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山那边的英英子
2022-11-29
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data-views=\"1\"></v-v>","text":"$Walt Disney(DIS)$","images":[{"img":"https://community-static.tradeup.com/news/02f249780ea1a4924752b823aa08248c","width":"1125","height":"2688"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969316170","isVote":1,"tweetType":1,"viewCount":4794,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9960706805,"gmtCreate":1668241020307,"gmtModify":1676538033501,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581939067431343","authorIdStr":"3581939067431343"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/DIS\">$Walt Disney(DIS)$ </a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/DIS\">$Walt Disney(DIS)$ </a><v-v data-views=\"1\"></v-v>","text":"$Walt Disney(DIS)$","images":[{"img":"https://community-static.tradeup.com/news/e4103105003348b04774c5ea8aceb558","width":"1125","height":"2688"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9960706805","isVote":1,"tweetType":1,"viewCount":1478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9960115417,"gmtCreate":1668094259040,"gmtModify":1676538012132,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581939067431343","authorIdStr":"3581939067431343"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/U\">$Unity Software Inc.(U)$ </a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/U\">$Unity Software Inc.(U)$ </a><v-v data-views=\"1\"></v-v>","text":"$Unity Software Inc.(U)$","images":[{"img":"https://community-static.tradeup.com/news/6d138e927c34bc989fcdee0fdc1fa4e4","width":"1125","height":"2472"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9960115417","isVote":1,"tweetType":1,"viewCount":1522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9987763659,"gmtCreate":1667998139271,"gmtModify":1676537996285,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581939067431343","authorIdStr":"3581939067431343"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/DIS\">$Walt Disney(DIS)$ </a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/DIS\">$Walt Disney(DIS)$ </a><v-v data-views=\"1\"></v-v>","text":"$Walt 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Top Tech Stocks to Buy for This Important Reason","htmlText":"Investing in cash-rich companies is a smart strategy during bear markets.Microsoft (MSFT) and Texas Instruments (TXN) are two tech firms that have been around for decades and successfully navigated several downturns. The important reason these companies keep going is their combination of industry leadership and financial strength.With the stocks of Microsoft and TI down 34% and 16%, respectively, year to date, the market dip presents an excellent opportunity to invest in these leaders at attractive valuations. Let's look at where Microsoft and TI are investing to drive long-term growth.Microsoft is on offenseDominant Microsoft has seen its share price fall 34% year to date. The software giant reported stable growth in its latest earnings report. Revenue w","listText":"Investing in cash-rich companies is a smart strategy during bear markets.Microsoft (MSFT) and Texas Instruments (TXN) are two tech firms that have been around for decades and successfully navigated several downturns. The important reason these companies keep going is their combination of industry leadership and financial strength.With the stocks of Microsoft and TI down 34% and 16%, respectively, year to date, the market dip presents an excellent opportunity to invest in these leaders at attractive valuations. Let's look at where Microsoft and TI are investing to drive long-term growth.Microsoft is on offenseDominant Microsoft has seen its share price fall 34% year to date. The software giant reported stable growth in its latest earnings report. Revenue w","text":"Investing in cash-rich companies is a smart strategy during bear markets.Microsoft (MSFT) and Texas Instruments (TXN) are two tech firms that have been around for decades and successfully navigated several downturns. The important reason these companies keep going is their combination of industry leadership and financial strength.With the stocks of Microsoft and TI down 34% and 16%, respectively, year to date, the market dip presents an excellent opportunity to invest in these leaders at attractive valuations. Let's look at where Microsoft and TI are investing to drive long-term growth.Microsoft is on offenseDominant Microsoft has seen its share price fall 34% year to date. The software giant reported stable growth in its latest earnings report. 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11:10","market":"us","language":"en","title":"The 7 Best Tech Stocks to Buy in November","url":"https://stock-news.laohu8.com/highlight/detail?id=1148576482","media":"InvestorPlace","summary":"These best tech stocks to buy all feature low risk and deep discounts.Nvidia(NVDA): Shares appear si","content":"<div>\n<p>These best tech stocks to buy all feature low risk and deep discounts.Nvidia(NVDA): Shares appear significantly undervalued following a steep sell-off.Adobe(ADBE): Its income-statement performance is ...</p>\n\n<a href=\"https://investorplace.com/best-tech-stocks/\">Source Link</a>\n\n</div>\n","source":"investorplace","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>The 7 Best Tech Stocks to Buy in November</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\">\nThe 7 Best Tech Stocks to Buy in November\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 11:10 GMT+8 <a href=https://investorplace.com/best-tech-stocks/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These best tech stocks to buy all feature low risk and deep discounts.Nvidia(NVDA): Shares appear significantly undervalued following a steep sell-off.Adobe(ADBE): Its income-statement performance is ...