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Raikonen

Raikonen

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2021-07-26

Likee

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2021-07-25

$Apple(AAPL)$ appl to the moon

2021-07-25

Nice etf

2021-07-19

Ok

Morgan Stanley: This Cycle Will Be "Hotter But Shorter" Than Usual

2021-07-19

Shag

US stocks sink at open on renewed virus fears

2021-07-19

Buy low sell high

Big Contrarian Investor Sold Apple, Microsoft Stock, Bought Pfizer and Merck

2021-07-19

Amazing stuff

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2021-07-19

Dbs is great

Go to Tiger App to see more news

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16:27","market":"us","language":"en","title":"Morgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual","url":"https://stock-news.laohu8.com/highlight/detail?id=1146536243","media":"zerohedge","summary":"This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.","content":"<p>We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.</p>\n<p>The debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.</p>\n<p>But 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.</p>\n<p>Instead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.</p>\n<p>Was last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.</p>\n<p>If it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are.&nbsp;If a lot of 'normal' cycle behavior has played out so far, it should&nbsp;<i>continue</i>&nbsp;to do so.</p>\n<p>Specifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see&nbsp;The Growth Scare Anniversary, July 11, 2021).</p>\n<p>Because one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.<b>It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.</b></p>\n<p><img src=\"https://static.tigerbbs.com/41879c4f66b33597ee236bdd52841004\" tg-width=\"904\" tg-height=\"490\" referrerpolicy=\"no-referrer\">Thisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',<b>and since 1980, it has taken an average of 35 months to get there after 'downturn' ends</b>. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.<b>It also hints at another possibility:&nbsp;this hotter cycle could be shorter.</b>This is our thesis, and it’s showing up in our quantitative measure.</p>\n<p>All this has a number of implications:</p>\n<ul>\n <li><b>The shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases</b>. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.</li>\n <li><b>In many of those periods, more mixed credit performance occurs despite default rates remaining low</b>. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.</li>\n <li><b>In equities, we think that our model supports more balance in portfolios</b>. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.</li>\n <li><b>Interest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model</b>. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.</li>\n</ul>\n<p>This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.</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>Morgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual</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\">\nMorgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 16:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/morgan-stanley-cycle-will-be-hotter-shorter-usual><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.\nThe debate over cycle '...</p>\n\n<a href=\"https://www.zerohedge.com/markets/morgan-stanley-cycle-will-be-hotter-shorter-usual\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/morgan-stanley-cycle-will-be-hotter-shorter-usual","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146536243","content_text":"We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.\nThe debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.\nBut 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.\nInstead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.\nWas last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.\nIf it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are. If a lot of 'normal' cycle behavior has played out so far, it should continue to do so.\nSpecifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see The Growth Scare Anniversary, July 11, 2021).\nBecause one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.\nThisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',and since 1980, it has taken an average of 35 months to get there after 'downturn' ends. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.It also hints at another possibility: this hotter cycle could be shorter.This is our thesis, and it’s showing up in our quantitative measure.\nAll this has a number of implications:\n\nThe shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.\nIn many of those periods, more mixed credit performance occurs despite default rates remaining low. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.\nIn equities, we think that our model supports more balance in portfolios. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.\nInterest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.