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Tonyseng

Tonyseng

长期投资者的小白菜…

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2022-01-31

good game👍

@TigerEvents:Join Tiger Ski Championship, Win a Bonus of Up to USD 2022

2021-06-19

??

Over 2 trillion US stock options decisive battle tonight's "Four Witch Day"

2021-05-15

$Vanguard S&P 500 ETF(VOO)$????

2021-05-14

omg??‍♂️

Ali dropped nearly 5% intraday, dropping shares to lowest since July last year

2021-05-12

666

Tiger Brokers was included in the MSCI China All-Stock Index!

2021-05-09

$Realty Income Corp(O)$???

2021-05-06

????

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2021-05-02

$Realty Income Corp(O)$??

2021-04-29

$Realty Income Corp(O)$????

2021-04-28

$Realty Income Corp(O)$????

2021-04-24

??‍♂️??‍♂️

Will Biden raise taxes on the wealthy end the US stock bull market?

2021-04-23

??

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2021-04-13

????

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2021-04-11

???

Among the three favorite stocks of "Sister Wood", who is most worthy of investors to "Call"?

2021-04-04

$STAG Industrial(STAG)$??‍♂️??‍♂️??‍♂️

2021-04-02

$Realty Income Corp(O)$????

2021-04-01

??

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2021-03-30

???

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2021-03-15

$Vanguard S&P 500 ETF(VOO)$???

2021-03-10

??????

