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puah
puah
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2021-08-24
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puah
puah
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2021-08-09
Hi
Social security, QFII and insurance funds are exposed in the second quarter! Newcomer bull stocks jumped 228%
截至8月6日晚,已有287家A股公司披露半年报,社保基金、QFII、保险公司等机构的持股情况逐渐浮出水面。百亚股份、锦浪科技、新亚强、诺德股份、永兴材料、艾德生物、信维通信等多家公司被两家机构联合增持
Social security, QFII and insurance funds are exposed in the second quarter! Newcomer bull stocks jumped 228%
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puah
puah
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2021-08-02
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Opening: U.S. stocks open higher, Tesla rises more than 2% back to $700
8月2日(周一),道琼斯指数开盘上涨105.41点,涨幅0.30%,报35040.88点;标普500指数开盘上涨19.64点,涨幅0.45%,报4414.90点;纳斯达克综合指数开盘上涨79.6点,涨
Opening: U.S. stocks open higher, Tesla rises more than 2% back to $700
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puah
puah
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2021-08-01
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China Evergrande: Sell 11% equity of Hengteng Network for HK$3.25 billion
8月1日,恒腾网络在港交所公告称,中国恒大出售恒腾网络合计11%股权,总代价为32.5亿港元,每股3.20港元。其中,买方一为腾讯控股全资持有的附属公司,其收购恒腾网络7%股份。截至公告日期,买方一持
China Evergrande: Sell 11% equity of Hengteng Network for HK$3.25 billion
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puah
puah
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2021-07-30
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Sorry, this post has been deleted
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puah
puah
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2021-07-25
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Sorry, this post has been deleted
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puah
puah
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2021-07-24
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The "secret" of ten times the base, how can Christians really make money?
挖掘出十倍的投资标的,无疑是所有投资者的梦想。正所谓难以实现才叫梦想,但是我们发现身边依旧有着这样一些“梦想实现者”。他们是如何做到的呢? 为什么是十倍? “十倍”(Tenbagger)是美国投资大师
The "secret" of ten times the base, how can Christians really make money?
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puah
puah
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2021-07-22
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Opening: Faraday Future rises more than 22% on first day, Didi falls more than 7%
7月22日,美股三大指数基本平开,道指跌0.05%,标普500指数涨0.07%,纳指涨0.17%。 法拉第未来(FFIE)美股上市首日涨超22%,总市值达54亿美元。贾跃亭现身上市敲钟现场。 滴滴美股
Opening: Faraday Future rises more than 22% on first day, Didi falls more than 7%
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puah
puah
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2021-07-19
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What is the "new information" in Powell's testimony?
一、主题评论:鲍威尔证词里的“新信息” 7月14日,美联储公布了主席鲍威尔将于7月15日向美国参议院银行、住房和城市事务委员会提交的证词,以及美联储半年度货币政策报告。 整体而言,鲍威尔的讲话维持鸽派
What is the "new information" in Powell's testimony?
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puah
puah
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2021-07-19
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The pre-order of FF91 production version is open, and Jia Yueting's "dream of building a car" is realized?
这一次,你准备好为梦想而窒息了吗? 近日,根据法拉第未来官网显示,其首款量产车型FF91已开启预订,用户支付5万元的预订金即可优先预订未来主义者版(量产版)FF 91,并参加“未来主义者体验官”活动
The pre-order of FF91 production version is open, and Jia Yueting's "dream of building a car" is realized?
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Newcomer bull stocks jumped 228%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSocial security, QFII and insurance funds are exposed in the second quarter! Newcomer bull stocks jumped 228%\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">中国证券报</strong><span class=\"h-time small\">2021-08-08 07:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>As of the evening of August 6th, 287 A-share companies have disclosed their semi-annual reports, and the shareholding of social security funds, QFII, insurance companies and other institutions has gradually surfaced. Baiya, Jinlang Technology, Xinyaqiang, Nord, Yongxing Materials, Aide Bio, Xinwei Communication and other companies were jointly increased by the two institutions. The target valued by the institution has outstanding money-making effect! Among them, as of August 7th, Jinlang Technology has risen by 227.59% since the second quarter, Nord shares have risen by 156.46% in the same period, and Yongxing Materials has risen by 100.76%. Social Security Fund Prefers Technology Wind Information Data...</p><p><a href=\"https://mp.weixin.qq.com/s/JD-ud-T3Qw8JTjdHXYoDyw\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://mp.weixin.qq.com/s/JD-ud-T3Qw8JTjdHXYoDyw\">中国证券报</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebb146d9df27844cb787ad545c50986d","relate_stocks":{"000001.SH":"上证指数"},"source_url":"https://mp.weixin.qq.com/s/JD-ud-T3Qw8JTjdHXYoDyw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140398755","content_text":"截至8月6日晚,已有287家A股公司披露半年报,社保基金、QFII、保险公司等机构的持股情况逐渐浮出水面。百亚股份、锦浪科技、新亚强、诺德股份、永兴材料、艾德生物、信维通信等多家公司被两家机构联合增持。\n机构看重的标的,赚钱效应突出!其中,截至8月7日,锦浪科技二季度以来累计上涨227.59%%,诺德股份的同期涨幅为156.46%,永兴材料上涨100.76%。\n社保基金偏爱科技\nWind资讯数据显示,截至8月6日,社保基金成为46家上市公司的前十大流通股东。其中,厦门象屿、科尔化学、万华化学和中科创达分别被3只社保基金持有,奥特维、艾华集团、华工科技和锦浪科技分别被2只社保基金持有。社保基金持有市值最多的同样是万华化学和中科创达,分别为45.89亿元和28.81亿元。\n部分社保基金持股市值较高的个股\n\n来源:Wind\n部分社保基金持股数量较多的个股\n\n来源:Wind\n社保基金持股变动方面,二季度社保基金增持最多的公司是厦门象屿和华工科技,增持数量都超过1000万股,分别达到1724.04万股和1532.48万股。另外,锦浪科技、东方财富、鲁西化工、中科创达等9家公司在二季度被社保基金增持超过100万股。\n三安光电、福田汽车、诺德股份、中环股份、兴发集团等15家公司成为二季度社保基金新进持有的公司。\n赤峰黄金、欧普康视、万华化学等6家公司则在二季度被社保基金减持。\n社保基金新进持股情况\n\n来源:Wind\n从行业来看,社保基金在二季度增持的公司集中在电子、计算机、互联网、医药等行业,减持较多的行业为有色等。对于化工行业,社保基金出现一定的分歧,鲁西化工、利尔化学得到社保基金的增持,而万华化学则被社保基金减持,即便是对于万华化学,社保基金也持不同态度,全国社保基金103组合增持109.01万股,全国社保基金111组合增持62.68万股,而全国社保基金108组合却减持了420.38万股。\n这些被社保基金看中的个股表现如何?Wind资讯显示,二季度厦门象屿获得2.08%的涨幅,截至8月7日,7月以来厦门象屿的涨幅高达27.20%;同样,华工科技在二季度获得13.48%的涨幅,7月以来的涨幅则高达24.45%。\nQFII新进19股\nWind数据显示,截至8月7日披露的信息,共有52家上市公司二季度末前十大流通股东名单中出现了QFII机构。\n按照持股数量来看,卫星石化、东方财富、华帝股份、海大集团、拓邦股份等个股被QFII机构持股的数量较多;\n从持有市值来看,海大集团、卫星石化、迈为股份、东方财富、三棵树等个股被QFII重仓持股;\n从占流通股的比例来看,QFII机构在百亚股份、迈为股份、华帝股份、奕瑞科技、卫星石化等个股中的持有比例较高。\nQFII机构持股数量较多的个股\n\n来源:Wind\nQFII机构持股市值较高的个股\n\n来源:Wind\nQFII机构持股占流通股比例较高的个股\n\n来源:Wind\n从增减持方向来看,东方财富、信维通信、海大集团、汤臣倍健、山东海化等个股在二季度被QFII机构增持,其中在中环股份、百隆东方、金晶科技、三鑫医疗、光力科技等19只个股的流通股东名单中,有QFII机构新进。\nQFII机构新进持股情况\n\n来源:Wind\n上述新进的个股中,中环股份二季度的涨幅为36.37%,7月以来的涨幅则为27.46%;百隆东方在二季度录得24.45%的涨幅,7月以来则走势偏弱,期间上涨8.53%。\n险资进入37家公司前十大流通股名单\nWind数据显示,截至8月6日晚间,保险公司成为37家上市公司的前十大流通股东名单。其中,海晨股份被3家保险公司持有,上海钢联、图南股份等8家公司分别被2家保险公司持有。保险公司持有数量最多的是精达股份,持股1.95亿股,持有市值最多的是贵州茅台,达87.92亿元。\n保险公司持股市值较高的个股\n\n来源:Wind\n保险公司持股数量较多的个股\n\n来源:Wind\n保险公司持股变动方面,二季度保险公司增持多家公司股份,增持最多的公司是新亚强,增持180.07万股。\n诺德股份、山西焦煤等12家公司成为二季度保险公司新进持有的公司。\n保险公司新进持股情况\n\n来源:Wind\n险资的选股能力也十分突出。例如新亚强二季度涨幅高达32.21%,7月以来上涨7.85%。险资和社保基金携手新进的诺德股份,在二季度的涨幅已经高达65.71%,而二季度以来截至8月7日,更是累计上涨156.46%;永兴材料二季度以来的涨幅为100.76%。\n而同样被两家联手新进的锦浪科技在二季度上涨103.05%,二季度以来的累计涨幅已经高达227.59%,其走势可谓“旱地拔葱”。\n锦浪科技近期走势\n\n来源:Wind","news_type":1,"symbols_score_info":{"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":2566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804032750,"gmtCreate":1627911631370,"gmtModify":1703497714174,"author":{"id":"3571305293972802","authorId":"3571305293972802","name":"puah","avatar":"https://static.tigerbbs.com/28e10f2ac6e631dd9d794c3a57c13f69","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571305293972802","idStr":"3571305293972802"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/804032750","repostId":"1139994539","repostType":4,"repost":{"id":"1139994539","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627910923,"share":"https://ttm.financial/m/news/1139994539?lang=en_US&edition=fundamental","pubTime":"2021-08-02 21:28","market":"us","language":"zh","title":"Opening: U.S. stocks open higher, Tesla rises more than 2% back to $700","url":"https://stock-news.laohu8.com/highlight/detail?id=1139994539","media":"老虎资讯综合","summary":"8月2日(周一),道琼斯指数开盘上涨105.41点,涨幅0.30%,报35040.88点;标普500指数开盘上涨19.64点,涨幅0.45%,报4414.90点;纳斯达克综合指数开盘上涨79.6点,涨","content":"<p>On Monday, August 2nd, the Dow Jones index opened up 105.41 points, or 0.30%, at 35,040.88 points; The S&P 500 opened up 19.64 points, or 0.45%, at 4,414.90; The Nasdaq Composite opened up 79.6 points, or 0.54%, at 14,752.3.</p><p><img src=\"https://static.tigerbbs.com/c5c06ce68297a2bd9f1b9f46916cdb0d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>The concept of anti-epidemic and the shipping sector rose at the beginning of the session.</p><p>The new car-making forces in China collectively announced the delivery volume in July, and they opened higher at the beginning of the session.<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose by more than 3% at the beginning of the session,<a href=\"https://laohu8.com/S/NIO\">Nio</a>up 0.56%.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It opened more than 2% higher and is now trading at $703. The stock price has returned to the $700 mark, and the market value is nearly $700 billion.,</p><p><img src=\"https://static.tigerbbs.com/7218f14f735e84877a1776c58d752643\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/BEST\">BEST GROUP</a>It rose 3% at the beginning of the session, and today announced that it will cooperate with Rookie to launch cross-border logistics services for Southeast Asia.</p><p><a href=\"https://laohu8.com/S/KC\">Kingsoft Cloud</a>Higher at the beginning of the session, now up 4.5%, the company today announced the acquisition of Camelot, a British enterprise management platform, as part of its business transformation.</p><p><a href=\"https://laohu8.com/S/MOMO\">Momo</a>It rose by more than 1%. Today, the company officially changed its name to \"Hello Group\".</p><p><a href=\"https://laohu8.com/S/VXRT\">Vaxart</a>It rose by more than 15%, and its oral COVID-19 vaccine human trial was approved by the FDA.</p><p><a href=\"https://laohu8.com/S/ONNN\">ON Semiconductor</a>Semiconductor (ON.O) rose more than 11%, exceeded expectations in all indicators of its second-quarter earnings report and turned a profit.</p><p>The U.S. cruise sector rose at the beginning of the session, with Carnival Cruises rising by 4%, Norwegian Cruises rising by 3.4% and Royal Caribbean Cruises rising by 3%. Cruise lines resumed their route operations last week.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: U.S. stocks open higher, Tesla rises more than 2% back to $700</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: U.S. stocks open higher, Tesla rises more than 2% back to $700\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-02 21:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Monday, August 2nd, the Dow Jones index opened up 105.41 points, or 0.30%, at 35,040.88 points; The S&P 500 opened up 19.64 points, or 0.45%, at 4,414.90; The Nasdaq Composite opened up 79.6 points, or 0.54%, at 14,752.3.</p><p><img src=\"https://static.tigerbbs.com/c5c06ce68297a2bd9f1b9f46916cdb0d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>The concept of anti-epidemic and the shipping sector rose at the beginning of the session.</p><p>The new car-making forces in China collectively announced the delivery volume in July, and they opened higher at the beginning of the session.<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose by more than 3% at the beginning of the session,<a href=\"https://laohu8.com/S/NIO\">Nio</a>up 0.56%.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It opened more than 2% higher and is now trading at $703. The stock price has returned to the $700 mark, and the market value is nearly $700 billion.,</p><p><img src=\"https://static.tigerbbs.com/7218f14f735e84877a1776c58d752643\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/BEST\">BEST GROUP</a>It rose 3% at the beginning of the session, and today announced that it will cooperate with Rookie to launch cross-border logistics services for Southeast Asia.</p><p><a href=\"https://laohu8.com/S/KC\">Kingsoft Cloud</a>Higher at the beginning of the session, now up 4.5%, the company today announced the acquisition of Camelot, a British enterprise management platform, as part of its business transformation.</p><p><a href=\"https://laohu8.com/S/MOMO\">Momo</a>It rose by more than 1%. Today, the company officially changed its name to \"Hello Group\".</p><p><a href=\"https://laohu8.com/S/VXRT\">Vaxart</a>It rose by more than 15%, and its oral COVID-19 vaccine human trial was approved by the FDA.</p><p><a href=\"https://laohu8.com/S/ONNN\">ON Semiconductor</a>Semiconductor (ON.O) rose more than 11%, exceeded expectations in all indicators of its second-quarter earnings report and turned a profit.</p><p>The U.S. cruise sector rose at the beginning of the session, with Carnival Cruises rising by 4%, Norwegian Cruises rising by 3.4% and Royal Caribbean Cruises rising by 3%. Cruise lines resumed their route operations last week.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139994539","content_text":"8月2日(周一),道琼斯指数开盘上涨105.41点,涨幅0.30%,报35040.88点;标普500指数开盘上涨19.64点,涨幅0.45%,报4414.90点;纳斯达克综合指数开盘上涨79.6点,涨幅0.54%,报14752.3点。\n\n抗疫概念、海运板块盘初走高。\n中概造车新势力集体公布7月交付量,盘初齐齐高开。小鹏汽车、理想汽车盘初涨超3%,蔚来涨0.56%。\n特斯拉高开超2%,现报703美元,股价重回700美元关口,市值接近7000亿美元。、\n\n百世集团盘初涨3%,今日宣布将与菜鸟合作推出面向东南亚的跨境物流服务。\n金山云盘初走高,现涨4.5%,公司今日宣布收购英国企业管理平台Camelot,作为业务转型的一部分。\n陌陌涨超1%,今日公司正式更名为“Hello集团”。\nVaxart涨超15%,其口服式新冠疫苗人体试验获FDA批准进行。\n安森美半导体(ON.O)涨超11%,第二季度财报各项指标均超出预期,并实现扭亏为盈。\n美股邮轮板块盘初异动拉升,嘉年华邮轮涨4%,挪威邮轮涨3.4%,皇家加勒比邮轮涨3%。各邮轮公司于上周陆续恢复航线运行。","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3707,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805993153,"gmtCreate":1627831705372,"gmtModify":1703496386944,"author":{"id":"3571305293972802","authorId":"3571305293972802","name":"puah","avatar":"https://static.tigerbbs.com/28e10f2ac6e631dd9d794c3a57c13f69","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571305293972802","idStr":"3571305293972802"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805993153","repostId":"1170169817","repostType":4,"repost":{"id":"1170169817","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627819590,"share":"https://ttm.financial/m/news/1170169817?lang=en_US&edition=fundamental","pubTime":"2021-08-01 20:06","market":"other","language":"zh","title":"China Evergrande: Sell 11% equity of Hengteng Network for HK$3.25 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170169817","media":"老虎资讯综合","summary":"8月1日,恒腾网络在港交所公告称,中国恒大出售恒腾网络合计11%股权,总代价为32.5亿港元,每股3.20港元。