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infi
infi
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2021-06-22
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infi
infi
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2021-06-22
Noted
One Mad Market & Six Cold Reality-Checks
Fact checking politicos, headlines and central bankers is one thing.Putting their "facts" into conte
One Mad Market & Six Cold Reality-Checks
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infi
infi
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2021-06-22
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infi
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2021-06-22
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infi
infi
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2021-06-22
Moon
Plug Power moves higher following mixed Q1 results
(June 22) Plug Power had a mixed earnings report, missing on its bottom line but reporting better-th
Plug Power moves higher following mixed Q1 results
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2021-06-22
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2021-06-22
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infi
infi
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2021-06-21
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Dow falls more than 500 points to close out its worst week since October
Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since Octob
Dow falls more than 500 points to close out its worst week since October
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infi
infi
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2021-06-21
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Adobe Getting Lift From Economic Reopening Post-Pandemic
Software giant Adobe is benefiting as the economy reopens following the Covid-19 pandemic, a senior executive says.
Adobe Getting Lift From Economic Reopening Post-Pandemic
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2021-06-21
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19:00","market":"us","language":"en","title":"One Mad Market & Six Cold Reality-Checks","url":"https://stock-news.laohu8.com/highlight/detail?id=1145563175","media":"zerohedge","summary":"Fact checking politicos, headlines and central bankers is one thing.Putting their \"facts\" into conte","content":"<p>Fact checking politicos, headlines and central bankers is one thing.<b>Putting their \"facts\" into context is another.</b></p>\n<p>Toward that end, it’s critical to place so-called “economic growth,” Treasury market growth, stock market growth, GDP growth and, of course, gold price growth into clearer perspective despite an insane global backdrop that is anything but clearly reported.</p>\n<p><b>Context 1: The Rising Growth Headline</b></p>\n<p>Recently, Biden’s economic advisor, Jared Bernstein, calmed the masses with yet another headline-making boast that the U.S. is “growing considerably faster” than their trading partners.</p>\n<p>Fair enough.</p>\n<p>But given that the U.S. is running the largest deficits on historical record…</p>\n<p><img src=\"https://static.tigerbbs.com/0ac5ed804cb5613af2890f604dac56be\" tg-width=\"575\" tg-height=\"405\" referrerpolicy=\"no-referrer\"></p>\n<p>…such “growth” is not surprising.</p>\n<p>In other words, bragging about growth on the back of extreme deficit spending is like a spoiled kid bragging about a new Porsche secretly purchased with his father’s credit card: It only looks good until the bill arrives and the car vanishes.</p>\n<p>In a financial world gone mad, it’s critical to look under the hood of what passes for growth in particular or basic principles of price discovery, debt levels or supply and demand in general.</p>\n<p>In short: “Growth” driven by extreme debt is not growth at all–it’s just the headline surface shine on a sports car one can’t afford.</p>\n<p>And yet <b>the madness continues</b>…Take the U.S. Treasury market, for example.</p>\n<p><b>Context 2: The Treasury “Market”?</b></p>\n<p>How can anyone call the U.S. Treasury market a “market” when 56% of the $4.5T of bonds issued since last February have been bought by the Fed itself?</p>\n<p>Sounds more like an insider price-fix than a “market,” no?</p>\n<p>Such context gives an entirely new meaning to the idea of “drinking your own Kool-aide” and ought to be a cool reminder that Treasury bonds in general, and bond yields in particular, are zombies masquerading as credit Olympians.</p>\n<p>The Fed, of course, will pretend that such “support” is as temporary as their “transitory inflation” meme, but most market realists understood long ago that more and crazier bond yield “support” is the only way for national debt bubbles (and IOU’s) to stay zombie-like alive.</p>\n<p>In short, the better phrase for Treasury “support,” “accommodation,” or “stimulus” is simply: “Life Support.”</p>\n<p>With central banks like the Fed continuing to create fiat currencies to monetize their unsustainable debt well into the distant future, we can safely foresee a further weakening of the USD and further strengthening of gold prices, mining stocks and key risk assets like tech and industrial stocks.</p>\n<p><b>Context 3: Deflation is back?</b></p>\n<p>Hardly.</p>\n<p>Last week’s jaw-boning from Powell, Fisher and Bullard had the markets wondering if the Fed will be raising rates in the distant future.</p>\n<p>The very fact that Powell raised the issue is because the Fed is realizing that inflation is going to be sticky <b>rather than “transitory”</b>and thus they are already pretending to pose as Hawkish.</p>\n<p>But if the Fed raises rates to quell real rather than “transitory” inflation, the markets and Uncle Sam will go into a tantrum. End of story.</p>\n<p>As I’ve written elsewhere: Pick your Fed poison—<b>tanking markets or surging inflation.</b>Eventually, we foresee both.</p>\n<p>Meanwhile, and fully aware that inflation, with some dips, is only going to trend higher, Powell is already using semantics to change the rules mid-game, now saying that rather than “allow” 2% inflation, they’ll settle for an “average” of 2%.