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Hairi1906
Hairi1906
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2022-08-06
Good report
Alibaba Is Still Not A Buy, Here's Why
SummaryBABA gained close to 7% in pre-market trading on August 4th after reporting stronger-than-exp
Alibaba Is Still Not A Buy, Here's Why
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Hairi1906
Hairi1906
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2022-08-04
Good to know
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Hairi1906
Hairi1906
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2022-07-28
Good to know
U.S. Senate Passes Bill to Boost Chip Manufacturing, Compete With China
WASHINGTON, July 27 (Reuters) - The U.S. Senate on Wednesday passed sweeping legislation to subsidiz
U.S. Senate Passes Bill to Boost Chip Manufacturing, Compete With China
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Hairi1906
Hairi1906
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2022-07-28
Good to know
Dow Jumps 378 Points, Nasdaq Jumps 3.7% as Powell Says Fed Could Slow Pace of Rate Hikes
Stocks maintained gains Wednesday after the Federal Reserve announced its much anticipated 0.75 perc
Dow Jumps 378 Points, Nasdaq Jumps 3.7% as Powell Says Fed Could Slow Pace of Rate Hikes
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Hairi1906
Hairi1906
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2022-07-28
Good to know
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Hairi1906
Hairi1906
·
2021-09-20
Pull down is good news for discounted price
The One Indicator That Has Wall Street Biting Its Nails
The stock market dropped because there’s something scarier than taxes, tapers, and contagion.
The One Indicator That Has Wall Street Biting Its Nails
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Hairi1906
Hairi1906
·
2021-09-14
Go uphill again
S&P 500 snaps losing streak with tax hikes, inflation data on horizon
NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investo
S&P 500 snaps losing streak with tax hikes, inflation data on horizon
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Hairi1906
Hairi1906
·
2021-09-14
Go uphill again
S&P 500 snaps losing streak with tax hikes, inflation data on horizon
NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investo
S&P 500 snaps losing streak with tax hikes, inflation data on horizon
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Hairi1906
Hairi1906
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2021-09-13
Agree about square though
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Hairi1906
Hairi1906
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2021-09-10
Bitcoin is not predictable. This type of news doesnot help
Bitcoin Crash September 2021: What You Should Know
Summary Bitcoin will be Bitcoin and bucket shops will be bucket shops. Stocks, options, commodities
Bitcoin Crash September 2021: What You Should Know
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report","listText":"Good report","text":"Good report","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905967696","repostId":"1136904781","repostType":4,"repost":{"id":"1136904781","kind":"news","pubTimestamp":1659757961,"share":"https://ttm.financial/m/news/1136904781?lang=&edition=fundamental","pubTime":"2022-08-06 11:52","market":"us","language":"en","title":"Alibaba Is Still Not A Buy, Here's Why","url":"https://stock-news.laohu8.com/highlight/detail?id=1136904781","media":"Seeking Alpha","summary":"SummaryBABA gained close to 7% in pre-market trading on August 4th after reporting stronger-than-exp","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>BABA gained close to 7% in pre-market trading on August 4th after reporting stronger-than-expected F1Q23 results.</li><li>Revenues were flat from the prior year, its slowest growth on record, but still better than earlier expectations for declines given the challenging operating environment during the June quarter.</li><li>However, the risks that were associated with Alibaba stock's selloff over the past ~2 years remain in a fluid state, with no signs of respite in sight.</li><li>Paired with added challenges from a faltering economy at home and overseas, the stock is in for further volatility over coming months.</li></ul><p>Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF) stock rose close to 7% in post-earnings pre-market trading Thursday morning (August 4) after reporting better-than-expected results for its challenging fiscal first quarter. It beat consensus estimates on both revenues and EPS. Revenue came in at RMB 205.6 billion ($30.7 billion) for the June quarter, flat from the same period last year. Although it represented the slowest pace of growth on record, it was still welcomed by investors, as consensus had previously expected a decline for the first time in Alibaba's history due to sprawling city-wide lockdowns during April and May to stem the spread of COVID. Earnings for the June quarter also beat consensus estimates by $0.19 at $1.75, underscoring prudent cost controls amid inflationary pressure and increased costs of navigating through COVID disruptions.</p><p>Yet, sentiment on the Alibaba stock remains fragile. All of its gains from the May to July rally have been wiped out in recent weeks, with the stock now down close to 20% since the beginning of the year. Volatility remains the broad-based theme for Alibaba stock, as positive uptrends supported by signs of easing regulatory crackdowns, an improving COVID situation in China, and government stimulus to shore up the Chinese economy get torn down once again on news of heightened worries. The moderate uptrend in pre-market trading following a positive earnings surprise this morning also underscores market's cautions about the Alibaba stock.</p><p>While Alibaba's valuation appears attractive at current levels considering its robust balance sheet and still-dominant market share in e-commerce and cloud services in China, the investment continues to be overshadowed by risks that remain in a fluid situation. The fragility of Alibaba's rebounds observed over the past year underscores that the underlying risks to the investment continue to "outweigh any favorable valuation."</p><p>Considering Alibaba's long-term fundamental growth and valuation multiple expansion outlook remains a big question mark, with all of its biggest underlying risks still in a highly fluid situation that exhibits no structural signs of improvement, the stock holds almost nothing to stand on its own against the added challenge from brewing broad-based macro headwinds. Alibaba could potentially trend lower in the near-term, as its core Chinese market and adjacent international markets grapple with a faltering macroeconomic backdrop, making it a high-risk investment pick despite what look like attractive valuations compared to peers in a similar business.</p><p><b>The Risks Are Still There</b></p><p>Alibaba stock's downturn began in late 2020, when heightening regulatory concerns drove a "valuation reset" in U.S.-listed Chinese equities. The situation has continued to take a turn for the worse since, as the regulatory headwinds started to take an effect on Alibaba's fundamental performance. The added impact from recent macroeconomic headwinds, spanning COVID disruptions in China, and a faltering domestic and global economy have only exacerbated the unfavorable results.</p><p><b>1. Regulatory Crackdowns</b></p><p>Recent signs of easing scrutiny by Chinese authorities have done little in salvaging the losses sustained by the broader cohort of U.S.-listed Chinese stocks, including Alibaba.</p><p>Despite repeated vows to support market stability and calls that the extended regulatory crackdowns on the private sector - especially internet companies - are nearing an end, the ensuing rally was short-lived as investors' confidence buckled at the lack of concrete measures taken to date to salvage the carnage across Chinese equities.</p><p>And, despite recent optimism stemming from the end to high-profile probes, the regulatory risks remain prominent, with investors' confidence also giving in. Markets continued to punish the stock at the first sign of regulatory weakness, as observed in recent declines following reports that Alibaba was levied a RMB 2.5 million($375,000) fine in early July for violating state rules on previous acquisition disclosures. Its cloud unit was recently investigated for association with one of the country's largest data breaches in history.</p><p>In addition to fines, the regulatory scrutiny surrounding Alibaba's business has also resulted in other adverse impacts to its fundamental performance. The company's cloud-computing unit, Alicloud, is slowly losing market share to its state-backed peers due to increasing national security concerns within the public sector. The unit's market share in China fell from 46% in 2019 to 37% in 2021, while state-backed peer Huawei's cloud market share doubled over the same period. Despite still being the largest public cloud service provider in China, Alicloud is no longer the preferred choice, threatening Alibaba's consolidated bottom-line performance. This is further corroborated by the deceleration in Alibaba's highly profitable cloud business observed in the fiscal first quarter - the segment's revenues only grew 10% y/y, the slowest pace on record.</p><p>The company has also reduced the size of its in-house investments unit. This is consistent with our earlier observations that it will only be a matter of time until Alibaba follows suit on its peers' pre-emptive moves in unloading investments and shutting down internal deal departments. Investments have played a substantial role in the development of Alibaba's comprehensive Internet ecosystem and related success in past years. The recent downsizing of Alibaba's deals, team operations, and subsequent reduction on external investments are expected to drive significant adverse implications to its fundamental performance, in addition to slowed growth observed in recent quarters, adding further pressure to its valuation prospects down the road.</p><p>Yet, given the regulatory overhaul that has taken place over the past year, Alibaba's growth profile is unlikely to return to its explosive past, meaning any structural valuation upsides - which remains an area of high uncertainty - will be in moderation.</p><p><b>2. Holding Foreign Companies Accountable Act ("HFCAA")</b></p><p>Chinese equities also remain hostages to the HFCAA still, as the U.S. SEC steps up efforts to ensure all issuers in the U.S. stock exchange are subject to the same rules and regulatory treatment, including compliance with PCAOB audit inspection requirements. Mainland China and Hong Kong remain the only regions that have not yet complied with PCAOB audit inspection requests.</p><p>Alibaba was recently added to the rolling list of delinquent issuers whose auditors have failed to comply with PCAOB inspection requests, renewing investors' fears of delisting risks for the stock. This has effectively started the clock on a three-year countdown for Alibaba, subjecting it to potential delisting from the NYSE if Chinese regulators cannot reach an agreement with the SEC and PCAOB on opening up the books of its domestic enterprises for inspection.</p><p>In the latest development, the China Securities Regulatory Commission ("CSRC") is "considering allowing U.S. officials to inspect documents on firms that do not possess sensitive data," but the agency would still like the ability to "withhold sensitive data from inspection" where applicable on the grounds of national security concerns. However, the offer still does not address the key reason for PCAOB audit inspections, which is the need to assess "unredacted" audit papers to ensure information reported in publicly disclosed financial statements are reasonable and free from material misstatements. Negotiations are ongoing, but the two countries "have yet to reach a conclusive agreement on moving forward with the checks."