20 trading days.</p><p>Tyson Foods Inc fell 4.6% after missing analysts&#39; estimates for quarterly revenue and profit.</p><p>Miner Newmont Corp slid 4.5% on its $16.9 billion offer for Australian peer Newcrest Mining Ltd to build a global gold behemoth.</p><p>Contrary to the overall trend, Tesla Inc rose 2.5% after a U.S. jury on Friday found Chief Executive Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had &#34;funding secured&#34; to take the electric-vehicle maker private.</p><p>Meme stocks, such as AMC Entertainment and Gamestop , also gained steam late in the session, ending 11.8% and 7.2% higher, respectively.</p><p>U.S.-listed Chinese stocks such as Pinduoduo Inc fell 1.9% on geopolitical concerns after a U.S. military fighter jet shot down a suspected Chinese spy balloon off the coast of South Carolina on Saturday.</p><p>Most of the 11 major S&amp;P 500 sector indexes were in the red, except for utilities and consumer staples.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.37-to-1 ratio; on Nasdaq, a 1.98-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 5 new 52-week highs and 1 new low; the Nasdaq Composite recorded 79 new highs and 19 new lows. (Reporting by Shubham Batra and Johann M Cherian in Bengaluru and Carolina Mandl in New York Editing by Shounak Dasgupta and Matthew Lewis)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSN":"泰森食品","NEM":"纽曼矿业",".SPX":"S&P 500 Index","GME":"游戏驿站","TSLA":"特斯拉","PDD":"拼多多",".DJI":"道琼斯","AMC":"AMC院线",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2309310743","content_text":"* Miner Newmont drops on Newcrest bid* Chinese stocks fall on geopolitical jitters* Dow down 0.11%, S&P 500 down 0.62%, Nasdaq down 1.00%Feb 6 (Reuters) - U.S. stocks ended lower on Monday as investors shifted gears after considering the possibility that the U.S. Federal Reserve may take longer to start cutting interest rates.Traders are keeping a close eye on speeches by Fed officials this week, including Chair Jerome Powell on Tuesday, for any change in the central bank's rhetoric after data last week showed services activity was strong in January as well as strong job growth.\"We got that blowout jobs report, and people have had to reassess what the outlook for the Fed and the economy is. Tomorrow it will be interesting to see if Powell continues his transformation from hawk to dove,\" said Brian Jacobsen, senior investment strategist at Allspring Global Investments.U.S. Treasury Secretary Janet Yellen said on Monday the United States may avoid a recession as inflation is coming down while the labor market remains strong.After taking a hit in 2022, U.S. equities have recovered strongly in 2023, led by megacap growth stocks amid short-lived hopes that the Fed will temper its aggressive rate hikes, which in turn could alleviate some pressure on equity valuations.Money market participants now see the benchmark rate peaking at 5.1% by July, in line with what most policymakers have backed repeatedly.Yield on the 10-year U.S. Treasury note extended gains to a four-week high.On the corporate side, analysts expect quarterly earnings of S&P 500 firms to decline 2.8% in the fourth quarter, according to Refinitiv.The Dow Jones Industrial Average ended down 34.99 points, or 0.10%, at 33,891.02, the S&P 500 lost 25.40 points, or 0.61%, to 4,111.08 and the Nasdaq Composite dropped 119.50 points, or 1%, to 11,887.45.Volume on U.S. exchanges was 11.17 billion shares, compared with the 11.858 billion average for the full session over the last 20 trading days.Tyson Foods Inc fell 4.6% after missing analysts' estimates for quarterly revenue and profit.Miner Newmont Corp slid 4.5% on its $16.9 billion offer for Australian peer Newcrest Mining Ltd to build a global gold behemoth.Contrary to the overall trend, Tesla Inc rose 2.5% after a U.S. jury on Friday found Chief Executive Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had \"funding secured\" to take the electric-vehicle maker private.Meme stocks, such as AMC Entertainment and Gamestop , also gained steam late in the session, ending 11.8% and 7.2% higher, respectively.U.S.-listed Chinese stocks such as Pinduoduo Inc fell 1.9% on geopolitical concerns after a U.S. military fighter jet shot down a suspected Chinese spy balloon off the coast of South Carolina on Saturday.Most of the 11 major S&P 500 sector indexes were in the red, except for utilities and consumer staples.Declining issues outnumbered advancing ones on the NYSE by a 3.37-to-1 ratio; on Nasdaq, a 1.98-to-1 ratio favored decliners.The S&P 500 posted 5 new 52-week highs and 1 new low; the Nasdaq Composite recorded 79 new highs and 19 new lows. (Reporting by Shubham Batra and Johann M Cherian in Bengaluru and Carolina Mandl in New York Editing by Shounak Dasgupta and Matthew Lewis)","news_type":1},"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955695338,"gmtCreate":1675380802724,"gmtModify":1676538997606,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586683911578378","idStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955695338","repostId":"1122399758","repostType":4,"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9956676843,"gmtCreate":1674001684382,"gmtModify":1676538914317,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586683911578378","idStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956676843","repostId":"2304567530","repostType":2,"repost":{"id":"2304567530","kind":"news","pubTimestamp":1673898255,"share":"https://ttm.financial/m/news/2304567530?lang=&edition=full_marsco","pubTime":"2023-01-17 03:44","market":"hk","language":"en","title":"Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdown","url":"https://stock-news.laohu8.com/highlight/detail?id=2304567530","media":"CNA:","summary":"Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdown","content":"<div>\n<p>Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdown</p>\n\n<a href=\"https://t.co/OdYxcRE8pV\">Web Link</a>\n\n</div>\n","source":"redbox_twitter","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>Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDavos 2023: Palantir CEO predicts hiring while preparing for economic slowdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 03:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://t.co/OdYxcRE8pV><strong>CNA:</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdown</p>\n\n<a href=\"https://t.co/OdYxcRE8pV\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc.","BK4547":"WSB热门概念","BK4023":"应用软件","BK4543":"AI"},"source_url":"https://t.co/OdYxcRE8pV","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2304567530","content_text":"Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdown","news_type":1},"isVote":1,"tweetType":1,"viewCount":67,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959759705,"gmtCreate":1673078515208,"gmtModify":1676538784625,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586683911578378","idStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959759705","repostId":"2301620946","repostType":4,"repost":{"id":"2301620946","kind":"highlight","pubTimestamp":1673051740,"share":"https://ttm.financial/m/news/2301620946?lang=&edition=full_marsco","pubTime":"2023-01-07 08:35","market":"us","language":"en","title":"Is Now the Time to Go All-In on Tesla Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2301620946","media":"Motley Fool","summary":"Tesla stock has never been this inexpensive, but there are some good reasons for that.","content":"<html><head></head><body><h2>KEY POINTS</h2><ul><li>If you think Tesla is just a consumer EV play, then it&#39;s not a compelling buy.</li><li>But if you think Tesla will become a major player in the commercial trucking industry and be a leader in autonomous technology, then it&#39;s a great time to buy.</li><li>Tesla could fail to meet its lofty goals over the next couple of years.</li></ul><p><b>Tesla</b> stock had a rough first day of the 2023 trading calendar year, falling 12.2%. But shares were down as much as 15% at one point during the session.</p><p>The sell-off was largely due to Tesla&#39;s disappointing delivery numbers for Q4 2022, which were released on Monday when markets were closed. Tesla achieved record deliveries of 1.314 million vehicles in 2022, including 405,278 deliveries in Q4 alone. But many analysts, such as Wedbush Securities&#39; Dan Ives, were expecting a Q4 delivery figure in the range of 415,000 to 420,000.</p><p>Tesla produced 8.5% more vehicles than it delivered for the quarter. It remains to be seen if the gap between production and deliveries was due to decreasing demand or logistics issues. Either way, the lower-than-expected delivery number adds yet another cause for concern to a stock that is down a staggering 59% in the last three months.</p><p>With the stock hitting a two-year intraday low on Monday, is now the time to go all-in? Or could there be more pain ahead for the electric vehicle (EV) industry leader?</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9647ab92415cfa85ca674b8957ba91b9\" tg-width=\"700\" tg-height=\"525\" width=\"100%\" height=\"auto\"/><span>Image source: Tesla.</span></p><h2>A tale of two investment theses</h2><p><b>Daniel Foelber:</b> As tempting as it may be to buy Tesla amid the steep sell-off, I think investors should first take a step back and decide what they believe Tesla&#39;s value proposition really is.</p><p>There are many facets to Tesla&#39;s business. The core is the production and sale of electric cars to consumers, which has a lot of room for growth in its own right.</p><p>But the bigger growth story is arguably the company&#39;s penetration into the trucking industry, as well as its proprietary autonomous driving technology.</p><p>There are plenty of companies that are working on lowering emissions for Class 8 trucks by substituting diesel for compressed natural gas or using alternative fuels. But no company has achieved the milestones that Tesla has with its electric semi-truck. In November of last year, Tesla&#39;s semi-truck achieved 500 miles of range with a full load. By comparison, <b>Volvo</b>&#39;s electric FM truck has a range of over 235 miles. However, the electric semi-truck race is just as much about cost and availability as it is about specs. Even so, Tesla&#39;s progress indicates that the electric semi-truck industry could one day end up being more profitable for Tesla than its consumer cars. But that&#39;s a big &#34;if.&#34; And in the meantime, it&#39;s going to cost a lot of money to scale semi-truck production.</p><p>In addition to the semi-truck and autonomous driving markets, there&#39;s the opportunity for Tesla to expand its renewable energy generation and storage efforts, which remain a sideshow at this point.</p><p>Investors interested in the EV industry are getting a rare opportunity to buy Tesla stock at its lowest forward price to earnings ratio ever. However, the stock is still more expensive today than it was from 2016 to 2019 based on its tangible book value.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/febd5852afe0bfb3481820aec769acae\" tg-width=\"720\" tg-height=\"496\" width=\"100%\" height=\"auto\"/><span>TSLA PE Ratio (Forward) data by YCharts</span></p><p>The company is likely to take market share in a slowdown because it has the balance sheet and operating margin to handle weakening demand better than its EV competitors. That advantage alone justifies opening a starter position in Tesla stock.</p><p>But if you&#39;re the kind of investor that believes Tesla has a chance to disrupt the autonomous driving industry and take market share across the transportation industry (including the trucking industry), then making Tesla a top-10 -- or even top-five -- holding makes a lot of sense, especially at this price.</p><h2>Accumulation is a safer approach</h2><p><b>Howard Smith:</b> Investors have had high expectations for Tesla over the past three years, and have assigned it a correspondingly high valuation. But for those that believe the company and EV sector will continue to grow, the 65% drop in the stock price in 2022 provides a compelling opportunity to invest in the industry leader. I do believe that, and I did recently add Tesla shares to my portfolio. That doesn&#39;t mean it&#39;s necessarily a good idea to jump in with an outsized position, however.</p><p>That&#39;s especially true with Tesla, since it is in a still-evolving sector and could disappoint investors in the near term. A case in point was its recently announced fourth-quarter vehicle delivery data. The shortfall in deliveries came as demand has been impacted by increasing competition, slowing global economies, and the effects of COVID-19 spreading in China.</p><p>Looking at the bigger picture, however, the company&#39;s growth remains strong. Its production increased 47% in 2022 versus 2021. But deliveries only increased 40%, leading investors to believe Tesla might not, in fact, meet its previous projections to average 50% growth over the next few years.</p><p>That said, now seems to be a good time to begin buying, or adding to your position. Even if Tesla grows earnings by only 30%, it recently was priced at a price/earnings-to-growth (PEG) ratio of below 1.0 based on 2023 estimates. Accumulating shares makes sense now for long-term investors, but there may be better prices to add more later. That&#39;s a good reason not to jump in all at once.</p><h2>Tesla is a battleground stock for a reason</h2><p>As swift and brutal as the Tesla stock sell-off has been, there are valid reasons why Tesla stock deserved to fall. The valuation had gotten nosebleed, to put it lightly. Tesla stock rose 743% in 2020 and then <i>another</i> 50% in 2021 for a two-year gain of -- wait for it -- 1,263%.</p><p>Tesla stock could easily set new all-time highs in the future. The problem with stock prices rising so quickly is that the company has to hit lofty goals to make the valuation reasonable. And as impressive as Tesla&#39;s growth has been, a mix of macroeconomic and self-inflicted challenges are making those lofty goals increasingly unlikely. Missing delivery expectation paired with the possibility of a recession (and slowing demand for discretionary purchases like cars) adds another layer of issues impacting Tesla.</p><p>In sum, now isn&#39;t the time to go all-in on Tesla stock. But it is the perfect opportunity to reassess what your investment thesis for Tesla is, as well as if you want to open a starter position in Tesla or add to Tesla stock now that it&#39;s at a reasonable valuation.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Now the Time to Go All-In on Tesla Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Now the Time to Go All-In on Tesla Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-07 08:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/01/06/is-now-the-time-to-go-all-in-on-tesla-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSIf you think Tesla is just a consumer EV play, then it's not a compelling buy.But if you think Tesla will become a major player in the commercial trucking industry and be a leader in ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/01/06/is-now-the-time-to-go-all-in-on-tesla-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4527":"明星科技股","LU2063271972.USD":"富兰克林创新领域基金","BK4555":"新能源车","BK4550":"红杉资本持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4574":"无人驾驶","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4551":"寇图资本持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4581":"高盛持仓","LU1548497426.USD":"安联环球人工智能AT Acc","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4511":"特斯拉概念","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4585":"ETF&股票定投概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","BK4534":"瑞士信贷持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://www.fool.com/investing/2023/01/06/is-now-the-time-to-go-all-in-on-tesla-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2301620946","content_text":"KEY POINTSIf you think Tesla is just a consumer EV play, then it's not a compelling buy.But if you think Tesla will become a major player in the commercial trucking industry and be a leader in autonomous technology, then it's a great time to buy.Tesla could fail to meet its lofty goals over the next couple of years.Tesla stock had a rough first day of the 2023 trading calendar year, falling 12.2%. But shares were down as much as 15% at one point during the session.The sell-off was largely due to Tesla's disappointing delivery numbers for Q4 2022, which were released on Monday when markets were closed. Tesla achieved record deliveries of 1.314 million vehicles in 2022, including 405,278 deliveries in Q4 alone. But many analysts, such as Wedbush Securities' Dan Ives, were expecting a Q4 delivery figure in the range of 415,000 to 420,000.Tesla produced 8.5% more vehicles than it delivered for the quarter. It remains to be seen if the gap between production and deliveries was due to decreasing demand or logistics issues. Either way, the lower-than-expected delivery number adds yet another cause for concern to a stock that is down a staggering 59% in the last three months.With the stock hitting a two-year intraday low on Monday, is now the time to go all-in? Or could there be more pain ahead for the electric vehicle (EV) industry leader?Image source: Tesla.A tale of two investment thesesDaniel Foelber: As tempting as it may be to buy Tesla amid the steep sell-off, I think investors should first take a step back and decide what they believe Tesla's value proposition really is.There are many facets to Tesla's business. The core is the production and sale of electric cars to consumers, which has a lot of room for growth in its own right.But the bigger growth story is arguably the company's penetration into the trucking industry, as well as its proprietary autonomous driving technology.There are plenty of companies that are working on lowering emissions for Class 8 trucks by substituting diesel for compressed natural gas or using alternative fuels. But no company has achieved the milestones that Tesla has with its electric semi-truck. In November of last year, Tesla's semi-truck achieved 500 miles of range with a full load. By comparison, Volvo's electric FM truck has a range of over 235 miles. However, the electric semi-truck race is just as much about cost and availability as it is about specs. Even so, Tesla's progress indicates that the electric semi-truck industry could one day end up being more profitable for Tesla than its consumer cars. But that's a big \"if.\" And in the meantime, it's going to cost a lot of money to scale semi-truck production.In addition to the semi-truck and autonomous driving markets, there's the opportunity for Tesla to expand its renewable energy generation and storage efforts, which remain a sideshow at this point.Investors interested in the EV industry are getting a rare opportunity to buy Tesla stock at its lowest forward price to earnings ratio ever. However, the stock is still more expensive today than it was from 2016 to 2019 based on its tangible book value.TSLA PE Ratio (Forward) data by YChartsThe company is likely to take market share in a slowdown because it has the balance sheet and operating margin to handle weakening demand better than its EV competitors. That advantage alone justifies opening a starter position in Tesla stock.But if you're the kind of investor that believes Tesla has a chance to disrupt the autonomous driving industry and take market share across the transportation industry (including the trucking industry), then making Tesla a top-10 -- or even top-five -- holding makes a lot of sense, especially at this price.Accumulation is a safer approachHoward Smith: Investors have had high expectations for Tesla over the past three years, and have assigned it a correspondingly high valuation. But for those that believe the company and EV sector will continue to grow, the 65% drop in the stock price in 2022 provides a compelling opportunity to invest in the industry leader. I do believe that, and I did recently add Tesla shares to my portfolio. That doesn't mean it's necessarily a good idea to jump in with an outsized position, however.That's especially true with Tesla, since it is in a still-evolving sector and could disappoint investors in the near term. A case in point was its recently announced fourth-quarter vehicle delivery data. The shortfall in deliveries came as demand has been impacted by increasing competition, slowing global economies, and the effects of COVID-19 spreading in China.Looking at the bigger picture, however, the company's growth remains strong. Its production increased 47% in 2022 versus 2021. But deliveries only increased 40%, leading investors to believe Tesla might not, in fact, meet its previous projections to average 50% growth over the next few years.That said, now seems to be a good time to begin buying, or adding to your position. Even if Tesla grows earnings by only 30%, it recently was priced at a price/earnings-to-growth (PEG) ratio of below 1.0 based on 2023 estimates. Accumulating shares makes sense now for long-term investors, but there may be better prices to add more later. That's a good reason not to jump in all at once.Tesla is a battleground stock for a reasonAs swift and brutal as the Tesla stock sell-off has been, there are valid reasons why Tesla stock deserved to fall. The valuation had gotten nosebleed, to put it lightly. Tesla stock rose 743% in 2020 and then another 50% in 2021 for a two-year gain of -- wait for it -- 1,263%.Tesla stock could easily set new all-time highs in the future. The problem with stock prices rising so quickly is that the company has to hit lofty goals to make the valuation reasonable. And as impressive as Tesla's growth has been, a mix of macroeconomic and self-inflicted challenges are making those lofty goals increasingly unlikely. Missing delivery expectation paired with the possibility of a recession (and slowing demand for discretionary purchases like cars) adds another layer of issues impacting Tesla.In sum, now isn't the time to go all-in on Tesla stock. But it is the perfect opportunity to reassess what your investment thesis for Tesla is, as well as if you want to open a starter position in Tesla or add to Tesla stock now that it's at a reasonable valuation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959907594,"gmtCreate":1672875543219,"gmtModify":1676538750900,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586683911578378","idStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959907594","repostId":"1168220495","repostType":4,"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959907839,"gmtCreate":1672875533021,"gmtModify":1676538750893,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586683911578378","idStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959907839","repostId":"1134285140","repostType":4,"isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959907068,"gmtCreate":1672875454954,"gmtModify":1676538750883,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586683911578378","idStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9959907068","repostId":"2301847027","repostType":4,"repost":{"id":"2301847027","kind":"highlight","pubTimestamp":1672864820,"share":"https://ttm.financial/m/news/2301847027?lang=&edition=full_marsco","pubTime":"2023-01-05 04:40","market":"us","language":"en","title":"Fed Affirms Inflation Resolve, Pushes Back Against Rate-Cut Bets","url":"https://stock-news.laohu8.com/highlight/detail?id=2301847027","media":"Bloomberg","summary":"Officials warn against ‘unwarranted’ loosening of conditionsMisperception of reaction function would","content":"<html><head></head><body><ul><li>Officials warn against ‘unwarranted’ loosening of conditions</li><li>Misperception of reaction function would complicate FOMC’s job</li></ul><p>(Bloomberg) -- Federal Reserve officials last month affirmed their resolve to bring down inflation and, in an unusually blunt warning to investors, cautioned against underestimating their will to keep interest rates high for some time.</p><p>Going into the meeting, markets were pricing in rate cuts in the second half of 2023. The tone of the minutes of the Federal Open Market Committee’s Dec. 13-14 meeting suggested frustration that this was undermining the central bank’s efforts to bring price pressures under control.</p><p>Fed officials noted that “an unwarranted easing in financial conditions, especially if driven by a misperception by the public of the committee’s reaction function, would complicate the committee’s effort to restore price stability,” according to the minutes released in Washington on Wednesday.</p><p>US stocks pared gains following the report, while the Fed policy-sensitive two-year Treasury yield rose and the dollar remained lower. Pricing in financial futures continues to show investors betting the Fed will begin lowering rates before the end of 2023.</p><p>“A big concern of their messaging here is that the market is pricing in cuts by the second half of this year,” said Michael Feroli, chief US economist at JPMorgan Chase &amp; Co. With inflation too high, officials “realize that the risk of overtightening is just something that they have to swallow and stomach,” he told Bloomberg Television.</p><p>US central bankers raised the benchmark lending rate by half a percentage point at their gathering, slowing down after an aggressive string of four straight 75 basis-point increases. Officials also issued fresh forecasts that showed a hawkish tilt with more hikes projected in 2023 than investors expect. No fed official forecast rate cuts this year.</p><p><img src=\"https://static.tigerbbs.com/cc9ffcfcb267ceb9e942891e3a679e83\" tg-width=\"620\" tg-height=\"304\" referrerpolicy=\"no-referrer\"/></p><p>“They don’t see light at the end of the tunnel yet with inflation,” said Derek Tang, an economist at LH Meyer in Washington. “They’re so alert of financial easing that’s ‘unwarranted’ that the scale should tilt to staying with 50 basis points in February. That’ll drive the message home.”</p><p>The minutes showed Fed officials intent on lowering inflation back toward their 2% target at the risk of rising unemployment and slower growth.</p><p>The record also highlighted the Fed’s rate projections being “notably above” market expectations for the path of policy, which several officials argued should underscore the FOMC’s determination to lower inflation to its 2% goal.</p><p>The Fed’s move last month extended its most aggressive tightening cycle since the 1980s. Starting from near zero in March, officials lifted their benchmark lending rate through successive meetings to a target range of 4.25% to 4.5%, the highest since 2007.</p><h3>‘More Work’</h3><p>Still, Chair Jerome Powell said at a post-meeting press conference that the committee has “more work to do,” explaining that how high rates ultimately rise and how long the Fed holds them there was more important than the pace at which officials reach that destination.</p><p>He also described the labor market as “out of balance,” and “extremely tight,” and warned that restoring stable prices is likely to require some “softening” in job market conditions.</p><p>A report earlier Wednesday showed that job openings — a key metric for Powell — were little changed at an elevated level in November. US payrolls are projected to have risen by a still-solid 200,000 in December, according to economists polled Bloomberg ahead of the release of the monthly employment report on Friday.</p><p>Quarterly economic estimates updated by Fed officials last month showed rates rising to 5.1% this year, according to their median projection, up from 4.6% in the prior round of forecasts in September.