Mega1314 personal page - To The Moon

Mega1314

Mega1314

Mega1314

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2021-08-30

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2021-06-12

INFLATION HISTORY

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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631260909,"share":"https://ttm.financial/m/news/1108076835?lang=en_US&edition=fundamental","pubTime":"2021-09-10 16:01","market":"us","language":"en","title":"UP Fintech Reports More Than 60% of Newly Funded Accounts Acquired From International Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1108076835","media":"Tiger Newspress","summary":"$Leading$ online brokerage firm, UP Fintech Holding Limited  , today reported revenues of US$60.2 million for the second quarter ended June 30, 2021 compared to revenue of US$30.3 million in the second quarter of 2020. Notably, more than 60% of the Company’s newly funded accounts were derived from international markets in the quarter. Growth was driven by enhanced platform capabilities and rising demand for convenient access to global brokerage services.UP Fintech Holding Limited Reports Unaudit","content":"<p><a href=\"https://laohu8.com/S/LBIX\">Leading</a> online brokerage firm, UP Fintech Holding Limited (<a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>: TIGR) (“UP Fintech” or the “Company”), today reported revenues of US$60.2 million for the second quarter ended June 30, 2021 compared to revenue of US$30.3 million in the second quarter of 2020. Notably, more than 60% of the Company’s newly funded accounts were derived from international markets in the quarter. Growth was driven by enhanced platform capabilities and rising demand for convenient access to global brokerage services.</p>\n<p><a href=\"https://ir.itiger.com/news-releases/news-release-details/fintech-holding-limited-reports-unaudited-second-quarter-2021\" target=\"_blank\"><b>UP Fintech Holding Limited Reports Unaudited Second Quarter 2021 Financial Results</b></a></p>\n<p>“We maintained our solid business momentum with a high client retention rate and increased operational synergies, ”commented Mr. Wu Tianhua, founder and CEO of UP Fintech. “I am confident in the positive outlook for our Company and our industry. Our singular focus is to employ technology to make investing more efficient and we are committed to increasing the breadth and diversity of our product offerings, as well as leveraging our leading position in underwriting and ESOP (Employee Share Ownership Plans) to attract new clients.”</p>\n<p>During the second quarter, the total number of funded accounts increased to 529,100. The Company added more funded accounts in the first six months of 2021 than it did in its entire cumulative operating history. The total account balance increased 188.9% year-over-year to US$23.9 billion as the Company continued to attract new clients from multiple international markets. In Singapore, UP Fintech’s local subsidiary, <a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a> (Singapore) Pte. Ltd., launched new products and in-APP functions such as an industry heatmap, Mini USD/CNH futures, and OSE futures, supplementing the wide range of analytical tools and securities trading functions available on the Company’s platform.</p>\n<p>The Company also recently announced that it has received approval-in-principle to be admitted as a Clearing Member of The Central Depository (Pte) Limited (CDP), and a trading member of Singapore Exchange Securities Trading Limited (SGX) and Singapore Exchange Derivatives Trading Limited. These partnerships aim to improve the user experience and further strengthen the Company’s presence in the Singaporean market.</p>\n<p>The Company’s ESOP business continued to exhibit healthy growth with 51 new clients, up from 41 new clients in the previous quarter；ESOP adoption is accelerating and in the first six months of 2021 the Company added more new clients than it did in all of 2020. The Company is a leader in providing extensive expertise and guidance for start-ups at every stage of their ESOP from initial establishment through to execution and reporting. In addition, the Company is now offering its ESOP service to A-Share companies, further expanding its prospective client base.</p>\n<p>The Company served as an underwriter or member of the selling group in 17 IPOs, and in total provided subscriptions to 29 IPOs, including several high profile Hong Kong IPOs such as those of Angelalign (HK:6699) and Nayuki (HK:2150). In addition, The Company completed its own follow-on offering of 6.5 million <a href=\"https://laohu8.com/S/AFG\">American</a> Depository Shares in the second quarter and even&nbsp;offered retail investors the opportunity to subscribe through its flagship mobile trading APP, Tiger Trade.</p>\n<p>“While the market will have its ups and downs and competition will remain intense, our innovative platform and technology have been built to create long term value for our clients,” Wu stated. “User experience has always been our top priority and we see significant room for growth as we continue to broaden our global footprint in the near-term.”</p>\n<p></p>\n<p>Safe Harbor Statement</p>\n<p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. <a href=\"https://laohu8.com/S/FORD\">Forward</a>-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in <a href=\"https://laohu8.com/S/CAAS\">China</a> and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.</p>\n<p></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>UP Fintech Reports More Than 60% of Newly Funded Accounts Acquired From International Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUP Fintech Reports More Than 60% of Newly Funded Accounts Acquired From International Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-10 16:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/LBIX\">Leading</a> online brokerage firm, UP Fintech Holding Limited (<a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>: TIGR) (“UP Fintech” or the “Company”), today reported revenues of US$60.2 million for the second quarter ended June 30, 2021 compared to revenue of US$30.3 million in the second quarter of 2020. Notably, more than 60% of the Company’s newly funded accounts were derived from international markets in the quarter. Growth was driven by enhanced platform capabilities and rising demand for convenient access to global brokerage services.