Thursday, February 17, 2022 87 financial events
As a securities investor, you can always observe the prices of securities of various companies and think of them as some grids. Most of the time, you don't have to do anything, just watch. Every once in a while, you'll find a 'good ball' that is slow, straight, and falls right in the middle of your favorite grid. Then you go all out. In this way, regardless of your talent, you can greatly improve your uphill rate.
♚ The three major U.S. stock indexes closed mixed on Wednesday, with small-cap stocks holding out more than 2 percent gains after the Release of the Fed's dovish minutes
The S&P 500 closed up 3.94 points, or 0.09 percent, at 4475.01.
The Dow closed down 54.57 points, or 0.16 percent, at 34,934.27.
The Nasdaq closed down 15.66 points, or 0.11 percent, at 14,124.09.
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WTI March crude oil futures closed up $1.59, or 1.72 percent, at $93.66 a barrel.
Brent's April crude futures closed up $1.53, or 1.64 percent, at $94.81 a barrel.
NYMEX March gasoline futures closed at $2.6771/gg.
NYMEX March natural gas futures closed at $4.7170/million BTU.
COMEX April gold futures closed up 0.8% at $1871.50 an ounce.
LME copper closed up $24 at $9992/mt.
LME aluminum closed up $48 at $3256/mt.
Zinc in the LME period closed up $2 at $3584/mt.
Lead in the LME period closed up $30 at $2338/mt.
Nickel closed up $114 at $23,406/mt.
LME tin closed up $291 at $43,699/mt.
The main funds of Shanghai and Shenzhen had a net outflow of 4.363 billion yuan yesterday. Northbound funds sold a net sale of 1.623 billion yuan yesterday, a net sale for 3 consecutive trading days. Among them, the net purchase of Shanghai Stock Connect was 951 million yuan, and the net sale of Shenzhen Stock Connect was 2.574 billion yuan.
♚ Minutes of the Fed's January meeting: Both interest rate hikes and balance sheet reductions may be faster than the previous one, which may be suitable for a large future balance sheet reduction
The minutes of the meeting released on Wednesday, 16th, Eastern Time, show that the Fed policymakers attending the meeting believe that whether it is a rate hike or a reduction in the size of the balance sheet (balance sheet reduction), the pace of the Fed's tightening of the currency may be faster than the previous interest rate hike and balance sheet reduction.
1) Most Fed officials mentioned at the FOMC monetary policy meeting that "if inflation does not pull back as they expected, it would be appropriate for the FOMC to withdraw stimulus at a rate faster than currently expected."
2. The FOMC acknowledges that in the second half of 2021, the scope of inflationary pressures in the United States will expand, which brings the risk that FOMC will "skew inflation expectations upward".
3) Fed observers have failed to find clearer clues from the minutes of the meeting as to whether a 50 basis point rate hike and balance sheet reduction are possible in March.
♚ U.S. retail sales rebounded, the biggest increase in 10 months
U.S. retail sales rose 3.8% month-on-month in January, with expectations of 2% and -1.9% in previous months, commerce department data showed wednesday. The increase was the largest since March 2021, underscoring the resilience of Americans to commodity demand. While the Omicron strain and the surge in CORONAVIRUS cases could dampen service spending this month, improved labor markets have helped consumers continue to buy products like cars and furniture, defying inflation at its highest level in decades.
U.S. retail sales surged in January as auto and online consumption soared. However, the unadjusted retail sales data for January plunged 18.5% month-on-month, a record high, showing the impact of the surge in inflation.
After a disappointingly severe decline in retail sales in December, analysts believe that pent-up demand will resurface in January, with retail sales expected to rise 2.0% month-on-month in January (despite a collapse in consumer confidence, especially buying attitudes and financials), but in fact, analysts still underestimated the market's rebound, with overall retail sales up a staggering 3.8%.
This is the largest increase in U.S. retail sales sequentially since the surge in stimulus spending in March 2021.
