Lone wolf investor

U Kin Buang (Bank) Myanmar 1908-1983 Burmese Musicians circa 1964 Collection of National Gallery Singapore  Market Summary 06-12 Dec 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  - US inflation surged 6.8% in Nov, fastest rate since 1982 - Goldman Sachs downgraded US economic growth forecast for 2022 from 4.2% to 3.8%  + US weekly jobless claims fall to 184,000, lowest in >52 years  - US labour productivity declined 5.2% from previous 3-mth period, biggest quarterly decline since 1960 + US household wealth rose to record US$144.7 trillion at end Q3, smallest increase of pandemic era: Fed - Biden halts US funding for new fossil fuel projects overseas   + US pending home sales jumped 7.5% in Oct - US powerful tornadoes killed >80 in 5 US states  - NY ordered hospitals to halt elective surgeries as hospitalisations surged  - Silicon Valley’s share of US VC funding falls to lowest level in more than a decade: TechCrunch  - US considers banning key exports to Chinese chipmaker SMIC: WSJ - US, EU wei

  Since the start of Covid 19, everyone is banned from singing karaoke in a public entertainment outlet. The consolation is to have a similar sounding name of Teochew porridge. This Teochew porridge at Hong Lim Food Centre share the same name as the karaoke music box, Teo Heng. The hawker stall is unremarkable, hide in a cold corner on first level of the food centre. One would probably miss the stall if you got quick feet. The Teochew porridge is one of the most authentic. I like it for its purest form. No fancy stir fried, no deep fried food, no other things that was not supposed to be associated with Teochew porridge can be found.    (The heavenly tasty “Kat Kat” fish) Fish and braised foods with dark soya sauce dominate the display shelf. The highlight of our order is boiled “Kat Kat”fish(similar sounding name as Kit “Kat”). I was told it was rarely available. I ask the stall owner what is the official name in English and Mandarin. He say” I don’t know” but he mention the fish make

Chua Mia Tee Singapore 1931 Portrait of Yusof Bin Ishak circa 1995 Collection of Monetary Authority of Singapore  Market Summary 29 Nov – 04 Dec 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + Fed could speed up bond purchase to counter inflation  + US factory orders increased more than expected in Oct - US big mergers unlikely in 2022 as Biden regulatory squeeze intensifies  - US Conference Board’s Consumer Confidence Index fell 2.1 pts to 109.5 in Nov  + US services sector growth accelerated to new record high to 69.1 in Nov: ISM  - US added 210,000 jobs in Nov vs forecast 550,000, jobless rate fell to 4.2% from 4.6% in Oct, weekly claims up 28k to 222k + US Congress passed a stopgap bill to fund federal agencies until 18 Feb, averted govt shutdown   + Yellen says cutting some tariffs on Chinese goods could ease price pressures  + NASA allocated US$415m to 3 US companies, to design private space stations and other commercial destinations in orbit  - US new surveys show workers lost or quit jobs dur

Lone Wolf Fund(LWF) Portfolio as at end of November   1.)  Keppel Corporation   2.) Cash *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell . Commentary   The market goes through a serious correction towards the end of the month, the ghost of covid 19 refuse to leave us for good. STI and LWF was down about 5 percent respectively for the month of Nov. Medical expert are calling the South Africa variant to be more contagious than the Delta variant. Very little are known about the new covid variant. The market is likely to have their fingers off the buy button until the world had a better understanding of the new virus. Caution is the main order of the day. Correction might be ugly in some days. To be honest, the market was finding a reason to correct after the good run. It had been a few months since the last big correction. Whether this correction turn out to be a the start of a bear trend, it is too early to tell. LWF had a qui

Vincent Leow Singapore 1961 The Artist’s Urine circa 1993-1994 Collection of Singapore Art Museum  Market Summary 22-28 Nov 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US jobless claims plunged to 199,000, lowest in 52-year    + Fed will likely double the pace of tapering its monthly bond purchases from Jan to US$30bn, wind down its pandemic-era bond buying scheme by mid-March: Goldman Sachs  + US consumer spending increased by 1.3% in Oct, double the 0.6% gained in Sept - Dow recorded worst drop of >900 pts in 2021 amid fears the new Omicron strain could unravel economic gains  - US Black Friday shopping in stores drops 28% from pre-pandemic levels as Americans stay home  + Biden chooses Jerome Powell for 2nd term as Federal Reserve chairman  + Biden ordered the release of 50m barrels of crude from emergency stockpile to battle rising prices, in coordination with several other countries to lower oil prices  + US bank regulators will team up to develop crypto rules next year  - US govt added d

  (Inflation roaring ahead) Inflation or disinflation are commonly used words in economic narratives to describe price expectations of an increase or decrease in goods and services . If there is a number to work with, The US Fed and Japanese central bank conventional wisdom put it at 2% as the golden number, not too hot or not so cold. Central banks around the world had a love hate relationship with inflation. Too hot, it create bubble in the financial market and cause social unrest, too low it may cause deflation which can result in falling asset prices. Japan went through many decades of deflation in its economy cause by bad loans weighting on banking sector profit and their ability to lend. Many businesses had to defer capital spending due to lack of pricing power. A generation of penny pinching consumers were born which restrict the ability of Japan businesses to raise price. The ¥100 shop boom are the indirect result of deflation as consumers went for cheap and value for money pro