To The Moon
Home
News
TigerAI
Log In
Sign Up
Drannek
+Follow
Posts · 6
Posts · 6
Following · 0
Following · 0
Followers · 0
Followers · 0
Drannek
Drannek
·
2022-05-28
Thanks
Sorry, this post has been deleted
看
5.16K
回复
Comment
点赞
6
编组 21备份 2
Share
Report
Drannek
Drannek
·
2022-05-27
Great
Bear Market Playbook: Cash, Patience And Vigilance
SummaryOn the surface, the correction has only started getting to the broad indices. Under the hood,
Bear Market Playbook: Cash, Patience And Vigilance
看
3.90K
回复
Comment
点赞
2
编组 21备份 2
Share
Report
Drannek
Drannek
·
2022-05-27
Thanks for sharing
Palantir Is Getting Into Garbage in Partnership With Rubicon Technologies
The data analytics giant Palantir Technologies is moving into crunching numbers on trash.Palantir (t
Palantir Is Getting Into Garbage in Partnership With Rubicon Technologies
看
3.98K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
Drannek
Drannek
·
2021-03-22
Nice article
Sorry, this post has been deleted
看
3.86K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
Drannek
Drannek
·
2021-03-15
Nice
Sorry, this post has been deleted
看
4.12K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
Drannek
Drannek
·
2021-03-15
To the moon!
Sorry, this post has been deleted
看
4.30K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
Load more
No followers yet
Most Discussed
{"i18n":{"language":"en_US"},"isCurrentUser":false,"userPageInfo":{"id":"3574915032906549","uuid":"3574915032906549","gmtCreate":1611821239308,"gmtModify":1615699963987,"name":"Drannek","pinyin":"drannek","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/a43a109f2acd3580907a53160ba1f98f","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":3,"tweetSize":6,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-4","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Tiger Star","description":"Join the tiger community for 2000 days","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.07.22","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.23","exceedPercentage":"60.55%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":4,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-4","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Tiger Star","description":"Join the tiger community for 2000 days","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":1,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.07.22","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":1},"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":9025499920,"gmtCreate":1653712722360,"gmtModify":1676535332199,"author":{"id":"3574915032906549","authorId":"3574915032906549","name":"Drannek","avatar":"https://static.tigerbbs.com/a43a109f2acd3580907a53160ba1f98f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574915032906549","authorIdStr":"3574915032906549"},"themes":[],"title":"","htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025499920","repostId":"2238676317","repostType":4,"isVote":1,"tweetType":1,"viewCount":5157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022726558,"gmtCreate":1653587393974,"gmtModify":1676535308941,"author":{"id":"3574915032906549","authorId":"3574915032906549","name":"Drannek","avatar":"https://static.tigerbbs.com/a43a109f2acd3580907a53160ba1f98f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574915032906549","authorIdStr":"3574915032906549"},"themes":[],"title":"","htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022726558","repostId":"2238856736","repostType":4,"repost":{"id":"2238856736","kind":"highlight","pubTimestamp":1653579019,"share":"https://ttm.financial/m/news/2238856736?lang=en_US&edition=fundamental","pubTime":"2022-05-26 23:30","market":"us","language":"en","title":"Bear Market Playbook: Cash, Patience And Vigilance","url":"https://stock-news.laohu8.com/highlight/detail?id=2238856736","media":"MoneyShow","summary":"SummaryOn the surface, the correction has only started getting to the broad indices. Under the hood,","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>On the surface, the correction has only started getting to the broad indices. Under the hood, the damage is deeper: 70% of S&P 500 stocks and 85% of NASDAQ stocks are below their 200-day moving averages.</li><li>The Fed is raising rates and reducing liquidity by allowing assets on its balance sheet to roll off. Interest rates are the fundamental market-wide variable governing how much investors are willing to pay for a company on the basis of its earnings.</li><li>As interest rates rise, that number, for the stock market taken as a whole, will fall. Layer in the anticipation of decelerating earnings or a potential recession, and the price contraction is even sharper.</li><li>After the dust settles, Mr. Market will get sober and realize that certain companies were pushed down with the broad market to valuation levels too low for their fundamentals. Our job is to find these opportunities before Mr. Market’s moment of sobriety.