</p>\n\n<a href=\"https://investorplace.com/best-tech-stocks/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","LRCX":"拉姆研究","INTC":"英特尔","ADBE":"Adobe","NVDA":"英伟达","NXPI":"恩智浦","AMAT":"应用材料"},"source_url":"https://investorplace.com/best-tech-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148576482","content_text":"These best tech stocks to buy all feature low risk and deep discounts.Nvidia(NVDA): Shares appear significantly undervalued following a steep sell-off.Adobe(ADBE): Its income-statement performance is impressive.Intel(INTC): Shares look compelling at this deeply discounted price.Taiwan Semiconductor(TSM): It’s a profit-generating machine.Applied Materials(AMAT): Its returns on equity and assets are among the best in the chip industry.Lam Research(LRCX): Its ROE and ROA are even better than those of Applied Materials.NXP Semiconductors(NXPI): It’s perhaps the riskiest of the bunch but may offer greater rewards.Tech stocks have suffered disproportionately in the current bear market, as they tend to do in every bear market. But the bullish long-term bias of the market tells us that stocks will almost certainly resume their uptrend. When they do, nearly all tech stocks should bounce to some extent, but the best tech stocks could soar.Historically, the broader market tends to perform well during the November-to-April timespan. Of course, this is no guarantee for success. Still, it adds a powerful backdrop for those looking to put capital to work in one of the more speculative sectors of the market.In searching for the best tech stocks to buy, we’re sticking with financial data. Leveraging the analytical tools ofGuruFocus.com, the below equities all feature fundamentally low risk and discounted prices.Here are the best tech stocks to buy in November.Nvidia (NVDA)A multinational technology firm, Nvidia(NASDAQ:NVDA) primarily garnered attention through its specialty in graphics processing units. However, the company also made significant investments in deep learning and protocols involving artificial intelligence. Currently, the company commands a market capitalization of $345 billion. On a year-to-date basis, NVDA is down 53%.Despite the steep losses, contrarian investors should consider gradually picking up shares.GuruFocus utilizes proprietary calculations to determine that NVDA stock is significantly undervalued. Based on more traditional metrics, Nvidia features excellent income-statement performance figures. For instance, the company’s three-year revenue growth rate stands at 31.3%. Its book growth rate during the aforementioned period hit 40.2%. Both stats rank at least near the 90th percentile for the industry. On the bottom line, Nvidia carries a net margin of 26%. This ranks above 87% of the competition.To top it off, NVDA is tethered to a strong balance sheet. Mainly, its Altman Z-Score is a lofty 12 points, reflecting extremely low bankruptcy risk. Thus, NVDA easily ranks among the best tech stocks to buy in November.Adobe (ADBE)Adobe(NASDAQ:ADBE) is a software company that mainly aligns with creatives. Historically, it’s known for the creation and publication of a wide range of content, including graphics, photography, illustration, animation, multimedia/video, motion pictures and print. Currently, Adobe carries a market cap of $151 billion after slipping 43% year to date.Again, based onGuruFocus’proprietary metrics, Adobe rates as significantly undervalued. One traditional metric regarding valuation to consider is its price-earnings-growth ratio of 1.09. This rates favorably below the industry median of 1.4 times.However, Adobe draws the most attention for its income statement-related performance. For example, the company’s three-year revenue growth rate and free cash flow growth rate stand at 21.9% and 23.7%, respectively. Both figures rank conspicuously above sector averages.On the bottom line, Adobe carries a net margin of 28%, well above the industry median of 1.9%. Throw in a stable balance sheet and you have another solid candidate for best tech stocks to buy in November.Intel (INTC)One of the powerhouses in the semiconductor industry, Intel(NASDAQ:INTC) represents the world’s second-largest semiconductor chip manufacturer by revenue. Per its corporate profile, it’s also one of the developers of the x86 series of instruction sets, the instruction sets found in most personal computers. Presently, INTC commands a market cap of $119 billion and is down 44% for the year.Despite sharp losses, INTC is among the best tech stocks to buy in November. Notably, INTC is significantly undervalued based on traditional metrics. Its forward P/E ratio is 10.1, below the industry median of 13.7. Also, its Shiller P/E ratio is 7.6, below the sector median of nearly 24.On the income statement, Intel features an overall solid profile. Its three-year book growth rate stands at 12.4%, above 61.5% of the competition. For net margin, it hit 26%, better than 87% of its peers.Taiwan Semiconductor (TSM)A multinational semiconductor firm, Taiwan Semiconductor (NYSE:TSM) represents the world’s most valuable semiconductor company, the world’s largest dedicated independent semiconductor foundry, and one of Taiwan’s largest companies, per its public profile. Presently, TSM commands a market cap of nearly $322 billion and is down 48% year to date.Despite the severe erosion of equity value, TSM ranks among the best tech stocks to buy in November for contrarians. PerGuruFocus, TSM is significantly undervalued. The company’s forward P/E ratio is 10.9 is below the industry median of 13.7. Also, its price-to-owner earnings ratio is 10.5, below the industry median of 16.1.Primarily, though, TSM is all about its profitability machine. Gross, operating and net margins hit 55%, 44.7% and 40.6% respectively. Each of these metrics was well above sector median levels. As well, TSM enjoys solid growth