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AB_Iphone

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- AB_IphoneAB_Iphone
  ·2021-09-10
  Who knows
  Sorry, this post has been deleted
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- AB_IphoneAB_Iphone
  ·2021-09-09
  Really?
  Sorry, this post has been deleted
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- AB_IphoneAB_Iphone
  ·2021-08-28
  Weee
  Oil prices post biggest weekly gain since June as hurricane hits
  油企周五已经关闭了墨西哥湾59%的产能。墨西哥湾的海上油井占美国原油产量的17%，美国有超过45%的炼油产能位于墨西哥湾沿岸。
  Oil prices post biggest weekly gain since June as hurricane hits
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- AB_IphoneAB_Iphone
  ·2021-08-20
  Baba go
  Sorry, this post has been deleted
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- AB_IphoneAB_Iphone
  ·2021-08-19
  Oh no
  If the Federal Reserve wants to "collect water", will US stocks really fall? How much?
  美股可能受市场情绪影响短期下跌，但想要大跌下去的话，可能不会大。
  If the Federal Reserve wants to "collect water", will US stocks really fall? How much?
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- AB_IphoneAB_Iphone
  ·2021-07-25
  QE lo
  The Fed's Blockbuster July Meeting Hits Next Week! Those key points should be focused on?
  美联储于7月27日和28日召开货币政策会议，虽然股市目前情绪还较乐观，它将在一种不安的气氛中开会。
  The Fed's Blockbuster July Meeting Hits Next Week! Those key points should be focused on?
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- AB_IphoneAB_Iphone
  ·2021-07-15
  Good
  Sorry, this post has been deleted
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- AB_IphoneAB_Iphone
  ·2021-07-14
  Go to the moon
  Sorry, this post has been deleted
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- AB_IphoneAB_Iphone
  ·2021-07-02
  Yeah… take a rest
  Reminder: U.S. stocks are closed all day on July 5th due to the U.S. Independence Day holiday
  因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。港股、A股、英股、澳股、新加坡股市照常交易。背景简介：独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月
  Reminder: U.S. stocks are closed all day on July 5th due to the U.S. Independence Day holiday
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- AB_IphoneAB_Iphone
  ·2021-06-29
  Serious?runnnnnn
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knows&nbsp;","listText":"Who knows&nbsp;","text":"Who 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16:42","market":"us","language":"zh","title":"Oil prices post biggest weekly gain since June as hurricane hits","url":"https://stock-news.laohu8.com/highlight/detail?id=2162711075","media":"华尔街见闻","summary":"油企周五已经关闭了墨西哥湾59%的产能。墨西哥湾的海上油井占美国原油产量的17%，美国有超过45%的炼油产能位于墨西哥湾沿岸。","content":"<p>On Friday, Brent crude oil closed up 2.21%, with a cumulative rise of over 11% this week, and WTI crude oil closed up 1.84%, with a cumulative rise of over 10% this week.</p><p><b>Both posted their biggest weekly gains since June 2020.</b></p><p><img src=\"https://static.tigerbbs.com/f92868c7332f99db9188d1fb6bae2183\" tg-width=\"901\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/de070d28c85f8c199300c304e76d957c\" tg-width=\"902\" tg-height=\"601\" referrerpolicy=\"no-referrer\">According to the U.S. Safety and Environmental Enforcement Agency (BSEE), a major hurricane Ida is expected to hit North America early next week,<b>Oil producers have already shut down 59% of capacity in the Gulf of Mexico on Friday.</b></p><p><b>Offshore wells in the Gulf of Mexico account for 17% of U.S. crude oil production, and more than 45% of U.S. refining capacity is located along the Gulf Coast.</b></p><p>Bob Yawger, head of energy futures at Mizuho in New York, said:</p><p>Historically, crude oil prices have increased as hurricanes approached, although refineries did not need crude oil when they were closed during storms. Andrew Lebow, senior partner at Commodity Research Group, an independent Research consultancy, said:</p><p>Hurricanes are clearly the focus of current market attention, at least in the short term. We're going to lose supply and some demand from the refinery. In addition,<b>The weakening of the US dollar this week has made it cheaper for holders of other currencies to buy oil, which has also supported oil prices to some extent.</b></p><p>In his speech at the Jackson Hole meeting on Friday, Federal Reserve Chairman Powell admitted for the first time that he also supports the possibility of starting taper within the year, but also stressed that this cannot be interpreted as a signal that rate hike is coming soon. He reiterated that inflation is temporary and warned of near-term risks from the Delta virus.</p><p>On the same day, the US Dollar Index closed down 0.36% at 92.70 points.</p><p><img src=\"https://static.tigerbbs.com/46d29271924d869edde84f8459e7eae5\" tg-width=\"913\" tg-height=\"605\" referrerpolicy=\"no-referrer\">OPEC + will meet on September 1st, and many market participants expect or will approve another increase in monthly output.</p><p>Energy Services Corp.<a href=\"https://laohu8.com/S/BHI\">Baker Hughes</a>The number of active rigs in the U.S. increased by five this week to 410, the most since April 2020, according to the data. The number of active rigs increased by 25 in August, the largest increase since January, and the first 12-month increase since July 2017.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil prices post biggest weekly gain since June as hurricane hits</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\">\nOil prices post biggest weekly gain since June as hurricane hits\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-08-28 16:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On Friday, Brent crude oil closed up 2.21%, with a cumulative rise of over 11% this week, and WTI crude oil closed up 1.84%, with a cumulative rise of over 10% this week.</p><p><b>Both posted their biggest weekly gains since June 2020.</b></p><p><img src=\"https://static.tigerbbs.com/f92868c7332f99db9188d1fb6bae2183\" tg-width=\"901\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/de070d28c85f8c199300c304e76d957c\" tg-width=\"902\" tg-height=\"601\" referrerpolicy=\"no-referrer\">According to the U.S. Safety and Environmental Enforcement Agency (BSEE), a major hurricane Ida is expected to hit North America early next week,<b>Oil producers have already shut down 59% of capacity in the Gulf of Mexico on Friday.</b></p><p><b>Offshore wells in the Gulf of Mexico account for 17% of U.S. crude oil production, and more than 45% of U.S. refining capacity is located along the Gulf Coast.</b></p><p>Bob Yawger, head of energy futures at Mizuho in New York, said:</p><p>Historically, crude oil prices have increased as hurricanes approached, although refineries did not need crude oil when they were closed during storms. Andrew Lebow, senior partner at Commodity Research Group, an independent Research consultancy, said:</p><p>Hurricanes are clearly the focus of current market attention, at least in the short term. We're going to lose supply and some demand from the refinery. In addition,<b>The weakening of the US dollar this week has made it cheaper for holders of other currencies to buy oil, which has also supported oil prices to some extent.</b></p><p>In his speech at the Jackson Hole meeting on Friday, Federal Reserve Chairman Powell admitted for the first time that he also supports the possibility of starting taper within the year, but also stressed that this cannot be interpreted as a signal that rate hike is coming soon. He reiterated that inflation is temporary and warned of near-term risks from the Delta virus.