The United States has hit the US$31.4 trillion debt ceiling. There has been increasing talks on how a default may result in more market turmoil due to the damaging impact on the economy. Would this result in more turbulence in the stock markets ahead?
Over in Singapore, the local banks have reported robust results but the stock performance has not been as satisfactory. DBS and UOB is down nearly 10% YTD while OCBC had a muted performance in 2023. Is it safe to invest in the local banks given the recent banking saga? We will also share more insights into how we identify price levels to buy at.
Last Thursday, we held a live Zoom sharing to do a quick market update and shared our views on the above events. If you missed the webinar, catch the replay video below!
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Chief trainer of The Moneyball Investors Playbook program and founder of The Joyful Investors, a financial education firm that seeks to help avid investors learn to invest better and make the journey a joyful one. I graduated with a first class honors in Bachelor of Accountancy from Nanyang Technological University (NTU) and started my auditing career in one of the Big Four. I believe that once we know how to build our wealth sustainably, we can then live our best lives ever.
This document is for information only and does not constitute an offer or solicitation nor be construed as a recommendation to buy or sell any of the investments mentioned. Neither The Joyful Investors Pte. Ltd. (“The Joyful Investors”) nor any of its officers or employees accepts any liability whatsoever for any loss arising from any use of this publication or its contents. The views expressed are solely the opinions of the author as of the date of this document and are subject to change based on market and other conditions.
The information provided regarding any individual securities is not intended to be used to form any basis upon which an investment decision is to be made. The information contained in this document, including any data, projections and underlying assumptions are based upon certain assumptions and analysis of information available as at the date of this document and reflects prevailing conditions, all of which are accordingly subject to change at any time without notice and The Joyful Investors is under no obligation to notify you of any of these changes.
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