The US 10-year Treasury yield fell after the data was released. The dollar index rose overall after short-term shocks.
♚ Mekushing crude oil inventories hit a new three-year low, and crude oil is still approaching $100
On Wednesday, February 16, EST, the U.S. Department of Energy's Energy Information Administration (EIA) announced:
(1) U.S. crude oil inventories increased by 1.121 million barrels from the previous week last week, and the market expected a decrease of 2.174 million barrels, compared with a decrease of 4.756 million barrels in the previous week.
U.S. gasoline inventories fell by 1.332 million barrels sequentially last week, and market expectations increased by 500,000 barrels, compared with a decrease of 1.644 million barrels in the previous week.
(2) Crude oil inventories in Cushing, the main delivery region of U.S. crude oil futures, fell by 1.9 million barrels month-on-month last week, and total inventories fell to their lowest level since September 2018.
After the data was released, in the intraday session this Wednesday, Brent crude oil futures remained stable above $95 / barrel, up more than 2% intraday, the United States WTI crude oil quickly regained $94 after falling below $94 in the short term, and the intraday gains also quickly exceeded 2% after narrowing to within 2%, all of which are expected to erase most of Tuesday's declines, approaching the highest closing level in more than seven years set on Monday.
Some media pointed out that the rise in oil prices means that Russia's national income has increased, giving Russia the ability to buffer in the event of Western sanctions. Although Biden has repeatedly called on Middle Eastern oil producers to increase production, Saudi Arabia, the largest oil producer, has chosen to side with Russia and follow the OPEC+ agreement, and has not stepped up its pace to reduce the scale of production cuts.
♚ Global financial regulators warn that crypto assets threaten financial stability
According to a report released by the Financial Stability Board (FSB) on Wednesday, digital assets could soon threaten global financial stability due to their size, structural vulnerabilities and increasing ties to the traditional financial system.
The report focuses on areas where they use leverage, technology vulnerabilities and liquidity shortages. There are also concerns about investors and consumers' low awareness of crypto assets, as well as the risks of money laundering, cybercrime and ransomware.
The rapid evolution and international nature of such assets means that authorities should consider "a timely and advance assessment of possible policy options," the report said. This includes prioritizing cross-border and cross-sector collaboration, including accelerating message sharing to keep pace with crypto assets.
The FSB is made up of representatives from institutions such as the European Central Bank, the Bank of England and the Federal Reserve.
♚ White House Releases Updated Critical and Emerging Technologies List
Based on the publicly available and updated CET list, the United States coordinated the National Science and Technology Council (NSTC) with the National Council of Science and Technology (NSC) and the National Security Council (NSC) through the Office of Science and Technology Policy (OSTP) to facilitate an extensive inter-agency review process that ultimately led to the collaborative completion of the list.
The NSTC said the list was created to secure future U.S. technology leadership, work with allies to advance and maintain a competitive edge in science and technology in key areas, and address so-called technological security threats. The NSTC pointed out that the new version of the list of key and emerging technologies will play an important role in supporting the upcoming US technological competitiveness and national security strategy. In particular, the NSTC emphasizes that this list can serve as a reference for U.S. executive branches and agencies in supporting U.S. national technological security, protecting sensitive technologies, and competing for international talent.
The 2022 list removes data science and storage technology, blockchain technology, advanced traditional weapons technology, medicine and public health technology, agricultural technology and other fields in the field of technology, and adds areas such as directed energy technology, financial technology, hypersonic technology, network sensor technology and other fields.
