It has been a little while since my last post.
And I guess the market situation has changed a little since then, so I thought of penning my thoughts down on the situations for some of the markets namely the U.S market, China market, and also Bitcoin.
So far, here is the YTD performance for these markets.
- S&P 500: +8.03%
- SSE Composite Index: +2.84%
- Bitcoin: +56.42%
At the end of 2023, I did a poll in my telegram group.
I asked the audience which of the three scenarios they seek most likely to happen in 2024.
- China Equities rebounding
- Bitcoin hitting $100,000
- S&P 500 hitting 6000
Majority of the audience thinks that China equities rebounding sharply seems to be the more plausible scenario. I personally think that Bitcoin hitting $100,000 is the most likely one.
It is still very early in the year and I guess the jury is still out on this.
However, this makes me realise something. Perhaps, a majority of my readers are actually contrarian investors....
