A summary update from my FA in a recent seminar
Just for info and record here.
For the benefit of those who were not with us, it was an Investment Update by our Investment Director, *******. To summarize, he presented fundamental, economic and data information, and feels that the recent market rally was driven by liquidity and sentiment. It is not supported by fundamentals which remain weak. From the technical charts, divergence is seen in most markets. Divergence indicates that the rally is losing steam and would likely correct in the immediate term to their respective support level. The market would probably trade range-bound until clearer signs with analysts sharing common views. If the support levels are breached, markets would test new lows. Similarly, **** feels that the property market rally is not sustainable. Having said that, he emphasized that the highest importance in investment is strategy. Views may still be wrong. Nobody knows what will happen in the future. To avoid missing out on the bull run from its trough, he advised not to take a “all or nothing” approach in investment.
The above content is for information only, and should not be taken as an advice for trading please.