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To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","listText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","text":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: Click to Join the Game","images":[{"img":"https://static.tigerbbs.com/a7b44fa056439fb4010fa55e163d27c3","width":"750","height":"1726"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004448317","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4603,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162804861,"gmtCreate":1624053749453,"gmtModify":1703827579221,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/162804861","repostId":"2144572198","repostType":4,"repost":{"id":"2144572198","kind":"highlight","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1623993218,"share":"https://ttm.financial/m/news/2144572198?lang=en_US&edition=fundamental","pubTime":"2021-06-18 13:13","market":"us","language":"zh","title":"Over 2 trillion US stock options decisive battle tonight's \"Four Witch Day\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2144572198","media":"Wind万得","summary":"美股今年第二个“四巫日”今晚到来，届时将有超2万亿美元美股期权到期，加上美联储暗示流动性或收紧，此次“四巫日”或许是美股的一个转折点。\n四巫日(Quadruplewitchingday)是指美国市场于","content":"<p>The second \"Four Witches Day\" of U.S. stocks this year will arrive tonight, when more than $2 trillion of U.S. stock options will expire. In addition, the Federal Reserve suggests liquidity or tightening. This \"Four Witches Day\" may be a turning point for U.S. stocks.</p><p>Quadruplewitchingday refers to the maturity and settlement date of derivative financial products in the U.S. market on the third Friday of the quarter (March, June, September and December). Stock index futures, stock index options, stock options and single stock futures are all due and delivered on the same day. The simultaneous delivery of these four asset classes will bring violent market volatility, with bulls and shorts playing with each other.</p><p><b>Options expiring this Friday include: $240 billion worth of<a href=\"https://laohu8.com/S/IVV\">S&P 500 ETF</a>Options, $200 billion in mini S&P 500 futures and $1.8 trillion in S&P 500 options, totaling over $2 trillion.</b></p><p><img src=\"https://static.tigerbbs.com/e084b716c88bd8163b59b6f21fa71734\" tg-width=\"500\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p><p>As U.S. stocks have been hitting record highs recently, most June open interest prices are expected to be below current spot prices. As shown in the chart below, options with strike prices are most densely distributed around 3900 and 4150. This means that after this Friday, there could be some support around these points until refilled with new gamma.</p><p><img src=\"https://static.tigerbbs.com/ac0e8bce636a6f73c6b57a18d39a180a\" tg-width=\"500\" tg-height=\"289\" referrerpolicy=\"no-referrer\"></p><p>The trading volume of the Four Witches calendar has been very huge,<b>However, what is more noteworthy this time is that the volatility of U.S. stocks was very low before, and the hint of the Fed's liquidity turnaround has already come out.</b></p><p>In the past 13 trading days, the volatility of the S&P 500 index is only 5.1%, which is the lowest volatility since 2019. However, compared with the lifeless market, the volatility of individual stocks is extremely great, especially retail stocks, such as GME and AMC.</p><p>Charlie McElligott of Nomura notes,<b>Very low market volatility coexisting with a large number of bullish gamma options expiring is very dangerous,</b>Because once positions are closed collectively, real volatility may pick up instantaneously. Meanwhile, the rising VIX index futures relative to the S&P 500 Beta indicates that if there is a sell-off in the market, the short gamma position will recover and the market will become more volatile.</p><p>In addition, the Fed's interest rate meeting on Thursday did not indicate immediate tightening of liquidity, but it also admitted that high inflation will not disappear in the short term, which is equivalent to walking a tightrope between pigeons and hawks. But on Friday, it took real action to tighten liquidity.</p><p>On Friday,<b>Sixty-eight counterparties put $756 billion in funds to the Federal Reserve through overnight reverse repurchase instruments, setting a record high of $584 billion.</b>And the day before. The use of the Fed's overnight reverse repo rate is only $520.9 billion. This represents a $235.1 billion increase in the use of the tool in just one day, a whopping 45% increase.</p><p>The effect of the Fed's reverse repurchase is just the opposite of that of China. Simply put, the role of the central bank's reverse repurchase is to release liquidity, while the Fed's reverse repurchase is to recover liquidity. Single-day usage of the Fed's reverse repo vehicle has exceeded $500 billion for seven consecutive trading sessions since it crossed the $500 billion mark for the first time in usage history last Wednesday.</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>Over 2 trillion US stock options decisive battle tonight's \"Four Witch Day\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOver 2 trillion US stock options decisive battle tonight's \"Four Witch Day\"\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-06-18 13:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The second \"Four Witches Day\" of U.S. stocks this year will arrive tonight, when more than $2 trillion of U.S. stock options will expire. In addition, the Federal Reserve suggests liquidity or tightening. This \"Four Witches Day\" may be a turning point for U.S. stocks.</p><p>Quadruplewitchingday refers to the maturity and settlement date of derivative financial products in the U.S. market on the third Friday of the quarter (March, June, September and December). Stock index futures, stock index options, stock options and single stock futures are all due and delivered on the same day. The simultaneous delivery of these four asset classes will bring violent market volatility, with bulls and shorts playing with each other.</p><p><b>Options expiring this Friday include: $240 billion worth of<a href=\"https://laohu8.com/S/IVV\">S&P 500 ETF</a>Options, $200 billion in mini S&P 500 futures and $1.8 trillion in S&P 500 options, totaling over $2 trillion.</b></p><p><img src=\"https://static.tigerbbs.com/e084b716c88bd8163b59b6f21fa71734\" tg-width=\"500\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p><p>As U.S. stocks have been hitting record highs recently, most June open interest prices are expected to be below current spot prices. As shown in the chart below, options with strike prices are most densely distributed around 3900 and 4150. This means that after this Friday, there could be some support around these points until refilled with new gamma.</p><p><img src=\"https://static.tigerbbs.com/ac0e8bce636a6f73c6b57a18d39a180a\" tg-width=\"500\" tg-height=\"289\" referrerpolicy=\"no-referrer\"></p><p>The trading volume of the Four Witches calendar has been very huge,<b>However, what is more noteworthy this time is that the volatility of U.S. stocks was very low before, and the hint of the Fed's liquidity turnaround has already come out.</b></p><p>In the past 13 trading days, the volatility of the S&P 500 index is only 5.1%, which is the lowest volatility since 2019. However, compared with the lifeless market, the volatility of individual stocks is extremely great, especially retail stocks, such as GME and AMC.</p><p>Charlie McElligott of Nomura notes,<b>Very low market volatility coexisting with a large number of bullish gamma options expiring is very dangerous,</b>Because once positions are closed collectively, real volatility may pick up instantaneously. Meanwhile, the rising VIX index futures relative to the S&P 500 Beta indicates that if there is a sell-off in the market, the short gamma position will recover and the market will become more volatile.</p><p>In addition, the Fed's interest rate meeting on Thursday did not indicate immediate tightening of liquidity, but it also admitted that high inflation will not disappear in the short term, which is equivalent to walking a tightrope between pigeons and hawks. But on Friday, it took real action to tighten liquidity.</p><p>On Friday,<b>Sixty-eight counterparties put $756 billion in funds to the Federal Reserve through overnight reverse repurchase instruments, setting a record high of $584 billion.</b>And the day before. The use of the Fed's overnight reverse repo rate is only $520.9 billion. This represents a $235.1 billion increase in the use of the tool in just one day, a whopping 45% increase.</p><p>The effect of the Fed's reverse repurchase is just the opposite of that of China. Simply put, the role of the central bank's reverse repurchase is to release liquidity, while the Fed's reverse repurchase is to recover liquidity. Single-day usage of the Fed's reverse repo vehicle has exceeded $500 billion for seven consecutive trading sessions since it crossed the $500 billion mark for the first time in usage history last Wednesday.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/be0bdd49975f3ab5453ab8ae8b24f37e","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","VIXY":"波动率短期期货指数ETF","SPY":"标普500ETF","SDS":"两倍做空标普500 ETF-ProShares","TQQQ":"纳指三倍做多ETF","SPXU":"三倍做空标普500ETF-ProShares","OEF":"标普100指数ETF-iShares","DDM":"2倍做多道指ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","SQQQ":"纳指三倍做空ETF",".DJI":"道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","SVXY":"做空波动率指数短期期货ETF-ProShares","SH":"做空标普500-Proshares","DXD":"两倍做空道琼30指数ETF-ProShares",".SPX":"S&P 500 Index","SDOW":"三倍做空道指30ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","IVV":"标普500ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","DOG":"道指ETF-ProShares做空","UDOW":"三倍做多道指30ETF-ProShares","UVXY":"1.5倍做多短期期货恐慌指数ETF-Proshares","DJX":"1/100道琼斯","OEX":"标普100"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144572198","content_text":"美股今年第二个“四巫日”今晚到来，届时将有超2万亿美元美股期权到期，加上美联储暗示流动性或收紧，此次“四巫日”或许是美股的一个转折点。\n四巫日(Quadruplewitchingday)是指美国市场于季月(三月、六月、九月、十二月)第三个星期五之衍生性金融商品到期结算日，股指期货、股指期权、股票期权以及单一股票期货，都在同一天到期交割。这四种资产类别同时交割会带来剧烈的市场波动，多头空头相互博弈。\n本周五到期的期权包括：价值2400亿美元的标普500指数ETF期权，2000亿美元的迷你标普500指数期货以及1.8万亿美元的标普500指数期权，总计价值超2万亿美元。\n\n由于近期美股一直在创新高，预计大部分6月未平仓合约价格都低于当前的现货价格。如下图所示，行权价在3900和4150附近期权分布最密集。这意味着在本周五之后，这些点周围可能会有一定的支撑，直到被新的gamma重新填充。\n\n四巫日历来成交量都非常巨大，但此次更值得注意的点是，此前美股波动率非常低，另外美联储流动性转折的暗示已经出来了。\n过去13个交易日，标普500指数波动率仅有5.1%，这是自2019年以来最低的波动率，但是与大盘死气沉沉相比，个股的波动性却极大，特别是散户抱团股，如GME和AMC等。\n野村证券的Charlie McElligott指出，极低的大盘波动率与大量看涨gamma期权到期并存非常危险，因为一旦头寸集体平仓，实际波动率可能会瞬间回升。同时，VIX指数期货相对于标普500指数Beta值不断上升，这表明，如果市场出现抛售，空头gamma仓位会回升，市场将变得更加不稳定。\n另外，周四的美联储议息会议并没有表示立即收紧流动性，但是也承认了通胀高企短期不会消失，相当于在鸽、鹰派之间走钢丝。但是周五却实实在在行动开始收紧流动性。\n周五，68家对手方通过隔夜逆回购工具将7560亿美元资金放到美联储，刷新了5840亿美元的纪录高位。而前一天。美联储的隔夜逆回购率的使用规模仅为5209亿美元。这意味着，在短短一天时间内，该工具的使用量增加了2351亿美元，增幅高达45%。\n美联储逆回购功效和中国刚刚相反，简单来说，我国央行逆回购的作用是为了释放流动性，而美联储逆回购则是为了收回流动性。自上周三用量史上首次突破5000亿美元大关以来，美联储逆回购工具的单日用量已连续七个交易日超过5000亿美元。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"DJX":0.9,"UDOW":0.9,"SVXY":0.9,"SDOW":0.9,"QID":0.9,"MNQmain":0.9,"OEF":0.9,"TQQQ":0.9,"PSQ":0.9,"DXD":0.9,"VIXmain":0.9,"NQmain":0.9,"VIXY":0.9,"ESmain":0.9,"SPY":0.9,"DOG":0.9,"DDM":0.9,".SPX":0.9,"SQQQ":0.9,"SSO":0.9,"UVXY":0.9,"QLD":0.9,"SPXU":0.9,"UPRO":0.9,"IVV":0.9,".DJI":0.9,"QQQ":0.9,"SH":0.9,".IXIC":0.9,"SDS":0.9,"OEX":0.9}},"isVote":1,"tweetType":1,"viewCount":4547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196351528,"gmtCreate":1621029881264,"gmtModify":1704352073045,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/VOO\">$Vanguard S&amp;P 500 ETF(VOO)$</a>????","listText":"<a href=\"https://laohu8.com/S/VOO\">$Vanguard S&amp;P 500 ETF(VOO)$</a>????","text":"$Vanguard S&P 500 ETF(VOO)$????","images":[{"img":"https://static.tigerbbs.com/30c5ac401beb271df4f8be2b542614d6","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/196351528","isVote":1,"tweetType":1,"viewCount":4519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":198347874,"gmtCreate":1620940529298,"gmtModify":1704350710230,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"omg??‍♂️","listText":"omg??‍♂️","text":"omg??‍♂️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198347874","repostId":"1124198478","repostType":4,"repost":{"id":"1124198478","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620917329,"share":"https://ttm.financial/m/news/1124198478?lang=en_US&edition=fundamental","pubTime":"2021-05-13 22:48","market":"us","language":"zh","title":"Ali dropped nearly 5% intraday, dropping shares to lowest since July last year","url":"https://stock-news.laohu8.com/highlight/detail?id=1124198478","media":"老虎资讯综合","summary":"周四，阿里巴巴盘中跌近5%，股价低见209.50美元，较去年10月创下的峰值下跌了30％以上，目前股价为去年7月份以来最低。消息面上，阿里巴巴今日公布了2021财年四季度及全年财报。公司四季度经营亏损","content":"<p>On Thursday,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell nearly 5% in the session, sending shares as low as $209.50, down more than 30% from the peak set in October last year, and now trading at the lowest price since July last year.