Markets rallied strongly over this short trading week, with US indices entering a bull market, which is defined as a >20% gain from the bottom. Optimism over the potential flattening of the curve in US and Europe, along with further stimulus from the Fed helped markets recover from their lows 2 weeks ago. Overall, my portfolio is down about 10% based on cost. Here’s my updated portfolio as of 9 April 2020:

DBS – The bank has been aggressively buying back shares since January, spending in excess of $400 million, which is greater than the full year amount spent in the past 4 years. DBS’ AGM has been postponed, which means the final dividend would be delayed. There is a concern that as Stanchart and HSBC have scrapped dividends due to the uncertainty ahead, DBS would follow suit as well. While Stanchart and HSBC were told by UK Regulators to