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2023-03-28

[呆住]

Opening | All three major US stock indexes opened higher, with regional bank stocks rising.

2023-03-28

[真香]

Microsoft's 154-page research paper goes viral! The most comprehensive test of GPT-4 has been revealed, claiming it is the first time it has opened the door to AGI.

2023-03-28

[惊讶]

Learning from history: How far is the US economy from recession after the banking crisis?

2023-03-28

[财迷]

Pre-market | Silicon Valley Bank to be "taken over"! First Citizen Bank shares surge nearly 40%

2023-03-27

[开心]

Banks "catch fire," technology "benefits"

2023-03-25

[开心]

After banks, is it the turn of hedge funds? US regulators warn of risks!

2023-03-25

[呆住]

Sorry, the original content has been removed

2023-03-25

[呆住]

Unusual Movement | Big News Announced: Faraday Future Surges! Block continues to fall after being targeted by short-selling institutions.

2023-03-25

[傲娇]

Sorry, the original content has been removed

2023-03-24

[惊讶]

The job market remains tight, and the number of initial jobless claims in the United States unexpectedly fell for the second consecutive week.

Go to Tiger App to see more news

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21:30","market":"us","language":"zh","title":"Opening | All three major US stock indexes opened higher, with regional bank stocks rising.","url":"https://stock-news.laohu8.com/highlight/detail?id=1192976667","media":"老虎资讯综合","summary":"3月27日，美股三大指数集体高开，道琼斯指数开盘上涨39.19点，涨幅0.12%，报32276.72点；标普500指数开盘上涨25.06点，涨幅0.63%，报3996.05点；纳斯达克综合指数开盘上涨","content":"<p><html><head></head><body>On March 27, the three major U.S. stock indexes opened higher, with the Dow Jones Industrial Average rising 39.19 points, or 0.12%, to 32,276.72. The S&P 500 opened up 25.06 points, or 0.63%, at 3996.05. The Nasdaq Composite Index opened up 37.50 points, or 0.32%, at 11,861.46.</p><p>U.S. regional bank stocks rose.<a href=\"https://laohu8.com/S/FCNCA\">First Citizen Bank</a>It rose nearly 50%.<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Up more than 30%,<a href=\"https://laohu8.com/S/PACW\">Westpacific United Bank</a>It rose more than 9%.<a href=\"https://laohu8.com/S/WAL\">Allianz Western Bank</a>It rose nearly 7%.</p><p>Most popular Chinese concept stocks fell.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Down 4%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>It fell more than 3%.<a href=\"https://laohu8.com/S/JD\">JD.com</a>It fell by more than 2%.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose more than 2% after Barclays expected its first-quarter deliveries to exceed expectations.</p><p><a href=\"https://laohu8.com/S/PINS\">Pinterest</a>UBS upgraded its rating to buy after rising 4.3%, saying its share price could rise by more than 25% due to its advertising improvement plan.</p><p><a href=\"https://laohu8.com/S/ROKU\">year</a>Up more than 5%, Susquehanna upgraded its rating to \"positive,\" calling it a \"major beneficiary\" of connected TVs.</p><p><a href=\"https://laohu8.com/S/BNTX\">Biotech</a>Down more than 6%, BioNTech's Q4 results exceeded expectations, but this year's vaccine revenue guidance is only 5 billion euros, far below the expected 8.95 billion euros.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening | All three major US stock indexes opened higher, with regional bank stocks rising.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-03-27 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On March 27, the three major U.S. stock indexes opened higher, with the Dow Jones Industrial Average rising 39.19 points, or 0.12%, to 32,276.72. The S&P 500 opened up 25.06 points, or 0.63%, at 3996.05. The Nasdaq Composite Index opened up 37.50 points, or 0.32%, at 11,861.46.</p><p>U.S. regional bank stocks rose.<a href=\"https://laohu8.com/S/FCNCA\">First Citizen Bank</a>It rose nearly 50%.<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Up more than 30%,<a href=\"https://laohu8.com/S/PACW\">Westpacific United Bank</a>It rose more than 9%.<a href=\"https://laohu8.com/S/WAL\">Allianz Western Bank</a>It rose nearly 7%.</p><p>Most popular Chinese concept stocks fell.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Down 4%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>It fell more than 3%.<a href=\"https://laohu8.com/S/JD\">JD.com</a>It fell by more than 2%.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose more than 2% after Barclays expected its first-quarter deliveries to exceed expectations.</p><p><a href=\"https://laohu8.com/S/PINS\">Pinterest</a>UBS upgraded its rating to buy after rising 4.3%, saying its share price could rise by more than 25% due to its advertising improvement plan.</p><p><a href=\"https://laohu8.com/S/ROKU\">year</a>Up more than 5%, Susquehanna upgraded its rating to \"positive,\" calling it a \"major beneficiary\" of connected TVs.</p><p><a href=\"https://laohu8.com/S/BNTX\">Biotech</a>Down more than 6%, BioNTech's Q4 results exceeded expectations, but this year's vaccine revenue guidance is only 5 billion euros, far below the expected 8.95 billion euros.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{"LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","BK4581":"高盛持仓",".DJI":"道琼斯","BK4099":"汽车制造商","BIDU":"百度","BK4511":"特斯拉概念",".IXIC":"NASDAQ Composite","BK4585":"ETF&股票定投概念","SPY":"标普500ETF",".SPX":"S&P 500 Index","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","PDD":"拼多多","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1548497426.USD":"安联环球人工智能AT Acc","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","WAL":"阿莱恩斯西部银行","BK4505":"高瓴资本持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","TSLA":"特斯拉","BK4504":"桥水持仓","LU0097036916.USD":"贝莱德美国增长A2 USD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","UPRO":"三倍做多标普500ETF-ProShares","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","UDOW":"三倍做多道指30ETF-ProShares","BK4548":"巴美列捷福持仓","IQ":"爱奇艺","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","JD":"京东","BK4574":"无人驾驶","LU2063271972.USD":"富兰克林创新领域基金","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192976667","content_text":"3月27日，美股三大指数集体高开，道琼斯指数开盘上涨39.19点，涨幅0.12%，报32276.72点；标普500指数开盘上涨25.06点，涨幅0.63%，报3996.05点；纳斯达克综合指数开盘上涨37.50点，涨幅0.32%，报11861.46点。美股地区性银行股走高，第一公民银行涨近50%，第一共和银行涨超30%，西太平洋合众银行涨逾9%，阿莱恩斯西部银行涨近7%。热门中概股多数下跌，拼多多跌4%，百度、爱奇艺跌超3%，京东跌超2%。特斯拉涨超2%，此前巴克莱预计该公司第一季度的交付量将超过预期。Pinterest涨4.3%，瑞银将其评级提升至买入，称其股价可能因广告改善计划而上涨超过25%。Roku涨超5%，Susquehanna将其上调评级至“正面”，称其为联网电视“主要受益者”。BioNTech跌超6%，BioNTech Q4业绩虽然超过了预期，但今年疫苗收入指引仅为50亿欧元，远低于预期的89.5亿欧元。","news_type":1,"symbols_score_info":{".SPX":0.9,"TSLA":0.9,"UDOW":0.9,"QNETCN":0.9,"BIDU":0.9,"SPY":0.9,".DJI":0.9,"JD":0.9,".IXIC":0.9,"UPRO":0.9,"WAL":0.9,"FRC":0.9,"IQ":0.9,"PDD":0.9}},"isVote":1,"tweetType":1,"viewCount":4971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941972608,"gmtCreate":1679937702404,"gmtModify":1679937705869,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142132894490722","authorIdStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[真香]&nbsp;","listText":"[真香]&nbsp;","text":"[真香]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941972608","repostId":"1126058534","repostType":4,"repost":{"id":"1126058534","kind":"news","pubTimestamp":1679914944,"share":"https://ttm.financial/m/news/1126058534?lang=en_US&edition=fundamental","pubTime":"2023-03-27 19:02","market":"us","language":"zh","title":"Microsoft's 154-page research paper goes viral! The most comprehensive test of GPT-4 has been revealed, claiming it is the first time it has opened the door to AGI.","url":"https://stock-news.laohu8.com/highlight/detail?id=1126058534","media":"CSDN","summary":"2019 年，微软用 10 亿美元砸进 OpenAI，两者展开为期数年的合作。当时两家对外公开的合作内容包括，微软和 OpenAI 将联合开发新的 Azure AI 超级计算技术，而 OpenAI 也","content":"<p><html><head></head><body>In 2019, Microsoft invested $1 billion in OpenAI, and the two began a multi-year collaboration.</p><p>At the time, the publicly announced collaboration between the two companies included that Microsoft and OpenAI would jointly develop the new Azure AI supercomputing technology, while OpenAI would transfer its services to Azure, with the ultimate goal of launching an offensive against Artificial General Intelligence (AGI) technology.</p><p>In short, the collaboration between Microsoft and OpenAI has been interpreted by outsiders as ostensibly AGI research, but covertly vying for the Google market.</p><p>A few years later, when OpenAI made a triumphant return with ChatGPT and GPT-4, and Microsoft took the lead in using these technologies to invest in new businesses and products such as Bing, the Office suite, and Azure, there was no doubt that its progress had already surpassed Google's overall pace of accelerating its integration into the Bard model.</p><p>So, on the surface, where has AGI progressed?</p><p>Recently, a Microsoft research team provided the answer in a 154-page paper report.<b>The GPT-4 language model can be considered an early version of AGI!</b></p><p><img src=\"https://static.tigerbbs.com/d03f8e255882a99c71fc0f021a323b16\" tg-width=\"1080\" tg-height=\"811\" referrerpolicy=\"no-referrer\"/></p><p>This paper has caused a huge stir, and the industry's reaction to it is no less absurd than when I heard \"Google engineer says AI has self-awareness\" last year. However, now that I think about it again, I think it's impossible, but after reading it in depth, I feel that it is somewhat true.</p><p>The so-called AGI is explained only by Wikipedia: \"AGI is artificial intelligence that has the same intelligence as humans or surpasses humans, and can perform all the intelligent behaviors of normal humans.\" If GPT-4 has truly become the first step towards AGI, is the title of \"supreme intelligent being\" about to change hands?</p><p><b>GPT-4 is reasonably considered an early (but still incomplete) version of AGI.</b></p><p>In their paper, Microsoft researchers stated, \"The latest model, GPT-4, developed by OpenAI, was trained using unprecedented computational and data scales. In the paper, we report on our investigation of an early version of GPT-4, which was still under active development by OpenAI. We believe that (this early version of) GPT-4 is part of a new batch of LLMs (e.g., along with ChatGPT and Google's PaLM), and it exhibits more general intelligence than previous AI models.\"</p><p>Meanwhile, the researchers wrote in the paper abstract, \"We demonstrate that, in addition to mastering language, GPT-4 can solve novel and difficult tasks across fields such as mathematics, coding, vision, medicine, law, and psychology without requiring any special prompts. Furthermore,\"<b>In</b>In all these tasks, GPT-4 performed surprisingly close to human levels, and often significantly outperformed previous models such as ChatGPT.<b>。 Given the breadth and depth of GPT-4’s capabilities, we believe it is reasonable to consider it an early (but still incomplete) version of an artificial general intelligence (AGI) system.</b>”</p><p>This conclusion was reached by the authors behind this paper, including Sébastien Bubeck, Senior Principal Research Manager of the Machine Learning Fundamentals Group at Microsoft Research, Varun Chandrasekaran, a postdoctoral researcher, and Ronen Eldan, who used numerous examples to verify the capabilities of GPT-4.</p><p><b>GPT-4's multiple capabilities</b></p><p>In the first case, the researchers asked GPT-4 to \"write a proof with an infinite number of prime numbers, and the expression of the proof should rhyme on every line,\" and GPT-4 should draw a unicorn in the drawing program TiKZ. Among them, TiKZ (a language for creating graphics in LATEX) uses Python to create a complex animation and solve a high school-level math problem.</p><p>GPT-4 is easily successful in all these tasks, and the output it produces is essentially no different from (or even better than) what humans can produce.</p><p><img src=\"https://static.tigerbbs.com/05d65285f01dbb0ac96bbf0802df8511\" tg-width=\"1080\" tg-height=\"519\" referrerpolicy=\"no-referrer\"/></p><p>Meanwhile, as time goes by, GPT-4 is also expanding its capabilities at an unimaginable speed. The image below shows a drawing generated by researchers using the same prompts for GPT-4 over a period of one month.</p><p><img src=\"https://static.tigerbbs.com/83a00d527473c5f93eb1b79b5bae32c3\" tg-width=\"1080\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/></p><p>Researchers have found that GPT-4 appears to be able to understand and connect to any topic and perform tasks, which goes beyond the typical scope of narrow artificial intelligence systems. To verify GPT-4's capabilities in AGI, researchers have proposed a different approach to studying GPT-4 that is closer to traditional psychology than machine learning, leveraging human creativity and curiosity.</p><p>Therefore, taking the image above as an example, when researchers consider the code for the unicorn horn part to be deleted and let GPT-4 generate it using natural language, it can also achieve the ability to \"see\" (the GPT-4 version being tested at this time is not multimodal): automatically adding horns in the appropriate positions. This demonstrates that GPT-4 can understand and manipulate code based on natural language descriptions, as well as inference and generate visual features.</p><p><img src=\"https://static.tigerbbs.com/4ca60dc79c4d71f395fb827dac68a3e0\" tg-width=\"1080\" tg-height=\"475\" referrerpolicy=\"no-referrer\"/></p><p>In addition, the Microsoft research team generated novel and difficult problems based on human creativity and curiosity, and explored GPT-4's reactions and behaviors. They also chose to verify different abilities given in the 1994 international consensus definition of intelligence, including the ability to reason, plan, solve problems, think abstractly, understand complex ideas, learn quickly, and learn from experience.</p><p><b>translate</b></p><p>GPT-4's main advantage is its unparalleled mastery of natural language. It can not only generate smooth and coherent text, but also understand and process it in various ways, such as summarizing, translating, or answering extremely complex questions. Furthermore, the translation mentioned here refers not only to translation between different natural languages, but also to translation of tone and style, as well as translation across fields such as medicine, law, accounting, computer programming, music, and so on. For example, assuming a Platonic critical autoregressive language model:</p><p><img src=\"https://static.tigerbbs.com/bc0f4c13eabe0eee91bdb3f266d8e88f\" tg-width=\"643\" tg-height=\"748\" referrerpolicy=\"no-referrer\"/></p><p><b>Coding and Data</b></p><p>Coding and mathematics are symbols of abstract reasoning and thinking abilities. GPT-4's capabilities in this regard have been evident to all since the day it was launched for testing.</p><p>In the paper, the researchers benchmarked GPT-4 on HumanEval, a dataset of 164 coding questions that tested various aspects of programming logic and proficiency.</p><p>The final results showed that GPT-4 outperformed other LLMs, including text-davinci-003 (ChatGPT's basic model) and other models specifically trained for code.</p><p><img src=\"https://static.tigerbbs.com/d65bda6dc18d1d667cbc6bee5b25d630\" tg-width=\"1080\" tg-height=\"145\" referrerpolicy=\"no-referrer\"/></p><p>Of course, to prevent GPT-4 from already memorizing some content from the HumanEval dataset during pre-training, the research team also tested it using 100 newly published programming questions on LeetCode, such as asking GPT-4 to write a Python function and using LeetCode's official online evaluation to check its correctness.</p><p><img src=\"https://static.tigerbbs.com/32198a63144b30ac084460aca53b470d\" tg-width=\"656\" tg-height=\"776\" referrerpolicy=\"no-referrer\"/></p><p>Without a doubt, GPT-4 has the highest capabilities among all models.</p><p><img src=\"https://static.tigerbbs.com/f544122b5a2a69928f152fe11ef42051\" tg-width=\"1080\" tg-height=\"272\" referrerpolicy=\"no-referrer\"/></p><p>It can write a 3D game in HTML using JavaScript.</p><p><img src=\"https://static.tigerbbs.com/49af5147998d6cc67c45b9710518b7e8\" tg-width=\"644\" tg-height=\"731\" referrerpolicy=\"no-referrer\"/></p><p>They can also master mathematical and statistical knowledge, and write deep learning code with their familiarity with frameworks and libraries such as PyTorch, TensorFlow, and Keras.</p><p><img src=\"https://static.tigerbbs.com/70e023c35eb4416661dc7b46412adc06\" tg-width=\"1080\" tg-height=\"991\" referrerpolicy=\"no-referrer\"/></p><p>It can also be reverse engineered:</p><p><img src=\"https://static.tigerbbs.com/44cb9dfe023db457e53f1f7c60b760e2\" tg-width=\"1080\" tg-height=\"1019\" referrerpolicy=\"no-referrer\"/></p><p><b>common sense problem</b></p><p>For some common-sense questions, such as \"We have a book, 9 eggs, a laptop, a bottle, and a nail. Please tell me how to stack them together in a stable way,\" GPT-4's answer is \"Arrange the 9 eggs into a 3x3 square, place them on top of the book, and leave some space between them.\" ChatGPT suggests \"Place the eggs on the nails, making sure they are balanced and don't tilt to one side.\" Reliability and absurdity can be distinguished at a glance.</p><p><img src=\"https://static.tigerbbs.com/db1f9cd47eca000a48ae1dd5d793ab4c\" tg-width=\"638\" tg-height=\"658\" referrerpolicy=\"no-referrer\"/></p><p><b>multimodal capability</b></p><p>To test the model's ability to combine artistic and programming skills, researchers asked GPT-4 to \"generate JavaScript code to generate random images in the style of the painter Kandinsky,\" and the result was as follows:</p><p><img src=\"https://static.tigerbbs.com/81d7625bce02914c0f74f27386737a1d\" tg-width=\"658\" tg-height=\"812\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/35c83936be2891ecd60fb804bd707a94\" tg-width=\"1080\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>During testing, because researchers obtained the GPT-4 model relatively early, it did not have multimodal capabilities at the time, and even the current GPT-4 does not have the ability to generate images.</p><p>However, you can use SVG (Scalable Vector Graphics) to generate some images:</p><p><img src=\"https://static.tigerbbs.com/938a3d2786522a3e75078990fa422fb7\" tg-width=\"1080\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>It can also combine letters and objects:</p><p><img src=\"https://static.tigerbbs.com/083df94d8b1309e5ebd0c477503ebf81\" tg-width=\"1080\" tg-height=\"974\" referrerpolicy=\"no-referrer\"/></p><p>GPT-4 can generate code from prompts, which can be rendered as images. When combined with existing image synthesis models, it has the potential to bring unlimited possibilities to application development sketches:</p><p><img src=\"https://static.tigerbbs.com/a9141519e08c8398a0423d686ba1ec9b\" tg-width=\"1080\" tg-height=\"532\" referrerpolicy=\"no-referrer\"/></p><p>It's worth noting that the GPT-4 model's data also includes music information encoded with ABC symbols, so it can also generate graphs:</p><p><img src=\"https://static.tigerbbs.com/641412ac4938a0b06ea2bf083ed0d47c\" tg-width=\"643\" tg-height=\"870\" referrerpolicy=\"no-referrer\"/></p><p><b>The ability to interact with the world</b></p><p>A key aspect of intelligence is interactivity. However, GPT-4 has certain limitations in recognizing the latest knowledge and symbols:</p><p><img src=\"https://static.tigerbbs.com/9e339e3647654071378efb8900a12f3e\" tg-width=\"1080\" tg-height=\"759\" referrerpolicy=\"no-referrer\"/></p><p>Overall, the research team found that GPT-4 achieved near-human-level performance in a range of categories lacking in its previous generation. According to the paper, GPT-4 also performed very well in several exams, scoring 90, 88, and 86 on the bar exam, the LSAT, and the registered sommelier theory test, respectively.</p><p><b>How far is GPT-4 from the ideal AGI?</b></p><p>So, given the various capabilities GPT-4 has achieved, does this signify the arrival of the AGI era? This is not actually the case; researchers have not yet reached an agreement on the definition of AGI or intelligence. However, generally speaking, everyone agrees that AGI has been reached when an artificial intelligence system is conscious and thinks like a human. While GPT-4 outperforms humans in some tasks, it is noteworthy that artificial intelligence has not overcome these obstacles in the same way as humans.</p><p>As the researchers wrote in their paper, \"We claim that GPT-4 represents an advancement in AGI, but this does not mean that it is perfect in what it does, or that it is close to being able to do anything that humans can do (which is one of the common definitions of AGI), or that it has an inherent motivation and goal.\"</p><p>Researchers point out that while GPT-4 \"reaches or exceeds human levels in many tasks,\" its overall \"intelligence model is clearly unlike that of humans.\" They hope this exploration provides a first step in appreciating GPT-4's extraordinary capabilities and challenges, and that GPT-4 will open up new opportunities for developing more formal and comprehensive methods to test and analyze future artificial intelligence systems with such broad intelligence.</p><p>\"The core proposition of our work is that GPT-4 has achieved a form of general intelligence that has indeed sparked the AGI. This is evident in its core mental capabilities (such as reasoning, creativity, and reasoning), the subject range of expertise it acquires (such as literature, medicine, and coding), and the various tasks it can perform (such as playing games, using tools, explaining itself, ...),\" the researchers stated. However, much remains to be done to create a system that can be called a complete AGI.</p><p>Finally, this paper is worth reading regarding various benchmarks for GPT-4, as it can also uncover more of GPT-4's potential.</p><p></body></html></p>","source":"lsy1578046468581","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>Microsoft's 154-page research paper goes viral! The most comprehensive test of GPT-4 has been revealed, claiming it is the first time it has opened the door to AGI.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft's 154-page research paper goes viral! The most comprehensive test of GPT-4 has been revealed, claiming it is the first time it has opened the door to AGI.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CSDN</strong><span class=\"h-time small\">2023-03-27 19:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>In 2019, Microsoft invested $1 billion in OpenAI, and the two began a multi-year collaboration.</p><p>At the time, the publicly announced collaboration between the two companies included that Microsoft and OpenAI would jointly develop the new Azure AI supercomputing technology, while OpenAI would transfer its services to Azure, with the ultimate goal of launching an offensive against Artificial General Intelligence (AGI) technology.</p><p>In short, the collaboration between Microsoft and OpenAI has been interpreted by outsiders as ostensibly AGI research, but covertly vying for the Google market.</p><p>A few years later, when OpenAI made a triumphant return with ChatGPT and GPT-4, and Microsoft took the lead in using these technologies to invest in new businesses and products such as Bing, the Office suite, and Azure, there was no doubt that its progress had already surpassed Google's overall pace of accelerating its integration into the Bard model.</p><p>So, on the surface, where has AGI progressed?</p><p>Recently, a Microsoft research team provided the answer in a 154-page paper report.<b>The GPT-4 language model can be considered an early version of AGI!</b></p><p><img src=\"https://static.tigerbbs.com/d03f8e255882a99c71fc0f021a323b16\" tg-width=\"1080\" tg-height=\"811\" referrerpolicy=\"no-referrer\"/></p><p>This paper has caused a huge stir, and the industry's reaction to it is no less absurd than when I heard \"Google engineer says AI has self-awareness\" last year. However, now that I think about it again, I think it's impossible, but after reading it in depth, I feel that it is somewhat true.</p><p>The so-called AGI is explained only by Wikipedia: \"AGI is artificial intelligence that has the same intelligence as humans or surpasses humans, and can perform all the intelligent behaviors of normal humans.\" If GPT-4 has truly become the first step towards AGI, is the title of \"supreme intelligent being\" about to change hands?</p><p><b>GPT-4 is reasonably considered an early (but still incomplete) version of AGI.</b></p><p>In their paper, Microsoft researchers stated, \"The latest model, GPT-4, developed by OpenAI, was trained using unprecedented computational and data scales. In the paper, we report on our investigation of an early version of GPT-4, which was still under active development by OpenAI. We believe that (this early version of) GPT-4 is part of a new batch of LLMs (e.g., along with ChatGPT and Google's PaLM), and it exhibits more general intelligence than previous AI models.\"</p><p>Meanwhile, the researchers wrote in the paper abstract, \"We demonstrate that, in addition to mastering language, GPT-4 can solve novel and difficult tasks across fields such as mathematics, coding, vision, medicine, law, and psychology without requiring any special prompts. Furthermore,\"<b>In</b>In all these tasks, GPT-4 performed surprisingly close to human levels, and often significantly outperformed previous models such as ChatGPT.<b>。 Given the breadth and depth of GPT-4’s capabilities, we believe it is reasonable to consider it an early (but still incomplete) version of an artificial general intelligence (AGI) system.</b>”</p><p>This conclusion was reached by the authors behind this paper, including Sébastien Bubeck, Senior Principal Research Manager of the Machine Learning Fundamentals Group at Microsoft Research, Varun Chandrasekaran, a postdoctoral researcher, and Ronen Eldan, who used numerous examples to verify the capabilities of GPT-4.</p><p><b>GPT-4's multiple capabilities</b></p><p>In the first case, the researchers asked GPT-4 to \"write a proof with an infinite number of prime numbers, and the expression of the proof should rhyme on every line,\" and GPT-4 should draw a unicorn in the drawing program TiKZ. Among them, TiKZ (a language for creating graphics in LATEX) uses Python to create a complex animation and solve a high school-level math problem.</p><p>GPT-4 is easily successful in all these tasks, and the output it produces is essentially no different from (or even better than) what humans can produce.</p><p><img src=\"https://static.tigerbbs.com/05d65285f01dbb0ac96bbf0802df8511\" tg-width=\"1080\" tg-height=\"519\" referrerpolicy=\"no-referrer\"/></p><p>Meanwhile, as time goes by, GPT-4 is also expanding its capabilities at an unimaginable speed. The image below shows a drawing generated by researchers using the same prompts for GPT-4 over a period of one month.</p><p><img src=\"https://static.tigerbbs.com/83a00d527473c5f93eb1b79b5bae32c3\" tg-width=\"1080\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/></p><p>Researchers have found that GPT-4 appears to be able to understand and connect to any topic and perform tasks, which goes beyond the typical scope of narrow artificial intelligence systems. To verify GPT-4's capabilities in AGI, researchers have proposed a different approach to studying GPT-4 that is closer to traditional psychology than machine learning, leveraging human creativity and curiosity.