figures, with its three-year revenue growth rate coming in at 15.5%. This ranks above 68.5% of the competition.Applied Materials (AMAT)Applied Materials(NASDAQ:AMAT) represents the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world, per its website. Currently, Applied Materials features a market cap of $77 billion, and the stock is down 43% year to date.PerGuruFocus, AMAT stock is significantly undervalued. A notable standout in terms of traditional metrics is its PEG ratio of 0.56. This ranks favorably below the industry median of 0.75.Primarily, though, Applied Materials will likely draw attention as one of the best tech stocks to buy in November because of its high-quality business. Specifically, the company’s return on equity and return on assets hit 55.5% and 26.1%, respectively. Both stats rank among the upper echelons of the semiconductor industry.To top it off, AMAT features a stable balance sheet. Most prominently, its Altman Z-Score of 7.5 implies low bankruptcy risk.Lam Research (LRCX)Lam Research(NASDAQ:LRCX) is an American supplier of wafer fabrication equipment and related services to the semiconductor industry. Currently, the company carries a market cap of slightly over $55 billion after falling 44% year to date. The stock’s average daily volume is approximately 1.9 million shares.Fundamentally, the case for LRCX as one of the top tech stocks to buy in November is two-fold. First, Lam represents a high-quality business. Its return on equity is a blistering 75.8%. That’s above 99% of the semiconductor industry. As well, the company’s return on assets hit 28.6%, ranking above 97% of its peers.Second, Lam enjoys outstanding sales-related performance. For example, its three-year revenue growth rate is 26.6%, better than 84% of the competition. As well, the company’s book growth rate during the same period is 11.9%, better than nearly 60% of its rivals.NXP Semiconductors (NXPI)Netherlands-based NXP Semiconductors(NASDAQ:NXPI) is a semiconductor designer and manufacturer. After falling 33% this year, it has a market cap of roughly $40 billion. Average trading volume is around 2.1 million shares a day.Interestingly, the YTD performance makes NXP one of the better-performing semiconductor firms. However, that’s not the reason why it’s on this list of best tech stocks to buy in November. Fundamentally, the stock is significantly undervalued based on proprietary calculations. And its forward P/E ratio of 10.6 is below the industry median of 13.7 times.The company enjoys substantive profitability margins, including an operating margin of 27%, which ranks above 84% of its peers. It’s also a high-quality business with a return on equity of nearly 36%.About the one glaring risk factor is balance sheet stability. Its Altman Z-Score pings at 2.4, which is in a gray zone. 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Disney(DIS)$","images":[{"img":"https://community-static.tradeup.com/news/507c48812b397184e45a9b473109bc3d","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9912429757","isVote":1,"tweetType":1,"viewCount":1090,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9915134939,"gmtCreate":1664979932721,"gmtModify":1676537538804,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/DIS\">$Walt Disney(DIS)$</a>View on Walt Disney(DIS)BullishBearish","listText":"<a href=\"https://ttm.financial/S/DIS\">$Walt Disney(DIS)$</a>View on Walt 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Disney(DIS)BullishBearish","images":[{"img":"https://community-static.tradeup.com/news/d45b145ff698270b21c725eac8c797be","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9915134939","isVote":1,"tweetType":1,"viewCount":1221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9934079079,"gmtCreate":1663166723092,"gmtModify":1676537218380,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"title":"","htmlText":"Hu","listText":"Hu","text":"Hu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9934079079","repostId":"1159676379","repostType":4,"repost":{"id":"1159676379","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":1663163318,"share":"https://ttm.financial/m/news/1159676379?lang=en_US&edition=fundamental","pubTime":"2022-09-14 21:48","market":"us","language":"en","title":"Energy Stocks Gained in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1159676379","media":"Tiger Newspress","summary":"Energy stocks gained in morning trading. Occidental, Chevron, BP, Halliburton, Callon and Exxon Mobi","content":"<html><head></head><body><p>Energy stocks gained in morning trading. Occidental, Chevron, BP, Halliburton, Callon and Exxon Mobil rose between 1% and 7%.<img src=\"https://static.tigerbbs.com/96c18de0327cf0b735f8ae6b3a6c83b8\" tg-width=\"433\" tg-height=\"424\" width=\"100%\" height=\"auto\"/></p></body></html>","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>Energy Stocks Gained in Morning Trading</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\">\nEnergy Stocks Gained in Morning Trading\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\">2022-09-14 21:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Energy stocks gained in morning trading. Occidental, Chevron, BP, Halliburton, Callon and Exxon Mobil rose between 1% and 7%.