</p>\n<p><a href=\"https://ir.itiger.com/news-releases/news-release-details/fintech-holding-limited-reports-unaudited-second-quarter-2021\" target=\"_blank\"><b>UP Fintech Holding Limited Reports Unaudited Second Quarter 2021 Financial Results</b></a></p>\n<p>“We maintained our solid business momentum with a high client retention rate and increased operational synergies, ”commented Mr. Wu Tianhua, founder and CEO of UP Fintech. “I am confident in the positive outlook for our Company and our industry. Our singular focus is to employ technology to make investing more efficient and we are committed to increasing the breadth and diversity of our product offerings, as well as leveraging our leading position in underwriting and ESOP (Employee Share Ownership Plans) to attract new clients.”</p>\n<p>During the second quarter, the total number of funded accounts increased to 529,100. The Company added more funded accounts in the first six months of 2021 than it did in its entire cumulative operating history. The total account balance increased 188.9% year-over-year to US$23.9 billion as the Company continued to attract new clients from multiple international markets. In Singapore, UP Fintech’s local subsidiary, <a href=\"https://laohu8.com/S/TIGR\">Tiger Brokers</a> (Singapore) Pte. Ltd., launched new products and in-APP functions such as an industry heatmap, Mini USD/CNH futures, and OSE futures, supplementing the wide range of analytical tools and securities trading functions available on the Company’s platform.</p>\n<p>The Company also recently announced that it has received approval-in-principle to be admitted as a Clearing Member of The Central Depository (Pte) Limited (CDP), and a trading member of Singapore Exchange Securities Trading Limited (SGX) and Singapore Exchange Derivatives Trading Limited. These partnerships aim to improve the user experience and further strengthen the Company’s presence in the Singaporean market.</p>\n<p>The Company’s ESOP business continued to exhibit healthy growth with 51 new clients, up from 41 new clients in the previous quarter；ESOP adoption is accelerating and in the first six months of 2021 the Company added more new clients than it did in all of 2020. The Company is a leader in providing extensive expertise and guidance for start-ups at every stage of their ESOP from initial establishment through to execution and reporting. In addition, the Company is now offering its ESOP service to A-Share companies, further expanding its prospective client base.</p>\n<p>The Company served as an underwriter or member of the selling group in 17 IPOs, and in total provided subscriptions to 29 IPOs, including several high profile Hong Kong IPOs such as those of Angelalign (HK:6699) and Nayuki (HK:2150). In addition, The Company completed its own follow-on offering of 6.5 million <a href=\"https://laohu8.com/S/AFG\">American</a> Depository Shares in the second quarter and even&nbsp;offered retail investors the opportunity to subscribe through its flagship mobile trading APP, Tiger Trade.</p>\n<p>“While the market will have its ups and downs and competition will remain intense, our innovative platform and technology have been built to create long term value for our clients,” Wu stated. “User experience has always been our top priority and we see significant room for growth as we continue to broaden our global footprint in the near-term.”</p>\n<p></p>\n<p>Safe Harbor Statement</p>\n<p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. <a href=\"https://laohu8.com/S/FORD\">Forward</a>-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in <a href=\"https://laohu8.com/S/CAAS\">China</a> and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108076835","content_text":"Leading online brokerage firm, UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), today reported revenues of US$60.2 million for the second quarter ended June 30, 2021 compared to revenue of US$30.3 million in the second quarter of 2020. Notably, more than 60% of the Company’s newly funded accounts were derived from international markets in the quarter. Growth was driven by enhanced platform capabilities and rising demand for convenient access to global brokerage services.\nUP Fintech Holding Limited Reports Unaudited Second Quarter 2021 Financial Results\n“We maintained our solid business momentum with a high client retention rate and increased operational synergies, ”commented Mr. Wu Tianhua, founder and CEO of UP Fintech. “I am confident in the positive outlook for our Company and our industry. Our singular focus is to employ technology to make investing more efficient and we are committed to increasing the breadth and diversity of our product offerings, as well as leveraging our leading position in underwriting and ESOP (Employee Share Ownership Plans) to attract new clients.”\nDuring the second quarter, the total number of funded accounts increased to 529,100. The Company added more funded accounts in the first six months of 2021 than it did in its entire cumulative operating history. The total account balance increased 188.9% year-over-year to US$23.9 billion as the Company continued to attract new clients from multiple international markets. In Singapore, UP Fintech’s local subsidiary, Tiger Brokers (Singapore) Pte. Ltd., launched new products and in-APP functions such as an industry heatmap, Mini USD/CNH futures, and OSE futures, supplementing the wide range of analytical tools and securities trading functions available on the Company’s platform.