其中,买方一为腾讯控股全资持有的附属公司,其收购恒腾网络7%股份。截至公告日期,买方一持","content":"<p>On August 1st, Hengteng Network announced on the Hong Kong Stock Exchange that China Evergrande sold a total of 11% equity of Hengteng Network for a total consideration of HK$3.25 billion or HK$3.20 per share. Among them, Purchaser 1 is a wholly-owned subsidiary of Tencent Holdings, which acquired 7% shares of Hengteng Network. As of the date of announcement, Purchaser I held approximately 16.90% of the issued share capital of Hengteng Network; China Evergrande holds approximately 37.55% of the issued share capital of Hengteng Network.</p><p><img src=\"https://static.tigerbbs.com/4e91ded77d46b3fdfb7cd8634a833e8e\" tg-width=\"1135\" tg-height=\"768\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Evergrande: Sell 11% equity of Hengteng Network for HK$3.25 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Evergrande: Sell 11% equity of Hengteng Network for HK$3.25 billion\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-01 20:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 1st, Hengteng Network announced on the Hong Kong Stock Exchange that China Evergrande sold a total of 11% equity of Hengteng Network for a total consideration of HK$3.25 billion or HK$3.20 per share. Among them, Purchaser 1 is a wholly-owned subsidiary of Tencent Holdings, which acquired 7% shares of Hengteng Network. As of the date of announcement, Purchaser I held approximately 16.90% of the issued share capital of Hengteng Network; China Evergrande holds approximately 37.55% of the issued share capital of Hengteng Network.</p><p><img src=\"https://static.tigerbbs.com/4e91ded77d46b3fdfb7cd8634a833e8e\" tg-width=\"1135\" tg-height=\"768\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c6fcdaee085f89a043698b2126b966fe","relate_stocks":{"03333":"中国恒大","00136":"中国儒意"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170169817","content_text":"8月1日,恒腾网络在港交所公告称,中国恒大出售恒腾网络合计11%股权,总代价为32.5亿港元,每股3.20港元。其中,买方一为腾讯控股全资持有的附属公司,其收购恒腾网络7%股份。截至公告日期,买方一持有恒腾网络已发行股本之约16.90%;而中国恒大持有恒腾网络已发行股本之约37.55%。","news_type":1,"symbols_score_info":{"00136":0.9,"03333":0.9}},"isVote":1,"tweetType":1,"viewCount":4887,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806224386,"gmtCreate":1627659405845,"gmtModify":1703494371306,"author":{"id":"3571305293972802","authorId":"3571305293972802","name":"puah","avatar":"https://static.tigerbbs.com/28e10f2ac6e631dd9d794c3a57c13f69","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571305293972802","idStr":"3571305293972802"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/806224386","repostId":"1198370900","repostType":4,"isVote":1,"tweetType":1,"viewCount":5004,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177980261,"gmtCreate":1627175634753,"gmtModify":1703485011521,"author":{"id":"3571305293972802","authorId":"3571305293972802","name":"puah","avatar":"https://static.tigerbbs.com/28e10f2ac6e631dd9d794c3a57c13f69","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571305293972802","idStr":"3571305293972802"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/177980261","repostId":"2154558939","repostType":4,"isVote":1,"tweetType":1,"viewCount":3506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174714159,"gmtCreate":1627138973271,"gmtModify":1703484725822,"author":{"id":"3571305293972802","authorId":"3571305293972802","name":"puah","avatar":"https://static.tigerbbs.com/28e10f2ac6e631dd9d794c3a57c13f69","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571305293972802","idStr":"3571305293972802"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174714159","repostId":"1194494092","repostType":4,"repost":{"id":"1194494092","kind":"news","pubTimestamp":1627109486,"share":"https://ttm.financial/m/news/1194494092?lang=en_US&edition=fundamental","pubTime":"2021-07-24 14:51","market":"sh","language":"zh","title":"The \"secret\" of ten times the base, how can Christians really make money?","url":"https://stock-news.laohu8.com/highlight/detail?id=1194494092","media":" 兴证全球基金","summary":"挖掘出十倍的投资标的,无疑是所有投资者的梦想。正所谓难以实现才叫梦想,但是我们发现身边依旧有着这样一些“梦想实现者”。他们是如何做到的呢?\n为什么是十倍?\n“十倍”(Tenbagger)是美国投资大师","content":"<p>It is undoubtedly the dream of all investors to dig up ten times the investment target. As the saying goes, it is difficult to realize dreams, but we find that there are still some \"dream realizers\" around us. How did they do it?</p><p><b>Why tenfold?</b></p><p>\"Tenbagger\" is the word mentioned by American investment guru Peter Lynch in his autobiography \"One Up On Wall Street\".</p><p>It probably means that after a long-term development, the stock price of an enterprise can rise 10 times with the support of revenue and profit growth.</p><p>Peter Lynch wrote in his autobiography:<b>The best way to find ten-fold stocks is to find them from the side. If you can't find them there, you will go to the shopping center to find them. It was from the \"side\" that he became associated with ten-fold stocks in his early days.</b></p><p>Peter Lynch once discovered that all three of his daughters were using cosmetics from a company called The body Shop. Although The body Shop is a beauty brand, most of its chain stores in Europe and America are opened in more conspicuous places such as street corners, not just in shopping malls.</p><p>Peter Lynch's research found that the company's products were relatively standardized, affordable and covered a wide range of age groups. Expansion by adding franchise chains, and multinational operations from the beginning, market expansion ability is strong.</p><p>Peter Lynch jumped at The opportunity and The body Shop climbed steadily after its UK listing, eventually becoming a veritable Tenbagger (tenfold stock).</p><p><b>Tenbagger in the Public Fund Market</b></p><p>Tenbagger was later extended to the fund circle, which means funds whose net value has increased ten times or more compared with that at the time of issuance. As of June 25, 2021, there were 56 ten times funds in domestic public offering of funds. (Source: Galaxy Securities, as of 2021/6/25)</p><p>What kind of markets have these funds experienced, and what are their common characteristics?</p><p><b>Births – mostly born in 2006 and before</b></p><p>Among the 56 funds, except 2 funds, the remaining 54 funds were established in 2006 and before, and experienced the big bull market from 2006 to 2007, and also experienced the market decline in 2008. After several bull-bear transitions, as of June 25, 2021, the average establishment time was 16.6 years. (Source: Galaxy Securities, as of 2021/6/25)</p><p><b>It can be seen that good investment does need time to witness.</b></p><p>Ten-fold basis establishment time and corresponding index points</p><p><img src=\"https://static.tigerbbs.com/2287c6895d9a9cc1d15c36637e290d10\" tg-width=\"1000\" tg-height=\"407\" referrerpolicy=\"no-referrer\"></p><p>Data source: Galaxy Securities, as of 2021/6/25, the histogram represents the number of ten times the base established in that year, the line chart represents the Shanghai Composite Index, the left axis is the corresponding index point, and the right side is the number of funds established. Historical performance does not represent the future, so fund investment needs to be cautious.</p><p><b>Growth – not always the top of the \"class\"</b></p><p>During the growth of ten-fold funds, we found that they rarely rank in the top few of their kind in a single year in a row. One of the important reasons is that these funds rarely pursue short-term hot spots and abandon long-term investment strategies and styles.</p><p>Among the 56 ten-fold funds, only 7 funds have won the same category championship (2007-2020), 13 funds have not entered the top 10 of the same category in a single year, and few funds have been ranked in the top 10 of the same category for two consecutive years. (Source: Galaxy Securities, as of 2021/6/25)</p><p>We have listed the annual \"report cards\" of the top ten-fold funds. These funds can't always be in the top quarter in the short term, but their value is highlighted under the influence of time.</p><p>Part of ten times the base \"report card\"</p><p><img src=\"https://static.tigerbbs.com/971280df3e4665bafe1a50e179559917\" tg-width=\"1000\" tg-height=\"506\" referrerpolicy=\"no-referrer\"></p><p>Data source: Galaxy Securities, as of 2021/6/25. Historical performance does not represent the future, so fund investment needs to be cautious.</p><p><b>Adults-Solving \"difficult problems\" is a mandatory course</b></p><p>The A-share market is short and long. Ten times the base has often experienced several bear markets, and difficult problems are also their compulsory courses.</p><p>We have selected several typical unilateral downward markets in the A-share market, and the average decline of ten times base in these markets is lower than that of Shanghai Composite Index and partial stock fund index.</p><p>Ten times base unilateral downside market performance</p><p><img src=\"https://static.tigerbbs.com/7eb0ab7b7db6441e489079d3818e347c\" tg-width=\"1000\" tg-height=\"453\" referrerpolicy=\"no-referrer\"></p><p>Source: wind, Galaxy Securities, as of 2021/6/25</p><p>Although this is a \"God's perspective\" way of inquiry, the performance of these funds in the unilateral downward market still gives us some inspiration.</p><p>One of the most important ones is,<b>\"Seek undefeated first, then win\", and sophisticated investors know that a 50% drop requires about 100% gain to return to square one</b>。</p><p>Not only that, in the regular reports of ten times base, we found that in the hot market period, most ten times funds have a certain defensive tendency towards the market. In the first quarterly report of 2007, the reports of many of the above funds mentioned \"improving the portfolio defensiveness\"; In 2015, some ten times fund reports mentioned \"reducing the concentration of shareholding\" and so on.</p><p><b>Therefore, ten times base not only relies on the rise in the \"easy\" market, but also relies on the fact that it will not perform too poorly when faced with difficult \"test papers\".</b></p><p><b>Success-the bonus of \"family background\" and \"noble person\"</b></p><p>Fund companies and fund managers play an important role in exploring ten-fold bases.</p><p>Most of the ten-fold family backgrounds have solid investment and research strength, which is one of the foundations supporting the long-term excellent performance of the fund.</p><p><b>From the perspective of fund managers, a good fund manager can be described as a \"noble person\" with ten times the base.</b></p><p>Huabao Securities once produced a four-quadrant chart of fund managers, which depicts the industry allocation and investment philosophy of fund managers.</p><p>On the whole, there are more ten-fold fund managers in the left quadrant, that is, the industry is scattered or concentrated, and the industry is less switched. Equilibrium and dispersion of industries + less switching of industries can control the risk of the portfolio as much as possible; Fund managers with centralized industry allocation + less industry switching are usually more optimistic about a high-quality track and hold it for a long time.</p><p><img src=\"https://static.tigerbbs.com/b85062db9868a316890ff75fbab0ea3b\" tg-width=\"524\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p>Source: Warburg Securities</p><p>Of course, when choosing ten times the base, you should also pay attention to analyzing the time under management and related performance of the current fund manager, and choose products that are more in line with your risk-return preference.</p><p><b>Who is guarding the \"ten-fold base\"?</b></p><p><b>In fact, the growth, adulthood and \"difficult periods\" experienced by a fund will also be experienced by holders, and many can accompany the fund for one year, but few for ten years.</b></p><p><b>The idea of long-term investment is to be a friend of time. 'The most romantic thing I can think of is to grow old with you'.</b></p><p><b>— — Mr. Li held the fund for 17 years</b></p><p><b>The longest-term fund investment is more than 10 years, and it was originally bought with children's lucky money. I believe in the long-term power of investment and will always persist.</b></p><p><b>— — Ms. Han held the fund for 13 years</b></p><p><b>It is possible that I am the only one who has only bought and not sold since release.</b></p><p><b>— — Message for the \"Looking for Trend Million Holders\" campaign</b></p><p><b>Only through the accumulation of time and hard work can we gain the possibility of qualitative change, grow together and move forward together.</b></p><p><b>— — Discussion Forum Christians</b></p><p>Investors' notes have done relevant research, and found the holders of ten times base from the regular reports of the fund. Their characteristic is that they dare to buy when the market is panicking, and are more patient than most investors. Some people say that maybe he \"forgot\" his position, but this \"forgetting\" has also become the staunch guardian of ten times base from another aspect.</p><p><b>Finally, reasonable expectations are the prerequisite for investment and companionship. The road to investment requires competing for strength and endurance. If it is a high-quality fund, you might as well give it more time to let the value settle.</b></p>","source":"lsy1619314504794","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>The \"secret\" of ten times the base, how can Christians really make money?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe \"secret\" of ten times the base, how can Christians really make money?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\"> 兴证全球基金</strong><span class=\"h-time small\">2021-07-24 14:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It is undoubtedly the dream of all investors to dig up ten times the investment target. As the saying goes, it is difficult to realize dreams, but we find that there are still some \"dream realizers\" around us. How did they do it?