</p><p>As mentioned in our initial coverages on Chinese equities, increasing institutional exits due to burgeoning regulatory and economic risks in China will continue to drive downward valuation adjustments to the cohort until a concrete resolution is reached. This is further corroborated by the recent pullback in foreign funding allocation towards Chinese equities as discussed in earlier sections, given "increased skepticism among U.S. pension funds and endowments about the growing political and market risks of Asia's largest economy." Many foreign investors have abstained from committing new allocations to Chinese funds over the past 12 months, while "Florida's pension system has halted new investments in China [altogether] as it assesses the risks." Investments in China stemming from U.S. dollar-denominated funds have fallen for the third consecutive quarter to $1.4 billion as of March 31, marking the lowest sum since 2018. As a result, the valuation multiples on Chinese equities are continuing to lose their luster as institutional investors remain on the side-lines.</p><p>While Alibaba's recent plans to pursue a primary listing in Hong Kong would open the door to incremental capital from mainland investors, related trading volumes remain a far cry from those in the U.S. - the average daily trading volume for Alibaba stocks in Hong Kong last month was "about $700 million, compared to about $3.2 billion in the U.S." Although plans for a primary Hong Kong listing were viewed as a positive development by market participants, uncertainties over the Alibaba stock's future on the U.S. exchange remain a deterring factor to investors, considering declines observed last week following the announcement of the company's addition to the SEC's HFCAA shortlist as discussed in the earlier section.</p><p><b>3. Global Economic Uncertainties</b></p><p>Even internal improvements at Alibaba, including stronger-than-expected March quarter results, improved retail trends observed during the "618" bargain shopping event, and plans for a primary listing in Hong Kong by year-end, have been unsuccessful in staging a sustained rally for the stock.</p><p>This has added pressure to Alibaba's recent intentions to pivot its core Chinese commerce strategy from user acquisition to retention. Gross merchandise value - which measures the total value of transactions completed on Alibaba's core commerce platforms - in its core China commerce retail segment "declined mid-single-digit y/y" during the June quarter, with a meaningful drop in demand for discretionary goods accounting for the bulk of the setback. However, Alibaba's "88VIP" members - similar to Amazon Prime(AMZN) members - demonstrated strong purchasing behavior during the annual 618 shopping event, providing slight relief to the period's GMV decline thanks to budget-conscious bargain hunting as consumer wallets shrink.</p><p>The slowing global economy is also threatening to derail Alibaba's recent shift in focus to growing its international e-commerce platforms. Alibaba's international commerce retail segment revenues declined by 3% y/y, while order volumes declined by 4% y/y during the June quarter. Rising inflation and tightening central bank policies across Alibaba's major overseas markets, including the U.S. and Europe, have resulted in weakening consumer discretionary spending, disrupting Alibaba's plans to compensate for deceleration in its domestic commerce business with international growth. The challenges have been further exacerbated by the EU's removal of VAT exemptions on Chinese imports, which has directly impacted order volumes on AliExpress in recent quarters. Increasing competition in Southeast Asia is also thwarting Alibaba's ambitions in international e-commerce, as observed by consecutive quarters of deceleration in order volumes at Lazada.</p><p><b>Alibaba Stock - Fundamental and Valuation Update</b></p><p>Adjusting our previous forecast for Alibaba's actual June quarter financial results and recent developments in its operating environment as discussed in the foregoing analysis, the company is expected to generate consolidated revenues of RMB 901.5 billion ($135.2 billion) for fiscal 2023, which represents moderate y/y growth of 6%. The adjustments take into consideration the downward shift in performance at segments - namely, Alicloud and international retail commerce - that were supposed to uplift Alibaba's growth trajectory and offset the near-term uncertainties within its core Chinese retail commerce business. Specifically, the modest growth rate applied on fiscal 2023 revenue projections intend to reflect the near-term headwinds pertaining to fundamental impacts from ongoing regulatory challenges, as well as global macro uncertainties.</p><p>And over the longer-term, we expect the consolidated business to grow at a modest five-year CAGR of 4.6%, with Alicloud being the core driver. As mentioned in the foregoing analysis, the regulatory have materially transformed the explosive growth that Chinese big tech had once benefited from over the past few years. We expect any recovery to Alibaba's business over the longer-term to remain in moderation.</p><p><img src=\"https://static.tigerbbs.com/1b23ccb7b6e755cf0baabe2ebb626b35\" tg-width=\"640\" tg-height=\"167\" referrerpolicy=\"no-referrer\"/></p><p>Alibaba Financial Forecast (RMB) (Author)</p><p><img src=\"https://static.tigerbbs.com/49f4dec53abacb221e7b157ebc0da0ec\" tg-width=\"640\" tg-height=\"166\" referrerpolicy=\"no-referrer\"/></p><p>Alibaba Financial Forecast (USD) (Author)</p><p>On the valuation front, we are maintaining a neutral stance on the stock with an expectation that the shares will remain in flux within the $100-range in the near-term. The valuation analysis assumes a perpetual growth rate in line with China's long-term GDP outlook considering Alibaba's growth profile as one of the largest big tech businesses in the world, adjusted by its current trading discount to U.S. counterparts like Amazon to account for the Chinese sector's risks.</p><p><img src=\"https://static.tigerbbs.com/7d51c258a7e0988da0491680f467d4a9\" tg-width=\"640\" tg-height=\"250\" referrerpolicy=\"no-referrer\"/></p><p>Alibaba Valuation Analysis (Author)</p><p>However, considering the near-term macro uncertainties across both its domestic Chinese market and international markets, the Alibaba stock could potentially trend lower and contest the $80-range again - this bear case figure implies a perpetual growth rate in line with China's long-term GDP outlook, further discounted by a downward valuation adjustment in the extent of those experienced by peers in the tech industry during the heights of their regulatory turmoil.</p><p><img src=\"https://static.tigerbbs.com/478fbc394cf5dd111f0a9104aebcd4b0\" tg-width=\"640\" tg-height=\"153\" referrerpolicy=\"no-referrer\"/></p><p>Alibaba Valuation Sensitivity (Author)</p><p>Any structural momentum above the $100-range would require concrete evidence from both Alibaba and the Chinese government in maintaining resilience in the face of a faltering economy, and providing support for the private sector, respectively, in order to restore investors' confidence in the performance of U.S.-listed Chinese equities.</p><p><b>Final Thoughts</b></p><p>In the ongoing tug-of-war between attractive valuations and a growing profile of underlying risks, the latter continues to take a stronger hold on the Alibaba stock. Reiterating our stance from previous discussions, volatility remains the broad-based theme for the Alibaba stock, with no concrete near-term catalysts to offer respite.</p><p>For one, ongoing regulatory and delisting headwinds are not only warranting a downward valuation reset compared to its U.S. counterparts, but also risking erosion into Alibaba's fundamental performance - a double-whammy to its market value.</p><p>Investors continue to yearn for concrete resolutions to the challenging external environment for Chinese equities. However, this is likely still a while away, and even then, any upside recovery will be in moderation given that the old days of sprawling growth are likely no more.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Is Still Not A Buy, Here's Why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Is Still Not A Buy, Here's Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-06 11:52 GMT+8 <a href=https://seekingalpha.com/article/4529653-alibaba-is-still-not-a-buy-heres-why?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A71><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryBABA gained close to 7% in pre-market trading on August 4th after reporting stronger-than-expected F1Q23 results.Revenues were flat from the prior year, its slowest growth on record, but still ...</p>\n\n<a href=\"https://seekingalpha.com/article/4529653-alibaba-is-still-not-a-buy-heres-why?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A71\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4529653-alibaba-is-still-not-a-buy-heres-why?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A71","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136904781","content_text":"SummaryBABA gained close to 7% in pre-market trading on August 4th after reporting stronger-than-expected F1Q23 results.Revenues were flat from the prior year, its slowest growth on record, but still better than earlier expectations for declines given the challenging operating environment during the June quarter.However, the risks that were associated with Alibaba stock's selloff over the past ~2 years remain in a fluid state, with no signs of respite in sight.Paired with added challenges from a faltering economy at home and overseas, the stock is in for further volatility over coming months.Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF) stock rose close to 7% in post-earnings pre-market trading Thursday morning (August 4) after reporting better-than-expected results for its challenging fiscal first quarter. It beat consensus estimates on both revenues and EPS. Revenue came in at RMB 205.6 billion ($30.7 billion) for the June quarter, flat from the same period last year. Although it represented the slowest pace of growth on record, it was still welcomed by investors, as consensus had previously expected a decline for the first time in Alibaba's history due to sprawling city-wide lockdowns during April and May to stem the spread of COVID. Earnings for the June quarter also beat consensus estimates by $0.19 at $1.75, underscoring prudent cost controls amid inflationary pressure and increased costs of navigating through COVID disruptions.Yet, sentiment on the Alibaba stock remains fragile. All of its gains from the May to July rally have been wiped out in recent weeks, with the stock now down close to 20% since the beginning of the year. Volatility remains the broad-based theme for Alibaba stock, as positive uptrends supported by signs of easing regulatory crackdowns, an improving COVID situation in China, and government stimulus to shore up the Chinese economy get torn down once again on news of heightened worries. The moderate uptrend in pre-market trading following a positive earnings surprise this morning also underscores market's cautions about the Alibaba stock.While Alibaba's valuation appears attractive at current levels considering its robust balance sheet and still-dominant market share in e-commerce and cloud services in China, the investment continues to be overshadowed by risks that remain in a fluid situation. The fragility of Alibaba's rebounds observed over the past year underscores that the underlying risks to the investment continue to \"outweigh any favorable valuation.\"Considering Alibaba's long-term fundamental growth and valuation multiple expansion outlook remains a big question mark, with all of its biggest underlying risks still in a highly fluid situation that exhibits no structural signs of improvement, the stock holds almost nothing to stand on its own against the added challenge from brewing broad-based macro headwinds. Alibaba could potentially trend lower in the near-term, as its core Chinese market and adjacent international markets grapple with a faltering macroeconomic backdrop, making it a high-risk investment pick despite what look like attractive valuations compared to peers in a similar business.The Risks Are Still ThereAlibaba stock's downturn began in late 2020, when heightening regulatory concerns drove a \"valuation reset\" in U.S.