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BennyB
BennyB
·
2021-09-06
My balls can defy the odds of September
Can The Bulls Defy The Odds Of September Weakness?
While we had previously discussed that August tends to be one of the weaker months of the year, the
Can The Bulls Defy The Odds Of September Weakness?
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BennyB
BennyB
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2021-09-04
Not bad tbh
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BennyB
BennyB
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2021-08-27
$AMC Entertainment(AMC)$
time to sell soon
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BennyB
BennyB
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2021-08-27
Lmao usa
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BennyB
BennyB
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2021-08-27
Hmmmm
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BennyB
BennyB
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2021-08-26
Looking good
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BennyB
BennyB
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2021-08-26
$AMC Entertainment(AMC)$
my pp hardddd
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BennyB
BennyB
·
2021-08-26
Dolla dolla
The 'Big Short' guy and star stock picker Cathie Wood are feuding — here's why
Gather ‘round, everybody! Two super investors are fighting! While it may lack the melodrama of the K
The 'Big Short' guy and star stock picker Cathie Wood are feuding — here's why
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BennyB
BennyB
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2021-08-26
Likelike
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BennyB
BennyB
·
2021-08-25
Based
Wall St extends rally, pushing S&P 500 to 50th all-time high close this year
NEW YORK, Aug 24 (Reuters) - Wall Street ended higher in a late-summer, light volume rally on Tuesda
Wall St extends rally, pushing S&P 500 to 50th all-time high close this year
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balls can defy the odds of September ","listText":"My balls can defy the odds of September ","text":"My balls can defy the odds of September","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817614285","repostId":"1136345203","repostType":4,"repost":{"id":"1136345203","kind":"news","pubTimestamp":1630932942,"share":"https://ttm.financial/m/news/1136345203?lang=&edition=fundamental","pubTime":"2021-09-06 20:55","market":"us","language":"en","title":"Can The Bulls Defy The Odds Of September Weakness?","url":"https://stock-news.laohu8.com/highlight/detail?id=1136345203","media":"zerohedge","summary":"While we had previously discussed that August tends to be one of the weaker months of the year, the ","content":"<p>While we had previously discussed that August tends to be one of the weaker months of the year, the bulls defined that weakness posting an almost 3% gain. However, as discussed in our <i><b>Daily Market Commentary</b></i> on Wednesday:</p>\n<blockquote>\n <i>“August seasonality was a bust with the market advancing 2.6%. Will September seasonality prove to be more accurate?”</i>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/c476595aaa36e3658acd7c6b2458a4f3\" tg-width=\"533\" tg-height=\"371\" width=\"100%\" height=\"auto\"></p>\n<p>For now, the bullish bias remains strong as a barrage of weaker than expected economic data from GDP to manufacturing and employment give hope the Fed may forestall their <i>“tapering”</i> plans. But, as we will discuss in a moment, we think the bulls may be correct for a different reason.</p>\n<p>However, in the meantime, the <i>“stairstep”</i> advance continues with fundamentally weak companies making substantial gains as speculation displaces investment in the market. <b>Thus, while prices remain elevated, money flows weaken, suggesting the next downturn is roughly one to two weeks away.</b>So far, those corrections remain limited to the 50-dma, which is approximately 3% lower than Friday’s close, but a 10% correction to the 200-dma remains a possibility.</p>\n<p><img src=\"https://static.tigerbbs.com/3d1ab015b2782edccd8f71c842786623\" tg-width=\"900\" tg-height=\"534\" width=\"100%\" height=\"auto\">While there seems to be little concern relative to the market’s advance over the last year, maybe that should be the concern given the sharpness of that advance. I will discuss the history of “market melt-ups” and their eventual outcomes in an upcoming article. However, what is essential to notice is the corresponding ramp in valuations as earnings fail<i>t</i>o keep up with bullish expectations.</p>\n<p><img src=\"https://static.tigerbbs.com/32446c1ed4942c292051ab6f2646826f\" tg-width=\"836\" tg-height=\"460\" width=\"100%\" height=\"auto\"><b>Significantly, investors never realize they are in a </b><b><i>“melt-up”</i></b><b> until after it is over.</b></p>\n<p><u><b>Breadth Remains Weak As Market Advances</b></u></p>\n<p>At the moment, the bullish trend continues, and we must respect that trend for now. However, there are clear signs the advance is beginning to narrow markedly, which has historically served as a warning to investors.</p>\n<blockquote>\n <i>” As shown in the chart below, although the S&P 500 traded at an all-time high as recently as last week, the cumulative advance/decline (A/D) line for the broader NYSE universe peaked on June 11 this year. The divergence between the two looks similar to early-September last year—the point at which it was mostly the “big 5” stocks within the S&P 500 (the “generals”) that had powered the S&P 500 to its September 2, 2020 high.” – Charles Schwab</i>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/3bec2406de602b799eed4c8cda45840c\" tg-width=\"713\" tg-height=\"280\" width=\"100%\" height=\"auto\"><i>“The percentage of S&P 500 stocks trading above their 50-day moving averages peaked in April, troughed in June, improved until recently, but has come under pressure again. The same can’t be said for the NASDAQ and Russell 2000, which both peaked in early February, since which time they’ve generally been descending.”</i></p>\n<p><img src=\"https://static.tigerbbs.com/80c475204276754086f148219d6f0947\" tg-width=\"688\" tg-height=\"284\" width=\"100%\" height=\"auto\"><i>“Relative to their 200-day moving averages (DMA), all three indexes have been generally trending lower since April, as shown in the second chart below.” – Charles Schwab</i></p>\n<p><img src=\"https://static.tigerbbs.com/e880f82c99840963c1b4fb2f95b915ec\" tg-width=\"713\" tg-height=\"299\" width=\"100%\" height=\"auto\">Of course, as we repeat each week, while we are pointing out the warning signs, such does not mean selling everything and going to cash. However, it does serve as a visible warning to adjust your risk exposures accordingly and prepare for a potentially bumpy ride.</p>\n<blockquote>\n <i>“Just because you put on a seatbelt when the plane is landing, doesn’t mean you are going to crash. But is a logic precaution just in case.”</i>\n</blockquote>\n<p><b>Can The Fed Really Taper?