</p><p><img src=\"https://static.tigerbbs.com/b300acd6dc2868d9f4b9814b67022715\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>On the news, Alibaba today announced its fourth quarter and full-year financial report of fiscal year 2021. The company's operating loss in the fourth quarter was 7.663 billion, the first quarterly loss since Ali's listing. The company said the losses were mainly affected by fines from antitrust investigations. Excluding this one-off impact, the Company's operating profit was RMB10.565 billion, representing a year-on-year increase of 48%.</p><p><b>Click to view:</b><a href=\"https://laohu8.com/NW/1195138527\" target=\"_blank\"><b>Alibaba Group Fourth Quarter and Full Year Report for Fiscal Year 2021</b></a></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>Ali dropped nearly 5% intraday, dropping shares to lowest since July last year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAli dropped nearly 5% intraday, dropping shares to lowest since July last year\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-13 22:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Thursday,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell nearly 5% in the session, sending shares as low as $209.50, down more than 30% from the peak set in October last year, and now trading at the lowest price since July last year.</p><p><img src=\"https://static.tigerbbs.com/b300acd6dc2868d9f4b9814b67022715\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>On the news, Alibaba today announced its fourth quarter and full-year financial report of fiscal year 2021. The company's operating loss in the fourth quarter was 7.663 billion, the first quarterly loss since Ali's listing. The company said the losses were mainly affected by fines from antitrust investigations. Excluding this one-off impact, the Company's operating profit was RMB10.565 billion, representing a year-on-year increase of 48%.</p><p><b>Click to view:</b><a href=\"https://laohu8.com/NW/1195138527\" target=\"_blank\"><b>Alibaba Group Fourth Quarter and Full Year Report for Fiscal Year 2021</b></a></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ca2161e8ddb469de4171b1fb09459c6b","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124198478","content_text":"周四，阿里巴巴盘中跌近5%，股价低见209.50美元，较去年10月创下的峰值下跌了30％以上，目前股价为去年7月份以来最低。消息面上，阿里巴巴今日公布了2021财年四季度及全年财报。公司四季度经营亏损76.63亿，为阿里上市以来的首次季度亏损。公司称亏损主要受反垄断调查的罚款影响。剔除该一次性影响，公司的经营利润为人民币105.65亿元，同比增长48%。点击查看：阿里巴巴集团2021财年四季度及全年业绩报告","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":3042,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193700638,"gmtCreate":1620815650124,"gmtModify":1704348815700,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193700638","repostId":"1123721888","repostType":4,"repost":{"id":"1123721888","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620812439,"share":"https://ttm.financial/m/news/1123721888?lang=en_US&edition=fundamental","pubTime":"2021-05-12 17:40","market":"us","language":"zh","title":"Tiger Brokers was included in the MSCI China All-Stock Index!","url":"https://stock-news.laohu8.com/highlight/detail?id=1123721888","media":"老虎资讯综合","summary":"此次被纳入MSCI意味着国际资本市场对老虎证券的认可和信心！","content":"<p>On May 11th, MSCI, an international index compilation company, announced the quarterly adjustment results of the May index, among which,<a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a>It is included in the MSCI China All Shares Index, which will take effect after the close of market on May 27.</p><p>Wu Tianhua, founder and CEO of Tiger Brokers, said: \"The inclusion of Tiger Brokers in the MSCI China All-Stock Index represents the recognition and confidence of the international market in our long-term investment value and development prospects. The mission of Tiger Brokers is that technology makes investment better. Through continuous technology iteration, we are committed to providing investors with a more efficient, convenient and smooth one-stop global investment experience. As Tiger enters Singapore, the United States and other countries and regions, we look forward to serving more global users. \"<img src=\"https://static.tigerbbs.com/6cac618ec6413c15fd5aad09ee702621\" tg-width=\"405\" tg-height=\"720\" referrerpolicy=\"no-referrer\">MSCI (MSCI) is the most important index company in the world at present, compiling hundreds of indices of various markets around the world, and is tracked by a large number of international institutions and investors as an investment benchmark. Since the release of the first index in 1969, MSCI has mainly provided products and services such as index, risk portfolio and performance analysis tools, and corporate governance tools according to different countries and regions, market size, industries and investment methods. About $10 trillion of global assets are benchmarked against the MSCI index, and 97 of the world's top 100 largest asset managers are MSCI clients. Pensions for 95% of invested interests in the United States are benchmarked against MSCI.</p><p>The MSCI China All Shares Index, compiled by MSCI, is the most important component of the MSCI Emerging Markets Index. According to the adjustment method of MSCI index, companies that can be included in its index system generally have to meet a series of requirements such as total market value, free-float market value, liquidity and trading time.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8f2f148520e460cb20ee263c4b5fd2f\" tg-width=\"830\" tg-height=\"536\" referrerpolicy=\"no-referrer\"><span>MSCI Official Website</span></p><p>MSCI China All Shares Index Historical Performance:</p><p><img src=\"https://static.tigerbbs.com/6c5df675372dbd49e16da8a583e0f650\" tg-width=\"830\" tg-height=\"426\" referrerpolicy=\"no-referrer\">According to the quarterly adjustment results released by MSCI, the MSCI China All-Stock Index added 60 new stocks and excluded 26 stocks this time. So, what does being on the list mean for Tiger?</p><p>It means the recognition and confidence of the international capital market in Tiger Brokers, which will help to further expand the influence of the company in the international capital market and enhance the internationalization level of the company's shareholders.</p><p>According to MSCI's estimate, trillions of dollars of funds around the world track emerging market indexes, including both active funds and passive funds. Passive funds take MSCI China All-Stock Index as their investment target. When stocks are included in the index, passive investors will allocate these new constituent stocks in proportion.</p><p>Details:</p><p><a href=\"https://www.msci.com/eqb/gimi/stdindex/MSCI_May21_ChinaAllShares_PublicList.pdf\" target=\"_blank\">Adjustment of MSCI China Index Constituent Stocks</a></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>Tiger Brokers was included in the MSCI China All-Stock Index!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Brokers was included in the MSCI China All-Stock Index!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-12 17:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On May 11th, MSCI, an international index compilation company, announced the quarterly adjustment results of the May index, among which,<a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a>It is included in the MSCI China All Shares Index, which will take effect after the close of market on May 27.</p><p>Wu Tianhua, founder and CEO of Tiger Brokers, said: \"The inclusion of Tiger Brokers in the MSCI China All-Stock Index represents the recognition and confidence of the international market in our long-term investment value and development prospects. The mission of Tiger Brokers is that technology makes investment better. Through continuous technology iteration, we are committed to providing investors with a more efficient, convenient and smooth one-stop global investment experience. As Tiger enters Singapore, the United States and other countries and regions, we look forward to serving more global users. \"<img src=\"https://static.tigerbbs.com/6cac618ec6413c15fd5aad09ee702621\" tg-width=\"405\" tg-height=\"720\" referrerpolicy=\"no-referrer\">MSCI (MSCI) is the most important index company in the world at present, compiling hundreds of indices of various markets around the world, and is tracked by a large number of international institutions and investors as an investment benchmark. Since the release of the first index in 1969, MSCI has mainly provided products and services such as index, risk portfolio and performance analysis tools, and corporate governance tools according to different countries and regions, market size, industries and investment methods. About $10 trillion of global assets are benchmarked against the MSCI index, and 97 of the world's top 100 largest asset managers are MSCI clients. Pensions for 95% of invested interests in the United States are benchmarked against MSCI.</p><p>The MSCI China All Shares Index, compiled by MSCI, is the most important component of the MSCI Emerging Markets Index. According to the adjustment method of MSCI index, companies that can be included in its index system generally have to meet a series of requirements such as total market value, free-float market value, liquidity and trading time.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8f2f148520e460cb20ee263c4b5fd2f\" tg-width=\"830\" tg-height=\"536\" referrerpolicy=\"no-referrer\"><span>MSCI Official Website</span></p><p>MSCI China All Shares Index Historical Performance:</p><p><img src=\"https://static.tigerbbs.com/6c5df675372dbd49e16da8a583e0f650\" tg-width=\"830\" tg-height=\"426\" referrerpolicy=\"no-referrer\">According to the quarterly adjustment results released by MSCI, the MSCI China All-Stock Index added 60 new stocks and excluded 26 stocks this time. So, what does being on the list mean for Tiger?</p><p>It means the recognition and confidence of the international capital market in Tiger Brokers, which will help to further expand the influence of the company in the international capital market and enhance the internationalization level of the company's shareholders.</p><p>According to MSCI's estimate, trillions of dollars of funds around the world track emerging market indexes, including both active funds and passive funds. Passive funds take MSCI China All-Stock Index as their investment target. When stocks are included in the index, passive investors will allocate these new constituent stocks in proportion.</p><p>Details:</p><p><a href=\"https://www.msci.com/eqb/gimi/stdindex/MSCI_May21_ChinaAllShares_PublicList.pdf\" target=\"_blank\">Adjustment of MSCI China Index Constituent Stocks</a></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9e4b807dafecc161ebbd0d3c42055f20","relate_stocks":{"TIGR":"老虎证券"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123721888","content_text":"5月11日消息，国际指数编制公司MSCI公布5月指数季度调整结果，其中，老虎证券获纳入MSCI中国全股票指数（MSCI China All Shares Index），将于5月27日收盘后生效。老虎证券创始人及CEO巫天华表示：“老虎证券获纳入MSCI中国全股票指数代表国际市场对我们长期投资价值和发展前景的认可和信心。老虎证券的使命是科技让投资更美好。通过不断技术迭代，我们致力于为投资者提供更高效、便捷、流畅的一站式全球投资体验。随着老虎进入新加坡，美国等国家和地区，我们期待服务更多全球用户。”MSCI（明晟）是目前全球最重要的指数公司，编制数百种全球各个市场的指数，被大量国际机构，投资者作为投资基准并跟踪。从 1969年发布第一只指数至今，MSCI按照国家和区域、市场规模大小、行业及投资方式的不同，主要提供指数、风险组合和业绩分析工具以及公司治理工具等产品和服务。全球约10万亿美元的资产以MSCI指数为基准，全球前100个最大资产管理者中，97个都是MSCI的客户。美国95%的投资权益的养老金以MSCI为基准。MSCI中国全股票指数(MSCI China All Shares Index)由摩根士丹利资本国际(MSCI)编制，是 MSCI新兴市场指数中最重要的组成部分。根据 MSCI指数的调整方法，能被纳入到其指数体系的公司一般要满足总市值、自由流通市值、流动性和交易时间等一系列要求。MSCI官网明晟中国全股票指数(MSCI China All Shares Index)历史表现：根据MSCI发布的季度调整结果， MSCI中国全股票指数本次新增60只个股，剔除26只股票。那么，上榜对于老虎意味着什么呢？意味着国际资本市场对老虎证券的认可和信心，有助于进一步扩大公司国际资本市场影响力、提升公司股东国际化水平。据 MSCI估算，全球数以万亿美元的资金跟踪新兴市场指数，其中既包含了主动型资金，又包含了被动型基金，被动型资金以明晟中国全股票指数作为投资标的。当股票被纳入指数后，被动型投资者会按比例配置新增这些成份股。详情查看：MSCI中国指数成分股调整说明","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":3472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107703362,"gmtCreate":1620534780856,"gmtModify":1704344727141,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/O\">$Realty Income Corp(O)$</a>???","listText":"<a href=\"https://laohu8.com/S/O\">$Realty Income Corp(O)$</a>???","text":"$Realty Income 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href=\"https://laohu8.com/S/O\">$Realty Income Corp(O)$</a>??","listText":"<a href=\"https://laohu8.com/S/O\">$Realty Income Corp(O)$</a>??","text":"$Realty Income Corp(O)$??","images":[{"img":"https://static.tigerbbs.com/4c1c74ebd41f9aa1e3bd632776e5351f","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/101513785","isVote":1,"tweetType":1,"viewCount":4366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":100709511,"gmtCreate":1619647798833,"gmtModify":1704727198837,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/O\">$Realty Income Corp(O)$</a>????","listText":"<a href=\"https://laohu8.com/S/O\">$Realty Income Corp(O)$</a>????","text":"$Realty Income Corp(O)$????","images":[{"img":"https://static.tigerbbs.com/9045f37a6299dedf9992a1ce4b741abe","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/100709511","isVote":1,"tweetType":1,"viewCount":3724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":377456128,"gmtCreate":1619561516664,"gmtModify":1704725799670,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/O\">$Realty Income Corp(O)$</a>????","listText":"<a href=\"https://laohu8.com/S/O\">$Realty Income Corp(O)$</a>????","text":"$Realty Income Corp(O)$????","images":[{"img":"https://static.tigerbbs.com/5afd21fae3a575cd0650c42c379027ec","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377456128","isVote":1,"tweetType":1,"viewCount":4103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":372672978,"gmtCreate":1619215918394,"gmtModify":1704721304165,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"??