Will the 2022 bottom appear again in 2023?
Despite major tech companies, such as Google ( $Alphabet-A(GOOGL.US$ , $Alphabet-C(GOOG.US$ ), Microsoft ( $Microsoft(MSFT.US$ ), Amazon ( $Amazon(AMZN.US$ ) letting go of their employees in 2022 (*1), and Apple ( $Apple(AAPL.US$ ) cutting contractors to slash costs (*2), the U.S. economy continues to stay very strong, with the January jobs reports showing an increase of 517,000 jobs, beating estimates, and the 53-year low unemployment rate (*3).
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Besides the strong U.S. economy data, HDB property resale prices continue to accelerate in January 2023 as million-dollar HDB flats surge by 42% in Singapore (*4), despite the cooling measures announced on 29 September 2022 (*5).
Although the Finimize survey (*6) reveals that retail investors believe the stock market will bottom in 2023, 72% continues to buy individual stocks such as Apple, Microsoft, Google, and Meta ( $Meta Platforms(META.US$ ).
As whether if investors will see the bottom in 2023, there are 3 things that are confirm plus chop, and they are:
More new jobs opportunities waiting to be filled.
More million-dollar properties waiting to be transacted.
More individual stocks, such as the ones in the Nasdaq index ( $Nasdaq Composite Index(.IXIC.US$ ) and the S&P500 index ( $S&P 500 Index(.SPX.US$ ) waiting to be bought.
More million-dollar properties waiting to be transacted.
More individual stocks, such as the ones in the Nasdaq index ( $Nasdaq Composite Index(.IXIC.US$ ) and the S&P500 index ( $S&P 500 Index(.SPX.US$ ) waiting to be bought.
So, why not Mooers grow the courage (*7) to do the following in 2023:
Take the leap of faith and jump to new job opportunities with higher salary, which is better than let go by employers or replaced by AI such as ChatGPT (*8).
Buy more property or invest in companies that do property such as $CapitaLandInvest(9CI.SG$ , $CityDev(C09.SG$ , $FRASERS PROPERTY LIMITED(TQ5.SG$ , $HongkongLand USD(H78.SG$ , $PropNex(OYY.SG$ and many others.
Invest in individual stocks, ETFs and funds that you have a deep spiritual connection (*9) with, and buy them using the $Futu Holdings Ltd(FUTU.US$ platform.
Buy more property or invest in companies that do property such as $CapitaLandInvest(9CI.SG$ , $CityDev(C09.SG$ , $FRASERS PROPERTY LIMITED(TQ5.SG$ , $HongkongLand USD(H78.SG$ , $PropNex(OYY.SG$ and many others.
Invest in individual stocks, ETFs and funds that you have a deep spiritual connection (*9) with, and buy them using the $Futu Holdings Ltd(FUTU.US$ platform.
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References:
We have come to the end of today's topic. Remember to show your support by follow, like, share and comment on this post and as always, don't forget to DYODD (Do your own due diligence) when making any kind of investment. Thank you.
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LeonS : Continuing to raise interest rates is not as good as leaving banks to pay interest on fixed deposits
Mars MoooOP LeonS:
HumbleHuman : $Windtree Therapeutics (WINT.US)$
Mars MoooOP HumbleHuman:
bullrider_21 : Those million-dollar HDB sales may be due to those downgrading from condos to HDB flats rather than HDB upgraders.
Mars MoooOP bullrider_21:
sky9191 bullrider_21: Downgrader from private need to wait 15mths