。Oversea markets: Shanghai +2.68%, Japan+1.82%, Hong Kong+1.60%, Germany +0.07%, UK -0.11%, France +0.30%.
。Global growth is expected to slow in the coming months, but several "mitigating factors" could help Asian economies to hold up reasonably well, said Piyush Gupta, CEO of Singapore's DBS Group Holdings. Asia is still projected to grow at 5.5 percent to 6 percent this year, supported by looser monetary policies and possible fiscal stimulus in the region, Gupta said. ---CNBC
。The U.S. Commerce Department sent a report on Sunday to U.S. President Donald Trump that could unleash steep tariffs on imported cars and auto parts. ---Reuters
。Lance Roberts on US-China trade talk: (https://seekingalpha.com/article/4241712-bull-trap)
While there is nothing wrong with "hoping" for a positive outcome from "trade talks," the rush to "buy" equities has effectively "priced in" the best of all possible outcomes. This leaves investors vulnerable a whole host of possible disappointments:
1. Trade deal isn't reached as China refuses to give in to demands for economic reform.
2. Trade deal is made but the magnitude of concessions is disappointing.
3. Trade deal gets extended, again, with no real progress towards a "deal."
4. Trade deal made and tariffs are ended, but such is likely already priced into current asset prices.
5. Trade negotiations collapse. (Worst possible outcome.)
The point here is that there are few outcomes for the trade deal which are extremely optimistic which would support a further surge in assets prices. The most likely outcome is this simply a "buy the rumor, sell the news" type event, and if the news is bad, the resulting sell-off could be substantial.
Sentiment conditions on Wall Street are flashing short-term danger signs. That’s because the mood has shifted from the extreme pessimism that prevailed in late December to nearly as extreme optimism today. Some call current conditions a “slope of hope.” According to Mark Hulbert's HNNSI index , in late December, this average was lower — at minus 72.2% — than at almost any other time since he began collecting data in 2000. Today, in contrast, the HNNSI has risen to plus 73%. That’s higher than 90% of all comparable readings since 2000. ---Mark Hulbert
。The cryptocurrency markets have enjoyed a day of significant bullish action, with only four of the top 80 crypto assets by capitalization posting a 24-hour loss. ETH was the strongest performing leading market, comprising the only cryptocurrency in the top 25 by market cap to post a double-digit gain for the day. ---Bitcoin News
Two pension plans in Fairfax County, Virginia are anchor investors in a new $40 million venture-capital fund, according to a statement from the company. Other investors include an insurance company, a university endowment and a private foundation, said Morgan Creek Digital founder Anthony Pompliano, who declined to provide further details. Many institutional investors, which crypto enthusiasts believe will be drawn to digital assets because of their volatility and potential out-sized gains, have been deterred by market manipulation and a lack of regulation. The Virginia pension funds join a handful of institutions to invest in the crypto world, including Yale University, the second-largest endowment in higher education that invested in a digital assets fund last year.
Morgan Creek Digital, which is an affiliate of the investment manager Morgan Creek Capital Management LLC, exceeded its original target of $25 million for the fund. Its pitch: all traditional assets will eventually be represented by digital tokens, while the influx of intellectual capital into digital assets will create positive returns. It also argues that cryptocurrencies are not correlated to traditional assets, giving investors unique exposures.
。太平洋时间早上8点：道指停市，标准普尔500指数停市，纳斯达克停市，罗素2000停市。 WTI原油+ 0.77％，黄金+ 0.56％，美元指数-0.13％。
。海外市场：上海+ 2.68％，日本+ 1.82％，香港+ 1.60％，德国+ 0.07％，英国-0.11％，法国+ 0.30％。
。新加坡星展集团控股有限公司首席执行官Piyush Gupta表示，预计未来几个月全球经济增长将放缓，但一些“缓解因素”可能有助于亚洲经济体保持良好的增长势头。古普塔表示，由于货币政策宽松以及该地区可能采取的财政刺激措施，亚洲经济预计今年仍将增长5.5％至6％。 --- CNBC
。美国商务部周日向美国总统唐纳德特朗普发送了一份报告，该报告可能导致对进口汽车和汽车零件征收高额关税。 ---Reuters
。Lance Roberts预期美中贸易谈判结果对股市的影响：（https://seekingalpha.com/article/4241712-bull-trap）
虽然“希望”通过“贸易谈判”取得积极成果并没有什么不妥，但急于“买入”股票已经有效地“反映”了所有可能结果中的最佳结果。这让投资者容易受到一系列可能的失望：
1.由于中国拒绝屈服于经济改革的要求，因此没有达成贸易协议。
2. 贸易协议达成，但让步幅度令人失望。
3.贸易谈判再次延长，没有真正取得“协议”的进展。
4.贸易协议达成和关税结束，但股市近期的涨幅可能已经定反映了这个结果。
5.贸易谈判破裂。 （最糟糕的结果。）
这里的重点是贸易协议的结果已经在股市反映了而不会导致股市进一步飙升。最可能的结果是这只是“买谣言，卖新闻”类型的事件。如果释坏消息，股市的抛售可能是巨大的。
。加密货币市场享受了一天的大涨幅。前80名加密资产中只有四只发布了24小时亏损。 ETH领先市场是表现最为强劲的。在市值排名前25位的加密货币中，是唯一当天获得两位数增长的货币。
。第一个养老基金进入加密货币投资：（https://www.zerohedge.com/news/2019-02-12/crypto-bulls-rejoice-first-public-pensions-invest-crypto）
根据该公司的一份声明，弗吉尼亚州费尔法克斯县的两项养老金计划是新的4000万美元风险投资基金的主要投资者。 Morgan Creek Digital创始人Anthony Pompliano表示，其他投资者包括保险公司，大学捐赠基金和私人基金会，他拒绝提供进一步的细节。许多机构投资者，由于其波动性和潜在的超大收益而被数字资产所吸引。但之前他们一直被市场操纵和缺乏监管所阻止。弗吉尼亚养老基金加入少数机构进入投资加密世界，这些机构其中包括耶鲁大学，它是去年投资于数字资产基金的第二大高等教育基金。
Morgan Creek Digital是投资经理摩根溪资本管理有限责任公司的附属公司，超出了该基金2500万美元的原定目标。它的投资基调是：所有传统资产最终都将以数字代币为代表，而教育资本流入数字资产将带来正回报。它还认为加密货币与传统资产无关，给投资者带来了独特的投资渠道。
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