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JaycobWang
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2023-07-13
$Nasdaq100 Bear 3X ETF(SQQQ)$
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JaycobWang
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2023-05-01
Don't get anything 0 I think
JPMorgan Snaps up First Republic's Assets in U.S. Auction
(Reuters) - JPMorgan Chase & Co said on Monday it will buy most of First Republic Bank after U.S.
JPMorgan Snaps up First Republic's Assets in U.S. Auction
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JaycobWang
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2022-08-02
$Tiger Brokers(TIGR)$
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JaycobWang
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2021-09-04
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2021-09-04
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JaycobWang
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2021-09-01
What
Wall Street's subdued finish fails to detract from strong August
Zoom tumbles on faster-than-expected drop in demand Apple off lifetime high, as tech broadly weighs
Wall Street's subdued finish fails to detract from strong August
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JaycobWang
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2021-09-01
A
Blain: The Fed's Taper Is Going To Expose A Fundamentally Broken Market
“Anyone who claims to know the future of interest rates is certifiable.” The great Autumnal Bond Fu
Blain: The Fed's Taper Is Going To Expose A Fundamentally Broken Market
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JaycobWang
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2021-09-01
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JaycobWang
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2021-08-27
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2021-08-27
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href=\"https://ttm.financial/S/SQQQ\">$Nasdaq100 Bear 3X ETF(SQQQ)$ </a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/SQQQ\">$Nasdaq100 Bear 3X ETF(SQQQ)$ </a><v-v data-views=\"1\"></v-v>","text":"$Nasdaq100 Bear 3X ETF(SQQQ)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197518645133320","isVote":1,"tweetType":1,"viewCount":1444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947869927,"gmtCreate":1682927875869,"gmtModify":1682927880100,"author":{"id":"3584075709994552","authorId":"3584075709994552","name":"JaycobWang","avatar":"https://static.tigerbbs.com/26b59a0c5932d4e29584789d4111e676","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584075709994552","idStr":"3584075709994552"},"themes":[],"htmlText":"Don't get anything 0 I think","listText":"Don't get anything 0 I think","text":"Don't get anything 0 I think","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947869927","repostId":"2332259426","repostType":2,"repost":{"id":"2332259426","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1682954295,"share":"https://ttm.financial/m/news/2332259426?lang=en_US&edition=fundamental","pubTime":"2023-05-01 23:18","market":"us","language":"en","title":"JPMorgan Snaps up First Republic's Assets in U.S. Auction","url":"https://stock-news.laohu8.com/highlight/detail?id=2332259426","media":"Reuters","summary":"(Reuters) - JPMorgan Chase & Co said on Monday it will buy most of First Republic Bank after U.S. ","content":"<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase & Co </a> said on Monday it will buy most of <a href=\"https://laohu8.com/S/FRC\">First Republic Bank </a> after U.S. regulators seized the troubled bank over the weekend, marking the third major U.S. lender to fail in two months.</p><p style=\"text-align: start;\">Under the deal, which came after an auction, JPMorgan will pay $10.6 billion to the U.S. Federal Deposit Insurance Corp (FDIC) for most of the assets of the San Francisco-based bank, whose failure is the largest since Washington Mutual in 2008.</p><p>JPMorgan, already the biggest bank in the United States, has also entered into a loss-share agreement with the FDIC on single family, residential and commercial loans it bought, but will not take First Republic Bank's corporate debt or preferred stock.</p><p style=\"text-align: start;\">The deal allows for an orderly failure of First Republic and avoids regulators having to insure all the bank's deposits, as they had to do when two others collapsed in March.</p><p>First Republic disclosed last week that it had suffered more than $100 billion in outflows in the first quarter and was exploring options, increasing stress in the banking sector.</p><p style=\"text-align: start;\">Global banking has been rocked by the closure of Silicon Valley Bank and Signature Bank in March, while Switzerland's Credit Suisse (CS) had to be rescued by rival UBS (UBS).</p><p style=\"text-align: start;\">First Republic shares tumbled 43.3% in premarket trading on Monday before they were halted. The bank's stock has lost 97% of its value this year. JPMorgan shares rose 2.7%.</p><p style=\"text-align: start;\">"When it was just SVB, it was easy to blame management. However, now that we see the pattern it is evident that the Fed has moved too far, too fast and is breaking things," said Thomas J. Hayes, Chairman and Managing Member, Great Hill Capital.</p><p style=\"text-align: start;\">The U.S. Federal Reserve has been persistently raising its benchmark interest rate since last year, despite calls for a pause after the banking turmoil in March.</p><p>Investors have priced in a 90% chance of another 25 basis point rate hike after the central bank's two-day policy meeting on Wednesday, according to CME Group's FedWatch tool.</p><p style=\"text-align: start;\">JPMorgan was one of several interested buyers including <a href=\"https://laohu8.com/S/PNC\">PNC Financial Services Group </a>, and <a href=\"https://laohu8.com/S/CFG\">Citizens Financial Group Inc </a>, which submitted final bids on Sunday in an auction by U.S. regulators, sources familiar with the matter said.</p><p style=\"text-align: start;\">PNC shares were 2.5% lower in premarket trading.