A team led by Nikolaos Panigirtzoglou, a global market strategist at JPMorgan Chase, pointed out in a recent report that so far this year, retail investors have invested approximately US$485 billion in U.S. equity funds, and since mid-May, retail investors’ investment momentum in individual stocks and options has regained momentum. accelerate.

At the end of 2020, JP Morgan Chase estimated that retail investors will inject 500 billion U.S. dollars into the U.S. stock market throughout 2021. However, the Panigirtzoglou report recently stated that if the current purchase rate continues, the number may soar to $1 trillion.

However, the headwinds of US stocks are coming quietly, and the US stocks adjustment may be underway.

After the Fed released the “hawk” signal last week, the Dow Jones Index recorded its biggest weekly decline since October 2020. Moody’s chief economist Mark Zandi recently warned that the Fed’s “eagle” will trigger a 10% to 20% correction in US stocks.

The Federal Reserve issued an interest rate resolution last week, still deciding to keep the policy interest rate near zero and the scale of QE bond purchases unchanged, but it raised the two major managed interest rates. In addition, the interest rate dot chart released by the Federal Reserve suggests that as the economy recovers rapidly from the impact of the new crown epidemic and inflation rises, officials are expected to raise interest rates twice before the end of 2023, much earlier than expected in March.

Zandi hinted that in this context, the US stock market adjustment may already be in progress, because investors have begun to panic.

The Dow Jones index just set its biggest weekly decline since October 2020, down 3.45%. The S&P 500 index last week was the worst since the end of February, and the Nasdaq index, which is dominated by technology stocks, also fell last week.

Unlike the sharp decline in US stocks in the past few years, Zandi does not expect the stock market to recover quickly this time because market valuations are already very high. He expects it may take a year to resume the original rally. Although Zandi issued a warning to the market, he believes that the economy will avoid a recession because this recession is mainly due to risks caused by excessive asset prices, rather than serious fundamental problems. Zandi has been warning of inflation for months. At the beginning of March, Zandi asserted that inflation would be “far ahead”, and investors did not recognize and fully grasp the risks. Zandi said that inflation is still an issue affecting stock market and bond investors. Zandi believes that it is unlikely that the benchmark 10-year U.S. Treasury yield will continue to fall:

“Considering the current situation, I would not expect the yield to remain at 1.5% in the long term.”

Stocks and bonds are not the only risky assets that attract Zendi’s attention. Zandi also believes that the sell-off of commodities and cryptocurrencies is brewing more trouble. In addition, in the case of rising mortgage interest rates, he is worried about the sustainability of the booming real estate market. Coincidentally, Micheal Burry, the prototype of “Big Short” and a well-known hedge fund manager, also issued a warning to Bitcoin a few days ago, saying that retail investors who buy “group stocks” and cryptocurrencies are about to usher in devastating losses. In addition to holding stocks, Burry also issued a warning to cryptocurrency enthusiasts to borrow money to buy their favorite currency unscrupulously. He wrote on Twitter:

“Like most things, the problem with cryptocurrency is leverage. If you don’t know how much leverage there is in cryptocurrency, then you don’t know anything about cryptocurrency.”

According to CoinDesk data, after Bitcoin broke through $63,000 and hit a record high in mid-April this year, it has fallen by more than 40% so far. Ethereum has also fallen sharply after its surge, starting from the record high set in May. It has fallen by more than 45%. The Federal Reserve’s interest rate decision has caused turmoil in US stocks, and the sell-off of commodities and cryptocurrencies is brewing more trouble. We return to the beginning of the message and cannot help asking, will the momentum of retail investment throughout 2021 continue? New York Stock Exchange (NYSE) President Stacey Cunningham recently stated that the price of meme stocks (referring to stocks that retail investors are keen to buy on social media) may be distorted because most of these stocks are traded outside the US public exchange. Place. Cunningham said that the price formation of meme stock does not truly reflect the relationship between supply and demand. Morgan Stanley CEO James Gorman also said that meme stock has brought some benefits because this trend has attracted younger investors to enter the market, but warned that the dramatic rise in stocks such as AMC and Gamestop could be the “cause of disaster.” Gorman believes that the huge returns that some meme stocks have received in a short period of time are not healthy, and these gains are “to some extent the root of the disaster.”

