Skip to main content

Weekly Market Outlook

 





Thoughts on the Week Ahead:
Week of July 22, 2024


TSMC’s revenue increased by 40% year-over-year, yet its stock price declined by 3.55% for the day. Similarly, Netflix Inc. saw a 17% revenue increase but experienced a 1.51% stock price drop.

Several factors could be contributing to the market’s volatility. These include valuations in the tech sector, interest rate expectations, and the potential impact of a Donald Trump re-election on taxes.

We anticipate similar market behaviour this week as other tech giants release their earnings reports. There are currently no significant technical patterns suggesting a market reversal. Therefore, we will monitor sell-offs and wait for price stabilization before entering trades.

Despite a recovery in the China A50 index, Hong Kong markets have not followed suit. Investor enthusiasm for Chinese markets remains subdued. The upcoming earnings season may offer more clarity on the equity market's direction.

The Singapore market has weakened, and the index is currently mixed, reflecting global equity market trends and export challenges.

We maintain a cautious outlook for the week ahead. No trading opportunities have been identified at this time and we will provide updates as conditions change.

Headlines for the week:
- US Corp Earnings (MSFT, GOOGL, TSLA, V, UPS, GM, IBM, F, SBUX, XOM)
- US Adv 2Q24 GDP, PCE report, PMI
- China LPR fixing, PMI
- SG Jun CPI, Ind Prod, MAS Policy

 

Disclaimers apply


Most Popular

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: Sustaining December’s Investor-Friendly Momentum

  Week Ahead, 2 Dec 2024   Macro News: Despite inflation remaining firm, the market continues to expect that the US Federal Reserve has a higher probability of cutting rates by 25 basis points at the upcoming FOMC meeting . December marks the final month of 2024 as we approach the year's end. Historically, the S&P 500 Index has been favorable to investors in December , with a 70.83% probability of a positive return and an average gain of 0.74%. We hope these trends persist in 2024. Currently, we have not identified any trade setups. We will provide updates if any opportunities arise. Medium Term: ·        S&P 500: The S&P 500 remains above the 6,000 level and could trend towards the 6,180 zone. ·        STI: The STI remains at the 3,700 resistance zone, with no major technical signals observed. If momentum sustains, the index could move towards the 3,860 level. ·     ...

Seminar: What’s Ahead for US Market – Navigating Uncertainties and Key Themes with Structured Certificate

What's Ahead for the US Market? Navigating Uncertainties and Key Themes with Structured Certificates Learn more about the US stock market and how to position your portfolio in these uncertain times? Join us for a free seminar on Monday, November 4th, from 7:00 PM to 8:30 PM at the SGX Auditorium. In this seminar, we will explore: Key themes driving the US market: Gain insights into the factors that are shaping the current market environment and what you can expect in the coming months. Navigating market uncertainties: Learn strategies for managing risk and capitalizing on opportunities in a volatile market. Introduction to structured certificates: Discover how structured certificates can offer potential enhanced income returns with managed risk. Who should attend? This seminar is designed for investors of all levels who are interested in learning more about the US market and how to invest in it. Speakers: Brandon Leu, CMT, CFTE: SGX Academy Speaker Ms. Olivia Chen: Man...