Tagged: Spark Global Limited reports:

Goldman sachs calls the oil price crash almost comical: assume global air travel stops for three months

Spark Global Limited reports:

Damien Courvalin, oil strategist at Goldman Sachs, said the market overreacted to the plunge in oil prices caused by the new mutant strain of omicron.

Indeed, According to Courvalin’s calculations, the price changes are almost comical, assuming that the emergence of a new virus will cause global air travel to come to a complete halt for three months.

Courvalin noted in a research note Wednesday:

“In the face of the uncertain Novel Coronavirus variant, the market lacks discretionary buying activity, prices plummet as a result and a dire demand outlook is assumed. “Based on our pricing model, the market is now assuming demand will fall by 7 million BPD over the next three months, and OPEC+ response cannot offset that.”

To put this in perspective, Courvalin adds, this could represent any of the following extreme outcomes:

1. Not a single plane flew in the world for three months;

2. [Omicron would have triggered] half the global lockdown intensity in q2 2020;

3. The drop in global aviation demand to last winter’s levels (which reduced demand by 1m b/d) was twice as big for EU demand as last winter’s Alpha strain (which reduced demand by 200 b/d) and twice as big as the hit to Chinese demand from this summer’s Delta strain (which reduced demand by 1m b/d).

Taken together, Courvalin thinks the sharp pullback in oil prices looks overdone. He said:

“We think the price fall is overdone, but it is understandable given the low year-end liquidity and risk appetite. Given the high degree of uncertainty currently in place, we will await further news on variation development and additional limits before updating our supply-demand balance and oil price forecasts. However, we reiterate our view that the market reaction has far outstripped the likely impact of the latest variant on crude oil demand.”

Bank of America also stuck to its forecast for oil prices of $85 a barrel by 2022, saying prices could soar above $100 a barrel if air travel rebounds.

Francisco Blanch, head of commodities at Bank of America, said on Wednesday:

“The Omicron variant could derail the recovery a bit, but we don’t know how it will play out.”

The United States does not plan to revert to previous measures, including home and travel restrictions, to stop the spread of omicron, and a treatment for the variant is expected to be available within the next two months, Blanch said.

Bofa expects global oil demand to reach 100.5 million barrels a day next year. Beyond Omicron, however, potential risks to oil prices include the release of more strategic oil reserves in consumer countries and the easing of sanctions on Iran.

Oil should be at least $80 / BBL, beware of a wild rally

Crude oil suffered a “crazy” rout on Friday, the seventh-largest one-day drop in history. So what is a fair price for crude oil after the crash? Goldman Sachs has an answer.
The first thing to understand is that Friday’s crash lacked any fundamental drivers.
The initial rout began with renewed fears of widespread lockdowns and travel bans, but a range of technical factors, including weak post-holiday trading volumes and algorithmic trading (down) chasing momentum, exacerbated the sell-off, according to analysis. Prices have been falling as oil prices have broken through key technical levels, with WTI crude futures trading below their 100 – and 200-day moving averages. On a day when many participants stayed away from the market, this gave algorithmic trading the upper hand.
Then the options market began to work. When prices fall sharply, banks typically sell futures contracts to hedge against losses on put options. Banks typically sell put options to producers that want to weather bear markets. This feedback loop, known as negative gamma for options traders, was seen as a factor in Friday’s wild sell-off.
Finally, investors rushed to cover short positions, triggering a precipitous fall in oil prices. Giovanni Staunovo, commodities analyst at UBS, said:
“Factors such as a technical break and a low liquidity environment following the Thanksgiving holiday exacerbated the price decline.”
One thing is for sure: Friday’s plunge had nothing to do with fundamentals.
As Damien Courvalin, commodity strategist at Goldman Sachs, wrote when oil hit $74 a barrel, the market is pricing in a loss of about 4m b/d on the demand side over the next three months, and Opec + has not acted in response. Mr Kuvalin, who has become Goldman’s designated “oil cheerleader”, has been outspoken over the past four months about his target for oil above $90 a barrel in the coming months.
How terrible is the market pricing it? By comparison, during last winter’s pandemic wave, global oil demand fell by “only” 2 million b/d, meaning that the market is now pricing in twice as much demand loss as it did last winter! Goldman sachs thinks this is overly pessimistic.
Goldman sachs believes Opec + will suspend its production increase for at least a month if demand collapses, which is widely expected to last until April 2022.