‍♂️??‍♂️","listText":"??‍♂️??‍♂️","text":"??‍♂️??‍♂️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372672978","repostId":"2129350241","repostType":4,"repost":{"id":"2129350241","kind":"news","pubTimestamp":1619190546,"share":"https://ttm.financial/m/news/2129350241?lang=en_US&edition=fundamental","pubTime":"2021-04-23 23:09","market":"us","language":"zh","title":"Will Biden raise taxes on the wealthy end the US stock bull market?","url":"https://stock-news.laohu8.com/highlight/detail?id=2129350241","media":"金融界","summary":"昨晚，美股再一次给拜登加税这头灰犀牛撞了一下腰，三大股指盘中集体快速跳水，最终收跌近1%。\n美股的跌幅看似不大，但弥漫在整个华尔街上空的担忧情绪越积越浓厚，并蔓延到了其他资产价格。\n美国十年期国债收益","content":"<p>Last night, the US stock market once again hit the gray rhino of Biden's tax increase. The three major stock indexes collectively dived rapidly in the session, and finally closed down nearly 1%.</p><p>The decline in U.S. stocks seemed modest, but the worry that permeated the entire Wall Street was building up and spreading to other asset prices.</p><p>The U.S. 10-year Treasury Bond yield also fell to 1.54% from its intraday high, and the 30-year U.S. bond yield also hit its lowest point since March.</p><p>Cryptocurrency has suffered a bleak decline. Bitcoin plummeted in response, even falling below the low point of last week's plunge. Bitcoin fell below the $49,000 mark, with a drop of more than 12% today. The data shows that tens of billions of yuan have been exploded.</p><p>Although the domestic Hong Kong A-stock market is booming, the scenery is unique, which is gratifying. However, as the center of gravity of global financial assets, the United States can't be too cautious about the current new situation in the United States.</p><p>When Trump campaigned against Biden, Trump directly said that if Biden entered the White House, it would bring \"the largest (magnitude) tax increase in history\" to the United States. Today, it seems that Trump is not talking nonsense. However, he also made it clear that \"by then you will see a Great Depression that you have never seen before, and you will have to go back to 1929. It can't be worse than that.\"</p><p>Will Trump's predictions come true?</p><p><h3>1</h3><h3>The largest levy in U.S. history</h3>Large-scale economic stimulus plans and large-scale tax hikes are all promises made explicitly by Biden during the campaign, and whether they can be implemented in the future or not, he is indeed \"handing over homework\" to the cows he bragged about before.</p><p>Raising taxes on the wealthy is only part of the plan. Combined with the information released one after another last month, the Biden administration's tax increase plan probably has several aspects:</p><p>1. Increase the federal corporate income tax from 21% to 28%;</p><p>2. Impose a minimum tax rate of 15% on companies with annual revenues exceeding $2 billion;</p><p>3. The income tax rate of the rich with an annual income of over $400,000 will be restored to 39.6%, and the 20% pre-tax deduction will be cancelled, and the upper limit of the deduction will be set at no more than 28%, plus the existing investment income surtax, which means that the tax rate may be as high as 43.4%, and the capital gains tax rate in high-tax states may even exceed 50%;</p><p>4. Increase the minimum tax rate of multinational corporations, the minimum tax rate of enterprises with global book revenue exceeding US$1 million to 15%, and the tax rate of overseas branches in the United States from 10.5% to 21%;</p><p>5. Increase capital gains tax on the rich. For example, if you sell cryptocurrency after holding it for more than one year, you will face the risk of capital gains tax;</p><p>6. Social security for high-income people is levied at 12.4%.</p><p>If all the above plans can be achieved, it will be the largest federal tax increase since 1942.</p><p>The purpose of these tax increases is naturally to fill a small number of trillions of economic stimulus plans signed by himself since taking office, as well as various pits left by the Trump era, and try to save the fiscal deficit that the United States is currently flying fast and uncontrollable.</p><p>With the $1.9 trillion epidemic relief stimulus package and the $2.25 trillion infrastructure and employment support package passed by Biden since he took office, plus the two special budgets of $2 trillion and $880 billion passed by Congress last year, the water released by the United States has long exceeded 5 trillion, which is equivalent to using more than 25% of the U.S. GDP to stimulate the economy.</p><p>At present, the balance of federal debt in the United States has barely reached $30 trillion, more than 130 percent of its GDP.</p><p>It can be said that the current economic boom in the United States is actually supported more by the continuous release of the amount of liquidity. In addition to the trillions of economic stimulus plans, it also includes stimulating the demand side through direct payment, and then the consequence of this strong drug is the rapid rise of the fiscal deficit.</p><p>But even so, the current economic situation in the United States remains problematic.</p><p>In American history, such a large-scale taxation of corporations and the wealthy was not the Great Depression of 1929 (the 31st President Hoover era), as Trump called it, but the beginning of the new President Franklin Roosevelt's \"New Deal\" after the Great Depression. So Trump is ambiguous and carries private goods.</p><p>In fact, Trump is more like the lavish President Hoover than Biden.</p><p>When Franklin Roosevelt took office at a critical moment, he had to impose hefty taxes in the face of the debt situation left by his predecessor, Hoover. Its top federal corporate tax rate was raised from 63% to 94% during its tenure, and has maintained it for a long time thereafter.</p><p>It is difficult for us to give a fair evaluation of the effect of Roosevelt's New Deal. Although it alleviated the fiscal deficit problem of the United States to a certain extent, it also caused strong opposition and confrontation from the business circles at that time. In the end, in the actual implementation, the effect of taxing the rich is not too obvious.</p><p>At the same time, Roosevelt's New Deal also created a new mode of state interference in economic development. Capitalism declared farewell to the era of laissez-faire policy, and ushered in the Keynesian era with government interference in economic behavior.</p><p><h3>2</h3><h3>Does raising taxes on the rich really work?</h3>In the magical year of 2020 last year, or until now, the United States lived by paying money under the impact of the severe epidemic, but the capital market in the United States was extremely prosperous, resulting in an increase in the wealth of the top 1% of rich people in the United States, with an overall increase of more than $1 trillion in wealth.</p><p>For example, the richest man in the world<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Founder Bezos's wealth soared by nearly 80%,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Musk's wealth has increased by more than 7 times and so on.</p><p>So, Biden's incentive to tax the wealthy is arguably great.</p><p>According to the calculation of Biden's tax increase plan, if the above tax increase policy can be effectively implemented, it will bring a total revenue of 2.1 trillion US dollars to the US finance, which can basically cover the cost of 2.25 trillion infrastructure plans.</p><p>But just because the abacus is loud, it doesn't mean that you can collect money.</p><p>The lessons of previous American presidents have proved that in capitalist countries, raising taxes on capitalists who control the right to speak is simply seeking skin from a tiger. Not only is it difficult, but it may even be life-threatening.</p><p>Although taxing the wealthy has won the approval of ordinary Americans amid the intensifying conflict between the rich and the poor, there is still much uncertainty about whether Biden's proposal to be released next week will pass.</p><p>First, the current policy of raising taxes is highly controversial within the United States. As a bitter enemy, any form of tax increase by the Democratic Biden administration is unlikely to get the support of the Republican Party, especially the current tax increase policy of the Democratic Party is obviously opposite to the direction of the Trump administration this time. Agreeing with Biden is undoubtedly equivalent to slapping yourself in the face.</p><p>Not to mention that the process of finally passing the bill will be very long. At present, the bipartisan structure in the Senate is 50-50. If some Democratic lawmakers defect, the final tax increase plan will be suspended. Earlier, I heard that three lawmakers stated that they would not support any tax reform plan unless the current $10,000 tax relief ceiling was cancelled.</p><p>From the point of view that the tax increase is to subsidize the expenditure of infrastructure plans, there are still many uncertainties at the source. In this case, it is doubtful that the tax increase plan can be fully implemented.</p><p>On the other hand, even if the tax package is passed, the final effect may not be as good as imagined.</p><p>In the United States, taxing high-income groups has always been very difficult, because these rich people are surrounded by a group of extremely professional accountants who can help them avoid most taxes through various legal loopholes.</p><p>Those who set up companies can increase their costs at home to offset them, or adjust their income structure to seek lower tax rates, or even move their domicile to overseas tax havens.</p><p>This is why the United States has recently tried to coax the G20 countries to set a global consensus minimum tax rate to specifically crack down on the practice of American companies diverting profits through tax havens to retain tax sources.</p><p>But the accountants of the wealthy in America still have plenty of ways to evade taxes.</p><p>Buffett once wrote an article \"Stop Pampering the Super Rich\" that profoundly reflected the \"inequality\" in taxation in the United States. Although he makes hundreds of millions of money every year, through reasonable avoidance, his actual tax rate is only about half that of his company's employees, and even the cleaners in his office are higher than him.</p><p>In tax avoidance, Trump is the king:</p><p>Most of the Trump family's expenses go to the company's accounts, as well as luxury assets such as mansions, planes and resort estates that were originally private expenses, all of which are listed on the company's accounts.</p><p>So the information Trump provided to the tax office is that most of his assets are in losses, and these losses have helped him exempt at least $600 million in taxes.</p><p>Although Trump's personal wealth was as high as $4 billion during his tenure, he didn't pay a penny to the tax office in 10 of the 15 years before 2016, and only paid $750 in personal tax after being subjected to stricter supervision in the few years he took office.</p><p>What's even more exaggerated is that because of the \"loss\" of his assets, Trump also got a tax refund subsidy of $72.9 million in 2010, got back all the taxes paid for several years, and earned a lot of interest.</p><p>So we can see that there is a very obvious trend in the United States, with higher and higher debt, and lower and lower taxes for the rich and high-income people.</p><p>So now that the Biden administration really wants to tax corporations and the wealthy, it's hard to say how much revenue it can collect.</p><p>In fact, in the end, the most affected tax increase will not be the rich class or the barefoot bottom class, but will target some small and medium-sized enterprises and middle-class families with an annual income of more than $400,000.