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yuliang559
yuliang559
·
2023-06-18
[微笑]
Faraday Future: FF91 Phase 2 delivery postponed to August this year
这一次的延期可能会导致融资不稳定情况。
Faraday Future: FF91 Phase 2 delivery postponed to August this year
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yuliang559
yuliang559
·
2023-06-18
[微笑]
Rate hike "invalid"? U.S. stocks have risen back, and the dollar has also fallen back
“四十年来最激进加息周期”如同没有发生！
Rate hike "invalid"? U.S. stocks have risen back, and the dollar has also fallen back
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yuliang559
yuliang559
·
2023-05-28
[微笑]
U.S. debt default crisis: preliminary agreement reached, but alarm is far from lifted
闯关国会，又是一场“恶仗”。经过数周的激烈谈判，美国两党终于在周六晚间就解决美国债务上限问题达成“原则性协议”。不过，这份协议还需得到美国国会的快速通过，才能真正解除本次美债违约的“警报”。而这，又将
U.S. debt default crisis: preliminary agreement reached, but alarm is far from lifted
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yuliang559
yuliang559
·
2023-05-20
[微笑]
"Extreme Game"! US debt ceiling talks'end fruitlessly 'on Friday
美国白宫与共和党谈判代表周五就提高债务上限举行的第二次会议结束，双方均未提及任何进展，也没有安排进一步的会议。据报道，债务上限僵局集中在2024年的支出水平上。据路透报道，美国白宫与共和党谈判代表周五
"Extreme Game"! US debt ceiling talks'end fruitlessly 'on Friday
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yuliang559
yuliang559
·
2023-05-19
[微笑]
Sorry, this post has been deleted
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yuliang559
yuliang559
·
2023-05-14
[微笑]
Buy it at 2800 and set it at 3400? 90% of funds underperformed the market during the year. Who caught the bull market?
大盘在涨，账户却在亏损！开年以来，上证指数上涨5.93%，更是一度冲上3400点，沪深300指数上涨1.71%，人工智能、中特估等热门概念股涨势喜人。然而，投资者们感受却颇有不同，亦有网友调侃，“大盘
Buy it at 2800 and set it at 3400? 90% of funds underperformed the market during the year. Who caught the bull market?
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yuliang559
yuliang559
·
2023-05-04
[微笑]
Not just relying on the "moat"! Buffett also has a big investment "trick"
巴菲特投资的大多数公司都派息，预计今年伯克希尔·哈撒韦将从其股票投资组合中赚取约57亿美元现金。一年一度的“投资界春晚”、伯克希尔·哈撒韦股东会将在周六召开，这时候，普通投资者又会抛出灵魂一问：巴菲特
Not just relying on the "moat"! Buffett also has a big investment "trick"
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yuliang559
yuliang559
·
2023-05-03
[微笑]
U.S. ADP employment was 296,000 in April, the largest increase since July 2022
5月3日，美国4月ADP就业人数为29.6万人，为2022年7月以来最大增幅；预期14.8万人，前值14.5万人。ADP报告：4月金融服务业就业人数减少2.8万人，3月减少5.1万人；4月贸易/运输/
U.S. ADP employment was 296,000 in April, the largest increase since July 2022
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yuliang559
yuliang559
·
2023-04-30
[微笑]
How long can US technology stocks be bullish? Just look at the financial reports of Apple and AMD next week
后续财报可能“喜忧参半”，AI热潮带动芯片需求增加，AMD、高通财报指引可能好于预期，而苹果可能会公布其产品部门三年来首次全面萎缩。经济衰退阴云笼罩下，微软、Meta等科技巨头扛住了压力，一季度业绩超
How long can US technology stocks be bullish? Just look at the financial reports of Apple and AMD next week
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yuliang559
yuliang559
·
2023-04-29
[微笑]
Who did the First Republic "win the flower"? Report: FDIC asks bidders including JPMorgan to submit final offers by Sunday
作为吸收存款超过10%的大型银行，摩根大通的收购在监管方面存在障碍，但为了拯救第一共和银行，也存在破例的可能性。岌岌可危的第一共和银行迎来了意向方：摩根大通、PNC都有可能成为最终收购者。据彭博今日报
Who did the First Republic "win the flower"? Report: FDIC asks bidders including JPMorgan to submit final offers by Sunday
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Users need to receive vehicle use training in advance after paying the full price of US $309,000 (approximately 2.20116 million yuan), so as to \"enjoy the qualification to drive the vehicle as a futuristic product pavilion\" in the future. At this stage, in fact, users cannot get their actual cars yet, and need to wait for the \"second phase FPO co-creation delivery period\", which is August 2023.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce4188586ad932136f3b5deec5c38949\" alt=\"▲ 图源 法拉第未来官网\" title=\"▲ 图源 法拉第未来官网\" tg-width=\"1440\" tg-height=\"705\"/><span>▲ Source Faraday Future official website</span></p><p><strong>▲ Source Faraday Future official website</strong></p><p><p style=\"text-align: start;\">Faraday Future emphasized that the company's enhanced safety testing has nothing to do with what is required by the U.S. Federal Motor Vehicle Safety Standard (FMVSS).</p><p><p style=\"text-align: start;\">Although the official said that it will be delivered in August, due to the precedent of several delays in Faraday Future FF91, this delay may lead to short-term instability in financing, so the specific delivery date has yet to be judged.</p><p></body></html></p>","source":"ithome","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>Faraday Future: FF91 Phase 2 delivery postponed to August this year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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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\">\nFaraday Future: FF91 Phase 2 delivery postponed to August this year\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">IT之家</strong><span class=\"h-time small\">2023-06-18 11:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Author: Yang Tsai</p><p>Faraday Future announced yesterday that the delivery time of the second phase of FF912.0 FuturistAlliance \"FOP co-creation delivery\" has been updated from the end of the second quarter of 2023 to August 2023.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95a5a30839b03a61a16909eccb127733\" alt=\"▲ 图源 法拉第未来官网\" title=\"▲ 图源 法拉第未来官网\" tg-width=\"1440\" tg-height=\"660\"/><span>▲ Source Faraday Future official website</span></p><p><strong>▲ Source Faraday Future official website</strong></p><p><p style=\"text-align: start;\">It is reported that Faraday Future stated that the final delivery time of its first model FF91 was delayed due to \"the time constraint of one supplier\" and the completion time of the \"additional system test\" link in the vehicle's \"enhanced safety test\".</p><p><p style=\"text-align: start;\">According to previous official information, in terms of delivery, FF91 is more \"unique\" than traditional car companies. Users need to receive vehicle use training in advance after paying the full price of US $309,000 (approximately 2.20116 million yuan), so as to \"enjoy the qualification to drive the vehicle as a futuristic product pavilion\" in the future. At this stage, in fact, users cannot get their actual cars yet, and need to wait for the \"second phase FPO co-creation delivery period\", which is August 2023.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce4188586ad932136f3b5deec5c38949\" alt=\"▲ 图源 法拉第未来官网\" title=\"▲ 图源 法拉第未来官网\" tg-width=\"1440\" tg-height=\"705\"/><span>▲ Source Faraday Future official website</span></p><p><strong>▲ Source Faraday Future official website</strong></p><p><p style=\"text-align: start;\">Faraday Future emphasized that the company's enhanced safety testing has nothing to do with what is required by the U.S. Federal Motor Vehicle Safety Standard (FMVSS).</p><p><p style=\"text-align: start;\">Although the official said that it will be delivered in August, due to the precedent of several delays in Faraday Future FF91, this delay may lead to short-term instability in financing, so the specific delivery date has yet to be judged.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.ithome.com/0/700/572.htm\">IT之家</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/da02b327d14fbb528d302ef2b9995bf1","relate_stocks":{},"source_url":"https://www.ithome.com/0/700/572.htm","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184277979","content_text":"作者：漾仔法拉第未来昨日宣布，FF912.0FuturistAlliance第二阶段“FOP共创交付”交付时间从2023年第二季度末更新为2023年8月。▲ 图源 法拉第未来官网▲图源法拉第未来官网据悉，法拉第未来表示，旗下首款车型FF91由于“一家供应商的时间限制”，以及受车辆“强化安全测试”中“额外系统测试”环节完成时间影响，导致最终交付时间有所推迟。根据官方此前信息，在交付方面上，FF91相对于传统车企更具“独到之处”，用户需要在支付30.9万美元（约220.16万元人民币）全款车款后，事先接受车辆使用培训，才能在未来“享受到作为未来主义产品馆驾驶该车辆的资格”，而在这一阶段，实际上用户还无法拿到自己的实车，需要等待“第二阶段FPO共创交付时期”，也就是2023年8月。▲ 图源 法拉第未来官网▲图源法拉第未来官网法拉第未来强调，公司的强化安全测试与美国联邦机动车安全标准（FMVSS）要求的内容无关。虽然目前官方称将会在8月交付，但因法拉第未来FF91几度跳票先例，这一次的延期可能会导致融资出现短暂的不稳定情况，因此具体交付日期还有待判断。","news_type":1,"symbols_score_info":{"FFIE":0.9}},"isVote":1,"tweetType":1,"viewCount":2246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188687670493304,"gmtCreate":1687091846754,"gmtModify":1687091850949,"author":{"id":"3581663680495191","authorId":"3581663680495191","name":"yuliang559","avatar":"https://static.tigerbbs.com/2769f9b0cdb3c39664fc7b74a5de5f0d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581663680495191","idStr":"3581663680495191"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188687670493304","repostId":"1156309203","repostType":2,"repost":{"id":"1156309203","kind":"news","pubTimestamp":1687090816,"share":"https://ttm.financial/m/news/1156309203?lang=en_US&edition=fundamental","pubTime":"2023-06-18 20:20","market":"us","language":"zh","title":"Rate hike \"invalid\"? U.S. stocks have risen back, and the dollar has also fallen back","url":"https://stock-news.laohu8.com/highlight/detail?id=1156309203","media":"华尔街见闻","summary":"“四十年来最激进加息周期”如同没有发生！","content":"<p><html><head></head><body>Looking back at the node when the Federal Reserve suspended rate hike in June, we can find such a magical scene: the performance of the U.S. stock market and the U.S. dollar has hardly changed compared to the beginning of the rate hike cycle in early 2022.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/083e237d5166eb06a4af3db441f84982\" tg-width=\"640\" tg-height=\"356\"/></p><p><h2 style=\"text-align: start;\">The market index travels back in time and space 15 months ago</h2><p style=\"text-align: justify;\">As of the close of U.S. stocks on Friday, the S&P 500 index had gained five consecutive weeks of positive results, reporting 4,409 points. When the Federal Reserve started this rate hike cycle 15 months ago, the S&P closed at 4,358 points. The current S&P 500 index is higher than it was during the first rate hike on March 16, 2022.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02d7359049e4467a9f0aff05065fa3d2\" tg-width=\"640\" tg-height=\"1415\"/></p><p><p style=\"text-align: justify;\"><strong>Generally speaking, the tightening of liquidity by the Federal Reserve's rate hike, although not a direct factor leading to a bear market, will also lead to an adjustment in the broader market.</strong>In 2022, the sharp correction of U.S. stocks, especially technology stocks, can confirm this point. After the spring rate hike, U.S. stocks were sold off and fell into a bear market due to high inflation and rising borrowing costs, and economic recession forecasts spread in the market.</p><p><p style=\"text-align: justify;\">However, in the first half of this year, U.S. stocks rebounded sharply, driven by strong corporate earnings. Before entering the earnings season at the beginning of the year, Wall Street analysts had already slashed their expectations. As a result, strong results offset the pessimism after companies announced their earnings reports one after another.</p><p><p style=\"text-align: justify;\">According to FactSet data, as of the end of May, nearly 80% of U.S.-listed companies' first-quarter financial reports exceeded expectations, and the proportion hit a two-year high.</p><p><p style=\"text-align: justify;\">In addition, driven by the craze set off by ChatGPT, large technology stocks such as the seven sisters of the US stock market (Apple, Microsoft, Nvidia, Amazon, Meta, Tesla, and Google) continued to rise, driving the index up. In the first half of this year, the Nasdaq and S&P 500 rebounded and entered a technical bull market one after another.</p><p><p style=\"text-align: justify;\">At present,<strong>Although Federal Reserve Chairman Powell still insisted on being hawkish after the June interest rate meeting, the future path of monetary policy is highly certain. The market generally expects that the rate hike is nearing the end, and the Fed's tightening stance can no longer restrain the upward momentum of the market.</strong></p><p><p style=\"text-align: justify;\">Bloomberg quoted experts as saying,<strong>In the next 6-12 months, the importance of the Federal Reserve will be less and other global drivers and fundamentals will play a greater role.</strong></p><p><p style=\"text-align: justify;\">Furthermore, the impact of macro factors on stocks has fallen from 83% to 71% since March, the largest three-month decline since 2009, according to Citigroup's model.</p><p><h2 style=\"text-align: start;\">The US Dollar Index fell back simultaneously</h2><p style=\"text-align: justify;\">Meanwhile, the strength of the dollar has also waned, with the US Dollar Index currently trading near April 2022 levels, down nearly 10% from its all-time high.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/933da88b6af1b7ce7a54fb42e84aa2ec\" tg-width=\"640\" tg-height=\"833\"/></p><p><p style=\"text-align: justify;\"><strong>The US Dollar Index, which measures the fluctuation of the exchange rate of the US dollar against six major currencies, is sensitive to interest rate policy, which is usually positively correlated with the interest rate level, that is, rate hike pushes the US Dollar Index up, and vice versa.</strong></p><p><p style=\"text-align: justify;\">This can be observed in this rate hike cycle, which has lasted for 15 months and has accumulated 500 basis points. The Federal Reserve began its rate hike in March 22, followed by four consecutive aggressive rate hike of 75 basis points between June and September. The US Dollar Index rose from about 102 in early June to about 114 at the end of September, a cumulative increase of more than 11%. During this period, other currencies were under tremendous depreciation pressure. It was not until the recent debt ceiling crisis was resolved and the Fed's signal of suspending rate hike was clear that the US Dollar Index finally fell back.</p><p><p style=\"text-align: justify;\">Currently, the market expects two more 25 basis point or one 50 basis point rate hike by the end of this year. But the widely expected recession has not yet occurred, the U.S. economy appears to have withstood the brunt of rate hike, the labor market is resilient, and corporate balance sheets are mostly healthy.<strong>In their latest report, strategists at Bank of America raised their outlook for the U.S. stock market and became increasingly optimistic about the economic outlook. They predicted that if there was a recession, it would be relatively mild.