π° Important H1 July News Release for SGX Investors π
πππ Key Dates Affecting our Portfolios & Stock Prices:
(1) 4 July, Mon, 9pm-Singapore Manufacturing PMI JUN
(2) 5 July, Tue, 8.30am-The S&P Global PMI Singapore JUN
(3) 5 July, Tue, 12.30pm SG time (Aus Interest Rate Decision)
(4) 5 July, Tue, 1pm-Retail Sales MAY
(5) 14 July, Thu, 8am (SG GDP Growth Rate). Note: Decrease in growth = Higher recessions risks β‘οΈ POV of investors = Increased fear, Action = Sell β‘οΈ Portfolio more redβΌοΈ
Refer to table by @Daily_Discussionfor π US dates.
QN: Why is it important for me to be aware of Aus interest rates when Iβm only trading in the US & SG markets π€?
ANS: All stock markets are inter-related due to the POV & Actions of investors who trade across multiple markets. Once 1 market starts to dip, other markets will usually follow unless in special circumstances.
β‘οΈ Even though US hasnβt announced their huge 0.75% rate hike, STI was already taking cue from Aus market & started declining. In fact, the decline after 7 June is WAY LARGER than the decline after 15 June as most investors have already sold their shares to take profit or to prevent/cut lossπ΅π»π€π
β‘οΈ See confirmation photos for STI after interest rate announcements 7th June (Aus) & 15th June (US).
π€ My trading strategy for July:
(1) Sell recession-affected stocks that are in green (Ideally will sell during mini buy-rallies but breaking even is π enough as I can always buy back later when thereβs recovery signs & prices are low);
(2) Hold my dividend stocks & stocks with strong fundamentals that are in red until storm βπͺπ is over; &
(3) Look for recession-resistant stocks to buyπ΅π»
Dear π― Friends,
βοΈ Consider POV & Actions of investors + DO Detailed Research Ourselves π¨π»βπ»π΅π»π§ = WISE INVESTINGβΌοΈ
βοΈ FOMO + Greed = πΈ/getting burned π₯π₯π₯
βοΈ Understand the π₯FOMO-institutions VS retail investors RELATIONSHIP CYCLEπ₯ (see photo). Letβs not be caught & lose our savings πΈπΈπΈβ¦π°isnβt easy to earn in SG, itβs from a lot of hard work,long hours, & sweatπ¦π¦π¦
Wishing all π―π―π― a fruitful trading in July & may we all be π₯°CONTENTπ₯°
Related posts from me π΅π»π©π»βπ»:
-Part 1:US market is a Bull Trap ππͺ€ now & NOT a rock bottom πͺ¨πͺ¨πͺ¨-Letβs wait patientlyππ»ββοΈππ»ββοΈ
-ββοΈπ 2022 Mid-Year Recap ππ
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- MortimerDoddΒ·2022-07-05Great post, looking forward to your next post.1Report
- ey79Β·2022-07-05Nice share1Report
- zingleeΒ·2022-07-04I think the SPX will continue to drop.1Report
- HarryCoxΒ·2022-07-04I didnt do anything since US market is closed1Report
- JohnnyYoungΒ·2022-07-04Lets see what the Q2 report will say1Report
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