I closed 500.0 share(s) $YZJ Shipbldg SGD(BS6.SI)$ ,I don't know what is going on, I just trimmed position at minor profits. Shipbuilding is the strongest cyclical business, hold little position at good price is ok for me.
Fed reserve is a independent private organization. His top priority is to maintain USD buying power stability. I also wonder what the Fed will do if the US government bonds default. US government and Fed have a totally different target. All Trump wanted is to refinance T-bill as low interest rate as possible, Tariff, recession, all these are tools to press down T-bill yield. when the T-bill yield surge, Trump administration quickly flipped their policy to calm down T-bill market.
I opened 1000.0 share(s) $Wilmar Intl(F34.SI)$ ,Buy the dip. I trust Wilmar management team. Their ESG record is the highest in the same industry. In the worst scenario, the bribery should be not from Wilmar high management level.