</p><p>The Fed’s staff said the possibility of a recession was “a plausible alternative to the baseline” outlook for slow economic growth for 2023.</p><h3>Downside Risks</h3><p>“The sluggish growth in real private domestic spending expected over the next year, a subdued global economic outlook, and persistently tight financial conditions were seen as tilting the risks to the downside around the baseline projection for real economic activity,” they said.</p><p>Seventeen of 19 officials projected rates at or above 5.1% this year. By comparison, not a single Fed official in September had forecast rates above 5% in 2023.</p><p>Policymakers next meet Jan. 31 and Feb. 1. Ahead of Wednesday’s minutes, futures markets were pricing in an increase of at least a quarter percentage point.</p><p>The minutes said officials will decide “meeting by meeting” on rates.</p><p>The more restrictive policy stance is expected to lift the unemployment rate to 4.6% by the end of the year, compared with 3.7% seen in November, the Fed’s latest projections showed.</p><p>Their forecasts also showed a higher median estimate for core inflation of 3.5% in 2023, about a percentage point lower than the 4.7% November reading of the core personal consumption expenditures price index.</p></body></html>","source":"lsy1584095487587","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 Affirms Inflation Resolve, Pushes Back Against Rate-Cut Bets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Affirms Inflation Resolve, Pushes Back Against Rate-Cut Bets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-05 04:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-04/fed-affirms-inflation-resolve-signals-concern-on-market-views><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Officials warn against ‘unwarranted’ loosening of conditionsMisperception of reaction function would complicate FOMC’s job(Bloomberg) -- Federal Reserve officials last month affirmed their resolve to ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-04/fed-affirms-inflation-resolve-signals-concern-on-market-views\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2023-01-04/fed-affirms-inflation-resolve-signals-concern-on-market-views","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2301847027","content_text":"Officials warn against ‘unwarranted’ loosening of conditionsMisperception of reaction function would complicate FOMC’s job(Bloomberg) -- Federal Reserve officials last month affirmed their resolve to bring down inflation and, in an unusually blunt warning to investors, cautioned against underestimating their will to keep interest rates high for some time.Going into the meeting, markets were pricing in rate cuts in the second half of 2023. The tone of the minutes of the Federal Open Market Committee’s Dec. 13-14 meeting suggested frustration that this was undermining the central bank’s efforts to bring price pressures under control.Fed officials noted that “an unwarranted easing in financial conditions, especially if driven by a misperception by the public of the committee’s reaction function, would complicate the committee’s effort to restore price stability,” according to the minutes released in Washington on Wednesday.US stocks pared gains following the report, while the Fed policy-sensitive two-year Treasury yield rose and the dollar remained lower. Pricing in financial futures continues to show investors betting the Fed will begin lowering rates before the end of 2023.“A big concern of their messaging here is that the market is pricing in cuts by the second half of this year,” said Michael Feroli, chief US economist at JPMorgan Chase & Co. With inflation too high, officials “realize that the risk of overtightening is just something that they have to swallow and stomach,” he told Bloomberg Television.US central bankers raised the benchmark lending rate by half a percentage point at their gathering, slowing down after an aggressive string of four straight 75 basis-point increases. Officials also issued fresh forecasts that showed a hawkish tilt with more hikes projected in 2023 than investors expect. No fed official forecast rate cuts this year.“They don’t see light at the end of the tunnel yet with inflation,” said Derek Tang, an economist at LH Meyer in Washington. “They’re so alert of financial easing that’s ‘unwarranted’ that the scale should tilt to staying with 50 basis points in February. That’ll drive the message home.”The minutes showed Fed officials intent on lowering inflation back toward their 2% target at the risk of rising unemployment and slower growth.The record also highlighted the Fed’s rate projections being “notably above” market expectations for the path of policy, which several officials argued should underscore the FOMC’s determination to lower inflation to its 2% goal.The Fed’s move last month extended its most aggressive tightening cycle since the 1980s. Starting from near zero in March, officials lifted their benchmark lending rate through successive meetings to a target range of 4.25% to 4.5%, the highest since 2007.‘More Work’Still, Chair Jerome Powell said at a post-meeting press conference that the committee has “more work to do,” explaining that how high rates ultimately rise and how long the Fed holds them there was more important than the pace at which officials reach that destination.He also described the labor market as “out of balance,” and “extremely tight,” and warned that restoring stable prices is likely to require some “softening” in job market conditions.A report earlier Wednesday showed that job openings — a key metric for Powell — were little changed at an elevated level in November. US payrolls are projected to have risen by a still-solid 200,000 in December, according to economists polled Bloomberg ahead of the release of the monthly employment report on Friday.Quarterly economic estimates updated by Fed officials last month showed rates rising to 5.1% this year, according to their median projection, up from 4.6% in the prior round of forecasts in September.The Fed’s staff said the possibility of a recession was “a plausible alternative to the baseline” outlook for slow economic growth for 2023.Downside Risks“The sluggish growth in real private domestic spending expected over the next year, a subdued global economic outlook, and persistently tight financial conditions were seen as tilting the risks to the downside around the baseline projection for real economic activity,” they said.Seventeen of 19 officials projected rates at or above 5.1% this year. By comparison, not a single Fed official in September had forecast rates above 5% in 2023.Policymakers next meet Jan. 31 and Feb. 1. Ahead of Wednesday’s minutes, futures markets were pricing in an increase of at least a quarter percentage point.The minutes said officials will decide “meeting by meeting” on rates.The more restrictive policy stance is expected to lift the unemployment rate to 4.6% by the end of the year, compared with 3.7% seen in November, the Fed’s latest projections showed.Their forecasts also showed a higher median estimate for core inflation of 3.5% in 2023, about a percentage point lower than the 4.7% November reading of the core personal consumption expenditures price index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959902992,"gmtCreate":1672875052217,"gmtModify":1676538750809,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586683911578378","idStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959902992","repostId":"2301405863","repostType":4,"repost":{"id":"2301405863","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1672872942,"share":"https://ttm.financial/m/news/2301405863?lang=&edition=full_marsco","pubTime":"2023-01-05 06:55","market":"us","language":"en","title":"US STOCKS-S&P Closes Higher After Fed Minutes Confirm Inflation Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=2301405863","media":"Reuters","summary":"(Reuters) - The S&P 500 finished higher on Wednesday but below its session peak after volatile tradi","content":"<html><head></head><body><p>(Reuters) - The S&amp;P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve&#39;s last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace.</p><p>Officials at the Fed&#39;s Dec. 13-14 policy meeting agreed the U.S. central bank should continue increasing the cost of credit to control the pace of price increases, but in a gradual way intended to limit the risks to economic growth.</p><p>Investors were poring over the Fed&#39;s internal deliberations for clues about its future path. After the meeting, Fed Chair Jerome Powell had said more hikes were needed, and took a more hawkish tone than investors had expected back then.</p><p>While some money managers said the minutes included no surprises, the market appeared to have been holding onto hopes for some sign that the Fed was at least considering easing its policy tightening.</p><p>&#34;The market is like a kid asking for ice cream. The parents say &#39;no,&#39; but the market keeps asking because the parents have caved in the past,&#34; said Burns McKinney, portfolio manager at NFJ Investment Group LLC in Dallas. &#34;The market still thinks it&#39;s going to get ice cream, just not as soon as they thought before.&#34;</p><p>McKinney pointed to the minutes for evidence of Fed officials&#39; concern that an unwarranted easing of financial conditions would complicate their efforts to fight inflation.</p><p>The Dow Jones Industrial Average rose 133.4 points, or 0.4%, to 33,269.77; the S&amp;P 500 gained 28.83 points, or 0.75%, to 3,852.97; and the Nasdaq Composite added 71.78 points, or 0.69%, to 10,458.76.</p><p>The S&amp;P&#39;s rate-sensitive technology index lost some ground after the minutes before finishing up 0.26%. Even the bank sector, which benefits from higher rates, pared gains but still finished up 1.9%.</p><p>Energy was the weakest of the S&amp;P&#39;s 11 major industry sectors, closing up 0.06%, while real estate was the strongest, closed up 2.3%, followed by a 1.7% gain in materials.</p><p>Also on Wednesday, Minneapolis Fed President Neel Kashkari also stressed the need for continued rate hikes, setting out his own forecast that the policy rate should initially pause at 5.4%.</p><p>&#34;The Fed minutes are a good reminder for investors to expect rates to remain high throughout all of 2023. Amid a persistently strong job market, it makes sense that fighting inflation remains the name of the game for the Fed,&#34; said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office in New York.</p><p>&#34;Bottom line is that, even though we flipped the calendar, the market headwinds from last year remain.”</p><p>Market participants now see a 68.8% chance of a 25 basis points rate hike from the Fed in February, but still see rates peaking just below 5% by June..</p><p>Earlier in the day, data showed U.S. job openings in November indicating a tight labor market, giving the Fed cover to stick to its monetary tightening campaign for longer, while other data showed manufacturing contracted further in December.</p><p>U.S. equities were pummeled in 2022 on worries of a recession due to aggressive monetary policy tightening, with the three main stock indexes logging their steepest annual losses since 2008.</p><p>On the Nasdaq 100 the largest gainer was U.S. shares of JD.Com Inc, which rose 14.7% on hopes for a post-COVID-19 recovery in China. The largest decliner was Microsoft, down 4.4% after a UBS analyst downgraded the stock to &#34;neutral&#34; from a &#34;buy&#34; rating.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 4.30-to-1 ratio; on Nasdaq, a 2.74-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted five new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 51 new lows.</p><p>On U.S. exchanges 11.35 billion shares changed hands, compared with the 10.83 billion-share average for the last 20 trading days, which included some volume weakness due to the holidays.</p></body></html>","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>US STOCKS-S&P Closes Higher After Fed Minutes Confirm Inflation Focus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P Closes Higher After Fed Minutes Confirm Inflation Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-01-05 06:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - The S&amp;P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve&#39;s last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace.</p><p>Officials at the Fed&#39;s Dec. 13-14 policy meeting agreed the U.S. central bank should continue increasing the cost of credit to control the pace of price increases, but in a gradual way intended to limit the risks to economic growth.</p><p>Investors were poring over the Fed&#39;s internal deliberations for clues about its future path. After the meeting, Fed Chair Jerome Powell had said more hikes were needed, and took a more hawkish tone than investors had expected back then.</p><p>While some money managers said the minutes included no surprises, the market appeared to have been holding onto hopes for some sign that the Fed was at least considering easing its policy tightening.</p><p>&#34;The market is like a kid asking for ice cream. The parents say &#39;no,&#39; but the market keeps asking because the parents have caved in the past,&#34; said Burns McKinney, portfolio manager at NFJ Investment Group LLC in Dallas. &#34;The market still thinks it&#39;s going to get ice cream, just not as soon as they thought before.&#34;</p><p>McKinney pointed to the minutes for evidence of Fed officials&#39; concern that an unwarranted easing of financial conditions would complicate their efforts to fight inflation.</p><p>The Dow Jones Industrial Average rose 133.4 points, or 0.4%, to 33,269.77; the S&amp;P 500 gained 28.83 points, or 0.75%, to 3,852.97; and the Nasdaq Composite added 71.78 points, or 0.69%, to 10,458.76.</p><p>The S&amp;P&#39;s rate-sensitive technology index lost some ground after the minutes before finishing up 0.26%. Even the bank sector, which benefits from higher rates, pared gains but still finished up 1.9%.</p><p>Energy was the weakest of the S&amp;P&#39;s 11 major industry sectors, closing up 0.06%, while real estate was the strongest, closed up 2.3%, followed by a 1.7% gain in materials.</p><p>Also on Wednesday, Minneapolis Fed President Neel Kashkari also stressed the need for continued rate hikes, setting out his own forecast that the policy rate should initially pause at 5.4%.</p><p>&#34;The Fed minutes are a good reminder for investors to expect rates to remain high throughout all of 2023. Amid a persistently strong job market, it makes sense that fighting inflation remains the name of the game for the Fed,&#34; said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office in New York.</p><p>&#34;Bottom line is that, even though we flipped the calendar, the market headwinds from last year remain.”</p><p>Market participants now see a 68.8% chance of a 25 basis points rate hike from the Fed in February, but still see rates peaking just below 5% by June..</p><p>Earlier in the day, data showed U.S. job openings in November indicating a tight labor market, giving the Fed cover to stick to its monetary tightening campaign for longer, while other data showed manufacturing contracted further in December.</p><p>U.S. equities were pummeled in 2022 on worries of a recession due to aggressive monetary policy tightening, with the three main stock indexes logging their steepest annual losses since 2008.</p><p>On the Nasdaq 100 the largest gainer was U.S. shares of JD.Com Inc, which rose 14.7% on hopes for a post-COVID-19 recovery in China. The largest decliner was Microsoft, down 4.4% after a UBS analyst downgraded the stock to &#34;neutral&#34; from a &#34;buy&#34; rating.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 4.30-to-1 ratio; on Nasdaq, a 2.74-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted five new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 51 new lows.</p><p>On U.S. exchanges 11.35 billion shares changed hands, compared with the 10.83 billion-share average for the last 20 trading days, which included some volume weakness due to the holidays.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","COMP":"Compass, Inc.",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2301405863","content_text":"(Reuters) - The S&P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve's last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace.Officials at the Fed's Dec. 13-14 policy meeting agreed the U.S. central bank should continue increasing the cost of credit to control the pace of price increases, but in a gradual way intended to limit the risks to economic growth.Investors were poring over the Fed's internal deliberations for clues about its future path. After the meeting, Fed Chair Jerome Powell had said more hikes were needed, and took a more hawkish tone than investors had expected back then.While some money managers said the minutes included no surprises, the market appeared to have been holding onto hopes for some sign that the Fed was at least considering easing its policy tightening.\"The market is like a kid asking for ice cream. The parents say 'no,' but the market keeps asking because the parents have caved in the past,\" said Burns McKinney, portfolio manager at NFJ Investment Group LLC in Dallas. \"The market still thinks it's going to get ice cream, just not as soon as they thought before.\"McKinney pointed to the minutes for evidence of Fed officials' concern that an unwarranted easing of financial conditions would complicate their efforts to fight inflation.The Dow Jones Industrial Average rose 133.4 points, or 0.4%, to 33,269.77; the S&P 500 gained 28.83 points, or 0.75%, to 3,852.97; and the Nasdaq Composite added 71.78 points, or 0.69%, to 10,458.76.The S&P's rate-sensitive technology index lost some ground after the minutes before finishing up 0.26%. Even the bank sector, which benefits from higher rates, pared gains but still finished up 1.9%.Energy was the weakest of the S&P's 11 major industry sectors, closing up 0.06%, while real estate was the strongest, closed up 2.3%, followed by a 1.7% gain in materials.Also on Wednesday, Minneapolis Fed President Neel Kashkari also stressed the need for continued rate hikes, setting out his own forecast that the policy rate should initially pause at 5.4%.\"The Fed minutes are a good reminder for investors to expect rates to remain high throughout all of 2023. Amid a persistently strong job market, it makes sense that fighting inflation remains the name of the game for the Fed,\" said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office in New York.\"Bottom line is that, even though we flipped the calendar, the market headwinds from last year remain.”Market participants now see a 68.8% chance of a 25 basis points rate hike from the Fed in February, but still see rates peaking just below 5% by June..Earlier in the day, data showed U.S. job openings in November indicating a tight labor market, giving the Fed cover to stick to its monetary tightening campaign for longer, while other data showed manufacturing contracted further in December.U.S. equities were pummeled in 2022 on worries of a recession due to aggressive monetary policy tightening, with the three main stock indexes logging their steepest annual losses since 2008.On the Nasdaq 100 the largest gainer was U.S. shares of JD.Com Inc, which rose 14.7% on hopes for a post-COVID-19 recovery in China. The largest decliner was Microsoft, down 4.4% after a UBS analyst downgraded the stock to \"neutral\" from a \"buy\" rating.Advancing issues outnumbered declining ones on the NYSE by a 4.30-to-1 ratio; on Nasdaq, a 2.74-to-1 ratio favored advancers.The S&P 500 posted five new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 51 new lows.On U.S. exchanges 11.35 billion shares changed hands, compared with the 10.83 billion-share average for the last 20 trading days, which included some volume weakness due to the holidays.","news_type":1},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925795210,"gmtCreate":1672104848130,"gmtModify":1676538634410,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586683911578378","idStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925795210","repostId":"1194032780","repostType":4,"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925795672,"gmtCreate":1672104836097,"gmtModify":1676538634402,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586683911578378","idStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925795672","repostId":"1164296913","repostType":4,"repost":{"id":"1164296913","kind":"news","pubTimestamp":1672103703,"share":"https://ttm.financial/m/news/1164296913?lang=&edition=full_marsco","pubTime":"2022-12-27 09:15","market":"us","language":"en","title":"Wall Street’s Big Banks Score $1 Trillion of Profit in a Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=1164296913","media":"Bloomberg","summary":"Malick Diop felt something shifting on Wall Street.He’d joined Morgan Stanley in the grim days of 20","content":"<html><head></head><body><p>Malick Diop felt something shifting on Wall Street.</p><p>He’d joined Morgan Stanley in the grim days of 2009, when big banks were trying to pay back taxpayer bailouts and deflect public fury. But four years later, the ire was fading and ambition was the order of the day.</p><p>“It really felt like, for the first time, the job and the career weren’t defined by the context of the financial crisis,” Diop said. “We are past this now. And now it’s time for us to do new deals.” In the years that followed, his rise to managing director traced a new boom. He helped orchestrate a multibillion-dollar deal with SoftBank Group, whose breakneck investments defined an era, then closed a huge SPAC merger at the height of that rush.</p><p><img src=\"https://static.tigerbbs.com/54df256d6814c9b038230cdbd3cced2b\" tg-width=\"667\" tg-height=\"406\" width=\"100%\" height=\"auto\"/></p><p>Diop didn’t know it, but he was playing a small role in something almost unfathomably lucrative: The first trillion-dollar decade for the six giants of US banking. That’s not $1 trillion of total revenue, it’s pure profit.</p><p>Such a haul didn’t seem possible before the decade began, when Wall Street was the target of a global protest movement and politicians at both ends of the spectrum were seething over bailouts or aiming to break up too-big-to-fail lenders.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9cc1b6fd89304f1edae3547fb49589f4\" tg-width=\"800\" tg-height=\"509\" width=\"100%\" height=\"auto\"/><span>Occupy Wall Street demonstrators march in New York in November 2011.Photographer: Peter Foley/Bloomberg</span></p><p>They swelled instead, outpacing corporate America so handily thatJPMorgan Chase &amp; Co.,Bank of America Corp., and even hobbledWells Fargo &amp; Co.are on track to make more profit over those 10 years than all but a few publicly traded US companies, according to data compiled by Bloomberg.Citigroup Inc.,Goldman Sachs Group Inc.andMorgan Stanleyaren’t far behind. And together the six are poised to make even more next year.</p><p>While much of the world’s attention was focused on the riches minted by Silicon Valley, banks were gaining momentum. There isn’t one way to explain how they pulled it off: Volatility juiced Wall Street’s trading hauls, investment bankers like Diop rode a dealmaking boom, and Donald Trump boosted bottom lines by slashing taxes. Likewise, there isn’t one reaction across the industry to the milestone.</p><p><img src=\"https://static.tigerbbs.com/a35df2072785576c50fe09317f250a02\" tg-width=\"680\" tg-height=\"410\" width=\"100%\" height=\"auto\"/></p><p>“Sometimes there’s this sense that the fact that they profited that much is somehow terrible, and I just don’t think that’s the case,” said Betsy Duke, a former Federal Reserve governor who chaired Wells Fargo’s board until 2020. “About everything you could throw at the financial system has been thrown at it in the last 10 years. These banks have not just survived but they’ve actually thrived.”</p><p>In a decade of public anger at the banks, tougher rules, geopolitical havoc, the pandemic and some treacherous market swings, banks “were able to cope with all of that, and not only cope with it but earn $1 trillion,” Duke said.</p><p>Analyst estimates show the six banks are quickly closing in on that feat — $1 trillion in a 10-year period — and that if they don&#39;t reach the milestone at the end of this month, they will sometime in the first few weeks of 2023. It isn’t just the scale of profit that’s so startling, though, but the industry’s ability to push through scandals and thrive anew.</p><p>Ten years ago, JPMorgan, now the most profitable and valuable US bank by market capitalization, was in the doghouse after the London Whale trading fiasco. Wells was on top of the big six, the most valuable and the sole member of the group pulling in more than $20 billion. Though its earnings were later derailed over revelations of consumer abuses, analysts see it nearing that level again in 2023.</p><p>What didn’t transform over those years is the broad outline of the business: Banks sell stocks and bonds, trade financial instruments, advise on corporate takeovers, manage wealth, handle payments and lend. Back in 2013, some traders were already mourning the casino-style risk-taking that Dodd-Frank of 2010 threatened, even if Washington was still hammering out the exact rules.</p><h2>Paying for Scandals</h2><p>To get out of the shadow of the global crisis, the banks had to pay. In 2014, Bank of America agreed to a record-breaking $16.7 billion settlement to end probes into shoddy mortgage practices, passing JPMorgan’s $13 billion. By then, some banks were mining new veins of profit that got them into trouble.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89feefd8ad4764aaa06a2815556afc47\" tg-width=\"800\" tg-height=\"460\" width=\"100%\" height=\"auto\"/><span>A crowd of onlookers gathers outside Lehman Brothers headquarters in New York in September 2008.Photographer: Mario Tama/Getty Images North America</span></p><p>Employees inside Wells Fargo, under pressure to meet sales targets, set up millions of accounts for customers who hadn’t asked for them, the most famous in a series of scandals that ultimately spanned most of its businesses. And in Malaysia, Goldman Sachs finished raising billions of dollars in 2013 for a state-owned investment fund known as 1MDB, which was then pilfered by a group including the former prime minister.</p><p>“My biggest regret in the last decade was not stopping the 1MDB transaction,” said former Goldman partner Robert Mass, a compliance executive. “Each issue was vetted, in some cases multiple times, but in the end the answers that we received satisfied us.” Mass, who now teaches philosophy at Hunter College in New York, said the firm was “misled by our own people, who were in on the bribe, in a way that we had no reason to doubt and could not disprove.” He wasn’t sure if he learned any lessons, “other than to be less trusting.”</p><p>The magnitude of profit makes those mistakes look like hiccups. One person the industry can thank, Trump, taunted banks on the campaign trail before putting two Goldman alumni in charge of a tax overhaul that helped transform corporate profits. Banks that had gotten used to paying three in ten dollars to the government found themselves forking over less than one in five for 2018. Their tax bills went down from there.