To The Moon

One third of the first month of 2023 has past and a lot of action has taken place. The market has rallied somewhat because of the employment report last week. In light of that, there have been highs and further lows (which I believe everybody's favourite $Tesla Motors(TSLA)$  hit at $101. Even with the new lows, there is a bit of uncertainty whether that is the bottom. My opinion is that it could go lower to around $99).

This speaks much about the volatility in the market where each week is a roller coaster ride of ups and downs. However, for me, I am looking past the weeks ahead at Feb, where companies will be announcing their earning. I know that the uncertainty there is whether companies have taken the macro conditions sufficiently into account and adjusted their estimates sufficiently. 

As a $Grab Holdings(GRAB)$ investor, I felt that the CEO has brought this message succinctly across in his last earnings call. This may be sufficiently addressed in terms of growth. Perhaps the real question is whether more consumers than expected have been trying to save cost and demand has fallen.

The stock I have to hedge against volatility is one of the three anchors of the STI, which is $DBS GROUP HOLDINGS LTD(D05.SI)$  . This stock, however, has been on the rise to near $35 last week but I'm hoping it will go a bit lower so I can accumulate more.

So there you have it. My strategy this week is to look for more stocks to accumulate at lower prices in preparation for Feb. I do feel that the economy may pick up because China has opened up by easing on its measures. This may cause a surge in business and services sectors (of which $Grab Holdings(GRAB)$ is one of them). Let's hope we see a better year this time!

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