Sunday, 3 January 2016

MARKET OUTLOOK - REACTION TO ASIA TRADING ON 4th JAN 2016

DOW JONES NASDAQ and S&P 500 all drop more than 0.9% -1% average on the last day of trading. In the past year when stock market rallies strongly in the final few days of the year, it will be seen as a good sign for the next year ahead. But for 2015 final few days, the Trend has been negative and down triple digit for the DOW JONES, that doesn't sound good for the YEAR 2016 ahead.
 
2016 will be the year for the USA PRESIDENTAL ELECTION;USA DEBT CEILING;2-4times INTEREST RATE-HIKE(depending on Economic Data); Concern CHINA economic data and the number of O&G companies filling for BANKRUPTIES(on the effect of the 2015 low oil price costing major players). All this uncertainty doesn't bold well down for the SINGAPORE economy in 2016.
 
Tomorrow when ASIA market start trading in the new year, we will monitor for the reactions from WALL STREET. MAJOR STRATEGY for 2016 will be to look out for M&A plays(penny to mid-cap) with turn-about plays.
 
 
 

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