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/caec9c220bfd36f42efd9859baf1d5a2\" tg-width=\"750\" tg-height=\"563\" referrerpolicy=\"no-referrer\"/><span>Adam Gault/OJO Images via Getty Images By Monty Guild</span></p><p>The damage to stocks is more evident internally than externally. On the surface, the correction has only started getting to the broad indices. Under the hood, the damage is deeper: 70% of S&P 500 stocks and 85% of NASDAQ stocks are below their 200-day moving averages. A lot of pain has already happened.</p><p>There are some external factors at work here, and these may be ushering in some structural changes to global finance and economics. But still, what is happening right now is altogether simpler, and in a way, that’s comforting.</p><p>The Fed is raising rates and reducing liquidity by allowing assets on its balance sheet to roll off. Interest rates - the “cost of money” - are the fundamental market-wide variable governing how much investors are willing to pay for a company on the basis of its earnings (that is, the P/E ratio, or price-to-earnings multiple).</p><p>As interest rates rise, that number, for the stock market taken as a whole, will fall. We believe it will fall back towards historical norms; indeed, it already is doing so. Layer in the anticipation of decelerating earnings or a potential recession, and the price contraction is even sharper.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1dfb7c5fd7b17a296ba44bd22eca7c5b\" tg-width=\"1168\" tg-height=\"714\" referrerpolicy=\"no-referrer\"/><span>S&P 500 NTM P/E (Author)</span></p><p>The central message to investors is this: what is happening is not outlandish; it is normal and expected. Indeed, it is actually creating opportunities to buy high-quality assets when their prices have declined to sane levels in accord with historical norms and prevailing industry conditions. Many high-quality assets will see their prices decline <i>below</i> those sane levels, presenting particularly appealing opportunities.</p><p>What’s happening is simply the result of a hangover. Extraordinary monetary policy made the financial system flush with liquidity, which was used to bid up stock prices - and in the last stages of this process, all sense of proportion, caution, and historical norms was cast aside.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/820584a96aa27afaa500c78ed0fd92b6\" tg-width=\"1280\" tg-height=\"776\" referrerpolicy=\"no-referrer\"/><span>Money Supply YoY Growth (M2) (Morgan Stanley Research)</span></p><p>Now the punch bowl is being taken away from the party, sirens can be heard faintly in the background, and sobriety is beginning to set in. Note the word <i>beginning.</i> Our firm has an institutional memory of the inflation-driven bear market of the 1970s.</p><p>We believe that a market-level bottom still needs to be found - simply because more pain remains to be inflicted on some industries by rising rates if the Fed is even going to <i>approach</i>making good on its stated intention to deal with inflation. And while inflation is likely peaking now, we believe, as we have said for some time, that it will not return to the pre-pandemic 1-2% norm for many years.</p><p><b>A Bear Market Strategy</b></p><p>Patience is the watch word. The P/E chart above shows the extent to which valuations have already declined. However, it’s important to bear in mind that this is a market-wide chart, concealing wide variation among industries and individual companies about what constitutes an attractive valuation.</p><p>The sharp decline in market-level valuations points out a notable characteristic of contemporary markets: the prominence of passive investing, which now comprises most of market flows, means that in a period of liquidation such as we are now experiencing, good companies will get sold off indiscriminately with bad.</p><p>After the dust settles, Mr. Market will get sober and realize that certain companies were pushed down with the broad market to valuation levels too low for their fundamentals. Our job is to find these opportunities before Mr. Market’s moment of sobriety, and we are already identifying them.</p><p><b>Innovation and Mean-Reversion</b></p><p>The current swoon may be setting up a once-in-a-decade opportunity. We have seen this movie before, and it is not fun to watch - but value is being created. We do not favor moving portfolios totally to cash, because we believe that there will still be tactical opportunities and worthwhile long-term defensible holds even in the midst of a general liquidation. Further, in an inflationary environment, holding cash is in itself risky and costly.