<img src=\"https://static.tigerbbs.com/96c18de0327cf0b735f8ae6b3a6c83b8\" tg-width=\"433\" tg-height=\"424\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVX":"雪佛龙","OXY":"西方石油"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159676379","content_text":"Energy stocks gained in morning trading. Occidental, Chevron, BP, Halliburton, Callon and Exxon Mobil rose between 1% and 7%.","news_type":1,"symbols_score_info":{"OXY":0.9,"CVX":0.9}},"isVote":1,"tweetType":1,"viewCount":1185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890819418,"gmtCreate":1628090964334,"gmtModify":1703501141737,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"title":"","htmlText":" z","listText":" z","text":"z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/890819418","repostId":"1167639340","repostType":4,"repost":{"id":"1167639340","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":1628088005,"share":"https://ttm.financial/m/news/1167639340?lang=en_US&edition=fundamental","pubTime":"2021-08-04 22:40","market":"us","language":"zh","title":"Boeing shares surged during trading; the 737 Max will undergo certification testing in China.","url":"https://stock-news.laohu8.com/highlight/detail?id=1167639340","media":"老虎资讯综合","summary":"周三盘中，波音直线拉升， 抹去日内跌幅。消息面上，波音一架737 Max客机即将启程前往中国接受认证测试。","content":"<p>During trading on Wednesday,<a href=\"https://laohu8.com/S/BA\">boeing</a>The price surged sharply, erasing the intraday decline. In terms of news, a Boeing 737 Max passenger plane is about to depart for China for certification testing.</p><p><img src=\"https://static.tigerbbs.com/295b33f8b1062f660ebe38937b8dc87d\" tg-width=\"840\" tg-height=\"470\" 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>Boeing shares surged during trading; the 737 Max will undergo certification testing in China.</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\">\nBoeing shares surged during trading; the 737 Max will undergo certification testing in China.\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\">2021-08-04 22:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>During trading on Wednesday,<a href=\"https://laohu8.com/S/BA\">boeing</a>The price surged sharply, erasing the intraday decline. In terms of news, a Boeing 737 Max passenger plane is about to depart for China for certification testing.</p><p><img src=\"https://static.tigerbbs.com/295b33f8b1062f660ebe38937b8dc87d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/02346726093e06d899a1879905b1c340","relate_stocks":{"BA":"波音"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167639340","content_text":"周三盘中，波音直线拉升， 抹去日内跌幅。消息面上，波音一架737 Max客机即将启程前往中国接受认证测试。","news_type":1,"symbols_score_info":{"BA":0.9}},"isVote":1,"tweetType":1,"viewCount":1123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159211634,"gmtCreate":1624969670228,"gmtModify":1703849034988,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"title":"","htmlText":"b","listText":"b","text":"b","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/159211634","repostId":"1100369453","repostType":4,"repost":{"id":"1100369453","kind":"news","pubTimestamp":1624964887,"share":"https://ttm.financial/m/news/1100369453?lang=en_US&edition=fundamental","pubTime":"2021-06-29 19:08","market":"us","language":"zh","title":"Why does the market generally interpret the Federal Reserve as \"hawkish\" when it holds rates steady?","url":"https://stock-news.laohu8.com/highlight/detail?id=1100369453","media":"海银财富","summary":"摘要：\n北京时间6月17日，美联储公布6月议息会议声明，美联储选择按兵不动，符合预期。但鸽派的背后，我们认为此次会议更偏 “鹰派”。具体体现为：上调经济增速预期，上调利率走廊区间，及点阵图隐含美联储2","content":"<p><b>Abstract:</b></p><p>On June 17, Beijing time, the Federal Reserve released its June interest rate meeting statement, indicating that the Fed chose to hold rates steady, in line with expectations. But behind the dovish stance, we believe this meeting is more \"hawkish\". Specifically, this is reflected in: raising economic growth forecasts, raising the Interest Rate Corridor range, and the dot plot implying the possibility that the Federal Reserve will rate hike ahead of schedule in 2023.</p><p>Regarding QE tapering, we expect the Federal Reserve to likely begin formal discussions on specific plans to taper bond purchases at its September meeting and officially announce them at its December meeting. Starting in January 2022, the scale of bond purchases was gradually reduced, and QE was completely exited at the last meeting in December 2022. Regarding interest rates, we expect the Federal Reserve to begin charging interest rates at least twice in mid-2023.</p><p>However, it cannot be ruled out that if future inflation exceeds the Fed's tolerance range, the Fed may choose to rate hike earlier. At that time, the US dollar will strengthen, international capital will accelerate its return to the US market, and emerging market countries may face a triple whammy of stocks, bonds, and currencies.</p><p><b>The Federal Reserve's June policy meeting remained largely unchanged.</b></p><p>On June 17, Beijing time, the Federal Reserve released a statement regarding its June interest rate meeting. Overall, the previous monetary policy decision remained unchanged, in line with expectations. The target federal funds rate will be maintained within the 0%-0.25% range, and the monthly asset purchase volume of $120 billion will remain unchanged ($80 billion in Treasury Bond and $40 billion in MBS). However, the excess reserve rate (IOER) and the overnight reverse repo rate (ONRRP) ranges were raised by 5 basis points to 0.05%-0.15%.</p><p><b>However, their attitude is more hawkish.</b></p><p>This meeting marks the first time the Federal Reserve has released a clear signal of a hawkish turn since its \"dovish\" stance last March. This is particularly reflected in the upward adjustment of IOER and ONRRP, and a more positive economic statement. Here are three key changes at this interest rate meeting:</p><p><b>1. Adjust economic data expectations</b></p><p>The Federal Reserve raised its economic growth forecast. Compared with the previous meeting, the contribution of vaccines to the recovery from the epidemic was emphasized, and confidence in economic recovery was significantly enhanced. At this meeting, the Federal Reserve raised its 2021 growth forecast by 0.5% to 7%. the statement indicated that \"progress in vaccination has reduced the spread of the pandemic in the United States.\" the April statement further stated that \"the pandemic has caused tremendous hardship to the economy globally.