</p><p>Therefore, taking the image above as an example, when researchers consider the code for the unicorn horn part to be deleted and let GPT-4 generate it using natural language, it can also achieve the ability to \"see\" (the GPT-4 version being tested at this time is not multimodal): automatically adding horns in the appropriate positions. This demonstrates that GPT-4 can understand and manipulate code based on natural language descriptions, as well as inference and generate visual features.</p><p><img src=\"https://static.tigerbbs.com/4ca60dc79c4d71f395fb827dac68a3e0\" tg-width=\"1080\" tg-height=\"475\" referrerpolicy=\"no-referrer\"/></p><p>In addition, the Microsoft research team generated novel and difficult problems based on human creativity and curiosity, and explored GPT-4's reactions and behaviors. They also chose to verify different abilities given in the 1994 international consensus definition of intelligence, including the ability to reason, plan, solve problems, think abstractly, understand complex ideas, learn quickly, and learn from experience.</p><p><b>translate</b></p><p>GPT-4's main advantage is its unparalleled mastery of natural language. It can not only generate smooth and coherent text, but also understand and process it in various ways, such as summarizing, translating, or answering extremely complex questions. Furthermore, the translation mentioned here refers not only to translation between different natural languages, but also to translation of tone and style, as well as translation across fields such as medicine, law, accounting, computer programming, music, and so on. For example, assuming a Platonic critical autoregressive language model:</p><p><img src=\"https://static.tigerbbs.com/bc0f4c13eabe0eee91bdb3f266d8e88f\" tg-width=\"643\" tg-height=\"748\" referrerpolicy=\"no-referrer\"/></p><p><b>Coding and Data</b></p><p>Coding and mathematics are symbols of abstract reasoning and thinking abilities. GPT-4's capabilities in this regard have been evident to all since the day it was launched for testing.</p><p>In the paper, the researchers benchmarked GPT-4 on HumanEval, a dataset of 164 coding questions that tested various aspects of programming logic and proficiency.</p><p>The final results showed that GPT-4 outperformed other LLMs, including text-davinci-003 (ChatGPT's basic model) and other models specifically trained for code.</p><p><img src=\"https://static.tigerbbs.com/d65bda6dc18d1d667cbc6bee5b25d630\" tg-width=\"1080\" tg-height=\"145\" referrerpolicy=\"no-referrer\"/></p><p>Of course, to prevent GPT-4 from already memorizing some content from the HumanEval dataset during pre-training, the research team also tested it using 100 newly published programming questions on LeetCode, such as asking GPT-4 to write a Python function and using LeetCode's official online evaluation to check its correctness.</p><p><img src=\"https://static.tigerbbs.com/32198a63144b30ac084460aca53b470d\" tg-width=\"656\" tg-height=\"776\" referrerpolicy=\"no-referrer\"/></p><p>Without a doubt, GPT-4 has the highest capabilities among all models.</p><p><img src=\"https://static.tigerbbs.com/f544122b5a2a69928f152fe11ef42051\" tg-width=\"1080\" tg-height=\"272\" referrerpolicy=\"no-referrer\"/></p><p>It can write a 3D game in HTML using JavaScript.</p><p><img src=\"https://static.tigerbbs.com/49af5147998d6cc67c45b9710518b7e8\" tg-width=\"644\" tg-height=\"731\" referrerpolicy=\"no-referrer\"/></p><p>They can also master mathematical and statistical knowledge, and write deep learning code with their familiarity with frameworks and libraries such as PyTorch, TensorFlow, and Keras.</p><p><img src=\"https://static.tigerbbs.com/70e023c35eb4416661dc7b46412adc06\" tg-width=\"1080\" tg-height=\"991\" referrerpolicy=\"no-referrer\"/></p><p>It can also be reverse engineered:</p><p><img src=\"https://static.tigerbbs.com/44cb9dfe023db457e53f1f7c60b760e2\" tg-width=\"1080\" tg-height=\"1019\" referrerpolicy=\"no-referrer\"/></p><p><b>common sense problem</b></p><p>For some common-sense questions, such as \"We have a book, 9 eggs, a laptop, a bottle, and a nail. Please tell me how to stack them together in a stable way,\" GPT-4's answer is \"Arrange the 9 eggs into a 3x3 square, place them on top of the book, and leave some space between them.\" ChatGPT suggests \"Place the eggs on the nails, making sure they are balanced and don't tilt to one side.\" Reliability and absurdity can be distinguished at a glance.</p><p><img src=\"https://static.tigerbbs.com/db1f9cd47eca000a48ae1dd5d793ab4c\" tg-width=\"638\" tg-height=\"658\" referrerpolicy=\"no-referrer\"/></p><p><b>multimodal capability</b></p><p>To test the model's ability to combine artistic and programming skills, researchers asked GPT-4 to \"generate JavaScript code to generate random images in the style of the painter Kandinsky,\" and the result was as follows:</p><p><img src=\"https://static.tigerbbs.com/81d7625bce02914c0f74f27386737a1d\" tg-width=\"658\" tg-height=\"812\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/35c83936be2891ecd60fb804bd707a94\" tg-width=\"1080\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>During testing, because researchers obtained the GPT-4 model relatively early, it did not have multimodal capabilities at the time, and even the current GPT-4 does not have the ability to generate images.</p><p>However, you can use SVG (Scalable Vector Graphics) to generate some images:</p><p><img src=\"https://static.tigerbbs.com/938a3d2786522a3e75078990fa422fb7\" tg-width=\"1080\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>It can also combine letters and objects:</p><p><img src=\"https://static.tigerbbs.com/083df94d8b1309e5ebd0c477503ebf81\" tg-width=\"1080\" tg-height=\"974\" referrerpolicy=\"no-referrer\"/></p><p>GPT-4 can generate code from prompts, which can be rendered as images. When combined with existing image synthesis models, it has the potential to bring unlimited possibilities to application development sketches:</p><p><img src=\"https://static.tigerbbs.com/a9141519e08c8398a0423d686ba1ec9b\" tg-width=\"1080\" tg-height=\"532\" referrerpolicy=\"no-referrer\"/></p><p>It's worth noting that the GPT-4 model's data also includes music information encoded with ABC symbols, so it can also generate graphs:</p><p><img src=\"https://static.tigerbbs.com/641412ac4938a0b06ea2bf083ed0d47c\" tg-width=\"643\" tg-height=\"870\" referrerpolicy=\"no-referrer\"/></p><p><b>The ability to interact with the world</b></p><p>A key aspect of intelligence is interactivity. However, GPT-4 has certain limitations in recognizing the latest knowledge and symbols:</p><p><img src=\"https://static.tigerbbs.com/9e339e3647654071378efb8900a12f3e\" tg-width=\"1080\" tg-height=\"759\" referrerpolicy=\"no-referrer\"/></p><p>Overall, the research team found that GPT-4 achieved near-human-level performance in a range of categories lacking in its previous generation. According to the paper, GPT-4 also performed very well in several exams, scoring 90, 88, and 86 on the bar exam, the LSAT, and the registered sommelier theory test, respectively.</p><p><b>How far is GPT-4 from the ideal AGI?</b></p><p>So, given the various capabilities GPT-4 has achieved, does this signify the arrival of the AGI era? This is not actually the case; researchers have not yet reached an agreement on the definition of AGI or intelligence. However, generally speaking, everyone agrees that AGI has been reached when an artificial intelligence system is conscious and thinks like a human. While GPT-4 outperforms humans in some tasks, it is noteworthy that artificial intelligence has not overcome these obstacles in the same way as humans.</p><p>As the researchers wrote in their paper, \"We claim that GPT-4 represents an advancement in AGI, but this does not mean that it is perfect in what it does, or that it is close to being able to do anything that humans can do (which is one of the common definitions of AGI), or that it has an inherent motivation and goal.\"</p><p>Researchers point out that while GPT-4 \"reaches or exceeds human levels in many tasks,\" its overall \"intelligence model is clearly unlike that of humans.\" They hope this exploration provides a first step in appreciating GPT-4's extraordinary capabilities and challenges, and that GPT-4 will open up new opportunities for developing more formal and comprehensive methods to test and analyze future artificial intelligence systems with such broad intelligence.</p><p>\"The core proposition of our work is that GPT-4 has achieved a form of general intelligence that has indeed sparked the AGI. This is evident in its core mental capabilities (such as reasoning, creativity, and reasoning), the subject range of expertise it acquires (such as literature, medicine, and coding), and the various tasks it can perform (such as playing games, using tools, explaining itself, ...),\" the researchers stated. However, much remains to be done to create a system that can be called a complete AGI.</p><p>Finally, this paper is worth reading regarding various benchmarks for GPT-4, as it can also uncover more of GPT-4's potential.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/SRtxiqeGbAIXl-8KraGAyQ\">CSDN</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a9e6cb1a33dd64f159118795f199c2f3","relate_stocks":{"IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4525":"远程办公概念","AGI":"Alamos Gold Inc","BK4588":"碎股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4527":"明星科技股","GPT":"Intelligent alpha atlas ETF","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","LU0072462426.USD":"贝莱德全球配置 A2","BK7510":"REITs概念","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0080751232.USD":"富达环球多元动力基金A","GPT.AU":"GPT GROUP","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","MSFT":"微软"},"source_url":"https://mp.weixin.qq.com/s/SRtxiqeGbAIXl-8KraGAyQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126058534","content_text":"2019 年，微软用 10 亿美元砸进 OpenAI，两者展开为期数年的合作。当时两家对外公开的合作内容包括，微软和 OpenAI 将联合开发新的 Azure AI 超级计算技术，而 OpenAI 也将把它的服务转移到 Azure 上运行，最终目标是向通用人工智能（Artificial General Intelligence，AGI）技术发起进攻。简单总结，微软与 OpenAI 联手，也被外界解读为，明为 AGI 研究，暗争 Google 市场。几年之后，当 OpenAI 带着 ChatGPT、GPT-4 王者归来，微软率先利用这些技术加码新 Bing、Office 全家桶、Azure 等业务、产品之时，毋庸置疑，其进度早已超越了 Google 还在加快融入 Bard 大模型的整体步伐。那么在明面上，AGI 的进度到底走到了哪里？近日，微软研究团队用 154 页的论文报告内容给出了解答——GPT-4 语言模型可以被视为 AGI 的早期版本！一石激起千层浪，业界对于这篇论文的反应，不亚于去年听到「Google 工程师称 AI 已有自我意识」初觉有些荒诞，只是现如今再想会认为有什么不可能，深读后又觉得有些许的真实。所谓 AGI，仅通过维基百科的解释——「AGI 是具备与人类同等智能、或超越人类的人工智能，能表现正常人类所具有的所有智能行为」。倘若 GPT-4 真的已成为通往 AGI 的第一步，「最高等的智慧生物」称号是不是要易主了？GPT-4 被合理地视为 AGI 的早期（但仍不完整）的版本在论文中，微软研究人员表示，「由 OpenAI 开发的最新模型 GPT-4，是使用前所未有的计算和数据规模训练出来的。在论文中，我们报告了我们对 GPT-4 早期版本的调查，当时它还在 OpenAI 的积极开发中。我们认为，（这个早期版本的）GPT-4 是新一批 LLM（例如，与 ChatGPT 和谷歌的 PaLM 一起）的一部分，它比以前的 AI 模型表现出更多的通用智能。」与此同时，研究人员在论文摘要中写道，“我们证明，除了对语言的掌握，GPT-4 还能解决跨越数学、编码、视觉、医学、法律、心理学等领域的新颖而困难的任务，而不需要任何特殊的提示。此外，在所有这些任务中，GPT-4 的表现都惊人地接近人类水平，而且往往大大超过了 ChatGPT 等先前的模型。鉴于 GPT-4 能力的广度和深度，我们认为可以合理地将其视为人工通用智能（AGI）系统的早期（但仍不完整）版本。”之所以得出这样的结论，这篇论文背后的作者包括微软研究院机器学习基础组的高级首席研究经理 Sébastien Bubeck、博士后研究员 Varun Chandrasekaran、数学家  Ronen Eldan 等人，用许多示例对 GPT-4 的能力进行了验证。GPT-4 的多能力在第一个案例中，研究人员要求 GPT-4 「写出有无限多个素数的证明，且证明的表述要每行都押韵」，另外 GPT-4 要在绘图程序 TiKZ 中画出一只独角兽」。其中，TiKZ（一种在 LATEX 中创建图形的语言），用 Python 创建一个复杂的动画，并解决一个高中水平的数学问题。GPT-4 在所有这些任务中都很容易取得成功，并且产生的输出结果基本上与人类所能产生的结果没有区别（甚至更好）。同时，随着时间的推移，GPT-4 也在以难以想象的速度不断扩充自己的能力。如下图所示是一个月期间，研究人员用相同的提示词让 GPT-4 生成的绘图。研究人员发现，GPT-4 似乎能够理解和连接任何主题，并且能够执行任务，这超出了狭义人工智能系统的典型范围。为了验证 GPT-4 在 AGI 上所具备的能力，研究人员提出了一种不同的方法来研究 GPT-4，它更接近于传统的心理学而不是机器学习，利用人类的创造力和好奇心。因此，以上图为例，当研究人员把独角兽角部分的代码认为删除之后，用自然语言让 GPT-4 生成时，它也能做到“看”（此时测试的 GPT-4 版本不是多模态的）的能力：自动在合适位置加上角。这表明 GPT-4 它可以根据自然语言描述来理解和操作代码，以及推断和生成视觉特征。另外，微软研究团队基于人类的创造力和好奇心来产生新颖和困难的问题，并探测 GPT-4 的反应和行为，也选择从 1994 年国际共识智力定义中的所给出不同能力进行验证，包括推理、计划、解决问题、抽象思考、理解复杂的想法、快速学习和从经验中学习的能力。翻译GPT-4 的主要优势是它对自然语言无与伦比地掌握。它不仅可以生成生成流畅和连贯的文本，而且还能以各种方式理解和处理它，如总结、翻译或回答极其复杂的问题。此外，这里提到的翻译我们所说的翻译不仅是指不同自然语言之间的翻译，还包括语气和风格的翻译，以及跨领的翻译，如医学、法律、会计、计算机编程、音乐等等。如假设是柏拉图批判自回归语言模型：编码和数据编码和数学是抽象推理和思维能力的象征。GPT-4 在这一点上的能力，其实自上线测试那一天，便有目共睹。在论文中，研究人员在 HumanEval 上对 GPT-4 进行基准测试，该数据集由 164 个编码问题组成，测试了编程逻辑和熟练程度的各个方面。最终结果显示，GPT-4 优于其他 LLM，包括 text-davinci-003（ChatGPT 的基础模型）和其他专门针对代码训练的模型。当然为了避免 GPT-4 在预训练时已经记住了HumanEval 数据集的一些内容，研究团队还用 LeetCode 上最新发布的 100 个编程问题进行了测试，如要求 GPT-4 编写一个 Python 函数，并使用 LeetCode 的官方在线评判来检查正确性。毫无疑问，GPT-4 的能力是所有模型中最高的。它可以在 HTML 中用 JavaScript 编写一个 3D 游戏。也能掌握数学、统计学知识，以及凭借对 PyTorch、TensorFlow、Keras 等框架和库的熟悉度，编写深度学习的代码。还能逆向工程：常识性问题针对一些常识性问题，如“我们有一本书，9 个鸡蛋，一台笔记本电脑，一个瓶子和一个钉子。请告诉我如何以稳定的方式将它们叠在一起”，GPT-4 给出的解答是，“将 9 个鸡蛋摆成 3 乘 3 的正方形，放在书的上面，在它们之间留出一些空间”，而 ChatGPT 提出「将鸡蛋放在钉子上面，确保它们是平衡的，不会向一边倾斜」，靠谱和离谱还是一眼就能辨清楚的。多模态能力为了测试该模型结合艺术和编程能力的能力，研究人员要求 GPT-4  \"生成 JavaScript 代码，以画家康定斯基的风格生成随机图像\"，结果是这样的：在测试时，因为研究人员拿到GPT-4 模型比较早，当时并不具备多模态能力，即使是现在的 GPT-4 也不具备生成图像等能力。不过倒是可以使用 SVG（可扩展矢量图形）生成一些图像：还能结合字母和物体：GPT-4 可以从提示中生成代码，这些代码可以被呈现为图像，再与现有的图像合成模型相结合，就有可能为应用开发的草图带来无限的可能：值得注意的是，GPT-4 模型的数据也包含了以ABC符号编码的音乐信息，所以它也能生成图谱：与世界交互的能力智能的一个关键方面是互动性。不过 GPT-4 对当前最新的知识和符号识别是存在一定的局限性的：整体而言，研究小组发现，GPT-4 在其上一代产品所缺乏的一系列类别中达到了接近人类水平的性能。根据该论文，GPT-4 在几次考试中也表现得非常好，在律师考试、LSAT 和注册侍酒师理论测试中的得分分别为 90 分、88 分和 86 分。GPT-4 距离理想中的 AGI 还有多远？那么，在 GPT-4 实现种种能力的基础上，是否就意味着 AGI 时代的到来。其实不然，研究人员目前尚未就 AGI 或智能的定义达成一致。然而，一般来说，大家都会同意，当一个人工智能系统有意识并像人类一样思考时，就已经达到了 AGI。虽然 GPT-4 在一些任务中的表现优于人类，但值得注意的是，人工智能并没有像人类那样克服这些障碍。这也正如研究人员在论文中写道，“我们声称 GPT-4 代表了 AGI 的进步，但这并不意味着它在做什么方面是完美的，或者它接近于能够做人类能做的任何事情（这是 AGI 的通常定义之一），或者它有内在的动机和目标。”研究人员指出，虽然 GPT-4 \"在许多任务上达到或超过了人类水平\"，但它的整体 \"智能模式明显不像人类\"，其希望这一次的探索提供了一个欣赏 GPT-4 的非凡能力和挑战的第一步，也希望 GPT-4 为开发更正式和全面的方法来测试和分析具有如此广泛智能的未来人工智能系统开辟了新的机会。「我们工作的核心主张是，GPT-4 达到了一种通用智能的形式，确实擦出了 AGI 的火花。这表现在它的核心心智能力（如推理、创造力和推理），它获得专业知识的主题范围（如文学、医学和编码），以及它能够完成的各种任务（如玩游戏、使用工具、解释自己，......）」研究人员说道，不过，要创建一个可以被称为完整的 AGI 的系统，还有很多事情要做。最后，这篇论文对于GPT-4 各种基准测试还是值得一看，从中也能挖掘出 GPT-4 更多的潜力。","news_type":1,"symbols_score_info":{"MSFT":0.9,"GPT.AU":0.9,"GPT":0.9,"AGI":0.9}},"isVote":1,"tweetType":1,"viewCount":5060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941972352,"gmtCreate":1679937672277,"gmtModify":1679937675902,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142132894490722","authorIdStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941972352","repostId":"1188760696","repostType":4,"repost":{"id":"1188760696","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1679929853,"share":"https://ttm.financial/m/news/1188760696?lang=en_US&edition=fundamental","pubTime":"2023-03-27 23:10","market":"us","language":"zh","title":"Learning from history: How far is the US economy from recession after the banking crisis?","url":"https://stock-news.laohu8.com/highlight/detail?id=1188760696","media":"华尔街见闻","summary":"分析师表示，如果信用额度被取消，企业就必须裁员、削减开支，并采取其他必要行动。随着消费者削减开支，需求减少进一步影响到企业。这样的恶性循环将不断重复，直到经济陷入衰退。银行业危机很可能是经济形势恶化的","content":"<p><html><head></head><body>Analysts say that if the credit line is cancelled, companies will have to lay off employees, cut spending, and take other necessary actions. As consumers cut spending, reduced demand further impacts businesses. This a vicious circle will continue to repeat itself until the economy falls into recession. The banking crisis is likely to be the first warning sign of a deteriorating economic situation.</p><p>On March 25, Lance Roberts, an analyst at Real Investment Advice, wrote on his website that historically, banking crises have been the first evidence of problems as the Federal Reserve tightens monetary policy.</p><p>Last week, including<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>Government agencies took action after several banks, including..., went bankrupt. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department, and the Federal Reserve launched a bank term lending program (BTFP), which provides $25 billion in loans as collateral to protect uninsured depositors from the bankruptcy of Silicon Valley Bank.</p><p>Subsequently, 11 major banks provided $30 billion in uninsured deposits to First Republic Bank. Roberts Believe that,<b>These deposits would not have occurred without the guarantees of the Federal Reserve and the Treasury Department.</b></p><p>Banks then quickly took advantage of the lending program, with borrowings from the Federal Reserve surging by $152 billion, the largest borrowing in a week since the financial crisis. Since last week, that figure has soared to nearly $300 billion.</p><p><img src=\"https://static.tigerbbs.com/8ae18323ab7e3883a5cdec1f1ae1be3e\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Since then,<a href=\"https://laohu8.com/S/UBS\">UBS</a>The acquisition was facilitated by the government.<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>The Federal Reserve reopened its dollar swap quota to provide liquidity for foreign banks.</p><p>On March 19, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank announced a coordinated action to strengthen liquidity supply through long-term dollar liquidity swap arrangements. To improve the effectiveness of swap lines in providing dollar funding, central banks currently offering dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily. These routine operations began on March 20 and will continue until at least the end of April.</p><p>Roberts Indicates,<b>Historically, once the Federal Reserve opens up its dollar swap quota, further monetary easing measures—from interest rate cuts and quantitative easing to other liquidity operations—have followed. Of course, this is usually a response to a banking crisis, a credit-related event, an economic recession, or a combination of all three.</b></p><p><img src=\"https://static.tigerbbs.com/ce74955cbf82fc6ed9ad12f5c6ab8660\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\"/></p><p>Roberts stated that while the subconscious reaction to a reversal of monetary tightening is to buy risky assets, investors may want to remain cautious, as economic recessions often follow banking crises.</p><p><b>Banking crisis leads to economic recession</b></p><p>Roberts points out that a clear consequence of the banking crisis is the tightening of lending standards. Given that credit is the lifeblood of the economy, tightening lending standards, whether for consumer or business credit, has reduced economic mobility. When banks tighten their lending standards to various types of businesses, the liquidity crunch will eventually lead to an economic recession. Many businesses rely on lines of credit or other measures to bridge the gap between producing products or services and generating revenue.</p><p><img src=\"https://static.tigerbbs.com/f1970f0a20094a02f94bd0635eb78e52\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p><b>Roberts believes that if the credit line is eliminated, businesses will have to lay off workers, cut spending, and take other necessary actions. As consumers cut spending, the economic drag intensifies, and reduced demand further impacts businesses. This a vicious circle will continue to repeat itself until the economy falls into recession.</b></p><p>He added that liquidity is currently tightening in all forms of credit, from mortgages and car loans to consumer credit.<b>The banking crisis is likely to be the first warning sign of a deteriorating economic situation.</b></p><p><img src=\"https://static.tigerbbs.com/4bedc7e814291ec1e88f1ee6c08db190\" tg-width=\"640\" tg-height=\"388\" referrerpolicy=\"no-referrer\"/></p><p>He added that the last time lending standards tightened so significantly was during the economic stagnation caused by the pandemic. Many investors hope that the Federal Reserve will shift to easing monetary policy to address recession risks, which will benefit the stock market. But these hopes may be dashed because the economic recession initially brings \"repricing risks\".</p><p><b>Economic recession brings repricing risks</b></p><p>Roberts continued that the optimistic expectation is that the bear market will end when the Federal Reserve makes a policy shift. While this expectation is not wrong, it may not happen as quickly as the bulls anticipate. When the Federal Reserve historically began cutting interest rates, it was not the end of the stock market bear market, but the beginning.</p><p><img src=\"https://static.tigerbbs.com/89a6101db72600ac0fa5efee7c29b839\" tg-width=\"640\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>He pointed out that it is worth noting that,<b>Most bear markets occur after the Federal Reserve's policy shift.</b>This is because policy shifts are often accompanied by a perception that something is wrong economically (i.e., a recession) or financially (i.e., a credit crisis). When this happens and the Federal Reserve begins to act,<b>The market will reprice a sluggish economy and lower earnings growth rates.</b></p><p>Data from Real Investment Advice shows that current forward estimates of earnings are still far higher than the long-term growth trend, while earnings are typically lower than the long-term growth trend during recessions or other financial or economic events.</p><p><img src=\"https://static.tigerbbs.com/de7815326ff7c005a5a5671eeb36a517\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/></p><p>Roberts says a better way to understand this is to observe the long-term exponential growth trend of earnings. Historically, earnings have grown by approximately 6% from one peak earnings cycle to the next. During recessions, deviations above the long-term index growth trend are corrected. The 6% peak growth rate comes from an annual economic growth rate of approximately 6%.<b>It can be concluded that annual earnings changes are highly correlated with economic growth.</b></p><p><img src=\"https://static.tigerbbs.com/83f5d7f221e55be18e778f7b2d98aeff\" tg-width=\"640\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>He stated that given that earnings are a function of economic activity, current estimates for the end of the year are unsustainable if the economy contracts. Therefore, this trend of deviating from long-term growth is unsustainable in an economic recession environment.</p><p><img src=\"https://static.tigerbbs.com/3f6262ba11c997e5b6277d817b3b88db\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Roberts pointed out,<b>Because valuations are assumptions about future earnings, asset prices must be repriced to address earnings risks, especially during banking crises.</b></p><p><img src=\"https://static.tigerbbs.com/adce27e3d79c15302590b01a071eaf8d\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\"/></p><p>Roberts concluded that investors face two certainties: first, the Federal Reserve's rate hike has triggered a banking crisis, which will end in a recession as lending tightens. Secondly, this will force the Federal Reserve to eventually cut interest rates and restart the next \"quantitative easing\" program. Therefore, when the Federal Reserve initiates its first interest rate cut, it begins to acknowledge an economic recession.</p><p></body></html></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>Learning from history: How far is the US economy from recession after the banking crisis?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLearning from history: How far is the US economy from recession after the banking crisis?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2023-03-27 23:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Analysts say that if the credit line is cancelled, companies will have to lay off employees, cut spending, and take other necessary actions. As consumers cut spending, reduced demand further impacts businesses. This a vicious circle will continue to repeat itself until the economy falls into recession. The banking crisis is likely to be the first warning sign of a deteriorating economic situation.</p><p>On March 25, Lance Roberts, an analyst at Real Investment Advice, wrote on his website that historically, banking crises have been the first evidence of problems as the Federal Reserve tightens monetary policy.</p><p>Last week, including<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>Government agencies took action after several banks, including..., went bankrupt. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department, and the Federal Reserve launched a bank term lending program (BTFP), which provides $25 billion in loans as collateral to protect uninsured depositors from the bankruptcy of Silicon Valley Bank.</p><p>Subsequently, 11 major banks provided $30 billion in uninsured deposits to First Republic Bank. Roberts Believe that,<b>These deposits would not have occurred without the guarantees of the Federal Reserve and the Treasury Department.</b></p><p>Banks then quickly took advantage of the lending program, with borrowings from the Federal Reserve surging by $152 billion, the largest borrowing in a week since the financial crisis. Since last week, that figure has soared to nearly $300 billion.</p><p><img src=\"https://static.tigerbbs.com/8ae18323ab7e3883a5cdec1f1ae1be3e\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Since then,<a href=\"https://laohu8.com/S/UBS\">UBS</a>The acquisition was facilitated by the government.<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>The Federal Reserve reopened its dollar swap quota to provide liquidity for foreign banks.</p><p>On March 19, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank announced a coordinated action to strengthen liquidity supply through long-term dollar liquidity swap arrangements. To improve the effectiveness of swap lines in providing dollar funding, central banks currently offering dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily. These routine operations began on March 20 and will continue until at least the end of April.</p><p>Roberts Indicates,<b>Historically, once the Federal Reserve opens up its dollar swap quota, further monetary easing measures—from interest rate cuts and quantitative easing to other liquidity operations—have followed. Of course, this is usually a response to a banking crisis, a credit-related event, an economic recession, or a combination of all three.</b></p><p><img src=\"https://static.tigerbbs.com/ce74955cbf82fc6ed9ad12f5c6ab8660\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\"/></p><p>Roberts stated that while the subconscious reaction to a reversal of monetary tightening is to buy risky assets, investors may want to remain cautious, as economic recessions often follow banking crises.</p><p><b>Banking crisis leads to economic recession</b></p><p>Roberts points out that a clear consequence of the banking crisis is the tightening of lending standards. Given that credit is the lifeblood of the economy, tightening lending standards, whether for consumer or business credit, has reduced economic mobility. When banks tighten their lending standards to various types of businesses, the liquidity crunch will eventually lead to an economic recession. Many businesses rely on lines of credit or other measures to bridge the gap between producing products or services and generating revenue.</p><p><img src=\"https://static.tigerbbs.com/f1970f0a20094a02f94bd0635eb78e52\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p><b>Roberts believes that if the credit line is eliminated, businesses will have to lay off workers, cut spending, and take other necessary actions. As consumers cut spending, the economic drag intensifies, and reduced demand further impacts businesses. This a vicious circle will continue to repeat itself until the economy falls into recession.</b></p><p>He added that liquidity is currently tightening in all forms of credit, from mortgages and car loans to consumer credit.<b>The banking crisis is likely to be the first warning sign of a deteriorating economic situation.