\nThe Company also recently announced that it has received approval-in-principle to be admitted as a Clearing Member of The Central Depository (Pte) Limited (CDP), and a trading member of Singapore Exchange Securities Trading Limited (SGX) and Singapore Exchange Derivatives Trading Limited. These partnerships aim to improve the user experience and further strengthen the Company’s presence in the Singaporean market.\nThe Company’s ESOP business continued to exhibit healthy growth with 51 new clients, up from 41 new clients in the previous quarter；ESOP adoption is accelerating and in the first six months of 2021 the Company added more new clients than it did in all of 2020. The Company is a leader in providing extensive expertise and guidance for start-ups at every stage of their ESOP from initial establishment through to execution and reporting. In addition, the Company is now offering its ESOP service to A-Share companies, further expanding its prospective client base.\nThe Company served as an underwriter or member of the selling group in 17 IPOs, and in total provided subscriptions to 29 IPOs, including several high profile Hong Kong IPOs such as those of Angelalign (HK:6699) and Nayuki (HK:2150). In addition, The Company completed its own follow-on offering of 6.5 million American Depository Shares in the second quarter and even offered retail investors the opportunity to subscribe through its flagship mobile trading APP, Tiger Trade.\n“While the market will have its ups and downs and competition will remain intense, our innovative platform and technology have been built to create long term value for our clients,” Wu stated. “User experience has always been our top priority and we see significant room for growth as we continue to broaden our global footprint in the near-term.”\n\nSafe Harbor Statement\nThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":4712,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818132114,"gmtCreate":1630382469638,"gmtModify":1676530287393,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"Who wants to join live conference?","listText":"Who wants to join live conference?","text":"Who wants to join live conference?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818132114","repostId":"1155996171","repostType":2,"repost":{"id":"1155996171","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630045491,"share":"https://ttm.financial/m/news/1155996171?lang=en_US&edition=fundamental","pubTime":"2021-08-27 14:24","market":"us","language":"en","title":"UP Fintech Holding Limited to Report Second Quarter 2021 Financial Results on September 10, 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1155996171","media":"Tiger Newspress","summary":"BEIJING, Aug. 27, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (“UP Fintech” or the “Company”","content":"<p>BEIJING, Aug. 27, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (“UP Fintech” or the “Company”) (NASDAQ: TIGR), a leading online brokerage firm focusing on global investors, today announced that it will report its financial results for the second quarter ended June 30, 2021 before the U.S. market opens on September 10, 2021.</p><p>UP Fintech’s management will hold an earnings conference call at 8:00 AM on September 10, 2021, U.S. Eastern Time (8:00 PM on September 10, 2021 Beijing/Hong Kong Time).</p><p><b>Conference Call Information:</b></p><p>Due to the outbreak of COVID-19, operator assisted conference calls are not available at this time. All participants wishing to attend the call must preregister online before they may receive the dial-in numbers. Preregistration may require a few minutes to complete. UP Fintech would like to apologize for any inconvenience caused by not having an operator.</p><p><b>Preregistration Information:</b></p><p>Participants may register for the conference call by navigating to:http://apac.directeventreg.com/registration/event/3996772</p><p>Once preregistration has been complete, participants will receive dial-in numbers, direct event passcode, and registrant id. The conference ID: is 3996772</p><p>To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the passcode followed by your PIN, and you will join the conference instantly.</p><p>A telephone replay of the call will be available after the conclusion of the conference call through September 24, 2021. Dial-in numbers for the replay are as follows:</p><p>International: +61 2 8199 0299</p><p>Passcode: 3996772</p><p>A live and archived webcast of the conference call will be available athttps://ir.itiger.com.</p><p><b>About UP Fintech Holding Limited</b></p><p>UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses. For more information on the Company, please visit:https://ir.itiger.com.</p><p><b>Investor Relations Contact</b></p><p>Mr. Clark S. Soucy</p><p>UP Fintech Holding Limited</p><p>Email:ir@itiger.com</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>UP Fintech Holding Limited to Report Second Quarter 2021 Financial Results on September 10, 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUP Fintech Holding Limited to Report Second Quarter 2021 Financial Results on September 10, 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-27 14:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, Aug. 27, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (“UP Fintech” or the “Company”) (NASDAQ: TIGR), a leading online brokerage firm focusing on global investors, today announced that it will report its financial results for the second quarter ended June 30, 2021 before the U.S. market opens on September 10, 2021.</p><p>UP Fintech’s management will hold an earnings conference call at 8:00 AM on September 10, 2021, U.S. Eastern Time (8:00 PM on September 10, 2021 Beijing/Hong Kong Time).</p><p><b>Conference Call Information:</b></p><p>Due to the outbreak of COVID-19, operator assisted conference calls are not available at this time. All participants wishing to attend the call must preregister online before they may receive the dial-in numbers. Preregistration may require a few minutes to complete. UP Fintech would like to apologize for any inconvenience caused by not having an operator.