</p><p>That year marked a new intensity for Wall Street’s growth. Banks that had made less than $70 billion in 2017 made $120 billion in 2018 thanks to tax cuts, an uptick in interest rates and surges in retail banking and dealmaking. Their combined assets, which hovered around $10 trillion for years, began to shoot up.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e5e674f59894542565271642554160d\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/><span>President Donald Trump speaks alongside Director of the National Economic Council Gary Cohn and Treasury Secretary Steve Mnuchin at Trump Tower in New York in August 2017.Photographer: Drew Angerer/Getty Images</span></p><p>The way top Wall Street lawyer H. Rodgin Cohen sees it, all of this shouldn’t be a surprise. “Banks may be seen as always winning with a couple of exceptions because of their role in the economy,” said Cohen, who’s now senior chair of Sullivan &amp; Cromwell LLP. “They are intermediaries. They’re borrowing and they’re lending.”</p><p>The decade was a frothy time to be a banker. Personnel expenses for the six companies, which had hovered around $148 billion at the beginning of the era before dropping for a few years, jumped to $154 billion in 2019, never mind that their overall number of employees had actually fallen. Jamie Dimon, the JPMorgan boss who’d already become a billionaire, would eventually get such a big pay package that a proxy advisory firm told shareholders tovote againstit.</p><p>“One of the goals of a good society is that everyone, including those people at the bottom, have enough to survive and flourish,” said Mass, the former Goldman partner who now studies ethics. “I am OK that people are paid well for producing products and services that increase the overall level of wealth in society, but only when we combine that with appropriate taxation and sufficient social safety so that those at the bottom can flourish.” He added that he isn’t enough of an expert to say if current taxes and safety nets are the right size.</p><p>Few things transformed the landscape of Wall Street as profoundly as the pandemic’s arrival in 2020. To avoid economic cataclysm, the government rolled out relief programs for consumers and businesses, and the Fed bought trillions of dollars of assets. The market mayhem brought back the volatility that trading floors crave. Corporations lined up to borrow, raise capital or buy weakened competitors.</p><p>Things were changing inside the banks, too. When police murdered George Floyd that May, Diop found himself inundated with messages from classmates and colleagues.</p><p>“It was from an actual good place and well meaning, but at the same time you get 20 of those calls because you are the lone person that comes up,” he said. It was “exhausting to be everyone’s Black friend at that moment.”</p><p>That September, the news that Jane Fraser would become the first woman to run one of the big US banks was greeted by her colleagues with cheers, but also frustration for how long it took.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ca7c0283c18eb7b557a508e8a2ab5d19\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/><span>Jane Fraser, during a Senate hearing in Washington in September.Photographer: Al Drago/Bloomberg</span></p><p>“I tried to change the industry from the inside out at the three largest banks and I failed — I have the shards of glass on my head to show it,” said Anne Clarke Wolff, a former executive at Citigroup, JPMorgan and Bank of America who founded Independence Point Advisors last year. “In 10 years at a big bank, the CEO didn’t spend 10 minutes with me — and I was among the most senior women.”</p><p>In early 2020, analysts were writingobituariesfor Wall Street’s run of record profits. Instead, the banks helped spark the boom of blank-check companies known as SPACs. Later, once regulators got jittery and prices soured, investors were left holding the bag.</p><p>Profits in 2021 also got help from an accounting move: The banks felt good enough about the economy, thanks to government intervention, to release some of the reserves they had set aside in case loans soured. The big six made more profit in 2021 than in 2013 and 2014 combined. Even when Russia invaded Ukraine this year, the chaos helped traders defy expectations of hard times.</p><p>The tally of profits from the past 10 years eclipses the prior decade’s even if you take into account inflation and big bank mergers during the financial crisis.</p><p>Yet other corporate titans, especially in Silicon Valley, did too well for Wall Street to claim a monopoly on success. Apple Inc. alone made more than half a trillion dollars. Microsoft Corp., Berkshire Hathaway Inc. and Alphabet Inc. topped JPMorgan, followed by Exxon Mobil Corp. edging out Bank of America and Wells Fargo.</p><p>Banks would attribute some of their gains to innovation, after they invested in tech platforms and improved offerings including credit card rewards. They’ve also helped companies tap capital markets to grow the economy. And they’ve held on to some of the profit, adding more than $200 billion to their capital buffers over the past decade to make a repeat of 2008 less likely.</p><p>Critics would counter that the banks didn&#39;t do it alone. Many of them wouldn&#39;t have survived 2008 if it weren&#39;t for taxpayer aid, and those buffers are the result of stiffer capital rules, sometimes enacted over bankers’ strident objections. Moreover, it was another government intervention that propped the economy up during the pandemic, teeing up those record profits. Among other knocks: Some banks have focused on a narrower slice of clients, limiting opportunities for many communities, and have been slow to pass along rate hikes to savers, betting that customers won’t flee to smaller rivals.</p><p>Ultimately, banks’ fortunes depend on the health of their clients, Cohen said. Their epic profits will drop “if the economy takes a downturn, a real downturn,” he said.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac7e6855de920342630d1342a0f3ca5d\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/><span>Tourists take pictures with the Charging Bull statue in New York on Aug. 16.Photographer: Angela Weiss/AFP/Getty Images</span></p><p>Diop’s career shows the potential pitfalls. Two major mortgage companies he helped bring to the public markets during the pandemic are down more than 50%, battered by higher interest rates and economic concerns.</p><p>Even when markets were ebullient, Diop worried about how things would look when the mood turned. “But you can’t be on the sidelines for every deal,” he said. This year, he left Morgan Stanley to become an executive at Hoorae, the media company run by the actor and producer Issa Rae, his sister.</p><p>“I actually already miss it a little bit,” he said. “I miss figuring out what’s next.”</p></body></html>","source":"lsy1584095487587","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>Wall Street’s Big Banks Score $1 Trillion of Profit in a Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street’s Big Banks Score $1 Trillion of Profit in a Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-27 09:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/features/2022-12-27/wall-street-s-6-biggest-banks-hit-1-trillion-profit-in-10-years?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Malick Diop felt something shifting on Wall Street.He’d joined Morgan Stanley in the grim days of 2009, when big banks were trying to pay back taxpayer bailouts and deflect public fury. But four years...</p>\n\n<a href=\"https://www.bloomberg.com/news/features/2022-12-27/wall-street-s-6-biggest-banks-hit-1-trillion-profit-in-10-years?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行","JPM":"摩根大通","WFC":"富国银行","C":"花旗","MS":"摩根士丹利","GS":"高盛"},"source_url":"https://www.bloomberg.com/news/features/2022-12-27/wall-street-s-6-biggest-banks-hit-1-trillion-profit-in-10-years?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164296913","content_text":"Malick Diop felt something shifting on Wall Street.He’d joined Morgan Stanley in the grim days of 2009, when big banks were trying to pay back taxpayer bailouts and deflect public fury. But four years later, the ire was fading and ambition was the order of the day.“It really felt like, for the first time, the job and the career weren’t defined by the context of the financial crisis,” Diop said. “We are past this now. And now it’s time for us to do new deals.” In the years that followed, his rise to managing director traced a new boom. He helped orchestrate a multibillion-dollar deal with SoftBank Group, whose breakneck investments defined an era, then closed a huge SPAC merger at the height of that rush.Diop didn’t know it, but he was playing a small role in something almost unfathomably lucrative: The first trillion-dollar decade for the six giants of US banking. That’s not $1 trillion of total revenue, it’s pure profit.Such a haul didn’t seem possible before the decade began, when Wall Street was the target of a global protest movement and politicians at both ends of the spectrum were seething over bailouts or aiming to break up too-big-to-fail lenders.Occupy Wall Street demonstrators march in New York in November 2011.Photographer: Peter Foley/BloombergThey swelled instead, outpacing corporate America so handily thatJPMorgan Chase & Co.,Bank of America Corp., and even hobbledWells Fargo & Co.are on track to make more profit over those 10 years than all but a few publicly traded US companies, according to data compiled by Bloomberg.Citigroup Inc.,Goldman Sachs Group Inc.andMorgan Stanleyaren’t far behind. And together the six are poised to make even more next year.While much of the world’s attention was focused on the riches minted by Silicon Valley, banks were gaining momentum. There isn’t one way to explain how they pulled it off: Volatility juiced Wall Street’s trading hauls, investment bankers like Diop rode a dealmaking boom, and Donald Trump boosted bottom lines by slashing taxes. Likewise, there isn’t one reaction across the industry to the milestone.“Sometimes there’s this sense that the fact that they profited that much is somehow terrible, and I just don’t think that’s the case,” said Betsy Duke, a former Federal Reserve governor who chaired Wells Fargo’s board until 2020. “About everything you could throw at the financial system has been thrown at it in the last 10 years. These banks have not just survived but they’ve actually thrived.”In a decade of public anger at the banks, tougher rules, geopolitical havoc, the pandemic and some treacherous market swings, banks “were able to cope with all of that, and not only cope with it but earn $1 trillion,” Duke said.Analyst estimates show the six banks are quickly closing in on that feat — $1 trillion in a 10-year period — and that if they don't reach the milestone at the end of this month, they will sometime in the first few weeks of 2023. It isn’t just the scale of profit that’s so startling, though, but the industry’s ability to push through scandals and thrive anew.Ten years ago, JPMorgan, now the most profitable and valuable US bank by market capitalization, was in the doghouse after the London Whale trading fiasco. Wells was on top of the big six, the most valuable and the sole member of the group pulling in more than $20 billion. Though its earnings were later derailed over revelations of consumer abuses, analysts see it nearing that level again in 2023.What didn’t transform over those years is the broad outline of the business: Banks sell stocks and bonds, trade financial instruments, advise on corporate takeovers, manage wealth, handle payments and lend. Back in 2013, some traders were already mourning the casino-style risk-taking that Dodd-Frank of 2010 threatened, even if Washington was still hammering out the exact rules.Paying for ScandalsTo get out of the shadow of the global crisis, the banks had to pay. In 2014, Bank of America agreed to a record-breaking $16.7 billion settlement to end probes into shoddy mortgage practices, passing JPMorgan’s $13 billion. By then, some banks were mining new veins of profit that got them into trouble.A crowd of onlookers gathers outside Lehman Brothers headquarters in New York in September 2008.Photographer: Mario Tama/Getty Images North AmericaEmployees inside Wells Fargo, under pressure to meet sales targets, set up millions of accounts for customers who hadn’t asked for them, the most famous in a series of scandals that ultimately spanned most of its businesses. And in Malaysia, Goldman Sachs finished raising billions of dollars in 2013 for a state-owned investment fund known as 1MDB, which was then pilfered by a group including the former prime minister.“My biggest regret in the last decade was not stopping the 1MDB transaction,” said former Goldman partner Robert Mass, a compliance executive. “Each issue was vetted, in some cases multiple times, but in the end the answers that we received satisfied us.” Mass, who now teaches philosophy at Hunter College in New York, said the firm was “misled by our own people, who were in on the bribe, in a way that we had no reason to doubt and could not disprove.” He wasn’t sure if he learned any lessons, “other than to be less trusting.”The magnitude of profit makes those mistakes look like hiccups. One person the industry can thank, Trump, taunted banks on the campaign trail before putting two Goldman alumni in charge of a tax overhaul that helped transform corporate profits. Banks that had gotten used to paying three in ten dollars to the government found themselves forking over less than one in five for 2018. Their tax bills went down from there.That year marked a new intensity for Wall Street’s growth. Banks that had made less than $70 billion in 2017 made $120 billion in 2018 thanks to tax cuts, an uptick in interest rates and surges in retail banking and dealmaking. Their combined assets, which hovered around $10 trillion for years, began to shoot up.President Donald Trump speaks alongside Director of the National Economic Council Gary Cohn and Treasury Secretary Steve Mnuchin at Trump Tower in New York in August 2017.Photographer: Drew Angerer/Getty ImagesThe way top Wall Street lawyer H. Rodgin Cohen sees it, all of this shouldn’t be a surprise. “Banks may be seen as always winning with a couple of exceptions because of their role in the economy,” said Cohen, who’s now senior chair of Sullivan & Cromwell LLP. “They are intermediaries. They’re borrowing and they’re lending.”The decade was a frothy time to be a banker. Personnel expenses for the six companies, which had hovered around $148 billion at the beginning of the era before dropping for a few years, jumped to $154 billion in 2019, never mind that their overall number of employees had actually fallen. Jamie Dimon, the JPMorgan boss who’d already become a billionaire, would eventually get such a big pay package that a proxy advisory firm told shareholders tovote againstit.“One of the goals of a good society is that everyone, including those people at the bottom, have enough to survive and flourish,” said Mass, the former Goldman partner who now studies ethics. “I am OK that people are paid well for producing products and services that increase the overall level of wealth in society, but only when we combine that with appropriate taxation and sufficient social safety so that those at the bottom can flourish.” He added that he isn’t enough of an expert to say if current taxes and safety nets are the right size.Few things transformed the landscape of Wall Street as profoundly as the pandemic’s arrival in 2020. To avoid economic cataclysm, the government rolled out relief programs for consumers and businesses, and the Fed bought trillions of dollars of assets. The market mayhem brought back the volatility that trading floors crave. Corporations lined up to borrow, raise capital or buy weakened competitors.Things were changing inside the banks, too. When police murdered George Floyd that May, Diop found himself inundated with messages from classmates and colleagues.“It was from an actual good place and well meaning, but at the same time you get 20 of those calls because you are the lone person that comes up,” he said. It was “exhausting to be everyone’s Black friend at that moment.”That September, the news that Jane Fraser would become the first woman to run one of the big US banks was greeted by her colleagues with cheers, but also frustration for how long it took.Jane Fraser, during a Senate hearing in Washington in September.Photographer: Al Drago/Bloomberg“I tried to change the industry from the inside out at the three largest banks and I failed — I have the shards of glass on my head to show it,” said Anne Clarke Wolff, a former executive at Citigroup, JPMorgan and Bank of America who founded Independence Point Advisors last year. “In 10 years at a big bank, the CEO didn’t spend 10 minutes with me — and I was among the most senior women.”In early 2020, analysts were writingobituariesfor Wall Street’s run of record profits. Instead, the banks helped spark the boom of blank-check companies known as SPACs. Later, once regulators got jittery and prices soured, investors were left holding the bag.Profits in 2021 also got help from an accounting move: The banks felt good enough about the economy, thanks to government intervention, to release some of the reserves they had set aside in case loans soured. The big six made more profit in 2021 than in 2013 and 2014 combined. Even when Russia invaded Ukraine this year, the chaos helped traders defy expectations of hard times.The tally of profits from the past 10 years eclipses the prior decade’s even if you take into account inflation and big bank mergers during the financial crisis.Yet other corporate titans, especially in Silicon Valley, did too well for Wall Street to claim a monopoly on success. Apple Inc. alone made more than half a trillion dollars. Microsoft Corp., Berkshire Hathaway Inc. and Alphabet Inc. topped JPMorgan, followed by Exxon Mobil Corp. edging out Bank of America and Wells Fargo.Banks would attribute some of their gains to innovation, after they invested in tech platforms and improved offerings including credit card rewards. They’ve also helped companies tap capital markets to grow the economy. And they’ve held on to some of the profit, adding more than $200 billion to their capital buffers over the past decade to make a repeat of 2008 less likely.Critics would counter that the banks didn't do it alone. Many of them wouldn't have survived 2008 if it weren't for taxpayer aid, and those buffers are the result of stiffer capital rules, sometimes enacted over bankers’ strident objections. Moreover, it was another government intervention that propped the economy up during the pandemic, teeing up those record profits. Among other knocks: Some banks have focused on a narrower slice of clients, limiting opportunities for many communities, and have been slow to pass along rate hikes to savers, betting that customers won’t flee to smaller rivals.Ultimately, banks’ fortunes depend on the health of their clients, Cohen said. Their epic profits will drop “if the economy takes a downturn, a real downturn,” he said.Tourists take pictures with the Charging Bull statue in New York on Aug. 16.Photographer: Angela Weiss/AFP/Getty ImagesDiop’s career shows the potential pitfalls. Two major mortgage companies he helped bring to the public markets during the pandemic are down more than 50%, battered by higher interest rates and economic concerns.Even when markets were ebullient, Diop worried about how things would look when the mood turned. “But you can’t be on the sidelines for every deal,” he said. This year, he left Morgan Stanley to become an executive at Hoorae, the media company run by the actor and producer Issa Rae, his sister.“I actually already miss it a little bit,” he said. “I miss figuring out what’s next.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925795363,"gmtCreate":1672104824752,"gmtModify":1676538634394,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586683911578378","idStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925795363","repostId":"1138382410","repostType":4,"repost":{"id":"1138382410","kind":"news","pubTimestamp":1672097333,"share":"https://ttm.financial/m/news/1138382410?lang=&edition=full_marsco","pubTime":"2022-12-27 07:28","market":"us","language":"en","title":"Wall Street and Fed Flopped in Trying to Predict 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1138382410","media":"The Wall Street Journal","summary":"Almost everyone on Wall Street and in Washington got 2022 wrong.The Federal Reserve expected 2021’s ","content":"<html><head></head><body><p>Almost everyone on Wall Street and in Washington got 2022 wrong.</p><p>The Federal Reserve expected 2021’s inflation surge to be transitory. It wasn’t. Core inflationclimbed to a four-decade highthis fall, nearly tripling the Fed’s full-year forecast.</p><p>Top Wall Street analysts predicted markets would have a so-so year. They didn’t. With just a few trading days left in 2022, the S&amp;P 500 is down 19% and on course for its biggest annual loss since the 2008 financial crisis. Bonds are headed for their worst year on record.</p><p>The extent to which many investors, analysts and economists were wrong-footed has left many looking at the coming year with a sense of unease. The big debates of 2023 are already under way: The Fed has signaled it expects to keep raising interest rates, and yet traders have been pricing in rate cuts. Companyexecutives are sounding the alarm about a potential recession, but economists at some banks, includingGoldman Sachs GroupInc. andCredit Suisse GroupAG, see the U.S. economyavoiding a downturn in 2023.</p><p>If there is a lesson to be taken away from the past 12 months, some investors and analysts say it is this: Be prepared for more surprises.</p><p>“We all approach the coming year with a certain level of humility,” saidChristopher Smart, chief global strategist and head of the Barings Investment Institute.</p><p><img src=\"https://static.tigerbbs.com/8500f707ab116c12518932ddb27b82d2\" tg-width=\"756\" tg-height=\"453\" referrerpolicy=\"no-referrer\"/></p><p>Like many other strategists, Mr. Smart had expected inflation to moderate in 2022. But he didn’t foresee that Russia would invade Ukraine, sending oil prices and energy shares briefly soaring. He also didn’t anticipate how long China would stick to its zero-Covid policy, which prolongedsupply-chain issuesfor companies around the world.</p><p>“You can always say in retrospect, you knew those were risks. But those were thought of as unlikely going into the new year,” Mr. Smart said.</p><p>So what does Wall Street consider unlikely next year?</p><p>Right now, it appears to be another pickup in inflation. Roughly 90% of investors expect global inflation to be lower within the next 12 months, according to Bank of America Corp.’s December survey of fund managers. That is the highest share in the survey’s history.</p><p>Growing confidence that inflation might have peaked has many investors betting on a market reversal in 2023. Fund managers reported having a larger-than-average share of bonds in their portfolios for the first time since 2009, according to Bank of America’s survey. In other words, many investors are counting on waning inflation to make this year’s loser—bonds—one of next year’s big winners.</p><p>“I think if you’re a betting person, you have to conclude from the data that inflation is coming down,” saidNancy Tengler, chief investment officer for Laffer Tengler Investments.</p><p>Fed ChairmanJerome Powellhas said it is too early to conclude that inflation has peaked. But Ms. Tengler, among others, is skeptical.</p><p>Prices for everything from airfare to used cars to shipping have dropped in recent months, Ms. Tengler said. That has helped consumers become more optimistic about the outlook for the economy. Data on Wednesday showedconsumers’ expectations for inflationin the year ahead fell to the lowest level in more than a year in December, while their level of confidence rose to an eight-month high.</p><p>Bond traders have taken note. In one sign that many believe the Fed might not have much further to go on its rate increases, the yield on the two-year U.S. Treasury note was at 4.321% on Friday, up substantially for the year but down more than one-third of a percentage point from its November peak.</p><p>Shorter-term yields tend to track traders’ expectations for monetary policy, moving higher when traders anticipate the Fed raising rates and falling when they expect the Fed to start to pause or pull back.</p><p>“It won’t go down in a straight line, but I do think inflation will surprise many on the downside,” said Ms. Tengler, whose firm has been putting more money into risky assets such as stocks in recent months.</p><p><img src=\"https://static.tigerbbs.com/8238e980a56ed4d6ac3c30e1f101a2af\" tg-width=\"726\" tg-height=\"531\" referrerpolicy=\"no-referrer\"/></p><p>What investors consider the biggest &#39;tail risks&#39; to marketsSource: Bank of America&#39;s December global fund-manager surveyInflation stays highDeep global recessionCentral banks stay hawkishGeopolitical tensions worsenA systemic credit event0%510152025303540Central banks stay hawkish16%</p><p>Others remain unconvinced. The past year’s twists and turns have made them wary of second-guessing the Fed. If anything, it pays to question what the crowd believes has become the consensus, they say.</p><p>Fund managers surveyed by Bank of America say high inflation ranks as the top “tail risk” to markets, followed by a deep global recession and central banks keeping monetary policy tight. In market parlance, tail risks are generally negative events that investors view as unlikely to happen.</p><p>“The market has continued to believe that each interest-rate hike is hopefully one of the last ones, even though the Fed keeps telling markets, it’s not,” saidScott Colyer, chief executive of Advisors Asset Management. “I think if you fight the Fed, you do so at your own risk.”</p></body></html>","source":"wsj_highlight","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>Wall Street and Fed Flopped in Trying to Predict 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street and Fed Flopped in Trying to Predict 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-27 07:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/wall-street-and-fed-flopped-in-trying-to-predict-2022-11672050603?mod=hp_lead_pos5><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Almost everyone on Wall Street and in Washington got 2022 wrong.The Federal Reserve expected 2021’s inflation surge to be transitory. It wasn’t. Core inflationclimbed to a four-decade highthis fall, ...</p>\n\n<a href=\"https://www.wsj.com/articles/wall-street-and-fed-flopped-in-trying-to-predict-2022-11672050603?mod=hp_lead_pos5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/wall-street-and-fed-flopped-in-trying-to-predict-2022-11672050603?mod=hp_lead_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138382410","content_text":"Almost everyone on Wall Street and in Washington got 2022 wrong.The Federal Reserve expected 2021’s inflation surge to be transitory. It wasn’t. Core inflationclimbed to a four-decade highthis fall, nearly tripling the Fed’s full-year forecast.Top Wall Street analysts predicted markets would have a so-so year. They didn’t. With just a few trading days left in 2022, the S&P 500 is down 19% and on course for its biggest annual loss since the 2008 financial crisis. Bonds are headed for their worst year on record.The extent to which many investors, analysts and economists were wrong-footed has left many looking at the coming year with a sense of unease. The big debates of 2023 are already under way: The Fed has signaled it expects to keep raising interest rates, and yet traders have been pricing in rate cuts. Companyexecutives are sounding the alarm about a potential recession, but economists at some banks, includingGoldman Sachs GroupInc. andCredit Suisse GroupAG, see the U.S. economyavoiding a downturn in 2023.If there is a lesson to be taken away from the past 12 months, some investors and analysts say it is this: Be prepared for more surprises.