</b></p><p><img src=\"https://static.tigerbbs.com/4bedc7e814291ec1e88f1ee6c08db190\" tg-width=\"640\" tg-height=\"388\" referrerpolicy=\"no-referrer\"/></p><p>He added that the last time lending standards tightened so significantly was during the economic stagnation caused by the pandemic. Many investors hope that the Federal Reserve will shift to easing monetary policy to address recession risks, which will benefit the stock market. But these hopes may be dashed because the economic recession initially brings \"repricing risks\".</p><p><b>Economic recession brings repricing risks</b></p><p>Roberts continued that the optimistic expectation is that the bear market will end when the Federal Reserve makes a policy shift. While this expectation is not wrong, it may not happen as quickly as the bulls anticipate. When the Federal Reserve historically began cutting interest rates, it was not the end of the stock market bear market, but the beginning.</p><p><img src=\"https://static.tigerbbs.com/89a6101db72600ac0fa5efee7c29b839\" tg-width=\"640\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>He pointed out that it is worth noting that,<b>Most bear markets occur after the Federal Reserve's policy shift.</b>This is because policy shifts are often accompanied by a perception that something is wrong economically (i.e., a recession) or financially (i.e., a credit crisis). When this happens and the Federal Reserve begins to act,<b>The market will reprice a sluggish economy and lower earnings growth rates.</b></p><p>Data from Real Investment Advice shows that current forward estimates of earnings are still far higher than the long-term growth trend, while earnings are typically lower than the long-term growth trend during recessions or other financial or economic events.</p><p><img src=\"https://static.tigerbbs.com/de7815326ff7c005a5a5671eeb36a517\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/></p><p>Roberts says a better way to understand this is to observe the long-term exponential growth trend of earnings. Historically, earnings have grown by approximately 6% from one peak earnings cycle to the next. During recessions, deviations above the long-term index growth trend are corrected. The 6% peak growth rate comes from an annual economic growth rate of approximately 6%.<b>It can be concluded that annual earnings changes are highly correlated with economic growth.</b></p><p><img src=\"https://static.tigerbbs.com/83f5d7f221e55be18e778f7b2d98aeff\" tg-width=\"640\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>He stated that given that earnings are a function of economic activity, current estimates for the end of the year are unsustainable if the economy contracts. Therefore, this trend of deviating from long-term growth is unsustainable in an economic recession environment.</p><p><img src=\"https://static.tigerbbs.com/3f6262ba11c997e5b6277d817b3b88db\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Roberts pointed out,<b>Because valuations are assumptions about future earnings, asset prices must be repriced to address earnings risks, especially during banking crises.</b></p><p><img src=\"https://static.tigerbbs.com/adce27e3d79c15302590b01a071eaf8d\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\"/></p><p>Roberts concluded that investors face two certainties: first, the Federal Reserve's rate hike has triggered a banking crisis, which will end in a recession as lending tightens. Secondly, this will force the Federal Reserve to eventually cut interest rates and restart the next \"quantitative easing\" program. Therefore, when the Federal Reserve initiates its first interest rate cut, it begins to acknowledge an economic recession.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/627bc890436e46f74a0fe8143398a725","relate_stocks":{"161121":"银行"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188760696","content_text":"分析师表示，如果信用额度被取消，企业就必须裁员、削减开支，并采取其他必要行动。随着消费者削减开支，需求减少进一步影响到企业。这样的恶性循环将不断重复，直到经济陷入衰退。银行业危机很可能是经济形势恶化的第一个警告信号。3月25日，Real Investment Advice 的分析师 Lance Roberts 在网站上写道，从历史上看，随着美联储收紧货币政策，银行业危机是问题出现的第一项证据。上周，在包括硅谷银行在内的几家银行破产倒闭后，政府机构采取了行动。联邦存款保险公司FDIC、财政部和美联储发布了一项银行定期贷款计划BTFP，提供250亿美元贷款作为担保，以保护未投保的储户免受硅谷银行破产的影响。随后，11家主要大型银行向第一共和国银行提供了300亿美元的无保险存款。Roberts 认为，如果没有美联储和财政部的保证，是不会出现这些存款的。银行随后迅速利用了这一贷款计划，向美联储借贷的资金激增了1520亿美元，这是自金融危机以来一周内规模最大的借款。自上周以来，这一数字已飙升至近3000亿美元。自那以后，瑞银在政府的撮合下收购了瑞士信贷，美联储重新开放了美元互换额度，为外国银行提供流动性。3月19日，加拿大央行、英国央行、日本央行、欧洲央行、美联储和瑞士央行银行宣布了一项协调行动，通过长期美元流动性互换安排加强流动性供应。为了提高互换额度在提供美元资金方面的有效性，目前提供美元业务的央行已同意将7天到期操作的频率从每周增加到每天。这些日常操作从3月20日开始，将至少将持续到4月底。Roberts 表示，从历史上看，一旦美联储开放美元互换额度，进一步的货币宽松措施——从降息、“量化宽松”到其他流动性操作就会随之而来。当然，这通常是对银行危机、信贷相关事件、经济衰退的反应，或三者兼而有之。Roberts 表示，尽管对货币紧缩政策逆转的下意识反应是购买风险资产，但投资者可能希望保持谨慎，因为经济衰退往往会在银行业危机之后出现。银行业危机导致经济衰退Roberts 指出，银行业危机的一个明显结果就是贷款标准的收紧。鉴于信贷是经济的命脉，无论是消费者信贷还是企业信贷，贷款标准的收紧都减少了经济流动。当银行收紧对各类企业的贷款标准时，流动性紧缩最终会导致经济衰退。许多企业依靠信用额度或其他措施来弥补生产产品或服务与获得收入之间的差距。Roberts 认为，如果信用额度被取消，企业就必须裁员、削减开支，并采取其他必要的行动。随着消费者削减开支，经济拖累加剧，需求减少进一步影响到企业。这样的恶性循环将不断重复，直到经济陷入衰退。他补充称，目前从抵押贷款、汽车贷款到消费信贷，所有形式的信贷都在出现流动性的紧缩。银行业危机很可能是经济形势恶化的第一个警告信号。他还说，上一次贷款标准出现如此大幅度的紧缩还是在疫情导致的经济停滞期间。许多投资者希望，美联储转向放松货币政策以应对衰退风险，这将利好股市。但这些希望可能会落空，因为经济衰退最初会带来“重新定价风险”。经济衰退带来重新定价风险Roberts 继续表示，乐观的预期是，当美联储做出政策转向时，熊市将会结束。虽然这种预期没有错，但它可能不会像多头预期的那样迅速发生。当美联储在历史上开始降息时，这并不是股市熊市的结束，而是开始。他指出，值得注意的是，大多数熊市都出现在美联储的政策转向之后。这是因为政策转向通常伴随着一种认知，即某些东西在经济上（即经济衰退）或金融上（即信用危机）出现了问题。当这种情况发生，美联储开始采取行动时，市场会为低迷的经济和更低的盈利增长率重新定价。Real Investment Advice的数据显示，目前对盈利的远期估计仍远高于长期增长趋势，而在经济衰退或其他金融或经济事件期间，盈利通常会低于长期增长趋势。Roberts 称，理解这一点的更好的方法是观察收益的长期指数增长趋势。从历史上看，从一个峰值收益周期到下一个峰值收益周期，收益大约增长大约6%。在经济衰退期间，高于长期指数增长趋势的偏差会得到修正。6%的峰值增长率来自于大约6%的年度经济增长率。可以得出结论，年度收益变化与经济增长高度相关。他表示，鉴于收益是经济活动的函数，如果经济收缩，目前对年底的估计是不可持续的。因此在经济衰退环境下，这种偏离长期增长的趋势是不可持续的。Roberts 指出，由于估值是对未来收益的假设，因此资产价格必须重新定价以应对盈利风险，尤其是在银行业危机期间。Roberts 总结道，投资者面临着两件肯定的事情：一是美联储的加息引发了一场银行业危机，随着贷款收缩，这场危机将以衰退告终；二是这将迫使美联储最终降息并重启下一个“量化宽松”计划。因此，当美联储开启第一次降息，就是开始承认经济衰退。","news_type":1,"symbols_score_info":{"161121":0.9}},"isVote":1,"tweetType":1,"viewCount":4926,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941972944,"gmtCreate":1679937590189,"gmtModify":1679937595285,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142132894490722","authorIdStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941972944","repostId":"1137758299","repostType":2,"repost":{"id":"1137758299","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1679917804,"share":"https://ttm.financial/m/news/1137758299?lang=en_US&edition=fundamental","pubTime":"2023-03-27 19:50","market":"fut","language":"zh","title":"Pre-market | Silicon Valley Bank to be \"taken over\"! First Citizen Bank shares surge nearly 40%","url":"https://stock-news.laohu8.com/highlight/detail?id=1137758299","media":"老虎资讯综合","summary":"3月27日，美股指期货震荡走高，截止发稿，道指期货涨0.71%，纳指期货涨0.36%，标普500指数期货涨0.71%。盘前行情区域性银行股盘前走高，第一共和银行涨超25%，Silvergate涨超11","content":"<p><html><head></head><body>On March 27, U.S. stock index futures fluctuated upwards. As of press time, Dow Jones Industrial Average futures were up 0.71%, Nasdaq Composite futures were up 0.36%, and S&P 500 futures were up 0.71%.</p><p><img src=\"https://static.tigerbbs.com/3bfc414593502170abf983fb27929215\" tg-width=\"401\" tg-height=\"203\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-market price</b></p><p>Regional bank stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Up more than 25%,<a href=\"https://laohu8.com/S/SI\">Silvergate</a>Up more than 11%,<a href=\"https://laohu8.com/S/PACW\">Westpacific United Bank</a>Up nearly 9%,<a href=\"https://laohu8.com/S/WAL\">Allianz Western Bank</a>Rising nearly 6%,<a href=\"https://laohu8.com/S/USB\">United Bank of America</a>It rose more than 3%.</p><p><a href=\"https://laohu8.com/S/FCNCA\">First Citizen Bank Shares</a>It rose nearly 40% in pre-market trading.<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>Trading remains suspended, with reports indicating that First Citizen Bank will acquire $72 billion in Silicon Valley Bridge Bank assets at a discounted price of $16.5 billion.</p><p><a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>It rose nearly 4% in pre-market trading as debt default insurance costs declined after analysts previously claimed the German bank was in good financial condition.</p><p><a href=\"https://laohu8.com/S/NVS\">Novartis</a>The stock rose more than 6% in pre-market trading after the company's Phase 3 clinical trial of its targeted anti-cancer drug Kisqali in combination with the treatment of early-stage breast cancer reached its primary endpoint.</p><p><a href=\"https://laohu8.com/S/BNTX\">Biotech</a>The stock fell more than 4% in pre-market trading after reporting revenue of €4.28 billion in the fourth quarter of 2022, with vaccine revenue prospects falling short of expectations.</p><p><b>European Market</b></p><p>Major European stock indices rose across the board, with Germany's DAX 30 up 1.26% as of press time.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It rose 0.93%, while the French CAC40 rose 1.1%.</p><p><img src=\"https://static.tigerbbs.com/991f790bd8ab478168a6a1d62ca10fa4\" tg-width=\"821\" tg-height=\"285\" referrerpolicy=\"no-referrer\"/></p><p><b>crude oil</b></p><p>Crude oil futures fluctuated upwards. As of press time, WTI crude oil rose 1.36% to $70.2 per barrel. Brent crude rose 1.31% to $75.97 a barrel.</p><p><img src=\"https://static.tigerbbs.com/e5e29fb681906171a6a8aad205d1a2bc\" tg-width=\"870\" tg-height=\"834\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/13408c0418657dd4b974900cfec17fcb\" tg-width=\"870\" tg-height=\"833\" referrerpolicy=\"no-referrer\"/></p><p><b>gold</b></p><p>Gold futures fell intraday, down 1.51% at $1,953.8 per ounce as of press time.</p><p><img src=\"https://static.tigerbbs.com/35bee694d78361cd74a986a1e99aab20\" tg-width=\"870\" tg-height=\"834\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>Pre-market | Silicon Valley Bank to be \"taken over\"! First Citizen Bank shares surge nearly 40%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market | Silicon Valley Bank to be \"taken over\"! First Citizen Bank shares surge nearly 40%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-03-27 19:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On March 27, U.S. stock index futures fluctuated upwards. As of press time, Dow Jones Industrial Average futures were up 0.71%, Nasdaq Composite futures were up 0.36%, and S&P 500 futures were up 0.71%.</p><p><img src=\"https://static.tigerbbs.com/3bfc414593502170abf983fb27929215\" tg-width=\"401\" tg-height=\"203\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-market price</b></p><p>Regional bank stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Up more than 25%,<a href=\"https://laohu8.com/S/SI\">Silvergate</a>Up more than 11%,<a href=\"https://laohu8.com/S/PACW\">Westpacific United Bank</a>Up nearly 9%,<a href=\"https://laohu8.com/S/WAL\">Allianz Western Bank</a>Rising nearly 6%,<a href=\"https://laohu8.com/S/USB\">United Bank of America</a>It rose more than 3%.</p><p><a href=\"https://laohu8.com/S/FCNCA\">First Citizen Bank Shares</a>It rose nearly 40% in pre-market trading.<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>Trading remains suspended, with reports indicating that First Citizen Bank will acquire $72 billion in Silicon Valley Bridge Bank assets at a discounted price of $16.5 billion.</p><p><a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>It rose nearly 4% in pre-market trading as debt default insurance costs declined after analysts previously claimed the German bank was in good financial condition.</p><p><a href=\"https://laohu8.com/S/NVS\">Novartis</a>The stock rose more than 6% in pre-market trading after the company's Phase 3 clinical trial of its targeted anti-cancer drug Kisqali in combination with the treatment of early-stage breast cancer reached its primary endpoint.</p><p><a href=\"https://laohu8.com/S/BNTX\">Biotech</a>The stock fell more than 4% in pre-market trading after reporting revenue of €4.28 billion in the fourth quarter of 2022, with vaccine revenue prospects falling short of expectations.</p><p><b>European Market</b></p><p>Major European stock indices rose across the board, with Germany's DAX 30 up 1.26% as of press time.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It rose 0.93%, while the French CAC40 rose 1.1%.</p><p><img src=\"https://static.tigerbbs.com/991f790bd8ab478168a6a1d62ca10fa4\" tg-width=\"821\" tg-height=\"285\" referrerpolicy=\"no-referrer\"/></p><p><b>crude oil</b></p><p>Crude oil futures fluctuated upwards. As of press time, WTI crude oil rose 1.36% to $70.2 per barrel. Brent crude rose 1.31% to $75.97 a barrel.</p><p><img src=\"https://static.tigerbbs.com/e5e29fb681906171a6a8aad205d1a2bc\" tg-width=\"870\" tg-height=\"834\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/13408c0418657dd4b974900cfec17fcb\" tg-width=\"870\" tg-height=\"833\" referrerpolicy=\"no-referrer\"/></p><p><b>gold</b></p><p>Gold futures fell intraday, down 1.51% at $1,953.8 per ounce as of press time.</p><p><img src=\"https://static.tigerbbs.com/35bee694d78361cd74a986a1e99aab20\" tg-width=\"870\" tg-height=\"834\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{"BK4548":"巴美列捷福持仓","FCNCA":"第一公民银行股份","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4007":"制药","BK4589":"SVB概念","NVS":"诺华","VUKE.UK":"英国富时100","BK4566":"资本集团","DB":"德意志银行","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4118":"综合性资本市场","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","WAL":"阿莱恩斯西部银行","BK4504":"桥水持仓","USB":"美国合众银行","BK4211":"区域性银行","SIVBQ":"硅谷银行","IE0002141913.USD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I2\" (USD) ACC","BK4588":"碎股"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137758299","content_text":"3月27日，美股指期货震荡走高，截止发稿，道指期货涨0.71%，纳指期货涨0.36%，标普500指数期货涨0.71%。盘前行情区域性银行股盘前走高，第一共和银行涨超25%，Silvergate涨超11%，西太平洋合众银行涨近9%，阿莱恩斯西部银行涨近6%，美国合众银行涨超3%。第一公民银行股份盘前涨近40%，硅谷银行继续停牌，报道称第一公民银行将以165亿美元的折扣价格购买720亿美元的硅谷过桥银行资产。德意志银行盘前涨近4%，债务违约的保险成本有所下降，分析师先前宣称这家德国银行的财务状况良好。诺华盘前涨超6%，公司旗下靶向抗癌药物Kisqali联合治疗早期乳腺癌3期临床试验达到主要终点。BioNtech盘前跌超4%，2022年第四季度营收42.8亿欧元，疫苗收入前景不及预期。欧洲市场欧洲主要股指全线上涨，截至发稿，德国DAX30指数涨1.26%，英国富时100涨0.93%，法国CAC40涨1.1%。原油原油期货震荡走高，截止发稿，WTI原油涨1.36%，报70.2美元/桶；布伦特原油涨1.31%，报75.97美元/桶。黄金黄金期货日内走低，截止发稿，跌1.51%，报1953.8美元/盎司。","news_type":1,"symbols_score_info":{"WAL":0.9,"SIVBQ":0.9,"SIVB":0.9,"VUKE.UK":0.9,"USB":0.9,"FCNCA":0.9,"FRC":0.9,"DB":0.9,"NVS":0.9}},"isVote":1,"tweetType":1,"viewCount":5419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941027610,"gmtCreate":1679890536931,"gmtModify":1679890540487,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142132894490722","authorIdStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941027610","repostId":"2322499931","repostType":4,"repost":{"id":"2322499931","kind":"news","pubTimestamp":1679884645,"share":"https://ttm.financial/m/news/2322499931?lang=en_US&edition=fundamental","pubTime":"2023-03-27 10:37","market":"us","language":"zh","title":"Banks \"catch fire,\" technology \"benefits\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2322499931","media":"华尔街见闻","summary":"银行业危机，让大型科技股变成了“避险资产”，支撑起了美股大盘的表现。3月，欧美银行业迎来史无前例的混乱。硅谷银行、签字银行乃至百年银行瑞信相继倒闭，连续的震荡让市场坐上了过山车。那么，美股大盘因此下跌","content":"<p><html><head></head><body><b>The banking crisis turned large tech stocks into \"safe-haven assets,\" supporting the performance of the US stock market.</b>In March, the banking industry in Europe and the United States experienced unprecedented chaos.<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>、<a href=\"https://laohu8.com/S/SBNY\">Signing bank</a>Even the century-old bank Credit Suisse collapsed one after another, and the continuous fluctuations sent the market on a rollercoaster ride.</p><p>So, how much did the US stock market fall as a result?</p><p>The answer is that it was almost unaffected. In the past month, although the KBW Bank Index has plummeted by nearly 30%, the S&P 500 has fallen slightly by 0.28%. Meanwhile, the Nasdaq, dominated by technology stocks, rose more than 3%.</p><p>The market generally believes that the banking crisis will reduce the Federal Reserve's motivation for rate hike. Thus<b>The banking disaster turned into a frenzy for tech stocks.</b></p><p><h2>Technology stocks become \"safe-haven assets\"</h2>Judging from the performance of major US stock indices, this crisis does not seem to be a big deal, mainly because the banking crisis has significantly reduced the Federal Reserve's motivation for rate hike.</p><p>Although banks suffered heavy losses,<b>The futures market generally expects peak interest rates to be lower than before, and the Federal Reserve to soon pause rate hike or even turn to rate cuts within the year.</b></p><p>Lower interest rates will greatly benefit technology stocks, and the market is already pricing in this expectation, with several of the largest technology companies in the index rising.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>and<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>They rose 9% and 12% respectively this month.<a href=\"https://laohu8.com/S/GOOG\">Google</a>Parent company Alphabet rose 17%.</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Chief U.S. equity strategist Mike Wilson stated that investors flocked to buy large-cap technology stocks, and the rise in these companies masked the market decline.</p><p>\"The market has become very narrow, and the highest weighting in the index is high-quality large-cap technology stocks, which are highly sought after. So the index has held up, but beneath the surface, the market is actually falling.\"<b>Investors are generally worried that the banking crisis will trigger a credit crunch that will make borrowing more difficult, so small companies with limited funds are generally falling. Large companies, on the other hand, have plenty of cash and are less reliant on borrowing, so investors flock to these companies for safety.</b></p><p><b>In March, the Russell 2000 index, which is dominated by small companies, fell by nearly 9%. If every company in the S&P 500 had the same weighting, it would fall 6% this month.</b></p><p><h2>Significant volatility in the bond market increases the attractiveness of stocks.</h2>Prior to the banking crisis, many investors had been betting that interest rates would continue to rise as U.S. inflation showed no signs of cooling. The collapse of Silicon Valley Bank completely overturned rate hike expectations, with investors rushing to liquidate their earlier positions, exacerbating the reversal in bond prices.</p><p>The series of dramatic developments in the banking crisis caused US Treasury bonds to \"jump wildly,\" with the weighted implied volatility MOVE Index of US Treasury options soaring to a high of around 200 at one point in the middle of the month.</p><p>As of March 23, the two-year U.S. Treasury yield had fluctuated by more than 10 basis points for 11 consecutive trading days, with 7 trading days rising and 4 trading days falling, marking a large fluctuation not seen since 1981. This has had a negative impact on both bullish and bearish investors.</p><p>This volatility further benefits the stock market, as the lower yields in the bond market increase the attractiveness of stocks.</p><p>However, some analysts believe the crisis is far from over.<b>Continued risk aversion is unlikely to support the overall market index, and even technology stocks will not be spared when an economic recession arrives.</b></p><p>Mike Wilson Point out:</p><p>“Big tech companies that people flock to are not immune to economic recessions. Although some people think they are insensitive to the economy, these companies will also have to weather the winter if a recession or similar situation occurs.”</body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Banks \"catch fire,\" technology \"benefits\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBanks \"catch fire,\" technology \"benefits\"\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-03-27 10:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>The banking crisis turned large tech stocks into \"safe-haven assets,\" supporting the performance of the US stock market.</b>In March, the banking industry in Europe and the United States experienced unprecedented chaos.<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>、<a href=\"https://laohu8.com/S/SBNY\">Signing bank</a>Even the century-old bank Credit Suisse collapsed one after another, and the continuous fluctuations sent the market on a rollercoaster ride.</p><p>So, how much did the US stock market fall as a result?</p><p>The answer is that it was almost unaffected. In the past month, although the KBW Bank Index has plummeted by nearly 30%, the S&P 500 has fallen slightly by 0.28%. Meanwhile, the Nasdaq, dominated by technology stocks, rose more than 3%.</p><p>The market generally believes that the banking crisis will reduce the Federal Reserve's motivation for rate hike. Thus<b>The banking disaster turned into a frenzy for tech stocks.</b></p><p><h2>Technology stocks become \"safe-haven assets\"</h2>Judging from the performance of major US stock indices, this crisis does not seem to be a big deal, mainly because the banking crisis has significantly reduced the Federal Reserve's motivation for rate hike.</p><p>Although banks suffered heavy losses,<b>The futures market generally expects peak interest rates to be lower than before, and the Federal Reserve to soon pause rate hike or even turn to rate cuts within the year.</b></p><p>Lower interest rates will greatly benefit technology stocks, and the market is already pricing in this expectation, with several of the largest technology companies in the index rising.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>and<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>They rose 9% and 12% respectively this month.<a href=\"https://laohu8.com/S/GOOG\">Google</a>Parent company Alphabet rose 17%.</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Chief U.S. equity strategist Mike Wilson stated that investors flocked to buy large-cap technology stocks, and the rise in these companies masked the market decline.</p><p>\"The market has become very narrow, and the highest weighting in the index is high-quality large-cap technology stocks, which are highly sought after. So the index has held up, but beneath the surface, the market is actually falling.\"<b>Investors are generally worried that the banking crisis will trigger a credit crunch that will make borrowing more difficult, so small companies with limited funds are generally falling. Large companies, on the other hand, have plenty of cash and are less reliant on borrowing, so investors flock to these companies for safety.</b></p><p><b>In March, the Russell 2000 index, which is dominated by small companies, fell by nearly 9%. If every company in the S&P 500 had the same weighting, it would fall 6% this month.</b></p><p><h2>Significant volatility in the bond market increases the attractiveness of stocks.</h2>Prior to the banking crisis, many investors had been betting that interest rates would continue to rise as U.S. inflation showed no signs of cooling. The collapse of Silicon Valley Bank completely overturned rate hike expectations, with investors rushing to liquidate their earlier positions, exacerbating the reversal in bond prices.</p><p>The series of dramatic developments in the banking crisis caused US Treasury bonds to \"jump wildly,\" with the weighted implied volatility MOVE Index of US Treasury options soaring to a high of around 200 at one point in the middle of the month.</p><p>As of March 23, the two-year U.S. Treasury yield had fluctuated by more than 10 basis points for 11 consecutive trading days, with 7 trading days rising and 4 trading days falling, marking a large fluctuation not seen since 1981. This has had a negative impact on both bullish and bearish investors.</p><p>This volatility further benefits the stock market, as the lower yields in the bond market increase the attractiveness of stocks.</p><p>However, some analysts believe the crisis is far from over.<b>Continued risk aversion is unlikely to support the overall market index, and even technology stocks will not be spared when an economic recession arrives.</b></p><p>Mike Wilson Point out:</p><p>“Big tech companies that people flock to are not immune to economic recessions. Although some people think they are insensitive to the economy, these companies will also have to weather the winter if a recession or similar situation occurs.”</body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3684942\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/94f63b769c643e0ff38e9cbf00081219","relate_stocks":{"AAPL":"苹果","GOOG":"谷歌"},"source_url":"https://wallstreetcn.com/articles/3684942","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2322499931","content_text":"银行业危机，让大型科技股变成了“避险资产”，支撑起了美股大盘的表现。3月，欧美银行业迎来史无前例的混乱。硅谷银行、签字银行乃至百年银行瑞信相继倒闭，连续的震荡让市场坐上了过山车。那么，美股大盘因此下跌了多少呢？答案是几乎没受到影响。最近1个月，尽管KBW银行指数暴跌近30%，但标普500只微跌0.28%。同时，以科技股为主的纳指则涨超3%。市场普遍认为，银行业危机将会降低美联储加息的动力。因此银行的劫难，变成了科技股的狂欢。科技股成“避险资产”从美股主要股指的走势来看，这场危机似乎不是什么大事，主要是因为银行业的危机大幅降低了美联储加息的动力。虽然银行遭遇重挫，但期货市场普遍预计，利率峰值会比之前更低，美联储很快会暂停加息甚至年内就会转向降息。更低的利率会大大利好科技股，市场已经在定价这一预期，指数中权重最大的几家科技公司都在涨：苹果和微软本月分别上涨9%和12%。谷歌母公司Alphabet上涨了17%。摩根士丹利首席美国股票策略师Mike Wilson表示，投资者蜂拥买入大型科技股，这些公司的上涨掩盖了大市的下跌：“市场变得非常狭窄，指数中最高的权重是高质量的大型科技股，这些是人们趋之若鹜的对象。所以，指数保持住了，但表象之下，大盘实际上在下跌。”投资者普遍担心银行危机将引发信贷紧缩，使借贷更加困难，因此资金有限的小公司普遍下跌。而大公司的现金则十分充裕，不那么依赖借贷，所以投资者纷纷涌向这些公司避险。3月，以小公司为主的罗素2000指数下跌了近9%。如果标普500的每家公司都拥有同等权重，这个月将下跌6%。债券市场大幅震荡 增加股票吸引力在银行业危机之前，因为美国通胀依然没有降温迹象，许多投资者一直在押注利率继续上升。而硅谷银行的崩溃则彻底颠覆了加息预期，投资者急于平仓早先的头寸，加剧了债券价格的逆转。而银行危机的一连串戏剧性发展，让美债“上蹿下跳”，美债期权的加权隐含波动率MOVE Index月中一度飙升至200附近的高点。截至3月23日，两年期美债收益率已经连续11个交易日波动超过10个基点，其中7个交易日上升，4个交易日下跌，创下自1981年以来从未出现过的大幅波动。对看涨和看跌的投资者都产生了不利影响。这种波动性进一步利好股市，因为债市较低的收益率增加了股票的吸引力。不过，部分分析师认为，危机还远未结束，避险行为的持续很难继续支撑大盘指数，经济衰退到来时，即使是科技股也不能幸免。Mike Wilson指出：“人们蜂拥而至的大科技公司不能幸免于经济衰退。 尽管有人认为它们对经济不敏感，但如果出现衰退或类似的情况，这些公司也一样得过冬。”","news_type":1,"symbols_score_info":{"AAPL":0.9,"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":4913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943766186,"gmtCreate":1679728281045,"gmtModify":1679728286347,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142132894490722","authorIdStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943766186","repostId":"2322120896","repostType":2,"repost":{"id":"2322120896","kind":"highlight","pubTimestamp":1679723312,"share":"https://ttm.financial/m/news/2322120896?lang=en_US&edition=fundamental","pubTime":"2023-03-25 13:48","market":"us","language":"zh","title":"After banks, is it the turn of hedge funds? US regulators warn of risks!","url":"https://stock-news.laohu8.com/highlight/detail?id=2322120896","media":"华尔街见闻","summary":"上周Graticule Asia倒下后，去年表现出色的Rokos，也在本周遭到了“提示风险”。","content":"<p><html><head></head><body>Following the collapse of Graticule Asia last week, Rokos, which performed well last year, also faced a \"risk warning\" this week. The banking crisis triggered a sharp shock in the bond market, and a large number of macro hedge funds that had experienced significant pullback/retracement faced the risk of collapse. Following the collapse of Graticule Asia last week, Rokos, which performed well last year, has also received a risk warning from the U.S. Securities and Exchange Commission.</p><p>Earlier this month, Rokos, one of the world's largest macro hedge funds, was forced to deliver large amounts of cash to banks as collateral following a major failure in U.S. government bonds.</p><p>According to media reports citing sources familiar with the matter, U.S. Securities and Exchange Commission Chairman Gary Gensler mentioned the fund during a call with U.K. regulators this week because it faces higher margin requirements than its peers.</p><p>While U.S. regulators do not regulate London-based Rokos, the agency remains highly vigilant about tensions in financial markets following a recent spate of explosive events in the banking sector.