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The collapse of “female Buffett” heavy holdings across the board gave birth to the new term “wood-style sell-off”
As the “female Buffett” Cathy Wood's heavy holdings fell across the board in early trading on Tuesday, a new term — “Cathie Wood sell-off” (Cathie Wood sell-off) — appeared on the market. At the opening of trading on Tuesday, the heavy-held stock of Wood's Ark Investments was the stock with the biggest decline in the market. Shares of Palantir, Tesla, Roku, Square, Paypal, Teladoc, Baidu, Zillow, Shopify, and Spotify all fell sharply. These are all of Wood's flagship fund Ark Innovation ETF (AARK) and sides
Female Buffett is not afraid of a sharp drop to join Tesla: the bull market is built on a wall of worry
US technology stocks fell sharply in early trading on Tuesday. The heavy-duty stock of “female Buffett” Cathy Wood's Ark Investment Management Company led the decline in the market, but for investors who really believe in technology stocks, this is a rare opportunity to buy at a discount. Wood is one of them. Wood told the media after the market on Tuesday that after Tesla plummeted 13% in early trading and erased all of this year's gains, her fund bought this stock in large quantities. Although she said she bought “a lot”, she didn't provide specific figures. Growth strategies like Wood's were tested on Tuesday. The Nasdaq 100 index fell more than 3% on Tuesday due to US Treasury bond collection
Copper prices rise above $9,000, historic shortage warning sparks record rally
The price of copper rose above 9,000 US dollars per ton for the first time in more than nine years. Bets on a rebound from the epidemic have triggered a warning that there may be a historic shortage. This economic trend vane is expected to record the longest continuous increase in history. Copper prices rose more than 2% on Monday, and February is expected to achieve an unprecedented 11-month increase. Driven by expectations that post-pandemic consumption will exceed short-term supply, basic metals have risen sharply, while raw materials such as copper and nickel have been boosted by their importance to the clean energy transition. Given the sharp upward pace, market observers have begun discussions on whether a new commodity supercycle is imminent. LME
South Korea's exports increased 16.7% year on year in the first 20 days of February, and exports to China increased 32.7%
According to data released by the Korea Customs Service (Customs) on Monday, exports increased 16.7% year on year to US$30.4 billion in the first 20 days of February. Taking into account the fact that the number of construction days was 1.5 days less than the same period last year, the average daily export value increased by 29.2% over the same period last year. Excluding the number of days of construction, semiconductor exports increased by 27.5%, automobile exports increased by 45.9%, while exports of petrochemical products fell 5.7%, and computer peripherals declined by 4.8%. By export destination, exports to China increased by 32.7% year on year, exports to the US increased by 14%, exports to Europe increased by 53.6%, and Vietnam increased by 10.9% on a daily basis
British companies' recruitment intentions hit a one-year high 56% of companies plan to hire more
According to a report released by the British Chartered Personnel Development Association (CIPD) on Monday, the current recruitment intentions of British companies are the strongest in a year. The number of companies planning to lay off employees has decreased due to improved economic prospects in the past three months. According to the association's survey, 56% of companies plan to increase the number of employees in the next few months, up from 53% at the end of 2020, but still lower than 66% before the outbreak of the epidemic a year ago. The share of companies planning to lay off employees fell sharply to 20% from 30% in the previous quarter. The healthcare, finance, education, and IT industries have the strongest hiring intentions, while the hospitality industry has the weakest hiring intentions
Bill Gates: The social media ban may cause more divisions in the US
Sina Tech News reported on the morning of February 22. According to reports, Microsoft (Microsoft) co-founder Bill Gates (Bill Gates) said that social media bans, such as Twitter Inc. (Twitter Inc.) banning former US President Donald Trump (Donald Trump) from entering the US for life, may cause more divisions in the US. In an interview with Fox News Sunday (Fox News Sunday), Gates said that Trump said many things questioning the legality of the 2020 election, but he thought, “Use a lifelong seal
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