When I Can Be Wrong About the Market
By Stocks N Savings  •  May 8, 2022
I have a base case scenario where a worsening global inflationary environment will have an adverse impact on our local companies.Moreover, our major trading partners are facing risks of their own: Prolonged COVID-19 restrictions may slow China's 2022 economic growth;
Europe faces an energy crisis from Russia's threat to turn off its gas supply;
The U.S. faces a possible recession due to over-tightening by the Fed. Major equity indices have reacted accordingly. The S&P 500 Index is down 13.5% year-to-date. The MSCI Asia Ex Japan Index is down 16.7%. The Hang Seng Index is down 14.5%. The CSI 300 Index, Nikkei 225 Index and the KOSPI Index are all underwater too. The only exceptions are Indonesia's JCI (up 9.8%) and our STI (up 5.4%). The STI's gravity defying feat is puzzling. It is as if Singapore has become unhinged to global developments. One may argue the Singapore bourse...
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By Stocks N Savings
SS is a wage slave in his early forties. He works in the information technology industry. (Technically, his employer has been operating a cloud-based Software as a Service (SaaS) platform long before the world has heard about the Internet.)

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