</strong></p><p></body></html></p>","source":"live_wallstreetcn","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>Rate hike \"invalid\"? U.S. stocks have risen back, and the dollar has also fallen back</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\">\nRate hike \"invalid\"? U.S. stocks have risen back, and the dollar has also fallen back\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\">2023-06-18 20:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Looking back at the node when the Federal Reserve suspended rate hike in June, we can find such a magical scene: the performance of the U.S. stock market and the U.S. dollar has hardly changed compared to the beginning of the rate hike cycle in early 2022.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/083e237d5166eb06a4af3db441f84982\" tg-width=\"640\" tg-height=\"356\"/></p><p><h2 style=\"text-align: start;\">The market index travels back in time and space 15 months ago</h2><p style=\"text-align: justify;\">As of the close of U.S. stocks on Friday, the S&P 500 index had gained five consecutive weeks of positive results, reporting 4,409 points. When the Federal Reserve started this rate hike cycle 15 months ago, the S&P closed at 4,358 points. The current S&P 500 index is higher than it was during the first rate hike on March 16, 2022.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02d7359049e4467a9f0aff05065fa3d2\" tg-width=\"640\" tg-height=\"1415\"/></p><p><p style=\"text-align: justify;\"><strong>Generally speaking, the tightening of liquidity by the Federal Reserve's rate hike, although not a direct factor leading to a bear market, will also lead to an adjustment in the broader market.</strong>In 2022, the sharp correction of U.S. stocks, especially technology stocks, can confirm this point. After the spring rate hike, U.S. stocks were sold off and fell into a bear market due to high inflation and rising borrowing costs, and economic recession forecasts spread in the market.</p><p><p style=\"text-align: justify;\">However, in the first half of this year, U.S. stocks rebounded sharply, driven by strong corporate earnings. Before entering the earnings season at the beginning of the year, Wall Street analysts had already slashed their expectations. As a result, strong results offset the pessimism after companies announced their earnings reports one after another.</p><p><p style=\"text-align: justify;\">According to FactSet data, as of the end of May, nearly 80% of U.S.-listed companies' first-quarter financial reports exceeded expectations, and the proportion hit a two-year high.</p><p><p style=\"text-align: justify;\">In addition, driven by the craze set off by ChatGPT, large technology stocks such as the seven sisters of the US stock market (Apple, Microsoft, Nvidia, Amazon, Meta, Tesla, and Google) continued to rise, driving the index up. In the first half of this year, the Nasdaq and S&P 500 rebounded and entered a technical bull market one after another.</p><p><p style=\"text-align: justify;\">At present,<strong>Although Federal Reserve Chairman Powell still insisted on being hawkish after the June interest rate meeting, the future path of monetary policy is highly certain. The market generally expects that the rate hike is nearing the end, and the Fed's tightening stance can no longer restrain the upward momentum of the market.</strong></p><p><p style=\"text-align: justify;\">Bloomberg quoted experts as saying,<strong>In the next 6-12 months, the importance of the Federal Reserve will be less and other global drivers and fundamentals will play a greater role.</strong></p><p><p style=\"text-align: justify;\">Furthermore, the impact of macro factors on stocks has fallen from 83% to 71% since March, the largest three-month decline since 2009, according to Citigroup's model.</p><p><h2 style=\"text-align: start;\">The US Dollar Index fell back simultaneously</h2><p style=\"text-align: justify;\">Meanwhile, the strength of the dollar has also waned, with the US Dollar Index currently trading near April 2022 levels, down nearly 10% from its all-time high.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/933da88b6af1b7ce7a54fb42e84aa2ec\" tg-width=\"640\" tg-height=\"833\"/></p><p><p style=\"text-align: justify;\"><strong>The US Dollar Index, which measures the fluctuation of the exchange rate of the US dollar against six major currencies, is sensitive to interest rate policy, which is usually positively correlated with the interest rate level, that is, rate hike pushes the US Dollar Index up, and vice versa.</strong></p><p><p style=\"text-align: justify;\">This can be observed in this rate hike cycle, which has lasted for 15 months and has accumulated 500 basis points. The Federal Reserve began its rate hike in March 22, followed by four consecutive aggressive rate hike of 75 basis points between June and September. The US Dollar Index rose from about 102 in early June to about 114 at the end of September, a cumulative increase of more than 11%. During this period, other currencies were under tremendous depreciation pressure. It was not until the recent debt ceiling crisis was resolved and the Fed's signal of suspending rate hike was clear that the US Dollar Index finally fell back.</p><p><p style=\"text-align: justify;\">Currently, the market expects two more 25 basis point or one 50 basis point rate hike by the end of this year. But the widely expected recession has not yet occurred, the U.S. economy appears to have withstood the brunt of rate hike, the labor market is resilient, and corporate balance sheets are mostly healthy.<strong>In their latest report, strategists at Bank of America raised their outlook for the U.S. stock market and became increasingly optimistic about the economic outlook. They predicted that if there was a recession, it would be relatively mild.</strong></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3691390\">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/55eb327f580527889cf30bafa92692ae","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3691390","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1156309203","content_text":"站在六月美联储暂停加息的节点回看，可以发现这样一幕神奇的景象：美股大盘和美元的表现，相比22年初加息周期开始时几乎没有变化。大盘指数时空穿越 回到15个月前截至周五美股收盘，标普500指数收获五周连阳，报4409点。当15个月前，美联储开启本轮加息周期时，标普大盘收于4358点。现在的标普500指数，比2022年3月16日第一次加息时还要高。通常来说，美联储加息收紧流动性，尽管不是导致熊市的直接因素，但也会导致大盘的调整。2022年，美国股市尤其是科技股的大幅调整可以印证这一点。在春天的加息之后，由于高通膨和借贷成本攀升，美国股票遭到抛售而落入熊市，经济衰退预测更是在市场中扩散。但是，今年上半年，在强劲的企业盈利推动下，美股大幅反弹。在年初进入财报季之前，华尔街分析师原本已经大幅下调预期，结果，在企业陆续公布财报后，强劲业绩抵消了悲观情绪。FactSet的数据显示，截至5月底，近80%美股上市公司第一季度财报超出预期，比例创下2年来新高。此外，在ChatGPT掀起的热潮推动下，美股七姐妹（苹果、微软、英伟达、亚马逊、Meta、特斯拉和谷歌）等大型科技股持续走高，拉动指数上升。今年上半年，纳指和标普500指数出现反弹，相继进入技术性牛市。目前来看，尽管在六月议息会议后美联储主席鲍威尔依然坚持放鹰，但货币政策的未来路径已有很高确定性，市场普遍预计加息已经临近终点，联储的紧缩立场已经无法再抑制市场的上行动力。彭博社援引专家说法称，未来6-12个月，美联储的重要性会降低，其他全球驱动因素和基本面因素将发挥更大的作用。此外，根据花旗集团的模型，自3月以来，宏观因素对股市的影响已从83%降至71%，这是2009年以来最大的三个月降幅。美元指数同步回落与此同时，美元的强势也有所减弱，美元指数目前在2022年4月的水平附近交易，较其历史高点下降了近10%。衡量美元对六种主要货币汇率波动的美元指数对利率政策较为敏感，通常与利率水平呈正相关关系，即加息推动美元指数上涨，反之则下跌。在本轮已持续15个月、累计500基点的加息周期中，可以观察到这一点。美联储自22年3月开始加息，随后在6月至9月期间，连续四次激进加息75个基点。美元指数从6月初的约102涨至9月末的约114，累计涨幅超过11%。期间其他货币承受了巨大的贬值压力。直到近期债务上限危机解决、美联储暂停加息信号明确，美元指数才终于回落。目前，市场预计，到今年年底前还会有两次25个基点或一次50个基点的加息。但此前普遍预计的衰退尚还没有发生，美国经济似乎已经承受了加息的冲击，劳动力市场富有弹性，企业资产负债表大多健康。美银的策略师在最新报告中提升了他们对美股市场的展望，并对经济前景越来越乐观，他们预测，如果出现经济衰退，也会相对温和。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2854,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9979025074,"gmtCreate":1685289510398,"gmtModify":1685289514106,"author":{"id":"3581663680495191","authorId":"3581663680495191","name":"yuliang559","avatar":"https://static.tigerbbs.com/2769f9b0cdb3c39664fc7b74a5de5f0d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581663680495191","idStr":"3581663680495191"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9979025074","repostId":"1169636070","repostType":2,"repost":{"id":"1169636070","kind":"news","pubTimestamp":1685276505,"share":"https://ttm.financial/m/news/1169636070?lang=en_US&edition=fundamental","pubTime":"2023-05-28 20:21","market":"us","language":"zh","title":"U.S. debt default crisis: preliminary agreement reached, but alarm is far from lifted","url":"https://stock-news.laohu8.com/highlight/detail?id=1169636070","media":"华尔街见闻","summary":"闯关国会，又是一场“恶仗”。经过数周的激烈谈判，美国两党终于在周六晚间就解决美国债务上限问题达成“原则性协议”。不过，这份协议还需得到美国国会的快速通过，才能真正解除本次美债违约的“警报”。而这，又将","content":"<p><html><head></head><body><strong>Breaking through Congress is another \"evil battle\".</strong><p style=\"text-align: justify;\">After weeks of intense negotiations, the two parties in the United States finally reached an \"agreement in principle\" on resolving the U.S. debt ceiling issue on Saturday night. However, this agreement still needs to be quickly passed by the U.S. Congress before it can truly lift the \"alarm\" of this U.S. debt default. And this will be another \"evil battle\".</p><p><p style=\"text-align: justify;\">After the initial agreement was reached, Biden said it represented a \"compromise\" for him, while Republican House Speaker McCarthy said the agreement \"made historic cuts in spending.\"</p><p><p style=\"text-align: justify;\">Looking back at this round of the U.S. debt ceiling game, it is not difficult to find that the contradiction between the two sides is that Republicans hope to reach an agreement to significantly reduce government spending while adjusting the debt ceiling; Democrats, on the other hand, insist on adjusting the debt ceiling relatively independently and are unwilling to make too many concessions in spending cuts.</p><p><p style=\"text-align: justify;\">Many analysts believe that the product of this compromise may not satisfy the more radical members of the Republican Party, nor satisfy the left wing of the Democratic Party:</p><p>\"The cuts in the package are almost certainly both too modest to win a vote from hard-line conservatives and too harsh to win a vote from radicals in the House.\"<p style=\"text-align: justify;\">Therefore, many media commented that the prospect of the agreement in both the Senate and the House of Representatives may be \"bumpy\". CCTV News quoted the Washington Post as saying that it is a \"difficult task\" to pass the agreement in the current \"troubled and divided\" Congress in a short time.</p><p><p style=\"text-align: justify;\">According to the timetable given by McCarthy, the House of Representatives will vote next Wednesday (May 31), and then send it to the Senate for meeting. The U.S. Treasury Department said on Friday that if the U.S. Congress fails to pass the agreement in time, the government will default on its debt on June 5th.</p><p><p style=\"text-align: justify;\">Therefore, the U.S. Congress must successfully vote to pass relevant bills before the \"X Date\" in order to avoid debt default in the United States. If there is a \"slight difference\" in the votes of the two houses next week, the potential risk of \"technical default\" of U.S. debt will be far from disappearing.</p><p><h2>\"Bipartisan cooperation\" is a must, and \"getting rid of the thorns\" is the key</h2><p style=\"text-align: justify;\">After the mid-term elections in 2022, the Democratic Party and the Republican Party control the U.S. Senate and House of Representatives respectively. Therefore, the two parties must reach \"cooperation\" before the relevant bills can be passed in both houses.</p><p><p style=\"text-align: justify;\">However, as mentioned earlier, the contradiction between the two sides is that it may be difficult for radical members of both parties to reach concessions on the bill, and senators from each party may find different reasons to oppose the bill-some far-right Republicans may think that the spending cuts are insufficient, while some left-wing politicians of the Democratic Party may feel that they have made too many concessions to Republicans.</p><p><p style=\"text-align: justify;\">Therefore, on the basis of the \"bipartisan cooperation\" reached by Biden and McCarthy, whether these \"thorny\" lawmakers can be dealt with is the key to solving the problem.</p><p><p style=\"text-align: justify;\">According to Politico's previous report, White House officials have informally counted that in the event of losing a portion of the Republican vote,<strong>McCarthy may need as many as 100 Democratic votes to secure a 218 majority for the final debt ceiling agreement-ensuring that the agreement can pass the House of Representatives.</strong></p><p><p style=\"text-align: justify;\">It is worth mentioning that if the bill is seriously blocked in the House of Representatives, Democrats can also adopt an emergency strategy that is rarely used-\"lifting the petition\" to make a \"clean\" adjustment, and there should be no strings attached to the debt ceiling. vote. However, this parliamentary strategy is even more hopeless-although Democrats support this approach, they need to persuade enough Republican majorities to join, otherwise they will not succeed.</p><p><p style=\"text-align: justify;\">Furthermore, Biden could try to invoke the untested legal theory of the 14th Amendment to the U.S. Constitution, which states that \"the validity of the U.S. public debt … must not be challenged,\" thereby clearing the way for him to authorize more borrowing. This could be immediately challenged in court, though.</p><p><p style=\"text-align: justify;\">If passed in the House, the bill would go to the Senate.<strong>In the Senate, this bill needs the support of at least nine Republicans to get 60 out of 100 votes to continue to push the legislation.</strong></p><p><p style=\"text-align: justify;\">In the Democratic-controlled Senate, Majority Leader Chuck Schumer has full control over when the bill will be voted on, media analysis said. However, individual senators can delay the process by insisting on procedural operations, including a 30-hour debate on whether to start debate first, and another 30-hour debate on the bill itself.</p><p><p style=\"text-align: justify;\">The Senate needs to pass the bill without changing the House bill. Otherwise, it will have to be knocked back to the House to restart a new round of voting.</p><p><p style=\"text-align: justify;\">It is worth mentioning that if there is a 50-50 tie in the Senate, Vice President Kamala Harris can vote to pass 51-50.</p><p><p style=\"text-align: justify;\">Only after both House and Senate pass the agreement can it be submitted to the White House and signed into law by Biden. Only by quickly completing this legislation can the \"alarm\" of U.S. debt default be successfully lifted.</p><p><h2>Timeline of this round of \"U.S. debt ceiling game\"</h2><p style=\"text-align: justify;\">On January 13, 2023, U.S. Treasury Secretary Yellen sent a letter to Congress stating that the United States will hit the statutory debt ceiling of $31.4 trillion on January 19, and the Treasury Department will begin to take some \"extraordinary measures\", cash and \"extraordinary measures\" \"may support until early June.