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Week Ahead


Thoughts on Week Ahead:
Week 26 Feb 2024

The stock market witnessed several significant developments this week. Firstly, Amazon joined the Dow Jones Industrial Average (DJIA), potentially attracting increased flows alongside established giants like Apple and Disney. 

Secondly, prominent figures like Jeff Bezos and Nvidia joined forces to fund a startup developing humanoid robots. This investment highlights the potential for artificial intelligence to expand beyond its current applications and create new revenue streams for technology related companies.

Meanwhile, the S&P 500 maintained its upward trajectory, reaching new all-time highs. The 4,900-5,000 zone is identified as a crucial support level for the index.

Finally, the Chinese A50 index experienced a positive momentum shift this week, prompting increased focus on tactical trading opportunities within the Chinese market. This development suggests potential renewed investor interest in the Chinese stock market.

Headlines for the week:
- Corp Earnings (Berkshire Hathaway, Salesforice, OCBC, Capitaland Invest, CityDev, Seatrium, ST Eng, SATS, ComfortDelgro)
- US FED officials speaks, PCE, ISM Mfg report 
- China PMI reports
- SG Ind Prod

Dislcaimers apply

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