</p>\n<p>Translated into honest English, this just means expect more inflation around the corner.</p>\n<p><b>Context 4: Rising Stock Markets</b></p>\n<p>Despite reaching nosebleed levels which defy <i>every</i> traditional valuation ceiling, from CAPE ratios and Tobin ratios to book values and FCF data, the headlines remind us that stocks can go even higher—and they can indeed.</p>\n<p>But context, as well as history, reminds us that the bigger the bubble the bigger the mean-reverting fall.</p>\n<p><img src=\"https://static.tigerbbs.com/f1586e90684f7b8ae0525c04b1fa4bc7\" tg-width=\"624\" tg-height=\"439\" referrerpolicy=\"no-referrer\"></p>\n<p><b>No Treasure in Treasuries = Lot’s of Air in Stocks</b></p>\n<p>Based upon the objective facts above, we now know that the only primary buyers showing up at U.S. Treasury auctions is the Fed itself.</p>\n<p>This is because the rest of the world (Asia, Europe etc.) doesn’t want them.</p>\n<p>The next question is “why”?</p>\n<p>The answer is multiple yet simple.</p>\n<p>First, and despite the open myth of American Exceptionalism, investors in other countries can actually think, read and count for themselves, which means they’re not simply trusting the Fed—or its IOU’s– blindly.</p>\n<p>Stated otherwise, they are not buying the “transitory inflation” or “strong USD” story pouring recently out of the FOMC mouthpieces.</p>\n<p>Inflation is not only rising in the U.S., it’s also creeping up elsewhere—even in Japan, but especially in China. This is largely because the U.S. exports its inflation (and debased dollars) offshore via trade and fiscal deficits.</p>\n<p>Such deliberate inflation exporting by the U.S. places those countries (creditors) that lent money to Uncle Sam into a dilemma: They can either 1) let their currencies inflate alongside the dollar (hardly fun), or 2) try to quell the <i>outflow</i> of exported (debased) US dollars to save their own currencies from further debasement.</p>\n<p>Option 2, of course, is the better option, which means foreign investors need to buy something more appealing than discredited U.S. Treasuries.</p>\n<p>Sadly, ironically, and yet factually, the only assets better than <i>bogus</i> US Treasuries are <i>bloated</i> U.S. stocks.</p>\n<p>In short, nosebleed-priced US stocks are still the lesser of the two US evils, and foreigners are therefore buying/seeing stocks as a better hedge against the debased USD than sovereign bonds.</p>\n<p>Don’t believe me?</p>\n<p>See for yourself—the rest of the world is adding lots of air to the U.S. equity bubble:</p>\n<p><img src=\"https://static.tigerbbs.com/fc5b73212bd7c3126d6a130e88169139\" tg-width=\"582\" tg-height=\"407\" referrerpolicy=\"no-referrer\">This is <i>contextually</i> troublesome for a number of reasons.</p>\n<p>First, it means the declining US of A has gone from hocking its bonds to the rest of the world to hocking it stocks to the rest of the world (i.e., China…).</p>\n<p>Longer term, this simply means that via direct stock ownership, foreigners will slowly own more of corporate America than, well America…</p>\n<p>As for this slow gutting of the once-great America to foreign buyers, don’t blame the data. Blame your Fed and other policy makers (including labor off-shoring CEO’s) for selling-out America and pretending debt can be magically solved with magical (fake) money creation.</p>\n<p>Of course, the second pesky little problem with stocks rising beyond the pale of sanity, earnings and honest FCF data is a thing called volatility—i.e., market seasickness.</p>\n<p>Nothing goes in a straight line, including the dollar or the market. There will be swings.</p>\n<p>Right now, the short on the USD is the highest it has been in four years.</p>\n<p><img src=\"https://static.tigerbbs.com/c420ec0af0df42eabb7a3d248da4db10\" tg-width=\"624\" tg-height=\"507\" referrerpolicy=\"no-referrer\">Yet if, by some chance, the Fed ever attempts to taper or raise rates, all those foreign dollars piling into U.S. stocks (above) create a bubble that always pops, as do the foregoing dollar shorts, which get squeezed.</p>\n<p>That could cause a massive sell-off in U.S. equity markets as foreigners sell their stocks to buy more dollars.</p>\n<p>In short, there’s a lot of different needles pointing at the current equity bubble, and a correction within the next month or so is more than likely.</p>\n<p>The sharpest of those needles, by the way, is the appallingly comical level of U.S. margin debt (i.e. leverage) <i>not</i> making the headlines yet <i>now</i> making all-time highs.</p>\n<p><img src=\"https://static.tigerbbs.com/021f71bd7e78a1c275a9c9d74691c525\" tg-width=\"624\" tg-height=\"531\" referrerpolicy=\"no-referrer\">As a reminder, whenever margin debt peaks (above), markets tank soon thereafter, as anyone who remembers the dot.com and sub-prime market fiascos of yore can attest.</p>\n<p>Just saying…</p>\n<p><b>Context 5: The Dark Side of “Surging” GDP Growth</b></p>\n<p>The World Bank recently made its own headlines projecting 5.6% global GDP growth, the fastest seen in 80 years.</p>\n<p>Good stuff, right?</p>\n<p>Well, not when placed into <i>context</i>…</p>\n<p>The last time we saw 5.6% global GDP growth was during a <i>global world war</i>.</p>\n<p>Obviously, when the world is in a state of global military rubble, growth of any kind is likely to “surge” from such an historical (and horrific) baseline.</p>\n<p>Coming out of World War II, everyone, including the U.S. was in debt. World wars, after all, can do that…</p>\n<p>As the victorious and civilization-saving U.S. came out of that war, it made some justifiable sense to de-lever that noble yet extreme debt by printing money, repressing bond yields and stimulating GDP growth.</p>\n<p>What followed was at least a defendable 40-year stretch in which US nominal GDP ran 500-800 bps above US Treasury yields.</p>\n<p>In short, bond-holders got slammed, but the cause, crisis and re-building after defeating the Axis powers justified the sacrifice.</p>\n<p>The same, however, can not be said today as bond-holders get crushed yet again in a new-abnormal in which GDP will greatly (and similarly) outpace long-term bond yields.