Why stock investors are starting to really worry about rising bond yields_老虎社区_美港股上老虎

Why stock investors are starting to really worry about rising bond yields

cnbc2021-02-26

KEY POINTS Since February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year. Bond investors are getting worried about the...

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138

w8w8
·2021-03-02
which bond now
回复
1
举报
chuanyi
·2021-03-01
Ttttm
回复
2
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收起
- AntMan:
  ok
  2021-03-01
  回复
  举报
Tiongwee
·2021-02-28
Wait and see
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1
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trilley
·2021-02-28
.
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2
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收起
- Leoneon8881:
  🤞🏼
  2021-02-28
  回复
  举报
IsleofSkye
·2021-02-27
Buy on dip?
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1
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收起
- Leoneon8881:
  👍🏻
  2021-02-28
  回复
  举报
- JeremyKok:
  buy on the dip. average down.
  2021-03-01
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yung
·2021-02-27
Should panic
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1
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TP_Low_SGP
·2021-02-27
Buy at panic
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1
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WaiZheng
·2021-02-27
Should I clear position?
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1
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收起
- 我是巴菲特2:
  Maybe
  2021-02-27
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Nicholasbt
·2021-02-26
Scary times
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1
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- Nicholasbt:
  Indeed
  2021-02-26
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- JeremyKok:
  agree.
  2021-03-01
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KW1
·2021-02-26
Is market going to sink further?
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3
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slien23
·2021-02-26
[财迷]
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1
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Hayz
·2021-02-26
US continue to print $, $ have to go somewhere......
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1
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BrianLTS
·2021-02-26
Indeed
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2
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收起
- Leoneon8881:
  .
  2021-02-26
  回复
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BibiLoh
·2021-02-26
Lelong on share price
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1
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phgoh
·2021-02-26
All will be good in the long term. No fear
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1
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B1B2
·2021-02-26
Correction incoming
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点赞
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2Cupofcoffee
·2021-02-26
Something to think about..
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1
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nsk
·2021-02-26
Ok
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1
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2b0a0f87
·2021-02-26
[开心]
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1
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miaow
·2021-02-26
Time to go on shopping spreeeeee
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1
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(One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"},"commentList":[{"id":365943650,"gmtCreate":1614693465370,"gmtModify":1703479946953,"author":{"id":"3575859183800572","authorId":"3575859183800572","name":"w8w8","avatar":"https://static.tigerbbs.com/1a305fe39d1c227693a64cc331afda1a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3575859183800572","idStr":"3575859183800572"},"htmlText":"which bond now","listText":"which bond now","text":"which bond now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365943650","repostId":1108379103,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":362018632,"gmtCreate":1614572853726,"gmtModify":1703478345503,"author":{"id":"3572964943386589","authorId":"3572964943386589","name":"chuanyi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3572964943386589","idStr":"3572964943386589"},"htmlText":"Ttttm","listText":"Ttttm","text":"Ttttm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/362018632","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3687083,"gmtCreate":1614584098059,"gmtModify":1635760014038,"authorId":3573635568928452,"author":{"id":3573635568928452,"idStr":"3573635568928452","authorId":3573635568928452,"name":"AntMan","avatar":"https://static.tigerbbs.com/d1008fe6c589933cfd307a9e79a22cd8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":362018632,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":366295078,"gmtCreate":1614484840994,"gmtModify":1703477769431,"author":{"id":"3573775111920367","authorId":"3573775111920367","name":"Tiongwee","avatar":"https://static.tigerbbs.com/e90910e406e67c77f42e225b16b69020","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3573775111920367","idStr":"3573775111920367"},"htmlText":"Wait and see","listText":"Wait and see","text":"Wait and