</p><p>On the same day, the US Dollar Index closed down 0.36% at 92.70 points.</p><p><img src=\"https://static.tigerbbs.com/46d29271924d869edde84f8459e7eae5\" tg-width=\"913\" tg-height=\"605\" referrerpolicy=\"no-referrer\">OPEC + will meet on September 1st, and many market participants expect or will approve another increase in monthly output.</p><p>Energy Services Corp.<a href=\"https://laohu8.com/S/BHI\">Baker Hughes</a>The number of active rigs in the U.S. increased by five this week to 410, the most since April 2020, according to the data. The number of active rigs increased by 25 in August, the largest increase since January, and the first 12-month increase since July 2017.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3639105\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f01e4b782ba393cb7794f7764a5d7d90","relate_stocks":{"UCO":"二倍做多彭博原油ETF","DDG":"ProShares做空石油与天然气ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","SCO":"二倍做空彭博原油指数ETF","DWT":"三倍做空原油ETN","USO":"美国原油ETF"},"source_url":"https://wallstreetcn.com/articles/3639105","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162711075","content_text":"本周五，布伦特原油收涨2.21%，本周累涨超11%，WTI原油收涨1.84%，本周累涨超10%。\n二者均创下自2020年6月以来的最大单周涨幅。\n\n据美国安全和环境执法局(BSEE)数据，因预计下周初将有一场重大飓风Ida袭击北美，石油生产商周五已经关闭了墨西哥湾59%的产能。\n墨西哥湾的海上油井占美国原油产量的17%，美国有超过45%的炼油产能位于墨西哥湾沿岸。\n纽约瑞穗能源期货主管 Bob Yawger 表示：\n\n 从历史上看，原油价格会随着飓风的临近而上涨，尽管炼油厂在风暴期间关闭时并不需要原油。\n\n独立研究咨询公司 Commodity Research Group 高级合伙人 Andrew Lebow 称：\n\n 飓风显然是当前市场关注的焦点，至少在短期内如此。我们将失去炼油厂的供应和一些需求。\n\n此外，本周美元的走软使得其它货币持有者购买石油的成本降低，也在一定程度上支撑了油价。\n美联储主席鲍威尔周五在Jackson Hole会议上的讲话中，首度承认他也支持年内可能开始taper，但也强调这不能被解读为很快就要加息的信号。他重申了通胀是暂时的，并警告说Delta病毒带来近期风险。\n当日美元指数收跌0.36%，报92.70点。\nOPEC＋将于9月1日举行会议，不少市场人士预计或将批准再次增加月度产量。\n能源服务公司贝克休斯数据显示，本周美国活跃钻机数增加五座，至410座，为2020年4月以来最多。8月活跃钻机数增加25座，为1月以来最大增幅，这也是自2017年7月以来首次连续12个月增加。","news_type":1,"symbols_score_info":{"UCO":0.9,"UWTIF":0.9,"DDG":0.9,"USO":0.9,"DUG":0.9,"BZmain":0.9,"CLmain":0.9,"QMmain":0.9,"DWTIF":0.9,"SCO":0.9,"DWT":0.9}},"isVote":1,"tweetType":1,"viewCount":4848,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836117280,"gmtCreate":1629464653540,"gmtModify":1676530049408,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574395209516109","idStr":"3574395209516109"},"themes":[],"title":"","htmlText":"Baba go","listText":"Baba go","text":"Baba go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/836117280","repostId":"1114951642","repostType":4,"isVote":1,"tweetType":1,"viewCount":4538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838608087,"gmtCreate":1629388257549,"gmtModify":1676530026718,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574395209516109","idStr":"3574395209516109"},"themes":[],"title":"","htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/838608087","repostId":"1132455826","repostType":4,"repost":{"id":"1132455826","kind":"news","pubTimestamp":1629378280,"share":"https://ttm.financial/m/news/1132455826?lang=en_US&edition=fundamental","pubTime":"2021-08-19 21:04","market":"us","language":"zh","title":"If the Federal Reserve wants to \"collect water\", will US stocks really fall? How much?","url":"https://stock-news.laohu8.com/highlight/detail?id=1132455826","media":"格隆汇","summary":"美股可能受市场情绪影响短期下跌，但想要大跌下去的话，可能不会大。","content":"<p>A long-discussed taper issue has once again frightened global financial markets.</p><p>After the release of the minutes of the Federal Reserve's meeting, the accelerated decline of U.S. stocks at the end of last night triggered a huge shock in the global financial market, and commodities such as iron ore, energy and nonferrous metals plummeted across the board. Japan and South Korea stock markets followed the sharp fall this morning, Hong Kong stocks relay at midday in the afternoon, and then<b>In the afternoon, European stock markets also suffered, and almost none of the financial markets were spared.</b></p><p><img src=\"https://static.tigerbbs.com/d7c5fddb05c7caa94a3b1f6ec9c93df7\" tg-width=\"554\" tg-height=\"204\" referrerpolicy=\"no-referrer\"></p><p>In the published minutes of the Federal Reserve meeting, the Federal Reserve explicitly discussed Taper (tapering bond purchases) for the first time, and also set up a special chapter on \"discussing asset purchases\".</p><p><b>From civil discussions to official clarity for the first time and giving a more specific time, this signal has become the source of all panic.</b></p><p>It seems that it is a consensus conclusion that the water collection time is advanced, but the problem is that the Federal Reserve has been erratic on this issue many times. This time, can it really press this \"nuclear button\" that may have been changed long ago?</p><p><i><b>01</b></i><b>High-fever inflation</b></p><p>The Fed's minutes did not make any details, except that the price stability target and employment target were close to satisfactory levels. But as always, among members \"<b>Disagreements that still exist</b>\", the main problem is that many people still think\"<b>The rise in inflation is a temporary phenomenon</b>”。</p><p>To be honest, the Federal Reserve has been somewhat Keynesian lately and will \"<b>Full employment</b>\"In the first place, inflation data now seems to be a vassal.</p><p>The loose monetary policy, huge financial subsidies and recovering economy in the United States have continuously stimulated the growth of CPI. This indicator has broken through the threshold of 2% since March this year, and the year-on-year growth rate in June and July reached a historic high of 5.4%, showing signs of overheating economic recovery.</p><p><img src=\"https://static.tigerbbs.com/fed5b554b6bc3ec62446ff022141ee8c\" tg-width=\"444\" tg-height=\"217\" referrerpolicy=\"no-referrer\"></p><p>American people have long suffered from rising prices. Although many residents can still receive generous unemployment benefits, the prices of consumer goods such as meat, fruits and vegetables have soared wildly, making the purchasing power of bailout funds decline continuously.</p><p>Now, the 1.2 trillion infrastructure and 3.5 trillion US dollars budget spending plans passed by the Senate will continue to stimulate the price growth of infrastructure-related raw materials in the United States and even the world, which will lay the possibility for further inflation to rise in the future.</p><p>In fact, the shortage of supply is also reflected in PPI. In July, PPI rose by 7.8% year-on-year. The gap between PPI and CPI continued to widen, and corporate profits were compressed, which may be transmitted to consumer prices in the later period.</p><p>From this point of view<b>The pressure of inflation is still very great, and it may not fall back to the normal level as smoothly as expected. Judging from this aspect, the instability of CPI growth rate will not be good information for the economy and the stock market.</b></p><p>It stands to reason that if the inflation data is too high, the Federal Reserve should adopt austerity measures to control it, but the Federal Reserve has not given clear instructions for a long time. Instead, it keeps reassuring the market that \"rate hike is still far away\".</p><p>Behind this, in addition to the impact of the re-outbreak of Delta epidemic, it is also related to the fact that the current rise and fall of employment data has not been reassuring.