-listed Chinese equities. The situation has continued to take a turn for the worse since, as the regulatory headwinds started to take an effect on Alibaba's fundamental performance. The added impact from recent macroeconomic headwinds, spanning COVID disruptions in China, and a faltering domestic and global economy have only exacerbated the unfavorable results.1. Regulatory CrackdownsRecent signs of easing scrutiny by Chinese authorities have done little in salvaging the losses sustained by the broader cohort of U.S.-listed Chinese stocks, including Alibaba.Despite repeated vows to support market stability and calls that the extended regulatory crackdowns on the private sector - especially internet companies - are nearing an end, the ensuing rally was short-lived as investors' confidence buckled at the lack of concrete measures taken to date to salvage the carnage across Chinese equities.And, despite recent optimism stemming from the end to high-profile probes, the regulatory risks remain prominent, with investors' confidence also giving in. Markets continued to punish the stock at the first sign of regulatory weakness, as observed in recent declines following reports that Alibaba was levied a RMB 2.5 million($375,000) fine in early July for violating state rules on previous acquisition disclosures. Its cloud unit was recently investigated for association with one of the country's largest data breaches in history.In addition to fines, the regulatory scrutiny surrounding Alibaba's business has also resulted in other adverse impacts to its fundamental performance. The company's cloud-computing unit, Alicloud, is slowly losing market share to its state-backed peers due to increasing national security concerns within the public sector. The unit's market share in China fell from 46% in 2019 to 37% in 2021, while state-backed peer Huawei's cloud market share doubled over the same period. Despite still being the largest public cloud service provider in China, Alicloud is no longer the preferred choice, threatening Alibaba's consolidated bottom-line performance. This is further corroborated by the deceleration in Alibaba's highly profitable cloud business observed in the fiscal first quarter - the segment's revenues only grew 10% y/y, the slowest pace on record.The company has also reduced the size of its in-house investments unit. This is consistent with our earlier observations that it will only be a matter of time until Alibaba follows suit on its peers' pre-emptive moves in unloading investments and shutting down internal deal departments. Investments have played a substantial role in the development of Alibaba's comprehensive Internet ecosystem and related success in past years. The recent downsizing of Alibaba's deals, team operations, and subsequent reduction on external investments are expected to drive significant adverse implications to its fundamental performance, in addition to slowed growth observed in recent quarters, adding further pressure to its valuation prospects down the road.Yet, given the regulatory overhaul that has taken place over the past year, Alibaba's growth profile is unlikely to return to its explosive past, meaning any structural valuation upsides - which remains an area of high uncertainty - will be in moderation.2. Holding Foreign Companies Accountable Act (\"HFCAA\")Chinese equities also remain hostages to the HFCAA still, as the U.S. SEC steps up efforts to ensure all issuers in the U.S. stock exchange are subject to the same rules and regulatory treatment, including compliance with PCAOB audit inspection requirements. Mainland China and Hong Kong remain the only regions that have not yet complied with PCAOB audit inspection requests.Alibaba was recently added to the rolling list of delinquent issuers whose auditors have failed to comply with PCAOB inspection requests, renewing investors' fears of delisting risks for the stock. This has effectively started the clock on a three-year countdown for Alibaba, subjecting it to potential delisting from the NYSE if Chinese regulators cannot reach an agreement with the SEC and PCAOB on opening up the books of its domestic enterprises for inspection.In the latest development, the China Securities Regulatory Commission (\"CSRC\") is \"considering allowing U.S. officials to inspect documents on firms that do not possess sensitive data,\" but the agency would still like the ability to \"withhold sensitive data from inspection\" where applicable on the grounds of national security concerns. However, the offer still does not address the key reason for PCAOB audit inspections, which is the need to assess \"unredacted\" audit papers to ensure information reported in publicly disclosed financial statements are reasonable and free from material misstatements. Negotiations are ongoing, but the two countries \"have yet to reach a conclusive agreement on moving forward with the checks.\"As mentioned in our initial coverages on Chinese equities, increasing institutional exits due to burgeoning regulatory and economic risks in China will continue to drive downward valuation adjustments to the cohort until a concrete resolution is reached. This is further corroborated by the recent pullback in foreign funding allocation towards Chinese equities as discussed in earlier sections, given \"increased skepticism among U.S. pension funds and endowments about the growing political and market risks of Asia's largest economy.\" Many foreign investors have abstained from committing new allocations to Chinese funds over the past 12 months, while \"Florida's pension system has halted new investments in China [altogether] as it assesses the risks.\" Investments in China stemming from U.S. dollar-denominated funds have fallen for the third consecutive quarter to $1.4 billion as of March 31, marking the lowest sum since 2018. As a result, the valuation multiples on Chinese equities are continuing to lose their luster as institutional investors remain on the side-lines.While Alibaba's recent plans to pursue a primary listing in Hong Kong would open the door to incremental capital from mainland investors, related trading volumes remain a far cry from those in the U.S. - the average daily trading volume for Alibaba stocks in Hong Kong last month was \"about $700 million, compared to about $3.2 billion in the U.S.\" Although plans for a primary Hong Kong listing were viewed as a positive development by market participants, uncertainties over the Alibaba stock's future on the U.S. exchange remain a deterring factor to investors, considering declines observed last week following the announcement of the company's addition to the SEC's HFCAA shortlist as discussed in the earlier section.3. Global Economic UncertaintiesEven internal improvements at Alibaba, including stronger-than-expected March quarter results, improved retail trends observed during the \"618\" bargain shopping event, and plans for a primary listing in Hong Kong by year-end, have been unsuccessful in staging a sustained rally for the stock.This has added pressure to Alibaba's recent intentions to pivot its core Chinese commerce strategy from user acquisition to retention. Gross merchandise value - which measures the total value of transactions completed on Alibaba's core commerce platforms - in its core China commerce retail segment \"declined mid-single-digit y/y\" during the June quarter, with a meaningful drop in demand for discretionary goods accounting for the bulk of the setback. However, Alibaba's \"88VIP\" members - similar to Amazon Prime(AMZN) members - demonstrated strong purchasing behavior during the annual 618 shopping event, providing slight relief to the period's GMV decline thanks to budget-conscious bargain hunting as consumer wallets shrink.The slowing global economy is also threatening to derail Alibaba's recent shift in focus to growing its international e-commerce platforms. Alibaba's international commerce retail segment revenues declined by 3% y/y, while order volumes declined by 4% y/y during the June quarter. Rising inflation and tightening central bank policies across Alibaba's major overseas markets, including the U.S. and Europe, have resulted in weakening consumer discretionary spending, disrupting Alibaba's plans to compensate for deceleration in its domestic commerce business with international growth. The challenges have been further exacerbated by the EU's removal of VAT exemptions on Chinese imports, which has directly impacted order volumes on AliExpress in recent quarters. Increasing competition in Southeast Asia is also thwarting Alibaba's ambitions in international e-commerce, as observed by consecutive quarters of deceleration in order volumes at Lazada.Alibaba Stock - Fundamental and Valuation UpdateAdjusting our previous forecast for Alibaba's actual June quarter financial results and recent developments in its operating environment as discussed in the foregoing analysis, the company is expected to generate consolidated revenues of RMB 901.5 billion ($135.2 billion) for fiscal 2023, which represents moderate y/y growth of 6%. The adjustments take into consideration the downward shift in performance at segments - namely, Alicloud and international retail commerce - that were supposed to uplift Alibaba's growth trajectory and offset the near-term uncertainties within its core Chinese retail commerce business. Specifically, the modest growth rate applied on fiscal 2023 revenue projections intend to reflect the near-term headwinds pertaining to fundamental impacts from ongoing regulatory challenges, as well as global macro uncertainties.And over the longer-term, we expect the consolidated business to grow at a modest five-year CAGR of 4.6%, with Alicloud being the core driver. As mentioned in the foregoing analysis, the regulatory have materially transformed the explosive growth that Chinese big tech had once benefited from over the past few years. We expect any recovery to Alibaba's business over the longer-term to remain in moderation.Alibaba Financial Forecast (RMB) (Author)Alibaba Financial Forecast (USD) (Author)On the valuation front, we are maintaining a neutral stance on the stock with an expectation that the shares will remain in flux within the $100-range in the near-term. The valuation analysis assumes a perpetual growth rate in line with China's long-term GDP outlook considering Alibaba's growth profile as one of the largest big tech businesses in the world, adjusted by its current trading discount to U.S. counterparts like Amazon to account for the Chinese sector's risks.Alibaba Valuation Analysis (Author)However, considering the near-term macro uncertainties across both its domestic Chinese market and international markets, the Alibaba stock could potentially trend lower and contest the $80-range again - this bear case figure implies a perpetual growth rate in line with China's long-term GDP outlook, further discounted by a downward valuation adjustment in the extent of those experienced by peers in the tech industry during the heights of their regulatory turmoil.Alibaba Valuation Sensitivity (Author)Any structural momentum above the $100-range would require concrete evidence from both Alibaba and the Chinese government in maintaining resilience in the face of a faltering economy, and providing support for the private sector, respectively, in order to restore investors' confidence in the performance of U.S.