</p><p>Reversion to the mean is a reality. We mean no disrespect to ARK Invest and its management when we point out that on a five-year basis, the performance of the ARK Innovation Fund (ARKK), a flagship of the most prominent tech innovators and disruptors, has now fallen below the S&P 500.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa712dc92eeb3f8a56d1e7eb63ef2636\" tg-width=\"1280\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>SPY, ARKK (Morgan Stanley Research)</span></p><p>That chart is itself a perfect visual representation of mean reversion. However, it’s important to remember that the market is not the economy; and the economy is not the current stage of the economic cycle.</p><p>Just as in the dot com bust - perhaps even more so - among the present-day stock market wreckage of decimated innovators, there remain companies that are at the forefront of the technological transformation of the world through networking, digitization, automation, and artificial intelligence.</p><p>Many of these are components of ARK’s funds, and will become new Amazons and Googles in their respective industries - but not before they’ve endured more exile in the wilderness.</p><p>As a quick note on crypto, we have watched the implosion of LUNA (LUNA-USD) and UST (UST-USD) with interest. To us, the takeaway is simple: the wild west days of crypto are ending, and the regulators are coming. As we have said for years, we believe this is a good thing. Regulators aren’t perfect, but they are necessary, and financial history shows the disasters that can unfold in their absence.</p><p><b>Investment implications</b></p><p>Multiple contraction alone on the basis of rising rates suggests a 3800 target for the S&P 500. However, should earnings disappoint or more signs of recession appear, a deeper market-wide decline would likely be in the cards. It is not yet time to sound the “all clear.”</p><p>We could have a choppy or lower market with some rallies and declines until later this year, when the market has had a chance to see how much corporate profits will be impacted by the ongoing inflation, and which industries will be hurt and helped by inflation. It will gradually become clear whether we’re entering a multi-year bear market or simply enduring a deep correction within the market’s many-decade upward trajectory.</p><p>The reason you have to maintain some optimism is that the movement of fear and negative sentiment from <i>high</i> to <i>neutral</i> can see markets rally a lot, long before sentiment is actually bullish. On the positive side, as we have noted, some real bargains are starting to appear and we are refining our buy list of companies that we believe have strong long-term prospects.</p><p>However, the coming bull market, when it emerges, is unlikely to be a QE-driven bull market like what prevailed from 2009 to 2021. Because it will be based more on economic, revenue, and earnings growth, it will be choppier, more volatile, and more company-, sector-, and industry-specific than the previous bull market.</p><p>We believe elements of the commodity complex, such as food and battery minerals, will be attractive. Future growth areas - all under the rubric of “growth at a reasonable price” - will include software, disruptive technologies, semiconductors, fintech and defi, and cybersecurity, among others.</p><p>When investing in innovation, focus on influential, substantive innovations - innovations that most deeply affect standards of living, and are important to further real-world technological and economic progress. In short, not mere novelty items; this is where patience might be required.</p><p>Moving forward, strong margins and balance sheets are likely to draw more attention than they did in an era where investors focused somewhat myopically on revenue growth.</p><p>We believe high inflation in food, clothing, shelter, fuel, and other consumer necessities, combined with wages not keeping pace with inflation, will weaken discretionary consumer spending. Supply chains will remain a point of difficulty and concern, and the process of reshoring and the transition will continue for years.</p></body></html>","source":"lsy1653567943406","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>Bear Market Playbook: Cash, Patience And Vigilance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBear Market Playbook: Cash, Patience And Vigilance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-26 23:30 GMT+8 <a href=https://www.moneyshow.com/articles/dailyguru-58807/bear-market-playbook-cash-patience-and-vigilance/?scode=044063><strong>MoneyShow</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryOn the surface, the correction has only started getting to the broad indices. Under the hood, the damage is deeper: 70% of S&P 500 stocks and 85% of NASDAQ stocks are below their 200-day moving...