\n\nThis cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171300465,"gmtCreate":1626704549757,"gmtModify":1703763712420,"author":{"id":"4089624780661820","authorId":"4089624780661820","name":"Raikonen","avatar":"https://static.tigerbbs.com/1b7fc1d23e56c59b6c4cff8b50d83d85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089624780661820","idStr":"4089624780661820"},"themes":[],"htmlText":"Shag","listText":"Shag","text":"Shag","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/171300465","repostId":"1155543383","repostType":4,"repost":{"id":"1155543383","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":1626701304,"share":"https://ttm.financial/m/news/1155543383?lang=en_US&edition=fundamental","pubTime":"2021-07-19 21:28","market":"us","language":"en","title":"US stocks sink at open on renewed virus fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1155543383","media":"Tiger Newspress","summary":"(July 19) US stocks open lower on Monday; The DOW lost 1.42%, the S&P 500 dipped 1.30%, and the Nasd","content":"<p>(July 19)&nbsp;US stocks open lower on Monday; The DOW lost 1.42%, the S&amp;P 500 dipped 1.30%, and the Nasdaq Composite shed 1.31%.</p>\n<p><img src=\"https://static.tigerbbs.com/9f8cb9434b60260c80a3bbbebc82750e\" tg-width=\"1242\" tg-height=\"577\" referrerpolicy=\"no-referrer\"></p>\n<p>The S&amp;P 500 declined for a third day. Travel-related stocks including United Airlines Holdings Inc. and Carnival Corp. were among the worst performers, falling more than 4%. Energy stocks tumbled as crude prices dropped to the lowest since early June after OPEC+ struck a deal to increase output. All 24 stocks in the KBW Bank Index declined. Ten-year U.S. Treasury yields fell to the lowest since February.</p>\n<p><img src=\"https://static.tigerbbs.com/e90e2b06bafc1691f797fadaa59457dc\" tg-width=\"278\" tg-height=\"372\" referrerpolicy=\"no-referrer\"></p>\n<p>A rising number of Covid-19 cases as the delta variant spreads around the world is prompting investors to move money into safer assets on concern that new restrictions could sap an economic rebound that helped push all of the major U.S. equity benchmarks to record highs this month. The decline in Treasury yields may be a sign of cracks in the global recovery, putting the onus back on the Federal Reserve and other central banks to support ailing economies even as inflation remains elevated.</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>US stocks sink at open on renewed virus fears</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\">\nUS stocks sink at open on renewed virus fears\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\">2021-07-19 21:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(July 19)&nbsp;US stocks open lower on Monday; The DOW lost 1.42%, the S&amp;P 500 dipped 1.30%, and the Nasdaq Composite shed 1.31%.</p>\n<p><img src=\"https://static.tigerbbs.com/9f8cb9434b60260c80a3bbbebc82750e\" tg-width=\"1242\" tg-height=\"577\" referrerpolicy=\"no-referrer\"></p>\n<p>The S&amp;P 500 declined for a third day. Travel-related stocks including United Airlines Holdings Inc. and Carnival Corp. were among the worst performers, falling more than 4%. Energy stocks tumbled as crude prices dropped to the lowest since early June after OPEC+ struck a deal to increase output. All 24 stocks in the KBW Bank Index declined. Ten-year U.S. Treasury yields fell to the lowest since February.</p>\n<p><img src=\"https://static.tigerbbs.com/e90e2b06bafc1691f797fadaa59457dc\" tg-width=\"278\" tg-height=\"372\" referrerpolicy=\"no-referrer\"></p>\n<p>A rising number of Covid-19 cases as the delta variant spreads around the world is prompting investors to move money into safer assets on concern that new restrictions could sap an economic rebound that helped push all of the major U.S. equity benchmarks to record highs this month. The decline in Treasury yields may be a sign of cracks in the global recovery, putting the onus back on the Federal Reserve and other central banks to support ailing economies even as inflation remains elevated.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155543383","content_text":"(July 19) US stocks open lower on Monday; The DOW lost 1.42%, the S&P 500 dipped 1.30%, and the Nasdaq Composite shed 1.31%.\n\nThe S&P 500 declined for a third day. Travel-related stocks including United Airlines Holdings Inc. and Carnival Corp. were among the worst performers, falling more than 4%. Energy stocks tumbled as crude prices dropped to the lowest since early June after OPEC+ struck a deal to increase output. All 24 stocks in the KBW Bank Index declined. Ten-year U.S. Treasury yields fell to the lowest since February.\n\nA rising number of Covid-19 cases as the delta variant spreads around the world is prompting investors to move money into safer assets on concern that new restrictions could sap an economic rebound that helped push all of the major U.S. equity benchmarks to record highs this month. The decline in Treasury yields may be a sign of cracks in the global recovery, putting the onus back on the Federal Reserve and other central banks to support ailing economies even as inflation remains elevated.