</p><p><img src=\"https://static.tigerbbs.com/9e46fbe9106463d3d09556d36fbc3cd2\" tg-width=\"554\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p><p>But more importantly,<b>Strong medicine for serious illness is a high-risk treatment of last resort, and it is not a worry-free move to win. Now, the United States has supported the standing economic recovery through ultra-large-scale water release and \"taking strong medicine\". Although it has achieved great results, the sequelae are great, one is extremely dependent, and the other is that inflation is high and fever.</b></p><p>It is precisely because of this that the Federal Reserve has been erratic and hesitant in the consideration of collecting water. Because it knows that once the drug is stopped, the cost can be very high.</p><p><i><b>02</b></i><b>Is the economy really overheating?</b></p><p>In fact, the strength of the US economy is not strong enough to exceed the expectations of the Federal Reserve in some performances, and there are contradictions between different data.</p><p>First, the U.S. manufacturing industry has recovered steadily. In July, the manufacturing PMI recorded a new high of 63.40, exceeding expectations.</p><p><b>But the employment side of the Fed's biggest concern seems to have yet to hit its threshold.</b></p><p>Although the unemployment rate has dropped significantly since the beginning of the year, it has now dropped back to the level of 5.4%, which is better than the expected 5.7%, but there is still a certain distance from the 3-4% before the epidemic. In addition, in the week of August 12th, the number of first-time unemployment claims was 375,000, which is still a gap from the pre-pandemic average of 200,000.</p><p><img src=\"https://static.tigerbbs.com/93e549a63987d92ac38cbcdadb19aa84\" tg-width=\"340\" tg-height=\"224\" referrerpolicy=\"no-referrer\"></p><p>At the same time, the number of job vacancies is increasing, which shows that the increase of employment is not enough to supplement the demand for jobs, and the imbalance between supply and demand in the labor market is becoming increasingly serious.</p><p>The $1.9 trillion bailout bill Biden pushed in March didn't stop until September, and eligible residents could receive high relief payments. Some residents think of lying down to earn money, but of course they have no idea of finding a job, which to some extent inhibits the recovery of the local job market, makes the supply of enterprise products impossible, and the market supply and demand are still tight.</p><p><img src=\"https://static.tigerbbs.com/1df72758e634507d170c77cc7b60ecd1\" tg-width=\"406\" tg-height=\"267\" referrerpolicy=\"no-referrer\"></p><p>In addition, the consumption data has not yet met expectations. The U.S. Department of Commerce recently released the retail sales data for July, down 1.1% month-on-month, and the previous value was an increase of 0.6%.</p><p>With personal consumption spending accounting for about 70% of the U.S. economy, the data is closely watched by the market as a measure of the health of the overall economy. The weak growth of the data shows that U.S. consumption has not returned to the original and expected growth strength. If subsidies are stopped later, consumption may lose its growth momentum.</p><p><img src=\"https://static.tigerbbs.com/81c32bcf506c08d16090a67fb55ac030\" tg-width=\"473\" tg-height=\"272\" referrerpolicy=\"no-referrer\"></p><p>Since the pandemic, the scale of U.S. fiscal expenditure has been increasing. In fiscal 2021, the U.S. fiscal expenditure reached 7.7 trillion USD, and the expenditure was mainly spent on unemployment benefits, nutrition assistance and COVID-19 relief projects.</p><p>The Senate also recently passed Biden's $1.2 trillion infrastructure package and a 3.5 trillion budget plan focused on fighting poverty and improving the climate. If it is successfully approved by the House of Representatives in the later period, the high fiscal spending will rise again.</p><p>In fact, Biden's overall policy policy has not exceeded the Democratic Party's consistent philosophy. He still stimulates the economy through high fiscal expenditure, and the source of funds he relies on is through bond issuance and tax increase. If tax increases can't make up for the above-mentioned expenditure, they can only rely on bond issuance.</p><p>If the Federal Reserve keeps the interest rate low, it will be more conducive to the implementation of proactive fiscal policy.</p><p><img src=\"https://static.tigerbbs.com/6daf4374f269e5ac0784aed8157abc09\" tg-width=\"395\" tg-height=\"253\" referrerpolicy=\"no-referrer\"></p><p>According to research by West China Securities, the United States experienced four interest rate cut cycles from 1984 to 2015. In these four periods, the Federal Reserve faced a large economic downturn when it began to cut interest rates. Except for the period of 1984-1986, the last three periods experienced economic recession shortly after the interest rate cut. By the middle and late period of interest rate cut, the economy gradually recovered and regained its growth momentum.</p><p><img src=\"https://static.tigerbbs.com/879dbfed5c68d676a0a4d688b52dd2a9\" tg-width=\"429\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>According to the historical trajectory to this day, the rate hike of the United States should not come until the economy itself returns to a stable and normal growth rate, and the footsteps of rate hike will arrive. However, from the current performance (such as consumption and employment indicators), it may not be time to consider rate hike.</p><p><b>However, in the face of high inflation rate, it may be inevitable for the Federal Reserve to shift to an anti-inflation mode. The next employment data will be the key. If the unemployment rate drops to about 5%, taper will come quickly.</b></p><p><i><b>03</b></i><b>Will U.S. stocks plummet this time?</b></p><p>The topic of whether U.S. stocks will jump has been discussed countless times and slapped in the face countless times.</p><p>Up to now, in addition to the sudden impact of last year's epidemic, the US stock market has been in a big bull market for 12 years. Even under the background of rising calls for water collection and obvious shocks in overseas markets, the three major indices continue to hit new highs.</p><p>But this time, compared with the past,<b>It is a more complicated macro environment, a higher inflation problem and a larger debt scale. If it is really the beginning of a water collection cycle, can US stocks still hold up as always?</b></p><p>Finance is the lowest influencing factors of market volatility, which are the economic and liquidity aspects.</p><p>On the economic side, although there are many side effects and big problems, on the whole, the strong economic recovery in the United States is the deterministic direction, and the continuous economic recovery will definitely gradually reflect the performance growth at the enterprise level, which is also the force supporting the stock price of enterprises.</p><p>The overall performance of U.S. stocks in the first quarter began to exceed expectations. The year-on-year growth rate of EPS in major industries such as automobiles, durable goods, retail, media, finance, healthcare, information technology and raw materials was very high. In addition to the low base caused by the impact of the epidemic last year, the rapid economic recovery also played a great role.