Combining various analyses, Goldman sachs concluded that the new wave of COVID-19 could affect 700,000 b/d of oil demand over the next three months, which should at best result in oil prices that are only about $2 / b below Goldman’s current oil price forecast. On Friday, however, the price of cloth oil fell $12 below Goldman’s forecast, or $10 a barrel too much.
When combined with the negative impact of SPR releases from consuming countries, Goldman Sachs estimates net releases of 47 million barrels in the first half could add about $2 a barrel to the downside. That means oil prices should be at most $5 a barrel lower than Goldman’s forecast. Goldman sachs previously forecast a $85 / BBL oil price for Q4 2021 to Q1 2022. So Goldman sachs thinks a worst-case scenario would be $80 a barrel.
On the other hand, the combined negative impact of a new epidemic wave and SPR release is likely to be offset by the lack of progress in Iran nuclear deal negotiations and the possibility of Opec + freezing its production. Goldman sachs expects Iran’s oil supply to start increasing only in the second quarter of 2022 due to slow progress in the nuclear talks.
If, as Predicted by Goldman Sachs, the new strain of the disease does not lead to more blockades, crude could be in for a buying frenzy, as Friday’s price drop was overdone. Moreover, when US traders return after the holiday, trading volumes will return to normal and oil prices could rebound quickly. The longer-term outlook for crude prices remains robust.
Amrita Sen, chief oil analyst at consulting firm Energy Aspects Ltd., agreed, saying in an interview:
“The market’s fall on Friday was overdone and that was pricing in the worst-case scenario.”
‘Once the Omicron scare subside and a broad rally in oil prices approaches triple digits, it will be both ironic and a once-in-a-lifetime buying opportunity,’ zero Hedge notes. In fact, the odds are rising. Opec +, led by Saudi Arabia, is leaning towards abandoning plans to increase production by 400,000 b/d in January and beyond at its December 2 meeting, according to an Opec delegate who spoke on condition of anonymity.

Musk cashed out another $1.05 billion and threatened to give JPMORGAN a one-star rating

Spark Global Limited reports:

According to an SEC filing, Musk exercised 2,152,681 options at a price of $6.24 and sold 222,711 Shares of Tesla stock on November 23, totaling 934,091 shares at a valuation of $1.05 billion.

Since Nov. 8, Musk has sold about 9,164,148 shares of Tesla stock, or 53.75% of his previously committed shares. Currently owns 16,8638,933 tesla shares through its trust fund.

Even after a flurry of bad news over the past month — Musk promised to sell 10% of his stock and Tesla was sued by jpmorgan for $162 million for alleged malicious breach of contract — tesla’s stock is up about 30% so far this year.

In a lawsuit filed in the US District Court for the Southern District of New York on November 15, jpmorgan accused Tesla of defaulting on fees for a deal it helped arrange in 2014, the Wall Street Journal reported. According to a complaint filed in Federal court in Manhattan, jpmorgan’s warrant agreement with Tesla requires it to deliver stock or cash if its share price is above the contract’s “strike price” when the warrants expire.

Jpmorgan has not been involved in any tesla products or deals since 2016, and Musk has turned to other banks for personal loans.

Musk responded to jpmorgan’s lawsuit on Wednesday, saying the bank was the only one to make such a change and that it was “unreasonable and speculative.” Musk told the media:

“If JPMORGAN doesn’t drop the lawsuit, I’ll give them a one-star review on Yelp.”

Some analysts believe Tesla has had a far greater impact on the stock market than its size suggests.

Driven by ordinary retail investors, nominal trading volume in Tesla options has averaged $241bn a day in recent weeks, according to Goldman Sachs. By comparison, Amazon, the second most active single-stock options market, trades $138 billion a day, compared with $112 billion for the rest of the S&P 500. Tesla has also pushed U.S. options trading volumes higher than actual stock trading volumes this year.

Hedge funds betting against Tesla have lost more than $60 billion over the past decade, according to S3 Partners, a financial analytics firm. This year alone, the losses amounted to $11 billion. Michael Green, chief strategist of Simplify Asset Management, said:

“Shorting Tesla is a very arrogant trading strategy at this stage.”

Oil prices rose after the United States emergency oil release!

