Lone wolf investor

 Lee Wen Singapore 1957-2019 Splash circa 2003 Collection of Singapore Art Museum  Market Summary 10-16 Apr 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 + US inflation rose 0.1% in Mar and 5% from a year ago, lowest level since May 2021  - US retail sales down 1% in Mar from Feb, sharper decline then 0.2% fall in Feb   + Fed unlikely to raise interest rates in Jun: Goldman Sachs  - US public debt will continue to rise in coming years amid increased govt borrowing: IMF  - US debt-to-GDP ratio projected to be 122.2% this year, expected to rise further to 136.2% of GDP in 2028 - US banks may tighten lending further and negate need for more rate hikes: Yellen   - US regulator called for greater scrutiny of hedge funds after govt bond turmoil last mth  - Dollar headed for longest stretch of weekly losses in almost 3 years  - JPMorgan, Wells Fargo and BoA have lost US$521bn in deposits over past year, drop reach US$61bn inQ1: banking analysts + US crude oil inven...

I am surprised the current May issue SSBs still retain a yield of more than 3%. We might be seeing the last of the 3% SSBs reflecting a potential pivoting by the Fed on rate hiking cycle in May. The yield for next month SSBs is likely to be much lower as SGS 10 years bond yield is struggling to hold onto 2.7%. The current issue is characterised by a flat yield curve for the next 7 years at 3.03%, follow by a slight uptick in yield towards the till end of the bond. The close of application is on the 25th April. Good luck to those applying. God bless.  Please follow us on telegram for the latest update on Lone Wolf investor by clicking on the link below  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...

  (The colourful HDB blocks give Circuit Road estate a distinctive look) Today Lone Wolf is exploring Circuit Road Hawker Centre. A bit of history on Circuit Road, the road got its name from the road that circle around the HDB blocks which was built in the 60s to house victims of the deadly Bukit Ho Swee fire that wiped out the whole estate in 1961 which left 16,000 homeless.   (The longest Hawker Centre in Singapore stretching more than 100m) I find the estate alluring as it retains the old charm of early HDB living. The elongated hawker centre stretching more than 100m must be the longest hawker centre in Singapore. The hawker centre is a short walk from Mattar MRT Station along DTL. I managed to find a few delicious gems in the hawker centre.  Ghim Guan Fried Oyster(#01-60) One can always get a sense of the popularity of this Fried Oysters by the endless decks of eggs stacking up high in front of the stall. The Fried Oyster is one of the nicer one I had recently. The O...

  Bridal headdress with 174 pins Circa Late 19th century or early 20th century  Collection of National Museum Singapore@Peranakan Museum Market Summary 3-9 Apr 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - US almost US$1.5 trillion of commercial real estate debt comes due for repayment before end 2025  + US Nonfarm payrolls up 236,000 jobs in March, led by bars and restaurants, jobless rate fell to 3.5% vs 3.6% in Feb  + US average hourly earnings rose 0.3% to 12-mth increase to 4.2%, lowest level since Jun 2021  - US job cuts soared to 270,416 for far in 2023, up 396% YoY, tech cuts 102,391, up 38,487% YoY - US private payrolls rose by 145,000 in Mar vs 261 in Feb, below expectations of 210,000  + US commercial banks deposits rose near end of Mar first time in about a mth, after 2 largest bank failures  - US financial activities lost 51,000 job and professional and business service fell by 46,000 in Mar - US commercial bank lending dropped nearly US$105bn in 2 week...

  (Very impatient person, I can’t wait to see the exhibition)  My lovely wife knows I am an art lover so she bought us tickets to the Van Gogh, The Immersive Experience Exhibition held at RWS, Sentosa. Each weekday ticket cost $36 and come with a VR experience.  (Mural of Van Gogh’s sunflower) Let’s get a couple of imperfection out of the way. The exhibition is held at Resort World Sentosa, slightly out of my way going to pleasure island. One small disappointment, none of Vincent Van Gogh’s genuine masterpiece was on display. I know it is going to cost the exhibitor more than a pretty penny to bring in all the masterpieces but surely just one genuine work of Van Gogh going on display would had elevate the experience. Is it still worth getting the ticket without the Van Gogh genuine work? Read on. (Getting into the act) (Ouch!! Where’s my ear?) (One of many of Van Gogh’s self portraiture) I am actually quite pleased with my experience. I think the organiser had achieve cer...

Lim Kwong Ling Singapore 1932 Untitled circa 1955-1965 Gift of the artist and family Collection of National Gallery Singapore  Market Summary 27 Mar – 2 Apr 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - US consumer spending rose 0.2% in Feb, core PCE price index rises 0.3%; up 4.6% YoY, income climbs 0.3%  - Fed may stick with one more rate hike even as inflation cools: Reuters  + Nasdaq records best quarterly gain since 2020 after volatile start to year  - US banks have US$620bn of unrealised losses on their books from investments in low-yielding bonds  - US bank deposits fell in week ended March 22 to their lowest since Aug after SVB collapse  - US regulator seeks sales of Silicon Valley Bank, Signature Bank portfolios: sources  - US 174m square feet of office space is available for sublease across the country, almost twice that was available pre-pandemic  + US Japan reached agreement on trade in minerals that are key to EV batteries + US replaces Russia as E...

(Big, bigger, biggest, UBS is by far the biggest bank in Switzerland after Credit Suisse takeover) Lone Wolf Fund(LWF) Portfolio as at end of March 1.) Cash 2.) Bank of China(3988.HKG) 3.) Boustead Singapore(BSL) 4.) Haw Par Corporation(HPC) *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell . Commentary Most markets had a volatile March due to SVB fallout and the blow up of Credit Suisse. SVB downfall was a classic case of mismanaging of risks. One been clients concentration risk(tech), the other been interest rate risk and liquidity risk sum up the situation. As a broker previously, we managed all sort of risks beside market risk, the main been credit risks and concentration of clients. In our industry, it is better to have many small accounts than to have one or two large accounts that generated the most income for us. If the clients are too big to fail or exhibit tremendous leverage on your income, the broker run the ri...