</p>\n<p>Needless to say, current policy makers, the very foxes who put the global economic henhouse into the current pile of debt of rubble, like to blame this on COVID rather their bathroom mirrors.</p>\n<p>Ironically, however, central bankers (as opposed to the <i>Wehrmacht</i>, the Japanese Empire or Italy’s Mussolini) managed to do as much harm to the global economy <i>today</i> (with deficit policies and extend-and-pretend money printers) as Germany’s <i>Blitzkrieg</i> or Hirohito’s Banzai raids did in the 1940’s.</p>\n<p>When it comes to context, can or should we really be comparing a global flu (death toll 3.75M) to a global war (death toll 85 million)?</p>\n<p>The policy makers would like <i>you</i> to think so.</p>\n<p>Folks like Mnuchin (last year) or Yellen, Powell and the IMF (this year), are in fact trying to convince themselves and the world that the war against COVID was the real <i>casus belli</i> (reason for a justifiable war) of our current debt distress—equal in scope to World War II in its drastic impact on the financial world.</p>\n<p>But regardless of anyone’s views on the COVID “War” or its questionable policy reactions, comparing its economic impact to that of World War II is an insult to both history and military metaphors.</p>\n<p>The simple, objective and mathematically-confirmed fact is that the global economy was <i>already</i> in a debt crisis long <i>before</i> the first Corona headline of early 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/173b90a9931417cc655b6129fc7dc38c\" tg-width=\"624\" tg-height=\"466\" referrerpolicy=\"no-referrer\">Today, US debt to GDP is at levels it has not seen since that tragic and Second World War, and it’s projected to go much, much higher.</p>\n<p><img src=\"https://static.tigerbbs.com/54e71ae4475b3449c8833ca918ddbd82\" tg-width=\"624\" tg-height=\"297\" referrerpolicy=\"no-referrer\"></p>\n<p>So, just in case you still think the Fed can and will meaningfully raise rates to fight obvious inflation, as it did in the 1970’s or 1980’s, think again.</p>\n<p>In the 1970’s and 1980’s US debt/GDP was 30%. Today it’s 130%.</p>\n<p>Given this self-inflicted (rather than COVID-blamed) reality, the Fed simply can’t afford to raise rates. Period. Full stop.</p>\n<p>But as my colleague, Egon von Greyerz reminds, that by no means suggests that rates can’t and won’t rise.</p>\n<p>The Fed (and other central banks) may be powerful, but they are not divine. In short, there’s a limit to their powers to simply “control” rates with a mouse-click.</p>\n<p>At some point, there’s not enough credible fake money to manage the yield curve—especially on the long end.</p>\n<p>As more printed and <b>tanking currencies</b> try to purchase lower yields and rates, eventually the entire experiment fails.</p>\n<p>At that critical point, rates spike, inflation raises its ugly head and the central bankers look for something other than themselves to blame as the rest of the world stares at worthless currencies being replaced by comical central bank digital dollars.</p>\n<p>Wonderful…</p>\n<p><b>Context 6: That Barbaric Relic?</b></p>\n<p>What the foregoing inflation and rate contexts means is that in the years ahead, inflation will run higher and rates will run (be forced/controlled) lower until both rates and inflation spike together.</p>\n<p>This further means that <i>real</i> rates (i.e., those adjusted for inflation) could run as deep as -5% to -10% in the years ahead.</p>\n<p>Such negative real rate levels could easily surpass those seen in the 70’s and 80’s, which means gold (and silver), both of whom love negative real rates, has nowhere to go but up, up and away in this totally debt-distorted backdrop.</p>\n<p>How’s that for context?</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One Mad Market & Six Cold Reality-Checks</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne Mad Market & Six Cold Reality-Checks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 19:00 GMT+8 <a href=https://www.zerohedge.com/markets/one-mad-market-six-cold-reality-checks?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fact checking politicos, headlines and central bankers is one thing.Putting their \"facts\" into context is another.\nToward that end, it’s critical to place so-called “economic growth,” Treasury market ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/one-mad-market-six-cold-reality-checks?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/one-mad-market-six-cold-reality-checks?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145563175","content_text":"Fact checking politicos, headlines and central bankers is one thing.Putting their \"facts\" into context is another.\nToward that end, it’s critical to place so-called “economic growth,” Treasury market growth, stock market growth, GDP growth and, of course, gold price growth into clearer perspective despite an insane global backdrop that is anything but clearly reported.\nContext 1: The Rising Growth Headline\nRecently, Biden’s economic advisor, Jared Bernstein, calmed the masses with yet another headline-making boast that the U.S. is “growing considerably faster” than their trading partners.\nFair enough.\nBut given that the U.S. is running the largest deficits on historical record…\n\n…such “growth” is not surprising.\nIn other words, bragging about growth on the back of extreme deficit spending is like a spoiled kid bragging about a new Porsche secretly purchased with his father’s credit card: It only looks good until the bill arrives and the car vanishes.\nIn a financial world gone mad, it’s critical to look under the hood of what passes for growth in particular or basic principles of price discovery, debt levels or supply and demand in general.\nIn short: “Growth” driven by extreme debt is not growth at all–it’s just the headline surface shine on a sports car one can’t afford.\nAnd yet the madness continues…Take the U.S. Treasury market, for example.\nContext 2: The Treasury “Market”?\nHow can anyone call the U.S. Treasury market a “market” when 56% of the $4.5T of bonds issued since last February have been bought by the Fed itself?