</p><p><b>Preregistration Information:</b></p><p>Participants may register for the conference call by navigating to:http://apac.directeventreg.com/registration/event/3996772</p><p>Once preregistration has been complete, participants will receive dial-in numbers, direct event passcode, and registrant id. The conference ID: is 3996772</p><p>To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the passcode followed by your PIN, and you will join the conference instantly.</p><p>A telephone replay of the call will be available after the conclusion of the conference call through September 24, 2021. Dial-in numbers for the replay are as follows:</p><p>International: +61 2 8199 0299</p><p>Passcode: 3996772</p><p>A live and archived webcast of the conference call will be available athttps://ir.itiger.com.</p><p><b>About UP Fintech Holding Limited</b></p><p>UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses. For more information on the Company, please visit:https://ir.itiger.com.</p><p><b>Investor Relations Contact</b></p><p>Mr. Clark S. Soucy</p><p>UP Fintech Holding Limited</p><p>Email:ir@itiger.com</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155996171","content_text":"BEIJING, Aug. 27, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (“UP Fintech” or the “Company”) (NASDAQ: TIGR), a leading online brokerage firm focusing on global investors, today announced that it will report its financial results for the second quarter ended June 30, 2021 before the U.S. market opens on September 10, 2021.UP Fintech’s management will hold an earnings conference call at 8:00 AM on September 10, 2021, U.S. Eastern Time (8:00 PM on September 10, 2021 Beijing/Hong Kong Time).Conference Call Information:Due to the outbreak of COVID-19, operator assisted conference calls are not available at this time. All participants wishing to attend the call must preregister online before they may receive the dial-in numbers. Preregistration may require a few minutes to complete. UP Fintech would like to apologize for any inconvenience caused by not having an operator.Preregistration Information:Participants may register for the conference call by navigating to:http://apac.directeventreg.com/registration/event/3996772Once preregistration has been complete, participants will receive dial-in numbers, direct event passcode, and registrant id. The conference ID: is 3996772To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the passcode followed by your PIN, and you will join the conference instantly.A telephone replay of the call will be available after the conclusion of the conference call through September 24, 2021. Dial-in numbers for the replay are as follows:International: +61 2 8199 0299Passcode: 3996772A live and archived webcast of the conference call will be available athttps://ir.itiger.com.About UP Fintech Holding LimitedUP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses. For more information on the Company, please visit:https://ir.itiger.com.Investor Relations ContactMr. Clark S. SoucyUP Fintech Holding LimitedEmail:ir@itiger.com","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":4165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811374696,"gmtCreate":1630293306115,"gmtModify":1676530259629,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>share for coins","listText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>share for coins","text":"$NVIDIA Corp(NVDA)$share for coins","images":[{"img":"https://static.tigerbbs.com/0a7aa7ade99f98cd64d8ddef419d6274","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811374696","isVote":1,"tweetType":1,"viewCount":4600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":805794426,"gmtCreate":1627905343165,"gmtModify":1703497557165,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>So strange that pre market is so quiet today, at Tigr.","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>So strange that pre market is so quiet today, at Tigr.","text":"$Tiger Brokers(TIGR)$So strange that pre market is so quiet today, at Tigr.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805794426","isVote":1,"tweetType":1,"viewCount":4669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123949062,"gmtCreate":1624407393456,"gmtModify":1703835631907,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"Tiger has helped many enterprises with IPO.&nbsp; Keep it up!","listText":"Tiger has helped many enterprises with IPO.&nbsp; Keep it up!","text":"Tiger has helped many enterprises with IPO. Keep it up!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123949062","repostId":"129453566","repostType":1,"repost":{"id":129453566,"gmtCreate":1624382973955,"gmtModify":1703835199188,"author":{"id":"36992157811200","authorId":"36992157811200","name":"TigerBrokers","avatar":"https://static.tigerbbs.com/801219a1b6ce93d3dd574afc3dcc9be9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36992157811200","authorIdStr":"36992157811200"},"themes":[],"title":"老虎證券任分銷商助力滿幫集團赴美上市 首日開盤漲幅達16%","htmlText":"截止目前，2021年上半年IPO規模最大的中概股花落滿幫集團。美東時間6月22日，世界最大的數字貨運平臺滿幫集團成功掛牌紐交所，首日開盤漲幅達16%。老虎證券作爲滿幫集團IPO分銷商，貢獻訂單份額7.5億美元，參與認購人數達4.1萬人，“貨運第一股”IPO的市場參與度頗高。滿幫集團由“貨車幫”和“運滿滿”合併後成立。貨車幫和運滿滿分別成立於2011年和2013年，兩家公司迅速成長爲中國領先的數字貨運平臺。滿幫集團通過建立標準化的貨運交易流程，搭建了直連貨主與司機的線上數字貨運平臺，實現了貨主高效找車、司機快速找貨的功能，減少卡車空駛及配貨等待時間，全面提升公路運輸效率。截至2020年底，滿幫業務覆蓋全國超過300座城市，平臺上卡車數量達280萬，線路覆蓋超過10萬條，高度密集的全國線路網，形成巨大的網絡效應。招股書顯示，滿幫集團是世界上最大的數字貨運平臺。基於平臺上龐大的用戶基礎，老虎證券此次擔任滿幫集團赴美上市分銷商，助力發行人精準觸及美股投資圈併成功發行，在擴大公司在投資者中的知名度的同時，爲公司拓寬了投資者來源。在機構側，老虎證券也貢獻了相當份額的訂單。入局投行兩年多來，老虎證券持續領銜美股中概股承銷和分銷，與國際知名大行共登招股書封面，並數次作爲承銷團中唯一或獲配份額最多的互聯網科技投行。2020年，老虎證券承銷14宗中概股赴美上市。進入2021年，老虎擔任庫客音樂赴美上市的牽頭行主導IPO項目推進，投行能力持續加碼，並助力知乎、BOSS直聘等明星企業在美股上市。與此同時，老虎證券投行業務國際化進程取得重要進展，上半年承銷嗶哩嗶哩、汽車之家等3宗港股IPO。“赴美上市的新經濟企業對老虎證券非常信賴。對於市值50億美元以上的美股中概股項目，老虎證券投行合作覆蓋率達到100%。”老虎證券投行業務負責人表示，“大多新經濟企業都還很年輕，又是首次在海外上市，對於過程中需要避","listText":"截止目前，2021年上半年IPO規模最大的中概股花落滿幫集團。美東時間6月22日，世界最大的數字貨運平臺滿幫集團成功掛牌紐交所，首日開盤漲幅達16%。老虎證券作爲滿幫集團IPO分銷商，貢獻訂單份額7.5億美元，參與認購人數達4.1萬人，“貨運第一股”IPO的市場參與度頗高。滿幫集團由“貨車幫”和“運滿滿”合併後成立。貨車幫和運滿滿分別成立於2011年和2013年，兩家公司迅速成長爲中國領先的數字貨運平臺。滿幫集團通過建立標準化的貨運交易流程，搭建了直連貨主與司機的線上數字貨運平臺，實現了貨主高效找車、司機快速找貨的功能，減少卡車空駛及配貨等待時間，全面提升公路運輸效率。截至2020年底，滿幫業務覆蓋全國超過300座城市，平臺上卡車數量達280萬，線路覆蓋超過10萬條，高度密集的全國線路網，形成巨大的網絡效應。