</b></p>\n<p>We have noted the rising number of Fed speakers discussing the need to begin <i>“tapering”</i> the Fed’s balance sheet purchases in recent weeks. With employment returning well into what is historically considered “full employment,” surge in job openings, and rising inflation, the need to taper is evident. As noted <b><i>in our daily market commentary:</i></b></p>\n<blockquote>\n <i>“PCE, met expectations rising 0.4% in July. The level was 0.1% below the June reading. </i>\n <i><b>The year-over-year rate is 4.2%, which is more than double the Fed’s 2% inflation target.</b></i>\n <i> Importantly </i>\n <i><b>it suggests the Fed should be moving to tighten monetary policy.</b></i>\n <i>However, the trimmed-mean PCE was inline at 2% giving the Fed some “wiggle-room” for now, but likely not for long.</i>“\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/f8bb27150d54a104d64668f5f4306208\" tg-width=\"829\" tg-height=\"514\" width=\"100%\" height=\"auto\">While the Fed may have some wiggle room short-term, the trimmed-mean PCE will catch up with PCE over the next month.</p>\n<p>The point is that the Fed is now getting pushed into needing to tighten monetary policy to quell inflationary pressures. However, a rising risk suggests they may be <i>“trapped</i>” in continuing their bond purchases and risking both an inflationary surge and creating market instability.</p>\n<p>That risk is the <i>“deficit.”</i></p>\n<p><b>Who Is Going To Fund The Deficit</b></p>\n<p>As discussed recently, the current mandatory spending of the Government consumes more than 100% of existing tax revenues. Therefore, all discretionary spending plus additional programs such as <i>“infrastructure”</i> and <i>“human infrastructure”</i>comes from debt issuance.</p>\n<p><img src=\"https://static.tigerbbs.com/5f74a7c9f8392d4c3c6d366934b42511\" tg-width=\"768\" tg-height=\"688\" width=\"100%\" height=\"auto\">As shown, the 2021 budget will push the current deficit towards $4-Trillion requiring the Federal Reserve to monetize at least<b><i> $1 Trillion of that issuance per our previous analysis.</i></b></p>\n<blockquote>\n <i>The scale and scope of government spending expansion in the last year are unprecedented. Because Uncle Sam doesn’t have the money, lots of it went on the government’s credit card. The deficit and debt skyrocketed. But this is only the beginning. </i>\n <i><b>The Biden administration recently proposed a $6 trillion budget for fiscal 2022, two-thirds of which would be borrowed.” –</b></i>\n <i>Reason</i>\n</blockquote>\n<blockquote>\n <i>The CBO (Congressional Budget Office) recently produced its long-term debt projection through 2050, ensuring poor economic returns. I reconstructed a chart from Deutsche Bank showing the US Federal Debt and Federal Reserve balance sheet. The chart uses the CBO projections through 2050.</i>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/771627893f89b51b37543e28698ed961\" tg-width=\"990\" tg-height=\"637\" width=\"100%\" height=\"auto\"><b>The federal debt load will climb from $28 trillion to roughly $140 trillion at the current growth rate by 2050.</b></p>\n<p>The problem, of course, is that the Fed must continue monetizing 30% of debt issuance to keep interest rates from surging and wrecking the economy.</p>\n<p>Let than sink in for a minute.</p>\n<p>If that is indeed the case, the Fed will not be able to <i>“taper”</i> their balance sheet purchases unless they are willing to risk a surge in interest rates, a collapse in economic growth, and a deflationary spiral.</p>\n<p>As Expected Q3-<b>GDP Gets Slashed</b></p>\n<p>Since the beginning of this year, we have penned several articles stating that economic growth would ultimately disappoint when fueled by an artificial stimulus. Specifically, we noted that <i>“bonds were sending an economic warning.”</i> To wit:</p>\n<blockquote>\n <i>“</i>\n <i><b>As shown, the correlation between rates and the economic composite suggests that current expectations of sustained economic expansion and rising inflation are overly optimistic.</b></i>\n <i> At current rates, economic growth will likely very quickly rturn to sub-2% growth by 2022.”</i>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/90ec177d9bfda4dab5c1a89f29d93556\" tg-width=\"853\" tg-height=\"549\" width=\"100%\" height=\"auto\">The <i><b>disappointment of economic growth</b></i> is also a function of the surging debt and deficit levels, which, as noted above, will have to be entirely funded by the Federal Reserve.</p>\n<p>On Thursday, both the Atlanta Fed and Morgan Stanley slashed their estimates for Q3 growth as economic data continues to disappoint.</p>\n<blockquote>\n <i>“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2021 is </i>\n <i><b>3.7</b></i>\n <i> </i>\n <i><b>percent</b></i>\n <i>on September 2, </i>\n <i><b>down from 5.3 percent on September 1</b></i>\n <i>.” – Atlanta Fed</i>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/c4c362937b721d02c854d792606d0166\" tg-width=\"670\" tg-height=\"366\" width=\"100%\" height=\"auto\">Notably, there were significant downward revisions to consumption and investment, declining from 2.6% and 23.4% to 1.9% and 19.3%, respectively. However, as we noted previously, such is not surprising as “stimulus” leaves the system, and the economic drivers return to normalcy.</p>\n<p><b>Morgan and Goldman As Well</b></p>\n<p>As stated, Morgan Stanely also slashed their estimates:</p>\n<blockquote>\n <i>“</i>\n <i><b>We are revising down 3Q GDP tracking to 2.9% from 6.5%, previously</b></i>\n <i>. Our forecast for 4Q GDP remains at 6.7%. The revision to 3Q implies full year 4Q/4Q GDP at 5.6% (5.7%Y) this year – 1.4pp lower than the Fed’s forecast of 7.0% in its June Summary of Economic Projections (SEP), and 0.7pp below Bloomberg consensus of economists at 6.3%.</i>\n</blockquote>\n<blockquote>\n <i><b>An examination of the data reveals that the slowdown is not broad-based and primarily reflects payback from stimulus spending as well as continued supply chain bottlenecks.</b></i>\n <i> The swing factor is largest in spending on big-ticket durable goods that benefited most from stimulus checks and are affected most by lack of inventory and price increases due to supply shortages, for example motor vehicles.”</i>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/75e5c5eb2840814e2972c92ab0ef9bf3\" tg-width=\"826\" tg-height=\"487\" width=\"100%\" height=\"auto\">As we discussed previously, these two downgrades were playing catchup to our previous analysis and Goldman’s downgrade two weeks ago. To wit:</p>\n<blockquote>\n <i><b>“We have lowered our Q3 GDP forecast to +5.5%, reflecting hits to both consumer spending and production.</b></i>\n <i>Spending on dining, travel, and some other services is likely to decline in August, though we expect the drop to be modest and brief. Production is still suffering from supply chain disruptions, especially in the auto industry, and this is likely to mean less inventory rebuild in Q3.”</i> –\n <i> Goldman Sachs</i>\n</blockquote>\n<p>Investors should not overlook the importance of these downgrades.