</p>\n\n<a href=\"https://www.moneyshow.com/articles/dailyguru-58807/bear-market-playbook-cash-patience-and-vigilance/?scode=044063\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.moneyshow.com/articles/dailyguru-58807/bear-market-playbook-cash-patience-and-vigilance/?scode=044063","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238856736","content_text":"SummaryOn the surface, the correction has only started getting to the broad indices. Under the hood, the damage is deeper: 70% of S&P 500 stocks and 85% of NASDAQ stocks are below their 200-day moving averages.The Fed is raising rates and reducing liquidity by allowing assets on its balance sheet to roll off. Interest rates are the fundamental market-wide variable governing how much investors are willing to pay for a company on the basis of its earnings.As interest rates rise, that number, for the stock market taken as a whole, will fall. Layer in the anticipation of decelerating earnings or a potential recession, and the price contraction is even sharper.After the dust settles, Mr. Market will get sober and realize that certain companies were pushed down with the broad market to valuation levels too low for their fundamentals. Our job is to find these opportunities before Mr. Market’s moment of sobriety.Adam Gault/OJO Images via Getty Images By Monty GuildThe damage to stocks is more evident internally than externally. On the surface, the correction has only started getting to the broad indices. Under the hood, the damage is deeper: 70% of S&P 500 stocks and 85% of NASDAQ stocks are below their 200-day moving averages. A lot of pain has already happened.There are some external factors at work here, and these may be ushering in some structural changes to global finance and economics. But still, what is happening right now is altogether simpler, and in a way, that’s comforting.The Fed is raising rates and reducing liquidity by allowing assets on its balance sheet to roll off. Interest rates - the “cost of money” - are the fundamental market-wide variable governing how much investors are willing to pay for a company on the basis of its earnings (that is, the P/E ratio, or price-to-earnings multiple).As interest rates rise, that number, for the stock market taken as a whole, will fall. We believe it will fall back towards historical norms; indeed, it already is doing so. Layer in the anticipation of decelerating earnings or a potential recession, and the price contraction is even sharper.S&P 500 NTM P/E (Author)The central message to investors is this: what is happening is not outlandish; it is normal and expected. Indeed, it is actually creating opportunities to buy high-quality assets when their prices have declined to sane levels in accord with historical norms and prevailing industry conditions. Many high-quality assets will see their prices decline below those sane levels, presenting particularly appealing opportunities.What’s happening is simply the result of a hangover. Extraordinary monetary policy made the financial system flush with liquidity, which was used to bid up stock prices - and in the last stages of this process, all sense of proportion, caution, and historical norms was cast aside.Money Supply YoY Growth (M2) (Morgan Stanley Research)Now the punch bowl is being taken away from the party, sirens can be heard faintly in the background, and sobriety is beginning to set in. Note the word beginning. Our firm has an institutional memory of the inflation-driven bear market of the 1970s.We believe that a market-level bottom still needs to be found - simply because more pain remains to be inflicted on some industries by rising rates if the Fed is even going to approachmaking good on its stated intention to deal with inflation. And while inflation is likely peaking now, we believe, as we have said for some time, that it will not return to the pre-pandemic 1-2% norm for many years.A Bear Market StrategyPatience is the watch word. The P/E chart above shows the extent to which valuations have already declined. However, it’s important to bear in mind that this is a market-wide chart, concealing wide variation among industries and individual companies about what constitutes an attractive valuation.The sharp decline in market-level valuations points out a notable characteristic of contemporary markets: the prominence of passive investing, which now comprises most of market flows, means that in a period of liquidation such as we are now experiencing, good companies will get sold off indiscriminately with bad.After the dust settles, Mr. Market will get sober and realize that certain companies were pushed down with the broad market to valuation levels too low for their fundamentals. Our job is to find these opportunities before Mr. Market’s moment of