\" Powell also indicated at a subsequent press conference that the U.S. economy may experience a strong recovery this year. He stated, \"Widespread vaccination efforts, along with unprecedented fiscal policy actions, have also provided strong support for the recovery. Economic activity and employment indicators continue to strengthen, and real GDP this year appears poised for its fastest growth rate in decades.\"</p><p>Inflation expectations were raised, exceeding market expectations. The statement clearly indicated that inflation levels were rising, while Powell acknowledged that inflation may be higher and last longer than expected. The Federal Reserve adjusted its 2021 PCE forecast to 3.4%, a significant increase of 1 percentage point from the previous value, and also adjusted its core PCE forecast to 3%, from only 2.2% in the previous value.</p><p>The unemployment rate remained unchanged overall. The Federal Reserve's description of job growth remains unchanged: \"have strengthened.\" Expectations for the future unemployment rate remain almost unchanged from before.</p><p>Chart 1 Federal Reserve Economic Data Forecast<img src=\"https://static.tigerbbs.com/46692bf745f5d8081a04bc48ebbec920\" tg-width=\"1080\" tg-height=\"482\" referrerpolicy=\"no-referrer\">Data source: Federal Reserve, Haiyin Research Institute</p><p><b>2. The dot plot shows that rate hike may occur twice in 2023.</b></p><p>Regarding interest rates, the dot plot implies the possibility of an early rate hike, with at least two rate hike expected in 2023. Referring to the dot plot reflecting the Federal Reserve's future interest rate policy, it can be seen that Fed officials generally believed at their March meeting that the zero interest rate policy would be maintained at least until the end of 2023. The dot plot of this meeting has changed significantly. The dot plot of the June meeting showed that most officials predicted that rate hike might take place ahead of schedule in 2023, and even the number of officials predicting rate hike in 2022 has increased significantly compared to March. In addition, the central interest rate forecast for 2023 has risen from 0.1% in March to 0.6%, meaning that the Federal Reserve may conduct at least two rate hike operations in 2023.</p><p>Chart 2 Dot plot of the Federal Reserve's March 2021 FOMC meeting<img src=\"https://static.tigerbbs.com/253e6288953039316f74da201a5e5801\" tg-width=\"592\" tg-height=\"500\" referrerpolicy=\"no-referrer\">Data source: FED, Haiyin Research Institute</p><p>Chart 3 Dot plot of the Federal Reserve's June 2021 FOMC meeting<img src=\"https://static.tigerbbs.com/24c0102ef21f3d404bee85b60a5ce06c\" tg-width=\"595\" tg-height=\"492\" referrerpolicy=\"no-referrer\">Data source: FED, Haiyin Research Institute</p><p>3. Raise the Interest Rate Corridor range</p><p>The Federal Reserve has raised its Interest Rate Corridor range, increasing the excess reserve rate IOER and the overnight reverse repo rate ONRRP (the upper and lower limits of the Interest Rate Corridor, respectively) from 0%-0.1% to 0.05%-0.15% to support effective policy implementation and the smooth operation of the short-term dollar financing market.</p><p>Chart 4: Federal Reserve Raises Interest Rate Corridor Range<img src=\"https://static.tigerbbs.com/636f63e08baab3e9a99836bbf1f2dd53\" tg-width=\"994\" tg-height=\"568\" referrerpolicy=\"no-referrer\">Data source: Wind, Haiyin Research Institute</p><p>Overall, although the Federal Reserve did not release a Taper signal in advance at this meeting, and Powell emphasized that future interest rate trends cannot be predicted using dot plots, stating that it is too early to talk about rate hike, in order to reassure the market. However, judging from the specific content, whether it is the upward revision of economic growth forecasts, the upward revision of the Interest Rate Corridor range, or the predictions of Federal Reserve officials on the dot plot, the possibility of rate hike in advance to control persistently high inflation cannot be ruled out.</p><p><b>Predictions of when the Federal Reserve might taper QE and rate hike:</b></p><p><b>Job recovery is key</b></p><p>Regarding QE tapering, the degree of employment recovery is a key factor in determining when the Federal Reserve will Taper. If the employment recovery continues to be strong in the coming months, the Federal Reserve will begin discussing a QE tapering plan. In any case, if employment recovery falls short of expectations, the Federal Reserve may choose to remain on the sidelines until employment returns to its desired level.</p><p>Chart 5: US employment recovery is currently weaker than expected, and the Federal Reserve will remain unchanged in the short term.<img src=\"https://static.tigerbbs.com/23604df788b57dbe0ce299e66f30e2cb\" tg-width=\"1080\" tg-height=\"590\" referrerpolicy=\"no-referrer\">Data source: Wind, Haiyin Research Institute</p><p>Based on the Federal Reserve's experience in normalizing monetary policy in 2013, the Fed is very likely to begin formal discussions on specific plans to reduce bond purchases at its September meeting and officially announce them at its December meeting. Based on the current monthly bond purchase volume of $120 billion, it is expected to reduce the bond purchase volume by $15 billion each time, gradually reducing the bond purchase volume starting in January 2022, and completely exiting QE at the last meeting in December 2022.</p><p>Chart 6 We expect this round of QE to end at the end of 2022.</p><p><img src=\"https://static.tigerbbs.com/b754a7f635b7d0d6b0b1f48566708cb0\" tg-width=\"1061\" tg-height=\"728\" referrerpolicy=\"no-referrer\">Data source: Wind, Haiyin Research Institute</p><p>From rate hike. rate hike typically occur after quantitative easing (QE) ends. If QE ends at the end of 2022, the Federal Reserve is likely to begin discussing rate hike as early as early 2023 and begin at least two rate hike around mid-2023.