「Stock Forex Trading Preferred Chinese Brokers』
Hot topics
Musk joined Twitter's board
Tesla's boss, billionaire Musk, filed a 13D form with the SEC on Tuesday revealing his 9.1 percent stake in Twitter, after he filed with the SEC on a 13G form. Briefly introduce the difference between 13G and 13D: 13G means that investors expect to do passive investment, that is, they do not want to win a seat on the board, and even further reorganize the board, change management and so on. The 13D document means that the shareholders behind this will actively affect the management of the company and other aspects, and can be defined as active investors. In order to avoid being completely controlled by Musk, the Twitter management appointed Musk as a member of Twitter's board, and during Musk's term as a board member, his ownership ceiling was limited to 14.9%, thus eliminating the possibility of Musk acquiring Twitter.
In fact, Musk's acquisition of Twitter is not sudden, we can see from the disclosure documents, Musk has been gradually eating Twitter's stock since January 31, almost every day in the form of cash gradually bought, but just said, from Musk's disclosure of the legal documents can be known, on the surface, the real intention of no one knows, but on the surface he is not here to speculate, in order to make an impact on Twitter. On Monday night, Musk launched a poll in Twitter asking Twitter users if they want an edit button, which means they can re-edit after they've tweeted. In fact, everyone knows that Musk is a complete Twitter maniac, before the universe big internet celebrity Trump was blocked, but Musk still did not operate on Twitter. When Musk insisted on Tesla before, he also launched a vote on Twitter, that is, whether he should pay taxes by reducing his Tesla shares, and the final result was that more people supported him to cash out and pay taxes. Now, I don't know if the tax is paid, but Twitter's shareholding ratio is close to 10%.
If nothing else, Twitter's stock price has been down since October last year, with a 50% decline between highs and lows, and a bottom shock before disclosing Musk's position, rising 40% in two trading days after disclosure.
First of all, Musk himself has a great influence on the Twitter community, with a high number of fans of 80 million, and is also a loyal user of Twitter, and the board of directors of Twitter has been criticized before, are some people who do not use Twitter much, and Musk's addition can also be regarded as a reversal of this image. From the feedback of the market, everyone is also very excited about his joining, he disclosed the large amount of holding 10 days ago, he had criticized some of Twitter's content control policies, and even asked netizens whether they wanted a new social media, all of which opened up a huge imagination space to the outside world, becoming the main reason for Twitter's recent surge. Some professional organizations also believe that Musk's joining will change the social media's ability to operate, believing that he will take a more active stance on Twitter's operations, thus reversing Twitter's depressed stock price. But if we jump out of the stock price level, a little conspiracy theory, Musk also hopes to have a greater voice on social media, more voice, from the current political environment in the United States and the election model can see how much energy opinion leaders have in bipartisan politics. So from the results, after Musk became the majority shareholder, the stock price rose, the stock in his hand appreciated, the Twitter board absorbed Musk has also been welcomed by users and the market, Musk has also become the world's largest social media shareholder, in the short term it seems to be a no-loser deal, as for the future, you can only wait for the test of time.
Hawkish rhetoric hit the market, and the Fed remains the main influencing factor in the market
Let's not care whether the intention is like this, but at least in terms of behavior and results, the US political and economic circles are pushing the dollar upwards, and the dollar index is finally close to 100 points at one point.
First of all, in terms of war, the conflict between Ukraine and Russia has eased a few days ago, but the Western mainstream media suddenly reported that Russia has taken action against ukrainian civilians, so Europe and the United States will increase sanctions against Russia, and the Ukrainian side, Zelenskiy also suddenly changed his mouth, saying that his meeting with Putin is unlikely, but Ukraine and Russia still have to continue negotiations, and Ukraine is also ready to join NATO at any time. As a result, the euro fell rapidly and the dollar strengthened. On the Fed's side, senior officials have released new hawkish signals, including a 50 basis point rate hike, and more importantly, the balance sheet began to shrink as early as May, the US stock and debt double kill, and the european and American Treasury yields collectively rebounded sharply. Here is a simple supplement to the problem of bond yields: the yield of the treasury bond is relative to the price you bought, and when the interest rate of the bond is expected to rise in the future, everyone will sell the old bond at hand to chase the new bond with a higher yield. And these current bonds are sold, which will lead to the purchase of the current bond price is lower, so that relative to its original interest rate, the cost of buying is reduced, the interest rate is still maintained at the original level, then the relative yield is increased.
That goes back to the Fed's hawkish signals, because the Fed's most focused inflation indicator, the PCE Personal Consumer Spending Price Index, grew 6.4 percent year-over-year in February, well above the official target of 2 percent and hit a 40-year high since 1982, with core inflation also high and inflationary pressures widening. Coupled with the recent Russian-Ukrainian conflict, rising global commodities and supply chain shocks have led to an upward bias in inflation risks. Coupled with the fact that the current employment in the United States is relatively sufficient, the economic recovery after the epidemic is relatively smooth, giving the Fed the confidence to accelerate tightening. On the one hand, the urgency of inflation, coupled with the real need for a return of the dollar, coupled with the economic environment that gives the Fed confidence to adopt more aggressive tightening policies, has led to market setbacks.
It can be seen that the US dollar still has a strong appeal in the world financial market, and the Fed's policy and expectation management are still effective, so paying attention to the Fed's policy trends is still a must for us investors.