</p><p><b>Why tenfold?</b></p><p>\"Tenbagger\" is the word mentioned by American investment guru Peter Lynch in his autobiography \"One Up On Wall Street\".</p><p>It probably means that after a long-term development, the stock price of an enterprise can rise 10 times with the support of revenue and profit growth.</p><p>Peter Lynch wrote in his autobiography:<b>The best way to find ten-fold stocks is to find them from the side. If you can't find them there, you will go to the shopping center to find them. It was from the \"side\" that he became associated with ten-fold stocks in his early days.</b></p><p>Peter Lynch once discovered that all three of his daughters were using cosmetics from a company called The body Shop. Although The body Shop is a beauty brand, most of its chain stores in Europe and America are opened in more conspicuous places such as street corners, not just in shopping malls.</p><p>Peter Lynch's research found that the company's products were relatively standardized, affordable and covered a wide range of age groups. Expansion by adding franchise chains, and multinational operations from the beginning, market expansion ability is strong.</p><p>Peter Lynch jumped at The opportunity and The body Shop climbed steadily after its UK listing, eventually becoming a veritable Tenbagger (tenfold stock).</p><p><b>Tenbagger in the Public Fund Market</b></p><p>Tenbagger was later extended to the fund circle, which means funds whose net value has increased ten times or more compared with that at the time of issuance. As of June 25, 2021, there were 56 ten times funds in domestic public offering of funds. (Source: Galaxy Securities, as of 2021/6/25)</p><p>What kind of markets have these funds experienced, and what are their common characteristics?</p><p><b>Births – mostly born in 2006 and before</b></p><p>Among the 56 funds, except 2 funds, the remaining 54 funds were established in 2006 and before, and experienced the big bull market from 2006 to 2007, and also experienced the market decline in 2008. After several bull-bear transitions, as of June 25, 2021, the average establishment time was 16.6 years. (Source: Galaxy Securities, as of 2021/6/25)</p><p><b>It can be seen that good investment does need time to witness.</b></p><p>Ten-fold basis establishment time and corresponding index points</p><p><img src=\"https://static.tigerbbs.com/2287c6895d9a9cc1d15c36637e290d10\" tg-width=\"1000\" tg-height=\"407\" referrerpolicy=\"no-referrer\"></p><p>Data source: Galaxy Securities, as of 2021/6/25, the histogram represents the number of ten times the base established in that year, the line chart represents the Shanghai Composite Index, the left axis is the corresponding index point, and the right side is the number of funds established. Historical performance does not represent the future, so fund investment needs to be cautious.</p><p><b>Growth – not always the top of the \"class\"</b></p><p>During the growth of ten-fold funds, we found that they rarely rank in the top few of their kind in a single year in a row. One of the important reasons is that these funds rarely pursue short-term hot spots and abandon long-term investment strategies and styles.</p><p>Among the 56 ten-fold funds, only 7 funds have won the same category championship (2007-2020), 13 funds have not entered the top 10 of the same category in a single year, and few funds have been ranked in the top 10 of the same category for two consecutive years. (Source: Galaxy Securities, as of 2021/6/25)</p><p>We have listed the annual \"report cards\" of the top ten-fold funds. These funds can't always be in the top quarter in the short term, but their value is highlighted under the influence of time.</p><p>Part of ten times the base \"report card\"</p><p><img src=\"https://static.tigerbbs.com/971280df3e4665bafe1a50e179559917\" tg-width=\"1000\" tg-height=\"506\" referrerpolicy=\"no-referrer\"></p><p>Data source: Galaxy Securities, as of 2021/6/25. Historical performance does not represent the future, so fund investment needs to be cautious.</p><p><b>Adults-Solving \"difficult problems\" is a mandatory course</b></p><p>The A-share market is short and long. Ten times the base has often experienced several bear markets, and difficult problems are also their compulsory courses.</p><p>We have selected several typical unilateral downward markets in the A-share market, and the average decline of ten times base in these markets is lower than that of Shanghai Composite Index and partial stock fund index.</p><p>Ten times base unilateral downside market performance</p><p><img src=\"https://static.tigerbbs.com/7eb0ab7b7db6441e489079d3818e347c\" tg-width=\"1000\" tg-height=\"453\" referrerpolicy=\"no-referrer\"></p><p>Source: wind, Galaxy Securities, as of 2021/6/25</p><p>Although this is a \"God's perspective\" way of inquiry, the performance of these funds in the unilateral downward market still gives us some inspiration.</p><p>One of the most important ones is,<b>\"Seek undefeated first, then win\", and sophisticated investors know that a 50% drop requires about 100% gain to return to square one</b>。</p><p>Not only that, in the regular reports of ten times base, we found that in the hot market period, most ten times funds have a certain defensive tendency towards the market. In the first quarterly report of 2007, the reports of many of the above funds mentioned \"improving the portfolio defensiveness\"; In 2015, some ten times fund reports mentioned \"reducing the concentration of shareholding\" and so on.</p><p><b>Therefore, ten times base not only relies on the rise in the \"easy\" market, but also relies on the fact that it will not perform too poorly when faced with difficult \"test papers\".</b></p><p><b>Success-the bonus of \"family background\" and \"noble person\"</b></p><p>Fund companies and fund managers play an important role in exploring ten-fold bases.</p><p>Most of the ten-fold family backgrounds have solid investment and research strength, which is one of the foundations supporting the long-term excellent performance of the fund.</p><p><b>From the perspective of fund managers, a good fund manager can be described as a \"noble person\" with ten times the base.</b></p><p>Huabao Securities once produced a four-quadrant chart of fund managers, which depicts the industry allocation and investment philosophy of fund managers.</p><p>On the whole, there are more ten-fold fund managers in the left quadrant, that is, the industry is scattered or concentrated, and the industry is less switched. Equilibrium and dispersion of industries + less switching of industries can control the risk of the portfolio as much as possible; Fund managers with centralized industry allocation + less industry switching are usually more optimistic about a high-quality track and hold it for a long time.</p><p><img src=\"https://static.tigerbbs.com/b85062db9868a316890ff75fbab0ea3b\" tg-width=\"524\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p>Source: Warburg Securities</p><p>Of course, when choosing ten times the base, you should also pay attention to analyzing the time under management and related performance of the current fund manager, and choose products that are more in line with your risk-return preference.</p><p><b>Who is guarding the \"ten-fold base\"?</b></p><p><b>In fact, the growth, adulthood and \"difficult periods\" experienced by a fund will also be experienced by holders, and many can accompany the fund for one year, but few for ten years.</b></p><p><b>The idea of long-term investment is to be a friend of time. 'The most romantic thing I can think of is to grow old with you'.</b></p><p><b>— — Mr. Li held the fund for 17 years</b></p><p><b>The longest-term fund investment is more than 10 years, and it was originally bought with children's lucky money. I believe in the long-term power of investment and will always persist.</b></p><p><b>— — Ms. Han held the fund for 13 years</b></p><p><b>It is possible that I am the only one who has only bought and not sold since release.</b></p><p><b>— — Message for the \"Looking for Trend Million Holders\" campaign</b></p><p><b>Only through the accumulation of time and hard work can we gain the possibility of qualitative change, grow together and move forward together.</b></p><p><b>— — Discussion Forum Christians</b></p><p>Investors' notes have done relevant research, and found the holders of ten times base from the regular reports of the fund. Their characteristic is that they dare to buy when the market is panicking, and are more patient than most investors. Some people say that maybe he \"forgot\" his position, but this \"forgetting\" has also become the staunch guardian of ten times base from another aspect.</p><p><b>Finally, reasonable expectations are the prerequisite for investment and companionship. The road to investment requires competing for strength and endurance. If it is a high-quality fund, you might as well give it more time to let the value settle.</b></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://mp.weixin.qq.com/s/yZkwS_Je07rH8a47gyUlEA\"> 兴证全球基金</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/753c9aba3202037bc97463c545d5d015","relate_stocks":{},"source_url":"https://mp.weixin.qq.com/s/yZkwS_Je07rH8a47gyUlEA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194494092","content_text":"挖掘出十倍的投资标的,无疑是所有投资者的梦想。正所谓难以实现才叫梦想,但是我们发现身边依旧有着这样一些“梦想实现者”。他们是如何做到的呢?\n为什么是十倍?\n“十倍”(Tenbagger)是美国投资大师彼得·林奇在其自传《One Up On Wall Street》中提及的词汇。\n大概意思是指企业经过长期发展,在营收与利润增长的支持下,股价能够上涨10倍的股票。\n彼得·林奇在自传中曾写道:寻找十倍股最佳的方式就是从身边找起,在那里找不到,就去购物中心里去找,而他早期与十倍股结缘,也正是从“身边”开始的。\n彼得·林奇有一次发现自己的三个女儿都在使用来自一家名叫美体小铺(The body Shop)公司的化妆品。The body Shop 虽然是一个美妆品牌,但它在欧美地区的大多数连锁店,都是开在街角等较为显眼的地方,而不仅仅是在商场里。\n彼得·林奇研究发现,这家公司的产品相对标准化,价格亲民,客户覆盖的年龄段相当宽泛。通过增加特许连锁店的方式进行扩张,而且一开始就进行跨国经营,市场扩张能力很强。\n彼得·林奇把握住了这一机会,The body Shop 在英国上市后,股价节节攀升,最终成为名副其实的Tenbagger(十倍股)。\n公募基金市场中的Tenbagger\nTenbagger后来也被延用到了基金圈,意指基金净值较发行时增长十倍及以上的基金,截至到2021年6月25日,国内公募基金共有56只十倍基。(数据来源:银河证券,截至2021/6/25)\n这些基金都经历过怎样的市场,又都有什么共同的特点呢?\n出生——大部分生于2006年及之前\n在56只基金中,除了2只基金,其余54只基金均成立于2006年及之前,经历过2006年-2007年的大牛市,也经历过2008年市场下跌,历经数度牛熊转换,截至2021年6月25日,平均成立时间16.6年。(数据来源:银河证券,截至2021/6/25)\n可见,好的投资,确实需要时间的见证。\n十倍基成立时间及对应指数点位\n\n数据来源:银河证券,截至2021/6/25,柱状图代表在当年成立的十倍基数量,折线图代表沪指,左侧轴为相对应指数点位,右侧为基金成立数量。历史业绩不代表未来,基金投资需谨慎。\n成长——不总是“班上”前几名\n在十倍基的成长过程中,我们发现,它们很少能连续在单一年度业绩排在同类前几名,其中重要的原因之一是,这些基金较少会追求短期热点而放弃长期坚持的投资策略和风格。\n在56只十倍基中,仅有7只基金曾获得过同类别冠军(2007年-2020年),有13只基金未进入过单一年度同类前10,鲜有基金能连续两年排进同类前10。(数据来源:银河证券,截至2021/6/25)\n我们罗列了排在前几位的十倍基每年的“成绩单”,这些基金在短期内无法总在前1/4,但在时间的作用下价值凸显。\n部分十倍基“成绩单”\n\n数据来源:银河证券,截至2021/6/25。历史业绩不代表未来,基金投资需谨慎。\n成人——解决“难题”是必修课\nA股市场牛短熊长,十倍基往往都经历过数个熊市,而难题也是它们的必修课。\n我们选取了A股市场中几个较为典型的单边下行市场,十倍基在这些市场中的平均跌幅均低于上证指数及偏股基金指数。\n十倍基单边下行市场表现情况\n\n数据来源:wind,银河证券,截至2021/6/25\n尽管这是一种“上帝视角”的探究方式,但这些基金在单边下行市场中的表现,还是给了我们一定的启发。\n其中很重要的一条是,“先求不败,再求胜”,而老练的投资者熟知,下跌50%,需要约100%的涨幅才能回到原点。\n不仅如此,在十倍基的定期报告中我们发现,在市场较热时期,大部分的十倍基金对市场都有一定的防守倾向,2007年一季报中,上述基金中多只基金的报告中提到“提高组合防御性”;2015年部分十倍基金报告中提及“降低持股集中度”等。\n所以,十倍基不仅仅是靠着“容易”市场中的上涨,还靠着在面对难“试卷”的时候,也不会表现得太差。\n成功 —— “家世”与“贵人”的加成\n探究十倍基,基金公司及基金经理扮演着重要的角色。\n十倍基的家世,多数都拥有扎实的投研实力,这是支撑基金长期业绩优异的基础之一。\n从基金经理来看,好的基金经理可谓是十倍基的“贵人”。\n华宝证券曾制作基金经理四象限图,刻画基金经理的行业配置及投资理念。\n整体来看,十倍基基金经理在左侧象限较多,即行业分散或集中、行业少切换。行业均衡分散+行业少切换可以尽可能控制组合的风险;行业集中配置+行业少切换的基金经理通常较为坚定看好某一优质赛道并长期持有。\n\n资料来源:华宝证券\n当然,在选择十倍基的时候,也要注意分析现任基金经理的在管时间和相关业绩表现,选择更符合自己风险收益偏好的产品。\n谁在守护“十倍基”?\n实际上,一只基金经历的成长、成人以及过程中的“困难时期”,持有人也一样会经历,而能陪伴基金一年者甚多,但十年者甚少。\n长期投资的理念是要做时间的朋友,‘我能想到最浪漫的事就是和你一起慢慢变老’。\n——李先生 持有基金17年\n最长期的基金投资不止10年,最开始是用小孩的压岁钱买的。相信投资的长期力量,会一直坚持。\n——韩女士 持有基金13年\n我有可能是唯一一个从发行到现在只买不卖的人。\n—— “寻找趋势百万持有人”活动留言\n只有经过时间的积累和努力才有收获质变的可能,一起成长,共同前行。\n—— 讨论区基民\n投资人记事曾做过相关研究,从基金定期报告中,找到十倍基的持有者,他们的特点是,敢于在市场恐慌的时候买入,并比多数投资者更有耐心,有人说,也许他“遗忘”了自己的持仓,但这种“遗忘”,也从另一个侧面成为了十倍基的坚定守护者。\n最后,合理的预期是投资和陪伴的前提。投资之路,既要比拼实力,也要比拼耐力,如果是一只优质的基金,不妨多给它一些时间,让价值沉淀。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172238652,"gmtCreate":1626961851376,"gmtModify":1703481445204,"author":{"id":"3571305293972802","authorId":"3571305293972802","name":"puah","avatar":"https://static.tigerbbs.com/28e10f2ac6e631dd9d794c3a57c13f69","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571305293972802","idStr":"3571305293972802"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/172238652","repostId":"1138338643","repostType":4,"repost":{"id":"1138338643","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626960724,"share":"https://ttm.financial/m/news/1138338643?lang=en_US&edition=fundamental","pubTime":"2021-07-22 21:32","market":"us","language":"zh","title":"Opening: Faraday Future rises more than 22% on first day, Didi falls more than 7%","url":"https://stock-news.laohu8.com/highlight/detail?id=1138338643","media":"老虎资讯综合","summary":"7月22日,美股三大指数基本平开,道指跌0.05%,标普500指数涨0.07%,纳指涨0.17%。\n法拉第未来(FFIE)美股上市首日涨超22%,总市值达54亿美元。贾跃亭现身上市敲钟现场。\n滴滴美股","content":"<p>On July 22nd, the three major U.S. stock indexes basically opened flat, with the Dow falling 0.05%, the S&P 500 rising 0.07% and the Nasdaq rising 0.17%.<img src=\"https://static.tigerbbs.com/2bb63859800e23852faa83b133a11fb9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Faraday Future (FFIE) U.S. stocks rose by more than 22% on the first day of listing, with a total market value of $5.4 billion. Jia Yueting appeared at the scene of ringing the bell.</p><p><a href=\"https://laohu8.com/S/DIDI\">Didi</a>U.S. stocks fell more than 7% at the open. The stock price reached a new record low, and the market value has evaporated by more than $15 billion since its listing.</p><p><a href=\"https://laohu8.com/S/KALU\">Caesars Aluminum</a>Down 4%, second-quarter adjusted earnings per share missed expectations.</p><p><a href=\"https://laohu8.com/S/CCC.U\">Churchill Capital</a>IV rose more than 3% as company shareholders will vote on the merger of electric vehicle company Lucid Motors.</p><p><a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>It fell 4.3%, and the midpoint of the third-quarter revenue guidance range was lower than analysts' expectations.</p><p>Medical Equipment Company<a href=\"https://laohu8.com/S/NURO\">NeuroMetrix</a>Up 82.11%, and the stock has risen by more than 300% in the previous two trading days.