招股書顯示，滿幫集團是世界上最大的數字貨運平臺。基於平臺上龐大的用戶基礎，老虎證券此次擔任滿幫集團赴美上市分銷商，助力發行人精準觸及美股投資圈併成功發行，在擴大公司在投資者中的知名度的同時，爲公司拓寬了投資者來源。在機構側，老虎證券也貢獻了相當份額的訂單。入局投行兩年多來，老虎證券持續領銜美股中概股承銷和分銷，與國際知名大行共登招股書封面，並數次作爲承銷團中唯一或獲配份額最多的互聯網科技投行。2020年，老虎證券承銷14宗中概股赴美上市。進入2021年，老虎擔任庫客音樂赴美上市的牽頭行主導IPO項目推進，投行能力持續加碼，並助力知乎、BOSS直聘等明星企業在美股上市。與此同時，老虎證券投行業務國際化進程取得重要進展，上半年承銷嗶哩嗶哩、汽車之家等3宗港股IPO。“赴美上市的新經濟企業對老虎證券非常信賴。對於市值50億美元以上的美股中概股項目，老虎證券投行合作覆蓋率達到100%。”老虎證券投行業務負責人表示，“大多新經濟企業都還很年輕，又是首次在海外上市，對於過程中需要避","text":"截止目前，2021年上半年IPO規模最大的中概股花落滿幫集團。美東時間6月22日，世界最大的數字貨運平臺滿幫集團成功掛牌紐交所，首日開盤漲幅達16%。老虎證券作爲滿幫集團IPO分銷商，貢獻訂單份額7.5億美元，參與認購人數達4.1萬人，“貨運第一股”IPO的市場參與度頗高。滿幫集團由“貨車幫”和“運滿滿”合併後成立。貨車幫和運滿滿分別成立於2011年和2013年，兩家公司迅速成長爲中國領先的數字貨運平臺。滿幫集團通過建立標準化的貨運交易流程，搭建了直連貨主與司機的線上數字貨運平臺，實現了貨主高效找車、司機快速找貨的功能，減少卡車空駛及配貨等待時間，全面提升公路運輸效率。截至2020年底，滿幫業務覆蓋全國超過300座城市，平臺上卡車數量達280萬，線路覆蓋超過10萬條，高度密集的全國線路網，形成巨大的網絡效應。招股書顯示，滿幫集團是世界上最大的數字貨運平臺。基於平臺上龐大的用戶基礎，老虎證券此次擔任滿幫集團赴美上市分銷商，助力發行人精準觸及美股投資圈併成功發行，在擴大公司在投資者中的知名度的同時，爲公司拓寬了投資者來源。在機構側，老虎證券也貢獻了相當份額的訂單。入局投行兩年多來，老虎證券持續領銜美股中概股承銷和分銷，與國際知名大行共登招股書封面，並數次作爲承銷團中唯一或獲配份額最多的互聯網科技投行。2020年，老虎證券承銷14宗中概股赴美上市。進入2021年，老虎擔任庫客音樂赴美上市的牽頭行主導IPO項目推進，投行能力持續加碼，並助力知乎、BOSS直聘等明星企業在美股上市。與此同時，老虎證券投行業務國際化進程取得重要進展，上半年承銷嗶哩嗶哩、汽車之家等3宗港股IPO。“赴美上市的新經濟企業對老虎證券非常信賴。對於市值50億美元以上的美股中概股項目，老虎證券投行合作覆蓋率達到100%。”老虎證券投行業務負責人表示，“大多新經濟企業都還很年輕，又是首次在海外上市，對於過程中需要避","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129453566","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188406673,"gmtCreate":1623457390792,"gmtModify":1704204051224,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"INFLATION HISTORY","listText":"INFLATION HISTORY","text":"INFLATION HISTORY","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188406673","repostId":"1156453091","repostType":2,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://ttm.financial/m/news/1156453091?lang=en_US&edition=fundamental","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"Learning from history: the deduction and impact of soaring US inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>Learning from history: the deduction and impact of soaring US inflation</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\">\nLearning from history: the deduction and impact of soaring US inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">川阅全球宏观</strong><span class=\"h-time small\">2021-06-10 21:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">川阅全球宏观</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":6063,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188401043,"gmtCreate":1623457328182,"gmtModify":1704204047321,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"TIGER IS HERE!!!","listText":"TIGER IS HERE!!!","text":"TIGER IS HERE!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188401043","repostId":"1156453091","repostType":2,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://ttm.financial/m/news/1156453091?lang=en_US&edition=fundamental","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"Learning from history: the deduction and impact of soaring US inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>Learning from history: the deduction and impact of soaring US inflation</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\">\nLearning from history: the deduction and impact of soaring US inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">川阅全球宏观</strong><span class=\"h-time small\">2021-06-10 21:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">川阅全球宏观</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4779,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188228264,"gmtCreate":1623450581858,"gmtModify":1704203856983,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"AAA AWARDS TIGER TIGER TIGER&nbsp;","listText":"AAA AWARDS TIGER TIGER TIGER&nbsp;","text":"AAA AWARDS TIGER TIGER TIGER","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188228264","repostId":"1138970454","repostType":2,"repost":{"id":"1138970454","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623385949,"share":"https://ttm.financial/m/news/1138970454?lang=en_US&edition=fundamental","pubTime":"2021-06-11 12:32","market":"us","language":"en","title":"Tiger Broker has been honoured The Asset Triple A Sustainable Investing Awards 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1138970454","media":"Tiger Newspress","summary":"June 11/ Tiger Broker has been honoured with the following awared at The Asset Triple A Sustainable ","content":"<p>June&nbsp;11/&nbsp;Tiger Broker has been honoured with&nbsp;the&nbsp;following&nbsp;awared&nbsp;at&nbsp;The Asset Triple A Sustainable Investing Awards 2021&nbsp;for&nbsp;Institutional&nbsp;Investor,&nbsp;ETF&nbsp;and&nbsp;Asset&nbsp;Servicing&nbsp;Providers:</p><p><img src=\"https://static.tigerbbs.com/d2a1d625f288fc86245344e0a6275f6f\" tg-width=\"1096\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></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 Broker has been honoured The Asset Triple A Sustainable Investing Awards 2021</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Broker has been honoured The Asset Triple A Sustainable Investing Awards 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-11 12:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June&nbsp;11/&nbsp;Tiger Broker has been honoured with&nbsp;the&nbsp;following&nbsp;awared&nbsp;at&nbsp;The Asset Triple A Sustainable Investing Awards 2021&nbsp;for&nbsp;Institutional&nbsp;Investor,&nbsp;ETF&nbsp;and&nbsp;Asset&nbsp;Servicing&nbsp;Providers:</p><p><img src=\"https://static.tigerbbs.com/d2a1d625f288fc86245344e0a6275f6f\" tg-width=\"1096\" tg-height=\"354\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138970454","content_text":"June 11/ Tiger Broker has been honoured with the following awared at The Asset Triple A Sustainable Investing Awards 2021 for Institutional Investor, ETF and Asset Servicing Providers:","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":4857,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183920501,"gmtCreate":1623301488103,"gmtModify":1704200434113,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"Tiger Tiger Tiger&nbsp;","listText":"Tiger Tiger Tiger&nbsp;","text":"Tiger Tiger Tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183920501","repostId":"189719136","repostType":1,"repost":{"id":189719136,"gmtCreate":1623288470825,"gmtModify":1723720151455,"author":{"id":"3503452965237041","authorId":"3503452965237041","name":"美股研究社","avatar":"https://static.tigerbbs.com/a239c7906133df1f3817d0746a8a0ba1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3503452965237041","authorIdStr":"3503452965237041"},"themes":[],"title":"老虎證券股價持續拉昇，其CEO透露擬佈局數字貨幣","htmlText":"美股研究社消息，智通財經APP獲悉，6月9日(週三)，<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>&nbsp;持續拉昇，截至北京時間23：48，該股漲12%，報28.1美元，老虎證券宣佈完成650萬股ADS增發，融資1.6億美元。