</p><p><p style=\"text-align: justify;\">It is worth mentioning that it is not uncommon for U.S. debt to hit the upper limit, but this time the market panic is relatively rare. The reason may be related to the current extremely tight monetary policy in the United States, regional banking crisis and recession expectations. The frequent reminders of U.S. Treasury Secretary Yellen further ignited this panic.</p><p><p style=\"text-align: justify;\">On January 13, Yellen sent a letter to Congress that \"extraordinary measures\" would be taken on January 19; On April 25, U.S. Treasury Secretary Yellen delivered a speech warning that if the U.S. debt ceiling is not resolved, there will be serious consequences; On May 1 and May 15, Yellen sent letters to Congress formally warning that the default date was earlier than expected; On May 27, Yellen warned that if the U.S. Congress failed to pass the agreement in time, the government would default on its debt on June 5.</p><p><p style=\"text-align: justify;\">On the evening of May 27, U.S. President Biden and Congressional Republican Leader McCarthy reached a principled agreement on raising the federal government's debt ceiling of US $31.4 trillion. The media reported, citing people familiar with the matter,<strong>Negotiators from both sides agreed to raise the U.S. federal debt ceiling for two years, while cutting and limiting some government spending for two years, and keeping non-defense spending nearly flat for two years</strong>, the agreement did not mention the budget ceiling after 2025, and announced that the specific bill would be submitted to the House of Representatives for a vote on May 31.</p><p><p style=\"text-align: justify;\">According to estimates of the Council of Economic Advisers, an agency of the White House, if the U.S. debt defaults, the U.S. stock market will plummet by 45%. According to Moody's estimates, if the U.S. debt defaults, the U.S. unemployment rate will soar by 5 percentage points, which means that about 8 million Americans are unemployed. At the same time, governments restricted by the debt ceiling will not be able to cope with the economic downturn through fiscal stimulus, leading to a deeper recession.</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>U.S. debt default crisis: preliminary agreement reached, but alarm is far from lifted</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\">\nU.S. debt default crisis: preliminary agreement reached, but alarm is far from lifted\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\">2023-05-28 20:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><strong>Breaking through Congress is another \"evil battle\".</strong><p style=\"text-align: justify;\">After weeks of intense negotiations, the two parties in the United States finally reached an \"agreement in principle\" on resolving the U.S. debt ceiling issue on Saturday night. However, this agreement still needs to be quickly passed by the U.S. Congress before it can truly lift the \"alarm\" of this U.S. debt default. And this will be another \"evil battle\".</p><p><p style=\"text-align: justify;\">After the initial agreement was reached, Biden said it represented a \"compromise\" for him, while Republican House Speaker McCarthy said the agreement \"made historic cuts in spending.\"</p><p><p style=\"text-align: justify;\">Looking back at this round of the U.S. debt ceiling game, it is not difficult to find that the contradiction between the two sides is that Republicans hope to reach an agreement to significantly reduce government spending while adjusting the debt ceiling; Democrats, on the other hand, insist on adjusting the debt ceiling relatively independently and are unwilling to make too many concessions in spending cuts.</p><p><p style=\"text-align: justify;\">Many analysts believe that the product of this compromise may not satisfy the more radical members of the Republican Party, nor satisfy the left wing of the Democratic Party:</p><p>\"The cuts in the package are almost certainly both too modest to win a vote from hard-line conservatives and too harsh to win a vote from radicals in the House.\"<p style=\"text-align: justify;\">Therefore, many media commented that the prospect of the agreement in both the Senate and the House of Representatives may be \"bumpy\". CCTV News quoted the Washington Post as saying that it is a \"difficult task\" to pass the agreement in the current \"troubled and divided\" Congress in a short time.</p><p><p style=\"text-align: justify;\">According to the timetable given by McCarthy, the House of Representatives will vote next Wednesday (May 31), and then send it to the Senate for meeting. The U.S. Treasury Department said on Friday that if the U.S. Congress fails to pass the agreement in time, the government will default on its debt on June 5th.</p><p><p style=\"text-align: justify;\">Therefore, the U.S. Congress must successfully vote to pass relevant bills before the \"X Date\" in order to avoid debt default in the United States. If there is a \"slight difference\" in the votes of the two houses next week, the potential risk of \"technical default\" of U.S. debt will be far from disappearing.</p><p><h2>\"Bipartisan cooperation\" is a must, and \"getting rid of the thorns\" is the key</h2><p style=\"text-align: justify;\">After the mid-term elections in 2022, the Democratic Party and the Republican Party control the U.S. Senate and House of Representatives respectively. Therefore, the two parties must reach \"cooperation\" before the relevant bills can be passed in both houses.</p><p><p style=\"text-align: justify;\">However, as mentioned earlier, the contradiction between the two sides is that it may be difficult for radical members of both parties to reach concessions on the bill, and senators from each party may find different reasons to oppose the bill-some far-right Republicans may think that the spending cuts are insufficient, while some left-wing politicians of the Democratic Party may feel that they have made too many concessions to Republicans.</p><p><p style=\"text-align: justify;\">Therefore, on the basis of the \"bipartisan cooperation\" reached by Biden and McCarthy, whether these \"thorny\" lawmakers can be dealt with is the key to solving the problem.</p><p><p style=\"text-align: justify;\">According to Politico's previous report, White House officials have informally counted that in the event of losing a portion of the Republican vote,<strong>McCarthy may need as many as 100 Democratic votes to secure a 218 majority for the final debt ceiling agreement-ensuring that the agreement can pass the House of Representatives.</strong></p><p><p style=\"text-align: justify;\">It is worth mentioning that if the bill is seriously blocked in the House of Representatives, Democrats can also adopt an emergency strategy that is rarely used-\"lifting the petition\" to make a \"clean\" adjustment, and there should be no strings attached to the debt ceiling. vote. However, this parliamentary strategy is even more hopeless-although Democrats support this approach, they need to persuade enough Republican majorities to join, otherwise they will not succeed.</p><p><p style=\"text-align: justify;\">Furthermore, Biden could try to invoke the untested legal theory of the 14th Amendment to the U.S. Constitution, which states that \"the validity of the U.S. public debt … must not be challenged,\" thereby clearing the way for him to authorize more borrowing. This could be immediately challenged in court, though.</p><p><p style=\"text-align: justify;\">If passed in the House, the bill would go to the Senate.<strong>In the Senate, this bill needs the support of at least nine Republicans to get 60 out of 100 votes to continue to push the legislation.</strong></p><p><p style=\"text-align: justify;\">In the Democratic-controlled Senate, Majority Leader Chuck Schumer has full control over when the bill will be voted on, media analysis said. However, individual senators can delay the process by insisting on procedural operations, including a 30-hour debate on whether to start debate first, and another 30-hour debate on the bill itself.</p><p><p style=\"text-align: justify;\">The Senate needs to pass the bill without changing the House bill. Otherwise, it will have to be knocked back to the House to restart a new round of voting.</p><p><p style=\"text-align: justify;\">It is worth mentioning that if there is a 50-50 tie in the Senate, Vice President Kamala Harris can vote to pass 51-50.</p><p><p style=\"text-align: justify;\">Only after both House and Senate pass the agreement can it be submitted to the White House and signed into law by Biden. Only by quickly completing this legislation can the \"alarm\" of U.S. debt default be successfully lifted.</p><p><h2>Timeline of this round of \"U.S. debt ceiling game\"</h2><p style=\"text-align: justify;\">On January 13, 2023, U.S. Treasury Secretary Yellen sent a letter to Congress stating that the United States will hit the statutory debt ceiling of $31.4 trillion on January 19, and the Treasury Department will begin to take some \"extraordinary measures\", cash and \"extraordinary measures\" \"may support until early June.</p><p><p style=\"text-align: justify;\">It is worth mentioning that it is not uncommon for U.S. debt to hit the upper limit, but this time the market panic is relatively rare. The reason may be related to the current extremely tight monetary policy in the United States, regional banking crisis and recession expectations. The frequent reminders of U.S. Treasury Secretary Yellen further ignited this panic.</p><p><p style=\"text-align: justify;\">On January 13, Yellen sent a letter to Congress that \"extraordinary measures\" would be taken on January 19; On April 25, U.S. Treasury Secretary Yellen delivered a speech warning that if the U.S. debt ceiling is not resolved, there will be serious consequences; On May 1 and May 15, Yellen sent letters to Congress formally warning that the default date was earlier than expected; On May 27, Yellen warned that if the U.S. Congress failed to pass the agreement in time, the government would default on its debt on June 5.</p><p><p style=\"text-align: justify;\">On the evening of May 27, U.S. President Biden and Congressional Republican Leader McCarthy reached a principled agreement on raising the federal government's debt ceiling of US $31.4 trillion. The media reported, citing people familiar with the matter,<strong>Negotiators from both sides agreed to raise the U.S. federal debt ceiling for two years, while cutting and limiting some government spending for two years, and keeping non-defense spending nearly flat for two years</strong>, the agreement did not mention the budget ceiling after 2025, and announced that the specific bill would be submitted to the House of Representatives for a vote on May 31.</p><p><p style=\"text-align: justify;\">According to estimates of the Council of Economic Advisers, an agency of the White House, if the U.S. debt defaults, the U.S. stock market will plummet by 45%. According to Moody's estimates, if the U.S. debt defaults, the U.S. unemployment rate will soar by 5 percentage points, which means that about 8 million Americans are unemployed. At the same time, governments restricted by the debt ceiling will not be able to cope with the economic downturn through fiscal stimulus, leading to a deeper recession.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3689787\">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/41f81b99b97a59da55dd70fd1af475cb","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://wallstreetcn.com/articles/3689787","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169636070","content_text":"闯关国会，又是一场“恶仗”。经过数周的激烈谈判，美国两党终于在周六晚间就解决美国债务上限问题达成“原则性协议”。不过，这份协议还需得到美国国会的快速通过，才能真正解除本次美债违约的“警报”。而这，又将是一场“恶仗”。在协议初步达成后，拜登表示，对他而言这代表了“妥协”，而共和党籍的众议院议长麦卡锡则表示，协议“在开支方面做了历史性的削减”。回顾本轮美债上限博弈，不难发现双方的矛盾点在于，共和党人希望在调整债务上限的同时，达成大幅削减政府开支的协议；而民主党人则坚持相对独立地调整债务上限，不愿在削减开支方面做出太大让步。不少分析认为，这份妥协的产物恐怕既无法满足共和党内立场更为激进的议员，又无法令民主党左翼感到满意：“几乎可以肯定的是，一揽子计划中的削减措施既过于温和，无法赢得强硬保守派的投票，又过于严厉，无法赢得众议院激进派的投票。”因此，不少媒体评论称，该协议在参众两院的前景可能都将“崎岖不平”。央视新闻援引《华盛顿邮报》评论称，短时间内在当前这个“容易陷入困境且分裂的”国会通过协议是一项“艰难的任务”。按麦卡锡给出的时间表，众议院将在下周三（5月31日）进行投票，随后送往参议院过会。而美国财政部本周五曾表示，如果美国国会不能及时通过协议，政府将会在6月5日出现债务违约。因此，美国国会必须成功在“X Date”前投票通过相关法案，才能避免美国出现债务违约。如果下周两院投票“稍有差池”，美债“技术性违约”的潜在风险就远远谈不上消失。“两党合作”是必须，“搞定刺头”是关键2022年中期选举后，民主党和共和党分别控制着美国会参议院和众议院，因此两党必须达成“合作”，才有可能使相关法案在两院都获得通过。不过，如前所述，双方的矛盾点在于，双方党内激进派议员可能很难就法案达成让步，来自每个党派的参议员可能会找到不同的理由反对该法案——部分极右翼共和党人可能会认为支出削减不够充分，而部分民主党左翼政客可能会觉得他们向共和党人让步太多。因此，在拜登和麦卡锡达成“两党合作”的基础上，能否搞定这些“刺头”议员，是解决问题的关键。据Politico此前报道，白宫官员曾非正式地计算过，在失去共和党一部分选票的情况下，麦卡锡可能需要获得多达100张民主党选票，才能以确保最终的债务上限协议取得218多数票——确保协议能够在众议院获得通过。值得一提的是，如果法案在众议院严重遇阻，民主党人还可以采取一种很少使用的紧急策略——“解除请愿书”，以“清洁”调整，不应该有附加条件的方式对债务上限进行投票。不过，这项议会策略更是希望渺茫——尽管民主党人支持这一做法，但需要说服足够多的共和党多数派加入，否则无法成功。此外，拜登可以尝试援引美国宪法第14修正案的未经检验的法律理论，该修正案规定“美国公共债务的有效性……不得被质疑”，从而为他授权更多借款扫清了道路。不过，这可能会立即在法庭上受到质疑。如果在众议院获得通过，该法案将提交参议院。在参议院，这项法案需要至少9名共和党人的支持，才能取得100票中的60票支持，从而继续推动立法。媒体分析称，在民主党控制的参议院，多数党领袖查克·舒默(Chuck Schumer)对该法案何时进行投票拥有完全控制权。但是，个别参议员可以通过坚持程序性操作来延缓这一进程，包括就是否开始辩论先进行30个小时的辩论，以及就法案本身再进行30个小时的辩论。而参议院需要在不改变众议院议案的情况下通过该法案。否则，它将不得不被打回众议院重新开始新一轮投票。值得一提的是，如果参议院出现50-50的平局，副总统卡玛拉·哈里斯可以投票以51-50通过。只有在参众两院都取得通过后，该协议方能提交白宫，由拜登签署成为法律。而只有快速完成这一立法，本次美债违约的“警报”才能顺利解除。本轮“美债上限博弈”时间线2023年1月13日，美国财政部长耶伦致信国会称，美国将在1月19日触及31.4万亿美元的法定债务上限，财政部将开始采取一些“非常措施”，现金和“非常措施”可能会支持到6月初。值得一提的是，美债触及上限并不罕见，但这次市场恐慌情绪之浓较为罕见。究其原因，可能和当前美国极其紧缩的货币政策、地区银行危机与衰退预期有关。而美财长耶伦的频频提醒，又进一步点燃了这一恐慌。1月13日耶伦致信国会将会在1月19日采取“非常措施”；4月25日，美财长耶伦发表演讲，警告美债上限不解决会产生严重后果；5月1日和5月15日，耶伦致信国会，正式警告违约日期比预期更早；5月27日，耶伦又警告称表示，如果美国国会不能及时通过协议，政府将会在6月5日出现债务违约。5月27日晚，美国总统拜登和国会共和党领袖麦卡锡已就提高联邦政府31.4万亿美元的债务上限达成原则性协议，媒体援引知情人士消息报道，双方谈判代表同意将美国联邦债务上限提高两年，同时将削减和限制两年内部分政府支出，非国防支出在2年内保持接近持平，协议中并未提及2025年后的预算上限，宣布具体法案于5月31日交由众议院表决。据白宫的一个机构经济顾问委员会估计，如果美债发生违约，美国股市将暴跌 45%。另据穆迪估计，若美债违约，那么美国失业率将飙升5个百分点，这意味着大约800万美国人失业。同时，受债务上限限制的政府将无法通过财政刺激应对经济低迷，从而导致更严重的衰退。","news_type":1,"symbols_score_info":{".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970507343,"gmtCreate":1684566896483,"gmtModify":1684566900530,"author":{"id":"3581663680495191","authorId":"3581663680495191","name":"yuliang559","avatar":"https://static.tigerbbs.com/2769f9b0cdb3c39664fc7b74a5de5f0d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581663680495191","idStr":"3581663680495191"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970507343","repostId":"1134825236","repostType":2,"repost":{"id":"1134825236","kind":"news","pubTimestamp":1684547417,"share":"https://ttm.financial/m/news/1134825236?lang=en_US&edition=fundamental","pubTime":"2023-05-20 09:50","market":"sh","language":"zh","title":"\"Extreme Game\"! US debt ceiling talks'end fruitlessly 'on Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=1134825236","media":"华尔街见闻","summary":"美国白宫与共和党谈判代表周五就提高债务上限举行的第二次会议结束，双方均未提及任何进展，也没有安排进一步的会议。