</p><h2 style=\"text-align: start;\">STEPPING UP</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a2ba5c1818072e587a55eac7b89bd3e7\" alt=\"A security guard stands outside a First Republic Bank branch in San Francisco, California, U.S. April 28, 2023. REUTERS/Loren Elliott\" title=\"A security guard stands outside a First Republic Bank branch in San Francisco, California, U.S. April 28, 2023. REUTERS/Loren Elliott\" tg-width=\"5000\" tg-height=\"3334\"/><span>A security guard stands outside a First Republic Bank branch in San Francisco, California, U.S. April 28, 2023. REUTERS/Loren Elliott</span></p><p style=\"text-align: start;\">The California Department of Financial Protection and Innovation said it had taken possession of First Republic and the FDIC would act as its receiver.</p><p style=\"text-align: start;\">The FDIC estimated in a statement that the cost to the Deposit Insurance Fund (DIF) would be about $13 billion. The final cost will be known when the FDIC ends the receivership.</p><p style=\"text-align: start;\">The U.S. Treasury Department welcomed the resolution, saying it was done at "least cost" to the DIF.</p><p style=\"text-align: start;\">JPMorgan has assumed all of the bank's deposits, it said, and will repay $25 billion of the $30 billion big banks deposited with First Republic in March. New York-based JPMorgan will take on $173 billion of loans, $30 billion of securities and $92 billion of deposits.</p><p style=\"text-align: start;\">The acquired businesses will be overseen by JPMorgan's Consumer and Community Banking (CCB) Co-CEOs, Marianne Lake and Jennifer Piepszak, it said in a statement.</p><p style=\"text-align: start;\">The rescue comes less than two months after a deposit flight from U.S. lenders forced the Fed to step in with emergency measures to stabilize markets. Those failures came after crypto-focused Silvergate voluntarily liquidated.</p><p style=\"text-align: start;\">"Our government invited us and others to step up, and we did," said Jamie Dimon, JPMorgan Chairman and CEO.</p><p style=\"text-align: start;\">"Our financial strength, capabilities and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund."</p><p style=\"text-align: start;\">JPMorgan said it expected to achieve a one-time, post-tax gain of approximately $2.6 billion after the deal which did not reflect an estimated $2 billion dollars of post-tax restructuring costs likely over the next 18 months.</p><p style=\"text-align: start;\">It said the bank would be "very well-capitalized" with a common equity tier one (CET1) ratio consistent with its 13.5% first quarter 2024 target and keep healthy liquidity buffers.</p><p style=\"text-align: start;\">The failed bank's 84 offices in eight states will reopen as branches of JPMorgan Chase Bank from Monday, it added</p><p style=\"text-align: start;\">JPMorgan has been on a buying spree since 2021, acquiring more than 30 companies in deals totaling more than $5 billion.</p><p style=\"text-align: start;\">U.S. regulators have been slow to approve large bank deals in recent years, while the Biden administration has also cracked down on anti-competitive practices.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Snaps up First Republic's Assets in U.S. Auction</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Snaps up First Republic's Assets in U.S. Auction\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-05-01 23:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase & Co </a> said on Monday it will buy most of <a href=\"https://laohu8.com/S/FRC\">First Republic Bank </a> after U.S. regulators seized the troubled bank over the weekend, marking the third major U.S. lender to fail in two months.</p><p style=\"text-align: start;\">Under the deal, which came after an auction, JPMorgan will pay $10.6 billion to the U.S. Federal Deposit Insurance Corp (FDIC) for most of the assets of the San Francisco-based bank, whose failure is the largest since Washington Mutual in 2008.</p><p>JPMorgan, already the biggest bank in the United States, has also entered into a loss-share agreement with the FDIC on single family, residential and commercial loans it bought, but will not take First Republic Bank's corporate debt or preferred stock.</p><p style=\"text-align: start;\">The deal allows for an orderly failure of First Republic and avoids regulators having to insure all the bank's deposits, as they had to do when two others collapsed in March.</p><p>First Republic disclosed last week that it had suffered more than $100 billion in outflows in the first quarter and was exploring options, increasing stress in the banking sector.</p><p style=\"text-align: start;\">Global banking has been rocked by the closure of Silicon Valley Bank and Signature Bank in March, while Switzerland's Credit Suisse (CS) had to be rescued by rival UBS (UBS).</p><p style=\"text-align: start;\">First Republic shares tumbled 43.3% in premarket trading on Monday before they were halted. The bank's stock has lost 97% of its value this year. JPMorgan shares rose 2.7%.</p><p style=\"text-align: start;\">"When it was just SVB, it was easy to blame management. However, now that we see the pattern it is evident that the Fed has moved too far, too fast and is breaking things," said Thomas J. Hayes, Chairman and Managing Member, Great Hill Capital.</p><p style=\"text-align: start;\">The U.S. Federal Reserve has been persistently raising its benchmark interest rate since last year, despite calls for a pause after the banking turmoil in March.</p><p>Investors have priced in a 90% chance of another 25 basis point rate hike after the central bank's two-day policy meeting on Wednesday, according to CME Group's FedWatch tool.</p><p style=\"text-align: start;\">JPMorgan was one of several interested buyers including <a href=\"https://laohu8.com/S/PNC\">PNC Financial Services Group </a>, and <a href=\"https://laohu8.com/S/CFG\">Citizens Financial Group Inc </a>, which submitted final bids on Sunday in an auction by U.S. regulators, sources familiar with the matter said.</p><p style=\"text-align: start;\">PNC shares were 2.5% lower in premarket trading.