Looking East is my recent thinking when come to stocks purchase. The recent Fed rate hikes and further hikes till end 2022 led me to this thinking. The US is trying to tame inflation which may cause a slow down or even stagflation in the economy.
On the other hand China and those countries in Asia or ASEAN may be trying to generate growth, in particular China, facing a slow down due to Covid19 lockdown.
Hence I am overweight on Asian stocks, reducing exposure to US, except daily addictive consumer goods like $Coca-Cola(KO)$ Coca-Cola.
Locally in Singapore, I will continue to add defensive stocks like $SHENG SIONG GROUP LTD(OV8.SI)$or potential gainers from border reopening such as $COMFORTDELGRO CORPORATION LTD(C52.SI)$.
Market and Portfolio selection and diversity are important under such circumstances. Not all doom and gloom amidst volatility. Trading opportunities are still available.
Sharing my views of recent rates hikes, geopolitical situation, rising prices affecting stock market and how we could still explore some trading options.
As usual, this is just my opinion, likely to be differ from some of you. Trade with caution and align to your objective.
Best wishes.
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Good article
Good article. Insightful and wise
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