Market Review and Trends
Your bite-sized weekly update (30 July)
By Beansprout  •  July 30, 2022
Big tech results, SIA and iFast's mixed fortunes & Fed rate hike THIS WEEK IN MARKETS It’s been a busy week of results, and what surprised us was the divergence in company fortunes. Amazon is “seeing revenue accelerate”, Apple’s iPhone sales continue to grow but Meta saw its first ever revenue drop. Singapore Airlines reported its second highest quarterly profit on soaring travel demand, while iFast swung into a loss with writedowns in India. It seems like some companies are coping with high inflation and changes in consumer spending better than others. Warren Buffett once said “Only when the tide goes out do you discover who’s been swimming naked”. Likewise, we should be asking ourselves: What are you doing to make your portfolio resilient in both good and bad times? IMPORTANT Source: Bloomberg. Weekly price change as of market close on 29 July
  • Fed raises interest rates. The Fed raised benchmark interest rates by 0.75 percentage points as expected.
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

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