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老菖
2021-07-20

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European and American stock markets plummeted, Goldman Sachs successfully "escaped from the top" again?

今年上半年，高盛资管共减持55亿美元，相当于去年末股票投资组合总规模的四分之一以上。这不禁令人想起2007年和2008年全球金融危机时期，那一次高盛就是在“支持性”市场环境中（"supportive" market）大举抛售。

European and American stock markets plummeted, Goldman Sachs successfully "escaped from the top" again?

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Shelleyblack
·2021-07-20
[呆住]
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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":171240806,"tweetId":"171240806","gmtCreate":1626747597005,"gmtModify":1703764388574,"author":{"id":3585722363340726,"idStr":"3585722363340726","authorId":3585722363340726,"authorIdStr":"3585722363340726","name":"老菖","avatar":"https://static.tigerbbs.com/3d1ed885d8bff30863f7cbf78de05a01","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":1,"individualDisplayBadges":[],"fanSize":1,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>?</p></body></html>","htmlText":"<html><head></head><body><p>?</p></body></html>","text":"?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/171240806","repostId":2152668724,"repostType":4,"repost":{"id":"2152668724","kind":"highlight","pubTimestamp":1626746213,"share":"https://ttm.financial/m/news/2152668724?lang=en_US&edition=fundamental","pubTime":"2021-07-20 09:56","market":"us","language":"zh","title":"European and American stock markets plummeted, Goldman Sachs successfully \"escaped from the top\" again?","url":"https://stock-news.laohu8.com/highlight/detail?id=2152668724","media":"华尔街见闻","summary":"今年上半年，高盛资管共减持55亿美元，相当于去年末股票投资组合总规模的四分之一以上。这不禁令人想起2007年和2008年全球金融危机时期，那一次高盛就是在“支持性”市场环境中（\"supportive\" market）大举抛售。","content":"<p>COVID-19 pandemic threatened a resurgence, making investors more worried about the global economic recovery, and U.S. stocks plunged across the board overnight.</p><p>On Monday, July 19, the three major stock indexes collectively closed down for the second consecutive day. The Dow closed down more than 700 points, the largest closing drop since October 28 last year; Both the S&P 500 and the Nasdaq fell more than 1%, the biggest drop since May 12 this year.</p><p>Among them, the S&P 500 index quickly fell to its 50-day moving average and fell below its gains since November last year<a href=\"https://laohu8.com/S/42T.SI\">Trendline</a>。<img src=\"https://static.tigerbbs.com/d0709a1fc6c3746864a6f1e70a614f5c\" tg-width=\"500\" tg-height=\"255\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">The S&P 500 fell to its 50-day EMA (Image: ZeroHedge)<img src=\"https://static.tigerbbs.com/20587775ce2c68f2f8155767c9ee0e41\" tg-width=\"500\" tg-height=\"223\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">The S&P 500 fell below its uptrend line since November last year (Image: ZeroHedge)</p><p><img src=\"https://static.tigerbbs.com/fad302c22eb00b1f419b9a362c5da5bd\" tg-width=\"500\" tg-height=\"255\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>With the S&P 500 index down 3.5% from its all-time high, panic in the market has also erupted. CNN's Fear & Greed Index is currently at extreme panic levels. The last time panic levels were so high, the S&P 500 plunged 40%.</p><p><img src=\"https://static.tigerbbs.com/1330466cd7f9bc88e2fe5aa0b55f92b5\" tg-width=\"500\" tg-height=\"467\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>However, amid the sharp decline in the market,<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Previously, the successful escape from the top was quite eye-catching. This is reminiscent of the global financial crisis of 2007 and 2008, when Goldman Sachs successfully sold off in a \"supportive\" market environment.</b></p><p>An article in Wall Street Journal last week mentioned that the net income of Goldman Sachs' asset management business reached a record $5.1 billion in the second quarter of this year, more than twice that of the same period last year, mainly due to the income brought by the selling of stocks.