Thoughts on Week Ahead 13 Feb 2023: Analysts Recommendation Revision, next market driver?

Thoughts on Week Ahead:

Week 13 Feb 23

Analysts Recommendation Revision, next market driver?

Market Recap

Markets experienced a volatile week, S&P500 -1.11%, HSI -2.17%, due to uncertainty surrounding US FED interest rate policy. Dollar Index +0.57% spiked, causing a sell-off in some markets. Despite the selloffs and news headlines, market expectations for Fed fund futures remained at 5.25% for 2023.

Outlook for the Week Ahead

Volatility is expected to persist, particularly in HK and China. Meanwhile, US and SG markets are likely to experience sideways trading. DBS' results on Monday could set the direction for STI.

Analysts could revise their target prices and ratings, following a year of downgrades, as China reopening is expected to have a ripple effect on more industries and markets.

Weekly Investment Strategy

We see recent market correction as an opportunity to pick up quality names in the market. As long as markets do not breach key support levels, we are using this sell-off as a buying opportunity.

Following is link to stocks' Year to date performance for SG,HK and US markets. Overall investors seems picking up tech, travel related and consumer discretionary sectors. Likely rational, valuations becomes more reasonable and China reopen theme.

https://docs.google.com/spreadsheets/d/1ND3f5ZZyph6O_tM9sTaT4hI8ukTpoqdu/edit?usp=sharing&ouid=101538497175344321065&rtpof=true&sd=true

Blog disclaimer applies

Historical Stock Market Performance During the Year of the Snake (2025)

Historical Stock Market Performance During the Year of the Snake (2025) Introduction: The Chinese zodiac plays a fascinating role in shaping cultural beliefs and behaviors. Among the 12 zodiac animals, the Year of the Snake is often associated with intelligence, caution, and financial shrewdness. We take a simply review of three key indices, S&P 500, Hang Seng Index (HSI), and Straits Times Index (STI), annual performance during the Year of the Snake. Key Observations from the Data: S&P 500 Performance: Average annual return: 0.47% . Win/Loss ratio: 37.5% (3 years of gains vs. 5 years of losses). Notable years: 1989 marked a robust gain of 27.25% , while 1941 saw a steep decline of -20.22% , coinciding with global tensions during World War II. HSI Performance: Average annual return: -5.36% . Win/Loss ratio: 66.67% (2 years of gains vs. 1 year of losses). Notable years: The index's strongest year was 1989, with a return of 5.55% , while 2001 suffered a severe decli...

Week Ahead: US Indices Momemtum in Question

Week Ahead: 10 March 2025 Key event this week was U.S. indices technically closed below the key 30-week (or 150-day) moving average . For the upward trend to continue, the indices need to reclaim levels above the moving averages. Remaining below the 30-week (or 150-day) moving average could indicate that the upward trend has reversed downward. However, in the short term, we expect a rebound as the indices trade near their respective support levels. Medium Term: S&P 500 (SPX): The S&P 500 broke below its key upward trendline, which had been established since October 2023. In the longer term, we expect the index to trade sideways or move in a downward direction. In the short term, we anticipate the S&P 500 will find support at the 5,700 level and could rebound to test the 5,860 and then the 5,966 resistance zones. Straits Times Index (STI): The technical trend remains bullish. We maintain a constructive outlook while staying vigilant for any sig...

Palantir Technologies Inc PLTR: Technical Rebound at Sight After US Broad Market Stabilises

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