据报道，债务上限僵局集中在2024年的支出水平上。据路透报道，美国白宫与共和党谈判代表周五","content":"<p><html><head></head><body>The second meeting between the White House and Republican negotiators on raising the debt ceiling ended on Friday, with neither side mentioning any progress and no further meetings scheduled. The debt ceiling standoff is reportedly focused on spending levels in 2024.<p style=\"text-align: justify;\">According to Reuters, the second meeting between the White House and Republican negotiators on raising the debt ceiling ended on Friday. Neither side mentioned any progress and no further meetings were scheduled.</p><p><p style=\"text-align: justify;\">Republican Rep. garrett Graves told reporters after a brief meeting with White House officials at the Capitol:</p><p>\"We had a very, very candid discussion about where we are and how things need to go.\"<p style=\"text-align: justify;\">\"Tonight is not a negotiation,\" Graves said, adding,<strong>The time for the next meeting has not yet been set.</strong></p><p><p style=\"text-align: justify;\"><strong>He agreed with McCarthy, the leader of the US Republican Party and Speaker of the House of Representatives, that progress needs to be made in changing the \"trajectory\" of the US government's rapidly rising deficit spending and debt.</strong></p><p><p style=\"text-align: justify;\">\"We have to spend less than we did last year,\" McCarthy said.</p><p><p style=\"text-align: justify;\">Another Republican negotiator, Rep. Patrick McHenry, said McCarthy will be briefed on the progress of the negotiations.</p><p><p style=\"text-align: justify;\"><strong>Neither member of Parliament mentioned any progress.</strong></p><p><p style=\"text-align: justify;\">At the first meeting Friday morning, McCarthy's debt ceiling negotiators abruptly left shortly after a closed-door meeting with White House representatives began.</p><p><p style=\"text-align: justify;\">The news rocked financial markets as the debt ceiling deadline loomed.</p><p><h2>Focus Controversy: Spending Levels in 2024</h2><p style=\"text-align: justify;\">Republicans are pushing for deep spending cuts in exchange for raising the cap.</p><p><p style=\"text-align: justify;\">The debt ceiling impasse focuses on spending levels in 2024.</p><p><p style=\"text-align: justify;\">According to previous reports by media Axios, Democratic Rep. Dusty Johnson said:</p><p><p style=\"text-align: justify;\">\"The White House wants to keep spending more money, and as long as that's their position, there's no way to reach a deal.\"</p><p><p style=\"text-align: justify;\">Johnson said McCarthy \"stuck\" with Republican demands to limit discretionary spending to 2022 levels.</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>\"Extreme Game\"! US debt ceiling talks'end fruitlessly 'on Friday</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\">\n\"Extreme Game\"! US debt ceiling talks'end fruitlessly 'on Friday\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\">2023-05-20 09:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The second meeting between the White House and Republican negotiators on raising the debt ceiling ended on Friday, with neither side mentioning any progress and no further meetings scheduled. The debt ceiling standoff is reportedly focused on spending levels in 2024.<p style=\"text-align: justify;\">According to Reuters, the second meeting between the White House and Republican negotiators on raising the debt ceiling ended on Friday. Neither side mentioned any progress and no further meetings were scheduled.</p><p><p style=\"text-align: justify;\">Republican Rep. garrett Graves told reporters after a brief meeting with White House officials at the Capitol:</p><p>\"We had a very, very candid discussion about where we are and how things need to go.\"<p style=\"text-align: justify;\">\"Tonight is not a negotiation,\" Graves said, adding,<strong>The time for the next meeting has not yet been set.</strong></p><p><p style=\"text-align: justify;\"><strong>He agreed with McCarthy, the leader of the US Republican Party and Speaker of the House of Representatives, that progress needs to be made in changing the \"trajectory\" of the US government's rapidly rising deficit spending and debt.</strong></p><p><p style=\"text-align: justify;\">\"We have to spend less than we did last year,\" McCarthy said.</p><p><p style=\"text-align: justify;\">Another Republican negotiator, Rep. Patrick McHenry, said McCarthy will be briefed on the progress of the negotiations.</p><p><p style=\"text-align: justify;\"><strong>Neither member of Parliament mentioned any progress.</strong></p><p><p style=\"text-align: justify;\">At the first meeting Friday morning, McCarthy's debt ceiling negotiators abruptly left shortly after a closed-door meeting with White House representatives began.</p><p><p style=\"text-align: justify;\">The news rocked financial markets as the debt ceiling deadline loomed.</p><p><h2>Focus Controversy: Spending Levels in 2024</h2><p style=\"text-align: justify;\">Republicans are pushing for deep spending cuts in exchange for raising the cap.</p><p><p style=\"text-align: justify;\">The debt ceiling impasse focuses on spending levels in 2024.</p><p><p style=\"text-align: justify;\">According to previous reports by media Axios, Democratic Rep. Dusty Johnson said:</p><p><p style=\"text-align: justify;\">\"The White House wants to keep spending more money, and as long as that's their position, there's no way to reach a deal.\"</p><p><p style=\"text-align: justify;\">Johnson said McCarthy \"stuck\" with Republican demands to limit discretionary spending to 2022 levels.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3689223\">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/92ece06f0d5f47ced3643ec6cfcc433e","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3689223","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134825236","content_text":"美国白宫与共和党谈判代表周五就提高债务上限举行的第二次会议结束，双方均未提及任何进展，也没有安排进一步的会议。据报道，债务上限僵局集中在2024年的支出水平上。据路透报道，美国白宫与共和党谈判代表周五就提高债务上限举行的第二次会议结束，双方均未提及任何进展，也没有安排进一步的会议。共和党众议员格雷夫斯(garrett Graves)在国会大厦与白宫官员举行简短会晤后对记者说：“我们进行了非常、非常坦诚的讨论，讨论了我们的现状，讨论了事情需要如何发展。”“今晚不是一次谈判，”格雷夫斯说，并补充说，下一次会议的时间尚未确定。他赞同美国共和党领袖、众议院议长麦卡锡的说法，即需要在改变美国政府赤字支出和债务迅速上升的“轨迹”方面取得进展。麦卡锡说：“我们的支出必须比去年少。”另一位共和党谈判代表、众议员Patrick McHenry说，麦卡锡将听取有关谈判进展的简报。两位议员都没有提到任何进展。在周五早上的第一次会议上，麦卡锡的债务上限谈判代表与白宫代表的闭门会议开始后不久便突然离开。随着债务上限最后期限的临近，这一消息震动了金融市场。焦点争议：2024年的支出水平共和党人正在推动大幅削减开支，以换取提高上限。债务上限僵局集中在2024年的支出水平上。据媒体Axios此前报道，民主党众议员Dusty Johnson表示：“白宫想继续花更多的钱，只要这是他们的立场，就不可能达成协议。”Johnson说，麦卡锡“坚持”共和党要求将可自由支配的支出限制在2022年的水平。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970221454,"gmtCreate":1684496524678,"gmtModify":1684496528378,"author":{"id":"3581663680495191","authorId":"3581663680495191","name":"yuliang559","avatar":"https://static.tigerbbs.com/2769f9b0cdb3c39664fc7b74a5de5f0d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581663680495191","idStr":"3581663680495191"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970221454","repostId":"2336951950","repostType":2,"isVote":1,"tweetType":1,"viewCount":2149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970370921,"gmtCreate":1684078911363,"gmtModify":1684078913086,"author":{"id":"3581663680495191","authorId":"3581663680495191","name":"yuliang559","avatar":"https://static.tigerbbs.com/2769f9b0cdb3c39664fc7b74a5de5f0d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581663680495191","idStr":"3581663680495191"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970370921","repostId":"1154230640","repostType":2,"repost":{"id":"1154230640","kind":"news","weMediaInfo":{"introduction":"致力于提供最及时的财经资讯，最专业的解读分析，覆盖宏观经济、金融机构、A股市场、上市公司、投资理财等财经领域。","home_visible":1,"media_name":"券商中国","id":"9","head_image":"https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f"},"pubTimestamp":1684060454,"share":"https://ttm.financial/m/news/1154230640?lang=en_US&edition=fundamental","pubTime":"2023-05-14 18:34","market":"sh","language":"zh","title":"Buy it at 2800 and set it at 3400? 90% of funds underperformed the market during the year. Who caught the bull market?","url":"https://stock-news.laohu8.com/highlight/detail?id=1154230640","media":"券商中国","summary":"大盘在涨，账户却在亏损！开年以来，上证指数上涨5.93%，更是一度冲上3400点，沪深300指数上涨1.71%，人工智能、中特估等热门概念股涨势喜人。然而，投资者们感受却颇有不同，亦有网友调侃，“大盘","content":"<p><html><head></head><body>The market is rising, but the account is losing money!</p><p><p style=\"text-align: justify;\">Since the beginning of the year, the Shanghai Composite Index has risen by 5.93%, and once reached 3,400 points. The Shanghai and Shenzhen 300 Index has risen by 1.71%. Popular concept stocks such as artificial intelligence and China Special Evaluation have seen gratifying gains. However, investors' feelings are quite different, and some netizens ridiculed, \"The market has risen so heartbreaking! Buy it at 2800 and set it at 3400!\".</p><p><p style=\"text-align: justify;\">Similarly, institutional investors failed to enjoy the 3400-point \"win\". Isolated from the structural market, most funds did not perform as well as the market index and missed this round of market. The performance of active equity funds is hardly optimistic.</p><p><p style=\"text-align: justify;\">Wind data shows that nearly 90% of active equity funds did not perform as well as the Shanghai Composite Index during the year, and nearly 60% of funds even suffered losses. However, fund products with good performance are sought after by Christians and have received a large number of subscriptions. In order to maintain the sustainability of good performance, these scarce high-quality funds control the management scale through purchase restrictions.</p><p><strong>90% of funds underperformed the market during the year</strong></p><p><p style=\"text-align: justify;\">Public Offering of Fund's performance during the year significantly underperformed various market indexes. Wind data shows that as of May 14, the partial stock hybrid fund index composed of more than 3,600 partial stock hybrid fund indexes (including C shares) has fallen by 3.25% this year.</p><p><p style=\"text-align: justify;\">Judging from the performance of Public Offering of Fund, it is not difficult to find that the overall profit-making effect of A-share investment this year is poor. Specifically, among the more than 4,200 active equity funds, more than 3,700 funds underperformed the Shanghai Composite Index, accounting for nearly 90%, of which more than 2,400 funds suffered performance losses, accounting for nearly 60%.</p><p><p style=\"text-align: justify;\">What makes holders depressed is that when the Shanghai Composite Index reached 3,400 points and hit a new high for the year, many holders suffered significant losses in their positions. As of May 10, 16 active equity funds had lost more than 20% during the year. More than 2,000 funds have even suffered losses for two consecutive years, including many tens of billions of fund products that have lost more than 20% for two consecutive years.</p><p><p style=\"text-align: justify;\">It is worth mentioning that, under the background of continuous market fluctuations and large-scale losses in fund product performance, the number of public funds whose funds have expired and liquidated has reached 97 since the beginning of this year, approaching the 100 mark, which is a historic small peak. Among them, equity funds have become the main force in liquidation, accounting for nearly 80%.</p><p><p style=\"text-align: justify;\">Insufficient scale is a common reason for fund liquidation. Some professionals said that in recent years, the market conditions have not been good, the performance and scale of mini-funds are difficult to improve, and the input and output are low. Fund managers have accelerated the survival of the fittest in the industry by liquidating mini-funds.</p><p><strong>Scarce high-quality funds limit purchases and control scale</strong></p><p><p style=\"text-align: justify;\">Although the overall performance of Public Offering of Fund products is not good, there are still many funds that have withstood market fluctuations, stepped out of independent trends, and continued to create value for holders.</p><p><p style=\"text-align: justify;\">Wind data shows that there are still 222 active equity funds whose performance has increased by more than 10% during the year. For example, among the funds with large product scale, Dong Chen's Huatai Beruifuli, Zhou Haidong's Huashang Advantage Industry, Hu Yibin's Huaan Media Internet, Xu Wenxing's China-Europe pension industry has all performed well.</p><p><p style=\"text-align: justify;\"><strong>During the period of market turmoil, the net value of many active equity funds has repeatedly hit new highs, such as Fan Kun's Rongtong Domestic Demand Driven AB, Jiang Cheng's Zhongtai Dividend Preferred One-Year Holding, Yang Xinxin's ICBC Select Balance and other 29 funds established for more than one year. The net value of the fund set a new record this month.</strong></p><p><p style=\"text-align: justify;\">In addition, during the market downturn, some well-known fund managers with high-quality performance did the opposite and controlled the management scale through purchase restrictions. Since May, funds managed by Bao Wuyu, Lin Yingrui, Zhou Zhishuo and Zhou Haidong have started the purchase restriction mode. Many of these funds have continuously lowered the purchase limit amount.</p><p><p style=\"text-align: justify;\">The announcement shows that the flexible allocation mix of the value margin of Invesco Great Wall, which Bao has no management, will be limited to 2 million yuan starting from May 5. The new blue-chip stock ticket of CCB Potential managed by Zhou Zhishuo is limited to 10,000 yuan since May 4th. The Chinese Business New Trend Preferred Flexible Allocation Hybrid Fund managed by Zhou Haidong has a purchase limit of 300,000 yuan starting from May 4.</p><p><p style=\"text-align: justify;\">During the market downturn, behind the fund purchase restriction is the pursuit of high-quality funds by holders. As the A-share market continues to fluctuate, the scarce high-quality funds attract a large number of holders to actively subscribe.