“We all approach the coming year with a certain level of humility,” saidChristopher Smart, chief global strategist and head of the Barings Investment Institute.Like many other strategists, Mr. Smart had expected inflation to moderate in 2022. But he didn’t foresee that Russia would invade Ukraine, sending oil prices and energy shares briefly soaring. He also didn’t anticipate how long China would stick to its zero-Covid policy, which prolongedsupply-chain issuesfor companies around the world.“You can always say in retrospect, you knew those were risks. But those were thought of as unlikely going into the new year,” Mr. Smart said.So what does Wall Street consider unlikely next year?Right now, it appears to be another pickup in inflation. Roughly 90% of investors expect global inflation to be lower within the next 12 months, according to Bank of America Corp.’s December survey of fund managers. That is the highest share in the survey’s history.Growing confidence that inflation might have peaked has many investors betting on a market reversal in 2023. Fund managers reported having a larger-than-average share of bonds in their portfolios for the first time since 2009, according to Bank of America’s survey. In other words, many investors are counting on waning inflation to make this year’s loser—bonds—one of next year’s big winners.“I think if you’re a betting person, you have to conclude from the data that inflation is coming down,” saidNancy Tengler, chief investment officer for Laffer Tengler Investments.Fed ChairmanJerome Powellhas said it is too early to conclude that inflation has peaked. But Ms. Tengler, among others, is skeptical.Prices for everything from airfare to used cars to shipping have dropped in recent months, Ms. Tengler said. That has helped consumers become more optimistic about the outlook for the economy. Data on Wednesday showedconsumers’ expectations for inflationin the year ahead fell to the lowest level in more than a year in December, while their level of confidence rose to an eight-month high.Bond traders have taken note. In one sign that many believe the Fed might not have much further to go on its rate increases, the yield on the two-year U.S. Treasury note was at 4.321% on Friday, up substantially for the year but down more than one-third of a percentage point from its November peak.Shorter-term yields tend to track traders’ expectations for monetary policy, moving higher when traders anticipate the Fed raising rates and falling when they expect the Fed to start to pause or pull back.“It won’t go down in a straight line, but I do think inflation will surprise many on the downside,” said Ms. Tengler, whose firm has been putting more money into risky assets such as stocks in recent months.What investors consider the biggest 'tail risks' to marketsSource: Bank of America's December global fund-manager surveyInflation stays highDeep global recessionCentral banks stay hawkishGeopolitical tensions worsenA systemic credit event0%510152025303540Central banks stay hawkish16%Others remain unconvinced. The past year’s twists and turns have made them wary of second-guessing the Fed. If anything, it pays to question what the crowd believes has become the consensus, they say.Fund managers surveyed by Bank of America say high inflation ranks as the top “tail risk” to markets, followed by a deep global recession and central banks keeping monetary policy tight. In market parlance, tail risks are generally negative events that investors view as unlikely to happen.“The market has continued to believe that each interest-rate hike is hopefully one of the last ones, even though the Fed keeps telling markets, it’s not,” saidScott Colyer, chief executive of Advisors Asset Management. “I think if you fight the Fed, you do so at your own risk.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925795932,"gmtCreate":1672104814826,"gmtModify":1676538634394,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586683911578378","idStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925795932","repostId":"1103911287","repostType":4,"repost":{"id":"1103911287","kind":"news","pubTimestamp":1672104553,"share":"https://ttm.financial/m/news/1103911287?lang=&edition=full_marsco","pubTime":"2022-12-27 09:29","market":"us","language":"en","title":"Chinese IPOs Set to Return Outside the Mainland, One Step at a Time","url":"https://stock-news.laohu8.com/highlight/detail?id=1103911287","media":"The Wall Street Journal","summary":"Geely has filed a draft registration statement to spin off its Zeekr EV brand through a U.S. IPO.Wil","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef72d07063550d930a44539e34647343\" tg-width=\"860\" tg-height=\"574\" referrerpolicy=\"no-referrer\"/><span>Geely has filed a draft registration statement to spin off its Zeekr EV brand through a U.S. IPO.</span></p><p>Will initial public offerings from Chinese companies make a comeback in Hong Kong and New York next year? Deal makers hope so—but they might have to start small.</p><p>Chinese companies have raised just $536 million from U.S. listings this year through Dec. 23, down around 96% from the total they raised throughout 2021. The proceeds of their Hong Kong listings are less than a third of last year’s haul. But afterprogress on resolving a long-running audit disputebetween China and the U.S. andguarded hopes for a recoveryin share prices, these companies may now be preparing to return to overseas exchanges in greater numbers.</p><p>Auto maker Zhejiang Geely Holding Group Co. is among the Chinese companies expected to boost IPO supply next year. The company filed a draft registration statement in December to spin off its Zeekr electric-vehicle brand through a U.S. IPO. A raft of smaller Chinese companies have filed documentation for listings in Hong Kong and the U.S., despite aclampdown this year on small-cap listingson American exchanges.</p><p>Deal makers expect the recovery in international IPOs from China to be gradual. The pickup could start as early as the second quarter, but the bulk of activity may not come until the second half of the year, they said.</p><p>“If these are the good-quality, big-value IPOs, I don’t think they would rush into that first glimpse of rebound,” said Bosco Yiu, a lawyer whose practice includes Hong Kong IPOs at Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP. “They would rather price it better than rush into a first-quarter listing.”</p><p>Growatt Technology Co., a maker of inverters for solar panels that had previously been aiming to raise as much as $1 billion, has delayed its IPO due to the volatile market, according to people familiar with the matter. The company, which in November filed updated paperwork after passing its listing hearing in Hong Kong, will consider launching the deal next year, some of the people familiar with the matter said. A spokeswoman for Growatt declined to comment.</p><p>Bankers expectsecondary share salesand block trades—sales of large blocks of stock that can be executed as quickly as overnight—to recover more quickly than new listings.</p><p>“IPOs are always the last product to come back,” said Kenneth Chow, co-head of Asia-Pacific equity capital markets at Citigroup Inc.</p><p>The Chinese government made sweeping changes to itsCovid-19 policiesearlier this month, including dropping most testing requirements and reducing the power of local officials to impose widespread lockdowns. Attention has already shifted to the costs of reopening—but some bankers say the easing will help boost demand for IPOs from Chinese companies.</p><p>“With China reopening, we are seeing the sentiment starting to come back and that will definitely help some IPOs,” said Cathy Zhang, co-head of Asia-Pacific equity capital markets at Morgan Stanley. “We are seeing investors getting more active on China—they want to know what’s going on and what deals are coming next year. We haven’t seen this kind of investor engagement for a long time,” Ms. Zhang added.</p><p>Electric-vehicle manufacturers and their suppliers will be an important source of listing volumes from China next year, as will solar-panel makers and power companies, said Ivy Hu, a Hong Kong-based managing director for equity capital markets at UBS Group AG.</p><p>That builds on this year’s trend. CALB, a battery maker, and Zhejiang Leapmotor Technology Co., a car manufacturer, are among the companies in the EV sector thatlisted in Hong Kongthis year—althoughLeapmotor’s shares plummetedon their debut.</p><p>The U.S. audit regulator recently securedcomplete access to inspect China-based audit firms, marking progress in a long-running dispute between the two countries. That resets a three-year potential delisting clock for Chinese companies already trading on New York exchanges—and means Chinese companies will continue to turn to U.S. investors to raise capital.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/40ee4a4f52d533b96128974e9e624320\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>CALB was among the companies in the EV sector that listed in Hong Kong this year.</span></p><p>“If you think that you want to be considered a global company, you want to be able to attract global talents, it definitely still feels as though the U.S. is the first port of call,” said Matthew Culley, an emerging-markets portfolio manager at Janus Henderson Investors. He added that some Chinese companies he had talked to are considering ADR listings in the U.S. ahead of a possible secondary listing in Hong Kong.</p><p>There is a caveat: Chinese companies that want to list in the U.S. will need to survive tough scrutiny by regulators in both countries. That rules out a lot of tech IPOs—cutting out some of the biggest deals bankers could bring to market. ByteDance Ltd., the Beijing-based owner of social-media platform TikTok, had previously considered listing in either Hong Kong or the U.S. The company scrapped the plan last year, after Chineseregulators expressed concernsabout data security.</p><p>“The data-sensitive ones are going to either be challenged or prohibited from listing in the U.S.,” saidRobert McCooey, a Nasdaq Inc. vice chairman overseeing business development for new listings in Asia Pacific and Latin America. “That’s just the reality.”</p><p>Hong Kong’s stock exchange has been trying to expand the kinds of companies that are able to list, most recently througha proposal to lower revenue requirementsfor companies in categories including semiconductors and artificial intelligence. That could also boost supply from China. A government push to develop the semiconductor sector has led to a rise in domestic listings by Chinese companies—creating one of the few bright spots amid asharp slowdown in global IPOs this year.</p></body></html>","source":"wsj_highlight","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>Chinese IPOs Set to Return Outside the Mainland, One Step at a Time</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese IPOs Set to Return Outside the Mainland, One Step at a Time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-27 09:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/chinese-ipos-set-to-return-outside-the-mainland-one-step-at-a-time-11672054194?mod=rss_markets_main><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Geely has filed a draft registration statement to spin off its Zeekr EV brand through a U.S. IPO.Will initial public offerings from Chinese companies make a comeback in Hong Kong and New York next ...</p>\n\n<a href=\"https://www.wsj.com/articles/chinese-ipos-set-to-return-outside-the-mainland-one-step-at-a-time-11672054194?mod=rss_markets_main\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/chinese-ipos-set-to-return-outside-the-mainland-one-step-at-a-time-11672054194?mod=rss_markets_main","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103911287","content_text":"Geely has filed a draft registration statement to spin off its Zeekr EV brand through a U.S. IPO.Will initial public offerings from Chinese companies make a comeback in Hong Kong and New York next year? Deal makers hope so—but they might have to start small.Chinese companies have raised just $536 million from U.S. listings this year through Dec. 23, down around 96% from the total they raised throughout 2021. The proceeds of their Hong Kong listings are less than a third of last year’s haul. But afterprogress on resolving a long-running audit disputebetween China and the U.S. andguarded hopes for a recoveryin share prices, these companies may now be preparing to return to overseas exchanges in greater numbers.Auto maker Zhejiang Geely Holding Group Co. is among the Chinese companies expected to boost IPO supply next year. The company filed a draft registration statement in December to spin off its Zeekr electric-vehicle brand through a U.S. IPO. A raft of smaller Chinese companies have filed documentation for listings in Hong Kong and the U.S., despite aclampdown this year on small-cap listingson American exchanges.Deal makers expect the recovery in international IPOs from China to be gradual. The pickup could start as early as the second quarter, but the bulk of activity may not come until the second half of the year, they said.“If these are the good-quality, big-value IPOs, I don’t think they would rush into that first glimpse of rebound,” said Bosco Yiu, a lawyer whose practice includes Hong Kong IPOs at Paul, Weiss, Rifkind, Wharton & Garrison LLP. “They would rather price it better than rush into a first-quarter listing.”Growatt Technology Co., a maker of inverters for solar panels that had previously been aiming to raise as much as $1 billion, has delayed its IPO due to the volatile market, according to people familiar with the matter. The company, which in November filed updated paperwork after passing its listing hearing in Hong Kong, will consider launching the deal next year, some of the people familiar with the matter said. A spokeswoman for Growatt declined to comment.Bankers expectsecondary share salesand block trades—sales of large blocks of stock that can be executed as quickly as overnight—to recover more quickly than new listings.“IPOs are always the last product to come back,” said Kenneth Chow, co-head of Asia-Pacific equity capital markets at Citigroup Inc.The Chinese government made sweeping changes to itsCovid-19 policiesearlier this month, including dropping most testing requirements and reducing the power of local officials to impose widespread lockdowns. Attention has already shifted to the costs of reopening—but some bankers say the easing will help boost demand for IPOs from Chinese companies.“With China reopening, we are seeing the sentiment starting to come back and that will definitely help some IPOs,” said Cathy Zhang, co-head of Asia-Pacific equity capital markets at Morgan Stanley. “We are seeing investors getting more active on China—they want to know what’s going on and what deals are coming next year. We haven’t seen this kind of investor engagement for a long time,” Ms. Zhang added.Electric-vehicle manufacturers and their suppliers will be an important source of listing volumes from China next year, as will solar-panel makers and power companies, said Ivy Hu, a Hong Kong-based managing director for equity capital markets at UBS Group AG.That builds on this year’s trend. CALB, a battery maker, and Zhejiang Leapmotor Technology Co., a car manufacturer, are among the companies in the EV sector thatlisted in Hong Kongthis year—althoughLeapmotor’s shares plummetedon their debut.The U.S. audit regulator recently securedcomplete access to inspect China-based audit firms, marking progress in a long-running dispute between the two countries. That resets a three-year potential delisting clock for Chinese companies already trading on New York exchanges—and means Chinese companies will continue to turn to U.S. investors to raise capital.CALB was among the companies in the EV sector that listed in Hong Kong this year.“If you think that you want to be considered a global company, you want to be able to attract global talents, it definitely still feels as though the U.S. is the first port of call,” said Matthew Culley, an emerging-markets portfolio manager at Janus Henderson Investors. He added that some Chinese companies he had talked to are considering ADR listings in the U.S. ahead of a possible secondary listing in Hong Kong.There is a caveat: Chinese companies that want to list in the U.S. will need to survive tough scrutiny by regulators in both countries. That rules out a lot of tech IPOs—cutting out some of the biggest deals bankers could bring to market. ByteDance Ltd., the Beijing-based owner of social-media platform TikTok, had previously considered listing in either Hong Kong or the U.S. The company scrapped the plan last year, after Chineseregulators expressed concernsabout data security.“The data-sensitive ones are going to either be challenged or prohibited from listing in the U.S.,” saidRobert McCooey, a Nasdaq Inc. vice chairman overseeing business development for new listings in Asia Pacific and Latin America. “That’s just the reality.”Hong Kong’s stock exchange has been trying to expand the kinds of companies that are able to list, most recently througha proposal to lower revenue requirementsfor companies in categories including semiconductors and artificial intelligence. That could also boost supply from China. A government push to develop the semiconductor sector has led to a rise in domestic listings by Chinese companies—creating one of the few bright spots amid asharp slowdown in global IPOs this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923566148,"gmtCreate":1670887941085,"gmtModify":1676538452195,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586683911578378","idStr":"3586683911578378"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$SPDR S&P 500 ETF 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07:00","market":"us","language":"en","title":"Q4 Kicks off Amid Volatility, Jobs Report in Focus: What to Know This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1181872738","media":"Yahoo Finance","summary":"The latest monthly jobs report is this week’s headline event as battered and bruised investors barre","content":"<html><head></head><body><p>The latest monthly jobs report is this week’s headline event as battered and bruised investors barrel into a new month and quarter writhing from a vicious downtrend that has plagued the year.</p><p><img src=\"https://static.tigerbbs.com/e13c744516b1471c295a870f510c9ac1\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/>On Friday, the S&amp;P 500 and Nasdaq Composite closed out a three-quarter losing streak for the first time since the 2008 Global Financial Crisis. The Dow Jones Industrial Average also posted a third-straight losing quarter, its first such time since 2015.</p><p>At 269 days and counting, the benchmark S&amp;P 500 is now in its longest correction, peak to trough, since March 2009, according to figures from Compound Advisors’ Charlie Bilello. The current 8-month bear market is the longest since 2007-2009’s downturn, with the average length of a bear market since 1929 standing at 14 months.</p><p>A survey by the American Association of Individual Investors showed 60% of retail investors hold a bearish view of the stock market, the highest level since 2008 and the eighth most pessimistic reading in the 35 years the survey has been conducted.</p><p>The Labor Department’s September employment data is set for release at 8:30 a.m. ET on Friday morning. Economists expect nonfarm payrolls rose by 250,000 last month, per consensus estimates from Bloomberg. If realized, the figure would mark an anticipated moderation for Federal Reserve policymakers trying to tamp down the labor market in their battle against inflation – but not enough for officials to scale back on their rate hiking plans.</p><p>Strong labor market readings have stoked worries that Fed officials will stay on path with aggressive rate hikes and over tighten monetary conditions. And while strategists anticipated the impact of rate hikes showing up in employment data, figures have so far surprised to the upside. On Thursday, Labor Department data showed initial jobless claims slid to 193,000, the lowest since April, for the week that ended on Sept. 24.</p><p>Analysts at Bank of America said in a Friday note they expect strong payroll growth to continue, with indicators of labor market activity — like initial jobless claims and the Conference Board&#39;s labor market differential — that feed into the institutions projections remaining red-hot since August’s report.</p><p>“Investors are hunting for confirmation bias that inflation is abating but strong jobs data has dashed all hopes,” Thornburg Investment Management portfolio manager Sean Sun said in emailed commentary.</p><p>“While there are some signs of disinflation out there, the strong jobless claims data is as if the Fed is trying to step on the brakes of a car that still hurtling downhill at a steep angle,” Sun added. “Investors shouldn&#39;t ask if the Fed will pivot, but rather how deep into the recession we&#39;ll find ourselves before they finally act.”</p><p>Other labor market readings due out through Friday include the ADP’s employment report, which measures levels of non-farm private employment, the Job Openings and Labor Turnover Survey (JOLTS), and the Challenger Job-Cut report, which offers information on the number of tracked corporate layoffs by industry and region.</p><p>Elsewhere in economic releases on the docket this week are ISM manufacturing and services data, construction spending figures, and a reading on total vehicle sales.</p><p>The corporate calendar will be light before a new earnings season gets underway, but some notable names on the docket include Constellation Brands (STZ), Levi Strauss (LEVI), and McCormick (MKC).</p><p>After a brutal September — worse for the Dow than even September 2008 — some Wall Street optimists look ahead to October, which based on seasonal trends has been dubbed a “bear-market killer” due to historically strong returns, especially in midterm election years. Every time the S&amp;P 500 has dropped 7% or more in September, stocks have done well in October, Carson Group’s Ryan Detrick noted.</p><p>However, even if markets get a reprieve, a high-stakes earnings season is likely to prove any bounce fleeting, with analysts rushing to slash their year-end forecasts amid worsening fundamentals tied to persistent inflation, rising interest rates, and slowing growth.</p><p>“Now I think for us it’s not about inflation and central banks; it’s about earnings,” Luca Paolini, chief strategist at Pictet Asset Management, told Yahoo Finance Live. “The focus will be on earnings because we’re going from a moderation shock, with higher interest rates, to a growth shock. This is where we feel more worried, and next earnings season is going to be really critical.”</p><p>—</p><p>Economic Calendar</p><p>Monday: S&amp;P Global U.S. Manufacturing PMI, September final (51.8 expected, 51.8 during prior month); Construction Spending, month-over-month, August (-0.2% expected, -0.4% during prior month); ISM Manufacturing, September (52.1 expected, 52.8 during prior month); ISM Prices Paid, September (52.0 expected, 52.5 prior month); ISM New Orders, September (50.5 expected, 51.3 during prior month); ISM Employment, September (53.0 expected, 54.2 during prior month); WARDS Total Vehicle Sales, September (13.50 million expected, 13.18 million prior month)</p><p>Tuesday: Factory Orders Excluding Transportation, August (0.2% expected, -1.0% during prior month); Factory Orders, August (0.2 expected, -1.1% during prior month); Durable Goods Orders, August final (-0.2% during prior month); Durables Excluding Transportation, August final (0.2% during prior month); Non-defense Capital Goods Orders Excluding aircraft, August final (1.3% during prior month); Non-defense Capital Goods Shipments Excluding Aircraft, August final (0.3% during prior month); JOLTS Job Openings, August (11.075 million expected, 11.239 million during prior month)</p><p>Wednesday: MBA Mortgage Applications, week ended Sep. 30 (-3.7% during prior week); ADP Employment Change, September (200,000 expected, 132,000 during prior month); Trade Balance, August (-$68.0 billion expected, -$70.7 billion during prior month); S&amp;P Global U.S. Services PMI, September final (49.2 expected, 49.2 during prior month); S&amp;P Global U.S. Composite PMI, September final (49.3 expected, 49.3 during prior month); ISM Services Index, September (56.0 expected, 56.9 during prior month)</p><p>Thursday: Challenger Job Cuts, year-over-year, September (30.3% during prior month); Initial Jobless Claims, week ended Oct. 1 (203,000 expected, 193,000 during prior week); Continuing Claims, week ended Sep. 24 (1.387 million expected, 1.347 million during prior week)</p><p>Friday: Two-Month Payroll Net Revision, September (-107,000 prior); Change in Nonfarm Payrolls, September (250,000 expected, 315,000 during prior month); Change in Private Payrolls, September (275,000 expected, 308,000 during prior month); Change in Manufacturing Payrolls, September (20,000 expected, 22,000 during prior month); Unemployment Rate, September (3.7% expected, 3.7% during prior month); Average Hourly Earnings, month-over-month, September (0.3% expected, 0.3% during prior month); Average Hourly Earnings, year-over-year, September (5.1% expected, 5.2% prior month); Average Weekly Hours All Employees, September (34.5 expected, 34.5 during prior month); Labor Force Participation Rate, September (62.4% expected, 62.4% during prior month); Underemployment Rate, September (7.0% prior month); Wholesale Inventories, month-over-month, August final (1.3% expected, 1.3% during prior month); Wholesale Trade Sales, month-over-month, August (0.5% expected, -1.4% during prior month)</p><p>—</p><p>Earnings Calendar</p><p>Monday: No notable reports scheduled for release.</p><p>Tuesday: Acuity Brands (AYI)</p><p>Wednesday: Helen of Troy (HELE)</p><p>Thursday: AngioDynamics (ANGO), Conagra (CAG), Constellation Brands (STZ), Levi Strauss (LEVI), McCormick (MKC)</p><p>Friday: Tilray (TLRY)</p></body></html>","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>Q4 Kicks off Amid Volatility, Jobs Report in Focus: What to Know This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQ4 Kicks off Amid Volatility, Jobs Report in Focus: What to Know This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-03 07:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-week-ahead-september-jobs-report-volatility-economy-145141301.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The latest monthly jobs report is this week’s headline event as battered and bruised investors barrel into a new month and quarter writhing from a vicious downtrend that has plagued the year.On Friday...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-week-ahead-september-jobs-report-volatility-economy-145141301.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/stock-market-week-ahead-september-jobs-report-volatility-economy-145141301.