Dear all
It has been a busy January. As you are aware, I have kept my powder dry by taking it slow and easy in Dec and have taken some opportunistic positions amid the sell-off in Dec.
Just to recap, with reference to my writeup published on 3 Dec (click HERE), where I mentioned that I am taking it slow and easy in Dec, S&P500 and STI fell by 5.9% and 1.2% respectively in Dec. In fact, S&P500 registered the worst Dec performance in four years. However, Hang Seng was still very resilient and jumped 6.4% in Dec on continual optimism over re-opening bets in China, coupled with hopes that the strict regulation on China technology counters is near to an end.
Table 1: Indices’ performances in Dec 2022
Source: Ernest’s compilations
January has been a very strong month this year. Nasdaq has registered its 4th week of
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