Weekly Thoughts
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Stocks stage a sharp recovery but realities of spread of the virus remain grim
Policy makers come to the rescue of financial markets for nowStock markets staged a brief but violent relief rally in the face of still elevated volatility levels, as politicians finally followed their…
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Dislocation of asset prices leave our earlier scenario of stocks bottoming in doubt
Politicians failing to tackle the growing humanitarian crisis For the first time since this weekly publication began nearly two years ago, it’s been challenging to know where to really start. First and foremost,…
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US government’s latest measures look to provide a solid floor for global stock markets
Trump’s awakening to virus realities a huge step to calm marketsNever the term ‘relief rally’ was more appropriate than for Friday’s US stock market rebound as investors were heartened by Trump’s climb-down…
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Policy makers remain on the back foot while we continue to suggest bargain hunting in key tech segments
Covid-19 dominating headlines and keeping the fear gauge elevated For the seventh week in a row, our weekly publication remains dominated by the Covid-19 outbreak. As we pointed in our first issue in…
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As stock market sell-off engulfs all sectors, we suggest buying secular growth names aggressively
Complacency no more! Although in our last weekly publication we suggested that VIX index or the fear gauge was still indicating that complacencies lingered in the US market regarding the impact of the…
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Virus stricken economic activity in Asia leaves little room for optimism for now
Covid-19 going global There are two important aspects of the virus that epidemiologists now highly suspect of. First is that those infected that are asymptomatic could still be highly contagious. The second and…
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Prolonged negative impact of Covid-19 raises doubts about v-shaped recovery scenarios
As US stocks melt up, investors in Japan are more cautious of contagion The US stock market’s liquidity-driven melt-up continues as investors have brushed aside worries about the Covid-19 virus, and are further…
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Despite positive signs of the virus containment, normalisation could take much longer than hoped
The full impact of the virus coming to light but normalisation could take monthsAlthough we had predicted that stock markets would bottom out within the first two weeks of February, once the…
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Coronavirus fast becoming a known known
Short-term economic fallout from virus looks substantial As we highlighted last week, all bullish bets are off as 2019-nCoV virus had the potential to be a Black Swan event and we advised investors…
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Coronavirus: The known unknown
Caution is warranted until at least the middle of next month Just when we thought Japan’s stock market was poised for big gains, we have encountered what can be best described as…