</p><p>In fact, the actual burden of the middle class in the United States is already very heavy. Monthly expensive expenses such as pension, personal tax, medical insurance, education, transportation, etc. make it almost impossible for them to save money. This is why the United States is an advanced consumption country. In fact, it is not that they don't want to save money.</p><p>It can be seen that under the background of a large amount of water release, the income growth rate of the middle class is not as fast as the water release rate, and the purchasing power of commodities continues to rise. Now, with a large tax added, the situation is bound to be even worse.</p><p>At present, what Biden can do is to continue to send cash to maintain consumer demand, and then continue to release water to stimulate the economy and employment. After all, the current mess is too big.</p><p>In fact, Biden probably knows that raising taxes on the rich under the existing system is actually difficult to be effective, but at least he has to make the appearance first, which will make some achievements.</p><p>As for whether it is necessary to add other policies to make this tax increase policy land later, it will be waited and seen.</p><p><h3>3</h3><h3>Can the boom in U.S. stocks continue?</h3>It is an easy problem to slap in the face, but it is necessary to analyze it.</p><p>We can see that as soon as Biden's tax increase plan came out this time, U.S. stocks began to fall collectively, especially the technology stocks with the largest increase in recent years fell most obviously.</p><p>It shows that the market has reacted greatly to the policy of doubling capital gains tax, although there is still great uncertainty.</p><p>If true, the current capital gains tax in the United States is around 0-20%. If the profits tax increases substantially, the impact will indeed be great.</p><p>At present, this batch of technology stocks that have grown wildly in recent years are the biggest thrust for the continuous strength of US stocks. They are not only the favorite of countless rich Americans, but also the ballast stone of many top funds, and they are also the unanimous choice of countless leveraged retail investors in the United States, so no one wants these technologies to fall.</p><p>However, now the underlying logic of the prosperity of U.S. stocks is more the asset bubble caused by the huge amount of water release, rather than the valuation increase caused by the profit growth of strong economic enterprises (the current strong U.S. economic data is that post-epidemic repair can't be regarded as a long-term trend). Now, the market's expectation of tightening liquidity in the United States has risen. What can the future increase of these asset bubbles support?</p><p>A while ago, the continuous rise of the yield of 10-year Treasury bonds in the United States frightened the market several times, and the volatility of several major indexes of U.S. stocks, especially the Nasdaq index, increased obviously, which somewhat shows that the foundation of optimism in the market has loosened.</p><p>If the U.S. capital gains tax really increases significantly, will the holders of these technology stocks have a chain reaction because someone rushes to the ground without the doubt of determining the upside in the future?</p><p><h3>4</h3><h3>epilogue</h3>The so-called heavenly path is good for reincarnation, and history is always strikingly similar.</p><p>In the Coolidge and Hoover era, they successively adopted a large number of tax cuts and quantitative easing to stimulate the American economy to unprecedented prosperity. The hottest bubble burst led to the Great Depression in 1929. Then Roosevelt came out to clean up the mess, trying to revive the economy by borrowing money for infrastructure and raising taxes on the wealthy, which intensified actual internal conflicts.</p><p>It is difficult to imagine the outcome of Roosevelt's New Deal if it were not for the demand stimulus of World War II during his tenure that brought the American economy back to prosperity.</p><p>Since the subprime mortgage crisis, Obama and Trump have taken roughly similar paths to those of Coolidge and Hoover in those days. They have also rapidly accumulated unprecedented debt and asset bubbles, and then Biden is following the same routine as Roosevelt. Although the United States as a whole still looks good at present, the current accumulation risk cannot be underestimated.</p><p>From a longer-term perspective, if the infrastructure plan of the United States is effectively implemented, it will inevitably revitalize the real economy of the United States, but after all, it is still a long way to achieve results.</p><p>Before this, will there be a wave of releasing risks in U.S. stocks?</p>","source":"jinrongjie_stock","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>Will Biden raise taxes on the wealthy end the US stock bull market?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Biden raise taxes on the wealthy end the US stock bull market?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金融界</strong><span class=\"h-time small\">2021-04-23 23:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last night, the US stock market once again hit the gray rhino of Biden's tax increase. The three major stock indexes collectively dived rapidly in the session, and finally closed down nearly 1%.</p><p>The decline in U.S. stocks seemed modest, but the worry that permeated the entire Wall Street was building up and spreading to other asset prices.</p><p>The U.S. 10-year Treasury Bond yield also fell to 1.54% from its intraday high, and the 30-year U.S. bond yield also hit its lowest point since March.</p><p>Cryptocurrency has suffered a bleak decline. Bitcoin plummeted in response, even falling below the low point of last week's plunge. Bitcoin fell below the $49,000 mark, with a drop of more than 12% today. The data shows that tens of billions of yuan have been exploded.</p><p>Although the domestic Hong Kong A-stock market is booming, the scenery is unique, which is gratifying. However, as the center of gravity of global financial assets, the United States can't be too cautious about the current new situation in the United States.</p><p>When Trump campaigned against Biden, Trump directly said that if Biden entered the White House, it would bring \"the largest (magnitude) tax increase in history\" to the United States. Today, it seems that Trump is not talking nonsense. However, he also made it clear that \"by then you will see a Great Depression that you have never seen before, and you will have to go back to 1929. It can't be worse than that.\"</p><p>Will Trump's predictions come true?</p><p><h3>1</h3><h3>The largest levy in U.S. history</h3>Large-scale economic stimulus plans and large-scale tax hikes are all promises made explicitly by Biden during the campaign, and whether they can be implemented in the future or not, he is indeed \"handing over homework\" to the cows he bragged about before.</p><p>Raising taxes on the wealthy is only part of the plan. Combined with the information released one after another last month, the Biden administration's tax increase plan probably has several aspects:</p><p>1. Increase the federal corporate income tax from 21% to 28%;</p><p>2. Impose a minimum tax rate of 15% on companies with annual revenues exceeding $2 billion;</p><p>3. The income tax rate of the rich with an annual income of over $400,000 will be restored to 39.6%, and the 20% pre-tax deduction will be cancelled, and the upper limit of the deduction will be set at no more than 28%, plus the existing investment income surtax, which means that the tax rate may be as high as 43.4%, and the capital gains tax rate in high-tax states may even exceed 50%;</p><p>4. Increase the minimum tax rate of multinational corporations, the minimum tax rate of enterprises with global book revenue exceeding US$1 million to 15%, and the tax rate of overseas branches in the United States from 10.5% to 21%;</p><p>5. Increase capital gains tax on the rich. For example, if you sell cryptocurrency after holding it for more than one year, you will face the risk of capital gains tax;</p><p>6. Social security for high-income people is levied at 12.4%.</p><p>If all the above plans can be achieved, it will be the largest federal tax increase since 1942.</p><p>The purpose of these tax increases is naturally to fill a small number of trillions of economic stimulus plans signed by himself since taking office, as well as various pits left by the Trump era, and try to save the fiscal deficit that the United States is currently flying fast and uncontrollable.</p><p>With the $1.9 trillion epidemic relief stimulus package and the $2.25 trillion infrastructure and employment support package passed by Biden since he took office, plus the two special budgets of $2 trillion and $880 billion passed by Congress last year, the water released by the United States has long exceeded 5 trillion, which is equivalent to using more than 25% of the U.S. GDP to stimulate the economy.</p><p>At present, the balance of federal debt in the United States has barely reached $30 trillion, more than 130 percent of its GDP.</p><p>It can be said that the current economic boom in the United States is actually supported more by the continuous release of the amount of liquidity. In addition to the trillions of economic stimulus plans, it also includes stimulating the demand side through direct payment, and then the consequence of this strong drug is the rapid rise of the fiscal deficit.</p><p>But even so, the current economic situation in the United States remains problematic.</p><p>In American history, such a large-scale taxation of corporations and the wealthy was not the Great Depression of 1929 (the 31st President Hoover era), as Trump called it, but the beginning of the new President Franklin Roosevelt's \"New Deal\" after the Great Depression. So Trump is ambiguous and carries private goods.</p><p>In fact, Trump is more like the lavish President Hoover than Biden.</p><p>When Franklin Roosevelt took office at a critical moment, he had to impose hefty taxes in the face of the debt situation left by his predecessor, Hoover. Its top federal corporate tax rate was raised from 63% to 94% during its tenure, and has maintained it for a long time thereafter.</p><p>It is difficult for us to give a fair evaluation of the effect of Roosevelt's New Deal. Although it alleviated the fiscal deficit problem of the United States to a certain extent, it also caused strong opposition and confrontation from the business circles at that time. In the end, in the actual implementation, the effect of taxing the rich is not too obvious.</p><p>At the same time, Roosevelt's New Deal also created a new mode of state interference in economic development. Capitalism declared farewell to the era of laissez-faire policy, and ushered in the Keynesian era with government interference in economic behavior.</p><p><h3>2</h3><h3>Does raising taxes on the rich really work?</h3>In the magical year of 2020 last year, or until now, the United States lived by paying money under the impact of the severe epidemic, but the capital market in the United States was extremely prosperous, resulting in an increase in the wealth of the top 1% of rich people in the United States, with an overall increase of more than $1 trillion in wealth.</p><p>For example, the richest man in the world<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Founder Bezos's wealth soared by nearly 80%,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Musk's wealth has increased by more than 7 times and so on.</p><p>So, Biden's incentive to tax the wealthy is arguably great.</p><p>According to the calculation of Biden's tax increase plan, if the above tax increase policy can be effectively implemented, it will bring a total revenue of 2.1 trillion US dollars to the US finance, which can basically cover the cost of 2.25 trillion infrastructure plans.</p><p>But just because the abacus is loud, it doesn't mean that you can collect money.</p><p>The lessons of previous American presidents have proved that in capitalist countries, raising taxes on capitalists who control the right to speak is simply seeking skin from a tiger. Not only is it difficult, but it may even be life-threatening.</p><p>Although taxing the wealthy has won the approval of ordinary Americans amid the intensifying conflict between the rich and the poor, there is still much uncertainty about whether Biden's proposal to be released next week will pass.</p><p>First, the current policy of raising taxes is highly controversial within the United States. As a bitter enemy, any form of tax increase by the Democratic Biden administration is unlikely to get the support of the Republican Party, especially the current tax increase policy of the Democratic Party is obviously opposite to the direction of the Trump administration this time. Agreeing with Biden is undoubtedly equivalent to slapping yourself in the face.