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181872738","content_text":"The latest monthly jobs report is this week’s headline event as battered and bruised investors barrel into a new month and quarter writhing from a vicious downtrend that has plagued the year.On Friday, the S&P 500 and Nasdaq Composite closed out a three-quarter losing streak for the first time since the 2008 Global Financial Crisis. The Dow Jones Industrial Average also posted a third-straight losing quarter, its first such time since 2015.At 269 days and counting, the benchmark S&P 500 is now in its longest correction, peak to trough, since March 2009, according to figures from Compound Advisors’ Charlie Bilello. The current 8-month bear market is the longest since 2007-2009’s downturn, with the average length of a bear market since 1929 standing at 14 months.A survey by the American Association of Individual Investors showed 60% of retail investors hold a bearish view of the stock market, the highest level since 2008 and the eighth most pessimistic reading in the 35 years the survey has been conducted.The Labor Department’s September employment data is set for release at 8:30 a.m. ET on Friday morning. Economists expect nonfarm payrolls rose by 250,000 last month, per consensus estimates from Bloomberg. If realized, the figure would mark an anticipated moderation for Federal Reserve policymakers trying to tamp down the labor market in their battle against inflation – but not enough for officials to scale back on their rate hiking plans.Strong labor market readings have stoked worries that Fed officials will stay on path with aggressive rate hikes and over tighten monetary conditions. And while strategists anticipated the impact of rate hikes showing up in employment data, figures have so far surprised to the upside. On Thursday, Labor Department data showed initial jobless claims slid to 193,000, the lowest since April, for the week that ended on Sept. 24.Analysts at Bank of America said in a Friday note they expect strong payroll growth to continue, with indicators of labor market activity — like initial jobless claims and the Conference Board's labor market differential — that feed into the institutions projections remaining red-hot since August’s report.“Investors are hunting for confirmation bias that inflation is abating but strong jobs data has dashed all hopes,” Thornburg Investment Management portfolio manager Sean Sun said in emailed commentary.“While there are some signs of disinflation out there, the strong jobless claims data is as if the Fed is trying to step on the brakes of a car that still hurtling downhill at a steep angle,” Sun added. “Investors shouldn't ask if the Fed will pivot, but rather how deep into the recession we'll find ourselves before they finally act.”Other labor market readings due out through Friday include the ADP’s employment report, which measures levels of non-farm private employment, the Job Openings and Labor Turnover Survey (JOLTS), and the Challenger Job-Cut report, which offers information on the number of tracked corporate layoffs by industry and region.Elsewhere in economic releases on the docket this week are ISM manufacturing and services data, construction spending figures, and a reading on total vehicle sales.The corporate calendar will be light before a new earnings season gets underway, but some notable names on the docket include Constellation Brands (STZ), Levi Strauss (LEVI), and McCormick (MKC).After a brutal September — worse for the Dow than even September 2008 — some Wall Street optimists look ahead to October, which based on seasonal trends has been dubbed a “bear-market killer” due to historically strong returns, especially in midterm election years. Every time the S&P 500 has dropped 7% or more in September, stocks have done well in October, Carson Group’s Ryan Detrick noted.However, even if markets get a reprieve, a high-stakes earnings season is likely to prove any bounce fleeting, with analysts rushing to slash their year-end forecasts amid worsening fundamentals tied to persistent inflation, rising interest rates, and slowing growth.“Now I think for us it’s not about inflation and central banks; it’s about earnings,” Luca Paolini, chief strategist at Pictet Asset Management, told Yahoo Finance Live. “The focus will be on earnings because we’re going from a moderation shock, with higher interest rates, to a growth shock. This is where we feel more worried, and next earnings season is going to be really critical.”—Economic CalendarMonday: S&P Global U.S. Manufacturing PMI, September final (51.8 expected, 51.8 during prior month); Construction Spending, month-over-month, August (-0.2% expected, -0.4% during prior month); ISM Manufacturing, September (52.1 expected, 52.8 during prior month); ISM Prices Paid, September (52.0 expected, 52.5 prior month); ISM New Orders, September (50.5 expected, 51.3 during prior month); ISM Employment, September (53.0 expected, 54.2 during prior month); WARDS Total Vehicle Sales, September (13.50 million expected, 13.18 million prior month)Tuesday: Factory Orders Excluding Transportation, August (0.2% expected, -1.0% during prior month); Factory Orders, August (0.2 expected, -1.1% during prior month); Durable Goods Orders, August final (-0.2% during prior month); Durables Excluding Transportation, August final (0.2% during prior month); Non-defense Capital Goods Orders Excluding aircraft, August final (1.3% during prior month); Non-defense Capital Goods Shipments Excluding Aircraft, August final (0.3% during prior month); JOLTS Job Openings, August (11.075 million expected, 11.239 million during prior month)Wednesday: MBA Mortgage Applications, week ended Sep. 30 (-3.7% during prior week); ADP Employment Change, September (200,000 expected, 132,000 during prior month); Trade Balance, August (-$68.0 billion expected, -$70.7 billion during prior month); S&P Global U.S. Services PMI, September final (49.2 expected, 49.2 during prior month); S&P Global U.S. Composite PMI, September final (49.3 expected, 49.3 during prior month); ISM Services Index, September (56.0 expected, 56.9 during prior month)Thursday: Challenger Job Cuts, year-over-year, September (30.3% during prior month); Initial Jobless Claims, week ended Oct. 1 (203,000 expected, 193,000 during prior week); Continuing Claims, week ended Sep. 24 (1.387 million expected, 1.347 million during prior week)Friday: Two-Month Payroll Net Revision, September (-107,000 prior); Change in Nonfarm Payrolls, September (250,000 expected, 315,000 during prior month); Change in Private Payrolls, September (275,000 expected, 308,000 during prior month); Change in Manufacturing Payrolls, September (20,000 expected, 22,000 during prior month); Unemployment Rate, September (3.7% expected, 3.7% during prior month); Average Hourly Earnings, month-over-month, September (0.3% expected, 0.3% during prior month); Average Hourly Earnings, year-over-year, September (5.1% expected, 5.2% prior month); Average Weekly Hours All Employees, September (34.5 expected, 34.5 during prior month); Labor Force Participation Rate, September (62.4% expected, 62.4% during prior month); Underemployment Rate, September (7.0% prior month); Wholesale Inventories, month-over-month, August final (1.3% expected, 1.3% during prior month); Wholesale Trade Sales, month-over-month, August (0.5% expected, -1.4% during prior month)—Earnings CalendarMonday: No notable reports scheduled for release.Tuesday: Acuity Brands (AYI)Wednesday: Helen of Troy (HELE)Thursday: AngioDynamics (ANGO), Conagra (CAG), Constellation Brands (STZ), Levi Strauss (LEVI), McCormick (MKC)Friday: Tilray (TLRY)","news_type":1},"isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959759705,"gmtCreate":1673078515208,"gmtModify":1676538784625,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959759705","repostId":"2301620946","repostType":4,"isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937850804,"gmtCreate":1663399027908,"gmtModify":1676537265945,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9937850804","repostId":"2268610718","repostType":4,"repost":{"id":"2268610718","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1663369158,"share":"https://ttm.financial/m/news/2268610718?lang=&edition=full_marsco","pubTime":"2022-09-17 06:59","market":"us","language":"en","title":"US STOCKS-Wall St Drops to Two-Month Lows As Recession Fears Mount","url":"https://stock-news.laohu8.com/highlight/detail?id=2268610718","media":"Reuters","summary":"* FedEx profit warning hits peers* All three major U.S. indexes post sharp weekly declines* Investors eye next week's Fed meeting* Indexes down: Dow 0.45%, S&P 0.72%, Nasdaq 0.90%NEW YORK, Sept 16 (Re","content":"<html><head></head><body><p>* FedEx profit warning hits peers</p><p>* All three major U.S. indexes post sharp weekly declines</p><p>* Investors eye next week&#39;s Fed meeting</p><p>* Indexes down: Dow 0.45%, S&amp;P 0.72%, Nasdaq 0.90%</p><p>NEW YORK, Sept 16 (Reuters) - U.S. stocks ended in the red on Friday, falling to two-month lows as a warning of impending global slowdown from FedEx hastened investors&#39; flight to safety at the conclusion of a tumultuous week.</p><p>All three major U.S. stock indexes slid to levels not touched since mid-July, with the S&amp;P 500 closing below 3,900, a closely watched support level.</p><p>Staggering past the finish line of a week rattled by inflation concerns, looming interest rate hikes and ominous economic warning signs, the S&amp;P 500 and the Nasdaq suffered their worst weekly percentage plunges since June.</p><p>&#34;It’s been a tough week. It feels Halloween came early&#34; said David Carter, managing director at JPMorgan in New York. &#34;We are facing in this toxic brew of high inflation, high interest rates and low growth, which isn’t good for stock or bond markets.&#34;</p><p>Risk-off sentiment went from simmer to boil in the wake of FedEx Corp&#39;s withdrawal of its earnings forecast late Thursday, citing signs of dampening global demand.</p><p>FedEx&#39;s move followed remarks from the World Bank and the IMF, both of which warned of an impending worldwide economic slowdown.</p><p>A deluge of mixed economic data, dominated by a hotter-than-expected inflation report (CPI), cemented an interest rate hike of at least 75 basis points at the conclusion of the Fed&#39;s monetary policy meeting next week.</p><p>&#34;While the market is expecting a big bump in the Fed’s rates next week, there is tremendous uncertainty and concern about future rate increases,&#34; Carter added. &#34;The Fed is doing what it needs to do. And after some pain, markets and the economy will heal themselves.&#34;</p><p>Financial markets have priced in a 18% likelihood of a super-sized, 100 basis point increase to the Fed funds target rate on Wednesday, according to CME&#39;s FedWatch tool.   </p><p>The Dow Jones Industrial Average fell 139.4 points, or 0.45%, to 30,822.42, the S&amp;P 500 lost 28.02 points, or 0.72%, to 3,873.33 and the Nasdaq Composite dropped 103.95 points, or 0.9%, to 11,448.40.</p><p>Nine of the 11 major sectors of the S&amp;P 500 ended in negative territory, with energy and industrials suffering the sharpest percentage drops.</p><p>Dow Transports, viewed as a barometer of economic health, plummeted 5.1%.</p><p>That drop was led by FedEx shares tanking by 21.4%, the biggest drop in the S&amp;P 500.</p><p>Peers United Parcel Service and <a href=\"https://laohu8.com/S/XPO\">XPO Logistics</a> slid 4.5% and 4.7%, respectively, while Amazon.com Inc slipped 2.1%.</p><p>The session also marked the monthly options expiry, which occurs on the third Friday of every month. Options-hedging activity has amplified market moves this year, contributing to heightened volatility.</p><p>The CBOE Market Volatility index, often called &#34;the fear index,&#34; touched a two-month high, breezing past a level associated with heightened investor anxiety.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.04-to-1 ratio; on Nasdaq, a 2.24-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted no new 52-week highs and 56 new lows; the Nasdaq Composite recorded 21 new highs and 387 new lows.</p><p>Volume on U.S. exchanges was 16.92 billion shares, compared with the 10.72 billion average for the full session over the last 20 trading days.</p></body></html>","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>US STOCKS-Wall St Drops to Two-Month Lows As Recession Fears Mount</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall St Drops to Two-Month Lows As Recession Fears Mount\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-09-17 06:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* FedEx profit warning hits peers</p><p>* All three major U.S. indexes post sharp weekly declines</p><p>* Investors eye next week&#39;s Fed meeting</p><p>* Indexes down: Dow 0.45%, S&amp;P 0.72%, Nasdaq 0.90%</p><p>NEW YORK, Sept 16 (Reuters) - U.S. stocks ended in the red on Friday, falling to two-month lows as a warning of impending global slowdown from FedEx hastened investors&#39; flight to safety at the conclusion of a tumultuous week.</p><p>All three major U.S. stock indexes slid to levels not touched since mid-July, with the S&amp;P 500 closing below 3,900, a closely watched support level.</p><p>Staggering past the finish line of a week rattled by inflation concerns, looming interest rate hikes and ominous economic warning signs, the S&amp;P 500 and the Nasdaq suffered their worst weekly percentage plunges since June.</p><p>&#34;It’s been a tough week. It feels Halloween came early&#34; said David Carter, managing director at JPMorgan in New York. &#34;We are facing in this toxic brew of high inflation, high interest rates and low growth, which isn’t good for stock or bond markets.&#34;</p><p>Risk-off sentiment went from simmer to boil in the wake of FedEx Corp&#39;s withdrawal of its earnings forecast late Thursday, citing signs of dampening global demand.</p><p>FedEx&#39;s move followed remarks from the World Bank and the IMF, both of which warned of an impending worldwide economic slowdown.</p><p>A deluge of mixed economic data, dominated by a hotter-than-expected inflation report (CPI), cemented an interest rate hike of at least 75 basis points at the conclusion of the Fed&#39;s monetary policy meeting next week.</p><p>&#34;While the market is expecting a big bump in the Fed’s rates next week, there is tremendous uncertainty and concern about future rate increases,&#34; Carter added. &#34;The Fed is doing what it needs to do. And after some pain, markets and the economy will heal themselves.&#34;</p><p>Financial markets have priced in a 18% likelihood of a super-sized, 100 basis point increase to the Fed funds target rate on Wednesday, according to CME&#39;s FedWatch tool.   </p><p>The Dow Jones Industrial Average fell 139.4 points, or 0.45%, to 30,822.42, the S&amp;P 500 lost 28.02 points, or 0.72%, to 3,873.33 and the Nasdaq Composite dropped 103.95 points, or 0.9%, to 11,448.40.</p><p>Nine of the 11 major sectors of the S&amp;P 500 ended in negative territory, with energy and industrials suffering the sharpest percentage drops.</p><p>Dow Transports, viewed as a barometer of economic health, plummeted 5.1%.</p><p>That drop was led by FedEx shares tanking by 21.4%, the biggest drop in the S&amp;P 500.</p><p>Peers United Parcel Service and <a href=\"https://laohu8.com/S/XPO\">XPO Logistics</a> slid 4.5% and 4.7%, respectively, while Amazon.com Inc slipped 2.1%.</p><p>The session also marked the monthly options expiry, which occurs on the third Friday of every month. Options-hedging activity has amplified market moves this year, contributing to heightened volatility.</p><p>The CBOE Market Volatility index, often called &#34;the fear index,&#34; touched a two-month high, breezing past a level associated with heightened investor anxiety.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.04-to-1 ratio; on Nasdaq, a 2.24-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted no new 52-week highs and 56 new lows; the Nasdaq Composite recorded 21 new highs and 387 new lows.</p><p>Volume on U.S. exchanges was 16.92 billion shares, compared with the 10.72 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4548":"巴美列捷福持仓","FDX":"联邦快递","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","DJX":"1/100道琼斯","IVV":"标普500指数ETF","AMZN":"亚马逊","OEF":"标普100指数ETF-iShares","SH":"标普500反向ETF","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","DXD":"道指两倍做空ETF","SDOW":"道指三倍做空ETF-ProShares","DOG":"道指反向ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","CPI":"IQ Real Return ETF","SPXU":"三倍做空标普500ETF","DDM":"道指两倍做多ETF","SDS":"两倍做空标普500ETF","BK4535":"淡马锡持仓","BK4524":"宅经济概念","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4538":"云计算","BK4579":"人工智能","BK4550":"红杉资本持仓","SPY":"标普500ETF","XPO":"XPO Logistics","BK4131":"航空货运与物流","SSO":"两倍做多标普500ETF",".SPX":"S&P 500 Index","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","UPS":"联合包裹","BK4551":"寇图资本持仓",".IXIC":"NASDAQ Composite","BK4561":"索罗斯持仓","BK4022":"陆运","BK4581":"高盛持仓",".DJI":"道琼斯","OEX":"标普100","BK4504":"桥水持仓","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2268610718","content_text":"* FedEx profit warning hits peers* All three major U.S. indexes post sharp weekly declines* Investors eye next week's Fed meeting* Indexes down: Dow 0.45%, S&P 0.72%, Nasdaq 0.90%NEW YORK, Sept 16 (Reuters) - U.S. stocks ended in the red on Friday, falling to two-month lows as a warning of impending global slowdown from FedEx hastened investors' flight to safety at the conclusion of a tumultuous week.All three major U.S. stock indexes slid to levels not touched since mid-July, with the S&P 500 closing below 3,900, a closely watched support level.Staggering past the finish line of a week rattled by inflation concerns, looming interest rate hikes and ominous economic warning signs, the S&P 500 and the Nasdaq suffered their worst weekly percentage plunges since June.\"It’s been a tough week. It feels Halloween came early\" said David Carter, managing director at JPMorgan in New York. \"We are facing in this toxic brew of high inflation, high interest rates and low growth, which isn’t good for stock or bond markets.\"Risk-off sentiment went from simmer to boil in the wake of FedEx Corp's withdrawal of its earnings forecast late Thursday, citing signs of dampening global demand.FedEx's move followed remarks from the World Bank and the IMF, both of which warned of an impending worldwide economic slowdown.A deluge of mixed economic data, dominated by a hotter-than-expected inflation report (CPI), cemented an interest rate hike of at least 75 basis points at the conclusion of the Fed's monetary policy meeting next week.\"While the market is expecting a big bump in the Fed’s rates next week, there is tremendous uncertainty and concern about future rate increases,\" Carter added. \"The Fed is doing what it needs to do. And after some pain, markets and the economy will heal themselves.\"Financial markets have priced in a 18% likelihood of a super-sized, 100 basis point increase to the Fed funds target rate on Wednesday, according to CME's FedWatch tool.   The Dow Jones Industrial Average fell 139.4 points, or 0.45%, to 30,822.42, the S&P 500 lost 28.02 points, or 0.72%, to 3,873.33 and the Nasdaq Composite dropped 103.95 points, or 0.9%, to 11,448.40.Nine of the 11 major sectors of the S&P 500 ended in negative territory, with energy and industrials suffering the sharpest percentage drops.Dow Transports, viewed as a barometer of economic health, plummeted 5.1%.That drop was led by FedEx shares tanking by 21.4%, the biggest drop in the S&P 500.Peers United Parcel Service and XPO Logistics slid 4.5% and 4.7%, respectively, while Amazon.com Inc slipped 2.1%.The session also marked the monthly options expiry, which occurs on the third Friday of every month. Options-hedging activity has amplified market moves this year, contributing to heightened volatility.The CBOE Market Volatility index, often called \"the fear index,\" touched a two-month high, breezing past a level associated with heightened investor anxiety.Declining issues outnumbered advancing ones on the NYSE by a 3.04-to-1 ratio; on Nasdaq, a 2.24-to-1 ratio favored decliners.The S&P 500 posted no new 52-week highs and 56 new lows; the Nasdaq Composite recorded 21 new highs and 387 new lows.Volume on U.S. exchanges was 16.92 billion shares, compared with the 10.72 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937010283,"gmtCreate":1663318699943,"gmtModify":1676537251474,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9937010283","repostId":"1190095898","repostType":4,"repost":{"id":"1190095898","kind":"news","pubTimestamp":1663317624,"share":"https://ttm.financial/m/news/1190095898?lang=&edition=full_marsco","pubTime":"2022-09-16 16:40","market":"us","language":"en","title":"Uber, FedEx, Texas Instruments And More: U.S. Stocks To Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=1190095898","media":"Benzinga","summary":"With US stock futures trading lower this morning on Friday, some of the stocks that may grab investo","content":"<html><head></head><body><p>With US stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:</p><ul><li><b>Uber</b> slid over 5% in premarket trading, it has shut down internal Slack messaging as it investigates a cybersecurity breach by a hacker claiming to have accessed the company’s data.</li></ul><ul><li><b>FedEx Corp</b> issued preliminary results. The company said it now expects first-quarter revenue of approximately $23.2 billion and first-quarter adjusted earnings to be around $3.44 per share. FedEx has withdrawn its fiscal year 2023 earnings forecast. The company expects business conditions to weaken further in the second quarter. FedEx shares dipped nearly 20% in premarket trading.</li><li><b>Syros Pharmaceuticals, Inc.</b> and <b>Tyme Technologies, Inc.</b> announced stockholder approval of the merger agreement. Syros also announced a 1-for-10 reverse stock split will be effective Sept. 16. </li></ul><ul><li><b>Applied Optoelectronics, Inc.</b> reported the sale of its Chinese manufacturing facilities to Yuhan Optoelectronic Technology for $150 million. </li><li><b>Texas Instruments Incorporated</b> announced plans to increase its quarterly dividend from $1.15 to $1.24 per share. The company’s board also authorized a repurchase of an additional $15 billion of its common stock.</li></ul></body></html>","source":"lsy1606299360108","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>Uber, FedEx, Texas Instruments And More: U.S. Stocks To Watch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber, FedEx, Texas Instruments And More: U.S. Stocks To Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-16 16:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/22/09/28893196/fedex-texas-instruments-and-3-stocks-to-watch-heading-into-friday><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With US stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:Uber slid over 5% in premarket trading, it has shut down internal Slack...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/22/09/28893196/fedex-texas-instruments-and-3-stocks-to-watch-heading-into-friday\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAOI":"Applied Optoelectronics Inc.","FDX":"联邦快递","TXN":"德州仪器","UBER":"优步","SYRS":"Syros Pharmaceuticals Inc.","TYME":"Tyme Technologies, Inc."},"source_url":"https://www.benzinga.com/news/earnings/22/09/28893196/fedex-texas-instruments-and-3-stocks-to-watch-heading-into-friday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190095898","content_text":"With US stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:Uber slid over 5% in premarket trading, it has shut down internal Slack messaging as it investigates a cybersecurity breach by a hacker claiming to have accessed the company’s data.FedEx Corp issued preliminary results. The company said it now expects first-quarter revenue of approximately $23.2 billion and first-quarter adjusted earnings to be around $3.44 per share. FedEx has withdrawn its fiscal year 2023 earnings forecast. The company expects business conditions to weaken further in the second quarter. FedEx shares dipped nearly 20% in premarket trading.Syros Pharmaceuticals, Inc. and Tyme Technologies, Inc. announced stockholder approval of the merger agreement. Syros also announced a 1-for-10 reverse stock split will be effective Sept. 16. Applied Optoelectronics, Inc. reported the sale of its Chinese manufacturing facilities to Yuhan Optoelectronic Technology for $150 million. Texas Instruments Incorporated announced plans to increase its quarterly dividend from $1.15 to $1.24 per share. The company’s board also authorized a repurchase of an additional $15 billion of its common stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985075153,"gmtCreate":1667280450672,"gmtModify":1676537890489,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9985075153","repostId":"2279383200","repostType":4,"isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988449864,"gmtCreate":1666826877358,"gmtModify":1676537811081,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9988449864","repostId":"2278850270","repostType":4,"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929428374,"gmtCreate":1670722799599,"gmtModify":1676538422804,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9929428374","repostId":"1151053281","repostType":4,"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959902992,"gmtCreate":1672875052217,"gmtModify":1676538750809,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959902992","repostId":"2301405863","repostType":4,"repost":{"id":"2301405863","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1672872942,"share":"https://ttm.financial/m/news/2301405863?lang=&edition=full_marsco","pubTime":"2023-01-05 06:55","market":"us","language":"en","title":"US STOCKS-S&P Closes Higher After Fed Minutes Confirm Inflation Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=2301405863","media":"Reuters","summary":"(Reuters) - The S&P 500 finished higher on Wednesday but below its session peak after volatile tradi","content":"<html><head></head><body><p>(Reuters) - The S&amp;P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve&#39;s last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace.</p><p>Officials at the Fed&#39;s Dec. 13-14 policy meeting agreed the U.S. central bank should continue increasing the cost of credit to control the pace of price increases, but in a gradual way intended to limit the risks to economic growth.</p><p>Investors were poring over the Fed&#39;s internal deliberations for clues about its future path. After the meeting, Fed Chair Jerome Powell had said more hikes were needed, and took a more hawkish tone than investors had expected back then.</p><p>While some money managers said the minutes included no surprises, the market appeared to have been holding onto hopes for some sign that the Fed was at least considering easing its policy tightening.</p><p>&#34;The market is like a kid asking for ice cream. The parents say &#39;no,&#39; but the market keeps asking because the parents have caved in the past,&#34; said Burns McKinney, portfolio manager at NFJ Investment Group LLC in Dallas. &#34;The market still thinks it&#39;s going to get ice cream, just not as soon as they thought before.&#34;</p><p>McKinney pointed to the minutes for evidence of Fed officials&#39; concern that an unwarranted easing of financial conditions would complicate their efforts to fight inflation.</p><p>The Dow Jones Industrial Average rose 133.4 points, or 0.4%, to 33,269.77; the S&amp;P 500 gained 28.83 points, or 0.75%, to 3,852.97; and the Nasdaq Composite added 71.78 points, or 0.69%, to 10,458.76.