</p><h2 style=\"text-align: start;\">STEPPING UP</h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a2ba5c1818072e587a55eac7b89bd3e7\" alt=\"A security guard stands outside a First Republic Bank branch in San Francisco, California, U.S. April 28, 2023. REUTERS/Loren Elliott\" title=\"A security guard stands outside a First Republic Bank branch in San Francisco, California, U.S. April 28, 2023. REUTERS/Loren Elliott\" tg-width=\"5000\" tg-height=\"3334\"/><span>A security guard stands outside a First Republic Bank branch in San Francisco, California, U.S. April 28, 2023. REUTERS/Loren Elliott</span></p><p style=\"text-align: start;\">The California Department of Financial Protection and Innovation said it had taken possession of First Republic and the FDIC would act as its receiver.</p><p style=\"text-align: start;\">The FDIC estimated in a statement that the cost to the Deposit Insurance Fund (DIF) would be about $13 billion. The final cost will be known when the FDIC ends the receivership.</p><p style=\"text-align: start;\">The U.S. Treasury Department welcomed the resolution, saying it was done at "least cost" to the DIF.</p><p style=\"text-align: start;\">JPMorgan has assumed all of the bank's deposits, it said, and will repay $25 billion of the $30 billion big banks deposited with First Republic in March. New York-based JPMorgan will take on $173 billion of loans, $30 billion of securities and $92 billion of deposits.</p><p style=\"text-align: start;\">The acquired businesses will be overseen by JPMorgan's Consumer and Community Banking (CCB) Co-CEOs, Marianne Lake and Jennifer Piepszak, it said in a statement.</p><p style=\"text-align: start;\">The rescue comes less than two months after a deposit flight from U.S. lenders forced the Fed to step in with emergency measures to stabilize markets. Those failures came after crypto-focused Silvergate voluntarily liquidated.</p><p style=\"text-align: start;\">"Our government invited us and others to step up, and we did," said Jamie Dimon, JPMorgan Chairman and CEO.</p><p style=\"text-align: start;\">"Our financial strength, capabilities and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund."</p><p style=\"text-align: start;\">JPMorgan said it expected to achieve a one-time, post-tax gain of approximately $2.6 billion after the deal which did not reflect an estimated $2 billion dollars of post-tax restructuring costs likely over the next 18 months.</p><p style=\"text-align: start;\">It said the bank would be "very well-capitalized" with a common equity tier one (CET1) ratio consistent with its 13.5% first quarter 2024 target and keep healthy liquidity buffers.</p><p style=\"text-align: start;\">The failed bank's 84 offices in eight states will reopen as branches of JPMorgan Chase Bank from Monday, it added</p><p style=\"text-align: start;\">JPMorgan has been on a buying spree since 2021, acquiring more than 30 companies in deals totaling more than $5 billion.</p><p style=\"text-align: start;\">U.S. regulators have been slow to approve large bank deals in recent years, while the Biden administration has also cracked down on anti-competitive practices.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2332259426","content_text":"(Reuters) - JPMorgan Chase & Co said on Monday it will buy most of First Republic Bank after U.S. regulators seized the troubled bank over the weekend, marking the third major U.S. lender to fail in two months.Under the deal, which came after an auction, JPMorgan will pay $10.6 billion to the U.S. Federal Deposit Insurance Corp (FDIC) for most of the assets of the San Francisco-based bank, whose failure is the largest since Washington Mutual in 2008.JPMorgan, already the biggest bank in the United States, has also entered into a loss-share agreement with the FDIC on single family, residential and commercial loans it bought, but will not take First Republic Bank's corporate debt or preferred stock.The deal allows for an orderly failure of First Republic and avoids regulators having to insure all the bank's deposits, as they had to do when two others collapsed in March.First Republic disclosed last week that it had suffered more than $100 billion in outflows in the first quarter and was exploring options, increasing stress in the banking sector.Global banking has been rocked by the closure of Silicon Valley Bank and Signature Bank in March, while Switzerland's Credit Suisse (CS) had to be rescued by rival UBS (UBS).First Republic shares tumbled 43.3% in premarket trading on Monday before they were halted. The bank's stock has lost 97% of its value this year. JPMorgan shares rose 2.7%.\"When it was just SVB, it was easy to blame management. However, now that we see the pattern it is evident that the Fed has moved too far, too fast and is breaking things,\" said Thomas J. Hayes, Chairman and Managing Member, Great Hill Capital.The U.S. Federal Reserve has been persistently raising its benchmark interest rate since last year, despite calls for a pause after the banking turmoil in March.Investors have priced in a 90% chance of another 25 basis point rate hike after the central bank's two-day policy meeting on Wednesday, according to CME Group's FedWatch tool.JPMorgan was one of several interested buyers including PNC Financial Services Group , and Citizens Financial Group Inc , which submitted final bids on Sunday in an auction by U.S. regulators, sources familiar with the matter said.PNC shares were 2.5% lower in premarket trading.STEPPING UPA security guard stands outside a First Republic Bank branch in San Francisco, California, U.S. April 28, 2023. REUTERS/Loren ElliottThe California Department of Financial Protection and Innovation said it had taken possession of First Republic and the FDIC would act as its receiver.The FDIC estimated in a statement that the cost to the Deposit Insurance Fund (DIF) would be about $13 billion. The final cost will be known when the FDIC ends the receivership.The U.S. Treasury Department welcomed the resolution, saying it was done at \"least cost\" to the DIF.JPMorgan has assumed all of the bank's deposits, it said, and will repay $25 billion of the $30 billion big banks deposited with First Republic in March. New York-based JPMorgan will take on $173 billion of loans, $30 billion of securities and $92 billion of deposits.The acquired businesses will be overseen by JPMorgan's Consumer and Community Banking (CCB) Co-CEOs, Marianne Lake and Jennifer Piepszak, it said in a statement.The rescue comes less than two months after a deposit flight from U.S. lenders forced the Fed to step in with emergency measures to stabilize markets. Those failures came after crypto-focused Silvergate voluntarily liquidated.