Various foreign houses such as Bank of America, Deutsche Bank, Goldman Sachs and UBS etc. are advocating caution in the markets ahead. Some of the commonly cited reasons are valuations; still weak corporate results; U.S. election etc.

To be balanced, Morgan Stanley in its 12 Aug 2016 write-up said they continue to be bullish on equities.

As you are aware, I operate my portfolio on a short term basis. Based on my views in my previous week market write-up dated 19 Aug 2016 (click HERE), I have reduced my equity allocation from 82% on 19 Aug 2016 to around 43% invested on 26 Aug 2016. Although I am cautious on the market in the next couple of weeks, I believe there are still opportunities in the market. I will take the time to research and accumulate into some stocks (with possible near term catalysts) in the ...