</p>\n<p><b>Earnings Estimates At Risk</b></p>\n<p>In our post on<i><b>“Peak Economic And Earnings Growth,</b></i>” we stated that corporate earnings and profits ultimately get derived from economic activity (personal consumption and business investment). Therefore, it is unlikely the currently lofty expectations will get met.</p>\n<p>The problem for investors currently is that analysts’ assumptions are always high, and markets are trading at more extreme valuations, which leaves little room for disappointment. For example, using analyst’s price target assumptions of 4700 for 2020 and current earnings expectations, the S&P is trading 2.6x earnings growth.</p>\n<p><img src=\"https://static.tigerbbs.com/c3e58e6641c42d1879c094ce45b2f337\" tg-width=\"896\" tg-height=\"647\" width=\"100%\" height=\"auto\">Such puts the current P/E at 25.6x earnings in 2020, which is still expensive by historical measures.</p>\n<p><img src=\"https://static.tigerbbs.com/d4abafc44c03ff687ce87c361a1f1357\" tg-width=\"886\" tg-height=\"637\" width=\"100%\" height=\"auto\">That also puts the S&P 500 grossly above its linear trend line as earnings growth begins to revert.</p>\n<p><img src=\"https://static.tigerbbs.com/ec0a0666e57f65c24037d219876028e2\" tg-width=\"988\" tg-height=\"534\" width=\"100%\" height=\"auto\">Through the end of this year, companies will guide down earnings estimates for a variety of reasons:</p>\n<ul>\n <li><p><i>Economic growth won’t be as robust as anticipated.</i></p></li>\n <li><p><i>Potentially higher corporate tax rates could reduce earnings.</i></p></li>\n <li><p><i>The increased input costs due to the stimulus can’t get passed on to consumers.</i></p></li>\n <li><p><i>Higher interest rates increasing borrowing costs which impact earnings.</i></p></li>\n <li><p><i>A weaker consumer than currently expected due to reduced employment and weaker wages.</i></p></li>\n <li><p><i>Global demand weakens due to a stronger dollar impacting exports.</i></p></li>\n</ul>\n<p><b>Such will leave investors once again</b><b><i> “overpaying”</i></b><b> for earnings growth that fails to materialize.</b></p>\n<p></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>Can The Bulls Defy The Odds Of September Weakness?</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\">\nCan The Bulls Defy The Odds Of September Weakness?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 20:55 GMT+8 <a href=https://www.zerohedge.com/markets/can-bulls-defy-odds-september-weakness><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While we had previously discussed that August tends to be one of the weaker months of the year, the bulls defined that weakness posting an almost 3% gain. However, as discussed in our Daily Market ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/can-bulls-defy-odds-september-weakness\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/can-bulls-defy-odds-september-weakness","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136345203","content_text":"While we had previously discussed that August tends to be one of the weaker months of the year, the bulls defined that weakness posting an almost 3% gain. However, as discussed in our Daily Market Commentary on Wednesday:\n\n“August seasonality was a bust with the market advancing 2.6%. Will September seasonality prove to be more accurate?”\n\n\nFor now, the bullish bias remains strong as a barrage of weaker than expected economic data from GDP to manufacturing and employment give hope the Fed may forestall their “tapering” plans. But, as we will discuss in a moment, we think the bulls may be correct for a different reason.\nHowever, in the meantime, the “stairstep” advance continues with fundamentally weak companies making substantial gains as speculation displaces investment in the market. Thus, while prices remain elevated, money flows weaken, suggesting the next downturn is roughly one to two weeks away.So far, those corrections remain limited to the 50-dma, which is approximately 3% lower than Friday’s close, but a 10% correction to the 200-dma remains a possibility.\nWhile there seems to be little concern relative to the market’s advance over the last year, maybe that should be the concern given the sharpness of that advance. I will discuss the history of “market melt-ups” and their eventual outcomes in an upcoming article. However, what is essential to notice is the corresponding ramp in valuations as earnings failto keep up with bullish expectations.\nSignificantly, investors never realize they are in a “melt-up” until after it is over.\nBreadth Remains Weak As Market Advances\nAt the moment, the bullish trend continues, and we must respect that trend for now. However, there are clear signs the advance is beginning to narrow markedly, which has historically served as a warning to investors.\n\n” As shown in the chart below, although the S&P 500 traded at an all-time high as recently as last week, the cumulative advance/decline (A/D) line for the broader NYSE universe peaked on June 11 this year. The divergence between the two looks similar to early-September last year—the point at which it was mostly the “big 5” stocks within the S&P 500 (the “generals”) that had powered the S&P 500 to its September 2, 2020 high.” – Charles Schwab\n\n“The percentage of S&P 500 stocks trading above their 50-day moving averages peaked in April, troughed in June, improved until recently, but has come under pressure again. The same can’t be said for the NASDAQ and Russell 2000, which both peaked in early February, since which time they’ve generally been descending.”\n“Relative to their 200-day moving averages (DMA), all three indexes have been generally trending lower since April, as shown in the second chart below.” – Charles Schwab\nOf course, as we repeat each week, while we are pointing out the warning signs, such does not mean selling everything and going to cash. However, it does serve as a visible warning to adjust your risk exposures accordingly and prepare for a potentially bumpy ride.\n\n“Just because you put on a seatbelt when the plane is landing, doesn’t mean you are going to crash. But is a logic precaution just in case.”\n\nCan The Fed Really Taper?\nWe have noted the rising number of Fed speakers discussing the need to begin “tapering” the Fed’s balance sheet purchases in recent weeks. With employment returning well into what is historically considered “full employment,” surge in job openings, and rising inflation, the need to taper is evident. As noted in our daily market commentary:\n\n“PCE, met expectations rising 0.4% in July. The level was 0.1% below the June reading. \nThe year-over-year rate is 4.2%, which is more than double the Fed’s 2% inflation target.\n Importantly \nit suggests the Fed should be moving to tighten monetary policy.\nHowever, the trimmed-mean PCE was inline at 2% giving the Fed some “wiggle-room” for now, but likely not for long.“\n\nWhile the Fed may have some wiggle room short-term, the trimmed-mean PCE will catch up with PCE over the next month.\nThe point is that the Fed is now getting pushed into needing to tighten monetary policy to quell inflationary pressures. However, a rising risk suggests they may be “trapped” in continuing their bond purchases and risking both an inflationary surge and creating market instability.