\"Our government invited us and others to step up, and we did,\" said Jamie Dimon, JPMorgan Chairman and CEO.\"Our financial strength, capabilities and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund.\"JPMorgan said it expected to achieve a one-time, post-tax gain of approximately $2.6 billion after the deal which did not reflect an estimated $2 billion dollars of post-tax restructuring costs likely over the next 18 months.It said the bank would be \"very well-capitalized\" with a common equity tier one (CET1) ratio consistent with its 13.5% first quarter 2024 target and keep healthy liquidity buffers.The failed bank's 84 offices in eight states will reopen as branches of JPMorgan Chase Bank from Monday, it addedJPMorgan has been on a buying spree since 2021, acquiring more than 30 companies in deals totaling more than $5 billion.U.S. regulators have been slow to approve large bank deals in recent years, while the Biden administration has also cracked down on anti-competitive practices.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2811,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908612728,"gmtCreate":1659375344464,"gmtModify":1705979640934,"author":{"id":"3584075709994552","authorId":"3584075709994552","name":"JaycobWang","avatar":"https://static.tigerbbs.com/26b59a0c5932d4e29584789d4111e676","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584075709994552","idStr":"3584075709994552"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a> 🐥","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a> 🐥","text":"$Tiger Brokers(TIGR)$ 🐥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908612728","isVote":1,"tweetType":1,"viewCount":2058,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814393686,"gmtCreate":1630757551645,"gmtModify":1676530391027,"author":{"id":"3584075709994552","authorId":"3584075709994552","name":"JaycobWang","avatar":"https://static.tigerbbs.com/26b59a0c5932d4e29584789d4111e676","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584075709994552","idStr":"3584075709994552"},"themes":[],"htmlText":"Awsome ","listText":"Awsome ","text":"Awsome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/814393686","repostId":"1196145266","repostType":4,"isVote":1,"tweetType":1,"viewCount":1844,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814393143,"gmtCreate":1630757525482,"gmtModify":1676530391027,"author":{"id":"3584075709994552","authorId":"3584075709994552","name":"JaycobWang","avatar":"https://static.tigerbbs.com/26b59a0c5932d4e29584789d4111e676","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584075709994552","idStr":"3584075709994552"},"themes":[],"htmlText":"Dhnsbbs","listText":"Dhnsbbs","text":"Dhnsbbs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/814393143","repostId":"1194566233","repostType":4,"isVote":1,"tweetType":1,"viewCount":1623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816043292,"gmtCreate":1630457446716,"gmtModify":1676530307482,"author":{"id":"3584075709994552","authorId":"3584075709994552","name":"JaycobWang","avatar":"https://static.tigerbbs.com/26b59a0c5932d4e29584789d4111e676","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584075709994552","idStr":"3584075709994552"},"themes":[],"htmlText":"What ","listText":"What ","text":"What","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/816043292","repostId":"2164869989","repostType":4,"repost":{"id":"2164869989","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1630442091,"share":"https://ttm.financial/m/news/2164869989?lang=en_US&edition=fundamental","pubTime":"2021-09-01 04:34","market":"us","language":"en","title":"Wall Street's subdued finish fails to detract from strong August","url":"https://stock-news.laohu8.com/highlight/detail?id=2164869989","media":"Reuters","summary":"Zoom tumbles on faster-than-expected drop in demand\nApple off lifetime high, as tech broadly weighs\n","content":"<ul>\n <li><a href=\"https://laohu8.com/S/ZM\">Zoom</a> tumbles on faster-than-expected drop in demand</li>\n <li>Apple off lifetime high, as tech broadly weighs</li>\n <li>Indexes down: Dow 0.11%, S&P 0.13%, Nasdaq 0.04%</li>\n <li>All main indexes post solid monthly performances</li>\n</ul>\n<p>Aug 31 (Reuters) - Wall Street finished marginally lower on Tuesday, although the slightly subdued ending to August failed to detract from a strong monthly performance by its three main indexes, in what is traditionally regarded as a quiet period for equities.</p>\n<p>Having all posted lifetime highs in the second half of the month, including four record closings in five sessions for the S&P 500 prior to Tuesday, the three benchmarks were weighed by technology stocks on the final day.</p>\n<p>For the S&P, which rose 2.9% in August, it was a seventh straight month of gains, while the Dow and the Nasdaq advanced 1.2% and 4%, respectively, since the end of July.</p>\n<p>The performance reflects the level of investor confidence in U.S. equities derived from the Federal Reserve's continued dovish tone toward tapering its massive stimulus program.</p>\n<p>\"After all the monetary and fiscal interventions, the question is where do we go from here? Does the S&P go to 5,000, and how does it get there?\" said Eric Metz, chief executive officer of SpringRock Advisors.</p>\n<p>While a strong recovery in economic growth and corporate earnings have boosted U.S. stocks, investors are concerned about rising coronavirus cases and the path of Fed policy.</p>\n<p>U.S. consumer confidence fell to a six-month low in August, according to survey data from the Conference Board on Tuesday, offering a cautious note for the economic outlook.</p>\n<p>A Reuters poll last week showed strategists believe the S&P 500 is likely to end 2021 not far from its current level.