Earlier this week I wrote a piece for Patrons discussing how to invest for the next 3 to 5 years (in a world of higher geopolitical tension). In today’s article, I wanted to take a more short term perspective. As a Singapore Investor – how would I be positioning my portfolio over the next 12 – 24 months? Why 12 – 24 months? 12 – 24 months is long enough to filter out all the short term noise from market fluctuations. Yet not long enough to focus exclusively on valuations / secular geopolitical moves. Over a 12 – 24 month timeframe, the overriding factor you will be looking at is be the coming recession (if any). And how the Feds will respond. What is the stock market pricing in? Let’s start by discussing valuations. A lot of you have asked how to calculate what is priced into the market, so lets walk through that....