</p><p>The 7-dot plot shows that the Federal Reserve is likely to rate hike at least twice in 2023.<img src=\"https://static.tigerbbs.com/e771012b3c148ff52d20755cd91e3944\" tg-width=\"595\" tg-height=\"492\" referrerpolicy=\"no-referrer\">Data source: FED, Haiyin Research Institute</p><p><b>Be wary of a sharp rise in inflation.</b></p><p><b>Possibility of Fed rate hike ahead of schedule</b></p><p>Against the backdrop of a continuously improving pandemic, massive fiscal stimulus in the United States and the rapid repair of the US output gap have increased recent inflationary pressures in the United States. Wind data shows that the PCE inflation indicator, which the Federal Reserve refers to when formulating monetary policy, rose 3.58% year-on-year in April, the highest level since 2008.</p><p>As the US economy further recovers in the future, inflationary pressures in the US will increase further in the second half of the year. According to Bloomberg's forecast, inflation in the United States will peak in the second quarter and then gradually decline in the third quarter. However, inflationary pressures will remain throughout the year and will remain above the 3% level.</p><p>Be wary of the impact of premature rate hike on emerging market countries. At this meeting, the Federal Reserve reiterated that it would allow inflation to be slightly above 2% for a period of time, and expressed some expectations that inflation levels might persist for a longer period and grow faster. However, it cannot be ruled out that if future inflation exceeds the Federal Reserve's tolerance range, it may prompt the Fed to choose an earlier rate hike. At that time, the US dollar will strengthen, international capital will accelerate its return to the US market, and emerging market countries may face a triple whammy of stocks, bonds, and currencies. Emerging market countries may have to continue rate hike to cope with potential capital outflow pressures. If countries with poor epidemic prevention and control, such as India, choose rate hike, it will undoubtedly be an added blow to countries that need a low-interest-rate environment to stimulate economic recovery.</p><p>Chart 8: US inflation is expected to decline in the third quarter, but will still be above 3%.</p><p><img src=\"https://static.tigerbbs.com/6a6053ec35be961844988688c521dd54\" tg-width=\"1048\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1614591202325","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why does the market generally interpret the Federal Reserve as \"hawkish\" when it holds rates steady?</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\">\nWhy does the market generally interpret the Federal Reserve as \"hawkish\" when it holds rates steady?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">海银财富</strong><span class=\"h-time small\">2021-06-29 19:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Abstract:</b></p><p>On June 17, Beijing time, the Federal Reserve released its June interest rate meeting statement, indicating that the Fed chose to hold rates steady, in line with expectations. But behind the dovish stance, we believe this meeting is more \"hawkish\". Specifically, this is reflected in: raising economic growth forecasts, raising the Interest Rate Corridor range, and the dot plot implying the possibility that the Federal Reserve will rate hike ahead of schedule in 2023.</p><p>Regarding QE tapering, we expect the Federal Reserve to likely begin formal discussions on specific plans to taper bond purchases at its September meeting and officially announce them at its December meeting. Starting in January 2022, the scale of bond purchases was gradually reduced, and QE was completely exited at the last meeting in December 2022. Regarding interest rates, we expect the Federal Reserve to begin charging interest rates at least twice in mid-2023.</p><p>However, it cannot be ruled out that if future inflation exceeds the Fed's tolerance range, the Fed may choose to rate hike earlier. At that time, the US dollar will strengthen, international capital will accelerate its return to the US market, and emerging market countries may face a triple whammy of stocks, bonds, and currencies.</p><p><b>The Federal Reserve's June policy meeting remained largely unchanged.</b></p><p>On June 17, Beijing time, the Federal Reserve released a statement regarding its June interest rate meeting. Overall, the previous monetary policy decision remained unchanged, in line with expectations. The target federal funds rate will be maintained within the 0%-0.25% range, and the monthly asset purchase volume of $120 billion will remain unchanged ($80 billion in Treasury Bond and $40 billion in MBS). However, the excess reserve rate (IOER) and the overnight reverse repo rate (ONRRP) ranges were raised by 5 basis points to 0.05%-0.15%.</p><p><b>However, their attitude is more hawkish.</b></p><p>This meeting marks the first time the Federal Reserve has released a clear signal of a hawkish turn since its \"dovish\" stance last March. This is particularly reflected in the upward adjustment of IOER and ONRRP, and a more positive economic statement. Here are three key changes at this interest rate meeting:</p><p><b>1. Adjust economic data expectations</b></p><p>The Federal Reserve raised its economic growth forecast. Compared with the previous meeting, the contribution of vaccines to the recovery from the epidemic was emphasized, and confidence in economic recovery was significantly enhanced. At this meeting, the Federal Reserve raised its 2021 growth forecast by 0.5% to 7%. the statement indicated that \"progress in vaccination has reduced the spread of the pandemic in the United States.