</p>\n<p>\"Where's leadership going to come from, for equities to power higher? Is it earnings growth, is it growth versus value, technology or energy? This needs to be defined, but I think the next leg-up for equities will be sector driven,\" Metz added.</p>\n<p>Technology stocks have continued to garner interest from investors in recent days, given the benefits which lower rates have on their future earnings, although the sector's index</p>\n<p>was among the worst performers on Tuesday.</p>\n<p>Shares of Apple fell 0.8% after hitting a lifetime high in the previous session, while Zoom Video Communications Inc tumbled 16.7% as it signaled a faster-than-expected easing in demand for its video-conferencing service after a pandemic-driven boom.</p>\n<p>Seven of the 11 major S&P sectors retreated. Among those that did not were the real estate and the communications services indexes, which closed at record highs.</p>\n<p>On Tuesday, the Dow Jones Industrial Average fell 39.11 points, or 0.11%, to 35,360.73, the S&P 500 lost 6.11 points, or 0.13%, to 4,522.68 and the Nasdaq Composite dropped 6.66 points, or 0.04%, to 15,259.24.</p>\n<p>Kansas City Southern dropped 4.4% in afternoon trading after the U.S. rail regulator rejected a voting trust structure that would have allowed Canadian National Railway Co to proceed with its $29 billion proposed acquisition of its U.S. peer.</p>\n<p>Volume on U.S. exchanges was 9.84 billion shares, compared with the 8.98 billion average for the full session over the last 20 trading days.</p>\n<p>The S&P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 119 new highs and 23 new lows.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)</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>Wall Street's subdued finish fails to detract from strong August</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street's subdued finish fails to detract from strong August\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-01 04:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li><a href=\"https://laohu8.com/S/ZM\">Zoom</a> tumbles on faster-than-expected drop in demand</li>\n <li>Apple off lifetime high, as tech broadly weighs</li>\n <li>Indexes down: Dow 0.11%, S&P 0.13%, Nasdaq 0.04%</li>\n <li>All main indexes post solid monthly performances</li>\n</ul>\n<p>Aug 31 (Reuters) - Wall Street finished marginally lower on Tuesday, although the slightly subdued ending to August failed to detract from a strong monthly performance by its three main indexes, in what is traditionally regarded as a quiet period for equities.</p>\n<p>Having all posted lifetime highs in the second half of the month, including four record closings in five sessions for the S&P 500 prior to Tuesday, the three benchmarks were weighed by technology stocks on the final day.</p>\n<p>For the S&P, which rose 2.9% in August, it was a seventh straight month of gains, while the Dow and the Nasdaq advanced 1.2% and 4%, respectively, since the end of July.</p>\n<p>The performance reflects the level of investor confidence in U.S. equities derived from the Federal Reserve's continued dovish tone toward tapering its massive stimulus program.</p>\n<p>\"After all the monetary and fiscal interventions, the question is where do we go from here? Does the S&P go to 5,000, and how does it get there?\" said Eric Metz, chief executive officer of SpringRock Advisors.</p>\n<p>While a strong recovery in economic growth and corporate earnings have boosted U.S. stocks, investors are concerned about rising coronavirus cases and the path of Fed policy.</p>\n<p>U.S. consumer confidence fell to a six-month low in August, according to survey data from the Conference Board on Tuesday, offering a cautious note for the economic outlook.</p>\n<p>A Reuters poll last week showed strategists believe the S&P 500 is likely to end 2021 not far from its current level.</p>\n<p>\"Where's leadership going to come from, for equities to power higher? Is it earnings growth, is it growth versus value, technology or energy? This needs to be defined, but I think the next leg-up for equities will be sector driven,\" Metz added.</p>\n<p>Technology stocks have continued to garner interest from investors in recent days, given the benefits which lower rates have on their future earnings, although the sector's index</p>\n<p>was among the worst performers on Tuesday.</p>\n<p>Shares of Apple fell 0.8% after hitting a lifetime high in the previous session, while Zoom Video Communications Inc tumbled 16.7% as it signaled a faster-than-expected easing in demand for its video-conferencing service after a pandemic-driven boom.</p>\n<p>Seven of the 11 major S&P sectors retreated. Among those that did not were the real estate and the communications services indexes, which closed at record highs.</p>\n<p>On Tuesday, the Dow Jones Industrial Average fell 39.11 points, or 0.11%, to 35,360.73, the S&P 500 lost 6.11 points, or 0.13%, to 4,522.68 and the Nasdaq Composite dropped 6.66 points, or 0.04%, to 15,259.24.</p>\n<p>Kansas City Southern dropped 4.4% in afternoon trading after the U.S. rail regulator rejected a voting trust structure that would have allowed Canadian National Railway Co to proceed with its $29 billion proposed acquisition of its U.S. peer.</p>\n<p>Volume on U.S. exchanges was 9.84 billion shares, compared with the 8.98 billion average for the full session over the last 20 trading days.</p>\n<p>The S&P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 119 new highs and 23 new lows.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","TQQQ":"纳指三倍做多ETF","OEF":"标普100指数ETF-iShares","DDM":"2倍做多道指ETF-ProShares",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SDOW":"三倍做空道指30ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","DOG":"道指ETF-ProShares做空",".DJI":"道琼斯","SDS":"两倍做空标普500 ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","OEX":"标普100","UDOW":"三倍做多道指30ETF-ProShares","DJX":"1/100道琼斯","UPRO":"三倍做多标普500ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","IVV":"标普500ETF-iShares","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164869989","content_text":"Zoom tumbles on faster-than-expected drop in demand\nApple off lifetime high, as tech broadly weighs\nIndexes down: Dow 0.11%, S&P 0.13%, Nasdaq 0.04%\nAll main indexes post solid monthly performances\n\nAug 31 (Reuters) - Wall Street finished marginally lower on Tuesday, although the slightly subdued ending to August failed to detract from a strong monthly performance by its three main indexes, in what is traditionally regarded as a quiet period for equities.