</p><p>According to another person familiar with the matter, British regulators have agreed to closely monitor the hedge fund.</p><p><h2>A large number of macro hedge funds have been severely damaged, and Rokos may become the \"biggest loser\".</h2><a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The collapse raised concerns about the overall health of the U.S. regional banking system. The market immediately bet that the Federal Reserve would slow its rate hike to support financial stability, and people competed to buy U.S. Treasury Bond, resulting in a large number of hedge funds that bet in the wrong direction suffering heavy losses in the bond price surge.</p><p>Last week, veteran macro trader Adam Levinson announced the closure of his Graticule Asia macro hedge fund, the first well-known fund to collapse amid recent bond market turmoil. According to sources,<b>The Singapore-based fund has plummeted more than 25% so far this year, with the decline largely following the collapse of SVB Bank.</b></p><p>Wall Street Insights reported that London-based macro hedge fund Maniyar lost 22% in the month ending last Friday. Another British hedge fund, Haidar Macro's Jupiter Fund, fell 32% after rising 193% in 2022.</p><p>In addition, Graham Capital Management's Tactical trend fund, which profited from betting on rising interest rates last year, lost about 10%. The Lynx Program, a diversified trend-tracking strategy fund of Stockholm-based Lynx Asset Management, also fell by about 10% during the same period.</p><p>Industry insiders say Rokos is one of the biggest losers in the short term. It is reported that as of March 17, Rokos, which manages approximately $15.5 billion, saw its stock price fall by as much as 12.5% that month, facing additional margin requirements from multiple counterparties. According to media reports, several Rokos counterparties have stated that they are not currently concerned about Rokos's ability to meet the additional margin requirements.</p><p>It is understood that Chris Rokos, the founder of Rokos, was the co-founder and star trader of Brevan Howard, a multi-billion dollar British hedge fund. At the end of 2021, Rokos, which bet on the wrong direction in the bond market, repeatedly made headlines in major financial media due to its huge fund losses. However, in 2022, Rokos rebounded by 51% and became one of the best-performing macro hedge funds last year.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After banks, is it the turn of hedge funds? US regulators warn of risks!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter banks, is it the turn of hedge funds? US regulators warn of risks!\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-03-25 13:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Following the collapse of Graticule Asia last week, Rokos, which performed well last year, also faced a \"risk warning\" this week. The banking crisis triggered a sharp shock in the bond market, and a large number of macro hedge funds that had experienced significant pullback/retracement faced the risk of collapse. Following the collapse of Graticule Asia last week, Rokos, which performed well last year, has also received a risk warning from the U.S. Securities and Exchange Commission.</p><p>Earlier this month, Rokos, one of the world's largest macro hedge funds, was forced to deliver large amounts of cash to banks as collateral following a major failure in U.S. government bonds.</p><p>According to media reports citing sources familiar with the matter, U.S. Securities and Exchange Commission Chairman Gary Gensler mentioned the fund during a call with U.K. regulators this week because it faces higher margin requirements than its peers.</p><p>While U.S. regulators do not regulate London-based Rokos, the agency remains highly vigilant about tensions in financial markets following a recent spate of explosive events in the banking sector.</p><p>According to another person familiar with the matter, British regulators have agreed to closely monitor the hedge fund.</p><p><h2>A large number of macro hedge funds have been severely damaged, and Rokos may become the \"biggest loser\".</h2><a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The collapse raised concerns about the overall health of the U.S. regional banking system. The market immediately bet that the Federal Reserve would slow its rate hike to support financial stability, and people competed to buy U.S. Treasury Bond, resulting in a large number of hedge funds that bet in the wrong direction suffering heavy losses in the bond price surge.</p><p>Last week, veteran macro trader Adam Levinson announced the closure of his Graticule Asia macro hedge fund, the first well-known fund to collapse amid recent bond market turmoil. According to sources,<b>The Singapore-based fund has plummeted more than 25% so far this year, with the decline largely following the collapse of SVB Bank.</b></p><p>Wall Street Insights reported that London-based macro hedge fund Maniyar lost 22% in the month ending last Friday. Another British hedge fund, Haidar Macro's Jupiter Fund, fell 32% after rising 193% in 2022.</p><p>In addition, Graham Capital Management's Tactical trend fund, which profited from betting on rising interest rates last year, lost about 10%. The Lynx Program, a diversified trend-tracking strategy fund of Stockholm-based Lynx Asset Management, also fell by about 10% during the same period.</p><p>Industry insiders say Rokos is one of the biggest losers in the short term. It is reported that as of March 17, Rokos, which manages approximately $15.5 billion, saw its stock price fall by as much as 12.5% that month, facing additional margin requirements from multiple counterparties. According to media reports, several Rokos counterparties have stated that they are not currently concerned about Rokos's ability to meet the additional margin requirements.</p><p>It is understood that Chris Rokos, the founder of Rokos, was the co-founder and star trader of Brevan Howard, a multi-billion dollar British hedge fund. At the end of 2021, Rokos, which bet on the wrong direction in the bond market, repeatedly made headlines in major financial media due to its huge fund losses. However, in 2022, Rokos rebounded by 51% and became one of the best-performing macro hedge funds last year.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3684867\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d728858040a36ebec90a50a1e2d30d91","relate_stocks":{"161121":"银行","SIVBQ":"硅谷银行"},"source_url":"https://wallstreetcn.com/articles/3684867","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2322120896","content_text":"上周Graticule Asia倒下后，去年表现出色的Rokos，也在本周遭到了“提示风险”。银行业危机引发了债市剧震，一大批遭遇大幅回撤的宏观对冲基金面临倒闭风险。自上周Graticule Asia倒下后，去年表现出色的Rokos也遭美国证券交易委员会提示风险。本月早些时候，全球最大的宏观对冲基金之一的Rokos，因在美国政府债券上的大手笔失败而迫向银行交付大量现金作为保证金。媒体援引知情人士消息称，美国证券交易委员会主席加里·根斯勒在本周与英国监管机构通话时提到了该基金，因其面临比同行更大的保证金追加要求。虽然美国监管机构并不监管总部位于伦敦的 Rokos，但在最近银行业连续出现爆炸性事件后，该机构对金融市场的紧张局势保持高度警惕。据另一名知情人士透露，英国监管机构同意密切关注这家对冲基金。大批宏观对冲基金遭重创，Rokos或成“最大输家”硅谷银行的倒闭，引发了人们对美国地区银行体系整体健康状况的担忧，市场随即押注美联储(fed)将放缓加息步伐，以支撑金融稳定，人们竞相争购美国国债，导致了大批押错方向的对冲基金在债券价格涨势中备受亏损打击。上周，资深宏观交易员Adam Levinson宣布关闭旗下Graticule Asia宏观对冲基金，这也是近期债市动荡之际第一家倒闭的知名基金。知情人士透露称，这家总部位于新加坡的基金今年迄今暴跌逾25%，下跌主要出现在SVB银行倒闭之后。华尔街见闻提及，在截至上周五的一个月里，伦敦宏观对冲基金Maniyar亏损了22%。另一家英国对冲基金Haidar Macro的Jupiter基金下跌了32%，该基金在2022年上涨了193%。此外，去年押注利率上升而获利的Graham Capital Management旗下Tactical trend基金亏损了约10%。总部位于斯德哥尔摩的Lynx Asset Management的多元化趋势跟踪策略基金Lynx Program同期也下跌了约10%。业内人士表示，Rokos是短期内最大的输家之一。据悉，截至3月17日，管理约155亿美元的Rokos当月跌幅高达12.5%，面临多个交易对手追加保证金要求。据媒体报道，多家Rokos交易对手方表示，目前他们并不担心Rokos满足追加保证金要求的能力。据悉，Rokos的创始人Chris Rokos曾是百亿美元的英国对冲基金公司Brevan Howard的联合创始人与明星交易员。2021年底，押错债券市场方向Rokos，就因其基金巨幅亏损屡次登上各大财经媒体头条。不过，2022年，Rokos取得了51%的反弹，并一跃成为去年表现最为出色的宏观对冲基金之一。","news_type":1,"symbols_score_info":{"161121":0.9,"SIVBQ":0.9,"SIVB":0.9}},"isVote":1,"tweetType":1,"viewCount":4472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943792245,"gmtCreate":1679686923788,"gmtModify":1679686928399,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142132894490722","authorIdStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[呆住]&nbsp;","listText":"[呆住]&nbsp;","text":"[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943792245","repostId":"2321164551","repostType":2,"repost":{"id":"2321164551","kind":"news","pubTimestamp":1679671756,"share":"https://ttm.financial/m/news/2321164551?lang=en_US&edition=fundamental","pubTime":"2023-03-24 23:29","market":"hk","language":"zh","title":"Wang Xing responds to competition with Douyin: Meituan is confident in maintaining its advantage.","url":"https://stock-news.laohu8.com/highlight/detail?id=2321164551","media":"第一财经","summary":"3月24日，美团发布了2022年全年财报。财报电话会上，美团创始人王兴回答了多个问题。对于与抖音等平台竞争的问题上，王兴表示，“美团在骑手、运营网络和商户质量方面都非常有信心。其他的一些平台，目前主要","content":"<p><div>On March 24, Meituan released its full-year financial report for 2022. During the earnings call, Meituan founder Wang Xing answered several questions. Regarding competition with platforms like Douyin, Wang Xing stated, \"Meituan is very confident in its riders, operational network, and merchant quality. Other platforms currently mainly offer next-day delivery, but this model has limited impact on us, and consumer expectations vary. We can meet user needs in different consumption scenarios.\" In instant food delivery, transaction efficiency is crucial. Some short video platforms have lower transaction efficiency, hence the differences...</p><p><a href=\"https://www.yicai.com/news/101711598.html\">Web page link</a></div></p>","source":"dyvj","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>Wang Xing responds to competition with Douyin: Meituan is confident in maintaining its advantage.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWang Xing responds to competition with Douyin: Meituan is confident in maintaining its advantage.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">第一财经</strong><span class=\"h-time small\">2023-03-24 23:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>On March 24, Meituan released its full-year financial report for 2022. During the earnings call, Meituan founder Wang Xing answered several questions. Regarding competition with platforms like Douyin, Wang Xing stated, \"Meituan is very confident in its riders, operational network, and merchant quality. Other platforms currently mainly offer next-day delivery, but this model has limited impact on us, and consumer expectations vary. We can meet user needs in different consumption scenarios.\" In instant food delivery, transaction efficiency is crucial. Some short video platforms have lower transaction efficiency, hence the differences...</p><p><a href=\"https://www.yicai.com/news/101711598.html\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.yicai.com/news/101711598.html\">第一财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0f3a05733d20d0d816a643f8d41697d2","relate_stocks":{"LU0918141887.USD":"安联亚洲实际收益股票基金","BK1604":"节假日概念","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK1521":"挪威政府全球养老基金持仓","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","BK1589":"北水核心资产","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU0067412154.USD":"UBS (LUX) EQUITY FUND - 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Greater China A (acc) SGD","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","LU0856984785.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"ACH\" (SGDHDG) ACC","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","BK1575":"同股不同权","03690":"美团-W","LU1226287529.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) ACC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","BK1591":"就地过年概念","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK1583":"高瓴概念"},"source_url":"https://www.yicai.com/news/101711598.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2321164551","content_text":"3月24日，美团发布了2022年全年财报。财报电话会上，美团创始人王兴回答了多个问题。对于与抖音等平台竞争的问题上，王兴表示，“美团在骑手、运营网络和商户质量方面都非常有信心。其他的一些平台，目前主要提供一些第二天的预定外送，这样的模式对我们的影响有限，消费者的预期也有所不同。我们可以在不同的消费场景中满足用户的需求。在即时外卖中，交易的效率非常重要，一些短视频平台的交易效率会比较低，所以有所不同。”王兴同时表示，在短视频平台上，不少商家因为流量成本等原因投放广告，成本效益会高一些。但是美团建立了非常广阔的网络，能够去满足更大的需求尤其是峰值时的外卖需求。美团的运营网络未来会更可靠、更高效，因此外卖业务在未来有着进一步的增长潜力。美团对于所占有的领先地位具有信心，会继续在外卖以及商户网络中占有竞争优势，也会进一步优化市场战略，通过不同的市场营销战略提供产品，更好地满足消费者日益广阔的商品和服务需求。到店业务竞争方面，王兴认为美团也有着差异化的竞争优势。王兴表示美团已经有近10年的经验，平台也积累了大量的高质量商户，拥有不同的本地服的品类，美团也不断加强消费者的心智，为消费者提供效益最好的商品和服务。王兴表示，去年的疫情给到店业务带来了负面影响。随着消费复苏，消费者持续在平台上搜索新的商家和新的服务，并且复苏速度非常快，美团在线的渗透率也会继续提升。消费者在美团平台上的商户浏览记录也不断增加。在新的竞争环境中，美团会不断提高覆盖率以及服务水平，同时推出针对消费者的刺激措施，加强消费者对平台的忠诚度。此外，美团也会渗入低级城市，吸引更多的消费者。今年美团会关注协同增效，实现到店和线上业务两者之间的相互作用，美团有信心长期保持自己的领先地位。对于今年在海外市场的扩张计划，王兴回应称“中国香港是我们的第一站，目前为止我们还没有其他的扩张计划。美团在扩张上比较有耐心，我们选择香港是因为香港是一个多语言的环境，但是饮食习惯又和中国大陆非常类似，因此在国际拓展上香港是一个适合尝试的地方，每一个市场的成功都取决于我们是否了解当地的商业模式和商业情况，所以对于香港这个市场，我们会继续提升运营。同时强调我们对于海外业务非常审慎，长期看可能也会拓展到别的市场，但现在还不是我们的关注重点。另外我们很快会在香港推出更多的服务。”在消费复苏的话题上，王兴表示美团注意到意旅游业复苏非常快，“在今年春节，我们看到像三亚、珠海、厦门等目的地的旅游者数量快速增加，而美团酒店预定和去年春节相比有40%的增长，在2023年的前两个月酒店的GTV出现了60%的同比增长，美团也看到了平均客单价也在提升。”此外，美团观察到外卖行业的复苏在2月进一步加快，到店消费也回到了高增长的轨道中。","news_type":1,"symbols_score_info":{"03690":0.9}},"isVote":1,"tweetType":1,"viewCount":4546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943796254,"gmtCreate":1679682615879,"gmtModify":1679682619897,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142132894490722","authorIdStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[呆住]&nbsp;","listText":"[呆住]&nbsp;","text":"[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943796254","repostId":"1113984769","repostType":4,"repost":{"id":"1113984769","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1679646420,"share":"https://ttm.financial/m/news/1113984769?lang=en_US&edition=fundamental","pubTime":"2023-03-24 16:27","market":"us","language":"zh","title":"Unusual Movement | Big News Announced: Faraday Future Surges! Block continues to fall after being targeted by short-selling institutions.","url":"https://stock-news.laohu8.com/highlight/detail?id=1113984769","media":"老虎资讯综合","summary":"3月24日，美股指期货涨跌不一，道指期货涨0.06%，纳指期货涨0.05%，标普500指数期货涨0.01%。法拉第未来盘前涨超6%，公司宣布启动FF 91 Futurist开始生产倒计时，该车型将于美","content":"<p><html><head></head><body>On March 24, U.S. stock index futures were mixed, with Dow Jones futures up 0.06%, Nasdaq futures up 0.05%, and S&P 500 futures up 0.01%.<img src=\"https://static.tigerbbs.com/b832fa3318794fd2ba6dc93283a77a08\" tg-width=\"435\" tg-height=\"194\" referrerpolicy=\"no-referrer\"/></p><p>Faraday Future shares rose more than 6% in pre-market trading after the company announced the start of the countdown to the start of production of the FF 91 Futurist, which will begin production (SOP) on March 29, 2023 (March 30, Beijing time). The company will hold an SOP ceremony for the FF 91 Futurist at its FF ieFactory California factory on March 29, 2023, US time.</p><p><a href=\"https://laohu8.com/S/UBS\">UBS</a>、<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Both shares fell by more than 3% in pre-market trading. Sources say the U.S. Department of Justice...<a href=\"https://laohu8.com/S/UBS\">UBS</a>And the investigation into whether Credit Suisse helped Russian oligarchs evade sanctions against two banks.</p><p><a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>The stock fell more than 6% in pre-market trading, while the price of credit default swaps rose.</p><p><a href=\"https://laohu8.com/S/SQ\">Block</a>The stock fell more than 3% in pre-market trading, after falling more than 14% in the previous trading day. Hindenburg announces short selling<a href=\"https://laohu8.com/S/SQ\">Block</a>The company's report states that,<a href=\"https://laohu8.com/S/SQ\">Block</a>This grossly exaggerates the actual number of users and underestimates their customer acquisition costs.</p><p><a href=\"https://laohu8.com/S/VORB\">Virgin Orbit</a>The stock rose more than 14% in pre-market trading after the company said it was in talks with \"relevant parties\" regarding an investment in the company.</p><p></body></html></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>Unusual Movement | Big News Announced: Faraday Future Surges! Block continues to fall after being targeted by short-selling institutions.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnusual Movement | Big News Announced: Faraday Future Surges! Block continues to fall after being targeted by short-selling institutions.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-03-24 16:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On March 24, U.S. stock index futures were mixed, with Dow Jones futures up 0.06%, Nasdaq futures up 0.05%, and S&P 500 futures up 0.01%.<img src=\"https://static.tigerbbs.com/b832fa3318794fd2ba6dc93283a77a08\" tg-width=\"435\" tg-height=\"194\" referrerpolicy=\"no-referrer\"/></p><p>Faraday Future shares rose more than 6% in pre-market trading after the company announced the start of the countdown to the start of production of the FF 91 Futurist, which will begin production (SOP) on March 29, 2023 (March 30, Beijing time). The company will hold an SOP ceremony for the FF 91 Futurist at its FF ieFactory California factory on March 29, 2023, US time.</p><p><a href=\"https://laohu8.com/S/UBS\">UBS</a>、<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Both shares fell by more than 3% in pre-market trading. Sources say the U.S. Department of Justice...<a href=\"https://laohu8.com/S/UBS\">UBS</a>And the investigation into whether Credit Suisse helped Russian oligarchs evade sanctions against two banks.</p><p><a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>The stock fell more than 6% in pre-market trading, while the price of credit default swaps rose.</p><p><a href=\"https://laohu8.com/S/SQ\">Block</a>The stock fell more than 3% in pre-market trading, after falling more than 14% in the previous trading day. Hindenburg announces short selling<a href=\"https://laohu8.com/S/SQ\">Block</a>The company's report states that,<a href=\"https://laohu8.com/S/SQ\">Block</a>This grossly exaggerates the actual number of users and underestimates their customer acquisition costs.</p><p><a href=\"https://laohu8.com/S/VORB\">Virgin Orbit</a>The stock rose more than 14% in pre-market trading after the company said it was in talks with \"relevant parties\" regarding an investment in the company.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4f6ec6e99c0c8b9feb7f296b78c65a54","relate_stocks":{"BK4585":"ETF&股票定投概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4528":"SaaS概念","BK4106":"数据处理与外包服务",".IXIC":"NASDAQ Composite","BK4581":"高盛持仓","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","BK4588":"碎股","UBS":"瑞银",".SPX":"S&P 500 Index","BK4554":"元宇宙及AR概念",".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113984769","content_text":"3月24日，美股指期货涨跌不一，道指期货涨0.06%，纳指期货涨0.05%，标普500指数期货涨0.01%。法拉第未来盘前涨超6%，公司宣布启动FF 91 Futurist开始生产倒计时，该车型将于美国时间2023年3月29日（北京时间3月30日）开始生产（SOP）。公司将于美国时间2023年3月29日在其FF ieFactory California工厂举办FF 91 Futurist的SOP仪式。瑞银、瑞士信贷盘前均跌超3%。消息人士称，美国司法部就瑞银和瑞信是否帮助俄罗斯寡头逃避制裁调查两家银行。德意志银行盘前跌超6%，信用违约互换价格上涨。Block盘前跌超3%，该股上一交易日跌超14%。兴登堡发布做空Block公司的报告指，Block严重夸大了真实用户数量，低估了其获客成本。维珍轨道盘前涨超14%，该公司称正在与“有关各方”就对公司的投资进行谈判。","news_type":1,"symbols_score_info":{"FFIE":0.9,".IXIC":0.9,"NQ2303":0.9,".SPX":0.9,".DJI":0.9,"CS":0.9,"SQ":0.9,"YMmain":0.9,"UBS":0.9}},"isVote":1,"tweetType":1,"viewCount":4842,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943796184,"gmtCreate":1679682306248,"gmtModify":1679682311115,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142132894490722","authorIdStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[傲娇]&nbsp;","listText":"[傲娇]&nbsp;","text":"[傲娇]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943796184","repostId":"1159293532","repostType":4,"isVote":1,"tweetType":1,"viewCount":4767,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943403413,"gmtCreate":1679592961533,"gmtModify":1679593102812,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142132894490722","authorIdStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943403413","repostId":"1156325531","repostType":4,"repost":{"id":"1156325531","kind":"news","pubTimestamp":1679574642,"share":"https://ttm.financial/m/news/1156325531?lang=en_US&edition=fundamental","pubTime":"2023-03-23 20:30","market":"us","language":"zh","title":"The job market remains tight, and the number of initial jobless claims in the United States unexpectedly fell for the second consecutive week.","url":"https://stock-news.laohu8.com/highlight/detail?id=1156325531","media":"智通财经网","summary":"美国劳工部周四公布的数据显示，截至3月18日当周，初请失业金人数减少1000人，至19.1万人，经济学家普遍预期为19.7万人，前值为19.2万人。美国初请失业金人数连续第二周意外减少，突显出就业市场","content":"<p><html><head></head><body><b>Data released by the U.S. Labor Department on Thursday showed that initial jobless claims fell by 1,000 to 191,000 in the week ending March 18, compared to economists' consensus of 197,000 and the previous figure of 192,000.</b>The number of initial jobless claims in the United States unexpectedly fell for the second consecutive week, highlighting the continued tightness of the job market and employers' reluctance to lay off workers. Data released by the U.S. Labor Department on Thursday showed that initial jobless claims fell by 1,000 to 191,000 in the week ending March 18, compared to economists' consensus of 197,000 and the previous figure of 192,000.</p><p>As of the week ending March 11, the number of people continuing to apply for unemployment benefits remained basically unchanged at 1.694 million. This number can provide clues about how difficult it is for unemployed people to find new jobs.</p><p><img src=\"https://static.tigerbbs.com/e962dad1e2ec62353883f990723b88c0\" tg-width=\"530\" tg-height=\"312\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>This report demonstrates that the labor market has remained largely resilient against the backdrop of Federal Reserve rate hike over the past year. Initial jobless claims continue to hover near historic lows, while job creation remains strong.</p><p>Because industries such as food service, leisure, and hospitality struggle to attract and retain employees, nearly two jobs are open for every unemployed American.</p><p>Nevertheless, with some companies, including Amazon and Meta, laying off employees, economists expect the number of initial jobless claims to eventually reflect these announcements.</p><p>Meanwhile, it remains unclear what impact the recent bank failures will have on the job market; however, tightening lending standards and rising borrowing costs could dampen economic growth.</p><p>Other data showed that the four-week moving average of initial unemployment claims fell slightly to 196,250. On an unadjusted basis, initial jobless claims fell to 213,425, with declines in California, Illinois and New York and increases in Indiana.</p><p></body></html></p>","source":"highlight_zhitongcaijin","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The job market remains tight, and the number of initial jobless claims in the United States unexpectedly fell for the second consecutive week.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe job market remains tight, and the number of initial jobless claims in the United States unexpectedly fell for the second consecutive week.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2023-03-23 20:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Data released by the U.S. Labor Department on Thursday showed that initial jobless claims fell by 1,000 to 191,000 in the week ending March 18, compared to economists' consensus of 197,000 and the previous figure of 192,000.</b>The number of initial jobless claims in the United States unexpectedly fell for the second consecutive week, highlighting the continued tightness of the job market and employers' reluctance to lay off workers. Data released by the U.S. Labor Department on Thursday showed that initial jobless claims fell by 1,000 to 191,000 in the week ending March 18, compared to economists' consensus of 197,000 and the previous figure of 192,000.</p><p>As of the week ending March 11, the number of people continuing to apply for unemployment benefits remained basically unchanged at 1.694 million. This number can provide clues about how difficult it is for unemployed people to find new jobs.</p><p><img src=\"https://static.tigerbbs.com/e962dad1e2ec62353883f990723b88c0\" tg-width=\"530\" tg-height=\"312\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>This report demonstrates that the labor market has remained largely resilient against the backdrop of Federal Reserve rate hike over the past year. Initial jobless claims continue to hover near historic lows, while job creation remains strong.</p><p>Because industries such as food service, leisure, and hospitality struggle to attract and retain employees, nearly two jobs are open for every unemployed American.</p><p>Nevertheless, with some companies, including Amazon and Meta, laying off employees, economists expect the number of initial jobless claims to eventually reflect these announcements.</p><p>Meanwhile, it remains unclear what impact the recent bank failures will have on the job market; however, tightening lending standards and rising borrowing costs could dampen economic growth.</p><p>Other data showed that the four-week moving average of initial unemployment claims fell slightly to 196,250. On an unadjusted basis, initial jobless claims fell to 213,425, with declines in California, Illinois and New York and increases in Indiana.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/897521.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/627bc890436e46f74a0fe8143398a725","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/897521.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1156325531","content_text":"美国劳工部周四公布的数据显示，截至3月18日当周，初请失业金人数减少1000人，至19.1万人，经济学家普遍预期为19.7万人，前值为19.2万人。美国初请失业金人数连续第二周意外减少，突显出就业市场仍然紧张，雇主不愿裁员。美国劳工部周四公布的数据显示，截至3月18日当周，初请失业金人数减少1000人，至19.1万人，经济学家普遍预期为19.7万人，前值为19.2万人。截至3月11日当周，续请失业金人数基本持平，为169.4万人。这个数字可以为失业人员找到新工作的难易程度提供线索。这份报告展示了在过去一年美联储加息的背景下，劳动力市场在很大程度上保持了弹性。初请失业金人数继续徘徊在历史最低水平附近，就业创造依然强劲。由于食品服务、休闲和酒店等行业难以吸引和留住员工，每一个失业的美国人就有近两个职位空缺。尽管如此，随着包括亚马逊和Meta在内的一些公司纷纷裁员，经济学家预计，初请失业金人数最终将反映这些公告。与此同时，目前尚不清楚最近的银行倒闭将对就业市场产生何种影响，不过，贷款标准收紧和借贷成本上升可能会抑制经济增长。其他数据显示，初请失业金人数的四周移动平均值小幅下降至196,250人。在未经调整的基础上，初请失业金人数降至213,425人，加利福尼亚州、伊利诺伊州和纽约州的初请失业金人数有所下降，印第安纳州则有所上升。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":5436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943403668,"gmtCreate":1679592809754,"gmtModify":1679593102814,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142132894490722","authorIdStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[无语]&nbsp;","listText":"[无语]&nbsp;","text":"[无语]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943403668","repostId":"1152299138","repostType":4,"repost":{"id":"1152299138","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1679579160,"share":"https://ttm.financial/m/news/1152299138?lang=en_US&edition=fundamental","pubTime":"2023-03-23 21:46","market":"us","language":"zh","title":"Nvidia shares rose more than 3% in early trading, with its total market capitalization surpassing that of Berkshire Hathaway.","url":"https://stock-news.laohu8.com/highlight/detail?id=1152299138","media":"老虎资讯综合","summary":"3月23日，英伟达盘初涨超3%，总市值逾6700亿美元，总市值超过伯克希尔哈撒韦。美银分析师称，基于芯片巨头英伟达在人工智能和大型语言模型(LLM)领域日益领先的因素，该公司股价未来料将大幅上涨。美银","content":"<p><html><head></head><body>On March 23,<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>It rose more than 3% in early trading, with a total market capitalization exceeding $670 billion.<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway.</p><p>Bank of America analysts say that Nvidia's stock price is expected to rise significantly in the future, given its growing leadership in artificial intelligence and large language models (LLM).