\nThat risk is the “deficit.”\nWho Is Going To Fund The Deficit\nAs discussed recently, the current mandatory spending of the Government consumes more than 100% of existing tax revenues. Therefore, all discretionary spending plus additional programs such as “infrastructure” and “human infrastructure”comes from debt issuance.\nAs shown, the 2021 budget will push the current deficit towards $4-Trillion requiring the Federal Reserve to monetize at least $1 Trillion of that issuance per our previous analysis.\n\nThe scale and scope of government spending expansion in the last year are unprecedented. Because Uncle Sam doesn’t have the money, lots of it went on the government’s credit card. The deficit and debt skyrocketed. But this is only the beginning. \nThe Biden administration recently proposed a $6 trillion budget for fiscal 2022, two-thirds of which would be borrowed.” –\nReason\n\n\nThe CBO (Congressional Budget Office) recently produced its long-term debt projection through 2050, ensuring poor economic returns. I reconstructed a chart from Deutsche Bank showing the US Federal Debt and Federal Reserve balance sheet. The chart uses the CBO projections through 2050.\n\nThe federal debt load will climb from $28 trillion to roughly $140 trillion at the current growth rate by 2050.\nThe problem, of course, is that the Fed must continue monetizing 30% of debt issuance to keep interest rates from surging and wrecking the economy.\nLet than sink in for a minute.\nIf that is indeed the case, the Fed will not be able to “taper” their balance sheet purchases unless they are willing to risk a surge in interest rates, a collapse in economic growth, and a deflationary spiral.\nAs Expected Q3-GDP Gets Slashed\nSince the beginning of this year, we have penned several articles stating that economic growth would ultimately disappoint when fueled by an artificial stimulus. Specifically, we noted that “bonds were sending an economic warning.” To wit:\n\n“\nAs shown, the correlation between rates and the economic composite suggests that current expectations of sustained economic expansion and rising inflation are overly optimistic.\n At current rates, economic growth will likely very quickly rturn to sub-2% growth by 2022.”\n\nThe disappointment of economic growth is also a function of the surging debt and deficit levels, which, as noted above, will have to be entirely funded by the Federal Reserve.\nOn Thursday, both the Atlanta Fed and Morgan Stanley slashed their estimates for Q3 growth as economic data continues to disappoint.\n\n“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2021 is \n3.7\n \npercent\non September 2, \ndown from 5.3 percent on September 1\n.” – Atlanta Fed\n\nNotably, there were significant downward revisions to consumption and investment, declining from 2.6% and 23.4% to 1.9% and 19.3%, respectively. However, as we noted previously, such is not surprising as “stimulus” leaves the system, and the economic drivers return to normalcy.\nMorgan and Goldman As Well\nAs stated, Morgan Stanely also slashed their estimates:\n\n“\nWe are revising down 3Q GDP tracking to 2.9% from 6.5%, previously\n. Our forecast for 4Q GDP remains at 6.7%. The revision to 3Q implies full year 4Q/4Q GDP at 5.6% (5.7%Y) this year – 1.4pp lower than the Fed’s forecast of 7.0% in its June Summary of Economic Projections (SEP), and 0.7pp below Bloomberg consensus of economists at 6.3%.\n\n\nAn examination of the data reveals that the slowdown is not broad-based and primarily reflects payback from stimulus spending as well as continued supply chain bottlenecks.\n The swing factor is largest in spending on big-ticket durable goods that benefited most from stimulus checks and are affected most by lack of inventory and price increases due to supply shortages, for example motor vehicles.”\n\nAs we discussed previously, these two downgrades were playing catchup to our previous analysis and Goldman’s downgrade two weeks ago. To wit:\n\n“We have lowered our Q3 GDP forecast to +5.5%, reflecting hits to both consumer spending and production.\nSpending on dining, travel, and some other services is likely to decline in August, though we expect the drop to be modest and brief. Production is still suffering from supply chain disruptions, especially in the auto industry, and this is likely to mean less inventory rebuild in Q3.” –\n Goldman Sachs\n\nInvestors should not overlook the importance of these downgrades.\nEarnings Estimates At Risk\nIn our post on“Peak Economic And Earnings Growth,” we stated that corporate earnings and profits ultimately get derived from economic activity (personal consumption and business investment). Therefore, it is unlikely the currently lofty expectations will get met.\nThe problem for investors currently is that analysts’ assumptions are always high, and markets are trading at more extreme valuations, which leaves little room for disappointment. For example, using analyst’s price target assumptions of 4700 for 2020 and current earnings expectations, the S&P is trading 2.6x earnings growth.\nSuch puts the current P/E at 25.6x earnings in 2020, which is still expensive by historical measures.\nThat also puts the S&P 500 grossly above its linear trend line as earnings growth begins to revert.\nThrough the end of this year, companies will guide down earnings estimates for a variety of reasons:\n\nEconomic growth won’t be as robust as anticipated.\nPotentially higher corporate tax rates could reduce earnings.\nThe increased input costs due to the stimulus can’t get passed on to consumers.\nHigher interest rates increasing borrowing costs which impact earnings.\nA weaker consumer than currently expected due to reduced employment and weaker wages.\nGlobal demand weakens due to a stronger dollar impacting exports.\n\nSuch will leave investors once again “overpaying” for earnings growth that fails to materialize.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1901,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815472473,"gmtCreate":1630716774092,"gmtModify":1676530382307,"author":{"id":"4090293128868610","authorId":"4090293128868610","name":"BennyB","avatar":"https://static.tigerbbs.com/e0437be526d49a07c745e3c48494e846","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090293128868610","idStr":"4090293128868610"},"themes":[],"htmlText":"Not bad tbh ","listText":"Not bad tbh ","text":"Not bad tbh","images":[{"img":"https://static.tigerbbs.com/c6ef027178d63a8f27a8b2383ad3d2a3","width":"720","height":"1535"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815472473","isVote":1,"tweetType":1,"viewCount":1745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":819638755,"gmtCreate":1630062973977,"gmtModify":1676530214053,"author":{"id":"4090293128868610","authorId":"4090293128868610","name":"BennyB","avatar":"https://static.tigerbbs.com/e0437be526d49a07c745e3c48494e846","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090293128868610","idStr":"4090293128868610"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>time to sell soon","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>time to sell soon","text":"$AMC Entertainment(AMC)$time to sell