</p><p><a href=\"https://laohu8.com/S/DQ\">Daqo New Energy</a>up 13.38% to $90.00. Xinjiang Daqo Energy (688303.SH), a subsidiary of Daqo New Energy, was listed on the Science and Technology Innovation Board today, with a price per share of 21.49 yuan. On the first day of listing, it closed up 184.36% to 61.11 yuan, with a market value of 117.6 billion yuan. After listing, Daqo New Energy holds 79.57% of the shares of Xinjiang Daqo.</p><p>Blockchain concept stocks strengthened, with SOS up 14.29% and Bit Digital up 3.52%.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: Faraday Future rises more than 22% on first day, Didi falls more than 7%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: Faraday Future rises more than 22% on first day, Didi falls more than 7%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-22 21:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 22nd, the three major U.S. stock indexes basically opened flat, with the Dow falling 0.05%, the S&P 500 rising 0.07% and the Nasdaq rising 0.17%.<img src=\"https://static.tigerbbs.com/2bb63859800e23852faa83b133a11fb9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Faraday Future (FFIE) U.S. stocks rose by more than 22% on the first day of listing, with a total market value of $5.4 billion. Jia Yueting appeared at the scene of ringing the bell.</p><p><a href=\"https://laohu8.com/S/DIDI\">Didi</a>U.S. stocks fell more than 7% at the open. The stock price reached a new record low, and the market value has evaporated by more than $15 billion since its listing.</p><p><a href=\"https://laohu8.com/S/KALU\">Caesars Aluminum</a>Down 4%, second-quarter adjusted earnings per share missed expectations.</p><p><a href=\"https://laohu8.com/S/CCC.U\">Churchill Capital</a>IV rose more than 3% as company shareholders will vote on the merger of electric vehicle company Lucid Motors.</p><p><a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>It fell 4.3%, and the midpoint of the third-quarter revenue guidance range was lower than analysts' expectations.</p><p>Medical Equipment Company<a href=\"https://laohu8.com/S/NURO\">NeuroMetrix</a>Up 82.11%, and the stock has risen by more than 300% in the previous two trading days.</p><p><a href=\"https://laohu8.com/S/DQ\">Daqo New Energy</a>up 13.38% to $90.00. Xinjiang Daqo Energy (688303.SH), a subsidiary of Daqo New Energy, was listed on the Science and Technology Innovation Board today, with a price per share of 21.49 yuan. On the first day of listing, it closed up 184.36% to 61.11 yuan, with a market value of 117.6 billion yuan. After listing, Daqo New Energy holds 79.57% of the shares of Xinjiang Daqo.</p><p>Blockchain concept stocks strengthened, with SOS up 14.29% and Bit Digital up 3.52%.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{"DIDI":"滴滴(已退市)",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138338643","content_text":"7月22日,美股三大指数基本平开,道指跌0.05%,标普500指数涨0.07%,纳指涨0.17%。\n法拉第未来(FFIE)美股上市首日涨超22%,总市值达54亿美元。贾跃亭现身上市敲钟现场。\n滴滴美股开盘跌超7%。股价刷新历史新低,上市以来市值蒸发超150亿美元。\n凯撒铝业跌4%,第二季度调整每股收益不及预期。\nChurchill Capital IV涨超3%,公司股东将就电动汽车公司Lucid Motors的合并事项进行投票。\n德州仪器跌4.3%,第三季度营收指引区间中点低于分析师预期。\n医疗设备公司NeuroMetrix涨82.11%,该股此前2个交易日累计上涨超300%。\n大全新能源涨13.38%,报90.00美元。大全新能源运营子公司新疆大全能源(688303.SH)今日在科创板上市,每股定价为21.49元,上市首日收涨184.36%报61.11元,市值1176亿元。上市后,大全新能源持有新疆大全79.57%的股份。\n区块链概念股走强,SOS涨14.29%,Bit Digital涨3.52%。","news_type":1,"symbols_score_info":{"DIDI":0.9,"FFIE":0.9,".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2962,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171991508,"gmtCreate":1626701332904,"gmtModify":1703763586089,"author":{"id":"3571305293972802","authorId":"3571305293972802","name":"puah","avatar":"https://static.tigerbbs.com/28e10f2ac6e631dd9d794c3a57c13f69","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571305293972802","idStr":"3571305293972802"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171991508","repostId":"2152763544","repostType":4,"repost":{"id":"2152763544","kind":"highlight","pubTimestamp":1626676742,"share":"https://ttm.financial/m/news/2152763544?lang=en_US&edition=fundamental","pubTime":"2021-07-19 14:39","market":"us","language":"zh","title":"What is the \"new information\" in Powell's testimony?","url":"https://stock-news.laohu8.com/highlight/detail?id=2152763544","media":"格隆汇","summary":"一、主题评论:鲍威尔证词里的“新信息”\n7月14日,美联储公布了主席鲍威尔将于7月15日向美国参议院银行、住房和城市事务委员会提交的证词,以及美联储半年度货币政策报告。\n整体而言,鲍威尔的讲话维持鸽派","content":"<p><h3>I.<b>Subject Comment: \"New Information\" in Powell's Testimony</b></h3>On July 14, the Federal Reserve released Chairman Powell's testimony to be submitted to the U.S. Senate Banking, Housing and Urban Affairs Committee on July 15, as well as the Fed's semi-annual monetary policy report.</p><p><b>Overall, Powell's speech remained dovish. This is reflected in: \"advertising\" the positive impact of loose monetary policy on the US economy, believing that there is still a long way to go for the recovery of the labor market, emphasizing that the rising inflation rate is mainly caused by the base effect and supply chain bottleneck, not worrying about the fragility of the financial system, and emphasizing that the US economy has not yet made the \"substantial further progress\" needed to implement Taper, and that Taper will be \"notified in advance\".</b></p><p>After Powell's testimony was announced, the market also felt the familiar \"pigeon sound\", and the market panic caused by the soaring inflation indicator in the United States in June eased slightly. The S&P 500 index hit a record high in the intraday session, the yield of 10-year U.S. bonds fell by more than 5 basis points at the deepest, and the the US Dollar Index fell in the short term. It is worth noting that at present, the Bank of New Zealand has stopped Treasury Bond purchases, and the Bank of Canada has started to implement Taper.<b>We believe that the Fed is still trying to \"not make a sharp turn\", but in the future, if the U.S. job market recovers as scheduled, the inflation indicator remains high, and foreign central banks \"rush ahead\", then the Fed's \"excuse\" will be even more insufficient, and we still need to be alert to the risk that the Fed's policy shift will come \"earlier\" or \"greater\" than expected.</b></p><p>Specifically, the key messages in Powell's testimony include:</p><p><b>1) The US economy has recovered rapidly, but supply chain bottlenecks have affected some industries.</b>Powell believes that in the first half of 2021, the reopening and strong economic growth of the U.S. economy were helped by COVID-19 vaccination on the one hand, and supported by loose monetary and fiscal policies on the other hand. The most obvious of these is that household spending is growing at a particularly rapid rate, housing demand is very strong, and business investment is growing steadily. But at the same time, supply constraints have limited activity in some industries, most notably in the automotive sector. The global semiconductor shortage has slashed production in the automotive industry so far this year.</p><p><b>2) Labor market conditions continue to improve, but there is still a long way to go.</b>Powell believes that U.S. labor demand appears to be very strong, with job openings currently at record highs, strong hiring momentum and many people leaving in search of better jobs. U.S. employers added 1.7 million workers in April-June. However, the U.S. unemployment rate remained as high as 5.9% in June, and this figure also underestimates the lack of employment recovery, as labor participation rates remain sluggish. But U.S. job growth should be strong in the coming months as the pandemic improves and its impact on employment lessens. Additionally, he highlighted that employment for low-income groups and people of color is more affected and needs to be restored.</p><p><b>3) Inflation has risen significantly and may remain high in the next few months before easing.</b>According to Powell, the first is that the base effect has temporarily pushed up inflation, and the second is that supply bottlenecks have led to rapid price increases for certain goods and services against a backdrop of strong demand. However, similar situations should be reversed to some extent in the future as supply chain bottlenecks ease. Prices for services heavily affected by the pandemic have also risen sharply in recent months, as demand for services is rising sharply as the economy reopens. He emphasized that the Fed has adjusted its monetary policy framework to seek to stabilize long-term inflation expectations at 2%, while a measure of long-term inflation expectations has recovered from lows and is now in a range roughly consistent with the Fed's long-term inflation target.</p><p><b>4) The Fed is not worried about asset prices and the fragility of the financial system.</b>Powell said that sustainably maximizing employment and stabilising prices depends on a stable financial system, so the Fed will continue to monitor the fragility of the financial system. However, despite the general rise in asset valuations as fundamentals improve and investors' risk appetite strengthen, American household balance sheets are quite strong, corporate leverage levels have been declining from high levels, and institutions at the heart of the financial system remain resilient.</p><p><b>5) Powell still denies that the economy has made \"substantial further progress\" and maintains a pigeon tone.</b>Powell said the combination of \"zero interest rate\" + asset purchases, coupled with \"strong guidance\" on interest rates and balance sheets, will ensure that monetary policy continues to provide strong support for the U.S. economy until the recovery is complete. It reiterated the main points of the June FOMC meeting: for interest rate adjustment, it needs to wait until the economy really achieves its maximum employment and long-term inflation targets; For asset purchases, at least the current rate will be maintained until \"substantial further progress\" is made. Powell further revealed that at the June interest rate meeting, the committee discussed the progress made by the US economy since December last year, and although it is still a long way from meeting the standard of \"substantial further progress\", it is expected that the progress will continue. And the Fed will continue to discuss these issues in future meetings. The Fed will provide advance notice before announcing any changes to the asset purchase decision.</p><p><h3><b>II.</b><b>Overseas Economic Tracker</b></h3>1</p><p><b>U.S. economy: Inflation measures hit a new high in June, and consumption of non-durable goods and services gradually picked up momentum</b></p><p>In June, the CPI of the United States continued to hit a new high year-on-year, rising by 0.9% month-on-month, significantly higher than the average growth rate of the past five years (about 0.2%). In terms of items, most of them are accelerating from ring to ring,<b>The most \"exaggerated\" is the 3.6% month-on-month jump in transportation items (the previous value was 2.1%), which is still due to the rise in used car prices.</b>At present, it is difficult to judge the inflection point of the growth rate of used car prices, and it may still bring an unexpected pulling effect on the US CPI in the second half of the year.</p><p><img src=\"https://static.tigerbbs.com/18bc1d3f271ec0d93b01c0be754f4b07\" tg-width=\"1080\" tg-height=\"458\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>In June, the year-on-year and month-on-month growth rate of PPI in the United States also reached a record high, and all sub-items rose month-on-month, of which the \"trade\" sub-item rose by 2.1% month-on-month. For nearly a month,<b>Higher international oil prices not only directly increased the cost pressure of energy products, but also led to the increase of international freight rates and the price of imported goods from the United States.</b></p><p><img src=\"https://static.tigerbbs.com/788dd66c7ab2ea169c154ddbe5b870c8\" tg-width=\"1080\" tg-height=\"458\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>U.S. retail sales rose slightly by 0.55% month-over-month in June, better than expected and previous values.<b>The structural changes of retail sales deserve attention, \"small items\" sales are better than \"large items\",</b>Sales of department stores, clothing accessories, food and beverages, etc. continued to rise, while sales of automobiles, furniture and home improvement, building materials and materials continued to decline. We continue to emphasize that consumption power in the United States will shift from durable goods to non-durable goods and services in the second half of the year, and service consumption accounts for the majority of U.S. household consumption, so there is still ample room for consumption growth.</p><p><img src=\"https://static.tigerbbs.com/4f2db4d79190094ea518b852220b8f58\" tg-width=\"1080\" tg-height=\"461\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>The preliminary value of the University of Michigan's consumer confidence index slipped significantly in July.</b>The rapid rise in prices and expectations of a marginal slowdown in the US economy may have dampened consumer confidence to some extent. But,<b>Employment indicators still send optimistic signals,</b>As of the week ending July 3, the number of continuous jobless claims in the United States dropped significantly by 126,000 to 3.241 million, and the latest initial jobless claims also continued to decline. With the expiration of additional unemployment benefits in the United States, there is still hope for a rapid recovery of American employment.</p><p><img src=\"https://static.tigerbbs.com/912f8e51be197290db777f52cf9d37ec\" tg-width=\"1080\" tg-height=\"459\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>2</p><p><b>Overseas Epidemic and Vaccine Tracking: A New Wave of Global Epidemic Strikes</b></p><p><b>Since late June, especially July, the world may be at the starting point of a new wave of epidemic.