\nHaving all posted lifetime highs in the second half of the month, including four record closings in five sessions for the S&P 500 prior to Tuesday, the three benchmarks were weighed by technology stocks on the final day.\nFor the S&P, which rose 2.9% in August, it was a seventh straight month of gains, while the Dow and the Nasdaq advanced 1.2% and 4%, respectively, since the end of July.\nThe performance reflects the level of investor confidence in U.S. equities derived from the Federal Reserve's continued dovish tone toward tapering its massive stimulus program.\n\"After all the monetary and fiscal interventions, the question is where do we go from here? Does the S&P go to 5,000, and how does it get there?\" said Eric Metz, chief executive officer of SpringRock Advisors.\nWhile a strong recovery in economic growth and corporate earnings have boosted U.S. stocks, investors are concerned about rising coronavirus cases and the path of Fed policy.\nU.S. consumer confidence fell to a six-month low in August, according to survey data from the Conference Board on Tuesday, offering a cautious note for the economic outlook.\nA Reuters poll last week showed strategists believe the S&P 500 is likely to end 2021 not far from its current level.\n\"Where's leadership going to come from, for equities to power higher? Is it earnings growth, is it growth versus value, technology or energy? This needs to be defined, but I think the next leg-up for equities will be sector driven,\" Metz added.\nTechnology stocks have continued to garner interest from investors in recent days, given the benefits which lower rates have on their future earnings, although the sector's index\nwas among the worst performers on Tuesday.\nShares of Apple fell 0.8% after hitting a lifetime high in the previous session, while Zoom Video Communications Inc tumbled 16.7% as it signaled a faster-than-expected easing in demand for its video-conferencing service after a pandemic-driven boom.\nSeven of the 11 major S&P sectors retreated. Among those that did not were the real estate and the communications services indexes, which closed at record highs.\nOn Tuesday, the Dow Jones Industrial Average fell 39.11 points, or 0.11%, to 35,360.73, the S&P 500 lost 6.11 points, or 0.13%, to 4,522.68 and the Nasdaq Composite dropped 6.66 points, or 0.04%, to 15,259.24.\nKansas City Southern dropped 4.4% in afternoon trading after the U.S. rail regulator rejected a voting trust structure that would have allowed Canadian National Railway Co to proceed with its $29 billion proposed acquisition of its U.S. peer.\nVolume on U.S. exchanges was 9.84 billion shares, compared with the 8.98 billion average for the full session over the last 20 trading days.\nThe S&P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 119 new highs and 23 new lows.\n(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"QQQ":0.9,"QID":0.9,"DOG":0.9,"SSO":0.9,"OEX":0.9,"TQQQ":0.9,"UDOW":0.9,"DXD":0.9,"PSQ":0.9,"UPRO":0.9,"NQmain":0.9,"ESmain":0.9,"QLD":0.9,"OEF":0.9,"DDM":0.9,".SPX":0.9,"SH":0.9,".IXIC":0.9,"SDOW":0.9,"SPXU":0.9,"DJX":0.9,"MNQmain":0.9,"SDS":0.9,"IVV":0.9,".DJI":0.9,"SQQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":3064,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816043046,"gmtCreate":1630457419085,"gmtModify":1676530307474,"author":{"id":"3584075709994552","authorId":"3584075709994552","name":"JaycobWang","avatar":"https://static.tigerbbs.com/26b59a0c5932d4e29584789d4111e676","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584075709994552","idStr":"3584075709994552"},"themes":[],"htmlText":"A","listText":"A","text":"A","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816043046","repostId":"1134087724","repostType":4,"repost":{"id":"1134087724","kind":"news","pubTimestamp":1630456882,"share":"https://ttm.financial/m/news/1134087724?lang=en_US&edition=fundamental","pubTime":"2021-09-01 08:41","market":"us","language":"en","title":"Blain: The Fed's Taper Is Going To Expose A Fundamentally Broken Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1134087724","media":"zerohedge","summary":"“Anyone who claims to know the future of interest rates is certifiable.”\n\nThe great Autumnal Bond Fu","content":"<blockquote>\n <i>“Anyone who claims to know the future of interest rates is certifiable.”</i>\n</blockquote>\n<p><i>The great Autumnal Bond Funding Season is upon us, but the looming taper of Central Bank Asset Purchase Schemes could well expose just how broken and dysfunctional bond markets have become. Markets always over-react to stress and panics, but when markets struggle with price discovery and liquidity, the coming sell off could be magnified, which means a great buying opportunity in bonds may be coming!</i></p>\n<p>There is lots to worry about this morning – the consequences of the Afghan Skedaddle on perceptions of the US, the inflation threats central banks wish us to believe are “transitory”, Hurricane Ida’s trail of insurance claims, the rising backlash against ESG, and the apparent emergence of a new SuperCovid variant that’s more infectious…</p>\n<p>Instead..<i>this morning let’s think about the bond market, because in the bond market there is always truth</i>… It’s still August (for a few more hours at least) but today marks the start of the 2021 Bond Market Autumn Steeplechase. With bond yields still falling despite taper talk and record stock market levels – it promises to be a fascinating season.</p>\n<p>The September funding Boom is a traditional feature of the Eurobond market year. It’s when all the banks and bankers realise year-end is approaching and get desperate for fees from business closed, pushing their capabilities by being seen to do deals and rise up the league tables. Smart corporate treasurers will be dangling mandates for deals in front of their bankers – knowing this is the best time to get the finest and tightest terms because this when their bankers are most desperate. The result is we’ll see a deluge of new bond supply.