soon","images":[{"img":"https://static.tigerbbs.com/46a95161b893d9a77723dbe72df909ba","width":"720","height":"1280"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":921,"commentSize":181,"repostSize":20,"link":"https://ttm.financial/post/819638755","isVote":1,"tweetType":1,"viewCount":18062,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3566422009404750","authorId":"3566422009404750","name":"RyantKing","avatar":"https://static.tigerbbs.com/21cb807f554e780c7da77b8008cbe145","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3566422009404750","idStr":"3566422009404750"},"content":"Paper hand, U better sell","text":"Paper hand, U better sell","html":"Paper hand, U better sell"},{"author":{"id":"3582350348015234","authorId":"3582350348015234","name":"Ag1718","avatar":"https://community-static.tradeup.com/news/7b99db6dd9dd4eaa84bd8baf04aad0b9","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3582350348015234","idStr":"3582350348015234"},"content":"?? ..when Stock go up we ,will Be greedy and greedy ..only when other are fearful we will be fearful too . Just relax ???.. Happy day ☀️???","text":"?? ..when Stock go up we ,will Be greedy and greedy ..only when other are fearful we will be fearful too . Just relax ???.. Happy day ☀️???","html":"?? ..when Stock go up we ,will Be greedy and greedy ..only when other are fearful we will be fearful too . Just relax ???.. Happy day ☀️???"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":819638086,"gmtCreate":1630062922845,"gmtModify":1676530214030,"author":{"id":"4090293128868610","authorId":"4090293128868610","name":"BennyB","avatar":"https://static.tigerbbs.com/e0437be526d49a07c745e3c48494e846","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090293128868610","idStr":"4090293128868610"},"themes":[],"htmlText":"Lmao usa","listText":"Lmao usa","text":"Lmao usa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/819638086","repostId":"2162847016","repostType":4,"isVote":1,"tweetType":1,"viewCount":1835,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819631508,"gmtCreate":1630062901604,"gmtModify":1676530214030,"author":{"id":"4090293128868610","authorId":"4090293128868610","name":"BennyB","avatar":"https://static.tigerbbs.com/e0437be526d49a07c745e3c48494e846","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090293128868610","idStr":"4090293128868610"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[{"img":"https://static.tigerbbs.com/c74accd9532b94dd8eb2751ac61e706e","width":"720","height":"1477"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/819631508","isVote":1,"tweetType":1,"viewCount":1909,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":810185769,"gmtCreate":1629952486951,"gmtModify":1676530182715,"author":{"id":"4090293128868610","authorId":"4090293128868610","name":"BennyB","avatar":"https://static.tigerbbs.com/e0437be526d49a07c745e3c48494e846","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090293128868610","idStr":"4090293128868610"},"themes":[],"htmlText":"Looking good","listText":"Looking good","text":"Looking good","images":[{"img":"https://static.tigerbbs.com/f3676dee8d2708d3351502a934121cba","width":"720","height":"1535"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810185769","isVote":1,"tweetType":1,"viewCount":2076,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":810185812,"gmtCreate":1629952465436,"gmtModify":1676530182704,"author":{"id":"4090293128868610","authorId":"4090293128868610","name":"BennyB","avatar":"https://static.tigerbbs.com/e0437be526d49a07c745e3c48494e846","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090293128868610","idStr":"4090293128868610"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>my pp hardddd","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>my pp hardddd","text":"$AMC Entertainment(AMC)$my pp hardddd","images":[{"img":"https://static.tigerbbs.com/2321bff80c1bf917e26fdfca31bbf3c2","width":"720","height":"1280"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810185812","isVote":1,"tweetType":1,"viewCount":2448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":810117644,"gmtCreate":1629951886888,"gmtModify":1676530182507,"author":{"id":"4090293128868610","authorId":"4090293128868610","name":"BennyB","avatar":"https://static.tigerbbs.com/e0437be526d49a07c745e3c48494e846","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090293128868610","idStr":"4090293128868610"},"themes":[],"htmlText":"Dolla dolla","listText":"Dolla dolla","text":"Dolla dolla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810117644","repostId":"1101434650","repostType":4,"repost":{"id":"1101434650","kind":"news","pubTimestamp":1629949408,"share":"https://ttm.financial/m/news/1101434650?lang=&edition=fundamental","pubTime":"2021-08-26 11:43","market":"us","language":"en","title":"The 'Big Short' guy and star stock picker Cathie Wood are feuding — here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=1101434650","media":"MoneyWise","summary":"Gather ‘round, everybody! Two super investors are fighting!\nWhile it may lack the melodrama of the K","content":"<p>Gather ‘round, everybody! Two super investors are fighting!</p>\n<p>While it may lack the melodrama of the Kim and Kanye split, the public spat between Michael Burry, the hedge fund manager who famously bet against the country’s housing market and won, and Cathie Wood, the celebrated head of Ark Invest, adds to an important discussion taking place in the investment space.</p>\n<p>Burry, skeptical of its valuation, is currently shorting Ark Invest’s flagship technology exchange-traded fund, Ark Innovation ETF (ARKK). Wood has countered by accusing Burry of not understanding growth in today’s environment.</p>\n<p>Wood and Burry have repeatedly proven that they know what they’re talking about. But in this case, they can’t both be right.</p>\n<h3>Why Burry is shorting ARKK</h3>\n<p>Michael Burry’s introduction to most of America came in the form of the movie* The Big Short*, which detailed his uncovering of the fraud at the heart of America’s subprime mortgage madness of the mid-2000s. (Burry was played by Christian Bale.)</p>\n<p>By shorting the U.S. housing market, the collapse of which he felt was inevitable, Burry generated a reported $700 million for investors and pocketed about $100 million for himself.</p>\n<p>Burry’s issue with ARRK is the seemingly unsustainable growth expectations being priced into its valuation.</p>\n<p>In a since-deleted tweet from February, Burry compared Wood and ARKK to investor Gary Pilgrim and his PBHG Growth Fund, which soared in the mid-1990s by backing innovative technologies, much like ARKK does.</p>\n<p>After the brief explosion in value tech stocks enjoyed in 1999, PBHG Growth fell by 34% in 2001 and another 30% in 2002.</p>\n<p>Could ARKK be following the same path? After increasing by an eye-popping 153% in 2020 on the back of investments in companies like Tesla, Zoom and Shopify, ARKK has produced negative returns this year.</p>\n<p>The fund is down 4% year to date and has fallen almost 25% since peaking at $156.58 in February. And yet, the fund has drawn in another $6.5 billion in assets this year, according to ETF Stream.