\nSounds more like an insider price-fix than a “market,” no?\nSuch context gives an entirely new meaning to the idea of “drinking your own Kool-aide” and ought to be a cool reminder that Treasury bonds in general, and bond yields in particular, are zombies masquerading as credit Olympians.\nThe Fed, of course, will pretend that such “support” is as temporary as their “transitory inflation” meme, but most market realists understood long ago that more and crazier bond yield “support” is the only way for national debt bubbles (and IOU’s) to stay zombie-like alive.\nIn short, the better phrase for Treasury “support,” “accommodation,” or “stimulus” is simply: “Life Support.”\nWith central banks like the Fed continuing to create fiat currencies to monetize their unsustainable debt well into the distant future, we can safely foresee a further weakening of the USD and further strengthening of gold prices, mining stocks and key risk assets like tech and industrial stocks.\nContext 3: Deflation is back?\nHardly.\nLast week’s jaw-boning from Powell, Fisher and Bullard had the markets wondering if the Fed will be raising rates in the distant future.\nThe very fact that Powell raised the issue is because the Fed is realizing that inflation is going to be sticky rather than “transitory”and thus they are already pretending to pose as Hawkish.\nBut if the Fed raises rates to quell real rather than “transitory” inflation, the markets and Uncle Sam will go into a tantrum. End of story.\nAs I’ve written elsewhere: Pick your Fed poison—tanking markets or surging inflation.Eventually, we foresee both.\nMeanwhile, and fully aware that inflation, with some dips, is only going to trend higher, Powell is already using semantics to change the rules mid-game, now saying that rather than “allow” 2% inflation, they’ll settle for an “average” of 2%.\nTranslated into honest English, this just means expect more inflation around the corner.\nContext 4: Rising Stock Markets\nDespite reaching nosebleed levels which defy every traditional valuation ceiling, from CAPE ratios and Tobin ratios to book values and FCF data, the headlines remind us that stocks can go even higher—and they can indeed.\nBut context, as well as history, reminds us that the bigger the bubble the bigger the mean-reverting fall.\n\nNo Treasure in Treasuries = Lot’s of Air in Stocks\nBased upon the objective facts above, we now know that the only primary buyers showing up at U.S. Treasury auctions is the Fed itself.\nThis is because the rest of the world (Asia, Europe etc.) doesn’t want them.\nThe next question is “why”?\nThe answer is multiple yet simple.\nFirst, and despite the open myth of American Exceptionalism, investors in other countries can actually think, read and count for themselves, which means they’re not simply trusting the Fed—or its IOU’s– blindly.\nStated otherwise, they are not buying the “transitory inflation” or “strong USD” story pouring recently out of the FOMC mouthpieces.\nInflation is not only rising in the U.S., it’s also creeping up elsewhere—even in Japan, but especially in China. This is largely because the U.S. exports its inflation (and debased dollars) offshore via trade and fiscal deficits.\nSuch deliberate inflation exporting by the U.S. places those countries (creditors) that lent money to Uncle Sam into a dilemma: They can either 1) let their currencies inflate alongside the dollar (hardly fun), or 2) try to quell the outflow of exported (debased) US dollars to save their own currencies from further debasement.\nOption 2, of course, is the better option, which means foreign investors need to buy something more appealing than discredited U.S. Treasuries.\nSadly, ironically, and yet factually, the only assets better than bogus US Treasuries are bloated U.S. stocks.\nIn short, nosebleed-priced US stocks are still the lesser of the two US evils, and foreigners are therefore buying/seeing stocks as a better hedge against the debased USD than sovereign bonds.\nDon’t believe me?\nSee for yourself—the rest of the world is adding lots of air to the U.S. equity bubble:\nThis is contextually troublesome for a number of reasons.\nFirst, it means the declining US of A has gone from hocking its bonds to the rest of the world to hocking it stocks to the rest of the world (i.e., China…).\nLonger term, this simply means that via direct stock ownership, foreigners will slowly own more of corporate America than, well America…\nAs for this slow gutting of the once-great America to foreign buyers, don’t blame the data. Blame your Fed and other policy makers (including labor off-shoring CEO’s) for selling-out America and pretending debt can be magically solved with magical (fake) money creation.\nOf course, the second pesky little problem with stocks rising beyond the pale of sanity, earnings and honest FCF data is a thing called volatility—i.e., market seasickness.\nNothing goes in a straight line, including the dollar or the market. There will be swings.\nRight now, the short on the USD is the highest it has been in four years.\nYet if, by some chance, the Fed ever attempts to taper or raise rates, all those foreign dollars piling into U.S. stocks (above) create a bubble that always pops, as do the foregoing dollar shorts, which get squeezed.\nThat could cause a massive sell-off in U.S. equity markets as foreigners sell their stocks to buy more dollars.\nIn short, there’s a lot of different needles pointing at the current equity bubble, and a correction within the next month or so is more than likely.\nThe sharpest of those needles, by the way, is the appallingly comical level of U.S. margin debt (i.e. leverage) not making the headlines yet now making all-time highs.\nAs a reminder, whenever margin debt peaks (above), markets tank soon thereafter, as anyone who remembers the dot.com and sub-prime market fiascos of yore can attest.\nJust saying…\nContext 5: The Dark Side of “Surging” GDP Growth\nThe World Bank recently made its own headlines projecting 5.6% global GDP growth, the fastest seen in 80 years.\nGood stuff, right?