</b>Previously, the pandemic in India has risen significantly and posed a certain threat to the global economy. However, at present, the epidemic situation in India has gradually eased, and the new wave of epidemic has affected a wider scope. At present, many areas are disturbed by Delta virus, and the number of newly confirmed cases has risen again. In Europe, the epidemic situation in the UK took the lead and began to approach the high point in January this year. However, the UK will be fully unlocked on July 19th (restrictions on wearing masks, 1-meter social distance, working from home and the density of people in public places will be lifted), which is a new trend of global epidemic prevention policy worthy of attention. In the past week, the number of new confirmed cases in France has also shown signs of rising, and the epidemic situation in other EU countries such as Germany and Italy is still stable. The epidemic situation in Japan has just eased, and it has risen significantly in the past week. The Olympic Games are about to be held, and the epidemic risk has attracted global attention. The epidemic situation in Southeast Asian countries is \"going down and down\". Recently, Vietnam, Thailand and other countries have deteriorated significantly, and related stock markets have also been significantly impacted. The Israeli epidemic has also unexpectedly counterattacked, and the effectiveness of vaccination for the new virus may be \"discounted\". However, looking further at the epidemic data in the UK, vaccination has greatly reduced the mortality rate. It is not impossible whether the COVID-19 epidemic will continue to survive like the \"flu\" in the future, but its impact will be controllable. But,<b>Concerns about the global epidemic are, to some extent, cooling the risk appetite of the recent capital market, and reinflation trading is questioned, which deserves continued attention.</b></p><p><img src=\"https://static.tigerbbs.com/0dbf848a54d0d9c8c1eccaec1359aa62\" tg-width=\"1080\" tg-height=\"461\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><img src=\"https://static.tigerbbs.com/6cd919d9bf8e9457c68df716ef4280cc\" tg-width=\"1080\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><img src=\"https://static.tigerbbs.com/cf9bae175032440d3c388e9ca605b33e\" tg-width=\"1080\" tg-height=\"459\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Global Asset Performance</p><p>1</p><p><b>Global stocks — emerging markets rebound, developed markets pull back</b></p><p>Emerging markets, especially Asian emerging market stocks, have been underperforming developed markets since late June due to the wariness of epidemic counterattack and \"austerity panic\". In the past week, it finally rebounded, and the stock indexes of major markets such as South Korea, India, Taiwan Province, Mexico, China (GEM and CSI 300), Indonesia and Brazil all rose. At the same time, most developed market stocks pulled back, but the U.S. Dow (-0.5%) fell less than the Nasdaq (-1.9%), and the cyclical sector of U.S. stocks showed stronger resilience.</p><p><b>Vietnam's stock market has been hit hard in the past two weeks,</b>On July 14, Vietnam's Ho Chi Minh Index fell nearly 10% from July 2. Since the beginning of this year, Vietnam's stock market has performed brightly, basically maintaining a unilateral upward trend before July. Vietnam's strong export performance is the cornerstone of market confidence. Vietnam's goods exports increased by 28.4% year-on-year in January-June this year, Vietnamplus reported. But be careful<b>Possible change in confidence in the Vietnamese market after marginal slowdown in external demand in the second half of the year.</b>On July 5th, 11th and 16th, the number of newly confirmed cases in Vietnam in a single day exceeded 1,000, 2,000 and 4,000 respectively, while the number did not exceed 100 before May this year. The sudden heating up of the epidemic should be the trigger for this stock market adjustment.</p><p><img src=\"https://static.tigerbbs.com/9691c486b0bd2aec0923cc0031fc6e38\" tg-width=\"1080\" tg-height=\"569\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/98124ab0b82d7230c0778dd983cb3221\" tg-width=\"1080\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">2</p><p><b>Global bond market-10-year US bond real interest rate falls below-1%</b></p><p>In the past week, the yield of long-term U.S. bonds continued to decline, and the yield of U.S. bonds with a maturity of 7 years and above fell by 4-6bp all week. The 10-year U.S. bond yield fell 6bp to 1.31% throughout the week, with the 10-year TIPS (real) interest rate falling 11bp to-1.02%, and the implied inflation expectation rising 5bp to 2.33%.<b>On July 15, the 10-year TIPS rate fell below-1%, a new low since February 12. In the past 10 years, the yield of U.S. bonds has dropped to an unimaginable low level before, mainly because the market lacks confidence in the U.S. economic prospects:</b>On the one hand, the scale of the US fiscal plan is discounted, which has lowered the market's medium-and long-term inflation expectations for the United States. And although the inflation indicator is still \"exploding\" in the short term, it is difficult for the market to continue to bet heavily because the inflation expectation is already at a historically high level. And factors such as the slowdown of vaccination and the disturbance of mutant viruses. It has intensified the market's worries about whether \"herd immunity\" can be realized in the second half of the year and whether economic activities can be restarted on time, resulting in a significant decline in the real interest rate of U.S. debt. In the early stage, the market has largely incorporated optimistic expectations into asset pricing, creating US stocks and US corporate bonds that keep hitting new highs. Recently, the market is undoubtedly experiencing tremendous changes in expectations. In the global bond market, the 10y Treasury Bond/Treasury bonds in most regions continued to follow the US bonds, but Thailand's, Malaysia's and other regions deteriorated sharply due to the epidemic, and the yield of Treasury Bond rose.</p><p><img src=\"https://static.tigerbbs.com/926368c7d4bdf8bf2910663929dca4d8\" tg-width=\"1080\" tg-height=\"459\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><img src=\"https://static.tigerbbs.com/dc40a8708bcb3030bf1e3a9a8e42a388\" tg-width=\"1080\" tg-height=\"453\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>3</p><p><b>Commodity market-oil prices fell, black series rose continuously,<a href=\"https://laohu8.com/S/000061\">Agricultural Products</a>rebound</b></p><p>In the past week, the international oil price has obviously corrected, with the futures prices of WTI crude oil and Brent crude oil falling by 3.7% and 2.6% respectively throughout the week, closing at $71.81 and $73.59/barrel respectively. However, EIA U.S. crude oil inventories continued to decline by 7.9 million barrels in the week ending July 9, and the rate of decline was roughly the same as the previous two weeks. The main reason for the fluctuation of oil prices in the past week is the expected changes in supply and demand: on the supply side, the resumption of negotiations between the UAE and OPEC means that the production increase plan is expected to proceed smoothly (Saudi Arabia agreed to raise the UAE's production reduction benchmark in exchange for the UAE's agreement to extend the overall production reduction agreement from April 2022 to the end of that year); On the demand side, the recent disturbance of the COVID-19 epidemic and the market's concern about the \"peaking\" of the US economy may make the market's judgment of crude oil demand more cautious to some extent.<b>In our report \"Will Oil Price Be the Next\" Grey Rhino \"?\", we pointed out that supply constraints are the key to the trend of oil prices in the second half of the year. At present, it is a high probability that the production increase of shale oil in the United States will be limited. In the future, we need to pay close attention to whether OPEC + can stick to the early commitment to increase production. If there is no substantial increase in production, the international oil price may fluctuate at a high level in the range of 70-80 USD/barrel in the second half of the year.</b></p><p>The prices of domestic black commodities (iron ore, rebar, thermal coal, etc.) have risen for 2-3 consecutive weeks. In March, we reported \"Is the\" Super Cycle \"of Commodities Coming?\", which suggested the risk of \"green bubble\", because behind the increase in copper price, besides the real contradiction between supply and demand, there is also speculation and boost from the capital market. After a significant correction since mid-June, LME copper price has remained in a narrow range of USD 9,100-9,500/ton recently. At present, LME copper inventory has risen to a high level in nearly a year, and the shrinkage of \"Biden infrastructure\" has also suppressed demand expectations, and the tight copper supply and demand situation has shown some signs of easing.<b>In the coming period, market inflation expectations and risk appetite may also fall at high levels, and it may be more difficult for copper price to rise and may experience more volatility.</b></p><p><img src=\"https://static.tigerbbs.com/55e6ad7c58aefe649d33c4ac2321641d\" tg-width=\"1080\" tg-height=\"474\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/880f378ea54447226750849c934fe3a0\" tg-width=\"1080\" tg-height=\"458\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">4</p><p><b>Foreign exchange market-the US Dollar Index hits a new high since the second quarter</b></p><p>The dollar index rose to 92.79 on July 13, surpassing the previous high of 92.72 on July 7 and setting a new high since April this year.<b>How to understand the relationship between the recent decline in U.S. bond yields and the appreciation of the U.S. dollar? We believe that we need to pay attention to the difference between vertical and horizontal comparisons of the U.S. economy.</b>Recently, the U.S. debt market is trading the \"peak\" of the U.S. economy, which is the main driving force for the obvious decline in US Treasury yields. However, with the recent counterattack of the epidemic in many places, including the UK, the economic prospects of non-American regions except the euro zone are still worrying. Therefore, the relative performance of the US economy this year is still \"outstanding\", and the market's expectation for the strength of the US dollar stage is also constantly strengthening. We continue to maintain the judgment that the US dollar is expected to strengthen in stages in the second half of the year (refer to our report \"Next Step for the US dollar\"). In addition, there are some new changes to support the strength of the US dollar recently: after the European Central Bank adjusts its monetary policy decision, the European Central Bank may further accelerate its expansion and delay Taper. The difference in monetary policy rhythm between the US and European central banks may further release the appreciation space of the US dollar against the euro. It is worth noting that since the outbreak of the COVID-19 epidemic, the US dollar has mainly depreciated against developed markets, while since the beginning of this year, its value to emerging markets has been basically the same as that in the second half of 2019, which may mean that the space for the depreciation of emerging market currencies is relatively limited. In the past week, the price in Bitcoin touched a new low since February this year.</p><p><img src=\"https://static.tigerbbs.com/09b6b3535060790986839dc811272b2a\" tg-width=\"1080\" tg-height=\"461\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><img src=\"https://static.tigerbbs.com/d0d2421b79d6ce17f8f080b339b33ea9\" tg-width=\"1080\" tg-height=\"458\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","source":"gelonghui_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>What is the \"new information\" in Powell's testimony?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat is the \"new information\" in Powell's testimony?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-07-19 14:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p><h3>I.<b>Subject Comment: \"New Information\" in Powell's Testimony</b></h3>On July 14, the Federal Reserve released Chairman Powell's testimony to be submitted to the U.S. Senate Banking, Housing and Urban Affairs Committee on July 15, as well as the Fed's semi-annual monetary policy report.</p><p><b>Overall, Powell's speech remained dovish. This is reflected in: \"advertising\" the positive impact of loose monetary policy on the US economy, believing that there is still a long way to go for the recovery of the labor market, emphasizing that the rising inflation rate is mainly caused by the base effect and supply chain bottleneck, not worrying about the fragility of the financial system, and emphasizing that the US economy has not yet made the \"substantial further progress\" needed to implement Taper, and that Taper will be \"notified in advance\".</b></p><p>After Powell's testimony was announced, the market also felt the familiar \"pigeon sound\", and the market panic caused by the soaring inflation indicator in the United States in June eased slightly. The S&P 500 index hit a record high in the intraday session, the yield of 10-year U.S. bonds fell by more than 5 basis points at the deepest, and the the US Dollar Index fell in the short term. It is worth noting that at present, the Bank of New Zealand has stopped Treasury Bond purchases, and the Bank of Canada has started to implement Taper.<b>We believe that the Fed is still trying to \"not make a sharp turn\", but in the future, if the U.S. job market recovers as scheduled, the inflation indicator remains high, and foreign central banks \"rush ahead\", then the Fed's \"excuse\" will be even more insufficient, and we still need to be alert to the risk that the Fed's policy shift will come \"earlier\" or \"greater\" than expected.</b></p><p>Specifically, the key messages in Powell's testimony include:</p><p><b>1) The US economy has recovered rapidly, but supply chain bottlenecks have affected some industries.