</p><p><p style=\"text-align: justify;\">It is worth noting that when the A-share market fluctuates and adjusts, the inflow of funds is constantly accelerating. Wind data shows that as of May 10, since May, the share of ETFs has increased by 24 billion shares, the total share has reached 1.59 trillion shares, and the total scale has reached 1.69 trillion yuan. Among them, the total share of stock ETFs has increased by 19.342 billion shares, 4 consecutive months. Continuous net inflows.</p><p><strong>Opportunities in the A-share market far outweigh risks</strong></p><p><p style=\"text-align: justify;\">The fund underperformed the index on a large scale, which is considered to be the ultimate interpretation of structural market conditions such as artificial intelligence and special valuation, and is not the norm of the market. According to industry insiders, the opportunities in the medium-term A-share market far outweigh the risks.</p><p><p style=\"text-align: justify;\">Since the beginning of this year, the market trend has been relatively diverged. Yang Delong, chief economist of Qianhai Kaiyuan, said that with the arrival of the market in May, the style of the market has begun to switch, and investors have begun to pay attention to high-quality leading stocks with excellent performance. Consumption and new energy are expected to stop falling and rebound, taking over the baton of the market.</p><p><p style=\"text-align: justify;\">Deng Hequan, a senior strategist at China Merchants Fund, believes that stocks are still in the window of structural long positions. Overall, 2023 may be a process of rising the bottom and moving up the market center. Industries that have performed against the market in this round of adjustment may be expected to become the main line of investment throughout the year. At present, investors' policy expectations and geopolitical expectations are not high and sufficient, so there is not much room for index adjustment. Secondly, the occurrence of risk events will still change the expected attitude, distribution and aggravate the wait-and-see mood. Therefore, for stocks that avoid pure theme speculation, the next stage of opportunities may gradually transition to growth stocks that are expected to be revised upward and have low risk characteristics.</p><p><p style=\"text-align: justify;\">Regarding the market outlook, Bosera Fund believes that as the Federal Reserve's rate hike gradually comes to an end, the external liquidity pressure faced by A-shares gradually eases. As far as the global equity market is concerned, the macro environment faced by A-shares is relatively better; At present, the P/E of Shanghai Composite Index and Growth Enterprise Market Index are below the median level in the past three years, and the overall valuation is relatively low, which still has good medium and long-term investment value.</p><p><p style=\"text-align: justify;\">The stock market as a whole fluctuated in May. HSBC Jintrust said that structural opportunities occurred frequently and the valuation of the value sector was restored. At present, economic expectations are gradually recovering, valuations are still relatively low, and medium-and long-term capital allocation is in a good range. With the repair of the valuation of the low valuation sector, the market style may become more balanced.</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>Buy it at 2800 and set it at 3400? 90% of funds underperformed the market during the year. Who caught the bull market?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nBuy it at 2800 and set it at 3400? 90% of funds underperformed the market during the year. Who caught the bull market?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/9\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">券商中国 </p>\n<p class=\"h-time smaller\">2023-05-14 18:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The market is rising, but the account is losing money!</p><p><p style=\"text-align: justify;\">Since the beginning of the year, the Shanghai Composite Index has risen by 5.93%, and once reached 3,400 points. The Shanghai and Shenzhen 300 Index has risen by 1.71%. Popular concept stocks such as artificial intelligence and China Special Evaluation have seen gratifying gains. However, investors' feelings are quite different, and some netizens ridiculed, \"The market has risen so heartbreaking! Buy it at 2800 and set it at 3400!\".</p><p><p style=\"text-align: justify;\">Similarly, institutional investors failed to enjoy the 3400-point \"win\". Isolated from the structural market, most funds did not perform as well as the market index and missed this round of market. The performance of active equity funds is hardly optimistic.</p><p><p style=\"text-align: justify;\">Wind data shows that nearly 90% of active equity funds did not perform as well as the Shanghai Composite Index during the year, and nearly 60% of funds even suffered losses. However, fund products with good performance are sought after by Christians and have received a large number of subscriptions. In order to maintain the sustainability of good performance, these scarce high-quality funds control the management scale through purchase restrictions.</p><p><strong>90% of funds underperformed the market during the year</strong></p><p><p style=\"text-align: justify;\">Public Offering of Fund's performance during the year significantly underperformed various market indexes. Wind data shows that as of May 14, the partial stock hybrid fund index composed of more than 3,600 partial stock hybrid fund indexes (including C shares) has fallen by 3.25% this year.</p><p><p style=\"text-align: justify;\">Judging from the performance of Public Offering of Fund, it is not difficult to find that the overall profit-making effect of A-share investment this year is poor. Specifically, among the more than 4,200 active equity funds, more than 3,700 funds underperformed the Shanghai Composite Index, accounting for nearly 90%, of which more than 2,400 funds suffered performance losses, accounting for nearly 60%.</p><p><p style=\"text-align: justify;\">What makes holders depressed is that when the Shanghai Composite Index reached 3,400 points and hit a new high for the year, many holders suffered significant losses in their positions. As of May 10, 16 active equity funds had lost more than 20% during the year. More than 2,000 funds have even suffered losses for two consecutive years, including many tens of billions of fund products that have lost more than 20% for two consecutive years.</p><p><p style=\"text-align: justify;\">It is worth mentioning that, under the background of continuous market fluctuations and large-scale losses in fund product performance, the number of public funds whose funds have expired and liquidated has reached 97 since the beginning of this year, approaching the 100 mark, which is a historic small peak. Among them, equity funds have become the main force in liquidation, accounting for nearly 80%.</p><p><p style=\"text-align: justify;\">Insufficient scale is a common reason for fund liquidation. Some professionals said that in recent years, the market conditions have not been good, the performance and scale of mini-funds are difficult to improve, and the input and output are low. Fund managers have accelerated the survival of the fittest in the industry by liquidating mini-funds.</p><p><strong>Scarce high-quality funds limit purchases and control scale</strong></p><p><p style=\"text-align: justify;\">Although the overall performance of Public Offering of Fund products is not good, there are still many funds that have withstood market fluctuations, stepped out of independent trends, and continued to create value for holders.</p><p><p style=\"text-align: justify;\">Wind data shows that there are still 222 active equity funds whose performance has increased by more than 10% during the year. For example, among the funds with large product scale, Dong Chen's Huatai Beruifuli, Zhou Haidong's Huashang Advantage Industry, Hu Yibin's Huaan Media Internet, Xu Wenxing's China-Europe pension industry has all performed well.</p><p><p style=\"text-align: justify;\"><strong>During the period of market turmoil, the net value of many active equity funds has repeatedly hit new highs, such as Fan Kun's Rongtong Domestic Demand Driven AB, Jiang Cheng's Zhongtai Dividend Preferred One-Year Holding, Yang Xinxin's ICBC Select Balance and other 29 funds established for more than one year. The net value of the fund set a new record this month.</strong></p><p><p style=\"text-align: justify;\">In addition, during the market downturn, some well-known fund managers with high-quality performance did the opposite and controlled the management scale through purchase restrictions. Since May, funds managed by Bao Wuyu, Lin Yingrui, Zhou Zhishuo and Zhou Haidong have started the purchase restriction mode. Many of these funds have continuously lowered the purchase limit amount.</p><p><p style=\"text-align: justify;\">The announcement shows that the flexible allocation mix of the value margin of Invesco Great Wall, which Bao has no management, will be limited to 2 million yuan starting from May 5. The new blue-chip stock ticket of CCB Potential managed by Zhou Zhishuo is limited to 10,000 yuan since May 4th. The Chinese Business New Trend Preferred Flexible Allocation Hybrid Fund managed by Zhou Haidong has a purchase limit of 300,000 yuan starting from May 4.</p><p><p style=\"text-align: justify;\">During the market downturn, behind the fund purchase restriction is the pursuit of high-quality funds by holders. As the A-share market continues to fluctuate, the scarce high-quality funds attract a large number of holders to actively subscribe.</p><p><p style=\"text-align: justify;\">It is worth noting that when the A-share market fluctuates and adjusts, the inflow of funds is constantly accelerating. Wind data shows that as of May 10, since May, the share of ETFs has increased by 24 billion shares, the total share has reached 1.59 trillion shares, and the total scale has reached 1.69 trillion yuan. Among them, the total share of stock ETFs has increased by 19.342 billion shares, 4 consecutive months. Continuous net inflows.</p><p><strong>Opportunities in the A-share market far outweigh risks</strong></p><p><p style=\"text-align: justify;\">The fund underperformed the index on a large scale, which is considered to be the ultimate interpretation of structural market conditions such as artificial intelligence and special valuation, and is not the norm of the market. According to industry insiders, the opportunities in the medium-term A-share market far outweigh the risks.</p><p><p style=\"text-align: justify;\">Since the beginning of this year, the market trend has been relatively diverged. Yang Delong, chief economist of Qianhai Kaiyuan, said that with the arrival of the market in May, the style of the market has begun to switch, and investors have begun to pay attention to high-quality leading stocks with excellent performance. Consumption and new energy are expected to stop falling and rebound, taking over the baton of the market.</p><p><p style=\"text-align: justify;\">Deng Hequan, a senior strategist at China Merchants Fund, believes that stocks are still in the window of structural long positions. Overall, 2023 may be a process of rising the bottom and moving up the market center. Industries that have performed against the market in this round of adjustment may be expected to become the main line of investment throughout the year. At present, investors' policy expectations and geopolitical expectations are not high and sufficient, so there is not much room for index adjustment. Secondly, the occurrence of risk events will still change the expected attitude, distribution and aggravate the wait-and-see mood. Therefore, for stocks that avoid pure theme speculation, the next stage of opportunities may gradually transition to growth stocks that are expected to be revised upward and have low risk characteristics.</p><p><p style=\"text-align: justify;\">Regarding the market outlook, Bosera Fund believes that as the Federal Reserve's rate hike gradually comes to an end, the external liquidity pressure faced by A-shares gradually eases. As far as the global equity market is concerned, the macro environment faced by A-shares is relatively better; At present, the P/E of Shanghai Composite Index and Growth Enterprise Market Index are below the median level in the past three years, and the overall valuation is relatively low, which still has good medium and long-term investment value.</p><p><p style=\"text-align: justify;\">The stock market as a whole fluctuated in May. HSBC Jintrust said that structural opportunities occurred frequently and the valuation of the value sector was restored. At present, economic expectations are gradually recovering, valuations are still relatively low, and medium-and long-term capital allocation is in a good range. With the repair of the valuation of the low valuation sector, the market style may become more balanced.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebb146d9df27844cb787ad545c50986d","relate_stocks":{"000001.SH":"上证指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154230640","content_text":"大盘在涨，账户却在亏损！开年以来，上证指数上涨5.93%，更是一度冲上3400点，沪深300指数上涨1.71%，人工智能、中特估等热门概念股涨势喜人。然而，投资者们感受却颇有不同，亦有网友调侃，“大盘涨得让人心痛！买在2800，套在3400！”。同样，机构投资者也未能享受到3400点的“胜利”。与结构性行情绝缘，大多数基金表现不及大盘指数，错失本轮行情，主动权益基金业绩难言乐观。Wind数据显示，年内近九成主动权益基金业绩不及上证指数，近六成基金业绩甚至出现亏损。不过，业绩表现好的基金产品受到基民追捧，获得大量申购，为了保持良好业绩的持续性，这些稀缺的绩优基金则通过限购控制管理规模。年内九成基金跑输大盘公募基金年内业绩大幅跑输各类大盘指数。Wind数据显示，截至5月14日，由3600余只偏股混合型基金指数（含C份额）构成的偏股混合型基金指数今年以来下跌3.25%。从公募基金业绩表现来看，不难发现，今年A股投资整体赚钱效应较差。具体来看，4200余只主动权益基金中，3700余只基金跑输上证指数，占比近九成，其中2400余只基金业绩亏损，占比近六成。让持有人郁闷的是，在上证指数站上3400点、创下年内新高时，不少持有人持仓亏损明显，截至5月10日，已有16只主动权益基金年内亏损超20%，2000余只基金甚至已经连续2年亏损，其中不乏百亿基金产品连续2年亏损超20%。值得一提的是，在市场不断波动、基金产品业绩出现大面积亏损的背景下，今年以来基金到期清盘的公募基金数量达到97只，逼近百只关口，为历史性小高峰，其中，权益类基金成为清盘主力军，占比近八成。规模不足是基金清盘常见的原因。有专业人士表示，近年市场行情不佳，迷你基金业绩、规模都很难有起色，投入产出较低，基金管理人通过清盘迷你基金加速行业优胜劣汰。稀缺绩优基金限购控规模虽然公募基金产品整体业绩表现不佳，不过仍有不少基金抵御住市场波动，走出独立走势，为持有人持续创造价值。Wind数据显示，年内仍有222只主动权益基金业绩涨幅超10%，如产品规模较大的基金中，董辰的华泰伯瑞富利、周海栋的华商优势行业、胡宜斌的华安媒体互联网、许文星的中欧养老产业均有不错业绩表现。市场震荡期，也有不少主动权益基金净值屡创新高，如范琨的融通内需驱动AB、姜诚的中泰红利优选一年持有、杨鑫鑫的工银精选平衡等29只成立一年以上的基金净值在本月刷新历史最高纪录。此外，在市场低迷期，一些绩优知名基金经理反其道而为之，通过限购控制管理规模。5月份以来，鲍无可、林英睿、周智硕和周海栋等管理的基金纷纷开启限购模式。其中不少基金不断下调限购金额。公告显示，鲍无可管理的景顺长城价值边际灵活配置混合自5月5日起，限购200万元。周智硕管理的建信潜力新蓝筹股票自5月4日起，限购1万元。周海栋管理的华商新趋势优选灵活配置混合基金自5月4日起限购30万元。市场低迷期，基金限购的背后则是持有人对绩优基金的追逐。在A股市场持续震荡，稀缺的绩优基金吸引大量持有人积极申购。值得注意的是，在A股市场震荡调整时，不断有资金在加速流入。Wind数据显示，截至5月10日，5月以来，ETF份额增加240亿份，总份额达到1.59万亿份，总规模达到1.69万亿元，其中股票型ETF总份额增长193.42亿份，连续4个月持续净流入。