Friday, November 20, 2020
Travel alert: HK's fourth wave has started!
https://sg.news.yahoo.com/hong-kong-facing-12-cases-041934229.html
Good luck to those people who had bought the tickets recently to fly to HK by using the SG-HK travel bubble scheme.
It is still unsafe to travel overseas because of the new virus strain that is spreading around the globe.
The HK top infectious disease experts have urged the HK government to take urgent action and this means that the situation is very dire in HK.
Thursday, November 19, 2020
Wednesday, November 18, 2020
Tuesday, November 17, 2020
Singapore Nodx declined 3.1% in October 2020.
Year on year changes (YOY):
October 2020: -3.1%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
Hot news - UK PM is back in quarantine again!
https://www.newser.com/story/298811/boris-johnson-under-quarantine-again.html
The UK PM is back in quarantine again. He is making a false claim about covid, just like Donald Trump. I don't know why western leaders like to make false claims nowadays.
http://sg-stock.blogspot.com/2020/08/covid-19-immunity-can-only-last-about-4.html
PM Boris contracted covid about 8 months ago and his immunity would have disappeared completely after so many months. Therefore, he is likely to contract covid again since covid immunity is only temporary.
Monday, November 16, 2020
Italy found covid-19 cases in September 2019, much earlier than thought.
https://sg.news.yahoo.com/coronavirus-emerged-italy-earlier-thought-173825186.html
When a country starts to use scientific handling instead of political handling, it will discover the truth about covid.
Italy found covid cases as early as September 2019 but the Wuhan outbreak started in November. Well, Italy didn't report this when the US accused China of creating the virus.
We had already stated that the virus origin was not in China.
http://sg-stock.blogspot.com/2020/09/the-truth-behind-covid-19-outbreak-is.html
Why did China clamp down on Ant's IPO?
I received a request to give my opinion on the cancellation of Ant's IPO. Here it goes!
If you understand Ant's business model and the political background of Alibaba, you would have expected China to take action against Ant. Why?
http://sg-stock.blogspot.com/2017/11/china-government-is-targeting-jack-ma.html
Jiang Zemin's caucus has been trying to disrupt China's economy by using the entrepreneurs that are groomed for its own agenda and Alibaba is one of the business groups. Jiang Zemin's grandson is on board Alibaba as one of its biggest shareholders.
Jiang Zemin is still using the same tactic of trying to leave colossal debts in the banking sector so that China's financial industry will be crumbled by the high non-performing loans.
Ant's fundamental business is its microlending business (huabei & jiabei) which provides small loans without collaterals. Under the existing business structure, Ant only puts up 2% of its own cash and outsources 98% of cash loans to China banks without collaterals. This puts the banking industry in an extremely vulnerable position as the high-risk debts put tremendous stresses on the banks. Basically, Jiang Zemin is using the same old trick again through Ant.
Therefore, China has decided to rein in Ant's business by imposing Ant to put up at least 30% of its own cash loans and restrict the loan criteria. The new restrictions will definitely crumple Ant's revenues but they will save the banking industry. Therefore, the future Ant's profitability will be limited and its IPO valuation will have to be reduced significantly.
Saturday, November 14, 2020
S&P 500 Technical analysis. - Part 15
A new candlestick gap had developed for the S&P recently which was providing a very good support level. Although the S&P had closed below the 5-day SMA recently, it didn't close below the candlestick gap. Therefore, the bullish trend is still intact.
Friday, November 13, 2020
Thursday, November 12, 2020
US treasury yields have been creeping up. What's the repercussion?
Western forces are behind Thailand (BKK) protests! - Part 6
“The real goal of U.S.-backed unrest in Thailand is similar to its motivations for sowing chaos in Hong Kong,” Berletic said in one of his blog posts. “Obviously the U.S. would prefer a client regime completely dependent on Washington financially and politically.”
The Thai government has managed to find the US links to the BKK protests. NED is involved in the BKK protests, just like the HK's protests. The Thai government has found a way to quell the protests funded by the US. Have you guys noticed that the BKK protests have toned down?
We had stated earlier that the BKK protests were funded by the west.
http://sg-stock.blogspot.com/2020/11/western-forces-are-behind-thailand-bkk.html
Wednesday, November 11, 2020
China will be setting 6G standards after 5G.
https://www.bbc.com/news/av/world-asia-china-54852131
China has just sent its 6G satellite into orbit and will be setting the 6G standards after 5G.
The US has not even deployed its 5G yet but China has already deployed its 5G in many provinces.
Well done, China!
Tuesday, November 10, 2020
Sweden has just done a U-turn on Huawei after Trump's loss. That's the harsh reality!
The Swedish's action has proven that Huawei's ban is purely political in nature and Sweden has corrected its mistake after Trump loses his election. If it is really a security issue, Sweden won't change its stance no matter who the US president is.
Mike Pompeo will lose his job after 20 January 2021 and his recent overseas visits (anti-china call) will yield little results because no country will take him seriously after Trump's loss.
Monday, November 9, 2020
"Great" vaccine news causes US stock markets to rise like crazy!
The US stock markets are rising like crazy after the "GREAT" vaccine news is released.
https://www.cnbc.com/2020/11/08/election-stock-market-futures-open-to-close-news.html
It is astonishing that the US vaccine news can cause such euphoric stock market movements in the US whilst China's vaccine is also very effective in preventing Covid but doesn't trigger the same stock effect.
https://www.globaltimes.cn/content/1206008.shtml
The US investors are jumping the gun too early because the scientists have not confirmed the longevity of the vaccination since the scientists need more time to compile and verify the data.
Our natural immunity could only last about 4 months. If the US vaccine is only able to trigger our natural immunity against Covid, then the immunity period won't be too long too.
http://sg-stock.blogspot.com/2020/08/covid-19-immunity-can-only-last-about-4.html
Sunday, November 8, 2020
Saturday, November 7, 2020
Friday, November 6, 2020
S&P 500 Technical analysis. - Part 14
When was the recent buying signal for S&P?
Well, whenever there are at least 2 bullish indicators, that will be the time to buy. Let's take a look at the recent signs.
In the ellipse, S&P had closed just above the 5-day SMA and the Stochastics had also turned bullish (black line > red line).