\" the April statement further stated that \"the pandemic has caused tremendous hardship to the economy globally.\" Powell also indicated at a subsequent press conference that the U.S. economy may experience a strong recovery this year. He stated, \"Widespread vaccination efforts, along with unprecedented fiscal policy actions, have also provided strong support for the recovery. Economic activity and employment indicators continue to strengthen, and real GDP this year appears poised for its fastest growth rate in decades.\"</p><p>Inflation expectations were raised, exceeding market expectations. The statement clearly indicated that inflation levels were rising, while Powell acknowledged that inflation may be higher and last longer than expected. The Federal Reserve adjusted its 2021 PCE forecast to 3.4%, a significant increase of 1 percentage point from the previous value, and also adjusted its core PCE forecast to 3%, from only 2.2% in the previous value.</p><p>The unemployment rate remained unchanged overall. The Federal Reserve's description of job growth remains unchanged: \"have strengthened.\" Expectations for the future unemployment rate remain almost unchanged from before.</p><p>Chart 1 Federal Reserve Economic Data Forecast<img src=\"https://static.tigerbbs.com/46692bf745f5d8081a04bc48ebbec920\" tg-width=\"1080\" tg-height=\"482\" referrerpolicy=\"no-referrer\">Data source: Federal Reserve, Haiyin Research Institute</p><p><b>2. The dot plot shows that rate hike may occur twice in 2023.</b></p><p>Regarding interest rates, the dot plot implies the possibility of an early rate hike, with at least two rate hike expected in 2023. Referring to the dot plot reflecting the Federal Reserve's future interest rate policy, it can be seen that Fed officials generally believed at their March meeting that the zero interest rate policy would be maintained at least until the end of 2023. The dot plot of this meeting has changed significantly. The dot plot of the June meeting showed that most officials predicted that rate hike might take place ahead of schedule in 2023, and even the number of officials predicting rate hike in 2022 has increased significantly compared to March. In addition, the central interest rate forecast for 2023 has risen from 0.1% in March to 0.6%, meaning that the Federal Reserve may conduct at least two rate hike operations in 2023.</p><p>Chart 2 Dot plot of the Federal Reserve's March 2021 FOMC meeting<img src=\"https://static.tigerbbs.com/253e6288953039316f74da201a5e5801\" tg-width=\"592\" tg-height=\"500\" referrerpolicy=\"no-referrer\">Data source: FED, Haiyin Research Institute</p><p>Chart 3 Dot plot of the Federal Reserve's June 2021 FOMC meeting<img src=\"https://static.tigerbbs.com/24c0102ef21f3d404bee85b60a5ce06c\" tg-width=\"595\" tg-height=\"492\" referrerpolicy=\"no-referrer\">Data source: FED, Haiyin Research Institute</p><p>3. Raise the Interest Rate Corridor range</p><p>The Federal Reserve has raised its Interest Rate Corridor range, increasing the excess reserve rate IOER and the overnight reverse repo rate ONRRP (the upper and lower limits of the Interest Rate Corridor, respectively) from 0%-0.1% to 0.05%-0.15% to support effective policy implementation and the smooth operation of the short-term dollar financing market.</p><p>Chart 4: Federal Reserve Raises Interest Rate Corridor Range<img src=\"https://static.tigerbbs.com/636f63e08baab3e9a99836bbf1f2dd53\" tg-width=\"994\" tg-height=\"568\" referrerpolicy=\"no-referrer\">Data source: Wind, Haiyin Research Institute</p><p>Overall, although the Federal Reserve did not release a Taper signal in advance at this meeting, and Powell emphasized that future interest rate trends cannot be predicted using dot plots, stating that it is too early to talk about rate hike, in order to reassure the market. However, judging from the specific content, whether it is the upward revision of economic growth forecasts, the upward revision of the Interest Rate Corridor range, or the predictions of Federal Reserve officials on the dot plot, the possibility of rate hike in advance to control persistently high inflation cannot be ruled out.</p><p><b>Predictions of when the Federal Reserve might taper QE and rate hike:</b></p><p><b>Job recovery is key</b></p><p>Regarding QE tapering, the degree of employment recovery is a key factor in determining when the Federal Reserve will Taper. If the employment recovery continues to be strong in the coming months, the Federal Reserve will begin discussing a QE tapering plan. In any case, if employment recovery falls short of expectations, the Federal Reserve may choose to remain on the sidelines until employment returns to its desired level.</p><p>Chart 5: US employment recovery is currently weaker than expected, and the Federal Reserve will remain unchanged in the short term.<img src=\"https://static.tigerbbs.com/23604df788b57dbe0ce299e66f30e2cb\" tg-width=\"1080\" tg-height=\"590\" referrerpolicy=\"no-referrer\">Data source: Wind, Haiyin Research Institute</p><p>Based on the Federal Reserve's experience in normalizing monetary policy in 2013, the Fed is very likely to begin formal discussions on specific plans to reduce bond purchases at its September meeting and officially announce them at its December meeting. Based on the current monthly bond purchase volume of $120 billion, it is expected to reduce the bond purchase volume by $15 billion each time, gradually reducing the bond purchase volume starting in January 2022, and completely exiting QE at the last meeting in December 2022.</p><p>Chart 6 We expect this round of QE to end at the end of 2022.</p><p><img src=\"https://static.tigerbbs.com/b754a7f635b7d0d6b0b1f48566708cb0\" tg-width=\"1061\" tg-height=\"728\" referrerpolicy=\"no-referrer\">Data source: Wind, Haiyin Research Institute</p><p>From rate hike. rate hike typically occur after quantitative easing (QE) ends. If QE ends at the end of 2022, the Federal Reserve is likely to begin discussing rate hike as early as early 2023 and begin at least two rate hike around mid-2023.