另外，在此前的一季報電話會議中，老虎證券CEO巫天華透露擬佈局數字貨幣。巫天華表示，最近一兩年來，數字貨幣比如比特幣已經開始逐步被一部分主流機構來接受，成爲他們資產配置的一部分。 本文來源：美股研究社，轉載請註明版權","listText":"美股研究社消息，智通財經APP獲悉，6月9日(週三)，<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>&nbsp;持續拉昇，截至北京時間23：48，該股漲12%，報28.1美元，老虎證券宣佈完成650萬股ADS增發，融資1.6億美元。另外，在此前的一季報電話會議中，老虎證券CEO巫天華透露擬佈局數字貨幣。巫天華表示，最近一兩年來，數字貨幣比如比特幣已經開始逐步被一部分主流機構來接受，成爲他們資產配置的一部分。 本文來源：美股研究社，轉載請註明版權","text":"美股研究社消息，智通財經APP獲悉，6月9日(週三)，$老虎證券(TIGR)$ 持續拉昇，截至北京時間23：48，該股漲12%，報28.1美元，老虎證券宣佈完成650萬股ADS增發，融資1.6億美元。另外，在此前的一季報電話會議中，老虎證券CEO巫天華透露擬佈局數字貨幣。巫天華表示，最近一兩年來，數字貨幣比如比特幣已經開始逐步被一部分主流機構來接受，成爲他們資產配置的一部分。 本文來源：美股研究社，轉載請註明版權","images":[{"img":"https://static.tigerbbs.com/cc41045995fd5aa4fb46bb72fa6f20ca","width":"500","height":"375"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189719136","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2096,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189001118,"gmtCreate":1623230230434,"gmtModify":1704198840147,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"Strong growth for Tiger!","listText":"Strong growth for Tiger!","text":"Strong growth for Tiger!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189001118","repostId":"1161807745","repostType":2,"repost":{"id":"1161807745","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":1623226348,"share":"https://ttm.financial/m/news/1161807745?lang=en_US&edition=fundamental","pubTime":"2021-06-09 16:12","market":"us","language":"zh","title":"Tiger Brokers announced the completion of a share issuance of up to $180 million, becoming the first company to launch online subscriptions for the share issuance.","url":"https://stock-news.laohu8.com/highlight/detail?id=1161807745","media":"老虎资讯综合","summary":"6月9日，互联网券商老虎证券宣布完成650万股ADS增发，每股发行价格为24.5美元，融资1.6亿美元。同时，公司授予承销商为期30天共计97.5万股的ADS超额配售权，如超额配售权全部行使，总募集金","content":"<p>On June 9, Tiger Brokers, an internet brokerage firm, announced the completion of a share issuance of 6.5 million ADSs at a price of $24.50 per share, raising $160 million. At the same time, the company granted the underwriters a total of 975,000 shares of ADS over a period of 30 days. If the over-allotment option is fully exercised, the total amount raised will reach US$180 million. The funds raised will be primarily used for the company's international business expansion and technology research and development. Citigroup, Morgan Stanley, and Tiger Brokers are joint bookrunners for this ADS offering.</p><p>It is worth noting that in the past, the main participants in share issuances were usually institutional investors and high-net-worth individuals, but this time Tiger Brokers is opening an online subscription channel for share issuances to ordinary investors through its self-developed trading platform Tiger Trade. This marks another innovation in lowering the threshold for retail investors to participate in listed company financing, following the company's pioneering one-click subscription for a US IPO. As Tiger Brokers' first public offering since its listing in 2019, this offering received enthusiastic subscriptions from internationally renowned institutions, and Bo Ji was oversubscribed multiple times within a single day. The price of this new share issuance is only 2.4% lower than the closing price of $25.09 on June 8, while the average discount for the first Chinese concept stock issuance since 2019 is about 5.8%, demonstrating that investors are fully optimistic about Tiger Brokers' growth prospects.</p><p>Tiger Brokers' enthusiastic pursuit of investors in the public market stems from its strong business growth. The company's number of new customers, customer assets, and net profit all reached their highest levels since its listing in Q1. Internationalization, as one of the company's key strategies, has developed rapidly, with more than half of the new deposit customers coming from overseas in the first quarter.</p><p>In Singapore, since entering the local market in the second quarter of 2020, Tiger Brokers has continuously improved its localization services, launching products such as Singapore stocks, funds, Hong Kong stock options, the US stock OTC market, and daily leveraged certificates (DLCs). The number of new clients in the first quarter of 2021 exceeded the total number for the entire previous year. In the second quarter of this year, the company continued to increase its internationalization efforts and officially entered the Australian market, establishing a differentiated competitive advantage in the local area with a one-stop investment experience of investing in Australian stocks, US and Hong Kong stocks, and star stocks anytime, anywhere with one account and one sum of money. In addition, Tiger Brokers is one of the few local brokerages that offers qualified Australian investors the opportunity to subscribe to overseas IPOs, helping local clients share in the growth dividends of global companies.</p><p>While focusing on its core brokerage business, Tiger Brokers' B-end investment banking and ESOP services have also grown rapidly. For two consecutive years, its investment banking has underwritten the most Chinese concept stocks listed in the United States, and its ESOP services have served a total of 165 corporate clients, maintaining its leading position in the incremental market.