</p><p>Not to mention that the process of finally passing the bill will be very long. At present, the bipartisan structure in the Senate is 50-50. If some Democratic lawmakers defect, the final tax increase plan will be suspended. Earlier, I heard that three lawmakers stated that they would not support any tax reform plan unless the current $10,000 tax relief ceiling was cancelled.</p><p>From the point of view that the tax increase is to subsidize the expenditure of infrastructure plans, there are still many uncertainties at the source. In this case, it is doubtful that the tax increase plan can be fully implemented.</p><p>On the other hand, even if the tax package is passed, the final effect may not be as good as imagined.</p><p>In the United States, taxing high-income groups has always been very difficult, because these rich people are surrounded by a group of extremely professional accountants who can help them avoid most taxes through various legal loopholes.</p><p>Those who set up companies can increase their costs at home to offset them, or adjust their income structure to seek lower tax rates, or even move their domicile to overseas tax havens.</p><p>This is why the United States has recently tried to coax the G20 countries to set a global consensus minimum tax rate to specifically crack down on the practice of American companies diverting profits through tax havens to retain tax sources.</p><p>But the accountants of the wealthy in America still have plenty of ways to evade taxes.</p><p>Buffett once wrote an article \"Stop Pampering the Super Rich\" that profoundly reflected the \"inequality\" in taxation in the United States. Although he makes hundreds of millions of money every year, through reasonable avoidance, his actual tax rate is only about half that of his company's employees, and even the cleaners in his office are higher than him.</p><p>In tax avoidance, Trump is the king:</p><p>Most of the Trump family's expenses go to the company's accounts, as well as luxury assets such as mansions, planes and resort estates that were originally private expenses, all of which are listed on the company's accounts.</p><p>So the information Trump provided to the tax office is that most of his assets are in losses, and these losses have helped him exempt at least $600 million in taxes.</p><p>Although Trump's personal wealth was as high as $4 billion during his tenure, he didn't pay a penny to the tax office in 10 of the 15 years before 2016, and only paid $750 in personal tax after being subjected to stricter supervision in the few years he took office.</p><p>What's even more exaggerated is that because of the \"loss\" of his assets, Trump also got a tax refund subsidy of $72.9 million in 2010, got back all the taxes paid for several years, and earned a lot of interest.</p><p>So we can see that there is a very obvious trend in the United States, with higher and higher debt, and lower and lower taxes for the rich and high-income people.</p><p>So now that the Biden administration really wants to tax corporations and the wealthy, it's hard to say how much revenue it can collect.</p><p>In fact, in the end, the most affected tax increase will not be the rich class or the barefoot bottom class, but will target some small and medium-sized enterprises and middle-class families with an annual income of more than $400,000.</p><p>In fact, the actual burden of the middle class in the United States is already very heavy. Monthly expensive expenses such as pension, personal tax, medical insurance, education, transportation, etc. make it almost impossible for them to save money. This is why the United States is an advanced consumption country. In fact, it is not that they don't want to save money.</p><p>It can be seen that under the background of a large amount of water release, the income growth rate of the middle class is not as fast as the water release rate, and the purchasing power of commodities continues to rise. Now, with a large tax added, the situation is bound to be even worse.</p><p>At present, what Biden can do is to continue to send cash to maintain consumer demand, and then continue to release water to stimulate the economy and employment. After all, the current mess is too big.</p><p>In fact, Biden probably knows that raising taxes on the rich under the existing system is actually difficult to be effective, but at least he has to make the appearance first, which will make some achievements.</p><p>As for whether it is necessary to add other policies to make this tax increase policy land later, it will be waited and seen.</p><p><h3>3</h3><h3>Can the boom in U.S. stocks continue?</h3>It is an easy problem to slap in the face, but it is necessary to analyze it.</p><p>We can see that as soon as Biden's tax increase plan came out this time, U.S. stocks began to fall collectively, especially the technology stocks with the largest increase in recent years fell most obviously.</p><p>It shows that the market has reacted greatly to the policy of doubling capital gains tax, although there is still great uncertainty.</p><p>If true, the current capital gains tax in the United States is around 0-20%. If the profits tax increases substantially, the impact will indeed be great.</p><p>At present, this batch of technology stocks that have grown wildly in recent years are the biggest thrust for the continuous strength of US stocks. They are not only the favorite of countless rich Americans, but also the ballast stone of many top funds, and they are also the unanimous choice of countless leveraged retail investors in the United States, so no one wants these technologies to fall.</p><p>However, now the underlying logic of the prosperity of U.S. stocks is more the asset bubble caused by the huge amount of water release, rather than the valuation increase caused by the profit growth of strong economic enterprises (the current strong U.S. economic data is that post-epidemic repair can't be regarded as a long-term trend). Now, the market's expectation of tightening liquidity in the United States has risen. What can the future increase of these asset bubbles support?</p><p>A while ago, the continuous rise of the yield of 10-year Treasury bonds in the United States frightened the market several times, and the volatility of several major indexes of U.S. stocks, especially the Nasdaq index, increased obviously, which somewhat shows that the foundation of optimism in the market has loosened.</p><p>If the U.S. capital gains tax really increases significantly, will the holders of these technology stocks have a chain reaction because someone rushes to the ground without the doubt of determining the upside in the future?</p><p><h3>4</h3><h3>epilogue</h3>The so-called heavenly path is good for reincarnation, and history is always strikingly similar.</p><p>In the Coolidge and Hoover era, they successively adopted a large number of tax cuts and quantitative easing to stimulate the American economy to unprecedented prosperity. The hottest bubble burst led to the Great Depression in 1929. Then Roosevelt came out to clean up the mess, trying to revive the economy by borrowing money for infrastructure and raising taxes on the wealthy, which intensified actual internal conflicts.</p><p>It is difficult to imagine the outcome of Roosevelt's New Deal if it were not for the demand stimulus of World War II during his tenure that brought the American economy back to prosperity.</p><p>Since the subprime mortgage crisis, Obama and Trump have taken roughly similar paths to those of Coolidge and Hoover in those days. They have also rapidly accumulated unprecedented debt and asset bubbles, and then Biden is following the same routine as Roosevelt. Although the United States as a whole still looks good at present, the current accumulation risk cannot be underestimated.</p><p>From a longer-term perspective, if the infrastructure plan of the United States is effectively implemented, it will inevitably revitalize the real economy of the United States, but after all, it is still a long way to achieve results.</p><p>Before this, will there be a wave of releasing risks in U.S. stocks?</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://hk.jrj.com.cn/2021/04/23221532432651.shtml\">金融界</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a06fb8b1db7037b689423e44b4d5b305","relate_stocks":{".DJI":"道琼斯"},"source_url":"http://hk.jrj.com.cn/2021/04/23221532432651.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129350241","content_text":"昨晚，美股再一次给拜登加税这头灰犀牛撞了一下腰，三大股指盘中集体快速跳水，最终收跌近1%。\n美股的跌幅看似不大，但弥漫在整个华尔街上空的担忧情绪越积越浓厚，并蔓延到了其他资产价格。\n美国十年期国债收益率亦从盘中高点跌至1.54%，30年期美债收益率也创下了3月以来最低点。\n加密货币更是跌幅惨淡，比特币应声暴跌，甚至跌破了上周暴跌的低点，比特币跌破49000美元关口，今日跌幅超12%，数据显示又爆仓了几百亿元。\n虽然国内的港A股市一片飘红风景独好，固然令人欣慰。但美国作为全球金融资产的重心，我们再如何谨慎留意美国当下的新形势都不为过。\n在当初特朗普与拜登竞选的时候，特朗普直接表示过，如果拜登入主白宫，将会为美国带来“历史上最大（幅度）增税”，今天看来特朗普没有瞎说。不过，他也明确表示，“到时你们将会看到一场你们从未见过的大萧条，你们不得不回到1929年，没有比那更糟糕的了。”\n特朗普的预言会成为现实吗？\n1\n美国史上最大的征税\n大规模的经济刺激计划和大规模加税都是拜登竞选时就明确许下的承诺，且不论将来能否落地，他确实是在向之前吹过的牛“交作业”。\n给富人加税只是计划中的一部分，结合上月来陆续公布的信息，拜登政府的加税方案大概有几个方面：\n1、把联邦企业所得税从21%提高到28%；\n2、向年收入超过20亿美元的公司征收15%的最低税率；\n3、年收入超40万美元富人所得税率恢复到39.6%，并取消20%的税前抵扣，并且设置抵扣上限为不超过28%，叠加上现有的投资收入附加税，这意味着税率可能高达43.4%，高税州的资本利得税率甚至可能会超过50%；\n4、提高跨国公司最低税率，全球账面营收超100万美元的企业最低税率提高至15%，美国海外分公司税率由10.5%提高到21%；\n5、增加富人的资本利得税。比如如果在持有加密货币一年以上之后出售的，将要面临资本利得税的风险；\n6、高收入人群社保按照12.4%征收。\n如果上面的计划都能实现个大概，那将会是1942年以来最大规模的联邦加税措施。\n这些加税的用途，自然是为了填补一小部分包括自己上任以来签署的数万亿经济刺激计划，以及特朗普时代留下的各种坑，尽量挽救一下美国目前放飞得快控制不住的财政赤字。\n拜登上任以来通过的1.9万亿美元疫情纾困刺激方案和2.25万亿美元的基础设施和就业支持计划，加上国会去年通过的2万亿与8800亿美元两笔特别预算，美国放的水早就超过5万亿，相当于动用美国GDP超25%来刺激经济。\n目前，美国联邦债务余额已差不达到了30万亿美元，超过其GDP的130%。\n可以说，美国当期的经济景气实际上更多是靠不断放出来的天量流动性支撑，除数万亿的经济刺激计划，还包括通过通过直接发钱的方式刺激需求端提振，然后这种猛药导致的后果是财政赤字的急速攀升。\n但即使是这样，美国目前的经济形势依然问题重重。\n在美国历史上，如此大规模的向企业和富人征税，其实不是特朗普所说的1929年时大萧条（第31任总统胡佛时代），而是大萧条发生后新任总统富兰克林・罗斯福上任推行“新政”对付大萧条开始的。所以特朗普是模棱两可夹带私货了。\n事实上，特朗普相比拜登反而更像大手大脚的胡佛总统。\n当年富兰克林・罗斯福临危受任，面对前任总统胡佛留下债台高筑的局面不得已做出的高额征税。其在任期的联邦企业最高税率从63%提高至94%，并在此后维持了很长时间。\n对于罗斯福新政效果我们很难给出一个公允的评价，虽然一定程度上缓解了美国的财政赤字问题，但也引起当时的工商界强烈反对和对抗。最终在实际执行中，对富人征税的效果并没有太明显的结果。\n同时罗斯福新政也开创了国家干预经济发展的新模式，资本主义宣告告别自由放任政策的时代，迎来了有政府干预经济行为的凯恩斯主义时代。\n2\n向富人加税真的有效吗？\n在去年魔幻的2020年，或者直到如今，美国在严峻的疫情冲击下靠发钱度日，但美国的资本市场却异常繁荣，导致美国最顶尖的那1%的富豪财富不减反增，整体增加超过1万亿美元的财富。\n比如，世界首富亚马逊创始人贝佐斯财富猛增近80%，特斯拉马斯克的财富增加超7倍等等。\n所以，拜登向富人征税的动机可以说很大。\n按照拜登加税方案的测算，如果上述加税政策能有效落地，那么合计就能为美国财政带来2.1万亿美元的收入，基本能覆盖所推行的2.25万亿基建计划用度了。\n但算盘打得响，不代表就能收得来钱。\n历届美国总统的经验教训证明，在资本主义国家，向掌控了话语权的资本家加税简直就是与虎谋皮，不仅难度大，搞不好甚至真的还有生命危险。\n虽然在日益激化的贫富两极矛盾形势下，对于富人征税深得美国普通民众的赞同，但拜登下周公布的这项提案想要获得通过还有很多不确定性。\n首先，目前的加税政策在美国内部争议很大。作为死对头，民主党的拜登政府任何形式的加税都不大可能得到共和党的支持，尤其是民主党现在的加税政策明显与此次特朗普政府的方向相反，赞同拜登那无疑等于自己打脸。\n且不说最终通过法案的流程会拉很长，目前参议院内两党格局为50比50，如果当中有民主党议员倒戈，那最终加税方案就悬了。此前听说有三位议员就表态除非取消目前1万美元的个税减免上限，否则不会支持任何税改方案。\n而从加税是给补贴基建计划开支的目的看，这在源头上也都还具有很多不确定性，这种情况下，加税方案能完全落地就值得怀疑了。\n另一方面，即使通过了征税方案，最终效果可能也不会有想象中那么好。\n在美国，对高收入群体征税从来都是非常困难，因为这些富豪的身边都有一群无比专业的会计师，可以帮他们通过各种法律漏洞为规避大部分的税收。\n开公司的在国内可以增加成本开支来抵扣、或者调节收入结构寻求更低的税率，甚至把注册地转移到海外的避税天堂。\n这也是为什么美国在近期试图拉拢G20国家制定全球一致最低税率来专门打击美国企业通过避税天堂转移利润做法，以留住税源的原因。\n但美国富人的会计师还有大把方式逃税。\n巴菲特曾经有一篇文章《停止宠爱超级富豪》中深刻反映出了美国在税收上“不平等”，虽然他每年赚的钱数以亿计，但通过合理的规避，他本人的实际税率仅有他公司雇员约一半，甚至连他办公室的清洁工都比他高。\n在避税这方面，特朗普堪称其中的王者：\n特朗普家族旗下大部分的开销用度都走公司账，以及豪宅、飞机、度假庄园等原本属于私人用度的奢侈资产，全都挂在公司的账上。\n所以特朗普提供给税务局的资料旗下大部分资产是亏损的，这些亏损至少帮他免除了6亿美元的税额。\n虽然特朗普在任期时的个人财富高达40亿美元，但其在2016年之前的15年里，有10年时间没有向税务局交过一分钱，上台几年接受更严监督也才缴纳了750美元的个税。\n更夸张的，因为旗下资产的“亏损”，特朗普2010年还拿到了7290万美元的退税补贴，把几年交的税都拿回来了，还赚了一大笔利息。\n所以可以看到美国有一个很明显的趋势，债务越来越高，富人和高收入人群的税收越来越低。\n所以现在拜登政府真要向企业和富人征税，究竟能收上来多少收入，真不好说。\n事实上，加税最终受最大影响的不会是富人阶级，也不是光脚的底层阶级，而是针对年收入40万美元以上部分中小企业和中产家庭。\n美国的中产阶级的实际负担其实已经很重，每月的养老、个税、医保、教育、交通等各种昂贵开支让他们几乎没办法存钱，这也是为何美国属于超前消费型国家，其实并不是他们不想存钱。\n可以看到，在天量放水的大背景下，中产阶级的收入增速还不如放水速度，物价持续上升购买力下降，如今再加大幅税，那情况必然是更加糟糕。\n目前拜登能做的首先除了继续现金发钱保持消费需求，然后继续放水刺激经济与就业之外其实也没多大手段了，毕竟目前这个烂摊子窟窿，实在太大。\n其实拜登很可能也是知道现有体制下向富人加税实际是很难有成效，但起码首先要先把样子做出来，多少会有点成绩。\n至于后面是否需要加码其他政策让这个加税政策落地，那是走着瞧了。\n3\n美股的繁荣还能持续吗？\n这是一个很容易打脸的问题，但很有必要分析一下。\n我们可以看到，这一次拜登的加税方案一出来，美股就开始出现集体下跌，尤其这些年涨幅最大的科技股跌最明显。\n说明市场对资本利得税可能翻倍的政策反应很大的，虽然依然还有较大不确定性。\n如果没错的话，目前美国的资本利得税在0-20%左右，如果利得税大增的话，那冲击确实会很大。\n美股当下这一批在这几年疯长的科技股，是拉升美股持续走强的最大推力，它们不但是无数美国富人群体的心头爱，也是很多顶级基金的压舱石，并且也是美国无数有加杠杆的散户的一致选择，所以谁都不想这些科技跌。\n但现在美股的繁荣底层逻辑更多的是天量的放水导致的资产泡沫，而非经济面强劲企业利润增长带来的估值提升（当前美国经济数据强势是疫后修复还不能算长期趋势），如今市场对美国收紧流动性的预期有所抬升，这些资产泡沫的未来增量靠什么去支撑？\n在前阵子，美国10年国债收益率持续攀升几度吓坏市场，美股几大指数尤其纳斯达克指数的波动明显加大，多少说明市场的乐观情绪根基是有松动了。\n如果美国资本利得税真大幅增加，在后续没有确定上行空间的疑虑下，这些科技股的持有者会不会因为有人抢跑而形成连锁反应？\n4\n结语\n所谓天道好轮回，历史总是惊人的相似。\n当年的柯立芝和胡佛时代，他们先后通过采用大量的减税和量化宽松来刺激美国经济走向空前异常繁荣，最热泡沫破裂导致是1929年的历史大萧条。然后罗斯福出来收拾残局，通过举债搞基建和向富人阶层加税来试图重振经济，搞得实际内部矛盾激化。\n要不是其任内发生的二战带来的需求刺激让美国经济重新繁荣，很难想象罗斯福的新政会带来什么样的结果。\n如今次贷危机以来，奥巴马和特朗普的采取的路径手法与当年的柯立芝和胡佛两人也大体类似，也是急速积累了空前的债务和资产泡沫，然后也是拜登在走着罗斯福同样的套路，虽然目前美国整体还看上去依然安好，但当下的积累风险性确实已不容小看。\n虽然从更长远的视角看，美国的基建计划如果有效推行，那必然会对美国的实体经济带来振兴，但毕竟想要见效还很远。