Friday, November 13, 2020
Thursday, November 12, 2020
US treasury yields have been creeping up. What's the repercussion?
The US 10-year yield has been creeping up from 0.67% (28 Sep) to 0.98% (10 Nov) which is a whopping 46% increase.
The 10-year yield is the risk-free rate and is used as the discount rate or factor in many financial models (DDM, DCF, CAPM, etc). The asset values which are derived from the aforesaid financial models will be impacted because the ever-increasing discount rate will cause the valuations to fall since the future incomes are discounted to present values.
If a company's profitability is not rising faster than the risk-free rate, then the company's stock valuation will have to fall due to the higher discount rate. This is something we need to watch out for.
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
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