-listed Chinese equities.Final ThoughtsIn the ongoing tug-of-war between attractive valuations and a growing profile of underlying risks, the latter continues to take a stronger hold on the Alibaba stock. Reiterating our stance from previous discussions, volatility remains the broad-based theme for the Alibaba stock, with no concrete near-term catalysts to offer respite.For one, ongoing regulatory and delisting headwinds are not only warranting a downward valuation reset compared to its U.S. counterparts, but also risking erosion into Alibaba's fundamental performance - a double-whammy to its market value.Investors continue to yearn for concrete resolutions to the challenging external environment for Chinese equities. However, this is likely still a while away, and even then, any upside recovery will be in moderation given that the old days of sprawling growth are likely no more.","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":2840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906713808,"gmtCreate":1659588333807,"gmtModify":1705981974355,"author":{"id":"4089008833435220","authorId":"4089008833435220","name":"Hairi1906","avatar":"https://static.tigerbbs.com/39825b08bb6e32b23bf924004bf6f053","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089008833435220","idStr":"4089008833435220"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906713808","repostId":"2256282915","repostType":4,"isVote":1,"tweetType":1,"viewCount":2185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9903309811,"gmtCreate":1658968206733,"gmtModify":1676536236062,"author":{"id":"4089008833435220","authorId":"4089008833435220","name":"Hairi1906","avatar":"https://static.tigerbbs.com/39825b08bb6e32b23bf924004bf6f053","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089008833435220","idStr":"4089008833435220"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903309811","repostId":"1101877814","repostType":4,"repost":{"id":"1101877814","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1658964930,"share":"https://ttm.financial/m/news/1101877814?lang=&edition=fundamental","pubTime":"2022-07-28 07:35","market":"us","language":"en","title":"U.S. Senate Passes Bill to Boost Chip Manufacturing, Compete With China","url":"https://stock-news.laohu8.com/highlight/detail?id=1101877814","media":"Reuters","summary":"WASHINGTON, July 27 (Reuters) - The U.S. Senate on Wednesday passed sweeping legislation to subsidiz","content":"<html><head></head><body><p>WASHINGTON, July 27 (Reuters) - The U.S. Senate on Wednesday passed sweeping legislation to subsidize the domestic semiconductor industry, hoping to boost companies as they compete with China and alleviate a persistent shortage that has affected everything from cars, weapons, washing machines and video games.</p><p>The House of Representatives plans to vote on Thursday on the long-awaited bill after the Senate passed it on a 64 to 33 bipartisan vote. If approved as expected, President Joe Biden plans to sign it into law early next week.</p><p>The "Chips and Science" act provides about $52 billion in government subsidies for U.S. semiconductor production and an investment tax credit for chip plants estimated to be worth $24 billion.</p><p>The legislation would also authorize more than $170 billion over five years to boost U.S. scientific research to better compete with China. Congress would still need to pass separate appropriations legislation to fund those investments.</p><p>"This legislation is going to create good paying jobs, it will alleviate supply chains, it will help lower costs, and it will protect America’s national security interests," the Senate's Democratic majority leader, Chuck Schumer.</p><p>Senator Mark Warner said the bill would help fund 10 to 15 new semiconductor factories. "If we had not done this, there would not be another American semiconductor manufacturing plant ever built in this country," Warner said.</p><p>Most of the funding was slated for new factories that will take two or three years to build. Boeing Co said it still faces supply chain issues from chips shortages.</p><p>On Tuesday, General Motors Co said it had more than 90,000 unfinished vehicles, mostly trucks and SUVs, waiting for chips and other parts. Thousands are parked in southeast Michigan.</p><p>Lawmakers said they normally would not support hefty subsidies for private businesses but noted that China and the European Union have been awarding billions in incentives. They also cited national security risks.</p><p>"What we became convinced of is there was a real problem here," Senator Maria Cantwell. "When faced with what is really a threat to the United States competitiveness, we responded... There were people betting against us."</p><p><b>MONTHS OF WORK</b></p><p>The bill's enactment into law would come after well over a year of work. A more extensive version of the legislation passed the Senate with great fanfare in June 2021, but stalled in the House. This frustrated lawmakers from both parties who view competition with China and global supply chain issues as top priorities.</p><p>To spur Congress to act, Biden and other supporters of the bill cast the issue in national security terms, saying it was essential to ensure U.S. production of chips crucial to a wide range of consumer goods and military equipment.</p><p>Senator Mark Kelly said if the U.S. lost access to chips made in Taiwan it could shrink U.S. Gross Domestic Product by 10% and cripple auto production.</p><p>Biden urged the House to quickly pass the bill.</p><p>"As Americans are worried about the state of the economy and the cost of living, the CHIPS bill is one answer: it will accelerate the manufacturing of semiconductors in America, lowering prices on everything from cars to dishwashers," he said in a statement after the Senate vote.</p><p>Critics like Senator Bernie Sanders - the only member of the Senate Democratic caucus to vote against the bill - have called the measure a "blank check" to highly profitable chip manufacturers.</p><p>Lawmakers are working on other provisions that could address other supply chain vulnerabilities.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Senate Passes Bill to Boost Chip Manufacturing, Compete With China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Senate Passes Bill to Boost Chip Manufacturing, Compete With China\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-07-28 07:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>WASHINGTON, July 27 (Reuters) - The U.S. Senate on Wednesday passed sweeping legislation to subsidize the domestic semiconductor industry, hoping to boost companies as they compete with China and alleviate a persistent shortage that has affected everything from cars, weapons, washing machines and video games.</p><p>The House of Representatives plans to vote on Thursday on the long-awaited bill after the Senate passed it on a 64 to 33 bipartisan vote. If approved as expected, President Joe Biden plans to sign it into law early next week.</p><p>The "Chips and Science" act provides about $52 billion in government subsidies for U.S. semiconductor production and an investment tax credit for chip plants estimated to be worth $24 billion.</p><p>The legislation would also authorize more than $170 billion over five years to boost U.S. scientific research to better compete with China. Congress would still need to pass separate appropriations legislation to fund those investments.</p><p>"This legislation is going to create good paying jobs, it will alleviate supply chains, it will help lower costs, and it will protect America’s national security interests," the Senate's Democratic majority leader, Chuck Schumer.</p><p>Senator Mark Warner said the bill would help fund 10 to 15 new semiconductor factories. "If we had not done this, there would not be another American semiconductor manufacturing plant ever built in this country," Warner said.</p><p>Most of the funding was slated for new factories that will take two or three years to build. Boeing Co said it still faces supply chain issues from chips shortages.</p><p>On Tuesday, General Motors Co said it had more than 90,000 unfinished vehicles, mostly trucks and SUVs, waiting for chips and other parts. Thousands are parked in southeast Michigan.</p><p>Lawmakers said they normally would not support hefty subsidies for private businesses but noted that China and the European Union have been awarding billions in incentives. They also cited national security risks.</p><p>"What we became convinced of is there was a real problem here," Senator Maria Cantwell. "When faced with what is really a threat to the United States competitiveness, we responded... There were people betting against us."</p><p><b>MONTHS OF WORK</b></p><p>The bill's enactment into law would come after well over a year of work. A more extensive version of the legislation passed the Senate with great fanfare in June 2021, but stalled in the House. This frustrated lawmakers from both parties who view competition with China and global supply chain issues as top priorities.</p><p>To spur Congress to act, Biden and other supporters of the bill cast the issue in national security terms, saying it was essential to ensure U.S. production of chips crucial to a wide range of consumer goods and military equipment.</p><p>Senator Mark Kelly said if the U.S. lost access to chips made in Taiwan it could shrink U.S. Gross Domestic Product by 10% and cripple auto production.</p><p>Biden urged the House to quickly pass the bill.</p><p>"As Americans are worried about the state of the economy and the cost of living, the CHIPS bill is one answer: it will accelerate the manufacturing of semiconductors in America, lowering prices on everything from cars to dishwashers," he said in a statement after the Senate vote.</p><p>Critics like Senator Bernie Sanders - the only member of the Senate Democratic caucus to vote against the bill - have called the measure a "blank check" to highly profitable chip manufacturers.</p><p>Lawmakers are working on other provisions that could address other supply chain vulnerabilities.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ASML":"阿斯麦","INTC":"英特尔","NVDA":"英伟达","QCOM":"高通","TSM":"台积电","AMD":"美国超微公司"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101877814","content_text":"WASHINGTON, July 27 (Reuters) - The U.S. Senate on Wednesday passed sweeping legislation to subsidize the domestic semiconductor industry, hoping to boost companies as they compete with China and alleviate a persistent shortage that has affected everything from cars, weapons, washing machines and video games.The House of Representatives plans to vote on Thursday on the long-awaited bill after the Senate passed it on a 64 to 33 bipartisan vote. If approved as expected, President Joe Biden plans to sign it into law early next week.The \"Chips and Science\" act provides about $52 billion in government subsidies for U.S. semiconductor production and an investment tax credit for chip plants estimated to be worth $24 billion.The legislation would also authorize more than $170 billion over five years to boost U.S. scientific research to better compete with China. Congress would still need to pass separate appropriations legislation to fund those investments.\"This legislation is going to create good paying jobs, it will alleviate supply chains, it will help lower costs, and it will protect America’s national security interests,\" the Senate's Democratic majority leader, Chuck Schumer.Senator Mark Warner said the bill would help fund 10 to 15 new semiconductor factories. \"If we had not done this, there would not be another American semiconductor manufacturing plant ever built in this country,\" Warner said.Most of the funding was slated for new factories that will take two or three years to build. Boeing Co said it still faces supply chain issues from chips shortages.On Tuesday, General Motors Co said it had more than 90,000 unfinished vehicles, mostly trucks and SUVs, waiting for chips and other parts. Thousands are parked in southeast Michigan.Lawmakers said they normally would not support hefty subsidies for private businesses but noted that China and the European Union have been awarding billions in incentives. They also cited national security risks.\"What we became convinced of is there was a real problem here,\" Senator Maria Cantwell. \"When faced with what is really a threat to the United States competitiveness, we responded... There were people betting against us.\"MONTHS OF WORKThe bill's enactment into law would come after well over a year of work. A more extensive version of the legislation passed the Senate with great fanfare in June 2021, but stalled in the House. This frustrated lawmakers from both parties who view competition with China and global supply chain issues as top priorities.To spur Congress to act, Biden and other supporters of the bill cast the issue in national security terms, saying it was essential to ensure U.S. production of chips crucial to a wide range of consumer goods and military equipment.Senator Mark Kelly said if the U.S. lost access to chips made in Taiwan it could shrink U.S. Gross Domestic Product by 10% and cripple auto production.Biden urged the House to quickly pass the bill.