see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/366295078","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":366848630,"gmtCreate":1614444383220,"gmtModify":1703477594482,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3572861107908339","idStr":"3572861107908339"},"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/366848630","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3681183,"gmtCreate":1614479440958,"gmtModify":1635760349344,"authorId":3556969222862067,"author":{"id":3556969222862067,"idStr":"3556969222862067","authorId":3556969222862067,"name":"Leoneon8881","avatar":"https://static.tigerbbs.com/f538101c460b5f022a9dba30ce236442","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":366848630,"type":1,"supId":0,"prevId":0,"content":"🤞🏼","text":"🤞🏼","html":"🤞🏼"}],"langContent":"EN"},{"id":366985996,"gmtCreate":1614384511615,"gmtModify":1703477116317,"author":{"id":"3568855588230949","authorId":"3568855588230949","name":"IsleofSkye","avatar":"https://static.tigerbbs.com/67513c367fa2b32512713968a36dcf7d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3568855588230949","idStr":"3568855588230949"},"htmlText":"Buy on dip?&nbsp;","listText":"Buy on dip?&nbsp;","text":"Buy on dip?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/366985996","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3681185,"gmtCreate":1614479449248,"gmtModify":1635760349125,"authorId":3556969222862067,"author":{"id":3556969222862067,"idStr":"3556969222862067","authorId":3556969222862067,"name":"Leoneon8881","avatar":"https://static.tigerbbs.com/f538101c460b5f022a9dba30ce236442","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":366985996,"type":1,"supId":0,"prevId":0,"content":"👍🏻","text":"👍🏻","html":"👍🏻"},{"id":3684149,"gmtCreate":1614547256342,"gmtModify":1635760183918,"authorId":3567307840510045,"author":{"id":3567307840510045,"idStr":"3567307840510045","authorId":3567307840510045,"name":"JeremyKok","avatar":"https://static.tigerbbs.com/01b03a485f83b6b2615fad8ac9b87bf4","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":366985996,"type":1,"supId":0,"prevId":0,"content":"buy on the dip. average down.","text":"buy on the dip. average down.","html":"buy on the dip. average down."}],"langContent":"EN"},{"id":366042987,"gmtCreate":1614369494849,"gmtModify":1703477032575,"author":{"id":"3574639331964090","authorId":"3574639331964090","name":"yung","avatar":"https://static.tigerbbs.com/9824f99b3f3aafd5e3bbacc77ffee02d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574639331964090","idStr":"3574639331964090"},"htmlText":"Should panic&nbsp;","listText":"Should panic&nbsp;","text":"Should panic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/366042987","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":366097992,"gmtCreate":1614357670916,"gmtModify":1703476944265,"author":{"id":"3566729399083221","authorId":"3566729399083221","name":"TP_Low_SGP","avatar":"https://static.tigerbbs.com/315471d8dca2e54d94099d21d80d7b11","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3566729399083221","idStr":"3566729399083221"},"htmlText":"Buy at panic&nbsp;","listText":"Buy at panic&nbsp;","text":"Buy at panic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/366097992","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":366003471,"gmtCreate":1614356098793,"gmtModify":1703476923160,"author":{"id":"3574464879040443","authorId":"3574464879040443","name":"WaiZheng","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574464879040443","idStr":"3574464879040443"},"htmlText":"Should I clear position?&nbsp;","listText":"Should I clear position?&nbsp;","text":"Should I clear position?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/366003471","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3674411,"gmtCreate":1614357553264,"gmtModify":1635760681942,"authorId":3576119706603839,"author":{"id":3576119706603839,"idStr":"3576119706603839","authorId":3576119706603839,"name":"我是巴菲特2","avatar":"https://static.tigerbbs.com/c08d457c52ea1e2a632ac5b5c979b21f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":366003471,"type":1,"supId":0,"prevId":0,"content":"Maybe","text":"Maybe","html":"Maybe"}],"langContent":"EN"},{"id":368584771,"gmtCreate":1614338734393,"gmtModify":1703476574037,"author":{"id":"3575175917571867","authorId":"3575175917571867","name":"Nicholasbt","avatar":"https://static.tigerbbs.com/cadb0988a4576b82bf4b1f83564a0a96","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575175917571867","idStr":"3575175917571867"},"htmlText":"Scary times&nbsp;","listText":"Scary times&nbsp;","text":"Scary times","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/368584771","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3671144,"gmtCreate":1614338756242,"gmtModify":1635760794268,"authorId":3575175917571867,"author":{"id":3575175917571867,"idStr":"3575175917571867","authorId":3575175917571867,"name":"Nicholasbt","avatar":"https://static.tigerbbs.com/cadb0988a4576b82bf4b1f83564a0a96","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":368584771,"type":1,"supId":0,"prevId":0,"content":"Indeed","text":"Indeed","html":"Indeed"},{"id":3684152,"gmtCreate":1614547294511,"gmtModify":1635760183588,"authorId":3567307840510045,"author":{"id":3567307840510045,"idStr":"3567307840510045","authorId":3567307840510045,"name":"JeremyKok","avatar":"https://static.tigerbbs.com/01b03a485f83b6b2615fad8ac9b87bf4","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":368584771,"type":1,"supId":0,"prevId":0,"content":"agree.","text":"agree.","html":"agree."