</p>\n<p>\"If you know your history, there is a pattern here that can help you,” Burry, who is also shorting Tesla stock, tweeted. “If you don't, you're doomed to repeat it.\"</p>\n<h3>The case for ARKK</h3>\n<p>Wood politely dismisses Burry's skepticism.</p>\n<p>“To his credit, Michael Burry made a great call based on fundamentals and recognized the calamity brewing in the housing/mortgage market,” wrote Wood in an August 17 tweet. “I do not believe that he understands the fundamentals that are creating explosive growth and investment opportunities in the innovation space.”</p>\n<p>Wood went on to tout her belief that the technologies ARK believes and invests in “should transform the world” in the next decade.</p>\n<p>“If we are correct, GDP and revenue growth will diminish until the opportunities in nascent technologies begin to move macro needles. In this environment, innovation based strategies should distinguish themselves.”</p>\n<p>There’s a good chance Wood will inevitably be proven right. But at their current levels, do the sectors and companies she and ARKK are backing have substantial room to run?</p>\n<p><i>Shark Tank</i> host and Dallas Mavericks owner Mark Cuban believes they do. After Burry’s short position in the ARKK fund was made public, Cuban came out in support of ARKK’s investment strategy, particularly its healthy exposure to the artificial intelligence space.</p>\n<p>\"There are 2 kinds of companies in the world: Those who originate their own AI successfully, and everyone else,\" Cuban tweeted. \"The top companies are AI dominate [sic] and running away from their Non-AI competitors. AI's competitive advantage is exponential, but nowhere to be seen on a Balance Sheet.\"</p>\n<h3>The lesson for investors</h3>\n<p>While Cathie Wood and Michael Burry have different opinions on the future of the ARKK ETF, they both approach the question of the fund’s value the same way: through careful, exhaustive research.</p>\n<p>Burry’s analysis might be more backward-looking and Wood’s more speculative, but they’re both weighing the available evidence and making informed decisions — exactly what successful investors would be expected to do.</p>\n<p>Whether you’re investing for short-term growth or long-term stability, it’s important not to rush out and throw your money around until you’re sufficiently educated about the sectors you hope to round out your portfolio with.</p>","source":"lsy1612507957220","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 'Big Short' guy and star stock picker Cathie Wood are feuding — here's why</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\">\nThe 'Big Short' guy and star stock picker Cathie Wood are feuding — here's why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-26 11:43 GMT+8 <a href=https://finance.yahoo.com/news/ark-innovation-etf-sell-big-210000360.html><strong>MoneyWise</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gather ‘round, everybody! Two super investors are fighting!\nWhile it may lack the melodrama of the Kim and Kanye split, the public spat between Michael Burry, the hedge fund manager who famously bet ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ark-innovation-etf-sell-big-210000360.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PBHG":"PBS Holding, Inc."},"source_url":"https://finance.yahoo.com/news/ark-innovation-etf-sell-big-210000360.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101434650","content_text":"Gather ‘round, everybody! Two super investors are fighting!\nWhile it may lack the melodrama of the Kim and Kanye split, the public spat between Michael Burry, the hedge fund manager who famously bet against the country’s housing market and won, and Cathie Wood, the celebrated head of Ark Invest, adds to an important discussion taking place in the investment space.\nBurry, skeptical of its valuation, is currently shorting Ark Invest’s flagship technology exchange-traded fund, Ark Innovation ETF (ARKK). Wood has countered by accusing Burry of not understanding growth in today’s environment.\nWood and Burry have repeatedly proven that they know what they’re talking about. But in this case, they can’t both be right.\nWhy Burry is shorting ARKK\nMichael Burry’s introduction to most of America came in the form of the movie* The Big Short*, which detailed his uncovering of the fraud at the heart of America’s subprime mortgage madness of the mid-2000s. (Burry was played by Christian Bale.)\nBy shorting the U.S. housing market, the collapse of which he felt was inevitable, Burry generated a reported $700 million for investors and pocketed about $100 million for himself.\nBurry’s issue with ARRK is the seemingly unsustainable growth expectations being priced into its valuation.\nIn a since-deleted tweet from February, Burry compared Wood and ARKK to investor Gary Pilgrim and his PBHG Growth Fund, which soared in the mid-1990s by backing innovative technologies, much like ARKK does.\nAfter the brief explosion in value tech stocks enjoyed in 1999, PBHG Growth fell by 34% in 2001 and another 30% in 2002.\nCould ARKK be following the same path? After increasing by an eye-popping 153% in 2020 on the back of investments in companies like Tesla, Zoom and Shopify, ARKK has produced negative returns this year.\nThe fund is down 4% year to date and has fallen almost 25% since peaking at $156.58 in February. And yet, the fund has drawn in another $6.5 billion in assets this year, according to ETF Stream.\n\"If you know your history, there is a pattern here that can help you,” Burry, who is also shorting Tesla stock, tweeted. “If you don't, you're doomed to repeat it.\"\nThe case for ARKK\nWood politely dismisses Burry's skepticism.\n“To his credit, Michael Burry made a great call based on fundamentals and recognized the calamity brewing in the housing/mortgage market,” wrote Wood in an August 17 tweet. “I do not believe that he understands the fundamentals that are creating explosive growth and investment opportunities in the innovation space.”\nWood went on to tout her belief that the technologies ARK believes and invests in “should transform the world” in the next decade.\n“If we are correct, GDP and revenue growth will diminish until the opportunities in nascent technologies begin to move macro needles. In this environment, innovation based strategies should distinguish themselves.”\nThere’s a good chance Wood will inevitably be proven right. But at their current levels, do the sectors and companies she and ARKK are backing have substantial room to run?\nShark Tank host and Dallas Mavericks owner Mark Cuban believes they do. After Burry’s short position in the ARKK fund was made public, Cuban came out in support of ARKK’s investment strategy, particularly its healthy exposure to the artificial intelligence space.\n\"There are 2 kinds of companies in the world: Those who originate their own AI successfully, and everyone else,\" Cuban tweeted. \"The top companies are AI dominate [sic] and running away from their Non-AI competitors. AI's competitive advantage is exponential, but nowhere to be seen on a Balance Sheet.