Lone wolf investor

  (Source: MAS) As expected, the yield for this month’s SSBs mimic the declining yield on SGS 10 years bonds. SSBs yield is likely to fall within 2.5 to 2.9% for the next few months, baring any renewed rise in inflation numbers. From my observations, there might be renew inflation pressure given the stronger than expected job numbers in the US. The re-inflation of oil prices due to the Middle East conflict, adding a layer of uncertainty on another jumbo rate cut by the Fed in the upcoming Nov meeting. I am in the camp where interest rates will stay higher for a much longer period than the market expected. The market expectation was for the Fed fund rate to cut towards the 3% mark by the end of 2026. My guess it will float around the 4% mark for the whole of 2025 and sliding toward the 3.5% in 2026. Just saying. No prize for guessing it correctly. The closing date for the Nov issue falls on 25th Oct@9pm. I will skipped current issue since there are better alternative in some other savin

  (Image credit: WomderfulQuote) Market Summary 7-13 Oct 2024 *USA*  + US annual inflation rate slowed for 6th consecutive mth to 2.4% in Sept, lowest since Feb 2021, from 2.5% in Aug  + US core PPI rose by 0.2% from previous mth in Sept  -US core consumer price inflation edged higher to 3.3% in Sept from 3-year low of 3.2% recorded in 2 previous mths  -US year-ahead inflation expectations rose to 2.9% in Oct, up from near 4-year low of 2.7% in Sept: Uni of Michigan  + US producer prices unchanged in Sept; modest rise in cost of services was offset by cheaper goods  -US consumer sentiment slipped to 68.9 in Oct from 70.1 in Sept on frustration over high prices: Uni of Michigan  + US wholesale prices unchanged in Sept, another sign that inflation is returning to something close to normal  + US energy index fell by 6.8% over past 12 mths in Sept, the most in over a year -US food inflation accelerated in Sept reaching 8-mth high of 2.3% from 2.1% prior mth  -US initial jobless claims up b

  (Source: Tradingeconomics.com; Falling SGS 10 years yield from a high of 3.5% to 2.75% over the last 6 months) As the interest rate starts to fall for T-Bill and SSBs, I am on a mission to search for the next risk-free product to house some cash and in the meantime, continue to have access to the capital just in case the market goes through a sharp correction. GXS Bank The digital bank is one of the two new kids on the block in our banking scene. The digital bank is a joint venture between GRAB and SingTel. The saving account provides a base interest of 2.38% p.a. Account holders have the option to set up a max of 2 boost pockets for 1 or 3 months. Effectively, it is structured like a fixed deposit. Interest range from 3.08% p.a for a month boost pocket to 3.28% p.a for a 3 month pocket. There is a maximum of $30,000 for each boost pocket. There is no penalty for early termination, but normal saving rates will apply.  (Source: Up to 30k per boost pocket) MariBank MariBank is a wholly

  (Image credit: zen-tools.net) Market Summary 30 Sept – 6 Oct 2024 *USA* + Fed likely sticks with quarter percentage pt interest rate cuts moving forward; sees no ‘hurry’ as confidence in economy grows: Powell + Goldman Sachs still sees two 25 bps cuts this year after Powell remarks  + US nonfarm payrolls up by 254,000 in Sept, jobless rate at 4.1%, gains mainly in food services, healthcare, construction sectors  + US private payrolls increased by 143,000 jobs in Sept boosted by hiring in the construction, leisure and hospitality industries  + US average hourly earnings for all employees on private nonfarm payrolls increased by 13 cents or 0.4% in Sept  + US Composite PMI Output Index at 54 in Sept vs 54.6 in Aug   -US factory orders down by 0.2% in Aug landing at US$590.4bn  -US job cuts down to 72,821 in Sept, up 53% YoY, in Q3 saw 174,597 cuts, down 16% from previous qtr, but up 19% YoY   + Dow posted record closing on Fri as job data eased economic worries  + US port strikes ended

(Golden Chance of Second Chance)   Lone Wolf Fund(LWF) Portfolio as at end of Sept 2024 1.) Cash 2.)  Singapore Post Ltd *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell . Commentary    STI did a stunning turnaround to become one of Asia’s best performing markets since hitting the lows in Aug. Although, I am critical of the past performance of the Singapore market. The Sept performance was the best I had seen in years. I do need to give credit to our market when it is due. I have been selling some of my positions which I have held for a few months. Wilmar was sold due to its underperformance and the additional hurdle for GRAB to turn a profit with the mandated CPF contribution was the main reason for the sale. The timing of the Second Chance Ltd delisting was impeccable. Second Chance $300m worth of marketable securities are mostly comprised of REITs. With the share price of REITs running up, the owner of Second Chance is sit

(Image credit: AZ Quotes)    Market Summary 23-29 Sept 2024 USA / ZNORTH AMERICA* + US consumer spending rose 0.2% in Aug after an unrevised 0.5% gain in Jul  + US PCE price index rose 0.1% MoM, putting 12-mth inflation rate at 2.2% in aug -US conference board’s consumer confidence index slide to 98.7 vs 105.6 in Aug, biggest 1-mth decline since Aug 2021  + Traders now see Fed delivering another 50bps rate cut in Nov after govt report showed inflation rose modestly in Aug  + US mortgage applications soared 11% from previous wk, extending surge of 14.2%, lift application volumes to highest since Jun 2022  + US new single-family homes declined by 4.7% in Aug to 716,000 units vs forecasts of 700,000 units  -US strike looms as at busiest ports as 45,000 workers prepare to walk off job, could hit >50% imports, 15% of global container fleet capacity -US proposed ban on Chinese software and hardware in connected vehicles, would effectively bar Chinese cars and trucks from US market  -US Co