To The Moon

World equities rose while US Treasury yields retreated after minutes of the Federal Reserve's latest policy meeting this morning showed US central bankers looking to soon moderate the pace of interest rate hikes.

A "substantial majority" of Fed policymakers agreed it would "likely soon be appropriate" to slow the pace of interest rate hikes, the meeting minutes showed. Traders had expected the Fed minutes would affirm officials' softening stance after recent data showed a moderation in economic conditions.

With another impending hikes in upcoming Dec, it is likely to cause more chaos in the market. Furthermore, some people are pointing out that the VIX is approaching below 20, which is a sign of complacency and greed in the market. However, if you were to look at the VIX trend over the last 5 years, it has stayed below 20 most of the time. 

Remember the market is forward-looking and the high interest rate environment may or may not stay for long. No one knows, only time will tell. The goal to wealth is to buy regularly. I'm converting my spare SGD to USD whenever SGD strengthens to get a better rate and the key is to buy regularly. 

Find companies with low debts and strong competitive moats. Remember that your entry price is critical, do not buy good companies at high price. Instead you should wait for opportunities to add when price is low. REITs are still falling due to more interest hikes abliet the pace of increment is slowly decreasing. However, it may also present a good opportunity to lock in good price before the interest rates peak. 

Can too much complacency in the market may lead to a 75 basis interest hike in Dec? No one knows, but every dip can present a good opportunity over the long run!! What do you think??

@Daily_Discussion  @TigerStars  @CaptainTiger  @MillionaireTiger