A team led by Nikolaos Panigirtzoglou, a global market strategist at JPMorgan Chase, pointed out in a recent report that so far this year, retail investors have invested approximately US$485 billion in U.S. equity funds, and since mid-May, retail investors’ investment momentum in individual stocks and options has regained momentum. accelerate.

At the end of 2020, JP Morgan Chase estimated that retail investors will inject 500 billion U.S. dollars into the U.S. stock market throughout 2021. However, the Panigirtzoglou report recently stated that if the current purchase rate continues, the number may soar to $1 trillion.

However, the headwinds of US stocks are coming quietly, and the US stocks adjustment may be underway.

After the Fed released the “hawk” signal last week, the Dow Jones Index recorded its biggest weekly decline since October 2020. Moody’s chief economist Mark Zandi recently warned that the Fed’s “eagle” will trigger a 10% to 20% correction in US stocks.

The Federal Reserve issued an interest rate resolution last week, still deciding to keep the policy interest rate near zero and the scale of QE bond purchases unchanged, but it raised the two major managed interest rates. In addition, the interest rate dot chart released by the Federal Reserve suggests that as the economy recovers rapidly from the impact of the new crown epidemic and inflation rises, officials are expected to raise interest rates twice before the end of 2023, much earlier than expected in March.

Zandi hinted that in this context, the US stock market adjustment may already be in progress, because investors have begun to panic.

The Dow Jones index just set its biggest weekly decline since October 2020, down 3.45%. The S&P 500 index last week was the worst since the end of February, and the Nasdaq index, which is dominated by technology stocks, also fell last week.

Unlike the sharp decline in US stocks in the past few years, Zandi does not expect the stock market to recover quickly this time because market valuations are already very high. He expects it may take a year to resume the original rally. Although Zandi issued a warning to the market, he believes that the economy will avoid a recession because this recession is mainly due to risks caused by excessive asset prices, rather than serious fundamental problems. Zandi has been warning of inflation for months. At the beginning of March, Zandi asserted that inflation would be “far ahead”, and investors did not recognize and fully grasp the risks. Zandi said that inflation is still an issue affecting stock market and bond investors. Zandi believes that it is unlikely that the benchmark 10-year U.S. Treasury yield will continue to fall:

“Considering the current situation, I would not expect the yield to remain at 1.5% in the long term.”

Stocks and bonds are not the only risky assets that attract Zendi’s attention. Zandi also believes that the sell-off of commodities and cryptocurrencies is brewing more trouble. In addition, in the case of rising mortgage interest rates, he is worried about the sustainability of the booming real estate market. Coincidentally, Micheal Burry, the prototype of “Big Short” and a well-known hedge fund manager, also issued a warning to Bitcoin a few days ago, saying that retail investors who buy “group stocks” and cryptocurrencies are about to usher in devastating losses. In addition to holding stocks, Burry also issued a warning to cryptocurrency enthusiasts to borrow money to buy their favorite currency unscrupulously. He wrote on Twitter:

“Like most things, the problem with cryptocurrency is leverage. If you don’t know how much leverage there is in cryptocurrency, then you don’t know anything about cryptocurrency.”

