Weekly Market/Portfolio updates + Special Pics from SGX Bull Run 🏃♀️ 💪 💙
November Week 1: Following up from Oct updates, where I closed all positions in my portfolio before the election in case of uncertainties of a hung government, I gradually added back some positions.
As I watched the election result unravelled, it became clear that Trump was going to get a majority lead and his policies are going to be corporate friendly, I allocated 10% back to the US Indices.
I also took some short-term trades on SG banks, which paid off as their result was above market expectations and hit my take profit level. Even at $42, $DBS Group Holdings (D05.SG)$ div yield at 4.7% is still fantastic compared to SGSB or bank deposits.
With tech earnings, election, and fed rate decision over. Things get clearer. There's a bit of euphoria now, and I expect a bit of a pullback next week with markets normalising back to the 20D MA. Previous ATH and resistance levels may become new support levels going forward. I'm looking to add on more positions next week if a pullback happens.
Not trading tonight, as I take a Friday night off to join the @SGX Bull Run. Thanks @Moomoo SG for the invite as always..
Let me know what market updates you would like me to share next week. I'll try to post my trades in the comments section below, so do like, share, and follow me here on the Moo platform. Have a restful weekend!
*Here are some pics from the event*
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soyabean89 : enjoy the Friday!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
would look forward to your view on hk& china outlook with trump winning the office if you are available to share during YouTube session
Sunny Soh OP : @Moomoo SG
toomanyscammers : how will trump's win and fomc rate cuts affect bond funds, both short term and long term? :D thx . also, do bond funds and bonds move similarly? thx!
Mr Value investor : Nice
soyabean89 : buy 4d number 4165 for lotto play![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Sunny Soh OP toomanyscammers : Following Trump's election win, the yield on 10-year Treasury bonds rose to approximately 4.5%, reflecting market expectations of heightened fiscal deficits due to potential tax cuts and increased government spending associated with Trump's policies. This spike in yields typically results in lower bond prices.
If the Fed decides to cut rates, this could lead to lower yields, benefiting existing bondholders as their higher-yielding bonds become more valuable.
Short-term bond funds may experience initial benefits from reinvestment opportunities but face immediate price declines. Long-term bond funds will likely see more pronounced volatility and price reductions due to their sensitivity to interest rate changes.
Sunny Soh OP soyabean89 : Near-term its likely negative for HK and CN. Here is my comments on YouTube: https://youtu.be/w3fJMRXdKGg
Trump's return could result in tariffs on Chinese exports as high as 60%, which could inflict a heavy blow to the Chinese's economy and further strain the relations between the world's two largest economies.
This will also introduce more complexities for China's policymaking and Beijing will need to intensify their support measures next year if a renewed trade war occurs.
https://youtu.be/w3fJMRXdKGg
Samual Lee : Thank you for sharing.
toomanyscammers Sunny Soh OP : why wld short term bond prices decline tho? if fed does a rate cut. cos if they do a rate cut now, short term shld drop its yield and rise in prices
Sunny Soh OP : When fed cuts rates, yields on new issued short-term bonds typically decline, leading exisiting short-term bonds to an increase in their prices. However, if the market anticipates significant rate cuts, it can lead to short-term bond prices adjusting lower initially due to investor sentiment and the expectation of lower future yields would incline them to sell and seek better returns elsewhere or swtich to longer term bonds.