</b>Powell believes that in the first half of 2021, the reopening and strong economic growth of the U.S. economy were helped by COVID-19 vaccination on the one hand, and supported by loose monetary and fiscal policies on the other hand. The most obvious of these is that household spending is growing at a particularly rapid rate, housing demand is very strong, and business investment is growing steadily. But at the same time, supply constraints have limited activity in some industries, most notably in the automotive sector. The global semiconductor shortage has slashed production in the automotive industry so far this year.</p><p><b>2) Labor market conditions continue to improve, but there is still a long way to go.</b>Powell believes that U.S. labor demand appears to be very strong, with job openings currently at record highs, strong hiring momentum and many people leaving in search of better jobs. U.S. employers added 1.7 million workers in April-June. However, the U.S. unemployment rate remained as high as 5.9% in June, and this figure also underestimates the lack of employment recovery, as labor participation rates remain sluggish. But U.S. job growth should be strong in the coming months as the pandemic improves and its impact on employment lessens. Additionally, he highlighted that employment for low-income groups and people of color is more affected and needs to be restored.</p><p><b>3) Inflation has risen significantly and may remain high in the next few months before easing.</b>According to Powell, the first is that the base effect has temporarily pushed up inflation, and the second is that supply bottlenecks have led to rapid price increases for certain goods and services against a backdrop of strong demand. However, similar situations should be reversed to some extent in the future as supply chain bottlenecks ease. Prices for services heavily affected by the pandemic have also risen sharply in recent months, as demand for services is rising sharply as the economy reopens. He emphasized that the Fed has adjusted its monetary policy framework to seek to stabilize long-term inflation expectations at 2%, while a measure of long-term inflation expectations has recovered from lows and is now in a range roughly consistent with the Fed's long-term inflation target.</p><p><b>4) The Fed is not worried about asset prices and the fragility of the financial system.</b>Powell said that sustainably maximizing employment and stabilising prices depends on a stable financial system, so the Fed will continue to monitor the fragility of the financial system. However, despite the general rise in asset valuations as fundamentals improve and investors' risk appetite strengthen, American household balance sheets are quite strong, corporate leverage levels have been declining from high levels, and institutions at the heart of the financial system remain resilient.</p><p><b>5) Powell still denies that the economy has made \"substantial further progress\" and maintains a pigeon tone.</b>Powell said the combination of \"zero interest rate\" + asset purchases, coupled with \"strong guidance\" on interest rates and balance sheets, will ensure that monetary policy continues to provide strong support for the U.S. economy until the recovery is complete. It reiterated the main points of the June FOMC meeting: for interest rate adjustment, it needs to wait until the economy really achieves its maximum employment and long-term inflation targets; For asset purchases, at least the current rate will be maintained until \"substantial further progress\" is made. Powell further revealed that at the June interest rate meeting, the committee discussed the progress made by the US economy since December last year, and although it is still a long way from meeting the standard of \"substantial further progress\", it is expected that the progress will continue. And the Fed will continue to discuss these issues in future meetings. The Fed will provide advance notice before announcing any changes to the asset purchase decision.</p><p><h3><b>II.</b><b>Overseas Economic Tracker</b></h3>1</p><p><b>U.S. economy: Inflation measures hit a new high in June, and consumption of non-durable goods and services gradually picked up momentum</b></p><p>In June, the CPI of the United States continued to hit a new high year-on-year, rising by 0.9% month-on-month, significantly higher than the average growth rate of the past five years (about 0.2%). In terms of items, most of them are accelerating from ring to ring,<b>The most \"exaggerated\" is the 3.6% month-on-month jump in transportation items (the previous value was 2.1%), which is still due to the rise in used car prices.</b>At present, it is difficult to judge the inflection point of the growth rate of used car prices, and it may still bring an unexpected pulling effect on the US CPI in the second half of the year.</p><p><img src=\"https://static.tigerbbs.com/18bc1d3f271ec0d93b01c0be754f4b07\" tg-width=\"1080\" tg-height=\"458\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>In June, the year-on-year and month-on-month growth rate of PPI in the United States also reached a record high, and all sub-items rose month-on-month, of which the \"trade\" sub-item rose by 2.1% month-on-month. For nearly a month,<b>Higher international oil prices not only directly increased the cost pressure of energy products, but also led to the increase of international freight rates and the price of imported goods from the United States.</b></p><p><img src=\"https://static.tigerbbs.com/788dd66c7ab2ea169c154ddbe5b870c8\" tg-width=\"1080\" tg-height=\"458\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>U.S. retail sales rose slightly by 0.55% month-over-month in June, better than expected and previous values.<b>The structural changes of retail sales deserve attention, \"small items\" sales are better than \"large items\",</b>Sales of department stores, clothing accessories, food and beverages, etc. continued to rise, while sales of automobiles, furniture and home improvement, building materials and materials continued to decline. We continue to emphasize that consumption power in the United States will shift from durable goods to non-durable goods and services in the second half of the year, and service consumption accounts for the majority of U.S. household consumption, so there is still ample room for consumption growth.</p><p><img src=\"https://static.tigerbbs.com/4f2db4d79190094ea518b852220b8f58\" tg-width=\"1080\" tg-height=\"461\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>The preliminary value of the University of Michigan's consumer confidence index slipped significantly in July.</b>The rapid rise in prices and expectations of a marginal slowdown in the US economy may have dampened consumer confidence to some extent. But,<b>Employment indicators still send optimistic signals,</b>As of the week ending July 3, the number of continuous jobless claims in the United States dropped significantly by 126,000 to 3.241 million, and the latest initial jobless claims also continued to decline. With the expiration of additional unemployment benefits in the United States, there is still hope for a rapid recovery of American employment.</p><p><img src=\"https://static.tigerbbs.com/912f8e51be197290db777f52cf9d37ec\" tg-width=\"1080\" tg-height=\"459\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>2</p><p><b>Overseas Epidemic and Vaccine Tracking: A New Wave of Global Epidemic Strikes</b></p><p><b>Since late June, especially July, the world may be at the starting point of a new wave of epidemic.</b>Previously, the pandemic in India has risen significantly and posed a certain threat to the global economy. However, at present, the epidemic situation in India has gradually eased, and the new wave of epidemic has affected a wider scope. At present, many areas are disturbed by Delta virus, and the number of newly confirmed cases has risen again. In Europe, the epidemic situation in the UK took the lead and began to approach the high point in January this year. However, the UK will be fully unlocked on July 19th (restrictions on wearing masks, 1-meter social distance, working from home and the density of people in public places will be lifted), which is a new trend of global epidemic prevention policy worthy of attention. In the past week, the number of new confirmed cases in France has also shown signs of rising, and the epidemic situation in other EU countries such as Germany and Italy is still stable. The epidemic situation in Japan has just eased, and it has risen significantly in the past week. The Olympic Games are about to be held, and the epidemic risk has attracted global attention. The epidemic situation in Southeast Asian countries is \"going down and down\". Recently, Vietnam, Thailand and other countries have deteriorated significantly, and related stock markets have also been significantly impacted. The Israeli epidemic has also unexpectedly counterattacked, and the effectiveness of vaccination for the new virus may be \"discounted\". However, looking further at the epidemic data in the UK, vaccination has greatly reduced the mortality rate. It is not impossible whether the COVID-19 epidemic will continue to survive like the \"flu\" in the future, but its impact will be controllable. But,<b>Concerns about the global epidemic are, to some extent, cooling the risk appetite of the recent capital market, and reinflation trading is questioned, which deserves continued attention.</b></p><p><img src=\"https://static.tigerbbs.com/0dbf848a54d0d9c8c1eccaec1359aa62\" tg-width=\"1080\" tg-height=\"461\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><img src=\"https://static.tigerbbs.com/6cd919d9bf8e9457c68df716ef4280cc\" tg-width=\"1080\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><img src=\"https://static.tigerbbs.com/cf9bae175032440d3c388e9ca605b33e\" tg-width=\"1080\" tg-height=\"459\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Global Asset Performance</p><p>1</p><p><b>Global stocks — emerging markets rebound, developed markets pull back</b></p><p>Emerging markets, especially Asian emerging market stocks, have been underperforming developed markets since late June due to the wariness of epidemic counterattack and \"austerity panic\". In the past week, it finally rebounded, and the stock indexes of major markets such as South Korea, India, Taiwan Province, Mexico, China (GEM and CSI 300), Indonesia and Brazil all rose. At the same time, most developed market stocks pulled back, but the U.S. Dow (-0.5%) fell less than the Nasdaq (-1.9%), and the cyclical sector of U.S. stocks showed stronger resilience.</p><p><b>Vietnam's stock market has been hit hard in the past two weeks,</b>On July 14, Vietnam's Ho Chi Minh Index fell nearly 10% from July 2. Since the beginning of this year, Vietnam's stock market has performed brightly, basically maintaining a unilateral upward trend before July. Vietnam's strong export performance is the cornerstone of market confidence. Vietnam's goods exports increased by 28.4% year-on-year in January-June this year, Vietnamplus reported. But be careful<b>Possible change in confidence in the Vietnamese market after marginal slowdown in external demand in the second half of the year.</b>On July 5th, 11th and 16th, the number of newly confirmed cases in Vietnam in a single day exceeded 1,000, 2,000 and 4,000 respectively, while the number did not exceed 100 before May this year. The sudden heating up of the epidemic should be the trigger for this stock market adjustment.</p><p><img src=\"https://static.tigerbbs.com/9691c486b0bd2aec0923cc0031fc6e38\" tg-width=\"1080\" tg-height=\"569\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/98124ab0b82d7230c0778dd983cb3221\" tg-width=\"1080\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">2</p><p><b>Global bond market-10-year US bond real interest rate falls below-1%</b></p><p>In the past week, the yield of long-term U.S. bonds continued to decline, and the yield of U.S. bonds with a maturity of 7 years and above fell by 4-6bp all week. The 10-year U.S. bond yield fell 6bp to 1.31% throughout the week, with the 10-year TIPS (real) interest rate falling 11bp to-1.02%, and the implied inflation expectation rising 5bp to 2.33%.<b>On July 15, the 10-year TIPS rate fell below-1%, a new low since February 12. In the past 10 years, the yield of U.S. bonds has dropped to an unimaginable low level before, mainly because the market lacks confidence in the U.S. economic prospects:</b>On the one hand, the scale of the US fiscal plan is discounted, which has lowered the market's medium-and long-term inflation expectations for the United States. And although the inflation indicator is still \"exploding\" in the short term, it is difficult for the market to continue to bet heavily because the inflation expectation is already at a historically high level. And factors such as the slowdown of vaccination and the disturbance of mutant viruses. It has intensified the market's worries about whether \"herd immunity\" can be realized in the second half of the year and whether economic activities can be restarted on time, resulting in a significant decline in the real interest rate of U.S. debt. In the early stage, the market has largely incorporated optimistic expectations into asset pricing, creating US stocks and US corporate bonds that keep hitting new highs. Recently, the market is undoubtedly experiencing tremendous changes in expectations. In the global bond market, the 10y Treasury Bond/Treasury bonds in most regions continued to follow the US bonds, but Thailand's, Malaysia's and other regions deteriorated sharply due to the epidemic, and the yield of Treasury Bond rose.</p><p><img src=\"https://static.tigerbbs.com/926368c7d4bdf8bf2910663929dca4d8\" tg-width=\"1080\" tg-height=\"459\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><img src=\"https://static.tigerbbs.com/dc40a8708bcb3030bf1e3a9a8e42a388\" tg-width=\"1080\" tg-height=\"453\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>3</p><p><b>Commodity market-oil prices fell, black series rose continuously,<a href=\"https://laohu8.com/S/000061\">Agricultural Products</a>rebound</b></p><p>In the past week, the international oil price has obviously corrected, with the futures prices of WTI crude oil and Brent crude oil falling by 3.7% and 2.6% respectively throughout the week, closing at $71.81 and $73.59/barrel respectively. However, EIA U.S. crude oil inventories continued to decline by 7.9 million barrels in the week ending July 9, and the rate of decline was roughly the same as the previous two weeks. The main reason for the fluctuation of oil prices in the past week is the expected changes in supply and demand: on the supply side, the resumption of negotiations between the UAE and OPEC means that the production increase plan is expected to proceed smoothly (Saudi Arabia agreed to raise the UAE's production reduction benchmark in exchange for the UAE's agreement to extend the overall production reduction agreement from April 2022 to the end of that year); On the demand side, the recent disturbance of the COVID-19 epidemic and the market's concern about the \"peaking\" of the US economy may make the market's judgment of crude oil demand more cautious to some extent.