\"As Americans are worried about the state of the economy and the cost of living, the CHIPS bill is one answer: it will accelerate the manufacturing of semiconductors in America, lowering prices on everything from cars to dishwashers,\" he said in a statement after the Senate vote.Critics like Senator Bernie Sanders - the only member of the Senate Democratic caucus to vote against the bill - have called the measure a \"blank check\" to highly profitable chip manufacturers.Lawmakers are working on other provisions that could address other supply chain vulnerabilities.","news_type":1,"symbols_score_info":{"NVDA":0.9,"INTC":0.9,"ASML":0.9,"AMD":0.9,"TSM":0.9,"QCOM":0.9}},"isVote":1,"tweetType":1,"viewCount":3298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9903309387,"gmtCreate":1658968191349,"gmtModify":1676536236038,"author":{"id":"4089008833435220","authorId":"4089008833435220","name":"Hairi1906","avatar":"https://static.tigerbbs.com/39825b08bb6e32b23bf924004bf6f053","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089008833435220","idStr":"4089008833435220"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903309387","repostId":"1117463420","repostType":4,"repost":{"id":"1117463420","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1658947716,"share":"https://ttm.financial/m/news/1117463420?lang=&edition=fundamental","pubTime":"2022-07-28 02:48","market":"us","language":"en","title":"Dow Jumps 378 Points, Nasdaq Jumps 3.7% as Powell Says Fed Could Slow Pace of Rate Hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=1117463420","media":"Tiger Newspress","summary":"Stocks maintained gains Wednesday after the Federal Reserve announced its much anticipated 0.75 perc","content":"<html><head></head><body><p>Stocks maintained gains Wednesday after the Federal Reserve announced its much anticipated 0.75 percentage point rate increaseto fight inflation, at the conclusion of its two-day meeting.</p><p>The Dow Jones Industrial Average jumped 378.52 points, or 1.19%. The S&P 500 gained 2.3%, and the Nasdaq Composite increased 3.74%. Tech shares led gains after better-than-feared results from Alphabet and Microsoft.<img src=\"https://static.tigerbbs.com/7839c9a17c60ac55d40ed0546edc0a81\" tg-width=\"950\" tg-height=\"168\" width=\"100%\" height=\"auto\"/>Stocks hit their highs of the session as Powell left the door open about the size of the rate move at its next meeting in September and noted the central bank would eventually slow the magnitude of rate hikes. Powell said the Fed could hike by 0.75 percentage point again in September, but that it would be dependent on the data. He added, “As the stance of monetary policy tightens further, it likely will become appropriate to slow the pace of increases.”</p><p>The Fed’s second consecutive big hike was widely expected. The Fed statement was much the same although the central bank did give a nod to the slowing economy byadding a linesaying, “Recent indicators of spending and production have softened.”</p><p>“The Fed’s move brings the benchmark fed funds rate back to 2019 levels, the peak of the last cycle,” said Greg McBride, Bankrate’s chief financial analyst. “With inflation still running at four-decade highs, the Fed doesn’t have the luxury of calling it quits here, though the pace will likely slow if a long-awaited moderation in inflation materializes.”</p><p>While some investors hope to see a dovish pivot from the Fed later in the year, others continue to worry that the central bank’s ongoing efforts to lower inflation will push the economy into a recession – which many regard as two consecutive quarters of negative GDP readings. However, the National Bureau of Economic Research, the official arbiter of recessions,uses multiple other factors to determine one. Second quarter GDP data is due out Thursday. First quarter GDP declined by 1.6%.</p><p>“With so many moving parts to consider, we expect markets to remain volatile after the FOMC meeting,” wrote Mark Haefele of UBS Global Wealth Management. “With the markets anticipating a 3.3% fed funds rate by year-end, this means that after this week’s meeting, there may be around 100bps of rate hikes by end-December. But the pace of hikes remains uncertain.”</p><p>Stocks started the day on a high note after getting a boost from tech earnings. Alphabet shares rose 5% after the tech giant’s quarterly report showedstrong revenue from Google’s search business. Microsoft gained about 5% afterreporting a 40% jump in revenue growthfor Azure and cloud services. That said, both companied posted earnings and revenue that fell below analyst estimates.</p><p>“Earnings growth estimates continue to slip, even for the technology sector, which typically holds up relatively well during economic slowdowns,” Sam Stovall, chief investment strategist at CFRA Research, told CNBC. “Pressure from a pullback in consumer spending likely contributed to EPS/sales shortfalls, as all measures of consumer confidence have deteriorated sharply from peaks around mid-2021.”</p><p>Meta Platforms shares rose 5%, ahead of its earnings scheduled for after the bell. Amazon advanced more than 3% after getting hit by the retail carnage Tuesday. Apple added more than 1.5%.</p><p>Enphase Energy also popped on the back of its latest results, trading about 15% higher. Chipotle also added 13% following itsmixed second-quarter earnings release.</p><p>There are more major earnings reports to come. On Wednesday, Qualcomm, Ford and Meta Platforms will report at the end of the day.</p><p>More than 150 S&P 500 companies have reported calendar second-quarter earnings thus far. Of those names, roughly 70% have beaten analyst expectations, FactSet data shows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow Jumps 378 Points, Nasdaq Jumps 3.7% as Powell Says Fed Could Slow Pace of Rate Hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow Jumps 378 Points, Nasdaq Jumps 3.7% as Powell Says Fed Could Slow Pace of Rate Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\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\">Tiger Newspress </p>\n<p class=\"h-time\">2022-07-28 02:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stocks maintained gains Wednesday after the Federal Reserve announced its much anticipated 0.75 percentage point rate increaseto fight inflation, at the conclusion of its two-day meeting.</p><p>The Dow Jones Industrial Average jumped 378.52 points, or 1.19%. The S&P 500 gained 2.3%, and the Nasdaq Composite increased 3.74%. Tech shares led gains after better-than-feared results from Alphabet and Microsoft.<img src=\"https://static.tigerbbs.com/7839c9a17c60ac55d40ed0546edc0a81\" tg-width=\"950\" tg-height=\"168\" width=\"100%\" height=\"auto\"/>Stocks hit their highs of the session as Powell left the door open about the size of the rate move at its next meeting in September and noted the central bank would eventually slow the magnitude of rate hikes. Powell said the Fed could hike by 0.75 percentage point again in September, but that it would be dependent on the data. He added, “As the stance of monetary policy tightens further, it likely will become appropriate to slow the pace of increases.”</p><p>The Fed’s second consecutive big hike was widely expected. The Fed statement was much the same although the central bank did give a nod to the slowing economy byadding a linesaying, “Recent indicators of spending and production have softened.”</p><p>“The Fed’s move brings the benchmark fed funds rate back to 2019 levels, the peak of the last cycle,” said Greg McBride, Bankrate’s chief financial analyst. “With inflation still running at four-decade highs, the Fed doesn’t have the luxury of calling it quits here, though the pace will likely slow if a long-awaited moderation in inflation materializes.”</p><p>While some investors hope to see a dovish pivot from the Fed later in the year, others continue to worry that the central bank’s ongoing efforts to lower inflation will push the economy into a recession – which many regard as two consecutive quarters of negative GDP readings. However, the National Bureau of Economic Research, the official arbiter of recessions,uses multiple other factors to determine one. Second quarter GDP data is due out Thursday. First quarter GDP declined by 1.6%.</p><p>“With so many moving parts to consider, we expect markets to remain volatile after the FOMC meeting,” wrote Mark Haefele of UBS Global Wealth Management. “With the markets anticipating a 3.3% fed funds rate by year-end, this means that after this week’s meeting, there may be around 100bps of rate hikes by end-December. But the pace of hikes remains uncertain.”</p><p>Stocks started the day on a high note after getting a boost from tech earnings. Alphabet shares rose 5% after the tech giant’s quarterly report showedstrong revenue from Google’s search business. Microsoft gained about 5% afterreporting a 40% jump in revenue growthfor Azure and cloud services. That said, both companied posted earnings and revenue that fell below analyst estimates.</p><p>“Earnings growth estimates continue to slip, even for the technology sector, which typically holds up relatively well during economic slowdowns,” Sam Stovall, chief investment strategist at CFRA Research, told CNBC. “Pressure from a pullback in consumer spending likely contributed to EPS/sales shortfalls, as all measures of consumer confidence have deteriorated sharply from peaks around mid-2021.”</p><p>Meta Platforms shares rose 5%, ahead of its earnings scheduled for after the bell. Amazon advanced more than 3% after getting hit by the retail carnage Tuesday. Apple added more than 1.5%.</p><p>Enphase Energy also popped on the back of its latest results, trading about 15% higher. Chipotle also added 13% following itsmixed second-quarter earnings release.</p><p>There are more major earnings reports to come. On Wednesday, Qualcomm, Ford and Meta Platforms will report at the end of the day.</p><p>More than 150 S&P 500 companies have reported calendar second-quarter earnings thus far. Of those names, roughly 70% have beaten analyst expectations, FactSet data shows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117463420","content_text":"Stocks maintained gains Wednesday after the Federal Reserve announced its much anticipated 0.75 percentage point rate increaseto fight inflation, at the conclusion of its two-day meeting.The Dow Jones Industrial Average jumped 378.52 points, or 1.19%. The S&P 500 gained 2.3%, and the Nasdaq Composite increased 3.74%. Tech shares led gains after better-than-feared results from Alphabet and Microsoft.Stocks hit their highs of the session as Powell left the door open about the size of the rate move at its next meeting in September and noted the central bank would eventually slow the magnitude of rate hikes. Powell said the Fed could hike by 0.75 percentage point again in September, but that it would be dependent on the data. He added, “As the stance of monetary policy tightens further, it likely will become appropriate to slow the pace of increases.”The Fed’s second consecutive big hike was widely expected. The Fed statement was much the same although the central bank did give a nod to the slowing economy byadding a linesaying, “Recent indicators of spending and production have softened.”“The Fed’s move brings the benchmark fed funds rate back to 2019 levels, the peak of the last cycle,” said Greg McBride, Bankrate’s chief financial analyst. “With inflation still running at four-decade highs, the Fed doesn’t have the luxury of calling it quits here, though the pace will likely slow if a long-awaited moderation in inflation materializes.”While some investors hope to see a dovish pivot from the Fed later in the year, others continue to worry that the central bank’s ongoing efforts to lower inflation will push the economy into a recession – which many regard as two consecutive quarters of negative GDP readings. However, the National Bureau of Economic Research, the official arbiter of recessions,uses multiple other factors to determine one. Second quarter GDP data is due out Thursday. First quarter GDP declined by 1.6%.