</p>\n<p>Normally, the funding orgy lasts a couple of weeks before investors start to gag on a succession of too tightly priced deals that widen soon after launch. But, hey-ho, pricing doesn’t matter because Central Banks are all out there buying corporate bonds as part of their QE Asset-Buying Programmes. So… it’s possible to sell just about anything…</p>\n<p>This year corporate treasurers know the Taper is coming – that’s what Jerome Powell confirmed last week at Jackson Hole – so they will be even more enthusiastic to get their deals done ahead of the stable-door to cheap financing slamming shut.</p>\n<p>And bankers? Well they remember what happened last time the Fed tried to taper its monetary experimentation – a panic and closed market, therefore its even more important to get deals done now.. done ahead of any market unpleasantness..</p>\n<p>The Corporate Bond markets are anything but perfect. There are massive underlying problems as banks don’t support deals, the secondary market is “by appointment only” via brokers, small investors (ie anyone with less than a couple of hundred billion Assets Under Management) can’t get allocations of new deals, much of the market is now in ETFs, yet things could get even less functional.</p>\n<p>I suspect this year’s funding steeplechase and the coming Central Bank Taper is going to expose a fundamentally broken market. Liquidity is dry and the price discovery mechanism is busted. I was recently fortunate to be shown some confidential numbers on European Government Bond market liquidity. Strip out the asset-purchase activities of the ECB buying bonds, and the numbers show the Bund, OAT and other European markets have seem volumes plummet in recent years.</p>\n<p>The flows in fixed income markets were once circular – investors could buy and sell via market making banks who would set the price based on demand and supply, the orders they were seeing from their universe of clients. It worked. Now it doesn’t. Now, rather than bond holders calling a couple of banks to get the best price, there is no market making anymore. Central banks set the price of bonds. When they aren’t their buying – who will?</p>\n<p>As banks don’t trade as market makers, there is no longer a price-setting mechanism – when the central banks stop posting bids, there is no-one to replace them. The result is likely to be a massive liquidity block on even the hint of Central Banks tapering their asset purchases… and that spells… <b>Opportunity</b>.</p>\n<p>When markets panic they over-react every time. When markets seize up – as I expect they will when the Taper becomes real – we’re likely to see massive over-compensation in bond markets, and by extension, in equity markets also. I suspect the coming bond market wobbles could prove to be something of a buying window.</p>\n<p>Why? A small hint of taper will expose the broken mechanisms of the bond market in terms of price discovery and market making, but we also know Central Banks are unlikely to allow wild rises in interest rates. Since a bond price is a reflection of the likelihood the bond issuer is going to repay, and interest rates will be unlikely to change much… then a sell off becomes an opportunity to invest at a much more attractive yield when the interest-rate environment has barely changed.</p>\n<p>But risk will have changed – a bond market sell off will trigger a crisis of confidence across markets changing perceptions and appetite for risk, which again is an opportunity for the wise to generate cheap cost opportunities.</p>\n<p>The problem is… much of the bond market is under 35 and has never seen the conditions that caused the crisis back in 2008. On the other hand, and talking my own book….. some of us have weathered several bond market crashes… we’ve done it before, and know nothing really changes about the ways in which markets panic!</p>\n<p>When the crisis comes… well you know my email and phone number!</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>Blain: The Fed's Taper Is Going To Expose A Fundamentally Broken Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlain: The Fed's Taper Is Going To Expose A Fundamentally Broken Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-01 08:41 GMT+8 <a href=https://www.zerohedge.com/markets/blain-feds-taper-going-expose-fundamentally-broken-market><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>“Anyone who claims to know the future of interest rates is certifiable.”\n\nThe great Autumnal Bond Funding Season is upon us, but the looming taper of Central Bank Asset Purchase Schemes could well ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/blain-feds-taper-going-expose-fundamentally-broken-market\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/blain-feds-taper-going-expose-fundamentally-broken-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134087724","content_text":"“Anyone who claims to know the future of interest rates is certifiable.”\n\nThe great Autumnal Bond Funding Season is upon us, but the looming taper of Central Bank Asset Purchase Schemes could well expose just how broken and dysfunctional bond markets have become. Markets always over-react to stress and panics, but when markets struggle with price discovery and liquidity, the coming sell off could be magnified, which means a great buying opportunity in bonds may be coming!\nThere is lots to worry about this morning – the consequences of the Afghan Skedaddle on perceptions of the US, the inflation threats central banks wish us to believe are “transitory”, Hurricane Ida’s trail of insurance claims, the rising backlash against ESG, and the apparent emergence of a new SuperCovid variant that’s more infectious…\nInstead..this morning let’s think about the bond market, because in the bond market there is always truth… It’s still August (for a few more hours at least) but today marks the start of the 2021 Bond Market Autumn Steeplechase. With bond yields still falling despite taper talk and record stock market levels – it promises to be a fascinating season.