sobriety, and we are already identifying them.Innovation and Mean-ReversionThe current swoon may be setting up a once-in-a-decade opportunity. We have seen this movie before, and it is not fun to watch - but value is being created. We do not favor moving portfolios totally to cash, because we believe that there will still be tactical opportunities and worthwhile long-term defensible holds even in the midst of a general liquidation. Further, in an inflationary environment, holding cash is in itself risky and costly.Reversion to the mean is a reality. We mean no disrespect to ARK Invest and its management when we point out that on a five-year basis, the performance of the ARK Innovation Fund (ARKK), a flagship of the most prominent tech innovators and disruptors, has now fallen below the S&P 500.SPY, ARKK (Morgan Stanley Research)That chart is itself a perfect visual representation of mean reversion. However, it’s important to remember that the market is not the economy; and the economy is not the current stage of the economic cycle.Just as in the dot com bust - perhaps even more so - among the present-day stock market wreckage of decimated innovators, there remain companies that are at the forefront of the technological transformation of the world through networking, digitization, automation, and artificial intelligence.Many of these are components of ARK’s funds, and will become new Amazons and Googles in their respective industries - but not before they’ve endured more exile in the wilderness.As a quick note on crypto, we have watched the implosion of LUNA (LUNA-USD) and UST (UST-USD) with interest. To us, the takeaway is simple: the wild west days of crypto are ending, and the regulators are coming. As we have said for years, we believe this is a good thing. Regulators aren’t perfect, but they are necessary, and financial history shows the disasters that can unfold in their absence.Investment implicationsMultiple contraction alone on the basis of rising rates suggests a 3800 target for the S&P 500. However, should earnings disappoint or more signs of recession appear, a deeper market-wide decline would likely be in the cards. It is not yet time to sound the “all clear.”We could have a choppy or lower market with some rallies and declines until later this year, when the market has had a chance to see how much corporate profits will be impacted by the ongoing inflation, and which industries will be hurt and helped by inflation. It will gradually become clear whether we’re entering a multi-year bear market or simply enduring a deep correction within the market’s many-decade upward trajectory.The reason you have to maintain some optimism is that the movement of fear and negative sentiment from high to neutral can see markets rally a lot, long before sentiment is actually bullish. On the positive side, as we have noted, some real bargains are starting to appear and we are refining our buy list of companies that we believe have strong long-term prospects.However, the coming bull market, when it emerges, is unlikely to be a QE-driven bull market like what prevailed from 2009 to 2021. Because it will be based more on economic, revenue, and earnings growth, it will be choppier, more volatile, and more company-, sector-, and industry-specific than the previous bull market.We believe elements of the commodity complex, such as food and battery minerals, will be attractive. Future growth areas - all under the rubric of “growth at a reasonable price” - will include software, disruptive technologies, semiconductors, fintech and defi, and cybersecurity, among others.When investing in innovation, focus on influential, substantive innovations - innovations that most deeply affect standards of living, and are important to further real-world technological and economic progress. In short, not mere novelty items; this is where patience might be required.Moving forward, strong margins and balance sheets are likely to draw more attention than they did in an era where investors focused somewhat myopically on revenue growth.We believe high inflation in food, clothing, shelter, fuel, and other consumer necessities, combined with wages not keeping pace with inflation, will weaken discretionary consumer spending. Supply chains will remain a point of difficulty and concern, and the process of reshoring and the transition will continue for years.