\nWell, not when placed into context…\nThe last time we saw 5.6% global GDP growth was during a global world war.\nObviously, when the world is in a state of global military rubble, growth of any kind is likely to “surge” from such an historical (and horrific) baseline.\nComing out of World War II, everyone, including the U.S. was in debt. World wars, after all, can do that…\nAs the victorious and civilization-saving U.S. came out of that war, it made some justifiable sense to de-lever that noble yet extreme debt by printing money, repressing bond yields and stimulating GDP growth.\nWhat followed was at least a defendable 40-year stretch in which US nominal GDP ran 500-800 bps above US Treasury yields.\nIn short, bond-holders got slammed, but the cause, crisis and re-building after defeating the Axis powers justified the sacrifice.\nThe same, however, can not be said today as bond-holders get crushed yet again in a new-abnormal in which GDP will greatly (and similarly) outpace long-term bond yields.\nNeedless to say, current policy makers, the very foxes who put the global economic henhouse into the current pile of debt of rubble, like to blame this on COVID rather their bathroom mirrors.\nIronically, however, central bankers (as opposed to the Wehrmacht, the Japanese Empire or Italy’s Mussolini) managed to do as much harm to the global economy today (with deficit policies and extend-and-pretend money printers) as Germany’s Blitzkrieg or Hirohito’s Banzai raids did in the 1940’s.\nWhen it comes to context, can or should we really be comparing a global flu (death toll 3.75M) to a global war (death toll 85 million)?\nThe policy makers would like you to think so.\nFolks like Mnuchin (last year) or Yellen, Powell and the IMF (this year), are in fact trying to convince themselves and the world that the war against COVID was the real casus belli (reason for a justifiable war) of our current debt distress—equal in scope to World War II in its drastic impact on the financial world.\nBut regardless of anyone’s views on the COVID “War” or its questionable policy reactions, comparing its economic impact to that of World War II is an insult to both history and military metaphors.\nThe simple, objective and mathematically-confirmed fact is that the global economy was already in a debt crisis long before the first Corona headline of early 2020.\nToday, US debt to GDP is at levels it has not seen since that tragic and Second World War, and it’s projected to go much, much higher.\n\nSo, just in case you still think the Fed can and will meaningfully raise rates to fight obvious inflation, as it did in the 1970’s or 1980’s, think again.\nIn the 1970’s and 1980’s US debt/GDP was 30%. Today it’s 130%.\nGiven this self-inflicted (rather than COVID-blamed) reality, the Fed simply can’t afford to raise rates. Period. Full stop.\nBut as my colleague, Egon von Greyerz reminds, that by no means suggests that rates can’t and won’t rise.\nThe Fed (and other central banks) may be powerful, but they are not divine. In short, there’s a limit to their powers to simply “control” rates with a mouse-click.\nAt some point, there’s not enough credible fake money to manage the yield curve—especially on the long end.\nAs more printed and tanking currencies try to purchase lower yields and rates, eventually the entire experiment fails.\nAt that critical point, rates spike, inflation raises its ugly head and the central bankers look for something other than themselves to blame as the rest of the world stares at worthless currencies being replaced by comical central bank digital dollars.\nWonderful…\nContext 6: That Barbaric Relic?\nWhat the foregoing inflation and rate contexts means is that in the years ahead, inflation will run higher and rates will run (be forced/controlled) lower until both rates and inflation spike together.\nThis further means that real rates (i.e., those adjusted for inflation) could run as deep as -5% to -10% in the years ahead.\nSuch negative real rate levels could easily surpass those seen in the 70’s and 80’s, which means gold (and silver), both of whom love negative real rates, has nowhere to go but up, up and away in this totally debt-distorted backdrop.\nHow’s that for context?","news_type":1},"isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129618667,"gmtCreate":1624370748859,"gmtModify":1634007128666,"author":{"id":"3579822603072333","authorId":"3579822603072333","name":"infi","avatar":"https://static.tigerbbs.com/9c04f0bbe1a72cc3e39c64fc309119c6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579822603072333","authorIdStr":"3579822603072333"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129618667","repostId":"1162790761","repostType":4,"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129631465,"gmtCreate":1624370542857,"gmtModify":1634007135844,"author":{"id":"3579822603072333","authorId":"3579822603072333","name":"infi","avatar":"https://static.tigerbbs.com/9c04f0bbe1a72cc3e39c64fc309119c6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579822603072333","authorIdStr":"3579822603072333"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129631465","repostId":"1187133273","repostType":4,"isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129633536,"gmtCreate":1624370523225,"gmtModify":1634007136758,"author":{"id":"3579822603072333","authorId":"3579822603072333","name":"infi","avatar":"https://static.tigerbbs.com/9c04f0bbe1a72cc3e39c64fc309119c6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579822603072333","authorIdStr":"3579822603072333"},"themes":[],"htmlText":"Moon","listText":"Moon","text":"Moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129633536","repostId":"1164714575","repostType":4,"repost":{"id":"1164714575","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624369315,"share":"https://www.laohunote.com/m/news/1164714575?lang=&edition=full","pubTime":"2021-06-22 21:41","market":"us","language":"en","title":"Plug Power moves higher following mixed Q1 results","url":"https://stock-news.laohu8.com/highlight/detail?id=1164714575","media":"Tiger Newspress","summary":"(June 22) Plug Power had a mixed earnings report, missing on its bottom line but reporting better-th","content":"<p>(June 22) Plug Power had a mixed earnings report, missing on its bottom line but reporting better-than-expected quarterly revenue. Still, shares edged higher in morning trading Tuesday.