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Showing posts from July, 2023

Wolf Money(world market review 24-30 July 2023)

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  Salvador Dali Spain 1904-1989 Nude Women Ascending The Staircase circa 1974 Collection of Parkview Square  Market Summary 24-30 Jul 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - Fed raised benchmark lending rate to highest level since 2001 to 5.25%-5.5%, signalled possibility of further increase ahead   + US annual inflation rate fell to lowest in 2 years, likely closer to ending its fastest interest rate hiking cycle since 1980s  + US GDP grew stronger than expected in Q2 at annualised, seasonally adjusted at 2.4%  + Fed’s staff drop US recession forecast, do have shot for inflation to return to target without high levels of job losses: Powell  + US personal consumption expenditures (PCE) rose by US$100.4bn or 0.5% MoM in Jun   + US consumer sentiment rose in Jul to highest since Oct 2021 to 71.6 as inflation continued to ease  - Biden to sign order curbing US tech investments in China by mid-Aug  - US commerce chief says China export controls “will den...

Wolf Money(portfolio update for end July 2023)early

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  A reminder of the Singapore Miracle Happy Birthday to my beloved country, Singapore, a place where I call home. If Singapore was a listed company which could be bought and sold like any other securities on the stock exchange, the “Singapore stock” would have made you close to 159x return in 58years. Singapore GDP per capita started at a mere USD $500 in 1965 had risen to USD $82,000 by end of 2022. On Aug 9th 1965, a country barely half the size of London with no natural resources and 2m population comprised of mostly the poor and the hungry set out to be a new Nation with huge odd stacked against her. Our pioneer generation was given the daunting task of undertaking Project Singapore, creating jobs and attracting investments into our country. With sheer luck and ingenuity, a miracle of atomic proportion was born out of wedlock. Once again here to the Grand Old Lady, Happy 58th National Day, Singapore! 🥂  Mental Wellness  Coco Lee’s sudden death shocked the world of en...

Wolf Money(Singapore Savings Bonds Aug 2023 result)

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  The result for Aug 2023 issue SSBs was under subscribed again. Roughly 50% of the 600m issue found buyers. I thought at 2.99% risk free for 10 years was not too shabby, maybe all the money had flown into 6 months T-Bills. Yield for Sept SSBs is likely to be similar to Aug issue. Please follow us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.  https://t.me/joinchat/oCgkD3sQFRMzMWM1 Disclaimers   All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on ...

Wolf Money(world market review 17-23 July 2023

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Salvador Dali Spain 1904-1989 Snail Queen circa 1974 Collection of Parkview Square Market Summary 17-23 Jul 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - Conference Board Leading Economic Index fell for 15th straight mth in Jun, declined 0.7% to 106.1 - Fed will raise benchmark overnight interest rate by 25bps to 5.25%-5.5% on Jul 26; 106 economists polled by Reuters  + US retail sales rise 0.2% MoM; May’s figure revised up to 0.5% MoM growth from 0.3%  + US jobless claims fell last week to lowest level in 2 mths to seasonally adjusted 228,000  + Morgan Stanley raised US economic growth forecast for the year on strong industrial sector and infrastructure investment  + US banks increased reserve for commercial real estate exposure  + Global private equity firms are sitting on record US$2.49 trillion as dealmaking slows: S&P + US semiconductor trade organization requested govt halt further sanctions on chip sales to China  + Micron’s president n CEO met with China’s Mi...

Wolf Money(Singapore Savings Bonds Aug 2023 review)

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  (Credit: MAS website) Welcome to Aug SSBs review. The 10 years average yield came in at 2.99% which I think is decent. Next month SSBs yield base on the 10 years SGS bond yield is likely to be similar to this month. The yield on 10 years SGS bond had came off from the 3.1%ish level toward 2.9%ish towards end of the month. The drop in inflation data coming out of US pushes the yield on 10 years UST down therefore lowering the yield for our 10 years SGS. The current month application closed on 26th July 9pm. Good luck and God Bless. Please consider following us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.  https://t.me/joinchat/oCgkD3sQFRMzMWM1 Disclaimers   All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get...

Wolf Money(The Demise of The Singapore Stock Market)

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  (Credit: Yahoo Finance; Last index high of 3900 in 2007, 16 years and counting. Lost decade of Singapore Market) I spent two nights thinking about this write up since it is a subject close to my heart. The passion and concern I had for our stock market are real. I hope SGX can see my commentary in a positive light. It is about solving problem that matters, no witch-hunting was intended. During my last monthly update. I am critical about SGX for not doing enough to promote the vibrancy of our stock market. After the blog, I have been getting more SGX senior executives looking at my LinkedIn profile. I hope people at SGX can see it as constructive criticism. I want to make my point of view clear before anyone get an impression that I am grinding my axe on our stock market. I love Singapore market, I am also a bull on Singaporean companies. How could I not love our stock market where I allocate most of my investment? The declining interest in our stock market did not happen overnigh...

Wolf Money(world market review 10-16 July 2023)

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Fernando Botero Colombia 1932 Dressed Woman circa 2003  Collection of Parkview Square Market Summary 10-16 Jul 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US inflation rose just 0.2% in Jun and up 3% YoY, lowest level since Mar 2021 + US producer price index for Jun rose less than expected at 0.1%  - Fed set to raise rates in July after data showed inflation cooled sharply in Jun but remains above central bank’s target  + US consumer sentiment surged to highest level in nearly 2 years, inflation subsided and labour market remained strong  - US budget deficit nearly triples in first 9 mths fiscal year to US$1.39 trillion in Jun, up from USS$515.1bn YoY + US import prices moved lower in Jun, 5th decline in past 6 mths  - US imports from China Jan-May fell about 25% to $169bn + Biden administration set to cancel US$39bn in student debt for >800,000 borrowers   + US climate envoy John Kerry arrived in Beijing  + US n China are discussing US Commerce Secretary...

Wolf Bargain(Hawker Gems, Cheap Cheaper Cheapest!)

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Some of the best food can be found in hawker centres across the island. There are a couple of hawker stalls that stand out to be fine examples of what cheap and good really means. In Singapore, there are plenty of expensive and good food but hawkers preserving their trade by selling affordable food is a dying breed. I came across 2 stalls that are sticking their necks out by going against the trend of food inflation. They are genuinely passionate in showcasing their culinary prowess and profitability is secondary to them.  Cat in The Hat Bakery 505 Beach Road, Golden Mile Hawker Centre(#01-106) Operating hours 11am-3pm I am about to share a secret bargain for French pastries, a Chocolate Tart for $2.50? Madeleines for $1.50 each? Let the cat in the hat out of the bag.  If you are a fan of French pastries, this is for you. Cat in the Hat Bakery is a hawker stall located in Golden Mile Hawker Centre. This new to market pastry shop prides itself for selling hotel quality French p...