</p><p><b>In the second quarter, the performance growth of companies in many industries continued to be stronger than expected.</b></p><p>Now, institutions' earnings consistency expectations for U.S. stocks in 2021 are as high as 38% (50% + in the first half of the year), and it is expected to return to the pre-epidemic level in 2022. Although the high growth rate brought by last year's low base will decline month by month from the second half of the year, the market expects that the profit growth rate in the third quarter will still be 24%, and the overall growth rate is still considerable.<b>Correspondingly, the current valuation of U.S. stocks does not seem too expensive.</b></p><p>Up to now, the P/E of the Dow Jones Industrial Average is 26.4 times, that of the Nasdaq is 40.3 times, and that of the S&P 500 is 27.2 times. Except for the Nasdaq, it is not expensive compared with other major markets on the whole.</p><p>Moreover, the current P/E of the major super giants with large weight is not high. Among the top 20 with the largest market value, except Tesla, the valuation of the rest is really low, which is beyond many people's expectations.</p><p><img src=\"https://static.tigerbbs.com/329eb3056a9b9f6a55ff253a1f0bf801\" tg-width=\"554\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p><p>In terms of liquidity, in fact, the US dollar, as the global currency anchor, even if it tightens liquidity slightly, is never a big problem for US stocks, because global funds will be replenished, which has happened countless times in the past. Unless the Federal Reserve wants to collect water by a large amount, the possibility of a sharp decline in U.S. stocks will be very small.</p><p>In the past year, there have been many macro risk events, and there have been many sharp corrections in the market. However, global funds still prefer the larger stock market, especially the US stock market, which has always been the top priority. In this case, even if there is a bubble in U.S. stocks, it is difficult to lose financial support, not to mention that the economic fundamental trend is not bad.</p><p><img src=\"https://static.tigerbbs.com/8a966f1e4c95f2e2355d57a28159ecb3\" tg-width=\"431\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p>(Differentiation of funds, stocks and bonds in the global market in 2021 Source: Kaiyuan Securities)</p><p>On the whole, good fundamentals, a still loose monetary environment, a decent valuation, and the preference of global funds are the underlying logic that US stocks have been easy to rise but difficult to fall.</p><p>Under the current trend, these underlying factors have not changed, so U.S. stocks may fall in the short term due to market sentiment, but if they want to fall sharply, they may not be big.</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>If the Federal Reserve wants to \"collect water\", will US stocks really fall? 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How much?\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\">2021-08-19 21:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A long-discussed taper issue has once again frightened global financial markets.</p><p>After the release of the minutes of the Federal Reserve's meeting, the accelerated decline of U.S. stocks at the end of last night triggered a huge shock in the global financial market, and commodities such as iron ore, energy and nonferrous metals plummeted across the board. Japan and South Korea stock markets followed the sharp fall this morning, Hong Kong stocks relay at midday in the afternoon, and then<b>In the afternoon, European stock markets also suffered, and almost none of the financial markets were spared.</b></p><p><img src=\"https://static.tigerbbs.com/d7c5fddb05c7caa94a3b1f6ec9c93df7\" tg-width=\"554\" tg-height=\"204\" referrerpolicy=\"no-referrer\"></p><p>In the published minutes of the Federal Reserve meeting, the Federal Reserve explicitly discussed Taper (tapering bond purchases) for the first time, and also set up a special chapter on \"discussing asset purchases\".</p><p><b>From civil discussions to official clarity for the first time and giving a more specific time, this signal has become the source of all panic.</b></p><p>It seems that it is a consensus conclusion that the water collection time is advanced, but the problem is that the Federal Reserve has been erratic on this issue many times. This time, can it really press this \"nuclear button\" that may have been changed long ago?</p><p><i><b>01</b></i><b>High-fever inflation</b></p><p>The Fed's minutes did not make any details, except that the price stability target and employment target were close to satisfactory levels. But as always, among members \"<b>Disagreements that still exist</b>\", the main problem is that many people still think\"<b>The rise in inflation is a temporary phenomenon</b>”。</p><p>To be honest, the Federal Reserve has been somewhat Keynesian lately and will \"<b>Full employment</b>\"In the first place, inflation data now seems to be a vassal.</p><p>The loose monetary policy, huge financial subsidies and recovering economy in the United States have continuously stimulated the growth of CPI. This indicator has broken through the threshold of 2% since March this year, and the year-on-year growth rate in June and July reached a historic high of 5.4%, showing signs of overheating economic recovery.</p><p><img src=\"https://static.tigerbbs.com/fed5b554b6bc3ec62446ff022141ee8c\" tg-width=\"444\" tg-height=\"217\" referrerpolicy=\"no-referrer\"></p><p>American people have long suffered from rising prices. Although many residents can still receive generous unemployment benefits, the prices of consumer goods such as meat, fruits and vegetables have soared wildly, making the purchasing power of bailout funds decline continuously.</p><p>Now, the 1.2 trillion infrastructure and 3.5 trillion US dollars budget spending plans passed by the Senate will continue to stimulate the price growth of infrastructure-related raw materials in the United States and even the world, which will lay the possibility for further inflation to rise in the future.</p><p>In fact, the shortage of supply is also reflected in PPI. In July, PPI rose by 7.8% year-on-year. The gap between PPI and CPI continued to widen, and corporate profits were compressed, which may be transmitted to consumer prices in the later period.</p><p>From this point of view<b>The pressure of inflation is still very great, and it may not fall back to the normal level as smoothly as expected. Judging from this aspect, the instability of CPI growth rate will not be good information for the economy and the stock market.</b></p><p>It stands to reason that if the inflation data is too high, the Federal Reserve should adopt austerity measures to control it, but the Federal Reserve has not given clear instructions for a long time. Instead, it keeps reassuring the market that \"rate hike is still far away\".</p><p>Behind this, in addition to the impact of the re-outbreak of Delta epidemic, it is also related to the fact that the current rise and fall of employment data has not been reassuring.