The Fed has spoken: Interest rates will be higher for longer. With another rate hike in the cards and dashed hopes of early rate cut next year, I’m bracing myself for further market turbulence, as the stock market has rushed to re-price their expectations accordingly. Hence, I’m taking profits off my gains in the technology stocks $NVIDIA Corp(NVDA)$ and $Tesla Motors(TSLA)$ , which have risen significantly since the beginning of this year, as I await new catalysts to drive the stocks to greater heights. I’ll look to regain the positions when the stocks approach their support levels, as despite a looming stagflation, I remain optimist
$OVERSEA-CHINESE BANKING CORP(O39.SI)$will be announcing its 1H2022 earnings results before market open this Wednesday. Look forward to its overwhelming results above market expectations! Release the bulls!
I’ve been dollar-cost averaging into ($STI ETF(ES3.SI)$) as our local market index went through a roller-coaster ride lately, regardless of market pessimism over a recession triggered by over-aggressiveness in interest rate hikes by the Fed, and of market optimism that the surging inflation might have peaked, leaving room for the Fed to be less hawkish moving forward.I try not to over-react to daily news, and prefer to dollar-cost average regardless of the market movements, as I believe that even if individual companies may underperform at times, but the broader market will continue to grow over the long term.$STI ETF(ES3.SI)$comprises of the bluest of the blue chips on Singapore bourse, weighed heavi
$STI ETF(ES3.SI)$Luckily Tiger Brokers had subsidized my purchases! Hope to collect more as the price dips while others take flight to safety, as Ibelieve that the market will prevail and emerge strong after the market turmoil!
$DBS GROUP HOLDINGS LTD(D05.SI)$will be announcing its first half of the year earnings results next week. Hope that it will be welcoming results to the market! Huat ah!
My most memorable investment first quarter of this year will be $GLOBALFOUNDRIES Inc.(GFS)$. I bought some shares around its IPO price and sold all in early March which gives me a nice profit that I am happy with despite market turmoil. Hope I can buy again when the price goes lower. 😊. Good share to monitor but price fluctuation more than its competitors. @TigerStars
US markets were deep in the red last night after the hawkish remarks from Powell. The markets were increasingly worried that the Fed may trigger a recession as it hikes rates aggressively to contain the surging inflation.Asia markets are expected to follow suit. The market volatility may present opportunities to buy stocks on the cheap.@TigerWire