\"\nThe lesson for investors\nWhile Cathie Wood and Michael Burry have different opinions on the future of the ARKK ETF, they both approach the question of the fund’s value the same way: through careful, exhaustive research.\nBurry’s analysis might be more backward-looking and Wood’s more speculative, but they’re both weighing the available evidence and making informed decisions — exactly what successful investors would be expected to do.\nWhether you’re investing for short-term growth or long-term stability, it’s important not to rush out and throw your money around until you’re sufficiently educated about the sectors you hope to round out your portfolio with.","news_type":1,"symbols_score_info":{"PBHG":0.9}},"isVote":1,"tweetType":1,"viewCount":1678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810117997,"gmtCreate":1629951844219,"gmtModify":1676530182499,"author":{"id":"4090293128868610","authorId":"4090293128868610","name":"BennyB","avatar":"https://static.tigerbbs.com/e0437be526d49a07c745e3c48494e846","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090293128868610","idStr":"4090293128868610"},"themes":[],"htmlText":"Likelike","listText":"Likelike","text":"Likelike","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/810117997","repostId":"1197778368","repostType":4,"isVote":1,"tweetType":1,"viewCount":2404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837346884,"gmtCreate":1629859532948,"gmtModify":1676530154630,"author":{"id":"4090293128868610","authorId":"4090293128868610","name":"BennyB","avatar":"https://static.tigerbbs.com/e0437be526d49a07c745e3c48494e846","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090293128868610","idStr":"4090293128868610"},"themes":[],"htmlText":"Based","listText":"Based","text":"Based","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/837346884","repostId":"2162087564","repostType":4,"repost":{"id":"2162087564","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":1629836173,"share":"https://ttm.financial/m/news/2162087564?lang=&edition=fundamental","pubTime":"2021-08-25 04:16","market":"us","language":"en","title":"Wall St extends rally, pushing S&P 500 to 50th all-time high close this year","url":"https://stock-news.laohu8.com/highlight/detail?id=2162087564","media":"Reuters","summary":"NEW YORK, Aug 24 (Reuters) - Wall Street ended higher in a late-summer, light volume rally on Tuesda","content":"<p>NEW YORK, Aug 24 (Reuters) - Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA's full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.</p>\n<p>All three major U.S. stock indexes advanced higher, with the S&P 500 and the Nasdaq closing at all-time closing highs.</p>\n<p>The session marked the S&P 500's 50th record high close so far this year.</p>\n<p>Tech and tech-adjacent megacaps were once again doing the heavy lifting, but economically sensitive cyclicals and smallcaps outperformed the broader market.</p>\n<p>\"Investors are looking at the horizon at the big Jackson Hole meeting on the horizon,\" Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina, referring to the Federal Reserve’s annual economic symposium on Friday. \"But for now the feel-good from yesterday’s vaccine news is still in the air.\"</p>\n<p>The Food and Drug Administration's full approval of the Pfizer-BioNTech COVID-19 vaccine on Monday fueled optimism over economic recovery which spilled into Tuesday's session.</p>\n<p>Travel and leisure sectors, associated with economic re-engagement, outperformed the broader market. The S&P 1500 Airline and Hotel/Restaurant/Leisure indexes gained up 3.7% and 1.6%, respectively.</p>\n<p>\"We have energy, retail, travel, leisure, financials, and small caps all doing well today,\" Detrick said. \"And that’s a sign that the reopening is alive and well.\"</p>\n<p>Recent economic indicators suggest the recovery from the most abrupt recession in U.S. history is headed in the right direction, but not to the extent that is likely to prompt the Fed to tighten its dovish monetary policy.</p>\n<p>Fed Chair Jerome Powell is due to meet with other world bank leaders when the Jackson Hole Symposium convenes later this week, and his remarks will be closely parsed for any clues regarding the Fed's tapering of asset purchases and hiking key interest rates.</p>\n<p>The event will take place virtually and not in person due to the spread of COVID-19 in the county, which has reduced expectations that any major announcement will be made at the event.</p>\n<p>\"The fact that the Fed is having a virtual (Jackson Hole) meeting tells you that they might be thinking maybe they need to keep supporting the economy,\" said Detrick.</p>\n<p>The Dow Jones Industrial Average rose 30.55 points, or 0.09%, to 35,366.26, the S&P 500 gained 6.7 points, or 0.15%, to 4,486.23 and the Nasdaq Composite added 77.15 points, or 0.52%, to 15,019.80.</p>\n<p>Energy was the top gainer among the 11 major sectors in the S&P 500, boosted by the continued rally in crude prices.</p>\n<p>Best Buy Co Inc jumped 8.3% after the electronics retailer beat analyst earnings expectations and raised its full year sales forecast.</p>\n<p>U.S.-listed shares of China-based e-commerce platform Pinduoduo Inc surged 22.2% after reporting its first ever quarterly profit.</p>\n<p>JD.com gained 14.4% in the wake of the Chinese online retailer's remarks on Monday that it does not expect any business impact from a wave of regulations hitting the industry at home.</p>\n<p>Other shares of Chinese companies listed on U.S. exchanges were bouncing back as well, with the Invesco Golden Dragon ETF jumping 8.0%.</p>\n<p>Cybersecurity firm <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a> Inc advanced18.6% as brokerages raised their price targets following its full-year forecast beat.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.17-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored advancers.</p>\n<p>The S&P 500 posted 28 new 52-week highs and <a href=\"https://laohu8.com/S/AONE.U\">one</a> new low; the Nasdaq Composite recorded 96 new highs and 37 new lows.</p>\n<p>Volume on U.S. exchanges was 8.97 billion shares, compared with the 9.08 billion average over the last 20 trading days.</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 St extends rally, pushing S&P 500 to 50th all-time high close this year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall St extends rally, pushing S&P 500 to 50th all-time high close this year\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\">2021-08-25 04:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, Aug 24 (Reuters) - Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA's full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.</p>\n<p>All three major U.S. stock indexes advanced higher, with the S&P 500 and the Nasdaq closing at all-time closing highs.</p>\n<p>The session marked the S&P 500's 50th record high close so far this year.</p>\n<p>Tech and tech-adjacent megacaps were once again doing the heavy lifting, but economically sensitive cyclicals and smallcaps outperformed the broader market.</p>\n<p>\"Investors are looking at the horizon at the big Jackson Hole meeting on the horizon,\" Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina, referring to the Federal Reserve’s annual economic symposium on Friday. \"But for now the feel-good from yesterday’s vaccine news is still in the air.