</p>\n<p><img src=\"https://static.tigerbbs.com/18c95193b7e71aa70fb34e84ee562115\" tg-width=\"658\" tg-height=\"477\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Plug Power Missed Earnings Estimates. Why Its Stock Is Gaining？</b></p>\n<p>Hydrogen fuel cell technology provider Plug Power reported somewhat disappointing first-quarter earnings on Tuesday. Its stock is rising anyway in premarket trading.</p>\n<p>The report signals things are calming down at the company, after results were delayed by accounting issues.</p>\n<p>Plug (ticker: PLUG) reported a loss of 12 cents per share from $72 million in sales. Wall Street was looking for an 8 cent loss from $69 million in sales. It’s an earning miss, but earnings for a smaller company with big growth plans isn’t as important as sales. Plug’s 2021 sales are expected to be $465 million, growing to more than $1 billion by 2023.</p>\n<p>Plug also ended the quarter with more than $4.3 billion in cash on the balance sheet.</p>\n<p>Plug stock rose 0.5% in premarket trading. S&P 500 futures are flat.</p>\n<p>It took a while for the company to report its first quarter. In 2020, Plug reported first-quarter results on May 7. This year, however, accounting issues—disclosed in March—got in the way. The company ended up restating some older results after changing the accounting for customer contracts. Cash wasn’t affected by the restatements.</p>\n<p>The accounting-related delay is another reasons the stock isn’t doing much after the release of actual earnings. Amid all the restatements and updates, investors had a good sense of what was coming for the first quarter. Several times in May, Plug management had said sales would be greater than $67 million.</p>\n<p>Plug management hosts a conference call for analysts and investors at 8:30 a.m. ET. Investors will be eager to hear about second-quarter sales, which are expected to be more than $100 million.</p>\n<p>Year to date, Plug stock is down about 12%, trailing behind comparable gains of the S&P 500 and Dow Jones Industrial Average. Many renewable energy stocks have struggled in 2021 after amazing 2020 gains. Stock in electric-vehicle maker Tesla (TSLA), for instance, is down about 12% year to date after rising 743% in 2020. Plug stock rose 973% in 2020.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Plug Power moves higher following mixed Q1 results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlug Power moves higher following mixed Q1 results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-22 21:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(June 22) Plug Power had a mixed earnings report, missing on its bottom line but reporting better-than-expected quarterly revenue. Still, shares edged higher in morning trading Tuesday.</p>\n<p><img src=\"https://static.tigerbbs.com/18c95193b7e71aa70fb34e84ee562115\" tg-width=\"658\" tg-height=\"477\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Plug Power Missed Earnings Estimates. Why Its Stock Is Gaining？</b></p>\n<p>Hydrogen fuel cell technology provider Plug Power reported somewhat disappointing first-quarter earnings on Tuesday. Its stock is rising anyway in premarket trading.</p>\n<p>The report signals things are calming down at the company, after results were delayed by accounting issues.</p>\n<p>Plug (ticker: PLUG) reported a loss of 12 cents per share from $72 million in sales. Wall Street was looking for an 8 cent loss from $69 million in sales. It’s an earning miss, but earnings for a smaller company with big growth plans isn’t as important as sales. Plug’s 2021 sales are expected to be $465 million, growing to more than $1 billion by 2023.</p>\n<p>Plug also ended the quarter with more than $4.3 billion in cash on the balance sheet.</p>\n<p>Plug stock rose 0.5% in premarket trading. S&P 500 futures are flat.</p>\n<p>It took a while for the company to report its first quarter. In 2020, Plug reported first-quarter results on May 7. This year, however, accounting issues—disclosed in March—got in the way. The company ended up restating some older results after changing the accounting for customer contracts. Cash wasn’t affected by the restatements.</p>\n<p>The accounting-related delay is another reasons the stock isn’t doing much after the release of actual earnings. Amid all the restatements and updates, investors had a good sense of what was coming for the first quarter. Several times in May, Plug management had said sales would be greater than $67 million.</p>\n<p>Plug management hosts a conference call for analysts and investors at 8:30 a.m. ET. Investors will be eager to hear about second-quarter sales, which are expected to be more than $100 million.</p>\n<p>Year to date, Plug stock is down about 12%, trailing behind comparable gains of the S&P 500 and Dow Jones Industrial Average. Many renewable energy stocks have struggled in 2021 after amazing 2020 gains. Stock in electric-vehicle maker Tesla (TSLA), for instance, is down about 12% year to date after rising 743% in 2020. Plug stock rose 973% in 2020.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLUG":"普拉格能源"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164714575","content_text":"(June 22) Plug Power had a mixed earnings report, missing on its bottom line but reporting better-than-expected quarterly revenue. Still, shares edged higher in morning trading Tuesday.\n\nPlug Power Missed Earnings Estimates. Why Its Stock Is Gaining？\nHydrogen fuel cell technology provider Plug Power reported somewhat disappointing first-quarter earnings on Tuesday. Its stock is rising anyway in premarket trading.\nThe report signals things are calming down at the company, after results were delayed by accounting issues.