</p><p>Tiger Brokers was founded in 2014 and currently holds 33 financial licenses or qualifications in countries and regions such as the United States, Australia, and New Zealand. Previously, based on Tiger Brokers' strong first-quarter results and earnings growth prospects, China Renaissance Capital released a research report reiterating its buy rating on Tiger Brokers and raising its target price for the company to $38.50.</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 announced the completion of a share issuance of up to $180 million, becoming the first company to launch online subscriptions for the share issuance.</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 announced the completion of a share issuance of up to $180 million, becoming the first company to launch online subscriptions for the share issuance.\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\">2021-06-09 16:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 9, Tiger Brokers, an internet brokerage firm, announced the completion of a share issuance of 6.5 million ADSs at a price of $24.50 per share, raising $160 million. At the same time, the company granted the underwriters a total of 975,000 shares of ADS over a period of 30 days. If the over-allotment option is fully exercised, the total amount raised will reach US$180 million. The funds raised will be primarily used for the company's international business expansion and technology research and development. Citigroup, Morgan Stanley, and Tiger Brokers are joint bookrunners for this ADS offering.</p><p>It is worth noting that in the past, the main participants in share issuances were usually institutional investors and high-net-worth individuals, but this time Tiger Brokers is opening an online subscription channel for share issuances to ordinary investors through its self-developed trading platform Tiger Trade. This marks another innovation in lowering the threshold for retail investors to participate in listed company financing, following the company's pioneering one-click subscription for a US IPO. As Tiger Brokers' first public offering since its listing in 2019, this offering received enthusiastic subscriptions from internationally renowned institutions, and Bo Ji was oversubscribed multiple times within a single day. The price of this new share issuance is only 2.4% lower than the closing price of $25.09 on June 8, while the average discount for the first Chinese concept stock issuance since 2019 is about 5.8%, demonstrating that investors are fully optimistic about Tiger Brokers' growth prospects.</p><p>Tiger Brokers' enthusiastic pursuit of investors in the public market stems from its strong business growth. The company's number of new customers, customer assets, and net profit all reached their highest levels since its listing in Q1. Internationalization, as one of the company's key strategies, has developed rapidly, with more than half of the new deposit customers coming from overseas in the first quarter.</p><p>In Singapore, since entering the local market in the second quarter of 2020, Tiger Brokers has continuously improved its localization services, launching products such as Singapore stocks, funds, Hong Kong stock options, the US stock OTC market, and daily leveraged certificates (DLCs). The number of new clients in the first quarter of 2021 exceeded the total number for the entire previous year. In the second quarter of this year, the company continued to increase its internationalization efforts and officially entered the Australian market, establishing a differentiated competitive advantage in the local area with a one-stop investment experience of investing in Australian stocks, US and Hong Kong stocks, and star stocks anytime, anywhere with one account and one sum of money. In addition, Tiger Brokers is one of the few local brokerages that offers qualified Australian investors the opportunity to subscribe to overseas IPOs, helping local clients share in the growth dividends of global companies.</p><p>While focusing on its core brokerage business, Tiger Brokers' B-end investment banking and ESOP services have also grown rapidly. For two consecutive years, its investment banking has underwritten the most Chinese concept stocks listed in the United States, and its ESOP services have served a total of 165 corporate clients, maintaining its leading position in the incremental market.</p><p>Tiger Brokers was founded in 2014 and currently holds 33 financial licenses or qualifications in countries and regions such as the United States, Australia, and New Zealand. Previously, based on Tiger Brokers' strong first-quarter results and earnings growth prospects, China Renaissance Capital released a research report reiterating its buy rating on Tiger Brokers and raising its target price for the company to $38.50.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ede228345a888e45db951c65291e329c","relate_stocks":{"TIGR":"老虎证券"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161807745","content_text":"6月9日，互联网券商老虎证券宣布完成650万股ADS增发，每股发行价格为24.5美元，融资1.6亿美元。同时，公司授予承销商为期30天共计97.5万股的ADS超额配售权，如超额配售权全部行使，总募集金额将达到1.8亿美元。此次募得资金主要将用于公司国际化业务拓展、技术研发等用途。花旗、摩根士丹利和老虎证券共同担任此次ADS发行的联席帐簿管理人。值得注意的是，以往增发的主要参与者通常为机构和高净值人群，而此次老虎证券则通过旗下自研交易平台Tiger Trade向普通投资者开放增发在线认购通道。这是继公司首创美股IPO一键申购后，再次创新降低散户参与上市公司融资的门槛。作为老虎证券自2019年上市以来的首次公开增发，本次发行获得国际知名机构踊跃认购，薄记在一天之内获得多倍超额认购。此次增发新股定价较6月8日收盘价25.09美元，仅折让2.4%，而2019年以来中概股首次增发的平均折价约为5.8%，显示出投资者人对老虎证券成长前景的充分看好。在公开市场获得投资者热情追捧源于老虎证券业务增长强劲。公司Q1单季新增客户数、客户资产和净利润均达到上市以来最高水平。国际化作为公司重要战略之一发展迅速，一季度超过一半新增入金客户来自海外。在新加坡，老虎证券自2020年二季度进入当地市场以来，不断提升本地化服务，先后推出新加坡股、基金、港股期权、美股OTC市场、每日杠杆证书 (DLCs)等产品，2021年一季度新增客户数量已超去年全年。今年二季度，公司持续加码国际化，正式进入澳大利亚市场，凭借一个账户一笔钱、随时随地投资澳股、美港股、星股的一站式投资体验在当地建立起差异化竞争优势。此外，老虎证券也是当地少数提供澳洲合格投资人申购海外新股的券商之一，助力当地客户分享全球公司成长红利。在聚焦经纪主业的同时，老虎证券B端投行及ESOP服务同样快速增长，投行连续两年蝉联承销最多中概股赴美上市，ESOP累计服务165家企业客户，持续保持增量市场领导者地位。老虎证券成立于2014年，目前在美国、澳大利亚、新西兰等国家及地区共获33张金融牌照或资质。