Markets News 

The luxury real-estate market in Vietnam is heating up — and it’s luring foreign buyers in with ‘sky mansions’ at a fraction of what their cost would be in NYC or Hong Kong

“International buyers may be jumping to invest in Vietnam real estate, but wealthy locals are giving them competition” writes Katie Warren for businessinsider.com. Vietnam now has 142 people who are worth more than $30 million, according to a 2019 report from global real estate consultant Knight Frank.The newest hotspot for luxury real estate is Vietnam. Source: businessinsider.com

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Markets News Stocks 

A ‘tug-of-war’ is pulling the stock market in 2 distinct directions — and how investors combat it will determine whether they survive the next meltdown

“While global stocks have gained 11% this year, $46 billion has been pulled from equity funds, according to Bank of America Merrill Lynch” writes Akin Oyedele for businessinsider.com. This risk helps explain why some investors have stood on the sidelines of this rally, and even pulled money from equity funds.According to Alain Bokobza — Societe Generale’s head of global asset allocation and equity strategy — investors must posture for the ongoing “tug-of-war” between the bullish and bearish forces pulling on the stock market.Several investors have kept their enthusiasm tempered even…

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Markets News 

BMW, Mercedes-Benz lower prices in China after VAT drop

“BMW said it would reduce prices for both domestically produced and imported models, including the locally-made BMW 3 series and BMW 5 series, along with the BMW X5 and BMW 7 import models” writes Midwest Communications Inc for 95kqds.com. Daimler AG-owned Mercedes-Benz announced similar price cuts on a range of its cars, also effective immediately, in advance of the upcoming VAT drop.SHANGHAI (Reuters) – BMW AG and Mercedes-Benz said on Saturday they will lower their prices in China, after the government announced it will reduce the country’s value-added tax (VAT)…

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Markets News 

The Hollywood ties of Treasury Secretary Steven Mnuchin have prompted questions about whether he has a conflict of interest in trade negotiations with China, the second-largest film market in the world.

“The Hollywood ties of Treasury Secretary Steven Mnuchin have prompted questions about whether he has a conflict of interest in trade negotiations with China, the second-largest film market in the world” reports washingtonexaminer.com. The transactions have raised conflict of interest concerns regarding Mnuchin’s role in trade negotiations with China and the possibility that he would benefit from increased Hollywood access to the Chinese film market. Source: washingtonexaminer.com

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Markets News 

Micron earnings: As memory-chip glut persists, can forecast raise hopes?

“This time last year, Micron forecast a rosy outlook and had announced plans to increase its production capacity as data-center demand for chips appeared limitless” writes Wallace Witkowski for marketwatch.com. Micron forecast $1.65 to $1.85 a share.In the year-ago quarter, Micron reported earnings of $2.82 a share.Revenue: Wall Street expects revenue of $5.85 billion from Micron, according to 27 analysts polled by FactSet.That’s down from $7.5 billion the Street had forecast at the beginning of the quarter, before Micron predicted revenue of $5.7 billion to $6.3 billion. Source: marketwatch.com

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Markets News Stocks 

Is the stock market up or down? Is the bull run beginning or ending? It depends.

“Is the bull market in its 11th year or just in its 11th week?” writes Allan Sloan Is for washingtonpost.com. That means both indicators are deemed to be in a bull market that had started on Dec. 24.Is the stock market up today or is it down today?. The first one is broad and involves how stock market indicators work.Partly because of what I’ve taken to calling the bifurcated bull market. Source: washingtonpost.com

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Crypto Markets News 

Interest in OTC Trading May Become the Springboard for the New Cryptocurrency Market Boom

“According to data collected by Digital Asset Research, the global daily bitcoin OTC trading value is about $250 million” writes Guest User for livebitcoinnews.com. And the first thing that interests them is OTC trading as an instrument of quick and secure cryptocurrency trading.” He sees a lot of similarities between today’s keen interest in OTC cryptocurrency trading and the industry landscape in late 2017 – early 2018, when the market was burning with fever about Initial Coin Offerings.Over-the-counter trading in digital assets is rapidly gaining popularity with the crypto market…

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Markets News Stocks 

Are nightmares of the recession still haunting your investing dreams?

“Yet many Americans remain reluctant to invest in the stock market, a scary hangover from the 2007-09 recession” writes Anna-louise Jackson for marketwatch.com. Ignore short-term fluctuations (even bear markets) so you don’t second-guess your long-term investment strategy or worse yet, sell near the bottom.But the share of Americans with money invested in the stock market still hasn’t returned to prerecession levels, according to various studies. Source: marketwatch.com

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Markets News Stocks 

Wells Fargo’s equity chief declares the end of a 2-year drought in a corner of the stock market, and outlines the best ways to profit from its resurgence

“The shaded areas in the chart below highlight moments when investors favored value stocks and reined in the premium that expensive stocks commanded” writes Akin Oyedele for businessinsider.com. Beyond the extended spread between cheap and expensive stocks, Harvey observed late last year that macroeconomic conditions were lining up in favor of value.He’s calling the end of a two-year bear market for the value factor, which screens stocks that are trading at low prices relative to their fundamental value.Specifically, the median book-to-price ratio of “cheap” and “expensive” stocks rose last year…

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Crypto Markets News 

Bitcoin Price Breakout Scheduled for August, Says Fundstrat’s Tom Lee

“Fundstrat Global Advisors co-founder Thomas Lee broke with tradition about Bitcoin (BTC) price forecasts on March 14, telling CNBC he thinks a bull mark could return within six months” writes William Suberg for cointelegraph.com. In an interview with the publication, Lee, who is well known as a Bitcoin bull — but said he would stop giving out timeframes for a price rebound in December — now claimed August could see a market U-turn. “I think the key number to watch is the 200-day moving average,” he told the network, continuing:…

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