Spark Global Limited reports:

The United States announced on Tuesday that it would release 50 million barrels of crude oil from its reserves and planned to work with several other major consumers to cool prices. But oil prices rose, not fell, after the bad news.

International oil prices soared after the announcement. WTI Crude for January delivery closed up 2.28% at $78.50 a barrel on Tuesday. Brent Crude for January delivery closed up 3.27 percent at $82.31 a barrel. Sanya disk week, international oil prices continued to rise.

The Wall Street Journal notes that analysts question whether the government is releasing enough to keep up with surging demand. The main purpose of the release, they added, may be to show that the White House is determined to do all it can to tame inflation.

The New York Post reported that the market did not look favorably on Biden’s move. The senior vice president of oil markets at Rystad Energy said:

“The problem is that everyone knows this measure is temporary. So once you stop, if demand continues to be higher than supply as it is now, then you’re back to square one.”

Beware of increased dollar volatility, with gold looking for a break in the 1840-1890 range

Spark Global Limited reports:

Last week was a volatile one, with the U.S. House of Representatives passing a nearly $2 trillion stimulus bill, Austria announcing the resumption of restrictions, and the U.S. trying to persuade more countries to release oil reserves. The U.S. dollar index.DXY rose to a 16-month high on expectations of a Fed policy shift and safe-haven demand, while a rally in international gold prices took a hit, while U.S. stocks diverged and crude oil fell to its lowest since October.

The New York Stock Exchange was closed on Thursday for the Thanksgiving holiday in the United States. Trading in ICE’s Brent crude oil contract and CME’s precious metals, U.S. crude oil and foreign exchange contracts closed earlier at 02:30 Beijing time on Thursday.

On Friday, the New York Stock Exchange closed early at 02:00 Beijing time, ICE’s Brent crude oil contract closed early at 04:00 Beijing time, and CME’s precious metals and U.S. crude oil contract closed early at 02:45 Beijing time. Trading of CME’s foreign exchange contracts ended early at 02:15 Beijing time on Monday.

Holiday approaching market liquidity may gradually decrease, volatility may gradually become larger, please traders do a good job of risk control.

① Biden Nomination for Fed chair, Brainard more bullish on gold?

U.S. President Joe Biden said last Thursday he would announce his choice to lead the Federal Reserve in about four days. The White House said Thursday that it will have more information on the selection of federal Reserve chairman early this week. Currently, the market is predicting that Biden will choose between current chairman Powell and board member Brainard. The choice will have a profound impact on the economy over the next four years.

On Friday, two Democratic senators, Jeff Merkley of Oregon and Sheldon Whitehouse of Rhode Island, urged Mr Biden not to nominate Mr Powell for a second term. But given the strong Republican support for Powell, there aren’t enough progressive Democrats to sway Biden if he chooses him.

If Ms Brainard is elected, the Fed’s monetary policy is seen as more dovish than it is now. Huatai Futures analysis said that if Brainard was eventually elected means that the Federal Reserve this round of tightening pace will be slower than expected, in 2022 or only a rate hike, short-term is expected to drive us bond rates lower, precious metals significantly benefited.

Some analysts say that no matter who Biden nominates as the next Fed chairman, the Fed’s monetary policy is expected to shift next year, and the first rate hike is expected to come later than the current market expectation, as early as December next year.

The Kitco survey suggests gold may move into a consolidation this week.

Edward Moya, senior market analyst at OANDA, said there is a big risk that short-term Treasury yields could change dramatically if Brainard unexpectedly becomes the next Fed chair. If Mr Biden nominates Ms Brainard, gold will climb as expectations of a Fed rate hike are pushed back further. But a Powell renomination would not necessarily mean a sharp fall in gold prices. For now, the risks remain skewed to the upside.

Moya said gold prices could remain in the $1840-1890 / oz range this week and would not be surprised to see gold hit $1890 and then fall back. If gold is softer, there is also considerable support in the $1840-1850 range. In addition, bitcoin fell below $60,000 and is at risk of falling further, which could be good news for gold.

Strategists at TD Securities said gold could face further selling risks if it falls below $1,840 an ounce this week. While gold remains an ideal hedge against the risk of rising stagflation, the tug of war between high inflation and market pricing in Fed rate hikes is not finally over.