</p><p>The 7-dot plot shows that the Federal Reserve is likely to rate hike at least twice in 2023.<img src=\"https://static.tigerbbs.com/e771012b3c148ff52d20755cd91e3944\" tg-width=\"595\" tg-height=\"492\" referrerpolicy=\"no-referrer\">Data source: FED, Haiyin Research Institute</p><p><b>Be wary of a sharp rise in inflation.</b></p><p><b>Possibility of Fed rate hike ahead of schedule</b></p><p>Against the backdrop of a continuously improving pandemic, massive fiscal stimulus in the United States and the rapid repair of the US output gap have increased recent inflationary pressures in the United States. Wind data shows that the PCE inflation indicator, which the Federal Reserve refers to when formulating monetary policy, rose 3.58% year-on-year in April, the highest level since 2008.</p><p>As the US economy further recovers in the future, inflationary pressures in the US will increase further in the second half of the year. According to Bloomberg's forecast, inflation in the United States will peak in the second quarter and then gradually decline in the third quarter. However, inflationary pressures will remain throughout the year and will remain above the 3% level.</p><p>Be wary of the impact of premature rate hike on emerging market countries. At this meeting, the Federal Reserve reiterated that it would allow inflation to be slightly above 2% for a period of time, and expressed some expectations that inflation levels might persist for a longer period and grow faster. However, it cannot be ruled out that if future inflation exceeds the Federal Reserve's tolerance range, it may prompt the Fed to choose an earlier rate hike. At that time, the US dollar will strengthen, international capital will accelerate its return to the US market, and emerging market countries may face a triple whammy of stocks, bonds, and currencies. Emerging market countries may have to continue rate hike to cope with potential capital outflow pressures. If countries with poor epidemic prevention and control, such as India, choose rate hike, it will undoubtedly be an added blow to countries that need a low-interest-rate environment to stimulate economic recovery.</p><p>Chart 8: US inflation is expected to decline in the third quarter, but will still be above 3%.</p><p><img src=\"https://static.tigerbbs.com/6a6053ec35be961844988688c521dd54\" tg-width=\"1048\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s?src=11×tamp=1625017730&ver=3161&signature=g7FeJ7ELPCHgUaQqGoC0ejSKlbZf2*HiG8oiMSD2jj4J3SLBEMaXVH0TTgpiuQdUQlhKBe1hB-UhfTk6QhWvApImWkixXIEB9z7MHni6pRJYFKOGlVdkzQr7DHyE2Wtf&new=1\">海银财富</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0f9e9a265cb0e7e8cb195039b2fe24a4","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s?src=11×tamp=1625017730&ver=3161&signature=g7FeJ7ELPCHgUaQqGoC0ejSKlbZf2*HiG8oiMSD2jj4J3SLBEMaXVH0TTgpiuQdUQlhKBe1hB-UhfTk6QhWvApImWkixXIEB9z7MHni6pRJYFKOGlVdkzQr7DHyE2Wtf&new=1","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100369453","content_text":"摘要：\n北京时间6月17日，美联储公布6月议息会议声明，美联储选择按兵不动，符合预期。但鸽派的背后，我们认为此次会议更偏 “鹰派”。具体体现为：上调经济增速预期，上调利率走廊区间，及点阵图隐含美联储2023年将会提前加息的可能性。\nQE缩减方面, 我们预计美联储很有可能在9月会议上开始正式讨论缩减购债的具体计划，并于12月会议正式宣布。并从2022年1月开始逐步降低购债规模，至2022年12月最后一次会议时完全退出QE。利率方面，我们预计美联储可能会在2023年中开始，并至少计息两次。\n但不排除若未来通胀超出美联储容忍范围，美联储选择更早加息的可能。届时，美元走强，国际资本将加速回流美国市场，新兴市场国家或将遭遇股债汇三杀的局面。\n美联储6月议息会议整体维持不变\n北京时间6月17日，美联储公布6月议息会议声明。整体维持此前货币决议不变，符合预期。维持联邦基金目标利率在0%-0.25%区间内，维持每月1200亿美元资产购买规模不变（800亿美元国债，400亿美元MBS）。但将超额准备金利率IOER和隔夜逆回购利率ONRRP区间上调5bp至0.05%-0.15%。\n但态度更偏“鹰派”\n本次会议是美联储在去年3月“一路向鸽”后，首次释放明确转鹰信号。尤其体现在在上调IOER和ONRRP、经济表述更为积极等方面。下面是本次议息会议的三大重点变化：\n1. 调整经济数据预期\n美联储上调经济增速预期。跟前次会议相比，着重肯定了疫苗对疫情恢复的贡献，且对经济恢复信心明显增强。本次会议美联储将2021年增长预期上调0.5%至7%。声明显示，“疫苗接种方面的进展控制了（reduced the spread）疫情在美国的传播。”而4月声明显示，“疫情在全球范围内对经济造成巨大损害（tremendous hardship）。”鲍威尔在随后的发布会上亦表示今年美国经济可能强劲复苏。他表示“广泛的疫苗接种，以及前所未有的财政政策行动，也为复苏提供了强有力的支持。经济活动和就业指标持续走强，今年的实际国内生产总值似乎有望实现几十年来最快的增长速度。”\n上调通胀预期，上调幅度超市场预期。声明明确指出通胀水平上升，同时鲍威尔承认通胀可能比预期的水平更高和时间更长。美联储将2021年PCE预期调整为 3.4%、较前值大幅抬升1个百分点，核心 PCE 预期也调整为3%，前值仅为2.2%。\n失业率水平整体不变。美联储对就业增长的表述不变，仍为 “不断改善”（have strengthened）。对未来的失业率预期与此前几乎保持不变。\n图表 1美联储经济数据预测数据来源：美联储，海银研究院\n2. 点阵图显示，2023年内可能加息两次\n利率方面，点阵图隐含提前加息可能，2023年内可能至少加息两次。参考反映美联储未来利率政策的点阵图可看出，美联储官员在3月会议时普遍认为将至少维持零利率政策至2023年底。而此次会议点阵图有较大变化，6月会议点阵图显示大部分官员都预测2023年内可能提前加息，甚至是预测2022年加息的官员也比3月时明显增多。另外，2023年利率预测中枢从3月的0.1%抬升至0.6%，意味着2023年内美联储可能会有至少两次加息操作。\n图表 2美联储2021年3月FOMC会议点阵图数据来源：FED，海银研究院\n图表 3美联储2021年6月FOMC会议点阵图 数据来源：FED，海银研究院\n3. 上调利率走廊区间\n联储此次上调了利率走廊区间，将超额准备金利率IOER和隔夜逆回购利率ONRRP（分别为利率走廊的上下限）区间从0%-0.1%上调至0.05%-0.15%，以支持有效的政策实施和短期美元融资市场的平稳运行。\n图表 4 美联储上调利率走廊区间数据来源：Wind，海银研究院\n整体来看，美联储此次会议虽没有提前释放Taper信号，且鲍威尔也强调不能通过点阵图来预测未来利率走势，表示目前谈加息还为时尚早，以求给市场吃“安心丸”。但从具体内容来看，无论是上调经济增速预期，上调利率走廊区间，及点阵图美联储官员的预测来看，不排除提前加息以控制通胀持续高企的可能性。\n美联储缩减QE和加息可能的时点预测：\n就业恢复是关键\nQE缩减方面, 就业恢复的程度是决定美联储Taper时点的关键性因素。若未来几个月就业恢复持续强劲，美联储则会开始着手讨论QE缩减计划。反正，若就业恢复不及预期，美联储可能选择持续观望，直至就业恢复至理想水平。\n图表 5目前美国就业恢复不及预期，短期联储仍将按兵不动数据来源：Wind，海银研究院\n参照美联储2013年货币政策正常化的经验来看，美联储很有可能在9月会议上开始正式讨论缩减购债的具体计划，并于12月会议正式宣布。按照目前每月1200亿美元的购债规模来看，预计每次缩减150亿美元，从2022年1月开始逐步降低购债规模，至2022年12月最后一次会议时完全退出QE。\n图表 6我们预计本轮QE将在2022年底结束\n数据来源：Wind，海银研究院\n加息方面。加息一般发生在QE结束后，若2022年底结束QE，美联储很可能最早在2023年初开始讨论加息事项，并于2023年中左右开始至少加息两次。\n图表 7点阵图显示美联储很可能在2023年至少加息两次 数据来源：FED，海银研究院\n警惕通胀大幅上行，\n美联储提前加息的可能性\n在疫情不断好转的背景下，美国天量财政刺激及美国产出缺口的较快修复都加大了近期美国通胀的压力。Wind数据显示，美联储制定货币政策时参考的PCE通胀指标在4月同比上涨3.58%，创造了2008年以来最高水平。\n随着未来美国经济的进一步恢复，美国下半年通胀压力也将进一步加大。根据彭博预测显示，美国二季度美国将迎来通胀最高点，随后会在三季度逐渐回落，但年内通胀压力犹在，仍将处于3%水平之上。\n警惕提前加息对新兴市场国家的冲击。本次会议美联储虽再次强调允许通胀在一段时间内略高于2%的水平，且对通胀水平可能会持续更长、增长更快的可能性有一定的预期。但不排除若未来通胀超出美联储容忍范围，促使美联储选择更早加息的可能。届时，美元走强，国际资本将加速回流美国市场，新兴市场国家或将遭遇股债汇三杀的局面。新兴市场国家可能不得不采取继续加息的方式，以应对潜在的资本外流压力。若印度等疫情防控较差的国家选择加息，无疑对需要低利率环境刺激经济回暖的国家来说是雪上加霜。\n图表 8 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