\"</p>\n<p>The Food and Drug Administration's full approval of the Pfizer-BioNTech COVID-19 vaccine on Monday fueled optimism over economic recovery which spilled into Tuesday's session.</p>\n<p>Travel and leisure sectors, associated with economic re-engagement, outperformed the broader market. The S&P 1500 Airline and Hotel/Restaurant/Leisure indexes gained up 3.7% and 1.6%, respectively.</p>\n<p>\"We have energy, retail, travel, leisure, financials, and small caps all doing well today,\" Detrick said. \"And that’s a sign that the reopening is alive and well.\"</p>\n<p>Recent economic indicators suggest the recovery from the most abrupt recession in U.S. history is headed in the right direction, but not to the extent that is likely to prompt the Fed to tighten its dovish monetary policy.</p>\n<p>Fed Chair Jerome Powell is due to meet with other world bank leaders when the Jackson Hole Symposium convenes later this week, and his remarks will be closely parsed for any clues regarding the Fed's tapering of asset purchases and hiking key interest rates.</p>\n<p>The event will take place virtually and not in person due to the spread of COVID-19 in the county, which has reduced expectations that any major announcement will be made at the event.</p>\n<p>\"The fact that the Fed is having a virtual (Jackson Hole) meeting tells you that they might be thinking maybe they need to keep supporting the economy,\" said Detrick.</p>\n<p>The Dow Jones Industrial Average rose 30.55 points, or 0.09%, to 35,366.26, the S&P 500 gained 6.7 points, or 0.15%, to 4,486.23 and the Nasdaq Composite added 77.15 points, or 0.52%, to 15,019.80.</p>\n<p>Energy was the top gainer among the 11 major sectors in the S&P 500, boosted by the continued rally in crude prices.</p>\n<p>Best Buy Co Inc jumped 8.3% after the electronics retailer beat analyst earnings expectations and raised its full year sales forecast.</p>\n<p>U.S.-listed shares of China-based e-commerce platform Pinduoduo Inc surged 22.2% after reporting its first ever quarterly profit.</p>\n<p>JD.com gained 14.4% in the wake of the Chinese online retailer's remarks on Monday that it does not expect any business impact from a wave of regulations hitting the industry at home.</p>\n<p>Other shares of Chinese companies listed on U.S. exchanges were bouncing back as well, with the Invesco Golden Dragon ETF jumping 8.0%.</p>\n<p>Cybersecurity firm <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a> Inc advanced18.6% as brokerages raised their price targets following its full-year forecast beat.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.17-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored advancers.</p>\n<p>The S&P 500 posted 28 new 52-week highs and <a href=\"https://laohu8.com/S/AONE.U\">one</a> new low; the Nasdaq Composite recorded 96 new highs and 37 new lows.</p>\n<p>Volume on U.S. exchanges was 8.97 billion shares, compared with the 9.08 billion average over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".IXIC":"NASDAQ Composite","IVV":"标普500ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares",".DJI":"道琼斯",".SPX":"S&P 500 Index","OEX":"标普100","SPY":"标普500ETF","SH":"做空标普500-Proshares","OEF":"标普100指数ETF-iShares","SSO":"2倍做多标普500ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162087564","content_text":"NEW YORK, Aug 24 (Reuters) - Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA's full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.\nAll three major U.S. stock indexes advanced higher, with the S&P 500 and the Nasdaq closing at all-time closing highs.\nThe session marked the S&P 500's 50th record high close so far this year.\nTech and tech-adjacent megacaps were once again doing the heavy lifting, but economically sensitive cyclicals and smallcaps outperformed the broader market.\n\"Investors are looking at the horizon at the big Jackson Hole meeting on the horizon,\" Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina, referring to the Federal Reserve’s annual economic symposium on Friday. \"But for now the feel-good from yesterday’s vaccine news is still in the air.\"\nThe Food and Drug Administration's full approval of the Pfizer-BioNTech COVID-19 vaccine on Monday fueled optimism over economic recovery which spilled into Tuesday's session.\nTravel and leisure sectors, associated with economic re-engagement, outperformed the broader market. The S&P 1500 Airline and Hotel/Restaurant/Leisure indexes gained up 3.7% and 1.6%, respectively.\n\"We have energy, retail, travel, leisure, financials, and small caps all doing well today,\" Detrick said. \"And that’s a sign that the reopening is alive and well.\"\nRecent economic indicators suggest the recovery from the most abrupt recession in U.S. history is headed in the right direction, but not to the extent that is likely to prompt the Fed to tighten its dovish monetary policy.\nFed Chair Jerome Powell is due to meet with other world bank leaders when the Jackson Hole Symposium convenes later this week, and his remarks will be closely parsed for any clues regarding the Fed's tapering of asset purchases and hiking key interest rates.\nThe event will take place virtually and not in person due to the spread of COVID-19 in the county, which has reduced expectations that any major announcement will be made at the event.\n\"The fact that the Fed is having a virtual (Jackson Hole) meeting tells you that they might be thinking maybe they need to keep supporting the economy,\" said Detrick.\nThe Dow Jones Industrial Average rose 30.55 points, or 0.09%, to 35,366.26, the S&P 500 gained 6.7 points, or 0.15%, to 4,486.23 and the Nasdaq Composite added 77.15 points, or 0.52%, to 15,019.80.\nEnergy was the top gainer among the 11 major sectors in the S&P 500, boosted by the continued rally in crude prices.\nBest Buy Co Inc jumped 8.3% after the electronics retailer beat analyst earnings expectations and raised its full year sales forecast.\nU.S.-listed shares of China-based e-commerce platform Pinduoduo Inc surged 22.2% after reporting its first ever quarterly profit.\nJD.com gained 14.4% in the wake of the Chinese online retailer's remarks on Monday that it does not expect any business impact from a wave of regulations hitting the industry at home.\nOther shares of Chinese companies listed on U.S. exchanges were bouncing back as well, with the Invesco Golden Dragon ETF jumping 8.0%.\nCybersecurity firm Palo Alto Networks Inc advanced18.6% as brokerages raised their price targets following its full-year forecast beat.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.17-to-1 ratio; on Nasdaq, a 1.82-to-1 ratio favored advancers.\nThe S&P 500 posted 28 new 52-week highs and one new low; the Nasdaq Composite recorded 96 new highs and 37 new lows.\nVolume on U.S. exchanges was 8.97 billion shares, compared with the 9.08 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,".IXIC":0.9,"OEX":0.9,".SPX":0.9,"SPXU":0.9,"SSO":0.9,"IVV":0.9,"SPY":0.9,".DJI":0.9,"SH":0.9,"UPRO":0.9,"SDS":0.9,"OEF":0.9,"ESmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}