A股市场机会远大于风险基金大面积跑输指数，被认为是人工智能、中特估等结构性行情的极致演绎，并非市场常态。业内人士表示，中期维度A股市场机会远大于风险。今年以来市场的走势出现了比较大的分化，前海开源首席经济学家杨德龙表示，随着5月份行情的到来，市场的风格已经开始有所切换，投资者开始关注业绩优良的优质龙头股，消费、新能源有望止跌回升，接过行情的接力棒。招商基金资深策略分析师邓和权认为，目前股票仍处在结构做多的窗口，总体来看2023年或是一个底部抬升、市场中枢上移的过程。本轮调整中有逆市表现的行业或有望成为全年投资主线。当下投资者对政策预期、地缘预期均不高且较充分，因此指数调整空间不大。其次，风险事件的出现仍然会改变预期的态度、分布与加剧观望情绪。因此回避纯主题炒作的股票，下一阶段的机会或将逐渐过渡到预期有望上修、风险特征不高的成长股。对于后市，博时基金认为，随着美联储加息逐步进入尾声，A股面临的外围流动性压力逐步缓和，就全球权益市场来看，A股面临的宏观环境相对更优；且当前沪指与创业板指的市盈率处于近三年中位数以下水平，整体估值相对较低，依然具有不错的中长期投资价值。5月股市整体震荡，汇丰晋信表示，结构性机会频出，价值板块估值修复。目前经济预期逐步修复，估值仍在相对低位，中长期资金配置较好区间。伴随低估值板块估值修复，市场风格或将更加均衡。","news_type":1,"symbols_score_info":{"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":2044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947266194,"gmtCreate":1683201230118,"gmtModify":1683201233972,"author":{"id":"3581663680495191","authorId":"3581663680495191","name":"yuliang559","avatar":"https://static.tigerbbs.com/2769f9b0cdb3c39664fc7b74a5de5f0d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581663680495191","idStr":"3581663680495191"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947266194","repostId":"1185922715","repostType":2,"repost":{"id":"1185922715","kind":"news","pubTimestamp":1683200165,"share":"https://ttm.financial/m/news/1185922715?lang=en_US&edition=fundamental","pubTime":"2023-05-04 19:36","market":"us","language":"zh","title":"Not just relying on the \"moat\"! Buffett also has a big investment \"trick\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1185922715","media":"华尔街见闻","summary":"巴菲特投资的大多数公司都派息，预计今年伯克希尔·哈撒韦将从其股票投资组合中赚取约57亿美元现金。一年一度的“投资界春晚”、伯克希尔·哈撒韦股东会将在周六召开，这时候，普通投资者又会抛出灵魂一问：巴菲特","content":"<p><html><head></head><body><strong>Most of the companies Buffett invests in pay dividends, and Berkshire is expected to earn about $5.7 billion in cash from its stock portfolio this year.</strong><p style=\"text-align: justify;\">The annual \"Investment Spring Festival Gala\" and Berkshire Hathaway shareholders' meeting will be held on Saturday. At this time, ordinary investors will throw out their souls and ask again:</p><p><p style=\"text-align: justify;\">Why is Buffett's stock picking so successful?</p><p><p style=\"text-align: justify;\">To this question, the Wall Street Journal summarized two answers.</p><p><p style=\"text-align: justify;\">According to the article published by the newspaper on Wednesday, one answer is known to everyone, that is, Buffett's superb ability to select high-quality companies, and the other is much less remarkable-his favor of dividend-paying stocks.</p><p><p style=\"text-align: justify;\">Note that,<strong>Most of the companies Buffett invests in pay dividends.</strong></p><p><p style=\"text-align: justify;\">According to Dow Jones Market Data's analysis of company announcements,<strong>Berkshire Hathaway is expected to earn about $5.7 billion in cash from its stock portfolio this year.</strong></p><p><p style=\"text-align: justify;\">Nearly a fifth of that will come from Chevron, one of Berkshire's largest holdings,<strong>Chevron has increased its dividend for 36 consecutive years.</strong></p><p><p style=\"text-align: justify;\">In addition, Dow Jones market data shows that Berkshire will also receive more than $700 million each from Coca-Cola, Apple and Bank of America, more than $500 million from Kraft Heinz and about $363 million from American Express.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8fa8ab5d9e43dc821c224f2bc8d3a57b\" tg-width=\"554\" tg-height=\"439\"/></p><p><p style=\"text-align: justify;\"><strong>\"That's what he likes: dividend payouts and buybacks,\"</strong>Todd Finkle, a professor of entrepreneurship at Gonzaga University, said that Finkle once wrote a book about Buffett's career.</p><p><p style=\"text-align: justify;\">Buffet is adept at picking companies that have stood the test of time and improved their Dividend in many economic cycles, Finkle said. Over time, this both increases the value of Berkshire's stock portfolio and expands the company's ample cash reserves that can be used for its own business as well as acquisitions and stock buybacks.</p><p><p style=\"text-align: justify;\">According to Berkshire's most recent earnings report, the company will have $128.6 billion in cash and cash equivalents by the end of 2022.</p><p><p style=\"text-align: justify;\">Finkle said favoring dividend stocks is not Buffett's \"secret weapon\", but it is part of it.</p><p><p style=\"text-align: justify;\">Take Buffett's favorite Coca-Cola as an example.</p><p><p style=\"text-align: justify;\">In 1994, Berkshire Hathaway bought about 400 million Coca-Cola shares it currently holds for $1.3 billion, and received $75 million in cash Dividend that year.</p><p><p style=\"text-align: justify;\"><strong>In 2022, this figure has nearly tenfold to $704 million, and the market value of Berkshire's Coca-Cola stake has soared to $25 billion.</strong></p><p><p style=\"text-align: justify;\">Buffett said in his annual letter to shareholders released earlier this year,<strong>Dividend grows every year, as sure as a birthday.</strong></p><p><p style=\"text-align: justify;\">Buffett said in his shareholder letter:</p><p>All Charlie (Munger) and I have to do is cash Coca-Cola's quarterly Dividend check.<p style=\"text-align: justify;\">Buffet and Munger expect Coca-Cola to continue to improve its Dividend in the future. Coca-Cola said in February that it had approved its 61st consecutive annual Dividend increase.</p><p><p style=\"text-align: justify;\">In other words, according to Finkle, Buffett's \"secret weapon\" for stock selection is actually \"selecting high-quality companies + dividend-paying stocks.\"</p><p><p style=\"text-align: justify;\">The use of this \"secret weapon\" on American Express has achieved similar returns for Berkshire.</p><p><p style=\"text-align: justify;\">In 1995, Berkshire completed the vast majority of the transaction to buy American Express shares for $1.3 billion, and received $41 million in Dividend that year.</p><p><p style=\"text-align: justify;\">Last year, Berkshire's stake in American Express was worth $22 billion, and it received $302 million in Dividend from the latter.</p><p><p style=\"text-align: justify;\">\"These Dividend gains are satisfactory, but they are far from amazing,\" Buffet said in his letter. \"But what matters is that they bring about a rise in the share price.\"</p><p><p style=\"text-align: justify;\">Generally speaking, investors tend to reinvest dividends into the original stocks, but Berkshire has not reinvested dividends from Coca-Cola and American Express into these two stocks. The company's share buybacks over the years.</p><p><p style=\"text-align: justify;\">In fact,<strong>Berkshire hasn't overweight Coca-Cola and American Express shares since the 1990s, and some speculate that this may be because he hates paying too much for his investments.</strong></p><p><p style=\"text-align: justify;\">Buffett said in a letter to Berkshire shareholders in 1983:</p><p>For investors, buying shares of a good company at an exorbitant price may offset the impact of the ensuing decade of favorable business development.<p style=\"text-align: justify;\">It is worth noting that although Dividend can provide stable income like bonds, it still presents risks.</p><p><p style=\"text-align: justify;\">For example, if a company's cash flow is tight, it can cut or even suspend dividends, and the suspension of dividends often leads to a decline in stock prices, because investors often see it as a signal of a major financial crisis. In addition, when investors choose more expensive growth stocks, their Dividend tends to underperform.</p><p></body></html></p>","source":"wallstreetcn","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>Not just relying on the \"moat\"! Buffett also has a big investment \"trick\"</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\">\nNot just relying on the \"moat\"! Buffett also has a big investment \"trick\"\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\">2023-05-04 19:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><strong>Most of the companies Buffett invests in pay dividends, and Berkshire is expected to earn about $5.7 billion in cash from its stock portfolio this year.</strong><p style=\"text-align: justify;\">The annual \"Investment Spring Festival Gala\" and Berkshire Hathaway shareholders' meeting will be held on Saturday. At this time, ordinary investors will throw out their souls and ask again:</p><p><p style=\"text-align: justify;\">Why is Buffett's stock picking so successful?</p><p><p style=\"text-align: justify;\">To this question, the Wall Street Journal summarized two answers.</p><p><p style=\"text-align: justify;\">According to the article published by the newspaper on Wednesday, one answer is known to everyone, that is, Buffett's superb ability to select high-quality companies, and the other is much less remarkable-his favor of dividend-paying stocks.</p><p><p style=\"text-align: justify;\">Note that,<strong>Most of the companies Buffett invests in pay dividends.</strong></p><p><p style=\"text-align: justify;\">According to Dow Jones Market Data's analysis of company announcements,<strong>Berkshire Hathaway is expected to earn about $5.7 billion in cash from its stock portfolio this year.</strong></p><p><p style=\"text-align: justify;\">Nearly a fifth of that will come from Chevron, one of Berkshire's largest holdings,<strong>Chevron has increased its dividend for 36 consecutive years.</strong></p><p><p style=\"text-align: justify;\">In addition, Dow Jones market data shows that Berkshire will also receive more than $700 million each from Coca-Cola, Apple and Bank of America, more than $500 million from Kraft Heinz and about $363 million from American Express.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8fa8ab5d9e43dc821c224f2bc8d3a57b\" tg-width=\"554\" tg-height=\"439\"/></p><p><p style=\"text-align: justify;\"><strong>\"That's what he likes: dividend payouts and buybacks,\"</strong>Todd Finkle, a professor of entrepreneurship at Gonzaga University, said that Finkle once wrote a book about Buffett's career.</p><p><p style=\"text-align: justify;\">Buffet is adept at picking companies that have stood the test of time and improved their Dividend in many economic cycles, Finkle said. Over time, this both increases the value of Berkshire's stock portfolio and expands the company's ample cash reserves that can be used for its own business as well as acquisitions and stock buybacks.</p><p><p style=\"text-align: justify;\">According to Berkshire's most recent earnings report, the company will have $128.6 billion in cash and cash equivalents by the end of 2022.</p><p><p style=\"text-align: justify;\">Finkle said favoring dividend stocks is not Buffett's \"secret weapon\", but it is part of it.</p><p><p style=\"text-align: justify;\">Take Buffett's favorite Coca-Cola as an example.</p><p><p style=\"text-align: justify;\">In 1994, Berkshire Hathaway bought about 400 million Coca-Cola shares it currently holds for $1.3 billion, and received $75 million in cash Dividend that year.</p><p><p style=\"text-align: justify;\"><strong>In 2022, this figure has nearly tenfold to $704 million, and the market value of Berkshire's Coca-Cola stake has soared to $25 billion.</strong></p><p><p style=\"text-align: justify;\">Buffett said in his annual letter to shareholders released earlier this year,<strong>Dividend grows every year, as sure as a birthday.</strong></p><p><p style=\"text-align: justify;\">Buffett said in his shareholder letter:</p><p>All Charlie (Munger) and I have to do is cash Coca-Cola's quarterly Dividend check.<p style=\"text-align: justify;\">Buffet and Munger expect Coca-Cola to continue to improve its Dividend in the future. Coca-Cola said in February that it had approved its 61st consecutive annual Dividend increase.</p><p><p style=\"text-align: justify;\">In other words, according to Finkle, Buffett's \"secret weapon\" for stock selection is actually \"selecting high-quality companies + dividend-paying stocks.\"</p><p><p style=\"text-align: justify;\">The use of this \"secret weapon\" on American Express has achieved similar returns for Berkshire.</p><p><p style=\"text-align: justify;\">In 1995, Berkshire completed the vast majority of the transaction to buy American Express shares for $1.3 billion, and received $41 million in Dividend that year.</p><p><p style=\"text-align: justify;\">Last year, Berkshire's stake in American Express was worth $22 billion, and it received $302 million in Dividend from the latter.</p><p><p style=\"text-align: justify;\">\"These Dividend gains are satisfactory, but they are far from amazing,\" Buffet said in his letter. \"But what matters is that they bring about a rise in the share price.\"</p><p><p style=\"text-align: justify;\">Generally speaking, investors tend to reinvest dividends into the original stocks, but Berkshire has not reinvested dividends from Coca-Cola and American Express into these two stocks. The company's share buybacks over the years.</p><p><p style=\"text-align: justify;\">In fact,<strong>Berkshire hasn't overweight Coca-Cola and American Express shares since the 1990s, and some speculate that this may be because he hates paying too much for his investments.</strong></p><p><p style=\"text-align: justify;\">Buffett said in a letter to Berkshire shareholders in 1983:</p><p>For investors, buying shares of a good company at an exorbitant price may offset the impact of the ensuing decade of favorable business development.<p style=\"text-align: justify;\">It is worth noting that although Dividend can provide stable income like bonds, it still presents risks.</p><p><p style=\"text-align: justify;\">For example, if a company's cash flow is tight, it can cut or even suspend dividends, and the suspension of dividends often leads to a decline in stock prices, because investors often see it as a signal of a major financial crisis. In addition, when investors choose more expensive growth stocks, their Dividend tends to underperform.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3687974\">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/f3ecc14db02762fcb82cdbb76e654301","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://wallstreetcn.com/articles/3687974","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185922715","content_text":"巴菲特投资的大多数公司都派息，预计今年伯克希尔·哈撒韦将从其股票投资组合中赚取约57亿美元现金。一年一度的“投资界春晚”、伯克希尔·哈撒韦股东会将在周六召开，这时候，普通投资者又会抛出灵魂一问：巴菲特的选股为什么会如此成功？对于这个问题，《华尔街日报》总结了两个答案。根据该报周三发布的文章，其中一个答案无人不晓，即巴菲特出神入化的挑选优质公司的能力，另外一个则不起眼得多——青睐派息股。