According to CoinDesk data, after Bitcoin broke through $63,000 and hit a record high in mid-April this year, it has fallen by more than 40% so far. Ethereum has also fallen sharply after its surge, starting from the record high set in May. It has fallen by more than 45%. The Federal Reserve’s interest rate decision has caused turmoil in US stocks, and the sell-off of commodities and cryptocurrencies is brewing more trouble. We return to the beginning of the message and cannot help asking, will the momentum of retail investment throughout 2021 continue? New York Stock Exchange (NYSE) President Stacey Cunningham recently stated that the price of meme stocks (referring to stocks that retail investors are keen to buy on social media) may be distorted because most of these stocks are traded outside the US public exchange. Place. Cunningham said that the price formation of meme stock does not truly reflect the relationship between supply and demand. Morgan Stanley CEO James Gorman also said that meme stock has brought some benefits because this trend has attracted younger investors to enter the market, but warned that the dramatic rise in stocks such as AMC and Gamestop could be the “cause of disaster.” Gorman believes that the huge returns that some meme stocks have received in a short period of time are not healthy, and these gains are “to some extent the root of the disaster.”

In a new study published in the journal Acta Astronautica, scientists said, in the future, a dangerous asteroid will plunge itself and collide with Earth. Relatively, an asteroid does not need to be too large to cause severe destruction. One of the simulations in this study is the asteroid 300 meters (1,000 feet) in diameter, the size of six Olympic swimming pools. This is not a large asteroid, but it would still destroy an area of ​​a large city with just the initial impact. An asteroid of this size is possible; as of October 2020, scientists have discovered 9,336 near-Earth object / asteroids (NEO / NEA) that are larger than 140 meters in diameter. Among them, scientists have classified 2,122 as potentially hazardous objects (PHO). So the risks here are not astronomically low – they are more likely to fall to Earth. Scientists say NASA has found that nuclear weapons are “10 to 100 times more effective” in moving asteroids out of a collision course with Earth than alternatives. Non-nuclear, thanks to the much higher energy of fission materials than conventional materials. This energy will apply the asteroid / asteroid an appropriate force to push the asteroids / meteors closer to Earth out of their original orbit. Detonating nuclear weapons to prevent an asteroid / asteroid plunge into Earth is considered optimal and feasible; Source: popularmechanics.com There are two ways to “treat” an asteroid / meteor – disruption or deflection it. In their research, the scientists ran computer simulations to see how it could dislodge the asteroid 300 meters from its flight path toward Earth. Shattering was Armageddon’s solution – hitting the asteroid directly to shatter it into much less damaging pieces. The other way – deflector, is a more “elegant” solution, according to the researchers. This only involves redirecting the entire asteroid so that it doesn’t hit Earth, eliminating the remaining variable left behind by a broken asteroid – debris. When detonating a nucleus near an asteroid, what happens is quite simple – detonating a nuclear device above an asteroid irradiates a certain surface area. Material near the surface melted almost immediately. This small amount of superheated matter then expands out of the asteroid as “blown”, creating a pressure wave in the remaining asteroid. A rocket-like emission pulse is transmitted and the asteroid’s initial velocity is altered, deflecting the asteroid. Nuclear detonation in simulations to change the intensity of its released neutron energy, the scientists found, up to 70% of the deflector action. So if we do this in the real world, the nuclear device will liquefy part of the asteroid’s surface, creating a backlash that alters the asteroid’s orbit. It must be a nuclear device that releases neutrons, not an X-ray emitter, to be as efficient as possible, the researchers said. And while we hope we never have to use those, it’s definitely better if we know in advance that we can.