</p><p>The S&amp;P&#39;s rate-sensitive technology index lost some ground after the minutes before finishing up 0.26%. Even the bank sector, which benefits from higher rates, pared gains but still finished up 1.9%.</p><p>Energy was the weakest of the S&amp;P&#39;s 11 major industry sectors, closing up 0.06%, while real estate was the strongest, closed up 2.3%, followed by a 1.7% gain in materials.</p><p>Also on Wednesday, Minneapolis Fed President Neel Kashkari also stressed the need for continued rate hikes, setting out his own forecast that the policy rate should initially pause at 5.4%.</p><p>&#34;The Fed minutes are a good reminder for investors to expect rates to remain high throughout all of 2023. Amid a persistently strong job market, it makes sense that fighting inflation remains the name of the game for the Fed,&#34; said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office in New York.</p><p>&#34;Bottom line is that, even though we flipped the calendar, the market headwinds from last year remain.”</p><p>Market participants now see a 68.8% chance of a 25 basis points rate hike from the Fed in February, but still see rates peaking just below 5% by June..</p><p>Earlier in the day, data showed U.S. job openings in November indicating a tight labor market, giving the Fed cover to stick to its monetary tightening campaign for longer, while other data showed manufacturing contracted further in December.</p><p>U.S. equities were pummeled in 2022 on worries of a recession due to aggressive monetary policy tightening, with the three main stock indexes logging their steepest annual losses since 2008.</p><p>On the Nasdaq 100 the largest gainer was U.S. shares of JD.Com Inc, which rose 14.7% on hopes for a post-COVID-19 recovery in China. The largest decliner was Microsoft, down 4.4% after a UBS analyst downgraded the stock to &#34;neutral&#34; from a &#34;buy&#34; rating.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 4.30-to-1 ratio; on Nasdaq, a 2.74-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted five new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 51 new lows.</p><p>On U.S. exchanges 11.35 billion shares changed hands, compared with the 10.83 billion-share average for the last 20 trading days, which included some volume weakness due to the holidays.</p></body></html>","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>US STOCKS-S&P Closes Higher After Fed Minutes Confirm Inflation Focus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P Closes Higher After Fed Minutes Confirm Inflation Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-01-05 06:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - The S&amp;P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve&#39;s last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace.</p><p>Officials at the Fed&#39;s Dec. 13-14 policy meeting agreed the U.S. central bank should continue increasing the cost of credit to control the pace of price increases, but in a gradual way intended to limit the risks to economic growth.</p><p>Investors were poring over the Fed&#39;s internal deliberations for clues about its future path. After the meeting, Fed Chair Jerome Powell had said more hikes were needed, and took a more hawkish tone than investors had expected back then.</p><p>While some money managers said the minutes included no surprises, the market appeared to have been holding onto hopes for some sign that the Fed was at least considering easing its policy tightening.</p><p>&#34;The market is like a kid asking for ice cream. The parents say &#39;no,&#39; but the market keeps asking because the parents have caved in the past,&#34; said Burns McKinney, portfolio manager at NFJ Investment Group LLC in Dallas. &#34;The market still thinks it&#39;s going to get ice cream, just not as soon as they thought before.&#34;</p><p>McKinney pointed to the minutes for evidence of Fed officials&#39; concern that an unwarranted easing of financial conditions would complicate their efforts to fight inflation.</p><p>The Dow Jones Industrial Average rose 133.4 points, or 0.4%, to 33,269.77; the S&amp;P 500 gained 28.83 points, or 0.75%, to 3,852.97; and the Nasdaq Composite added 71.78 points, or 0.69%, to 10,458.76.</p><p>The S&amp;P&#39;s rate-sensitive technology index lost some ground after the minutes before finishing up 0.26%. Even the bank sector, which benefits from higher rates, pared gains but still finished up 1.9%.</p><p>Energy was the weakest of the S&amp;P&#39;s 11 major industry sectors, closing up 0.06%, while real estate was the strongest, closed up 2.3%, followed by a 1.7% gain in materials.</p><p>Also on Wednesday, Minneapolis Fed President Neel Kashkari also stressed the need for continued rate hikes, setting out his own forecast that the policy rate should initially pause at 5.4%.</p><p>&#34;The Fed minutes are a good reminder for investors to expect rates to remain high throughout all of 2023. Amid a persistently strong job market, it makes sense that fighting inflation remains the name of the game for the Fed,&#34; said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office in New York.</p><p>&#34;Bottom line is that, even though we flipped the calendar, the market headwinds from last year remain.”</p><p>Market participants now see a 68.8% chance of a 25 basis points rate hike from the Fed in February, but still see rates peaking just below 5% by June..</p><p>Earlier in the day, data showed U.S. job openings in November indicating a tight labor market, giving the Fed cover to stick to its monetary tightening campaign for longer, while other data showed manufacturing contracted further in December.</p><p>U.S. equities were pummeled in 2022 on worries of a recession due to aggressive monetary policy tightening, with the three main stock indexes logging their steepest annual losses since 2008.</p><p>On the Nasdaq 100 the largest gainer was U.S. shares of JD.Com Inc, which rose 14.7% on hopes for a post-COVID-19 recovery in China. The largest decliner was Microsoft, down 4.4% after a UBS analyst downgraded the stock to &#34;neutral&#34; from a &#34;buy&#34; rating.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 4.30-to-1 ratio; on Nasdaq, a 2.74-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted five new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 51 new lows.</p><p>On U.S. exchanges 11.35 billion shares changed hands, compared with the 10.83 billion-share average for the last 20 trading days, which included some volume weakness due to the holidays.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","COMP":"Compass, Inc.",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2301405863","content_text":"(Reuters) - The S&P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve's last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace.Officials at the Fed's Dec. 13-14 policy meeting agreed the U.S. central bank should continue increasing the cost of credit to control the pace of price increases, but in a gradual way intended to limit the risks to economic growth.Investors were poring over the Fed's internal deliberations for clues about its future path. After the meeting, Fed Chair Jerome Powell had said more hikes were needed, and took a more hawkish tone than investors had expected back then.While some money managers said the minutes included no surprises, the market appeared to have been holding onto hopes for some sign that the Fed was at least considering easing its policy tightening.\"The market is like a kid asking for ice cream. The parents say 'no,' but the market keeps asking because the parents have caved in the past,\" said Burns McKinney, portfolio manager at NFJ Investment Group LLC in Dallas. \"The market still thinks it's going to get ice cream, just not as soon as they thought before.\"McKinney pointed to the minutes for evidence of Fed officials' concern that an unwarranted easing of financial conditions would complicate their efforts to fight inflation.The Dow Jones Industrial Average rose 133.4 points, or 0.4%, to 33,269.77; the S&P 500 gained 28.83 points, or 0.75%, to 3,852.97; and the Nasdaq Composite added 71.78 points, or 0.69%, to 10,458.76.The S&P's rate-sensitive technology index lost some ground after the minutes before finishing up 0.26%. Even the bank sector, which benefits from higher rates, pared gains but still finished up 1.9%.Energy was the weakest of the S&P's 11 major industry sectors, closing up 0.06%, while real estate was the strongest, closed up 2.3%, followed by a 1.7% gain in materials.Also on Wednesday, Minneapolis Fed President Neel Kashkari also stressed the need for continued rate hikes, setting out his own forecast that the policy rate should initially pause at 5.4%.\"The Fed minutes are a good reminder for investors to expect rates to remain high throughout all of 2023. Amid a persistently strong job market, it makes sense that fighting inflation remains the name of the game for the Fed,\" said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office in New York.\"Bottom line is that, even though we flipped the calendar, the market headwinds from last year remain.”Market participants now see a 68.8% chance of a 25 basis points rate hike from the Fed in February, but still see rates peaking just below 5% by June..Earlier in the day, data showed U.S. job openings in November indicating a tight labor market, giving the Fed cover to stick to its monetary tightening campaign for longer, while other data showed manufacturing contracted further in December.U.S. equities were pummeled in 2022 on worries of a recession due to aggressive monetary policy tightening, with the three main stock indexes logging their steepest annual losses since 2008.On the Nasdaq 100 the largest gainer was U.S. shares of JD.Com Inc, which rose 14.7% on hopes for a post-COVID-19 recovery in China. The largest decliner was Microsoft, down 4.4% after a UBS analyst downgraded the stock to \"neutral\" from a \"buy\" rating.Advancing issues outnumbered declining ones on the NYSE by a 4.30-to-1 ratio; on Nasdaq, a 2.74-to-1 ratio favored advancers.The S&P 500 posted five new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 51 new lows.On U.S. exchanges 11.35 billion shares changed hands, compared with the 10.83 billion-share average for the last 20 trading days, which included some volume weakness due to the holidays.","news_type":1},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9968125750,"gmtCreate":1669163849071,"gmtModify":1676538160237,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9968125750","repostId":"1120816334","repostType":4,"isVote":1,"tweetType":1,"viewCount":36,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988449064,"gmtCreate":1666826864658,"gmtModify":1676537811066,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9988449064","repostId":"1146235339","repostType":4,"repost":{"id":"1146235339","kind":"news","pubTimestamp":1666826795,"share":"https://ttm.financial/m/news/1146235339?lang=&edition=full_marsco","pubTime":"2022-10-27 07:26","language":"en","title":"ASX Gains, Buoyed By JB Hi-Fi and Super Retail","url":"https://stock-news.laohu8.com/highlight/detail?id=1146235339","media":"AFR","summary":"Australian shares lifted 0.5 percent in early trade on Thursday with energy and materials leading ga","content":"<html><head></head><body><p>Australian shares lifted 0.5 percent in early trade on Thursday with energy and materials leading gains.</p><p>ANZ shares shed 0.4 percent despite annual cash profit of $6.5 billion. NAB and Westpac also slipped but CBA eked out a 0.1 percent gain.</p><p>JB Hi-Fi leapt 2.7 percent after sales in the first quarter posted double-digit growth across both brands which includes The Good Guys.</p><p>Fortescue Metals rose 1 percent after shipping a record volume of iron ore in the past three months.</p><p>Super Retail advanced 1.4 percent after posting a 20 percent jump in sales in the first three months of the new financial year.</p><p>Mining heavyweights Rio Tinto and BHP jumped more than 1 percent.</p></body></html>","source":"lsy1647389686240","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>ASX Gains, Buoyed By JB Hi-Fi and Super Retail</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Gains, Buoyed By JB Hi-Fi and Super Retail\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-27 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/markets/equity-markets/asx-to-rise-bank-of-canada-pivots-20221027-p5btb1><strong>AFR</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australian shares lifted 0.5 percent in early trade on Thursday with energy and materials leading gains.ANZ shares shed 0.4 percent despite annual cash profit of $6.5 billion. NAB and Westpac also ...</p>\n\n<a href=\"https://www.afr.com/markets/equity-markets/asx-to-rise-bank-of-canada-pivots-20221027-p5btb1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数","XJO.AU":"标普/澳交所 200指数"},"source_url":"https://www.afr.com/markets/equity-markets/asx-to-rise-bank-of-canada-pivots-20221027-p5btb1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146235339","content_text":"Australian shares lifted 0.5 percent in early trade on Thursday with energy and materials leading gains.ANZ shares shed 0.4 percent despite annual cash profit of $6.5 billion. NAB and Westpac also slipped but CBA eked out a 0.1 percent gain.JB Hi-Fi leapt 2.7 percent after sales in the first quarter posted double-digit growth across both brands which includes The Good Guys.Fortescue Metals rose 1 percent after shipping a record volume of iron ore in the past three months.Super Retail advanced 1.4 percent after posting a 20 percent jump in sales in the first three months of the new financial year.Mining heavyweights Rio Tinto and BHP jumped more than 1 percent.","news_type":1},"isVote":1,"tweetType":1,"viewCount":109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925795672,"gmtCreate":1672104836097,"gmtModify":1676538634402,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925795672","repostId":"1164296913","repostType":4,"repost":{"id":"1164296913","kind":"news","pubTimestamp":1672103703,"share":"https://ttm.financial/m/news/1164296913?lang=&edition=full_marsco","pubTime":"2022-12-27 09:15","market":"us","language":"en","title":"Wall Street’s Big Banks Score $1 Trillion of Profit in a Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=1164296913","media":"Bloomberg","summary":"Malick Diop felt something shifting on Wall Street.He’d joined Morgan Stanley in the grim days of 20","content":"<html><head></head><body><p>Malick Diop felt something shifting on Wall Street.</p><p>He’d joined Morgan Stanley in the grim days of 2009, when big banks were trying to pay back taxpayer bailouts and deflect public fury. But four years later, the ire was fading and ambition was the order of the day.</p><p>“It really felt like, for the first time, the job and the career weren’t defined by the context of the financial crisis,” Diop said. “We are past this now. And now it’s time for us to do new deals.” In the years that followed, his rise to managing director traced a new boom. He helped orchestrate a multibillion-dollar deal with SoftBank Group, whose breakneck investments defined an era, then closed a huge SPAC merger at the height of that rush.</p><p><img src=\"https://static.tigerbbs.com/54df256d6814c9b038230cdbd3cced2b\" tg-width=\"667\" tg-height=\"406\" width=\"100%\" height=\"auto\"/></p><p>Diop didn’t know it, but he was playing a small role in something almost unfathomably lucrative: The first trillion-dollar decade for the six giants of US banking. That’s not $1 trillion of total revenue, it’s pure profit.</p><p>Such a haul didn’t seem possible before the decade began, when Wall Street was the target of a global protest movement and politicians at both ends of the spectrum were seething over bailouts or aiming to break up too-big-to-fail lenders.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9cc1b6fd89304f1edae3547fb49589f4\" tg-width=\"800\" tg-height=\"509\" width=\"100%\" height=\"auto\"/><span>Occupy Wall Street demonstrators march in New York in November 2011.Photographer: Peter Foley/Bloomberg</span></p><p>They swelled instead, outpacing corporate America so handily thatJPMorgan Chase &amp; Co.,Bank of America Corp., and even hobbledWells Fargo &amp; Co.are on track to make more profit over those 10 years than all but a few publicly traded US companies, according to data compiled by Bloomberg.Citigroup Inc.,Goldman Sachs Group Inc.andMorgan Stanleyaren’t far behind. And together the six are poised to make even more next year.</p><p>While much of the world’s attention was focused on the riches minted by Silicon Valley, banks were gaining momentum. There isn’t one way to explain how they pulled it off: Volatility juiced Wall Street’s trading hauls, investment bankers like Diop rode a dealmaking boom, and Donald Trump boosted bottom lines by slashing taxes. Likewise, there isn’t one reaction across the industry to the milestone.</p><p><img src=\"https://static.tigerbbs.com/a35df2072785576c50fe09317f250a02\" tg-width=\"680\" tg-height=\"410\" width=\"100%\" height=\"auto\"/></p><p>“Sometimes there’s this sense that the fact that they profited that much is somehow terrible, and I just don’t think that’s the case,” said Betsy Duke, a former Federal Reserve governor who chaired Wells Fargo’s board until 2020. “About everything you could throw at the financial system has been thrown at it in the last 10 years. These banks have not just survived but they’ve actually thrived.”</p><p>In a decade of public anger at the banks, tougher rules, geopolitical havoc, the pandemic and some treacherous market swings, banks “were able to cope with all of that, and not only cope with it but earn $1 trillion,” Duke said.</p><p>Analyst estimates show the six banks are quickly closing in on that feat — $1 trillion in a 10-year period — and that if they don&#39;t reach the milestone at the end of this month, they will sometime in the first few weeks of 2023. It isn’t just the scale of profit that’s so startling, though, but the industry’s ability to push through scandals and thrive anew.</p><p>Ten years ago, JPMorgan, now the most profitable and valuable US bank by market capitalization, was in the doghouse after the London Whale trading fiasco. Wells was on top of the big six, the most valuable and the sole member of the group pulling in more than $20 billion. Though its earnings were later derailed over revelations of consumer abuses, analysts see it nearing that level again in 2023.</p><p>What didn’t transform over those years is the broad outline of the business: Banks sell stocks and bonds, trade financial instruments, advise on corporate takeovers, manage wealth, handle payments and lend. Back in 2013, some traders were already mourning the casino-style risk-taking that Dodd-Frank of 2010 threatened, even if Washington was still hammering out the exact rules.</p><h2>Paying for Scandals</h2><p>To get out of the shadow of the global crisis, the banks had to pay. In 2014, Bank of America agreed to a record-breaking $16.7 billion settlement to end probes into shoddy mortgage practices, passing JPMorgan’s $13 billion. By then, some banks were mining new veins of profit that got them into trouble.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89feefd8ad4764aaa06a2815556afc47\" tg-width=\"800\" tg-height=\"460\" width=\"100%\" height=\"auto\"/><span>A crowd of onlookers gathers outside Lehman Brothers headquarters in New York in September 2008.Photographer: Mario Tama/Getty Images North America</span></p><p>Employees inside Wells Fargo, under pressure to meet sales targets, set up millions of accounts for customers who hadn’t asked for them, the most famous in a series of scandals that ultimately spanned most of its businesses. And in Malaysia, Goldman Sachs finished raising billions of dollars in 2013 for a state-owned investment fund known as 1MDB, which was then pilfered by a group including the former prime minister.</p><p>“My biggest regret in the last decade was not stopping the 1MDB transaction,” said former Goldman partner Robert Mass, a compliance executive. “Each issue was vetted, in some cases multiple times, but in the end the answers that we received satisfied us.” Mass, who now teaches philosophy at Hunter College in New York, said the firm was “misled by our own people, who were in on the bribe, in a way that we had no reason to doubt and could not disprove.” He wasn’t sure if he learned any lessons, “other than to be less trusting.”</p><p>The magnitude of profit makes those mistakes look like hiccups. One person the industry can thank, Trump, taunted banks on the campaign trail before putting two Goldman alumni in charge of a tax overhaul that helped transform corporate profits. Banks that had gotten used to paying three in ten dollars to the government found themselves forking over less than one in five for 2018. Their tax bills went down from there.</p><p>That year marked a new intensity for Wall Street’s growth. Banks that had made less than $70 billion in 2017 made $120 billion in 2018 thanks to tax cuts, an uptick in interest rates and surges in retail banking and dealmaking. Their combined assets, which hovered around $10 trillion for years, began to shoot up.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e5e674f59894542565271642554160d\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/><span>President Donald Trump speaks alongside Director of the National Economic Council Gary Cohn and Treasury Secretary Steve Mnuchin at Trump Tower in New York in August 2017.Photographer: Drew Angerer/Getty Images</span></p><p>The way top Wall Street lawyer H. Rodgin Cohen sees it, all of this shouldn’t be a surprise. “Banks may be seen as always winning with a couple of exceptions because of their role in the economy,” said Cohen, who’s now senior chair of Sullivan &amp; Cromwell LLP. “They are intermediaries. They’re borrowing and they’re lending.”</p><p>The decade was a frothy time to be a banker. Personnel expenses for the six companies, which had hovered around $148 billion at the beginning of the era before dropping for a few years, jumped to $154 billion in 2019, never mind that their overall number of employees had actually fallen. Jamie Dimon, the JPMorgan boss who’d already become a billionaire, would eventually get such a big pay package that a proxy advisory firm told shareholders tovote againstit.</p><p>“One of the goals of a good society is that everyone, including those people at the bottom, have enough to survive and flourish,” said Mass, the former Goldman partner who now studies ethics. “I am OK that people are paid well for producing products and services that increase the overall level of wealth in society, but only when we combine that with appropriate taxation and sufficient social safety so that those at the bottom can flourish.” He added that he isn’t enough of an expert to say if current taxes and safety nets are the right size.</p><p>Few things transformed the landscape of Wall Street as profoundly as the pandemic’s arrival in 2020. To avoid economic cataclysm, the government rolled out relief programs for consumers and businesses, and the Fed bought trillions of dollars of assets. The market mayhem brought back the volatility that trading floors crave. Corporations lined up to borrow, raise capital or buy weakened competitors.</p><p>Things were changing inside the banks, too. When police murdered George Floyd that May, Diop found himself inundated with messages from classmates and colleagues.</p><p>“It was from an actual good place and well meaning, but at the same time you get 20 of those calls because you are the lone person that comes up,” he said. It was “exhausting to be everyone’s Black friend at that moment.”</p><p>That September, the news that Jane Fraser would become the first woman to run one of the big US banks was greeted by her colleagues with cheers, but also frustration for how long it took.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ca7c0283c18eb7b557a508e8a2ab5d19\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/><span>Jane Fraser, during a Senate hearing in Washington in September.Photographer: Al Drago/Bloomberg</span></p><p>“I tried to change the industry from the inside out at the three largest banks and I failed — I have the shards of glass on my head to show it,” said Anne Clarke Wolff, a former executive at Citigroup, JPMorgan and Bank of America who founded Independence Point Advisors last year. “In 10 years at a big bank, the CEO didn’t spend 10 minutes with me — and I was among the most senior women.”</p><p>In early 2020, analysts were writingobituariesfor Wall Street’s run of record profits. Instead, the banks helped spark the boom of blank-check companies known as SPACs. Later, once regulators got jittery and prices soured, investors were left holding the bag.</p><p>Profits in 2021 also got help from an accounting move: The banks felt good enough about the economy, thanks to government intervention, to release some of the reserves they had set aside in case loans soured. The big six made more profit in 2021 than in 2013 and 2014 combined. Even when Russia invaded Ukraine this year, the chaos helped traders defy expectations of hard times.</p><p>The tally of profits from the past 10 years eclipses the prior decade’s even if you take into account inflation and big bank mergers during the financial crisis.</p><p>Yet other corporate titans, especially in Silicon Valley, did too well for Wall Street to claim a monopoly on success. Apple Inc. alone made more than half a trillion dollars. Microsoft Corp., Berkshire Hathaway Inc. and Alphabet Inc. topped JPMorgan, followed by Exxon Mobil Corp. edging out Bank of America and Wells Fargo.</p><p>Banks would attribute some of their gains to innovation, after they invested in tech platforms and improved offerings including credit card rewards. They’ve also helped companies tap capital markets to grow the economy. And they’ve held on to some of the profit, adding more than $200 billion to their capital buffers over the past decade to make a repeat of 2008 less likely.</p><p>Critics would counter that the banks didn&#39;t do it alone. Many of them wouldn&#39;t have survived 2008 if it weren&#39;t for taxpayer aid, and those buffers are the result of stiffer capital rules, sometimes enacted over bankers’ strident objections. Moreover, it was another government intervention that propped the economy up during the pandemic, teeing up those record profits. Among other knocks: Some banks have focused on a narrower slice of clients, limiting opportunities for many communities, and have been slow to pass along rate hikes to savers, betting that customers won’t flee to smaller rivals.</p><p>Ultimately, banks’ fortunes depend on the health of their clients, Cohen said. Their epic profits will drop “if the economy takes a downturn, a real downturn,” he said.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac7e6855de920342630d1342a0f3ca5d\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/><span>Tourists take pictures with the Charging Bull statue in New York on Aug. 16.Photographer: Angela Weiss/AFP/Getty Images</span></p><p>Diop’s career shows the potential pitfalls. Two major mortgage companies he helped bring to the public markets during the pandemic are down more than 50%, battered by higher interest rates and economic concerns.</p><p>Even when markets were ebullient, Diop worried about how things would look when the mood turned. “But you can’t be on the sidelines for every deal,” he said. This year, he left Morgan Stanley to become an executive at Hoorae, the media company run by the actor and producer Issa Rae, his sister.