When is a good time to enter approximately?
$PBBANK (1295.MY)$ After the USA election, what price range is more suitable to enter approximately?
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Huat2888 : What happens after US election? Sun comes out from West? No one uses bank anymore? Life goes on after 5th Nov.
103706768 Huat2888 : Alot will happen, if trump wins US start reshoring bringing back foreign labour& talent, any companies with mass globalisation will get hit. If harris wins they will continue on with DEI& LGBTQ+ and raise taxes.
Trump = short term pain but long term growth (companies with local setup will benefit)
Harris = fake growth same shit with biden fake growth& promise on paper but higher taxes and useless policy (keep wasting money on useless policy like Ukraine war, inflation reduction act, mandatory DEI hires, chips act and so on)
Both are bad for foreign banks like public bank
Huat2888 103706768 : Before last week or way before near the election, we were in Harris administration. Was it good for you in the stock market? If it's good for you, and your statement about Trump is also good then what's the difference? Both are good?
103706768 Huat2888 : Biden/harris stock market have been terrible. Look at most of the medium and small cap they are all near ATL (most are losing money every year they are all zombie company now) They keep saying nasdaq spy ATH but they dint mention the only reason why its at ATH is cuz the large cap are carrying it. Stock like NVDA went up 10x in 2 years and spilt then overtook APPL as num 1 thanks to bidens chips act. But the economy in recession and low key near depression, if harris wins again she promised to raise US income tax lagi. All i can say is if she wins during next tuesday u will be poor as fk unless u have a ton of large cap tech stock u brought 5years ago.
Huat2888 103706768 : I think you live in illusion. Look at all the stock, it's all time high for most of the stock. Not to mention the tech stocks only. Look at other industries. You read too much of Trump news. It covers the fact.
103706768 Huat2888 : I think u need to learn what is small&medium cap and whats large cap. Most small and medium are still below pandemic level, look at the russell. Its for small and medium cap almost all the stock inside at breaking lows. If the economy is doing good the russel will gv the best risk reward becuz they can grow alot faster, however its not doing well the only pump it got was during last month fed rate cut then market push the 10y back up and the russel went back to bleeding mode.(just look at their dividen yeild if its doing good it wont be lower every year after biden took office)
Either way the stock market will be affected by who becomes president and what policy they implement during january. If u believe its just sunshine and rainbow u will lose ur shirt when they start reshoring
Huat2888 103706768 : So you are saying that Malaysia market will fall until January either of them becomes President?
Huat2888 103706768 : And you're saying what drives the stock market are the small and medium caps?
103706768 Huat2888 : Malaysia market will copy what the US market does. If trump wins, we will see reshoring to the US for taxes cuts, if that happen any company that have facilitate offshore contracts for US companies will be hit (texas instruments and so on, banks too cuz the fund will go back to US). Foreign goods will also get taxes when they enter US so another hit, currently the wild card here is china. China have been printing alot of money to bail their economy, these companies will spend their money here within a few years. Stocks like hospitality leisure, airline and casino will rise when china spend their cash. Stocks that build factories and have factories& supply chain set up within US will rise when trump tax policy comes.
If harris wins then same old play book, EV, chips and gov contractors will rise the small and medium cap will keep fallinh.