}],"langContent":"EN"},{"id":368515263,"gmtCreate":1614337535852,"gmtModify":1703476559379,"author":{"id":"3563714281601583","authorId":"3563714281601583","name":"KW1","avatar":"https://static.tigerbbs.com/094e3f8fd8b3de3da976515926ed1403","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3563714281601583","idStr":"3563714281601583"},"htmlText":"Is market&nbsp;going to sink further?","listText":"Is market&nbsp;going to sink further?","text":"Is market going to sink further?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368515263","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368534568,"gmtCreate":1614336797154,"gmtModify":1703476546250,"author":{"id":"3554954039850565","authorId":"3554954039850565","name":"slien23","avatar":"https://static.tigerbbs.com/3f10a21c0940c004a5899c9984f639a6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3554954039850565","idStr":"3554954039850565"},"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368534568","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":368593477,"gmtCreate":1614335209999,"gmtModify":1703476522135,"author":{"id":"3576709204489965","authorId":"3576709204489965","name":"Hayz","avatar":"https://static.tigerbbs.com/d87598e3b13004920f673918b320782e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3576709204489965","idStr":"3576709204489965"},"htmlText":"US continue to print $, $ have to go somewhere......","listText":"US continue to print $, $ have to go somewhere......","text":"US continue to print $, $ have to go somewhere......","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368593477","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368234648,"gmtCreate":1614327595584,"gmtModify":1703476400283,"author":{"id":"3572236737712328","authorId":"3572236737712328","name":"BrianLTS","avatar":"https://static.tigerbbs.com/ec1e776b8113215c077b67791e4f544c","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3572236737712328","idStr":"3572236737712328"},"htmlText":"Indeed&nbsp;","listText":"Indeed&nbsp;","text":"Indeed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/368234648","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3670309,"gmtCreate":1614333131736,"gmtModify":1635760824307,"authorId":3556969222862067,"author":{"id":3556969222862067,"idStr":"3556969222862067","authorId":3556969222862067,"name":"Leoneon8881","avatar":"https://static.tigerbbs.com/f538101c460b5f022a9dba30ce236442","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":368234648,"type":1,"supId":0,"prevId":0,"content":".","text":".","html":"."}],"langContent":"EN"},{"id":368205745,"gmtCreate":1614325237087,"gmtModify":1703476372427,"author":{"id":"3574557699510513","authorId":"3574557699510513","name":"BibiLoh","avatar":"https://static.tigerbbs.com/f21c18b08e3344f5db9231e65a487e14","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574557699510513","idStr":"3574557699510513"},"htmlText":"Lelong on share price","listText":"Lelong on share price","text":"Lelong on share price","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368205745","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368644047,"gmtCreate":1614322891689,"gmtModify":1703476344098,"author":{"id":"3575609303099433","authorId":"3575609303099433","name":"phgoh","avatar":"https://static.tigerbbs.com/062800089fa5b42aa5185a2598e7750b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575609303099433","idStr":"3575609303099433"},"htmlText":"All will be good in the long term. No fear&nbsp;","listText":"All will be good in the long term. No fear&nbsp;","text":"All will be good in the long term. No fear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368644047","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368667388,"gmtCreate":1614319455644,"gmtModify":1703476303745,"author":{"id":"3574475026372561","authorId":"3574475026372561","name":"B1B2","avatar":"https://static.tigerbbs.com/b4ccb7da6a3940242c0a0dc05f87652c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574475026372561","idStr":"3574475026372561"},"htmlText":"Correction incoming","listText":"Correction incoming","text":"Correction incoming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368667388","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368662309,"gmtCreate":1614319301401,"gmtModify":1703476298785,"author":{"id":"3575023049990670","authorId":"3575023049990670","name":"2Cupofcoffee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3575023049990670","idStr":"3575023049990670"},"htmlText":"Something to think about..","listText":"Something to think about..","text":"Something to think about..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368662309","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368682114,"gmtCreate":1614318210038,"gmtModify":1703476286788,"author":{"id":"3566130979400930","authorId":"3566130979400930","name":"nsk","avatar":"https://static.tigerbbs.com/ca5161a1cfd9f69617bbe604d09aa849","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3566130979400930","idStr":"3566130979400930"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368682114","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368610590,"gmtCreate":1614316637510,"gmtModify":1703476264860,"author":{"id":"3575014699031786","authorId":"3575014699031786","name":"2b0a0f87","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575014699031786","idStr":"3575014699031786"},"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368610590","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Why stock investors are starting to really worry about rising bond