I first wrote this post in my email newsletter here.
When there’s a dip in the stock market, everyone freaks out.
We saw this during COVID-19 pandemic in 2020, then the Ukraine War in 2022.
In October 2022, I wrote my Diligence Research Report: Safe Haven for Less Than a Singapore Dollar:
“$36 trillion wiped out over the last nine months.
A wild sell off in the market that impacted asset classes across the ‘entire risk spectrum’. The war on inflation is a terrible fight.
The global macro is painful, as we, as a country in Asia, also feel the impact of higher interest rates – for one, our local banks are raising mortgage rates on properties. There’s no doubt there’s still going to be more pain ahead. The Fed has already penciled in another 0.75% rate hike and plans to shoot rates up to close to 4%. The kind of levels I’ve not even experienced since I’ve started work in finance.”...