U.S. 2022 Edition Key and Emerging Technologies Checklist Specifics:
♞ Advanced computing
Supercomputing, edge computing, cloud computing, data storage, computing architecture, data processing and analysis technologies
♞ Advanced engineering materials
Design materials and materials genomics, materials with new properties, materials that make significant improvements to existing properties, material property characterization and life cycle assessment
♞ Advanced gas turbine engine technology
Aerospace, marine and industrial development and production technology, full authority digital engine control, heat section manufacturing and related technologies
♞ Advanced manufacturing
Additive manufacturing, clean and sustainable manufacturing, smart manufacturing, nanofabrication
♞ Advanced network awareness and feature management
Payloads, sensors and instruments, sensor processing and data fusion, adaptive optics, remote sensing of the Earth, signature management, detection and characterization of nuclear materials, detection and characterization of chemical weapons, detection and characterization of biological weapons, detection and characterization of emerging pathogens, perception technology in the field of transportation, perception technology in the field of safety, perception technology in the field of health, perception technology in the field of energy, perception technology in the field of architecture, perception technology in the field of the environment
♞ Advanced nuclear energy technology
Nuclear energy systems, fusion energy, space nuclear power and propulsion systems
♞ Artificial Intelligence (AI)
Machine learning, deep learning, reinforcement learning, sensory perception and recognition, next-generation artificial intelligence, planning, reasoning and decision-making, security and/or security artificial intelligence,
♞ Autonomous systems and robots
Ground, aviation, ocean, space
♞ Biotechnology
Nucleic acid and protein synthesis, genome and protein engineering, including design tools, multi-omics and other biometrics, bioinformatics, predictive modeling and functional phenotypic analysis tools, multicellular systems engineering, engineering of viruses and viral delivery systems, biomanufacturing and bioprocessing techniques
♞ Communications and networking technologies
Radio frequency (RF) and mixed-signal circuits, antennas, filters and components, spectrum management technologies, next-generation wireless networks including 5G and 6G, fiber optic links and fiber optic technologies, land/submarine cables, satellite communications, hardware, firmware and software, communications and network security, mesh networks/infrastructure-independent communication technologies
♞ Directed energy technology
Lasers, high power microwaves, particle beams
♞ Financial technology
Distributed ledger technology, digital assets, digital payment technology, digital identity infrastructure
♞ Human-machine interface technology
Augmented reality, virtual reality, brain-computer interface, human-machine collaboration
♞ Hypersonic technology
Propulsion, aerodynamics and control, materials, detection, tracking and characterization, defense
♞ Quantum Information Technology
Quantum Computing, Materials, Isotopes and Manufacturing Techniques for Quantum Devices, Post-Quantum Encryption, Quantum Sensing, Quantum Networks
♞ Renewable energy generation and storage technologies
Renewable energy generation, renewable and sustainable fuels, energy storage, electric and hybrid engines, batteries, grid integration technology, energy efficiency technology
♞ Semiconductor and microelectronics technology
Design and electronic design automation tools, manufacturing process technologies and manufacturing equipment, beyond complementary metal oxide semiconductor (CMOS) technology, heterogeneous integration and advanced packaging, dedicated/custom hardware components for artificial intelligence, natural and harsh radiation environments, RF and optical components, high-power devices and other critical applications, new materials for advanced microelectronics, wideband and ultra-wide bandgap technologies for power management, power distribution and transmission
♞ Space technologies and systems
On-orbit services, assembly and manufacturing, commercialized satellite buses, low-cost launch vehicles, sensors for local and wide-area imaging, space propulsion, elastic positioning, navigation and timing (PNT), cryogenic fluid management, entry, descent and landing
♚ The "portfolio" of Munger family assets was released: "The Great Butler" repeatedly doubled the bottom.
A few days ago, Himalaya Asset Management, which undertook the assets of the Munger family, disclosed its U.S. stock holdings.
Himalaya Asset Management, which undertakes the responsibility of asset management of the Munger family, was founded in 1997 by a Chinese investor, Li Lu.
According to the disclosure information: As of the end of the fourth quarter of 2021, Himalaya Assets held a total of 6 US stocks, corresponding to a market value of 2.665 billion US dollars, equivalent to 16.96 billion yuan.