“With so many moving parts to consider, we expect markets to remain volatile after the FOMC meeting,” wrote Mark Haefele of UBS Global Wealth Management. “With the markets anticipating a 3.3% fed funds rate by year-end, this means that after this week’s meeting, there may be around 100bps of rate hikes by end-December. But the pace of hikes remains uncertain.”Stocks started the day on a high note after getting a boost from tech earnings. Alphabet shares rose 5% after the tech giant’s quarterly report showedstrong revenue from Google’s search business. Microsoft gained about 5% afterreporting a 40% jump in revenue growthfor Azure and cloud services. That said, both companied posted earnings and revenue that fell below analyst estimates.“Earnings growth estimates continue to slip, even for the technology sector, which typically holds up relatively well during economic slowdowns,” Sam Stovall, chief investment strategist at CFRA Research, told CNBC. “Pressure from a pullback in consumer spending likely contributed to EPS/sales shortfalls, as all measures of consumer confidence have deteriorated sharply from peaks around mid-2021.”Meta Platforms shares rose 5%, ahead of its earnings scheduled for after the bell. Amazon advanced more than 3% after getting hit by the retail carnage Tuesday. Apple added more than 1.5%.Enphase Energy also popped on the back of its latest results, trading about 15% higher. Chipotle also added 13% following itsmixed second-quarter earnings release.There are more major earnings reports to come. On Wednesday, Qualcomm, Ford and Meta Platforms will report at the end of the day.More than 150 S&P 500 companies have reported calendar second-quarter earnings thus far. Of those names, roughly 70% have beaten analyst expectations, FactSet data shows.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9903300089,"gmtCreate":1658968094841,"gmtModify":1676536236023,"author":{"id":"4089008833435220","authorId":"4089008833435220","name":"Hairi1906","avatar":"https://static.tigerbbs.com/39825b08bb6e32b23bf924004bf6f053","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089008833435220","idStr":"4089008833435220"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903300089","repostId":"2254350459","repostType":4,"isVote":1,"tweetType":1,"viewCount":2905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860998676,"gmtCreate":1632115804395,"gmtModify":1676530704213,"author":{"id":"4089008833435220","authorId":"4089008833435220","name":"Hairi1906","avatar":"https://static.tigerbbs.com/39825b08bb6e32b23bf924004bf6f053","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089008833435220","idStr":"4089008833435220"},"themes":[],"htmlText":"Pull down is good news for discounted price","listText":"Pull down is good news for discounted price","text":"Pull down is good news for discounted price","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860998676","repostId":"1196172424","repostType":4,"repost":{"id":"1196172424","kind":"news","pubTimestamp":1632105381,"share":"https://ttm.financial/m/news/1196172424?lang=&edition=fundamental","pubTime":"2021-09-20 10:36","market":"us","language":"en","title":"The One Indicator That Has Wall Street Biting Its Nails","url":"https://stock-news.laohu8.com/highlight/detail?id=1196172424","media":"Barrons","summary":"The stock market dropped because there’s something scarier than taxes, tapers, and contagion.","content":"<p>Wall Street has found something scarier than tapering,axes,and contagion. It’s called the 50-day moving average.</p>\n<p>The predictions of impending doom from Wall Street’s talking heads continued this past week. The reasons for a pullback are many: The stock market has rallied for too long and has gone up too smoothly, the Federal Reserve is about to remove the bond buying that has helped prop markets up, taxes are ready to rise, economic data are slowing. None of it really left a mark.</p>\n<p>But then the S&P 500 dropped 0.6%, to 4432.99, over the week, while the Dow Jones Industrial Average fell 0.1%, to 34,584.88, and the Nasdaq Composite slumped 0.5%, to 15,043.97. For the S&P 500, it was the first close since June 18 below its 50-day moving average—a technical measure of the previous 50 days’ closes that often ends up acting as support or resistance and that currently sits at 4436.35. For traders, it was very frightening.</p>\n<p>That the drop also occurred on options expiration day—when options bets expire and are rolled over, typically a volatile day—also makes the moment fraught. Since May, options expiration has been the time for the S&P 500 to make a quick test of its 50-day moving average before a bounce higher. And when I say quick, I mean quick, as it usually took the index a day, maybe two, to rebound.</p>\n<p>“The 50-Day MA discussion has been pounded into our heads with every drawdown,” writes Frank Cappelleri, desk strategist at Instinet. “And while we may be sick of hearing about it, the dip buying around the line has been a real phenomenon.”</p>\n<p>This time has a different feel to it. The S&P 500’s sojourn near the 50-day has been longer, notes Jonathan Krinsky, chief market technician at Bay Crest Partners. It’s been sitting near it for about six trading days now, without a big drop or big bounce. “The current set-up looks a bit more like a consolidation on the 50 DMA, as opposed to the prior quick ‘V-shaped’ dips,” Krinsky writes. “What we are saying is that the current way in which we got here feels a bit different than the last four to five times.”</p>\n<p>Still, Krinsky acknowledges that one close below the 50-day isn’t enough to panic. That’s because the S&P 500 has now gone 218 days without two closes below the average, the second-longest streak since 1990. We won’t know if that streak breaks until the end of trading on Monday.</p>\n<p>The market has plenty of excuses to break the 50-day, if it’s so inclined. Maybe Evergrande (ticker: 3333.Hong Kong), the troubled Chinese property developer, will prove to be a Lehman moment and bring the world’s markets down with it. Maybe the Fed will surprise everyone and start tapering this coming week. Maybe something is lurking out there like the Baba Yaga of the old fairy tales, and maybe it looks a lot like Keanu Reeves.</p>\n<p>But perhaps all the September weakness and worry are a good thing, setting the market up for its next run. “The ACWI is oversold again, and sentiment is not too optimistic,” writes Ned Davis Research’s Tim Hayes, commenting on the MSCI All-Country World Index. “The market’s resilience in the face of the negative September seasonality could be the preview of a bullish response to seasonal tendencies that turn favorable in the fourth quarter.”</p>\n<p>We just have to get there first.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The One Indicator That Has Wall Street Biting Its Nails</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe One Indicator That Has Wall Street Biting Its Nails\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-20 10:36 GMT+8 <a href=https://www.barrons.com/articles/stock-market-falls-because-theres-something-scarier-than-taxes-tapers-and-contagion-51631925838?mod=hp_DAY_7><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street has found something scarier than tapering,axes,and contagion. It’s called the 50-day moving average.\nThe predictions of impending doom from Wall Street’s talking heads continued this past ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-falls-because-theres-something-scarier-than-taxes-tapers-and-contagion-51631925838?mod=hp_DAY_7\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stock-market-falls-because-theres-something-scarier-than-taxes-tapers-and-contagion-51631925838?mod=hp_DAY_7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196172424","content_text":"Wall Street has found something scarier than tapering,axes,and contagion. It’s called the 50-day moving average.\nThe predictions of impending doom from Wall Street’s talking heads continued this past week. The reasons for a pullback are many: The stock market has rallied for too long and has gone up too smoothly, the Federal Reserve is about to remove the bond buying that has helped prop markets up, taxes are ready to rise, economic data are slowing. None of it really left a mark.\nBut then the S&P 500 dropped 0.6%, to 4432.99, over the week, while the Dow Jones Industrial Average fell 0.1%, to 34,584.88, and the Nasdaq Composite slumped 0.5%, to 15,043.97. For the S&P 500, it was the first close since June 18 below its 50-day moving average—a technical measure of the previous 50 days’ closes that often ends up acting as support or resistance and that currently sits at 4436.35. For traders, it was very frightening.\nThat the drop also occurred on options expiration day—when options bets expire and are rolled over, typically a volatile day—also makes the moment fraught. Since May, options expiration has been the time for the S&P 500 to make a quick test of its 50-day moving average before a bounce higher. And when I say quick, I mean quick, as it usually took the index a day, maybe two, to rebound.\n“The 50-Day MA discussion has been pounded into our heads with every drawdown,” writes Frank Cappelleri, desk strategist at Instinet. “And while we may be sick of hearing about it, the dip buying around the line has been a real phenomenon.”\nThis time has a different feel to it. The S&P 500’s sojourn near the 50-day has been longer, notes Jonathan Krinsky, chief market technician at Bay Crest Partners. It’s been sitting near it for about six trading days now, without a big drop or big bounce. “The current set-up looks a bit more like a consolidation on the 50 DMA, as opposed to the prior quick ‘V-shaped’ dips,” Krinsky writes. “What we are saying is that the current way in which we got here feels a bit different than the last four to five times.”\nStill, Krinsky acknowledges that one close below the 50-day isn’t enough to panic. That’s because the S&P 500 has now gone 218 days without two closes below the average, the second-longest streak since 1990. We won’t know if that streak breaks until the end of trading on Monday.\nThe market has plenty of excuses to break the 50-day, if it’s so inclined. Maybe Evergrande (ticker: 3333.Hong Kong), the troubled Chinese property developer, will prove to be a Lehman moment and bring the world’s markets down with it. Maybe the Fed will surprise everyone and start tapering this coming week. Maybe something is lurking out there like the Baba Yaga of the old fairy tales, and maybe it looks a lot like Keanu Reeves.\nBut perhaps all the September weakness and worry are a good thing, setting the market up for its next run. “The ACWI is oversold again, and sentiment is not too optimistic,” writes Ned Davis Research’s Tim Hayes, commenting on the MSCI All-Country World Index. “The market’s resilience in the face of the negative September seasonality could be the preview of a bullish response to seasonal tendencies that turn favorable in the fourth quarter.”\nWe just have to get there first.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886170504,"gmtCreate":1631577693508,"gmtModify":1676530578412,"author":{"id":"4089008833435220","authorId":"4089008833435220","name":"Hairi1906","avatar":"https://static.tigerbbs.com/39825b08bb6e32b23bf924004bf6f053","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089008833435220","idStr":"4089008833435220"},"themes":[],"htmlText":"Go uphill again","listText":"Go uphill again","text":"Go uphill again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886170504","repostId":"1178276551","repostType":4,"repost":{"id":"1178276551","kind":"news","pubTimestamp":1631574947,"share":"https://ttm.financial/m/news/1178276551?lang=&edition=fundamental","pubTime":"2021-09-14 07:15","market":"us","language":"en","title":"S&P 500 snaps losing streak with tax hikes, inflation data on horizon","url":"https://stock-news.laohu8.com/highlight/detail?id=1178276551","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investo","content":"<p>NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.