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.6}},"isVote":1,"tweetType":1,"viewCount":3895,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022726627,"gmtCreate":1653587351969,"gmtModify":1676535308940,"author":{"id":"3574915032906549","authorId":"3574915032906549","name":"Drannek","avatar":"https://static.tigerbbs.com/a43a109f2acd3580907a53160ba1f98f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574915032906549","authorIdStr":"3574915032906549"},"themes":[],"title":"","htmlText":"Thanks for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022726627","repostId":"2238689001","repostType":4,"repost":{"id":"2238689001","kind":"highlight","pubTimestamp":1653571115,"share":"https://ttm.financial/m/news/2238689001?lang=en_US&edition=fundamental","pubTime":"2022-05-26 21:18","market":"us","language":"en","title":"Palantir Is Getting Into Garbage in Partnership With Rubicon Technologies","url":"https://stock-news.laohu8.com/highlight/detail?id=2238689001","media":"Barrons","summary":"The data analytics giant Palantir Technologies is moving into crunching numbers on trash.Palantir (t","content":"<html><head></head><body><p>The data analytics giant Palantir Technologies is moving into crunching numbers on trash.</p><p>Palantir (ticker: PLTR) announced a partnership Thursday with Rubicon Technologies, a relatively new software and solutions provider to the waste and recycling industry.</p><p>Rubicon wants to be the operating system for the waste industry, providing haulers with software and connectivity solutions to help make them more efficient, as well as data-collection solutions for cities and companies generating garbage.</p><p>Rubicon believes the waste industry has too much, well, waste and is ripe for disruption. The relationship with Palantir enhances Rubicon's data analytics capabilities, which eventually will help save waste generators and haulers money, it said. Palantir will also help Rubicon commercialize some of its products.</p><p>"Data has been at the center of the Rubicon story since our company's founding, and the application of data to business processes is what has enabled us to consistently drive environmental innovation in the waste and recycling category," said Rubicon CEO Nate Morris in the companies' news release.</p><p>Rubicon isn't a public company yet. It is merging with the special-purpose acquisition company <a href=\"https://laohu8.com/S/FOUN\">Founder SPAC</a> (FOUN) to raise additional capital. When the merger is complete, the combined company will trade under the stock symbol "RBT." The deal will raise about $350 million in cash for Rubicon.</p><p>The transaction values Rubicon stock at about $2 billion based on about 199 million shares outstanding when the deal closes. That is expected to happen in the second quarter of 2022 .</p><p>Since the merger was announced in mid-December, Founder stock, which will become Rubicon, is up about 1%. That isn't bad, given that the S&P 500 and Nasdaq Composite are down about 15% and 25%, respectively, over the same span. The Defiance Next Gen SPAC Derived ETF has fallen 32%.</p><p>Founder stock may have held up better than other stocks and SPAC shares because Rubicon has sales and is more modestly valued than other software companies. The company generated $583 million in 2021 and expects to generate about $736 million in 2022. That's about 26% year over year growth. The company generates gross profits, but not operating profit just yet.</p><p>Shares of Founder trade for, very roughly, three times Rubicon's sales. Software companies in the S&P 500 trade for closer to nine times sales, although those in the market benchmark have a better mix of growth and profit margins.</p><p>The software components of the S&P 500 have been growing sales at roughly 14% a year on average for the past three years. Operating profit margins are about 34% for the group. Of course, software companies in the S&P 500 are mature and include companies such as <a href=\"https://laohu8.com/S/CRM\">Salesforce</a> that generate tens of billions in annual sales.</p><p>The Palantir relationship is designed to enhance Rubicon's offerings. That could mean even faster sales growth for investors.</p><p>Coming into Wednesday trading, Palantir stock was off about 56% year to date.</p></body></html>","source":"lsy1601382232898","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>Palantir Is Getting Into Garbage in Partnership With Rubicon Technologies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Is Getting Into Garbage in Partnership With Rubicon Technologies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-26 21:18 GMT+8 <a href=https://www.barrons.com/articles/palantir-rubicon-waste-data-analytics-51653568935?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The data analytics giant Palantir Technologies is moving into crunching numbers on trash.Palantir (ticker: PLTR) announced a partnership Thursday with Rubicon Technologies, a relatively new software ...</p>\n\n<a href=\"https://www.barrons.com/articles/palantir-rubicon-waste-data-analytics-51653568935?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://www.barrons.com/articles/palantir-rubicon-waste-data-analytics-51653568935?