② Japanese government considers releasing strategic petroleum reserve

Japan and the United States may issue a joint statement on the release of oil reserves as early as this week in a bid to stem rising oil prices, the Yomiuri Shimbun reported. Prime Minister Fumio Kishida told reporters the previous day that his government was reviewing possible measures to work with other countries to resolve the issue. While Japan’s oil reserve law does not allow the release of reserves because of high prices, both the government and the private sector currently hold more than the legal minimum.

Mr. Biden’s attempts to lower oil prices haven’t resulted in any action that directly affects supplies, but expectations have been enough to move the market. Oil prices have pulled back more than 8% from their recent highs.

However, Goldman Sachs recently pointed out that the U.S. government’s release of emergency crude oil reserves has been fully priced into the market, if the U.S. confirmed the release of reserves, instead of the upside risk to the 2022 oil price forecast.

③ RBNZ announced the interest rate resolution, the possibility of a 50 basis point hike

On Wednesday, the Reserve Bank of New Zealand released its interest rate decision. A Reuters poll showed 19 out of 20 economists think the RBNZ will raise rates by 25 basis points to 0.75 percent at Wednesday’s decision. Another sees a rise to 1%.

New Zealand bank ASB said the RBNZ rate hike of 36 basis points on November 24 had already been priced into the interest rate market, meaning a 50 basis point increase to 1.0% was highly likely, rather than the 25 basis point increase expected by market economists.

Nomura also believes New Zealand’s continued strong economic data suggest the economy is overheating and there is more than a 25 basis point chance of the RBNZ cash rate hike of 50 basis points on November 24.

In addition, following the RBNZ rATE-setting meeting, the MONETARY Policy Committee does not reconvene until February 23. With a three-month gap between meetings, Nomura sees merit in putting the brakes on, which would take the cash rate to 1% by the end of the year. NZD/AUD has been supported by recent commodity price volatility and rBA signaling rate hikes are some way off. Hence, Nomura is bearish on AUDNZD.

(4) The Federal Reserve released FOMC meeting minutes, pay attention to the details of the subtraction

In the early hours of Thursday morning, the Fed will release the minutes of its FOMC monetary policy meeting. Later the same day, the European Central Bank released the minutes of its October monetary policy meeting.

Inflation will continue to be the focus of the Fed minutes. Investors can watch for details of members’ discussions on downsizing, as well as their latest views on the economic outlook, labor market and inflation. Fed Vice Chairman James Clary, Governor Robert Waller and St. Louis Fed President James Bullard signaled last week that accelerated tapering would need to be discussed at the December meeting.

Trading is expected to be lower this week ahead of the Thanksgiving holiday, but the upward trend in the DOLLAR index is expected to continue. Rising expectations of an early rate hike by the Federal Reserve and modest tightening expectations from other central banks have led to a widening divergence in policy between the U.S. and major central banks, which could support a rally in the INDEX.

(5) Will the dollar soar when the Fed’s preferred inflation measure hits and Europe takes a turn for the worse?

On Tuesday, Markit will release purchasing managers’ indices for manufacturing in a number of European and U.S. countries, giving investors a glimpse of how high inflation and supply chain bottlenecks are affecting the recovery in those economies.

On Wednesday night, there will also be a flurry of key us data, including durable goods orders, the Final University of Michigan consumer sentiment index for November, the revised real GDP reading for the third quarter and the Fed’s preferred inflation gauge, the Personal Consumption Expenditures Price Index. The index is expected to increase 0.4% month-on-month versus 0.2% last, and 4.1% yoY versus 3.6% last.

Earlier, the U.S. consumer price index (CPI) recorded the highest year-on-year growth in 31 years. If the PCE data also confirms that U.S. inflation pressures are too high, it could lead Fed officials to discuss accelerating the pace of their bond tapering at their next meeting.

Dollar volatility has risen to a three-month high, with traders positioning for an average daily volatility of about 0.42 per cent for the dollar index over the next three months.

At the same time, lagarde stressed last week that the European Central Bank will not tighten monetary policy for the time being, the euro may face more adverse conditions.

A euro/DOLLAR close below support at 1.1290/00 could add further downside momentum, Forexlive analyst Justin Said. The pressure is intensifying as the dollar and yen rise, with Austria announcing a nationwide lockdown and Germany likely to follow with more restrictions, raising concerns in the currency world. Eurusd traded at 1.1278 as of press time.