</p><p>Bank of America stated that, given Nvidia's size and vision, it may accelerate the process of bringing large language models (LLMs) into almost every end market. The scope and ambition of Jensen Huang's keynote speech \"reinforced Nvidia's dominant position in the generative AI and LLM markets, which could reshape the existing technology industry and usher in disruptive startups.\"<img src=\"https://static.tigerbbs.com/7d040ce2c9b19ed4562a4d9be2d05cbc\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/491a9009198a4ca86eb588f02573e45e\" tg-width=\"532\" tg-height=\"490\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/52ad54e6f96a10979dbe6ca40a47d036\" tg-width=\"521\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>Nvidia shares rose more than 3% in early trading, with its total market capitalization surpassing that of Berkshire Hathaway.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia shares rose more than 3% in early trading, with its total market capitalization surpassing that of Berkshire Hathaway.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-03-23 21:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On March 23,<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>It rose more than 3% in early trading, with a total market capitalization exceeding $670 billion.<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>Hathaway.</p><p>Bank of America analysts say that Nvidia's stock price is expected to rise significantly in the future, given its growing leadership in artificial intelligence and large language models (LLM).</p><p>Bank of America stated that, given Nvidia's size and vision, it may accelerate the process of bringing large language models (LLMs) into almost every end market. The scope and ambition of Jensen Huang's keynote speech \"reinforced Nvidia's dominant position in the generative AI and LLM markets, which could reshape the existing technology industry and usher in disruptive startups.\"<img src=\"https://static.tigerbbs.com/7d040ce2c9b19ed4562a4d9be2d05cbc\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/491a9009198a4ca86eb588f02573e45e\" tg-width=\"532\" tg-height=\"490\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/52ad54e6f96a10979dbe6ca40a47d036\" tg-width=\"521\" tg-height=\"479\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/92a41d20711c9fa4b2aa3cc62ea62948","relate_stocks":{"LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4587":"ChatGPT概念","NVDA":"英伟达","BK4588":"碎股","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0109392836.USD":"富兰克林科技股A","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","BRK.A":"伯克希尔","BK4532":"文艺复兴科技持仓","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152299138","content_text":"3月23日，英伟达盘初涨超3%，总市值逾6700亿美元，总市值超过伯克希尔哈撒韦。美银分析师称，基于芯片巨头英伟达在人工智能和大型语言模型(LLM)领域日益领先的因素，该公司股价未来料将大幅上涨。美银称，以英伟达的规模和愿景来看，其可能会加速推动大型语言模型(LLM)进入几乎每个终端市场的进程；而黄仁勋主题演讲的范围和雄心，“强化了英伟达在生成式AI以及LLM市场的主导地位，这可能会重塑现有的科技行业，并迎来颠覆性的初创公司。”","news_type":1,"symbols_score_info":{"BRK.A":0.9,"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943403844,"gmtCreate":1679592771088,"gmtModify":1679593102880,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142132894490722","authorIdStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[白眼]&nbsp;","listText":"[白眼]&nbsp;","text":"[白眼]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943403844","repostId":"1187243232","repostType":4,"isVote":1,"tweetType":1,"viewCount":1713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943403113,"gmtCreate":1679592684633,"gmtModify":1679593102848,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4142132894490722","authorIdStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943403113","repostId":"1193417234","repostType":4,"repost":{"id":"1193417234","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1679581305,"share":"https://ttm.financial/m/news/1193417234?lang=en_US&edition=fundamental","pubTime":"2023-03-23 22:21","market":"other","language":"zh","title":"The Nasdaq China Golden Dragon Index rose more than 5%, and Bilibili rose more than 11%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1193417234","media":"老虎资讯综合","summary":"3月23日，纳斯达克中国金龙指数涨超5%，金山云涨超17%，哔哩哔哩涨超11%，腾讯音乐涨超9%，爱奇艺、微博涨超8%，网易涨6%。","content":"<p><html><head></head><body>On March 23, the Nasdaq China Golden Dragon Index rose more than 5%.<a href=\"https://laohu8.com/S/KC\">Kingsoft Cloud</a>It rose by over 17%.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 11%,<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Up more than 9%,<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Weibo rose more than 8%, and NetEase rose 6%.</p><p><img src=\"https://static.tigerbbs.com/db6c3835e2756a4d831fce1c0d068f7a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/463885dddf6c66bbdb2e4a581711c656\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>The Nasdaq China Golden Dragon Index rose more than 5%, and Bilibili rose more than 11%.</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{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Nasdaq China Golden Dragon Index rose more than 5%, and Bilibili rose more than 11%.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-03-23 22:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On March 23, the Nasdaq China Golden Dragon Index rose more than 5%.<a href=\"https://laohu8.com/S/KC\">Kingsoft Cloud</a>It rose by over 17%.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 11%,<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Up more than 9%,<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Weibo rose more than 8%, and NetEase rose 6%.</p><p><img src=\"https://static.tigerbbs.com/db6c3835e2756a4d831fce1c0d068f7a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/463885dddf6c66bbdb2e4a581711c656\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{"09626":"哔哩哔哩-W","SG9999001093.SGD":"United Greater China Fund A Acc SGD","BK4588":"碎股","BK4566":"资本集团","HXC":"Mast HedgeIndex Strategic Commodities ETF","BK4509":"腾讯概念","BK1588":"回港中概股","BK4510":"在线教育","BK4563":"昨日强势股","BK4504":"桥水持仓","BK1104":"互动家庭娱乐","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","BK4531":"中概回港概念","BILI":"哔哩哔哩","BK4503":"景林资产持仓","BK4505":"高瓴资本持仓","SG9999001051.SGD":"United Asia Fund SGD","SG9999006597.SGD":"United China-India Dynamic Growth SGD","BK4085":"互动家庭娱乐","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193417234","content_text":"3月23日，纳斯达克中国金龙指数涨超5%，金山云涨超17%，哔哩哔哩涨超11%，腾讯音乐涨超9%，爱奇艺、微博涨超8%，网易涨6%。","news_type":1,"symbols_score_info":{"HXC":0.9,"BILI":0.9,"09626":0.9}},"isVote":1,"tweetType":1,"viewCount":1291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9941972515,"gmtCreate":1679937720537,"gmtModify":1679937723807,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142132894490722","idStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[呆住]&nbsp;","listText":"[呆住]&nbsp;","text":"[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941972515","repostId":"1192976667","repostType":4,"repost":{"id":"1192976667","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1679923848,"share":"https://ttm.financial/m/news/1192976667?lang=en_US&edition=fundamental","pubTime":"2023-03-27 21:30","market":"us","language":"zh","title":"Opening | All three major US stock indexes opened higher, with regional bank stocks rising.","url":"https://stock-news.laohu8.com/highlight/detail?id=1192976667","media":"老虎资讯综合","summary":"3月27日，美股三大指数集体高开，道琼斯指数开盘上涨39.19点，涨幅0.12%，报32276.72点；标普500指数开盘上涨25.06点，涨幅0.63%，报3996.05点；纳斯达克综合指数开盘上涨","content":"<p><html><head></head><body>On March 27, the three major U.S. stock indexes opened higher, with the Dow Jones Industrial Average rising 39.19 points, or 0.12%, to 32,276.72. The S&P 500 opened up 25.06 points, or 0.63%, at 3996.05. The Nasdaq Composite Index opened up 37.50 points, or 0.32%, at 11,861.46.</p><p>U.S. regional bank stocks rose.<a href=\"https://laohu8.com/S/FCNCA\">First Citizen Bank</a>It rose nearly 50%.<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Up more than 30%,<a href=\"https://laohu8.com/S/PACW\">Westpacific United Bank</a>It rose more than 9%.<a href=\"https://laohu8.com/S/WAL\">Allianz Western Bank</a>It rose nearly 7%.</p><p>Most popular Chinese concept stocks fell.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Down 4%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>It fell more than 3%.<a href=\"https://laohu8.com/S/JD\">JD.com</a>It fell by more than 2%.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose more than 2% after Barclays expected its first-quarter deliveries to exceed expectations.</p><p><a href=\"https://laohu8.com/S/PINS\">Pinterest</a>UBS upgraded its rating to buy after rising 4.3%, saying its share price could rise by more than 25% due to its advertising improvement plan.</p><p><a href=\"https://laohu8.com/S/ROKU\">year</a>Up more than 5%, Susquehanna upgraded its rating to \"positive,\" calling it a \"major beneficiary\" of connected TVs.</p><p><a href=\"https://laohu8.com/S/BNTX\">Biotech</a>Down more than 6%, BioNTech's Q4 results exceeded expectations, but this year's vaccine revenue guidance is only 5 billion euros, far below the expected 8.95 billion euros.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening | All three major US stock indexes opened higher, with regional bank stocks rising.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening | All three major US stock indexes opened higher, with regional bank stocks rising.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-03-27 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On March 27, the three major U.S. stock indexes opened higher, with the Dow Jones Industrial Average rising 39.19 points, or 0.12%, to 32,276.72. The S&P 500 opened up 25.06 points, or 0.63%, at 3996.05. The Nasdaq Composite Index opened up 37.50 points, or 0.32%, at 11,861.46.</p><p>U.S. regional bank stocks rose.<a href=\"https://laohu8.com/S/FCNCA\">First Citizen Bank</a>It rose nearly 50%.<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Up more than 30%,<a href=\"https://laohu8.com/S/PACW\">Westpacific United Bank</a>It rose more than 9%.<a href=\"https://laohu8.com/S/WAL\">Allianz Western Bank</a>It rose nearly 7%.</p><p>Most popular Chinese concept stocks fell.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Down 4%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>It fell more than 3%.<a href=\"https://laohu8.com/S/JD\">JD.com</a>It fell by more than 2%.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose more than 2% after Barclays expected its first-quarter deliveries to exceed expectations.</p><p><a href=\"https://laohu8.com/S/PINS\">Pinterest</a>UBS upgraded its rating to buy after rising 4.3%, saying its share price could rise by more than 25% due to its advertising improvement plan.</p><p><a href=\"https://laohu8.com/S/ROKU\">year</a>Up more than 5%, Susquehanna upgraded its rating to \"positive,\" calling it a \"major beneficiary\" of connected TVs.</p><p><a href=\"https://laohu8.com/S/BNTX\">Biotech</a>Down more than 6%, BioNTech's Q4 results exceeded expectations, but this year's vaccine revenue guidance is only 5 billion euros, far below the expected 8.95 billion euros.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{"LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","BK4581":"高盛持仓",".DJI":"道琼斯","BK4099":"汽车制造商","BIDU":"百度","BK4511":"特斯拉概念",".IXIC":"NASDAQ Composite","BK4585":"ETF&股票定投概念","SPY":"标普500ETF",".SPX":"S&P 500 Index","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","PDD":"拼多多","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1548497426.USD":"安联环球人工智能AT Acc","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","WAL":"阿莱恩斯西部银行","BK4505":"高瓴资本持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","TSLA":"特斯拉","BK4504":"桥水持仓","LU0097036916.USD":"贝莱德美国增长A2 USD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","UPRO":"三倍做多标普500ETF-ProShares","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","UDOW":"三倍做多道指30ETF-ProShares","BK4548":"巴美列捷福持仓","IQ":"爱奇艺","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","JD":"京东","BK4574":"无人驾驶","LU2063271972.USD":"富兰克林创新领域基金","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192976667","content_text":"3月27日，美股三大指数集体高开，道琼斯指数开盘上涨39.19点，涨幅0.12%，报32276.72点；标普500指数开盘上涨25.06点，涨幅0.63%，报3996.05点；纳斯达克综合指数开盘上涨37.50点，涨幅0.32%，报11861.46点。美股地区性银行股走高，第一公民银行涨近50%，第一共和银行涨超30%，西太平洋合众银行涨逾9%，阿莱恩斯西部银行涨近7%。热门中概股多数下跌，拼多多跌4%，百度、爱奇艺跌超3%，京东跌超2%。特斯拉涨超2%，此前巴克莱预计该公司第一季度的交付量将超过预期。Pinterest涨4.3%，瑞银将其评级提升至买入，称其股价可能因广告改善计划而上涨超过25%。Roku涨超5%，Susquehanna将其上调评级至“正面”，称其为联网电视“主要受益者”。BioNTech跌超6%，BioNTech Q4业绩虽然超过了预期，但今年疫苗收入指引仅为50亿欧元，远低于预期的89.5亿欧元。","news_type":1,"symbols_score_info":{".SPX":0.9,"TSLA":0.9,"UDOW":0.9,"QNETCN":0.9,"BIDU":0.9,"SPY":0.9,".DJI":0.9,"JD":0.9,".IXIC":0.9,"UPRO":0.9,"WAL":0.9,"FRC":0.9,"IQ":0.9,"PDD":0.9}},"isVote":1,"tweetType":1,"viewCount":4971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941972608,"gmtCreate":1679937702404,"gmtModify":1679937705869,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142132894490722","idStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[真香]&nbsp;","listText":"[真香]&nbsp;","text":"[真香]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941972608","repostId":"1126058534","repostType":4,"repost":{"id":"1126058534","kind":"news","pubTimestamp":1679914944,"share":"https://ttm.financial/m/news/1126058534?lang=en_US&edition=fundamental","pubTime":"2023-03-27 19:02","market":"us","language":"zh","title":"Microsoft's 154-page research paper goes viral! The most comprehensive test of GPT-4 has been revealed, claiming it is the first time it has opened the door to AGI.","url":"https://stock-news.laohu8.com/highlight/detail?id=1126058534","media":"CSDN","summary":"2019 年，微软用 10 亿美元砸进 OpenAI，两者展开为期数年的合作。当时两家对外公开的合作内容包括，微软和 OpenAI 将联合开发新的 Azure AI 超级计算技术，而 OpenAI 也","content":"<p><html><head></head><body>In 2019, Microsoft invested $1 billion in OpenAI, and the two began a multi-year collaboration.</p><p>At the time, the publicly announced collaboration between the two companies included that Microsoft and OpenAI would jointly develop the new Azure AI supercomputing technology, while OpenAI would transfer its services to Azure, with the ultimate goal of launching an offensive against Artificial General Intelligence (AGI) technology.</p><p>In short, the collaboration between Microsoft and OpenAI has been interpreted by outsiders as ostensibly AGI research, but covertly vying for the Google market.</p><p>A few years later, when OpenAI made a triumphant return with ChatGPT and GPT-4, and Microsoft took the lead in using these technologies to invest in new businesses and products such as Bing, the Office suite, and Azure, there was no doubt that its progress had already surpassed Google's overall pace of accelerating its integration into the Bard model.</p><p>So, on the surface, where has AGI progressed?</p><p>Recently, a Microsoft research team provided the answer in a 154-page paper report.<b>The GPT-4 language model can be considered an early version of AGI!</b></p><p><img src=\"https://static.tigerbbs.com/d03f8e255882a99c71fc0f021a323b16\" tg-width=\"1080\" tg-height=\"811\" referrerpolicy=\"no-referrer\"/></p><p>This paper has caused a huge stir, and the industry's reaction to it is no less absurd than when I heard \"Google engineer says AI has self-awareness\" last year. However, now that I think about it again, I think it's impossible, but after reading it in depth, I feel that it is somewhat true.</p><p>The so-called AGI is explained only by Wikipedia: \"AGI is artificial intelligence that has the same intelligence as humans or surpasses humans, and can perform all the intelligent behaviors of normal humans.\" If GPT-4 has truly become the first step towards AGI, is the title of \"supreme intelligent being\" about to change hands?</p><p><b>GPT-4 is reasonably considered an early (but still incomplete) version of AGI.</b></p><p>In their paper, Microsoft researchers stated, \"The latest model, GPT-4, developed by OpenAI, was trained using unprecedented computational and data scales. In the paper, we report on our investigation of an early version of GPT-4, which was still under active development by OpenAI. We believe that (this early version of) GPT-4 is part of a new batch of LLMs (e.g., along with ChatGPT and Google's PaLM), and it exhibits more general intelligence than previous AI models.\"</p><p>Meanwhile, the researchers wrote in the paper abstract, \"We demonstrate that, in addition to mastering language, GPT-4 can solve novel and difficult tasks across fields such as mathematics, coding, vision, medicine, law, and psychology without requiring any special prompts. Furthermore,\"<b>In</b>In all these tasks, GPT-4 performed surprisingly close to human levels, and often significantly outperformed previous models such as ChatGPT.<b>。 Given the breadth and depth of GPT-4’s capabilities, we believe it is reasonable to consider it an early (but still incomplete) version of an artificial general intelligence (AGI) system.</b>”</p><p>This conclusion was reached by the authors behind this paper, including Sébastien Bubeck, Senior Principal Research Manager of the Machine Learning Fundamentals Group at Microsoft Research, Varun Chandrasekaran, a postdoctoral researcher, and Ronen Eldan, who used numerous examples to verify the capabilities of GPT-4.</p><p><b>GPT-4's multiple capabilities</b></p><p>In the first case, the researchers asked GPT-4 to \"write a proof with an infinite number of prime numbers, and the expression of the proof should rhyme on every line,\" and GPT-4 should draw a unicorn in the drawing program TiKZ. Among them, TiKZ (a language for creating graphics in LATEX) uses Python to create a complex animation and solve a high school-level math problem.</p><p>GPT-4 is easily successful in all these tasks, and the output it produces is essentially no different from (or even better than) what humans can produce.</p><p><img src=\"https://static.tigerbbs.com/05d65285f01dbb0ac96bbf0802df8511\" tg-width=\"1080\" tg-height=\"519\" referrerpolicy=\"no-referrer\"/></p><p>Meanwhile, as time goes by, GPT-4 is also expanding its capabilities at an unimaginable speed. The image below shows a drawing generated by researchers using the same prompts for GPT-4 over a period of one month.</p><p><img src=\"https://static.tigerbbs.com/83a00d527473c5f93eb1b79b5bae32c3\" tg-width=\"1080\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/></p><p>Researchers have found that GPT-4 appears to be able to understand and connect to any topic and perform tasks, which goes beyond the typical scope of narrow artificial intelligence systems. To verify GPT-4's capabilities in AGI, researchers have proposed a different approach to studying GPT-4 that is closer to traditional psychology than machine learning, leveraging human creativity and curiosity.</p><p>Therefore, taking the image above as an example, when researchers consider the code for the unicorn horn part to be deleted and let GPT-4 generate it using natural language, it can also achieve the ability to \"see\" (the GPT-4 version being tested at this time is not multimodal): automatically adding horns in the appropriate positions. This demonstrates that GPT-4 can understand and manipulate code based on natural language descriptions, as well as inference and generate visual features.</p><p><img src=\"https://static.tigerbbs.com/4ca60dc79c4d71f395fb827dac68a3e0\" tg-width=\"1080\" tg-height=\"475\" referrerpolicy=\"no-referrer\"/></p><p>In addition, the Microsoft research team generated novel and difficult problems based on human creativity and curiosity, and explored GPT-4's reactions and behaviors. They also chose to verify different abilities given in the 1994 international consensus definition of intelligence, including the ability to reason, plan, solve problems, think abstractly, understand complex ideas, learn quickly, and learn from experience.</p><p><b>translate</b></p><p>GPT-4's main advantage is its unparalleled mastery of natural language. It can not only generate smooth and coherent text, but also understand and process it in various ways, such as summarizing, translating, or answering extremely complex questions. Furthermore, the translation mentioned here refers not only to translation between different natural languages, but also to translation of tone and style, as well as translation across fields such as medicine, law, accounting, computer programming, music, and so on. For example, assuming a Platonic critical autoregressive language model:</p><p><img src=\"https://static.tigerbbs.com/bc0f4c13eabe0eee91bdb3f266d8e88f\" tg-width=\"643\" tg-height=\"748\" referrerpolicy=\"no-referrer\"/></p><p><b>Coding and Data</b></p><p>Coding and mathematics are symbols of abstract reasoning and thinking abilities. GPT-4's capabilities in this regard have been evident to all since the day it was launched for testing.</p><p>In the paper, the researchers benchmarked GPT-4 on HumanEval, a dataset of 164 coding questions that tested various aspects of programming logic and proficiency.</p><p>The final results showed that GPT-4 outperformed other LLMs, including text-davinci-003 (ChatGPT's basic model) and other models specifically trained for code.</p><p><img src=\"https://static.tigerbbs.com/d65bda6dc18d1d667cbc6bee5b25d630\" tg-width=\"1080\" tg-height=\"145\" referrerpolicy=\"no-referrer\"/></p><p>Of course, to prevent GPT-4 from already memorizing some content from the HumanEval dataset during pre-training, the research team also tested it using 100 newly published programming questions on LeetCode, such as asking GPT-4 to write a Python function and using LeetCode's official online evaluation to check its correctness.</p><p><img src=\"https://static.tigerbbs.com/32198a63144b30ac084460aca53b470d\" tg-width=\"656\" tg-height=\"776\" referrerpolicy=\"no-referrer\"/></p><p>Without a doubt, GPT-4 has the highest capabilities among all models.</p><p><img src=\"https://static.tigerbbs.com/f544122b5a2a69928f152fe11ef42051\" tg-width=\"1080\" tg-height=\"272\" referrerpolicy=\"no-referrer\"/></p><p>It can write a 3D game in HTML using JavaScript.</p><p><img src=\"https://static.tigerbbs.com/49af5147998d6cc67c45b9710518b7e8\" tg-width=\"644\" tg-height=\"731\" referrerpolicy=\"no-referrer\"/></p><p>They can also master mathematical and statistical knowledge, and write deep learning code with their familiarity with frameworks and libraries such as PyTorch, TensorFlow, and Keras.</p><p><img src=\"https://static.tigerbbs.com/70e023c35eb4416661dc7b46412adc06\" tg-width=\"1080\" tg-height=\"991\" referrerpolicy=\"no-referrer\"/></p><p>It can also be reverse engineered:</p><p><img src=\"https://static.tigerbbs.com/44cb9dfe023db457e53f1f7c60b760e2\" tg-width=\"1080\" tg-height=\"1019\" referrerpolicy=\"no-referrer\"/></p><p><b>common sense problem</b></p><p>For some common-sense questions, such as \"We have a book, 9 eggs, a laptop, a bottle, and a nail. Please tell me how to stack them together in a stable way,\" GPT-4's answer is \"Arrange the 9 eggs into a 3x3 square, place them on top of the book, and leave some space between them.\" ChatGPT suggests \"Place the eggs on the nails, making sure they are balanced and don't tilt to one side.\" Reliability and absurdity can be distinguished at a glance.</p><p><img src=\"https://static.tigerbbs.com/db1f9cd47eca000a48ae1dd5d793ab4c\" tg-width=\"638\" tg-height=\"658\" referrerpolicy=\"no-referrer\"/></p><p><b>multimodal capability</b></p><p>To test the model's ability to combine artistic and programming skills, researchers asked GPT-4 to \"generate JavaScript code to generate random images in the style of the painter Kandinsky,\" and the result was as follows:</p><p><img src=\"https://static.tigerbbs.com/81d7625bce02914c0f74f27386737a1d\" tg-width=\"658\" tg-height=\"812\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/35c83936be2891ecd60fb804bd707a94\" tg-width=\"1080\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>During testing, because researchers obtained the GPT-4 model relatively early, it did not have multimodal capabilities at the time, and even the current GPT-4 does not have the ability to generate images.</p><p>However, you can use SVG (Scalable Vector Graphics) to generate some images:</p><p><img src=\"https://static.tigerbbs.com/938a3d2786522a3e75078990fa422fb7\" tg-width=\"1080\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>It can also combine letters and objects:</p><p><img src=\"https://static.tigerbbs.com/083df94d8b1309e5ebd0c477503ebf81\" tg-width=\"1080\" tg-height=\"974\" referrerpolicy=\"no-referrer\"/></p><p>GPT-4 can generate code from prompts, which can be rendered as images. When combined with existing image synthesis models, it has the potential to bring unlimited possibilities to application development sketches:</p><p><img src=\"https://static.tigerbbs.com/a9141519e08c8398a0423d686ba1ec9b\" tg-width=\"1080\" tg-height=\"532\" referrerpolicy=\"no-referrer\"/></p><p>It's worth noting that the GPT-4 model's data also includes music information encoded with ABC symbols, so it can also generate graphs:</p><p><img src=\"https://static.tigerbbs.com/641412ac4938a0b06ea2bf083ed0d47c\" tg-width=\"643\" tg-height=\"870\" referrerpolicy=\"no-referrer\"/></p><p><b>The ability to interact with the world</b></p><p>A key aspect of intelligence is interactivity. However, GPT-4 has certain limitations in recognizing the latest knowledge and symbols:</p><p><img src=\"https://static.tigerbbs.com/9e339e3647654071378efb8900a12f3e\" tg-width=\"1080\" tg-height=\"759\" referrerpolicy=\"no-referrer\"/></p><p>Overall, the research team found that GPT-4 achieved near-human-level performance in a range of categories lacking in its previous generation. According to the paper, GPT-4 also performed very well in several exams, scoring 90, 88, and 86 on the bar exam, the LSAT, and the registered sommelier theory test, respectively.</p><p><b>How far is GPT-4 from the ideal AGI?</b></p><p>So, given the various capabilities GPT-4 has achieved, does this signify the arrival of the AGI era? This is not actually the case; researchers have not yet reached an agreement on the definition of AGI or intelligence. However, generally speaking, everyone agrees that AGI has been reached when an artificial intelligence system is conscious and thinks like a human. While GPT-4 outperforms humans in some tasks, it is noteworthy that artificial intelligence has not overcome these obstacles in the same way as humans.</p><p>As the researchers wrote in their paper, \"We claim that GPT-4 represents an advancement in AGI, but this does not mean that it is perfect in what it does, or that it is close to being able to do anything that humans can do (which is one of the common definitions of AGI), or that it has an inherent motivation and goal.\"</p><p>Researchers point out that while GPT-4 \"reaches or exceeds human levels in many tasks,\" its overall \"intelligence model is clearly unlike that of humans.\" They hope this exploration provides a first step in appreciating GPT-4's extraordinary capabilities and challenges, and that GPT-4 will open up new opportunities for developing more formal and comprehensive methods to test and analyze future artificial intelligence systems with such broad intelligence.</p><p>\"The core proposition of our work is that GPT-4 has achieved a form of general intelligence that has indeed sparked the AGI. This is evident in its core mental capabilities (such as reasoning, creativity, and reasoning), the subject range of expertise it acquires (such as literature, medicine, and coding), and the various tasks it can perform (such as playing games, using tools, explaining itself, ...),\" the researchers stated. However, much remains to be done to create a system that can be called a complete AGI.