yields</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":368637796,"gmtCreate":1614316507515,"gmtModify":1703476263665,"author":{"id":"3555423017093095","authorId":"3555423017093095","name":"miaow","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3555423017093095","idStr":"3555423017093095"},"htmlText":"Time to go on shopping spreeeeee","listText":"Time to go on shopping spreeeeee","text":"Time to go on shopping spreeeeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368637796","repostId":1108379103,"repostType":4,"repost":{"id":"1108379103","kind":"news","pubTimestamp":1614306313,"share":"https://www.laohu8.com/m/news/1108379103?lang=&edition=full","pubTime":"2021-02-26 10:25","market":"us","language":"en","title":"Why stock investors are starting to really worry about rising bond yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1108379103","media":"cnbc","summary":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, ","content":"<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nWhy stock investors are starting to really worry about rising bond yields\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","VIX":"标普500波动率指数"},"source_url":"https://www.cnbc.com/2021/02/25/why-stock-investors-are-starting-to-really-worry-about-rising-bond-yields.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108379103","content_text":"KEY POINTS\n\nSince February 10th, 10-year Treasury yields have moved from 1.13% to as high as 1.61%, a rise of 48 basis points, the highest level in a year.\nBond investors are getting worried about the potential for inflation.\nSaid one investor on the impact to equities: “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.”\n\nStock investors are trying desperately to interpret what a rise in bond yields means for the stock market.\nSince February 10th,10-year Treasury yields— which are not inflation adjusted — have moved from 1.13% to as high as 1.61%, a rise of 48 basis points,the highest level in a year. (One basis point equals 0.01%)\nFear of inflation is causing investors to speculate the Federal Reserve may have to shift policy sooner than expected, by either reducing bond purchases or even raising rates at some point. That would be a negative for stocks. The Dow was down 559 points on Thursday.\nPeter Tchir from Academy Securities says the recent rise in 10-year bond yields represents a perception about inflation, but not necessarily the reality:  “The rise in 10-year bond yields does not reflect an actual rise in inflation, it reflects that investors anticipate there will be a rise in inflation,” he told me.\nTchir notes that Federal Reserve Chairman Jerome Powell has been pushing back against the idea that over-the-top inflation is coming, noting in his testimony that broad signs of inflation have not been present in the real world, and that if they do occur any such rises would be “transitory.”\nWho’s right on inflation?\nBond investors are getting worried about the potential for inflation.  Powell says to stop worrying about it.  Who’s right?\nIt depends on who you ask, and what you are looking at.\nDo we see inflation in the real world?  We do in commodities: Oil is approaching the highest since 2018, for example, and copper is at an almost 10-year high.\nBut signs of consumer inflation, for example, have been muted, with inflation at or below 2% for many years.\nBulls like Tchir insist that, in this case, the rise in bond yields is not a negative for stocks: “This time the rise in yields is coming from economic growth, stimulus, and infrastructure.  All of that is good for stocks.  That’s why this rise doesn’t scare me too much.”\nHe says the rise in commodity prices can be easily absorbed, and believes that much of that rise is just a temporary condition reflecting the reopening, and that prices will revert back to “normal” levels over time.\nHans Mikkelsen, credit strategist at Bank of America, is not so sure.  He agrees with Tchir on economic growth, but thinks it will be much stronger than anticipated and that will push inflation up:  “Since the summer of 2020 economists have consistently underestimated economic growth to an extent never seen before. There appears a real risk the Fed is not going to be able to sound dovish much longer and that transition could see wider credit spreads.”\nStocks on edge\nThe key to the game, Tchir insists, is whether Powell can stick to his guns:  “If the Fed remains committed to keeping short-term yields low, that will give people comfort we will not get a ‘taper tantrum,’ where rates suddenly skyrocket.   Powell has told us he is comfortable with inflation and he is not going to react to short-term movements.  I believe he is going to stick to his guns.”\nThere’s another issue:  Because stock prices are so high there is no room for error.  Small shifts in yields could cause tech investors in particular to take profits, under the assumption that this is as good as it gets.\nVeteran stock commentator Michael Farr from Farr, Miller & Washington has already told clients that even this relatively modest rise in rates is a signal:  “The days of simply piling into the market leaders regardless of valuation may be drawing to a close.  Investors must now recognize that there are alternative opportunities out there, including both heretofore underperforming stocks as well as incrementally more attractive bonds.  A powerful economic rebound combined with rising interest rates and higher inflation, if that indeed transpires, will change the investment backdrop in a meaningful way.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":138,"commentSize":40,"repostSize":0,"favoriteSize":4,"likeStatus":false,"favoriteStatus":false}}