It is worth noting that November 24 is the largest option expiration date before the end of the year, with about 4.2 billion euros of eurusd options with strike price of 1.15 and about 1.6 billion euro exotic options expiring, so we need to be alert to the increased volatility of the euro.

J.p. Morgan Private Bank: Inflation decoupling would be extreme and still positive for developed market performance

Spark Global Limited reports:

The out-of-sync of the post-pandemic global economic recovery continues to take its toll on production, supply chains and international logistics, and market analysts have been debating whether the current inflation is a “blip”. In response, jpmorgan Private Bank said that much about inflation is still unknown, but the key question is how central banks around the world will respond to this set of uncertainties.

It noted that while Russia, Brazil and Mexico had all started raising rates in emerging markets, central banks in the larger developed markets were still struggling to delay expectations of rate rises and avoid an early tightening cycle. Across countries, where consensus expectations for inflation in 2022 and 2023 have risen more so far this year, expectations for monetary tightening at the end of next year are higher.

In the case of the big three central banks, the markets see a higher chance of inflation averaging above 3% in the US and EU over the next five years than less than 1%. But the relative prices that protect against high and low inflation are consistent with what the bank observed in the early post-pandemic era. In the UK, inflation risks are now as high as they have been in the post-pandemic era.

According to jpmorgan Private Bank, this explains why the Bank of England has seemed more sheepish in the face of recent inflation moves, while the Federal Reserve and European Central Bank have been relatively calm, which has actually been a positive for markets.

It said both the Fed and the European Central Bank had been able to remain patient in the face of near-term inflationary pressures, underscoring its optimistic outlook for global risk markets. As a result, the bank continues to recommend taking advantage of the repricing of us short-term interest rates by moving out of cash and into short – and medium-term bonds to take advantage of current excess yields.

Jpmorgan Private Bank, meanwhile, continues to be bullish on global equities. But overall, they are more bullish on developed markets than emerging ones.

This is because, in developed markets, central banks have been able to keep policy accommodative for longer in the face of higher-than-expected and more persistent near-term inflationary pressures, the bank notes. Of course, in emerging markets, they also have a number of promising sectors and exposure.

The key risk to jpmorgan’s private bank’s view is that if long-term inflation expectations show any signs of breaking anchor in the US and European markets, it will undermine their bullish scenario. This could lead to a more aggressive tightening cycle, or even a premature end to the cycle. But for now, the bank sees this as an extreme risk rather than a base case.

The impact of Brexit will force the Bank of England to raise rates first

The Boe is expected to be the first major central bank to raise rates since the Novel Coronavirus pandemic swept through the global economy, with investors and economists increasingly confident it will do so on December 16.

Goldman Sachs Asset Management said Labour shortages caused by Brexit could mean the Bank of England raises interest rates sooner than other major central banks.

Goldman sachs is shorting Gilts on expectations that the Bank of England will raise interest rates next month and raise them twice more by June 2022. Goldman sachs is also shorting sterling on the prospect of further disruption to trade between Britain and the European Union.

Hugh Briscoe, global fixed income portfolio manager at Goldman Sachs Asset Management, said via email:

“The impact of Brexit is mainly on the Labour supply side, and while this is a global issue, the UK is coming out of the pandemic with a particularly severe Labour shortage.”

Briscoe said.
“We think that some markets digested by the degree of future monetary tightening one year is too big, but even in these markets, we have to increase its exposure to be cautious, because as we gradually close to interest-rate increases, increased space increased in volatility, we think the curve is too flat, but the situation of the dislocation in the short term are likely to continue.”

Briscoe also said sterling would weaken if the government triggered Article 16 of the Northern Ireland Protocol, but the downside was expected to be limited. That’s because the EU is likely to follow legal procedures and delay significant sanctions to give room for a deal.

UK inflation surged to a 10-year high in October as household energy bills soared, data showed on Wednesday, which will also strengthen expectations of an interest rate rise by the Bank of England next month.

Bank of England Governor John Bailey said on Monday he was very uncomfortable with the inflation outlook and that his decision to leave rates unchanged earlier this month had been a very difficult one.

Robert Alster, chief investment officer at Close Brothers Asset Management, warned against assuming a bank of England rate rise next month was a foregone conclusion. He said:

“Ultimately, the impact of higher inflation on consumer spending and confidence will be a key measure of stability and determine how hawkish the Boe needs to be. We are also likely to see rate hikes being pushed out into 2022.”