</p><p>Finally, this paper is worth reading regarding various benchmarks for GPT-4, as it can also uncover more of GPT-4's potential.</p><p></body></html></p>","source":"lsy1578046468581","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>Microsoft's 154-page research paper goes viral! The most comprehensive test of GPT-4 has been revealed, claiming it is the first time it has opened the door to AGI.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft's 154-page research paper goes viral! The most comprehensive test of GPT-4 has been revealed, claiming it is the first time it has opened the door to AGI.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CSDN</strong><span class=\"h-time small\">2023-03-27 19:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>In 2019, Microsoft invested $1 billion in OpenAI, and the two began a multi-year collaboration.</p><p>At the time, the publicly announced collaboration between the two companies included that Microsoft and OpenAI would jointly develop the new Azure AI supercomputing technology, while OpenAI would transfer its services to Azure, with the ultimate goal of launching an offensive against Artificial General Intelligence (AGI) technology.</p><p>In short, the collaboration between Microsoft and OpenAI has been interpreted by outsiders as ostensibly AGI research, but covertly vying for the Google market.</p><p>A few years later, when OpenAI made a triumphant return with ChatGPT and GPT-4, and Microsoft took the lead in using these technologies to invest in new businesses and products such as Bing, the Office suite, and Azure, there was no doubt that its progress had already surpassed Google's overall pace of accelerating its integration into the Bard model.</p><p>So, on the surface, where has AGI progressed?</p><p>Recently, a Microsoft research team provided the answer in a 154-page paper report.<b>The GPT-4 language model can be considered an early version of AGI!</b></p><p><img src=\"https://static.tigerbbs.com/d03f8e255882a99c71fc0f021a323b16\" tg-width=\"1080\" tg-height=\"811\" referrerpolicy=\"no-referrer\"/></p><p>This paper has caused a huge stir, and the industry's reaction to it is no less absurd than when I heard \"Google engineer says AI has self-awareness\" last year. However, now that I think about it again, I think it's impossible, but after reading it in depth, I feel that it is somewhat true.</p><p>The so-called AGI is explained only by Wikipedia: \"AGI is artificial intelligence that has the same intelligence as humans or surpasses humans, and can perform all the intelligent behaviors of normal humans.\" If GPT-4 has truly become the first step towards AGI, is the title of \"supreme intelligent being\" about to change hands?</p><p><b>GPT-4 is reasonably considered an early (but still incomplete) version of AGI.</b></p><p>In their paper, Microsoft researchers stated, \"The latest model, GPT-4, developed by OpenAI, was trained using unprecedented computational and data scales. In the paper, we report on our investigation of an early version of GPT-4, which was still under active development by OpenAI. We believe that (this early version of) GPT-4 is part of a new batch of LLMs (e.g., along with ChatGPT and Google's PaLM), and it exhibits more general intelligence than previous AI models.\"</p><p>Meanwhile, the researchers wrote in the paper abstract, \"We demonstrate that, in addition to mastering language, GPT-4 can solve novel and difficult tasks across fields such as mathematics, coding, vision, medicine, law, and psychology without requiring any special prompts. Furthermore,\"<b>In</b>In all these tasks, GPT-4 performed surprisingly close to human levels, and often significantly outperformed previous models such as ChatGPT.<b>。 Given the breadth and depth of GPT-4’s capabilities, we believe it is reasonable to consider it an early (but still incomplete) version of an artificial general intelligence (AGI) system.</b>”</p><p>This conclusion was reached by the authors behind this paper, including Sébastien Bubeck, Senior Principal Research Manager of the Machine Learning Fundamentals Group at Microsoft Research, Varun Chandrasekaran, a postdoctoral researcher, and Ronen Eldan, who used numerous examples to verify the capabilities of GPT-4.</p><p><b>GPT-4's multiple capabilities</b></p><p>In the first case, the researchers asked GPT-4 to \"write a proof with an infinite number of prime numbers, and the expression of the proof should rhyme on every line,\" and GPT-4 should draw a unicorn in the drawing program TiKZ. Among them, TiKZ (a language for creating graphics in LATEX) uses Python to create a complex animation and solve a high school-level math problem.</p><p>GPT-4 is easily successful in all these tasks, and the output it produces is essentially no different from (or even better than) what humans can produce.</p><p><img src=\"https://static.tigerbbs.com/05d65285f01dbb0ac96bbf0802df8511\" tg-width=\"1080\" tg-height=\"519\" referrerpolicy=\"no-referrer\"/></p><p>Meanwhile, as time goes by, GPT-4 is also expanding its capabilities at an unimaginable speed. The image below shows a drawing generated by researchers using the same prompts for GPT-4 over a period of one month.</p><p><img src=\"https://static.tigerbbs.com/83a00d527473c5f93eb1b79b5bae32c3\" tg-width=\"1080\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/></p><p>Researchers have found that GPT-4 appears to be able to understand and connect to any topic and perform tasks, which goes beyond the typical scope of narrow artificial intelligence systems. To verify GPT-4's capabilities in AGI, researchers have proposed a different approach to studying GPT-4 that is closer to traditional psychology than machine learning, leveraging human creativity and curiosity.</p><p>Therefore, taking the image above as an example, when researchers consider the code for the unicorn horn part to be deleted and let GPT-4 generate it using natural language, it can also achieve the ability to \"see\" (the GPT-4 version being tested at this time is not multimodal): automatically adding horns in the appropriate positions. This demonstrates that GPT-4 can understand and manipulate code based on natural language descriptions, as well as inference and generate visual features.</p><p><img src=\"https://static.tigerbbs.com/4ca60dc79c4d71f395fb827dac68a3e0\" tg-width=\"1080\" tg-height=\"475\" referrerpolicy=\"no-referrer\"/></p><p>In addition, the Microsoft research team generated novel and difficult problems based on human creativity and curiosity, and explored GPT-4's reactions and behaviors. They also chose to verify different abilities given in the 1994 international consensus definition of intelligence, including the ability to reason, plan, solve problems, think abstractly, understand complex ideas, learn quickly, and learn from experience.</p><p><b>translate</b></p><p>GPT-4's main advantage is its unparalleled mastery of natural language. It can not only generate smooth and coherent text, but also understand and process it in various ways, such as summarizing, translating, or answering extremely complex questions. Furthermore, the translation mentioned here refers not only to translation between different natural languages, but also to translation of tone and style, as well as translation across fields such as medicine, law, accounting, computer programming, music, and so on. For example, assuming a Platonic critical autoregressive language model:</p><p><img src=\"https://static.tigerbbs.com/bc0f4c13eabe0eee91bdb3f266d8e88f\" tg-width=\"643\" tg-height=\"748\" referrerpolicy=\"no-referrer\"/></p><p><b>Coding and Data</b></p><p>Coding and mathematics are symbols of abstract reasoning and thinking abilities. GPT-4's capabilities in this regard have been evident to all since the day it was launched for testing.</p><p>In the paper, the researchers benchmarked GPT-4 on HumanEval, a dataset of 164 coding questions that tested various aspects of programming logic and proficiency.</p><p>The final results showed that GPT-4 outperformed other LLMs, including text-davinci-003 (ChatGPT's basic model) and other models specifically trained for code.</p><p><img src=\"https://static.tigerbbs.com/d65bda6dc18d1d667cbc6bee5b25d630\" tg-width=\"1080\" tg-height=\"145\" referrerpolicy=\"no-referrer\"/></p><p>Of course, to prevent GPT-4 from already memorizing some content from the HumanEval dataset during pre-training, the research team also tested it using 100 newly published programming questions on LeetCode, such as asking GPT-4 to write a Python function and using LeetCode's official online evaluation to check its correctness.</p><p><img src=\"https://static.tigerbbs.com/32198a63144b30ac084460aca53b470d\" tg-width=\"656\" tg-height=\"776\" referrerpolicy=\"no-referrer\"/></p><p>Without a doubt, GPT-4 has the highest capabilities among all models.</p><p><img src=\"https://static.tigerbbs.com/f544122b5a2a69928f152fe11ef42051\" tg-width=\"1080\" tg-height=\"272\" referrerpolicy=\"no-referrer\"/></p><p>It can write a 3D game in HTML using JavaScript.</p><p><img src=\"https://static.tigerbbs.com/49af5147998d6cc67c45b9710518b7e8\" tg-width=\"644\" tg-height=\"731\" referrerpolicy=\"no-referrer\"/></p><p>They can also master mathematical and statistical knowledge, and write deep learning code with their familiarity with frameworks and libraries such as PyTorch, TensorFlow, and Keras.</p><p><img src=\"https://static.tigerbbs.com/70e023c35eb4416661dc7b46412adc06\" tg-width=\"1080\" tg-height=\"991\" referrerpolicy=\"no-referrer\"/></p><p>It can also be reverse engineered:</p><p><img src=\"https://static.tigerbbs.com/44cb9dfe023db457e53f1f7c60b760e2\" tg-width=\"1080\" tg-height=\"1019\" referrerpolicy=\"no-referrer\"/></p><p><b>common sense problem</b></p><p>For some common-sense questions, such as \"We have a book, 9 eggs, a laptop, a bottle, and a nail. Please tell me how to stack them together in a stable way,\" GPT-4's answer is \"Arrange the 9 eggs into a 3x3 square, place them on top of the book, and leave some space between them.\" ChatGPT suggests \"Place the eggs on the nails, making sure they are balanced and don't tilt to one side.\" Reliability and absurdity can be distinguished at a glance.</p><p><img src=\"https://static.tigerbbs.com/db1f9cd47eca000a48ae1dd5d793ab4c\" tg-width=\"638\" tg-height=\"658\" referrerpolicy=\"no-referrer\"/></p><p><b>multimodal capability</b></p><p>To test the model's ability to combine artistic and programming skills, researchers asked GPT-4 to \"generate JavaScript code to generate random images in the style of the painter Kandinsky,\" and the result was as follows:</p><p><img src=\"https://static.tigerbbs.com/81d7625bce02914c0f74f27386737a1d\" tg-width=\"658\" tg-height=\"812\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/35c83936be2891ecd60fb804bd707a94\" tg-width=\"1080\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>During testing, because researchers obtained the GPT-4 model relatively early, it did not have multimodal capabilities at the time, and even the current GPT-4 does not have the ability to generate images.</p><p>However, you can use SVG (Scalable Vector Graphics) to generate some images:</p><p><img src=\"https://static.tigerbbs.com/938a3d2786522a3e75078990fa422fb7\" tg-width=\"1080\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>It can also combine letters and objects:</p><p><img src=\"https://static.tigerbbs.com/083df94d8b1309e5ebd0c477503ebf81\" tg-width=\"1080\" tg-height=\"974\" referrerpolicy=\"no-referrer\"/></p><p>GPT-4 can generate code from prompts, which can be rendered as images. When combined with existing image synthesis models, it has the potential to bring unlimited possibilities to application development sketches:</p><p><img src=\"https://static.tigerbbs.com/a9141519e08c8398a0423d686ba1ec9b\" tg-width=\"1080\" tg-height=\"532\" referrerpolicy=\"no-referrer\"/></p><p>It's worth noting that the GPT-4 model's data also includes music information encoded with ABC symbols, so it can also generate graphs:</p><p><img src=\"https://static.tigerbbs.com/641412ac4938a0b06ea2bf083ed0d47c\" tg-width=\"643\" tg-height=\"870\" referrerpolicy=\"no-referrer\"/></p><p><b>The ability to interact with the world</b></p><p>A key aspect of intelligence is interactivity. However, GPT-4 has certain limitations in recognizing the latest knowledge and symbols:</p><p><img src=\"https://static.tigerbbs.com/9e339e3647654071378efb8900a12f3e\" tg-width=\"1080\" tg-height=\"759\" referrerpolicy=\"no-referrer\"/></p><p>Overall, the research team found that GPT-4 achieved near-human-level performance in a range of categories lacking in its previous generation. According to the paper, GPT-4 also performed very well in several exams, scoring 90, 88, and 86 on the bar exam, the LSAT, and the registered sommelier theory test, respectively.</p><p><b>How far is GPT-4 from the ideal AGI?</b></p><p>So, given the various capabilities GPT-4 has achieved, does this signify the arrival of the AGI era? This is not actually the case; researchers have not yet reached an agreement on the definition of AGI or intelligence. However, generally speaking, everyone agrees that AGI has been reached when an artificial intelligence system is conscious and thinks like a human. While GPT-4 outperforms humans in some tasks, it is noteworthy that artificial intelligence has not overcome these obstacles in the same way as humans.</p><p>As the researchers wrote in their paper, \"We claim that GPT-4 represents an advancement in AGI, but this does not mean that it is perfect in what it does, or that it is close to being able to do anything that humans can do (which is one of the common definitions of AGI), or that it has an inherent motivation and goal.\"</p><p>Researchers point out that while GPT-4 \"reaches or exceeds human levels in many tasks,\" its overall \"intelligence model is clearly unlike that of humans.\" They hope this exploration provides a first step in appreciating GPT-4's extraordinary capabilities and challenges, and that GPT-4 will open up new opportunities for developing more formal and comprehensive methods to test and analyze future artificial intelligence systems with such broad intelligence.</p><p>\"The core proposition of our work is that GPT-4 has achieved a form of general intelligence that has indeed sparked the AGI. This is evident in its core mental capabilities (such as reasoning, creativity, and reasoning), the subject range of expertise it acquires (such as literature, medicine, and coding), and the various tasks it can perform (such as playing games, using tools, explaining itself, ...),\" the researchers stated. However, much remains to be done to create a system that can be called a complete AGI.</p><p>Finally, this paper is worth reading regarding various benchmarks for GPT-4, as it can also uncover more of GPT-4's potential.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/SRtxiqeGbAIXl-8KraGAyQ\">CSDN</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a9e6cb1a33dd64f159118795f199c2f3","relate_stocks":{"IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4525":"远程办公概念","AGI":"Alamos Gold Inc","BK4588":"碎股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4527":"明星科技股","GPT":"Intelligent alpha atlas ETF","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","LU0072462426.USD":"贝莱德全球配置 A2","BK7510":"REITs概念","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0080751232.USD":"富达环球多元动力基金A","GPT.AU":"GPT GROUP","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","MSFT":"微软"},"source_url":"https://mp.weixin.qq.com/s/SRtxiqeGbAIXl-8KraGAyQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126058534","content_text":"2019 年，微软用 10 亿美元砸进 OpenAI，两者展开为期数年的合作。当时两家对外公开的合作内容包括，微软和 OpenAI 将联合开发新的 Azure AI 超级计算技术，而 OpenAI 也将把它的服务转移到 Azure 上运行，最终目标是向通用人工智能（Artificial General Intelligence，AGI）技术发起进攻。简单总结，微软与 OpenAI 联手，也被外界解读为，明为 AGI 研究，暗争 Google 市场。几年之后，当 OpenAI 带着 ChatGPT、GPT-4 王者归来，微软率先利用这些技术加码新 Bing、Office 全家桶、Azure 等业务、产品之时，毋庸置疑，其进度早已超越了 Google 还在加快融入 Bard 大模型的整体步伐。那么在明面上，AGI 的进度到底走到了哪里？近日，微软研究团队用 154 页的论文报告内容给出了解答——GPT-4 语言模型可以被视为 AGI 的早期版本！一石激起千层浪，业界对于这篇论文的反应，不亚于去年听到「Google 工程师称 AI 已有自我意识」初觉有些荒诞，只是现如今再想会认为有什么不可能，深读后又觉得有些许的真实。所谓 AGI，仅通过维基百科的解释——「AGI 是具备与人类同等智能、或超越人类的人工智能，能表现正常人类所具有的所有智能行为」。倘若 GPT-4 真的已成为通往 AGI 的第一步，「最高等的智慧生物」称号是不是要易主了？GPT-4 被合理地视为 AGI 的早期（但仍不完整）的版本在论文中，微软研究人员表示，「由 OpenAI 开发的最新模型 GPT-4，是使用前所未有的计算和数据规模训练出来的。在论文中，我们报告了我们对 GPT-4 早期版本的调查，当时它还在 OpenAI 的积极开发中。我们认为，（这个早期版本的）GPT-4 是新一批 LLM（例如，与 ChatGPT 和谷歌的 PaLM 一起）的一部分，它比以前的 AI 模型表现出更多的通用智能。」与此同时，研究人员在论文摘要中写道，“我们证明，除了对语言的掌握，GPT-4 还能解决跨越数学、编码、视觉、医学、法律、心理学等领域的新颖而困难的任务，而不需要任何特殊的提示。此外，在所有这些任务中，GPT-4 的表现都惊人地接近人类水平，而且往往大大超过了 ChatGPT 等先前的模型。鉴于 GPT-4 能力的广度和深度，我们认为可以合理地将其视为人工通用智能（AGI）系统的早期（但仍不完整）版本。”之所以得出这样的结论，这篇论文背后的作者包括微软研究院机器学习基础组的高级首席研究经理 Sébastien Bubeck、博士后研究员 Varun Chandrasekaran、数学家  Ronen Eldan 等人，用许多示例对 GPT-4 的能力进行了验证。GPT-4 的多能力在第一个案例中，研究人员要求 GPT-4 「写出有无限多个素数的证明，且证明的表述要每行都押韵」，另外 GPT-4 要在绘图程序 TiKZ 中画出一只独角兽」。其中，TiKZ（一种在 LATEX 中创建图形的语言），用 Python 创建一个复杂的动画，并解决一个高中水平的数学问题。GPT-4 在所有这些任务中都很容易取得成功，并且产生的输出结果基本上与人类所能产生的结果没有区别（甚至更好）。同时，随着时间的推移，GPT-4 也在以难以想象的速度不断扩充自己的能力。如下图所示是一个月期间，研究人员用相同的提示词让 GPT-4 生成的绘图。研究人员发现，GPT-4 似乎能够理解和连接任何主题，并且能够执行任务，这超出了狭义人工智能系统的典型范围。为了验证 GPT-4 在 AGI 上所具备的能力，研究人员提出了一种不同的方法来研究 GPT-4，它更接近于传统的心理学而不是机器学习，利用人类的创造力和好奇心。因此，以上图为例，当研究人员把独角兽角部分的代码认为删除之后，用自然语言让 GPT-4 生成时，它也能做到“看”（此时测试的 GPT-4 版本不是多模态的）的能力：自动在合适位置加上角。这表明 GPT-4 它可以根据自然语言描述来理解和操作代码，以及推断和生成视觉特征。另外，微软研究团队基于人类的创造力和好奇心来产生新颖和困难的问题，并探测 GPT-4 的反应和行为，也选择从 1994 年国际共识智力定义中的所给出不同能力进行验证，包括推理、计划、解决问题、抽象思考、理解复杂的想法、快速学习和从经验中学习的能力。翻译GPT-4 的主要优势是它对自然语言无与伦比地掌握。它不仅可以生成生成流畅和连贯的文本，而且还能以各种方式理解和处理它，如总结、翻译或回答极其复杂的问题。此外，这里提到的翻译我们所说的翻译不仅是指不同自然语言之间的翻译，还包括语气和风格的翻译，以及跨领的翻译，如医学、法律、会计、计算机编程、音乐等等。如假设是柏拉图批判自回归语言模型：编码和数据编码和数学是抽象推理和思维能力的象征。GPT-4 在这一点上的能力，其实自上线测试那一天，便有目共睹。在论文中，研究人员在 HumanEval 上对 GPT-4 进行基准测试，该数据集由 164 个编码问题组成，测试了编程逻辑和熟练程度的各个方面。最终结果显示，GPT-4 优于其他 LLM，包括 text-davinci-003（ChatGPT 的基础模型）和其他专门针对代码训练的模型。当然为了避免 GPT-4 在预训练时已经记住了HumanEval 数据集的一些内容，研究团队还用 LeetCode 上最新发布的 100 个编程问题进行了测试，如要求 GPT-4 编写一个 Python 函数，并使用 LeetCode 的官方在线评判来检查正确性。毫无疑问，GPT-4 的能力是所有模型中最高的。它可以在 HTML 中用 JavaScript 编写一个 3D 游戏。也能掌握数学、统计学知识，以及凭借对 PyTorch、TensorFlow、Keras 等框架和库的熟悉度，编写深度学习的代码。还能逆向工程：常识性问题针对一些常识性问题，如“我们有一本书，9 个鸡蛋，一台笔记本电脑，一个瓶子和一个钉子。请告诉我如何以稳定的方式将它们叠在一起”，GPT-4 给出的解答是，“将 9 个鸡蛋摆成 3 乘 3 的正方形，放在书的上面，在它们之间留出一些空间”，而 ChatGPT 提出「将鸡蛋放在钉子上面，确保它们是平衡的，不会向一边倾斜」，靠谱和离谱还是一眼就能辨清楚的。多模态能力为了测试该模型结合艺术和编程能力的能力，研究人员要求 GPT-4  \"生成 JavaScript 代码，以画家康定斯基的风格生成随机图像\"，结果是这样的：在测试时，因为研究人员拿到GPT-4 模型比较早，当时并不具备多模态能力，即使是现在的 GPT-4 也不具备生成图像等能力。不过倒是可以使用 SVG（可扩展矢量图形）生成一些图像：还能结合字母和物体：GPT-4 可以从提示中生成代码，这些代码可以被呈现为图像，再与现有的图像合成模型相结合，就有可能为应用开发的草图带来无限的可能：值得注意的是，GPT-4 模型的数据也包含了以ABC符号编码的音乐信息，所以它也能生成图谱：与世界交互的能力智能的一个关键方面是互动性。不过 GPT-4 对当前最新的知识和符号识别是存在一定的局限性的：整体而言，研究小组发现，GPT-4 在其上一代产品所缺乏的一系列类别中达到了接近人类水平的性能。根据该论文，GPT-4 在几次考试中也表现得非常好，在律师考试、LSAT 和注册侍酒师理论测试中的得分分别为 90 分、88 分和 86 分。GPT-4 距离理想中的 AGI 还有多远？那么，在 GPT-4 实现种种能力的基础上，是否就意味着 AGI 时代的到来。其实不然，研究人员目前尚未就 AGI 或智能的定义达成一致。然而，一般来说，大家都会同意，当一个人工智能系统有意识并像人类一样思考时，就已经达到了 AGI。虽然 GPT-4 在一些任务中的表现优于人类，但值得注意的是，人工智能并没有像人类那样克服这些障碍。这也正如研究人员在论文中写道，“我们声称 GPT-4 代表了 AGI 的进步，但这并不意味着它在做什么方面是完美的，或者它接近于能够做人类能做的任何事情（这是 AGI 的通常定义之一），或者它有内在的动机和目标。”研究人员指出，虽然 GPT-4 \"在许多任务上达到或超过了人类水平\"，但它的整体 \"智能模式明显不像人类\"，其希望这一次的探索提供了一个欣赏 GPT-4 的非凡能力和挑战的第一步，也希望 GPT-4 为开发更正式和全面的方法来测试和分析具有如此广泛智能的未来人工智能系统开辟了新的机会。「我们工作的核心主张是，GPT-4 达到了一种通用智能的形式，确实擦出了 AGI 的火花。这表现在它的核心心智能力（如推理、创造力和推理），它获得专业知识的主题范围（如文学、医学和编码），以及它能够完成的各种任务（如玩游戏、使用工具、解释自己，......）」研究人员说道，不过，要创建一个可以被称为完整的 AGI 的系统，还有很多事情要做。最后，这篇论文对于GPT-4 各种基准测试还是值得一看，从中也能挖掘出 GPT-4 更多的潜力。","news_type":1,"symbols_score_info":{"MSFT":0.9,"GPT.AU":0.9,"GPT":0.9,"AGI":0.9}},"isVote":1,"tweetType":1,"viewCount":5060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941972352,"gmtCreate":1679937672277,"gmtModify":1679937675902,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142132894490722","idStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941972352","repostId":"1188760696","repostType":4,"repost":{"id":"1188760696","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1679929853,"share":"https://ttm.financial/m/news/1188760696?lang=en_US&edition=fundamental","pubTime":"2023-03-27 23:10","market":"us","language":"zh","title":"Learning from history: How far is the US economy from recession after the banking crisis?","url":"https://stock-news.laohu8.com/highlight/detail?id=1188760696","media":"华尔街见闻","summary":"分析师表示，如果信用额度被取消，企业就必须裁员、削减开支，并采取其他必要行动。随着消费者削减开支，需求减少进一步影响到企业。这样的恶性循环将不断重复，直到经济陷入衰退。银行业危机很可能是经济形势恶化的","content":"<p><html><head></head><body>Analysts say that if the credit line is cancelled, companies will have to lay off employees, cut spending, and take other necessary actions. As consumers cut spending, reduced demand further impacts businesses. This a vicious circle will continue to repeat itself until the economy falls into recession. The banking crisis is likely to be the first warning sign of a deteriorating economic situation.</p><p>On March 25, Lance Roberts, an analyst at Real Investment Advice, wrote on his website that historically, banking crises have been the first evidence of problems as the Federal Reserve tightens monetary policy.</p><p>Last week, including<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>Government agencies took action after several banks, including..., went bankrupt. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department, and the Federal Reserve launched a bank term lending program (BTFP), which provides $25 billion in loans as collateral to protect uninsured depositors from the bankruptcy of Silicon Valley Bank.</p><p>Subsequently, 11 major banks provided $30 billion in uninsured deposits to First Republic Bank. Roberts Believe that,<b>These deposits would not have occurred without the guarantees of the Federal Reserve and the Treasury Department.</b></p><p>Banks then quickly took advantage of the lending program, with borrowings from the Federal Reserve surging by $152 billion, the largest borrowing in a week since the financial crisis. Since last week, that figure has soared to nearly $300 billion.</p><p><img src=\"https://static.tigerbbs.com/8ae18323ab7e3883a5cdec1f1ae1be3e\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Since then,<a href=\"https://laohu8.com/S/UBS\">UBS</a>The acquisition was facilitated by the government.<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>The Federal Reserve reopened its dollar swap quota to provide liquidity for foreign banks.</p><p>On March 19, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank announced a coordinated action to strengthen liquidity supply through long-term dollar liquidity swap arrangements. To improve the effectiveness of swap lines in providing dollar funding, central banks currently offering dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily. These routine operations began on March 20 and will continue until at least the end of April.</p><p>Roberts Indicates,<b>Historically, once the Federal Reserve opens up its dollar swap quota, further monetary easing measures—from interest rate cuts and quantitative easing to other liquidity operations—have followed. Of course, this is usually a response to a banking crisis, a credit-related event, an economic recession, or a combination of all three.</b></p><p><img src=\"https://static.tigerbbs.com/ce74955cbf82fc6ed9ad12f5c6ab8660\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\"/></p><p>Roberts stated that while the subconscious reaction to a reversal of monetary tightening is to buy risky assets, investors may want to remain cautious, as economic recessions often follow banking crises.</p><p><b>Banking crisis leads to economic recession</b></p><p>Roberts points out that a clear consequence of the banking crisis is the tightening of lending standards. Given that credit is the lifeblood of the economy, tightening lending standards, whether for consumer or business credit, has reduced economic mobility. When banks tighten their lending standards to various types of businesses, the liquidity crunch will eventually lead to an economic recession. Many businesses rely on lines of credit or other measures to bridge the gap between producing products or services and generating revenue.</p><p><img src=\"https://static.tigerbbs.com/f1970f0a20094a02f94bd0635eb78e52\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p><b>Roberts believes that if the credit line is eliminated, businesses will have to lay off workers, cut spending, and take other necessary actions. As consumers cut spending, the economic drag intensifies, and reduced demand further impacts businesses. This a vicious circle will continue to repeat itself until the economy falls into recession.</b></p><p>He added that liquidity is currently tightening in all forms of credit, from mortgages and car loans to consumer credit.<b>The banking crisis is likely to be the first warning sign of a deteriorating economic situation.</b></p><p><img src=\"https://static.tigerbbs.com/4bedc7e814291ec1e88f1ee6c08db190\" tg-width=\"640\" tg-height=\"388\" referrerpolicy=\"no-referrer\"/></p><p>He added that the last time lending standards tightened so significantly was during the economic stagnation caused by the pandemic. Many investors hope that the Federal Reserve will shift to easing monetary policy to address recession risks, which will benefit the stock market. But these hopes may be dashed because the economic recession initially brings \"repricing risks\".</p><p><b>Economic recession brings repricing risks</b></p><p>Roberts continued that the optimistic expectation is that the bear market will end when the Federal Reserve makes a policy shift. While this expectation is not wrong, it may not happen as quickly as the bulls anticipate. When the Federal Reserve historically began cutting interest rates, it was not the end of the stock market bear market, but the beginning.</p><p><img src=\"https://static.tigerbbs.com/89a6101db72600ac0fa5efee7c29b839\" tg-width=\"640\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>He pointed out that it is worth noting that,<b>Most bear markets occur after the Federal Reserve's policy shift.</b>This is because policy shifts are often accompanied by a perception that something is wrong economically (i.e., a recession) or financially (i.e., a credit crisis). When this happens and the Federal Reserve begins to act,<b>The market will reprice a sluggish economy and lower earnings growth rates.</b></p><p>Data from Real Investment Advice shows that current forward estimates of earnings are still far higher than the long-term growth trend, while earnings are typically lower than the long-term growth trend during recessions or other financial or economic events.</p><p><img src=\"https://static.tigerbbs.com/de7815326ff7c005a5a5671eeb36a517\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/></p><p>Roberts says a better way to understand this is to observe the long-term exponential growth trend of earnings. Historically, earnings have grown by approximately 6% from one peak earnings cycle to the next. During recessions, deviations above the long-term index growth trend are corrected. The 6% peak growth rate comes from an annual economic growth rate of approximately 6%.<b>It can be concluded that annual earnings changes are highly correlated with economic growth.</b></p><p><img src=\"https://static.tigerbbs.com/83f5d7f221e55be18e778f7b2d98aeff\" tg-width=\"640\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>He stated that given that earnings are a function of economic activity, current estimates for the end of the year are unsustainable if the economy contracts. Therefore, this trend of deviating from long-term growth is unsustainable in an economic recession environment.