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":2818,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173269959,"gmtCreate":1626662846371,"gmtModify":1703762928912,"author":{"id":"4089624780661820","authorId":"4089624780661820","name":"Raikonen","avatar":"https://static.tigerbbs.com/1b7fc1d23e56c59b6c4cff8b50d83d85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089624780661820","idStr":"4089624780661820"},"themes":[],"htmlText":"Buy low sell high","listText":"Buy low sell high","text":"Buy low sell high","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/173269959","repostId":"1131703652","repostType":4,"repost":{"id":"1131703652","kind":"news","pubTimestamp":1626659621,"share":"https://ttm.financial/m/news/1131703652?lang=en_US&edition=fundamental","pubTime":"2021-07-19 09:53","market":"us","language":"en","title":"Big Contrarian Investor Sold Apple, Microsoft Stock, Bought Pfizer and Merck","url":"https://stock-news.laohu8.com/highlight/detail?id=1131703652","media":"Barrons","summary":"A big Canadian investor made big changes in its portfolio in the second quarter.\nHexavest of Montrea","content":"<p>A big Canadian investor made big changes in its portfolio in the second quarter.</p>\n<p>Hexavest of Montreal reduced positions in Apple (ticker: AAPL) and Microsoft (MSFT) stock, and bought more Pfizer (PFE) and Merck (MRK) shares in the first quarter. Hexavest disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.</p>\n<p>Hexavest, a contrarian investor, has $4.2 billion in assets under management. It didn’t respond to a request for comment. From August 2012 through February 2021, Eaton Vance owned 49% of Hexavest. In May, Canadian financial-services giant Desjardins Group agreed to buy all of Hexavest, a deal expected to close around Sept. 1.</p>\n<p>Hexavest sold 86,354 Apple shares to end the second quarter with 417,777 shares of the iPhone maker.</p>\n<p>Apple stock managed to gain 3.2% in the first half of the year, far short of the 14.4% rise in the S&amp;P 500 index. So far in the third quarter, Apple stock has gained 6.9%, compared with a 0.7% rise in the index.</p>\n<p>Apple shares have been setting record highs this month. We named CEO&nbsp;Tim Cook&nbsp;to our list of top CEOs. “Cook has added new product categories while strengthening ties among Apple’s hardware, software, and services offerings,” we noted. Barron’s also thinks Apple could face federal and state lawsuits that allege anticompetitive practices of its App Store.</p>\n<p>Hexavest sold 60,202 Microsoft shares to end June with 328,870 shares of the software giant. Microsoft stock soared 21.8% in the first quarter, and so far in the third, it has managed a 3.6% gain.</p>\n<p>Earlier this month, Microsoft’s $10 billion JEDI contract with the Department of Defense was canceled. CEOSatya Nadella,who also made our best CEO list, told us that “digital technology will be key to resilience and transformation.” Microsoft recently agreed to buy a security-software firm.</p>\n<p>Hexavest bulked up on its holdings in Pfizer and Merck stock, buying 101,784 and 48,611 more shares, respectively, to end the second quarter with 612,517 and 223,867 shares of the pharma giants.</p>\n<p>Both are lagging behind the market this year. Pfizer stock rose 6.4% in the first half, and has gained 3.0% so far in July, while Merck shares were flat in the first half, and have remained flat so far in July, as well.</p>\n<p>Pfizer has been pushing for booster shots with its Covid-19 vaccine, but agencies want more data. The company has already started a trial for a booster shot. Pfizer’sAlbert Bourlaalso made our list of top CEOs, and we credit him with “a highly effective vaccine delivered within a year, shattering the previous record of four years.”</p>\n<p>Merck is competing with Pfizer in the pediatric vaccine market. Merck reached a deal to sell $1.2 billion worth of its experimental Covid-19 antiviral to the U.S. government, if the drug receives emergency-use authorization. J.P. Morgan analystChris Schottmaintained an Overweight rating on Merck in a July 13 report, noting that “Keytruda represents the key pillar of growth for the company, and we see Keytruda driving upside to both topline and operating margins/earnings over the coming quarters/years.” Keytruda is a cancer treatment.</p>","source":"lsy1601382232898","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>Big Contrarian Investor Sold Apple, Microsoft Stock, Bought Pfizer and Merck</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\">\nBig Contrarian Investor Sold Apple, Microsoft Stock, Bought Pfizer and Merck\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/big-investor-sold-apple-microsoft-stock-bought-pfizer-merck-51626212454?siteid=yhoof2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A big Canadian investor made big changes in its portfolio in the second quarter.\nHexavest of Montreal reduced positions in Apple (ticker: AAPL) and Microsoft (MSFT) stock, and bought more Pfizer (PFE)...</p>\n\n<a href=\"https://www.barrons.com/articles/big-investor-sold-apple-microsoft-stock-bought-pfizer-merck-51626212454?siteid=yhoof2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","MRK":"默沙东","PFE":"辉瑞","AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/big-investor-sold-apple-microsoft-stock-bought-pfizer-merck-51626212454?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131703652","content_text":"A big Canadian investor made big changes in its portfolio in the second quarter.