</p><p>“I actually already miss it a little bit,” he said. “I miss figuring out what’s next.”</p></body></html>","source":"lsy1584095487587","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>Wall Street’s Big Banks Score $1 Trillion of Profit in a Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street’s Big Banks Score $1 Trillion of Profit in a Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-27 09:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/features/2022-12-27/wall-street-s-6-biggest-banks-hit-1-trillion-profit-in-10-years?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Malick Diop felt something shifting on Wall Street.He’d joined Morgan Stanley in the grim days of 2009, when big banks were trying to pay back taxpayer bailouts and deflect public fury. But four years...</p>\n\n<a href=\"https://www.bloomberg.com/news/features/2022-12-27/wall-street-s-6-biggest-banks-hit-1-trillion-profit-in-10-years?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行","JPM":"摩根大通","WFC":"富国银行","C":"花旗","MS":"摩根士丹利","GS":"高盛"},"source_url":"https://www.bloomberg.com/news/features/2022-12-27/wall-street-s-6-biggest-banks-hit-1-trillion-profit-in-10-years?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164296913","content_text":"Malick Diop felt something shifting on Wall Street.He’d joined Morgan Stanley in the grim days of 2009, when big banks were trying to pay back taxpayer bailouts and deflect public fury. But four years later, the ire was fading and ambition was the order of the day.“It really felt like, for the first time, the job and the career weren’t defined by the context of the financial crisis,” Diop said. “We are past this now. And now it’s time for us to do new deals.” In the years that followed, his rise to managing director traced a new boom. He helped orchestrate a multibillion-dollar deal with SoftBank Group, whose breakneck investments defined an era, then closed a huge SPAC merger at the height of that rush.Diop didn’t know it, but he was playing a small role in something almost unfathomably lucrative: The first trillion-dollar decade for the six giants of US banking. That’s not $1 trillion of total revenue, it’s pure profit.Such a haul didn’t seem possible before the decade began, when Wall Street was the target of a global protest movement and politicians at both ends of the spectrum were seething over bailouts or aiming to break up too-big-to-fail lenders.Occupy Wall Street demonstrators march in New York in November 2011.Photographer: Peter Foley/BloombergThey swelled instead, outpacing corporate America so handily thatJPMorgan Chase & Co.,Bank of America Corp., and even hobbledWells Fargo & Co.are on track to make more profit over those 10 years than all but a few publicly traded US companies, according to data compiled by Bloomberg.Citigroup Inc.,Goldman Sachs Group Inc.andMorgan Stanleyaren’t far behind. And together the six are poised to make even more next year.While much of the world’s attention was focused on the riches minted by Silicon Valley, banks were gaining momentum. There isn’t one way to explain how they pulled it off: Volatility juiced Wall Street’s trading hauls, investment bankers like Diop rode a dealmaking boom, and Donald Trump boosted bottom lines by slashing taxes. Likewise, there isn’t one reaction across the industry to the milestone.“Sometimes there’s this sense that the fact that they profited that much is somehow terrible, and I just don’t think that’s the case,” said Betsy Duke, a former Federal Reserve governor who chaired Wells Fargo’s board until 2020. “About everything you could throw at the financial system has been thrown at it in the last 10 years. These banks have not just survived but they’ve actually thrived.”In a decade of public anger at the banks, tougher rules, geopolitical havoc, the pandemic and some treacherous market swings, banks “were able to cope with all of that, and not only cope with it but earn $1 trillion,” Duke said.Analyst estimates show the six banks are quickly closing in on that feat — $1 trillion in a 10-year period — and that if they don't reach the milestone at the end of this month, they will sometime in the first few weeks of 2023. It isn’t just the scale of profit that’s so startling, though, but the industry’s ability to push through scandals and thrive anew.Ten years ago, JPMorgan, now the most profitable and valuable US bank by market capitalization, was in the doghouse after the London Whale trading fiasco. Wells was on top of the big six, the most valuable and the sole member of the group pulling in more than $20 billion. Though its earnings were later derailed over revelations of consumer abuses, analysts see it nearing that level again in 2023.What didn’t transform over those years is the broad outline of the business: Banks sell stocks and bonds, trade financial instruments, advise on corporate takeovers, manage wealth, handle payments and lend. Back in 2013, some traders were already mourning the casino-style risk-taking that Dodd-Frank of 2010 threatened, even if Washington was still hammering out the exact rules.Paying for ScandalsTo get out of the shadow of the global crisis, the banks had to pay. In 2014, Bank of America agreed to a record-breaking $16.7 billion settlement to end probes into shoddy mortgage practices, passing JPMorgan’s $13 billion. By then, some banks were mining new veins of profit that got them into trouble.A crowd of onlookers gathers outside Lehman Brothers headquarters in New York in September 2008.Photographer: Mario Tama/Getty Images North AmericaEmployees inside Wells Fargo, under pressure to meet sales targets, set up millions of accounts for customers who hadn’t asked for them, the most famous in a series of scandals that ultimately spanned most of its businesses. And in Malaysia, Goldman Sachs finished raising billions of dollars in 2013 for a state-owned investment fund known as 1MDB, which was then pilfered by a group including the former prime minister.“My biggest regret in the last decade was not stopping the 1MDB transaction,” said former Goldman partner Robert Mass, a compliance executive. “Each issue was vetted, in some cases multiple times, but in the end the answers that we received satisfied us.” Mass, who now teaches philosophy at Hunter College in New York, said the firm was “misled by our own people, who were in on the bribe, in a way that we had no reason to doubt and could not disprove.” He wasn’t sure if he learned any lessons, “other than to be less trusting.”The magnitude of profit makes those mistakes look like hiccups. One person the industry can thank, Trump, taunted banks on the campaign trail before putting two Goldman alumni in charge of a tax overhaul that helped transform corporate profits. Banks that had gotten used to paying three in ten dollars to the government found themselves forking over less than one in five for 2018. Their tax bills went down from there.That year marked a new intensity for Wall Street’s growth. Banks that had made less than $70 billion in 2017 made $120 billion in 2018 thanks to tax cuts, an uptick in interest rates and surges in retail banking and dealmaking. Their combined assets, which hovered around $10 trillion for years, began to shoot up.President Donald Trump speaks alongside Director of the National Economic Council Gary Cohn and Treasury Secretary Steve Mnuchin at Trump Tower in New York in August 2017.Photographer: Drew Angerer/Getty ImagesThe way top Wall Street lawyer H. Rodgin Cohen sees it, all of this shouldn’t be a surprise. “Banks may be seen as always winning with a couple of exceptions because of their role in the economy,” said Cohen, who’s now senior chair of Sullivan & Cromwell LLP. “They are intermediaries. They’re borrowing and they’re lending.”The decade was a frothy time to be a banker. Personnel expenses for the six companies, which had hovered around $148 billion at the beginning of the era before dropping for a few years, jumped to $154 billion in 2019, never mind that their overall number of employees had actually fallen. Jamie Dimon, the JPMorgan boss who’d already become a billionaire, would eventually get such a big pay package that a proxy advisory firm told shareholders tovote againstit.“One of the goals of a good society is that everyone, including those people at the bottom, have enough to survive and flourish,” said Mass, the former Goldman partner who now studies ethics. “I am OK that people are paid well for producing products and services that increase the overall level of wealth in society, but only when we combine that with appropriate taxation and sufficient social safety so that those at the bottom can flourish.” He added that he isn’t enough of an expert to say if current taxes and safety nets are the right size.Few things transformed the landscape of Wall Street as profoundly as the pandemic’s arrival in 2020. To avoid economic cataclysm, the government rolled out relief programs for consumers and businesses, and the Fed bought trillions of dollars of assets. The market mayhem brought back the volatility that trading floors crave. Corporations lined up to borrow, raise capital or buy weakened competitors.Things were changing inside the banks, too. When police murdered George Floyd that May, Diop found himself inundated with messages from classmates and colleagues.“It was from an actual good place and well meaning, but at the same time you get 20 of those calls because you are the lone person that comes up,” he said. It was “exhausting to be everyone’s Black friend at that moment.”That September, the news that Jane Fraser would become the first woman to run one of the big US banks was greeted by her colleagues with cheers, but also frustration for how long it took.Jane Fraser, during a Senate hearing in Washington in September.Photographer: Al Drago/Bloomberg“I tried to change the industry from the inside out at the three largest banks and I failed — I have the shards of glass on my head to show it,” said Anne Clarke Wolff, a former executive at Citigroup, JPMorgan and Bank of America who founded Independence Point Advisors last year. “In 10 years at a big bank, the CEO didn’t spend 10 minutes with me — and I was among the most senior women.”In early 2020, analysts were writingobituariesfor Wall Street’s run of record profits. Instead, the banks helped spark the boom of blank-check companies known as SPACs. Later, once regulators got jittery and prices soured, investors were left holding the bag.Profits in 2021 also got help from an accounting move: The banks felt good enough about the economy, thanks to government intervention, to release some of the reserves they had set aside in case loans soured. The big six made more profit in 2021 than in 2013 and 2014 combined. Even when Russia invaded Ukraine this year, the chaos helped traders defy expectations of hard times.The tally of profits from the past 10 years eclipses the prior decade’s even if you take into account inflation and big bank mergers during the financial crisis.Yet other corporate titans, especially in Silicon Valley, did too well for Wall Street to claim a monopoly on success. Apple Inc. alone made more than half a trillion dollars. Microsoft Corp., Berkshire Hathaway Inc. and Alphabet Inc. topped JPMorgan, followed by Exxon Mobil Corp. edging out Bank of America and Wells Fargo.Banks would attribute some of their gains to innovation, after they invested in tech platforms and improved offerings including credit card rewards. They’ve also helped companies tap capital markets to grow the economy. And they’ve held on to some of the profit, adding more than $200 billion to their capital buffers over the past decade to make a repeat of 2008 less likely.Critics would counter that the banks didn't do it alone. Many of them wouldn't have survived 2008 if it weren't for taxpayer aid, and those buffers are the result of stiffer capital rules, sometimes enacted over bankers’ strident objections. Moreover, it was another government intervention that propped the economy up during the pandemic, teeing up those record profits. Among other knocks: Some banks have focused on a narrower slice of clients, limiting opportunities for many communities, and have been slow to pass along rate hikes to savers, betting that customers won’t flee to smaller rivals.Ultimately, banks’ fortunes depend on the health of their clients, Cohen said. Their epic profits will drop “if the economy takes a downturn, a real downturn,” he said.Tourists take pictures with the Charging Bull statue in New York on Aug. 16.Photographer: Angela Weiss/AFP/Getty ImagesDiop’s career shows the potential pitfalls. Two major mortgage companies he helped bring to the public markets during the pandemic are down more than 50%, battered by higher interest rates and economic concerns.Even when markets were ebullient, Diop worried about how things would look when the mood turned. “But you can’t be on the sidelines for every deal,” he said. This year, he left Morgan Stanley to become an executive at Hoorae, the media company run by the actor and producer Issa Rae, his sister.“I actually already miss it a little bit,” he said. “I miss figuring out what’s next.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987710602,"gmtCreate":1667990524306,"gmtModify":1676537995493,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987710602","repostId":"1157692624","repostType":4,"repost":{"id":"1157692624","kind":"news","pubTimestamp":1668008277,"share":"https://ttm.financial/m/news/1157692624?lang=&edition=full_marsco","pubTime":"2022-11-09 23:37","market":"us","language":"en","title":"Even At The 12-Month Low, Tesla Is Not A Compelling Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=1157692624","media":"Seeking Alpha","summary":"SummaryTSLA is trading at 12-month lows.Rising interest rates, Q3's revenue miss, and slowing sales ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>TSLA is trading at 12-month lows.</li><li>Rising interest rates, Q3&#39;s revenue miss, and slowing sales in China are immediate concerns.</li><li>The Wall Street consensus rating is a buy, with a consensus 12-month price target that is about 50% above the current share price.</li><li>The very high dispersion in the individual analyst price targets reduces confidence in the meaningfulness of the consensus.</li><li>The market-implied outlook (calculated from options prices) is slightly bullish through the end of 2022, but bearish to mid-2023.</li></ul><p>Shares of Tesla (NASDAQ: TSLA) have fallen by 15% from the closing price on October 31st and are down 51.6% from the 12-month high closing price of $399.93 on January 3rd. The shares are currently trading at 12-month lows. The drop in the share price since the end of October is largely attributable to declining vehicle sales in China for October, with the company cutting the prices of the Model 3 and Model Y by 9% to maintain demand. The market response to the China news was probably exacerbated by growing concerns after TSLA’s revenue miss for Q3(reported on October 19th).</p><p><img src=\"https://static.tigerbbs.com/ed96ee922a9178151466be6bb913196e\" tg-width=\"1280\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>12-Month price history and basic statistics for TSLA above.</p><p>Tesla’s valuation depends on continued rapid growth in revenues and earnings. This fact makes the share value quite sensitive to changes in interest rates. The theoretical value of a stock is the net present value of future earnings. The further into the future that these earnings are expected, the larger the compounded impact of increasing the discount rate, which depends on current interest rates. Rising interest rates are one of the factors driving TSLA down.</p><p>The prevailing view among Wall Street analysts is that TSLA can maintain recent years’ incredibly rapid growth rates. The consensus for the rate of EPS growth over the next 3 to 5 years is 31.6% per year. If the company fails to deliver earnings in line with this outlook, the share valuation is likely to decline.</p><p><img src=\"https://static.tigerbbs.com/bddbc4100fa6280bf6fcc0ef8b86d03a\" tg-width=\"1280\" tg-height=\"418\" referrerpolicy=\"no-referrer\"/></p><p>ETrade</p><p>Trailing (3 years) and estimated future quarterly EPS for TSLA. Green (red) values are amounts by which EPS beat (missed) the consensus expected EPS above.</p><p>Tesla has generated growth rates that amply demonstrate the company’s exceptionalism. TSLA’s YoY revenue growth rate is59.8%, as compared to 4.5% for Toyota (TM), 6.6% for Mercedes-Benz Group (OTCPK: MBGAF), 12.4% for General Motors (GM), and 12.7% for Ford (F). TSLA also has gross profit margins that are higher than those of these competing firms. Given the massive difference in scale of production, TSLA’s higher profit margins are impressive. The question for investors is whether the current share valuation makes sense, given that this valuation is sensitive to interest rates and depends on maintaining heroic growth rates.</p><p>I last wrote about TSLA on May 25, 2022, about 5 ½ months ago, and I maintained a sell rating on the shares. At that time, the Wall Street consensus rating on TSLA was a buy and the consensus 12-month price target was almost 50% above the share price. One red flag from the analyst outlooks was the extremely high dispersion among the individual price targets. Research has shown that the consensus price target is a meaningful predictor only when the spread in individual price targets is quite low. In fact, a consensus price target that implies a high return is actually a bearish indicator when the spread in the individual price targets is high. The valuation, then as now, was a concern and required incredible growth rates to be justified. I also noted that rising interest rates put downward pressure on the shares. I also looked at the market-implied outlook, a probabilistic price forecast that represents the consensus view from the options market. The market-implied outlook to mid-January of 2023 was substantially bearish. In the 5 ½ months since this post, TSLA has returned -13.3% vs. -4.26% for the S&amp;P 500 (not including dividends).</p><p><img src=\"https://static.tigerbbs.com/1c08822d1f3055ab12bf6e9e8a7ea386\" tg-width=\"1280\" tg-height=\"186\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>Previous analysis of TSLA and subsequent performance vs. the S&amp;P 500 above.</p><p>For readers who are unfamiliar with the market-implied outlook, a brief explanation is needed. The price of an option on a stock is largely determined by the market’s consensus estimate of the probability that the stock price will rise above (call option) or fall below (put option) a specific level (the option strike price) between now and when the option expires. By analyzing the prices of call and put options at a range of strike prices, all with the same expiration date, it is possible to calculate a probabilistic price forecast that reconciles the options prices. This is the market-implied outlook. For a deeper explanation and background, I recommend this monograph published by the CFA Institute.</p><p>With TSLA trading at 12-month lows, I have calculated updated market-implied outlooks and I have compared these with the Wall Street consensus outlook in revisiting my rating.</p><p><b>Wall Street Consensus Outlook for TSLA</b></p><p>ETrade calculates the Wall Street consensus outlook for TSLA using price targets and ratings from 29 ranked analysts who have published their views over the past 3 months. The consensus rating is a buy and the consensus 12-month price targets is 57.7% above the current share price. As in my post from May, there is an enormous spread among the individual price targets. As a rule of thumb, I discount the consensus price target when the ratio of the highest to lowest price target is greater than 2. In this case, the ratio is 10.4 ($760 / $73).</p><p><img src=\"https://static.tigerbbs.com/615c8d0e04e8918e25b7385e2bad7c26\" tg-width=\"1280\" tg-height=\"855\" referrerpolicy=\"no-referrer\"/></p><p>ETrade</p><p>Wall Street analyst consensus rating and 12-month price target for TSLA above.</p><p>Seeking Alpha’s version of the Wall Street consensus outlook is calculated using the views of 35 analysts who have published ratings and price targets within the last 90 days. The consensus rating is a buy and the consensus 12-month price target is 47.2% above the current share price. I don’t put much weight on this number, however, because of the very large spread among the individual price targets.</p><p><img src=\"https://static.tigerbbs.com/797d6141699490e50d24fb2784e632e1\" tg-width=\"1280\" tg-height=\"882\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>Wall Street analyst consensus rating and 12-month price target for TSLA above.</p><p>In the current results, as in my previous posts on TSLA in May of 2022 and in April of 2021, the spread among the individual analyst price targets is extremely high. This, in turn, suggests that the consensus outlook is unlikely to have predictive value. The consensus price target that is about 50% above the current share price, along with the large spread in individual price targets, may actually be a bearish indicator.</p><p><b>Market-Implied Outlook for TSLA</b></p><p>I have calculated the market-implied outlook for TSLA for the 2.4-month period from now until January 20, 2023 and for the 7.2-month period from now until June 16, 2023, using the prices of call and put options that expire on these dates. I selected these two expiration dates to provide a view through the end of 2022 and to the middle of 2023. In addition, options with expiration dates in January and June tend to be highly traded, increasing the confidence in the representativeness of the market-implied outlook.</p><p>The standard presentation of the market-implied outlook is a probability distribution of price return, with probability on the vertical axis and return on the horizontal.</p><p><img src=\"https://static.tigerbbs.com/44f689bc8494e22307e8401f8fcc1ac2\" tg-width=\"966\" tg-height=\"557\" referrerpolicy=\"no-referrer\"/></p><p>Geoff Considine</p><p>Market-implied price return probabilities for TSLA for the 2.4-month period from now until January 20, 2023, above.</p><p>The market-implied outlook to mid-January of 2023 is very symmetric, with probabilities of positive returns that are very close to those for negative returns of the same magnitude. The expected volatility calculated from this outlook is 62% (annualized). For comparison, ETrade calculates a 59% implied volatility for the January options.</p><p>To make it easier to compare the relative probabilities of positive and negative returns, I rotate the negative return side of the distribution about the vertical axis (see chart below).</p><p><img src=\"https://static.tigerbbs.com/67eb2da8e00a45afb6a60092265c1c8c\" tg-width=\"897\" tg-height=\"557\" referrerpolicy=\"no-referrer\"/></p><p>Geoff Considine</p><p>Market-implied price return probabilities for TSLA for the 2.4-month period from now until January 20, 2023. The negative return side of the distribution has been rotated about the vertical axis above.</p><p>This view shows just how closely the probabilities of positive and negative returns match up, across the entire range of possible outcomes (the solid blue line and the dashed red line are basically on top of one another). These results indicate a neutral outlook for the next 2.4 months.</p><p>Theory indicates that the market-implied outlook is expected to have a negative bias because investors, in aggregate, are risk averse and thus tend to pay more than fair value for downside protection. There is no way to measure the magnitude of this bias, or whether it is even present, however. The expectation of a negative bias shifts what would otherwise look like a neutral outlook to a slightly bullish view.</p><p>The market-implied outlook for the 7.2-month period from now until June 16, 2023 has probabilities of negative returns that are consistently higher than those for positive returns, across a wide range of possible outcomes (the dashed red line is consistently above the solid blue line over the left ⅔ of the chart below). The maximum probability corresponds to a price return of -21%. Even with consideration of a potential negative bias, I interpret this outlook as bearish. The expected volatility calculated from this distribution is 63% (annualized).</p><p><img src=\"https://static.tigerbbs.com/6f17528781a49f411c10295d132d77cf\" tg-width=\"897\" tg-height=\"557\" referrerpolicy=\"no-referrer\"/></p><p>Geoff Considine</p><p>Market-implied price return probabilities for TSLA for the 7.2-month period from now until June 16, 2023. The negative return side of the distribution has been rotated about the vertical axis above.</p><p>The market-implied outlook for TSLA is very slightly bullish to mid-January of 2023, but bearish from now until mid-June of 2023. This suggests that TSLA may have gotten a bit oversold in the current sell-off, so a bounce in the next couple of months would not be a surprise. Over the longer-term, however, the outlook is somewhat bearish. In my analysis in late May, the 7.9-month outlook to January 20, 2023 was much more bearish than the current 7.2-month outlook to June of 2023. The expected volatility calculated in late May, 74%, was notably higher than the current estimation for expected volatility. The current outlook to the middle of 2023 is bearish, with high volatility, but the probability of large declines in the share price is lower than it was in late May.</p><p><b>Summary</b></p><p>Tesla has generated exceptional revenue growth in recent years, justifying a substantial premium on the share price as compared to other auto manufacturers and many successful tech companies, as well. That said, the value of a share of TSLA should be quite sensitive to prevailing interest rates as well as any shortfalls in the growth trajectory. With substantial gains in interest rates in 2022, along with concerns about slowing sales growth in China and Q3’s revenue miss, how does one evaluate TSLA? The Wall Street consensus outlook is of limited value because there is such a high level of disagreement between the analysts who follow the company. The consensus rating is a buy and the consensus 12-month price target implies a gain of around 50% from current levels, but I have little confidence in the usefulness of these metrics. If anything, the high consensus price target with high dispersion in the individual price targets is a somewhat bearish indicator. The market-implied outlook for TSLA is slightly bullish to mid-January of 2023 but moderately bearish to the middle of 2023. I am maintaining my sell rating on TSLA, although there is decent potential for some price recovery through the end of this year.</p></body></html>","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>Even At The 12-Month Low, Tesla Is Not A Compelling Buy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEven At The 12-Month Low, Tesla Is Not A Compelling Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-09 23:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4555040-tesla-stock-not-compelling-buy-even-at-12-month-low><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTSLA is trading at 12-month lows.Rising interest rates, Q3's revenue miss, and slowing sales in China are immediate concerns.The Wall Street consensus rating is a buy, with a consensus 12-month...