\nPlug (ticker: PLUG) reported a loss of 12 cents per share from $72 million in sales. Wall Street was looking for an 8 cent loss from $69 million in sales. It’s an earning miss, but earnings for a smaller company with big growth plans isn’t as important as sales. Plug’s 2021 sales are expected to be $465 million, growing to more than $1 billion by 2023.\nPlug also ended the quarter with more than $4.3 billion in cash on the balance sheet.\nPlug stock rose 0.5% in premarket trading. S&P 500 futures are flat.\nIt took a while for the company to report its first quarter. In 2020, Plug reported first-quarter results on May 7. This year, however, accounting issues—disclosed in March—got in the way. The company ended up restating some older results after changing the accounting for customer contracts. Cash wasn’t affected by the restatements.\nThe accounting-related delay is another reasons the stock isn’t doing much after the release of actual earnings. Amid all the restatements and updates, investors had a good sense of what was coming for the first quarter. Several times in May, Plug management had said sales would be greater than $67 million.\nPlug management hosts a conference call for analysts and investors at 8:30 a.m. ET. Investors will be eager to hear about second-quarter sales, which are expected to be more than $100 million.\nYear to date, Plug stock is down about 12%, trailing behind comparable gains of the S&P 500 and Dow Jones Industrial Average. Many renewable energy stocks have struggled in 2021 after amazing 2020 gains. Stock in electric-vehicle maker Tesla (TSLA), for instance, is down about 12% year to date after rising 743% in 2020. Plug stock rose 973% in 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129639668,"gmtCreate":1624370503154,"gmtModify":1634007137507,"author":{"id":"3579822603072333","authorId":"3579822603072333","name":"infi","avatar":"https://static.tigerbbs.com/9c04f0bbe1a72cc3e39c64fc309119c6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579822603072333","authorIdStr":"3579822603072333"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129639668","repostId":"1177499959","repostType":4,"isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129630960,"gmtCreate":1624370482450,"gmtModify":1634007138073,"author":{"id":"3579822603072333","authorId":"3579822603072333","name":"infi","avatar":"https://static.tigerbbs.com/9c04f0bbe1a72cc3e39c64fc309119c6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579822603072333","authorIdStr":"3579822603072333"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129630960","repostId":"2145056554","repostType":4,"isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164238399,"gmtCreate":1624205850611,"gmtModify":1634009482078,"author":{"id":"3579822603072333","authorId":"3579822603072333","name":"infi","avatar":"https://static.tigerbbs.com/9c04f0bbe1a72cc3e39c64fc309119c6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579822603072333","authorIdStr":"3579822603072333"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/164238399","repostId":"1156696708","repostType":4,"repost":{"id":"1156696708","kind":"news","pubTimestamp":1624063306,"share":"https://www.laohunote.com/m/news/1156696708?lang=&edition=full","pubTime":"2021-06-19 08:41","market":"us","language":"en","title":"Dow falls more than 500 points to close out its worst week since October","url":"https://stock-news.laohu8.com/highlight/detail?id=1156696708","media":"cnbc","summary":"Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since Octob","content":"<div>\n<p>Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.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>Dow falls more than 500 points to close out its worst week since October</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow falls more than 500 points to close out its worst week since October\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 08:41 GMT+8 <a href=https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.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",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/17/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1156696708","content_text":"Stocks fell on Friday, with theDow Jones Industrial Averageposting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.\nThe blue-chip average dropped 533.37 points, or 1.6%, to 33,290.08. TheS&P 500slid 1.3% to 4,166.45. Both the Dow and S&P 500 hit their session lows in the final minutes of trading and closed around those levels. TheNasdaq Compositeclosed 0.9% lower at 14,030.38. Economic comeback plays led the market losses.\nFor the week, the 30-stock Dow lost 3.5%. The S&P 500 and Nasdaq were down by 1.9% and 0.2%, respectively, week to date.\nSt. Louis Federal Reserve President Jim Bullardtold CNBC's \"Squawk Box\"on Friday it was natural for the Fed to tilt a little \"hawkish\" this week and that the first rate increase from the central bank would likely come in 2022. His comments came after the Fed on Wednesday added two rate hikes to its 2023 forecast and increased its inflation projection for the year, putting pressure on stock prices.\n\"The fear held by some investors is that if the Fed tightens policy sooner than expected to help cool inflationary pressures, this could weigh on future economic growth,\" Truist Advisory Services chief market strategist Keith Lerner said in a note. To be sure, he added it would be premature to give up on the so-called value trade right now.\nPockets of the market most sensitive to the economic rebound led the sell-off this week. The S&P 500 energy sector and industrials dropped 5.2% and 3.8%, respectively, for the week. Financials and materials meanwhile, lost more than 6% each. These groups had been market leaders this year on the back of the economic reopening.\nThe decline in stocks came as the Fed's actions caused a drastic flattening of the so-called Treasury yield curve. This means the yields of shorter-duration Treasurys — like the 2-year note — rose while longer-duration yields like the benchmark 10-year declined. The retreat in long-dated bond yields reflects less optimism toward economic growth, while the jump in short-end yields shows the expectations of the Fed raising rates.