<b>In our report \"Will Oil Price Be the Next\" Grey Rhino \"?\", we pointed out that supply constraints are the key to the trend of oil prices in the second half of the year. At present, it is a high probability that the production increase of shale oil in the United States will be limited. In the future, we need to pay close attention to whether OPEC + can stick to the early commitment to increase production. If there is no substantial increase in production, the international oil price may fluctuate at a high level in the range of 70-80 USD/barrel in the second half of the year.</b></p><p>The prices of domestic black commodities (iron ore, rebar, thermal coal, etc.) have risen for 2-3 consecutive weeks. In March, we reported \"Is the\" Super Cycle \"of Commodities Coming?\", which suggested the risk of \"green bubble\", because behind the increase in copper price, besides the real contradiction between supply and demand, there is also speculation and boost from the capital market. After a significant correction since mid-June, LME copper price has remained in a narrow range of USD 9,100-9,500/ton recently. At present, LME copper inventory has risen to a high level in nearly a year, and the shrinkage of \"Biden infrastructure\" has also suppressed demand expectations, and the tight copper supply and demand situation has shown some signs of easing.<b>In the coming period, market inflation expectations and risk appetite may also fall at high levels, and it may be more difficult for copper price to rise and may experience more volatility.</b></p><p><img src=\"https://static.tigerbbs.com/55e6ad7c58aefe649d33c4ac2321641d\" tg-width=\"1080\" tg-height=\"474\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/880f378ea54447226750849c934fe3a0\" tg-width=\"1080\" tg-height=\"458\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">4</p><p><b>Foreign exchange market-the US Dollar Index hits a new high since the second quarter</b></p><p>The dollar index rose to 92.79 on July 13, surpassing the previous high of 92.72 on July 7 and setting a new high since April this year.<b>How to understand the relationship between the recent decline in U.S. bond yields and the appreciation of the U.S. dollar? We believe that we need to pay attention to the difference between vertical and horizontal comparisons of the U.S. economy.</b>Recently, the U.S. debt market is trading the \"peak\" of the U.S. economy, which is the main driving force for the obvious decline in US Treasury yields. However, with the recent counterattack of the epidemic in many places, including the UK, the economic prospects of non-American regions except the euro zone are still worrying. Therefore, the relative performance of the US economy this year is still \"outstanding\", and the market's expectation for the strength of the US dollar stage is also constantly strengthening. We continue to maintain the judgment that the US dollar is expected to strengthen in stages in the second half of the year (refer to our report \"Next Step for the US dollar\"). In addition, there are some new changes to support the strength of the US dollar recently: after the European Central Bank adjusts its monetary policy decision, the European Central Bank may further accelerate its expansion and delay Taper. The difference in monetary policy rhythm between the US and European central banks may further release the appreciation space of the US dollar against the euro. It is worth noting that since the outbreak of the COVID-19 epidemic, the US dollar has mainly depreciated against developed markets, while since the beginning of this year, its value to emerging markets has been basically the same as that in the second half of 2019, which may mean that the space for the depreciation of emerging market currencies is relatively limited. In the past week, the price in Bitcoin touched a new low since February this year.</p><p><img src=\"https://static.tigerbbs.com/09b6b3535060790986839dc811272b2a\" tg-width=\"1080\" tg-height=\"461\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><img src=\"https://static.tigerbbs.com/d0d2421b79d6ce17f8f080b339b33ea9\" tg-width=\"1080\" tg-height=\"458\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://www.gelonghui.com/p/476315\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e4f265653009ef8be3e9588861c69d25","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SH":"做空标普500-Proshares","QID":"两倍做空纳斯达克指数ETF-ProShares","DJX":"1/100道琼斯","OEX":"标普100","UDOW":"三倍做多道指30ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","SQQQ":"纳指三倍做空ETF","IVV":"标普500ETF-iShares","DOG":"道指ETF-ProShares做空",".DJI":"道琼斯","QQQ":"纳指100ETF","DXD":"两倍做空道琼30指数ETF-ProShares",".IXIC":"NASDAQ Composite","TQQQ":"纳指三倍做多ETF","SPXU":"三倍做空标普500ETF-ProShares",".SPX":"S&P 500 Index","OEF":"标普100指数ETF-iShares","DDM":"2倍做多道指ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","SPY":"标普500ETF"},"source_url":"http://www.gelonghui.com/p/476315","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2152763544","content_text":"一、主题评论:鲍威尔证词里的“新信息”\n7月14日,美联储公布了主席鲍威尔将于7月15日向美国参议院银行、住房和城市事务委员会提交的证词,以及美联储半年度货币政策报告。\n整体而言,鲍威尔的讲话维持鸽派。这体现在:“标榜”宽松的货币政策对美国经济的积极影响,认为劳动力市场恢复还有很长的路要走,强调通胀率走高主要是基数效应与供应链瓶颈所致,不担心金融体系的脆弱性,以及强调美国经济尚未取得实施Taper所需的“实质性进一步进展”、Taper前会“提前通知”等。\n鲍威尔的证词公布后,市场亦感受到了熟悉的“鸽声”,6月美国通胀指标蹿升带来的市场恐慌稍有缓解。标普500指数盘中创新高,10年期美债收益率最深跌超5个基点,美元指数短线走低。值得注意的是,目前新西兰央行已经停止国债购买,加拿大央行已经开始实施Taper。我们认为,美联储仍在试图“不急转弯”,但未来一段时间如果美国就业市场如期恢复,通胀指标居高不下,加上外国央行“抢跑”,那么美联储的“借口”将更加不足,仍需警惕美联储政策转向比预期来得“更早”,或力度“更大”的风险。\n具体来看,鲍威尔证词中的重点信息包括:\n1)美国经济快速恢复,但供应链瓶颈对部分行业造成影响。鲍威尔认为,在2021年上半年,美国经济的重新开放和强劲的经济增长,一方面受新冠疫苗接种的帮助,另一方面也离不开宽松的货币和财政政策的支持。其中最明显的是,家庭支出正以特别快的速度增长,住房需求非常强劲,商业投资也在稳步增长。但与此同时,供应限制已经限制一些行业的活动,其中最明显的是汽车行业。今年迄今为止,全球半导体短缺已大幅削减了汽车行业的生产。\n2)劳动力市场状况持续改善,但仍有很长的路要走。鲍威尔认为,美国劳动力需求似乎非常强劲,目前职位空缺处于历史新高,招聘势头强劲,许多人离职而寻求更好的工作。4-6月美国雇主新增170万劳工。但是,6月美国失业率仍然高达5.9%,且这一数字还低估了就业恢复的不足,因劳动参与率仍然低迷。但随着疫情改善及其对就业的影响减少,未来几个月美国就业增长应该会强劲。此外,他还强调了低收入群体和有色人种的就业受影响更大,有待恢复。\n3)通胀率已经明显上升,且未来几月可能仍然居高不下,之后才会有所缓和。鲍威尔认为,第一是基数效应暂时推高通胀,第二是在需求旺盛的背景下,供给瓶颈导致某些商品和服务价格迅速上涨。但未来随着供应链瓶颈缓解,类似情况应会一定程度上得到逆转。近几个月,受疫情严重影响的服务价格也大幅上涨,因随着经济重新开放,服务业需求正在大幅上升。他强调美联储已经调整了货币政策框架,寻求将长期通胀预期稳定在2%,而衡量长期通胀预期的指标已从低点回升,目前处于与美联储长期通胀目标大致一致的区间。\n4)美联储尚不担心资产价格与金融体系脆弱性。鲍威尔表示,可持续地实现就业最大化和价格稳定取决于一个稳定的金融体系,因此美联储将继续监测金融体系的脆弱性。不过,尽管随着基本面改善和投资者风险偏好增强,各类资产估值普遍上升,但美国家庭资产负债表相当强劲,企业杠杆水平一直从高水平下降,处于金融体系核心的机构仍保持弹性。\n5)鲍威尔仍然否认经济已经取得“实质性进一步进展”,维持偏鸽论调。鲍威尔表示,“零利率”+资产购买的组合,加上对利率和资产负债表的“有力指导”,将确保货币政策继续为美国经济提供强有力的支持,直到复苏完成。其重申了6月FOMC会议的主要观点:对于利率调整而言,需要等到经济真正实现了最大就业和长期通胀目标;而对于资产购买,将至少维持现在的速度,直到取得“实质性进一步进展”(substantial further progress)。鲍威尔进一步透露,在6月议息会议上,委员会讨论了去年12月以来美国经济取得的进展,虽然距离达到“实质性进一步进展”的标准还有一段距离,但预计进展将继续下去。而美联储将在今后的会议中继续讨论这些问题。美联储将在宣布任何更改资产购买决定之前给出提前通知(provide advance notice)。\n二、海外经济跟踪\n1\n美国经济:6月通胀指标再创新高,非耐用品和服务消费逐渐起势\n美国6月CPI同比继续创新高,环比大涨0.9%,明显高于过去5年平均增速(0.2%左右)。分项看,大部分环比在加速,最“夸张”的是交通运输项环比大涨3.6%(前值2.1%),这仍是由于二手车价格的上涨。目前,比较难以判断二手车价格增速的拐点,下半年其对美国CPI仍可能带来超预期的拉动作用。\n\n美国6月PPI同比与环比增速也在创新高,所有分项环比均上涨,其中“贸易”分项环比大涨2.1%。近一个月,国际油价走高,不仅直接加大了能源品的成本压力,亦使国际运价上升以及美国进口商品价格大幅上涨。\n\n美国6月零售销售环比小幅上涨0.55%,好于预期和前值。零售销售的结构变化值得关注,“小件”销售好于“大件”,百货商店、服装配饰、食品饮料等销售连续上涨,而汽车、家具家装、建材物料等销售连续下滑。我们继续强调,下半年美国消费力量将由耐用品向非耐用品及服务转移,而服务消费是美国居民消费的大头,因此消费增长空间仍足。\n\n美国7月密歇根大学消费者信心指数初值明显滑落。物价快速攀升以及对于美国经济边际放缓的预期,可能均一定程度上抑制了消费信心。不过,就业指标仍传递了乐观信号,截至7月3日当周,美国持续申请失业金人数显著下降12.6万人,至324.1万人,最新的初请失业金人数也继续下降。随着美国额外失业补贴的陆续到期,美国就业快速恢复仍是有希望的。\n\n2\n海外疫情与疫苗跟踪:全球新一波疫情来袭\n自6月下旬尤其7月以来,全球或正处于新一波疫情来临的起点。此前是印度疫情显著抬头并对全球经济造成了一定程度的威胁。但目前印度疫情已经逐渐缓和,而新一波疫情所波及的范围更大,目前很多地区受Delta病毒扰动,新增确诊重新上升。欧洲方面,英国疫情率先抬头,并开始逼近今年1月的高点,但英国将于7月19日全面解封(佩戴口罩、1米社交距离、居家办公、公共场所人员密度等限制将解除),这是一个值得关注的全球防疫政策的新动向。近一周法国新增确诊也出现了抬头迹象,德国、意大利等其他欧盟国家疫情尚稳定。日本疫情刚刚缓和不久,近一周又明显上升,奥运会举办在即,疫情风险受到全球关注。东南亚国家疫情“此消彼长”,近期是越南、泰国等国家显著恶化,相关股市亦受到明显冲击。以色列疫情也意外反扑,疫苗接种对于新病毒的效用可能“打折”。不过,进一步看英国疫情数据,疫苗接种在很大程度上降低了死亡率,未来新冠疫情会否像“流感”一样虽持续生存但影响可控,不是没有可能。但是,对全球疫情的担忧,一定程度上正在使近期资本市场风险偏好降温,再通胀交易受到质疑,值得继续关注。\n\n\n三、全球资产表现\n1\n全球股市——新兴市场反弹、发达市场回调\n新兴市场尤其亚洲新兴市场股市,因疫情反扑和“紧缩恐慌”的戒备之心,自6月下旬开始一直跑输发达市场。而近一周终于等到反弹,韩国、印度、中国台湾、墨西哥、中国(创业板和沪深300)、印尼、巴西等主要市场股指皆有上涨。与此同时,大部分发达市场股市回调,但美股道指(-0.5%)跌幅小于纳指(-1.9%),美股周期板块表现出更强韧性。\n越南股市近两周遭遇重创,7月14日越南胡志明指数较7月2日下跌了近10%。今年以来越南股市表现亮眼,7月以前基本维持单边上涨趋势,越南强劲的出口表现是市场信心的基石。据Vietnamplus报道,今年1-6月越南货物出口额同比增长28.4%。但需注意下半年外需边际放缓后越南市场可能出现的信心变化。7月5日、11日和16日越南单日新增确诊数分别破1000、2000和4000例,而今年5月以前该数字均未超过100。疫情陡然升温应是这次股市调整的导火索。\n2\n全球债市——10年美债实际利率跌破-1%\n近一周,长端美债收益率继续下降,7年期及以上美债收益率整周跌4-6bp。10年美债收益率整周跌6bp,至1.31%,其中10年TIPS(实际)利率跌11bp,至-1.02%,隐含通胀预期升5bp,至2.33%。7月15日,10年TIPS利率跌破-1%,创2月12日以来新低。近期10年美债收益率降至此前难以想象的低位,主因是市场对于美国经济前景信心不足:一方面,美国财政计划规模打折,拉低了市场对美国的中长期通胀预期。且通胀指标虽然仍然短期“爆表”,但由于通胀预期已经处于历史高位,市场很难继续大幅押注。而疫苗接种速度放缓、变异病毒扰动等因素。加剧了市场对于下半年“群体免疫”能否实现,经济活动能否按时重启的担忧,致使美债实际利率明显下滑。前期市场已经很大程度上将乐观预期纳入资产定价,造就了不断创新高的美股和美国公司债,近期市场无疑正在经历预期上的巨大变化。全球债市方面,大部分地区10y国债/公债继续随美债走牛,但泰国、马来西亚等地区因疫情急剧恶化、国债收益率上升。\n\n\n3\n商品市场——油价回落,黑色系连涨,农产品反弹\n近一周,国际油价明显回调,WTI原油和布伦特原油期货价整周分别跌3.7%和2.6%,分别收于71.81和73.59美元/桶。然而,截至7月9日当周,EIA美国原油库存继续下降790万桶,下降速度与前两周基本持平。近一周油价波动的主因是供给和需求预期变化:供给方面,阿联酋与OPEC恢复谈判意味着增产计划有望顺利进行(沙特同意将阿联酋的减产基准调高,以换取阿联酋同意将整体减产协议从2022年4月延长至当年年底);需求方面,近期新冠疫情扰动以及市场对于美国经济“见顶”的担忧,都可能一定程度上使市场对原油需求的判断更加谨慎。我们在报告《油价会不会是下一个“灰犀牛”?》中指出,供给约束是下半年油价走势之关键。目前,美国页岩油增产受限是大概率,未来需密切关注OPEC+能否坚守前期增产承诺。假如未出现大幅增产,则下半年国际油价可能在70-80美元/桶区间高位震荡。\n国内黑色系商品(铁矿石、螺纹钢、动力煤等)价格连续2-3周上涨。我们在3月报告《大宗商品的“超级周期”来了吗?》提示了“绿色泡沫”的风险,因铜价涨价背后,除了真实供需矛盾外,还有来自资本市场的炒作与助推。LME铜价自6月中旬显著回调后,近期保持在9100-9500美元/吨内窄幅震荡。目前,LME铜库存升至近一年以来的高位,“拜登基建”缩水亦对需求预期形成打压,铜供需紧张的局面出现一些缓解迹象。未来一段时间,市场通胀预期与风险偏好亦可能于高位回落,铜价上行或更加困难,可能经历更多波动。\n4\n外汇市场——美元指数创2季度以来新高\n7月13日美元指数升至92.79,超过7月7日92.72的前期高点,创下今年4月以来的新高。如何理解近期美债收益率下降与美元升值的关系?我们认为,需要注意美国经济纵向和横向比较的区别。近期,美债市场正在交易美国经济“见顶”,这是美债利率明显回落的主要驱动力量。然而,近期包括英国在内的多地疫情反扑,除欧元区外的非美地区经济前景仍然堪忧。因此,美国经济在今年的相对表现仍然是“一枝独秀”的,市场对于美元阶段走强的预期也在不断强化。我们继续维持下半年美元有望阶段性走强的判断(参考我们报告《美元下一步》)。此外,最近还有一些新的变化支撑美元走强:欧洲央行调整货币政策决策后,欧洲央行可能进一步加快扩表,并延缓Taper,美欧央行货币政策节奏的差异,可能令美元兑欧元的升值空间进一步释放。值得注意的是,美元自新冠疫情爆发以来主要是对发达市场贬值,而今年以来对新兴市场的价值基本持平于2019年下半年水平,这或意味着新兴市场货币贬值的空间是相对有限的。近一周,比特币价格触碰今年2月以来新低。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"DXD":0.9,"QQQ":0.9,"MNQmain":0.9,"SDOW":0.9,"SH":0.9,"SPY":0.9,"SQQQ":0.9,".SPX":0.9,"SSO":0.9,"OEX":0.9,"SPXU":0.9,".IXIC":0.9,"QLD":0.9,"UDOW":0.9,"TQQQ":0.9,"IVV":0.9,"QID":0.9,"PSQ":0.9,"NQmain":0.9,"DJX":0.9,".DJI":0.9,"SDS":0.9,"OEF":0.9,"DOG":0.9,"ESmain":0.9,"UPRO":0.9,"DDM":0.9}},"isVote":1,"tweetType":1,"viewCount":2750,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171991923,"gmtCreate":1626701263962,"gmtModify":1703763585427,"author":{"id":"3571305293972802","authorId":"3571305293972802","name":"puah","avatar":"https://static.tigerbbs.com/28e10f2ac6e631dd9d794c3a57c13f69","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571305293972802","idStr":"3571305293972802"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171991923","repostId":"2152658015","repostType":4,"repost":{"id":"2152658015","kind":"highlight","pubTimestamp":1626701023,"share":"https://ttm.financial/m/news/2152658015?lang=en_US&edition=fundamental","pubTime":"2021-07-19 21:23","market":"us","language":"zh","title":"The pre-order of FF91 production version is open, and Jia Yueting's \"dream of building a car\" is realized?","url":"https://stock-news.laohu8.com/highlight/detail?id=2152658015","media":"智驾网","summary":"这一次,你准备好为梦想而窒息了吗?\n\n近日,根据法拉第未来官网显示,其首款量产车型FF91已开启预订,用户支付5万元的预订金即可优先预订未来主义者版(量产版)FF 91,并参加“未来主义者体验官”活动","content":"<p><img src=\"https://static.tigerbbs.com/b2b574e8b0f2cc6c286e64e536933dfd\" tg-width=\"1080\" tg-height=\"573\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>Are you ready to suffocate for your dreams this time around?</b>Recently, according to Faraday Future's official website, its first mass-produced model FF91 has been booked. Users can give priority to booking the Futurist Edition (mass-produced version) FF91 and participate in the \"Futurist Experience Officer\" activity by paying a reservation fee of 50,000 yuan. The deposit supports a full refund prior to signing the contract.</p><p>It is reported that after submitting the FF 91 production version reservation application, users can obtain four services provided by Faraday Future: global exclusive FFID, the latest product/activity information, the right to participate in online/offline sales activities and personalized customization.</p><p>Previously, its official<a href=\"https://laohu8.com/S/WB\">Weibo</a>It was revealed that the FF 91 production version will be officially launched in the first half of 2022. With the opening of the booking, can FF 91, which has been bounced for many years, really go on the market as scheduled this time?</p><p><h2><b>Belated FF 91</b></h2>According to Business Wire, Faraday Future will host an investor day in Los Angeles on September 21, 2021. At the same time, Faraday Future will also announce the details of FF91 on the same day, as well as open test drives.</p><p>According to Faraday Future's official website, the FF 91 is its flagship model with a highly futuristic design. Although the official has not systematically released its details at present, we can also know a thing or two through public information.</p><p>On April 13th, Faraday Future announced in Weibo that FF 91 will be equipped with NVIDIA DRIVE Orin system-level chip (SoC), and plans to have highway autonomous driving function and stop summoning function when it goes on the market.</p><p>It is reported that NVIDIA DRIVE Orin can run 254 trillion times per second.</p><p>On the lidar side, the FF 91 is configured with Velodyne's first solid-state lidar, the Velarray H800. The Velarray H800 is an automotive-grade lidar that can be mounted behind a vehicle's windshield.