Shedding her cheating husband in ‘Kieu’, ‘Hoạn Thu’ Cao Thái Hà plunges into young love arms Movie content Sugar Mommy & Sugar Boy revolves around the process of Thuy Linh (Cao Thai Ha) overcoming the threshold of the first marriage after days of immersed in hurt and tears with her husband Dinh Trung (Quang Minh). If part 1 opens the more or less shocking secret behind the cover of “father and daughter”, in part 2, the value of love at the age difference will appear beautiful, romantic through the love story of Thuy Linh (Cao Thai Ha) and a mysterious young man after she divorced her ex-husband. In part 2, the role of “pilot” of Cao Thai Ha was chosen by the director to send gold to actor Ly Binh. The actor was once known as a familiar actor, director, and MC on the small screen. Recently, Ly Binh’s name has been noticed when publishing a relationship with singer and actress Phuong Trinh Jolie. In part 1, she had a miserable fate when she hit Dinh Trung – a betraying husband. While on the big screen, the actress is also actively promoting the role of Hoạn Thu – a woman who was also cheated on by her husband to follow another girl in the film. Kieu . After two times of falling in love, will the “pilot” Ly Binh finally become Cao Thai Ha’s stop in the new movie? In the 4.0 era, will women still endure to embrace a love after divorce or will they immediately forget and accept new love? Age is not important in a relationship Sugar Daddy & Sugar Baby but in the world Sugar Mommy & Sugar Boy Does it cause a barrier? And can women’s hearts fall in love from the beginning or are just filled with hatred? When she finds a new taste of love with a young man who is both sweet and pampering, will Thuy Linh’s wife be corrupted like Dinh Trung’s husband when planning revenge on her husband? … All answers will be revealed in the world Sugar Mommy & Sugar Boy broadcast in the future.

One of the classic scenes in the movie “Immortal King Godzilla” is the scene where the super beast Godzilla breaks into Hong Kong, climbs skyscrapers and destroys the entire city, in real life also appears a scene. the same, similar. A supermarket in Thailand recently had to reluctantly welcome “uninvited guest”, this guest not only has a giant appearance but acts extremely fiercely, it climbed onto the 10-storey shelf, making people being present at the supermarket panicked, as if the scene in the movie was actually happening. According to the information, this giant lizard appeared suddenly, it rushed into the convenience supermarket and quickly walked over to the beverage area of ​​the store, clenching tightly against the fridge glass door. When it discovered that the refrigerator could not be opened, it began to climb to the next shelf, throwing all the drinks and cakes on the ground, causing everyone to scream in fear. However, then this giant lizard did not move any more, it just rested on the top of the shelf, spitting out its long tongue to enjoy the coolness of the air conditioner. According to Jejene Narumpa, who filmed and photographed the scene, the giant lizard broke into the supermarket to cool off because the weather was too hot. Although its actions frightened everyone, she found it amusing. According to Jejene Narumpa, this giant lizard is more than 1m long, really very similar to the image of Godzilla in the recently released Hollywood blockbuster. After the images of the supermarket breakout lizard were posted on Facebook, a lot of netizens commented, saying they really felt this giant lizard looked like Godzilla. At the same time also expressed sympathy for the animal because the weather in Thailand is really hot. It is known that this giant lizard is a mangrove lizard or mangrove lizard, when mature can be up to 1.2 meters long, mainly inhabiting the Pacific Ocean on the islands of Australia, New Guinea. to the Caroline, Solomon, Marshall, and Mariana Islands. With an unusual climate, temperatures in the Southern Hemisphere and other countries rising every year, giant lizards breaking into homes, shops and other shady places to cool down are unavoidable.

The 3rd day of the 3rd lunar month is Han Thuc Tet. According to Vietnamese tradition, every year on this day, family members come together to make floating cakes, vegetarian cakes to present to their ancestors and ancestors.

Drift cake, vegetarian cake is an easy dish to make with simple ingredients such as flour, brown sugar and sesame (sesame). But not everyone can be successful with this dish and there have been many times that netizens have to laugh at the faulty versions of floating cakes due to the clumsy girls returning to their talents.

The round cake, seemingly very simple, makes many women “half-hearted, half-laughed” because the finished product is “not like a dream”.

Because of letting the fire go too far, the sister association’s floating cake can no longer retain its round shape, but now it is crumpled and squishy.

Too much hand making the cake crust and inside the inside are sticky is something that many of you have encountered when making cakes to float the Korean Lunar New Year.

Sometimes, the broken plate is not made by the person, but by the clumsiness of the person eating it.

Many products of “brave girls” make people laugh and cry, unable to understand what this is really.