</p><p><b>The financial report shows that Goldman Sachs Asset Management sold a net US $4 billion this year. After including the purchase of US $1.5 billion in stocks, it reduced its holdings by US $5.5 billion in half a year, equivalent to more than a quarter of the total size of the stock portfolio at the end of last year.</b></p><p>In fact, regarding the future trend of U.S. stocks, some analysts are already skeptical about whether the current trend can continue.</p><p>In early July, Goldman Sachs strategist David Kostin believed in a research report that the S&P 500 index was not far from its high point. He expects the S&P 500 to be around 4,300 by the end of this year, with rising interest rates, rising inflation, and tax reform all limiting the recent upward trend of the index. In addition, with the P/E of the S&P 500 index well above 20, the stock market is more likely to experience multiple contractions rather than expansion in the next six months.</p><p>This is not the first time David Kostin has mentioned the resistance to the future upside of U.S. stocks.</p><p>Accepted at the end of June<a href=\"https://laohu8.com/S/YHOO\">Yahoo!</a>In an exclusive financial interview, David Kostin said that the two major obstacles to the rise of U.S. stocks in the future are higher interest rates, and the other is tax reform. He said that if interest rates remain relatively unchanged through the end of the year, the S&P 500 could rise to 4,700, other things being equal. When it comes to taxes, he believes that if the corporate tax hike is passed, stocks could face selling pressure as investors welcome a hit to corporate profits and capital gains.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>European and American stock markets plummeted, Goldman Sachs successfully \"escaped from the top\" again?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEuropean and American stock markets plummeted, Goldman Sachs successfully \"escaped from the top\" again?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-07-20 09:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>COVID-19 pandemic threatened a resurgence, making investors more worried about the global economic recovery, and U.S. stocks plunged across the board overnight.</p><p>On Monday, July 19, the three major stock indexes collectively closed down for the second consecutive day. The Dow closed down more than 700 points, the largest closing drop since October 28 last year; Both the S&P 500 and the Nasdaq fell more than 1%, the biggest drop since May 12 this year.</p><p>Among them, the S&P 500 index quickly fell to its 50-day moving average and fell below its gains since November last year<a href=\"https://laohu8.com/S/42T.SI\">Trendline</a>。<img src=\"https://static.tigerbbs.com/d0709a1fc6c3746864a6f1e70a614f5c\" tg-width=\"500\" tg-height=\"255\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">The S&P 500 fell to its 50-day EMA (Image: ZeroHedge)<img src=\"https://static.tigerbbs.com/20587775ce2c68f2f8155767c9ee0e41\" tg-width=\"500\" tg-height=\"223\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">The S&P 500 fell below its uptrend line since November last year (Image: ZeroHedge)</p><p><img src=\"https://static.tigerbbs.com/fad302c22eb00b1f419b9a362c5da5bd\" tg-width=\"500\" tg-height=\"255\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>With the S&P 500 index down 3.5% from its all-time high, panic in the market has also erupted. CNN's Fear & Greed Index is currently at extreme panic levels. The last time panic levels were so high, the S&P 500 plunged 40%.</p><p><img src=\"https://static.tigerbbs.com/1330466cd7f9bc88e2fe5aa0b55f92b5\" tg-width=\"500\" tg-height=\"467\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>However, amid the sharp decline in the market,<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Previously, the successful escape from the top was quite eye-catching. This is reminiscent of the global financial crisis of 2007 and 2008, when Goldman Sachs successfully sold off in a \"supportive\" market environment.