\n在次之前，美股会不会有一波释放风险的大下杀呢？","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1574,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376739393,"gmtCreate":1619147419712,"gmtModify":1704720375106,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avata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18:11","market":"us","language":"zh","title":"Among the three favorite stocks of \"Sister Wood\", who is most worthy of investors to \"Call\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2126006034","media":"美股研究社","summary":"下面是三支遭受重创的Cathie Wood股票，它们是目前特别值得买入的股票。","content":"<p>Even the best investors go through tough times. That's the case with Cathie Wood, founder and CEO of Ark Investments. Shares in the five largest exchange-traded funds (ETFs) managed by Wood are well below their highs earlier this year.</p><p>However, the stock market pullback presents a huge opportunity for other investors to buy into shares of the best companies owned by the ARK ETF. Here are three hard-hit Cathie Wood stocks that are particularly buys right now.</p><p><b>Sea Limite (SE.US)</b></p><p>Sea Limited's<a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a>Ranked fifth in. It is the 10th largest position in the ARK Next Generation Internet ETF. The company's shares have dropped more than 12% from a high reached in February.</p><p>Of course, the company announced a big fourth-quarter loss in early March. However, the stock's decline has more to do with investors pulling out of growth stocks than with Sea's underlying business. Actually, the company's business is booming.</p><p>Sea's digital entertainment division is making a fortune from the success of Free Fire, the highest-revenue mobile game in Latin America and Southeast Asia for six consecutive quarters. The business is essentially subsidizing the company's loss-making division, which is focused on digital finance and e-commerce.</p><p>However, I think the long-term outlook for Sea is very positive for all three businesses. Free Fire remains a global mobile gaming giant. Sea's Shopee e-commerce platform leads markets such as Southeast Asia, Indonesia, and continues to deliver strong revenue growth. The company's SeaMoney mobile wallet is also accelerating.</p><p>I expect Sea's bottom line to improve, and I expect its share price to bounce back well.</p><p><b>Square (SQ.US)</b></p><p>Wood's favorite stock is Square (NYSE:SQ). The stock is<a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a>The largest holding and the second largest position in the ARK Innovation ETF and ARK Next Generation Internet ETF. But Square's stock is down 11% from its February high.</p><p>As in the case of Sea Limited, Square's pullback was primarily the result of a market rotation. Although the company's seller ecosystem was negatively impacted by the COVID-19 pandemic, there were signs of improvement in the fourth quarter. The increased supply of vaccines bodes well for stronger performance for the rest of 2021.</p><p>Square's cash app digital wallet, meanwhile, remains a huge growth story for the company. In the fourth quarter of this year, cash app gross profit soared 162% year over year. Square should be able to achieve even greater growth by driving the use of related products and services, such as cash and debit cards.</p><p>In March, the company achieved a major milestone as Square's financial services division began banking. Under the protection of a federally chartered bank, Square will be able to provide more financial services to its commercial customers. The fintech giant is likely to expand its banking services over time.</p><p>In many ways, Square's efforts to disrupt the financial services industry are just getting started. Its share price has plenty of upside.</p><p><b>Teladoc Health (TDOC.US)</b></p><p>In<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>Among the most owned companies, Teladoc Health is second only to Square in terms of ownership. The virtual care industry leader is the fourth largest holding in the ARK Next Generation Internet ETF and ranks first in the ARK Genomic Revolution ETF. As much as Wood likes Teladoc's stock, its stock has fallen nearly 40% from its February high.</p><p>Institutional investors moving money away from growth stocks is one reason Teladoc's underperformance. However, the company also expects revenue growth to slow in the fourth quarter of 2021. In addition,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Announced plans to enter the telemedicine market this summer.</p><p>To all of this, my answer is simply looking at the long-term prospects of Teladoc. Virtual healthcare is still in its early stages. McKinsey Consulting forecasts that the U.S. virtual health market will reach $250 billion a year after the pandemic ends. Teladoc opportunities aren't just limited to the United States, either.</p><p>I think, without a doubt, this is a large enough market to support multiple winners. Teladoc's leadership, market share (currently accounting for more than 40% of Fortune 500 customers), and range of products and services give the company a solid competitive edge.</p><p>In 2020, with an unprecedented surge in telemedicine demand due to the pandemic, it's entirely understandable that revenue growth will slow somewhat. While in the long run, Teladoc should be able to continue to grow strongly.</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>Among the three favorite stocks of \"Sister Wood\", who is most worthy of investors to \"Call\"?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmong the three favorite stocks of \"Sister Wood\", who is most worthy of investors to \"Call\"?\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/e09c69c7ea1d4781a9de127f9b375dd6);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">美股研究社 </p>\n<p class=\"h-time smaller\">2021-04-10 18:11</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Even the best investors go through tough times. That's the case with Cathie Wood, founder and CEO of Ark Investments. Shares in the five largest exchange-traded funds (ETFs) managed by Wood are well below their highs earlier this year.</p><p>However, the stock market pullback presents a huge opportunity for other investors to buy into shares of the best companies owned by the ARK ETF. Here are three hard-hit Cathie Wood stocks that are particularly buys right now.</p><p><b>Sea Limite (SE.US)</b></p><p>Sea Limited's<a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a>Ranked fifth in. It is the 10th largest position in the ARK Next Generation Internet ETF. The company's shares have dropped more than 12% from a high reached in February.</p><p>Of course, the company announced a big fourth-quarter loss in early March. However, the stock's decline has more to do with investors pulling out of growth stocks than with Sea's underlying business. Actually, the company's business is booming.</p><p>Sea's digital entertainment division is making a fortune from the success of Free Fire, the highest-revenue mobile game in Latin America and Southeast Asia for six consecutive quarters. The business is essentially subsidizing the company's loss-making division, which is focused on digital finance and e-commerce.</p><p>However, I think the long-term outlook for Sea is very positive for all three businesses. Free Fire remains a global mobile gaming giant. Sea's Shopee e-commerce platform leads markets such as Southeast Asia, Indonesia, and continues to deliver strong revenue growth. The company's SeaMoney mobile wallet is also accelerating.</p><p>I expect Sea's bottom line to improve, and I expect its share price to bounce back well.</p><p><b>Square (SQ.US)</b></p><p>Wood's favorite stock is Square (NYSE:SQ). The stock is<a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a>The largest holding and the second largest position in the ARK Innovation ETF and ARK Next Generation Internet ETF. But Square's stock is down 11% from its February high.</p><p>As in the case of Sea Limited, Square's pullback was primarily the result of a market rotation. Although the company's seller ecosystem was negatively impacted by the COVID-19 pandemic, there were signs of improvement in the fourth quarter. The increased supply of vaccines bodes well for stronger performance for the rest of 2021.</p><p>Square's cash app digital wallet, meanwhile, remains a huge growth story for the company. In the fourth quarter of this year, cash app gross profit soared 162% year over year. Square should be able to achieve even greater growth by driving the use of related products and services, such as cash and debit cards.</p><p>In March, the company achieved a major milestone as Square's financial services division began banking. Under the protection of a federally chartered bank, Square will be able to provide more financial services to its commercial customers. The fintech giant is likely to expand its banking services over time.</p><p>In many ways, Square's efforts to disrupt the financial services industry are just getting started. Its share price has plenty of upside.</p><p><b>Teladoc Health (TDOC.US)</b></p><p>In<a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>Among the most owned companies, Teladoc Health is second only to Square in terms of ownership. The virtual care industry leader is the fourth largest holding in the ARK Next Generation Internet ETF and ranks first in the ARK Genomic Revolution ETF. As much as Wood likes Teladoc's stock, its stock has fallen nearly 40% from its February high.</p><p>Institutional investors moving money away from growth stocks is one reason Teladoc's underperformance. However, the company also expects revenue growth to slow in the fourth quarter of 2021. In addition,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Announced plans to enter the telemedicine market this summer.</p><p>To all of this, my answer is simply looking at the long-term prospects of Teladoc. Virtual healthcare is still in its early stages. McKinsey Consulting forecasts that the U.S. virtual health market will reach $250 billion a year after the pandemic ends. Teladoc opportunities aren't just limited to the United States, either.</p><p>I think, without a doubt, this is a large enough market to support multiple winners. Teladoc's leadership, market share (currently accounting for more than 40% of Fortune 500 customers), and range of products and services give the company a solid competitive edge.</p><p>In 2020, with an unprecedented surge in telemedicine demand due to the pandemic, it's entirely understandable that revenue growth will slow somewhat. While in the long run, Teladoc should be able to continue to grow strongly.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"http://gimg2.baidu.com/image_search/src=http%3A%2F%2Finews.gtimg.com%2Fnewsapp_bt%2F0%2F13178222039%2F641&refer=http%3A%2F%2Finews.gtimg.com&app=2002&size=f9999,10000&q=a80&n=0&g=0n&fmt=jpeg?sec=1619929481&t=d215d79061ca1426fcf3fc9ef6561e9f","relate_stocks":{"SE":"Sea Ltd","ARKK":"ARK Innovation ETF","TDOC":"Teladoc Health Inc."},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2126006034","content_text":"即使是最好的投资者也会经历艰难时期。方舟投资公司创始人兼首席执行官Cathie  Wood就是这样。Wood管理的五大交易所交易基金(ETFs)的股价远低于今年早些时候的高点。然而，股市回调为其他投资者提供了巨大的机会，让他们可以买进方舟ETF所拥有的最好公司的股票。下面是三支遭受重创的Cathie  Wood股票，它们是目前特别值得买入的股票。Sea Limite（SE.US）Sea Limited 在Wood的ARK Fintech Innovation ETF中排名第五。它是ARK Next  Generation Internet ETF的第10大持仓。该公司股价已较2月份创下的高点下跌逾12%。当然，该公司在3月初宣布了第四季度的大幅亏损。然而，该股的下跌更多地与投资者从成长型股票中撤出有关，而不是与Sea的基础业务有关。实际上，公司的业务正在蓬勃发展。Sea的数字娱乐部门正从《Free Fire》的成功中赚得盆满钵满，《Free  Fire》是拉丁美洲和东南亚连续6个季度营收最高的手机游戏。这项业务实质上是在补贴该公司专注于数字金融和电子商务的亏损部门。然而，我认为Sea的长期前景对这三项企业都非常有利。Free  Fire仍然是全球手机游戏巨头。Sea的Shopee电子商务平台在东南亚、印度尼西亚等市场处于领先地位，并持续实现强劲的收入增长。该公司的SeaMoney移动钱包也在加速发展。我希望Sea的底线会有所改善，并且我希望它的股价能很好地反弹。Square（SQ.US）Wood最喜欢的股票莫过于Square(NYSE:SQ)。该股是ARK Fintech Innovation ETF持有的最大股票，也是ARK  Innovation ETF和ARK Next Generation Internet  ETF的第二大头寸。但Square的股价较2月份的高点下跌了11%。与Sea  Limited的情况一样，Square的回调主要是市场轮转的结果。尽管该公司的卖家生态系统受到了COVID-19大流行的负面影响，但第四季度出现了改善的迹象。疫苗供应的增加预示着2021年剩余时间的表现将更加强劲。与此同时，Square的现金应用数字钱包仍然是该公司的一个巨大增长故事。今年第四季度，现金应用毛利润同比飙升162%。通过推动相关产品和服务(如现金卡和借记卡)的使用，Square应该能够实现更大的增长。今年3月，随着Square金融服务部门开始银行业务，该公司实现了一个重要的里程碑。在联邦特许银行的保护下，Square将能够为其商业客户提供更多的金融服务。随着时间的推移，这家金融科技巨头可能会扩大其银行服务。从很多方面来看，Square在颠覆金融服务业方面的努力才刚刚起步。它的股价还有很大的上涨空间。Teladoc Health（TDOC.US）在ARK Innovation ETF持股最多的公司中，Teladoc  Health的持股量仅次于Square。这家虚拟护理行业的领军企业是ARK Next Generation Internet  ETF的第四大持仓，在ARK Genomic Revolution  ETF位列第一。尽管Wood很喜欢Teladoc的股票，但其股价已从2月份的高点下跌了近40%。机构投资者将资金从成长型股票上转移，是Teladoc表现不佳的一个原因。然而，该公司也预计2021年第四季度的收入增长将放缓。此外，亚马逊宣布计划于今年夏天进军远程医疗市场。对于这一切，我的回答只是着眼于Teladoc的长期前景。虚拟医疗仍处于早期阶段。McKinsey咨询公司预测，疫情结束后，美国虚拟医疗市场每年将达到2500亿美元。Teladoc的机会也不仅仅局限于美国。我认为，毫无疑问，这是一个足够大的市场，足以支持多个赢家。Teladoc的领先优势、市场占有率(目前其客户占《财富》500强企业的40%以上)，以及产品和服务的范围，使公司具有坚实的竞争优势。2020年，由于大流行，远程医疗需求前所未有地激增，收入增长将有所放缓，这是完全可以理解的。