</p><p><img src=\"https://static.tigerbbs.com/9e46fbe9106463d3d09556d36fbc3cd2\" tg-width=\"554\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p><p>But more importantly,<b>Strong medicine for serious illness is a high-risk treatment of last resort, and it is not a worry-free move to win. Now, the United States has supported the standing economic recovery through ultra-large-scale water release and \"taking strong medicine\". Although it has achieved great results, the sequelae are great, one is extremely dependent, and the other is that inflation is high and fever.</b></p><p>It is precisely because of this that the Federal Reserve has been erratic and hesitant in the consideration of collecting water. Because it knows that once the drug is stopped, the cost can be very high.</p><p><i><b>02</b></i><b>Is the economy really overheating?</b></p><p>In fact, the strength of the US economy is not strong enough to exceed the expectations of the Federal Reserve in some performances, and there are contradictions between different data.</p><p>First, the U.S. manufacturing industry has recovered steadily. In July, the manufacturing PMI recorded a new high of 63.40, exceeding expectations.</p><p><b>But the employment side of the Fed's biggest concern seems to have yet to hit its threshold.</b></p><p>Although the unemployment rate has dropped significantly since the beginning of the year, it has now dropped back to the level of 5.4%, which is better than the expected 5.7%, but there is still a certain distance from the 3-4% before the epidemic. In addition, in the week of August 12th, the number of first-time unemployment claims was 375,000, which is still a gap from the pre-pandemic average of 200,000.</p><p><img src=\"https://static.tigerbbs.com/93e549a63987d92ac38cbcdadb19aa84\" tg-width=\"340\" tg-height=\"224\" referrerpolicy=\"no-referrer\"></p><p>At the same time, the number of job vacancies is increasing, which shows that the increase of employment is not enough to supplement the demand for jobs, and the imbalance between supply and demand in the labor market is becoming increasingly serious.</p><p>The $1.9 trillion bailout bill Biden pushed in March didn't stop until September, and eligible residents could receive high relief payments. Some residents think of lying down to earn money, but of course they have no idea of finding a job, which to some extent inhibits the recovery of the local job market, makes the supply of enterprise products impossible, and the market supply and demand are still tight.</p><p><img src=\"https://static.tigerbbs.com/1df72758e634507d170c77cc7b60ecd1\" tg-width=\"406\" tg-height=\"267\" referrerpolicy=\"no-referrer\"></p><p>In addition, the consumption data has not yet met expectations. The U.S. Department of Commerce recently released the retail sales data for July, down 1.1% month-on-month, and the previous value was an increase of 0.6%.</p><p>With personal consumption spending accounting for about 70% of the U.S. economy, the data is closely watched by the market as a measure of the health of the overall economy. The weak growth of the data shows that U.S. consumption has not returned to the original and expected growth strength. If subsidies are stopped later, consumption may lose its growth momentum.</p><p><img src=\"https://static.tigerbbs.com/81c32bcf506c08d16090a67fb55ac030\" tg-width=\"473\" tg-height=\"272\" referrerpolicy=\"no-referrer\"></p><p>Since the pandemic, the scale of U.S. fiscal expenditure has been increasing. In fiscal 2021, the U.S. fiscal expenditure reached 7.7 trillion USD, and the expenditure was mainly spent on unemployment benefits, nutrition assistance and COVID-19 relief projects.</p><p>The Senate also recently passed Biden's $1.2 trillion infrastructure package and a 3.5 trillion budget plan focused on fighting poverty and improving the climate. If it is successfully approved by the House of Representatives in the later period, the high fiscal spending will rise again.</p><p>In fact, Biden's overall policy policy has not exceeded the Democratic Party's consistent philosophy. He still stimulates the economy through high fiscal expenditure, and the source of funds he relies on is through bond issuance and tax increase. If tax increases can't make up for the above-mentioned expenditure, they can only rely on bond issuance.</p><p>If the Federal Reserve keeps the interest rate low, it will be more conducive to the implementation of proactive fiscal policy.</p><p><img src=\"https://static.tigerbbs.com/6daf4374f269e5ac0784aed8157abc09\" tg-width=\"395\" tg-height=\"253\" referrerpolicy=\"no-referrer\"></p><p>According to research by West China Securities, the United States experienced four interest rate cut cycles from 1984 to 2015. In these four periods, the Federal Reserve faced a large economic downturn when it began to cut interest rates. Except for the period of 1984-1986, the last three periods experienced economic recession shortly after the interest rate cut. By the middle and late period of interest rate cut, the economy gradually recovered and regained its growth momentum.</p><p><img src=\"https://static.tigerbbs.com/879dbfed5c68d676a0a4d688b52dd2a9\" tg-width=\"429\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>According to the historical trajectory to this day, the rate hike of the United States should not come until the economy itself returns to a stable and normal growth rate, and the footsteps of rate hike will arrive. However, from the current performance (such as consumption and employment indicators), it may not be time to consider rate hike.</p><p><b>However, in the face of high inflation rate, it may be inevitable for the Federal Reserve to shift to an anti-inflation mode. The next employment data will be the key. If the unemployment rate drops to about 5%, taper will come quickly.</b></p><p><i><b>03</b></i><b>Will U.S. stocks plummet this time?</b></p><p>The topic of whether U.S. stocks will jump has been discussed countless times and slapped in the face countless times.</p><p>Up to now, in addition to the sudden impact of last year's epidemic, the US stock market has been in a big bull market for 12 years. Even under the background of rising calls for water collection and obvious shocks in overseas markets, the three major indices continue to hit new highs.</p><p>But this time, compared with the past,<b>It is a more complicated macro environment, a higher inflation problem and a larger debt scale. If it is really the beginning of a water collection cycle, can US stocks still hold up as always?</b></p><p>Finance is the lowest influencing factors of market volatility, which are the economic and liquidity aspects.</p><p>On the economic side, although there are many side effects and big problems, on the whole, the strong economic recovery in the United States is the deterministic direction, and the continuous economic recovery will definitely gradually reflect the performance growth at the enterprise level, which is also the force supporting the stock price of enterprises.</p><p>The overall performance of U.S. stocks in the first quarter began to exceed expectations. The year-on-year growth rate of EPS in major industries such as automobiles, durable goods, retail, media, finance, healthcare, information technology and raw materials was very high. In addition to the low base caused by the impact of the epidemic last year, the rapid economic recovery also played a great role.</p><p><b>In the second quarter, the performance growth of companies in many industries continued to be stronger than expected.