The stock market has been quite volatile in recent weeks. A lot of people are of the opinion that it is due to the newly discovered Omicron variant. But in my previous article, I demonstrated that Omicron was never a concern to Wall Street. So then what was it that really spooked the stock markets? […]
What Does China Power Crunch Mean for Offshore Investors?
If you follow my blog, you know I was bullish about the energy sector since a few months back when everybody’s focus was on technology stocks and bitcoins. I also reiterated my conviction in my August “Ivan’s reflection”. My thesis was simple: The economic rebound after Covid lockdowns have lifted will boost consumer demand. Lower […]
Playing a Catch-Up Game – Ivan’s Investment Reflection in August 2021
In my earlier July investment reflection “battleground in a decoupled world”, I talked about my feeling that China has chosen to de-couple from the rest of the world and mind their own business. Here was my summary: China has politically decided to be head-to-head with the US. China’s “dual circulation” actually means to close the […]
Should You Buy Chinese Tech Stocks After China’s Tech Crackdown?
“China Tech Crackdown”, this headline phrase has frequently appeared in the financial news lately and it has turned the stock market upside down. Many familiar names such as Alibaba, Tencent, Meituan, and JD.com, have dropped 40% to 50% from their peak. Didi, which presented an IPO one month ago, lost half of its value and […]
3 Things You Don’t Know About Investment Performance – Part I
A few days ago, Temasek published details of its investment performance. Temasek reported that it delivered a 24.5% shareholder return in the past financial year. I saw some interesting comments in the forum. Some people say the Temasek manager is lousy, his average return is better; some say by just investing in S&P 500 ETF, […]
Riding on Animal Spirits – Ivan’s Investment Reflection in June 2021
Since March, many people started to worry about the risk of a potential stock market crash. People are rightfully fearing high stock market valuation and inflation risks. The current P/E ratio of S&P 500 is nearly 30 and Nasdaq’s PE is at 88, this is a level that is above the long-term average. Nevertheless, I […]