It has been a busy January. As you might be conscious, I’ve stored my powder dry by taking it sluggish and straightforward in Dec and have taken some opportunistic positions amid the sell-off in Dec.
Simply to recap, close to my writeup printed on 3 Dec (click on HERE), the place I discussed that I’m taking it sluggish and straightforward in Dec, S&P500 and STI fell by 5.9% and 1.2% respectively in Dec. The truth is, S&P500 registered the worst Dec efficiency in 4 years. Nonetheless, Cling Seng was nonetheless very resilient and jumped 6.4% in Dec on continuous optimism over re-opening bets in China, coupled with hopes that the strict regulation on China expertise counters is close to to an finish.
Desk 1: Indices’ performances in Dec 2022 Supply: Ernest’s compilations
January has been a really robust month this 12 months. Nasdaq has registered its 4th week of