Dear readers, there are two key developments of the week for the stocks markets and I believe some of you would have known by now.
First, the development of the Evergrande episode. At this time of writing, the development seems to be still in a flux and if Evergrande is to default, I believe there will be some spill-on effects on the global stocks markets. I advise investors to steer away from Chinese or Hong Kong stocks plays for now till there is a clarion call.
Second, the US Federal Reserves’ announcement of its tapering which could commence earliest November 2021. The postponement of the tapering measures has caused stock markets to rise.
Overall, I would think that the uncertainties and risks to global stock markets are increasing beside the current Covid-19 pandemic. I strongly advise investors to only enter into the stock markets when there is a good opportunity and not to rush into the stock markets now. For now, I hope everyone Stay Safe, Stay Healthy as the number of local Covid-19 community cases has increased in recent weeks.
Health is the most important asset!
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