\nHexavest of Montreal reduced positions in Apple (ticker: AAPL) and Microsoft (MSFT) stock, and bought more Pfizer (PFE) and Merck (MRK) shares in the first quarter. Hexavest disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.\nHexavest, a contrarian investor, has $4.2 billion in assets under management. It didn’t respond to a request for comment. From August 2012 through February 2021, Eaton Vance owned 49% of Hexavest. In May, Canadian financial-services giant Desjardins Group agreed to buy all of Hexavest, a deal expected to close around Sept. 1.\nHexavest sold 86,354 Apple shares to end the second quarter with 417,777 shares of the iPhone maker.\nApple stock managed to gain 3.2% in the first half of the year, far short of the 14.4% rise in the S&P 500 index. So far in the third quarter, Apple stock has gained 6.9%, compared with a 0.7% rise in the index.\nApple shares have been setting record highs this month. We named CEO Tim Cook to our list of top CEOs. “Cook has added new product categories while strengthening ties among Apple’s hardware, software, and services offerings,” we noted. Barron’s also thinks Apple could face federal and state lawsuits that allege anticompetitive practices of its App Store.\nHexavest sold 60,202 Microsoft shares to end June with 328,870 shares of the software giant. Microsoft stock soared 21.8% in the first quarter, and so far in the third, it has managed a 3.6% gain.\nEarlier this month, Microsoft’s $10 billion JEDI contract with the Department of Defense was canceled. CEOSatya Nadella,who also made our best CEO list, told us that “digital technology will be key to resilience and transformation.” Microsoft recently agreed to buy a security-software firm.\nHexavest bulked up on its holdings in Pfizer and Merck stock, buying 101,784 and 48,611 more shares, respectively, to end the second quarter with 612,517 and 223,867 shares of the pharma giants.\nBoth are lagging behind the market this year. Pfizer stock rose 6.4% in the first half, and has gained 3.0% so far in July, while Merck shares were flat in the first half, and have remained flat so far in July, as well.\nPfizer has been pushing for booster shots with its Covid-19 vaccine, but agencies want more data. The company has already started a trial for a booster shot. Pfizer’sAlbert Bourlaalso made our list of top CEOs, and we credit him with “a highly effective vaccine delivered within a year, shattering the previous record of four years.”\nMerck is competing with Pfizer in the pediatric vaccine market. Merck reached a deal to sell $1.2 billion worth of its experimental Covid-19 antiviral to the U.S. government, if the drug receives emergency-use authorization. J.P. Morgan analystChris Schottmaintained an Overweight rating on Merck in a July 13 report, noting that “Keytruda represents the key pillar of growth for the company, and we see Keytruda driving upside to both topline and operating margins/earnings over the coming quarters/years.” Keytruda is a cancer treatment.","news_type":1,"symbols_score_info":{"PFE":0.9,"MRK":0.9,"MSFT":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173287496,"gmtCreate":1626662768015,"gmtModify":1703762926975,"author":{"id":"4089624780661820","authorId":"4089624780661820","name":"Raikonen","avatar":"https://static.tigerbbs.com/1b7fc1d23e56c59b6c4cff8b50d83d85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089624780661820","idStr":"4089624780661820"},"themes":[],"htmlText":"Amazing stuff","listText":"Amazing stuff","text":"Amazing stuff","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173287496","repostId":"1111084715","repostType":4,"isVote":1,"tweetType":1,"viewCount":1889,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173284391,"gmtCreate":1626662644613,"gmtModify":1703762924384,"author":{"id":"4089624780661820","authorId":"4089624780661820","name":"Raikonen","avatar":"https://static.tigerbbs.com/1b7fc1d23e56c59b6c4cff8b50d83d85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089624780661820","idStr":"4089624780661820"},"themes":[],"htmlText":"Dbs is great","listText":"Dbs is great","text":"Dbs is great","images":[{"img":"https://static.tigerbbs.com/ee32000b682a0a3a1092626c364880b3","width":"1080","height":"2449"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173284391","isVote":1,"tweetType":1,"viewCount":1692,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":800322591,"gmtCreate":1627280081913,"gmtModify":1703486625591,"author":{"id":"4089624780661820","authorId":"4089624780661820","name":"Raikonen","avatar":"https://static.tigerbbs.com/1b7fc1d23e56c59b6c4cff8b50d83d85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089624780661820","idStr":"4089624780661820"},"themes":[],"htmlText":"Likee","listText":"Likee","text":"Likee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/800322591","repostId":"1100772026","repostType":4,"isVote":1,"tweetType":1,"viewCount":2425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173269959,"gmtCreate":1626662846371,"gmtModify":1703762928912,"author":{"id":"4089624780661820","authorId":"4089624780661820","name":"Raikonen","avatar":"https://static.tigerbbs.com/1b7fc1d23e56c59b6c4cff8b50d83d85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089624780661820","idStr":"4089624780661820"},"themes":[],"htmlText":"Buy low sell high","listText":"Buy low sell high","text":"Buy low sell high","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/173269959","repostId":"1131703652","repostType":4,"repost":{"id":"1131703652","kind":"news","pubTimestamp":1626659621,"share":"https://ttm.financial/m/news/1131703652?lang=en_US&edition=fundamental","pubTime":"2021-07-19 09:53","market":"us","language":"en","title":"Big Contrarian Investor Sold Apple, Microsoft Stock, Bought Pfizer and Merck","url":"https://stock-news.laohu8.com/highlight/detail?id=1131703652","media":"Barrons","summary":"A big Canadian investor made big changes in its portfolio in the second quarter.