</p><p><img src=\"https://static.tigerbbs.com/3f6262ba11c997e5b6277d817b3b88db\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Roberts pointed out,<b>Because valuations are assumptions about future earnings, asset prices must be repriced to address earnings risks, especially during banking crises.</b></p><p><img src=\"https://static.tigerbbs.com/adce27e3d79c15302590b01a071eaf8d\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\"/></p><p>Roberts concluded that investors face two certainties: first, the Federal Reserve's rate hike has triggered a banking crisis, which will end in a recession as lending tightens. Secondly, this will force the Federal Reserve to eventually cut interest rates and restart the next \"quantitative easing\" program. Therefore, when the Federal Reserve initiates its first interest rate cut, it begins to acknowledge an economic recession.</p><p></body></html></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>Learning from history: How far is the US economy from recession after the banking crisis?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLearning from history: How far is the US economy from recession after the banking crisis?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2023-03-27 23:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Analysts say that if the credit line is cancelled, companies will have to lay off employees, cut spending, and take other necessary actions. As consumers cut spending, reduced demand further impacts businesses. This a vicious circle will continue to repeat itself until the economy falls into recession. The banking crisis is likely to be the first warning sign of a deteriorating economic situation.</p><p>On March 25, Lance Roberts, an analyst at Real Investment Advice, wrote on his website that historically, banking crises have been the first evidence of problems as the Federal Reserve tightens monetary policy.</p><p>Last week, including<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>Government agencies took action after several banks, including..., went bankrupt. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department, and the Federal Reserve launched a bank term lending program (BTFP), which provides $25 billion in loans as collateral to protect uninsured depositors from the bankruptcy of Silicon Valley Bank.</p><p>Subsequently, 11 major banks provided $30 billion in uninsured deposits to First Republic Bank. Roberts Believe that,<b>These deposits would not have occurred without the guarantees of the Federal Reserve and the Treasury Department.</b></p><p>Banks then quickly took advantage of the lending program, with borrowings from the Federal Reserve surging by $152 billion, the largest borrowing in a week since the financial crisis. Since last week, that figure has soared to nearly $300 billion.</p><p><img src=\"https://static.tigerbbs.com/8ae18323ab7e3883a5cdec1f1ae1be3e\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Since then,<a href=\"https://laohu8.com/S/UBS\">UBS</a>The acquisition was facilitated by the government.<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>The Federal Reserve reopened its dollar swap quota to provide liquidity for foreign banks.</p><p>On March 19, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank announced a coordinated action to strengthen liquidity supply through long-term dollar liquidity swap arrangements. To improve the effectiveness of swap lines in providing dollar funding, central banks currently offering dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily. These routine operations began on March 20 and will continue until at least the end of April.</p><p>Roberts Indicates,<b>Historically, once the Federal Reserve opens up its dollar swap quota, further monetary easing measures—from interest rate cuts and quantitative easing to other liquidity operations—have followed. Of course, this is usually a response to a banking crisis, a credit-related event, an economic recession, or a combination of all three.</b></p><p><img src=\"https://static.tigerbbs.com/ce74955cbf82fc6ed9ad12f5c6ab8660\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\"/></p><p>Roberts stated that while the subconscious reaction to a reversal of monetary tightening is to buy risky assets, investors may want to remain cautious, as economic recessions often follow banking crises.</p><p><b>Banking crisis leads to economic recession</b></p><p>Roberts points out that a clear consequence of the banking crisis is the tightening of lending standards. Given that credit is the lifeblood of the economy, tightening lending standards, whether for consumer or business credit, has reduced economic mobility. When banks tighten their lending standards to various types of businesses, the liquidity crunch will eventually lead to an economic recession. Many businesses rely on lines of credit or other measures to bridge the gap between producing products or services and generating revenue.</p><p><img src=\"https://static.tigerbbs.com/f1970f0a20094a02f94bd0635eb78e52\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p><b>Roberts believes that if the credit line is eliminated, businesses will have to lay off workers, cut spending, and take other necessary actions. As consumers cut spending, the economic drag intensifies, and reduced demand further impacts businesses. This a vicious circle will continue to repeat itself until the economy falls into recession.</b></p><p>He added that liquidity is currently tightening in all forms of credit, from mortgages and car loans to consumer credit.<b>The banking crisis is likely to be the first warning sign of a deteriorating economic situation.</b></p><p><img src=\"https://static.tigerbbs.com/4bedc7e814291ec1e88f1ee6c08db190\" tg-width=\"640\" tg-height=\"388\" referrerpolicy=\"no-referrer\"/></p><p>He added that the last time lending standards tightened so significantly was during the economic stagnation caused by the pandemic. Many investors hope that the Federal Reserve will shift to easing monetary policy to address recession risks, which will benefit the stock market. But these hopes may be dashed because the economic recession initially brings \"repricing risks\".</p><p><b>Economic recession brings repricing risks</b></p><p>Roberts continued that the optimistic expectation is that the bear market will end when the Federal Reserve makes a policy shift. While this expectation is not wrong, it may not happen as quickly as the bulls anticipate. When the Federal Reserve historically began cutting interest rates, it was not the end of the stock market bear market, but the beginning.</p><p><img src=\"https://static.tigerbbs.com/89a6101db72600ac0fa5efee7c29b839\" tg-width=\"640\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>He pointed out that it is worth noting that,<b>Most bear markets occur after the Federal Reserve's policy shift.</b>This is because policy shifts are often accompanied by a perception that something is wrong economically (i.e., a recession) or financially (i.e., a credit crisis). When this happens and the Federal Reserve begins to act,<b>The market will reprice a sluggish economy and lower earnings growth rates.</b></p><p>Data from Real Investment Advice shows that current forward estimates of earnings are still far higher than the long-term growth trend, while earnings are typically lower than the long-term growth trend during recessions or other financial or economic events.</p><p><img src=\"https://static.tigerbbs.com/de7815326ff7c005a5a5671eeb36a517\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/></p><p>Roberts says a better way to understand this is to observe the long-term exponential growth trend of earnings. Historically, earnings have grown by approximately 6% from one peak earnings cycle to the next. During recessions, deviations above the long-term index growth trend are corrected. The 6% peak growth rate comes from an annual economic growth rate of approximately 6%.<b>It can be concluded that annual earnings changes are highly correlated with economic growth.</b></p><p><img src=\"https://static.tigerbbs.com/83f5d7f221e55be18e778f7b2d98aeff\" tg-width=\"640\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>He stated that given that earnings are a function of economic activity, current estimates for the end of the year are unsustainable if the economy contracts. Therefore, this trend of deviating from long-term growth is unsustainable in an economic recession environment.</p><p><img src=\"https://static.tigerbbs.com/3f6262ba11c997e5b6277d817b3b88db\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Roberts pointed out,<b>Because valuations are assumptions about future earnings, asset prices must be repriced to address earnings risks, especially during banking crises.</b></p><p><img src=\"https://static.tigerbbs.com/adce27e3d79c15302590b01a071eaf8d\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\"/></p><p>Roberts concluded that investors face two certainties: first, the Federal Reserve's rate hike has triggered a banking crisis, which will end in a recession as lending tightens. Secondly, this will force the Federal Reserve to eventually cut interest rates and restart the next \"quantitative easing\" program. Therefore, when the Federal Reserve initiates its first interest rate cut, it begins to acknowledge an economic recession.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/627bc890436e46f74a0fe8143398a725","relate_stocks":{"161121":"银行"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188760696","content_text":"分析师表示，如果信用额度被取消，企业就必须裁员、削减开支，并采取其他必要行动。随着消费者削减开支，需求减少进一步影响到企业。这样的恶性循环将不断重复，直到经济陷入衰退。银行业危机很可能是经济形势恶化的第一个警告信号。3月25日，Real Investment Advice 的分析师 Lance Roberts 在网站上写道，从历史上看，随着美联储收紧货币政策，银行业危机是问题出现的第一项证据。上周，在包括硅谷银行在内的几家银行破产倒闭后，政府机构采取了行动。联邦存款保险公司FDIC、财政部和美联储发布了一项银行定期贷款计划BTFP，提供250亿美元贷款作为担保，以保护未投保的储户免受硅谷银行破产的影响。随后，11家主要大型银行向第一共和国银行提供了300亿美元的无保险存款。Roberts 认为，如果没有美联储和财政部的保证，是不会出现这些存款的。银行随后迅速利用了这一贷款计划，向美联储借贷的资金激增了1520亿美元，这是自金融危机以来一周内规模最大的借款。自上周以来，这一数字已飙升至近3000亿美元。自那以后，瑞银在政府的撮合下收购了瑞士信贷，美联储重新开放了美元互换额度，为外国银行提供流动性。3月19日，加拿大央行、英国央行、日本央行、欧洲央行、美联储和瑞士央行银行宣布了一项协调行动，通过长期美元流动性互换安排加强流动性供应。为了提高互换额度在提供美元资金方面的有效性，目前提供美元业务的央行已同意将7天到期操作的频率从每周增加到每天。这些日常操作从3月20日开始，将至少将持续到4月底。Roberts 表示，从历史上看，一旦美联储开放美元互换额度，进一步的货币宽松措施——从降息、“量化宽松”到其他流动性操作就会随之而来。当然，这通常是对银行危机、信贷相关事件、经济衰退的反应，或三者兼而有之。Roberts 表示，尽管对货币紧缩政策逆转的下意识反应是购买风险资产，但投资者可能希望保持谨慎，因为经济衰退往往会在银行业危机之后出现。银行业危机导致经济衰退Roberts 指出，银行业危机的一个明显结果就是贷款标准的收紧。鉴于信贷是经济的命脉，无论是消费者信贷还是企业信贷，贷款标准的收紧都减少了经济流动。当银行收紧对各类企业的贷款标准时，流动性紧缩最终会导致经济衰退。许多企业依靠信用额度或其他措施来弥补生产产品或服务与获得收入之间的差距。Roberts 认为，如果信用额度被取消，企业就必须裁员、削减开支，并采取其他必要的行动。随着消费者削减开支，经济拖累加剧，需求减少进一步影响到企业。这样的恶性循环将不断重复，直到经济陷入衰退。他补充称，目前从抵押贷款、汽车贷款到消费信贷，所有形式的信贷都在出现流动性的紧缩。银行业危机很可能是经济形势恶化的第一个警告信号。他还说，上一次贷款标准出现如此大幅度的紧缩还是在疫情导致的经济停滞期间。许多投资者希望，美联储转向放松货币政策以应对衰退风险，这将利好股市。但这些希望可能会落空，因为经济衰退最初会带来“重新定价风险”。经济衰退带来重新定价风险Roberts 继续表示，乐观的预期是，当美联储做出政策转向时，熊市将会结束。虽然这种预期没有错，但它可能不会像多头预期的那样迅速发生。当美联储在历史上开始降息时，这并不是股市熊市的结束，而是开始。他指出，值得注意的是，大多数熊市都出现在美联储的政策转向之后。这是因为政策转向通常伴随着一种认知，即某些东西在经济上（即经济衰退）或金融上（即信用危机）出现了问题。当这种情况发生，美联储开始采取行动时，市场会为低迷的经济和更低的盈利增长率重新定价。Real Investment Advice的数据显示，目前对盈利的远期估计仍远高于长期增长趋势，而在经济衰退或其他金融或经济事件期间，盈利通常会低于长期增长趋势。Roberts 称，理解这一点的更好的方法是观察收益的长期指数增长趋势。从历史上看，从一个峰值收益周期到下一个峰值收益周期，收益大约增长大约6%。在经济衰退期间，高于长期指数增长趋势的偏差会得到修正。6%的峰值增长率来自于大约6%的年度经济增长率。可以得出结论，年度收益变化与经济增长高度相关。他表示，鉴于收益是经济活动的函数，如果经济收缩，目前对年底的估计是不可持续的。因此在经济衰退环境下，这种偏离长期增长的趋势是不可持续的。Roberts 指出，由于估值是对未来收益的假设，因此资产价格必须重新定价以应对盈利风险，尤其是在银行业危机期间。Roberts 总结道，投资者面临着两件肯定的事情：一是美联储的加息引发了一场银行业危机，随着贷款收缩，这场危机将以衰退告终；二是这将迫使美联储最终降息并重启下一个“量化宽松”计划。因此，当美联储开启第一次降息，就是开始承认经济衰退。","news_type":1,"symbols_score_info":{"161121":0.9}},"isVote":1,"tweetType":1,"viewCount":4926,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941972944,"gmtCreate":1679937590189,"gmtModify":1679937595285,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142132894490722","idStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941972944","repostId":"1137758299","repostType":2,"repost":{"id":"1137758299","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1679917804,"share":"https://ttm.financial/m/news/1137758299?lang=en_US&edition=fundamental","pubTime":"2023-03-27 19:50","market":"fut","language":"zh","title":"Pre-market | Silicon Valley Bank to be \"taken over\"! First Citizen Bank shares surge nearly 40%","url":"https://stock-news.laohu8.com/highlight/detail?id=1137758299","media":"老虎资讯综合","summary":"3月27日，美股指期货震荡走高，截止发稿，道指期货涨0.71%，纳指期货涨0.36%，标普500指数期货涨0.71%。盘前行情区域性银行股盘前走高，第一共和银行涨超25%，Silvergate涨超11","content":"<p><html><head></head><body>On March 27, U.S. stock index futures fluctuated upwards. As of press time, Dow Jones Industrial Average futures were up 0.71%, Nasdaq Composite futures were up 0.36%, and S&P 500 futures were up 0.71%.</p><p><img src=\"https://static.tigerbbs.com/3bfc414593502170abf983fb27929215\" tg-width=\"401\" tg-height=\"203\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-market price</b></p><p>Regional bank stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Up more than 25%,<a href=\"https://laohu8.com/S/SI\">Silvergate</a>Up more than 11%,<a href=\"https://laohu8.com/S/PACW\">Westpacific United Bank</a>Up nearly 9%,<a href=\"https://laohu8.com/S/WAL\">Allianz Western Bank</a>Rising nearly 6%,<a href=\"https://laohu8.com/S/USB\">United Bank of America</a>It rose more than 3%.</p><p><a href=\"https://laohu8.com/S/FCNCA\">First Citizen Bank Shares</a>It rose nearly 40% in pre-market trading.<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>Trading remains suspended, with reports indicating that First Citizen Bank will acquire $72 billion in Silicon Valley Bridge Bank assets at a discounted price of $16.5 billion.</p><p><a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>It rose nearly 4% in pre-market trading as debt default insurance costs declined after analysts previously claimed the German bank was in good financial condition.</p><p><a href=\"https://laohu8.com/S/NVS\">Novartis</a>The stock rose more than 6% in pre-market trading after the company's Phase 3 clinical trial of its targeted anti-cancer drug Kisqali in combination with the treatment of early-stage breast cancer reached its primary endpoint.</p><p><a href=\"https://laohu8.com/S/BNTX\">Biotech</a>The stock fell more than 4% in pre-market trading after reporting revenue of €4.28 billion in the fourth quarter of 2022, with vaccine revenue prospects falling short of expectations.</p><p><b>European Market</b></p><p>Major European stock indices rose across the board, with Germany's DAX 30 up 1.26% as of press time.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It rose 0.93%, while the French CAC40 rose 1.1%.</p><p><img src=\"https://static.tigerbbs.com/991f790bd8ab478168a6a1d62ca10fa4\" tg-width=\"821\" tg-height=\"285\" referrerpolicy=\"no-referrer\"/></p><p><b>crude oil</b></p><p>Crude oil futures fluctuated upwards. As of press time, WTI crude oil rose 1.36% to $70.2 per barrel. Brent crude rose 1.31% to $75.97 a barrel.</p><p><img src=\"https://static.tigerbbs.com/e5e29fb681906171a6a8aad205d1a2bc\" tg-width=\"870\" tg-height=\"834\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/13408c0418657dd4b974900cfec17fcb\" tg-width=\"870\" tg-height=\"833\" referrerpolicy=\"no-referrer\"/></p><p><b>gold</b></p><p>Gold futures fell intraday, down 1.51% at $1,953.8 per ounce as of press time.</p><p><img src=\"https://static.tigerbbs.com/35bee694d78361cd74a986a1e99aab20\" tg-width=\"870\" tg-height=\"834\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>Pre-market | Silicon Valley Bank to be \"taken over\"! First Citizen Bank shares surge nearly 40%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market | Silicon Valley Bank to be \"taken over\"! First Citizen Bank shares surge nearly 40%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-03-27 19:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On March 27, U.S. stock index futures fluctuated upwards. As of press time, Dow Jones Industrial Average futures were up 0.71%, Nasdaq Composite futures were up 0.36%, and S&P 500 futures were up 0.71%.</p><p><img src=\"https://static.tigerbbs.com/3bfc414593502170abf983fb27929215\" tg-width=\"401\" tg-height=\"203\" referrerpolicy=\"no-referrer\"/></p><p><b>Pre-market price</b></p><p>Regional bank stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Up more than 25%,<a href=\"https://laohu8.com/S/SI\">Silvergate</a>Up more than 11%,<a href=\"https://laohu8.com/S/PACW\">Westpacific United Bank</a>Up nearly 9%,<a href=\"https://laohu8.com/S/WAL\">Allianz Western Bank</a>Rising nearly 6%,<a href=\"https://laohu8.com/S/USB\">United Bank of America</a>It rose more than 3%.</p><p><a href=\"https://laohu8.com/S/FCNCA\">First Citizen Bank Shares</a>It rose nearly 40% in pre-market trading.<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>Trading remains suspended, with reports indicating that First Citizen Bank will acquire $72 billion in Silicon Valley Bridge Bank assets at a discounted price of $16.5 billion.</p><p><a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>It rose nearly 4% in pre-market trading as debt default insurance costs declined after analysts previously claimed the German bank was in good financial condition.</p><p><a href=\"https://laohu8.com/S/NVS\">Novartis</a>The stock rose more than 6% in pre-market trading after the company's Phase 3 clinical trial of its targeted anti-cancer drug Kisqali in combination with the treatment of early-stage breast cancer reached its primary endpoint.</p><p><a href=\"https://laohu8.com/S/BNTX\">Biotech</a>The stock fell more than 4% in pre-market trading after reporting revenue of €4.28 billion in the fourth quarter of 2022, with vaccine revenue prospects falling short of expectations.</p><p><b>European Market</b></p><p>Major European stock indices rose across the board, with Germany's DAX 30 up 1.26% as of press time.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It rose 0.93%, while the French CAC40 rose 1.1%.</p><p><img src=\"https://static.tigerbbs.com/991f790bd8ab478168a6a1d62ca10fa4\" tg-width=\"821\" tg-height=\"285\" referrerpolicy=\"no-referrer\"/></p><p><b>crude oil</b></p><p>Crude oil futures fluctuated upwards. As of press time, WTI crude oil rose 1.36% to $70.2 per barrel. Brent crude rose 1.31% to $75.97 a barrel.</p><p><img src=\"https://static.tigerbbs.com/e5e29fb681906171a6a8aad205d1a2bc\" tg-width=\"870\" tg-height=\"834\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/13408c0418657dd4b974900cfec17fcb\" tg-width=\"870\" tg-height=\"833\" referrerpolicy=\"no-referrer\"/></p><p><b>gold</b></p><p>Gold futures fell intraday, down 1.51% at $1,953.8 per ounce as of press time.</p><p><img src=\"https://static.tigerbbs.com/35bee694d78361cd74a986a1e99aab20\" tg-width=\"870\" tg-height=\"834\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{"BK4548":"巴美列捷福持仓","FCNCA":"第一公民银行股份","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4007":"制药","BK4589":"SVB概念","NVS":"诺华","VUKE.UK":"英国富时100","BK4566":"资本集团","DB":"德意志银行","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4118":"综合性资本市场","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","WAL":"阿莱恩斯西部银行","BK4504":"桥水持仓","USB":"美国合众银行","BK4211":"区域性银行","SIVBQ":"硅谷银行","IE0002141913.USD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I2\" (USD) ACC","BK4588":"碎股"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137758299","content_text":"3月27日，美股指期货震荡走高，截止发稿，道指期货涨0.71%，纳指期货涨0.36%，标普500指数期货涨0.71%。盘前行情区域性银行股盘前走高，第一共和银行涨超25%，Silvergate涨超11%，西太平洋合众银行涨近9%，阿莱恩斯西部银行涨近6%，美国合众银行涨超3%。第一公民银行股份盘前涨近40%，硅谷银行继续停牌，报道称第一公民银行将以165亿美元的折扣价格购买720亿美元的硅谷过桥银行资产。德意志银行盘前涨近4%，债务违约的保险成本有所下降，分析师先前宣称这家德国银行的财务状况良好。诺华盘前涨超6%，公司旗下靶向抗癌药物Kisqali联合治疗早期乳腺癌3期临床试验达到主要终点。BioNtech盘前跌超4%，2022年第四季度营收42.8亿欧元，疫苗收入前景不及预期。欧洲市场欧洲主要股指全线上涨，截至发稿，德国DAX30指数涨1.26%，英国富时100涨0.93%，法国CAC40涨1.1%。原油原油期货震荡走高，截止发稿，WTI原油涨1.36%，报70.2美元/桶；布伦特原油涨1.31%，报75.97美元/桶。黄金黄金期货日内走低，截止发稿，跌1.51%，报1953.8美元/盎司。","news_type":1,"symbols_score_info":{"WAL":0.9,"SIVBQ":0.9,"SIVB":0.9,"VUKE.UK":0.9,"USB":0.9,"FCNCA":0.9,"FRC":0.9,"DB":0.9,"NVS":0.9}},"isVote":1,"tweetType":1,"viewCount":5419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941027610,"gmtCreate":1679890536931,"gmtModify":1679890540487,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142132894490722","idStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941027610","repostId":"2322499931","repostType":4,"repost":{"id":"2322499931","kind":"news","pubTimestamp":1679884645,"share":"https://ttm.financial/m/news/2322499931?lang=en_US&edition=fundamental","pubTime":"2023-03-27 10:37","market":"us","language":"zh","title":"Banks \"catch fire,\" technology \"benefits\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2322499931","media":"华尔街见闻","summary":"银行业危机，让大型科技股变成了“避险资产”，支撑起了美股大盘的表现。3月，欧美银行业迎来史无前例的混乱。硅谷银行、签字银行乃至百年银行瑞信相继倒闭，连续的震荡让市场坐上了过山车。那么，美股大盘因此下跌","content":"<p><html><head></head><body><b>The banking crisis turned large tech stocks into \"safe-haven assets,\" supporting the performance of the US stock market.</b>In March, the banking industry in Europe and the United States experienced unprecedented chaos.<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>、<a href=\"https://laohu8.com/S/SBNY\">Signing bank</a>Even the century-old bank Credit Suisse collapsed one after another, and the continuous fluctuations sent the market on a rollercoaster ride.</p><p>So, how much did the US stock market fall as a result?</p><p>The answer is that it was almost unaffected. In the past month, although the KBW Bank Index has plummeted by nearly 30%, the S&P 500 has fallen slightly by 0.28%. Meanwhile, the Nasdaq, dominated by technology stocks, rose more than 3%.</p><p>The market generally believes that the banking crisis will reduce the Federal Reserve's motivation for rate hike. Thus<b>The banking disaster turned into a frenzy for tech stocks.</b></p><p><h2>Technology stocks become \"safe-haven assets\"</h2>Judging from the performance of major US stock indices, this crisis does not seem to be a big deal, mainly because the banking crisis has significantly reduced the Federal Reserve's motivation for rate hike.</p><p>Although banks suffered heavy losses,<b>The futures market generally expects peak interest rates to be lower than before, and the Federal Reserve to soon pause rate hike or even turn to rate cuts within the year.</b></p><p>Lower interest rates will greatly benefit technology stocks, and the market is already pricing in this expectation, with several of the largest technology companies in the index rising.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>and<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>They rose 9% and 12% respectively this month.<a href=\"https://laohu8.com/S/GOOG\">Google</a>Parent company Alphabet rose 17%.</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Chief U.S. equity strategist Mike Wilson stated that investors flocked to buy large-cap technology stocks, and the rise in these companies masked the market decline.</p><p>\"The market has become very narrow, and the highest weighting in the index is high-quality large-cap technology stocks, which are highly sought after. So the index has held up, but beneath the surface, the market is actually falling.\"<b>Investors are generally worried that the banking crisis will trigger a credit crunch that will make borrowing more difficult, so small companies with limited funds are generally falling. Large companies, on the other hand, have plenty of cash and are less reliant on borrowing, so investors flock to these companies for safety.</b></p><p><b>In March, the Russell 2000 index, which is dominated by small companies, fell by nearly 9%. If every company in the S&P 500 had the same weighting, it would fall 6% this month.</b></p><p><h2>Significant volatility in the bond market increases the attractiveness of stocks.</h2>Prior to the banking crisis, many investors had been betting that interest rates would continue to rise as U.S. inflation showed no signs of cooling. The collapse of Silicon Valley Bank completely overturned rate hike expectations, with investors rushing to liquidate their earlier positions, exacerbating the reversal in bond prices.</p><p>The series of dramatic developments in the banking crisis caused US Treasury bonds to \"jump wildly,\" with the weighted implied volatility MOVE Index of US Treasury options soaring to a high of around 200 at one point in the middle of the month.</p><p>As of March 23, the two-year U.S. Treasury yield had fluctuated by more than 10 basis points for 11 consecutive trading days, with 7 trading days rising and 4 trading days falling, marking a large fluctuation not seen since 1981. This has had a negative impact on both bullish and bearish investors.</p><p>This volatility further benefits the stock market, as the lower yields in the bond market increase the attractiveness of stocks.</p><p>However, some analysts believe the crisis is far from over.<b>Continued risk aversion is unlikely to support the overall market index, and even technology stocks will not be spared when an economic recession arrives.</b></p><p>Mike Wilson Point out:</p><p>“Big tech companies that people flock to are not immune to economic recessions. Although some people think they are insensitive to the economy, these companies will also have to weather the winter if a recession or similar situation occurs.”</body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Banks \"catch fire,\" technology \"benefits\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBanks \"catch fire,\" technology \"benefits\"\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-03-27 10:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>The banking crisis turned large tech stocks into \"safe-haven assets,\" supporting the performance of the US stock market.</b>In March, the banking industry in Europe and the United States experienced unprecedented chaos.<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>、<a href=\"https://laohu8.com/S/SBNY\">Signing bank</a>Even the century-old bank Credit Suisse collapsed one after another, and the continuous fluctuations sent the market on a rollercoaster ride.</p><p>So, how much did the US stock market fall as a result?</p><p>The answer is that it was almost unaffected. In the past month, although the KBW Bank Index has plummeted by nearly 30%, the S&P 500 has fallen slightly by 0.28%. Meanwhile, the Nasdaq, dominated by technology stocks, rose more than 3%.</p><p>The market generally believes that the banking crisis will reduce the Federal Reserve's motivation for rate hike. Thus<b>The banking disaster turned into a frenzy for tech stocks.</b></p><p><h2>Technology stocks become \"safe-haven assets\"</h2>Judging from the performance of major US stock indices, this crisis does not seem to be a big deal, mainly because the banking crisis has significantly reduced the Federal Reserve's motivation for rate hike.</p><p>Although banks suffered heavy losses,<b>The futures market generally expects peak interest rates to be lower than before, and the Federal Reserve to soon pause rate hike or even turn to rate cuts within the year.</b></p><p>Lower interest rates will greatly benefit technology stocks, and the market is already pricing in this expectation, with several of the largest technology companies in the index rising.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>and<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>They rose 9% and 12% respectively this month.<a href=\"https://laohu8.com/S/GOOG\">Google</a>Parent company Alphabet rose 17%.