</b></p><p>Now, institutions' earnings consistency expectations for U.S. stocks in 2021 are as high as 38% (50% + in the first half of the year), and it is expected to return to the pre-epidemic level in 2022. Although the high growth rate brought by last year's low base will decline month by month from the second half of the year, the market expects that the profit growth rate in the third quarter will still be 24%, and the overall growth rate is still considerable.<b>Correspondingly, the current valuation of U.S. stocks does not seem too expensive.</b></p><p>Up to now, the P/E of the Dow Jones Industrial Average is 26.4 times, that of the Nasdaq is 40.3 times, and that of the S&P 500 is 27.2 times. Except for the Nasdaq, it is not expensive compared with other major markets on the whole.</p><p>Moreover, the current P/E of the major super giants with large weight is not high. Among the top 20 with the largest market value, except Tesla, the valuation of the rest is really low, which is beyond many people's expectations.</p><p><img src=\"https://static.tigerbbs.com/329eb3056a9b9f6a55ff253a1f0bf801\" tg-width=\"554\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p><p>In terms of liquidity, in fact, the US dollar, as the global currency anchor, even if it tightens liquidity slightly, is never a big problem for US stocks, because global funds will be replenished, which has happened countless times in the past. Unless the Federal Reserve wants to collect water by a large amount, the possibility of a sharp decline in U.S. stocks will be very small.</p><p>In the past year, there have been many macro risk events, and there have been many sharp corrections in the market. However, global funds still prefer the larger stock market, especially the US stock market, which has always been the top priority. In this case, even if there is a bubble in U.S. stocks, it is difficult to lose financial support, not to mention that the economic fundamental trend is not bad.</p><p><img src=\"https://static.tigerbbs.com/8a966f1e4c95f2e2355d57a28159ecb3\" tg-width=\"431\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p>(Differentiation of funds, stocks and bonds in the global market in 2021 Source: Kaiyuan Securities)</p><p>On the whole, good fundamentals, a still loose monetary environment, a decent valuation, and the preference of global funds are the underlying logic that US stocks have been easy to rise but difficult to fall.</p><p>Under the current trend, these underlying factors have not changed, so U.S. stocks may fall in the short term due to market sentiment, but if they want to fall sharply, they may not be big.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.gelonghui.com/p/481954\">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/347452cc99fb488c45ccd900fcf3aa20","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.gelonghui.com/p/481954","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"1132455826","content_text":"一个讨论已久的taper问题，让全球金融市场再一次闻风丧胆。\n美联储的会议纪要公布后，美股昨晚尾盘的加速下探，进而引发全球金融市场巨震，连带铁矿、能源、有色等大宗商品全线暴跌。今天早上日韩股市跟随大跌，午后港股午盘接力，然后下午欧洲股市也跟着遭殃，全金融市场，几乎无一幸免。\n\n在公布的美联储会议纪要中，美联储首次明确讨论Taper（缩减购债），还在专门设了一个“讨论购买资产”的内容章节。\n从民间讨论，到官方首次明确，并给出更加具体的时间，这个信号几成为一切恐慌的来源。\n似乎收水时间提前已是共识性结论，但问题是，美联储在这个问题上已经多次态度飘忽不定，这一次，它真能不顾一切摁下这个可能早就改摁的“核按钮”吗？\n01高烧不退的通胀\n美联储的这个纪要并没有做出任何细节的决定，只是说就着价格稳定目标、就业目标方面已经接近让人满意的水平。但一如既往的，成员间“还存在的分歧”，主要问题在于很多人还是认为“通胀的上涨是暂时的现象”。\n说实在的，美联储最近有些坚守凯恩斯主义的意思，将“充分就业”放在了首位，通胀数据如今好像成了附庸。\n美国宽松的货币政策、巨量的财政补贴、复苏的经济不断刺激着CPI的增长，该指标自今年3月就突破2%的门槛，6、7月的同比增速更是到达了历史高位5.4%，经济呈现复苏过热的苗头。\n\n美国民众对着日益高涨的物价，早也苦不堪言，虽然还有很多居民可以领取丰厚的失业救助金，但生活消费品如肉类、水果、蔬菜等价格都出现疯狂飙升，让救助金的购买力不断下降。\n而如今参议院已通过的1.2万亿基建和3.5万亿美元的预算开支计划也还将持续不断地刺激着美国甚至全球基建相关的原材料价格的增长，这给未来通胀的进一步上涨埋下了可能。\n供应紧缺方面其实在PPI上也有体现，7月PPI同比上涨7.8%，PPI和CPI之间差距不断扩大，企业利润情况受到压缩，后期可能会传导至消费端价格。\n由此看来，通胀的压力还是很大的，不一定能和预期一样平稳回落至正常水平，从这方面判断，CPI增速的不稳定性对于经济和股市都将不是利好的信息。\n按理说通胀数据过高，美联储就应该采用紧缩措施进行控制，但美联储迟迟未给出明确指示。而是不断安抚市场说“距离加息还很遥远”。\n这背后，除了德尔塔疫情再爆发的影响，也与目前就业数据的涨跌尚未能让人放心有关。\n\n但更主要的，重病下猛药实为不得已的高风险疗法，并不是一招致胜就后顾无忧。现在美国通过超大规模放水“吃猛药”扶持起立的经济复苏，虽然有了极大的成效，但埋下的后遗症却是极大，一个是依赖性极强，另一个是通胀高烧不退。\n正是如此，美联储在收水的考虑上，才一直飘忽不定，犹豫不决。因为它深知一旦药停，代价可能非常大。\n02经济真的过热了吗？\n其实美国经济的强度在一些表现上还没强到超出美联储的预期，不同的数据之间存在着矛盾。\n首先是美国制造业稳健恢复，7月份制造业PMI录得新高63.40，超出预期。\n但美联储最关注的就业方面的情况好像还没有触及其门槛。\n虽然自年初以来失业率下降明显，现回落至5.4%的水平，优于预期5.7%，但是和疫情前的3-4%还是有一定的距离。另外8月12日当周，首次申请失业金人数为37.5万人，距离疫情前平均水平20万人还是有差距。\n\n同时，职位空缺的数量不断增大，这说明就业的增量还不足以补足岗位的需求，劳动力市场的供需不平衡的情况日益严重。\n而拜登3月推动的1.9万亿美元纾困法案至9月才停止，符合资格的居民可以领取高额的救济金。部分居民想着能躺着挣钱，当然对找工作没了想法，这就从某种程度上抑制了本土就业市场的恢复，使得企业产品的供应上不来，市场供需依旧紧张。\n\n此外，消费数据还没有达到预期，美国商务部日前公布7月零售销售数据，环比下降1.1%，，前值为增长0.6%。\n由于个人消费支出占美国经济总量的约70%，该数据作为衡量整体经济健康状况的指标受到市场密切关注。而数据的增长乏力，说明了美国消费还没有恢复原本的和预期的增长力度。后期如果停止了补助，消费可能会丧失增长动力。\n\n自疫情以来，美国财政支出规模不断增加，2021财年美国财政支出高达7.7万亿美元，支出主要用于失业救济、营养援助和新冠救援项目。\n参议院还在近日通过了拜登的1.2万亿美元的一揽子基建计划和主要致力于反贫困和改善气候环境3.5万亿的预算计划。若是在后期顺利通过众议院审核，那高额的财政支出又将拔高。\n实际上拜登的整体施政方针并没有超出民主党一贯的理念，依旧是通过高额的财政支出拉动经济，而其所依靠的资金来源就是通过发债及加税。如果加税没有办法弥补上述的支出金额，那只能又靠发债。\n而若美联储将利率保持较低利率，会更有利于积极财政政策实施。\n\n根据华西证券的研究，美国从1984年至2015年曾经历过四次降息周期。这四个时期，美联储开始降息时都面临着较大的经济下行。除了1984-1986这个时期，后面三个时期在降息不久后，都出现了经济衰退，而到降息中后期，经济逐渐得到恢复，重获增长动力。\n\n那用历史的轨迹推至今日，美国加息应该在经济自身恢复稳定正常的增速时，加息的脚步才会到来，而从现在的表现来说（比如消费、就业方面的指标）可能还没到达考虑加息的时刻。\n但面对高额的通胀率，美联储向抗通胀模式转向可能是不可避免，接下来的就业数据将是关键，若是失业率回落至5%左右，taper将会快速到来。\n03这一次美股会大跌吗？\n关于美股会不会蹦的话题，大家已经被讨论过了无数次，也被打脸了无数次。\n美股到现在为止，除了去年的疫情突发冲击，到如今已经长达12年的大牛市行情。即使是在收水呼声不断提升，海外市场明显震荡的背景下，三大指数依然不断创出新高。\n但这一次相比以往，是更复杂的宏观环境，更高的通胀问题以及更大的债务规模，如果真是一个收水周期的开始，美股还能一如既往扛得住吗？\n金融是市场的波动最底层的影响因素是经济面和流动性层面。\n在经济面，虽然一些副作用挺多问题也挺大，但总体上美国的经济强势复苏是确定性方向，经济不断复苏肯定会逐渐反应在企业层面的业绩增长，这也是支撑企业股价的力量。\n美股的一季度整体业绩就开始大超预期，包括汽车、耐用品、零售、媒体、金融、医疗保健、信息科技、原材料等主要行业的EPS同比增速都非常高，除了去年疫情冲击导致的低基数外，经济快速复苏也有很大作用。\n二季度，很多行业公司表现出来的业绩增长也继续维持超预期的强劲。\n现在机构对美股2021年的盈利一致性预期增速高达38%（上半年50%+），2022年有望回归疫情之前的水平。虽然下半年开始由去年低基数带来的高增速会逐月回落，但市场预期预计三季度盈利增速依然有24%，整体依然可观，对应下来，美股当下的估值并不显得太贵了。\n截止目前，美股道指的市盈率26.4倍，纳指40.3倍，标普500的指数27.2倍，除了纳指，总体上相对其他主要市场并不算贵。\n并且占据大权重的各大超级巨头目前的市盈率也并不高，市值最大的前top20中，除了特斯拉外，其余的估值真的还很低，超出很多人的意料。\n\n在流动性方面，实际上，美元的作为全球货币锚，即使是小幅度收紧流动性，其实对美股来说从来不是大问题，因为全球资金会回补，这个事情在过去发生过无数次了。除非美联储要超大幅度收水，否则美股出现大幅度下跌的可能性会非常小。\n近一年来的宏观风险事件非常多，市场也不乏大幅度回调，但全球的资金依然偏好更大的股市，尤其美股市场，一直是重中之重。这种情况下，美股就算有泡沫，也很难会失去资金支持，何况经济基本面趋势并不算差。\n\n（2021年全球市场资金股债流向分化    来源：开源证券）\n总体看，向好的基本面，加依然宽松的货币环境，加过得去的估值，加全球资金的偏好，这就是美股一直易涨难跌的底层逻辑。\n当前趋势下，这些底层因素还没有发生转变，所以美股可能受市场情绪影响短期下跌，但想要大跌下去的话，可能不会大。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":5053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174752907,"gmtCreate":1627144259409,"gmtModify":1703484779261,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574395209516109","idStr":"3574395209516109"},"themes":[],"title":"","htmlText":"QE lo","listText":"QE lo","text":"QE lo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174752907","repostId":"2153809933","repostType":4,"repost":{"id":"2153809933","kind":"highlight","pubTimestamp":1627105483,"share":"https://ttm.financial/m/news/2153809933?lang=en_US&edition=fundamental","pubTime":"2021-07-24 13:44","market":"us","language":"zh","title":"The Fed's Blockbuster July Meeting Hits Next Week! Those key points should be focused on?","url":"https://stock-news.laohu8.com/highlight/detail?id=2153809933","media":"智通财经网","summary":"美联储于7月27日和28日召开货币政策会议，虽然股市目前情绪还较乐观，它将在一种不安的气氛中开会。","content":"<p>The Federal Reserve holds its monetary policy meeting on July 27th and 28th. Although the stock market is still in a more optimistic mood, it will meet in an uneasy atmosphere. In addition to the urgent need for the market to know Powell's current attitude, more importantly, whether the Fed already has the details of its tapering policy.