Following the correct formula online, what kind of abstraction is this …

The large, distorted vegetarian cakes in the bowl are the clearest proof that you should not go to the kitchen again.

After being posted, the post received thousands of likes and comments.

Nowhere is the image of “my body is both white and round” of floating cakes that once appeared in poet Ho Xuan Huong’s poetry. Photo: General

Invite readers to watch the video: Floating cakes, vegetarian cakes – the cultural beauty of the Korean New Year – Source: VTV24

At times, many places across the country were flooded with information about sophisticated tricks to “hide the ball” of multi-level business. At that time, the wave of multi-level sales such as octopus spouts, crept into every corner in many rural areas, stirred the already very peaceful lives of the people here. Because of the desire to be rich, many people have spent money to multilevel and then fall into the trap of scams that the family goes bankrupt.

But the multi-level “tornado” is still nothing compared to the “fever” of virtual land.

Artwork: Ha Giang

These days, real estate prices in many provinces are increasing “rapidly”, creating a “fever” of land, especially in rural areas. Provinces and cities such as Hanoi, Thanh Hoa, Quang Ninh, Bac Ninh … land prices in suburban areas have doubled or even tripled in just a few months. In many places, people quit production and business to carry money to trade land.

The land fever not only occurs in the planned areas but also occurs in locations that are not under the planning such as: forest land, field land, garden … “Storks” appear everywhere in the area. These areas create false excitement, pushing prices up every hour to entice investors in. For example, outside of Hanoi, there are areas that increase the price from 5 million / m2 to 7 million / m2 in just one day….

In general across the country, the average land price increases 10% -15% after 1 month. With such attractive profits, many people quit their businesses, their production, and withdraw money from banks to invest in land.

Everywhere, everywhere, people talked about land prices. This story appears in the whole meal, the people’s sleep makes life turn upside down, work stops.

Prescribe root treatment

According to many opinions, the low interest rate of credit plus the idle money of the people makes a large capital pouring into real estate, creating a virtual “fever” in the suburban areas.

This is not the first time the appearance of “fever” of soil. So the question is where is the managerial responsibility of the authorities, especially the responsibility of the local government?

The local government – where the land “fever” occurs, cannot ignore this situation because it will make a big obstacle to calling for and attracting formal investment. In fact, the increase in land prices will lead to a series of other costs increasing, especially the cost of compensation for site clearance … Thus, it will affect economic development in localities with ” fever “soil. Consequences of the land price increase will also reduce investment resources for production development in many other sectors and fields of the country.

Therefore, the local government needs to promote propaganda and explain to the people the serious consequences of the land “fever”, which will certainly limit a lot of speculation.

Commenting on this issue, Professor Dang Hung Vo – former Deputy Minister of Natural Resources and Environment, said that the “fever” situation of land everywhere over time is partly due to the impact of the 2013 Land Law. regulations on sub-plots for sale are expanded.

According to him, countries around the world use the form of subdivision for sale only to settle urban housing, not in commerce because in principle, the real estate market must exploit the value of the investment. land, not waiting for land price increases to make a profit as a form of “eating away”.

Professor Dang Hung Vo pointed out, from 2016 to 2020, the Government has instructed four times to amend the Land Law, however, up to now the Land Law has not been revised. In particular, the land is clogged with old regulations. For example, current agricultural land has not yet implemented effective accumulation and concentration. Along with that is the land transfer in the countryside almost not according to the procedure but mainly by handwriting. Then the problem of housing development nowadays also has many bottlenecks … Especially the problem of foreigners buying underground land in Vietnam … It is these shortcomings that have a direct impact on the real estate market, making distorting and manipulating the market, creating opportunities for those who have the opportunity to make money.

Therefore, Professor Dang Hung Vo emphasized that the revision of the Land Law is extremely necessary.

Along with that, according to experts’ view, in the context that lending interest rates are pouring heavily on real estate, the State Bank needs to closely monitor and supervise lending activities to prevent loans to production and business, but actually poured into real estate.