\nHexavest of Montrea","content":"<p>A big Canadian investor made big changes in its portfolio in the second quarter.</p>\n<p>Hexavest of Montreal reduced positions in Apple (ticker: AAPL) and Microsoft (MSFT) stock, and bought more Pfizer (PFE) and Merck (MRK) shares in the first quarter. Hexavest disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.</p>\n<p>Hexavest, a contrarian investor, has $4.2 billion in assets under management. It didn’t respond to a request for comment. From August 2012 through February 2021, Eaton Vance owned 49% of Hexavest. In May, Canadian financial-services giant Desjardins Group agreed to buy all of Hexavest, a deal expected to close around Sept. 1.</p>\n<p>Hexavest sold 86,354 Apple shares to end the second quarter with 417,777 shares of the iPhone maker.</p>\n<p>Apple stock managed to gain 3.2% in the first half of the year, far short of the 14.4% rise in the S&amp;P 500 index. So far in the third quarter, Apple stock has gained 6.9%, compared with a 0.7% rise in the index.</p>\n<p>Apple shares have been setting record highs this month. We named CEO&nbsp;Tim Cook&nbsp;to our list of top CEOs. “Cook has added new product categories while strengthening ties among Apple’s hardware, software, and services offerings,” we noted. Barron’s also thinks Apple could face federal and state lawsuits that allege anticompetitive practices of its App Store.</p>\n<p>Hexavest sold 60,202 Microsoft shares to end June with 328,870 shares of the software giant. Microsoft stock soared 21.8% in the first quarter, and so far in the third, it has managed a 3.6% gain.</p>\n<p>Earlier this month, Microsoft’s $10 billion JEDI contract with the Department of Defense was canceled. CEOSatya Nadella,who also made our best CEO list, told us that “digital technology will be key to resilience and transformation.” Microsoft recently agreed to buy a security-software firm.</p>\n<p>Hexavest bulked up on its holdings in Pfizer and Merck stock, buying 101,784 and 48,611 more shares, respectively, to end the second quarter with 612,517 and 223,867 shares of the pharma giants.</p>\n<p>Both are lagging behind the market this year. Pfizer stock rose 6.4% in the first half, and has gained 3.0% so far in July, while Merck shares were flat in the first half, and have remained flat so far in July, as well.</p>\n<p>Pfizer has been pushing for booster shots with its Covid-19 vaccine, but agencies want more data. The company has already started a trial for a booster shot. Pfizer’sAlbert Bourlaalso made our list of top CEOs, and we credit him with “a highly effective vaccine delivered within a year, shattering the previous record of four years.”</p>\n<p>Merck is competing with Pfizer in the pediatric vaccine market. Merck reached a deal to sell $1.2 billion worth of its experimental Covid-19 antiviral to the U.S. government, if the drug receives emergency-use authorization. J.P. Morgan analystChris Schottmaintained an Overweight rating on Merck in a July 13 report, noting that “Keytruda represents the key pillar of growth for the company, and we see Keytruda driving upside to both topline and operating margins/earnings over the coming quarters/years.” Keytruda is a cancer treatment.</p>","source":"lsy1601382232898","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>Big Contrarian Investor Sold Apple, Microsoft Stock, Bought Pfizer and Merck</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\">\nBig Contrarian Investor Sold Apple, Microsoft Stock, Bought Pfizer and Merck\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/big-investor-sold-apple-microsoft-stock-bought-pfizer-merck-51626212454?siteid=yhoof2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A big Canadian investor made big changes in its portfolio in the second quarter.\nHexavest of Montreal reduced positions in Apple (ticker: AAPL) and Microsoft (MSFT) stock, and bought more Pfizer (PFE)...</p>\n\n<a href=\"https://www.barrons.com/articles/big-investor-sold-apple-microsoft-stock-bought-pfizer-merck-51626212454?siteid=yhoof2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","MRK":"默沙东","PFE":"辉瑞","AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/big-investor-sold-apple-microsoft-stock-bought-pfizer-merck-51626212454?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131703652","content_text":"A big Canadian investor made big changes in its portfolio in the second quarter.\nHexavest of Montreal reduced positions in Apple (ticker: AAPL) and Microsoft (MSFT) stock, and bought more Pfizer (PFE) and Merck (MRK) shares in the first quarter. Hexavest disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.