</p>\n<p>The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.</p>\n<p>Investors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.</p>\n<p>“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”</p>\n<p>Market participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.</p>\n<p>Goldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&P 500 earnings by 5% in 2022.</p>\n<p>The Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.</p>\n<p>“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”</p>\n<p>Other key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.</p>\n<p>The Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.</p>\n<p>Of the 11 major sectors in the S&P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.</p>\n<p>Shares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.</p>\n<p>Coinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.</p>\n<p>Salesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.</p>\n<p>The S&P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.</p>\n<p>Volume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 snaps losing streak with tax hikes, inflation data on horizon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 snaps losing streak with tax hikes, inflation data on horizon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 07:15 GMT+8 <a href=https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178276551","content_text":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.\nInvestors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.\n“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”\nMarket participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.\nGoldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&P 500 earnings by 5% in 2022.\nThe Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.\n“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”\nOther key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.\nThe Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.\nOf the 11 major sectors in the S&P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.\nShares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.\nCoinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.\nSalesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.\nThe S&P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.\nVolume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886170191,"gmtCreate":1631577687813,"gmtModify":1676530578411,"author":{"id":"4089008833435220","authorId":"4089008833435220","name":"Hairi1906","avatar":"https://static.tigerbbs.com/39825b08bb6e32b23bf924004bf6f053","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089008833435220","idStr":"4089008833435220"},"themes":[],"htmlText":"Go uphill again","listText":"Go uphill again","text":"Go uphill again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886170191","repostId":"1178276551","repostType":4,"repost":{"id":"1178276551","kind":"news","pubTimestamp":1631574947,"share":"https://ttm.financial/m/news/1178276551?lang=&edition=fundamental","pubTime":"2021-09-14 07:15","market":"us","language":"en","title":"S&P 500 snaps losing streak with tax hikes, inflation data on horizon","url":"https://stock-news.laohu8.com/highlight/detail?id=1178276551","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investo","content":"<p>NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.</p>\n<p>The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.</p>\n<p>Investors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.</p>\n<p>“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”</p>\n<p>Market participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.</p>\n<p>Goldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&P 500 earnings by 5% in 2022.</p>\n<p>The Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.</p>\n<p>“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”</p>\n<p>Other key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.</p>\n<p>The Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.</p>\n<p>Of the 11 major sectors in the S&P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.</p>\n<p>Shares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.</p>\n<p>Coinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.</p>\n<p>Salesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.</p>\n<p>The S&P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.</p>\n<p>Volume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 snaps losing streak with tax hikes, inflation data on horizon</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 snaps losing streak with tax hikes, inflation data on horizon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 07:15 GMT+8 <a href=https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-snaps-losing-streak-with-tax-hikes-inflation-data-on-horizon-idUSL1N2QF2DB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178276551","content_text":"NEW YORK (Reuters) - The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.\nThe Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower.\nInvestors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest percentage gains.\n“There are probably not a lot of positive surprises coming this month,” said Liz Young, head of investment strategy at SoFi in New York. “We’re having another period of volatility where I think that rotation could go back to cyclicals and the reopened trade, as the 10-year bond rate slowly grinds higher through the end of the year.”\nMarket participants are focused on the likely passage of U.S. President Joe Biden’s $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike to 26.5% from 21%.\nGoldman Sachs analysts see the corporate tax rate increasing to 25% and the passage of about half of a proposed increase to tax rates on foreign income, which they estimate would reduce S&P 500 earnings by 5% in 2022.\nThe Labor Department is due to release its consumer price index data on Tuesday, which could shed further light on the current inflation wave and whether it is as transitory as the Fed insists.\n“I don’t see inflation settling back down under 2% where it was pre-pandemic,” Young added. “Even if some of those transitory forces weaken, we will still stay at a higher rate than we were before.”\nOther key indicators due this week include retail sales and consumer sentiment, which could illuminate how much the demand boom driven by economic re-engagement has been dampened by the highly contagious COVID-19 Delta variant.\nThe Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&P 500 gained 10.15 points, or 0.23%, at 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.\nOf the 11 major sectors in the S&P 500, healthcare suffered the largest percentage loss, while energy, buoyed by rising crude prices was the biggest gainer.\nShares of vaccine makers Moderna and Pfizer Inc sank 6.6% and 2.2%, respectively, after experts said COVID booster shots are not widely needed.\nCoinbase Global Inc announced plans to raise about $1.5 billion through a debt offering aimed at funding product development and potential acquisitions. The cryptocurrency exchanges shares slid 2.2%.\nSalesforce.com Inc dipped 1.2% as rival Freshworks Inc’s regulatory filing indicated that the business engagement and customer engagement software company is aiming for a nearly $9 billion valuation in it U.S. debut.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.60-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers.\nThe S&P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 53 new highs and 71 new lows.\nVolume on U.S. exchanges was 10.30 billion shares, compared with the 9.29 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888555931,"gmtCreate":1631510776223,"gmtModify":1676530561953,"author":{"id":"4089008833435220","authorId":"4089008833435220","name":"Hairi1906","avatar":"https://static.tigerbbs.com/39825b08bb6e32b23bf924004bf6f053","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089008833435220","idStr":"4089008833435220"},"themes":[],"htmlText":"Agree about square though","listText":"Agree about square though","text":"Agree about square though","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/888555931","repostId":"2166303388","repostType":4,"isVote":1,"tweetType":1,"viewCount":3321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881922937,"gmtCreate":1631286498429,"gmtModify":1676530521168,"author":{"id":"4089008833435220","authorId":"4089008833435220","name":"Hairi1906","avatar":"https://static.tigerbbs.com/39825b08bb6e32b23bf924004bf6f053","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089008833435220","idStr":"4089008833435220"},"themes":[],"htmlText":"Bitcoin is not predictable. This type of news doesnot help","listText":"Bitcoin is not predictable. This type of news doesnot help","text":"Bitcoin is not predictable. This type of news doesnot help","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/881922937","repostId":"1148605188","repostType":4,"repost":{"id":"1148605188","kind":"news","pubTimestamp":1631265518,"share":"https://ttm.financial/m/news/1148605188?lang=&edition=fundamental","pubTime":"2021-09-10 17:18","market":"us","language":"en","title":"Bitcoin Crash September 2021: What You Should Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1148605188","media":"seekingalpha","summary":"Summary\n\nBitcoin will be Bitcoin and bucket shops will be bucket shops.\nStocks, options, commodities","content":"<p><b>Summary</b></p>\n<ul>\n <li>Bitcoin will be Bitcoin and bucket shops will be bucket shops.</li>\n <li>Stocks, options, commodities and forex are no different from crypto in that they are filled with crashes, skulduggery and scandal.</li>\n <li>If you're in crypto you need two strategies for dealing with crashes.</li>\n</ul>\n<p>Yesterday (7thSeptember 2021) Bitcoin crashed, and as I write it is spiking down again. As a bear this is no surprise to me, but it is a major shock to many bulls who are expecting Bitcoin to go straight to $100,000 without a halt.</p>\n<p>Bitcoin is plagued/blessed with volatility and, make no mistake, if it did not have huge volatility, it would not be the giant brand it has become and crypto would not be the financial earthquake that is changing financial services forever.</p>\n<p>Markets are casinos; gamblers love to gamble and casinos love gamblers and ensure that they accommodate the players in as profitable a way as they can. Stocks, options, commodities, forex, they are no different from crypto in that they are filled with crashes, skulduggery and scandal, and the gaming tables are the same... ‘come play with leverage, come play with stop losses, this could be your lucky day.’</p>\n<p>Edwin Lefevre wrote the classic trading book in 1923 called ‘Reminiscences of a Stock Operator’ about famous trader/speculator/gambler Jesse Livermore. The ‘bucket shop’ scams of the time and the general trading environment around 1890-1930 remain basically unchanged today (…but, but, but think of all the regulation we have now…). Livermore was an incredibly talented trader that committed suicide when he lost it all, as traders are fated - by their counterparties and math - to do.</p>\n<p>Leverage and stop losses are just one example of how market actors like ‘bucket shops’ drive your account balances into their account balances. All the same finance scams of hidden charges, Ponzi schemes, ‘pump and dumps’ and so on are still everywhere to be seen in crypto, stocks etc. Where there are resources there are predators.</p>\n<p>So, a wild crash in crypto is to be expected and is perhaps even guaranteed. Take this phrase and write it like this:</p>\n<p>So, a wild crash in ______ is to be expected and is perhaps even guaranteed.</p>\n<p>Fill the blank as you see fit: stocks, bonds, property, the dollar, gold, junk bonds…. It will fit in just fine.</p>\n<p>Crashing is what markets do.</p>\n<p>Therefore, if you want to play in crypto, or for that matter in any financial market, you need two strategies for dealing with crashes.