注意，巴菲特投资的大多数公司都派息。根据Dow Jones Market Data对公司公告的分析，预计今年伯克希尔·哈撒韦将从其股票投资组合中赚取约57亿美元现金。其中近五分之一将来自伯克希尔最大持股之一的雪佛龙，雪佛龙已连续36年增加派息。另外，道琼斯市场数据显示，伯克希尔还将从可口可乐、苹果和美国银行各拿到逾7亿美元，从卡夫亨氏公司拿到逾5亿美元，从美国运通公司拿到约3.63亿美元。 “这就是他喜欢的：派息和回购，”贡萨加大学创业学教授Todd Finkle说，Finkle曾写过一本关于巴菲特职业生涯的书。Finkle说，巴菲特擅长挑选在许多经济周期中经受住时间考验并提高股息的公司。随着时间推移，这既增加了伯克希尔股票投资组合的价值，也扩大了公司能够用于自身业务以及收购和股票回购的充足现金储备。根据伯克希尔最近的财报，公司到2022年年底拥有1286亿美元的现金和现金等价物。Finkle表示，青睐派息股并非巴菲特的“秘密武器”，但确是其中一部分。拿巴菲特最爱的可口可乐举例。1994年，伯克希尔·哈撒韦以13亿美元买入其目前持有的大约4亿股可口可乐股份，当年就获得了7500万美元的现金股息。2022年，这一数字翻了近十倍至7.04亿美元，而伯克希尔持有的可口可乐股份市值也已飙升至250亿美元。巴菲特在今年早些时候发布的年度致股东信中称，股息每年都会增长，就像生日一样确定无疑。巴菲特在股东信中表示：我和查理（芒格）要做的只是兑现可口可乐的季度股息支票。巴菲特和芒格预计，可口可乐未来将继续提高股息。可口可乐2月份表示，已批准连续第61次提高年度股息。也就是说，按照Finkle的说法，巴菲特选股的“秘密武器”其实是“挑选优质公司+派息股”。该“秘密武器”用在美国运通公司身上也为伯克希尔实现了类似的回报。伯克希尔1995年完成了以13亿美元买入美国运通股份的绝大部分交易，并在当年获得了4100万美元的股息。去年，伯克希尔所持美国运通股份价值为220亿美元，并从后者获得了3.02亿美元的股息。“这些股息收益固然令人满意，却远谈不上惊人，”巴菲特在他的信中表示。“但重要的是它们带来了股价的上涨。”一般来说，投资者倾向于将分红重新投资到原股票上，但伯克希尔并没有将可口可乐和美国运通的分红重新投资到这两只股票中，持股比例升高则是因为两家公司多年以来的股票回购。事实上，伯克希尔自1990年代以来就没有加码可口可乐和美国运通股票，有人推测，这可能是因为他讨厌为投资支付过高的价格。巴菲特在1983年写给伯克希尔股东的信中说：对于投资者来说，以过高的价格购买一家优秀公司的股票，可能会抵消随后十年有利的业务发展所产生的影响。值得注意的是，股息虽然能够像债券一样提供稳定的收入，但仍存在风险。比如，如果一家公司现金流紧张，它可以削减甚至是暂停派息，而暂停派息又往往会导致股价下跌，因为投资者经常其视为公司出现重大财务危机的信号。另外，当投资者选择较昂贵的成长股时，其股息也往往表现不佳。","news_type":1,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9}},"isVote":1,"tweetType":1,"viewCount":3132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947646940,"gmtCreate":1683116807581,"gmtModify":1683116811218,"author":{"id":"3581663680495191","authorId":"3581663680495191","name":"yuliang559","avatar":"https://static.tigerbbs.com/2769f9b0cdb3c39664fc7b74a5de5f0d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581663680495191","idStr":"3581663680495191"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947646940","repostId":"1166168941","repostType":2,"repost":{"id":"1166168941","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":1683116159,"share":"https://ttm.financial/m/news/1166168941?lang=en_US&edition=fundamental","pubTime":"2023-05-03 20:15","market":"us","language":"zh","title":"U.S. ADP employment was 296,000 in April, the largest increase since July 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1166168941","media":"老虎资讯综合","summary":"5月3日，美国4月ADP就业人数为29.6万人，为2022年7月以来最大增幅；预期14.8万人，前值14.5万人。ADP报告：4月金融服务业就业人数减少2.8万人，3月减少5.1万人；4月贸易/运输/","content":"<p><html><head></head><body>On May 3, the number of U.S. ADP employment in April was 296,000, the largest increase since July 2022; It is expected to be 148,000, compared with the previous value of 145,000.</p><p>ADP report: Financial services employment decreased by 28,000 in April and 51,000 in March;</p><p>The median annual salary growth rate of trade/transportation/utility employees in April was 6.6%, compared with 7.0% in March;</p><p>The median annual salary growth rate of employees in the construction industry in April was 6.9%, compared with 7.0% in March;</p><p>The median annual salary growth rate of professional/business service employees in April was 6.3%, compared with 6.4% in March;</p><p>The median annual salary growth rate of manufacturing employees in April was 6.2%, compared with 6.5% in March;</p><p>The median annual salary growth rate of employees in the financial services industry was 6.7% in April, compared with 6.8% in March.</p><p>After the data was released, U.S. stock futures showed little short-term fluctuations, and Nasdaq 100 index futures maintained an increase of about 0.3%. The US Dollar Index rose more than 10 points in the short term and is now at 101.67. Spot gold fell about US $2 in the short term and is now trading at US $2,013.50 an ounce.</p><p><strong>Agency evaluation of ADP employment in the United States:</strong>Private U.S. companies added 296,000 jobs in April, signaling a hiring boom despite a sharp slowdown in wage growth for those who changed jobs.</p><p><strong>ADP Chief Economist Nela Richardson:</strong>The slowdown in wage growth gives the clearest signal of the current state of the labor market, and employers are reining in salary growth while hiring aggressively. Our data also shows that fewer people are changing jobs.</p><p><strong>Financial website Forexlive commented on U.S. ADP data in April:</strong>It's a strong number and underscores why the Fed's job is so tough. They couldn't reasonably raise wages without disrupting the banking system, but the addition of nearly 300,000 jobs shows that the pressure on wage growth has not gone away.</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>U.S. ADP employment was 296,000 in April, the largest increase since July 2022</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\">\nU.S. ADP employment was 296,000 in April, the largest increase since July 2022\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\">2023-05-03 20:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On May 3, the number of U.S. ADP employment in April was 296,000, the largest increase since July 2022; It is expected to be 148,000, compared with the previous value of 145,000.</p><p>ADP report: Financial services employment decreased by 28,000 in April and 51,000 in March;</p><p>The median annual salary growth rate of trade/transportation/utility employees in April was 6.6%, compared with 7.0% in March;</p><p>The median annual salary growth rate of employees in the construction industry in April was 6.9%, compared with 7.0% in March;</p><p>The median annual salary growth rate of professional/business service employees in April was 6.3%, compared with 6.4% in March;</p><p>The median annual salary growth rate of manufacturing employees in April was 6.2%, compared with 6.5% in March;</p><p>The median annual salary growth rate of employees in the financial services industry was 6.7% in April, compared with 6.8% in March.</p><p>After the data was released, U.S. stock futures showed little short-term fluctuations, and Nasdaq 100 index futures maintained an increase of about 0.3%. The US Dollar Index rose more than 10 points in the short term and is now at 101.67. Spot gold fell about US $2 in the short term and is now trading at US $2,013.50 an ounce.</p><p><strong>Agency evaluation of ADP employment in the United States:</strong>Private U.S. companies added 296,000 jobs in April, signaling a hiring boom despite a sharp slowdown in wage growth for those who changed jobs.</p><p><strong>ADP Chief Economist Nela Richardson:</strong>The slowdown in wage growth gives the clearest signal of the current state of the labor market, and employers are reining in salary growth while hiring aggressively. Our data also shows that fewer people are changing jobs.</p><p><strong>Financial website Forexlive commented on U.S. ADP data in April:</strong>It's a strong number and underscores why the Fed's job is so tough. They couldn't reasonably raise wages without disrupting the banking system, but the addition of nearly 300,000 jobs shows that the pressure on wage growth has not gone away.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/627bc890436e46f74a0fe8143398a725","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166168941","content_text":"5月3日，美国4月ADP就业人数为29.6万人，为2022年7月以来最大增幅；预期14.8万人，前值14.5万人。ADP报告：4月金融服务业就业人数减少2.8万人，3月减少5.1万人；4月贸易/运输/公用事业就业人员薪资增速年率中值为6.6%，3月为7.0%；4月建筑业就业人员薪资增速年率中值为6.9%，3月为7.0%；4月专业/商业服务就业人员薪资增速年率中值为6.3%，3月为6.4%；4月制造业就业人员薪资增速年率中值为6.2%，3月为6.5%；4月金融服务业就业人员薪资增速年率中值为6.7%，3月为6.8%。数据公布后，美股期货短线波动不大，纳斯达克100指数期货维持约0.3%的涨幅。美元指数短线拉升逾10点，现报101.67。现货黄金短线走低约2美元，现报2013.50美元/盎司。机构评美国ADP就业人数：美国私营企业4月份增加了29.6万个就业岗位，表明尽管换工作的人的工资增长大幅放缓，但仍出现了招聘热潮。ADP首席经济学家Nela Richardson：薪资增长放缓给出了当前劳动力市场状况的最清晰信号，雇主们在大举招聘的同时，也在控制薪资增长。我们的数据还显示，换工作的人越来越少。财经网站Forexlive评美国4月ADP数据：这是一个强劲的数字，也突显出美联储的工作为何如此艰难。他们不可能在不破坏银行体系的情况下合理地提高工资，但增加了近30万个工作岗位表明，工资增长的压力并没有消失。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947810878,"gmtCreate":1682859685094,"gmtModify":1682859688499,"author":{"id":"3581663680495191","authorId":"3581663680495191","name":"yuliang559","avatar":"https://static.tigerbbs.com/2769f9b0cdb3c39664fc7b74a5de5f0d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581663680495191","idStr":"3581663680495191"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947810878","repostId":"2331122664","repostType":2,"repost":{"id":"2331122664","kind":"highlight","pubTimestamp":1682828286,"share":"https://ttm.financial/m/news/2331122664?lang=en_US&edition=fundamental","pubTime":"2023-04-30 12:18","market":"hk","language":"zh","title":"How long can US technology stocks be bullish? Just look at the financial reports of Apple and AMD next week","url":"https://stock-news.laohu8.com/highlight/detail?id=2331122664","media":"华尔街见闻","summary":"后续财报可能“喜忧参半”，AI热潮带动芯片需求增加，AMD、高通财报指引可能好于预期，而苹果可能会公布其产品部门三年来首次全面萎缩。经济衰退阴云笼罩下，微软、Meta等科技巨头扛住了压力，一季度业绩超","content":"<p><html><head></head><body><strong>Subsequent financial reports may be \"mixed\", the AI boom has driven an increase in chip demand, AMD and Qualcomm's financial guidance may be better than expected, and Apple may announce that its product department has shrunk across the board for the first time in three years.</strong>Under the cloud of economic recession,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, Meta and other technology giants withstood the pressure, and their first-quarter results exceeded expectations.</p><p>Specifically, Meta's \"salted fish turned over\", and its revenue in the first quarter unexpectedly reversed three consecutive quarters of declines; Microsoft's performance last quarter exceeded expectations, and cloud business revenue maintained double-digit growth;<a href=\"https://laohu8.com/S/GOOG\">Google</a>In the first quarter, search returned to growth, and the cloud business turned losses into profits.</p><p>In addition, despite record losses in chip stocks, earnings guidance is positive. SK Hynix pointed out that improved demand combined with production cuts may boost the market, and the chip market will rebound in the second quarter. However, on the other hand,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Warnings about sluggish growth in its cloud computing business, as well as Cloudflare's move to cut its full-year revenue forecast, underscore the uncertainty of the overall economy.</p><p><strong>The unexpected earnings report eased market concerns about slowing demand for technology products, driving U.S. stocks to rebound.</strong>The S&P 500 index posted its biggest one-day gain since the first week of the year on Thursday, and the technology-heavy Nasdaq 100 index closed up 2.76%, its biggest gain since January 20.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/822b80c8c4e84fc0602fb949d5d61757\" tg-width=\"1024\" tg-height=\"614\"/></p><p><strong>And next week,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>And AMD will disclose the demand for more technology products, and its financial performance will become the key to whether technology stocks can continue to rebound. The following is the earnings preview:</strong></p><p>Tuesday: AMD will release its earnings report after the U.S. stock market closes. The artificial intelligence boom is expected to drive the demand for chips in data centers, and the resulting increase in demand may offset the continued weakness in PC-side chip sales. With its customer and gaming segments still sluggish, data centers will be key for AMD to earn revenue.</p><p>Wednesday: Qualcomm will announce results after the U.S. stock market closes. Investors will take a closer look at Qualcomm's quarterly guidance for signs of recovery and inventory replenishment by OEMs amid continued weakness in smartphone demand. Last month, chip giants Micron Technology and Infineon Technologies provided better-than-expected guidance, raising hopes for a rebound.</p><p>Thursday: Apple will announce results after the U.S. stock market closes. Apple is likely to report its product division's first across the board contraction in three years, with iPad and iPhone sales down a year from the previous year, Mac sales slowdown likely to be more pronounced, and weak consumer consumption of high-end devices still weighing on overall growth. The impact of iPhone supply chain issues and foreign exchange headwinds may show up in the earnings report, and Barclays believes this downturn will continue into this quarter, especially as demand for iPhone 14 Pro models slows.</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>How long can US technology stocks be bullish? Just look at the financial reports of Apple and AMD next 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\">\nHow long can US technology stocks be bullish? Just look at the financial reports of Apple and AMD next week\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\">2023-04-30 12:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><strong>Subsequent financial reports may be \"mixed\", the AI boom has driven an increase in chip demand, AMD and Qualcomm's financial guidance may be better than expected, and Apple may announce that its product department has shrunk across the board for the first time in three years.</strong>Under the cloud of economic recession,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, Meta and other technology giants withstood the pressure, and their first-quarter results exceeded expectations.</p><p>Specifically, Meta's \"salted fish turned over\", and its revenue in the first quarter unexpectedly reversed three consecutive quarters of declines; Microsoft's performance last quarter exceeded expectations, and cloud business revenue maintained double-digit growth;<a href=\"https://laohu8.com/S/GOOG\">Google</a>In the first quarter, search returned to growth, and the cloud business turned losses into profits.</p><p>In addition, despite record losses in chip stocks, earnings guidance is positive. SK Hynix pointed out that improved demand combined with production cuts may boost the market, and the chip market will rebound in the second quarter. However, on the other hand,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Warnings about sluggish growth in its cloud computing business, as well as Cloudflare's move to cut its full-year revenue forecast, underscore the uncertainty of the overall economy.</p><p><strong>The unexpected earnings report eased market concerns about slowing demand for technology products, driving U.S. stocks to rebound.</strong>The S&P 500 index posted its biggest one-day gain since the first week of the year on Thursday, and the technology-heavy Nasdaq 100 index closed up 2.76%, its biggest gain since January 20.