Quick Poll: A breathtaking rally is coming?

Despite multiple bad news (*1, *2, *3, *4, *5, *6) such as warplanes, suspected ICBM, missiles, nuclear attack talk, jobs cut from the high growth tech sector and the long lasting high inflation, global stock market continues to rally on 5 Nov 2022.

Asian market such as South Korea index - KOSPI up 0.83%, Hong Kong index - HSI up 5.36% and Singapore index - STI up 0.89%.

Quick Poll: A breathtaking rally is coming?

Also, NASDAQ and S&P 500 were also up 1.28% and 1.36% respectively as U.S. adds 261,000 jobs (*7) in Oct 2022, beaten estimates of 200,000 jobs, and showing that the U.S. economy is great and strong.

The rally may also mean that investors and traders do believe that the stock market usually rises after the U.S. midterm election and the 3rd year of the presidential cycle is usually the best year for the stock market. (*8)

So, what do you think?

We have come to the end of today's topic. Remember to show your support by follow, like, share and comment on this post and as always, don't forget to DYODD (Do your own due diligence) when making any kind of investment.

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References:

*1: South Korea scrambles fighter jets after spotting 180 warplanes maneuvering in North Korea

*2: North Korea fires suspected ICBM, warns U.S. against 'dangerous' choices

*3: North Korea fires missile near Japan

*4: Russian military leaders’ talk of nuclear attack rattles U.S. calculus

*5: Summers Sees Risk Fed Needs to Hike Past 6% to Curb Inflation

*6: A wave of layoffs is sweeping the US. Here are the major companies that have announced cuts so far, from Twitter to Peloton.

*7: US adds 261,000 jobs in continued sign of robust labour market

*8: Stocks Usually Rise After Midterm Elections. Will That Happen This Time?