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Wk20: Ahead of Schedule – Overseas Holding hits 28%
By Invest For Yourself  •  May 15, 2021
As the saying goes, change is the only constant. In the early part of this year, SG market has been outperforming the rest. But from my last blog to today, SG market is the worst performer among the 3 markets that I track closely. STI lost 4%, HK Hang Seng lost 3.5% and S&P was literally flat over this 3 weeks period. STI loss really began early last week when COVID cases started to appear. And it exacerbated yesterday when the government announced social restrictions that were close to that of the circuit breaker last year. For many, its like deja vu all over again. The retailers and the food/restaurant operators would be hit hard. I feel for them. How things have changed within two weeks! It was looking good just a fortnight ago. It just goes to say that we cannot predict market movement. The only tools we have to be profitable in the long run is to...
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