</p><p>In recent testimony before Congress, Fed Chairman Powell made it clear that he still believes inflationary pressures are largely temporary and that there is no urgent need to signal an impending shift in policy. After all, employment levels are still more than six million below what they were before the pandemic began, and the latest Covid pandemic has added another layer of uncertainty that can be used to justify inaction.</p><p>But ING strategists talked about the upcoming Jackson Hole Federal Reserve Conference at the end of August, where Fed officials will begin preparing for the tapering of their quantitative easing and refine it further at the FOMC meeting in September before making a formal announcement in December.</p><p>The economy is growing, though perhaps not as fast as some expected earlier this year. In addition, many businesses desperately need workers, but millions are still unemployed. Vaccination rates have stagnated in recent weeks and the number of infections has risen. Nevertheless, the Fed is facing tightening pressures, such as tapering QE. But most people still don't expect the Fed to announce any new measures at next week's meeting, but the focus is on whether Powell will \"put the details of tapering on the table\" for discussion.</p><p>Labor market signs suggest the Fed's easing is far from over. Economists and market watchers had hoped that by April, when vaccines were widely available and many economic restrictions began to lift, employers would start hiring workers in large numbers. However, the reality is far less optimistic. According to the latest data from the Bureau of Labor Statistics, non-farm growth has generally been unstable in recent months.</p><p>On the other hand, the current inflationary environment has forced the Federal Reserve to consider reducing some of the loose stimulus policies it has implemented. Three-month moving averages from the Federal Reserve Bank of Atlanta show that even though wages were 3.2% higher in June than a year earlier, inflation rose even higher. The consumer price index rose 5.4% in June compared to a year earlier, meaning inflation-adjusted incomes fell more than 2%. Even the Fed's favored Core personal consumption expenditure (Core PCE) measure, which strips out volatility in food and energy prices, rose 3.4% in May from a year earlier.</p><p>In fact, a month ago, the Fed raised its 2021 inflation forecast to 3% from 2.2% in March, but even that could be too optimistic. Inflation is likely to continue to rise for the rest of the year. However, the Fed may not be in a hurry to intervene. In a speech last August, Powell said the Fed had made too many mistakes in the past and that he was willing to let prices exceed the central bank's 2% target for a modest period of time before tightening.</p><p>Minutes from the Fed's latest meeting, though, show increased interest in discussing tapering bond purchases. The Fed is currently buying $120 billion worth of bonds each month, but a short-term rate hike could still be years away.</p><p>ING strategists believe that although the Fed is not expected to change policy at its July meeting, the market may hear more about tapering discussions that began in June. Discussion around the issue is likely to heat up at the Jackson Hole meeting in August, as the Fed's current signals still lean toward earlier policy normalization. Its reference to Chairman Powell may suggest that while discussions have begun about quantitative easing reduction, there is still plenty of time before they need to draw conclusions about the actions they will take.</p>","source":"highlight_zhitongcaijin","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 Fed's Blockbuster July Meeting Hits Next Week! Those key points should be focused on?</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 Fed's Blockbuster July Meeting Hits Next Week! Those key points should be focused on?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2021-07-24 13:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Federal Reserve holds its monetary policy meeting on July 27th and 28th. Although the stock market is still in a more optimistic mood, it will meet in an uneasy atmosphere. In addition to the urgent need for the market to know Powell's current attitude, more importantly, whether the Fed already has the details of its tapering policy.</p><p>In recent testimony before Congress, Fed Chairman Powell made it clear that he still believes inflationary pressures are largely temporary and that there is no urgent need to signal an impending shift in policy. After all, employment levels are still more than six million below what they were before the pandemic began, and the latest Covid pandemic has added another layer of uncertainty that can be used to justify inaction.</p><p>But ING strategists talked about the upcoming Jackson Hole Federal Reserve Conference at the end of August, where Fed officials will begin preparing for the tapering of their quantitative easing and refine it further at the FOMC meeting in September before making a formal announcement in December.</p><p>The economy is growing, though perhaps not as fast as some expected earlier this year. In addition, many businesses desperately need workers, but millions are still unemployed. Vaccination rates have stagnated in recent weeks and the number of infections has risen. Nevertheless, the Fed is facing tightening pressures, such as tapering QE. But most people still don't expect the Fed to announce any new measures at next week's meeting, but the focus is on whether Powell will \"put the details of tapering on the table\" for discussion.</p><p>Labor market signs suggest the Fed's easing is far from over. Economists and market watchers had hoped that by April, when vaccines were widely available and many economic restrictions began to lift, employers would start hiring workers in large numbers. However, the reality is far less optimistic. According to the latest data from the Bureau of Labor Statistics, non-farm growth has generally been unstable in recent months.</p><p>On the other hand, the current inflationary environment has forced the Federal Reserve to consider reducing some of the loose stimulus policies it has implemented. Three-month moving averages from the Federal Reserve Bank of Atlanta show that even though wages were 3.2% higher in June than a year earlier, inflation rose even higher. The consumer price index rose 5.4% in June compared to a year earlier, meaning inflation-adjusted incomes fell more than 2%. Even the Fed's favored Core personal consumption expenditure (Core PCE) measure, which strips out volatility in food and energy prices, rose 3.4% in May from a year earlier.</p><p>In fact, a month ago, the Fed raised its 2021 inflation forecast to 3% from 2.2% in March, but even that could be too optimistic. Inflation is likely to continue to rise for the rest of the year. However, the Fed may not be in a hurry to intervene. In a speech last August, Powell said the Fed had made too many mistakes in the past and that he was willing to let prices exceed the central bank's 2% target for a modest period of time before tightening.</p><p>Minutes from the Fed's latest meeting, though, show increased interest in discussing tapering bond purchases. The Fed is currently buying $120 billion worth of bonds each month, but a short-term rate hike could still be years away.