\nThis phenomenon hurt bank stocks particularly as their earnings could take a hit when the spread between short-term and long-term rates narrows. Bank of America and JPMorgan Chase shares on Friday lost more than 2% each. Citigroup fell by 1.8%, posting its 12th straight daily decline.\nFed Chairman Jerome Powell said Wednesday that officials have discussed tapering bond buying and would at some point begin slowing the asset purchases.\n\"This week's first whiff of an eventual change in Fed policy was a reminder that emergency monetary conditions and the free-money era will ultimately end,\" strategists at MRB Partners wrote in a note. \"We expect a series of incremental retreats from the Fed's benign inflation outlook in the coming months.\"\nCommodity prices were underpressure this weekas China attempted to cool rising prices and as the U.S. dollar strengthens. Copper, gold and platinum fell once again on Friday.\nFriday also coincided with the quarterly \"quadruple witching\" in which options and futures on indexes and equities expire. This event may have contributed to more volatile trading during the session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164231791,"gmtCreate":1624205831413,"gmtModify":1634009482449,"author":{"id":"3579822603072333","authorId":"3579822603072333","name":"infi","avatar":"https://static.tigerbbs.com/9c04f0bbe1a72cc3e39c64fc309119c6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579822603072333","authorIdStr":"3579822603072333"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164231791","repostId":"2144774740","repostType":4,"repost":{"id":"2144774740","kind":"highlight","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1624030096,"share":"https://www.laohunote.com/m/news/2144774740?lang=&edition=full","pubTime":"2021-06-18 23:28","market":"us","language":"en","title":"Adobe Getting Lift From Economic Reopening Post-Pandemic","url":"https://stock-news.laohu8.com/highlight/detail?id=2144774740","media":"Investors","summary":"Software giant Adobe is benefiting as the economy reopens following the Covid-19 pandemic, a senior executive says.","content":"<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p>\n<p>The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p>\n<p>The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p>\n<p>For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p>\n<h2>ADBE Stock Rises After Earnings Report</h2>\n<p>In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p>\n<p>\"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p>\n<p>That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p>\n<p>\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p>\n<p>The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p>\n<h2>Analysts Raise Price Targets On Adobe Stock</h2>\n<p>At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p>\n<p>Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p>\n<p>\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p>\n<p>On June 11, ADBE stock broke out of a 40-week consolidation period at a buy point of 536.98, according to IBD MarketSmith charts.</p>\n<p>However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Adobe Getting Lift From Economic Reopening Post-Pandemic</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAdobe Getting Lift From Economic Reopening Post-Pandemic\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-06-18 23:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p>\n<p>The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p>\n<p>The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p>\n<p>For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p>\n<h2>ADBE Stock Rises After Earnings Report</h2>\n<p>In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p>\n<p>\"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p>\n<p>That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p>\n<p>\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p>\n<p>The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p>\n<h2>Analysts Raise Price Targets On Adobe Stock</h2>\n<p>At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p>\n<p>Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p>\n<p>\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p>\n<p>On June 11, ADBE stock broke out of a 40-week consolidation period at a buy point of 536.98, according to IBD MarketSmith charts.</p>\n<p>However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144774740","content_text":"Software giant Adobe is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.\nThe maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.\nThe San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.\nFor the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.\nADBE Stock Rises After Earnings Report\nIn morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.\n\"All three of our businesses — Creative Cloud, Document Cloud and Experience Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"\nThat momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.\n\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"\nThe reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.\nAnalysts Raise Price Targets On Adobe Stock\nAt least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.\nMizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.\n\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"\nOn June 11, ADBE stock broke out of a 40-week consolidation period at a buy point of 536.98, according to IBD MarketSmith charts.\nHowever, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.","news_type":1},"isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164239463,"gmtCreate":1624205710452,"gmtModify":1634009484731,"author":{"id":"3579822603072333","authorId":"3579822603072333","name":"infi","avatar":"https://static.tigerbbs.com/9c04f0bbe1a72cc3e39c64fc309119c6","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579822603072333","authorIdStr":"3579822603072333"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164239463","repostId":"1126454279","repostType":4,"isVote":1,"tweetType":1,"viewCount":704,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}