Lone wolf investor

  (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 ec...

(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...

(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...

  The result of this month SSBs was below my expectation. I was expecting Oct SSBs to be in high demand as it provide a decent long term yield, just before the 10 years sgs yield fell off the cliff. Only $193m out of $800m found buyers. 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 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 which we believe are reliable but...

  (Source: CNA) “Lackluxtre”  With the interest rate cut, deals are starting to pop up in our REITs market. Ion Orchard, 50% stake held by CapitaLand was sold to CICT. The deal looks good on paper, where all parties seem to gain from the sale, with CapitaLand getting a lot of cash. The bankers and lawyers doing the deal will be looking forward to a big payday and the REIT shareholders getting an opportunity to buy one of Singapore’s most iconic luxury malls with this accretive purchase. The profile of the mall as you have seen from the first few levels are mostly tier 1 or tier 2 luxury brands. The mall is positioned to be a choice destination for people looking for luxury goods.  From my observation, a lot of luxury brands are facing closure due to poor economic conditions in HK and China. Previously, Hong Kong was known to be the hunting ground for Chinese tourists looking to buy luxury items due to its proximity to the mainland, but Chinese mainlanders are heading to J...

  (Image credit: Womderful Quote) Market Summary 16-22 Sept 2024 *USA*  + Fed cuts rates by 50bps to 4.75%-5%, first reduction in borrowing costs since Mar 2020 + US retail sales edged up 0.1% MoM in Aug, beating forecasts of 0.2% decline + US industrial production rose 0.8% MoM in Aug, the most in 6 mths, vs market expectations of 0.2% increase  -US current account deficit of US$266.8bn in Q2, widening from US$241bn gap in previous period  + US initial jobless fell 12,000 from previous week to 219,000 to 4-mth low  + US housing market needs more Fed rate cuts to boost supply, affordability: Fitch Ratings  + US average rate on 30-year fixed mortgage dropped to 6.09% in Sept, lowest level since early Feb 2023: Freddie Mac  -US existing home sales fell 2.5% MoM to seasonally adjusted annualised rate of 3.86m in Aug  + US housing starts soared 9.6% MoM to annualised rate of 1.356m units in Aug + US building permits rose 4.9% to seasonally adjusted an...

  (Source: MAS) The average 2.77% yield on current issue SSBs is still somewhat attractive given the circumstance surrounding the falling yield of our 10 years SGS. Base on the lower yield of our 10 year bonds, we are heading towards lower yield on SSBs in subsequent months. This is the last month to get a proper long term yield. With long term yields dropping like flies elsewhere due to the aggressive rate cut by the US Fed. SSBs yield will be mimicking the lower rates. Closing date is on the 25th Sept@9pm . Good luck. 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 p...