</p><p>ING strategists believe that although the Fed is not expected to change policy at its July meeting, the market may hear more about tapering discussions that began in June. Discussion around the issue is likely to heat up at the Jackson Hole meeting in August, as the Fed's current signals still lean toward earlier policy normalization. Its reference to Chairman Powell may suggest that while discussions have begun about quantitative easing reduction, there is still plenty of time before they need to draw conclusions about the actions they will take.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/520599.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/98a01b74d12bd250d548a4cdbf0d9091","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","PSQ":"做空纳斯达克100指数ETF-ProShares","SPY":"标普500ETF","DOG":"道指ETF-ProShares做空",".DJI":"道琼斯","UDOW":"三倍做多道指30ETF-ProShares",".IXIC":"NASDAQ Composite","SSO":"2倍做多标普500ETF-ProShares",".SPX":"S&P 500 Index","SH":"做空标普500-Proshares","DDM":"2倍做多道指ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","QQQ":"纳指100ETF","SDOW":"三倍做空道指30ETF-ProShares","OEF":"标普100指数ETF-iShares","SQQQ":"纳指三倍做空ETF","TQQQ":"纳指三倍做多ETF","UPRO":"三倍做多标普500ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","DJX":"1/100道琼斯","OEX":"标普100","IVV":"标普500ETF-iShares"},"source_url":"http://www.zhitongcaijing.com/content/detail/520599.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2153809933","content_text":"美联储于7月27日和28日召开货币政策会议，虽然股市目前情绪还较乐观，它将在一种不安的气氛中开会。除了市场急需知道鲍威尔目前的态度，更重要的是美联储是否已经有了缩减政策细节。\n美联储主席鲍威尔最近在国会作证时明确表示，他仍然认为通胀压力在很大程度上是暂时的，没有任何迫切需要发出政策即将转变的信号。毕竟，就业水平仍比疫情开始前低600多万，而最新的新冠疫情增加了另一层不确定性，可以用来为不采取行动辩护。\n但是ING策略师谈到即将在8月底举行的杰克逊霍尔美联储会议(Jackson Hole Federal Reserve Conference)上，美联储官员将开始为缩减量化宽松做准备，并在9月份的FOMC会议上进一步细化，然后在12月份正式宣布。\n经济正在增长，尽管可能没有今年早些时候一些人预期的那么快。此外许多企业迫切需要工人，但仍有数百万人失业。最近几周，疫苗接种率停滞不前，感染病例数量上升。尽管如此美联储正面临着收紧压力，如缩减QE。但大部分人还是预计美联储不会在下周会议上宣布任何新举措，但焦点是鲍威尔是否会把缩减细节“摆上桌面”来讨论。\n劳动力市场迹象暗示美联储的宽松远没有结束。经济学家和市场观察人士曾希望，到4月份疫苗广泛普及、许多经济限制开始解除的时候，雇主将开始大批雇佣工人。然而，现实却远没有这么乐观。根据美国劳工统计局(Bureau of Labor Statistics)的最新数据显示非农增速在最近数月总体不是很稳定。\n另外一方面，当下通胀环境又让美联储不得不考虑缩减一些已经实施的宽松刺激政策。亚特兰大联邦储备银行的三个月移动平均数据显示，尽管6月份的工资比去年同期高出3.2%，但通货膨胀率却上升得更高。与去年同期相比，6月份消费者价格指数增长了5.4%，这意味着经通胀调整后的收入下降了2%以上。即便是美联储青睐的剔除食品和能源价格波动的核心个人消费支出(Core PCE)指标，5月份也较上年同期上涨了3.4%。\n事实上，一个月前，美联储将2021年的通胀预期从3月份的2.2%上调至3%，但即便如此也可能过于乐观。在今年余下的时间里，通胀可能会持续上升。不过，美联储也未必会不急于介入。在去年8月的一次讲话中，鲍威尔表示，美联储在过去犯了太多的错误，他愿意在收紧之前，让价格在一段适度的时间内超过央行2%的目标。\n不过，美联储最近一次会议的纪要显示，人们对讨论缩减债券购买规模的兴趣有所增加。美联储目前每月购买价值1200亿美元的债券，但短期加息可能仍需数年时间。\nING策略师认为尽管美联储预计在7月份的会议上不会改变政策，但市场可能会听到更多有关6月份开始的缩减购债讨论的消息。在8月份的杰克逊霍尔(Jackson Hole)会议上，围绕这一问题的讨论可能会升温，因为美联储目前发出的信号仍倾向于更早的政策正常化。其谈到鲍威尔主席可能会暗示，虽然有关缩减量化宽松的讨论已经开始，但在他们需要就他们将采取的行动得出结论之前，还有很多时间。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SDOW":0.9,"UDOW":0.9,"SH":0.9,"NQmain":0.9,"SQQQ":0.9,"PSQ":0.9,"TQQQ":0.9,"QID":0.9,"DOG":0.9,".SPX":0.9,"MNQmain":0.9,"DXD":0.9,"UPRO":0.9,"SPXU":0.9,"OEX":0.9,"QLD":0.9,".DJI":0.9,"SSO":0.9,".IXIC":0.9,"SPY":0.9,"DDM":0.9,"SDS":0.9,"OEF":0.9,"DJX":0.9,"ESmain":0.9,"QQQ":0.9,"IVV":0.9}},"isVote":1,"tweetType":1,"viewCount":5028,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144613177,"gmtCreate":1626278907699,"gmtModify":1703757101017,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574395209516109","idStr":"3574395209516109"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144613177","repostId":"1135388122","repostType":4,"isVote":1,"tweetType":1,"viewCount":4797,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145133308,"gmtCreate":1626194593804,"gmtModify":1703755379047,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574395209516109","idStr":"3574395209516109"},"themes":[],"title":"","htmlText":"Go to the moon","listText":"Go to the moon","text":"Go to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145133308","repostId":"2150889655","repostType":4,"isVote":1,"tweetType":1,"viewCount":3339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156722704,"gmtCreate":1625237758108,"gmtModify":1703739217264,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574395209516109","idStr":"3574395209516109"},"themes":[],"title":"","htmlText":"Yeah… take a rest","listText":"Yeah… take a rest","text":"Yeah… take a rest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/156722704","repostId":"1168133884","repostType":4,"repost":{"id":"1168133884","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":1625021330,"share":"https://ttm.financial/m/news/1168133884?lang=en_US&edition=fundamental","pubTime":"2021-06-30 10:48","market":"sh","language":"zh","title":"Reminder: U.S. stocks are closed all day on July 5th due to the U.S. Independence Day holiday","url":"https://stock-news.laohu8.com/highlight/detail?id=1168133884","media":"老虎资讯综合","summary":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月","content":"<p><b>Due to the U.S. Independence Day holiday, U.S. stocks will be closed for one day on July 5th (Monday), and trading will resume on July 6th (Tuesday).</b></p><p>Hong Kong shares, A shares, British shares, Australian shares and Singapore stock markets traded as usual.</p><p><b>Background Introduction:</b></p><p><b>Independence Day</b>Is the statutory national day of the United States, which is dated on July 4 each year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. America's Independence Day is as grand as religious and folk festivals. People clean their courtyards, decorate their homes and fly the national flag before the festival.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: U.S. stocks are closed all day on July 5th due to the U.S. Independence Day holiday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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\">\nReminder: U.S. stocks are closed all day on July 5th due to the U.S. Independence Day holiday\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-30 10:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Due to the U.S. Independence Day holiday, U.S. stocks will be closed for one day on July 5th (Monday), and trading will resume on July 6th (Tuesday).</b></p><p>Hong Kong shares, A shares, British shares, Australian shares and Singapore stock markets traded as usual.</p><p><b>Background Introduction:</b></p><p><b>Independence Day</b>Is the statutory national day of the United States, which is dated on July 4 each year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. America's Independence Day is as grand as religious and folk festivals. People clean their courtyards, decorate their homes and fly the national flag before the festival.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/21dd6adec6b29203b5bca22347419441","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168133884","content_text":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月4日大陆会议在费城正式通过《独立宣言》。美国的独立日，与宗教、民俗节日一样隆重，老百姓在节日前清洁院落，装饰家居，悬挂国旗。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4031,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159458414,"gmtCreate":1624977786238,"gmtModify":1703849372685,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574395209516109","idStr":"3574395209516109"},"themes":[],"title":"","htmlText":"Serious?runnnnnn","listText":"Serious?runnnnnn","text":"Serious?runnnnnn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159458414","repostId":"2147863837","repostType":4,"isVote":1,"tweetType":1,"viewCount":5076,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}