Where are we now? A question that takes so much to answer when it comes to assessing the stock market.
While many folks around me have been busy planning trips out of Singapore for the December school holidays, some friends have been asking me what I am looking at, given the current sea of red we’ve seen over the past two months.
Year to date, we’ve seen the S&P 500 Index losing more than 27.5% between the peak and trough in 2022.
Image Source: Moomoo trading and research platform
With an anticipated rate hike on 2 November and the continued impact of the war between Russia and Ukraine, market watchers are pricing in higher interest rates, higher inflation, and a looming recession.
This may mean we have to brace ourselves for more impact as we approach the end of year holiday season.
Despite these worries I have drawn up three potential US stocks that I would add should I have an extra S$5,000....