此前，基于老虎证券强劲的一季度业绩和盈利增长前景，华兴资本发布研报重申对老虎证券的买入评级，并上调公司目标价至38.5美元。","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":2617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116539526,"gmtCreate":1622810348965,"gmtModify":1704191600483,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"Just to share&nbsp;","listText":"Just to share&nbsp;","text":"Just to share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116539526","repostId":"344321601","repostType":1,"repost":{"id":344321601,"gmtCreate":1618378346403,"gmtModify":1704709903404,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"Tiger brokers 2021","htmlText":"Basically tiger brokers earn money from (I) commission from trading as well as settlement fees,&nbsp;(ii) services rendered in connection with IPO, (iii) services from ESOS, (iv) margin financing income and (v) income from excess funds residing in its accounts.&nbsp; 1Q2021 saw the GameStop saga where robinhood and other trading platform like etoro&nbsp;recorded a big jump in account opening. Isn't it a coincide that tiger's ceo&nbsp;expects that around 340,000 new funded accounts will be added to tiger existing 250,000 funded accounts. This is like 150 percent increase. Logically speaking, given my past financial background, the assumption would be the same 45,000 account opening for 2q to 4q2021 to be conservative. This leaves around 200,000 new accounts to be opened in 1q2021. Didn't t","listText":"Basically tiger brokers earn money from (I) commission from trading as well as settlement fees,&nbsp;(ii) services rendered in connection with IPO, (iii) services from ESOS, (iv) margin financing income and (v) income from excess funds residing in its accounts.&nbsp; 1Q2021 saw the GameStop saga where robinhood and other trading platform like etoro&nbsp;recorded a big jump in account opening. Isn't it a coincide that tiger's ceo&nbsp;expects that around 340,000 new funded accounts will be added to tiger existing 250,000 funded accounts. This is like 150 percent increase. Logically speaking, given my past financial background, the assumption would be the same 45,000 account opening for 2q to 4q2021 to be conservative. This leaves around 200,000 new accounts to be opened in 1q2021. Didn't t","text":"Basically tiger brokers earn money from (I) commission from trading as well as settlement fees, (ii) services rendered in connection with IPO, (iii) services from ESOS, (iv) margin financing income and (v) income from excess funds residing in its accounts. 1Q2021 saw the GameStop saga where robinhood and other trading platform like etoro recorded a big jump in account opening. Isn't it a coincide that tiger's ceo expects that around 340,000 new funded accounts will be added to tiger existing 250,000 funded accounts. This is like 150 percent increase. Logically speaking, given my past financial background, the assumption would be the same 45,000 account opening for 2q to 4q2021 to be conservative. This leaves around 200,000 new accounts to be opened in 1q2021. Didn't t","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344321601","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1990,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":811374696,"gmtCreate":1630293306115,"gmtModify":1676530259629,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>share for coins","listText":"<a href=\"https://laohu8.com/S/NVDA\">$NVIDIA Corp(NVDA)$</a>share for coins","text":"$NVIDIA Corp(NVDA)$share for coins","images":[{"img":"https://static.tigerbbs.com/0a7aa7ade99f98cd64d8ddef419d6274","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811374696","isVote":1,"tweetType":1,"viewCount":4600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":482937639191312,"gmtCreate":1758935287184,"gmtModify":1758935289533,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/OPT/TSLA 20250926 462.5 CALL\">$TSLA 20250926 462.5 CALL$ </a>..","listText":"<a href=\"https://ttm.financial/OPT/TSLA 20250926 462.5 CALL\">$TSLA 20250926 462.5 CALL$ </a>..","text":"$TSLA 20250926 462.5 CALL$ ..","images":[{"img":"https://community-static.tradeup.com/news/bf4cb57d9894d4f76ea40de567388fbb","width":"894","height":"1564"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/482937639191312","isVote":1,"tweetType":1,"viewCount":3440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":520410721805328,"gmtCreate":1768101668171,"gmtModify":1768101671359,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$&nbsp;</a> ...Intel","listText":"<a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$&nbsp;</a> ...Intel","text":"$Intel(INTC)$ ...Intel","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/520410721805328","isVote":1,"tweetType":1,"viewCount":2826,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188406673,"gmtCreate":1623457390792,"gmtModify":1704204051224,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"INFLATION HISTORY","listText":"INFLATION HISTORY","text":"INFLATION HISTORY","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188406673","repostId":"1156453091","repostType":2,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://ttm.financial/m/news/1156453091?lang=en_US&edition=fundamental","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"Learning from history: the deduction and impact of soaring US inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>Learning from history: the deduction and impact of soaring US inflation</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\">\nLearning from history: the deduction and impact of soaring US inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">川阅全球宏观</strong><span class=\"h-time small\">2021-06-10 21:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">川阅全球宏观</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":6063,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":615897086771712,"gmtCreate":1791346291448,"gmtModify":1791346293018,"author":{"id":"3569873224808379","authorId":"3569873224808379","name":"Mega1314","avatar":"https://community-static.tradeup.com/news/65ebf307119fb76015f75cd099624f15","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569873224808379","authorIdStr":"3569873224808379"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$ </a> .","listText":"<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$ </a> .","text":"$Microsoft(MSFT)$ 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