Wednesday, November 9, 2016

Market Outlook after Election - What stock to see?

Image result for trump

The result of US presidential election surprised markets as Republican candidate Donald Trump was elected. Major Asia Pacific markets broadly fell with Nikkei 225 Stock Average tumbling 5.4%. Hong Kong stocks followed to decline 2.2%. Straits Time Index, after opening higher 17pts, once plunged 60 pts to bottom at 2760. Market recover to close at 30pts or 1.1% to end at 2789 after Trump Victory speech reassures investors on rebuilding the nation and promise to do a great Job.

Overall stock indices are under pressured due to the uncertainties during the votes counting, i believe that this is due to panic selling similar to Brexit. During the asian trading hours, US dollar also fall badly against the Yen, however the losses has been minimize as market calms down after election result is out.

Opportunities?

Just a week ago, i mentioned that we should cash out from stocks and put into gold and Gold is up strongly today. Now is good time to move back to stock, i think stock has tanked enough today and with the new presidency injecting more uncertainties into the US economy, Federal reserve might delay the Rate hike in December. If that is the case, REITS could be a good sector to invest for now. I am looking at Keppel DC reit, Capitacom Reit, Mapletree Com Reits

Venue : #34-07, 10 Anson Road, International Plaza, Singapore 079903
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