</p>\n<p><b>Strategy 1) What not to do</b></p>\n<ol>\n <li>Do not carry much leverage if any. If an instrument is volatile do not carry leverage at all.</li>\n <li>Do not hold stop losses on another party’s platforms.</li>\n <li>Do not hold positions for no good reason.</li>\n <li>Be prepared to hold your positions after a crash if you get caught and stuck in one</li>\n <li>If you are<b>certain</b>a crash is underway, do not hold and hope,<i>sell</i>.</li>\n</ol>\n<p><b>Strategy 2) What to do</b></p>\n<ol>\n <li>Never stop searching out the next crash. It is inevitable. One BTC at $60,000 is two BTC at $30,000.</li>\n <li>Buy the crash but only well after it’s happened and the dust is settling. This is the ultimate test of an investor.</li>\n <li>If you must trade during a crash, make sure you can depend on your providers not shuttering you in or out when it matters most (as true in stocks as in crypto). If you cannot depend on your service provider do not play. There is no customer service during a crash.</li>\n</ol>\n<p>A crash is a 25% drop in a dull asset but 50%-75% in anything spicy like crypto and 90% outside the blue chip instruments of a market.</p>\n<p><b>What next?</b></p>\n<p>Here is the chart:</p>\n<p><img src=\"https://static.tigerbbs.com/8e84d0c18312986bee801a102afc9dd6\" tg-width=\"640\" tg-height=\"420\" width=\"100%\" height=\"auto\">I’m still a bear<i>but</i>I think the recent rally is heavily driven by the social clampdown in China with Bitcoin and other cryptos a way of expatriating capital away from a developing authoritarian nightmare; a nightmare where even kids who want to play computer games can’t escape the boot of ideology. The impact of this new development may prove to be extremely potent and not in a good way for many, but for crypto it could be very strong.</p>\n<p>However, without that tailwind or other geopolitical conniptions I would expect Bitcoin to go under $20,000 but markets don’t listen to me. Like with every call, you must measure your speculation against what transpired. I produced a similar chart a few months ago showing the bull and the bear trend like the above. I hovered to the bear trend as the move I expected, and up went Bitcoin exactly on the bull trend as if by magic. Speculation is just that, and you have to believe what you see not what you think.</p>\n<p>The above trends will therefore develop, and I remain a bear.</p>\n<p><b>What to do?</b></p>\n<p>The golden rule is if you think you know, you don’t, so stop. If you know you know then proceed.</p>\n<p>Specifically:</p>\n<ol>\n <li>If you are a Hodl’er continue to dollar cost average in. If it really does melt down then perhaps drop some extra fiat in.</li>\n <li>If you don’t know what to do and need to ask then sell and save your fiat for when you are certain of your positions</li>\n <li>If you want to buy the dip be sure you want to hold because you might need to Hodl for a long time. If you are looking to flip you should wait because this move could go way lower.</li>\n <li>If you want to trade, look to go against extreme moves but only when they make your eyes bug out. Make sure the platform you use won’t choke and can execute under extreme volume.</li>\n <li>If you are looking for a re-entry - like me - this isn’t it (yet).</li>\n <li>If you are a tyro trader, study every tick of this. Crashes are where the real traders and investors make their killings because this is where the novices lose their shirts.</li>\n</ol>\n<p><b>What am I doing?</b></p>\n<p>‘Hodling’ what little ‘unstable coins’ I have. I am watching out for what will look great value when this move capitulates while focusing on midcap tokens for now. If this is the big crash of this cycle, after it’s all over and a week or two later, I’ll be picking a portfolio from the rubble.</p>\n<p>Bitcoin dropped another $1000 while I wrote this article and jumped $1000 while I edited it. The big take away is Bitcoin will be Bitcoin and crypto will always crash and moon and that is one of the reasons it will always be a huge brand fascinating millions.</p>\n<p>Long term, Bitcoin will go a lot higher but it will not be a smooth or short road.</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>Bitcoin Crash September 2021: What You Should Know</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Crash September 2021: What You Should Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-10 17:18 GMT+8 <a href=https://seekingalpha.com/article/4454069-bitcoin-crash-september-2021-what-you-should-know><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nBitcoin will be Bitcoin and bucket shops will be bucket shops.\nStocks, options, commodities and forex are no different from crypto in that they are filled with crashes, skulduggery and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4454069-bitcoin-crash-september-2021-what-you-should-know\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"比特币ETF-Grayscale","01611":"新火科技控股","COIN":"Coinbase Global, Inc.","01499":"欧科云链"},"source_url":"https://seekingalpha.com/article/4454069-bitcoin-crash-september-2021-what-you-should-know","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148605188","content_text":"Summary\n\nBitcoin will be Bitcoin and bucket shops will be bucket shops.\nStocks, options, commodities and forex are no different from crypto in that they are filled with crashes, skulduggery and scandal.\nIf you're in crypto you need two strategies for dealing with crashes.\n\nYesterday (7thSeptember 2021) Bitcoin crashed, and as I write it is spiking down again. As a bear this is no surprise to me, but it is a major shock to many bulls who are expecting Bitcoin to go straight to $100,000 without a halt.\nBitcoin is plagued/blessed with volatility and, make no mistake, if it did not have huge volatility, it would not be the giant brand it has become and crypto would not be the financial earthquake that is changing financial services forever.\nMarkets are casinos; gamblers love to gamble and casinos love gamblers and ensure that they accommodate the players in as profitable a way as they can. Stocks, options, commodities, forex, they are no different from crypto in that they are filled with crashes, skulduggery and scandal, and the gaming tables are the same... ‘come play with leverage, come play with stop losses, this could be your lucky day.’\nEdwin Lefevre wrote the classic trading book in 1923 called ‘Reminiscences of a Stock Operator’ about famous trader/speculator/gambler Jesse Livermore. The ‘bucket shop’ scams of the time and the general trading environment around 1890-1930 remain basically unchanged today (…but, but, but think of all the regulation we have now…). Livermore was an incredibly talented trader that committed suicide when he lost it all, as traders are fated - by their counterparties and math - to do.\nLeverage and stop losses are just one example of how market actors like ‘bucket shops’ drive your account balances into their account balances. All the same finance scams of hidden charges, Ponzi schemes, ‘pump and dumps’ and so on are still everywhere to be seen in crypto, stocks etc. Where there are resources there are predators.\nSo, a wild crash in crypto is to be expected and is perhaps even guaranteed. Take this phrase and write it like this:\nSo, a wild crash in ______ is to be expected and is perhaps even guaranteed.\nFill the blank as you see fit: stocks, bonds, property, the dollar, gold, junk bonds…. It will fit in just fine.\nCrashing is what markets do.\nTherefore, if you want to play in crypto, or for that matter in any financial market, you need two strategies for dealing with crashes.\nStrategy 1) What not to do\n\nDo not carry much leverage if any. If an instrument is volatile do not carry leverage at all.\nDo not hold stop losses on another party’s platforms.\nDo not hold positions for no good reason.\nBe prepared to hold your positions after a crash if you get caught and stuck in one\nIf you arecertaina crash is underway, do not hold and hope,sell.\n\nStrategy 2) What to do\n\nNever stop searching out the next crash. It is inevitable. One BTC at $60,000 is two BTC at $30,000.\nBuy the crash but only well after it’s happened and the dust is settling. This is the ultimate test of an investor.\nIf you must trade during a crash, make sure you can depend on your providers not shuttering you in or out when it matters most (as true in stocks as in crypto). If you cannot depend on your service provider do not play. There is no customer service during a crash.\n\nA crash is a 25% drop in a dull asset but 50%-75% in anything spicy like crypto and 90% outside the blue chip instruments of a market.\nWhat next?\nHere is the chart:\nI’m still a bearbutI think the recent rally is heavily driven by the social clampdown in China with Bitcoin and other cryptos a way of expatriating capital away from a developing authoritarian nightmare; a nightmare where even kids who want to play computer games can’t escape the boot of ideology. The impact of this new development may prove to be extremely potent and not in a good way for many, but for crypto it could be very strong.\nHowever, without that tailwind or other geopolitical conniptions I would expect Bitcoin to go under $20,000 but markets don’t listen to me. Like with every call, you must measure your speculation against what transpired. I produced a similar chart a few months ago showing the bull and the bear trend like the above. I hovered to the bear trend as the move I expected, and up went Bitcoin exactly on the bull trend as if by magic. Speculation is just that, and you have to believe what you see not what you think.\nThe above trends will therefore develop, and I remain a bear.\nWhat to do?\nThe golden rule is if you think you know, you don’t, so stop. If you know you know then proceed.\nSpecifically:\n\nIf you are a Hodl’er continue to dollar cost average in. If it really does melt down then perhaps drop some extra fiat in.\nIf you don’t know what to do and need to ask then sell and save your fiat for when you are certain of your positions\nIf you want to buy the dip be sure you want to hold because you might need to Hodl for a long time. If you are looking to flip you should wait because this move could go way lower.\nIf you want to trade, look to go against extreme moves but only when they make your eyes bug out. Make sure the platform you use won’t choke and can execute under extreme volume.\nIf you are looking for a re-entry - like me - this isn’t it (yet).\nIf you are a tyro trader, study every tick of this. Crashes are where the real traders and investors make their killings because this is where the novices lose their shirts.\n\nWhat am I doing?\n‘Hodling’ what little ‘unstable coins’ I have. I am watching out for what will look great value when this move capitulates while focusing on midcap tokens for now. If this is the big crash of this cycle, after it’s all over and a week or two later, I’ll be picking a portfolio from the rubble.\nBitcoin dropped another $1000 while I wrote this article and jumped $1000 while I edited it. The big take away is Bitcoin will be Bitcoin and crypto will always crash and moon and that is one of the reasons it will always be a huge brand fascinating millions.\nLong term, Bitcoin will go a lot higher but it will not be a smooth or short road.","news_type":1,"symbols_score_info":{"GBTC":0.9,"01611":0.9,"COIN":0.9,"01499":0.9}},"isVote":1,"tweetType":1,"viewCount":2785,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568271286196651","authorId":"3568271286196651","name":"fionat","avatar":"https://static.tigerbbs.com/690b4ea91c83e331febd6098848bb10b","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3568271286196651","idStr":"3568271286196651"},"content":"The “strategies” listed are not useful either. who can say for certain that a crash is coming and when the dust has settled after a crash?","text":"The “strategies” listed are not useful either. who can say for certain that a crash is coming and when the dust has settled after a crash?","html":"The “strategies” listed are not useful either. who can say for certain that a crash is coming and when the dust has settled after a crash?"}],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}