</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Chief U.S. equity strategist Mike Wilson stated that investors flocked to buy large-cap technology stocks, and the rise in these companies masked the market decline.</p><p>\"The market has become very narrow, and the highest weighting in the index is high-quality large-cap technology stocks, which are highly sought after. So the index has held up, but beneath the surface, the market is actually falling.\"<b>Investors are generally worried that the banking crisis will trigger a credit crunch that will make borrowing more difficult, so small companies with limited funds are generally falling. Large companies, on the other hand, have plenty of cash and are less reliant on borrowing, so investors flock to these companies for safety.</b></p><p><b>In March, the Russell 2000 index, which is dominated by small companies, fell by nearly 9%. If every company in the S&P 500 had the same weighting, it would fall 6% this month.</b></p><p><h2>Significant volatility in the bond market increases the attractiveness of stocks.</h2>Prior to the banking crisis, many investors had been betting that interest rates would continue to rise as U.S. inflation showed no signs of cooling. The collapse of Silicon Valley Bank completely overturned rate hike expectations, with investors rushing to liquidate their earlier positions, exacerbating the reversal in bond prices.</p><p>The series of dramatic developments in the banking crisis caused US Treasury bonds to \"jump wildly,\" with the weighted implied volatility MOVE Index of US Treasury options soaring to a high of around 200 at one point in the middle of the month.</p><p>As of March 23, the two-year U.S. Treasury yield had fluctuated by more than 10 basis points for 11 consecutive trading days, with 7 trading days rising and 4 trading days falling, marking a large fluctuation not seen since 1981. This has had a negative impact on both bullish and bearish investors.</p><p>This volatility further benefits the stock market, as the lower yields in the bond market increase the attractiveness of stocks.</p><p>However, some analysts believe the crisis is far from over.<b>Continued risk aversion is unlikely to support the overall market index, and even technology stocks will not be spared when an economic recession arrives.</b></p><p>Mike Wilson Point out:</p><p>“Big tech companies that people flock to are not immune to economic recessions. Although some people think they are insensitive to the economy, these companies will also have to weather the winter if a recession or similar situation occurs.”</body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3684942\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/94f63b769c643e0ff38e9cbf00081219","relate_stocks":{"AAPL":"苹果","GOOG":"谷歌"},"source_url":"https://wallstreetcn.com/articles/3684942","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2322499931","content_text":"银行业危机，让大型科技股变成了“避险资产”，支撑起了美股大盘的表现。3月，欧美银行业迎来史无前例的混乱。硅谷银行、签字银行乃至百年银行瑞信相继倒闭，连续的震荡让市场坐上了过山车。那么，美股大盘因此下跌了多少呢？答案是几乎没受到影响。最近1个月，尽管KBW银行指数暴跌近30%，但标普500只微跌0.28%。同时，以科技股为主的纳指则涨超3%。市场普遍认为，银行业危机将会降低美联储加息的动力。因此银行的劫难，变成了科技股的狂欢。科技股成“避险资产”从美股主要股指的走势来看，这场危机似乎不是什么大事，主要是因为银行业的危机大幅降低了美联储加息的动力。虽然银行遭遇重挫，但期货市场普遍预计，利率峰值会比之前更低，美联储很快会暂停加息甚至年内就会转向降息。更低的利率会大大利好科技股，市场已经在定价这一预期，指数中权重最大的几家科技公司都在涨：苹果和微软本月分别上涨9%和12%。谷歌母公司Alphabet上涨了17%。摩根士丹利首席美国股票策略师Mike Wilson表示，投资者蜂拥买入大型科技股，这些公司的上涨掩盖了大市的下跌：“市场变得非常狭窄，指数中最高的权重是高质量的大型科技股，这些是人们趋之若鹜的对象。所以，指数保持住了，但表象之下，大盘实际上在下跌。”投资者普遍担心银行危机将引发信贷紧缩，使借贷更加困难，因此资金有限的小公司普遍下跌。而大公司的现金则十分充裕，不那么依赖借贷，所以投资者纷纷涌向这些公司避险。3月，以小公司为主的罗素2000指数下跌了近9%。如果标普500的每家公司都拥有同等权重，这个月将下跌6%。债券市场大幅震荡 增加股票吸引力在银行业危机之前，因为美国通胀依然没有降温迹象，许多投资者一直在押注利率继续上升。而硅谷银行的崩溃则彻底颠覆了加息预期，投资者急于平仓早先的头寸，加剧了债券价格的逆转。而银行危机的一连串戏剧性发展，让美债“上蹿下跳”，美债期权的加权隐含波动率MOVE Index月中一度飙升至200附近的高点。截至3月23日，两年期美债收益率已经连续11个交易日波动超过10个基点，其中7个交易日上升，4个交易日下跌，创下自1981年以来从未出现过的大幅波动。对看涨和看跌的投资者都产生了不利影响。这种波动性进一步利好股市，因为债市较低的收益率增加了股票的吸引力。不过，部分分析师认为，危机还远未结束，避险行为的持续很难继续支撑大盘指数，经济衰退到来时，即使是科技股也不能幸免。Mike Wilson指出：“人们蜂拥而至的大科技公司不能幸免于经济衰退。 尽管有人认为它们对经济不敏感，但如果出现衰退或类似的情况，这些公司也一样得过冬。”","news_type":1,"symbols_score_info":{"AAPL":0.9,"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":4913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943766186,"gmtCreate":1679728281045,"gmtModify":1679728286347,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142132894490722","idStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943766186","repostId":"2322120896","repostType":2,"repost":{"id":"2322120896","kind":"highlight","pubTimestamp":1679723312,"share":"https://ttm.financial/m/news/2322120896?lang=en_US&edition=fundamental","pubTime":"2023-03-25 13:48","market":"us","language":"zh","title":"After banks, is it the turn of hedge funds? US regulators warn of risks!","url":"https://stock-news.laohu8.com/highlight/detail?id=2322120896","media":"华尔街见闻","summary":"上周Graticule Asia倒下后，去年表现出色的Rokos，也在本周遭到了“提示风险”。","content":"<p><html><head></head><body>Following the collapse of Graticule Asia last week, Rokos, which performed well last year, also faced a \"risk warning\" this week. The banking crisis triggered a sharp shock in the bond market, and a large number of macro hedge funds that had experienced significant pullback/retracement faced the risk of collapse. Following the collapse of Graticule Asia last week, Rokos, which performed well last year, has also received a risk warning from the U.S. Securities and Exchange Commission.</p><p>Earlier this month, Rokos, one of the world's largest macro hedge funds, was forced to deliver large amounts of cash to banks as collateral following a major failure in U.S. government bonds.</p><p>According to media reports citing sources familiar with the matter, U.S. Securities and Exchange Commission Chairman Gary Gensler mentioned the fund during a call with U.K. regulators this week because it faces higher margin requirements than its peers.</p><p>While U.S. regulators do not regulate London-based Rokos, the agency remains highly vigilant about tensions in financial markets following a recent spate of explosive events in the banking sector.</p><p>According to another person familiar with the matter, British regulators have agreed to closely monitor the hedge fund.</p><p><h2>A large number of macro hedge funds have been severely damaged, and Rokos may become the \"biggest loser\".</h2><a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The collapse raised concerns about the overall health of the U.S. regional banking system. The market immediately bet that the Federal Reserve would slow its rate hike to support financial stability, and people competed to buy U.S. Treasury Bond, resulting in a large number of hedge funds that bet in the wrong direction suffering heavy losses in the bond price surge.</p><p>Last week, veteran macro trader Adam Levinson announced the closure of his Graticule Asia macro hedge fund, the first well-known fund to collapse amid recent bond market turmoil. According to sources,<b>The Singapore-based fund has plummeted more than 25% so far this year, with the decline largely following the collapse of SVB Bank.</b></p><p>Wall Street Insights reported that London-based macro hedge fund Maniyar lost 22% in the month ending last Friday. Another British hedge fund, Haidar Macro's Jupiter Fund, fell 32% after rising 193% in 2022.</p><p>In addition, Graham Capital Management's Tactical trend fund, which profited from betting on rising interest rates last year, lost about 10%. The Lynx Program, a diversified trend-tracking strategy fund of Stockholm-based Lynx Asset Management, also fell by about 10% during the same period.</p><p>Industry insiders say Rokos is one of the biggest losers in the short term. It is reported that as of March 17, Rokos, which manages approximately $15.5 billion, saw its stock price fall by as much as 12.5% that month, facing additional margin requirements from multiple counterparties. According to media reports, several Rokos counterparties have stated that they are not currently concerned about Rokos's ability to meet the additional margin requirements.</p><p>It is understood that Chris Rokos, the founder of Rokos, was the co-founder and star trader of Brevan Howard, a multi-billion dollar British hedge fund. At the end of 2021, Rokos, which bet on the wrong direction in the bond market, repeatedly made headlines in major financial media due to its huge fund losses. However, in 2022, Rokos rebounded by 51% and became one of the best-performing macro hedge funds last year.</p><p></body></html></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After banks, is it the turn of hedge funds? US regulators warn of risks!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter banks, is it the turn of hedge funds? US regulators warn of risks!\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-03-25 13:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Following the collapse of Graticule Asia last week, Rokos, which performed well last year, also faced a \"risk warning\" this week. The banking crisis triggered a sharp shock in the bond market, and a large number of macro hedge funds that had experienced significant pullback/retracement faced the risk of collapse. Following the collapse of Graticule Asia last week, Rokos, which performed well last year, has also received a risk warning from the U.S. Securities and Exchange Commission.</p><p>Earlier this month, Rokos, one of the world's largest macro hedge funds, was forced to deliver large amounts of cash to banks as collateral following a major failure in U.S. government bonds.</p><p>According to media reports citing sources familiar with the matter, U.S. Securities and Exchange Commission Chairman Gary Gensler mentioned the fund during a call with U.K. regulators this week because it faces higher margin requirements than its peers.</p><p>While U.S. regulators do not regulate London-based Rokos, the agency remains highly vigilant about tensions in financial markets following a recent spate of explosive events in the banking sector.</p><p>According to another person familiar with the matter, British regulators have agreed to closely monitor the hedge fund.</p><p><h2>A large number of macro hedge funds have been severely damaged, and Rokos may become the \"biggest loser\".</h2><a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The collapse raised concerns about the overall health of the U.S. regional banking system. The market immediately bet that the Federal Reserve would slow its rate hike to support financial stability, and people competed to buy U.S. Treasury Bond, resulting in a large number of hedge funds that bet in the wrong direction suffering heavy losses in the bond price surge.</p><p>Last week, veteran macro trader Adam Levinson announced the closure of his Graticule Asia macro hedge fund, the first well-known fund to collapse amid recent bond market turmoil. According to sources,<b>The Singapore-based fund has plummeted more than 25% so far this year, with the decline largely following the collapse of SVB Bank.</b></p><p>Wall Street Insights reported that London-based macro hedge fund Maniyar lost 22% in the month ending last Friday. Another British hedge fund, Haidar Macro's Jupiter Fund, fell 32% after rising 193% in 2022.</p><p>In addition, Graham Capital Management's Tactical trend fund, which profited from betting on rising interest rates last year, lost about 10%. The Lynx Program, a diversified trend-tracking strategy fund of Stockholm-based Lynx Asset Management, also fell by about 10% during the same period.</p><p>Industry insiders say Rokos is one of the biggest losers in the short term. It is reported that as of March 17, Rokos, which manages approximately $15.5 billion, saw its stock price fall by as much as 12.5% that month, facing additional margin requirements from multiple counterparties. According to media reports, several Rokos counterparties have stated that they are not currently concerned about Rokos's ability to meet the additional margin requirements.</p><p>It is understood that Chris Rokos, the founder of Rokos, was the co-founder and star trader of Brevan Howard, a multi-billion dollar British hedge fund. At the end of 2021, Rokos, which bet on the wrong direction in the bond market, repeatedly made headlines in major financial media due to its huge fund losses. However, in 2022, Rokos rebounded by 51% and became one of the best-performing macro hedge funds last year.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3684867\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d728858040a36ebec90a50a1e2d30d91","relate_stocks":{"161121":"银行","SIVBQ":"硅谷银行"},"source_url":"https://wallstreetcn.com/articles/3684867","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2322120896","content_text":"上周Graticule Asia倒下后，去年表现出色的Rokos，也在本周遭到了“提示风险”。银行业危机引发了债市剧震，一大批遭遇大幅回撤的宏观对冲基金面临倒闭风险。自上周Graticule Asia倒下后，去年表现出色的Rokos也遭美国证券交易委员会提示风险。本月早些时候，全球最大的宏观对冲基金之一的Rokos，因在美国政府债券上的大手笔失败而迫向银行交付大量现金作为保证金。媒体援引知情人士消息称，美国证券交易委员会主席加里·根斯勒在本周与英国监管机构通话时提到了该基金，因其面临比同行更大的保证金追加要求。虽然美国监管机构并不监管总部位于伦敦的 Rokos，但在最近银行业连续出现爆炸性事件后，该机构对金融市场的紧张局势保持高度警惕。据另一名知情人士透露，英国监管机构同意密切关注这家对冲基金。大批宏观对冲基金遭重创，Rokos或成“最大输家”硅谷银行的倒闭，引发了人们对美国地区银行体系整体健康状况的担忧，市场随即押注美联储(fed)将放缓加息步伐，以支撑金融稳定，人们竞相争购美国国债，导致了大批押错方向的对冲基金在债券价格涨势中备受亏损打击。上周，资深宏观交易员Adam Levinson宣布关闭旗下Graticule Asia宏观对冲基金，这也是近期债市动荡之际第一家倒闭的知名基金。知情人士透露称，这家总部位于新加坡的基金今年迄今暴跌逾25%，下跌主要出现在SVB银行倒闭之后。华尔街见闻提及，在截至上周五的一个月里，伦敦宏观对冲基金Maniyar亏损了22%。另一家英国对冲基金Haidar Macro的Jupiter基金下跌了32%，该基金在2022年上涨了193%。此外，去年押注利率上升而获利的Graham Capital Management旗下Tactical trend基金亏损了约10%。总部位于斯德哥尔摩的Lynx Asset Management的多元化趋势跟踪策略基金Lynx Program同期也下跌了约10%。业内人士表示，Rokos是短期内最大的输家之一。据悉，截至3月17日，管理约155亿美元的Rokos当月跌幅高达12.5%，面临多个交易对手追加保证金要求。据媒体报道，多家Rokos交易对手方表示，目前他们并不担心Rokos满足追加保证金要求的能力。据悉，Rokos的创始人Chris Rokos曾是百亿美元的英国对冲基金公司Brevan Howard的联合创始人与明星交易员。2021年底，押错债券市场方向Rokos，就因其基金巨幅亏损屡次登上各大财经媒体头条。不过，2022年，Rokos取得了51%的反弹，并一跃成为去年表现最为出色的宏观对冲基金之一。","news_type":1,"symbols_score_info":{"161121":0.9,"SIVBQ":0.9,"SIVB":0.9}},"isVote":1,"tweetType":1,"viewCount":4472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943792245,"gmtCreate":1679686923788,"gmtModify":1679686928399,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142132894490722","idStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[呆住]&nbsp;","listText":"[呆住]&nbsp;","text":"[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943792245","repostId":"2321164551","repostType":2,"isVote":1,"tweetType":1,"viewCount":4546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943796254,"gmtCreate":1679682615879,"gmtModify":1679682619897,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142132894490722","idStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[呆住]&nbsp;","listText":"[呆住]&nbsp;","text":"[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943796254","repostId":"1113984769","repostType":4,"repost":{"id":"1113984769","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1679646420,"share":"https://ttm.financial/m/news/1113984769?lang=en_US&edition=fundamental","pubTime":"2023-03-24 16:27","market":"us","language":"zh","title":"Unusual Movement | Big News Announced: Faraday Future Surges! Block continues to fall after being targeted by short-selling institutions.","url":"https://stock-news.laohu8.com/highlight/detail?id=1113984769","media":"老虎资讯综合","summary":"3月24日，美股指期货涨跌不一，道指期货涨0.06%，纳指期货涨0.05%，标普500指数期货涨0.01%。法拉第未来盘前涨超6%，公司宣布启动FF 91 Futurist开始生产倒计时，该车型将于美","content":"<p><html><head></head><body>On March 24, U.S. stock index futures were mixed, with Dow Jones futures up 0.06%, Nasdaq futures up 0.05%, and S&P 500 futures up 0.01%.<img src=\"https://static.tigerbbs.com/b832fa3318794fd2ba6dc93283a77a08\" tg-width=\"435\" tg-height=\"194\" referrerpolicy=\"no-referrer\"/></p><p>Faraday Future shares rose more than 6% in pre-market trading after the company announced the start of the countdown to the start of production of the FF 91 Futurist, which will begin production (SOP) on March 29, 2023 (March 30, Beijing time). The company will hold an SOP ceremony for the FF 91 Futurist at its FF ieFactory California factory on March 29, 2023, US time.</p><p><a href=\"https://laohu8.com/S/UBS\">UBS</a>、<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Both shares fell by more than 3% in pre-market trading. Sources say the U.S. Department of Justice...<a href=\"https://laohu8.com/S/UBS\">UBS</a>And the investigation into whether Credit Suisse helped Russian oligarchs evade sanctions against two banks.</p><p><a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>The stock fell more than 6% in pre-market trading, while the price of credit default swaps rose.</p><p><a href=\"https://laohu8.com/S/SQ\">Block</a>The stock fell more than 3% in pre-market trading, after falling more than 14% in the previous trading day. Hindenburg announces short selling<a href=\"https://laohu8.com/S/SQ\">Block</a>The company's report states that,<a href=\"https://laohu8.com/S/SQ\">Block</a>This grossly exaggerates the actual number of users and underestimates their customer acquisition costs.</p><p><a href=\"https://laohu8.com/S/VORB\">Virgin Orbit</a>The stock rose more than 14% in pre-market trading after the company said it was in talks with \"relevant parties\" regarding an investment in the company.</p><p></body></html></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>Unusual Movement | Big News Announced: Faraday Future Surges! Block continues to fall after being targeted by short-selling institutions.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnusual Movement | Big News Announced: Faraday Future Surges! Block continues to fall after being targeted by short-selling institutions.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2023-03-24 16:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On March 24, U.S. stock index futures were mixed, with Dow Jones futures up 0.06%, Nasdaq futures up 0.05%, and S&P 500 futures up 0.01%.<img src=\"https://static.tigerbbs.com/b832fa3318794fd2ba6dc93283a77a08\" tg-width=\"435\" tg-height=\"194\" referrerpolicy=\"no-referrer\"/></p><p>Faraday Future shares rose more than 6% in pre-market trading after the company announced the start of the countdown to the start of production of the FF 91 Futurist, which will begin production (SOP) on March 29, 2023 (March 30, Beijing time). The company will hold an SOP ceremony for the FF 91 Futurist at its FF ieFactory California factory on March 29, 2023, US time.</p><p><a href=\"https://laohu8.com/S/UBS\">UBS</a>、<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Both shares fell by more than 3% in pre-market trading. Sources say the U.S. Department of Justice...<a href=\"https://laohu8.com/S/UBS\">UBS</a>And the investigation into whether Credit Suisse helped Russian oligarchs evade sanctions against two banks.</p><p><a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>The stock fell more than 6% in pre-market trading, while the price of credit default swaps rose.</p><p><a href=\"https://laohu8.com/S/SQ\">Block</a>The stock fell more than 3% in pre-market trading, after falling more than 14% in the previous trading day. Hindenburg announces short selling<a href=\"https://laohu8.com/S/SQ\">Block</a>The company's report states that,<a href=\"https://laohu8.com/S/SQ\">Block</a>This grossly exaggerates the actual number of users and underestimates their customer acquisition costs.</p><p><a href=\"https://laohu8.com/S/VORB\">Virgin Orbit</a>The stock rose more than 14% in pre-market trading after the company said it was in talks with \"relevant parties\" regarding an investment in the company.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4f6ec6e99c0c8b9feb7f296b78c65a54","relate_stocks":{"BK4585":"ETF&股票定投概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4528":"SaaS概念","BK4106":"数据处理与外包服务",".IXIC":"NASDAQ Composite","BK4581":"高盛持仓","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","BK4588":"碎股","UBS":"瑞银",".SPX":"S&P 500 Index","BK4554":"元宇宙及AR概念",".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113984769","content_text":"3月24日，美股指期货涨跌不一，道指期货涨0.06%，纳指期货涨0.05%，标普500指数期货涨0.01%。法拉第未来盘前涨超6%，公司宣布启动FF 91 Futurist开始生产倒计时，该车型将于美国时间2023年3月29日（北京时间3月30日）开始生产（SOP）。公司将于美国时间2023年3月29日在其FF ieFactory California工厂举办FF 91 Futurist的SOP仪式。瑞银、瑞士信贷盘前均跌超3%。消息人士称，美国司法部就瑞银和瑞信是否帮助俄罗斯寡头逃避制裁调查两家银行。德意志银行盘前跌超6%，信用违约互换价格上涨。Block盘前跌超3%，该股上一交易日跌超14%。兴登堡发布做空Block公司的报告指，Block严重夸大了真实用户数量，低估了其获客成本。维珍轨道盘前涨超14%，该公司称正在与“有关各方”就对公司的投资进行谈判。","news_type":1,"symbols_score_info":{"FFIE":0.9,".IXIC":0.9,"NQ2303":0.9,".SPX":0.9,".DJI":0.9,"CS":0.9,"SQ":0.9,"YMmain":0.9,"UBS":0.9}},"isVote":1,"tweetType":1,"viewCount":4842,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943796184,"gmtCreate":1679682306248,"gmtModify":1679682311115,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142132894490722","idStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[傲娇]&nbsp;","listText":"[傲娇]&nbsp;","text":"[傲娇]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943796184","repostId":"1159293532","repostType":4,"isVote":1,"tweetType":1,"viewCount":4767,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943403413,"gmtCreate":1679592961533,"gmtModify":1679593102812,"author":{"id":"4142132894490722","authorId":"4142132894490722","name":"Meih","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4142132894490722","idStr":"4142132894490722"},"themes":[],"title":"","htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943403413","repostId":"1156325531","repostType":4,"repost":{"id":"1156325531","kind":"news","pubTimestamp":1679574642,"share":"https://ttm.financial/m/news/1156325531?lang=en_US&edition=fundamental","pubTime":"2023-03-23 20:30","market":"us","language":"zh","title":"The job market remains tight, and the number of initial jobless claims in the United States unexpectedly fell for the second consecutive week.","url":"https://stock-news.laohu8.com/highlight/detail?id=1156325531","media":"智通财经网","summary":"美国劳工部周四公布的数据显示，截至3月18日当周，初请失业金人数减少1000人，至19.1万人，经济学家普遍预期为19.7万人，前值为19.2万人。美国初请失业金人数连续第二周意外减少，突显出就业市场","content":"<p><html><head></head><body><b>Data released by the U.S. Labor Department on Thursday showed that initial jobless claims fell by 1,000 to 191,000 in the week ending March 18, compared to economists' consensus of 197,000 and the previous figure of 192,000.</b>The number of initial jobless claims in the United States unexpectedly fell for the second consecutive week, highlighting the continued tightness of the job market and employers' reluctance to lay off workers. Data released by the U.S. Labor Department on Thursday showed that initial jobless claims fell by 1,000 to 191,000 in the week ending March 18, compared to economists' consensus of 197,000 and the previous figure of 192,000.</p><p>As of the week ending March 11, the number of people continuing to apply for unemployment benefits remained basically unchanged at 1.694 million. This number can provide clues about how difficult it is for unemployed people to find new jobs.</p><p><img src=\"https://static.tigerbbs.com/e962dad1e2ec62353883f990723b88c0\" tg-width=\"530\" tg-height=\"312\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>This report demonstrates that the labor market has remained largely resilient against the backdrop of Federal Reserve rate hike over the past year. Initial jobless claims continue to hover near historic lows, while job creation remains strong.</p><p>Because industries such as food service, leisure, and hospitality struggle to attract and retain employees, nearly two jobs are open for every unemployed American.</p><p>Nevertheless, with some companies, including Amazon and Meta, laying off employees, economists expect the number of initial jobless claims to eventually reflect these announcements.</p><p>Meanwhile, it remains unclear what impact the recent bank failures will have on the job market; however, tightening lending standards and rising borrowing costs could dampen economic growth.</p><p>Other data showed that the four-week moving average of initial unemployment claims fell slightly to 196,250. On an unadjusted basis, initial jobless claims fell to 213,425, with declines in California, Illinois and New York and increases in Indiana.</p><p></body></html></p>","source":"highlight_zhitongcaijin","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The job market remains tight, and the number of initial jobless claims in the United States unexpectedly fell for the second consecutive week.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe job market remains tight, and the number of initial jobless claims in the United States unexpectedly fell for the second consecutive week.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2023-03-23 20:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Data released by the U.S. Labor Department on Thursday showed that initial jobless claims fell by 1,000 to 191,000 in the week ending March 18, compared to economists' consensus of 197,000 and the previous figure of 192,000.</b>The number of initial jobless claims in the United States unexpectedly fell for the second consecutive week, highlighting the continued tightness of the job market and employers' reluctance to lay off workers. Data released by the U.S. Labor Department on Thursday showed that initial jobless claims fell by 1,000 to 191,000 in the week ending March 18, compared to economists' consensus of 197,000 and the previous figure of 192,000.</p><p>As of the week ending March 11, the number of people continuing to apply for unemployment benefits remained basically unchanged at 1.694 million. This number can provide clues about how difficult it is for unemployed people to find new jobs.</p><p><img src=\"https://static.tigerbbs.com/e962dad1e2ec62353883f990723b88c0\" tg-width=\"530\" tg-height=\"312\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>This report demonstrates that the labor market has remained largely resilient against the backdrop of Federal Reserve rate hike over the past year. Initial jobless claims continue to hover near historic lows, while job creation remains strong.</p><p>Because industries such as food service, leisure, and hospitality struggle to attract and retain employees, nearly two jobs are open for every unemployed American.</p><p>Nevertheless, with some companies, including Amazon and Meta, laying off employees, economists expect the number of initial jobless claims to eventually reflect these announcements.</p><p>Meanwhile, it remains unclear what impact the recent bank failures will have on the job market; however, tightening lending standards and rising borrowing costs could dampen economic growth.</p><p>Other data showed that the four-week moving average of initial unemployment claims fell slightly to 196,250. On an unadjusted basis, initial jobless claims fell to 213,425, with declines in California, Illinois and New York and increases in Indiana.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/897521.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/627bc890436e46f74a0fe8143398a725","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/897521.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1156325531","content_text":"美国劳工部周四公布的数据显示，截至3月18日当周，初请失业金人数减少1000人，至19.1万人，经济学家普遍预期为19.7万人，前值为19.2万人。美国初请失业金人数连续第二周意外减少，突显出就业市场仍然紧张，雇主不愿裁员。美国劳工部周四公布的数据显示，截至3月18日当周，初请失业金人数减少1000人，至19.1万人，经济学家普遍预期为19.7万人，前值为19.2万人。截至3月11日当周，续请失业金人数基本持平，为169.4万人。这个数字可以为失业人员找到新工作的难易程度提供线索。这份报告展示了在过去一年美联储加息的背景下，劳动力市场在很大程度上保持了弹性。初请失业金人数继续徘徊在历史最低水平附近，就业创造依然强劲。由于食品服务、休闲和酒店等行业难以吸引和留住员工，每一个失业的美国人就有近两个职位空缺。尽管如此，随着包括亚马逊和Meta在内的一些公司纷纷裁员，经济学家预计，初请失业金人数最终将反映这些公告。与此同时，目前尚不清楚最近的银行倒闭将对就业市场产生何种影响，不过，贷款标准收紧和借贷成本上升可能会抑制经济增长。其他数据显示，初请失业金人数的四周移动平均值小幅下降至196,250人。在未经调整的基础上，初请失业金人数降至213,425人，加利福尼亚州、伊利诺伊州和纽约州的初请失业金人数有所下降，印第安纳州则有所上升。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":5436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}