</p>\n\n<a href=\"https://seekingalpha.com/article/4555040-tesla-stock-not-compelling-buy-even-at-12-month-low\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4555040-tesla-stock-not-compelling-buy-even-at-12-month-low","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157692624","content_text":"SummaryTSLA is trading at 12-month lows.Rising interest rates, Q3's revenue miss, and slowing sales in China are immediate concerns.The Wall Street consensus rating is a buy, with a consensus 12-month price target that is about 50% above the current share price.The very high dispersion in the individual analyst price targets reduces confidence in the meaningfulness of the consensus.The market-implied outlook (calculated from options prices) is slightly bullish through the end of 2022, but bearish to mid-2023.Shares of Tesla (NASDAQ: TSLA) have fallen by 15% from the closing price on October 31st and are down 51.6% from the 12-month high closing price of $399.93 on January 3rd. The shares are currently trading at 12-month lows. The drop in the share price since the end of October is largely attributable to declining vehicle sales in China for October, with the company cutting the prices of the Model 3 and Model Y by 9% to maintain demand. The market response to the China news was probably exacerbated by growing concerns after TSLA’s revenue miss for Q3(reported on October 19th).Seeking Alpha12-Month price history and basic statistics for TSLA above.Tesla’s valuation depends on continued rapid growth in revenues and earnings. This fact makes the share value quite sensitive to changes in interest rates. The theoretical value of a stock is the net present value of future earnings. The further into the future that these earnings are expected, the larger the compounded impact of increasing the discount rate, which depends on current interest rates. Rising interest rates are one of the factors driving TSLA down.The prevailing view among Wall Street analysts is that TSLA can maintain recent years’ incredibly rapid growth rates. The consensus for the rate of EPS growth over the next 3 to 5 years is 31.6% per year. If the company fails to deliver earnings in line with this outlook, the share valuation is likely to decline.ETradeTrailing (3 years) and estimated future quarterly EPS for TSLA. Green (red) values are amounts by which EPS beat (missed) the consensus expected EPS above.Tesla has generated growth rates that amply demonstrate the company’s exceptionalism. TSLA’s YoY revenue growth rate is59.8%, as compared to 4.5% for Toyota (TM), 6.6% for Mercedes-Benz Group (OTCPK: MBGAF), 12.4% for General Motors (GM), and 12.7% for Ford (F). TSLA also has gross profit margins that are higher than those of these competing firms. Given the massive difference in scale of production, TSLA’s higher profit margins are impressive. The question for investors is whether the current share valuation makes sense, given that this valuation is sensitive to interest rates and depends on maintaining heroic growth rates.I last wrote about TSLA on May 25, 2022, about 5 ½ months ago, and I maintained a sell rating on the shares. At that time, the Wall Street consensus rating on TSLA was a buy and the consensus 12-month price target was almost 50% above the share price. One red flag from the analyst outlooks was the extremely high dispersion among the individual price targets. Research has shown that the consensus price target is a meaningful predictor only when the spread in individual price targets is quite low. In fact, a consensus price target that implies a high return is actually a bearish indicator when the spread in the individual price targets is high. The valuation, then as now, was a concern and required incredible growth rates to be justified. I also noted that rising interest rates put downward pressure on the shares. I also looked at the market-implied outlook, a probabilistic price forecast that represents the consensus view from the options market. The market-implied outlook to mid-January of 2023 was substantially bearish. In the 5 ½ months since this post, TSLA has returned -13.3% vs. -4.26% for the S&P 500 (not including dividends).Seeking AlphaPrevious analysis of TSLA and subsequent performance vs. the S&P 500 above.For readers who are unfamiliar with the market-implied outlook, a brief explanation is needed. The price of an option on a stock is largely determined by the market’s consensus estimate of the probability that the stock price will rise above (call option) or fall below (put option) a specific level (the option strike price) between now and when the option expires. By analyzing the prices of call and put options at a range of strike prices, all with the same expiration date, it is possible to calculate a probabilistic price forecast that reconciles the options prices. This is the market-implied outlook. For a deeper explanation and background, I recommend this monograph published by the CFA Institute.With TSLA trading at 12-month lows, I have calculated updated market-implied outlooks and I have compared these with the Wall Street consensus outlook in revisiting my rating.Wall Street Consensus Outlook for TSLAETrade calculates the Wall Street consensus outlook for TSLA using price targets and ratings from 29 ranked analysts who have published their views over the past 3 months. The consensus rating is a buy and the consensus 12-month price targets is 57.7% above the current share price. As in my post from May, there is an enormous spread among the individual price targets. As a rule of thumb, I discount the consensus price target when the ratio of the highest to lowest price target is greater than 2. In this case, the ratio is 10.4 ($760 / $73).ETradeWall Street analyst consensus rating and 12-month price target for TSLA above.Seeking Alpha’s version of the Wall Street consensus outlook is calculated using the views of 35 analysts who have published ratings and price targets within the last 90 days. The consensus rating is a buy and the consensus 12-month price target is 47.2% above the current share price. I don’t put much weight on this number, however, because of the very large spread among the individual price targets.Seeking AlphaWall Street analyst consensus rating and 12-month price target for TSLA above.In the current results, as in my previous posts on TSLA in May of 2022 and in April of 2021, the spread among the individual analyst price targets is extremely high. This, in turn, suggests that the consensus outlook is unlikely to have predictive value. The consensus price target that is about 50% above the current share price, along with the large spread in individual price targets, may actually be a bearish indicator.Market-Implied Outlook for TSLAI have calculated the market-implied outlook for TSLA for the 2.4-month period from now until January 20, 2023 and for the 7.2-month period from now until June 16, 2023, using the prices of call and put options that expire on these dates. I selected these two expiration dates to provide a view through the end of 2022 and to the middle of 2023. In addition, options with expiration dates in January and June tend to be highly traded, increasing the confidence in the representativeness of the market-implied outlook.The standard presentation of the market-implied outlook is a probability distribution of price return, with probability on the vertical axis and return on the horizontal.Geoff ConsidineMarket-implied price return probabilities for TSLA for the 2.4-month period from now until January 20, 2023, above.The market-implied outlook to mid-January of 2023 is very symmetric, with probabilities of positive returns that are very close to those for negative returns of the same magnitude. The expected volatility calculated from this outlook is 62% (annualized). For comparison, ETrade calculates a 59% implied volatility for the January options.To make it easier to compare the relative probabilities of positive and negative returns, I rotate the negative return side of the distribution about the vertical axis (see chart below).Geoff ConsidineMarket-implied price return probabilities for TSLA for the 2.4-month period from now until January 20, 2023. The negative return side of the distribution has been rotated about the vertical axis above.This view shows just how closely the probabilities of positive and negative returns match up, across the entire range of possible outcomes (the solid blue line and the dashed red line are basically on top of one another). These results indicate a neutral outlook for the next 2.4 months.Theory indicates that the market-implied outlook is expected to have a negative bias because investors, in aggregate, are risk averse and thus tend to pay more than fair value for downside protection. There is no way to measure the magnitude of this bias, or whether it is even present, however. The expectation of a negative bias shifts what would otherwise look like a neutral outlook to a slightly bullish view.The market-implied outlook for the 7.2-month period from now until June 16, 2023 has probabilities of negative returns that are consistently higher than those for positive returns, across a wide range of possible outcomes (the dashed red line is consistently above the solid blue line over the left ⅔ of the chart below). The maximum probability corresponds to a price return of -21%. Even with consideration of a potential negative bias, I interpret this outlook as bearish. The expected volatility calculated from this distribution is 63% (annualized).Geoff ConsidineMarket-implied price return probabilities for TSLA for the 7.2-month period from now until June 16, 2023. The negative return side of the distribution has been rotated about the vertical axis above.The market-implied outlook for TSLA is very slightly bullish to mid-January of 2023, but bearish from now until mid-June of 2023. This suggests that TSLA may have gotten a bit oversold in the current sell-off, so a bounce in the next couple of months would not be a surprise. Over the longer-term, however, the outlook is somewhat bearish. In my analysis in late May, the 7.9-month outlook to January 20, 2023 was much more bearish than the current 7.2-month outlook to June of 2023. The expected volatility calculated in late May, 74%, was notably higher than the current estimation for expected volatility. The current outlook to the middle of 2023 is bearish, with high volatility, but the probability of large declines in the share price is lower than it was in late May.SummaryTesla has generated exceptional revenue growth in recent years, justifying a substantial premium on the share price as compared to other auto manufacturers and many successful tech companies, as well. That said, the value of a share of TSLA should be quite sensitive to prevailing interest rates as well as any shortfalls in the growth trajectory. With substantial gains in interest rates in 2022, along with concerns about slowing sales growth in China and Q3’s revenue miss, how does one evaluate TSLA? The Wall Street consensus outlook is of limited value because there is such a high level of disagreement between the analysts who follow the company. The consensus rating is a buy and the consensus 12-month price target implies a gain of around 50% from current levels, but I have little confidence in the usefulness of these metrics. If anything, the high consensus price target with high dispersion in the individual price targets is a somewhat bearish indicator. The market-implied outlook for TSLA is slightly bullish to mid-January of 2023 but moderately bearish to the middle of 2023. I am maintaining my sell rating on TSLA, although there is decent potential for some price recovery through the end of this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984004684,"gmtCreate":1667482640949,"gmtModify":1676537925297,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9984004684","repostId":"1101915911","repostType":4,"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913026372,"gmtCreate":1663890560797,"gmtModify":1676537355982,"author":{"id":"3586683911578378","authorId":"3586683911578378","name":"HS94W","avatar":"https://community-static.tradeup.com/news/3f6369643a9a7a09f6173eae3ccc2354","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586683911578378","authorIdStr":"3586683911578378"},"themes":[],"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913026372","repostId":"2269140172","repostType":4,"repost":{"id":"2269140172","kind":"live","pubTimestamp":1663889947,"share":"https://ttm.financial/m/news/2269140172?lang=&edition=full_marsco","pubTime":"2022-09-23 07:39","market":"us","language":"en","title":"Coinbase Tested Group to Speculate on Crypto","url":"https://stock-news.laohu8.com/highlight/detail?id=2269140172","media":"The Wall Street Journal","summary":"The company completed a $100 million transaction before ending the effort. It says that it hasn’t en","content":"<html><head></head><body><p>The company completed a $100 million transaction before ending the effort. It says that it hasn’t engaged in proprietary trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/43b84e98590f9c27534c45ad3c6cf040\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"/><span>The biggest U.S. cryptocurrency exchange, Coinbase has entertained aggressive strategies as it tries to develop new businesses.</span></p><p>Coinbase Global Inc. has been searching for new ways to make money. One business it flirted with was controversial: using its own money to speculate on cryptocurrencies.</p><p>Last year, Coinbase—which operates a large cryptocurrency exchange that handles bitcoin and other digital coins—hired at least four senior Wall Street traders and launched a group to generate profit, in part, by using the company’s cash to trade and “stake,” or lock up, cryptocurrencies, according to people close to the matter. The activity was described as “proprietary” trading by the people at the company.</p><p>Earlier this year, the team completed a $100 million transaction that the group viewed as a test trade of the new effort, according to the people. The transaction came after Coinbase executives testified to members of Congress last year that the company didn’t buy and sell digital currencies for its own account.</p><p>The monthslong effort to launch the Coinbase Risk Solutions group underscores how Coinbase, which has seen its shares tumble about 70% over the past year, has entertained more aggressive strategies as it tries to develop new businesses.</p><p>Coinbase says some at the company examined pursuing proprietary trading but decided against it.</p><p>“Our statements to Congress accurately reflect our actual business activities,” a Coinbase spokeswoman said. “Coinbase does not, and has never, had a proprietary trading business. Any insinuation that we misled Congress is a willful misrepresentation of the facts.”</p><p>The Coinbase spokeswoman added that“Coinbase Risk Solutions was established to facilitate client-driven crypto transactions,” and “conflict of interest mitigation tools and policies” were in place in the group.</p><p>There are no regulations preventing firms like Coinbase from trading digital currencies alongside their clients.</p><p>In the past, investment banks operated proprietary trading groups that were active in stock and bond markets, while also doing “agency” trading, or trading solely on behalf of customers.</p><p>Rules on banks restricting speculative trading imposed in 2010 were eased somewhat a few years ago, and Coinbase was never subject to these restrictions. Still, regulators and politicians have long worried that speculative activity by firms like Coinbase in nascent crypto markets could harm clients. When a financial firm invests money for its clients at the same time it invests its own money in the market, it can lead to risks and potential conflicts of interest with clients. For example, a firm buying or selling the same investments could drive up or down the price of these investments, hurting the clients.</p><p>In July of last year, Coinbase established the Risk Solutions unit to trade crypto for clients. The group also made plans to begin making trades with Coinbase’s cash, among other strategies, according to the people close to the matter.</p><p>The team built sophisticated trading systems to enable this trading, according to the people.Coinbase Chief Financial Officer Alesia Haas was involved in creation of the unit, which was led by Brett Tejpaul, Coinbase’s head of institutional sales, trading, custody and prime services, the people said. Employees were discouraged from sharing information about the new trading business or discussing it in internal communications, the people said.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80cc9fa1eb9b070fb2549e293a76aff8\" tg-width=\"1050\" tg-height=\"699\" width=\"100%\" height=\"auto\"/><span>Coinbase Chief Financial Officer Alesia Haas, seen at a House committee hearing in December, helped create the Coinbase Risk Solutions unit.</span></p><p>Neither Ms. Haas nor Mr. Tejpaul responded to a request for comment.</p><p>In December, five months after the creation of the Coinbase Risk Solutions unit, Ms. Haas testified before Congress that “Coinbase is an agency-only platform. We do not engage in proprietary trading on our platform.”</p><p>When questioned by Rep. Alexandria Ocasio-Cortez (D, N.Y.), Ms. Haas reiterated that Coinbase doesn’t do proprietary trading.</p><p>Later, the company clarified its activities to Rep.Maxine Waters(D., Calif.) by saying that “Coinbase does, from time to time, purchase cryptocurrency as principal for specific purposes that we do not view as proprietary trading because its purpose is not for Coinbase to benefit from increases in value of the cryptocurrency being traded.”</p><p>Earlier this year, after the testimony before Congress, Coinbase’s Risk Solutions group completed its first, sizable transaction. It raised money for the transaction by guaranteeing a $100 million “structured note” that was sold to firm Invesco Ltd. at a fixed-rate of 4.01%, according to people close to the matter. Coinbase used the $100 million to profit in cryptocurrency markets, according to the people.</p><p>An Invesco spokeswoman confirmed the transaction and said the investment firm had “no direct exposure to cryptocurrency” as part of the debt deal, adding that “this is no longer an active position for us.”</p><p>The deal was profitable for Coinbase, the people said, and Mr. Tejpaul praised the executives who worked on the transaction in internal communications and expressed eagerness to make additional such transactions, the people said.</p><p>The trade occurred after the crypto market started to fall from its all-time high, eating into Coinbase’s business.</p><p>Coinbase subsequently soured on the idea of doing proprietary trading. In recent months, a number of senior traders who had been hired to help run the business have left the company, the people said.</p><p>Analysts say Coinbase executives are trying to balance a need to maintain the company’s reputation for safety while diversifying its existing business and finding new areas of growth. Coinbase derives nearly all its revenue from trading by individual investors—and lost $1.1 billion in the second quarter on the back of the crypto market crash.</p><p>“They don’t want the public to perceive them as taking unnecessary risk…retail investors are concerned about the stability of a trading platform,” saysMark Palmer, an analyst at BTIG. “But it’s crucially important that the company diversify because they remain overly dependent on transactions from retail customers.”</p><p>The company is expanding its business in other ways. Earlier this month, BlackRock, the world’s largest money manager, announced a partnership with Coinbase. BlackRock’s institutional clients who also own digital assets on Coinbase will now be able to use Aladdin, the asset manager’s suite of software tools, to manage their portfolios and conduct risk analysis on investment decisions.</p></body></html>","source":"wsj_highlight","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>Coinbase Tested Group to Speculate on Crypto</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Tested Group to Speculate on Crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-23 07:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/coinbase-tested-group-to-speculate-on-crypto-11663806157?mod=lead_feature_below_a_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company completed a $100 million transaction before ending the effort. It says that it hasn’t engaged in proprietary trading.The biggest U.S. cryptocurrency exchange, Coinbase has entertained ...</p>\n\n<a href=\"https://www.wsj.com/articles/coinbase-tested-group-to-speculate-on-crypto-11663806157?mod=lead_feature_below_a_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.wsj.com/articles/coinbase-tested-group-to-speculate-on-crypto-11663806157?mod=lead_feature_below_a_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2269140172","content_text":"The company completed a $100 million transaction before ending the effort. It says that it hasn’t engaged in proprietary trading.The biggest U.S. cryptocurrency exchange, Coinbase has entertained aggressive strategies as it tries to develop new businesses.Coinbase Global Inc. has been searching for new ways to make money. One business it flirted with was controversial: using its own money to speculate on cryptocurrencies.Last year, Coinbase—which operates a large cryptocurrency exchange that handles bitcoin and other digital coins—hired at least four senior Wall Street traders and launched a group to generate profit, in part, by using the company’s cash to trade and “stake,” or lock up, cryptocurrencies, according to people close to the matter. The activity was described as “proprietary” trading by the people at the company.Earlier this year, the team completed a $100 million transaction that the group viewed as a test trade of the new effort, according to the people. The transaction came after Coinbase executives testified to members of Congress last year that the company didn’t buy and sell digital currencies for its own account.The monthslong effort to launch the Coinbase Risk Solutions group underscores how Coinbase, which has seen its shares tumble about 70% over the past year, has entertained more aggressive strategies as it tries to develop new businesses.Coinbase says some at the company examined pursuing proprietary trading but decided against it.“Our statements to Congress accurately reflect our actual business activities,” a Coinbase spokeswoman said. “Coinbase does not, and has never, had a proprietary trading business. Any insinuation that we misled Congress is a willful misrepresentation of the facts.”The Coinbase spokeswoman added that“Coinbase Risk Solutions was established to facilitate client-driven crypto transactions,” and “conflict of interest mitigation tools and policies” were in place in the group.There are no regulations preventing firms like Coinbase from trading digital currencies alongside their clients.In the past, investment banks operated proprietary trading groups that were active in stock and bond markets, while also doing “agency” trading, or trading solely on behalf of customers.Rules on banks restricting speculative trading imposed in 2010 were eased somewhat a few years ago, and Coinbase was never subject to these restrictions. Still, regulators and politicians have long worried that speculative activity by firms like Coinbase in nascent crypto markets could harm clients. When a financial firm invests money for its clients at the same time it invests its own money in the market, it can lead to risks and potential conflicts of interest with clients. For example, a firm buying or selling the same investments could drive up or down the price of these investments, hurting the clients.In July of last year, Coinbase established the Risk Solutions unit to trade crypto for clients. The group also made plans to begin making trades with Coinbase’s cash, among other strategies, according to the people close to the matter.The team built sophisticated trading systems to enable this trading, according to the people.Coinbase Chief Financial Officer Alesia Haas was involved in creation of the unit, which was led by Brett Tejpaul, Coinbase’s head of institutional sales, trading, custody and prime services, the people said. Employees were discouraged from sharing information about the new trading business or discussing it in internal communications, the people said.Coinbase Chief Financial Officer Alesia Haas, seen at a House committee hearing in December, helped create the Coinbase Risk Solutions unit.Neither Ms. Haas nor Mr. Tejpaul responded to a request for comment.In December, five months after the creation of the Coinbase Risk Solutions unit, Ms. Haas testified before Congress that “Coinbase is an agency-only platform. We do not engage in proprietary trading on our platform.”When questioned by Rep. Alexandria Ocasio-Cortez (D, N.Y.), Ms. Haas reiterated that Coinbase doesn’t do proprietary trading.Later, the company clarified its activities to Rep.Maxine Waters(D., Calif.) by saying that “Coinbase does, from time to time, purchase cryptocurrency as principal for specific purposes that we do not view as proprietary trading because its purpose is not for Coinbase to benefit from increases in value of the cryptocurrency being traded.”Earlier this year, after the testimony before Congress, Coinbase’s Risk Solutions group completed its first, sizable transaction. It raised money for the transaction by guaranteeing a $100 million “structured note” that was sold to firm Invesco Ltd. at a fixed-rate of 4.01%, according to people close to the matter. Coinbase used the $100 million to profit in cryptocurrency markets, according to the people.An Invesco spokeswoman confirmed the transaction and said the investment firm had “no direct exposure to cryptocurrency” as part of the debt deal, adding that “this is no longer an active position for us.”The deal was profitable for Coinbase, the people said, and Mr. Tejpaul praised the executives who worked on the transaction in internal communications and expressed eagerness to make additional such transactions, the people said.The trade occurred after the crypto market started to fall from its all-time high, eating into Coinbase’s business.Coinbase subsequently soured on the idea of doing proprietary trading. In recent months, a number of senior traders who had been hired to help run the business have left the company, the people said.Analysts say Coinbase executives are trying to balance a need to maintain the company’s reputation for safety while diversifying its existing business and finding new areas of growth. Coinbase derives nearly all its revenue from trading by individual investors—and lost $1.1 billion in the second quarter on the back of the crypto market crash.“They don’t want the public to perceive them as taking unnecessary risk…retail investors are concerned about the stability of a trading platform,” saysMark Palmer, an analyst at BTIG. “But it’s crucially important that the company diversify because they remain overly dependent on transactions from retail customers.”The company is expanding its business in other ways. Earlier this month, BlackRock, the world’s largest money manager, announced a partnership with Coinbase. BlackRock’s institutional clients who also own digital assets on Coinbase will now be able to use Aladdin, the asset manager’s suite of software tools, to manage their portfolios and conduct risk analysis on investment decisions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":73,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}