This September could be an exception,ie, not likely to see market decline. Why I think so? First, we are expecting Fed cut on interest rates. This means it will be more affordable to trade/invest in equities with lower interest or cost of capital.This can also lead rotation of funds from bonds, t-bills, and money market funds into equities now that there is more potential for growth and lower returns from fixed income. The second reason is that this August is different and also an outlier- it's not bullish at all as we experience the Black Monday as result of Japanese Yen carry trade. Now stocks are still near support and still potential to recover. I will remain bullish but cautious too and act accordingly as the market present itself.
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I'm reducing my exposure this Feb as based on history, pullback/correction happens in mid February. I'm keeping my watchlist of strong companies and preparing cash for it when healthy pullback happens [Miser] [Great]