The Phillips Curve: What does it tell us about inflation?

Spark global limited reports:

The Phillips curve is back in focus.
U.S. inflation has remained high this year, with several key measures of consumer prices rising faster than in past years.
All major official measures of inflation rose sharply in 2021, especially the consumer price index.
The cost of living rose 5.4% over the past year, the biggest increase since January 1991, according to recent Labor Department data.
Food, furniture and rent costs are soaring as shortages caused by supply chain problems and limited housing supply combine to fuel inflation.
Economists seem to have found the answer: As the job market continues to recover from the COVID-19 pandemic, inflation is picking up. Today, we’re going to talk about a very important concept, the Phillips curve, which emphasizes the inverse relationship between unemployment and inflation.

We’ll tell you more about this curve, why it plays such a crucial role in mainstream economics, and why it attracts a lot of criticism.
Phillips curve
The Phillips curve is a curve showing an inverse relationship between unemployment and inflation.
This curve was first proposed by William Phillips in his 1958 paper “The Relationship between unemployment and the Rate of Change of money Wage Rates in the United Kingdom, 1861-1957”.
This curve played a crucial role in developing the mathematical models used by the Federal Reserve and other central banks to analyze macroeconomic policy.
What did William Phillips take away from his research
William Phillips is a New Zealand economist whose resume website includes working as a secret radio operator in a Japanese prisoner of war camp, working in a gold mine in Australia and catching crocodiles.
In his 1958 paper, Phillips showed that unemployment and wage inflation were inversely correlated in Britain between 1861 and 1957.
His reasoning is that when unemployment is high, employers rarely raise wages, if at all, because workers are easy to find.
However, when unemployment is low, employers raise wages more quickly because they have a hard time attracting workers. Wage inflation soon leads to higher prices for goods and services.
Two years later, Us economists Robert Solow and Paul Samuelson seized on Phillips’s paper, emphasising in a 1960 paper that his findings also applied to the US.
The two men named the downward sloping line the “Phillips Curve”, which can be plotted on a graph of wage inflation and unemployment against each other. This curve also applies to price inflation, since wages and prices tend to move together.



How to write a cover letter to get accepted?

Spark Global Limited reports:

When looking for a job, a cover letter or resume to introduce yourself is indispensable. A cover letter is an introductory letter to introduce yourself. Compared with a resume, a cover letter is more subjective, attracting attention and interest by summarizing one’s job intention and working ability. So how can you write a cover letter to increase your chances of being hired?

The content structure of the cover letter
The purpose of your letter is to explain the position you are applying for. The second part of self-introduction, which is also the key part to sell themselves, can introduce personal learning and work experience, the important thing is to highlight the degree of personal and the job. The third part is personal planning, which can simply express personal development vision and explain their positive work attitude. The fourth part is the end of the department, leave their own contact information, that is, looking forward to interview communication.

What to do in a cover letter
First of all, the length of the cover letter is not easy to be too long, concise, highlight the key points, the recruiter’s time is very precious, too long will make people do not want to read, the overall control in 200-300 words can be.

Secondly, in order to get people’s attention, you must highlight that you are the person they are looking for and that you have the ability to fill the position. So before writing the cover letter, you should first research what kind of person and skills are needed for the position, and then demonstrate your strengths around those skills. For example, this position needs talents with certain management ability, so the self-introduction part of the cover letter can simply introduce which teams you have led and which achievements you have achieved. At the same time, try to use data to quantify the display, so that it is more intuitive and more influential.

Again, pay attention to the understanding of how to apply for the company’s corporate culture, and then in your cover letter showing personal work attitude is fit to the enterprise culture, here don’t write too painstakingly, in a cover letter briefly mention his company’s atmosphere is how to, as long as consistent with to apply for company, that can increase each other’s affection for you.

In the end, you should not exaggerate in your cover letter, but be realistic and sincere. Otherwise, exaggerated statements may cause a sense of difference to the interviewer, which may have a negative impact on the final outcome of the job search.

A cover letter expresses our subjective wishes when applying for a job. A good cover letter can improve our probability of participating in the interview and leave a good impression on the employer. Therefore, in the job search, the writing of the personal cover letter must be carefully carefully.

HR can see the resume, have done these 3 points!