\nHexavest, a contrarian investor, has $4.2 billion in assets under management. It didn’t respond to a request for comment. From August 2012 through February 2021, Eaton Vance owned 49% of Hexavest. In May, Canadian financial-services giant Desjardins Group agreed to buy all of Hexavest, a deal expected to close around Sept. 1.\nHexavest sold 86,354 Apple shares to end the second quarter with 417,777 shares of the iPhone maker.\nApple stock managed to gain 3.2% in the first half of the year, far short of the 14.4% rise in the S&P 500 index. So far in the third quarter, Apple stock has gained 6.9%, compared with a 0.7% rise in the index.\nApple shares have been setting record highs this month. We named CEO Tim Cook to our list of top CEOs. “Cook has added new product categories while strengthening ties among Apple’s hardware, software, and services offerings,” we noted. Barron’s also thinks Apple could face federal and state lawsuits that allege anticompetitive practices of its App Store.\nHexavest sold 60,202 Microsoft shares to end June with 328,870 shares of the software giant. Microsoft stock soared 21.8% in the first quarter, and so far in the third, it has managed a 3.6% gain.\nEarlier this month, Microsoft’s $10 billion JEDI contract with the Department of Defense was canceled. CEOSatya Nadella,who also made our best CEO list, told us that “digital technology will be key to resilience and transformation.” Microsoft recently agreed to buy a security-software firm.\nHexavest bulked up on its holdings in Pfizer and Merck stock, buying 101,784 and 48,611 more shares, respectively, to end the second quarter with 612,517 and 223,867 shares of the pharma giants.\nBoth are lagging behind the market this year. Pfizer stock rose 6.4% in the first half, and has gained 3.0% so far in July, while Merck shares were flat in the first half, and have remained flat so far in July, as well.\nPfizer has been pushing for booster shots with its Covid-19 vaccine, but agencies want more data. The company has already started a trial for a booster shot. Pfizer’sAlbert Bourlaalso made our list of top CEOs, and we credit him with “a highly effective vaccine delivered within a year, shattering the previous record of four years.”\nMerck is competing with Pfizer in the pediatric vaccine market. Merck reached a deal to sell $1.2 billion worth of its experimental Covid-19 antiviral to the U.S. government, if the drug receives emergency-use authorization. J.P. Morgan analystChris Schottmaintained an Overweight rating on Merck in a July 13 report, noting that “Keytruda represents the key pillar of growth for the company, and we see Keytruda driving upside to both topline and operating margins/earnings over the coming quarters/years.” Keytruda is a cancer treatment.","news_type":1,"symbols_score_info":{"PFE":0.9,"MRK":0.9,"MSFT":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171306078,"gmtCreate":1626704691094,"gmtModify":1703763717964,"author":{"id":"4089624780661820","authorId":"4089624780661820","name":"Raikonen","avatar":"https://static.tigerbbs.com/1b7fc1d23e56c59b6c4cff8b50d83d85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089624780661820","idStr":"4089624780661820"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171306078","repostId":"1146536243","repostType":4,"repost":{"id":"1146536243","kind":"news","pubTimestamp":1626683272,"share":"https://ttm.financial/m/news/1146536243?lang=en_US&edition=fundamental","pubTime":"2021-07-19 16:27","market":"us","language":"en","title":"Morgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual","url":"https://stock-news.laohu8.com/highlight/detail?id=1146536243","media":"zerohedge","summary":"This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.","content":"<p>We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.</p>\n<p>The debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.</p>\n<p>But 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.</p>\n<p>Instead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.</p>\n<p>Was last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.</p>\n<p>If it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are.&nbsp;If a lot of 'normal' cycle behavior has played out so far, it should&nbsp;<i>continue</i>&nbsp;to do so.</p>\n<p>Specifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see&nbsp;The Growth Scare Anniversary, July 11, 2021).</p>\n<p>Because one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.<b>It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.</b></p>\n<p><img src=\"https://static.tigerbbs.com/41879c4f66b33597ee236bdd52841004\" tg-width=\"904\" tg-height=\"490\" referrerpolicy=\"no-referrer\">Thisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',<b>and since 1980, it has taken an average of 35 months to get there after 'downturn' ends</b>. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.<b>It also hints at another possibility:&nbsp;this hotter cycle could be shorter.</b>This is our thesis, and it’s showing up in our quantitative measure.</p>\n<p>All this has a number of implications:</p>\n<ul>\n <li><b>The shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases</b>. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.</li>\n <li><b>In many of those periods, more mixed credit performance occurs despite default rates remaining low</b>. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.</li>\n <li><b>In equities, we think that our model supports more balance in portfolios</b>. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.</li>\n <li><b>Interest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model</b>. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.</li>\n</ul>\n<p>This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.</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>Morgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual</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\">\nMorgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 16:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/morgan-stanley-cycle-will-be-hotter-shorter-usual><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.\nThe debate over cycle '...</p>\n\n<a href=\"https://www.zerohedge.com/markets/morgan-stanley-cycle-will-be-hotter-shorter-usual\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/morgan-stanley-cycle-will-be-hotter-shorter-usual","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146536243","content_text":"We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.\nThe debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.\nBut 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.\nInstead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.\nWas last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.\nIf it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are. If a lot of 'normal' cycle behavior has played out so far, it should continue to do so.\nSpecifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see The Growth Scare Anniversary, July 11, 2021).\nBecause one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.\nThisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',and since 1980, it has taken an average of 35 months to get there after 'downturn' ends. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.It also hints at another possibility: this hotter cycle could be shorter.This is our thesis, and it’s showing up in our quantitative measure.\nAll this has a number of implications:\n\nThe shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.\nIn many of those periods, more mixed credit performance occurs despite default rates remaining low. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.\nIn equities, we think that our model supports more balance in portfolios. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.\nInterest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.\n\nThis cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171300465,"gmtCreate":1626704549757,"gmtModify":1703763712420,"author":{"id":"4089624780661820","authorId":"4089624780661820","name":"Raikonen","avatar":"https://static.tigerbbs.com/1b7fc1d23e56c59b6c4cff8b50d83d85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089624780661820","idStr":"4089624780661820"},"themes":[],"htmlText":"Shag","listText":"Shag","text":"Shag","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/171300465","repostId":"1155543383","repostType":4,"repost":{"id":"1155543383","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":1626701304,"share":"https://ttm.financial/m/news/1155543383?lang=en_US&edition=fundamental","pubTime":"2021-07-19 21:28","market":"us","language":"en","title":"US stocks sink at open on renewed virus fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1155543383","media":"Tiger Newspress","summary":"(July 19) US stocks open lower on Monday; The DOW lost 1.42%, the S&P 500 dipped 1.30%, and the Nasd","content":"<p>(July 19)&nbsp;US stocks open lower on Monday; The DOW lost 1.42%, the S&amp;P 500 dipped 1.30%, and the Nasdaq Composite shed 1.31%.</p>\n<p><img src=\"https://static.tigerbbs.com/9f8cb9434b60260c80a3bbbebc82750e\" tg-width=\"1242\" tg-height=\"577\" referrerpolicy=\"no-referrer\"></p>\n<p>The S&amp;P 500 declined for a third day. Travel-related stocks including United Airlines Holdings Inc. and Carnival Corp. were among the worst performers, falling more than 4%. Energy stocks tumbled as crude prices dropped to the lowest since early June after OPEC+ struck a deal to increase output. All 24 stocks in the KBW Bank Index declined. Ten-year U.S. Treasury yields fell to the lowest since February.</p>\n<p><img src=\"https://static.tigerbbs.com/e90e2b06bafc1691f797fadaa59457dc\" tg-width=\"278\" tg-height=\"372\" referrerpolicy=\"no-referrer\"></p>\n<p>A rising number of Covid-19 cases as the delta variant spreads around the world is prompting investors to move money into safer assets on concern that new restrictions could sap an economic rebound that helped push all of the major U.S. equity benchmarks to record highs this month. The decline in Treasury yields may be a sign of cracks in the global recovery, putting the onus back on the Federal Reserve and other central banks to support ailing economies even as inflation remains elevated.</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>US stocks sink at open on renewed virus fears</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\">\nUS stocks sink at open on renewed virus fears\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\">2021-07-19 21:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(July 19)&nbsp;US stocks open lower on Monday; The DOW lost 1.42%, the S&amp;P 500 dipped 1.30%, and the Nasdaq Composite shed 1.31%.