而从长远来看，Teladoc应该能够持续强劲增长。","news_type":1,"symbols_score_info":{"SE":0.9,"ARKK":0.9,"TDOC":0.9,"SQ":0.9}},"isVote":1,"tweetType":1,"viewCount":1531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340726931,"gmtCreate":1617496853723,"gmtModify":1704699963835,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"<a 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ETF(VOO)$???","images":[{"img":"https://static.tigerbbs.com/7556776091111a542dd7923c8c10d181","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322045965","isVote":1,"tweetType":1,"viewCount":1671,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":323853984,"gmtCreate":1615333489148,"gmtModify":1704781216065,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"??????","listText":"??????","text":"??????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323853984","repostId":"2118642236","repostType":4,"isVote":1,"tweetType":1,"viewCount":1387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9093841278,"gmtCreate":1643595791743,"gmtModify":1676533834462,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"good game👍","listText":"good game👍","text":"good game👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093841278","repostId":"9004448317","repostType":1,"repost":{"id":9004448317,"gmtCreate":1642676525258,"gmtModify":1676533734534,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"Join Tiger Ski Championship, Win a Bonus of Up to USD 2022","htmlText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","listText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","text":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: Click to Join the Game","images":[{"img":"https://static.tigerbbs.com/a7b44fa056439fb4010fa55e163d27c3","width":"750","height":"1726"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004448317","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4603,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162804861,"gmtCreate":1624053749453,"gmtModify":1703827579221,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/162804861","repostId":"2144572198","repostType":4,"repost":{"id":"2144572198","kind":"highlight","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1623993218,"share":"https://ttm.financial/m/news/2144572198?lang=en_US&edition=fundamental","pubTime":"2021-06-18 13:13","market":"us","language":"zh","title":"Over 2 trillion US stock options decisive battle tonight's \"Four Witch Day\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2144572198","media":"Wind万得","summary":"美股今年第二个“四巫日”今晚到来，届时将有超2万亿美元美股期权到期，加上美联储暗示流动性或收紧，此次“四巫日”或许是美股的一个转折点。\n四巫日(Quadruplewitchingday)是指美国市场于","content":"<p>The second \"Four Witches Day\" of U.S. stocks this year will arrive tonight, when more than $2 trillion of U.S. stock options will expire. In addition, the Federal Reserve suggests liquidity or tightening. This \"Four Witches Day\" may be a turning point for U.S. stocks.</p><p>Quadruplewitchingday refers to the maturity and settlement date of derivative financial products in the U.S. market on the third Friday of the quarter (March, June, September and December). Stock index futures, stock index options, stock options and single stock futures are all due and delivered on the same day. The simultaneous delivery of these four asset classes will bring violent market volatility, with bulls and shorts playing with each other.</p><p><b>Options expiring this Friday include: $240 billion worth of<a href=\"https://laohu8.com/S/IVV\">S&P 500 ETF</a>Options, $200 billion in mini S&P 500 futures and $1.8 trillion in S&P 500 options, totaling over $2 trillion.</b></p><p><img src=\"https://static.tigerbbs.com/e084b716c88bd8163b59b6f21fa71734\" tg-width=\"500\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p><p>As U.S. stocks have been hitting record highs recently, most June open interest prices are expected to be below current spot prices. As shown in the chart below, options with strike prices are most densely distributed around 3900 and 4150. This means that after this Friday, there could be some support around these points until refilled with new gamma.</p><p><img src=\"https://static.tigerbbs.com/ac0e8bce636a6f73c6b57a18d39a180a\" tg-width=\"500\" tg-height=\"289\" referrerpolicy=\"no-referrer\"></p><p>The trading volume of the Four Witches calendar has been very huge,<b>However, what is more noteworthy this time is that the volatility of U.S. stocks was very low before, and the hint of the Fed's liquidity turnaround has already come out.</b></p><p>In the past 13 trading days, the volatility of the S&P 500 index is only 5.1%, which is the lowest volatility since 2019. However, compared with the lifeless market, the volatility of individual stocks is extremely great, especially retail stocks, such as GME and AMC.</p><p>Charlie McElligott of Nomura notes,<b>Very low market volatility coexisting with a large number of bullish gamma options expiring is very dangerous,</b>Because once positions are closed collectively, real volatility may pick up instantaneously. Meanwhile, the rising VIX index futures relative to the S&P 500 Beta indicates that if there is a sell-off in the market, the short gamma position will recover and the market will become more volatile.</p><p>In addition, the Fed's interest rate meeting on Thursday did not indicate immediate tightening of liquidity, but it also admitted that high inflation will not disappear in the short term, which is equivalent to walking a tightrope between pigeons and hawks. But on Friday, it took real action to tighten liquidity.</p><p>On Friday,<b>Sixty-eight counterparties put $756 billion in funds to the Federal Reserve through overnight reverse repurchase instruments, setting a record high of $584 billion.</b>And the day before. The use of the Fed's overnight reverse repo rate is only $520.9 billion. This represents a $235.1 billion increase in the use of the tool in just one day, a whopping 45% increase.</p><p>The effect of the Fed's reverse repurchase is just the opposite of that of China. Simply put, the role of the central bank's reverse repurchase is to release liquidity, while the Fed's reverse repurchase is to recover liquidity. Single-day usage of the Fed's reverse repo vehicle has exceeded $500 billion for seven consecutive trading sessions since it crossed the $500 billion mark for the first time in usage history last Wednesday.</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>Over 2 trillion US stock options decisive battle tonight's \"Four Witch Day\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOver 2 trillion US stock options decisive battle tonight's \"Four Witch Day\"\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-06-18 13:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The second \"Four Witches Day\" of U.S. stocks this year will arrive tonight, when more than $2 trillion of U.S. stock options will expire. In addition, the Federal Reserve suggests liquidity or tightening. This \"Four Witches Day\" may be a turning point for U.S. stocks.</p><p>Quadruplewitchingday refers to the maturity and settlement date of derivative financial products in the U.S. market on the third Friday of the quarter (March, June, September and December). Stock index futures, stock index options, stock options and single stock futures are all due and delivered on the same day. The simultaneous delivery of these four asset classes will bring violent market volatility, with bulls and shorts playing with each other.</p><p><b>Options expiring this Friday include: $240 billion worth of<a href=\"https://laohu8.com/S/IVV\">S&P 500 ETF</a>Options, $200 billion in mini S&P 500 futures and $1.8 trillion in S&P 500 options, totaling over $2 trillion.</b></p><p><img src=\"https://static.tigerbbs.com/e084b716c88bd8163b59b6f21fa71734\" tg-width=\"500\" tg-height=\"399\" referrerpolicy=\"no-referrer\"></p><p>As U.S. stocks have been hitting record highs recently, most June open interest prices are expected to be below current spot prices. As shown in the chart below, options with strike prices are most densely distributed around 3900 and 4150. This means that after this Friday, there could be some support around these points until refilled with new gamma.</p><p><img src=\"https://static.tigerbbs.com/ac0e8bce636a6f73c6b57a18d39a180a\" tg-width=\"500\" tg-height=\"289\" referrerpolicy=\"no-referrer\"></p><p>The trading volume of the Four Witches calendar has been very huge,<b>However, what is more noteworthy this time is that the volatility of U.S. stocks was very low before, and the hint of the Fed's liquidity turnaround has already come out.</b></p><p>In the past 13 trading days, the volatility of the S&P 500 index is only 5.1%, which is the lowest volatility since 2019. However, compared with the lifeless market, the volatility of individual stocks is extremely great, especially retail stocks, such as GME and AMC.</p><p>Charlie McElligott of Nomura notes,<b>Very low market volatility coexisting with a large number of bullish gamma options expiring is very dangerous,</b>Because once positions are closed collectively, real volatility may pick up instantaneously. Meanwhile, the rising VIX index futures relative to the S&P 500 Beta indicates that if there is a sell-off in the market, the short gamma position will recover and the market will become more volatile.</p><p>In addition, the Fed's interest rate meeting on Thursday did not indicate immediate tightening of liquidity, but it also admitted that high inflation will not disappear in the short term, which is equivalent to walking a tightrope between pigeons and hawks. But on Friday, it took real action to tighten liquidity.</p><p>On Friday,<b>Sixty-eight counterparties put $756 billion in funds to the Federal Reserve through overnight reverse repurchase instruments, setting a record high of $584 billion.</b>And the day before. The use of the Fed's overnight reverse repo rate is only $520.9 billion. This represents a $235.1 billion increase in the use of the tool in just one day, a whopping 45% increase.</p><p>The effect of the Fed's reverse repurchase is just the opposite of that of China. Simply put, the role of the central bank's reverse repurchase is to release liquidity, while the Fed's reverse repurchase is to recover liquidity. Single-day usage of the Fed's reverse repo vehicle has exceeded $500 billion for seven consecutive trading sessions since it crossed the $500 billion mark for the first time in usage history last Wednesday.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/be0bdd49975f3ab5453ab8ae8b24f37e","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","VIXY":"波动率短期期货指数ETF","SPY":"标普500ETF","SDS":"两倍做空标普500 ETF-ProShares","TQQQ":"纳指三倍做多ETF","SPXU":"三倍做空标普500ETF-ProShares","OEF":"标普100指数ETF-iShares","DDM":"2倍做多道指ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","SQQQ":"纳指三倍做空ETF",".DJI":"道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","SVXY":"做空波动率指数短期期货ETF-ProShares","SH":"做空标普500-Proshares","DXD":"两倍做空道琼30指数ETF-ProShares",".SPX":"S&P 500 Index","SDOW":"三倍做空道指30ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","IVV":"标普500ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","DOG":"道指ETF-ProShares做空","UDOW":"三倍做多道指30ETF-ProShares","UVXY":"1.5倍做多短期期货恐慌指数ETF-Proshares","DJX":"1/100道琼斯","OEX":"标普100"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144572198","content_text":"美股今年第二个“四巫日”今晚到来，届时将有超2万亿美元美股期权到期，加上美联储暗示流动性或收紧，此次“四巫日”或许是美股的一个转折点。\n四巫日(Quadruplewitchingday)是指美国市场于季月(三月、六月、九月、十二月)第三个星期五之衍生性金融商品到期结算日，股指期货、股指期权、股票期权以及单一股票期货，都在同一天到期交割。这四种资产类别同时交割会带来剧烈的市场波动，多头空头相互博弈。\n本周五到期的期权包括：价值2400亿美元的标普500指数ETF期权，2000亿美元的迷你标普500指数期货以及1.8万亿美元的标普500指数期权，总计价值超2万亿美元。\n\n由于近期美股一直在创新高，预计大部分6月未平仓合约价格都低于当前的现货价格。如下图所示，行权价在3900和4150附近期权分布最密集。这意味着在本周五之后，这些点周围可能会有一定的支撑，直到被新的gamma重新填充。\n\n四巫日历来成交量都非常巨大，但此次更值得注意的点是，此前美股波动率非常低，另外美联储流动性转折的暗示已经出来了。\n过去13个交易日，标普500指数波动率仅有5.1%，这是自2019年以来最低的波动率，但是与大盘死气沉沉相比，个股的波动性却极大，特别是散户抱团股，如GME和AMC等。\n野村证券的Charlie McElligott指出，极低的大盘波动率与大量看涨gamma期权到期并存非常危险，因为一旦头寸集体平仓，实际波动率可能会瞬间回升。同时，VIX指数期货相对于标普500指数Beta值不断上升，这表明，如果市场出现抛售，空头gamma仓位会回升，市场将变得更加不稳定。\n另外，周四的美联储议息会议并没有表示立即收紧流动性，但是也承认了通胀高企短期不会消失，相当于在鸽、鹰派之间走钢丝。但是周五却实实在在行动开始收紧流动性。\n周五，68家对手方通过隔夜逆回购工具将7560亿美元资金放到美联储，刷新了5840亿美元的纪录高位。而前一天。美联储的隔夜逆回购率的使用规模仅为5209亿美元。这意味着，在短短一天时间内，该工具的使用量增加了2351亿美元，增幅高达45%。\n美联储逆回购功效和中国刚刚相反，简单来说，我国央行逆回购的作用是为了释放流动性，而美联储逆回购则是为了收回流动性。自上周三用量史上首次突破5000亿美元大关以来，美联储逆回购工具的单日用量已连续七个交易日超过5000亿美元。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"DJX":0.9,"UDOW":0.9,"SVXY":0.9,"SDOW":0.9,"QID":0.9,"MNQmain":0.9,"OEF":0.9,"TQQQ":0.9,"PSQ":0.9,"DXD":0.9,"VIXmain":0.9,"NQmain":0.9,"VIXY":0.9,"ESmain":0.9,"SPY":0.9,"DOG":0.9,"DDM":0.9,".SPX":0.9,"SQQQ":0.9,"SSO":0.9,"UVXY":0.9,"QLD":0.9,"SPXU":0.9,"UPRO":0.9,"IVV":0.9,".DJI":0.9,"QQQ":0.9,"SH":0.9,".IXIC":0.9,"SDS":0.9,"OEX":0.9}},"isVote":1,"tweetType":1,"viewCount":4547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196351528,"gmtCreate":1621029881264,"gmtModify":1704352073045,"author":{"id":"3559465027955708","authorId":"3559465027955708","name":"Tonyseng","avatar":"https://static.tigerbbs.com/bbd7cee8035bef38984f1955f9409b81","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559465027955708","idStr":"3559465027955708"},"themes":[],"htmlText":"<a 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