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238689001","content_text":"The data analytics giant Palantir Technologies is moving into crunching numbers on trash.Palantir (ticker: PLTR) announced a partnership Thursday with Rubicon Technologies, a relatively new software and solutions provider to the waste and recycling industry.Rubicon wants to be the operating system for the waste industry, providing haulers with software and connectivity solutions to help make them more efficient, as well as data-collection solutions for cities and companies generating garbage.Rubicon believes the waste industry has too much, well, waste and is ripe for disruption. The relationship with Palantir enhances Rubicon's data analytics capabilities, which eventually will help save waste generators and haulers money, it said. Palantir will also help Rubicon commercialize some of its products.\"Data has been at the center of the Rubicon story since our company's founding, and the application of data to business processes is what has enabled us to consistently drive environmental innovation in the waste and recycling category,\" said Rubicon CEO Nate Morris in the companies' news release.Rubicon isn't a public company yet. It is merging with the special-purpose acquisition company Founder SPAC (FOUN) to raise additional capital. When the merger is complete, the combined company will trade under the stock symbol \"RBT.\" The deal will raise about $350 million in cash for Rubicon.The transaction values Rubicon stock at about $2 billion based on about 199 million shares outstanding when the deal closes. That is expected to happen in the second quarter of 2022 .Since the merger was announced in mid-December, Founder stock, which will become Rubicon, is up about 1%. That isn't bad, given that the S&P 500 and Nasdaq Composite are down about 15% and 25%, respectively, over the same span. The Defiance Next Gen SPAC Derived ETF has fallen 32%.Founder stock may have held up better than other stocks and SPAC shares because Rubicon has sales and is more modestly valued than other software companies. The company generated $583 million in 2021 and expects to generate about $736 million in 2022. That's about 26% year over year growth. The company generates gross profits, but not operating profit just yet.Shares of Founder trade for, very roughly, three times Rubicon's sales. Software companies in the S&P 500 trade for closer to nine times sales, although those in the market benchmark have a better mix of growth and profit margins.The software components of the S&P 500 have been growing sales at roughly 14% a year on average for the past three years. Operating profit margins are about 34% for the group. Of course, software companies in the S&P 500 are mature and include companies such as Salesforce that generate tens of billions in annual sales.The Palantir relationship is designed to enhance Rubicon's offerings. That could mean even faster sales growth for investors.Coming into Wednesday trading, Palantir stock was off about 56% year to date.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":3978,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359874843,"gmtCreate":1616387760182,"gmtModify":1704793358556,"author":{"id":"3574915032906549","authorId":"3574915032906549","name":"Drannek","avatar":"https://static.tigerbbs.com/a43a109f2acd3580907a53160ba1f98f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574915032906549","authorIdStr":"3574915032906549"},"themes":[],"title":"","htmlText":"Nice article","listText":"Nice article","text":"Nice article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359874843","repostId":"1103756496","repostType":4,"isVote":1,"tweetType":1,"viewCount":3861,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322054948,"gmtCreate":1615747825184,"gmtModify":1704786074930,"author":{"id":"3574915032906549","authorId":"3574915032906549","name":"Drannek","avatar":"https://static.tigerbbs.com/a43a109f2acd3580907a53160ba1f98f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574915032906549","authorIdStr":"3574915032906549"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322054948","repostId":"1164162618","repostType":4,"isVote":1,"tweetType":1,"viewCount":4122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322054010,"gmtCreate":1615747796730,"gmtModify":1704786074768,"author":{"id":"3574915032906549","authorId":"3574915032906549","name":"Drannek","avatar":"https://static.tigerbbs.com/a43a109f2acd3580907a53160ba1f98f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574915032906549","authorIdStr":"3574915032906549"},"themes":[],"title":"","htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322054010","repostId":"2118950916","repostType":4,"isVote":1,"tweetType":1,"viewCount":4300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}