\nThe September funding Boom is a traditional feature of the Eurobond market year. It’s when all the banks and bankers realise year-end is approaching and get desperate for fees from business closed, pushing their capabilities by being seen to do deals and rise up the league tables. Smart corporate treasurers will be dangling mandates for deals in front of their bankers – knowing this is the best time to get the finest and tightest terms because this when their bankers are most desperate. The result is we’ll see a deluge of new bond supply.\nNormally, the funding orgy lasts a couple of weeks before investors start to gag on a succession of too tightly priced deals that widen soon after launch. But, hey-ho, pricing doesn’t matter because Central Banks are all out there buying corporate bonds as part of their QE Asset-Buying Programmes. So… it’s possible to sell just about anything…\nThis year corporate treasurers know the Taper is coming – that’s what Jerome Powell confirmed last week at Jackson Hole – so they will be even more enthusiastic to get their deals done ahead of the stable-door to cheap financing slamming shut.\nAnd bankers? Well they remember what happened last time the Fed tried to taper its monetary experimentation – a panic and closed market, therefore its even more important to get deals done now.. done ahead of any market unpleasantness..\nThe Corporate Bond markets are anything but perfect. There are massive underlying problems as banks don’t support deals, the secondary market is “by appointment only” via brokers, small investors (ie anyone with less than a couple of hundred billion Assets Under Management) can’t get allocations of new deals, much of the market is now in ETFs, yet things could get even less functional.\nI suspect this year’s funding steeplechase and the coming Central Bank Taper is going to expose a fundamentally broken market. Liquidity is dry and the price discovery mechanism is busted. I was recently fortunate to be shown some confidential numbers on European Government Bond market liquidity. Strip out the asset-purchase activities of the ECB buying bonds, and the numbers show the Bund, OAT and other European markets have seem volumes plummet in recent years.\nThe flows in fixed income markets were once circular – investors could buy and sell via market making banks who would set the price based on demand and supply, the orders they were seeing from their universe of clients. It worked. Now it doesn’t. Now, rather than bond holders calling a couple of banks to get the best price, there is no market making anymore. Central banks set the price of bonds. When they aren’t their buying – who will?\nAs banks don’t trade as market makers, there is no longer a price-setting mechanism – when the central banks stop posting bids, there is no-one to replace them. The result is likely to be a massive liquidity block on even the hint of Central Banks tapering their asset purchases… and that spells… Opportunity.\nWhen markets panic they over-react every time. When markets seize up – as I expect they will when the Taper becomes real – we’re likely to see massive over-compensation in bond markets, and by extension, in equity markets also. I suspect the coming bond market wobbles could prove to be something of a buying window.\nWhy? A small hint of taper will expose the broken mechanisms of the bond market in terms of price discovery and market making, but we also know Central Banks are unlikely to allow wild rises in interest rates. Since a bond price is a reflection of the likelihood the bond issuer is going to repay, and interest rates will be unlikely to change much… then a sell off becomes an opportunity to invest at a much more attractive yield when the interest-rate environment has barely changed.\nBut risk will have changed – a bond market sell off will trigger a crisis of confidence across markets changing perceptions and appetite for risk, which again is an opportunity for the wise to generate cheap cost opportunities.\nThe problem is… much of the bond market is under 35 and has never seen the conditions that caused the crisis back in 2008. On the other hand, and talking my own book….. some of us have weathered several bond market crashes… we’ve done it before, and know nothing really changes about the ways in which markets panic!\nWhen the crisis comes… well you know my email and phone number!","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":2568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816049627,"gmtCreate":1630457395869,"gmtModify":1676530307459,"author":{"id":"3584075709994552","authorId":"3584075709994552","name":"JaycobWang","avatar":"https://static.tigerbbs.com/26b59a0c5932d4e29584789d4111e676","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584075709994552","idStr":"3584075709994552"},"themes":[],"htmlText":"[Miser] [Miser] ","listText":"[Miser] [Miser] ","text":"[Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816049627","repostId":"1120204260","repostType":4,"isVote":1,"tweetType":1,"viewCount":1908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810423612,"gmtCreate":1629993866336,"gmtModify":1676530196514,"author":{"id":"3584075709994552","authorId":"3584075709994552","name":"JaycobWang","avatar":"https://static.tigerbbs.com/26b59a0c5932d4e29584789d4111e676","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584075709994552","idStr":"3584075709994552"},"themes":[],"htmlText":"Bagusa ","listText":"Bagusa ","text":"Bagusa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810423612","repostId":"1151329620","repostType":4,"isVote":1,"tweetType":1,"viewCount":2437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810423003,"gmtCreate":1629993844002,"gmtModify":1676530196499,"author":{"id":"3584075709994552","authorId":"3584075709994552","name":"JaycobWang","avatar":"https://static.tigerbbs.com/26b59a0c5932d4e29584789d4111e676","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584075709994552","idStr":"3584075709994552"},"themes":[],"htmlText":"Bagusa ","listText":"Bagusa ","text":"Bagusa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810423003","repostId":"2162301893","repostType":4,"isVote":1,"tweetType":1,"viewCount":1923,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}