Spark Global Limited reports:

In the background and in the topic square of our APP, some friends often ask questions like:

I’ve been scratching my head and writing resumes for days, getting few interview invitations and no idea what the problem is.

When we are immersed in our own ideas, we tend to think that “what we think is good equals what HR thinks is good”, but ignore the mentality and focus points of HR when selecting candidates. In only ten seconds of screening time, these three points are indispensable to make your resume quickly capture the “heart” of HR.

The layout is clear and clear
If the HR to look at the resume of the scene of life, it might be like this:

You went to a sichuan restaurant and picked up a menu to pick a few dishes, the results through the haven’t seen what dishes, ten pages are full of sichuan origin, the hotel’s history such as gossip, so you backwards to see again, also have no, you don’t have patience, rapidly through the whole book, finally find the picture in the middle a few pages is not tempting dishes, That’s when you lose half your interest in eating.

Think of it this way: when an HR person sees a sloppy/sloppy resume, if they can’t find key information quickly, it’s likely to get tossed out.

Good typography is essential to getting the HR to read your resume. Here’s what you can do:

(1) Resume structure should be clear. Here are two kinds of general framework, the specific display content can be adjusted according to the actual situation and job requirements.

① Fresh graduates can be arranged according to the structure of: personal information – self-evaluation – education experience – internship experience – campus experience – vocational skills (language, certificate, computer, etc.) from top to bottom

② Professionals can be ranked from top to bottom according to the structure: personal information – self-evaluation – work experience – project experience – education experience – vocational skills (language, certificate, computer, social training, etc.)

(2) Arrange your experience in a backwards timeline, putting your most recent work experience first. If you are changing careers, you can move the experience that best matches your target position to the first place, so that HR can know your match quickly.

(3) Resumes are business documents, so it’s best not to be unconventional. In particular, don’t use fancy typography and design elements. Try to keep your layout clean and focused. But to distinguish the text and make it easier to understand, we can add simple symbolic elements.

(4) For fresh graduates or those who have just entered the workplace for a few years, it is recommended that the content of the resume be limited to one page as far as possible. For experienced seniors, it can be appropriately relaxed to 2-3 pages.

Design jobs can prepare a portfolio, electronic volume as far as possible to control within 10M, select the essence, too large and miscellaneous content will improve your elimination rate.

Content matching, in line with recruitment needs
A good resume is one that fits the requirements.

When we write a resume, we must avoid by all means autobiographical creation, that is, to write their own experience all over again, done. The result is that the HR takes a look at your resume and it’s not appropriate.

So before writing a resume, we must find the correct starting point, starting from the position:

(1) First read the recruitment needs, draw JD keywords, split keywords, find out the requirements of hard and soft skills behind;

(2) Keyword extraction. That is to say, summarize each type of work I have done in a few words, or summarize the main work contents of this experience in a few words, and learn to use data presentation in the process of generalization.

A: What do you think of your work experience?

Data analysis: collected and analyzed sales data, competitor data, and the launch and effect of various paid advertisements on the platform, improved sales plans, developed monthly and quarterly sales plans and product category planning, and successfully selected the super popular models to achieve a good result of 240,000 yuan in single day through commodity data analysis.

Find the correct positioning, highlight personal advantages
In the limited space of your resume, take the opportunity to show your most valuable strengths.

First, be sure to match the needs of the position.

The position you are applying for requires comprehensive documents such as reports, minutes of meetings, etc., so you need to highlight your word processing skills and demonstrate your work experience in document writing.

Secondly, the highlight should have difference.

In terms of self-evaluation or personal interests, eight out of ten people say that they like writing, and you also write. How can you make others remember you quickly?

Detail the results of your writing — starting your own column is a plus.

Finally, learn to refine and polish.


A: Responsible for writing articles on the website, updating tweets on the website every week and increasing the activity of the website.

B: In order to improve the activity of the website, I wrote 3 articles every week, and read more than 5000 articles. I kept interaction with users in time and answered more than 50 messages.

Which of the two expressions do you think HR would prefer?

A mismatched CV can get in the way, and the perfect CV can take a lot of trial and error, but there is a good, fast way. 51job hire senior HR, 1V1 help you customize your resume, understand the key points of the position, avoid resume minefield, let your resume easily catch the heart of HR. After all, HR is the best HR person in the world.

The new October, I hope everyone can have a good future.

Spark Global Limited