</b></p><p>An article in Wall Street Journal last week mentioned that the net income of Goldman Sachs' asset management business reached a record $5.1 billion in the second quarter of this year, more than twice that of the same period last year, mainly due to the income brought by the selling of stocks.</p><p><b>The financial report shows that Goldman Sachs Asset Management sold a net US $4 billion this year. After including the purchase of US $1.5 billion in stocks, it reduced its holdings by US $5.5 billion in half a year, equivalent to more than a quarter of the total size of the stock portfolio at the end of last year.</b></p><p>In fact, regarding the future trend of U.S. stocks, some analysts are already skeptical about whether the current trend can continue.</p><p>In early July, Goldman Sachs strategist David Kostin believed in a research report that the S&P 500 index was not far from its high point. He expects the S&P 500 to be around 4,300 by the end of this year, with rising interest rates, rising inflation, and tax reform all limiting the recent upward trend of the index. In addition, with the P/E of the S&P 500 index well above 20, the stock market is more likely to experience multiple contractions rather than expansion in the next six months.</p><p>This is not the first time David Kostin has mentioned the resistance to the future upside of U.S. stocks.</p><p>Accepted at the end of June<a href=\"https://laohu8.com/S/YHOO\">Yahoo!</a>In an exclusive financial interview, David Kostin said that the two major obstacles to the rise of U.S. stocks in the future are higher interest rates, and the other is tax reform. He said that if interest rates remain relatively unchanged through the end of the year, the S&P 500 could rise to 4,700, other things being equal. When it comes to taxes, he believes that if the corporate tax hike is passed, stocks could face selling pressure as investors welcome a hit to corporate profits and capital gains.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3635816\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1b3684302211042d481cacf9066fbcca","relate_stocks":{"GS":"高盛"},"source_url":"https://wallstreetcn.com/articles/3635816","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152668724","content_text":"新冠疫情威胁再起，令投资者更加担心全球经济复苏，隔夜美股全线重挫。\n7月19日周一，三大股指连续第二日集体收跌。道指收盘跌超700点，创去年10月28日以来最大收盘跌幅；标普500和纳指均跌超1%，创今年5月12日以来最大跌幅。\n其中，标准普尔500指数迅速跌至50日移动均线，并跌破去年11月以来的上涨趋势线。标普500跌至50日均线（图片来源：ZeroHedge）标普500跌破去年11月以来的上涨趋势线（图片来源：ZeroHedge）\n\n随着标普500指数较历史高点下跌3.5%，市场的恐慌情绪也已经爆发了。CNN的恐惧贪婪指数（Fear & Greed Index）目前处于极度恐慌水平，上一次恐慌水平如此之高时，标普500重挫了40%。\n\n然而在市场一片惨跌之中，高盛此前成功逃顶就显得颇为瞩目。这不禁令人想起2007年和2008年全球金融危机时期，那一次高盛就是在“支持性”市场环境中（\"supportive\" market）大举成功抛售。\n华尔街见闻上周文章曾提到，今年二季度高盛资产管理业务净收入达到创纪录的51亿美元，是去年同期的两倍多，主要就是抛售股票带来了收入。\n财报显示，今年年内高盛资管净抛售40亿美元，计入买入股票15亿美元后，半年间共减持55亿美元，相当于去年末股票投资组合总规模的四分之一以上。\n事实上，对于美股未来的走势，一些分析师已经对当前的趋势能否持续持怀疑态度。\n7月初高盛策略师David Kostin在研报中认为，标普500指数距离高点不远了。他预计标普500指数在今年年底将在4300点左右，利率上升、通胀上升、税收改革都将限制近期指数的上行。此外，由于标普500指数市盈率远高于20，未来6个月股市更可能经历估值收缩（multiple contraction）而非扩张。\n这并非是David Kostin第一次提到美股未来上行的阻力。\n6月底接受雅虎财经专访时，David Kostin就表示未来美股上升的两大阻力，一是更高的利率，另一个是税收改革。他表示，如果利率在今年年底前保持相对不变，那么在其他条件不变的情况下，标普500指数有可能升至4700点。在谈到税收时，他认为，如果企业税提高获得通过，随着投资者迎接企业利润和资本利得的打击，那么股市可能会面临抛售压力。","news_type":1,"symbols_score_info":{"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":2713,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5268437,"commentId":"5268437","gmtCreate":1626748035137,"gmtModify":1663231193135,"authorId":3581195882793520,"author":{"id":3581195882793520,"idStr":"3581195882793520","authorId":3581195882793520,"name":"Shelleyblack","avatar":"https://static.tigerbbs.com/255b35a995530820f232071dee6af905","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171240806,"objectIdStr":"171240806","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"[呆住]","text":"[呆住]","html":"[呆住]","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0}],"hasMoreComment":true,"orderType":2}