The portfolio shows that semiconductor stock Micron Technology has become the number one U.S. stock holding of Himalaya assets, while the once heavy stock Pinduoduo has completely disappeared from the portfolio. Heavy positions in technology stocks, liquidation of many domestic preferences of Pinduoduoduo, the "aesthetics" of top value investment institutions seem to be far away from domestic institutions.
♚ The National Development and Reform Commission agreed that the Guangdong-Hong Kong-Macao Greater Bay Area, the Chengdu-Chongqing Region, the Yangtze River Delta Region, and the Beijing-Tianjin-Hebei Region will start to build national hub nodes for a national integrated computing power network
The Beijing-Tianjin-Hebei hub plans to set up a Zhangjiakou data center cluster. The Yangtze River Delta hub plans to set up a data center cluster and a Wuhu data center cluster in the Yangtze River Delta Ecological Green Integrated Development Demonstration Zone. The Chengdu-Chongqing hub plans to set up a Tianfu data center cluster and a Chongqing data center cluster. The Guangdong-Hong Kong-Macao Greater Bay Area hub plans to set up a Shaoguan data center cluster, and the boundary of the starting area is Shaoguan High-tech Zone.
♚ The Civil Aviation Administration of China issued the "14th Five-Year Plan for the Development of Aviation Logistics"
At the press conference, the Civil Aviation Administration of China officially released the "14th Five-Year Plan for The Development of Aviation Logistics", which is the first time that Civil Aviation of China has compiled a special plan for the development of air logistics. The "Planning" makes it clear that by 2025, China's civil aviation will initially build a safe, intelligent, efficient and green air logistics system, with significant enhancements in air logistics support capabilities, significant results in cost reduction and efficiency increase, significant improvement in the system's independent and controllable capabilities, and continuous improvement in air logistics' service capabilities for high-end manufacturing, postal express, cross-border e-commerce and other industries.
♚ REITs products are completely on fire: the year's most fierce 40%, the market is expected to usher in a new target
Since the beginning of the year, the A-share market has been turbulent, but there is one product that has come out of the "independent market", that is, REITs products. The data shows that since 2022, the REITs products that have been listed have obtained 18.12%, the REIT of Fuguo Capital Water has risen by 43.4%, the REIT of Laterite Yantian Port has also exceeded 30%, and the two public REITs of Boshi Shekou Industrial Park and Jianxin Zhongguancun have also increased by more than 20%; behind it proves its "scarcity".
According to the announcement of the Shenzhen Stock Exchange, the Penghua Shenzhen Energy Clean Energy Closed Infrastructure Securities Investment Fund, which was declared on December 30, 2021, was officially accepted on February 15. After the inquiry, review and other processes, it can be reported for issuance. Once the wholesale bank is issued, it will bring new targets to the market. At present, there are 4 products waiting for approval, in addition to the Penghua Shenzhen Energy Clean Energy REIT that has just been accepted, in addition to the Guotai Junan Lingang Dongjiu Intelligent Manufacturing Industrial Park REIT, Huaxia China Communications Expressway REIT and so on. Once these products are approved, they will give investors more choice.
♚ The UK's CPI rose 5.5% year-on-year in January, the highest in nearly 30 years
According to the data released by the British National Bureau of Statistics on the 16th, the British Consumer Price Index (CPI) rose by 5.5% year-on-year in January, the highest in nearly 30 years. Grant Fitzner, chief economist at the Office for National Statistics, said rising clothing and footwear prices were driving up inflation, and rising costs and rents of some household items were also fueling the trend.
♚ House prices in the UK rose the most in nearly two decades last year
According to the UK Land Registry, the average UK house price in December 2021 was 10.8% higher than a year ago, the biggest increase for the full year since 2002, meaning property prices have risen by an average of almost £27,000 ($36,600) in a year to a record £274,712. The Southwest saw the largest increase of 13.6 per cent, followed by the South East and The Central East; the weakest performer was London, up only 5.5 per cent, as London house prices were nearly twice the national average, with lower affordability or limiting upside.