</p><p>In addition to this, Velodyne has announced that it is the exclusive lidar supplier for the Faraday Future FF 91.</p><p><img src=\"https://static.tigerbbs.com/0de02c759a136ccff39b28435fa70f98\" tg-width=\"846\" tg-height=\"476\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>In terms of batteries, Faraday Future said that the energy density of its lithium-ion battery cells is almost twice that of mass-produced electric vehicle batteries, and the driving range on a single charge can exceed 482 kilometers.</p><p>In terms of power, FF 91 has a built-in modular variable electric drive chassis architecture, which can include batteries, powertrain systems, and its patented component \"ladder inverter\". It makes up to 1050 horsepower and has a 0-60 mph acceleration of 2.39 seconds.</p><p>Inside, the FF 91 features zero-gravity seats, and rear passengers can have 48.9 inches of legroom. The cockpit features a 27-inch display and a patented connectivity module that supports three different network operators simultaneously.</p><p>Currently, the FF 91 is being produced in a plant of approximately 1.02 million square meters in Hanford, California. According to the video released by Faraday Future on Weibo, most of the production links of FF 91 need to be assembled manually.</p><p>Faraday Future has also previously revealed plans for more production models, with the FF 81 and FF 71 understood to begin production in 2023 and 2024, respectively.</p><p><h2><b>Countdown to listing on?</b></h2>In addition to the latest developments of FF 91, in the recent announcement, the listing process of Faraday Future has also been further disclosed.</p><p>It is reported that PSAC (Property Solutions Acquisitions Corp.), the company merged by Faraday Future, will hold an online shareholders' meeting on July 20th. The purpose of the meeting is to approve the business merger between PSAC and Faraday Future.</p><p>Upon completion of the transaction, the shares of the company that completed the consolidation, as well as the warrants, will be traded on the Nasdaq under the ticker symbols \"FFIE\" and \"FFIEW,\" respectively.</p><p><img src=\"https://static.tigerbbs.com/de798a525e337c3318cb2d6d9cdecb0d\" tg-width=\"1021\" tg-height=\"752\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The transaction is presumed to generate nearly $1 billion in gross proceeds for Faraday, including approximately $230 million in cash held on trust by PSAC (when unredeemed), and $775 million in common stock PIPE. The post-transaction equity value of the combined company is approximately $3.4 billion.</p><p>In fact, Faraday Future originally planned to go public through IPO, but due to the epidemic, it was forced to choose a less difficult backdoor listing.</p><p>Faraday Future CEO Carsten Breitfeld once told the media Robb Report that Faraday Future had discussed with many private equity companies before the pandemic in 2020 and planned to make it public through IPO. After the pandemic hit, private equity firms pulled out amid uncertainty about the future.</p><p>Fortunately, after 2020, the way companies go public through SPACs began to catch on in the industry. Faraday Future has reached cooperation with RMG (Riverside Management Group) and PSAC for the purpose of long-term cooperation, and obtained more than $1 billion in cash.</p><p>According to media outlet MARKET REALIST, Faraday Future has spent about $2 billion without any revenue in the last nearly 7 years of the company's operation. At the same time, in order to gain more revenue, Faraday Future took on more debt and sold a small stake in the company.</p><p>MARKET REALIST notes that Faraday Future's bank balance was only $1 million at the end of 2020.</p><p>However, according to the data, between 2015 and October 2020, Faraday Future received at least 4.5 billion US dollars through financing, mergers and acquisitions, etc.</p><p>Of course, one of the biggest achievements of this merger may be the smooth launch of the production version of FF 91.</p><p>Carsten Breitfeld said: \"This business combination will allow us to launch an all-new species, the FF 91, an extreme<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Technology<a href=\"https://laohu8.com/S/DLX\">luxury</a>electric vehicles, aiming to fulfill the original intention of the founders, inviting users and shareholders to participate in shaping an innovative future mobility ecosystem. \"</p><p>Then again, pre-orders are open for the FF 91 production version, are you willing to suffocate for your dreams?</p>","source":"lsy1626700557210","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>The pre-order of FF91 production version is open, and Jia Yueting's \"dream of building a car\" is realized?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe pre-order of FF91 production version is open, and Jia Yueting's \"dream of building a car\" is realized?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智驾网</strong><span class=\"h-time small\">2021-07-19 21:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/b2b574e8b0f2cc6c286e64e536933dfd\" tg-width=\"1080\" tg-height=\"573\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>Are you ready to suffocate for your dreams this time around?</b>Recently, according to Faraday Future's official website, its first mass-produced model FF91 has been booked. Users can give priority to booking the Futurist Edition (mass-produced version) FF91 and participate in the \"Futurist Experience Officer\" activity by paying a reservation fee of 50,000 yuan. The deposit supports a full refund prior to signing the contract.</p><p>It is reported that after submitting the FF 91 production version reservation application, users can obtain four services provided by Faraday Future: global exclusive FFID, the latest product/activity information, the right to participate in online/offline sales activities and personalized customization.</p><p>Previously, its official<a href=\"https://laohu8.com/S/WB\">Weibo</a>It was revealed that the FF 91 production version will be officially launched in the first half of 2022. With the opening of the booking, can FF 91, which has been bounced for many years, really go on the market as scheduled this time?</p><p><h2><b>Belated FF 91</b></h2>According to Business Wire, Faraday Future will host an investor day in Los Angeles on September 21, 2021. At the same time, Faraday Future will also announce the details of FF91 on the same day, as well as open test drives.</p><p>According to Faraday Future's official website, the FF 91 is its flagship model with a highly futuristic design. Although the official has not systematically released its details at present, we can also know a thing or two through public information.</p><p>On April 13th, Faraday Future announced in Weibo that FF 91 will be equipped with NVIDIA DRIVE Orin system-level chip (SoC), and plans to have highway autonomous driving function and stop summoning function when it goes on the market.</p><p>It is reported that NVIDIA DRIVE Orin can run 254 trillion times per second.</p><p>On the lidar side, the FF 91 is configured with Velodyne's first solid-state lidar, the Velarray H800. The Velarray H800 is an automotive-grade lidar that can be mounted behind a vehicle's windshield.</p><p>In addition to this, Velodyne has announced that it is the exclusive lidar supplier for the Faraday Future FF 91.</p><p><img src=\"https://static.tigerbbs.com/0de02c759a136ccff39b28435fa70f98\" tg-width=\"846\" tg-height=\"476\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>In terms of batteries, Faraday Future said that the energy density of its lithium-ion battery cells is almost twice that of mass-produced electric vehicle batteries, and the driving range on a single charge can exceed 482 kilometers.</p><p>In terms of power, FF 91 has a built-in modular variable electric drive chassis architecture, which can include batteries, powertrain systems, and its patented component \"ladder inverter\". It makes up to 1050 horsepower and has a 0-60 mph acceleration of 2.39 seconds.</p><p>Inside, the FF 91 features zero-gravity seats, and rear passengers can have 48.9 inches of legroom. The cockpit features a 27-inch display and a patented connectivity module that supports three different network operators simultaneously.</p><p>Currently, the FF 91 is being produced in a plant of approximately 1.02 million square meters in Hanford, California. According to the video released by Faraday Future on Weibo, most of the production links of FF 91 need to be assembled manually.</p><p>Faraday Future has also previously revealed plans for more production models, with the FF 81 and FF 71 understood to begin production in 2023 and 2024, respectively.</p><p><h2><b>Countdown to listing on?</b></h2>In addition to the latest developments of FF 91, in the recent announcement, the listing process of Faraday Future has also been further disclosed.</p><p>It is reported that PSAC (Property Solutions Acquisitions Corp.), the company merged by Faraday Future, will hold an online shareholders' meeting on July 20th. The purpose of the meeting is to approve the business merger between PSAC and Faraday Future.</p><p>Upon completion of the transaction, the shares of the company that completed the consolidation, as well as the warrants, will be traded on the Nasdaq under the ticker symbols \"FFIE\" and \"FFIEW,\" respectively.</p><p><img src=\"https://static.tigerbbs.com/de798a525e337c3318cb2d6d9cdecb0d\" tg-width=\"1021\" tg-height=\"752\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The transaction is presumed to generate nearly $1 billion in gross proceeds for Faraday, including approximately $230 million in cash held on trust by PSAC (when unredeemed), and $775 million in common stock PIPE. The post-transaction equity value of the combined company is approximately $3.4 billion.</p><p>In fact, Faraday Future originally planned to go public through IPO, but due to the epidemic, it was forced to choose a less difficult backdoor listing.</p><p>Faraday Future CEO Carsten Breitfeld once told the media Robb Report that Faraday Future had discussed with many private equity companies before the pandemic in 2020 and planned to make it public through IPO. After the pandemic hit, private equity firms pulled out amid uncertainty about the future.</p><p>Fortunately, after 2020, the way companies go public through SPACs began to catch on in the industry. Faraday Future has reached cooperation with RMG (Riverside Management Group) and PSAC for the purpose of long-term cooperation, and obtained more than $1 billion in cash.</p><p>According to media outlet MARKET REALIST, Faraday Future has spent about $2 billion without any revenue in the last nearly 7 years of the company's operation. At the same time, in order to gain more revenue, Faraday Future took on more debt and sold a small stake in the company.</p><p>MARKET REALIST notes that Faraday Future's bank balance was only $1 million at the end of 2020.</p><p>However, according to the data, between 2015 and October 2020, Faraday Future received at least 4.5 billion US dollars through financing, mergers and acquisitions, etc.</p><p>Of course, one of the biggest achievements of this merger may be the smooth launch of the production version of FF 91.</p><p>Carsten Breitfeld said: \"This business combination will allow us to launch an all-new species, the FF 91, an extreme<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Technology<a href=\"https://laohu8.com/S/DLX\">luxury</a>electric vehicles, aiming to fulfill the original intention of the founders, inviting users and shareholders to participate in shaping an innovative future mobility ecosystem. \"</p><p>Then again, pre-orders are open for the FF 91 production version, are you willing to suffocate for your dreams?</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://36kr.com/p/1317609755347713\">智驾网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0de02c759a136ccff39b28435fa70f98","relate_stocks":{},"source_url":"https://36kr.com/p/1317609755347713","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152658015","content_text":"这一次,你准备好为梦想而窒息了吗?\n\n近日,根据法拉第未来官网显示,其首款量产车型FF91已开启预订,用户支付5万元的预订金即可优先预订未来主义者版(量产版)FF 91,并参加“未来主义者体验官”活动。该订金支持签署合同前的全额退款。\n据悉,提交FF 91量产版预约申请后,用户可获得法拉第未来提供的全球专属FFID、最新产品/活动信息、 线上/线下销售活动参与权以及个性化定制四项服务。\n此前,其官方微博透露,FF 91量产版将在2022年上半年正式上市。随着预订开启,跳票多年的 FF 91此次真的能如约上市吗?\n姗姗来迟的FF 91\n据美国商业资讯报道,法拉第未来将在2021年9月21日于洛杉矶举办投资者日。同时,法拉第未来也将在当日公布FF91的详细信息,以及开放试驾。\n根据法拉第未来官网介绍,FF 91是其极具未来感设计的旗舰车型。尽管目前官方并未系统性公布其详细资料,但通过公开信息,我们也可略知一二。\n4月13日,法拉第未来在微博宣布,FF 91将搭载NVIDIA DRIVE Orin系统级芯片(SoC),并计划在上市时即具备高速公路自动驾驶功能,以及停车召唤功能。\n据悉,NVIDIA DRIVE Orin每秒可运行254万亿次。\n在激光雷达方面,FF 91配置了Velodyne的首款固态激光雷达Velarray H800。Velarray H800为车规级激光雷达,可安装在车辆挡风玻璃后。\n除此之外,Velodyne还宣布其为法拉第未来FF 91的独家激光雷达供应商。\n\n电池方面,法拉第未来表示其锂离子电池电芯的能量密度,几乎是量产电动车电池的两倍,单次充电行驶里程可超过482公里。\n在动力方面,FF 91内置模块化的可变电驱动底盘架构,可将电池、动力总成系统,以及其专利组件“梯形逆变器”囊括其中。其功率可达1050马力,0-60英里/时的加速为2.39秒。\n在内饰方面,FF 91配置零重力座椅,后排乘客可拥有 48.9 英寸的腿部空间。驾驶舱配备 27 英寸显示屏和专利连接模块,可同时支持三个不同的网络运营商。\n目前,FF 91正在加利福尼亚州汉福德约102万平方米的工厂中生产。根据法拉第未来在微博发布的视频显示,FF 91的生产环节大部分需要手工装配。\n法拉第未来此前还披露了更多量产车型计划,据了解,FF 81 和 FF 71 预计分别于 2023 年和 2024 年开启量产。\n上市倒计时开启?\n除了 FF 91 的最新动态,在近期宣布的消息中,法拉第未来的上市进程也进一步公开。\n据悉,法拉第未来合并交易的公司PSAC(Property Solutions Acquisitions Corp.),将在7月20日通过线上举办股东大会,大会目的为批准PSAC与法拉第未来的业务合并。\n交易完成后,完成合并的公司股票以及认股权证将在纳斯达克交易,股票代码分别为“FFIE”和“FFIEW”。\n\n据推测,该笔交易将为法拉第带来近 10 亿美元的总收益,其中包括 PSAC 以信托方式持有的约 2.3 亿美元现金(未赎回情况下),以及 7.75 亿美元的普通股 PIPE。合并后公司的交易后股权价值约为 34 亿美元。\n事实上,法拉第未来本计划通过IPO上市,却因疫情原因迫使其选择难度较低的借壳上市。\n法拉第未来CEO Carsten Breitfeld曾对媒体Robb Report表示,法拉第未来在2020年的疫情之前,曾与许多私募股权公司讨论,计划使其通过IPO上市。在疫情袭来之后,私募股权公司出于对未来的不确定性而纷纷退出。\n幸运的是,2020年后公司通过SPAC上市的方式开始在业内流行。法拉第未来以长期合作的目的先后与 RMG (Riverside Management Group)和 PSAC 两家公司达成合作,获得超过10亿美元的现金。\n根据媒体MARKET REALIST的报道,在过去近7年的公司运营中,法拉第未来在没有任何收入的情况下花费了约 20 亿美元。同时,为了获得更多的收入,法拉第未来承担了更多债务,以及出售了公司少量股权。\nMARKET REALIST指出,法拉第未来的银行余额在 2020 年底只有 100 万美元。\n不过根据数据显示,在2015年-2020年10月间,法拉第未来通过融资、并购等方式至少获得45亿美金。\n当然,此次合并的最大成果之一或为FF 91量产版得以顺利上市。\nCarsten Breitfeld表示:“此次业务合并将使我们能够推出全新物种FF 91,一款极致智能的科技豪华电动汽车,旨在实现创始人的初衷,邀请用户和股东参与,共同塑造创新的未来移动生态系统。”\n话说回来,FF 91量产版已经开启预订,你愿意为了梦想而窒息吗?","news_type":1,"symbols_score_info":{"PSAC":0.9,"FFIE":0.9}},"isVote":1,"tweetType":1,"viewCount":2894,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}