</p>\n<p><img src=\"https://static.tigerbbs.com/9f8cb9434b60260c80a3bbbebc82750e\" tg-width=\"1242\" tg-height=\"577\" referrerpolicy=\"no-referrer\"></p>\n<p>The S&amp;P 500 declined for a third day. Travel-related stocks including United Airlines Holdings Inc. and Carnival Corp. were among the worst performers, falling more than 4%. Energy stocks tumbled as crude prices dropped to the lowest since early June after OPEC+ struck a deal to increase output. All 24 stocks in the KBW Bank Index declined. Ten-year U.S. Treasury yields fell to the lowest since February.</p>\n<p><img src=\"https://static.tigerbbs.com/e90e2b06bafc1691f797fadaa59457dc\" tg-width=\"278\" tg-height=\"372\" referrerpolicy=\"no-referrer\"></p>\n<p>A rising number of Covid-19 cases as the delta variant spreads around the world is prompting investors to move money into safer assets on concern that new restrictions could sap an economic rebound that helped push all of the major U.S. equity benchmarks to record highs this month. The decline in Treasury yields may be a sign of cracks in the global recovery, putting the onus back on the Federal Reserve and other central banks to support ailing economies even as inflation remains elevated.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155543383","content_text":"(July 19) US stocks open lower on Monday; The DOW lost 1.42%, the S&P 500 dipped 1.30%, and the Nasdaq Composite shed 1.31%.\n\nThe S&P 500 declined for a third day. Travel-related stocks including United Airlines Holdings Inc. and Carnival Corp. were among the worst performers, falling more than 4%. Energy stocks tumbled as crude prices dropped to the lowest since early June after OPEC+ struck a deal to increase output. All 24 stocks in the KBW Bank Index declined. Ten-year U.S. Treasury yields fell to the lowest since February.\n\nA rising number of Covid-19 cases as the delta variant spreads around the world is prompting investors to move money into safer assets on concern that new restrictions could sap an economic rebound that helped push all of the major U.S. equity benchmarks to record highs this month. The decline in Treasury yields may be a sign of cracks in the global recovery, putting the onus back on the Federal Reserve and other central banks to support ailing economies even as inflation remains elevated.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":2818,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173287496,"gmtCreate":1626662768015,"gmtModify":1703762926975,"author":{"id":"4089624780661820","authorId":"4089624780661820","name":"Raikonen","avatar":"https://static.tigerbbs.com/1b7fc1d23e56c59b6c4cff8b50d83d85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089624780661820","idStr":"4089624780661820"},"themes":[],"htmlText":"Amazing stuff","listText":"Amazing stuff","text":"Amazing stuff","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173287496","repostId":"1111084715","repostType":4,"isVote":1,"tweetType":1,"viewCount":1889,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177658051,"gmtCreate":1627214251073,"gmtModify":1703485632443,"author":{"id":"4089624780661820","authorId":"4089624780661820","name":"Raikonen","avatar":"https://static.tigerbbs.com/1b7fc1d23e56c59b6c4cff8b50d83d85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089624780661820","idStr":"4089624780661820"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>&nbsp;appl to the moon","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>&nbsp;appl to the moon","text":"$Apple(AAPL)$ appl to the moon","images":[{"img":"https://static.tigerbbs.com/3e263ac04afb77b9faa3f3f2b0e0f517","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/177658051","isVote":1,"tweetType":1,"viewCount":2242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":177650810,"gmtCreate":1627213859330,"gmtModify":1703485626643,"author":{"id":"4089624780661820","authorId":"4089624780661820","name":"Raikonen","avatar":"https://static.tigerbbs.com/1b7fc1d23e56c59b6c4cff8b50d83d85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089624780661820","idStr":"4089624780661820"},"themes":[],"htmlText":"Nice etf&nbsp;","listText":"Nice etf&nbsp;","text":"Nice etf","images":[{"img":"https://static.tigerbbs.com/e8babb8be74f4a320d5fd449d3fcc136","width":"1080","height":"3482"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/177650810","isVote":1,"tweetType":1,"viewCount":1647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":173284391,"gmtCreate":1626662644613,"gmtModify":1703762924384,"author":{"id":"4089624780661820","authorId":"4089624780661820","name":"Raikonen","avatar":"https://static.tigerbbs.com/1b7fc1d23e56c59b6c4cff8b50d83d85","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089624780661820","idStr":"4089624780661820"},"themes":[],"htmlText":"Dbs is great","listText":"Dbs is great","text":"Dbs is great","images":[{"img":"https://static.tigerbbs.com/ee32000b682a0a3a1092626c364880b3","width":"1080","height":"2449"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173284391","isVote":1,"tweetType":1,"viewCount":1692,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}