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/822b80c8c4e84fc0602fb949d5d61757\" tg-width=\"1024\" tg-height=\"614\"/></p><p><strong>And next week,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>And AMD will disclose the demand for more technology products, and its financial performance will become the key to whether technology stocks can continue to rebound. The following is the earnings preview:</strong></p><p>Tuesday: AMD will release its earnings report after the U.S. stock market closes. The artificial intelligence boom is expected to drive the demand for chips in data centers, and the resulting increase in demand may offset the continued weakness in PC-side chip sales. With its customer and gaming segments still sluggish, data centers will be key for AMD to earn revenue.</p><p>Wednesday: Qualcomm will announce results after the U.S. stock market closes. Investors will take a closer look at Qualcomm's quarterly guidance for signs of recovery and inventory replenishment by OEMs amid continued weakness in smartphone demand. Last month, chip giants Micron Technology and Infineon Technologies provided better-than-expected guidance, raising hopes for a rebound.</p><p>Thursday: Apple will announce results after the U.S. stock market closes. Apple is likely to report its product division's first across the board contraction in three years, with iPad and iPhone sales down a year from the previous year, Mac sales slowdown likely to be more pronounced, and weak consumer consumption of high-end devices still weighing on overall growth. The impact of iPhone supply chain issues and foreign exchange headwinds may show up in the earnings report, and Barclays believes this downturn will continue into this quarter, especially as demand for iPhone 14 Pro models slows.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3687780\">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/353f693b3cf73305d444a14080157632","relate_stocks":{"AMD":"美国超微公司","GFS":"GLOBALFOUNDRIES Inc.","AAPL":"苹果"},"source_url":"https://wallstreetcn.com/articles/3687780","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2331122664","content_text":"后续财报可能“喜忧参半”，AI热潮带动芯片需求增加，AMD、高通财报指引可能好于预期，而苹果可能会公布其产品部门三年来首次全面萎缩。经济衰退阴云笼罩下，微软、Meta等科技巨头扛住了压力，一季度业绩超出预期。具体来看，Meta“咸鱼翻身”，一季度收入意外扭转三季连降；微软上季度业绩超预期，云业务营收维持两位数增长；谷歌一季度搜索重回增长，云业务扭亏为盈。此外，尽管芯片股业绩亏损创下纪录，但财报指引向好。SK海力士指出，需求改善叠加减产或将提振市场，芯片市场将在二季度出现反弹。不过，另一方面，亚马逊对其云计算业务增长乏力的警告，以及Cloudflare下调全年营收预期的举措，突显出整体经济的不确定性。超预期的财报缓解了市场对科技产品需求放缓的担忧，带动美股反弹。标普500指数在周四创下今年第一周以来的最大单日涨幅，以科技股为主的纳斯达克100指数收涨2.76%，创1月20日以来最大涨幅。下周，苹果、高通和AMD将披露更多科技产品的需求情况，其财报表现成为科技股能否继续反弹的关键。以下是财报前瞻：周二：AMD将在美股盘后发布财报。人工智能热潮预计将带动数据中心对芯片的需求，带来的需求增加可能会抵消PC端芯片销售的持续疲软。由于其客户和游戏部门仍然低迷，数据中心将是AMD获得收入的关键。周三：高通将在美股盘后公布业绩。在智能手机需求持续疲软的情况下，投资者将仔细研究高通的季度指引，以寻找复苏的迹象和OEM厂商的库存补充。上个月，芯片巨头美光科技和英飞凌科技提供了好于预期的指引，提升了反弹的希望。周四：苹果将在美股盘后公布业绩。苹果可能会报告其产品部门三年来首次全面萎缩，iPad和iPhone的销售一年较前下滑，Mac的销售放缓可能更加明显，消费者对高端设备的消费疲软仍然拖累整体增长。iPhone供应链问题和外汇阻力的影响可能会在财报中显示出来，巴克莱认为，这种不景气会延续到本季度，尤其是对iPhone 14 Pro机型的需求放缓。","news_type":1,"symbols_score_info":{"AAPL":1,"AMD":1,"GFS":1}},"isVote":1,"tweetType":1,"viewCount":2440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947804564,"gmtCreate":1682781272658,"gmtModify":1682819983063,"author":{"id":"3581663680495191","authorId":"3581663680495191","name":"yuliang559","avatar":"https://static.tigerbbs.com/2769f9b0cdb3c39664fc7b74a5de5f0d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581663680495191","idStr":"3581663680495191"},"themes":[],"htmlText":"[微笑] ","listText":"[微笑] ","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947804564","repostId":"1193243086","repostType":2,"repost":{"id":"1193243086","kind":"news","pubTimestamp":1682757120,"share":"https://ttm.financial/m/news/1193243086?lang=en_US&edition=fundamental","pubTime":"2023-04-29 16:32","market":"us","language":"zh","title":"Who did the First Republic \"win the flower\"? Report: FDIC asks bidders including JPMorgan to submit final offers by Sunday","url":"https://stock-news.laohu8.com/highlight/detail?id=1193243086","media":"华尔街见闻","summary":"作为吸收存款超过10%的大型银行，摩根大通的收购在监管方面存在障碍，但为了拯救第一共和银行，也存在破例的可能性。岌岌可危的第一共和银行迎来了意向方：摩根大通、PNC都有可能成为最终收购者。据彭博今日报","content":"<p><html><head></head><body><strong>As a large bank that takes more than 10% of deposits, JPMorgan's acquisition has regulatory hurdles, but there is also the possibility of making an exception to save First Republic.</strong><p style=\"text-align: justify;\">First Republic Bank, which is in jeopardy, has ushered in interested parties: JPMorgan Chase and PNC may all become the final acquirers.</p><p><p style=\"text-align: justify;\">The Federal Deposit Insurance Corp. (FDIC) is requiring banks including JPMorgan Chase and PNC Financial Services Group, Bloomberg reported today<strong>Submit a final offer for First Republic Bank by Sunday.</strong></p><p><p style=\"text-align: justify;\">The regulator solicited interest from the banks on Thursday, including learning about their proposed offers and the estimated cost of First Republic Bank's deposit insurance money, and invited the two companies to participate in the next bidding process on Friday.</p><p><p style=\"text-align: justify;\">Bloomberg said the bidding process launched by regulators could pave the way for First Republic's sale without going through a lengthy auction process like when Silicon Valley Bank and Signature Bank collapsed.</p><p><p style=\"text-align: justify;\">In addition, the cliff-like decline in First Republic Bank stock (down 97% this year) has dropped the market value to only $650 million.<strong>This may also provide a degree of viability for the acquisition.</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c0b589ac7783879dc11eba6207dc3e3\" tg-width=\"560\" tg-height=\"240\"/></p><p><p style=\"text-align: justify;\">Wall Street News reported earlier today that U.S. officials, including the FDIC, the U.S. Treasury Department and the Federal Reserve, are coordinating meetings with other banks to facilitate a rescue plan for First Republic Bank.</p><p><p style=\"text-align: justify;\">Earlier, the advisers of First Republic Bank sought to get several banks that participated in the rescue operation a month ago to buy their assets at a price above market price.</p><p><p style=\"text-align: justify;\">Although buyers buy and lose, these potential buyers' $30 billion in deposits with First Republic Bank are uninsured. If they think First Republic Bank is about to go bankrupt, they could risk losing that money altogether.</p><p><p style=\"text-align: justify;\">Furthermore, even if the federal government uses emergency powers to guarantee these deposits, large banks will need to replenish the FDIC with huge sums of money. As part of the deal, several banks that bailed out can get some form of equity.</p><p><p style=\"text-align: justify;\"><strong>The above scenario will result in short-term losses for the rescued banks, but it may be less costly in the long run than letting First Republic fail and be taken over by regulators.</strong></p><p><h2>Regulatory hurdles</h2><p style=\"text-align: justify;\">However, although First Republic Bank's market value is running low, regulatory requirements may also add obstacles to the acquisition.</p><p><p style=\"text-align: justify;\">Since JPMorgan Chase is one of the few large banks in the United States that attracts more than 10% of deposits,<strong>According to US regulations, the bank is not eligible to acquire another institution that also takes deposits, which will make its scale grow again.</strong></p><p><p style=\"text-align: justify;\">Still, there is the possibility of an exception to save First Republic Bank.</p><p><p style=\"text-align: justify;\">Compared with the billions of costs that the FDIC has to pay to take over a bank again, the FDIC prefers to limit the solution to the private sector. The agency had previously planned a special assessment of the banking industry to pay for the bankruptcies of Silicon Valley Bank and Signature Bank last month.</p><p><p style=\"text-align: justify;\">Earlier, the media quoted sources as saying that the most likely outcome of First Republic Bank is to be taken over by the FDIC. If First Republic Bank is taken over by regulators, the FDIC will still ask other banks to make possible takeover bids. However, sources said at the time that there was still hope of finding a solution that would prevent First Republic from being taken over by the FDIC.</p><p></body></html></p>","source":"wallstreetcn","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>Who did the First Republic \"win the flower\"? Report: FDIC asks bidders including JPMorgan to submit final offers by Sunday</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\">\nWho did the First Republic \"win the flower\"? Report: FDIC asks bidders including JPMorgan to submit final offers by Sunday\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\">2023-04-29 16:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><strong>As a large bank that takes more than 10% of deposits, JPMorgan's acquisition has regulatory hurdles, but there is also the possibility of making an exception to save First Republic.</strong><p style=\"text-align: justify;\">First Republic Bank, which is in jeopardy, has ushered in interested parties: JPMorgan Chase and PNC may all become the final acquirers.</p><p><p style=\"text-align: justify;\">The Federal Deposit Insurance Corp. (FDIC) is requiring banks including JPMorgan Chase and PNC Financial Services Group, Bloomberg reported today<strong>Submit a final offer for First Republic Bank by Sunday.</strong></p><p><p style=\"text-align: justify;\">The regulator solicited interest from the banks on Thursday, including learning about their proposed offers and the estimated cost of First Republic Bank's deposit insurance money, and invited the two companies to participate in the next bidding process on Friday.</p><p><p style=\"text-align: justify;\">Bloomberg said the bidding process launched by regulators could pave the way for First Republic's sale without going through a lengthy auction process like when Silicon Valley Bank and Signature Bank collapsed.</p><p><p style=\"text-align: justify;\">In addition, the cliff-like decline in First Republic Bank stock (down 97% this year) has dropped the market value to only $650 million.<strong>This may also provide a degree of viability for the acquisition.</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c0b589ac7783879dc11eba6207dc3e3\" tg-width=\"560\" tg-height=\"240\"/></p><p><p style=\"text-align: justify;\">Wall Street News reported earlier today that U.S. officials, including the FDIC, the U.S. Treasury Department and the Federal Reserve, are coordinating meetings with other banks to facilitate a rescue plan for First Republic Bank.</p><p><p style=\"text-align: justify;\">Earlier, the advisers of First Republic Bank sought to get several banks that participated in the rescue operation a month ago to buy their assets at a price above market price.</p><p><p style=\"text-align: justify;\">Although buyers buy and lose, these potential buyers' $30 billion in deposits with First Republic Bank are uninsured. If they think First Republic Bank is about to go bankrupt, they could risk losing that money altogether.</p><p><p style=\"text-align: justify;\">Furthermore, even if the federal government uses emergency powers to guarantee these deposits, large banks will need to replenish the FDIC with huge sums of money. As part of the deal, several banks that bailed out can get some form of equity.</p><p><p style=\"text-align: justify;\"><strong>The above scenario will result in short-term losses for the rescued banks, but it may be less costly in the long run than letting First Republic fail and be taken over by regulators.</strong></p><p><h2>Regulatory hurdles</h2><p style=\"text-align: justify;\">However, although First Republic Bank's market value is running low, regulatory requirements may also add obstacles to the acquisition.</p><p><p style=\"text-align: justify;\">Since JPMorgan Chase is one of the few large banks in the United States that attracts more than 10% of deposits,<strong>According to US regulations, the bank is not eligible to acquire another institution that also takes deposits, which will make its scale grow again.</strong></p><p><p style=\"text-align: justify;\">Still, there is the possibility of an exception to save First Republic Bank.</p><p><p style=\"text-align: justify;\">Compared with the billions of costs that the FDIC has to pay to take over a bank again, the FDIC prefers to limit the solution to the private sector. The agency had previously planned a special assessment of the banking industry to pay for the bankruptcies of Silicon Valley Bank and Signature Bank last month.</p><p><p style=\"text-align: justify;\">Earlier, the media quoted sources as saying that the most likely outcome of First Republic Bank is to be taken over by the FDIC. If First Republic Bank is taken over by regulators, the FDIC will still ask other banks to make possible takeover bids. However, sources said at the time that there was still hope of finding a solution that would prevent First Republic from being taken over by the FDIC.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3687776\">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/ffc56982f828847b68443cfbde6a957b","relate_stocks":{"FRCB":"第一共和银行"},"source_url":"https://wallstreetcn.com/articles/3687776","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193243086","content_text":"作为吸收存款超过10%的大型银行，摩根大通的收购在监管方面存在障碍，但为了拯救第一共和银行，也存在破例的可能性。岌岌可危的第一共和银行迎来了意向方：摩根大通、PNC都有可能成为最终收购者。据彭博今日报道，美国联邦存款保险公司（FDIC）要求包括摩根大通和PNC金融服务集团在内的银行在周日之前提交对第一共和银行的最终报价。监管机构于周四向各家银行征求了意向，包括了解这些银行建议的报价以及对第一共和银行存款保险金的预估成本，并于周五邀请了两家公司参加了下一步的竞标过程。彭博表示，监管机构启动的竞标程序可能为第一共和银行的出售铺平道路，而不会像硅谷银行和签字银行倒闭时经历漫长的拍卖流程。此外，第一共和银行股票的断崖式下跌（今年以来下跌97%）已经使市值跌至仅有6.5亿美元，这可能也为收购提供了一定程度上的可行性。华尔街见闻今日早些时候曾介绍，包括FDIC、美国财政部和美联储在内的美国官员们正在协调与其他银行的会议，以促成对第一共和银行的救助计划。此前，第一共和银行的顾问们寻求让数家参与了一个月前救助行动的银行以高于市价的价格购买其资产。尽管买家买入即亏，但这些潜在买家在第一共和银行的300亿美元存款没有保险。如果他们认为第一共和银行即将破产，他们可能会面临彻底失去这笔钱的风险。此外，即使联邦政府动用紧急权力为这些存款提供担保，大型银行也需要向FDIC补充巨额资金。作为交易的一部分，多家出手救助的银行可以获得某种形式的股权。上述方案将导致出手相救的银行短期内蒙受损失，但从长远来看，可能比让第一共和银行倒闭并被监管机构接管的成本更低。监管障碍然而，尽管第一共和银行的市值已经所剩无几，但监管规定也可能为收购行动增加阻碍。由于摩根大通是全美少数几家吸收存款超过10%的大型银行，根据美国监管规定，该行没有资格再收购一家同样吸收存款的机构，这将令其规模再一次壮大。尽管如此，为了拯救第一共和银行，也存在破例的可能性。相比FDIC再次接管一家银行所必须付出的数十亿成本，FDIC更希望将解决方案限制在私营部门。此前该机构已经计划对银行业进行特别评估，以支付硅谷银行和签名银行上个月破产的费用。此前媒体援引消息人士称，第一共和银行最有可能的结果就是被FDIC接管。如果第一共和银行被监管机构接管，FDIC仍将问询其他银行，让他们进行可能的收购投标。不过消息人士当时称，也仍有希望找到一个第一共和不被FDIC接管的解决方案。","news_type":1,"symbols_score_info":{"FRCB":0.9,"FRC":0.9}},"isVote":1,"tweetType":1,"viewCount":2078,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}